Research Assignment: Air New Zealand Limited and Fisher & Paykel Healthcare Corporation Ltd

Locating Annual Reports

Locate the latest annual report of Air New Zealand Limited (AIR) and Fisher & Paykel Healthcare Corporation Ltd (FPH) on the website.  You are required to identify and state the items listed below.
  
IF any item is not included in the financial statements, this should be clearly indicated in your assignment.   You are also required to write a short summary of the information you gathered about Intangible Assets / Goodwill at the end of your research for this section (see below).

(a) State the name of the company and the actual end date for the financial year (day, month, and year) of the annual report (NOT the date the report was issued).

 

(b) Employee Benefits 

i. State the total amount of the expenses of employee benefits (as defined in NZ IAS 19).  If there is a break-down of this amount, state the individual amounts for each category.

ii. State the amount of the liability (current and non-current) that relates to employee benefits (as defined in NZ IAS 19) in the Statement of Financial Position for the current year.  If the accounts or notes, give a break-down of this amount, state the individual amounts for each category. 

 

(c) Intangible Assets/Goodwill

i. State the total value of Intangible Assets and Goodwill (if shown separately) in the Statement of Financial Position (if any).

ii. Name and state the value of the individual Intangible Assets/Goodwill included in the final accounts at the end of the current financial year.

iii. State the amount and the asset involved for any impairment of Intangible Assets and/or Goodwill for the current financial year.

iv. State the amount and the asset involved for any amortization of Intangible Assets for the current financial year.

 

(d) Income tax 

i. State the amount of income tax expense written in the Statement of Financial Performance.

ii. State the amount of Deferred Income Tax  either separately as Deferred Tax Asset and Deferred Tax Liability or as the net amount written in the Statement of Financial Position.

iii. State the amount of income tax paid in the Statement of Cash Flows.

 

(e) Earnings per share

i. State the amount of basic earnings per share.

ii. State the amount of diluted earnings per share.

 

(f) Investments in subsidiaries

(i) State the number of subsidiaries that are 100% owned within the group at the end of the current financial year.

Identifying Specific Items in Financial Statements

(ii) State the number of subsidiaries that are controlled by the group but are less than 100% owned at the end of the current financial year.

?

(g) Write a summary paragraph of the information you have researched that relates to part (c) only for both the companies– Intangible Assets and Goodwill.  You can add in graphs if you wish to display the information.
    

Note You need to extract the information from the annual reports (financial statements, accounting policies and notes).  

• Do NOT simply cut and paste large sections out of the annual reports.  

• Do NOT use the interim report, as it does not include all the information required. 

• Use the group figures only.  

This report is Part A of the total assignment that is due before 4:15 pm on Wednesday, 18 March 2020 and a hard copy should be submitted in the class. 

 

This Part A of the assignment may be done either individually or in pairs.  Do NOT share files at any stage either during the preparation of the assignment or even after the deadline date.  You can discuss your work, but you MUST NOT allow your work to be copied.

 

Late assignments will be penalised.  You will automatically lose 20% of the mark granted to you if your assignment is not received on time.  

Please note that aegrotats are not granted for assignments.  It is in your interest, therefore, to complete the assignment in good time. 

 

Please ensure that your student ID number appears as a footer in the document.

Write an essay on the merits and demerits of using fair value as a measure of elements of financial statement.  You must also provide a conclusion in own words giving your opinion on this issue. The essay must include the following areas:

 

 1. Various methods the elements of financial statement can be measured and a brief discussion on these methods.  Description of and  discussion on the use of fair value as a measure of the elements, including how fair value is determined.

 

2. Based on the company in Part A of this Assignment, extract and state the information relating to the use of fair value in measurement of non-current assets of this company.

 

3. Advantages of using fair value measurement.

 

4. Disadvantages and limitations of applying fair value measurement.

 

5. Conclusion (in your own words) about the utility of using fair value.