Wednesday, 19 March 2014

Ready my firm's annual reports

Below are the links to Greencross Vet's annual reports:

2011: http://www.kvhvet.com.au/Docs/10-FINAL-REPORT-without-Appendix.pdf
2012: http://www.greencrossvet.com.au/Docs/21-Greencross-AnnualReport-2012.pdf
2013: http://www.greencrossvet.com.au/Docs/25-Full-Report-without-Appendix.pdf

Roughly over 100 pages each! A very tedious task to read each page, but lucky there is a contents page! A few key points that have stood out whilst reading these annual reports:


  • The revenue for the group reached its highest in 2013 ( $106.704 million), compared to the other years where is has not reached the $100 millions (2011: $61.216 million and 2012: $82.603 million). 

    As well as the increase of revenue, the net profit after tax also heightened as the years continued. The reports informed that in 2011,Net Profit After Tax equalled  $3.967 million; 2012: $4.859 million and 2013 to $6.385 million. 

    I know that these are only 2 highlights out of many, but these large numbers made me question why they were increasing each year. I did not know that members could play such a vital role in the financial gains of a company. The 2013 Annual Report states, 'Healthy Pets Plus members had reached 14,000 members within its first full 12 months. The Board is happy with the results achieved for the year and believe the company is well positioned to continue to deliver these kinds of financial results going forward.'  
      

1 comment:

  1. Hi ,I am interested your company annual report, especially about revenue ,in 2013 the revenue can reach $106.704 million, but in 2011 the revenue just can reach $61.216 million .So , what happen about your company's revenue, that is question that we can discuss . Maybe the company's or government's policy were changed

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