1. Essay On Brazil
| RESEARCH ASSIGNMENT | Brazil: Swimear & Surfwear | | Warwick Brown (87354922) | |
| Contents EXECUTIVE SUMMARY 1 SITUATION ANALYSIS 1 POLITICAL 1 ECONOMIC 2
SOCIAL 3 TECHNOLOGICAL 5 LEGAL 6 ENVIRONMENTAL 7 THE SWIMWEAR
INDUSTRY 8 BRAZILIAN BRANDS 9 AUSTRALIAN BRANDS 10 MARKET ENTRY
STRATEGIES 12 EXPORT 12 JOINT VENTURE 12 DIRECT INVESTMENT 13 PREFERRED
STRATEGY 13 APPENDIX 15 BIBLIOGRAPHY 16 EXECUTIVE SUMMARY Brazil is the
largest economy in South America, with GDP of $US 1,314 billion and a population of 192 million.
It is also one in which there is enormous inequality of wealth distribution, which presents challenges
for the government, and the economy. Largely ... Show more content on Helpwriting.net ...
cotton growers. (Klapper 2009). Reducing poverty is a major initiative of the Lulu administration.
Income distribution in Brazil is one of the most unequal in the world. In 1989 it ranked second, in
2006, it ranked tenth. (Matins–Bekat and Kulkarni 2009). Standards of living have been lifted
through economic stabilisation and social programs, such as Bolsa Família (Family Fund Program)
which provides support to parents to feed, clothe, educate and care for their children. Corruption is a
continuing problem with the divide between rich and poor, and the high levels of crime. In
Transparency Internationals' annual Corruption Perception Index, in 2008 Brazil ranked 80 (with the
1st ranking being the least corrupt) out of 180 countries. (Transparency International n.d.). The
Government itself is the target of corruption accusations. For example, the Senate has only 81
members, but is supported by a staff of more than 10,000 – with benefits such as health insurance,
generous pensions and housing allowances, leading to claims of nepotism. Police are currently
investigation more than 660 acts that have been passed since 1995 that have awarded jobs and pay
rises to members of staff, and four Senate Presidents in the last 8 years have been embroiled in
scandals. (The Economist 2009) ECONOMIC With a population of 192 million, Brazil is Latin
America's largest economy and the world's 10th largest with a GDP
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2.
3. Billabong Case Study
Billabong Case Study Managing Change HISTORY ← Australia's largest surfwear manufacturer,
annual sales = $680 million (2003/04) ← Core business = marketing, distribution and retail of
clothing, accessories and eyewear ← Sells products under other brand names including: Element
(Skate wear) Von Zipper (sunglasses) Honolua Surf Company ← Founded in 1973 – by Gordan and
Rita Merchant ← Reputation = supplying quality surfwear = innovative product design ← Began
with boardshorts, within a few years extended to surfboards, wetsuits and t–shirts ← 1983 – began
distributing to US in order to increase sales and establish global ... Show more content on
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Business culture ← Greatest changes occurred since 1998 = consortium of investors led by former
CEO Matthew Perrin and current chairman Gary Pemberton bought 49% of Billabong – assuming
management control, implementing new processes in the business and tightening control over the
company's o/s subsidiaries RESPONSES TO CHANGE Billabong has responded to change in 3
ways: 1. Expanded into new o/s markets and diversified its product range, making the company less
susceptible to sudden swings in demand in a single market or for a single product. 2. Expanded its
presence in other youth–oriented markets through the use of strategic alliances (eg. Billabong
Channel [V] tour bus) providing thousands of dollars of free publicity 3. Outsourced much of its
production to o/s manufacturers, letting the company simply focus on designing new products.
Outsourcing has allowed Billabong to lower its costs and maintain a competitive advantage in this
price–sensitive markets REASONS FOR RESISTANCE TO CHANGE AT BILLABONG ←
Financial costs of growth and expansion ← Billabong's managers have also hindered the process of
change – Eg. 2001 = CEO
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7. Billabong International Ltd
BILLABONG INTERNATIONAL LTD
Completed as part of the requirements for 'Corporate Finance', 25765
Contents
1.0 Introduction 1
2.0 Executive Summary 1
3.0 Capital Structure 2
3.1 Types of Funding Utilised by Billabong 3
3.2 Recent trend in the level of leverage 3
3.3 Capital expenditure and financing: 5
3.4 Capital Structure of Similar Firms 6
3.5 Company Characteristics and Leverage policy 7
3.5.1 Taxes 8
3.5.2 Trade off Model 8
3.5.3 Pecking Order of Financing Choices 9
3.5.4 Signalling Theory 9
3.6 Optimal Capital Structure 10
4.0 Dividend Policy 10
4.1 Billabong dividend history 11
4.1.1 Lintner's Stylised Facts & Clientele Effects 12
4.2 Similar firms Dividend Analysis 13
4.3 Relative Comparison of Billabong ... Show more content on Helpwriting.net ...
Gazal, a similar firm, follows the same strategic approach as Billabong taking the advantage of
being a levered firm and perceived to having a target ratio. Gazal's differs to Billabong in the
approach of taking higher debt–to–equity ratio. Country Road, another comparable firm, takes on a
different capital structure to the others as it recently became an unlevered firm.
Billabong was listed on the ASX in 2000 and has consistently shown a strong performance in
EBITA up to 2008 at $293.06 million, a 12.87% increase over the previous year. The consistent
increase in EBIT over the period has enabled the company to declare stable dividends. During the
same period there is consistent increase in EPS and DPS, hence a sign of Billabong's policy to
attract shareholders by paying high dividend. In 2009 EBITDA slightly decreased from $265.85
million to $242.57 million representing a decrease of 8.6% along with dividend decrease.
8. Billabong has consistently paid higher dividends than Gazal and Country Road. Gazal dividend
history shows their dividend franking percentage remained constant at 100% from 2004 to 2009.
Country Road franking percentage has increased from 0% in 2003 to 100% in 2009 as they invest in
positive NPV projects. Billabong is perceived to be outperforming the market but Country Road is
quickly closing in, hence Billabong needs to maintain their target payout ratio to
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9.
10. Examples Of Aboriginal Spirituality
'The Dreaming' is an important part of Aboriginal's spirituality. It refers to past, present and future,
and, like other religions, it explains how the land came to be and connects the Aboriginals to their
ancestors.
The Dreaming is foundation for Aboriginal culture and features transcendent and immanent world
views. The term 'Transcendent world views' refers to a person's belief in a higher dimension and/or a
higher power than themselves. There are many examples of transcendent world views in The
Dreaming. The supernatural world that the Aborigines believe in is closely linked with the land. In
fact, they believe that the land and themselves were created by ancient spirits and the land is the
mother of all living things.
These spirits are part of the spiritual dimension which makes them part of the Dreaming's
transcendent worldview. One of these spirits is known as the Rainbow Serpent. The story of the
Rainbow Serpent creating the world ... Show more content on Helpwriting.net ...
There are also features of The Dreaming that are considered as an immanent worldview. The
Aboriginals pay their spirit ancestors with great respect and honour them as they are said to have
created the land and mouldered all the humans from the ground. These spirits visit the land in
different forms, e.g. animals. As these spirits moved through the land they created animals, rocks,
rivers, plants, and other forms of land that we are aware of today. Once the spirit ancestors had
completed their work they all turned into different objects such as rocks, trees, and waterholes.
Today, these places are sacred to the Aboriginals and are treated with great respect. Since these spirit
ancestors did not disappear after they had finished creating the world but remained in different
places/objects in nature, the Dreaming stories are everlasting and they connect the Aboriginals to
their ancestors, their past and to the
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11.
12. How Does Australia Become Too Americanised
Is Australia becoming too Americanised? Americanisation is to make or become American in
character. American culture is overriding the culture of our nation and will continue to as American
aspects keep becoming larger within Australia. Over the past years Australia's identity is being
merged with America, as aspects like American foods/ brands, TV/film, trends and slang are
becoming extremely popular and influencing Australian citizens. Through these common American
aspects our Australian culture as what it is stereotyped to be fading dramatically.
American based food industries and American brands are becoming increasingly popular within
Australia. Businesses such as McDonald's are more common within Australia compared to places
like the UK as the amount of McDonald's is significantly less. Although McDonalds is an American
company they include Australian produce such as meats to make it seem Australian. Many typical
Australian food brands are actually owned by other American companies, such as vegemite
originally owned by Kraft but is now currently owned by a US Confectionary company. Due to the
change in ownership the once know ... Show more content on Helpwriting.net ...
After the war, Australia struggled to keep up with the increase in Hollywood films and television
programs. This was shown as during the 1960's, 83% of television programs viewed in Australia
were American. America's population is larger than Australia, and as both are English speaking
countries, it is cheaper for America to produce films due to the higher demand and higher economy.
Australian films often include American actors as this creates a higher rating and higher demand to
see the film. As the majority of movies are America based or have American actors, it influences
how Australian's behave and act in terms of language and common slang, as what is portrayed in
American comes forward into
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13.
14. Corporate Governance Evaluation of David Jones Ltd,...
FINS3626 Group Assignment Evaluation of BBG, DJS, TEN, EWC Executive Summary
Phenomenal growth of interest in corporate governance has emerged in recent years. The body of
literature on the subject has grown markedly in response to successive waves of large corporate
failures. Furthermore, there have been numerous attempts to define what constitutes 'good corporate
governance' and to provide guidelines in order to enhance the quality of corporate governance. It
must, however, be acknowledged that while everyone advocates and wants corporations to maintain
'good corporate governance', measuring the quality of corporate governance structures of the
Australian companies has been, at best, very difficult. The major contribution of ... Show more
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In particular, the independent judgement of board members is crucial in the bearing on board
decisions to ensure that this goal is achieved. 1. Does the board comprise a majority of independent
directors? Ensuring that a majority of independent directors to monitor the actions of executive
directors helps to address the potential for, or perception of, conflict of interest of executive director
involvement in board decisions. A good corporate governance structure would encourage the board
to regularly assess whether each non–executive director is independent. 2. Are the roles of the
chairperson and chief executive officer (CEO) exercised by different individuals? This clear division
of responsibility would help to counterbalance the power and influence of the CEO in the decision
making of the company's directors. Furthermore, this would enhance the supporting role that may be
assumed by the chairman in being the CEO's confidante. 3. Has the board established a nomination
committee which consists of a majority of independent directors? The board should be structured in
such a way that it ensures an appropriate mix of skills and expertise to govern the company and
enhance its performance role. The committee should be structured in such a way that a majority of
independent directors can enhance the board's
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15.
16. Dinosaurs : What Are Dinosaurs?
Part A: What are Dinosaurs?
Dinosaurs are land–dwelling reptiles that once roamed the Earth and the word comes from a Greek
word that means "terrible lizard". Dinosaurs are defined by their skeleton features, particularly the
way they hold the limbs. Dinosaurs limbs support them from beneath, (like a horse), while modern–
day reptiles (such as crocodiles and lizards) limbs come out from the sides. Dinosaur are a diverse
species ranging in different shapes and sizes and were able to survive in a variety of ecosystems
(Australian Museum, 2016) (Natural History Museum, 2017) (Dinosaur Jungle, 2015).
Dinosaurs are divided into two major groups based on their hip structure, the Saurischia (lizard–
hipped) and the Ornithischia (bird–hipped). In ... Show more content on Helpwriting.net ...
The skeleton consisted of Nine isolated teeth, left dentary (lower jaw), right and left upper ribs,
partial right ilium, both ulnae (forearm), right forearm bone, finger bones, claws, right femur (thigh),
both tibiae (shin bones), right fibula (calf bone), right ankle bone, foot bones, foot claws.
Almost all the fossils were discovered at the bottom of a Billabong near the town of Winton,
Queensland. The site was known as Billabong Bonebed, where the greatest amount of dinosaur
bones of the Australovenator and diamantinasaurus ever in Australia. In 1981 near Eagles Nest in
southern Victoria, a dinosaur bone was discovered and immediately recognised as an ankle bone of a
theropod dinosaur. It was first thought to belong to a dwarf species of Allosaurus, because of the
similar features, but in 2009 it was confidently assigned as the Australovenator. The Australovenator
was a 5–6m swift predator that stood about 1.6m high and unlike most theropod dinosaurs, the
Australovenator had
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17.
18. We Are The Boys From Old Britannia Poetic Devices
Songs and song lyrics can take many different forms. Like poetry, they tend to use many different
literary elements to convey a story. While most songs don't necessarily have a rhyme scheme like
some poems, they do however use elements such as imagery, diction, and many more elements that
can be found in poetry. The four songs "Rule Britannia", "Land of Hope and Glory", "Waltzing
Matilda", and "We are the Boys from old Florida" demonstrate the use of poetic elements to tell a
story. Out of all of these songs, none are more poetic than "Rule Britannia". This song uses great
imagery, allowing the audience to immerse themselves in a stunning picture of the illustrious nation
of Great Britain. The use of phrases like 'Britannia rules the waves' ... Show more content on
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This can be seen in its emotion. Just like poetry, this song has an ability to create great emotion in
those who hear it and are familiar with its meaning. To someone who is apart of the Gator Nation, it
can stir up a lot of different emotions. For a University of Florida alumni it could bring back
memories of their college days. It could also tie some thoughts into the Florida Ubiquity if the
alumni has relocated. For a current student, it can bring the emotion of pride in being apart of one of
the best universities in the nation. Also, it can remind that student of the tradition of locking arms
and singing "We are the Boys from Old Florida" at the end of the third quarter of every home
football game. For all future students it could give them a feeling of excitement. Being able to be a
part of a great educational system that one can be proud of is very exciting and fulfilling. Just like
poetry, this song uses a lot of imagery. It depicts the family of the Gator Nation in great light. It
says, "We are the boys from old Florida." This showcases the Gator Nation as a group that is proud.
Next, it says, "Where the girls' the fairest... the boys the squarest of any old state down our way."
This tells the audience that the girls are the prettiest and the boys are the most
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19.
20. Business
2.1 Introduction Marketing's role is to match the capabilities and resources within the organisation
with market opportunities external to the organisation. Understanding customer needs is central to
achieving this aim, but marketers must also be aware of factors that can cause customer need to
evolve. A change in customer needs will impact upon the organisation's ability to serve its
customers. This means that marketers have to be knowledgeable about what is happening in the
external environment, or macro environment. Beyond the organisations that immediately influence a
company's operations lies the macro environment. This consists of the larger social and international
forces that affect the society within which a company operates. ... Show more content on
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I. Financial: – ability to obtain funds ii. Media: – carry news, features, editorial opinion iii.
Government: – iv. Citizen–action: – v. Local: – vi. General: – vii. Internal: – Competitive this report
will explore the strategic analysis of Vodafone Plc., a world's biggest mobile network. Firstly,
history of Vodafone will be explained. Secondly, external environment will be examined with the
help of PESTLE analysis. Thirdly, internal environment will be analysed for the various key
strategies. Fourthly, Vodafone's competitive situation explained with the help of SWOT analysis and
finally conclusion about Vodafone strategy with regards to competitors will be drawn for current
situation. 2.2 Segments. A 'market' after all is the aggregate of consumers of a given product. And,
consumer (the end user), who makes a market, are of varying characteristics user and buying
behaviour. There are different factors contributing for varying mind set of consumers. It is thus
natural that many differing segments occur within a market. In order to capture this heterogeneous
market for any product, marketers usually divide or disintegrate the market into a number of sub–
markets/segments and the process is known as market segmentation. Segmentation thus we can say
that market segmentation is the segmentation of markets into homogenous groups of customers,
each of them reacting
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21.
22. Key Selection Criteria
Key Selection Criteria 1. A certificate from a qualified swim instructor demonstrating an ability to
swim 100 meters unassisted without stopping, in under four minutes. Until 2012 I attended
swimming classes regularly and had a high swimming ability, and could easily swim 100 meters in
any stroke, I still hold a high ability to swim as I continue to snorkel, scuba dive and kayak as a
hobby and can easily gain a certificate from a qualified swim instructor, which I will obtain on an
interview for this position. 2. The following qualifications are required: a current licence to drive a
motor vehicle, a current licence to operate a recreational motor vessel and a current Level 2 First
Aid Certificate or equivalent. I have a full manual car ... Show more content on Helpwriting.net ...
When I was at university completing a bachelor of environmental science I also learnt a lot about
commercial fishing and aquaculture practices and programs and the laws with protect the marine life
been impacted. 4. Demonstrated knowledge of law enforcement processes and procedures With a
strong interest in the marine ecology and fisheries I have a great knowledge about the law
enforcement processes and procedure involves in the fisheries area including Inspecting commercial
and recreational fishers and Assisting in the execution of operations which target illegal activities. 5.
Experience in community engagement practices During my time at university I did a research
project on Psyche Bend lagoon near Mildura , here I worked close by with the friends of the Psyche
Bend lagoon as well as the community within the area to help find a way to restore this billabong.
As will as this I worked for the Warrnambool city council for 2 years as a trainee and told guild
tours and run the friends of the Warrnambool botanic gardens on a weekly
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23.
24. The Australian Textile, Clothing And Footwear Essay
The Australian Textile, Clothing and Footwear (TCF) industry operates in a global environment and
the role of transportation management is an important component that must be explored. Therefore,
this report will set out to analyse its function within the TCF framework and in particular its
pertinence to Billabong International, one of the industry's largest companies. An overview of the
TCF industry and Billabongs role within it, will need to be given, to explain the context in which the
transport function operates. Secondly, it is important to identify the optimal transport modes and
clarify reasoning behind those choices with comparison to industry best practice. Importantly,
technological advantages in Billabongs transport partners and the benefits to its entire supply chain
are to be explored. It is also important to analyse risks and challenges involved in choosing transport
modes and finally conclusions will be made on the findings of this report. Additionally, any
alterations required to assist the future transport choices of Billabong will be recommended. 2. The
Textile, clothing and footwear supply chain in Australia: The Australian Textile, Clothing and
Footwear industry is a diverse and highly competitive marketplace. Over recent decades'
competition has increased from commercial pressures of large retailers and the growth of imports.
As a result, the value of Australia's TCF industry has decreased in relation to Gross Domestic
Product from 1.6 percent in
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25.
26. Billabong Of Financial Year 2013 And 2014
S suman rana to me
6 minutes agoDetails
By watching the money related explanations of Billabong of financial year 2013 and 2014 we
computed the accompanying proportions:
1.Profitability proportions
It Educates client as to the profits and dangers connected with the venture choices in a specific
organization.
i)Return on value ratio(ROE)
Net benefit/Normal value (barring OEI)*100
For 2013 working note: normal equity=312067+1072261/2
ROE = (863002)/692164*100 =692164
=(124.6817)%
For 2014 working note: normal equity=259036+312067/2
ROE=(239933)/285551.5*100 =285551.5
=(84.024)%
iiReturn on assets(ROA)Ratios
ROA=EBIT/Normal aggregate assets*100
For 2013
working note: normal assets=1019292+2080684/2 ... Show more content on Helpwriting.net ...
81%
27. ii)Days stock ratios(days)
Normal stock/COGS*365
For 2013
DIR=.266806/541466*365
=179.85days
For 2014
DIR=180222/555758*365
=118.36 days
iiiInventory turnover proportions
Machine gear–pieces/Normal stock
2013
ITR= 541466/266806
=2.0294 times
2014
ITR=555758/180222
=3.083 times
iv)Days debt holders proportion
Normal exchange debt holders/Deals *365
For 2013
Days debt holders ratio=204429/1477069*365
=50.051 days
2014
Days debt holders proportion =153850/1356946*365
28. =41.38 days
v)Debtors turnover
deals/Normal exchange debt holders
2013
DTR=1477069./204429
=7.22 times
2014
DTR=1356946/153850
=8.81 times
3.Liquidity proportions
i)current proportions
current resource/current liabilities
2013
CR=622368/612495
=1.01:1
2014
CR=495801/225671
=2.19:1
ii)Quick resource ratio(Acid test proportion)
QA=current resources less stock/current liabilities
2013
QA=(622368–266806)/612495
=0.58:1
29. 2014
QA=(495801–180222)/225671
=1.39:1
iii)cash stream proportions
CRR=cash stream from working exercises/current liabilities
For 2013
CFR=11935/612495
=0.019
2014
CFR=(76619)/225671
=(0.339)
4.Capital structure proportions
i)Debt to value proportions
DER=Total liabities/downright equity*100
For 2013
DER=707225/312067*100
=226.62%
2014
DER=492830/259036*100
=190.255%
ii)debt proportions
DR=Total liabilities/downright assets*100
For 2013
32. A Study Of Tamara Harrison's Experience In The Fashion...
For our first FD3 guest speaker we had footwear designer Tamara Harrison come to speak to the
class about her experience in the fashion industry. Tamara has always wanted to be involve in the
fashion industry from a young age. She started her education at Santa Ana College and moved on to
FIDM to study Fashion Design. While attending college she worked as a waitress and a temp,
during her time as atemp she began working as a receptionist for Billabong, after posting her resume
on monster.com. She held the job as a receptionsit for Billabong for eigth months until was
promoted to Product Developer for the company. Tamara then moved on to custom footwear for 6
1/2 years until moving on to Rocket Dog, where she has been for two years. Rocket Dog
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33.
34. Examine the Key Influence on Operations Which Contributes...
Executive Summary
This Report will examine how the major influences on Operations which contribute to the success of
the business with focus all of the major eight influences, these include Globalisation, Technology,
Environmental Sustainability, Legal Regulations, Corporate Social Responsibility, Quality
Expectations, Government Policies and Cost based Competition. This report will also examine the
impact of the influences on businesses such as Billabong, Westpac, Holden, Woolworth and Coca–
Cola.
Globalisation
Globalisation is the internationalization of trade and often forces businesses to adopt new strategies
for operations to suit different cultures and economies. The often easily saturated domestic market
has triggered many large ... Show more content on Helpwriting.net ...
Cost–Based Competition
Cost has traditionally being a major influence on all business as all businesses desire to achieve
maximum efficiency as it is a vital factor for businesses in order to reach the ultimate goal and
success. Businesses sees cost as the key value to success and aims to become as much cost efficient
as possible, by implementing a cost–leadership style approach to the operations variable cost or
fixed cost ,while maintain the expected profit margin, business is able to gain a competitive
advantage over their competitors in their target market. This is called cost–based competition. By
determining the break–even point and applying cost saving strategies, to reducing cost, businesses
who apply cost–based competition in their operations is able to maximize the profits and lead
business to success.
Government Policies
Regardless of the nation of the business may be operating in, all aspect of any business must comply
by the laws and policies of businesses set by the government of that nation in order to success.
Political policies often alter business legal regulations and thus leading to business opportunity, such
as taxation rates, WH&S standards, public safety and health policy, and environment policies all
contribute to business success. An example of recent government policy is Carbon Tax. The
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35.
36. Ben Hall Bushrangers
Ben Hall was an Australian bushranger born on the 9th of May 1837 in Maitland, New South Wales.
He died on the 5th of May 1965 after being shot to death by police. He roamed an area of New
South Wales from Bathurst to Forbes. What makes Ben Hall different from many other bushrangers
is that he was never directly responsible for anyone's death. His parents were Benjamin Hall and
Eliza Somers. Both of them had been convicted for minor stealing offences and transported to New
South Wales from England. They married in 1834 and had multiple children. Ben was the fourth
child. After his parents had been released from jail in 1834 they found an area north of Murrurundi
that had a permanent water supply and good grazing. Benjamin built a rough hut ... Show more
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Over 100 robberies were committed by them including holding up several villages, dozens of mail
coach robberies and prized racehorses.
In May 1865, with a 1000 pound bounty on his head, Ben decided that he and his gang would have
to leave New South Wales in order to survive. They first retreated to a unknown area on the
Billabong Creek, northwest of Forbes, gathering fresh horse and provisions for a long journey
northwards. Unfortunately Ben's whereabouts had been reported to the police by Goobang Mick
Coneley, a man who had earlier promised to assist the gang. In late April Ben temporarily separated
from his gang, intending to meet them again a few days later at the Billabong Creek.
An oral history of his death stated that Ben's friend , Mick Connolly, told policemen the Ben would
be visiting his house that night. During the early hours of the morning, Ben's former aboriginal
tracker friend, Billy, and police crept up and shot Ben. The wounded outlaws last words were
"Shoot me dead Billy! Don't let the traps take me
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37.
38. Why Did The Simpsons Continue Over So Many Years
The reason The Simpsons has been able to continue over so many years and seasons are because the
programme is animated. In real time, of course, Bart Simpson would by now be almost 40 years old,
and Homer and Marge would be in their 60s. Animation allows the characters to be preserved in a
timeless bubble where no one has to get older. Bart and Lisa are frozen in the fourth and second
grades, and Maggie is still yet to talk. Animation also allows for an entirely flexible setting that is
evident in the way the Simpsons' home town of Springfield is endlessly malleable. Depending on
the needs of the episode, Springfield has mountains, a harbour, a beach, can be freezing cold or
suffer from an extreme heatwave, and can also have been simultaneously
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39.
40. Terminal Channel Marketing By Billabong ( Barrie 2015 ) Essay
Once the shipments reach an Australian port they are transported, to one of APL's five distribution
centres, by truck due to low accessibility of rail at Australian ports placing a reliance on road
transport (The Allen Consulting Group 2010, p.5). The shipments are deconsolidated and packed
into LTL or FTL for delivery direct to outlets; or multiple outlets along a route using trucks (APL
Logistics 2016b). Additionally, the introduction of omni–channel marketing by Billabong (Barrie
2015) has necessitated frequent and small parcel delivery in a timely fashion. This function is
handled by Star Track Express, who employ a combination of air freight and light truck as modal
choices (Star Track Express 2012). Air freight is ideal for the movement of small parcels and time
sensitive items (Coyle et.al 2009, p.406) that online purchases demand. Light truck is ideal for
pickup and delivery to multiple end customer locations (Coyle et.al 2009, p.403), at the cost
required.
The freight services provided by APL Logistics included chain visibility for not only Billabong, but
their customers and suppliers as well. This is an example of a flexible tripartite enterprise
collaboration, where each party can plan, manage and track shipments (Naim et.al 2006, p.306).
Additionally, there exists the capability to alter the intermodal choices, to benefit the supply chain.
Intermodal capabilities are facilitated by a full service 3PL provider for optimal results allowing
greater access and
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41.
42. Effective Employment Relations Strategies For A Smooth...
Business Essay Improve indicators effectiveness that what all the businesses want to achieve. All
change will have an effect on employment relations. Effective employment relations strategies will
help reduce the impact of change on the workforce and result in a smooth implementation. Qantas is
an example of a business that identified a need for improve effectiveness to better build employee's
motivation and more productivity. The indicator of effectiveness is: High staff turn over High
levels of absenteeism Accidents Poor customer service Disputes and internal conflict
Absenteeism is refers to employee absence on an average day, without sick leave or leave approved
in advance. The Qantas workforce that has resulted illness from ... Show more content on
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But after 1 year, Billabong improved satisfaction and the ratio of absenteeism decrease than before.
The strategy of Billabong was use reward based on performance, skills and experience which give
employees discounts on clothing and surfboards, travel, health care, bonus for staff. In addition,
Qantas can apply this strategy which gives the staffs free airplanes ticket, house, car and the event
ticket. Rewards should include both financial and non–financial to motivate employees to improve
productivity at the end, flexibility and morale. The advantage of this strategy the employee is
encouraged to achieve high quality performance and effectively individual or team work The
disputation is often occurring in the workplace where relationships and communication between
employees and managers argue each other. Disputes arising include the decisions and polities of
managers, discrimination, decisions that impact on work and family life and changing contractors.
These indicators that reflected in fines, accidents, poor customer service, decrease productivity and
higher absenteeism and staff turnover. It is happened in every business, include Qantas. Disputation
at Qantas indicates dissatisfaction in the relationship with its employees and can create tension
reduce morale and cause disruption to service. For example in 2011, Qantas ground staff went on a 4
hour national strike and Qantas has forced to cancel 28 flights and delay 27 causing disruption
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43.
44. Personal Narrative: Growing Up In Venezuela
My heart raced uncontrollably as I waited for my turn to come. I was sitting, for the first time, in a
classroom in the United States, surrounded by people who were at least 2 years older than I was.
Professor Knapp had asked for each one of us to stand up and state the reason why we were taking
the Entrepreneurship course that summer at the University of Southern California. I thought I was
prepared to answer what seemed like such a simple question, until I heard the responses that my
fellow classmates were giving. "I want to expand my apparel business to other states" "I want to
make even more than the 70 thousand dollars I made in the stock market last year" "I want
universities to encourage the use of the app I built". What was I supposed ... Show more content on
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I felt academically challenged. It was the first time in my life when I thought that perhaps I might
not meet the standards. Growing up in Venezuela made me see the world from a very peculiar
perspective. Ever since I was little, I've heard people praising my academic performance and
claiming that I can achieve whatever I want in life, in consequence, they encourage me to take a
break and stop doing so much work. But what I had failed to understand is that the ones who tell me
that are people who were raised seeing nothing but mediocrity. Ironically, in a country sunk in
violence, crime, corruption, brutality and mainly lack of an educated population, a fifteen–year–old
girl who wanted to gain knowledge and debate about international issues was seen as a misfit. No
one understood why I wanted to participate in Model United Nations, work in my free time or spend
the summer learning about business instead of going on the classic 15–year–old's trip around Europe
which all my friends attended to get life experiences like falling asleep at museums and partying all
night long. It was that summer when I decided that if I ever wanted to achieve great things, I needed
to set myself apart from that group of privileged Venezuelans, the ones that had experienced the
same country situation as I had but had decided to continue living in ignorance and just focus on
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45.
46. Essay on Billabong Analysis
Table of Contents
Table of Contents
2
Chapter 1: Company Profile – Billabong International Ltd
3
1.1 Overview of Billabong
3
1.2 Financial Analysis
3
Chapter 2: Identification and evaluation of Billabong's global strategy
4 – 7
2.1 4 P's
4 – 5
2.1.1 Product
4
2.1.2 Promotion
4
2.1.3 Price
5
2.1.4 Place
5
2.2 SWOT Analysis
6
2.3 Current Target Market
7
2.4 Reasons for Billabong's international expansion
7
Chapter 3: Identification and evaluation of the external environment
8 – 11
3.1 Porters Five Forces
8 – 9
3.2.1 The competition
8
3.2.2 New Entrants
8
47. 3.2.3 Suppliers Power
8
3.2.4 Consumer Power
9
3.2.5 Product Substitutes
9
3.2 Industry Analysis
9
3.3 PESTEL Analysis
10 – ... Show more content on Helpwriting.net ...
By doing this, it has not only gained international markets, however it has also become a prestige
and status symbol for its target market. The product and positioning of Billabongs products is the
most important element in its marketing mix as it ensures the long term survival of the company and
continued high sales. By meeting customer demand, positioning itself as a well–known and trusted
brand with a vast amount of prestige it has ensured that sales remain high.
2.1.2 Promotion
Billabong uses a strong promotion mix to highlight and reinforce its image and product. A
combination of an interactive website, promotional magazines and flyers, personal in store selling
and strong public relations through both sponsorship of sporting events and famous athlete using
Billabong products have generated a strong brand images amongst its industry. Billabongs
sponsorship of international sporting events and sporting stars also helps to promote their brand not
only in Australia but also on the international market as well.
2.1.3 Price
Billabong uses a competition–based pricing method in which it sets its prices at a similar level to
those of its competitors to ensure that their customers will not wish to buy the cheaper products.
However, Billabong is awkwardly positioned between Rip Curl and Quicksilver. Especially wetsuits
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48.
49. What Do You Identify as Sony's Resources, Capabilities and...
What business is Billabong in and how does it differentiate itself?
Billabong operates within the highly competitive surfwear industry comprised of the 'Big Three'
including Quicksilver, Rip Curl and Billabong itself, along with a pool of smaller firms and
specialist manufacturers. It employs a number of strategies in order to differentiate itself from these
rivals and maintain its authentic association with surfing culture. These strategies include pursuing a
niche market of 10–24 year old brand obsessed and anti mainstream consumers, multi branding,
high involvement in multiple promotions to convey that Billabong is genuine and linked directly
with the sport and also the strength of the brand itself. These strategies enable Billabong to ... Show
more content on Helpwriting.net ...
Billabong has further strengthened the notion of being rooted in surfing culture through the creation
of the Billabong Odyssey concept, where the brand sends surfers to remote locations simply to catch
waves that have never before been attempted. Additionally, through having their products featured
in an internationally acclaimed surfing film, the brand not only resonated with surfers around the
world, but also encouraged growth in the women's market.
Another method of differentiation used by Billabong is its strategy of multi branding. Billabong
pursues a niche market of 10 to 24 year olds who are brand orientated and are willing to spend
accordingly to ensure that they are anti mainstream. The implication of pursuing such a segment is
that Billabong must ensure that its brand does not become too large and mass market, as this would
result in a loss in credibility from its consumer base who are seeking individualism and
independence. Consequently, unlike its major rivals, Billabong has implemented a strategy of multi
branding instead of attempting to push the brand into other product areas. This multi branding
strategy has led to the acquisition of Element in 2001, a US skate wear manufacturer, and also Von
Zipper which is known for its sunglasses and snow goggles. In contrast Rip Curl has focused on
branching out into other product areas under the one
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50.
51. Case Study: The Australian Forestry Standard
Australian Paper's positive management strategies currently meet the minimum requirements of the
Australian Forestry Standard.
The Australian Forestry Standard, requirement 4.3.3, states "the forest manager shall implement
practices to support the protection and maintenance of significant biological diversity values likely
to be affected by forest operations..." These biological diversity values include the known and likely
occurrences of threatened species, and the habitat of species listed under the Commonwealth's
Environment Protection and Biodiversity Conservation Act 1999 (Stanton, 2011). The
Gymnobelideus leadbeateri (Possum) is listed as endangered on The IUCN Red List of Threatened
Species and decline in the extent and quality of ... Show more content on Helpwriting.net ...
Eutrophication, an impending predicament, is defined as "a change of the nutritional status of a
given body of water. This enhanced plant growth (algal bloom), reduces dissolved oxygen in the
water when dead plant material decomposes and can cause other organisms to die" (Pathak &
Pathak, 2012). Sewerage discharge and soil erosion enhances Nitrogen and Phosphate inputs, and
forestry practices increase the mobilisation of nutrients (Sandforth, Bloxham, & Worsfold, 2003).
Consequently, they are classified as immediate causes of eutrophication (Sandforth, Bloxham, &
Worsfold, 2003). The Australian Paper Sustainability Report (Williams, 2013) details the following
practices: "Water, sludge and mud, are diverted to the wastewater clarifiers where the solids
components are collected, dewatered through the Effluent SludgeRecover (ESR) presses and then
composted" and the "testing of the mercury levels of fish in the Latrobe River and onsite billabong,
which was only partially completed due to budgetary constraints." The sludge disposal method
reduces: sewerage discharge; therefore, excess nutrient input; and overall, the risk of eutrophication.
The soil conditioning methods, mentioned previously, are Australian Paper's only measures to stop
soil erosion. Additionally, there are no strategies designed to minimise the effects of forestry
practices on waterways and the partial examination of mercury levels is not sufficient monitoring of
Maryvale's adjoining rivers or
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52.
53. Marketing Case Study on Nixon
PART 1: Introduction
INTRODUCTION
In an age when cell phones and mp3 players display tiny quartz clocks, the mechanical
wristwatch has slowly become less of an object of function and more a piece of modern culture, for
both men and women. However, this was not always the case. Less than 100 years ago, no self–
respecting gentleman would be caught dead wearing a wristwatch. In those days of yore, real men
carried pocket watches, with a gold half–hunter being the preferred status symbol of the time–no
pun
intended. It wasn't until the late 1800's when soldiers discovered their usefulness during wartime
situations. Pocket watches were clumsy to carry and thus difficult to operate while in combat.
Therefore, ... Show more content on Helpwriting.net ...
Nixon watches
originated in California in 1997 as a boutique watch manufacturer creating a small line of custom
built,
team designed watches with focused distribution in specialty surf, skate, snow, and fashion stores. It
was Nixon's intention to create unique and memorable high quality watches and in the span of 10
years
they were more than successful in achieving this goal, giving them quite the competitive advantage
in
the market. In January of 2006 Nixon was purchased by Billabong International for $54 million.
54. (REFERENCE) This acquisition helped to raise the Nixon profile and exposed the watches to a
wider target market.
Despite Nixon watches being skate style, urban and surf orientated, some of the models sit in a
designer price and quality bracket and are regarded as highly elite and special. These is reflective of
the
use of superior materials including mineral crystals and jewels unique to Nixon and only the finest
technology such as Swiss movement. These watches are models that make a great investment and
guaranteed to last for a long duration of time. (REFERENCE) The unique styling and fine
craftsmanship also means that they are timelessly on trend. Nixon watches are now highly sought
after
as watches with style, class, flair and quality. In these days of mass produced generic watches that
tend
to all look the same, Nixon has managed to brand it
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55.
56. Miriam Rose Essay
Education today, prospering tomorrow
Over the years, our Australian Indigenous people have been subjected to immense anguish, which
was brought to them by the Western Culture. For many of them, reconnecting with their ancestors
through their traditional spiritualties is allowing their sufferings to heal. Kate Jones examines the
work of Miriam Rose, a well known artist and advocate for the Education of Indigenous Youth who
believes it cannot stop there, we must educate our young, and she is constantly striving to empower
Indigenous youth through education, art, culture and opportunity.
Miriam Rose
Miriam Rose is one of Australia's leading advocates for the education of our young indigenous
people. She was born in the bush near Daly River in 1950. When she was aged about fourteen,
Miriam Rose returned to Daly ... Show more content on Helpwriting.net ...
Dadirri is for Miriam Rose a gift that allows her the chance to reconnect with her elders. It is the
unique spiritual qualities that Rose treasures. "Dadirri is inner, deep listening and quiet, still
awareness. Dadirri recognizes the deep spring that is inside us. We call on it and it calls to us. This is
the gift that Australia is thirsting for. It is something like what you call 'contemplation'"(Miriam
Rose, 2013).
It may seem strange to some, what Miriam's belief system consists of. Miriam Rose is a baptized
Catholic, yet she still follows the spiritual beliefs of the Indigenous Australians. Miriam combines
both belief systems to comply with her spiritual needs, believing it to be "easy for me to experience
God's presence. When I am out hunting, when I am in the bush, among the trees, on a hill or by a
billabong; these are the times when I can simply be in God's presence" (Miriam Rose, 2002).
Miriam has always sought the strength from the culture of church, not matter what the other deem is
to be
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57.
58. Letter of Advice
Nelson & Irvine
Accounting Consultancy
18 Copenhagen Street
MOUNT GRAVATT QLD 4122
Mr Joe Doyle
62 Highfields Avenue
MANLY QLD 4179
9 September 2010
Dear Mr Doyle
Joe Doyle's Investment and Business Structure Enquiry
Please find below advice on investment options for your photographic studio concerning business
structure and the security of an investment in Billabong International Ltd. 1. Facts
You have come into $500,000 worth of inheritance which you wish to invest $250,000 into the
initiation of a photographic studio business and the other $250,000 in shares at Billabong
International Ltd. You also indicated that Paul Jones has offered to invest $50,000 in the studio
wishing to have no further monetary or ... Show more content on Helpwriting.net ...
This is important as it provides accountability for the company. As outlined in the AASB
framework, notes are a form of supplementary information that may include information about items
in the financial statements, risks of the entity, and any resources not disclosed in the balance sheet.
This additional information provides investors with relevant information to assess the business on
and evaluate what they can expect from an investment in the company.
In calculating the solvency of a business, a clear indication of its financial position can be
determined. Solvency describes the ability of a business's assets to cover its liabilities if they fall
due. From certain figures in the balance sheet, the current ratio can be calculated. This ratio divides
total current assets by total current liabilities. If a company is solvent, this ratio will be greater than
1; in this case it is 3.3, which indicates that the current assets can cover the current liabilities three
times over and is therefore indicative of a financially stable company.
The majority of the debt of Billabong is tied up in unsecured borrowings. Unsecured borrowings are
when no security is taken by the lender. The bank or finance company offers you a loan if they are
confident you will be able to repay it. During the year, the secured cash advance facilities were
replaced with the
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59.
60. Billabong International Ltd
Risk Management Policy
Billabongs' activities are exposed to a variety of financial risks, these include; market risk (including
foreign exchange risk and cash flowinterest rate risk), credit risk and liquidity risk. To minimize
potential adverse effects on the financial performance of Billabong, the overall risk management
program focuses on theunpredictability of financial markets (Billabong Annual Report, 2011).
The framework is based around the following risk activities: * Risk Identification: Identify all
significant foreseeable risks associated with business activities in a timely andconsistent manner; *
Risk Evaluation: Evaluate risks using an agreed risk assessment criteria; * Risk
Treatment/Mitigation: Develop ... Show more content on Helpwriting.net ...
The analysis of this information determines that the company may predict the share value to
increase.
The reinstatement of the DRP may be considered for future dividends beyond the final dividend for
theyear ended 30 June 2011.Directors have recommended the payment of an unfranked interim
dividend of 3.0 cents per fully paid ordinary share(Billabong, 2012). Billabongs' dividend history is
shown in Appendix 1.
The table below shows Billabongs'historical DPS (A$) and the payout ratio over the last 6 years.
Due to Billabongs' high payout ratio, we can determine that the firm is returning cash to the
shareholder in the form of dividends, rather than re–investing the profits in the company.
–––––––––––––––––––––––––––––––––––––––––––––––––
Y/ E 30 June 05/ 06 06/ 07 07/ 08
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61.
62. Jackie French's A Waltz For Matilda
Have you ever wondered what it would be like if there was more meaning behind the song Waltzing
Matilda? No, well there is. It may not be true but it definitely got me interested. Jackie French, an
Australian author, wrote the book A waltz for Matilda. While reading the book you discover a story
of a young girl who soon becomes an orphan in the desert country of Australia. Her name is Matilda.
Matilda wasn't always alone she had her Parents and her Aunt Ann, but one year that all changed.
Her family soon vanishes from this world to another. As you continue to read the story you uncover
many stories and you start to feel like you're a shadow that's always behind the characters, you're
watching the story play out. Matilda was a young girl who grew up to help change a nation in which
we could all live in as equals. ... Show more content on Helpwriting.net ...
The first thought that came into my mind when I heard the title of this book was that it must be
about a person named Matilda who learnt to dance, but as I read the blurb I learnt that this book was
about a young girl from the 1800's who goes on an extraordinary journey to find out who she truly
is. I've been asked many times "why, out of all the books you could read, why that one?" my answer
was always the same "Because it's different. Imagine if you read the same type of book over and
over again. It would become quite boring. Reading A Waltz for Matilda just brings a bit of
excitement into a sad story about an Australian swagman." A Waltz for Matilda isn't your typical
novel for it gives you a deeper understating of what it means to be Australian and what it took to
make Australia what it is
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63.
64. Consumer Behaviour
1.0 SECTION A
1.1 PRODUCT INFORMATION
Original Brand Name of Product:
Billabong International
Product Class:
Surf Brand
Description:
Created by two avid surfers, Billabong is a brand designed by surfers, for surfers. In 1973, Billabong
offered little more than a small range of surf wear: mainly surfboards and board shorts. But today,
Billabong is a brand that encompasses the Australian surf culture by offering products that cater not
only for the surfer inside many of us, but for fashion and lifestyle needs.
1.2 CURRENT TARGET MARKET
Billabong is a brand that offers numerous products designed to accommodate numerous lifestyles.
Included in their extensive range are products designed for surfers, general beach goers,
skateboarders ... Show more content on Helpwriting.net ...
It is desirable to develop demographic and psychographic profiles of these likely consumers (the
target audience).
Accurate details of a target audience can only be obtained by means of credible market research
practices. However, inferences and assumptions can be made beforehand to aid any research. Some
of the demographic characteristics of the Billabong target audience are, as mentioned previously,
males and females between the ages of around 12 – 35 (although advertising is usually specific to
one particular gender as seen in the example of Appendix A). Such individuals are predominantly
situated in coastal regions where the beach/surf/sun culture thrives (as clearly demonstrated in
Appendix A), although there are significant deviations from this trend especially in recent times
with such a broad, climate and geographically unbiased product range spanning some 2200 lines in
65. Australia alone (Billabong International 2004). Economic factors can sometimes play a role in
defining a target but in this case the audience is not necessarily limited to any specific economic
traits; for example, income brackets are not easily defined for consumers as Billabong International
offers such a variety of products satisfying both functional lifestyle needs and fashion influenced
desires, hence the user's likelihood of purchasing is expected to be more dependant on the
psychographic factors of
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66.
67. Customer Solutions Differ From Traditional Marketing...
Customer Solutions Differ From Traditional Marketing Solutions
INTRODUCTION
Customer solutions may differ from the traditional but this does not mean that traditional solutions
have become irrelevant or that the two are explicitly separate. The following paper seeks to illustrate
the symbiotic relationship of the stated solutions by focusing on two separate supplier examples.
The case studies examined will be the Business to Business (B2B) mining equipment producer
Arvika and the highly successful online surf and fashion retailer SurfStitch from its Business to
Customer (B2C) viewpoint. The entire premise of these case studies is to indicate the solution
differences and the fact that although the focus for much of the modern marketing ... Show more
content on Helpwriting.net ...
The beginnings of these definitions can be seen in the 4C's approach first proposed by Lauterborn
(1990) which indicated a shift from the mass production based 1960's 4Ps to a focus on customers
seen today. Figure 2 represents the overlay of the 4Cs on the 4Ps showing the interaction between
the early customer based models and the traditional solution.
Figure 2: Customer orientated 4Cs vs Traditional Marketing 4Ps Mix
SOLUTION RELATIONSHIPS
The difference between the traditional and customer solution is the emphasis placed on the
consumers' wants and needs. This change is closely aligned with the gradual move away mass
production markets described by Wolf (1998) through to the personalised and customised markets of
today. Although this now consumer oriented marketing is based on winning each customer
individually it could be argued that all that is happening is the 4Ps are being 'individualised'. It is the
modern technology advances that have driven the customers' needs and ultimately suppliers have
had to match this by stretching the bounds of the generally internally oriented 4Ps (Bennett, 1997).
It is widely accepted that the e–commerce market is most affected by the move to savvy,
information fuelled customers (Constantinides, 2002). By focusing the first case study on a non–e–
commerce company and the second on an e–commerce company the relevance of
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68.
69. Essay about Billabong
Billabong was founded in the Gold Coast, Queensland, Australia in 1973 by Gordon Merchant. At
first, he designed and created the board shorts at his home and then sold them to local surf shops.
Surfers soon realized the durability of Merchant's board shorts that was the result of his triple–
stitching technique. Merchant understood that his company needed to expand to achieve success, so
Billabong started to sponsor contests–these contests increased the public's awareness of Merchant's
products and the company consequently expanded. By the 1980s, Billabong board shorts were
present throughout Australia.[citation needed] Based upon his success in Australia, Merchant
decided to export Billabong's products and, by the late 1980s, Merchant's ... Show more content on
Helpwriting.net ...
The Tigerlily decision represented the first time that Billabong had acquired a brand that focused
exclusively on the 'girls' market, and the intention of management was to position the new addition
so that it complemented the company's own 'Billabongs Girls' line.[11] In 2008 Billabong continued
with the consistent acquisition activity that occurred in 2007 and announced four acquisitions over
four successive months. Following the acquisition of the Gold Coast store Kirra Surf in May, the
company announced its acquisition of the retail operations of Quiet Flight, a retail company on the
east coast of the US that had already been operating licensed Billabong and Element retail outlets in
Times Square, New York, US. The Quiet Flight deal resulted in the addition of 14 Quiet Flight and
Surf Warehouse retail stores, most of which were located in Florida, US.[12] Then in June 2008, the
founders of the Sector 9 skateboard company accepted an offer from Billabong that also included
the purchase of the Gullwing skateboard truck brand.[13] Finally in August, Billabong confirmed
the acquisition of boardsport accessories brand DaKine, which specialises in backpacks, bags,
gloves and accessories, in a press release that projected that "DaKine is expected to contribute
approximately 4% of Billabong International Limited's Group sales in the 2008–09 financial year".
[14] Billabong's retail expansion continued later in the
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70.
71. Billabong International Limited Financial Analysis Essay
Billabong Financial Analysis 1.0 Introduction This report shows the financial analysis conducted for
Billabong international Limited and analyses the financial situation of Billabong over a five year
period ending June 30, 2015. The report was prepared using the financial reports prepared by the
company for financial years 2011–2015 as given in the references section. 1.1 Company
Background According to Billabong International Limited financial report 2015 (3), the group
company deals in the retail and wholesale business of products ranging in the categories of skate,
hardware, accessories, surf and finally snow and sports apparel. The brands associated with the
company include Billabong, RVCA, Element, Honolua, Von Zipper, Xcel, Kustom, Sector 9,
Palmers and Tigerlily. The company operates in three continents namely Europe, Asia Pacific and
Americas with about 404 retail shops at year ending June 30, 2015. The listings of various shops
include: Australia (123 stores), South Africa (27 stores), New Zealand (30 stores), Europe (102
stores), Japan (46 stores) and North America (60 stores). The company also engages in online retail
ecommerce where it sells its products online and this is expanded for each of the company's brands.
Billabong's strategy that has ensured the company remains competitive over the five years from
financial year 2010/2011 to 2014/2015 is supported by the company focusing on the key strategic
priorities of the company which include: the brand
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72.
73. Intangible Asset
Assets 2 (Intangible Assets) Based on Week 4 Due Week 5 (due 25th March) NOTE: Provide
references for your answers and quote where you have written something that is word–for–word
from a source Textbook Questions (15 marks): Challenging Question 29 (5 marks) Inglis Ltd has a
number of taxi licences that are shown in the financial statements at cost. Can these licences be
revalued to fair value and, if so, do they also need to be subject to periodic amortisation? Yes, if
these taxi licenses are freely transferable, they can be revalued to fair value. The requirements of
AASB 138 state that intangible assets may be revalued only if there is an 'active market'. Most of
intangible assets will not be able to be revalued as there is no ... Show more content on
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I need find out the what is intangible assets, the presentation of Financial Statement and the
RESEARCH and EVALUATE (500 words maximum) Gather relevant facts and evidence, sort all
evidence, identify themes or issues, develop a data scaffold AND Sort all evidence and weigh it up
to start building a picture of what your Answer might be ANSWER (50 words maximum) Your
opinion of the themes or issues you have identified, justified by the evidence you have gathered and
evaluated Total marks for Week 5 Tutorial work: 25 (will be scaled back to 5% if marked) Critical
Thinking Questions Assessment Criteria | | Question 1 | Identify the requirements of both AASB 138
and the AASB Framework in relation to accounting for brands | | | High distinction (4.5 – 5 marks) |
Distinction (4 marks) | Credit (3 – 3.5 marks) | Pass (2.5 marks) | Unsatisfactory ( 1 – 2marks) |
Mark | | The answer thoroughly and accurately portrays the accounting treatment of internally
generated intangible assets, referring appropriately to the media article, AASB 138 and the AASB
Framework. | The answer provides a good amount of correct information about the accounting
treatment of internally generated intangible assets, making some reference to the media article,
AASB 138 and the AASB Framework. | The answer provides some correct information about the
accounting treatment of internally
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74.
75. The Impact of Assets Impairment on Company Accounts
The Impact of Assets Impairment on Company Accounts Assignment 1 ACCT 20054 – Company
Accounting Term 2, 2012 Prepared & Submitted by Jobish Mathew S0214315 Tutor: Davood
Alizadeh Due date: 24th August 2012 Submitted date: 24th August 2012 Executive Summary The
study 'The Impact of Assets Impairment on Company Accounts' presents the cotemporary issues
facing by major five Australian companies Qantas, Ten Networks, Billabong, Bluescope steel and
Harvey Norman. This research mainly deals with controversies surrounding the recent introduction
and application of 'fair value' measurement system by the IASB and AASB. The author refers an
article written by Adele Ferguson published in 'The Age' newspaper on 14th ... Show more content
on Helpwriting.net ...
of O. S* (millions) | 252 | 253 | 253 | 254 | 254 | 254 | | M.C*(Millions) | $ 2205 | 2770 | 2211 | 2070 |
1527 | 349 | | % changes in M.C | –– | 25.62 | (20.18) | (6.38) | (26.23) | (77.14) | | B.V* (Millions) | $
1176 | 1190 | 1217 | 1173 | 1196 | –– | | % changes in B.V | –– | 1.19 | 2.27 | (3.62) | 1.96 | –– |
BLUESCOPE | S.P* | $ 2.53 | 3.11 | 2.10 | 2.25 | 1.21 | 0.405 | | No. of O. S* (millions) | 1823 | 1823
| 1823 | 1823 | 1842 | 1842 | | M.C*(Millions) | $ 4612 | 5670 | 3828 | 4102 | 2229 | 746 | | % changes
in M.C | –– | 22.94 | (32.49) | 7.16 | (45.66) | (66.53) | | B.V* (Millions) | $5663 | 5607 | 5756 | 5507 |
4396 | –– | | % changes in B.V | –– | (0.99) | 2.66 | (4.33) | (20.17) | –– | HARVEYNORMAN | S.P* |
$ 3.30 | 4.22 | 3.31 | 2.94 | 2.44 | 2.02 | | No. of O. S* (millions) | 1062 | 1062 | 1062 | 1062 | 1062 |
1062 | | M.C*(Millions) | $ 3505 | 4482 | 3515 | 3122 | 2644 | 2145 | | % changes in M.C | –– | 27.87 |
(21.58) | (11.18) | (15.31) | (18.87) | | B.V* (Millions) | $2059 | 2152 | 2157 | 2189 | 2228 | –– | | %
changes in B.V | –– | 4.47 | 0.23 | 1.48 | 1.78 | –– | *M.C (Market Capitalisation) = Share Price × No.
of Outstanding Shares *S.P = Share price, *B.V = Book Value, *O.S = Outstanding Shares *As on
17/08/12 – The author added
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76.
77. The Murray Darling Basin (MDD)
The Murray Darling River Basin: The Basin can be found in South–Eastern Australia and mostly in
the New South Wales, with a hot semi–arid North and North–East and a warm semi–arid South due
to the proximity of the Southern Pacific Ocean ("About The Murray Darling Basin", 2016);
vegetation consists of mostly small shrubs and sparse to semi–dense trees. The two largest rivers are
the Murray and the Darling. They both find headwaters in the Australian Alps, along with other
tributaries which flow into the basin, and are influenced by seasonal rainfall but also the La Nina
and El Nino oceanic patterns. The basin itself is a flat plain located on what is known as the Murray
Darling Depression (MDD). The plain as it is roughly seen today was created about 50–60 million
years ago the region was a shallow sea; but the region had been a shallow see many times before
this, as sea levels have risen and fallen over the past few hundreds of millions of years. As a recent
the tertiary and quaternary sediment deposits found here can be up to 600m thick (NSW National
Parks and Wildlife Service, 2003). Inflow of water to the plains is ... Show more content on
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Another interesting issue is the carp that were introduced to the dams by fisherman ("General
information about carp – biology, ecology and impacts | NSW Department of Primary Industries",
2016). The carp in the dams spread through the river system and are causing havoc as they breed
rapidly and lower the water quality. The carp are also suspected of coming from fisherman who used
them as live bait. There is now an eradication plan underway using daughterless carp (The
Australian Government, 2012). The plan entails introducing genetically modified carp into the
ecosystem that only produce male off spring, thus in theory slowly eradicating the
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78.
79. The Bush Ranger Poetic Devices
Good morning, Ms yen and Mr loriaux today I will be presenting my 3 poetic devices on 2 poems
that I chose, which are"The Bush Ranger" By Edward Harrington and "Waltzing Matilda" By Banjo
Patterson and this is what I'll be talking about throughout the presentation.
The Bush–rangers is a bush ballad, bush ballads is a style of poetry that gained popularity and
recognition in the late 19th century and the early 20th century that eventually became an important
symbol of Australian literary and culture. The bush rangers is a bush ballad that narrates the action
packed and adventurous experiences of Ned Kelly. In the bush ranger by Edward Harrington I will
be talking about "rhymes".
Rhyming was consistently used throughout the poem, Harrington
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80.
81. Australian dollar Essay
Question 2
a) A fall in the value of the Australian dollar (AUD) against the U.S. dollar (USD) benefit Billabong
in two folds, strengthened price competitiveness and translation advantage. Firstly, the Americas
segment accounts for about 50% of Billabong's sales revenue in 2008 and 2009. (Appx.1) In case of
depreciation of AUD against USD, the price of imported surfwear to the U.S. in terms of USD will
decrease. The US importers demand more for Billabong's products. The sales increases from the
strengthened price competitiveness. Secondly, when Billabong received payment from the
importers, it will translated back into AUD for use in Australia. As AUD depreciate, the receipt in
USD can be translated into more AUD than before, bringing ... Show more content on
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Billabong may diversify its production by foreign direct investments in the U.S. e.g. set up local
production plants. In case of appreciation in AUD against USD, the price competitiveness of
products would not be weakened as compared with local products. Flexible sourcing could be
applied to allow switch of production from one country to another. Learning from Stanley Black &
Decker, Billabong could reduce its import to the U.S. and export more from the U.S. production
plant to other countries when USD depreciate against other currencies. This help to create long–term
economic competitiveness in the U.S. market.
For diversification of market, a more balanced market distribution is recommended. The current
position of Billabong is highly dependent on the Americas segment with almost half of the revenues.
If the situation continues, trading in other segments cannot help if the Americas segment fails.
Revenues when diversify in different currencies could be better secured from the economic exposure
of exchange rate risk.
Smith, P. (2011, Aug 23). Exchange rate kills australian steel exports. Financial Times. Retrieved
from http://search.proquest.com/docview/884792617?accountid=16210
(2008, Dec 24). Aussie dollar set to struggle in 2009. Retrieved from
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82.
83. Business And Strategic Analysis Of Industry Wide Factors
Business and Strategic Analysis Industry–wide factors Kathmandu (KMD) main operation is in
Australia and New Zealand, and they have recently established their operation in the UK market.
Industry wide, sport equipment generally seasonal, in Billabong, their sale would be higher in
summer, while for KMD, the sale results for the whole financial year is directly dependent on sale in
Winter and Easter. (Kathmandu Holdings Limited, 2015) The seasonal nature of the industry also
means that a larger portion of sales and net profit should be from the second interim, along with
higher level of borrowing that KMD used to purchase inventory. (Kathmandu Holdings Limited,
2015) There seems to be a general shift in customer interest toward more fashionable and
sustainable clothing, the change which KMD responses by modifying their design. (Cauchi, 2014)
and (Kathmandu Holdings Limited, 2014) While this is a reasonable response, this also means that
they will now face competitions from new competitors such as Target, or Big W. (Cauchi, 2014)
Furthermore, customers can relish the joy of shopping at home with the rise of internet, mobile
phones and personal computers, which create online competitions. KMD has quickly responded to
this by opening its online market trading place such as eBay in Australia and Trade Me in New
Zealand. (Kathmandu Holdings Limited, 2015) This has been proven a successful move as growth is
33% and only sale is now 5.8% of total revenue. (Kathmandu Holdings
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84.
85. 5910 Assignment 2010
BILABONG Australia – financial statement analysis assignment ACCT 5910–Business Analysis
and Valuation Contents Executive
summary..................................................................................................................3 Executive
summary The purpose of report is to provide a comprehensive analysis of Billabong International
Limited. This report is primarily based on a trend analysis of Billabong's financial performance
ratios from 2009 to 2011, common size table of the balance sheet and income statement and analysis
of Billabong's cash flows. Expect to provide a basis understanding of the company's recent situation
and future ... Show more content on Helpwriting.net ...
Industry Analysis With the expansion of world economy, surfing is not only a sport but also a life
style and that leads to high demand of surfing products. The number of firms enters that industry
keep increasing as its attractive potential profits and less barrier to enter into that industry. Both
companies have more bargaining power compared with their supplier and customer as their famous
brand and diversified products could encourage suppliers to have long term business relationship
with the company and satisfy the unique needs of customers. Overall, the prospects of this industry
are optimistic; it did not shock too much under the downturn of economy. Surfing is an increasingly
popular and well–known culture; companies need to continuing innovation in order to satisfy
customer's needs. b. Competitive Analysis As number of firms in the industry keeps increasing,
greater competition force firms to earn more market share, innovate substitutes, produce
differentiate products and be cost leadership to keep or improve their position in the industry. For
example, some of the products of Billabong and Quiksilver are similar, consumer will choose to buy
the one with lower price if they have similar function, or buy the one with higher price if the product
is different from others. Thus, a firm could run well if it has different products and lower cost
compared with rivals. c. Corporate Strategy Analysis Billabong hires different design teams for each
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