concepts and questions of annual reports

concepts and questions of annual reports

Key concept:
HiTech Group Australia Limited’s (“the Company’s”) shares are quoted on the official list of the Australian Stock Exchange Limited.

In financial year 2013

The directors declared a fully franked dividend of 0.5 cents per ordinary share with a record date of 11 September 2013 to be paid on 25 September 2013.

Basic and diluted earnings per share is 0.53 cents.

HiTech currently supplies permanent and contract staff from its large, personalised, database of over 190,000 specialised ICT, Finance and Office Support professionals which has been developed over the past 20 years.
The HiTech client base (of over 445 clients) is well established, with strong representation by technology companies, banking/financial services companies, Federal Government departments and agencies. HiTech has also entered into preferred supplier agreements for the supply of staff in both the

public and private sectors.

Gross Profit is $1,589,917, a decrease of 22.76% over pcp (FY12: $2,058,372).
Our Net tangible Assets (NTA) increased by 5.42% to $0.10 per share.

Cash at end of year increased by 46.71% to $2,757,958.

There were no significant changes in the state of affairs of the consolidated entity during the financial year.

Revenue and profitablility in financial year 2013 underwent a relatively large decrease. The most significant areas for change will be the continuation of an increase in job vacancies.




Questions:

1.How to Calculate the Total of Intangible Assets showed in the consolidated statement of financial position?

2.How does the selling and buying in stock market be presented on the financial statement?

3.What is permanent replacement revenue?

4.What is contracting revenue?

5.What will the directors do to increase the shareholder's confidence to the company to prevent they sell the shares due to the decrease in profitability and revenue?

6.What kind of transaction would be included in long-term provision?

7.HiTech Group Australia focus on recruitment and consultation. How to show the revenues and expenses from each branches on the financial statement?