Find your company time rolled around again. I looked at my company, K&S Corporation Limited, saw they were a transport services company, shrugged my shoulders and said ‘no idea’. I then moved onto my other three units for another couple of days before I decided to give step 3 some of my time.
Turns out, the company itself is pretty interesting. Founded as a partnership in 1945 , K&S (Kain and Shelton) commenced trading not long after world war II, supporting Mt Gambier and Victorian based businesses. They pioneered the use of refrigerated vans, opened their first Ampol Fuel agency and began depot operations in Melbourne in the 1950’s. In the 1980’s they went public on the ASX. From humble beginnings, K&S now have many other companies under their umbrella, one being K&S Bulk, located right here in my home town of Rockhampton and they are one of the leading national multi-modal transport and distribution services providers in Australia and New Zealand.
From a quick glance of their latest annual report, two things stick out for me. COVID-19 and its effects on 19/20 revenue, which will more than likely be something that is going to come up for a lot of people’s company’s this term. As well as the most recent change in management with the previous CFO ceasing his role in December 2019 and the current CFO being appointed in April 2020.
If anyone else has a transport company, I would be interested to hear your thoughts on what stands out for you in your company’s latest report.
I plan to dig quite a bit deeper this weekend and hopefully write another blog post later next week as I get further into steps 3-5
Cheers,
Lisa.
I'm accounting on you! 
Lisa, I have an engineering company and was not thrilled but i love a good challenge! Love your blog posts, the give a real sense of reality!
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Thanks Bec. I just got a notification that you have a new blog post and I was just about to head over to your blog to read it! My reality at the moment is this whole term is a challenge so far and it’s going to be worthy of a bloody big celebration at the end. I’m sensing my next blog post is going to be a long one 🤣
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Hi Lisa. Just dropping by and saying ‘hi’. You have a really good blog site, I think, and not as bad as you made it out to be. You have some good, concise and enjoyable posts here. Thanks for sharing about the interesting company that you have been assigned. My company is GrainCorp Limited, an agricultural supply chain business, dealing with grains (taking them from growers and delivering them to consumers/customers), as well as a processing business producing edible oils, feeds and foods. COVID-19 was not a big deal for my firm actually. They were an essential service, and had no change in demand for their products and services, and so their revenues were not adversely affected. My firm, like yours, now has a new CFO as well. In fact, they have a new lot of things! New risk management framework, new remuneration policy, new CEO, new talent on the Executive Leadership Team, new hygiene procedures, new product development, and a new innovative derivative financial instrument arrangement (the crop production contract) to smooth cash flows over time and provide financial support in the bad times. My firm is not a transport company, of course. However, it certainly does require transport, as part of their grain supply chain operations. They use both road and rail, as well as shipping across the waters to other countries. Bye for now, keep up the great work, Lisa, and take care. My best regards, Evan Spurway
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