Question: answer the given table based on the referrences THE A2 MILK COMPANY LIMITED References: https://www.asx.com.au/asxpdf/20220829/pdf/45dczz4srn33f5.pdf https://www.asx.com.au/asxpdf/20210826/pdf/44zqx1vz939ctf.pdf https://stocklight.com/stocks/au/consumer-staples/asx-a2m/the-a2-milk/annual-reports AccountingAdjustments DeferredTax 2021 Assets($M) = Liabilities($M) + Equity($M)

answer the given table based on the referrences

THE A2 MILK COMPANY LIMITED

References:

https://www.asx.com.au/asxpdf/20220829/pdf/45dczz4srn33f5.pdf

https://www.asx.com.au/asxpdf/20210826/pdf/44zqx1vz939ctf.pdf

https://stocklight.com/stocks/au/consumer-staples/asx-a2m/the-a2-milk/annual-reports

  1. AccountingAdjustments

  1. DeferredTax

2021

Assets($M)

=

Liabilities($M)

+

Equity($M)

Reported

Deferredtax

Adjusted

Table2:Accountingadjustmentremovingdeferredtaxliabilityandincreasingequity

2021

Assets($M)

=

Liabilities($M)

+

Equity($M)

Profit

Others

Reported

Assetimpairment

Adjusted

Table3:Deferredadjustmentincorporatingtheincomestatementeffect

  1. Provisions

2021

Assets($M)

=

Liabilities($M)

+

Equity($M)

Provisions

Other

Profit

Other

Reported

Provision

DeferredTax

Adjusted

Table4:Taxadjustmentforthe a2 milk company limitedfor2021

Ratios

Reported

Adjusted

Returnon assets

Debtto assets

Table5:Impactonratios in2021

2021

Assets($M)

=

Liabilities($M)

+

Equity($M)

Provisions

Other

Profit

Other

Reported

Opening

Reverse

Provision

DeferredTax

Adjusted

Table6:Taxadjustmentforthe a2 milk company limited

Ratios

Reported

Adjusted

Returnon assets

%

%

Debtto assets

%

%

Table7:Impacton ratiosin2021

2021

Assets($M)

=

Liabilities($M)

+

Equity($M)

Provisions

Other

Profit

Other

Reported

Opening

Provision

Adjusted

Table8:Taxadjustmentforthe a2 milk company limitedfor2021

Ratios

Reported

Adjusted

Returnon assets

%

%

Debtto assets

%

%

Table9:Impacton ratiosin2021

  1. AssetImpairment

2021

Assets($M)

=

Liabilities($M)

+

Equity($M)

Goodwill

Other

Profit

Other

Reported

Impairment

Adjusted

Table10:Assetimpairmentadjustmentforthe a2 milk company limited

Ratios

Reported

Adjusted

Returnon assets

%

%

Debtto assets

%

%

Table11:Impacton ratiosin2021

2021

Assets($M)

=

Liabilities($M)

+

Equity($M)

Goodwill

Other

Profit

Other

Reported

Opening

Adjusted

Table12:Assetimpairmentadjustmentforthe a2 milk company limited 2021

Ratios

Reported

Adjusted

Returnon assets

%

%

Debtto assets

%

%

Table13:Impacton ratiosin2021

2020

Assets($M)

=

Liabilities($M)

+

Equity($M)

Goodwill

Other

Profit

Other

Reported

Opening

-

Reversal

Adjusted

Table14:Assetimpairmentadjustmentforthe a2 milk company limitedfor 2021

Ratios

Reported

Adjusted

Returnon assets

Debtto assets

Table15:Impacton ratiosin2021

  1. TimingofRevenueRecognition

2021

Assets($M)

=

Liabilities

($M)

+

Equity($M)

Revenue

Expenses

Other

Reported

Receivables/revenue

Inventories/cost of

sales

DeferredTax

Adjusted

Table16:Timingofrevenuerecognitionadjustmentforthe a2 milk company limitedfor2021

Ratios

Reported

Adjusted

Returnon sales

%

%

Returnon assets

%

%

Debtto assets

%

%

Table17:Impacton ratiosin2021

2021

Assets($M)

=

Liabilities($M)

+

Equity($M)

Revenue

Expenses

Other

Reported

Adjustment

Opening

Reversal

Adjusted

Table18:Timingofrevenuerecognitionadjustmentforthe a2 milk company limitedfor2021

Ratios

Reported

Adjusted

Returnon sales

%

%

Returnon assets

%

%

Debtto assets

%

%

Table19:Impacton ratiosin2021

  1. ExpenseCapitalization

2021

Assets($M)

=

Liabilities($M)

+

Equity($M)

Capitalized

Other

Profit

Other

Reported

Capitalization

DeferredTaxation

Adjusted

Table20:Expensecapitalizationadjustmentforthe a2 milk company limited tfor2021

Ratios

Reported

Adjusted

Returnon assets

%

%

Debtto assets

%

%

Table21:Impacton ratiosin2021

2021

Assets($M)

=

Liabilities($M)

+

Equity($M)

Capitalized

Other

Profit

Other

Reported

Opening

Depreciation

DeferredTaxation

Adjusted

Table22:ExpensecapitalizationadjustmentforAristocratfor2021

Ratios

Reported

Adjusted

Returnonassets

%

%

Debtto assets

%

%

Table23:Impacton ratiosin2021

2021

Assets($M)

=

Liabilities($M)

+

Equity($M)

Capitalized

Other

Profit

Other

Reported

Opening

-

Depreciation

DeferredTaxation

Adjusted

Table24:Expensecapitalizationadjustmentforthe a2 milk company limited for2021

Ratios

Reported

Adjusted

Returnon assets

%

%

Debtto assets

%

%

Table25:Impacton ratiosin2021

  1. ValuingtheFirmUsingFreeCashFlowMethod

  1. Datacollectionandanalysis

2018

2019

2020

2021

2022

Terminal value

FCFF(AU$M)

PVfactorforFCFF

PresentValue(FCFF)

FCFE(AU$M)

PVfactorforFCFE

PresentValue(FCFE)

Dividendspaid(AU$M)

Table26:DataCollectionforFreeCashFlowAnalysis

Intrinsicvalue(AU$)

Equityvalue(AU$)

Valuepershare(AU$)

FCFF

FCFE

Table27:EvaluationfromFreeCashFlowAnalysis

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