Objective: This task requires you to prepare a report to evaluate information provided in the annual report of a chosen company listed on the Australian Stock Exchange (ASX). You will need to obtain the annual report for your company for the last financial year 2020/2021 which is WHC (whitehaven coal)

Your comments or evaluation of the annual report should comply with the requirements of relevant Australian accounting standards (AASBs). The report should address the points outlined below:

1. PPE. You should refer to the requirements of AASB 116 Property, Plant and Equipment and, AASB 136 (FP) Impairment of Assets [for for-profit entities] as the guideline of your report.

• Identify the PPE of the company by the end of financial year 2021 (2 marks)
• Determine the measurement of PPE in the chosen company (5 marks)
• Comment and discuss the depreciation method of your chosen company (10 marks)
• Whether there is impairment loss and how it is determined (5 marks)
• Comment on whether or not the disclosures of PPE in the annual report are sufficient for decision making (2 marks)
• Discuss how the choice of accounting policies impact on financial performance (3 marks)
• Discuss whether the chosen company provides sufficient information to investors regarding the valuation since CoVID-19. (3 marks)