Country road是一家位于澳大利亚、新西兰和南非的中型服装零售商。公司生产女装、鞋饰、男装、鞋饰、童装、家居用品、家具。1987年和1988年，公司在澳大利亚证券交易所上市。公司成立于1974年，现有员工10000余人。根据网站显示，Country Road Limited的主要控股公司是总部位于南非的Woolworths holding Limited。2013年国家公路有限公司税前调整为6400万澳元。案例研究中给出的问题的答案用财务事实和论据来解释:
所示的国道股份有限公司年报中扣除的所得税费用将并入母公司伍尔沃斯控股有限公司的损益表中。这是因为所有的股份都是由母公司持有的，因此所有在country road limited的投资都是在母公司进行的。主要的费用是商店费用和经营费用。所有这些费用都将计入母公司。这将为总公司和乡村公路有限公司总共避税。
Country road is a middle market clothing retailer located in Australia, New Zealand and South Africa. The company produces women’s clothing, footwear & accessories, men’s wear, footwear & accessories, children’s clothing, homewares and furniture. In year 1987 and 1988, the company was listed in Australian stock exchange. The company was founded in 1974 and have more than 10000 employees now. As per the website, the main holding company for Country Road Limited is Woolworths Holding Limited based out of South Africa. The adjusted before tax for country road limited in 2013 was AUD 64 million. The answers to the questions given in case study is explained with financial facts and arguments:
The deduction in income statement of The country road limited annual report for income tax expenses shown will be incorporated to the income statement of parent company, Woolworths Holding Limited. This is because all the shares are held by the parent company and hence all investments in the country road limited are accounted in the parent company. The major expenses were for store costs and operating expenses. All these expenses will be counted to the parent holding company. This will avoid taxes in total to the parent company as well as for the country road limited.
The total equity in 2013 was AUD 236709000 while in 2012 it was AUD 9462900. The major part is contributed equity and the retained profits. The retained profits were AUD 65812000 in comparison to year 2012, where the retained profit was AUD 24663000. The total profit is described in the statement of changes in equity as the retained profit to the company after paying preferred equity dividends to the shareholders. In case of parent company or partnership, the allocation of the retained profit is not the same as the country road brand. The shareholders are different for both the company and hence it cannot be the same for both cases. The partnership or parent company have different shares and hence only those shares are accumulated as retained profit.