The reports of the company’s top officers present in narrative form the significant events of the year and their effects on the company. These pages also include reports on the prevailing risks and issues that…
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Both the Chairman’s Statement (CS) and the Chief Executive’s Review (CER) describe 2009 as a very difficult year. They both emphasized that the company’s loss before tax is a natural consequence of the drastic turnaround in the global economies. They also both affirmed the company’s commitment to do its part in combating climate change even if the prevailing adverse economic situation. They as well mention BA’s long-term goal of becoming a leader in the global arena of the airline industry.
The CS tackled specific issues that pertained not just to BA but to the entire airline industry of UK. The CS is written from a point of view that sees BA as a primary industry player with respect to the rest of the industry and the business world at large. It discusses the ongoing battles for government regulations that would be favorable for the industry and for BA, the current status of BA’s talks with other airlines regarding mergers and the general trend of the world’s airline industry. The CS also talks of matters that concern BA’s shareholders such as the decision to declare no dividends and to give no bonuses to senior management for the year.
In contrast, the CER covers more of BA’s internal issues. It talks of how BA’s implemented cost-cutting measures to combat ill effects of the economic slowdown and of how BA works on further improving its overall customer service to achieve even higher satisfactory ratings. It also talks of the management’s decision to give no salary increases to employees for the year.
The CFO’s Report contains information that a potential investor like Paul should be interested in. One is the basic earnings per share figure that is -32.6 pence; another is the reduction of BA’s other reserves by £988 million which will significantly reduce the company’s shareholders’ equity. The third is the recommendation of BA’s
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The formation of contracts and its legal effectiveness is a subject which has been critically reviewed in case law and statutes. A contract can exist even if it is oral or informal but in strict legal terms for it to be legally effective, certain criterion must be met.
In the UK, Energy Drinks have realized a growing market to £ 1.15 billion in 2011 (Eleftheriou-Smith, Loulla-Mae. 2012) and has been forecasted to grow up to £ 2.3 billion by 2016 (Fourteen19 2012). The newly discovered formula which will be under the brand name Super Health can be expected to soar to high revenue performance.
Generally, income is recognized as revenue when a company delivers its product or rendered service and receives payment for it. Under accounting principle of ‘revenue recognition’, revenue is recognized only under specific circumstances. According to International Accounting Standard 18: Income is defined as increases in economic benefits during the accounting period in the form of inflows or enhancements of assets or decreases of liabilities that result in increases in equity, other than those relating to contributions from equity participants.
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According to the regulation, the definition of cost includes all costs of purchase, costs of conversion and all other costs incurred by any firm in bringing the inventories to their personal location and condition. Inventories shall be measured at the lower of cost and net realizable value.
Table 1 shows the trend analysis of the major accounts of Best using 2003 as the base year. It should be noted that the company’s revenues grew strongly during the seven-year period at around 160%. However, this high improvement in
egates routine decisions to lower level managers, unburdening top level managers from making decisions that have minimal or quite insignificant implications to the organization. If this is being practiced by the fraternity that hosted the event, the analysis of the variance may
The analysis using appropriate ratios will be undertaken in the light of the general and economic and industry specific contexts. The companys ratios will be compared to its competitors in industry using averages available to enhance analysis. There is need to
These digital applications and contents are delivered and sold through Mac App Store, iTunes Store, iBooks Store and the App Store. Apple’s products and services include Apple TV, iPhone, iCloud, iPad, iPod,
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