Accounting Financial Analysis JB Hi Fi Limited

Question: Discuss about the Accounting Financial Analysisfor JB Hi Fi Limited. Answer: JB Hi Fi Limited one of the best retailers that operates in Australia and New Zealand. The organization is specialized in consumer goods, video games, DVDs, CDs and others[1]. It has been seen that JB Hi Fi Limited is one of the fastest growing companies in these two countries. In case of the equity of the organization, there is a massive growth in the equity of the company. In the financial year 2016, the company has witnessed a 11.5 percent growth in earnings per share. As pre the consolidated balance sheet of JB Hi Fi Limited for 2016, it can be seen that total equity of the company in 2016 is $ 404,702,000 as compared to $ 343,479,000 in 2015. Hence, it can be seen that there is a growth in the total equity of the organization. The total equity of the group is divided into three categories. They are Contributed Equity, Reserves and Retained Earning. In the year of 2016, the amount of contributed equity is $ 49,264,000 as compared to $ 56,521,000 in 2015; the amount of Reserves in 2016 is $ 27,140,000 as compared to $17,636,000 in 22015 and the amount of retained earnings in 2016 is $ 328,298,000 as compared to $ 269,322,000[2]. It can be seen that there is growth in both reserves and retained earnings except contributed equity. In the consolidated financial statement of JB Hi Fi Limited, all the information are given about the issue of shares in the current year that is 2016 along with the issue of shares in the previous year that is 2015. As per the consolidated financial statement of JB Hi Fi Limited for 2016, the opening number of shares on 1 July 2015 was 98,989,901 and the amount was $ 56,521,000. In the year of 2015, the total number of issued shares under the share option plans was 671,849 and the value was $ 5,955,000. In the same financial period, the number of share buy-back was 714,441 and the value was $ 13,181,000. On 30 June 2016, the closing number of shares were 98,947,309 and the value was $ 49,264,000. Hence, from the above discussion, it can be observed that JB Hi Fi Limited has issues 671,849 number of shares during the past financial year and the amount was $ 5,955,000. Ordinary shares refer to those shares that entitle the shareholders to get dividends based on the fortune of the organization[3]. The consolidated financial report of 2016 of JB Hi Fi Limited contains all the information about the ordinary shareholders of the company. According to the financial report of JB Hi Fi Limited of 2016, the company has 98,947,309 fully paid ordinary shares. Hence, the total number of ordinary shareholders at the end of the year 2016 is 20,156. As per the financial report, there are five categories of holding of the shares. They are 1-1000 shares, 1001-5000 shares, 5001-10000 shares, 10001-100000 shares and 100001 and over. The number of shareholders in each slots are 14655, 4825, 419, 225 and 320 respectively[4]. Bibliography "Annual Report 2016". in , , 2017, https://www.jbhifi.com.au/Documents/2016%20JB%20Hi-Fi%20Annual%20Report_ASX.pdf [accessed 20 January 2017]. "JB Hi-Fi | Australias Largest Home Entertainment Retailer". in , , 2017, https://www.jbhifi.com.au/ [accessed 20 January 2017]. 'ordinary Share',A Dictionary of Business and Management,(2016), . 'Preliminary 2016 JB HiFi Ltd Earnings Call - Final',Fair Disclosure Wire,(2016), .