Sign In
Not register? Register Now!
Essay Available:
7 pages/≈1925 words
10 Sources
Accounting, Finance, SPSS
Research Paper
English (U.S.)
MS Word
Total cost:
$ 39.31

Financial Statement Analysis ; A Case study of Rio Tinto (Research Paper Sample)

Financial Statement Analysis ; A Case study of Rio Tinto source..
Name: Lecturer: Course name: Course code: Date: Question one Group composition Introduction Rio tinto is a British-Australian worldwide metal and mining corporation with its head-quarter in London as well as its management office situated in Melbourne Australia. The group structure of the company comprise of the following: A. subsidiary (51% Holding in Turquoise Hill) The company currently owns the following subsidiaries: 51% shares of Turquoise Hill; iron Ore Company of Canada, Energy resource of Australia and simfer jersey. In this regard, Rio tinto has voting right in the subsidiary companies since investment in a subsidiary according to IFRS provides that the parent company must have a voting right on a subsidiary investment while the subsidiary gets their share profit in relation to portion of the non-controlling interest. B. Joint venture (50/50) % Agreement Rio tinto limited has entered into a joint venture agreement with Hope Downs. The contract was agreed upon and amendment to memorandum of association as well as the article of association was effected. Consequently, joint venture and their relevant groups function, jointly as a distinct economic venture, with neither assuming a leading position. The amalgamation drawn in no amendment in the legal possession of any assets of Hope Downs or Rio Tinto Limited, nor any modification in the possession of any present shares or securities of Hope Downs or Rio Tinto Limited. c. Investment in Associates {42.1%) The company as an associate investment in Gladstone Power Station worth of 42.1% .The Company deals in power generation. In this regard, the international financial reporting standard as well as the Australian accounting standards provides that the parent company will not consolidate the books of the associate venture but instead the parent company will account for share of profit from investment in associates. Question two Preparation of consolidated statement by the parent company According to international ...
Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:

Other Topics:

  • Public Budgeting
    Description: Public Budgeting Accounting, Finance, SPSS Research Paper...
    1 page/≈275 words| 1 Source | APA | Accounting, Finance, SPSS | Research Paper |
  • A Concept Of Accounting And How Is Applied In Professional Life
    Description: The research paper is about the concept of accounting and how is applied in professional life. According to Martin and Mary Kelly, the measurement of intangible assets has been the main areas of financial reporting....
    2 pages/≈550 words| 2 Sources | APA | Accounting, Finance, SPSS | Research Paper |
  • The Earnings' Management Of A Firm: Dependent & Independent Variables
    Description: How the Household Ownership Controls the Association between the Financial Knowledge of the Audit Committee and the Earnings’ Management Accounting, Finance, SPSS Research Paper...
    11 pages/≈3025 words| 27 Sources | APA | Accounting, Finance, SPSS | Research Paper |
Need a Custom Essay Written?
First time 15% Discount!