Thursday, January 30, 2020
The Revenue Essay Example for Free
The Revenue Essay Since Gavin was, a successful pharmacist and Stanley had in site on a great discovery this could be something great. They set up a small laboratory on the balcony of Mr. Herberts drugstore in Los Angeles to make the solution, which they named ALLERGAN ® Nasal Drops. Allergan has become a company not just for eyes but they also have patents for conditions, such as cervical, medical dermatology (Allergan Inc. , 2012) THE SUCCESS OF ALLERGAN 3 Assess how globalization and technology changes have impacted the corporation you researched. With approximately 10,500 employees and a presence in more than 100 countries, we work hard to make sure our products reach the people who need and want them worldwide. (Allergan 2012). Allergan has branched out into other treatments besides the eye care of dry eye, glaucoma, and other eye conditions. Now they treat cervical dystonia, which is breast asester blepharospasm, strabismus, upper limp spasticity, and facials. They also specialize in medical dermatology such as acne, psoriasis, severe primary axillary, hyperhidrosis, inadequately managed with urocogics and over active bladder and urinary incontinence. With Allergan having, a diverse approached helped how globalization and technology has impacted the company, based on their patent products that helps people live better and feel better. When needs are not meet they make sure they go beyond what is expected of them to keep up with the technology of the different products. Allergan has a partnership with the medical community. Having these partnerships helps the company come up with their own thoughts and insight of customer satisfaction by improving their product based their customer’s outcome. They provide customers with the tools and education needed to keep them updated on the latest information so the customer can informed their doctor of any decisions they make. (Allergan 2012) SUCCESS OF ALLERGON 4 Apply the industrial organization model and the resource-based model to determine how your corporation could earn above-average returns. According to Strategic Management 10th edition, 2013 above average returns were earned when firms are able to effectively study the external environment as the foundation of identifying an attractive industry. Hebert’s friend Stanley Bly sought to implement a strategy to reduce competitive rivalry and form a joint venture. Joint ventures increase profitability in this company. As stated below based on the 2012 annual report sales is expected to increase in the future and helps the company earn an above average return. For the full year of 2012, Allergan expects total product net sales between $5,650 million and $5,800 million. Total specialty pharmaceuticals net sales between $4,740 million and $4,850 million. Total medical devices net sales between $910 million and $950 million. ALPHAGAN ® franchise product net sales between $420 million and $440 million. LUMIGAN ® franchise product net sales between $620 million and $640 million. Restasis product net sales were between $750 million and $780 million. Botox product net sales were between $1,760 million and $1,800 million. Latisse product net sale were at approximately $100 million. Breast aesthetics product net was between $360 million and $380 million. Obesity intervention product net sales were at approximately $170 million. Facial aesthetics product net sales were between $380 million and $400 million. Non-GAAP cost of sales to product net sales ratio at approximately 14%. Non-GAAP was other revenue at approximately $90 million. Non-GAAP selling, general and administrative expenses to product net sales ratio at approximately 39%. Non-GAAP research and development expenses to product net sales ratio at approximately 16%. SUCCESS OF ALLERGAN 5 Non-GAAP amortization of acquired intangible assets was at approximately $25 million. This expectation excludes the amortization of certain acquired intangible assets associated with business combinations, asset purchases and product licenses. Non-GAAP diluted earnings per share attributable to stockholders between $4. 15 and $4. 19. Diluted shares were outstanding at approximately 308 million. Effective tax rate on non-GAAP earnings were at approximately 28%. For the third quarter of 2012, Allergan expects total product net sales between $1,370 million and $1,445 million. Non-GAAP diluted earnings per share attributable to stockholders between $1. 02 and $1. 04. (Allergan Report Second Quarter 2012) Allergans executive team comes together to collaborate by understanding and meeting the needs of patients. The team accommodates the needs of the patients that are not meet. â€Å"When fiscal, social and corporate responsibility, and listening to employees we share a unified vision of what it means to bring the best of medicine to life. We actualize this vision through the execution of our strategic objectives as a company, and consider it realized when innovative ideas are translated into products that make life better†. (Allergan 2012) SUCCESS OF ALLERGAN 6 Assess how the vision statement and mission statement of the corporation influence its overall success. The vision of this company is to meet with the medical specialists to find out needs that were not meet and to make a commitment to patience. They strategize their objective as a company and try to come up with new ideas that make their products better for their patients. â€Å"In partnership with the medical community, we bring to bear scientific excellence and rigor to deliver leading products that improve patient outcomes Customer Focus Every action we take is with an eye on the â€Å"Three P’s†: The patients who benefit from our products, the physicians who trust our products and the payers who recognize the value of our products. Impact We make an impact – going the extra distance to get the very best results, applying the highest standards to all that we do. People + Passion We succeed primarily through our people, whose talent brings quality to our work and whose passion brings commitment – not just from processes and structures alone. Collaboration We are committed to sharing our knowledge and collaborating as a team to reach common goals. We promote and encourage different personal and cultural perspectives that drive new thinking. Innovation We are uncomfortable with the status quo. We adapt, we improve, we have the courage to thoughtfully take risks as a team and seize new opportunities – for the company and ourselves. Integrity We get results the right way, without cutting corners. We are transparent, clear and respectful in our dealings with customers, co-workers and partners†(Allergan 2012) SUCCESS OF ALLERGAN 7 Evaluate how each category of stakeholder impact the overall success of this corporation. Stakeholders â€Å"Today, we have approximately 10,500 highly dedicated and talented employees, global marketing and sales capabilities. With a presence in more than 100 countries, a rich and ever-evolving portfolio of pharmaceuticals, biologics, medical devices and over-the-counter consumer products, and state-of-the-art resources in Ramp;D, manufacturing and safety surveillance that help millions of patients see more clearly, move more freely and express themselves more fully. (The World of Allergan) Allergan capital market shareholders have major suppliers like Bank of America, Merril Lynch, and Wells Fargo. The product market stakeholders are the customers that Allergan meets the needs of when others cannot meet it. Their supplies are Ramp;D who staffing demands has grown since being outside the US has grown by 20 percent in the last couple of years. Based off the company wanting the best product for the best prices for the good and services they provide. This also keeps the customer and the stakeholder happy. Organizational Stakeholders; they also support local market development by temporarily having their employees in start-up markets and soon move to a more advanced one. The executive leadership committees reward their employees with a Hidden Gem Award, quarterly. This award program recognizes and rewards employees who embody Allergans spirit of innovation and serve as an example and inspiration to their fellow colleagues†. They also reward those who are contributing to the business. (Allergan 2012) SUCCESS OF ALLERGON 8 Reference (2009). Allergan Inc. Innovative Sourcing for an Innovative Company, Clarkson Consulting. www. allerganviews. co Pyott, David. (2012) Allergan Performance Re port
Wednesday, January 22, 2020
Eating Disorders Essay -- essays research papers fc
Eating Disorders      One of the most prevalent disorders amongst the youth of this era is eating disorders. While some overlook it and don’t think it is a problem eating disorders should be given serious consideration. This is because the psychological ramification of eating disorders tends to have lasting effects over the course of the adolescents’ life.      An eating disorder is any of various psychological disorders, such as anorexia nervosa or bulimia, which involves insufficient or excessive food intake. They are a silent epidemic and a exceedingly negative response to a misinterpretation of one’s role in the world. Adolescents with eating disorders are usually convinced they’re ugly, worthless, and untalented. While some overlook it and don’t think it is a problem it should be given serious consideration because the psychological ramifications of such a disorder has lasting effects over the course of the adolescents life. While eating disorders are a serious problem there are two distinct forms of eating disorders. One is anorexia and the other is bulimia.      Anorexia nervosa is characterized by self-starvation to avoid obesity. This is also known as the "starvation sickness" or the "dieter’s disease". Statistics show that 95% of all anorexics are women found primarily in upper-middle class homes ranging from ages 12 to 18. (Maloney, 81). A person dealing with this sort of disorder is usually, striving for perfection has low self-esteem, and sometimes feels they don’t deserve to eat.      Anorexia usually starts when they or someone else feels that the anorexic needs to lose some weight. They feel good when they start losing the weight because they feel they have reached and made progress on their goal. Unfortunately, this causes physical damage and sometimes-even death. Statistics have estimated about 10% will eventually die. (Patterson, 31). Although as an adolescent most go on a diet and give it up in about a week or two, anorexics don’t. If one is suffering from this they have signs and symptoms such as: noticeable weight loss, excessive exercising, odd eating habits, feeling cold, dressing in baggy clothes, irregular menstruation, a frequent feeling of insecurity, loneliness, inadequacy, and helplessness.      There is no one single reason for anorexia, or how it goes unnoticed, but there are some explanations. One is that the perso... ...e without proper treatment and acknowledgement. People need to be educated about the disease and that the so-called 'glamour' looks aren’t so pretty after all in fact looks unhealthy. What happened to the healthy curvatious Marilyn Monroe look? Now there is the unsightly look of bones sticking out of skin. Young teens want to be like the famous ones. People that are looked at as role models are pressured but if they were to all rebel against this and think about what they stand for perhaps things would change to the way they used to be, or even better. This is a serious matter that people need to be educated about. The disease will prevail and many young women will suffer a great deal of their lives if it is left ignored. Works Cited Abraham, Suzanne, and Derek Llewellyn-Jones Eating      Disorders: the facts. Oxford New      York: Oxford      University Press, 1997. Claude-Pierre, Peggy The Secret Language of Eating      Disorders. New York: Times      Books 1997. Maloney, Michael, and Rachel Kranz Straight talk about      eating disorders. New York:      Facts on File, 1991. Patterson, Charles Eating Disorders. Austin tex: Raintree      Steck-Vaughn, 1995.
Tuesday, January 14, 2020
Feedback in learning Essay
1.0What is feedback?:â€Å"The mediocre teacher tells. The good teacher explains. The superior teacher demonstrates. The great inspires†William Arthur Ward A teacher carries a big responsibility in area of learning. Some people believe a teacher’s job is to teach and a student’s job is to learn. In today’s classroom, the role of teacher is totally different. Teacher as a facilitator of learning, mentor for learner and classroom supporter. The excellent teacher will take various actions in way to help their students to be successful in their life. So that, one of the action is teacher should provide assessment feedback in way to enhance the learning. Feedback is normally something which happens as a result of cycle teaching and learning action. It can give either before, during or after the learning had been occurs. Generally, what is feedback? Is it guidance, evaluation or praise? As mentioned by Ramaprasad (1983), feedback is information about the gap be tween the actual level and the reference level of a system parameter which is used to alter the gap in some way. Furthermore, the definition by Ramaprasad also supported of new research by Shute (2007) that define the feedback as represent information communicated to the learner that is intended to modify the learner’s thinking or behaviour for the purpose of improving learning. Hence, in learning, feedback should usually presented as information to a student in response to some action on the current level of performance and help them to be better. Correspondingly the educationist agree that assessment feedback is an important part of learning cycle but nowadays students frequently express disappointment and frustration in relation to the conduct of the feedback process. Students may complain that feedback on assessment is unhelpful or unclear and not provide any tips to them to improve their current performance. As a result, students will always repeat the mistake until they get to know the correct answers. Studies of the impact on student learning achievement indicate that feedback has the potential to have a significant effect on student learning achievement (Hattie & Timperley, 2007). Feedback should give immediately during the learning process. That can really help student to do self-reflection on their quality of learning. They can figure out did he/she in the right track and how to improve their understanding. Types of feedback: Main focus of given assessment feedback is to describes qualities of work in relation to the learning target. Teacher should give attention to the quality of their written feedback. There are two types of feedback, evaluative feedback and descriptive feedback. Evaluative feedback refers to a summary of student current achievement or performed on the particular task. This feedback is often come out with letter of grades, numbers, check marks, symbols and generals comment such as â€Å"good†, â€Å"excellent†and â€Å"need help†. While, descriptive feedback is specific or detail information in the form of written comments or conversations that help the student understand what he/she needs to do in improve their level of understanding. There are several examples of evaluative and descriptive feedback: Evaluative Feedback Descriptive Feedback â€Å"Try harder next time†â€Å"Your topic discussion is clear and have good examples, your next step might be to check back your grammatical errors†â€Å"90%! A+! Excellent Work! Keep it up!†â€Å"You’re made some simple mistakes in your calculation, remember back the formula use. Please check back the first step until the last step in your calculation for question 10.†Table 1: Examples of Evaluative and Descriptive Feedback Based on examples given, evaluative feedback more to provide a judgement on the quality of the learning task that student did while descriptive feedback focus on helps the student understand what he or she needs to do to improve their current achievement. Besides that, evaluative feedback shown to us those teachers only tells learner or students how they compare to others and descriptive feedback will provide specific information in the form of written comments or conversations more help learner. Regardless of the types of feedback given, either evaluative or descriptive, effective feedback needs to be informative, prompt and guiding. Informative feedback highlights strengths and weaknesses, giving specific examples or explanations. Prompt feedback is returned to students within an agreed timescale for the work submitted. Guiding feedback offer suggestions about how students can improve their learning. All of that combining together to help students to do better the next time. This statement also have support by Hattie and Timperley (2007), they mention that the most improvement in student learning takes place when students got information feedback about the task and how to do more effectively. Below are examples of evaluative and descriptive feedback given by teachersFeedback as teaching style of scaffolding: As we already know, feedback provides information and guide to students by teachers about learning. That is one criteria of scaffolding. Scaffolding is the core of traditional apprenticeship. It is refers to given support that provides by expert or teacher as steps to improve their learning. It helps to reduce the gap between the student current level of understanding or performance and a desired goal. According to Hattle and Timperley (2007), they mention that depending on the nature and delivery of the feedback, it can have powerful positive effects on student learning and engagement. Beside that in the research by Assessment Reform Group (2002) , also mention that feedback as coaching and scaffolding students. The given feedback is an essential practice of assessment for learning. The process of seeking and interpreting evidence for use by learner and their teachers to decide where the learners are in their learning, where they need to go and how best to get there by helping of teachers. That the main reason why the teacher’s feedback important, providing the support necessary for student to proceed towards the next stage or level and achieving the learning goal. Student will view the feedback as improving tips in which students receive information and construct meaning to close the gap. The students need to do something based on the guided giving in the feedback. Scaffolding instructional originated from Vygotsky’s ideas on learning. Vygotsky’s comes out with two levels of learning development. The first level is Actual Development that what learner has already reached. It is the level which the learner is capable of solving problems independently. The second level is called Potential Development which the learner not capable of doing the moment but have potential to do so. Between the actual and potential levels, Vygotsky said that there was what was called a Zone of Proximal Development (ZPD). Proximal means next. In context of feedback, it should act as scaffold by providing tips and support necessary for student to proceed the next stage or level. Without the support students may be unable to accomplish the target. As the result, students will extend their understanding and make improvement. Figure 3: ZPD (Zone of Proximal Development) Diagram When teacher incorporate scaffolding in feedback, they become more to mentor and facilitator of knowledge rather than the dominant content expert. This teaching style that include with scaffolding will make student active role in class to achieving learning goal. Besides that, it also provides a welcoming and caring learning environment. â€Å"I take care of you and I hope you will be success in future†. Expiration in feedback on student assessment will make them realize that even they did wrong is not means he/she is stupid student. They have room to improve. As conclusion, the best assessment feedback, scaffold student to achieve the higher performance in learning target. Feedback as affective domain in learning: Since 1950’s, research have been done in cognitive theory and educationist had use the Bloom’s (1956) taxonomies of learning. Bloom has mentioned that in learning should have three learning domains. The cognitive domain, affective domain and psychomotor domain. Feedback is referring to affective domain. In affective domain includes feeling, emotion, attitudes, values and motivation. As students that receiving the feedback, they need all of the aspect that include in affective domain. Teacher should play with all of these aspects. Teacher must provide clear understanding. Feedback should be brief, concise statements, in student-friendly language that describe what students are to know and be able to do at the end of feedback. Feedback can be one of the ways to encourage positive motivational belief and self-esteem. There are some ideas for motivating students. Teachers can start the feedback with praises like good job, excellent job, great, brilliant idea, â€Å"You are starting to understand this but†¦Ã¢â‚¬ , â€Å"This is quality work because†¦Ã¢â‚¬ , â€Å"Two things you really did well are†¦Ã¢â‚¬ and many more on what they do well. Praise the work or process that focus in achieving the learning goal. Second step, teachers proceed with intervention that tells the student what needs improving and give enough information in way to help them to do better. It can sound like â€Å"Your thinking shows†¦.†, â€Å"One thing to improve on†¦..†, â€Å"You need more†¦Ã¢â‚¬ ¦Ã¢â‚¬ , and many more. Next step, teachers share the improvement strategies such as â€Å"Your next steps might be†¦..†, and â€Å"You might try†¦Ã¢â‚¬ . The ways that teachers give the feedback have relationship with the flow of affective domain as described by Krathwohl et.al (1964). They start with receiving, responding, valuing, organizing and ended with acting. Students will receiving the feedback as their new information of mark, wrong answers and the current level that he/she mastering the knowledge. Am I really understood or I just understand little bit? Step 2, responding. Students will respond on feedback given by teacher. They being actively participating bas ed on feedback given to achieve learning goal. Step 3, valuing. They attaching worth to feedback given and try to do correction on the task. After they do the correction, they will organize the new concept and change their existing understanding. The last is characterization. They have the correct understanding and will apply the concept in correct way without misconception. It is the effective way that feedback can help students learn better in positive environment in implement the affective domain. Feedback will demonstrate appropriate ways of enhancing the performance on the task and offer strategies that invite more learner responsibility to improve. â€Å"Education is not the filling of a pail but the lighting of a fire†William Butler Yeats Feedback as reflection on learning process: Reflection needed students to capture back on their performance in the task given. It also needs students to have clear comparison about their previous performance and current performance. There are three types of reflection that suite with the feedback: reflection on your process, comparison of your performance to that of others and comparison of your performance to a set of criteria for evaluating performance (Schon, 1983). How feedback can be as reflection on learning process? Firstly, reflect on the feedback process. By feedback, students are encourages to look back at how they react and given answer on the task. Teachers will describes the qualities of work in relation to the learning targets. That can make them see how they might have done better and what they need to improve. That is the first step as feedback starter, reflect on achievement. Second, compare of student performance with others. These types of reflection are referring to evaluative feedback. In evaluative feedba ck teachers will give grades, numbers, check marks, symbols and generals comment such as â€Å"good†, â€Å"excellent†and â€Å"need help†. Based on the feedback, students analyze by comparing their performance with friends in hope he/she will motivate to achieve better. The final types of reflection are comparison of student performance to a set of criteria for evaluating performances. These are focus on intervention and improvement that include in feedback. Teachers will share idea on what students needs to improve and gives enough information so the students will knows what the next step to apply. That really show the function of feedback as reflection, facilitates the development of self-assessment in learning.Conclusion: Assessment feedback should play as important role in teaching and learning. Firstly, feedback is a way that teacher can use to determine and analyse how far your student gain the knowledge and what should you suggest to them in helping them success in mastery the knowledge. Secondly, assessment feedback will attract low achievement students to be active learner and more motivated to achieve the learning goal. Overall, assessment feedback should take as important aspect in learning process. Teacher need to apply and change the feedback given in way to help student to be success in future.
Sunday, January 5, 2020
Statement For Scicom Essay Example Pdf - Free Essay Example
Sample details Pages: 8 Words: 2455 Downloads: 6 Date added: 2017/06/26 Category Finance Essay Type Research paper Did you like this example? The Companys service is to persistently deliver on its promise of Total Customer Delight to its clients. Scicoms main product offering is scicomsourcing, comprising the four distinct modules of scicompartner, scicomacademy, scicomconsulting and scicommarketing Scicom is a global CRM Consulting, Technology services, Education and Outsourcing Company. With province skill, and full capabilities across all industries and business functions, Scicom partners with clients to help them focus on their customers so that they become high-performance businesses both in the public and private sector. Their Customer Focused Business strategy builds on their skills in consulting, technology, education and outsourcing to help clients carry out at the utmost levels so they can create sustainable value for their customers. Using their business knowledge, service-offering skill, technical potential and by improving operational performance and delivery , Scicom helps clients increase revenues from their on hand customers, preserve their current customer base and proactively obtain new customers. Don’t waste time! Our writers will create an original "Statement For Scicom Essay Example Pdf" essay for you Create order Scicom has a long-term partnership with global clients and governments and also works with organizations of all sizes. Scicom is one of the prime contact centre outsourcing service providers in Malaysia, having provided services for some of the major global MNCs in the world. Scicom currently manages customer relations in 40 languages, covering over 89 countries and delivering Total Customer Delight to over 40 million customers worldwide. Since its incorporation in 1997, Scicom has consistently provided first rate quality customer care, technical support and related performance services, as well as a wide-ranging selection of training, loyalty marketing, call centre consulting and human resource development services. Scicom has a unique and flexible business model based on financial clarity and contractually agreed performance targets, with a reward and penalty composition for a win-win client-vendor relationship. Reference : https://www.scicom-intl.com/ Chairman statement for Scicom The Annual Report of Scicom (MSC) Berhad for the financial year ended on 30 June 2012. This financial year had been a challenging one as the economic woes and the financial crisis continued in Europe. This resulted in their clientele of MNCs being careful in utilizing budgets for outsourcing services. They either postponed their spending commitments or reduced their supplies for the year. Moreover the sales cycle to convert potential clients to use Scicoms services is now taking longer. The chairman stated that against this backdrop, they weathered the storm well. Their well-organized use of resources and technology has enabled them to provide competitive rates and better service offering to all their existing clients and attain a number of new clients. Last year, they ceased their operations in the US and followed by closing their office in India. Both these actions have allowed them to focus their resources in Malaysia, Indonesia and Sri Lanka. T heir product and services segregation have evolved based on a deep domain understanding of their core business, and has provided them with a vigorous platform for the future in terms of growth potential, market penetration and product significance. Prudent financial management while in this evolutionary phase has allowed them to fund their operations in Malaysia and extend their reach into Sri Lanka and Indonesia through inside generated funds and they continue to end this year with zero debt and a strong cash balance. The Groups revenue for the current financial year was RM131.23 million, representing a marginal 6.9% decrease from the previous financial year. However net profit for the current financial year showed a slight increase at RM13.61 million as compared to RM13.28 million in the previous financial year. Scicoms strategy of services segregation not only made them applicable to their perceptive client base but has also laid the groundwork towards their goal of obtai ning better margin differentiation for their company. The Groups margin for the current year was 10.37% as compared to the past years 9.42%. The Board has suggested a final dividend payment of 1.0 sen per normal share, tax exempt, in respect of the financial year ended 30 June 2012. Two short-term dividends of 1.0 sen per normal share each, tax exempt, were paid on 15 March 2012 and 28 September 2012 respectively. The short-term dividends together with planned final dividend together amount to a dividend payout for the financial year of 3.0 sen per ordinary share, tax exempt. This proposal translates to a dividend payout ratio on profits of about 65% and reflects the boards dedication towards maintaining a established dividend payout for its shareholders. Sales cycles for complex projects are typically 6 to 9 months and achievement can be of a similar time scale. The Group having now consolidated and embarked on marketing its all-inclusive suite of Customer Services Manageme nt solutions over FY2012, is poised to start to implement these solution sets in FY2013. The focus areas for sustainable growth as set out above are expected to result in greater earnings and revenue for the Group for FY2013. The Group thanks the Government of Malaysia, the regulators, their shareholders, their loyal clients, and more importantly, their committed staff on both sides of the many jurisdictions which they operate in, for their support in making the Groups business a success. Besides they also thank the Board members for their ongoing support, commitment and prudent control in shaping the Groups path to ensure their constant growth.  Reference : https://www.bursamalaysia.com/market/ Background of Tenaga Nasional Berhad (TNB) Tenaga Nasional Berhad also known as (TNB) is the leading electrical energy service in Malaysia with almost RM73 billion in assets. TNB is listed on the central board of Bursa Malaysia and employs more than 31,000 people Group-wide to serve an anticipated 8.08 million clients in Peninsular Malaysia, Sabah and Labuan. The Group position as the Central Electricity Board of the Federation of Malaya in 1949, TNB has powered nationwide expansion hard work for more than 60 years by providing reliable and capable electricity services. TNBs core businesses are in the generation, transmission and supply of electricity. In Peninsular Malaysia, TNB is a major supplier to the total industry power through six thermal stations and three major hydroelectric schemes. It also manages and operates the National Grid which links TNB power stations and IPPs to the division system in peninsula. The network is attached to Thailands diffusion system in the north and Singapores diffusion system in the s outh. In East Malaysia, TNB, through 80%-owned supplementary Sabah Electricity Sdn. Bhd. (SESB), manages the Sabah Grid and aims to provide electricity to 95% of the states population by year 2013. TNBs supply network is managed through a wide-ranging supply system, customer service centres and call management centres. Over the years, TNB has diversify from its core business into the manufacture of transformers, high power switchgears and cables, the provision of skilled consultancy services and architectural, civil, electrical engineering works and services, repair and maintenance. The Company also engages in study and development, property development and executive services. Tapping into opportunities available abroad, TNB is making inroads into emerging markets in the county as well as in the Middle East. In 2005, the company embarked on a 20 Year planned plan which entails better focal point on green initiatives such as the development of renewable sources of fuel, and more w ell-organized demand side management via power effectiveness. This hard work set of scales the Governments carbon fall agenda while also creating groundwork for sustainable energy for the future. TNB believes in providing service quality and aims to attain global leadership. Towards this end, the Company invests comprehensively in the continuous professional development of its employees through planned programmers. As a leading GLC, TNB also places strong importance on its social and environmental responsibilities. Yayasan Tenaga Nasional (YTN), established in 1993, funds much of the Companys CSR programmes. TNB also has a tradition of promoting sports and rising sporting talent in the country. The Companys own hockey team is well-known for regularly winning the Malaysian Hockey League Championship. TNB Vision is To Be among the Leading Corporations in Energy and Related Businesses Globally TNB Mission areWe Are Committed to Excellence in Our Products and Services Reference : https://www.tnb.com.my/ Chairmans Statement for TNB The Chairman states that TNB had to manage the prolonged gas supply shortage. About 60% of the generation capacity in Peninsular Malaysia depends on gas, hence the shortfall took a significant toll on the company, requiring them to burn more exclusive substitute fuels such as medium fuel oil (MFO) and distillates. Faced with these challenges, it has become increasingly difficult to stay true to their core duty of Keeping the Lights On. Where else rallying all their resources and working together as they have done for more than 60 years, TNB managed to achieve highly worthy financial results and operational performance. In their quest to serve their consumers while ensuring financial cautiousness, they kept innovating, and seeking ever better technologies to improve their operational efficiencies hence drive down costs and boost their bottom line. Yet, they would not have been able to produce the results they did this financial year if not for the support of the Government, which he lped extremely to reduce the impact of the increased cost of fuel. The Government introduced a compensation package that came into effect in January 2012, through which the additional costs that TNB has had to shoulder is being shared three ways by the Government, Petronas and the company. Since this compensation scheme was implemented, they received a total of RM3,154.5 million, significantly easing their financial weight and leading to a return in their profit margins from the second quarter of the financial year 2012 onwards. The cost compensation mechanism, however, is only a temporary solution until sustainable measures are implemented that will lead to a more open, competitive and efficient industry. A good deal of groundwork has been done towards this end. The government and regulators have indicated that new policies and regulatory frameworks will be put in place soon to restore the fuel cost issue in a way that benefits all parties involved. The Groups profit was a healt hy RM4, 197.6 million for the year, a more than three-fold increase of the RM965.4 million achieved in Financial Year 2011. The Groups total revenue, meanwhile, increased by 11.2% as against an increase of 2.1% in operating expenses. This resulted in a higher EBITDA margin of 25.1% as compared to 23.3% in Financial Year 2011. The increase in EBITDA margin was also partly contributed by the slight improvement of 1.5% in the daily average gas volume, from 946mmscfd in year 2011 to 960mmscfd in year 2012. The Board of Directors is encouraged by TNBs healthy performance. And it gives them great pleasure to announce that, after not being able to declare a final year dividend for Financial Year 2011, they are recommending for approval of shareholders at the forthcoming Annual General Meeting a final single tier dividend of 15.0 sen per ordinary share for this financial year. As noted above, it has become increasingly more challenging to keep the nations lights on while ensuring the sus tainability of TNBs operations. However, TNB are guided in this on-going mission by their 20-year Strategic Transformation Plan which they embarked on in 2005. Divided into four five-year phases, this plan strengthens their ground rules and places them on a stronger footing towards realizing their long-term vision of becoming a leading energy corporation globally. Although they are less than halfway through this Strategic Plan, they have already achieved some very encouraging results. A range of key aspects of their performance in terms of electricity generation, transmission and distribution have reached, or are very close to reaching, world-class standards. For the year 2011, Platts rated TNB the 24th best electric utility company in the world, and the third best in Asia. Coming from such a well-known organization, this ranking speaks volumes of their financial and operational management. TNB is now in the midst of the second phase of the Strategic Plan, called Gemilang 2015 Grow th, Global, Green, which was launched on 4 January 2011. The focus of this phase is to further enhance their operations in the traditional domains of generating, transmitting and distributing electricity, while also exploring new energy related ventures locally and abroad. Towards further enhancing their core business, they have embarked on several initiatives to improve our cost-efficiency and operational effectiveness. These include broad financial and asset management plans and programmes. A key achievement of the year has been a further reduction in Transmission and Distribution Losses to 8.25%, surpassing their target of less than 9%. In terms of business expansion, they believe that TNB should leverage on its expertise to develop new sources of revenue in the energy industry locally, as well as abroad. To support their growth plans, they are working on an effective business development and policy framework which will set the company on the right path towards hitting their targ eted non-regulated revenue of RM5 billion by 2015. The chairman also adds that that its the results of the hard work of the entire TNB family. He also expresses his sincere gratitude to every one of more than 33,500 staff. He also record a special tribute to Dato Sri Che Khalib bin Mohamad Noh. Under his leadership over the last eight years, TNB has received numerous accolades, including the Prime Ministers Industry Excellence Award (AKIPM) in 2007, the highest industrial recognition in the nation for a corporate body. TNBs achievements reflect Dato Sris outstanding capabilities as President/CEO. At the same time, he welcomes the new President/CEO, Datuk Wira Ir. Azman Mohd, a veteran of the company whose entire career has been with TNB. He also thanks the Government of Malaysia and the regulatory bodies and particularly the Ministry of Energy, Green Technology and Water and the Energy Commission for their cooperation and collaboration with their continued support and he assures that TNB will make huge strides towards becoming a successful and responsible corporate citizen. Reference : https://www.bursamalaysia.com/market/ Part 2 Part 3 Difference between security valuations and capital budgeting are as follow Determination of value The values of securities, for example ordinary share are based on the market values. This is determined by many factors including demand and supply. When it comes to a capital budgeting, the value of the projects is determined by the company who offers the project. 2) Cash flow Cash flow is used to determine the value of securities such as share and debentures. The futures cash flow from dividends cannot be predicted exactly because it is not in the control of the company. When it comes to capital budgeting, the futures cash flows can be controlled by the company by reducing their expenses. b) The securities are valued according to the market value which follows the demand and supply. The values of the projects in capital budgeting is decided by the company giving the project. The securities are also valued using future cash flow, for example future dividends for share valuation. These are beyond the control of the company because it would be decided by the shareholder. The cash flow from the projects in capital budgeting can be controlled by the company by using cost cutting measures.
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