Question

In: Accounting

Kathmandu Holdings Limited is a public company with shares listed on the Australian Securities Exchange. Kathmandu...

Kathmandu Holdings Limited is a public company with shares listed on the Australian Securities Exchange. Kathmandu Holdings Limited is a transnational chain of retail stores, selling travel and adventure outdoor apparel and equipment. Kathmandu is a retailer of clothing and equipment for travel and adventure in New Zealand and Australia. Kathmandu Holdings Limited have released their 2019 Business Sustainability Report, which contains information about the company’s corporate social responsibility (CSR) activities.

The following information has been extracted from the 2019 Business Sustainability Report of Kathmandu Holdings Limited.

“Between 8 January and 12 February, an unidentified third party gained unauthorised access to Kathmandu’s website. During this process, the third party may have captured customer personal information and payment details entered at checkout for potential fraudulent use. As soon as we became aware of this incident, we took immediate steps to confirm that our online store and our wider IT environment were secure. After this, we worked closely with leading external IT and cyber security consultants to fully investigate the circumstances of the incident and confirm which customers were impacted. Kathmandu proceeded to roll out a global notification campaign to directly notify 19,726 potentially affected customers and 24 regulators/law enforcement agencies in 93 jurisdictions.”

For the CSR activities outlined above you are required to:

(i) Identify which CSR motivation would most likely apply to explain Kathmandu’s’ decision to disclose that information, (1 mark) and

(ii) Explain how the information disclosed applies to the CSR motivation you have identified.

Solutions

Expert Solution


Related Solutions

Maple Leaf Holdings Limited (“ML”) is a company listed on Hong Kong Stock Exchange. Together with...
Maple Leaf Holdings Limited (“ML”) is a company listed on Hong Kong Stock Exchange. Together with its subsidiaries, ML is engaged in the manufacturing and trading of various candies and chocolates in Hong Kong and the Mainland China. ML sells a wide range of products, from ordinary to high-end. Ordinary products targeting the mass consumer are sold to supermarkets and convenience stores. For high-end products, sales are made to luxury restaurants and hotels. ML also operates its own retail outlets....
Caring for Kids Ltd (CFK) is listed on the Australian Securities Exchange. The company provides childcare...
Caring for Kids Ltd (CFK) is listed on the Australian Securities Exchange. The company provides childcare services for pre-school children. CFK has undertaken significant expansion of its operations over the past two years. This strategy has resulted in the acquisition of a total of 200 new centres with childcare licences in Australia, New Zealand and the Page 259 United Kingdom. The expansion strategy has been funded mainly from borrowings that have been sourced in both local and foreign currency. CFK’s...
You work for an international gas exploration company whose shares are listed on the Australian Securities...
You work for an international gas exploration company whose shares are listed on the Australian Securities Exchange. Recently the company made an application to the New South Wales government to commence coal and gas exploration operations in the Hunter Valley, New South Wales. Therefore, the company is keen to manage its stakeholders to ensure that the exploration licence is granted and there is no negative publicity associated with the operation. Required (a) Identify four stakeholders the company needs to consider....
XYZ LIMITED The following relates to XYZ Limited, a company listed on the London Stock Exchange:...
XYZ LIMITED The following relates to XYZ Limited, a company listed on the London Stock Exchange: £m Assets Non-current assets 107.59 Current assets    18.00 Total assets 125.59 Equity and liabilities Ordinary shares, nominal value 50c 40.00 Retained earnings    26.00 Total equity 66.00 Non-current liabilities 7% bonds, redeemable at par in seven years' time 35.00 Medium term bank loan    17.59 Current liabilities      7.00 Total equity and liabilities 125.59 Other relevant information: Risk-free rate of return                   2% Average...
Conglomerate public limited company is a listed company that operates in the building and manufacturing industries....
Conglomerate public limited company is a listed company that operates in the building and manufacturing industries. During the last Annual General Meeting (AGM), the company passed an ordinary resolution to remove its external auditors for non-performance and impairment of independence and objectivity. At the same AGM, the shareholders of Conglomerate public limited appointed your firm (Raven & Co) as its next auditors after a competitive tendering process. Required: a. As the audit engagement partner of Raven & Co, draft a...
During 2020, Financial Holdings, a public company, purchased equity securities for trading purposes. At December 31,...
During 2020, Financial Holdings, a public company, purchased equity securities for trading purposes. At December 31, 2020, the securities for Financial Holdings were as follows: Security Quantity Cost Market Value Sabo common shares 1,000 $20,000 $18,500 PYK $1.50 preferred shares 2,000 34,000 34,500 Total $54,000 $53,000 The following transactions with respect to Financial Holdings’ investments occurred during 2021: Jan. 15 Purchased 1,500 common shares of Hazmi for $20.00 per share. The shares are designated as fair value through other comprehensive...
Woodside Global Trading Limited, a company listed on the Roman Stock Exchange, is a trading and...
Woodside Global Trading Limited, a company listed on the Roman Stock Exchange, is a trading and investment entity. The company trades exclusively in golf equipment, and invests in property and other firms. Woodside Global Trading Limited have just engaged you as their external accountant to assist in the preparation of the entity’s 2025 financial statements. The financial period of the company is from January 1 to December 31. The company has provided you the following list of accounts, and the...
The following extract is taken from an announcement released to the Australian Securities Exchange by the...
The following extract is taken from an announcement released to the Australian Securities Exchange by the Australian Agricultural Company: AACo announced today its trading results for the three months to 30 September 2003 (Q1 FY04) in which unaudited revenue was $22.1 million from cattle sales equivalent to 12.6 million kilograms. Compared to the same period in 2002, revenue decreased 14%, while sales volume increased 21%. Earnings before interest and tax (EBIT) for the three months to 30 September 2003 was...
11) You are analyzing the stock of Ansell Limited (Australian Stock Exchange: ANN), a healthcare company,...
11) You are analyzing the stock of Ansell Limited (Australian Stock Exchange: ANN), a healthcare company, as of late June 2008. The stock price is A $ 9.74. The company’s dividend per share for the fiscal year ending 30 June 2008 was A $ 0.27. You expect the dividend to increase by 10 percent for the next three years and then increase by 8 percent per year forever. You estimate the required return on equity of Ansell Limited to be...
Question 2: Porter, a public limited company, is the parent of a listed group of companies...
Question 2: Porter, a public limited company, is the parent of a listed group of companies which have a year end of 30 April 2020. Porter’s functional currency is the pound (£) and presents its individual and consolidated financial statements in £. The statements of financial position for two entities as at 30 April 2020 are presented below: Porter Belobe £000 C'000 Non-current assets Property, plant and equipment 15,025 7,234 Investment in Belobe at cost 9,150 24,175 7,234 Current assets...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT