Access the latest available financial report (no earlier than June 30 2018) for an Insurance Australia Group. Print the following reports and include them in the appendix. • Income statement • Balance sheet • Statement of changes in equity • Cash flow statement Answer the following questions about the Insurance Australia Group company and its financial reports. When quoting numbers, use the group/consolidated data. The assignment task: Part 1 – General information about the company What is the name of the company and its ASX code? What is its industry type? Find a chart that shows the share price over the last 2-3 years. Over this period, have there been any sharp rises or drops in the share price? If there have, can you find an explanation? Copy the chart to your Word document and print any supporting information and include in the appendix. Part 2 – Revenue What is the company’s main source of revenue? Locate at least two articles relating to the company earnings. One of these must be from an independent source. (Include these articles in the appendix). Using these articles, what events or company policies etc have impacted most greatly on company earnings over the last two years? Read the chairman’s report and the CEO’s report. Please give reasons why you have come up with this answer. Part 3 – Property, plant and equipment Which group of tangible assets (property, plant and equipment) has increased the most over the last two years? What is the reason for this change? Looking just at the last year, were any assets revalued or impaired? If impaired or revalued, what is the reason for this? Please support your answer with information from the published report and an article or company announcement if relevant (Include in the appendix). Has the company followed the accounting standards? Part 4 – Provisions, contingent assets and liabilities and leases What provisions does the company have? Describe them and if possible, the movement or change in them during the year. Does the company have any contingent assets and/or liabilities? Explain, showing estimated amounts. Does the company have any leased assets? If so, what are they and what did these assets cost the company in the last year? Part 5 – Responsibility and sustainability Define “sustainability” as it relates to a business. Looking at your company’s sustainability report, what are some ways in which the company is “giving back” to the community? How do you think this will impact the company’s earnings in the longer term? Part 6 -Evaluation of Company Report Evaluate the overall adequacy of the company report,i.e. here you need to consider the usefulness of the information in all of the above areas ,parts 1 to 5 ,as well as whether it has provided accountability to shareholders. word limit:2000 words Answer