ADVANCE CORPORATE ACCOUNTING

Advance corporate accounting

Advance corporate accounting

Answer1)

Qantas Airways

Qantas Airways Limited (QAN) main business is the transportation of passengers using two complementary airline brands - Qantas and Jet star. QAN also operate other airlines, and businesses in specialist markets such as Qantas Holidays and Q Catering. QAN's airline brands operate regional, domestic and international services. QAN's core strategy is to profitably grow its two flying brands, Qantas and low-cost Jetstar. Qantas will seek to strengthen its leading positions in premium markets. Jetstar will expand locally and into international leisure markets. QAN also has Freight and Frequent Flyer businesses. The longer term strategy for QAN is to restructure its international business in an attempt to eliminate mounting losses. The strategy laid out by the company is to reduce the capital intensity of the business by forging partnerships with carriers in certain sectors that are uneconomical. The proposed code sharing arrangement with British Airways on the European sector is one such example.

The expansion of Jetstar in Asia will continue as that has been a big success story. Plans to introduce a premium service in Asia and l a new service in Japan are intriguing. QAN is also looking to take significant cost out of this business. Qantas Airways reported NPAT of $250m for the year ended 30 June 2011. Revenues from ordinary activities were $14.89bn, up 8% from last year. The 2011 results include the financial impact of the Rolls-Royce engine failure on QF 32 and the subsequent temporary grounding of the Airbus A380 fleet. The results also include the settlement agreed with Rolls-Royce ($95m) which offsets the direct financial losses incurred. Basic and Diluted EPS was 11.0 cents compared to 4.9 cents last year. Net operating cash flow was $1.78bn compared to $1.35bn last year. No dividend was declared. The group invested $2.4bn in capital expenditure during the year. This includes the purchase of 15 aircraft, progress payments on future deliveries, and continued investment in customer product and infrastructure.

Stock Price Movement (Monthly)

Date

Open

High

Low

Close

Volume

Adj Close

8/1/2012

1.14

1.21

1.1

1.17

6734300

1.17

7/2/2012

1.1

1.15

0.99

1.14

11314600

1.14

6/1/2012

1.5

1.5

0.96

1.08

30934600

1.08

5/1/2012

1.62

1.66

1.42

1.49

7619800

1.49

4/2/2012

1.78

1.78

1.6

1.63

7684700

1.63

3/1/2012

1.72

1.83

1.65

1.78

10301400

1.78

2/1/2012

1.58

1.76

1.53

1.73

10258100

1.73

1/3/2012

1.48

1.62

1.46

1.58

6710800

1.58

12/1/2011

1.54

1.66

1.45

1.46

7274100

1.46

11/1/2011

1.61

1.77

1.44

1.51

13092900

1.51

10/3/2011

1.39

1.66

1.35

1.61

12502000

1.61

9/1/2011

1.58

1.63

1.39

1.41

12729600

1.41

8/1/2011

1.85

1.89

1.42

1.57

16921100

1.57

7/1/2011

1.85

2.03

1.8

1.85

9630400

1.85

6/1/2011

2.11

2.11

1.78

1.84

17080200

1.84

5/2/2011

2.1

2.19

2.03

2.1

13318000

2.1

4/1/2011

2.18

2.25

2.08

2.11

17500200

2.11

3/1/2011

2.34

2.37

2.05

2.18

17801700

2.18

2/1/2011

2.41

2.57

2.32

2.34

22370300

2.34

1/4/2011

2.55

2.58

2.38

2.4

13297000

2.4

12/1/2010

2.6

2.74

2.51

2.54

9827400

2.54

11/1/2010

2.82

2.97

2.58

2.63

19988000

2.63

10/1/2010

2.82

2.94

2.72

2.84

12873500

2.84

9/1/2010

2.53

2.82

2.51

2.79

16622200

2.79

8/2/2010

2.47

2.69

2.42

2.51

18852300

2.51

7/1/2010

2.18

2.51

2.12

2.47

11142000

2.47

6/1/2010

2.47

2.56

2.17

2.2

13985800

2.2

5/3/2010

2.83

2.86

2.3

2.5

22130500

2.5

4/1/2010

2.84

3.02

2.8

2.84

15429700

2.84

3/1/2010

2.63

2.93

2.56

2.84

20310400

2.84

2/1/2010

2.82

3.01

2.56

2.64

24569200

2.64

1/4/2010

2.98

3.03

2.79

2.84

18239200

2.84

12/1/2009

2.62

3

2.53

2.99

15999700

2.99

11/2/2009

2.71

2.85

2.53

2.6

11157400

2.6

10/1/2009

2.89

3.06

2.68

2.8

18115100

2.8

9/1/2009

2.51

2.92

2.4

2.86

17541200

2.86

8/3/2009

2.31

2.77

2.3

2.53

15396300

2.53

7/1/2009

1.97

2.35

1.85

2.32

10882900

2.32

6/1/2009

1.93

2.32

1.88

2.01

11545700

2.01

5/1/2009

1.99

2.17

1.8

1.91

10773300

1.91

4/1/2009

1.74

2.08

1.7

1.98

22997300

1.98

3/2/2009

1.52

1.88

1.38

1.75

14433900

1.75

2/2/2009

2.43

2.48

1.55

1.57

17535500

1.57

1/2/2009

2.62

2.71

2.35

2.45

5555500

2.45

Market Capitalization - $2,650 Million

Billabong International

Billabong International Limited is an Australia-based company. The Company is engaged in the wholesaling and retailing of surf, skate and snow apparel and accessories, and the licensing of the Company's trademarks to specified regions of the world. The Company is organized on a global basis into geographical segments, which include Australasia, Americas, Europe and Rest of the World. Australasia segment includes Australia, New Zealand, Japan, South Africa, Singapore, Malaysia, Indonesia, Thailand and South Korea. Americas segment includes the United States, Canada, Brazil, Peru and Chile. Rest of the World segment relates to royalty receipts from third-party operations. On July 12, 2010, the Company announced the acquisition of RVCA, a progressive art and design-driven brand. On February 23, 2011, National Australia Bank Ltd. ceased to be a substantial holder in the Company. In September 2011, the Company acquired Surfection.

Stock Price Movement (Monthly)

Date

Open

High

Low

Close

Volume

Adj Close

8/1/2012

1.36

1.41

1.36

1.37

2765900

1.37

7/12/2012

1.05

1.38

1.05

1.36

9060200

1.36

6/1/2012

1.92

2.09

0.93

1.02

5758200

1.02

5/1/2012

2.58

2.66

1.88

1.92

1277200

1.92

4/2/2012

2.8

2.93

2.6

2.64

1236800

2.64

3/1/2012

3.13

3.14

2.64

2.78

2427000

2.78

2/1/2012

1.9

3.16

1.75

3.08

5281300

3.08

1/3/2012

1.78

2.03

1.77

1.88

2092000

1.88

12/1/2011

3.76

4.05

1.7

1.77

7107400

1.77

11/1/2011

4.24

4.51

3.52

3.68

2534100

3.68

10/3/2011

3.34

4.48

3.25

4.28

2217000

4.28

9/1/2011

3.45

3.62

2.81

3.32

2702200

3.32

8/1/2011

5.95

6.01

3.28

3.44

3649300

3.44

7/1/2011

6.04

6.42

5.83

5.89

1715400

5.89

6/1/2011

6.49

6.49

5.82

6.01

1365400

6.01

5/2/2011

6.75

6.87

5.8

6.36

3588500

6.36

4/1/2011

7.55

7.64

6.65

6.75

1121200

6.75

3/1/2011

8.48

8.54

7.48

7.55

1192000

7.55

2/1/2011

8.18

9.07

7.78

8.46

1100700

7.47

1/4/2011

8.19

8.7

8.06

8.12

907400

7.17

12/1/2010

8.25

9.03

7.95

8.15

1920500

7.19

11/1/2010

8.01

8.87

7.9

8.45

1006600

7.46

10/1/2010

8

8.26

7.46

8.13

1564100

7.18

9/1/2010

7.65

8.3

7.58

7.97

1574000

7.04

8/2/2010

9.19

9.22

7.31

7.56

2062300

6.53

7/1/2010

8.48

9.3

8.28

9.12

1015900

7.87

6/1/2010

10.01

10.07

8.49

8.74

1354300

7.55

5/3/2010

11.37

11.84

9.9

10.03

1304300

8.66

4/1/2010

11.25

12.32

11.08

11.43

1046200

9.87

3/1/2010

10.07

11.5

10.03

11.3

1199900

9.76

2/1/2010

10.28

10.84

9.93

10.17

990700

8.78

1/4/2010

10.96

11.96

10.43

10.48

852700

9.05

12/1/2009

10.55

11.38

10.37

10.95

709100

9.45

11/2/2009

10.01

11.05

9.84

10.5

1234100

9.07

10/1/2009

11.95

11.99

10.08

10.4

1596200

8.98

9/1/2009

10.55

12.19

10.05

12

1623900

10.36

8/14/2009

10.42

11.01

9.3

10.5

1767500

9.07

Market Capitalization- $653.76 million

BlueScope Steel

BlueScope Steel Limited (BSL) is a steel company based principally in Australia, New Zealand, North America, and ...