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Financial Analysis on Severn Trent PLC, being Compared with United Utilities

Trend Analysis The annual reports indicate that Severn Trent has experienced a steady rise in revenue over the period, with the exception of 2006 to 2007, when revenue fell by a third. This fall in revenue was due to the demerger of Biffa Plc, the waste collection and management company; as well as the sale of Severn Trent Property and US Laboratories. In addition, over the period from 2004 to 2007, the company’s total equity fell by around 50% as […]

Finance Analysis of United Utilities and Bristol Water

Title: A comparative financial analysis of United Utilities and Bristol Water to determine who is in the financially healthier position – focusing on the interpretation of the figures (what they mean now and in the future) and interpretation (what they mean now and for the future) of key ratios applied. Financial Health A company’s financial health is defined as the state of its finances at a particular time. It is measured by taking a snapshot of its assets and liabilities […]

EVALUATION of LLOYDS BANKING GROUP and ROYAL BANK of SCOTLAND BANKING

Purpose of selection- We selected the method of ratio analysis because it would give us a quantitative analysis of the performance of two banks over a period of 5 years. And the analysis of the performance with the ratios will lead us to a meaningful conclusion. Ratios calculated: Profitability Ratio – It tells us that how well the bank has been in generating profit through its operations. Asset Utilisation – It shows the expertise of the banks in generating sales […]

Disputes between the ATO and the Taxpayer

Background The background in this case is talking about the global financial crisis (GFC), the Australian economy is being downturn, and Australian Taxation Office has an increment of the tax debt, from $16.6 billion to $17.7 billion in during the 2011 to 2012 period. The Inspector-general of taxation (IGT), Mr Ali Noroozi who has an announced his the new work program to improving the tax administration – community- based consultation process. The stakeholders feeling dissatisfaction on that tax administration, as […]

Critical Evaluation of ROCE as a Performance Metric on Culharb Plc

Return on capital employed (ROCE) is a measure of performance where it shows the return on every penny invested by an organisation. It is the ratio between the wealth generated to the wealth invested. The simplest way of calculating it is taking the ratio percentage of operating profit before tax and interest against the capital employed i.e. ROCE = Operating profit before tax and interest/ Capital employed*100 Given that short-term profit is not being generated at the expenses of long […]

Evaluating the Financial Results Example for Free

Over the past year, both the retail investment and occupational environment have been more challenging by the twin impacts of austerity at home and the debt crisis in Europe (British Land, 2012). General retailers, who sell a wide variety of goods to the public, are now facing a historically difficult situation due to the retail market in the UK continues to undergo significant change. Based on their 2011 and 2012 annual reports, five British companies operating worldwide will be analysed […]

The Toys and Games Industry in the UK Example for Free

Games Workshop PLC (GAW) and Hornby PLC (HRN) are UK based companies operating in the Toys and Games Industry under the leisure market. HRN is a UK brand leader in the model railway hobby. Frank Hornby, the company’s founder, established ‘Meccano Ltd’ in 1907 which become the classic toys of all time. In 1920 it introduced the toy trains and thereafter, the innovations followed. In 1986 it became a public company and now it is just called ‘Hornby’ and rightly […]

Concept of Maximising Shareholder Wealth Example for Free

Maximizing share holder wealth is a concept in which optimally increasing the long-term value of the firm is emphasized. Milton Friedman recipient of the Nobel Memorial Prize in Economic Sciences is often quoted as saying “The business of business is business” He actually did say “”there is one and only one social responsibility of business-to use it resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is […]

Sharia Banking Tackle Todays Global Financial Crisis Example for Free

Today’s global financial crisis has left many wondering where the faults actually lie. Indeed, there are many contributing factors that can be highlighted. However, in a more positive approach, it is argued that Sharia banking covers principle areas that are in almost complete opposition to conventional banking. For example, institutions do not pay interest, and they require transactions to be reinforced by real tangible assets. The conventional banking system in place has offered a suitable medium for trade over many […]

Capital Structure is Irrelevant for Studying Corporate Finance Example for Free

What is capital structure? Capital structure is the mixture of sources of funds in cluding long-term debt, specific short-term debt, common equity and preferred equity but excluding all short term credit.. Leverage firm means that firm uses to finance its assets. A firm with a lot of debt in its capital structure is said to be highly levered. A firm with no debt, it is called unleveraged. Difference industies have difference capital structure. Optimal capital structure is how to balance […]

Valued Historical Cost Example for Free

It is a system of accounting which is based on the principle that assets should be valued at historical cost or historical cost is the original monetary value of an economic item. Historical cost is based on the stable measuring unit assumption. In some circumstances, assets and liabilities may be shown at their historical cost, as if there had been no change in value since the date of acquisition. The balance sheet value of the item may therefore differ from […]

A Study on Financial Performance Example for Free

Kennedy and Muller, has explained that The analysis and interpretation of financial statements are an attempt to determine the significance and meaning of financial statements data so that the forecast may be made of the prospects for future earnings, ability to pay interest and debt maturines (both current and long term) and profitability and sound dividend policy. T.S.Reddy and Y. Hari Prasad Reddy (2009), have stated that “The statement disclosing status of investments is known as balance sheet and the […]

AN EXPLANATION of the THEORIES on CAPITAL STRUCTURE

Every organization has its financing strategies to operate their business. The term capital structure and leverage are the similar terms that how the investments should utilize to manipulate the assets and the whole business in the long run. The essay covers determinants of capital structure with the help of trade off theory (Kim,1978; Kraus and Litzenberger,1973;Miller and Modigliani,1963) , pecking order theory (Myers and Majluf,1984), agency cost theory (Jensen and Meckling,1976) and Miller and Modigliani theory which are significant to […]

Pepsi Co and Competitors Example for Free

In this report it has been critically done the analysis of financial statements of PepsiCo along with the comparison of close and distant competitors existing in the industry. In this report it has also been tried the way how to calculate financial statements ratios with definitions and their calculated ratios interpretations in an easy language to make this report easily understandable for any potential reader. I tried to explain how companies try to get tax benefits and the possibilities to […]

A Detailed Analysis of Golden Agri Corporation

In this project it is mentioned about Golden Agris background, the area in which it operates its competitive strength and its competitors. A detailed analysis of the company s financial analysis is showed through ratio analyses, which will help to asses Michael who is an investor whether to buy Golden Agri s share. A detailed analysis is showed based on company s last three year from 2006 to 2008 annual report, which will give useful information about company s current […]

A Critical Analysis of Risk Management at Financial Institutions

Financial institutions exist to improve the efficiency of the financial markets. If savers and investors, buyers and sellers, could locate each other efficiently, purchase any and all assets costless, and make their decisions with freely available perfect information, then financial institutions would have little scope for replacing or mediating direct transactions. However, this is not the real world. It seems appropriate to begin the discussion of the place of risk and risk management in the financial sector with the two […]

The Importance of Strategic Planning in Companies

For success in any growing business organisation, it is necessary to know where the firm is going and have a realistic vision for the future. Strategic planning gives the organization to have a road map and a direction to evolve over time in response to changing circumstances. It can be goal-based, scenario based, issue based or organic-based. The most common planning method used in most organisations is the goal-based strategic planning which revolves around the overall goal of the firm. […]

Performance Assessment through Financial Analysis – Eleven Barangays Case

PERFORMANCE ASSESSMENT THROUGH FINANCIAL ANALYSIS OF LOCAL GOVERNMENT’S FINANCIAL STATEMENTS: A CASE FOR ELEVEN BARANGAYS IN ILIGAN CITY ABSTRACT This study was conducted in order to evaluate the financial administration of local governments in Iligan City. CHAPTER 1 INTRODUCTION Along with the constant allocation of the government with substantial budget towards its local government units which will be used to the benefit of the general public is the need for these units to provide, in return, financial statements that will […]

PESTEL and SWOT Analysis of Malaysian Business

Introduction I have study the subject of business in context 4. I learned about the globalization. Globalization means the people, companies and governments are interaction and integration in different countries, a process driven by trade and investment and aided by information technology. The increasing of the international trade, financial transfers, and foreign direct investment, so that the economy is increasingly internationally interconnected. Everyday have about $3million in foreign exchange transactions happened in the world. Malaysia total trade in 2012 was […]

PESTLE Analysis of Tesco and Coca Cola

Tax policies: Tesco has to make sure that they are paying their taxes and making sure that their staffs are also paying their taxes. Trade restrictions: Tesco also have to make sure that they adhering to any trade restrictions in place in the United Kingdom. Economic climate: Because of the economic climate Tesco could be struggling to give out jobs to people which means less stores across the UK and even stores having the possibility of being closed down to […]

Impact of Economic Recession on British Manufacturing

Introduction Economy is the study of choice making by customers, business managers and government officials to attain their goals, given their scarce resources, in this era of globalization economy used to analyze real world development and productivity through interaction of buyers and sellers and cross border movement of goods, services, technology and capital. This movement caused by globalization and technology advancement in R&D increased the number of MNE manufacturing which I am going to analyze in this assignment through PEST […]

Determinants of Offshore Outsourcing Software

1.1. Determinants of offshore outsourcing software To evaluate location attractiveness for offshore outsourcing software, A.T.Kearney, a global management consulting firms annually ranked “Top 10 Best Consulting Firms” (Vault Consulting Rank, 2014) that focus on strategic and operational CEO-agenda issues, established the index metrics based on industry services and knowledge gained from client engagements over the past five years. Relying on the importance of location decision, A.T.Kearney decided the relative weights of each metrics. Financial factors constitute 40% in total weight […]

Analysis of Merger and Acquisition Performance

Chapter – 1 INTRODUCTION Background of the study Merger and acquisition is one of the most important phenomena to create a value for shareholders and for the company’s growth. This is not only been observed by organizations, but in accordance of political, professionals, media and individual economy considerably making more attention towards M & A. It is called as the most effective factor to consider as the integral part of long term business strategy for enhancing the corporate growth (Wijnhoven, […]

ANALYSIS the ROLE of HONDA and HONDA KINETIC

1. Globaliztion & international trade theories Explain Globalization is the process of creating relationships, interactions and integrate among the economies, societies, cultures, people, companies, and government of the different countries, a process driven by international trade and investment support by information technology. This process is influence on environment, on cultures, on economic development, international trade and human well being in the around world. As result of the globalization changes came into effect in various aspects; Economic (international trades) Political Cultural […]

An Overview of ABC Plc

Company Overview ABC Plc, a large multinational Oil and Gas Company, operates in USA, UK and Japan and its main activities are drilling, refining and distributing oil and gas. ABC Plc has not been making profits for the last 3 years in USA and Japan due to severe economic recession and management is planning to cease US and Japanese activities because of continuous loss. Current profit and loss account of the company performance reveals the following information. Above calculation of […]

An Accounting Case Study Analysis

Accounting The following Report Assess three different scenarios in terms of the question raised, and provide the detailed explanation as required in the questions. The cases deal with the Taxation and accounting in the UAE (Case 1), American Expats Warned against Tax non- Compliance (Case 2) and Emirati Government on Humanitarian Aid (Case 3). Case # 1: RAK Free Zone: Taxation and Accounting in the UAE Tax Laws in the UAE and the sources of Taxable and Non Taxable income […]

Malta Sustainable Destination Development

To understand what an exactly tourism management specialization is and have awareness what I am studying at school I had to first understand what is nowadays tourism and how to manage it. It is important for me that I have good understanding of what I am writing about and what is the area that I should base my project. Let me specify what tourism is and connected to that tourism management in order to continue and narrow down the research […]

Kautilya Arthashastra and War

CHAPTER – I INTRODUCTION 1. Arthashastra – Kautilya on War. Kautilya was a proponent of a welfare state but definitely encouraged war for preserving the power of the state. Kautilya’s Arthashastra is a book of ‘pure’ logic, not taking any religious aspect into account. It deals with the various subjects directly and with razor like sharpness. The Arthashastra totally contains 5363 Sutras, 15 books, 150 chapters, and 180 Sections. The 15 Books contained in the Arthashastra can be classified in […]

Cigarette Vending Industry | Marketing

The Effectiveness of Direct Mail on the Cigarette Vending Industry in the United Kingdom Irrespective of the mode and methods adopted for marketing, including direct mail, the cigarette vending industry continues to prosper not only in the United Kingdom, but also across the world. At the same time there is a continuous rise in the spread of a number of diseases directly related with smoking including chronic respiratory diseases, cardiovascular diseases and various types of cancers in turn leading to […]

Merger Wave

The American economy experienced two great takeover waves in the postwar period, first in the 1960s and the second in the 1980s. Both waves had a deep affect on the structure of corporate America. The main trend in the ’60s was diversification and conglomeration. In contrast the 1980s takeover reversed the previous process and brought US corporations back to specialization. In this respects, the last thirty years were a roundtrip for corporate America. This paper is an overview of the […]

Tax Essays