CSL Limited Annual Report 2020 Consolidated Statement of Comprehensive Income For the Year Ended 30 June 2020 Consolidated Entity 2020 2019 US$m US$m Notes 8.796.6 1454 8 2054 1334 171.1 28.7 6 Continuing operations Sales and service revenue Influenza Pandemic Faclity Reservation fees Royalties and License revenue Other Income Total Operating Revenue Cost of sales Gross profit Research and development expenses Selling and marketing expenses General and administration expenses Operating profit Finance COGS Finance income Prafit before income tax expense Income tax expense Net profit for the period Other comprehensive income Items that may be reclassified subsequently to profit or loss Exchange differences on translation of foreign operations net of hedges on foreign investments Items that will not be reclassified subsequently to profit or loss Actuarial losses gains on defined benefit plans, net of tax Total of other comprehensive inconellos) Total comprehensive income for the period 158.5 50.3 9,150.8 13,924.4 5.226.4 1921.81 1896.21 (691.81 2.716.5 (150.81 20 2,572.7 (470.21 2.102.5 8.5386 17612 4.2774 16318) 1866.81 1978 2,5040 (1767) 138 2,3411 2 29187 12 13.3 (34) 19 (13.6) (0.51 2,102.2 162.1) 1019) 1836 Earings per share (based on net profit for the period) Basic earnings per share Diluted earnings per share The concocted statement of comprehensive income should be reso in conjunction with the accompanying notes conced US$ 4.633 4.615 US$ 4.276 4.226 10 96 CSL Limited Annual Report 2020 Consolidated Balance Sheet As at 30 June 2020 Consolidated Entity 11:18 PM.. Read Only - You can't save changes to this.... assumptions about the trends. We are not required to prepare operational budgets such as sales budget, production budget, to prepare a budgeted income statement. The cxcel file used for preparing the above three statements should consist of two shects. The first sheet should be used to record any input data and assumptions that you use for your calculations. For example, data used with high-low in F(ii) above should be shown here. The second sheet of excel file should show the output of the analysis (i.e. the three statements mentioned in (1) to (iii) above. Input and output sheets should be linked by formulas. In other words, the excel file should be readily available for sensitivity analysis ("what if analysis") i.e. if the manager change the input data or an assumption in the input sheet, he/she should be able to see the impact of the changes on the output sheet immediately. B. Managers regard relevance, accuracy, and timeliness as important characteristics of information However, much of accounting information provided to managers does not rank highly on these criteria, because some management accountants are tied to financial models of reporting. To regain their role as primary information provides, management accountants need to become more directly involved in the operation of data collection and reporting systems, and move closer to the managers they are serving (McKinnon & Bruns 1992). In light of the above statement, we need to provide 5 examples of information that management accountants can provide to managers of CSL Limited to assist them in managing company resources (example, customer profitability analysis to identify the most important customers of CSL Limited) C. By looking to the 2020 annual report of CSI. Limited following questions are to be answered. 1. What are the cost objects in the annual report? II. What is the product cost in the annual report and how much is it? III. What are the three period costs, and explain why they are period costs? IV. Would CSL Limited be able to make use of cost volume profit analysis within its business operations? Explain. V. Examining the segment information contained in the annual report and comment on the results. VI. After examining the annual report, conclude whether there is a budgetary system in operation in CSL Limited, VII. What would be the key element driving a budgetary system for CSL. Limited? What budgets might the company prepare? III