presentation rmit accounting for sustainability 2 june 2014
DESCRIPTION
Business model, financial reporting, value creationTRANSCRIPT
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Integrated Reportingsome thoughts on what it may mean
for SME’s
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What is the purpose of Reporting?• Regulatory purpose– Compliance?– Meaningful information?
• Inform stakeholders– Investors – employees – clients – competitors ?– Potential investors?
• Wider community– What is of “general” interest?
• So what does that mean for an SME?
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Some numbers*
50 4 2
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Some more numbers**50 4 2
0%-5% 10%+ 25%+
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An example – the importance of reporting and governance***
Revenue $2.123m $2.654m $3.815m
Gross margin $.871m $.375m $.910m
EBIT $.185m $.650m $.525m
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The percentage of market value represented by physical and financial assets versus intangible factors, some of which are
explained within financial statements, but many of which are not.
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Alternate model
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Central themesBusiness model & value creation
8
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Business Model
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Relevance to an SME
• Meaningful reporting• A better understanding of capital and its
impact• Value creation (and dilution)
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Relevance to an SME
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Relevance to an SME
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The role of the profession?
• Beyond compliance• Beyond meaningful information• Contribution to the future of SME’s,
employment, innovation and the global economy
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Thank you