Three Assets
1) Trade and other receivables - $55.4m. Money earned that has been payed or is owed to the company for work and services performed as part of the firms operations .
2) Inventories - $32.3m. Plant, equipment and consumables held in inventory. Mostly spare parts and consumables for maintenance activities.
3) Plant property and equipment - $3,926.4m. Buildings, facilities, vehicles and equipment that is used to generate income.
Three Liabilities
1) Current tax liabilities - $52.1m. The tax on income for the current period.
2) Trade and other payables - $393.6m. Accrued expenses and money owed for various activities relating to the operating of the business.
3) Provisions and employee benefits - $93.1m. Money set aside for things like workers compensation claims, money for restructuring, to cover the expected cost of incidents with trains and such like and retired employee travel passes.
Three Items of Equity
1) Contributed equity - $8,606.1m. The shares in the company owned by equity investors.
2) Reserves - ($4,703.5m). A combination of various reserve items e.g. employee equity benefits reserve, hedge reserve, treasury share reserves. Basically money held aside for various reasons to cover future payments of equity.
3) Accumulated losses - ($282.6) Could not find a good explanation for this one. But I think it is losses carried over from previous years, a leveraged buy out or perhaps from adjustments made to intangible items such as goodwill. Which is possibly to do with the acquisition of C3 in NZ.
Hi Ben,
ReplyDeleteInteresting!!
From my understanding accumulated loses are the total amount of loses gathered since last financial year (I may be wrong and I'm happy to be corrected).
Hi Ben & Anna
ReplyDeleteIn regards to accumulated losses, the definition I stumbled upon is:
A loss (or losses) from previous years carried forward in order to offset future earnings.
I'm still not entirely sure though!
Ben - I am enjoying following your blog ... and you firm has quite a lot of accumulated losses ... nearly $300m ... how has it managed to lose so much ... aren't we 'supposed' to make money in business ....?
ReplyDeleteHi Ben,
ReplyDeleteI like how you have included the values of each asset, liability and equity to give a bit of insight to your company. The explanations you have given are straightforward, it was also a good idea to give examples to explain the item that little bit more.