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Bhp The Company I Am Studying Is Essay

Bhp The company I am studying is BHP Billiton, the Australian mining company whose ADRs trade on the New York Stock Exchange under the symbol BHP. The following is an analysis of how its GAAP balance sheet would correspond to an economic balance sheet.

Cash, STI, Cash equivalents

Core Operations

Receivables

Core Operations

Inventories

Core Operations

Other Current Assets

Non-operating net assets

Net property, plant and equipment

Core Operations

Goodwill and other intangible

Non-operating net assets

Investments and advances

Non-operating net assets

Accounts receivable, non-current

Core operations

Deferred non-current accounts

Non-operating net assets

Other non-current accounts

Non-operating net assets

Payables

Debt claims

Long-term debt and capital leases

Debt claims

Deferred liabilities, non-current

Debt claims

Minority interest

Other capital claims

Provisions, long-term

Debt claims

Provisions, current

Debt claims

Current debt

Debt claims

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The statements are published in Australian GAAP, not U.S. GAAP. To determine the differences would definitely require a keen understanding of Australian accounting principles and the differences between those and U.S. GAAP. Some potential issues arise with respect to the valuation of undeveloped holdings. In the mining business, there are challenges with respect to valuing properties, because the price paid and the economic output can be quite different from one another. Further, the economic output is usually not known until development has begun, yet mining companies often own properties that are not presently in development. Thus, valuing assets at different stages of development is a challenge.
Furthermore, BHP Billiton's income…

Sources used in this document:
References:

MSN Moneycentral: BHP Billiton. (2013). Retrieved October 27, 2013 from http://investing.money.msn.com/investments/stock-balance-sheet/?symbol=U.S.%3ABHP&stmtView=Ann

BHP Billiton 2013 Annual Report. Retrieved October 27, 2013 from http://www.bhpbilliton.com/home/investors/reports/Documents/2013/BHPBillitonAnnualReport2013.pdf
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