This organization is a retailing store for middle target market segment with locations across Australia, New Zealand as well as South Africa. The products of the company are inclusive of clothing wear for the women along with the footwear and associated accessories. The organization further offer clothing for men and their footwear as well as accessories. This product mix entails additional clothing for children, furniture and homeware. The company’s originally started in the year 1974 and now has more than 10000 employees. According to its website, the key holding organization for this firm is Woolworths holding. The answers are given as below:
The income statement deduction for the company as per its income tax expenditure shown in annual report is such that it will be included in the parent company income statement. This is due to the fact that all shares are held through parent organizations and therefore every investment within the firm will be accountable under parent company. The key expenditure included costs of the store and expenditure from operations. All such expenditures are counted for the parent company holding. This in turn helps in avoiding taxes in the complete sense to the parent organization along with parent organization.
The complete equity of the firm in the year 2013 was at 236709000 AUD and this was lesser in the year of 2012 since it was merely around 9462900 AUD. The key component is equity contribution and profit retention. The profit retention was for 65812000 AUD in the year 2013 highly enhanced from that of 2012 which was at 24663000 AUD. The complete profit has been showcased within the changes statement in equity. This took place as the profit retained for the company after payment of equity dividends preferred is not similar to the brand of country road. For both, the stakeholders are distinct and therefore it cannot be similar for both situations. The parent organization has distinct shares and therefore only the accumulated shares are profit retained.