Asset

price over a one-year period. Source: www.yahoo.com Section 2: Fundamental Analysis Looking at the liquidity measures (figure 2) for Kraft, we can observe that the company has a current ratio greater than 1, which means that their current assets are greater than their current liabilities. Kraft’s current ratio (1.1) is slightly lower than the standard industry (1.3), but the small difference indicates that the company is able to meet short-term debt obligations more easily than their competitors

trading market (for example: Dow Jones). So we can ask, how financial and asset can help to get a competitive advantage. First, Virgin Groups have fixed asset estimated following Virgin Auditor (KPMG, 2009): 7.433.980.000£. But it is important to take care about Richard Bronson fortunes estimated 2.6 billion£ because he invests personally in new firms. According to Grant’s framework, we need to ask two question to know if Virgin asset and Branson’s firms allow having a competitive advantage: “what opportunities

independent and experienced judiciary and uncertainties in how local law is applied and enforced, including in areas most relevant to commercial transactions and foreign investment; and • The nature and timing of decisions about underperforming markets or assets, including decisions that result in impairment charges that reduce our earnings, such as those that may occur as we change our ownership mix. Our results and financial condition are affected by our ownership mix and whether we can achieve a mix that

Assessement = évaluation, estimation Asset = Actif – patrimoine d’une personne ou entreprise – Capital assest = actif de long terme, comme un terrain et u nimmeuble Circulating assests = actif circulant Current assets = actif circulant Fixed asset = immobilisations Intangible assets = un actif non physique ou que l’on ne peut pas voir Liquid assets = actif circulant Long- term assets = actifs à long terme, qui ont une durée de vie supérieure à un an Net assets = actifs nets (somme du total

With the interpretation of the three most important statements, we want to do a deep study about the financial position, performance and changes of the firm during the last 4 years. INDITEX Balance Sheet Non current assets -The percentage of growth of non current assets is high during the four years of our analysis, it is around 10%, and it could be explained by the internationalisation of the group and the opening of new stores in many foreign countries. Inditex followed its expansion strategy

” BNP Paribas’ close client relationships are the competitive advantage that best weathered the crisis. Our clients’ trust is our most valuable asset.” http://media.bnpparibas.com/invest/rapports-annuels/ra2009en/rapport_annuel.pdf http://media-cms.bnpparibas.com/file/54/5/5545.pdf http://media-cms.bnpparibas.com/file/78/2/4782.pdf http://www.bcg.com/documents/file15433.pdf The French bank BNP Paribas’ channels are available to all customers, each has a distinct role and targe customer profile

titrisation de créances1 La titrisation de créances (ou ABS – Asset Backed Securities) est une technique financière utilisée par les banques pour transformer des actifs illiquides en titres liquides. Il s’agit d’une opération financière adossée à un portefeuille d’actifs à des fins de financement et/ou de transfert de risques. Elle donne lieu à une émission de titres sur les marchés de capitaux, adossés à des actifs sous-jacents (asset-backed). Certaines opérations de titrisation sont faites dans

7,408 5,315 1,322 2,041 3,487 1,068 2,994 14,427 1,235 16,000 BIAT ASSET MANAGEMENT 29-oct-96 STB MANAGER SIFIB-BH INI SCIF ATTIJARI GESTION AFC CGI CGF COFIB CAPITAL FINANCE MAC SA AXIS GESTION TUNISIE VALEURS AMEN INVEST 21-déc-96 14-avr-97 03-nov-97 10-janv-00 08-sept-99 01-août-96 10-janv-00 13-juin-00 27-nov-00 25-déc-01 13-mai-03 16-févr-05 16-févr-05 BIAT ASSET MANAGEMENT 18-mai-05 AUTO GEREE FINACORP SMART ASSET MANAGEMENT TSI SIFIB BH MAXULA BOURSE CGF UFI AFC AFC AXIS GESTION HELION

SCOR » Périmètre Co mplete 2 nd Quarter Plan Co mplete 3rd Quarter Plan Co mplete 4th Quarter Plan SCORcard RESULTS PLAN START END JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Service Cost Service Flexibility Assets Flexibility Assets Flexibility Assets 02/08/00 12/31/00 10/01/99 06/30/00 12/03/99 12/31/00 07/19/99 04/30/00 Brainstorming Quarterly Session Action Plan Comp lete Cap ital Plan 1 2 Co mplete Test Co mplete Implementation Service Cost Process

exponentiellement et doivent être assimilés à un rythme croissant. Les connaissances et les compétences prennent du temps à acquérir et constituent le principal actif d’une organisation (capital immatériel – knowledge assets= connaissances sur le marché, les produits, les méthodologies, les technologies ...) I. Le domaine des connaissances 1) Donnée – information- connaissanceUne donnée