Business Report Lego in Combination with Tour de France

In: Business and Management

Submitted By Sjorio
Words 281
Pages 2
Hey how are you doing man,
This is just a way to make an essay with 250 words so I can log in on this site and use all these essays on it.
Hi hi hi hi hi hi ihi hi ihihi i ihhihi hihi hihi h ih ihihihi hi i i hih ihhih i hihih i hihi h ihih i hihi h ih hihihih i hihi h ih ih ih ih ih ih ih ih ihihih ih i hihi h ihih ih ih ihih ih ih ihih ih ih ih ih ih ih ih ih ih ih ih ih ih hihi h ih ih ihihih i hihi h ih ih ihih ih ih ih ih ihih ih ih ih ih i hihi h ih ih ih ih ih ih ih ih ih ihih ih ih i hi i hihi hihi h ih ihihiihihih ih ihih ihi ih ih ih ihihih i hi hihi h ih hihi hi hihihi hihihihihii ii i i iiiii i i kl jjkj klj kj j kl lk k jl kl kj lk; lkjlk j l;jk lk ; jk jk jl kl ; ;lj lkj lj lk lk lj j l d d dn ds sadf asd fsd f fs fa fsda fsda sfd sdaf fsd fds fds fsadf sa fsd sdff dsfds dsf fds fds fdsa fdsa dsf dsf dfdsaf adfs fd fd fdsa dfs df df dfs sdf dsf dfs dsf fsad fds fdas f fsad sad ds dfs fds fsd df fds fsd fsdfasd fsad d fdsf dsfds fds fds fds fd fds fsd fds fds fsad fad fd fds fsd sdf dsffd fd fsd fsd fds fds fd fs fsd dfs fds…...

Similar Documents

Tour de France

...Tour de France Tour de France is considered to be the most influential bicycle race around the world. It starts at every July 1st and usually takes a month to the end of the race. The race has been held every year since 1903 except the interruption by two World Wars. The whole race is over 3200 kilometers in distance and has 21 days of racing. The starting point of the race is changing every year, sometimes the race starts in some northern cities and some border countries as well. There is usually a varied number of team involved in the race from 20 to 22 which has 9 players each in the team. All players are competing toward the great honor of the champion of Tour de France. I just started watching Tour de France last summer by the recommendation of a friend. I saw the great bicycle racer Alberto Contador from Spain became the champion of Tour de France. He is a strong player and my friend told me that he thought Contador was not good any more before the race but he came back to the 1st place again. He said the Spanish players are starting controlling the Tour de France after the great 7-time-champion Lance Armstrong from United States. He was looking forward to seeing a new champion from US soon. American bicycle racers seem to have disadvantage in Tour de France because it’s like an away game for them but a home game for European racers. Tour de France is a wonderful race which brings everyone who loves bicycle race together and enjoys this big moment....

Words: 274 - Pages: 2

Industrial Tour Report

...CHAPTER-1 Introduction: The industrial report is originated from the curriculum requirement of BBA program of University of Chittagong .The topic of our report is “Formulating Industrial Marketing Strategies a case study based on PHP Spinning Mils Ltd.”. The PHP Group is a pioneer and acknowledged market leader in spinning sector in Bangladesh and one of the largest spinning manufacturing company of Bangladesh, adopting State-of-the-Art technologies and fulfilling its customers’ requirements through world-class services & products. PHP GROUP Company, PHP Spinning Mills Ltd. has started its production of high quality cotton & melange from January 2006 using latest technology and having production capacity of 466,746 kg per month in which 265,986 kg is cotton & 200,761 kg is melange. The report has been Prepared under direct supervision of Mr. Mohammed Shahedul quader , Assistant Professor , Department of Marketing Studies & international marketing, university of Chittagong. Objectives of the study: The basic or main purpose of industrial tour report is to learn practical knowledge about business world for balancing the gap of our industrial policy in the modern job market. The objectives of this industrial tour are as below: • The prime objective of the study is to know the practical marketing scenario of the company. • To identify an overview of PHP Spinning Mills Ltd. • To perform the SWOT analysis of the company. • To......

Words: 7104 - Pages: 29

Description de La France

...La France, en forme longue la République française, est une république constitutionnelle unitaire ayant un régime parlementaire à tendance présidentielle dont la majeure partie du territoire et de la population sont situés en Europe occidentale, mais qui comprend également plusieurs régions et territoires répartis dans les Amériques, l’océan Indien et l'océan Pacifique. Elle a pour capitale Paris, pour langue officielle le français et pour monnaie l’euro. Sa devise est « Liberté, Égalité, Fraternité », et son drapeau est constitué de trois bandes verticales respectivement bleue, blanche et rouge. Son hymne est La Marseillaise. Son principe est gouvernement du peuple, par le peuple et pour le peuple4. La France est un pays ancien, formé au Haut Moyen Âge. Du début du xviie siècle à la première moitié du xxe siècle, elle possède un vaste empire colonial. À partir des années 1950, elle est l’un des acteurs de la construction de l’Union européenne. Elle est une puissance nucléaire, et l’un des cinq membres permanents du Conseil de sécurité des Nations unies. La France joue un rôle important dans l’histoire mondiale par l’influence de sa culture et de ses valeurs démocratiques, laïques et républicaines. La France a, en 2011, le cinquième plus important produit intérieur brut au monde. Son économie, de type capitaliste avec une intervention étatique assez forte, fait d’elle un des leaders mondiaux dans les secteurs de l’agroalimentaire, de l’aéronautique, de l’automobile, des......

Words: 263 - Pages: 2

Tour de France

...The Tour de France Executive Summary 1.1 Introduction and Description of the Tour De France The Tour de France is an annual bicycle race held in France and nearby countries. First staged in 1903, the race covered more than 3,600 kilometres (2,200 miles) and lasted three weeks. Nearly 200 riders begin each tour on the first weekend in July (Thompson, 2008). The number of teams usually varies between 20 to 22 teams, with nine riders in each team. No set numbers of stages are required in the Tour each year, but in recent years, at least 20 stages have comprised the race. The cyclist with the lowest cumulative time after the 20 stages wins (Liggett et al, 2005). This report aims to examine the development, management, impacts and success of this event and how it could be successfully replicated in Northern Ireland. 1.2 Background and development of the Tour De France A hundred summers ago, the Tour de France was born out of political conflict, and from a circulation war between competing sports journals. An editor of one these journals - Henri Desgrange, decided that he needed a sensational publicity venture to attract new readers. He himself was an enthusiastic cyclist and cycle racer. A six-day race was suggested all around France. Long-distance cycle races were a popular means to sell more newspapers. If it succeeded, it would help the journal match its rivals. The first Tour de France was staged in 1903 and the plan was a......

Words: 2338 - Pages: 10

Business Combination

...Prepared by Emma Holmes The nature of a business combination IFRS 3 defines a business combination as ‘the bringing together of separate entities or businesses into one reporting entity’. A ‘business’ is not just a group of assets, rather, it is an entity able to produce output. Three general forms of business combination are as follows (assuming the existence of 2 companies – A Ltd and B Ltd): Accounting for a business combination: basic principles IFRS 3 prescribes the purchase method in accounting for a business combination. The key steps in this method are: The above steps result in determining the existence of any goodwill or excess on combination. 1 Accounting for a business combination: identifying the acquirer The business combination is viewed from the perspective of the acquirer The acquirer is “the combining entity that obtains control of the other combining entities or businesses” Accounting for a business combination: selecting the right date The following dates are relevant to a business combination: Acquisition date Agreement date Date of exchange Accounting for a business combination: determination of fair value IFRS 3 requires that the fair value of assets, liabilities and contingent liabilities is determined in performing the relevant calculations in a business combination. Fair value is basically market value Fair value is determined by judgement, estimation and a three-level ‘fair value hierarchy’ as follows: Note the......

Words: 1899 - Pages: 8

Business Combination

...purchase of a legal subsidiary in bankruptcy qualify as a business combination under ASC 805? Parent lost its ability to remove and replace majority of the board of directors of Poor Son as a result of the bankruptcy. This supports that Parent lost control of its wholly owned subsidiary, Poor Son. Therefore, Parent’s acquisition of the reorganized Poor Son does not meet the scope exception in ASC 805-10-15-4(c). Under ASC 805-10-20, a business combination occurs when an acquirer obtains control of one or more businesses. The given facts state that Parent will receive 100% of the new equity interests in the re-organized Poor Son. In addition, Parent will have the power to name all members of Poor Son’s new board of directors. ASC 805-10-55-2 provides the examples of transactions in which an acquirer can obtain control of an acquired business. Based on ASC 805-10-55-2(c), Parent has control of the new reorganized Poor Son because it acquired 100% of equity interests of Poor Son. In addition, Parent has the majority of voting interests of Poor Son because it has the responsibility to appoint all new board of directors of Poor Son. According to ASC 810-10-15-8, an acquirer has the power to control if the acquirer has the ownership of a majority voting interests. Based on these, Parent has control of the reorganized Poor Son. To conclude, Parent’s acquisition of Poor Son in bankruptcy qualifies as a business combination....

Words: 257 - Pages: 2

Business Combination

...Case 11-7 Food for Thought Allfoods Corp. (Allfoods) is a calendar year-end company. On February 1, 2009, Allfoods announced that it was acquiring 80 percent of the outstanding common stock of Baked Beans Corp. (Baked Beans) in a business combination. On the acquisition date, Allfoods paid $40 million in cash and issued two million shares of Allfoods common stock to the selling shareholders of Baked Beans. All of the outstanding stock options granted to employees of Baked Beans will be replaced with Allfoods stock options as required by the merger agreement. Allfoods is accounting for the transaction in accordance with ASC 805, Business Combinations. 1. Determining Consideration Transferred On August 1, 2009, Allfoods acquired Baked Beans. The Allfoods share price was $30 on the announcement date and $35 on the acquisition date. The parties agreed that Allfoods would issue the selling shareholders an additional one million shares if Baked Beans revenues for the 12-month period after the acquisition were at least $150 million. The fair value of the contingent consideration was determined to be $20 million as of the acquisition date. The value of the replacement stock option awards attributable to precombination services is $5 million, and the portion that relates to postcombination services is $7 million. Allfoods incurred $4 million of acquisition related costs. 2. Fair Value of Assets Acquired and Liabilities Assumed Baked Beans owns a manufacturing facility in Chino,......

Words: 645 - Pages: 3

Business in France

...Business Communication in France: An Introduction to Customs and Culture I chose to research France for this particular assignment. I have always dreamed of moving to France and, as a business major, I thought it would be a good idea to use this opportunity to learn about business communication in France. France has a truly fascinating culture filled with centuries of customs and etiquette built “brick by brick.” With America being a much younger nation, I think it would be very important to accommodate and adapt to their techniques and business communication strategies as opposed to Americans attempting to force our techniques and business communication strategies on them. Based on my research, it doesn’t seem like we would be given much choice in the matter. The French are so adamant about their deep culture and manners that one would basically have to accommodate them or face a failed attempt to obtain a business relationship with them. The report goes into greater detail about these issues. Feel free to contact me with any further questions. Executive Summary This report gives a brief comparison of business communication between France and the United States. Speak French Fluently, or Not At All The French are very proud of their language. It is one of the most endeared languages in the world, and widely known as “the language of love.” Therefore, one must be able to speak French very well in order to communicate successfully with them, especially...

Words: 1364 - Pages: 6

Business Combination

...Assignment 1: Business Combinations Cindy Yoon Professor Robert Neely ACC 401 – Advanced Accounting October 24, 2013 Abstract In this paper, I will provide an explanation for the business combination method I selected in expanding the corporation by acquiring another firm, the reason for selecting that business combination method, and how the purchase will grow the business. I will also analyze the accounting requirements for the business combination method I selected and how I determined goodwill was impaired and the financial impact of such impaired goodwill. The business combination method I selected is the acquisition method. Business combinations have implemented the newly created accounting treatment called the “acquisition method.”   The major changes in the acquisition method include changes to fair value measurement, goodwill recognition, and non-controlling interests.     In acquisition method, the parent company reports the net assets of the acquired company at the price that it was paid for.   This price includes any cash payment, the fair market value of any shares issued, and the present value of any promises to pay cash in the future.   A key point of the purchase method is that the parent consolidates the book value of all the subsidiary’s assets and liabilities and then the fair value, broken down between Net Book Value and Fair Market Value increments, of the subsidiary's assets and liabilities are added to the parent's own assets and......

Words: 1726 - Pages: 7

Business Combinations

...Assignment: Audit Report Review By Deborah Tucker Strayer University Government and Not-for-Profit Accounting Professor Willie Gladden July 28, 2013   In my review, I found the financial statements for the City of Philadelphia. They are located in Philadelphia, Pennsylvania and they have three separate financial statements that are provided for their three different funds, not counting their General Fund. They have their Governmental Fund, their Proprietary Fund and their Fiduciary Fund. The amazing thing in reviewing their financial statements is that they follow the guidelines that have been established by GAASB. The GASB was formed in 1984 to give public sector entities guidance for recording their financial transactions. For smaller towns or cities, the basic guidance is that they use cash basis accounting for their activities. For larger towns or cities, the basic guidance is that they must use accrual accounting as their method. The City of Philadelphia uses both and actually even a combination of the two. The government-wide financials and the proprietary funds financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Property taxes are recognized as revenues in the year for which they are levied. Grants and similar items are recognized as revenue...

Words: 1020 - Pages: 5

Danish Report About Lego

...Virksomhedskarakterstik – LEGO A/S Magnus Kjeldgaard X.1 LEGOs historie LEGO blev grundlagt i Billund i 1932 af tømrermester og snedker Ole Kirk Kristiansen. Virksomhedens legetøjskollektion får navnet LEGO. LEGO er en sammentrækning af ordene LEg GOdt. Virksomheden havde efter et år 6-7 ansatte. I 1955 eksporterer LEGO for første gang sit legetøj. Det første land var Sverige. På det tidpunkt rejser Godtfred Kirk Christiansen rundt på forskellige legetøjsmesser i Tyskland, for at vise LEGOs produkter frem. Reaktionerne var ikke positive. Først året efter sælger LEGO deres produkter i Tyskland. I 1953 producerede LEGO sin første plastik LEGO-klods. I 1958 besluttede Godtfred Kirk Christiansen, som var søn af Ole Kirk Kristiansen, at indgive patentansøgningen på LEGO-klodsen. Det viste sig at være en klog beslutning, da LEGO-klodsen bogstaveligt blev grundstenen for hele virksomheden. LEGO havde nu ca. 140 ansatte. I 1968 åbner LEGOLAND Billund for første gang portene op, og tiltrækker 625,000 besøgende i den første sæson, 3000 på åbningsdagen. Lego bliver på det tidspunkt solgt i over 42 lande, og har nu ca. 700 ansatte. Ved indgangen til det 21. århundrede blev LEGO klodsen kåret til ”Århundredets Legetøj” – af Fortune Magazine og senere af den engelske sammenslutning, British Association of Toy Retailers. I 2012 er LEGO verdens tredjestørste legetøjsproducent (omsætningsmæssigt), og kan købes i over 130 lande. LEGO har nu 6 ”Legolande” verden over, og over 10,000......

Words: 908 - Pages: 4

Business Combination

...Università di Torino Facoltà di Economia Course of Business Combination Exercises November 2012 Exercise 1 Question and Assumptions • Please estimate the Enterprise Value (EV) of “Company Alpha” (total and per share) by applying the market comparables on page 3. • Main Financial Data of “Company Alpha” – EBITDA per Share 2013: €4.40 – EBITDA per Share 2014: €5.70 – Sales per Share 2013: €18.10 – Sales per Share 2014: €22.20 – Total Shares Outstanding: 8,250,000 2 Exercise 1 (cont’d) Note 1. Global luxury/brands average excludes Brunello Cucinelli, Hermes, Michael Kors, Prada and Salvatore Ferragamo 3 Exercise 2 Question and Assumptions • Based on the assumptions below and on key financials of page 5: - Please estimate the NPV as of 1 Jan 2012 of the Cash Flows in 2012, 2013 and 2014, including the Terminal Value • Main Assumptions – WACC: 10% – Terminal Multiple on Cash Flow: 5x – Capital Expenditure 2012: €0 MM – Capital Expenditure 2013: €130 MM – Capital Expenditure 2014: €0 MM 4 Exercise 2 (cont’d) Key Financials €MM 2012E 2013E 2014E Sales 660 710 770 Operating Expenses 400 430 450 Depreciation 70 70 80 Tax 75 80 85 5 Exercise 3 Question and Assumptions • Based on the assumptions below for a merger transaction and on the key financials reported on page 8: – What is the Acquirer’s 2013 EPS accretion/ dilution in the event of a transaction 60% in shares and......

Words: 337 - Pages: 2

Lego Report 2013

...Annual Report 2013 The LEGO Group CVR: 54 56 25 19 Financial Highlights The LEGO Group (mDKK) Consolidated Income Statement: Revenue Expenses Operating profit Financial income and expenses Profit before income tax Net profit for the year Consolidated Balance Sheet: Total assets Equity Liabilities Consolidated Cash Flow Statement: Cash flows from operating activities Investment in property, plant and equipment Investment in intangible assets Cash flows from financing activities Total cash flows Employees: Average number (full-time) Financial ratios (in %): Gross margin Operating margin Net profit margin Return on equity (ROE) Return on invested capital Equity ratio 2013 2012 2011 2010 2009 25,382 (17,046) 8,336 (97) 8,239 6,119 23,095 (15,489) 7,606 (84) 7,522 5,613 18,731 (13,065) 5,666 (124) 5,542 4,160 16,014 (10,899) 4,973 (84) 4,889 3,718 11,661 (8,659) 2,902 (15) 2,887 2,204 17,952 11,075 6,877 16,352 9,864 6,488 12,904 6,975 5,929 10,972 5,473 5,499 7,788 3,291 4,497 6,744 2,644 103 (3,466) 574 6,220 1,729 61 (4,535) (88) 3,828 1,451 129 (2,519) (233) 3,744 1,077 123 (3,477) (871) 2,712 1,042 216 (906) 558 11,755 10,400 9,374 8,365 7,286 70.1 32.8 24.1 58.4 114.4 61.7 70.6 32.9 24.3 66.7 134.9 60.3 70.5 30.2 22.2 66.8 133.4 54.1 72.4 31.1 23.2 84.8 161.2 49.9 70.3 24.9 18.9 82.3 139.5 42.3 The Financial Highlights for 2012 and 2013 are adjusted as a consequence of a......

Words: 17173 - Pages: 69

Business Combination

...Topic 4 Business combination 企业合并 AASB 3 –BUSINESS COMBINATION: Appendix A contains the defined term, while Appendix B contains application guidance. A business combination is defined in Appendix A to AASB3 as: A transaction or other event in which an acquirer需方 obtains 获得control of one or more businesses. Control: control exists when an investor is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect hose returns through its power over the investee. The purpose of defining a business is to distinguish between the acquisition 收购of a group of assets that does not constitute构成 a business- such as a number of desks ,bookcases and filing cabinets- and the acquisition of a business. A group of assets that does constitute a business is accounted for under AASB 3 AND must be capable of providing a return. A group of assets that does not constitute a business is accounted for under AASB 116 ,AND measured at cost. Acquistion method: 收购方法 1. Indentify the acquirer 收买人/需方 2. Determine the acquisition date 3. Recognize and measure the identifiable assets acquired, the liabilities assumed, and any non-controlling interest in the acquiree. 被收购者 4. Recognise and measure goodwill 商誉or a gain from a bargain purchase. 获得廉价的收入 The acquisition method is applied on the acquisition date, which is the date the acquirer obtains control of the acquiree. On this date, the business combination occurs. AASB3 also...

Words: 510 - Pages: 3

Business Combination

...statements. Financial Reporting Issue: Business combinations Discussion of financial reporting issue: First of all we need to determine if the transaction is a business combination process. The ACS 805 defines a business combination as a transaction or other event in which an acquirer obtains control of one or more businesses. Transactions sometimes referred to as true mergers or mergers of equals also are business combinations. Other types of transactions that are not considered business combination are the followings: The formation of a joint venture. The acquisition of an asset or a group of assets that does not constitute a business or a nonprofit activity. A combination between entities, businesses, or nonprofit activities under common control. An acquisition by a not-for-profit entity for which the acquisition date is before December 15, 2009 or a merger of not-for-profit entities (NFPs). A transaction or other event in which an NFP obtains control of a not-for-profit entity but does not consolidate that entity, as permitted or required by Section 958-810-25. The Business Combinations Topic also does not apply if an NFP that obtained control in a transaction or other event in which consolidation was permitted but not required decides in a subsequent annual reporting period to begin consolidating a controlled entity that it initially chose not to consolidate. If we are sure that the transaction constitutes a business combination, it needs to be......

Words: 4422 - Pages: 18