JB-Hi Fi Limited Essay Example | Topics and Well Written Essays - 2000 words

JB-Hi Fi Limited - Essay Example A brief analysis of the notes to the financial statement pertaining to the trade payable figure presents the fact that the trade payable figure also comprises of other figures such as GST payables, deferred income and other creditors and accruals. All of these items have shown significant increase over the financial year 2012, but the most significant increase is represented by the increase in the figure of trade payables which has shown an increase of about $100,371 thousand or about 38% of the prior year balance. The trade payable balance amounts to around 91% of the total ‘Trade and other payable’ line item in the balance sheet of the company. Other balances of current liabilities line items include other financial liabilities, provisions and other current liabilities which all have shown inclining movement in the current financial year. This increase is offset to a certain extent by the increase in the figure of current tax liabilities which have decreased by ,69 0 thousand during the current financial year of 2012. The company might have decided to pay more in respect of its current tax liabilities in order to maintain a lower balance of payable for the current year. The liabilities which are likely to be settled within 12 months form the end of the financial year date are classified under the heading of current liabilities.... Question 2 The total liability balance of the company JB-Hi Fi Limited amounts to $ 626,648 thousand as at financial year ended 2012. Out of this figure, $439,481 pertains to current liabilities and the other $187,161 pertains to the non-current liabilities portion of the balance sheet. At the end of the financial the first and foremost major liability that the company has is in terms of trade payables which represent around 64% of the total liability balance of the company. Trade payables represents the balance that the company has to pay to its creditors in the normal course of the business and is usually on account of the purchase of the raw material, unassembled goods and other services. Other balance which represents a significant portion of the total liabilities of the company is borrowings which represent about 24% of the total liabilities of the company. These borrowings consists of secured bank loans which is secured by ‘a fixed and floating charge over the Groupâ€⠄¢s assets, the current market value of which exceeds the value of the loan’. Other liabilities of the company include balance such as current and non-current provisions on account of defined benefit plan and leases provisions. Question 3 The balance of the provision as represented in the ‘current liabilities’ portion of the balance sheet of the company comprises of employ benefits and lease provision. The employee benefit plans usually comprises of a defined benefit plan or a defined contribution plan. These plans are usually made for the benefit of the employees of any company and the provision balance represents a liability balance that the company has to contribute towards the particular

In what ways did humanists have an effect on cultural and religious Research Paper - 1

In what ways did humanists have an effect on cultural and religious development - Research Paper Example The intellectuals not only lament over the pathetic moral decline of their fellow beings, but also strive to make corrections in the individual and collective life of the masses through their verbal or written preaching. Consequently, an overwhelming majority of the general public belonging to their contemporary society turns against the philosophers by declaring them breakers of law and traditions. However, they remain as firm as rock in the face of hardships, and stick to showing the people the very path of glory and wisdom. This state of affairs is not confined to one social establishment only; rather, the humanists have left indelible impact of their broad and humane thoughtfulness on every cultural set up of the globe without discrimination. The present paper aims to throw light on the valuable services of the philosophers and writers with special reference to the works created by celebrated 14th century Italian writer, poet and reformer Giovanni Boccaccio and 15th century Dutch writer Desiderius Erasmus. Boccaccio’s allegorical work The Decameron serves as a great satire on the malpractices and hypocrisy existing in his contemporary Italian culture. Through his simple but thought-provoking short fables and tales, he censures the avaricious and condemnable nature of the clergymen, who sell the word of the Scriptures for their own purpose. The priests, parsons and other churchmen, as the tales view, are considered to be the noblest, holiest and most reliable individuals, who are administering the spiritual and social activities by inviting the people towards the way of God. However, instead of fulfilling their sacred mission of guiding the masses, they are misguiding them by offering the permission to enter the paradise. Since the Lord has not bestowed upon the priests the power to make false promises in respect of granting permission to enter the heavens, the act of such barter for pecuniary gains on the part of the priests is actually a