SOUTHWEST AIRLINES CO. 2013 ANNUAL REPORT TO SHAREHOLDERS To our Shareholders: Our goals for 2013 were ambitious. We wanted to stay on track with our five Strategic Initiatives described below. We wanted to maintain our strong Brand, unique Culture, and award-winning Customer Service. We wanted to sustain our strong ontime performance and baggage handling. Finally, we wanted to improve our cost performance, achieve our profit requirement, and return value to our Shareholders. Just like in 2011
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attention by accounting professionals and other parties involved with their financial reporting lately, due to the difficulty they present in being precisely valued, classified and accounted for. For some companies, intangible assets make up the majority of their total company’s assets; for other companies, intangible assets are very small part of their total assets. In either case, accounting treatment of intangible assets has seen some interesting twists occur in the accounting world, especially
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TAS 40 firstly announced to use in 1 January 2011. Basically, TAS 40 applies to give more alternative choices to measure the value of lease hold right in investment property by fair value or cost price. Definition of investment property Investment property is land or a building or part of a building or both held by the owner or the lessee under a finance lease to earn rentals or for capital appreciation or both. However, the property is not investment property when the property held for use
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contents 1 2 3 5 10 16 18 94 95 96 97 99 100 corporate information operational and financial highlights chairman’s statement review of operating and financial performance board of directors senior management financial contents (including corporate governance) interested person transactions material contracts use of proceeds shareholders’ information disclosure note notice of annual general meeting proxy form corporate information board of directors Mr. Joseph Yuvaraj Pillay Independent Director
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statements | | | usage of the trade | | | provisions handwritten into a contract | | | waivers of liability | Question 5 Alice sold her accounting business to a nation wide accounting firm that wanted to establish an office in that area. As part of the sales contract, Alice promised that she would not start up another accounting firm within seventy-five miles of her old business for at least a year. This clause in the sales contract is a
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| | | | | | | | | | UNITED STATES | SECURITIES AND EXCHANGE COMMISSION | WASHINGTON, DC 20549 | | | | | | FORM 10-K | | | | | | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | For the fiscal year ended December 31, 2012 | OR | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | For the transition period from ________ to ________ | | | | | |
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be used. Lessees and Lessors will also be required to show equal and opposite assets and liabilities on their balance sheets for every and all lease without distinguishing between finance or operating. This would eliminate the distinction beween operating and financing leases and new accounting standards for lessees andlessors would be introduced. Leases will no longer be treated as “off balance sheet” and assets and liabilities will be recognized. 5. There are five alternatives for the VASB
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CONTENTS PAGE Page Executive Summary.................................................................................................................................................i 1. Motor Vehicle............................................................................................................................................1 2.2 Type of Asset and cost.......................................................................................................................
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Case Study: Pit Stop Closed 1) The Pit Stop Center store closure should not be reported as a discontinued operation in Auto World’s second quarter financial statements. Auto World determined that the Pit Stop Centers meet the definition of a “component of an entity,” which is defined as comprising “operations and cash flows that can be clearly distinguished, operationally and for financial reporting purposes, from the rest of the entity. A component of an entity may be a reportable segment
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Whole Foods Market: A Financial Analysis Throughout the course of time, changes have and will continue to occur in nearly every aspect of life. From the improvements in technology, to the evolution of the automobile, as well as everywhere in between, change is simply a part of everyday life. Perhaps one of the imminent changes upon society today is the food and drink intake of the world in general, but specifically the American people. Some grocery and supermarket companies such as Whole
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