Australia

Details

  • Service: Audit, Financial Statement Audit, Financial Reporting & Accounting Standards, Accounting Advisory Services
  • Type: Survey report
  • Date: 27/03/2013

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 2012 

KPMG has analysed the financial reports of the top 50 companies listed on the Australian Securities Exchange (ASX50) through the reporting season (1 July 2012 to 31 December 2012).
ASX50 financial reporting insights cover
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The report provides review and analysis of:

  • the financial performance of the ASX50 group of companies as an indicator of the economy in general
  • trends by industry sector, with specific focus on the contribution of mining companies and the 'Big 4' banks
  • profits reported under statutory and non-statutory (underlying/non-conforming) measures
  • operating cash flow, revenue, impairment and gearing results.

 

Key insights

  • The mining sector has reported reduced revenues, operating cash flows and underlying profits in an environment of generally lower commodity prices.
  • The non-bank, non-miners have achieved their highest revenue and statutory profit in the surveyed period and have increased operating cash flows over the past two 6 month periods.
  • Impairment charges for the 6 month period have increased by 40 percent. Rio Tinto and BHP Billiton reported 62 percent of the $38 billion in impairment charges recorded by the ASX50 in the year to December 2012.
 

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