Sunday, December 29, 2019
Observations And Reflections On The Us Health Care System
Observations and reflections on the US health care system, some worrying trends observed in recent years, as well as the observations made in the course of practical work in health care have led to my decision to write to you. Among people without health care in our country, about 88% of the work, but many do not earn enough to pay for private health insurance (DeNavas-Walt, Proctor, and Smith, 2011). At the same time they cannot get government insurance for the poor because their income is higher than the official poverty level. In the case of unpaid treatment to the law of the seizure of property of the debtor and the person may remain homeless because medical bills can easily reach 20 thousand dollars and more. This situation makes itâ⬠¦show more contentâ⬠¦Medical errors are among the five most common causes of death in the United States, among them - cardiovascular, cancer, stroke and lung disease. According to scientists, the number of deaths of Americans as a result of medical errors exceeds the number of deaths caused by breast cancer, car accidents or AIDS. Checking the quality of care insurance company organized for the benefit of the patient, and as a result hospitals financially punishes not only technical, but also for medical errors (Ulene, 2008). Implementation of the system to contain costs for voluntary health insurance does not mean that reduce the amount of services provided to patients by insurance. Efforts are aimed at optimizing the examination and treatment. For example, in our surgical hospital, through the use of advanced surgical techniques, digital mobile X-ray, the patient with a hip fracture can be discharged on day 2, and consequently reduces the cost per bed-day payments. Urgently needed is the harmonization of standards of examination and treatment. Indeed, insurance companies fear that in the epoch of private medicine, clinics tend to provide the best possible service and therefore resort to a system matching each service provided by the insurer. It should be noted that at present all serious, major insurance companies
Saturday, December 21, 2019
Internal Medicine An Investigative Mind And Deep...
ââ¬Å"We made it! We made it!â⬠I was shouting with joy. Breathing heavily, I was trying to fill my lungs with cold brisk air at 12000 feet from sea level; I was at Shipar top. The view was incredible! Vast stretches of gigantic mountains covered with snow vanished into the horizon. I felt a pat on my back, ââ¬Å"I thought you would never make it this farâ⬠, said my friend with appreciation. Although this journey put my unconditioned body into test for two days, but the real test was of my resolve and determination. Coming from a remote part of the country with limited educational resources; I had to hear similar comments during the medical school. However, refuting all the doubts, I graduated with grace. I am drawn towards internal medicine because I feel I have an investigative mind and deep observation of things. I enjoy the intellectual challenge it offers. Working on different systems in the body, putting various pieces of information together like a jigsaw puzzle to create a clear picture at the end is very interesting about this field. Internal medicine is also exciting because of its vast realm of knowledge and continually evolving expertise. It also provides opportunity to interact with individuals with diverse backgrounds and interesting life experiences Working as an extern in USA in different institutions in the last 6 months has reinforced my commitment to internal medicine. During this period I had firsthand experience of interacting with the patients and observing theShow MoreRelated Eccentric Artists and Mad Scientists Essay5055 Words à |à 21 Pagesquestion is not yet settled, whether madness is or is not the loftiest intelligence--whether much that is glorious--whether all that is profound--does not spring from disease of thought--from moods of mind exalted at the expense of the general intellect. Those who dream by day are cognizant of many things which escape those who dream only by night - Edgar Allen Poe Imagination is more important than knowledge - Albert Einstein Is creative genius somehow woven together with madness? AccordingRead MoreProblems Facing the Pharmaceutical Industry and Approaches to Ensure Long Term Viability14741 Words à |à 59 Pagesthe computer industry for example International Business Machine Corporation (IBM) moving to a service model, the steel industry (outsourcing and diversification) and more recently, the technology sector with the bursting of the dotcom bubble. One thing has become clear. Only the companies that are willing to change or modify their strategies and follow that with excellent execution of these strategies will have long term success. The issues involved are very complex and cover a wide variety of areasRead MoreCsr Communication in the Pharma Industry35538 Words à |à 143 PagesFairbrass, 2008). Corporate communication -defined as ââ¬Å"the set of activities involved in managing and orchestrating all internal and external communications aimed at creating favorable starting points with stakeholder s on which the company dependsâ⬠(van Riel and Fombrun, 2007: 25)-, plays a key role for firms aiming to explain to its stakeholders the way it manages both its internal and external actions, so as to build and protect the companyââ¬â¢s reputation. Corporate Social Responsibility (CSR) activitiesRead MorePerceived Stress Levels and Stress Management Among Paramedical Students Lyceum of the Philippines University: Towards Stress Management Enhancement15005 Words à |à 61 Pageshas been a subject of much research interest. It is therefore important to study the experience of stress in dental students and to identify ways to manage it. (Sanders, 2002). Stress can also be defined as the biological reaction to any adverse internal or external stimulusââ¬âphysical, mental or emotionalââ¬âthat tends to disturb the organismââ¬â¢s homeostasis. If the compensating reactions are inadequate or inappropriate, they may lead to disorders. However, stress is not all bad. Certai n stressors inspireRead MoreHsm 542 Week 12 Discussion Essay45410 Words à |à 182 Pagesthis type of viewing. Resource:à Pozgar, G., (2012). Legal aspects of health care administration (11th ed.). Jones Bartlett Learning. | | | | | RE: Hello | Lloyreen Moss | 3/7/2013 6:59:20 PM | | | Im wondering what everyone things about the recent news story ofà a nursing home in Bakersfield California who has a policy against its employees giving CPR?à à I am required to have CPR certification as a massage therapist.à When I went through the training, I was under the impressionRead MoreHbr When Your Core Business Is Dying74686 Words à |à 299 Pagesignited, prosperity is fueled and the energy available to everyone inc reases. At the same tim balancing the needs of e, producers and consum ers is as crucial as increa sing supply and curbin g demand. Only then wil l the world enjoy energy peace-of-mind. Succeeding in securing energy for everyone doe snââ¬â¢t have to come at the exp ens start to think differently e of anyone. Once we all about energy, then we can truly make this promise a reality. $15 hips over ket. ners part r sting Inve gy to maRead MoreThe Effect of Student Attitudes and Beliefs on Mathematics Education29432 Words à |à 118 PagesAliyat, Bernard Junior (BJ), thanks for all your support, love and encouragement ACKNOWLEGEMENT Many people have undoubtedly contributed to the success of this work. Therefore I owe them many debts of gratitude. Firstly, I would like to express my deep sense of gratitude to my supervisor. Mr. Ogundana, for his invaluable guidance and contribution towards the success of this work. His interest in my work, commitment and constant encouragement gave me the stamina and morale to work harder. I expressRead MoreStephen P. Robbins Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words à |à 1573 PagesSad 107 glOBalization! Should You Expect ââ¬Å"Service with a Smileâ⬠All Around the World? 108 Self-Assessment Library Whatââ¬â¢s My Emotional Intelligence Score? 115 An Ethical Choice Schadenfreude 120 Point/Counterpoint Sometimes Blowing Your Top Is a Good Thing 122 Questions for Review 121 Experiential Exercise Who Can Catch a Liar? 123 Ethical Dilemma Happiness Coaches for Employees 123 Case Incident 1 Is It Okay to Cry at Work? 124 Case Incident 2 Can You Read Emotions from Faces? 124 S A L S A Read MoreFundamentals of Hrm263904 Words à |à 1056 PagesResource Information Systems 115 Succession Planning 116 Determining the Demand for Labor 117 Predicting the Future Labor Supply 117 Where Will We Find Workers? 118 Matching Labor Demand and Supply 118 Job Analysis 120 Job Analysis Methods 120 Observation Methods 120 Individual Interview Method 120 Group Interview Method 120 Structured Questionnaire Method 120 Technical Conference Method 120 Diary Method 121 Discipline and Employee Rights 97 What Is Discipline? 97 WORKPLACE ISSUES: Managers ShouldRead MoreMarketing Mistakes and Successes175322 Words à |à 702 PagesWay of America is a nonprofit organization. The man who led it to become the nationââ¬â¢s largest charity perceived himself as virtually beyond authority. Exorbitant spending, favoritism, conflicts of interestââ¬âthese went without criticism until investigative reporters from the Washington Post publicized the scandalous conduct. With its public image plummeting, contributions nationwide drastically declined. The real concern was whether United Way could ever regain its former luster. 6 â⬠¢ Chapter
Friday, December 13, 2019
Movie questions Free Essays
First I think they are both determined, ambitious, but they both failed on something. Vincent has a lifelong dream of going Into the space, and he will do anything to make It happen. Jerome has always been a good swimmer and heââ¬â¢s always winning. We will write a custom essay sample on Movie questions or any similar topic only for you Order Now But once he got a third place Instead of a first, he melted down and walked in front of a car then sits in a wheelchair for the rest of his life. 2. I donââ¬â¢t think he was mentally ill, instead I think he was depressed. Because he was kissable could no longer do thing he loves the most in his life swim. . Because each time Anton swum with Vincent, he saved his energy to swim back. But for Vincent, like I said, he is determined, he wants to beat his brother so bad. He gave out all his strength to achieve his goal. 4. Because the society Is running In the way they (the people with genetically disable) canââ¬â¢t win on, they donââ¬â¢t get to have a chance on something they might good at, Just because of the gene In their body. They begin to lose the faith In this society, thus, the resistance comes up. 5. Thereââ¬â¢s no more trust between people, the only thing that people trust is genes. People donââ¬â¢t get to treated equally, children get abandoned or neglected. The society judge and determine peopleââ¬â¢s Jobs based on their genetic background. 6. Yes, parents want that for their children. But sometimes having the perfect genes is not everything that the child wants, itââ¬â¢s sort of extra pressure for them. But once anyone who doesnââ¬â¢t fit Into those ââ¬Ëperfectââ¬â¢ features Is thrown away and disregarded like garbage even though theyââ¬â¢re people. Itââ¬â¢s devoid of fun and vitality and everything eke that because everything Is controlled and restricted for them, and the people are all obey to the rules and laws. . Because heââ¬â¢s using Groomerââ¬â¢s identity, cause Groomerââ¬â¢s genes were enhanced, also his hard working and his determined mind. 8. As the president of a corporation, I could (as many do) hire whatever I think are the best individuals for my business. With all the diversity in my corporation, I believe it wo uld create a comfortable work environment for my employees, which might show the customers we are not only care about our profit, we also care about our employees Like we care about you! Not only the money In your pocket! The Implication of this might be In the future, the standard of getting hired by some high profit or state-owned company will be raised. Personality that modified by their parents. Which means they might become what their parents wanted them to be instead of what themselves really want to be. This might cause the society with no diversity. 10. Yes I agree with this, because nobody is perfect. The progress of the human being is similar to we overcome ours weakness. Without weakness, a person will be incompleteâ⬠11 . Certainly! If they can predict my future life, whatââ¬â¢s the point of selling me the insurance if I will be dead under their insurance? The way to stop this would be forbid this kind of technology in certain company to secure our rights. 12. They were trying to tell us the genes are not always accurate. Itââ¬â¢s not wise and considerate to Judge a person by their genes 13. They were trying to show us that although something as beautiful as music could be created from engineering children to have 12 fingers, it wouldnââ¬â¢t be ultimately eight to genetically change the human structure. Sure, 12 fingers would help, but a mutant really be necessary Just for perfection? Some things are better off as is, and more beautiful natural. 14. I think it should be limited in medicinal area. It could be allowed only if itââ¬â¢s for good purpose. 15 and 16. For me, it is not practical for us to start cloning humans until we start reaching out to other plants so we will have room for them. Remember, more people, the more land, food, waste, etc. So until we either start sending people out into space, r we have a global disaster that wipes out a large number of the population, I would say no. Regardless itââ¬â¢s cloning myself or cloning other people. But if itââ¬â¢s for personal multiply, I would say we need to consider it very carefully. 17. Yes they would, even they are not naturally born, but they are still human. Every human being deserves the equal rights, which supports my opinion: we really need to consider it carefully about cloning human. 18. Psychology: self worth, determination, failure Anthropology: perfection and imperfection Sociology: discrimination, family How to cite Movie questions, Papers
Thursday, December 5, 2019
Some Neo
Some Neo-Freudian Views On A Serial Killer Essay Some Neo-Freudian Views On A Serial Killer Essay The perfect normal person is rare in our civilization ~ Karen Horney Charles Manson is in fact one of the most widely known serial killers of our time. He can easily be considered the boogey man of society. Many people still to this day fear him and his past, yet now an old man in a prison cell, one may wonder what created such a monster. In learning about personality I thought that it would be interesting to apply some of the concepts that we have learned from the text and in class to a certain individual. I have no idea why in the end I chose Charles Manson. I think maybe it is because of his tragic life before the murders, a life that most people dont know about. Mason was the illegitimate son of Kathleen Maddox, a 16-year-old prostitute. Manson had no contact what so ever with his father (ATWL.com). The first thing to point out is Alfred Adlers point of view on Birth Order. Adler believed that the order in which you were born influenced your personality. Manson was the first born. Adler says that the first born may become authoritarian or strict. Feels power is his right. The first is usually a problem child, a neurotic, criminal, drunkard, and a pervert. Knowing Mansons future in crime it is interesting how Adlers theory fits in (Stein). Another thing is that Manson never had any sort of a relation ship with his mother or his father. His mother would often take off and leave him with strangers. Once she even traded him for a pitcher of beer at a local pub (Bugliosi 20-22). Ainsworth and her colleagues developed three types of parent-child relationships. Manson undoubtedly would fit into the last category : Avoidant relationships. In this type of a relationship the mother doesnt respond to her childs needs, the baby is neglected. It therefor develops a sense of worthlessness and possible anger towards authoritative figures (Burger 162-163). According to Erikson one can either develop a sense of basic trust or a sense of basic mistrust. If the mother is avoidant as in Mansons case the child will most likely develop a sense of mistrust. This will lead to a life of estrangement and withdrawal (Burger 117). Mansons life continued to be one crime after another. He was arrested for several instances where he stole cars and committed robberies. In prison he attacked another prisoner with a razor blade and continued to sodomize him (Bugliosi 67). Freud may have seen this as frustration of the libido. Which in turn, causes aggression. This may also explain the act of sodomization against the other prisoner (Burger 153). Karen Horney would most likely have seen Charles Manson as one who Moves against people. It is way that she believed a group of people handled their anxiety. To act aggressively may help deal with a poor home environment. They compensate for feelings of inadequacy by pushing other individuals around (Burger 125-125). During the summer of love Manson appealed to those who where like him in many ways. In fact many of the girls that became familiar with Manson saw him as a Father figure. Most of them, if not all developed sexual relationships with Manson. He was known as the father of the cult (Bugliosi 111-125). Freud may have seen something a bit like the Oedipus complex here. The Oedipus complex is named after a mythological figure who knowingly married his mother. Although they were not biologically related, Freud may have argued that they were in need of the father figure in their lives (Donadio). One could also say that Manson ruled in an authoritarian manner. During the years in his cult he convinced other members that he was godlike. He also made them go on a horrible killing spree. According to Erich Fromm this is the tendency to fuse ones self with somebody or something outside of oneself in order to acquire the strength which the individual self is lacking (Fromm, p. .u3311656ed7df84ed1e9792be05b47348 , .u3311656ed7df84ed1e9792be05b47348 .postImageUrl , .u3311656ed7df84ed1e9792be05b47348 .centered-text-area { min-height: 80px; position: relative; } .u3311656ed7df84ed1e9792be05b47348 , .u3311656ed7df84ed1e9792be05b47348:hover , .u3311656ed7df84ed1e9792be05b47348:visited , .u3311656ed7df84ed1e9792be05b47348:active { border:0!important; } .u3311656ed7df84ed1e9792be05b47348 .clearfix:after { content: ""; display: table; clear: both; } .u3311656ed7df84ed1e9792be05b47348 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u3311656ed7df84ed1e9792be05b47348:active , .u3311656ed7df84ed1e9792be05b47348:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u3311656ed7df84ed1e9792be05b47348 .centered-text-area { width: 100%; position: relative ; } .u3311656ed7df84ed1e9792be05b47348 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u3311656ed7df84ed1e9792be05b47348 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u3311656ed7df84ed1e9792be05b47348 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u3311656ed7df84ed1e9792be05b47348:hover .ctaButton { background-color: #34495E!important; } .u3311656ed7df84ed1e9792be05b47348 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u3311656ed7df84ed1e9792be05b47348 .u3311656ed7df84ed1e9792be05b47348-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u3311656ed7df84ed1e9792be05b47348:after { content: ""; display: block; clear: both; } READ: THE POLITICAL ENVIRONMENT OF THE PHILIPPINES Essay163). I believe Evilness and self-loss are as real as are goodness and aliveness. They are the secondary potentialities of man if he chooses not .
Thursday, November 28, 2019
A Liberal essays
A Liberal essays One would think, after the 09/11 attacks against the world trade center and the pentagon, a liberal wouldnt believe in retaliation against Afghanistan because that would constitute perpetrating harmful acts. However the attacks of 09/11 were meant to cause terror, which is also considered a harmful act and god forbid that should ever happen to the United States. The goal of a classical liberal government is to give its people individual freedom, equal opportunity, and individual rights which includes keeping its people safe and preventing them from being harmed. Classical liberalism dates back 400 years ago and is a European rooted system. An example of an ideology of classical liberalism is that based on the premise that humans and chimps are ninety eight percent identical the two percent difference between the two, is that we have the capacity to reason and that we act in self-interest. This self-interest drives us to pursue individual freedom, and happiness. In classical liberalis m the obstacles to individual freedom are: Each other-we have a social contract with each other, Government, Religious conformity-religious beliefs are private, Poverty, Prejudice- not moving on from the past, Ignorance-not knowing. The key to liberalism is that your pursuit of happiness doesnt block anybody elses. The idea is equality of opportunity. In liberalism all men are created equally. A liberal can be whatever he/she wants to be, but also following the guidelines above. Liberalism promotes a level playing field. When the 09/11 attacks occurred the rights and safety of the people of this country were violated and being that the roles of the government as far as the classical liberal ideology is concerned are: Protection - to protect each individual form being harmed or feeling like theyre being harmed, which would block their pursuit of happiness. Also the Justice System which is a role of government is supposed to ...
Sunday, November 24, 2019
Western Legal Tradition Essays
Western Legal Tradition Essays Western Legal Tradition Essay Western Legal Tradition Essay To what extent did the concepts and institutions of the western legal tradition influence the colony of New South Wales and, ultimately, the development of the Australian legal system? Australia inherited a legal system and a system of government from its colonial power, Britain. An understanding of Australian law requires tracing of development of law and legal institutions in England. Britain shares many of the basic concepts of law found in other parts of Western Europe. The underlying concepts and principles of law of Western Europe are generally referred to as Western Legal Traditionââ¬â¢.Western legal tradition along with English law greatly impacted the legal system in the colony of New South Wales. This essay will explore the influence of western legal tradition on the legal system of New South Wales leading to the development of Australiaââ¬â¢s own legal system. Overview of the western legal tradition and its significance to Australian law There are two distinct systems of law in the western legal tradition despite sharing similar philosophical underpinnings. Britain follows the common law and the continental Europe follows civil law.These two systems represent a single western tradition, with a shared understanding that law has a central role to play in all social organisations. It has three main characteristics, a) the autonomy of law it remains differentiated from politics, religion and morality; b) the centrality of law law as a means of social ordering and change pervades in all aspect of society; and c) moral authority of law law is respected, i. e. law should be obeyed as a positive obligation and not for fear of punishment. British concepts and institutionsMany of the legal concepts and institutions like the rule of law, trial by jury, parliamentary sovereignty, representative and responsible government (the parliamentary democracy), judicial independence and many more originated in medieval English history following the Norman invasion in 1066. This conquest impacted on the subsequent development of law and legal system in England. The administration was feudal system. The empire was divided into a number of fiefdoms and each fiefdom had its own law courts. Good governance required unified system of administration and a unified legal system.Unification of legal system was achieved through sending judges around the country deciding civil and criminal cases. These judges applied the law consistently by developing a common set of principles and procedure replacing different customary laws of individual fiefdoms. The body of rules from these rulings became known as common law. Judges applied a principle created in the previous case in future cases with similar facts, and developed the doctrine of precedent. The application of these precedents required a system of reporting and publications.Thus the common law is the by-product of an administrative triumph, the way in which the government of England came to be centralised and specialised during the centuries after the conquest. In 1215 through the Magna Carta many limitations were placed on the authority of the King with the aim of curving arbitrary abuse of power. The King had to agree to rule with a committee of barons. The king also lost the power to tax. No new tax can be levied without the consent of the curia regis. The Westminster model of parliamentary government eventually evolved from this. Development of the Australian legal systemThe acquisition of the Australian continent in 1770s resulted in the introduction of English law in these colonies. The legal system introduced was dependent for its legal validity on a number of British statutes, including the Australian Constitution Act 1900. Between 1855 and 1890 the British Parliament granted a limited right to set up a local system of government (granting of responsible government) to individual colonies within Australia. During the late 19th century efforts were made to create one state out of six independent colonies, and a series of conventions were held in the 1890s to draft a constitution agreed by all colonies.Following a referendum in each colony to approve the draft constitutio n the British Parliament passed this Constitution paving way for the independence of Australia. The removal of British Parliamentââ¬â¢s power to enact laws for Australia was formally done through the Australia Act 1986 (UK) passed by the British parliament. This Act also made the High Court of Australia the last court of appeal in Australia. This meant final independence from Britain. Development of a distinct legal system in AustraliaThough the Australian law has originated and developed from English law but due to local circumstances it was impracticable to transplant English law in New South Wales as demonstrated in Kables case. Henry and Susannah Kable were prisoners being transported to Australia. They deposited money with their ships captain but the money disappeared. Under English law, the Kables, being prisoners, were considered attainted and therefore were unable to sue people in civil matters. However, they were allowed to sue in New South Wales, as it was realised that this law of attaint is impractical in a new penal colony where everyone is a prisoner.This case marked the beginning of departure of application of English law paving the way for a new distinct system of law to evolve in New South Wales. However, in line with the western tradition the Australian legal system is based on a fundamental belief in the rule of law including equality before law, the independence of the judiciary. Many safeguards exist to ensure that people are not treated arbitrarily or unfairly. Principles such as procedural fairness, judicial precedent and the separation of powers are also fundamental to Australiaââ¬â¢s legal system.Along with these western traditions clearly there were many distinguishing features separating Australian system from English system as manifested in the Australian Constitution of 1901. Unlike Britain Australia has a written constitution. Australia follows a federal system contrary to British unitary system. In a federal system the cons titution distributes the powers between the federal government and the states whereas in a unitary system there is no need for a distribution of powers. The states and territories have their respective government with independent legislative powers.Each of the federal and state governments has three separate branches of government- legislative, executive and judicial. The British Parliament enjoys Parliamentary Sovereignty, i. e. it has the right to make or unmake any law, and a law passed by the parliament cannot be overridden or set aside by another authority. In Australia, the powers of the parliament are limited by the constitution and the Australian High Court can declare a law passed by the parliament invalid if it is unconstitutional. Moreover, the British constitution is flexible whereas the Australian constitution is rigid.The British Upper house, House of Lords, comprises of non-elected nominated members whereas the upper house in Australia, the Senate, comprises of direct ly elected members representing their respective states and territory. Voting in Britain is voluntary though compulsory in in Australia. From the above discussions it is clear that the Australian legal system and the institutions of governance were influenced, created and shaped by the British law. Despite, these influences due to Australian distinct historical and political needs there emerged a separate legal system in Australia.
Thursday, November 21, 2019
Financial report analysis Essay Example | Topics and Well Written Essays - 4250 words
Financial report analysis - Essay Example Origin made it generation capacity more than doubled by expanding or adding power plants in 2010. The capacity was 704 MW in the financial year of 2009; it was increased to 1620 MW in 2010. The companyââ¬â¢s performance improved even its retail sector where a profit of $90 million to $565 million was achieved. The sale of companyââ¬â¢s solar systems provided further profit to the company. Despite all above factors company reported a substantial decrease in Net Profit after tax as it was calculated 91% lower than the previous fiscal year, i.e. in 2009. The statuary profit was decreased to $612 million in comparison with $6941 million of the previous year. In this loss the dilution of Originââ¬â¢s interest in Australia Pacific LNG alone comprised of $6411 million to that period while the net benefit in this number of items being only $27 in this year. The earnings per share for the period hence decreased to a nominal 69 cps (cents per share) from the 791 cps of last year. A fi nal dividend of 25 cents per share was paid to its shareholders in the month of September, 2010. The company expanded its presence in south East Asia to the portfolio of oil and gas drilling. This exercise has been totally unprofitable for the company as excluding this exercise companyââ¬â¢s underlying profit would have been up by 15% or 609 million. Apart from that Underlying Earning per Share noticed a growth of 10% as it increased to 66.6 cent per share from 60.5 cent per share, the average weighted capital base being 878 million. The main cause of such loss in companyââ¬â¢s account will definitely be amounted because of the dilution exercise processed with the Australia Pacific LNG which definitely was a bad decision in favour of the company. (Origin Energy, 2011, Annual report) Introduction In February 2000 the Australian Conglomerate Boral Limited was demerged and its energy segment was removed from it to form a new company Origin Energy. This was done to separate the en ergy business from building and construction business. In the year 200 and 2001 the companied grew to a substantial size by acquiring Electricity retailers Powercor and Citypower. Till 2004 the company has further acquired 50% holding in Kupe Gas Field and 51.4% holding in Edison Mission Energy. By The month of March this year the company has bought the retail division of Country Energy and Integral Energy in $3250 million from the Govt. of New South Wales The principal activities of Origin Energy are in the fields of Oil, Gas and Electricity. The company owns Oil and Gas reserves in South Australia and Queensland. Outside the Australia also the company is intended to develop Kupe Gas Field in New Zealand. In Retail sector the company serves over three million customersââ¬â¢ gas or electricity in New Zealand, Australia and in the south pacific. In generation business the company generates electricity mainly natural gas. None of the coal fired power plant is owned by the company. In fields of Gas transportation and distributing Origin Energy had shareholding of 17% in Envesta Limited and 33% in SEAGas pipeline and these shareholdings were sold to APA group in 2007. The company policy of producing energy from renewable sources is well appreciated. The company is highly active in this field and have spent years of research in this field. The company does not own any equity in wind farms
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