Monday, March 10, 2014

KCQ's Annual Report

1. Remuneration- Does anyones report contain remuneration information regarding high level management and directors, etc?

2. Legal expenses- Currently Saunders International is involved in a dispute, does anyone else have any legal expenses present in their organisation, would you please send me a link to your blog so that I can review it?

3.Does anyone have deferred tax assets? does anyone know what this means?

4. Why wouldn't safety figures be reported more efficiently in reports?

5.What causes an organisation to retain their earnings, over giving them as dividends to share holders?

6.Is there a trend in the number of directors meetings held each year? in Saunders International, the minimum number is 8 meetings, and the max is about 10

7.In Saunders International no share options are issued to directors- does anyone elses organisation have this present?
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9 comments:

  1. UnknownMarch 14, 2014 at 6:18 AM

    Hi Evelyn,
    Asciano also has deferred tax assets of $66.6m. From what i can gather they are assets that can be used to reduce future tax expenses. If the company is carrying over a net loss the asset can be written off to reduce the tax payable if the company is more than 50% likely to be profitable in the next accounting period.
    This site explains it better than i can - http://www.wallstreetoasis.com/finance-dictionary/what-is-a-deferred-tax-asset

    Regarding 4. Why wouldn't safety figures be reported more efficiently in reports?
    My guess is there is no law making a company do it so they will give the least amount of safety statistics away as possible in an annual report in case it turns off some potential investors (assuming their record is not good of course). Mind you if they have an exemplary record it may be a selling point.
    Cheers,
    Ben
    http://bensassignment1blog.blogspot.com.au/


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    1. UnknownMarch 15, 2014 at 5:09 PM

      Thank you for the great input Ben!

      thank you for sending me the link to explain deferred tax assets, it was most helpful! I agree with your point about KCQ #4, that is a very valid point!!!

      Delete
  2. UnknownMarch 17, 2014 at 4:17 AM

    Hi Evelyn,

    My post is in regards to number 5. In most cases, companies retain their earnings in order to invest them into areas where the company can create growth opportunities, such as buying new machinery or spending the money on more research and development.

    Thanks, Jess.

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    1. UnknownMarch 18, 2014 at 5:36 PM

      Thats a great explanation, and point! thank you Jess!!

      Delete
  3. Rebecca SeronMarch 18, 2014 at 4:29 AM

    Hi Evelyn,
    My company's financial report has quite alot of information on the directors remuneration, which includes their salary, cars, shares, bonuses etc - I am clearly in the wrong job, maybe it is time for a woman to be included on the board...
    Deferred tax assets are basically assets that a company can use to reduce its income tax. I got this info from http://www.investopedia.com/terms/d/deferredtaxasset.asp, it's been a very helpful site.
    My company has 14 director meetings a year and the directors are expected to attend as many as possible.

    Great blog - lots of information,
    Rebecca
    http://accountingwithbec.blogspot.com.au/

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    1. UnknownMarch 18, 2014 at 5:37 PM

      I agree!!!!! We are in the wrong business! ;)

      thank you for the link! it was very helpful, and helped me answer allot of other questions I had!!

      Thanks!

      Delete
  4. Jenna March 18, 2014 at 11:39 PM

    Hi Evelyn,

    The Annual Reports for my company Benitec show the Remuneration information for its key Management Personnel.

    The Board of Directors also held 17 meetings for the 2013 Financial Year. That is alot of meetings.

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    1. UnknownMarch 22, 2014 at 12:24 AM

      Wow!!!! 17 Meetings?! thats amazing, obviously keeping their stakeholders in mind is key for Benitec!

      Delete
  5. UnknownMarch 19, 2014 at 5:01 PM

    Hi Evelyn,

    My company is Baofeng Modern and the number of board meetings held was 7 throughout the 2012 financial year. My report even identifies the amount of meetings each director attended.

    Please visit my blog http://georgiadawsonacct11059.blogspot.com.au/

    Thanks, Georgia

    ReplyDelete

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