Two-page report if an aggressive takeover should occur on Fortescue Metals Group Ltd (FMG)
TABLE OF CONTENTS World Mining Economy 1 Australia Mining Economy 1 Mining Industries 1 Competitors 1 Mineral Resources Rent Tax (MRRT) 2 Fortescue Metals Group Ltd (FMG) 2 Recommendations 2 Appendices 3 Appendix A: Executive Summary 3 Appendix B: Introduction 4 Appendix C: Mining Industry Economy 5 C1. World Economy 5 C2. Australia Economy 7 Appendix D: Mining Industry 16 D1. Overview of Australia Industry 16 D2. Overview of Brazil Industry 20 D3. Overview of India Industry 22 D4. Overview of China Industry 23 D5. Global Competitors 25 D6. Area Competitors 29 Appendix E: Mineral Resources Rent Tax 37 Appendix F: FMG Company Summary 39 Appendix G: Conclusion 51 Appendix H: Bibliography (APA Style) 52 Appendix I: Abbreviations, Acronyms and Glossary 55 World Mining Economy The world's mining industry is recovering quickly after the 2008 global financial crisis as there is high demand for resources in growing economies like China and India. There is significant rebound in commodity prices and corporations experienced major recovery in 2009 after big losses in 2008. There will be growth on an average of 6.8 percent over the coming five years despite that large investments into mining companies have been postponed ever since the financial crisis and have yet to pick up, as they will have to cope to keep up with global future demands. Australia Mining
Value Chains Versus Supply Chains
-------------- Eindconcept ---------------- december 2005 Evaluatie HERMEZ Inhoudsopgave Samenvatting 5 . Inleiding 1.1 Achtergrond 9 1.2 Hermez in het kort 9 1.3 Opzet van de evaluatie 13 2. De huidige economische structuur van Amsterdam 2.1 Productiestructuur 14 2.2 Vestigingsklimaat 18 2.3 Organiserend vermogen 20 3. Veranderingen in de economische structuur verklaard 3.1 Determinanten van economische verandering 22 3.2 Afstemming Hermez-beleid op exogene trends 24 3.3 Uitwerking per speerpunt 25 4. Conclusies en aanknopingspunten voor toekomstig beleid 4.1 Procesmatige uitvoering van Hermez-bijdragen 53 4.2 Overall oordeel effectiviteit Hermez 54 4.3 Opmaat naar een nieuw beleid 55 4.4 Follow-up Hermez als instrument 61 Bijlagen: SWOT uit Hermez 63 Speerpunten van beleid en projecten voor de periode 2002-2006 in Hermez 65 Stand van zaken van de projecten naar speerpunt 66 Samenvatting Achtergrond Hermez is het Beleidsprogramma versterking economische structuur van de gemeente Amsterdam voor de bestuursperiode 2002-2006. Met het oog op het naderende einde van deze bestuursperiode, heeft de gemeenteraad gevraagd om een evaluatie van Hermez. Als uitvoerder van Hermez heeft Economische Zaken/Amsterdam aan dit verzoek gehoor gegeven. In deze samenvatting zijn de belangrijkste resultaten van de evaluatie opgenomen. Kerncijfers Hermez Hermez
PFI IMPORTANTS
Q. 6 - Explain what you understand by the Private Finance Initiative. Evaluate how successful it has been in the case of the Skye Road Bridge, using cost-benefit analysis. It's a dream - going to work, on a train that you know will be there on time, taking a trip to the A&E at your local hospital knowing that you wont have to wait for more than 4 hours until you are seen. Waiting one year for an operation, a waiting list on the NHS of one million (UK pop is approximately 60m as at June 2002). Does this seem far-fetched? Ludicrous? Well it does exist - just not in the UK. The UK is one of the richest countries in the world, especially with the current decline in the global economy. We are one of very few that is managing to keep our heads above water. So why can't our government deliver these public services that have been promised, in this and more or less every election speech we have had. The Chancellor has pledged hundred of billions of pounds to build the public sector: £180bn into transport alone, and we are all too aware of the disaster of our railway network. I work in the public sector - for the local government, and I know why Tony Blair admires entrepreneurs like Richard Branson so much - he gets it done! Our office has been waiting for a scanner system to upload our documents for two years. If this were the Virgin Offices they wouldn't wait more than 2-3
An Analysis Of harmonization issues of accounting standards
"An Analysis of the Harmonization issues of CAS and IFRS Critical study of A-shares and B-shares issued in Stock Exchange By Listed Companies" The dissertation for MSc Accounting and Finance The University of Northampton Northampton Business School Tutor: Mike Eade. Executive Summary In the era of globalization with open worldwide economic system, cross-border economical activities are raising day by day. Such increased level of economic activities, is a reason to motivate the harmonization amongst the countries worldwide. In beginning of 2005 Australia, EU had introduced IFRS, and other countries like Russia , New Zealand had also announced steps towards adapting the IFRS by different means,, which had swept through out globally towards international harmonization of various accounting Standards. At the same period of time, it's also can be noticed that each country is paying attentions to study carefully towards the harmonization and coordination of the differences between national and international accounting standards. It is noticeable that, the harmonization among the accounting standards are getting irresistible trend as China is getting involved the international economic system, increasingly. Both in professional and academic sphere, harmonization of Financial Reporting Standard (IFRS) and China Accounting Standard (CAS) are catching a major attention
When I met Mr. P.N. Sharma, Chief Manager, Allahabad Bank, Rajmahal Road, Baroda office, for the purpose of summer project he wanted me to go for credit policy evaluation and formulating an integrated credit policy model for the bank.
PROLOGUE When I met Mr. P.N. Sharma, Chief Manager, Allahabad Bank, Rajmahal Road, Baroda office, for the purpose of summer project he wanted me to go for credit policy evaluation and formulating an integrated credit policy model for the bank. I suggested that carrying out such a task within a period of 8 weeks would not yield desired results. The evaluation carried out would at best remain on paper. So we decided that the process could be broken down in two parts (this explains the long term and short term objectives - see executive summary) : firstly, understanding the current methodology being adopted for sanctioning of loans, formulating a rough credit policy model and then finally developing an integrated credit policy model, encapsulating all the parameters of a sound credit policy system. CH.1 EXECUTIVE SUMMARY OBJECTIVE: The objective of the project can be best summarized by breaking it into long term objective and a short term objective (refer prologue). The short term objective is what has been fulfilled for the current purpose. Long Term Objective: " To develop an integrated 'objective' credit policy model." Short Term Objective : " To gain an insight into the existing credit policy for working capital finance of Allahabad Bank by working on 'live projects' of the bank and formulating a ready to use credit policy policy model for working capital finance."
Working Capital Management
. Executive Summary Working capital is the capital required for maintenance of day-to-day business operations. The present day competitive market environment calls for an efficient management of working capital. The reason for that is attributed to the fact that an ineffective working capital management may force the firm to stop its business operations, may even lead to bankruptcy. Hence the goal of working capital management is not just concerned with the management of current assets & current liabilities but also in maintaining a satisfactory level of working capital. Holding of current assets in substantial amount strengthens the liquidity position & reduces the riskiness but only at the expense of profitability. Therefore achieving risk-return trade off is significant in holding of current assets. While cash outflows are predictable it runs contrary in case of cash inflows. Sales program of any business concern does not bring back cash immediately. There is a time lag that exists between sale of goods & sales realization. The capital requirement during this time lag is maintained by working capital in the form of current assets. The whole process of this conversion is explained by the operating cycle concept. This study gives in detail the working capital management practices in VIRGO ENGINEERS LTD. Management of each current asset, namely inventory, cash, accounts
Two-page report if an aggressive takeover should occur on BHP Billiton Ltd
Table of Contents Report Overview Of Mining Industries 1 BHP Billiton Group (BHP) 1 Competitors 1 Future Opportunities And Development 1 Tax Issue 2 Recommendation 2 Appendices Appendix A: Overview Of Mining Industries 3 Appendix B: BHP Business Summary 4 Appendix C: BHP Billiton Chronology 5 Appendix D: BHP Annual Summary 7 D1: BHP Annual Per Share Statistics 9 D2: BHP Annual Ratio Analysis 11 D3: BHP Financial Statement Figures and Analysis 13 Appendix E: BHP Customer Sector Group Summary 15 Appendix F: BHP Consumer Demand Growth 18 Appendix G: Competitors 22 Appendix H: News And Announcement 28 Appendix I: References 40 Overview of Mining Industries The worlds' mining industry revived, along with the escalating demands for resources in growing economies countries such as China, Brazil and India. Following the 2008 financial crisis; which affected the worlds' economy and many companies suffered losses during that period, China and India had begun to replenish their depleting supplies. As a result, there is a significant rebound in commodity prices from the record low financial crisis and spot prices of iron ore, copper and coking coal, which have increased in more than expected. In order to keep up with the worlds' future demands for resource materials, an average growth of 6.8 percent is probable five years down the road. Australia is regarded as the
Nissan Motor Co., Ltd. - company overview
Features This report is essential reading for any serious investor, providing comprehensive financial information on a company's performance, position and cash flows over the past 5 years, including interim data. This information, extracted from reported financial statements, forms the building blocks for any analysis undertaken by investment professionals. - Key Stats and Ratios including; * Valuation Ratios (e.g. Price/Earnings), * Per Share Data (e.g. EPS) * Profitability Ratios (e.g. Gross Margin), * Management Effectiveness (e.g. Return on Equity) * Financial Strength (e.g. Quick Ratio) * Dividend Information (e.g. Dividend Yield). - 5 years of history are available for most ratios (see above). - Share performance data and 12 month chart - Profit & Loss Account (5 years) - Balance sheet (5 years) - Cash Flow Statement (5 years) - Educational content: Definitions of ratios and guidance on using the data - Graphical analysis: All the key data in the report is charted Table of Contents I. Introduction Page 3 II. News * NSANY Overview Page 4 * Quick Financial Synopsis Page 5 III. Financial Statement * Annual Income Statement Page 6 * Annual Cash Flow Statement Page 9 * Annual Balance Sheet Page 11 IV. Financial Highlights * Growth Rate Page 14 * Revenue Page 16 * Earning Per Share Page 18 * Consensus
Financial statement analysis
TABLE OF CONTENTS TABLE OF CONTENTS 2 I. EXECUTIVE SUMMARY 4 II. AUSTRALIAN ECONOMIC OUTLOOK 5 GLOBAL ECONOMY 5 III. AUSTRALIAN RETAIL FASHION INDUSTRY OVERVIEW 6 INDUSTRY COMPOSITION 6 THE MICRO ENVIRONMENT 6 IV. COMPANY OVERVIEW: COLORADO GROUP LTD 7 V. COMPANY OVERVIEW: NONI-B LTD 8 VI. SHARE PRICE PERFORMANCE 9 VII. FINANCIAL ANALYSIS 10 I. DUPONT ANALYSIS 10 ASSET TURNOVER 10 PROFIT MARGIN 11 RATE OF RETURN ON ASSETS 11 LEVERAGE 12 RETURN ON EQUITY 12 II. SPREAD ANALYSIS 13 RETURN ON OPERATING ASSETS: 13 COST OF DEBT 13 SPREAD 14 LEVERAGE 14 RETURN ON FINANCIAL LEVERAGE 15 III. FINANCIAL PERFORMANCE ANALYSIS (PROFITABILITY) 16 NET PROFIT MARGIN 16 SALES CHANGE 16 CASH COVER 17 DEBT TO EQUITY 17 IV. FINANCIAL PERFORMANCE ANALYSIS (OPERATIONAL EFFICIENCY) 19 CURRENT RATIO 19 QUICK RATIO 19 VIII. WORKING CAPITAL / FUNDING GAP ANALYSIS 21 ACCOUNTS RECEIVABLE TURNOVER 21 INVENTORY TURNOVER 21 DAYS PAYABLE 21 FUNDING GAP 21 IX. CASH SUFFICIENCY ANALYSIS 22 DIVIDEND PAYOUT RATIO 23 X. CASH FLOW ANALYSIS 24 XI. TREND ANALYSIS 26 COLORADO 26 NONI-B 26 XII. HORIZONTAL ANALYSIS 27 XIII. LIMITATIONS OF ANALYSIS 28 XIV. RECOMMENDATIONS 30 APPENDIX I: SWOT - COLORADO 32 APPENDIX II: SWOT - NONI-B 33 APPENDIX III: MACRO-ENVIRONMENTAL ANALYSIS 34 APPENDIX IV: RATIO ANALYSIS 35 APPENDIX V: DAYS RECEIVABLE, DAYS INVENTORY, DAYS PAYABLE
Final Accounts
Task 1 Depreciation Depreciation is the term used when describing the decline in value of something. It also represents the ownership and consumption of something useful life. In accounting terms, this is limited to the value of a fixed asset during its useful life. Examples of fixed assets are fixtures & fittings, vehicles and equipment. The reasons for depreciation are: * New models - in today's modern world, there is new technology that compliment the new generation. This makes things more efficient. * Wear and Tear - equipment eventually gets worn out to an extent that it is no longer worth fixing and needs to be replaced (upgraded) in order to not be labelled as 'old fashioned'. Fixed assets are shown in the balance sheet and are valued as part of the business. To produce accurate accounts, a business must show that the value of fixed assets goes down over time. The purpose of depreciation is to match the cost of a fixed asset that has a life of more than a year to the revenues earned from using the asset. The reason why depreciation is used is to spread the initial price of the asset over its useful life. There are several methods that can be used when calculating depreciation. The calculations are normally based on either the amount of time passed or the amount of use of the asset. The first method is: Straight-line depreciation - this is the most simple