AMA changes in the equity of the

AMA Group Ltd selected to assess
the changes in the equity of the company’s Annual Report for the year ended 30
June 2017 in comparison to the last financial year. AMA Group Ltd is an
Australian company that manufactures alloy frontal protection equipment for
SUV, 4wd, light or medium trucks, light commercial vehicles, distributes
electrical and cable accessories, it also offers vehicle panel repair services,
and solutions for the electrical, automotive, transport, mining, marine, and
other industries (AMA Group Limited, 2017). This report analyses the statement of changes in owner’s equity and
other financial statements to explain the changes in AMA Group’s equity
and its tax expenses in the past two years. It also describes AMA Group’s
deferred tax assets/liabilities, and any current tax assets or income tax
payable reported in the current financial year.

 

Changes in Each Item of Equity for Bingo’s over the Past Year

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AMA Group Limited consolidated
statement of changes in equity for the year ended 30 June 2017 analyses to
describe the articulating the reasons for the equity changes in the group.  AMA Group Limited consolidated statement of
changes in equity is shown in the below table that list each item of equity, which uses to assess the changes in each item
of equity over the past year. AMA Group has earned profits for the year
of $17,411,000 in 2017 that is much higher than profit of $7,187,000 in
2016; therefore the group has high retained earning (profit for the year) of $17,210,000 that changes in the equity in this FY (showed in the below
table). AMA Group has earned non control interest in profits
from the business in this financial year that also enhances the owner equity by
$201,000 (AMA Group Limited, 2017). AMA Group has earned a
non-controlling interest on acquisition of subsidiary ($30,000) that also
changes in equity over the last year.