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Interpret Financial Statements + Manage Financial Distress

Name: Interpret Financial Statements + Manage Financial Distress
Start: 2025-04-08T15:00:00+10:00
End: 2025-04-08T15:01:00+10:00
Location: In-person (Hobart) and Livestreamed

(CPD Guide: 2 PM, PS) Join the Apex Advisory Australia team and Jennifer O'Farrell, Barrister, Malthouse Chambers, when they conduct a double-header session on interpreting financial statements, and what to do when a company is in financial distress.

CPD: 2 points (PM, PS)
Format: Livestreamed and In-person (Hobart)
Recorded: Yes, subject to presenter consent

Interpreting Financial Statements

This session will cover the key concepts of understanding financial statements. Subjects to be covered include:

Navigating financial statements
Debt vs equity
Dividends test

Key takeaways

Understanding the basic structure of financial statements
Lease accounting, tax effect accounting, business combinations
Profitable vs liquid
Debt vs equity and why it matters
Dividends test and failure to comply

Managing Financial Distress

Identifying insolvency under s 95A of the Corporations Act
Pre-insolvency – how to engage safe harbour
Formal procedures and how to start them
Advice which can / can’t be given by a lawyer about insolvency
Evidentiary issues when trying to disprove insolvency

Key takeaways

Identifying insolvency under s 95A of the Corporations Act
How to engage appropriate procedures under the Corporations Act for clients nearing insolvency

Who should attend?
Lawyers interested in this topic and those practising in:

Commercial litigation
Family law
M&A disputes
Restructuring and insolvency
Intellectual property
General commercial practice

Presenters

Jennifer O'Farrell, Barrister, Malthouse Chambers. Ms O’Farrell joined the Tasmanian Bar in July 2023, after practising at Dobson Mitchell Allport and before that, at a national firm in Melbourne. She commenced her career as the Associate to Justice Middleton in the Federal Court of Australia. Jennifer has a broad litigation practice, including general commercial litigation, planning and administrative law and personal injury. She is on the Local Federal Court Users Group, and has recently been invited to join the Law Council of Australia's Class Actions committee, having been the junior barrister for the State on the Ashley Youth Detention Centre class action. She is also the Secretary and Treasurer of the Tasmanian Bar Council. Jennifer teaches the Civil Litigation course at the Tasmanian Legal Practice Course.

Anthony Hawkins is a Chartered Accountant with experience in providing a broad range of financial advisory services. Anthony has 12 years professional experience as both an audit and advisory practitioner specialising in medium to large private enterprise looking to transact, private equity owned companies, managed funds and junior listed entities. Anthony's industry experience includes property and construction, B2B services, manufacturing and agribusiness. Anthony is employed ay Apex Advisory Australia.

Tim Booker is Director, advisor, and business owner of Apex Advisory Australia. With a particular focus on assisting organisations facing financial or stakeholder difficulties, he helps navigate successful outcomes, bringing stakeholders on the journey. He has extensive experience in applying a commercial and pragmatic approach towards resolving operational and strategic issues. In recent years, Tim has worked on some of the largest restructures in Australia, including playing a senior role in the successful restructure and sale of Virgin Australia which went on to win the Global Turnaround of the Year award. Other recent engagements include lead advisor in a private hospital turnaround, lead transaction advisor to one of Tasmania’s largest trades businesses, and helping lead the successful turnaround and merger of a large Aged Care provider. Tim holds a Masters of Business Administration from UNSW, and has completed the Company Directors Course with the Australian Institute of Company Directors.

Location

In-person (Hobart) and Livestreamed
The Law Society of Tasmania, 28 Murray Street, Hobart Tas 7000

Contact Details

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Interpret Financial Statements + Manage Financial Distress

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