Australia

Details

  • Service: Audit, Financial Statement Audit, Financial Reporting & Accounting Standards, Accounting Advisory Services
  • Type: Survey report
  • Date: 7/04/2014

ASX50 financial reporting insights

Analysis of the financial results of the top 50 companies listed on the Australian Securities Exchange (ASX).

ASX50 financial reporting insights: July-December 2013 

KPMG has analysed the financial reports of the ASX50 through the latest reporting season (1 July 2013 to 31 December 2013).
ASX50 financial reporting insights cover
Download Now
PDF files require Adobe Reader to view

This interactive PDF is best viewed in full screen mode.

 

Smartphone and tablet users
View the PDF using the free Adobe Reader app that is available for your device. When launching the document, select Adobe Reader to view the document.

The report provides review and analysis of financial performance of the ASX50 group of companies as an indicator of the economy in general.

 

Key insights

  • Reported non-statutory profit measures for the 12 months to December 2013 exceed the statutory figures by 23 percent.
  • Reported statutory and non-statutory profit before tax indicates that the annual performance of the ASX50 group as a whole has improved on 2012 but the result is mixed across sectors.
  • Annual impairment charges for the ASX50 group have decreased by 33 percent.
  • Receivables impairment charges were 27 percent lower than any of the other 5 years in the survey with a low interest rate environment likely to have been a key factor.
 

Share this

Share this