...to the annual report of T-Mobile in 2013, Cash provided by operating activities was $3.5 billion for the year ended December 31, 2013, compared to $3.9 billion for the same period in 2012. The decrease in cash flow provided by operating activities was driven by several factors. Selected Operational Data of T-Mobile from 2009-2013 Investor.t-mobile.com,. 2015. 'T-Mobile, Annual Report, 2013'. http://investor.t-mobile.com/Cache/1500059458.PDF?Y=&O=PDF&D=&fid=1500059458&T=&iid=4091145. The operating income, exclusive of non-cash items such as impairment charges and depreciation and amortization, declined compared to the same period in the prior year primarily as a result of decreases in branded postpaid revenues. Net changes in working capital decreased slightly due to increases in EIP receivables, offset in part by increases in accounts payable and accrued liabilities due in part to timing of vendor payments. Investor.t-mobile.com,. 2015. 'T-Mobile, Annual Report, 2013'.http://investor.t-mobile.com/Cache/1500059458.PDF?Y=&O=PDF&D=&fid=1500059458&T=&iid=4091145. Cash provided by operating activities was $3.9 billion for the year ended December 31, 2012, compared to $5.0 billion for the year ended December 31, 2011. The decrease in cash flow provided by operating activities in 2012 was driven by several factors. T-Mobile made payments of $193 million primarily for employee-related expenses as a result of the terminated AT&T transaction...
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...Annual Report Reports are among an organization’s most important communication tools. They appear in a variety of forms, carry out a number of functions, and ensure the efficient transfer of data (Hynes, 2011). The format of a report can be informal or formal. The more important the information is the more formal it is. One example of a report is the annual report. Annual reports are formal financial statements that are published yearly and sent to company stockholders and various other interested parties (Stittle, 2004). In this report will be a discussion of two organizations, AT&T and Verizon on their format and approach on their annual report. Differences in approach of each organization From reading AT&T and Verizon annual report both companies has a positive approach about their organization for 2012. Their order of information was a direct order by pointing their achievements first. They both started out with their financial highlights showing how well they have done from 2011 to 2012. With Verizon and AT&T report they used bullet points pinpointing there success of the year. Here’s an example of Verizon’s highlights, • $15.3 billion in free cash flow (non-GAAP) • 4.5% growth in operating revenues • 13.2% total shareholder return • 3.0% annual dividend increase Here’s an example of AT&T highlights, • We increased our quarterly dividend for the 29th consecutive year and paid out more than $10 billion in regular quarterly dividends...
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...Contents ANNUAL REPORT 2011 2 7 8 15 16 17 20 6 14 Notice of Annual General Meeting Corporate Information Corporate Governance Statement Statement on Corporate Social Responsibility Statement on Internal Control 24 26 27 87 92 25 Chairman’s Statement Corporate Structure 86 Financial Statements 91 List of Group Properties 94 Analysis of Shareholdings Proxy Form 19 Directors’ Profile 23 Audit Committee Report 2 UMS HoLDINGS BeRHAD (74125-V) ANNUAL RePoRt 2011 notice of ANNUAL GeNeRAL MeetING NotICe IS HeReBY GIVeN that the thirtieth Annual General Meeting of the Company will be held at Lumut 1 Room, Level 1, Vistana Hotel, No. 9 Jalan Lumut, off Jalan Ipoh, 50400 Kuala Lumpur on Monday, 26 March 2012 at 10:00 a.m. to transact the following business: Agenda 1. To receive the Audited Financial statements for the financial year ended 30 september 2011 and the Reports of the Directors and Auditors thereon. To approve the payment of Directors’ fees amounting to RM134,100.00 for the financial year ended 30 september 2011 (2010 : RM128,700.00). To declare a final dividend of 6% Gross (less Malaysian income Tax @ 25%) for the financial year ended 30 september 2011. To declare a special dividend of 4% Gross (less Malaysian income Tax @ 25%) for the financial year ended 30 september 2011. To consider and if thought fit, to pass the following resolution: “That Mr. Ng siow Hwa @ Ng Kok Hwa, who retires in accordance with section 129 (6) of the Companies Act, 1965, be and is hereby...
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...realizable value, market floor (net realizable value minus normal profit), and replacement cost. Then compare that medium number with the cost of the inventory. Under IFRS, one only needs to compare the market ceiling value with the cost of inventory. According to the 2013, AT&T includes its inventory in “other current assets” on the balance sheet, which are valued at the lower of cost or market. Telecom Italia lists its inventory as a line item under current assets. It also adopts lower of the cost or market to evaluate its inventories. It is a one-step test by simply comparing the market ceiling value and the cost of inventory. Telecom Italia wrote down by 4 million based on the adjustment to estimated realizable value of its fixed asset. Leases The guidance for distinguish operating and financial leases are similar under IFRS & GAAP. GAAP has a more detailed guidance for capital lease. They have dissimilarities for rules over sale-lease back. Telecom Italia should refer to IAS 17 for its lease reporting, while AT&T should refer to ASC 840 for its financial reporting. Capital lease is “finance lease” under IFRS. Compared to Telecom Italia, the capital lease of AT&T is not significant because of the strict rule for a lessor to claim a capital asset under GAAP. The accounting for the treatment of sale-lease back is slightly different. However, the two companies do not have much information about sale-lease back transactions. Pensions The primary...
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...KFC HOLDINGS (MALAYSIA) BHD 65787-T 1 KFC Holdings (Malaysia) BHd (65787-T) annual Report 2011 annual Report 2011 after 38 years of ‘Finger lickin’ good’, we have changed our tagline to simply ‘so good’. ‘so good’ reflects our commitment to product, place, people, price and promotion. ‘so good’ is that great experience of a good meal shared between family and friends. at KFC, it is all about building a brand that brings people together and creates that ‘so good’ moments. Thus, the choice of the cover illustrates ‘so good’ which is what the brand is all about. KFC Holdings (Malaysia) BHd (65787-T) annual Report 2011 2 Contents Shareholders’Overview Financial Highlights 6 notice of annual general Meeting 9 statement accompanying notice of annual general Meeting 14 Our Performance in 2011 Corporate statement 18 Review of operations 32 Reliable Corporate Citizen Corporate social Responsibility 48 The Corporation Board of directors 60 Top Management Committee 76 Head of division 77 shariah advisory Council 80 Corporate information 81 group structure 82 Accountability Corporate governance statement 84 audit Committee Report 93 statement on internal Control 97 additional Compliance information 100 Financial Statements directors’ Report 127 statements of Financial Position 131 statements of Comprehensive income 132 Consolidated statement of Changes in Equity 133 statement of Changes in Equity 135 statements of Cash Flows 137 notes to the Financial...
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...Competitors Analyis 1. Major Competitors As a major communication service provider that covers 280 million people in the United States, T-Mobile still has major competitors that the company has to continuously compete with. T-Mobile’s major competitors are At&t Inc., Sprint Nextel Corporation, and Verizon Communications Inc. (Annual, 2014). 3. Competitors Comparative Advantage T-Mobile’s competitors have a comparative advantage that makes competition fierce. At&t Inc. has a strong competitive advantage over T-Mobile by having a strong position in the business services market. Among their business strong position At&t Inc. also has the world’s most advanced Internet Protocol (IP) backbones in the industry (AT&T Inc., 2014). At&t Inc. is also one of the largest telecommunications service providers as they serve to 110.4 Million wireless subscribers, 24.6 million line subscribers, and 16.4 million broadband subscribers by the end of fiscal year of 2013. The company shares a 58% market share with Verizon, AT&T holds a 27% market share (AT&T Inc., 2014). Another fierce competitor that T-Mobile has to strategically compete with is Sprint Nextel corporation. Sprint Nextel Corporation has a competitive advantage over T-Mobile as they are the third largest telecom provider in the United States. Sprint as also partnered up with SoftBank, an internet company, that has invested $22.2 billion for an 80% stake in Sprint (Sprint Nextel Corporation...
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...Murdoch Business School Working Papers Factors Affecting the GRI Disclosures in the Annual Reports of Australian State Government Departments Dr Maria Mucciarone Murdoch Business School Professor Greg Tower - Curtin University Professor Mike Garner - Salisbury University Working Paper No.3 February 2012 The views presented in this paper are those of the author(s) and do not necessarily reflect those of the Murdoch Business School or Murdoch University. Working papers are considered draft publications for critical comments by colleagues and will generally be expected to be published elsewhere in a more polished form after a period of critical engagement and revision. Comments on this paper should be directed to the authors at m.mucciarone@murdoch.edu.au; Greg.Tower@cbs.curtin.edu.au; rmgarner@salisbury.edu.au © Copyright is held by the author(s) of each working paper: No part of this publication may be republished, reprinted or reproduced in any form without the permission of the paper’s author(s). National Library of Australia. ISSN: 1837-6371 Factors Affecting the GRI Disclosures in the Annual Reports of Australian State Government Departments Abstract Purpose: Growing concern over the environmental impact of climate change and carbon tax has increased demand for public disclosure on how government departments are fulfilling their social and environmental obligations. The purpose of this study is to identify what factors influence Australian State government...
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...in reflection ANNUAL REPORT 2011 contents 4 00 CORPORATE INFORMATION CORPORATE INFORMATION 6 00 NOTICE OF ANNUAL GENERAL MEETING NOTICE OF ANNUAL GENERAL MEETING 8 00 CHAIRMAN’S STATEMENT CHAIRMAN’S STATEMENT 12 00 GROUP CORPORATE STRUCTURE GROUP CORPORATE STRUCTURE 13 00 GROUP FINANCIAL HIGHLIGHTS GROUP FINANCIAL HIGHLIGHTS 14 00 PROFILE OF DIRECTORS PROFILE OF DIRECTORS 18 00 CORPORATE GOVERNANCE STATEMENT CORPORATE GOVERNANCE STATEMENT 24 00 CORPORATE SOCIAL RESPONSIBILITY STATEMENT CORPORATE SOCIAL RESPONSIBILITY STATEMENT 26 00 STATEMENT OF DIRECTOR’S RESPONSIBILITIES STATEMENT OF DIRECTORS’ RESPONSIBILITIES 27 00 ADDITIONAL COMPLIANCE INFORMATION ADDITIONAL COMPLIANCE INFORMATION 28 00 STATEMENT ON INTERNAL CONTROL STATEMENT ON INTERNAL CONTROL 31 00 AUDIT COMMITTEE REPORT AUDIT COMMITTEE REPORT 35 00 FINANCIAL STATEMENTS FINANCIAL STATEMENTS 02 00 LIST OF PROPERTIES 1 LIST OF GROUP’S PROPERTIES 05 00 ANALYSIS OF SHAREHOLDINGS 1 ANALYSIS OF SHAREHOLDINGS PROXY FORM - ENCLOSED PROXY FORM - ENCLOSED ONE South ONE South, the latest mixed development in Seri Kembangan, Selangor which comprises of shop offices, service apartments and office towers. This new development is strategically located along the KL-Seremban highway and right next to Besraya highway. The ground floor suits an array of retail lots, ranging from lifestyle outlets...
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...ABSTRACT This paper examines the phenomenon of the Internet and its effect on consumer marketing of the Daily Deal/ Internet Coupon Industry. ABSTRACT This paper examines the phenomenon of the Internet and its effect on consumer marketing of the Daily Deal/ Internet Coupon Industry. The Effects of the Internet on the Daily Deals Industry Groupon The Effects of the Internet on the Daily Deals Industry Groupon ABSTRACT This study examines the role of the Internet, and as a result – the impact of the Internet (or world wide web) on the Internet and Catalog Industry, specifically, the Daily Deals market. As a result of a revolutionary trend in couponing, savings, and daily deals, the Internet and Catalog Industry have experienced substantial growth and popularity amongst consumers. Nonetheless, there has been a substantial decrease in growth for vendors in the industry due to increases in competition and consumer demand. Companies such as Groupon and Livingsocial, amongst the many currently competing in the industry, have not only created a niche industry, but have also transformed the couponing, savings, and daily deals market. Groupon is a key player in the industry and via an in-depth analysis, can provide ample representation of the industry as a whole. The trend for online daily deal and consumer savings market generated consumer interest, propelled local business marketing and profits, and stimulated consumer spending. To explore the role of...
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...tax Operating margin EBITDA margin Return on assets Return on equity Balance Sheet Total assets Total equity attributable to equity holders of the company Current ratio Staff Information No. of staff Staff costs to revenue Revenue per employee % RM’000 RM million RM million times RM million % % % % 2010 99.1 10.4 16.0 8.0 8.1 2009 109.3 9.1 14.5 5.9 9.6 2008 (0.5) 9.4 13.7 6.2 (4.4) 2007 15.5 11.8 16.9 7.9 (3.9) 2006 155.9 13.2 18.0 8.1 11.5 1,375.2 828.6 1.4 1,274.6 799.6 1.2 1,537.8 764.5 1.1 1,247.1 859.4 1.3 1,326.0 938.0 2.2 15,618 55.1 65.0 15,780 56.8 57.2 16,125 55.7 57.2 15,777 53.1 54.5 15,425 52.2 53.2 2 Pos Malaysia Annual Report 2010 Group Financial Highlights Pos Malaysia Annual Report 2010 3 4 Pos Malaysia Annual Report 2010 Business Highlights BUSINESS REVIEW • Revenue : RM624.3 million (up 17.0%) 2010 ACCOMPLISHMENTS • Successfully started operations of National Mail & Parcel Hub in October 2010 • Implemented the countrywide beat recasting exercise • Received the GOLD Award for Quality Management Certification Program from Universal Postal Union (UPU) MOVING FOWARD • Streamline operations and improve processes to enhance efficiency • Consolidation of mail processing centres to enhance service quality and...
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...AUDIT DELAY AND THE TIMELINESS OF CORPORATE REPORTING: MALAYSIAN EVIDENCE Raja Adzrin Raja Ahmad Khairul Anuar Bin Kamarudin Second Draft: August 2003 Please do not quotes - comments welcome ABSTRACT This paper investigates the determinants of audit delay in Malaysia. The sample comprises 100 companies listed in Kuala Lumpur Stock Exchange during the period 1996-2000. Descriptive statistics indicates the audit delay is more 100 days for the five years under study with a minimum standard deviation of 36 days. Eight hypotheses, relating audit delay to company size, industry classification, sign of income, extraordinary item, audit opinion, auditor, year-end and risk are tested in this study. Result from t-test of differences, chi-square test of independent and ordinary leas square regression (OLS) largely support the alternate hypotheses put forward except for extraordinary items and company size. The primary findings are that audit delay is significantly longer for company that (1) non-financial industry, (2) receive other that unqualified audit opinions, (3) have other than 31 December as financial year end, (4) audited by non bigfive, (5) incurred negative earnings and (6) have higher risk. It is hoped that this study, which is conducted in an economically and culturally different context from all existing studies, can contribute toward the current literature on audit delay. Correspondence Address: Raja Adzrin Raja Ahmad Faculty of Accountancy MARA...
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...The European Accounting Review 2002, 11:1, 119–151 Accounting and capital markets: a survey of the European evidence Pascal Dumontier ` Pierre Mendes-France University, Grenoble Bernard Raffournier University of Geneva ABSTRACT The relationship between accounting information and capital markets has been the subject of numerous studies, especially in the US. The purpose of this article is to examine the corresponding evidence in Europe. This review classi es the European literature into three groups: studies of the market reaction to newly released accounting information; studies of the long-term association between stock returns and accounting numbers; studies devoted to the use of accounting data by investors and to the impact of market pressure on accounting choices. The paper reviews and summarizes the main results related to each of these topics. It also addresses some methodological issues and provides suggestions for future research. 1. INTRODUCTION Since the pioneering work of Ball and Brown (1968), the relationship between accounting information and capital markets has attracted considerable attention, to the point that it is probably one of the most popular issues in the accounting literature. The interest for this subject is legitimate, given the generally accepted statement that accounting gures are aimed at providing investors with relevant information for their investment decisions. Even if accounting data are used in various contexts such as the contracting...
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...Does Voluntary Disclosure Improve Stock Price Informativeness? Author(s): K. Stephen Haggard, Xiumin Martin and Raynolde Pereira Reviewed work(s): Source: Financial Management, Vol. 37, No. 4 (Winter, 2008), pp. 747-768 Published by: Blackwell Publishing on behalf of the Financial Management Association International Stable URL: http://www.jstor.org/stable/20486678 . Accessed: 25/07/2012 04:27 Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use, available at . http://www.jstor.org/page/info/about/policies/terms.jsp . JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact support@jstor.org. . Blackwell Publishing and Financial Management Association International are collaborating with JSTOR to digitize, preserve and extend access to Financial Management. http://www.jstor.org Does Voluntary Stock Price Disclosure Improve Informativeness? K. Stephen Haggard, Xiumin Martin, and Raynolde Pereira* According to theory, comovement in stock prices reflects comovement in thefundamentalfactors underlying the values ofstocks. Recent theory contends that stockprice comovement can be driven by information markets or the informational opacity of the...
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...any organization depends on the ability of its human resource to utilize other resources such as capital, equipment and land for the achievement of organizational objectives. Human resource thus requires the necess ary attention in order t o achieve corporate objectives. This paper investigates the impact of investment in h uman resource training and development on employees' e ffectiveness in N igerian banks. Descriptive survey research was adopted for the study. A quantitative measure published by the Institute of Intellectual Capital Research and approved by the Saratoga Institute database was used (o assess human resource effectiveness in three randomly s elected banks. Also, an instrument titled Assessment of Trai ning and Development Activities Scale (ATDAS) was administered to one hundred and twenty -five randomly selected employees of the selected banks in Ilorin metropolis, Kwara State, Nigeria. Relevant data was obtained from the three selected banks ' audited f inancial accounts for a period of five years (2001 -2005). The collected data was analyzed using descriptive a nd inferential statistics. The results showed that Zenith Bank had the best Human R esource M anagement and A ccounting practice p erformed best . T he study also i dentified the main training and development activities in the three selected banks as orientation and on the job training, skills improvement training, utilization of the newly a cquired skills, regular training and acquisition...
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...November 3, 2011 MGMT 3624 -‐ Case 3: B&L Inc. Assignment 1) What do you think of the quote from Mayes? • How would you respond? • What information would you request? 2) Can Brian Wilson use the EOQ formula here to establish the lot size? • Do all of the EOQ assumptions hold here? 3) Do you think B&L should outsource the bracket? • Why or why not? 4) What would you say to the plant manager? 5) Is the cost savings sufficient enough to move the business to Mayes? Assume that you were in the position of Brian Wilson: What would be your analysis of the opportunity to outsource the outrigger bracket? B. If B&L was to outsource the outrigger bracket to Mayes, what lot sizes would you specify and why? (Note: You must address this question, regardless of your response to Question A.) A. MGMT 3624 Case 3: B&L Inc....
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