JB-Hi Fi Limited Essay Example | Topics and Well Written Essays - 2000 words

JB-Hi Fi Limited - Essay ExampleA brief analysis of the notes to the fiscal statement pertaining to the wad grantable figure presents the fact that the trade payable figure also comprises of other figures such as GST payables, deferred income and other creditors and accruals. All of these items have shown significant increase over the fiscal year 2012, but the nigh significant increase is represented by the increase in the figure of trade payables which has shown an increase of nigh $100,371 thousand or about 38% of the prior year symmetricalness. The trade payable balance amounts to round 91% of the total Trade and other payable line item in the balance saddlery of the company. Other balances of period liabilities line items include other financial liabilities, renders and other current liabilities which each have shown inclining movement in the current financial year. This increase is offset to a trusted extent by the increase in the figure of current tax liabilities whi ch have decreased by &7,690 thousand during the current financial year of 2012. The company might have decided to pay more in respect of its current tax liabilities in order to maintain a trim down balance of payable for the current year. The liabilities which are likely to be settled within 12 months mastermind the end of the financial year date are classified under the heading of current liabilities.... distrust 2 The total indebtedness balance of the company JB-Hi Fi Limited amounts to $ 626,648 thousand as at financial year ended 2012. Out of this figure, $439,481 pertains to current liabilities and the other $187,161 pertains to the non-current liabilities portion of the balance sheet. At the end of the financial the first and foremost major liability that the company has is in terms of trade payables which represent near 64% of the total liability balance of the company. Trade payables represents the balance that the company has to pay to its creditors in the shape course of the business and is usually on account of the purchase of the raw material, unassembled goods and other services. Other balance which represents a significant portion of the total liabilities of the company is borrowings which represent about 24% of the total liabilities of the company. These borrowings consists of secured beach loans which is secured by a fixed and floating charge over the Groups assets, the current market value of which exceeds the value of the loan. Other liabilities of the company include balance such as current and non-current provisions on account of defined benefit plan and term of a contracts provisions. Question 3 The balance of the provision as represented in the current liabilities portion of the balance sheet of the company comprises of employ benefits and lease provision. The employee benefit plans usually comprises of a defined benefit plan or a defined ploughshare plan. These plans are usually made for the benefit of the employees of any compan y and the provision balance represents a liability balance that the company has to contribute towards the particular