6. Content of Financial Statements When looking for the following information, you may need to consult the associated notes to obtain further information and clarification. Please reference the note number that you used. When asked for the "main" 8 item it means the largest line item. E.g., for all the different assets in both current and non-current together, which is the largest? Answer exactly what is asked, don't give surplus information. I realise that we may not have covered the chapter on non-current assets, liabilities, and equity when you are doing this so you may have to do some research and read ahead. We have however, covered the definitions of these items so you should know their characteristics, e.g assets will generate future economic benefits and liabilities are a present obligation to an external party. Also, when presenting information think about how you can express the main items. Is saying Company x has $123,456,789 of property compared to Company y which has $987,654 very meaningful? Or would expressing the amount as a percentage of the total be more meaningful? Present the information for both companies in the same paragraph. For example, Company As main assets are xxx while for company B they are xxx. This is similar/different/to be expected because...

6.1 Income Statement (Statement of Profit and Loss) For each company what is main source of revenue? How does this main source of revenue relate to the business? For example, the main source of income for a retailer would normally be sales but other industries may have other sources. For example a service industry does not have sales of goods. For each company what is the main expense? Is that what you expected and how is this related to the type of business it conducts? Remember to read the notes to the accounts to get further information.

6.2 Balance Sheet (Statement of Financial Position) For each company what is the main asset? Why do you think your company has a lot more of this type of asset? Think about what the company does and maybe you can suggest why your company would have these assets. For instance, it may be reasonable to expect a mining company to have mainly property, plant and equipment. (As mentioned above, current and non-current is not a type, consider all assets) For each company what is the main liability? Why do you think your company would have this liability? This may not be as explainable as assets but read the disclosure notes and see what you can find. For each company what are the equity accounts? Do you know what they represent? You may need to read the notes, and also read the text book chapter on equity and do some further research on the web.

6.3 Statement of Cash Flows For each company what is the main source of cash inflows and outflows? How does this relate to what the business does?

Company required: WhiteHaven Coal(WHC) and Boral Limited (BLD)

P:S: 2019 Financial report for both companies could be found in the link below

BLD: http://acquia-prod.boral.com/sites/corporate/files/media/field_document/ID-18056-BLD-Boral-FY19-Annual-Report-FINAL.pdf

WHC: https://whitehavencoal.com.au/wp-content/uploads/2019/09/Whitehaven-Coal-Annual-Financial-Report-2019.pdf6. Content of Financial Statements When looking for the following information, you may need to consult the associated notes to obtain further information and clarification. Please reference the note number that you used. When asked for the "main" 8 item it means the largest line item. E.g., for all the different assets in both current and non-current together, which is the largest? Answer exactly what is asked, don't give surplus information. I realise that we may not have covered the chapter on non-current assets, liabilities, and equity when you are doing this so you may have to do some research and read ahead. We have however, covered the definitions of these items so you should know their characteristics, e.g assets will generate future economic benefits and liabilities are a present obligation to an external party. Also, when presenting information think about how you can express the main items. Is saying Company x has $123,456,789 of property compared to Company y which has $987,654 very meaningful? Or would expressing the amount as a percentage of the total be more meaningful? Present the information for both companies in the same paragraph. For example, Company As main assets are xxx while for company B they are xxx. This is similar/different/to be expected because...

6.1 Income Statement (Statement of Profit and Loss) For each company what is main source of revenue? How does this main source of revenue relate to the business? For example, the main source of income for a retailer would normally be sales but other industries may have other sources. For example a service industry does not have sales of goods. For each company what is the main expense? Is that what you expected and how is this related to the type of business it conducts? Remember to read the notes to the accounts to get further information.

6.2 Balance Sheet (Statement of Financial Position) For each company what is the main asset? Why do you think your company has a lot more of this type of asset? Think about what the company does and maybe you can suggest why your company would have these assets. For instance, it may be reasonable to expect a mining company to have mainly property, plant and equipment. (As mentioned above, current and non-current is not a type, consider all assets) For each company what is the main liability? Why do you think your company would have this liability? This may not be as explainable as assets but read the disclosure notes and see what you can find. For each company what are the equity accounts? Do you know what they represent? You may need to read the notes, and also read the text book chapter on equity and do some further research on the web.

6.3 Statement of Cash Flows For each company what is the main source of cash inflows and outflows? How does this relate to what the business does?

Company required: WhiteHaven Coal(WHC) and Boral Limited (BLD)

P:S: 2019 Annual Financial report for both companies could be found in the link below

Boral Limited: https://www.boral.com/news/annual-reports

Whitehaven Coal: https://whitehavencoal.com.au/investors/results-centre/