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Discuss the financial performance and financial position

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Reference no: EM132987238

Assume that an investor from Japan had approached you at Deloitte seeking investment advice on SIMS LIMITED and ILUKA RESOURCES LIMITED. Deloitte is Auditor for SIMS, and PriceWaterhouseCoopers (PWC) is Auditor for ILUKA RESOURCES for the (annual report) financial year 2020. You are required to take the role of business advisor/Analyst for the purpose of providing a detailed report based on the following specific questions relating to what the investor is seeking. As an advisor/Analyst at Deloitte, write a report addressing the following questions that the investor has asked your firm for advice. The investor is from non-accounting background.

Question 1. Provide a brief introduction about these two companies.

Question 2. Provide a brief summary of the eight corporate governance principles these two companies have embraced.

Question 3. Discuss at least five IFRS/AASB standards (or equivalent standards) each of these companies have used, how they have used them and any ongoing costs relating to the requirements of these standards? [Hint: compare the same five standards for each company].

Question 4. Are there any challenges faced by these companies in terms of implementing/using any of the IFRS/AASB standards (or equivalent standards) in (3) above? If so, was there any relief available due to the COVID-19 pandemic?

Question 5. Discuss the financial performance, financial position and cash flow of these two companies: a. By referring to balance sheet, income statement, cash flow statement, and notes b. Calculate and compare key financial ratios relating to Liquidity, Leverage, Efficiency, Profitability, and Market Value. [Hint: use at least four ratios in each catergory] c. What is the Market Capitalisation of each of these companies? Discuss possible reasons why their net book value differs from Market Capitalisation. (Note: Attach your ratio calculations, including any formula for both companies in appendix 1 and attach as Appendix 2 extract from the financial statements you used.

Question 6. Outline the requirements for these companies to report their Social and Environmental information and discuss how they have met these requirements for the year 2020?

Question 7. Summarise and provide a conclusion for the investor who is from a non-accounting background.

Reference no: EM132987238

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