The document is a financial report for British American Tobacco for the year 2013. It summarizes the company's operations, including growing tobacco leaves through registered farmers and manufacturing cigarettes. It also provides financial statements showing the company had gross turnover of 95.18 billion Taka in 2013 and net profit of 15.68 billion Taka for the year. The board recommended a final cash dividend of 400% (40 Taka per share) for 2013, bringing the total dividend for the year to 500%.
British American Tobacco, PLC - EQUITY REPORT 2.0Teddy Krejci
British American Tobacco is a major tobacco company headquartered in London. This report analyzes BAT's stock to estimate a fair price. Financial data from the past 5 years was collected and ratios were calculated. A forecast for the next 3 years was made. Using a discounted dividend model, the actual stock value was estimated at £45.75, 22% higher than the current price of £37.465. Therefore, the report recommends buying BAT shares.
British American Tobacco (BAT) is the second largest tobacco company globally with brands in over 180 markets. It was established in 1902 as a joint venture between British and American tobacco companies. The document analyzes BAT's financial performance over 3 years using various ratios to evaluate liquidity, asset utilization, debt, profitability, and growth. Key findings are that BAT has strong market position and brands, maintains asset utilization comparable to industry, and has grown profitability while generating free cash flow.
British American Tobacco(BAT) is a British multinational tobacco company headquartered in London, United Kingdom. It is one of the world’s five largest tobacco companies.
BAT has a market-leading position in over 50 countries and operations in around 180 countries.Its four largest-selling brands are Dunhill, Lucky Strike, Kent and Pall Mall, with others including Kool, Benson & Hedges and Rothmans.
This document provides an analysis of the financial statements and security valuation of British American Tobacco Bangladesh. It begins with an introduction and objectives. It then performs an industry analysis of the food and allied industry in Bangladesh and an analysis of the business cycles and economic factors impacting the industry. Next, it analyzes the financial statements and key ratios of British American Tobacco Bangladesh. It also performs valuation of the company's stock using the dividend discount model and relative valuation approaches. Finally, it provides findings, recommendations, and a conclusion.
This document provides an internal analysis and strategy evaluation of British American Tobacco (BAT) in 2014. It includes an analysis of BAT's resources, financial performance, value chain, core competencies, strengths, and weaknesses. Key points include that BAT employs over 89,000 people globally, has 46 cigarette factories worldwide, and has a return on capital employed of 29.95% in 2013. The document also discusses BAT's focus on technological innovations in products, such as e-cigarettes, through its subsidiary Nicoventures.
British American Tobacco Bangladesh is the market leader in tobacco in Bangladesh. It has a few premium brands like Benson & Hedges and Gold Leaf, as well as medium brands like Star, Scissors, and low-priced brands like Pilot, Bristol, and Hollywood. As the largest multinational company in Bangladesh, it employs over 1,200 people in the country and was one of the first companies listed on the Dhaka and Chittagong stock exchanges. While doing praiseworthy work in corporate social responsibility, British American Tobacco Bangladesh could improve the effectiveness and visibility of these initiatives through better communication about their CSR achievements.
British American Tobacco Bangladesh Company Limited (BATB) manufactures and sells cigarettes in Bangladesh and exports tobacco leaves. It is a subsidiary of British American Tobacco Group, one of the oldest and largest multinational companies operating in Bangladesh. BATB follows a transnational strategy, coordinating its global activities via cooperation between its headquarters and subsidiaries. It faces increasing government regulations on tobacco marketing and advertising in Bangladesh. However, it remains highly profitable due to its dominant market position, production expansion, and ability to pass on tax increases in prices.
British American Tobacco Bangladesh (BATB)Shibbir Ahmad
British American Tobacco Bangladesh (BATB) is a subsidiary of British American Tobacco and a market leader in Bangladesh. It began operations in 1910 and is now one of the largest employers in the country, providing over 50,000 direct and indirect jobs. BATB focuses on tobacco leaf growing, processing, manufacturing and distributing cigarettes. It holds over 50% market share and sells various brands at different price points to target diverse customer segments. While facing challenges from regulations and health awareness, BATB continues to invest in its business operations and maintain its leadership position in Bangladesh.
British American Tobacco, PLC - EQUITY REPORT 2.0Teddy Krejci
British American Tobacco is a major tobacco company headquartered in London. This report analyzes BAT's stock to estimate a fair price. Financial data from the past 5 years was collected and ratios were calculated. A forecast for the next 3 years was made. Using a discounted dividend model, the actual stock value was estimated at £45.75, 22% higher than the current price of £37.465. Therefore, the report recommends buying BAT shares.
British American Tobacco (BAT) is the second largest tobacco company globally with brands in over 180 markets. It was established in 1902 as a joint venture between British and American tobacco companies. The document analyzes BAT's financial performance over 3 years using various ratios to evaluate liquidity, asset utilization, debt, profitability, and growth. Key findings are that BAT has strong market position and brands, maintains asset utilization comparable to industry, and has grown profitability while generating free cash flow.
British American Tobacco(BAT) is a British multinational tobacco company headquartered in London, United Kingdom. It is one of the world’s five largest tobacco companies.
BAT has a market-leading position in over 50 countries and operations in around 180 countries.Its four largest-selling brands are Dunhill, Lucky Strike, Kent and Pall Mall, with others including Kool, Benson & Hedges and Rothmans.
This document provides an analysis of the financial statements and security valuation of British American Tobacco Bangladesh. It begins with an introduction and objectives. It then performs an industry analysis of the food and allied industry in Bangladesh and an analysis of the business cycles and economic factors impacting the industry. Next, it analyzes the financial statements and key ratios of British American Tobacco Bangladesh. It also performs valuation of the company's stock using the dividend discount model and relative valuation approaches. Finally, it provides findings, recommendations, and a conclusion.
This document provides an internal analysis and strategy evaluation of British American Tobacco (BAT) in 2014. It includes an analysis of BAT's resources, financial performance, value chain, core competencies, strengths, and weaknesses. Key points include that BAT employs over 89,000 people globally, has 46 cigarette factories worldwide, and has a return on capital employed of 29.95% in 2013. The document also discusses BAT's focus on technological innovations in products, such as e-cigarettes, through its subsidiary Nicoventures.
British American Tobacco Bangladesh is the market leader in tobacco in Bangladesh. It has a few premium brands like Benson & Hedges and Gold Leaf, as well as medium brands like Star, Scissors, and low-priced brands like Pilot, Bristol, and Hollywood. As the largest multinational company in Bangladesh, it employs over 1,200 people in the country and was one of the first companies listed on the Dhaka and Chittagong stock exchanges. While doing praiseworthy work in corporate social responsibility, British American Tobacco Bangladesh could improve the effectiveness and visibility of these initiatives through better communication about their CSR achievements.
British American Tobacco Bangladesh Company Limited (BATB) manufactures and sells cigarettes in Bangladesh and exports tobacco leaves. It is a subsidiary of British American Tobacco Group, one of the oldest and largest multinational companies operating in Bangladesh. BATB follows a transnational strategy, coordinating its global activities via cooperation between its headquarters and subsidiaries. It faces increasing government regulations on tobacco marketing and advertising in Bangladesh. However, it remains highly profitable due to its dominant market position, production expansion, and ability to pass on tax increases in prices.
British American Tobacco Bangladesh (BATB)Shibbir Ahmad
British American Tobacco Bangladesh (BATB) is a subsidiary of British American Tobacco and a market leader in Bangladesh. It began operations in 1910 and is now one of the largest employers in the country, providing over 50,000 direct and indirect jobs. BATB focuses on tobacco leaf growing, processing, manufacturing and distributing cigarettes. It holds over 50% market share and sells various brands at different price points to target diverse customer segments. While facing challenges from regulations and health awareness, BATB continues to invest in its business operations and maintain its leadership position in Bangladesh.
Management process Of British America Tobacco BangladeshMustafizur Rahman
The document analyzes the management process and managerial functions and skills of an area manager at British American Tobacco Bangladesh (BATB). It discusses the key functions of planning, organizing, decision making, staffing, communicating, leading, motivating and controlling. It also examines important managerial skills like technical skills, team building skills, and drive skills. The analysis found that the most important functions for marketing managers at BATB are planning, motivating employees, and controlling. Key skills include listening to employees, problem solving as a team, coordinating and cooperating across levels, setting performance standards, and motivating through energy and exerting pressure.
The document analyzes the tobacco industry in the UK using PESTEL and Porter's Five Forces frameworks. It identifies several key political, economic, social, technological, environmental, and legal factors influencing the industry. High taxation is a major driver of change that threatens tobacco companies but also provides opportunities to shift manufacturing abroad. Health awareness campaigns and smoking bans create challenges but technological innovations like e-cigarettes also threaten traditional tobacco products. The analysis provides insights into both threats and opportunities facing the UK tobacco industry from various factors.
This document provides a financial analysis of Imperial Tobacco Group PLC for 2014. It includes accounting ratios to analyze the company's performance, liquidity, gearing, investors' returns, and efficiency. Key ratios show the company's return on capital employed increased in 2013. Its current ratio, liquidity, and ability to cover interest expenses decreased slightly but were still considered adequate. The document also evaluates the company's share price, net asset value, dividend yield, historic and prospective price-earnings ratios. Based on the analysis, while the shares appear undervalued, they are recommended for long-term investors given the time needed to generate profits from the investment.
The research paper is based on analysis of annual report of PTC and its key competitors, published articles on Pakistan tobacco industry and interview of PTC Territory Executive Lahore Region Mr Raja Faheem.
Due to time and resource constraints, the study has focused on tobacco cigarettes only. For both PTC and its competitors. Therefore, all the evaluations and results relate to tobacco cigarettes and other tobacco and no-tobacco products are not analysed of the company.
- Walmart reported first quarter earnings for fiscal year 2020, with net sales of $123.9 billion, a 1.1% increase from the prior year. Comparable sales in the US grew 3.4% and ecommerce sales grew 37%.
- Operating income was $4.9 billion, a 4.1% decrease. However, operating income in the US grew 5.5% to $4.1 billion, driven by strong comp sales growth.
- International sales declined 4.9% to $28.8 billion due to currency impacts, but grew 1.2% excluding currency. Sam's Club comparable sales increased 0.3% while ecommerce sales grew 28%.
P&G Reports Fourth Quarter EPS of $0.92 and Operating Profit Growth of 13%, b...finance3
- P&G reported 4th quarter EPS of $0.92, a 37% increase, and operating profit growth of 13% behind balanced 5% organic sales and volume growth.
- For the fiscal year, net sales increased 9% to $83.5 billion and EPS grew 20% to $3.64, marking the 7th consecutive year of top-line growth meeting or exceeding targets.
- Segment results were mixed, with some like Beauty and Grooming seeing sales growth from new product launches and markets, while others like Health & Well-Being faced commodity cost pressures and market changes.
This document provides an overview of the Ceylon Tobacco Company (CTC). CTC is a subsidiary of British American Tobacco Holdings and is the largest manufacturer of cigarettes in Sri Lanka. It produces several popular cigarette brands. The company was incorporated in 1932 and is headquartered in Colombo. CTC's principal activities include manufacturing and marketing cigarettes and tobacco, exporting cigarettes, leaf tobacco and plants, and providing financial services. Key executives include Chairman Jayampathi Bandaranayake and CEO James Yamanaka. CTC contributes significantly to Sri Lanka's economy through tax revenue and employment. It utilizes various information systems and has a focus on utilizing information technology.
The government of Zimbabwe is reviewing its Industrial Development Policy and National Trade Policy, which are set to expire at the end of 2016. The director of enterprise development at the Ministry of Industry and Commerce said the policies are being reviewed to develop new policies for 2017-2021. The current IDP has not been successful, as manufacturing capacity utilization declined from 45% in 2012 to 34.3% last year, despite some growth in manufacturing output in 2015. Observers note ongoing challenges like low demand, lack of working capital, power outages and outdated equipment. The trade deficit also widened from 2014 to 2015.
The document reports on the escalating public row between South Africa's Hawks police unit and Finance Minister Pravin Gordhan, as the Hawks threatened legal action against the minister, causing the South African rand currency to crash through 16 to the US dollar level. The fight between the Hawks and Gordhan erupted after the unit sent him questions about a "rogue" SARS tax agency unit just before the budget, and analysts are concerned that Gordhan's departure could damage the economy as it faces recession risks.
- The document is the transcript from 3M's Q1 2006 earnings conference call.
- 3M had strong sales growth of 8.3% in Q1 2006, with all six business segments growing. Operating income grew 18.8%.
- Geographic growth was strong, with Asia Pacific growing 12.0% and Europe growing 7.9% in local currency.
SeedCo, a listed seed producer in Zimbabwe, reported a 3% increase in profit after tax for the fiscal year ending March 31, 2016 compared to the previous year, despite challenges from drought, low commodity prices, and reduced government programs. The company's turnover remained unchanged at $96 million year-over-year. SeedCo was able to increase efficiency and offer competitive pricing, which helped increase its gross margin by 7% during the period. The company plans to focus on growing its ultra-early maize seed varieties to meet increasing demand given changing weather patterns.
This document analyzes investment opportunities in Kroger, Coca-Cola, and Wet Seal. For Kroger, the author is interested due to its consistent growth and stock price near all-time highs, suggesting potential for quick returns. Coca-Cola offers dividends and steady growth excluding 2008. The author sees potential in Wet Seal given its extensive US presence but room for overseas expansion, hoping recent restructuring leads to domestic and international gains.
P&G Delivers Second Quarter EPS and Organic Sales in Line with Expectations finance3
- P&G reported diluted net earnings per share of $1.58 for the second quarter, a 61% increase from the previous year, driven by a $0.63 gain from the sale of the Folgers business. Organic sales grew 2% due to price increases and positive product mix while net sales declined 3% from unfavorable foreign exchange and lower volume.
- The CEO acknowledged it was a challenging quarter but said P&G delivered earnings in line with expectations and will continue focusing on innovation, cost management and productivity to drive long-term profitable growth.
- For the fiscal year, P&G expects organic sales growth of 2-5% and earnings per share of $4.29,
This document brings together a set
of latest data points and publicly
available information relevant for
Retail & Consumer good. We are
very excited to share this content and
believe that readers will benefit from
this periodic publication immensely.
Advertising - An engine for economic growth - Final report Nov 1st 2013Alan Cox
Advertising plays a central role in the Irish economy. It contributed an estimated €5.3 billion to Irish GDP in 2012 based on €938 million spent on advertising that year. Advertising supports jobs, funds Irish media and culture, powers markets through competition and innovation, enables the internet economy, and stimulates social change. It is estimated that every €1 spent on advertising generates €5.7 for the Irish economy on average through these various economic impacts. The report argues that policymakers should recognize advertising's outsized economic impact and consider policies to support further growth of the advertising industry in Ireland.
- Altria Group reported first quarter 2007 diluted EPS from continuing operations of $1.01, down from $1.24 in first quarter 2006 due to a lower effective tax rate in 2006. Adjusted EPS increased 5.1% to $1.03.
- Altria raised its full-year 2007 diluted EPS forecast to $4.20-$4.25, up from $4.15-$4.20 previously.
- Philip Morris International saw cigarette shipment volume increase 1.5% and operating income increase 9.5% due to higher pricing and favorable currency, though some markets like Japan and Germany declined.
P&G Delivers Double-Digit Sales Growth in First Quarterfinance3
P&G reported double-digit sales growth in the first quarter, exceeding Wall Street earnings estimates. Unit volume grew 13% driven by double-digit growth in fabric and home care and health care. Net sales increased 11% to $10.8 billion. Core earnings per share grew 17% to $1.12 per share, beating consensus estimates by two cents. The company expects high single-digit volume growth and mid to upper single-digit sales growth in the second quarter. For the fiscal year, sales growth of 4-6% and double-digit earnings per share growth are expected.
PPG Industries reported record sales and earnings for the fourth quarter of 2007. Sales increased 15% over the prior year to $2.9 billion while earnings per share increased 30% to $1.21. All of PPG's business segments experienced sales growth of at least 10% due to increased volumes, acquisitions, currency effects, and price increases. For the full year, PPG's sales were $11.2 billion and earnings per share were $5.03, representing the company's strongest annual financial performance. PPG expects continued success in 2008 despite economic challenges due to actions taken to transform and expand the company's coatings and specialty products businesses.
Rio Tinto named its top copper executive Jean-Sebastien Jacques as its new CEO, replacing Sam Walsh who led the company's iron ore expansion. Jacques oversaw negotiations to expand Rio Tinto's Oyu Tolgoi copper mine in Mongolia and will help the company boost copper production as demand is expected to increase. The appointment of Jacques signals Rio Tinto's increased focus on copper at a time when the mining industry is adjusting to China's economic shift away from heavy industry and commodities like iron ore.
Recruitment & Selection Process in BAT (British American Tobacco)Syeda Nafisa Noor
The document summarizes the recruitment and selection process at British American Tobacco (BAT). It discusses the key steps in the process, which include advertising open positions, filtering applications, conducting preliminary interviews, shortlisting candidates, assessing candidates at an assessment center through various tests like employment tests and interviews, and finally conducting final interviews to make hiring decisions. The recruitment sources for BAT include both internal sources like promotions from within, as well as external sources like new candidates.
This document provides a guide for responding to legal arguments commonly made by the tobacco industry against tobacco control laws. It summarizes the industry's strategies and provides counter-arguments based on human rights principles. The tobacco industry often claims advertising restrictions and other public health measures violate rights like free speech and private property. However, the document argues rights like health, life, and children's rights outweigh limited protections for commercial speech. It also explains that rights like property and commerce are not absolute and can be limited to protect public health. The guide aims to help advocates defend tobacco laws by framing the issue around balancing individual rights and the compelling state interest in health.
Management process Of British America Tobacco BangladeshMustafizur Rahman
The document analyzes the management process and managerial functions and skills of an area manager at British American Tobacco Bangladesh (BATB). It discusses the key functions of planning, organizing, decision making, staffing, communicating, leading, motivating and controlling. It also examines important managerial skills like technical skills, team building skills, and drive skills. The analysis found that the most important functions for marketing managers at BATB are planning, motivating employees, and controlling. Key skills include listening to employees, problem solving as a team, coordinating and cooperating across levels, setting performance standards, and motivating through energy and exerting pressure.
The document analyzes the tobacco industry in the UK using PESTEL and Porter's Five Forces frameworks. It identifies several key political, economic, social, technological, environmental, and legal factors influencing the industry. High taxation is a major driver of change that threatens tobacco companies but also provides opportunities to shift manufacturing abroad. Health awareness campaigns and smoking bans create challenges but technological innovations like e-cigarettes also threaten traditional tobacco products. The analysis provides insights into both threats and opportunities facing the UK tobacco industry from various factors.
This document provides a financial analysis of Imperial Tobacco Group PLC for 2014. It includes accounting ratios to analyze the company's performance, liquidity, gearing, investors' returns, and efficiency. Key ratios show the company's return on capital employed increased in 2013. Its current ratio, liquidity, and ability to cover interest expenses decreased slightly but were still considered adequate. The document also evaluates the company's share price, net asset value, dividend yield, historic and prospective price-earnings ratios. Based on the analysis, while the shares appear undervalued, they are recommended for long-term investors given the time needed to generate profits from the investment.
The research paper is based on analysis of annual report of PTC and its key competitors, published articles on Pakistan tobacco industry and interview of PTC Territory Executive Lahore Region Mr Raja Faheem.
Due to time and resource constraints, the study has focused on tobacco cigarettes only. For both PTC and its competitors. Therefore, all the evaluations and results relate to tobacco cigarettes and other tobacco and no-tobacco products are not analysed of the company.
- Walmart reported first quarter earnings for fiscal year 2020, with net sales of $123.9 billion, a 1.1% increase from the prior year. Comparable sales in the US grew 3.4% and ecommerce sales grew 37%.
- Operating income was $4.9 billion, a 4.1% decrease. However, operating income in the US grew 5.5% to $4.1 billion, driven by strong comp sales growth.
- International sales declined 4.9% to $28.8 billion due to currency impacts, but grew 1.2% excluding currency. Sam's Club comparable sales increased 0.3% while ecommerce sales grew 28%.
P&G Reports Fourth Quarter EPS of $0.92 and Operating Profit Growth of 13%, b...finance3
- P&G reported 4th quarter EPS of $0.92, a 37% increase, and operating profit growth of 13% behind balanced 5% organic sales and volume growth.
- For the fiscal year, net sales increased 9% to $83.5 billion and EPS grew 20% to $3.64, marking the 7th consecutive year of top-line growth meeting or exceeding targets.
- Segment results were mixed, with some like Beauty and Grooming seeing sales growth from new product launches and markets, while others like Health & Well-Being faced commodity cost pressures and market changes.
This document provides an overview of the Ceylon Tobacco Company (CTC). CTC is a subsidiary of British American Tobacco Holdings and is the largest manufacturer of cigarettes in Sri Lanka. It produces several popular cigarette brands. The company was incorporated in 1932 and is headquartered in Colombo. CTC's principal activities include manufacturing and marketing cigarettes and tobacco, exporting cigarettes, leaf tobacco and plants, and providing financial services. Key executives include Chairman Jayampathi Bandaranayake and CEO James Yamanaka. CTC contributes significantly to Sri Lanka's economy through tax revenue and employment. It utilizes various information systems and has a focus on utilizing information technology.
The government of Zimbabwe is reviewing its Industrial Development Policy and National Trade Policy, which are set to expire at the end of 2016. The director of enterprise development at the Ministry of Industry and Commerce said the policies are being reviewed to develop new policies for 2017-2021. The current IDP has not been successful, as manufacturing capacity utilization declined from 45% in 2012 to 34.3% last year, despite some growth in manufacturing output in 2015. Observers note ongoing challenges like low demand, lack of working capital, power outages and outdated equipment. The trade deficit also widened from 2014 to 2015.
The document reports on the escalating public row between South Africa's Hawks police unit and Finance Minister Pravin Gordhan, as the Hawks threatened legal action against the minister, causing the South African rand currency to crash through 16 to the US dollar level. The fight between the Hawks and Gordhan erupted after the unit sent him questions about a "rogue" SARS tax agency unit just before the budget, and analysts are concerned that Gordhan's departure could damage the economy as it faces recession risks.
- The document is the transcript from 3M's Q1 2006 earnings conference call.
- 3M had strong sales growth of 8.3% in Q1 2006, with all six business segments growing. Operating income grew 18.8%.
- Geographic growth was strong, with Asia Pacific growing 12.0% and Europe growing 7.9% in local currency.
SeedCo, a listed seed producer in Zimbabwe, reported a 3% increase in profit after tax for the fiscal year ending March 31, 2016 compared to the previous year, despite challenges from drought, low commodity prices, and reduced government programs. The company's turnover remained unchanged at $96 million year-over-year. SeedCo was able to increase efficiency and offer competitive pricing, which helped increase its gross margin by 7% during the period. The company plans to focus on growing its ultra-early maize seed varieties to meet increasing demand given changing weather patterns.
This document analyzes investment opportunities in Kroger, Coca-Cola, and Wet Seal. For Kroger, the author is interested due to its consistent growth and stock price near all-time highs, suggesting potential for quick returns. Coca-Cola offers dividends and steady growth excluding 2008. The author sees potential in Wet Seal given its extensive US presence but room for overseas expansion, hoping recent restructuring leads to domestic and international gains.
P&G Delivers Second Quarter EPS and Organic Sales in Line with Expectations finance3
- P&G reported diluted net earnings per share of $1.58 for the second quarter, a 61% increase from the previous year, driven by a $0.63 gain from the sale of the Folgers business. Organic sales grew 2% due to price increases and positive product mix while net sales declined 3% from unfavorable foreign exchange and lower volume.
- The CEO acknowledged it was a challenging quarter but said P&G delivered earnings in line with expectations and will continue focusing on innovation, cost management and productivity to drive long-term profitable growth.
- For the fiscal year, P&G expects organic sales growth of 2-5% and earnings per share of $4.29,
This document brings together a set
of latest data points and publicly
available information relevant for
Retail & Consumer good. We are
very excited to share this content and
believe that readers will benefit from
this periodic publication immensely.
Advertising - An engine for economic growth - Final report Nov 1st 2013Alan Cox
Advertising plays a central role in the Irish economy. It contributed an estimated €5.3 billion to Irish GDP in 2012 based on €938 million spent on advertising that year. Advertising supports jobs, funds Irish media and culture, powers markets through competition and innovation, enables the internet economy, and stimulates social change. It is estimated that every €1 spent on advertising generates €5.7 for the Irish economy on average through these various economic impacts. The report argues that policymakers should recognize advertising's outsized economic impact and consider policies to support further growth of the advertising industry in Ireland.
- Altria Group reported first quarter 2007 diluted EPS from continuing operations of $1.01, down from $1.24 in first quarter 2006 due to a lower effective tax rate in 2006. Adjusted EPS increased 5.1% to $1.03.
- Altria raised its full-year 2007 diluted EPS forecast to $4.20-$4.25, up from $4.15-$4.20 previously.
- Philip Morris International saw cigarette shipment volume increase 1.5% and operating income increase 9.5% due to higher pricing and favorable currency, though some markets like Japan and Germany declined.
P&G Delivers Double-Digit Sales Growth in First Quarterfinance3
P&G reported double-digit sales growth in the first quarter, exceeding Wall Street earnings estimates. Unit volume grew 13% driven by double-digit growth in fabric and home care and health care. Net sales increased 11% to $10.8 billion. Core earnings per share grew 17% to $1.12 per share, beating consensus estimates by two cents. The company expects high single-digit volume growth and mid to upper single-digit sales growth in the second quarter. For the fiscal year, sales growth of 4-6% and double-digit earnings per share growth are expected.
PPG Industries reported record sales and earnings for the fourth quarter of 2007. Sales increased 15% over the prior year to $2.9 billion while earnings per share increased 30% to $1.21. All of PPG's business segments experienced sales growth of at least 10% due to increased volumes, acquisitions, currency effects, and price increases. For the full year, PPG's sales were $11.2 billion and earnings per share were $5.03, representing the company's strongest annual financial performance. PPG expects continued success in 2008 despite economic challenges due to actions taken to transform and expand the company's coatings and specialty products businesses.
Rio Tinto named its top copper executive Jean-Sebastien Jacques as its new CEO, replacing Sam Walsh who led the company's iron ore expansion. Jacques oversaw negotiations to expand Rio Tinto's Oyu Tolgoi copper mine in Mongolia and will help the company boost copper production as demand is expected to increase. The appointment of Jacques signals Rio Tinto's increased focus on copper at a time when the mining industry is adjusting to China's economic shift away from heavy industry and commodities like iron ore.
Recruitment & Selection Process in BAT (British American Tobacco)Syeda Nafisa Noor
The document summarizes the recruitment and selection process at British American Tobacco (BAT). It discusses the key steps in the process, which include advertising open positions, filtering applications, conducting preliminary interviews, shortlisting candidates, assessing candidates at an assessment center through various tests like employment tests and interviews, and finally conducting final interviews to make hiring decisions. The recruitment sources for BAT include both internal sources like promotions from within, as well as external sources like new candidates.
This document provides a guide for responding to legal arguments commonly made by the tobacco industry against tobacco control laws. It summarizes the industry's strategies and provides counter-arguments based on human rights principles. The tobacco industry often claims advertising restrictions and other public health measures violate rights like free speech and private property. However, the document argues rights like health, life, and children's rights outweigh limited protections for commercial speech. It also explains that rights like property and commerce are not absolute and can be limited to protect public health. The guide aims to help advocates defend tobacco laws by framing the issue around balancing individual rights and the compelling state interest in health.
British American Tobacco Bangladesh (BATB) engages in various corporate social responsibility activities. It provides safe drinking water, afforestation projects, solar home systems, and support for farmers. BATB aims to treat employees fairly and ensure dignity at work. It communicates internally and balances work and personal life for employees. However, some view BATB's production and marketing of tobacco products as controversial.
British American Tobacco se formó en 1902 como una empresa conjunta entre compañías británicas y estadounidenses. Actualmente tiene presencia en más de 180 países y es líder en más de 50 mercados, incluyendo Perú. El documento analiza el contexto demográfico, industrial, político-legal y tecnológico del mercado de tabaco a nivel mundial y en Perú.
Michael Porter identified three generic competitive strategies for achieving competitive advantage: cost leadership, differentiation, and focus. Cost leadership involves having the lowest costs in the industry. Differentiation creates a product or service that is perceived as unique. Focus involves targeting a narrow market segment and achieving either cost leadership or differentiation within that segment.
The document provides information about the paint industry in India and Asian Paints. It states that the paint industry in India is estimated at INR 135 billion with 35% of the market being unorganized. Asian Paints started in 1942 and has since become a market leader in India with over 35% market share. It has operations in 17 countries and 23 manufacturing facilities. While it faces threats from competition and raw material price fluctuations, it can leverage opportunities in the rural market and automotive industry.
British American Tobacco (BAT) successfully completed one of the largest global SAP transformation projects. BAT secured high-level business sponsorship, treated the project as a business rather than IT project, and ensured delivery excellence through an industrialized deployment approach focused on speed. As a result, BAT realized significant business benefits on time and on budget from operating on a single global SAP instance and new target operating model. CIOs can learn from BAT's approach to ensure success of their own ERP-enabled transformations.
1) India has a federal republic government system and stable political situation. The economy is growing continuously with a market-based system and high foreign investment.
2) Asian Paints is India's largest paint company and one of the top ten globally. It has operations in 17 countries and 23 manufacturing facilities serving 65 countries.
3) The company focuses on expanding internationally in emerging markets through regional hubs and acquisitions, while pursuing margin growth and a customer-centric approach in India.
This document provides an overview of Dangote Flour Mills Plc's annual report for the year ended 30 September 2014. It summarizes the company's financial performance, noting a decline in revenue and increase in losses year-over-year. It also discusses changes to the board of directors and leadership team, and proposes changing the company's name to Tiger Branded Consumer Goods Plc to reflect a change in majority ownership. Looking ahead, the company plans to optimize its business infrastructure as part of a business recovery strategy.
Lion Brewery (Ceylon) PLC reported its annual results for the 2014/15 financial year. While revenue increased 25% to Rs. 32.3 billion due to price increases from excise duty revisions, profitability was impacted by the removal of VAT recovery and additional costs from acquiring Millers Brewery. The company completed expanding its production facility to have a world-class operation capable of meeting all of Sri Lanka's beer needs. Lion brands received various awards recognizing their quality, but challenges remain from changes to the taxation structure for the alcohol industry.
The document provides an overview of Tiger Branded Consumer Goods Plc's performance for the year ended 30 September 2015. Key points include:
- Group turnover grew 16.4% to NGN48 billion, but the company reported a net loss of NGN12.7 billion due to impairment charges and foreign exchange losses.
- The flour division saw a 26.1% increase in gross profit despite higher costs from naira devaluation. Pasta sales grew 43.7% and losses reduced. Noodles sales fell 5% and losses rose 34.3%.
- Major shareholders Tiger Brands and Dangote Industries reached an agreement in December 2015 for Dangote to acquire Tiger Brands' stake
The document is a report submitted to a professor analyzing the effect of leverage on earnings per share (EPS) and earnings before interest and taxes (EBIT) of British American Tobacco Bangladesh. The report includes an introduction to the company, acknowledgments, an executive summary, table of contents, and the beginning of chapter 1 which provides background information on the company.
This earnings release summarizes Banco BI&P's financial results for the 3rd quarter of 2013. Key highlights include:
1) The bank launched a new investment platform called "guide investimentos" to provide asset management services and broaden its brokerage business.
2) It completed the acquisition of Banco Intercap and announced a capital increase of R$107 million to be subscribed by Intercap shareholders.
3) The bank's commercial team originated R$3.4 billion in loans in the quarter, up 3.9% from the previous quarter. Its credit portfolio grew 12.2% year-over-year.
- Danske Bank reported higher profits in the second quarter compared to the first quarter, however revised its full-year guidance downwards due to market turbulence in June negatively impacting results.
- Net interest income was up slightly despite falling lending volumes, while costs were contained at the same level as the previous quarter. Loan impairments in core markets declined significantly.
- The Non-core business loss narrowed, while trading income increased due to asset value adjustments, though income at Corporates & Institutions was down on market volatility.
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PepsiCos financial statements are presented in Appendix B .pdfabhishekcctv
On January 1, 2020, ABC Corp. purchased 30,000 shares of the voting common stock of XYZ,
Inc. During 2020, XYZ had the following information: Reported earnings $ 550,000 Paid dividends
$ 380,000 Common stock at $15 par value $1,500,000 Additional paid in capital - common stock $
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1. Financial Report on
British American
Tobacco
Year 2013
MuhammadTanvir Hossain : 13164042
SayedMohammadAminFaysal : 13164083
Md. Rajibul Haque : 13164096
Rossi NormanDias : 13164082
Kazi Mitul Mahmud : 12264047
2. Financial Accounting : 501 [FINANCIAL REPORT ON BRITISH AMERICAN TOBACCO]
2 | P a g e
Introduction:
This is a financial report based on British American Tobacco Bangladesh, which is a well-known
tobacco company in the world. In this report the substance below will be analysed the financial
performance in the year ending 2013.
"British American Tobacco Bangladesh strongly believes that success and responsibility go
hand in hand. As the largest private sector tax payer of the country, we are playing our part as a
responsible corporate citizen" Arun Kaul, Managing Director.
The Company:
The presence of British American Tobacco in this part of the world can be traced back to 1910.
Beginningthe journey asImperialTobacco101 yearsago, the Companyset up its first sales depot at
ArmanitolainDhaka.Afterthe partition of Indiain1947, PakistanTobacco Companywas established
in 1949. The first factory in Bangladesh (the then East Pakistan) was setup in 1949 at Fauzdarhat in
Chittagong. In 1965, the second factory of Pakistan Tobacco Company went into production in
Mohakhali, Dhaka.Thereafteritbecame BangladeshTobacco CompanyLimitedin1972 immediately
after Bangladesh's independence. In 1998, the Company changed its name and identity to British
American Tobacco Bangladesh ("BAT Bangladesh") aligning the corporate identity with other
operating companies in the British American Tobacco Group.
BAT Bangladeshisa part of BAT plc,the world's most international tobacco group, with brands sold
in 180 markets around the world. We make high quality tobacco products for the diverse
preferencesof consumers,spanningthe business'from crop to consumer' and we are committed to
embedding the principles of corporate social responsibility Groupwide.
Our Shareholders
We were amongthe first companies to be listed on the Dhaka and Chittagong Stock Exchanges and
currently rankedamongstthe top 10 companies in terms of market capitalisation. British American
Tobacco Group holds 65.91% of our shares; 17.52% is owned by Investment Corporation of
Bangladesh;ShadharanBima Corporation, Bangladesh Development Bank Limited, Government of
People's Republic of Bangladesh, Sena Kallyan Sangstha own 4.71% and a further 11.86% is owned
by other shareholders.
Our Portfolio of Products
Our success comes from satisfying informed adult smokers. We manufacture and market high
quality and well established international cigarette brands as well as local brands. The brand
portfolioof BATBangladeshcurrently consistsof Benson&Hedges,JohnPlayer Gold Leaf, Pall Mall,
Capstan, Star, Scissors, Bristol, Pilot and Hollywood .
Our Operations
We grow our tobacco leaves through our registered farmers in Kushtia, Chittagong, Manikganj and
Rangpur zones. Both our Head Office and Cigarette Manufacturing Plant are located in Mohakhali,
Dhaka. We have one Green Leaf Threshing Plant in Kushtia and a Redrying Plant in Manikganj.
Our People – Our Strength
BAT Bangladesh employs more than 1,200 people directly and about 50,000 people indirectly as
farmers,distributorsandlocal suppliers.We take greatpride insayingthat BAT Bangladesh is one of
the most preferred employers in the country. It is our pool of talented people who bring their
difference everyday and make BAT Bangladesh a great place to work for all of us.
3. Financial Accounting : 501 [FINANCIAL REPORT ON BRITISH AMERICAN TOBACCO]
3 | P a g e
Our Contribution
BAT Bangladeshisone of the largestmultinational companies in Bangladesh. Consequently, we are
alsoone of the largestprivate sectortax payersinthe formof Supplementary DutyandValue Added
Tax. Over time, we have successfully established ourselves as the company contributing to
economic, social and human resource development.
Financial Report 2013:
It is a pleasure and privilege on the part of the Board of Directors to place herewith the Directors'
Report and Auditors' Report together with the audited financial statements of British American
Tobacco Bangladesh Company Limited for the year ended 31 December 2013 before the
Shareholders of the Company.
Key Strategic Pillars
Throughout 2013 your Company continued to focus on the key strategic pillars of Growth,
Productivity, Responsibility and Winning Organisation as enablers to deliver the desired business
resultsforthe financial year.Thisreportpresentsdiscussions onthe salientfeaturesandactivitiesof
the business under each pillar and then highlights the financial performance of your Company.
Growth
Industry Outlook
Despite considerable macroeconomic challenges in 2013, the cigarette industry witnessed a
moderate growthof around20% inthe year.But the volume growthisexpectedto decline in future
due to yearon year price increase over inflation with the tax on biri remaining at the same level in
the last fewyears'budget.LowSegmentgrowthcontinuedandMediumSegment declined steadily.
The High segment showed some signs of recovery, but post mid-year tax-led price increase, the
Premiumsegmentcame underheavypressure and no sign of growth momentum was visible in the
segment.Going forward, the different segments in the industry will continue this trend under the
prevailing market conditions.
0
5
10
15
20
25
30
35
40
45
2009 2010 2011 2012 2013
Leaf Export Earnings in million
USD
4. Financial Accounting : 501 [FINANCIAL REPORT ON BRITISH AMERICAN TOBACCO]
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Financial Statement For The Year 2013:
The key operating and financial data for the year 2013 along with immediate preceding two years
are presented below:
British American Tobacco Bangladesh Company Limited
Statement of Financial Position as 31 December 2013
Description 2011 2012 2013
Taka '000s Taka '000s Taka '000s
ASSETS
Non-CurrentAssets:
Property,Plantandequipment 5,376,634.00 5,861,627.00 5,619,130.50
CurrentAssets:
Inventories 5,373,033.00 4,956,887.00 5,164,960.00
Trade & Otherreceivables 973,825.00 937,873.00 955,849.00
Advance, Depositandprepayments 590,164.00 1,007,539.00 798,851.50
Cash and Cashequivalents 837,393.00 2,270,567.00 1,553,980.00
Total currents assets 7,774,415.00 9,172,866.00 8,473,640.50
Total assets 13,151,049.00 15,034,493.00 14,092,771.00
EQUITY AND LIABILITIES
Shareholder'sequity:
Share capital 600,000.00 600,000.00 600,000.00
Capital reserve 64,896.00 64,896.00 64,896.00
Revenue reserve 5,246,404.00 6,368,044.00 5,807,224.00
Total equity 5,911,300.00 7,032,940.00 6,472,120.00
Non-currentliabilities:
Gratuity 252,089.00 240,592.00 246,340.50
Deferredtax liability 669,079.00 723,643.00 696,361.00
Obligationunderfinancelease 17,876.00 7,541.00 12,708.50
(due after oneyear)
Total non-currentliabilities 939,044.00 971,776.00 955,410.00
Current liabilities:
Provisionforexpenses 1,838,021.00 2,188,035.00 2,013,028.00
Trade and otherpayables 3,467,716.00 3,245,676.00 3,356,696.00
Provisionforcorporate Tax 977,943.00 1,585,731.00 1,281,837.00
Obligationunderfinancelease 17,025.00 10,335.00 13,680.00
(due after one year)
Total current liabilities 6,300,705.00 7,029,777.00 6,665,241.00
Total equityand liabilities 13,151,049.00 15,034,493.00 14,092,771.00
5. Financial Accounting : 501 [FINANCIAL REPORT ON BRITISH AMERICAN TOBACCO]
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British American Tobacco Bangladesh Company Limited
Statement of Comprehensive Income For the year ended 31 December 2013
Description 2011 2012 2013
Taka '000s Taka '000s Taka '000s
Gross Turnover 75,357,351.00 90,174,080.00 95,180,572.83
Supplementary duty&VAT 52,088,490.00 62,702,736.00 57,395,613.00
Net turnover 23,268,861.00 27,471,344.00 37,784,959.83
Cost of Sales 13,455,535.00 15,946,224.00 14,700,879.50
Gross Profit 9,813,326.00 11,525,120.00 23,084,080.33
Operatingexpenses 4,567,237.00 4,612,418.00 4,589,827.50
Operating profit 5,246,089.00 6,912,702.00 18,494,252.83
Otherincome 36,868.00 50,820.00 43,844.00
NetFinancial income /(expense) (110,687.00) (119,878.00) (115,283.00)
5,172,270.00 6,843,644.00 18,422,813.83
Workers' profitparticipation fund 258,614.00 342,182.00 300,398.00
Profitbefore income tax 4,913,656.00 6,501,462.00 18,122,415.83
Income tax expense
Currenttax 2,211,975.00 2,505,258.00 2,340,099.19
Deferredtax 151,090.00 54,564.00 102,827.00
2,363,065.00 2,559,822.00 2,442,926.19
Profit for the year 2,550,591.00 3,941,640.00 15,679,489.64
Othercomprehensiveincome - - -
Total comprehensive income forthe year 2,550,591.00 3,941,640.00 15,679,489.64
Taka Taka Taka
EarningsPer Share 42.51 65.69 261.32
6. Financial Accounting : 501 [FINANCIAL REPORT ON BRITISH AMERICAN TOBACCO]
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An interim cash dividend of 100% i.e. Tk. 10 (ten) per share amounting to Tk 600,000,000 was paid in November 2013.
In view of the performance of the Company and the current cash position, the Board now recommends a final cash
Dividend of 400% i.e Tk. 40 (forty) per share amounting to Tk. 2,400,000,000 for the year 2013, to be approved in the
41th Annual General Meeting of the Company. Inclusive of the 100% interim dividend paid already, the total Cash
Dividendof the Company, accordingly,would standat 500% for the year 2013. After approval of the above mentioned
proposed final dividend, the summary of the total dividend paid in 2013 is represented below:
British American Tobacco Bangladesh Company Limited
Statement of changes in Equity for the year ended 31 December 2013
Description Share Revenue Capital
Capital reserve reserve Total
Taka
'000s Taka '000s Taka '000s Taka '000s
Balance at 1 January 2011 600,000 5,575,813 64,896 6,240,709
Dividendpaidin2011 2,880,000 2,880,000
Final Dividendfor2010 2,580,000 2,580,000
InterimDividendfor2011 300,000 300,000
Total comprehensiveincome forthe
year 2,550,591 2,550,591
Balance as at 31 December2011 600,000 5,246,404 64,896 5,911,300
Balance at 1 January 2012 600,000 5,246,404 64,896 5,911,300
Dividendpaidin2012 2,820,000 2,820,000
Final Dividendfor2011 2,220,000 2,220,000
InterimDividendfor2012 600,000 600,000
Total comprehensiveincome forthe
year 3,941,640 3,941,640
Balance as at 31 December2012 600,000 6,368,044 64,896 7,032,940
7. Financial Accounting : 501 [FINANCIAL REPORT ON BRITISH AMERICAN TOBACCO]
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Balance at 1 January 2013 600,000 5,411,109 64,896 6,076,005
Dividendpaidin2013 2850000 2850000
Final Dividendfor2012 2,400,000 2,400,000
InterimDividendfor2013 450,000.0 450,000
Total comprehensiveincome forthe
year 15,679,490 15,679,490
Balance as at 31 December2013 600,000 18,240,599 64,896 18,905,495
8. Financial Accounting : 501 [FINANCIAL REPORT ON BRITISH AMERICAN TOBACCO]
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British American Tobacco Bangladesh
Company Limited
Statement of cash flow for the year ended 31 December 2013
2011 2012 2013
Cash flowsfrom Operating
activities;
Collectionfromdistributors,leaf
export& others 90,283,106.00 74,950,453.00 82,616,779.50
Paymentforcost & expense (21,590,921.00) (17,794,614.00) (19,692,767.50)
Supplementaryduty&Vatpaid (61,324,848.00) (52,099,969.00) (56,712,408.50)
Cash generatedfrom
operation 7,367,337.00 5,055,870.00 6,211,603.50
Income tax paid (1,897,470.00) (1,880,970.00) (1,889,220.00)
Interestpaid (119,878.00) (110,687.00) (115,282.50)
Netcash flowsfrom
operatingactivities 5,349,989.00 3,064,213.00 4,207,101.00
Cash flowsfrom Investing
activities;
Acquisitionof plant,property&
equipment (1,116,245.00) (707,823.00) (912,034.00)
Proceedsfromsalesof plant,
property & equipment 30,145.00 27,686.00 28,915.50
Netcash usedin
investingactivities (1,086,100.00) (680,137.00) (883,118.50)
Cash flowsfrom Financing
activities;
Finance lease obligation (17,025.00) (17,085.00) (17,055.00)
Dividendpaid (2,813,690.00) (2,873,451.00) (2,843,570.50)
Netcash usedin
financingactivities (2,830,715.00) (2,890,536.00) (2,860,625.50)
9. Financial Accounting : 501 [FINANCIAL REPORT ON BRITISH AMERICAN TOBACCO]
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BritishAmerican Tobacco Bangladesh has cash and cash equivalents at the end of the year 2013 Tk.
155 corers, which is 93% more than year 2012.
Grossturnover for the year 2013:
Gross Turnoveraverage of (2011+2012) 82,765,715.50
20% increase 12,414,857.33
95,180,572.83
Profit after income tax:
2011 2012 2,013.00
Profitbefore income tax 4,913,656 6,501,462 5,707,559.00
Percentage of Tax 45% 38% 0.41
CurrentTax 2,211,975 2,505,258 2,340,099.19
Profitafterincome tax 2,701,681 3,996,204 3,367,459.81
BritishAmericanTobaccoBangladeshcontinuestocontribute 2/3rd of the total tax collections from
the cigarette industry. In 2013, the Company contributed BDT 6,698 corers as supplementary duty,
value addedtax and othertaxes.Thisrepresents an increase of BDT 1,107 corers. The Company will
continue tosupportGovernment proposals that establish a sustainable level of tax contribution to
the National Exchequer while ensuring a sustainable growth for the industry.
In the National Budget for 2012-2013, the Corporate Tax rate for a cigarette manufacturer listed in
Stock Exchange was increased from 27.5% to 35%. Along with this increase, 10% rebate for paying
more than 20% dividendswaswithdrawn.Asaresult, applicableCorporate Tax rate forthe Company
has increasedfrom24.75% to 35%. The Companyacknowledges the Government’s revenue growth
targets to support the momentum of a growing and expanding economy and it has been working
with National Board of Revenue (NBR) over the years to ensure sustainable revenue growth from
cigarette industryinthe form of indirecttax.However,the Companystronglyfeels that by targeting
the Corporate Tax structure of cigarette manufacturer listed in the Stock Exchange, Government’s
gain is minimal. Rather, it significantly impacts the shareholders’ return (which includes the
Government of Bangladesh), discourages the Company to declare high dividends, and takes away
the incentive forothertobaccocompaniestobe listedinthe stockexchange. The Company strongly
Netincrease /(decrease) incash&
cash equivalentforthe year 1,433,174.00 (506,460.00) 463,357.00
Cash & cash equivalentatthe
beginningof the year 837,393.00 1,343,853.00 1,090,623.00
Cash& cash equivalentsat
the endof the year 2,270,567.00 837,393.00 1,553,980.00
10. Financial Accounting : 501 [FINANCIAL REPORT ON BRITISH AMERICAN TOBACCO]
10 | P a g e
hopes that the Government will reinstate the 10% tax rebate for paying more than 20% dividends
when considering the upcoming National Budget.
Conclusion:
The Company grew its gross turnover to BDT 9,518 corers, up by BDT 501 corers from the previous
year. This increase was driven by volume growth and tax-led price increases. Profit before tax
decreased by 38% from BDT 650 corers last year to BDT 570 corers in 2013. The higher profit before
tax reflects higher volumes, better brand mix and increased price, as well as cost savings and
productivity initiatives driven across the Company. There is no significant variance between the
quarterly and the annual financial performance of your Company for the year 2013. Furthermore,
there isno extra-ordinary gainorloss in 2013. The notes to the annual financial statements explain
the variations against the previous year.