Comvita

In: Business and Management

Submitted By JessicaMiller
Words 4928
Pages 20
Accounting Report- Jessica Miller

Prepare a report for an external user that interprets the annual report of a New Zealand reporting entity.

91407

By: J. Miller To: Lydia Paper: Accounting 91407, Annual report review

Executive summary
This report is prepared for Lydia who is considering purchasing shares in Comvita. The report aims to provide analysis of Comvita’s annual report and the viability of investing in stocks in the company to maximise the returns on their investment in Comvita.
Comvita is an international natural health and beauty products company with a strong New Zealand heritage. They are committed to the development of innovative natural health and wellbeing products, backed by creditable scientific research. Manuka honey is the core of the Comvita product range and they are the largest manufacturer and marketer in the world. They sell in 18 countries with offices in New Zealand, Hong Kong, Australia, Japan, Taiwan, South Korea and the United Kingdom.
Revenue for Comvita has increased impressively over the last year, along with the increase of the individual segments within the business has left Comvita in a financially sound state. Comvita has also invested and expanded showing good cash management. Their medical segment shows great potential for growth in the future, with their investment in Derma sciences paying off. With these reasons and Comvita’s record Net profit for 2012 of 8.224 million, gives me great confidence to recommend Lydia to invest in Comvita.

Table of Contents

Executive Summary
Table of Contents

1. Introduction 2. Conclusions 3. Recommendations 4. Discussion

5.1 Profitability 5.2 Cash Management/Liquidity 5.3.1 Operating activities 5.3.2 Investing activities 5.3.3…...

Similar Documents

Ha Nguyen

...Briscoe Group Limited. BRENT IMPEY Independent Non-Executive Director Chair of the Remuneration and Nomination Committee Brent was most recently the CEO of MediaWorks NZ Limited and prior to this role he held a number of legal, corporate advisory, consultancy and media related roles. Brent is also a Director of New Zealand Rugby Union, Yellow Pages Group, Finzsoft NZ, hutchwilco NZ Limited, Devon Funds Management and Fred hollows Australia. MAURICE PRENDERGAST Non-Executive Director Maurice Prendergast was the Chief Executive Officer of Pumpkin Patch from 1993 to 2011. Maurice has held executive positions in accounting, distribution and property development in both New Zealand and Australian companies. Maurice is currently a director of Comvita Limited. DAvID JACKSON Independent Non-Executive Director Chair of the Audit and Risk Committee and member of the Remuneration and Nomination Committee David is currently a director of Nuplex Industries Limited, Fonterra Co Operative Group Limited and Chairman of the New Zealand Refining Company Limited. David formerly was a Senior Audit Partner and Chairman of Ernst & Young. PETER SChUYT Independent Non-Executive Director Member of the Audit and Risk Committee. Peter is currently a director of a number of organisations including Tatua Co-operative Dairy Company Limited, Port Nelson Limited, and Landcare Research New Zealand Limited. Prior to this he held a variety of senior executive roles with a diverse range of......

Words: 23891 - Pages: 96

Industrial Relations

...world's developing nations Changing Characteristics of the Global Economy • The Changing Nature of Multinational Enterprises (MNEs) (Cont’d) – Examples of MNEs from the developing nations on the UN’s Top 100 list  Hutchison Whampoa of Hong Kong, China, which ranked 16 in terms of foreign assets  Singtel of Singapore  Petronas of Malaysia  Samsung of Korea Changing Characteristics of the Global Economy • The Changing Nature of Multinational Enterprises (Cont’d) – The Rise of Mini-Multinationals  Another trend in international business has been the growth of small and medium-sized multinationals (mini-multinationals).  The number of mini-multinationals is on the rise. – Example of mini-multinational  ‘Comvita’, with its main manufacturing base at Paengaroa in New Zealand Changing Characteristics of the Global Economy • The Changing World Order – The collapse of communism in Eastern Europe presents a host of export and investment opportunities for Western businesses. – The economic development of China poses huge opportunities and risks, in spite of its continued Communist control. – Mexico and Latin America also present tremendous new opportunities, both as markets and sources of materials and production. Changing Characteristics of the Global Economy • The Global Economy of the 21st Century – Firms must be aware that while the more integrated global economy presents many new opportunities, it could also result in......

Words: 2058 - Pages: 9

27.08.1100:00 Uhr Die Drei Fragezeichen-F148 Und Die Feurige Flut Sonstiges192 kbit/s 10 / 121.848 Hits VID P2P DDL 0 Kommentare | HD Down for the Count (2009) | [FHD]SNIS 268.FHD.wmv