ACCT11059 Accounting, Learning and Online Communication S0179022

- Continuing operations - Discontinued operations	31,439 -	43,673 -	38,203 6,930	7,504 10,007

31,439

37,314

25,472

31,273

17,511

Non-controlling interests	12,779	14,478	18,201	21,586	1,086

Profit (Loss) attributable to equity holders	18,660	22,836	25,472	9,687	16,425

To combat a further loss in revenue the directors of the group have developed and manufactured a new high performance Celestion speaker range of coaxial drivers to open business opportunities, which will hopefully contribute to the revenue growth for this financial year. Smaller plants will also be integrating with larger factories and plans to build new plants to accommodate for additional production capacity for future developments are also expected to further enhance the competitiveness of GP Batteries. As well as, the company will continue to focus on and invest in new technology, the development of new technology, factory automation, building the groups brands and building on the groups distribution networks. All these combined will help the company's profits grow with little to no loss of proceeds according to the director's statement. That is, if the financial statements are a faithful representation of the groups economic and business realities and transactions. When I first looked at the financial statements I thought this will be so easy. It's all neat and tidy in columns and rows plus the calculations have already been done for me. All that was required of me was to grab the statement that I needed and to type in some numbers and voila it would all be done. Wasn't I clever? That way of thinking lasted approximately 2.3 seconds after I started perusing the statements. I must admit that I have been reading and flicking through the statements for the better part of four hours and I'm still not sure what I'm looking at or how to interpret what I am seeing. I see large numbers that I can't comprehend are real financial figures. And then seeing all the words like revenue, administrative expenses, distribution costs, equity holders, exchange translation surplus, intangible assets and capital contribution by non-controlling interests just get my head spinning. I feel like by now I should be getting a grasp on what these words mean and understanding things such as the accounting equation, but alas I am not. I have read a lot of other students' blogs and I have found that some other students are in the same situation as myself while other students are seemingly just flying through this course and assessment with not a single issue. I have found that I have thoroughly enjoyed reading and interacting with other people on their blogs as well as my own, which is quite surprising considering how apprehensive I was feeling initially about creating a blog. The three blogs that I have enjoyed the most are:

- 1. One of the first blogs I read when I started this course was numbernerd by Jess. I remember thinking 'wow, another busy mumlike myself' and feeling like I wasn't alone in this . There was something about the way that Jess wrote that made me feel connected to her and she seemed to have a way with words that made me feel as if she could see what I was thinking. I found her blog to be quite soothing to look at, I only wish that she would write more on there. https://numbernerd16883126.wordpress.com