Required: 1. Select Company A and a benchmarking company for analysis. You need to choose two companies from a list of Selected ASX Listed Materials Companies provided as a separate file under Assignment on the course website. (1) The name of the company selected as Company A should begin with the same letter of the alphabet as your surname (or your fellow student’s surname should you do the assignment in pairs), e.g. if your surname is Alpha, you can use either Adelaide Brighton Limited or Alumina Limited. (2) The name of the company selected as the benchmarking company should begin with the same letter of the alphabet as your first name (or your fellow student’s first name should you do the assignment in pair), e.g. if your first name is Beta, you can use either Barra Resources Limited or BHP Billiton Limited. Note: If you cannot find an appropriate company to analyse, you may randomly select a company from the list but you need to clearly justify the reason. 2. Go to the company information database DatAnalysis Premium via the UniSA Library website. Under Company Reports, search for the companies you selected according to their ASX Codes or part of the company names. Go to Financial Data to review these companies’ financial statements from 2015 to 2017 (if 2017 reports are not available, you can use 2014 to 2016 reports). 3. Based on available data, analyse and compare the financial results of Company A and the benchmarking company selected (if no average data is available for some accounts, you may use year-end data to work out ratios). Your comparative analysis should cover the following points: 1) How do you comment on each company’s financial performance and position? 2) Which company is more profitable and generates healthier returns? 3) How well are the two companies managing their resources? Do you think Company A is efficient in managing its assets compared with the benchmarking company? 4) Can Company A meet its short term debts? How is its liquidity compared with the benchmarking company? 5) Do you think Company A will stay in operation in the long term? How is its long term financial stability compared with the benchmarking company? 4. Go to Annual Reports to review the most recent reports (preferably the past three years) of Company A and the benchmarking company. Are there any additional issues of concern related to their financial position and performance? Discuss how these additional issues and evidence disclosed in the annual reports may influence your above interpretation and comparative results? 5. Does the benchmarking company produce any report or information about environmental issues such as environmental pollution and energy consumption? Do you think Company A should follow what the benchmarking company is doing? Do you support reporting on environmental strategies and challenges or do you think the company should focus on business growth and regaining profit instead? Explain. 3 Submission Notes: ï‚· Your assignment must be presented in a clear report format, including introduction and conclusion, and with correct grammar, expression and in-text referencing. Read the Writing Reports Guide on the course Learnonline website before submission. ï‚· All assignments must be submitted online. Hard copies of the assignment are NOT accepted. If the assignment is completed by two students, only one student needs to make the submission. ï‚· Please submit one single Word Document only. Please do not attach the assignment cover sheet. Instead, clearly indicate your name and student ID (if applicable, plus your fellow student’s name and ID) on the first page of the submission. This is to avoid high similarity of the assignment cover sheets reported in Turnitin. ï‚· The length of this assignment should not exceed 2,400 words (excluding title page, table of contents, executive summary/abstract, endnote/footnote, and appendix and reference list). Please note detailed calculations for financial ratios must be shown but included in appendix. The main text should only present the summary of ratio results. ï‚· You are required to use the Harvard Referencing style. The minimum number of references for this assignment is five (including the textbook). If you are not sure about the referencing style, please read the Referencing guide on the course Learnonline website. ï‚· You may ask your lecturer/tutor for help while completing this assignment, but they will only answer general questions and will not ‘check’ student answers to the assignment. You may only discuss the assignment with other students at a general or conceptual level, that is, you may talk about the issues, not the details. ï‚· You should not prepare your assignment together with other students or groups, nor should you compare your final answers with other students or groups. It is NOT acceptable to share files, templates, or electronic versions of assignment questions with other students or groups. To ensure Academic Integrity, all submissions will be checked through Turnitin databases which include online publications, internet resources and past student submissions. ï‚· Remember, your assignment must be all your own work. If you present material that is not all your own work you have engaged in academic dishonesty which is taken very seriously and dealt with very severely. Refer to the Academic Integrity section of the Learnonline course website.