Firm then presents the statement of changes of equity. In that too it clearly defines all the items required by the accounting standard like the dividends paid, share capital issued by the firm. It also presents the comprehensive income and expense in that section which affects the equity of the firm.
Firm then gives the balance sheet. Firm rightly classifies the assets and liabilities. In the assets it gives distinction between the current assets and the noncurrent assets and the also the same in liabilities. It mentions all the items required by the NZ accounting standard. In all the sections it clearly differentiates between the different types of assets and liabilities. Lastly it mentions the equity. In that too it clearly defines all the items (Fisher and Paykel Healthcare Limited, 2013).
Lastly it gives the cash flow statements. In the cash flow statement it uses the indirect method to obtain the cash flow from the operations. It divides the cash flow into three sections which are the cash flow operations, financing and also the investing cash flows. In all the sections of cash flow it has provided the required items and their amounts.
Firm gives the value of the cash flow on a net basis and gives the final cash flows. Since the firm receives cash flows from other nations and thus it needs to provide to foreign currency cash flows and this is visible in the cash flow statement where it separately shows the foreign currency cash flows. Firm also shows the non cash transactions of the firm which are shown as expense in the firm like depreciation. Dividends also form a cash outflow for the firm which needs to be shown. In addition to this firm shows separately the investment in subsidiaries and the income from the firms.
Lastly the firm gives the notes to the financial statements which help to understand the financial statement items. These notes contain more information about the financial items used in the financial statements and also it also gives the estimation or the assumptions used to arrive at the value mentioned in the financial statements (Fisher and Paykel Healthcare Limited, 2013).