Introduction Billabong International Limited (BBG) produces surf wear‚ sports apparel and accessories for the surf‚ skate and snowboard markets (Macquarie‚ 2012). The firm recorded an 18.4% decrease in net profit to A$119.1 million in 2011 (Billabong Shareholder Review 2010/2011). After intense acquisition efforts‚ which saw Billabong buying over 11 brands (Appendix A)‚ the company was forced to undergo a major restructuring‚ closing 150 stores and cutting 400 jobs worldwide
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Billabong Financial Review over 2012 & 2013 A. Current Ratio Part 1: ! ! ! ! ! ! Current ratio = Current assets Current liabilities 2012 Current ratio = 898.92 611.44 = $1.47 2013 Current ratio = 622.37 612.50 = $1.02 Part 2: The current ratio is a measure of a business’ liquidity‚ calculated by taking total current assets and dividing by total current liabilities. The 2013 current ratio for Billabong has dropped $0.45 since 2012. It is generally unwise for a business
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References: 1. Reference for Business Company 2014 http://www.referenceforbusiness.com/history2/89/Billabong-International-Ltd.html viewed 8th November. 2. Katie Smith 2013‚ “retail focus: where did billabong go wrong” EDITD’s blog‚ April 2013‚ viewed 8th November‚ http://editd.com/blog/2013/04/retail-focus-billabong/ 3. Philip Kotler and Kevin Lane Keller 2006‚ ’What is geographic segmentation ’. Marketing Management. Prentice Hall‚ viewed 8th November.
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Billabong International Ltd. markets apparel and accessories designed for surfing‚ skateboarding‚ and snowboarding. The company offers more than 2‚200 products‚ including Board shorts; t-shirts; swimwear; shorts‚ pants‚ and jeans; fleece tops; "jumpers" or pullover sweaters; jackets; backpacks; sports eyewear; and many other products‚ primarily for young men and women. Billabong products are sold through licensees or directly from the company and are available in extreme sports shops in over 60 countries
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or houses. People visit this area because of the untouched natural beauty. However‚ nowadays‚ tourism has forced Sapa to be developed to adapt the tourism culture by changing their environment. There are few main points that represent the environmental changes in Sapa after tourism is becoming stronger. a)Highways Are Built Due to tourism has spiraled out of control nowadays‚ the Sapa has changed. They have started to launch highways from years ago. For example‚
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Climate change‚ extreme weather events‚ air pollution and respiratory health in Europe (De Sairo) • Europe; one of the most vulnerable regions for climate scenarios. • Heat wave episodes: synergistic effect of air pollution and high temperatures • Allergen patterns are also changing in response to climate change: air pollution can modify the allergic potential of pollens • Heath consequences: decrease in lung function to allergic disease‚ new onset of diseases‚ exacerbation of chronic
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1. Explain why exchange rates have been so volatile in recent years/ What are the implications of this volatility for companies like Billabong? There are a large number of influences at work in the foreign exchange markets. The most obvious are shifts in fundamental demand for a currency that reflects the outlook for the economy. For example‚ if Australia is exporting more goods and services‚ foreign buyers will need to buy Australian dollars to pay for them. That will put upward pressure on the
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BILLABONG INTERNATIONAL LTD Completed as part of the requirements for ‘Corporate Finance’‚ 25765 Contents 1.0 Introduction 1 2.0 Executive Summary 1 3.0 Capital Structure 2 3.1 Types of Funding Utilised by Billabong 3 3.2 Recent trend in the level of leverage 3 3.3 Capital expenditure and financing: 5 3.4 Capital Structure of Similar Firms 6 3.5 Company Characteristics and Leverage policy 7 3.5.1 Taxes 8 3.5.2 Trade off Model 8 3.5.3 Pecking Order of Financing Choices 9 3.5.4 Signalling
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Known for its wet climate and natural resources‚ the Northwest includes the states of Oregon‚ Washington‚ and Idaho. This vast land region made up of rugged shorelines‚ volcanic mountains‚ and green mountain sides all play a part in the climatic‚ social‚ and ecological diversity. Levels of carbon dioxide and other heat trapping gasses in the atmosphere are on the rise‚ warming the earth and are causing wide range impacts. These impacts include the rising sea levels‚ melting snow and ice‚ extreme
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Risk Management Policy Billabongs’ activities are exposed to a variety of financial risks‚ these include; market risk (including foreign exchange risk and cash flowinterest rate risk)‚ credit risk and liquidity risk. To minimize potential adverse effects on the financial performance of Billabong‚ the overall risk management program focuses on theunpredictability of financial markets (Billabong Annual Report‚ 2011). The framework is based around the following risk activities: * Risk Identification:
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