(UNAUDITED) AND DECEMBER 31‚ 2012 (AUDITED) AND FOR THE THREE MONTHS ENDED MARCH 31‚ 2013 AND 2012 (UNAUDITED) F-1 PHILIPPINE LONG DISTANCE TELEPHONE COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (in million pesos‚ except par value per share amounts and number of shares) As at January 1‚ As at March 31‚ As at December 31‚ 2012 2012 2013 (As Adjusted*) (Unaudited) ASSETS Noncurrent Assets Property‚ plant and equipment (Notes 3‚ 5‚ 9‚ 12 and 20) Investments
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Strategic Management Plan for Union Bank (http://www.unionbankph.com) Prepared by: Geraldine S. Lungay Student number 200701175 – MKA 31 March 12‚ 2013 Table of Contents Title Page Number I. Executive Summary ................................................................................... 10 II. Company Background ............................................................................... 3 III. Competitive
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Great Depression halted Argentina’s expansion and brought with it a period of a less stable governance. In 1973‚ Argentina held its first general election in ten years and in 1983 Argentina returned to a democracy (Encyclopedia Britannica). The Argentinean flag consists of three equal horizontal bands of light blue‚ white‚ and light blue. Centered in the white middle band is a sun with human face. This sun is known as the Sun of May. The light
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Problem # 1.9: Carlton ’s EPS Sensitivity to Exchange Rates………..… Problem # 1.10: Carlton’s Earnings & Global Taxation…………….....… Chapter-2 The International Monetary System (IMS) Frankfurt & New York................................................. Peso Exchange Rate Changes……………………….. Good as Sold……………………………………………. Gold Standard…………………………………………… Spot Rate Customer……………………………………. Forward Rate……………………………………………. Forward Discount on the dollars………………………. Forward Premium on the euro………………………… Iraqi Imports……………………………………………
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Laurenz Carlo G. Salindong Mr. E.P. Salazar Composition IV 17 August 2012 Bring It Back to the Gold Standard The 2007 global financial crisis considered by many economists to be the worst since the Great Depression in the 1930s caused the downfall of large financial institutions such as drop of interconnected stock markets and the bailing out of major banks. This was triggered by the complex interplay of over-valuated mortgages‚ accumulated malpractice of trading between buyers and sellers
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constitutes hedging and what constitutes speculation? What is the purpose of hedging? How‚ if at all‚ does hedging create value for shareholders? An exchange rate hedge is an asset or position whose value changes (∆H) in the opposite direction to that of an exposure (∆X) as a result of a change in the exchange rate. A perfect hedge would be one whose value changes in an equal and opposite direction‚ resulting in a net change of zero in the value of the combined position:2 ∆V = ∆X + ∆H Hedging therefore
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currency (e.g.‚ Mexican pesos). * This gives rise to foreign exchange risk as the value of the foreign currency is likely to change in relation to the company’s home country currency (e.g.‚ U.S dollars). Suppose that on February 1‚ 2011‚ Joe Inc.‚ a U.S. company‚ makes a sale and ships goods to Jose‚ SA‚ a Mexican customer‚ for $100‚000 (U.S.). However‚ it is agreed that Jose will pay in pesos on March 2‚ 2011. The exchange (spot) rate as of February 1‚ 2011 is 10 pesos per U.S. dollar. How
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FINC/ECON 3240 - International Finance Homework Solution Chapter 1 2. Comparative Advantage. a. Explain how the theory of comparative advantage relates to the need for international business. ANSWER: The theory of comparative advantage implies that countries should specialize in production‚ thereby relying on other countries for some products. Consequently‚ there is a need for international business. b. Explain how the product cycle theory relates to the growth of an
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the potential of commodity derivatives in Pakistan. It explores the critical success factors and it’s negative consequences given the overall Pakistani Environment. Today everyone is talking about derivative instruments as not only a source of hedging but also a profit making instrument and in derivatives the most frequently used instruments around the world are futures‚ may be because of its simplicity and easily understood by masses. By definition futures are basically Contracts which gives the
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Financial Crises and Firm Performance Financial crises • Financial crises could happen anywhere‚ although emerging markets tended to be more seriously afflicted in recent times • Companies operating in a region where a financial crisis had broken out could undergo corporate disasters as a result. • The following sections describe what happened during three major financial crises in the late 1990s and early 2000s‚ and how the business sectors of the regions were affected. • The best-known of
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