You are an accountant at West Group Accountants & Investment Advisers. You have been approached by a group of investors for your professional advice on investing in Harvey Norman Holdings Limited. Your client is a strong believer in supporting Australian made products and Socially Responsible Investing. The latter would mean adopting an investment strategy which seeks to consider both financial return and social good.
Required:
Go to:
https://www.harveynormanholdings.com.au/pdf_files/2013_Annual_Report.pdf
and access the company's annual report for 2013.
Prepare a report for your client. Your report should include:
a. A description of the core business of the company including full details of its operating activities.
b. A discussion on any significant issues emerging from the Chairman's Report.
c. A discussion on any significant issues emerging from the Director's Report.
d. A discussion on company's Corporate Governance Statement.
e. A calculation of the key financial ratios for 2013.
f. An overall evaluation of the company and your recommendation on investing in the company.