Project Cash Flows = Project Operating Cash Flow – Project Additions to NWC – Project Capital Spending - Operating CFs = EBIT + Depreciation – Taxes - Operating CF’s = Project operating CF’s - S = Sales, C = Operating Costs, D = Depreciation, Tc = Corporate Tax Rate - EBIT = S – C – D - Taxes = EBIT x Tc = S – C – D x Tc - OCF = EBIT + D – Taxes = (S – C – D) + D – (S – C – D) x Tc - Project Net Income = EBIT – Taxes = (S – C – D) – (S – C – D) x Tc = (S – C – D) x (1 – Tc) - Bottom Up Approach
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pursue excellence in everything that we do. CONTENTS 01 02 04 05 06 08 Corporate profile Letter to Shareholders Geographically Diversified Operations Corporate Milestones Board of Directors Key Management 10 12 18 19 20 Financial Highlights Financials and Operations Review Corporate Social Responsibility Corporate Information Financial Contents CHINA MINZHONG FOOD CORPORATION LIMITED 2014 ANNUAL REPORT 1 CORPORATE PROFILE Operating since 1971, China Minzhong Food Corporation Limited (“China
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Paper P4 is the advanced financial MANAGEMENT paper at the Professional level. It follows on from Paper F9 at the Fundamentals level. As throughout the ACCA syllabus, the Fundamentals paper covers the main technical areas that all accountants are required to master, whereas the Professional paper builds on that knowledge and explores advanced skills and techniques. In particular Paper P4 expects candidates to have more depth of knowledge, better analytical skills, and to be able to exercise greater
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Annual REPORT Corporate Governance Statement The Board is committed to conducting the business and operations of Caltex Australia Limited and its group companies (Caltex) in accordance with high standards of corporate governance, and in the best interests of our shareholders. The Corporate Governance Statement provides information about the Caltex Group’s corporate governance practices for 2014, including compliance with the ASX Corporate Governance Council’s Corporate Governance Principles
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OPERATING PROFIT TOTAL ASSETS RM RM RM 9.9 billion 2.0 billion 34.6 billion FORBES ASIA’S FABULOUS 50 THE OIL & GAS YEAR LISTING FOR THE SECOND SUCCESSIVE YEAR NEW UPSTREAM PLAYER OF THE YEAR AWARD CONTENTS CORPORATE OVERVIEW 2 a a Health, Safety and Environment 89 Statutory Declaration Financial Performance 90 Independent Auditors’ Report
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One mission: 2013 Annual Report A history of delivering strong results More than Approximately Approximately 10,700 retail units operated in 27 countries 245M customers served weekly in our stores in 27 countries 75 % of U.S. store operations management joined Walmart as hourly associates Increase of Increase of More than 59% in earnings per share(1) (1) Data reflects five-year period from fiscal 2009 through 2013. 123% in free cash flow(1)(2) $ 60B
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Dear Colgate Shareholder Succeeding With Consumers Succeeding With The Profession Succeeding With Our Customers Innovating Everywhere Effectiveness And Efficiency In Everything 18 Strengthening Leadership Worldwide 2 4 8 10 12 14 16 20 Colgate’s Corporate Governance Commitment 21 Your Board Of Directors 22 Your Management Team 23 Non-GAAP Reconciliation Of Financial Measures 24 Global Financial Review/Form 10-K IBC Shareholder Information t Mexico Financial Highlights 2006 2007 2008 2009 2010
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Inge G. Thulin Chairman of the Board, President and Chief Executive Officer 9MAR200510093546 March 25, 2015 Dear Stockholder: We are pleased to invite you to attend 3M’s Annual Meeting of Stockholders, which will be held on Tuesday, May 12, 2015, at 10:00 a.m., Central Daylight Time at a new location at the Palmer Events Center, 900 Barton Springs Road, Austin, Texas 78704. Our Electronics and Energy Business Group is headquartered in Austin, Texas and we are excited about having our
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Dear Colgate Shareholder Succeeding With Consumers Succeeding With The Profession Succeeding With Our Customers Innovating Everywhere Effectiveness And Efficiency In Everything 18 Strengthening Leadership Worldwide 2 4 8 10 12 14 16 20 Colgate’s Corporate Governance Commitment 21 Your Board Of Directors 22 Your Management Team 23 Non-GAAP Reconciliation Of Financial Measures 24 Global Financial Review/Form 10-K IBC Shareholder Information t Mexico Financial Highlights 2006 2007 2008 2009 2010
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tly A sk ed Fr equen in s Question orporate C FinanCe io, a llocch ur izio D uiry, M a lv i Pa sc a l Q tonio Sa Le Fur , A n Ya nn From the team behind Pierre Vernimmen’s % = Corporate FinanCe + 3 Frequently Asked Questions in Corporate Finance Frequently Asked Questions in Corporate Finance Pierre Vernimmen, Pascal Quiry, Antonio Salvi, Maurizio Dallocchio and Yann LeFur A John Wiley & Sons, Ltd., Publication This edition first published in 2011 Copyright 2011
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