• All amounts are expressed exclusive of GST. GST is not required to be incorporated into the transactions or adjustments for the purposes of this assignment within consolidated financial statements
• In early June 2021, Luxury Furnishings was the victim of a cyber-attack. The malware deleted records in the Groups centralised inventory system and customer management system. The CFO advises that the internal auditor is satisfied that the substantial majority of records effected have been corrected and the information provided by the system should be materially complete and accurate. A stocktake was not undertaken as a result of the cyber-attack on the basis that the year-end stocktake was scheduled for 30 June.
• Luxury Furnishings is considering selling fifteen percent interest in Concept Designs Pty Ltd to an external party.

(30 June 2021 is preparing consolidated financial statement date, luxury is parent company)

Please outline the key issues and analysis related to facts