Financial Service
Financial Services plays a significant role in contributing to 1.5% Australia national sales and service income and employed 1.4% workforce in Australia
How ALL can help
Financial Services industry contributed $73.7bn sales and service income by the end of 2023 and EBITDA reached $14.4bn. The total industry value added was about $39.7bn in 2023 and generated average 25.3% profit margin. For each person employed within the industry, the person contributed average $409.9 thousand sales and service income and added value to the industry at $220.7 thousand in 2023. 81.2 percent number of businesses made a profit or broke even. The finance industry was previously characterised by record-low interest rates, but the high inflation prompted the Reserve Bank of Australia (RBA) to hike the cash rate from May 2022 onwards. This circumstance has helped financial institutions to generate higher margin. The introduction of the Term Funding Facility also provided financial institutions access to cost-effective funding, contributing to their profit margin in recent years. The rising competition from Fintech firms has forced the competitors to be more innovative and created better payment and lending solutions. New South Wales and Victoria are home to the nation's four largest banks. The level of financial activity and client businesses in both states make it very attractive to the investors. ALL has been a strong supporter of Australian banking and capital market, working with clients across its value chain to help its successful establishment in the industry.
Creating Value
-
Business Valuation
-
Advising on service and treasury risk management
-
Advising industry and government regulation change
-
Facilitating commercial funding to expand business
-
Developing strategy to support business growth
-
Applying the financial service and instruments accounting standards (AASB2 - Share-based payment, AASB7 - Financial instruments: disclosures, AASB9 - Financial instruments, AASB12 - Fair value measurement, AASB132 - Financial instruments: Presentation, AASB139 - Financial instruments: Recognition and Measurement)
-
Tax planning and compliance to ATO
-
International tax and transfer pricing
-
Future-proofing your business by helping you to put ESG at the core of your purpose
-
Compilation of financial statements
-
Group budgeting and forecasting
Sub-sectors
This is a Paragraph. Click on "Edit Text" or double click on the text box to start editing the content and make sure to add any relevant details or information that you want to share with your visitors.
Financial Institution​
Partner
ALL can collaborate with an Australian national financial institution to increase its brand awareness and reputation on the market and identify the opportunities to receive government grants to support its international expansion.
​
ALL contributes its growth and expansion by advising on business models and strategy of scaling up business operation, preparing business valuation models for potential investors, training and advising on international accounting treatment and preparing tax planning and compliance for the government.
