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I liked reading the annual report for Briscoes because it was very easy to read and as each report was not that long I found that I didnt get very bored which is what I expected. So overall I liked reading the reports as they were easy to understand which means that anyone would find it easy to read and understand.
-Bridget

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What we learnt from Reading the Briscoes Annual Report

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What we learnt from Reading the Briscoes Annual Report

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Brooke Bridges
I was also surprised at how brief and short the reports were and also how easily they could be read and interpreted. This is important for reporting entity as some users, such as potential employees and shareholders may not have a comprehensive understanding of accounting and its terminology. From reading this annual report I also now understand the importance for additional information (such as a content page and pictures) to be included as this helps ensure the enhancing characteristic of 'understand ability' is used appropriately.

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I found it interesting that the cash balances for Briscoes had increased to an extent that a distribution of cash back to shareholders was possible without impeding the Board’s conservative approach to funding and without being an impediment to the Group’s ability to take advantage of acquisition or expansion opportunities should they crystallise. This means that since Briscoes had a successful year, they could afford to pay their share holders properly with just using the money from the cash balances.

Elle

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How strong the NZ dollar is plays a part in the "margin opportunity" for importing products directly.

Inderpreet

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something which i found interesting was that the difference in amount for the group and parent in the financial statements.

the "group" entries includes all the companies consolidated which the Briscoes Group own while the entries under "parent" in the financial statements is only for the Briscoes Group Limited.

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I was quite surprised at how short the auditors report was, i was expecting a lot more about the authenticity of the statements and details of the statements.
I also learnt how effective  adding a website was for Briscoes, how much it added to their sales.

(this was from the auditors report page 48, and reading the managing directors review of operations page 4

Kendall

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In 2013, they launched their website for all three of the Briscoes brand. Also they opened two new stores.

Moreover, their sales revenue is also been increased by 3.35% comparing from previous year.
In addition, in 2013 their profit was $ 30.47 million and in 2012 it was $27.53 million.

Overall, they made really good progress comparing to the last year.

This all information, I get it from Chairman's review (Page  2) and managing Director's review(page  4)}

Gurwinder

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Explain how a fishing boat owned by Sanford Limited would produce future economic benefits.

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Explain how a fishing boat owned by Sanford Limited would produce future economic benefits.

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A fishing boat can be extremely useful as it provides a means of transport out into bodies of water which are not accessible by simply casting a rod from shore. This means the fishermen can go out into the greater fish populated parts of bodies of water enabling more fish to be caught enabling for fish to be sold, therefore increasing the future economic benefit of the business.
-Dylan

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What did we find out about the Annual Report (AR) of Briscoes.

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What did we find out about the Annual Report (AR) of Briscoes.