CSL 2019/20 Annual Report Essay Assignment
Question Description
Consider the CSL 2019/20 Annual Report.
Source 1: CSL Annual report 2019/20 https://www.csl.com/-/media/csl/documents/annual-report-docs/csl-ltd-annual-report-2020-full.pdf
Source 2: Report summary 2019/20 https://medialib.csl.com/-/media/shared/documents/results/2020-fy-announcement.pdf?la=enus&hash=6DC4210B71BD961AE0BD0E1514EE02E2FFAD9328
Source 3: Yahoo finance CSL historical share and dividend data https://au.finance.yahoo.com/quote/csl.ax?ltr=1
- a) The role of the Board of a company is to govern the company to increase shareholder (owners’) value. This means that they often have systems that align manager and shareholder interests.
From the Remuneration section of Director’s report from CSL provide one brief example of a method used that encourages CSL executives to also grow the shareholders’ wealth (remember to use in-text referencing).b) Based on the Note 11d which type of non interest-bearing debt is CSL primarily using to finance its operations? What are the risks and benefits of using this type of financing?
- c) CSL report all its economic activities in monetary terms. In which currency does CSL report all its transactions? How could exchange rates affect the financial position and performance and CSL’s financial statements.