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Financial Performance Analysis of Housing Agency of Jamaica Limited

This report analyzes the financial statements of Housing Agency of Jamaica Limited from FY2012/13 to FY2017/18. It assesses the agency's net profit/loss, liquidity profile, and working capital, highlighting the challenges faced and recommendations for improvement.

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Financial Performance Analysis of Housing Agency of Jamaica Limited

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  1. Housing Agency of Jamaica LimitedFinancial Statements AnalysisFY2012/13 to FY2017/18 Auditor General’s Department, Jamaica – Financial Statement analysis October 2018

  2. Background

  3. This report assesses HAJ’s financial performance, using information from the audited financial statements FY2012/13 to FY2017/18, annual reports and other supplementary information.

  4. HAJ’s main activities

  5. What we found

  6. Key Findings

  7. Net Profit/loss

  8. Housing Developments

  9. Liquidity Profile HAJ continually experienced liquidity constraints due to delays in completing projects, the sale of which are their major source of revenue. HAJ’s continually low current ratio showed that short-term assets were always inadequate to cover short-term liabilities.

  10. HAJ’s Working Capital

  11. What should be done

  12. Thank you

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