Accounting. Blackmores Limited - 1509 Words

Question 1 The principal operating activities of Blackmores Limited is to develop and market nature, innovative, quality branded health products including vitamins, herbal, mineral and nutritional supplement (Blackmores Annual Report 2011, page 37). Question 2 As shown in the annual report, the chairman is Mr. Marcus C Blackmore AM (Blackmores Annual Report 2011, page 35). The number of shares the chairman held in the company at the end of their 2011 financial year is 4,479,278 (Blackmores Annual Report 2011, page 36). Question 3 The financial reports in Blackmores’ 2011 annual report are as follows: †¢ Consolidated Income Statement (Blackmores Annual Report 2011, page 51). †¢ Consolidated Statement of Comprehensive Income†¦show more content†¦of times) (Profit before interest and taxation / Interest Expense) Ãâ€" 100 = (34,731,000 + 2,015,000) / 2,442,000 = 15.0 (Profit before interest and taxation / Interest Expense) Ãâ€" 100 = (39,322,000 + 2,211,000) / 2,372,000 = 17.5 Question 2 2a) Comparing the movement of each ratio in 2010 and 2011 for Blackmores Ltd, there is an increase in current ratio and it implies that Blackmores Ltd has higher capability in using its current assets to pay off its current liabilities in Year 2011 as compared to Year 2010. As for acid test ratio, it decreased from 1.7 in year 2010 to 1.6 in year 2011. This shows that Blackmores Ltd does not have as much liquid assets like accounts receivable and cash to pay off current liabilities in the year 2011, comparing to year 2010. Then, the gearing ratio has decreased in the Year 2011 as compared to Year 2010. This implies that there is a decrease in the contribution of long-term lenders to Blackmores Ltd and thus resulting in a lower financial risk for long-term investments. Lastly as for interest cover ratio, it has increased in Year 2011 as compared to Year 2010. This implies thatShow MoreRelatedRmit - Acct 2060 Introductory Accounting Assignment1438 Words   |  6 PagesIntroductory Accounting Assignment - Semester 1, 2012 Part A Question 1 In the course of the financial year, Blackmores’ principal operating activities focused on the development and marketing of natural health products such as vitamins, herbal and mineral nutritional supplements. They sell and have operations in the natural health and dietary market throughout Australia, New Zealand and Asia region. (Reference: Blackmores’ Annual Report 2011, Pg. 37) Question 2 Mr Marcus C. Blackmore AM is theRead MoreIntroductory Accounting Assignment2279 Words   |  10 PagesACCT 2060 Introductory Accounting Assignment - Semester 2, 2011 This assignment is designed to get you to locate the Annual Reports for a company and become familiar with the contents of an Annual Report, particularly the financial statements and the notes to the financial statements. While we have looked at very basic formats of the financial statements, the financial statements for a company contain a little more detail and information on some items you may not have been introduced to yetRead MoreThe Marketing of Blackmore3826 Words   |  16 PagesExecutive summary: This report was to investigate the company Blackmores, and different theories such as corporate communication, integrated marketing communication, corporate social responsibility, and green marketing or greenwashing. Blackmore is popular in Australia, and it is one of the top health providers for 80 years history. Blackmores’ main products are vitamins, minerals and herb supplemental medicine. This report introduces some features of corporate communication involving stakeholderRead MoreSubway Restaurants Essays21330 Words   |  86 Pagespopular data collection method where most questions are fixed alternative questions that require the respondent to select from a predetermined set of responses (Malthora et al 1996). This assists in interpreting and analysing the data as there were a limited number of responses available to the respondent. Survey methods available include person-administered surveys, computer-assisted surveys, mixed-mode surveys and self-administered surveys. Each method of obtaining data has certain strengths and