Qantas Group Annual Report Analysis

For the financial year 2020

Cost of Sales = $10,119

1. What was the total assets and liabilities of the company you are analysing?

Total Assets: 20,026 $M

Liabilities of the company: 18,500 $M

2. What was the total equity? 1,526 $M
3. What was the total comprehensive profit? If the company has subsidiaries, please give the consolidated figures.
4. Prepare a horizontal analysis of the companys balance sheet you are analysing making 2019 as the base year with regards to:

1. Current Assets.
2. Non-Current Assets.
3. Current Liabilities.
4. Non-Current Liabilities.

5. Comment on the trend of those ratios above and interpret the movement.
6. Prepare a vertical analysis of the companys consolidated income statements for the years 2019 and 2020 using the data from consolidated income statement and limit it to the line of Profit before taxation. Comment on the result.
7. Analyse and comment on the companys level of liquidity for 2020 which is measured by the following ratios:

1. Current ratio
2. Acid-Test ratio
3. Accounts Receivable turnover
4. Accounts Receivable collection period
5. Inventory turnover
6. Days of Inventory

8. Comment on the liquidity of the company in 2020. Use the finding of the above ratios compare it to benchmarking available in the internet as much as you can to comment on the performance of each ratio and the liquidity.

QANTAS ANNUAL REPORT 2020 Consolidated Balance Sheet As at 30 June 2020 2020 SM 2019 (reatated) $M 21(A) 11 27(B). (C) 12 13 9D) 19 2.157 1,101 334 384 3,520 522 216 306 58 137 193 4,952 1 231 4.188 77 184 11 27(B). (C) 14 15 16(A) 17 18 19 124 139 50 11,720 1,440 1,050 167 309 217 12,778 1.419 1.225 449 15,074 20,026 16,347 20,535 20 CURRENT ASSETS Cash and cash equivalents Receivables Other financial assets Inventories Assets classified as held for sale Income tax receivable Other Total current assets NON-CURRENT ASSETS Receivables Other financial assets Investments accounted for under the equity method Property.plant and equipment Right of use assets Intangible assets Deferred tax assets Other Total non-current assets Total assets CURRENT LIABILITIES Payables Revenue received in advance Interest-bearing liabilities Lease liabilities Other financial liabilities Provisions Income tax liabilities Total current liabilities NON-CURRENT LIABILITIES Payables Revenue received in advance Interest-bearing liabilities Lease liabilities Other financial liabilities Provisions Deferred tax liabilities Total non-current liabilities Total liabilities Net assets EQUITY Issued capital Treasury shares Reserves Retained earings Equity attributable to members of Qantas Non-controlling interests Total equity 21(B) 16(B) 27(C) 2,351 2,784 868 524 238 1,539 2.368 4,414 610 459 89 967 113 9,018 22 (D) 8,304 20 21(B) 16(B) 27(C) 22 18 99 2,256 5.825 1,318 47 651 1,486 4.527 1.293 48 475 604 8,503 17,521 3,014 10.196 18,500 1,526 23(A) 23(B) 3,104 (51) (173) (1.357) 1,523 3 1,526 1,871 (152) 111 1,181 3,011 3 3,014