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“All of our dreams can come true, if we have the courage to pursue them'. This is what Walter Elias “Walt” Disney believed when he created his Disney brand in 1923. What started out as an silent animation film company, later grew into the largest media conglomerate in the world in terms of revenue. The recent acquisitions of companies such as ESPN, Pixar, and Marvel are a few of many profitable ventures that are owned by Disney. In this paper I'll be reviewing Disney 2011 annual report, current business operations and further business opportunities .
The main sections of an annual report include the financial statements, the managements discussion and analysis, notes to the financial statements, and a auditors report.
Financial statements consists of four different statements. The income statements reports a company success or failure for a given time period. A balance sheet reports assets and claims at a specific point in time. The retained earnings statements show the net income retained in the business. These statements are concluded by the statements of cash flows which provides financial information about the cash receipts and cash payments of a business for a specific period of time.
Some of the other documents included in the annual report are the managements discussion and analysis. This statement covers a companies ability to pay near term obligations, it's ability to fund operations, and the result of its operations. The notes to the financial clarify the four financial statements and provide additional information. Lastly the auditors report is prepared by an outside auditor to make sure the company is following the general accepted accounting principles and also complying with SEC regulations.
In 2011 revenue for Disney increased by 7% or 2.8 billion dollars. The sale of one of the companies top preforming assets Miramax helped with the increase in

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