Financial Statement Analysis

Executive Summary

The prime reason of this report is to identify and analyze the three superior businesses in the supple financial industry and work out the strongest entertainer as an investment opportunity. ANZ Banking Group Ltd, Virgin Blue Holdings Ltd and Wesfarmers Ltd have been vying in the financial sector for over a century and these companies enjoy a high degree of emblem consciousness globally. I will contrast the investment opportunities in these companies utilising the following criteria: comparative statistics and relevant figures affecting probability, key ratios.

Financial Statement Analysis

Introduction

Wesfarmers Limited (WES) is a diversified group with operations in hardware retailing (Bunnings), supermarkets, liquor and petrol (Coles), discount department stores (Target and Kmart), office supplies and stationery (Officeworks), industrial supplies distribution, coal mining, LPG processing and distribution, fertilisers, chemicals and general insurance. It is Australia's largest retailer by sales revenue. Company History In 1914, the Western Australian Farmers Cooperative began serving the rural community. WES listed in 1984 and the company has continued to diversify its operations. In 1986, WES acquired fertiliser manufacturer CSBP & Farmers followed by Western Collieries in 1989. The Bunnings operation was acquired in 1994 and WES further expanded its coal interests with the 2000 acquisition of Curragh. In 2001, WES acquired hardware retailer Howard Smith. In Nov-07, WES acquired the struggling Coles group.

Virgin Blue Holdings Limited is an Australia-based company. The Company is engaged in airline industry. Its segments include short haul and long haul. Its operations use the short haul fleet of Boeing 737 aircrafts and Embraer 170 and 190 aircraft. This comprises Australian domestic, New Zealand domestic, Trans-Tasman and Pacific Island flying. Long haul operations use the Boeing 777 aircrafts. This comprises Trans-Pacific flying. As of June 30, 2010, its subsidiaries comprise VB Investco Pty Ltd, Pacific Blue Airlines (NZ) Ltd, V Australia Airlines Pty Ltd, Velocity Rewards Pty Ltd, Blue Holidays Pty Ltd, Virgin Blue International (Holdings) Pty Ltd, Virgin Blue International Airlines Pty Ltd and Virgin Australia Airlines Pty Ltd.

ANZ is one of the largest companies in Australia and New Zealand and a major international banking and financial services group, which is among the top 50 banks in the world.

ANZ world headquarters is located in Melbourne. It first opened as the Bank of Australasia in Sydney in 1835 and in Melbourne from 1838.

ANZ's impressive history stretches back over 170 years and involves dozens of different banks.

2009

$1 million donation to relief efforts in addition to cash assistance for customers affected by the Black Saturday fires in Victoria, $100,000 to support tsunami relief in the Pacific plus various customer assistance packages in response to natural disasters

Committed $8 billion in new lending to support small to medium-sized businesses

Eliminated foreign ATM fees for customers

Agreed commercial settlement proposal with Opes Prime liquidator

Named as an employer of choice for women for the seventh consecutive year

Officially opened new 6-star green rated global headquarters, located in Docklands Melbourne

Received CANSTAR CANNEX Innovation Excellence Awards for two of our latest market leading products, the ANZ Online Investment Account and SmartyPig

Sponsorships announced ...