Rh Bill Agree or Disagree - 1580 Words

Name: Sheena Elaine F. Magdaraog Subject: Philippine Lit. Section: IT31B Instructor: Ms. Elaine RH Bill: Agree or Disagree The country of the Philippines is one of the world’s developing countries with an enormous growth of population. Due to the fact that the population growth leads the Filipino people to starvation, crime rate increase, unemployment, lack of public facilities, all of these are related to the population growth because RH bill or the Reproductive Health Bill is still in controversy and still a concern of our Philippine Government. The RH bill has not reached its full support because there are people who are against it. Mostly, people who opposed of having such bill in the legislation are related to the Catholic†¦show more content†¦With the knowledge of different family planning methods, students are informed of how to take care of their selves once they are adult and are ready to do what adults do. Having enough information on this will make a person to think more responsibly before doing any actions. Dealing with moral support, a parent should be more open to their children discussing about the circumstances of having pre-marital sex and how it would affect them physically, emotionally and mentally. Moral support does not only come from the parents but from the church as well. I believe that one of the ways that we can contribute to the population control to prevent related issues is discipline. No matter how many methods are there to reduce the increase of birth rate every year, it will always need the characteristic that a person should possess which is discipline. Insights to the Reproductive Health Bill The bill isnt about killing lives. Its an answer to supply an excellent life. Its going to make sure that young ones will undoubtedly be receiving blessings from their parents because they are born in a planned and a wanted option. Its going to make couples stable along with the information and chance to make their lives planned by having a birth gap to their children. This can not only fortify the family as a unit but in addition to be able to optimize and take care of kids wholl have significantly more opportunities to be educated, healthier and productive. The bill willShow MoreRelatedLegalization of Same Sex Marriage9779 Words   |  40 Pageslesbian couples are an uneven patchwork of state laws. Home protection. Laws protect married seniors from being forced to sell their homes to pay high nursing home bills; gay and lesbian seniors have no such protection. Home protection. Laws protect married seniors from being forced to sell their homes to pay high nursing home bills; gay and lesbian seniors have no such protection. Pensions. After the death of a worker, most pension plans pay survivor benefits only to a legal spouseRead MoreIelts4980 Words   |  20 PagesParagraph C Paragraph D Academic Test 1; Page 13  © ieltshelpnow.com 17 18 19 Paragraph E Paragraph F Paragraph G Questions 20 - 27 Do the following statements agree with the views of the writer of the reading passage on Insomnia? In Boxes 20 - 27 write: YES NO NOT GIVEN if the statement agrees with the writer if the statement doesn’t agree with the writer if it is impossible to say what the writer thinks about this 20 21 22 23 24 25 26 27 Someone who only gets four hours of sleep a night must beRead MoreInvestment Bodie Kane Notes30163 Words   |  121 Pagesand futures. Money Market: 1. T-bills: Investors buy the bills at a discount from the stated maturity value and get the face value at the bill’s maturity. T-bills with initial maturities of 91 days or 182 days are issued weekly. Offerings of 52week bills are made monthly. Sales of bills are conducted via auction, at which investors can submit competitive or noncompetitive bids. Tbills sell in minimum denominations of only $10,000. The income earned on T-bills is tax-free. 2. CD: certicficates

Why Do People Work Free Essays

Why do people work? Think about the reading and your own knowledge of human nature. In his essay â€Å"Work and Labour† Igor Shchegolev referred to Daniel Yankelovich’s three conceptions of work (described in â€Å"The Work Ethic Is Underemployed†). â€Å"First, as labour, as a way to exist; second, as a way to improve one’s level of life; and third, as a moral necessity†, paraphrased Igor. We will write a custom essay sample on Why Do People Work or any similar topic only for you Order Now These conceptions closely resonate with an ancient orthodox perception of three stages Christian might act in: stages of a slave, an employee, and a son towards his father. Although, at first glance, the question â€Å"Why do people work? may sound as a rhetorical one, there is possible to formulate three main motivations – on a base of both mentioned above theories. There are vital necessity, stimulus for reward, and nonmaterial reasons: moral duty or passion. The first motive does not leave people another choice. â€Å"One who is not working – is not allowed to eat†, teaches an old Slavonic proverb, appealing to the vital necessity of work. Tireless Ant of Aesop’s Fable â€Å"The Ant and the Grasshopper† sees no other ways for himself as the only hard work. There is the only way to survive. He has to. He does. The majority of people on earth follow him in the same way, let alone those struggling to make both ends meet all the time. Besides, in modern society where consumption is highly valued it happens that it is workers’ dependence on purchases what â€Å"determines how much work they do† (according to â€Å"Working too hard†, The Press). Regardless of the variety of necessities, those people alike the slaves who have no alternatives. Another reason why people work is to obtain benefits, which may vary from person to person. Generally, people in this group might focus on calculation any possible profit from work they do. There may be the steps of career or certain earnings, or tax rates. Whatever the motive, it aims to conform to employee’s expectations, so these interests are self-centred. Such workers tend to always think they contribute enough; therefore, to be rewarded is one of the privileges of theirs. Similarly, some Christians perform a definite behaviour in theirs life, waiting on the bounty. In this case they are alike the employees of kind the described group. People depicted in both paragraphs make all their efforts in order to achieve personal premium. They work to live. Finally, the last group of incentives to work represents the immaterial qualities that people possess. â€Å"Life is given to us for doing good deeds†, teaches us folk wisdom. For some of the people all of the time there is no question why to work; they are convinced – for the good of the commonwealth. A feeling of a moral duty inspires them. In the history of USSR there were great examples of altruistic work: people were eager to move into extremely remote places of the country in order to break new ground. They were full of endeavour and enthusiasm to secure the future of new generations. At the same time, there is a type of people who work because they are devoted to it – their passion. They may continue to work in their spare time as well, being absolutely satisfied. These people sacrifice their heart and soul. They live to work. To sum up, there is diversity of reasons that prompt people to work and it is entirely possible that they can be intermixed in each particular case. However, alike in an organism every part is vital, all kind of workers are essential in our society as well. There is for the purpose of bringing good balance into its existence. How to cite Why Do People Work, Essay examples

GWR Group Limited Australian Stock Exchange

Question: Discuss about theGWR Group Limited for Australian Stock Exchange. Answer: Introduction The company about which the report discusses is GWR Group Limited, an Australian company listed on the Australian Stock Exchange. It is a well-funded resource house that is engaged mainly into iron ore and mineral based projects either in the form of various joint ventures or even via investing into other companies which are listed. It is a twelve year old company on the ASX, listed in the year 2004. Initially it ventured into exploration and extraction of gold and furthered their work into the iron-ore sector as well. As per recent records the company has entered into exploration of tungsten mineral (gwrgroup.com.au. 2016). GWR has recently taken up an iron-ore project and faced certain challenges while working on the same but it fought those challenges bravely and with due courage. The most sought after step taken by the company is its timely action to deal with the deteriorating market scenario of the mineral sector. It is very evident from the fact that GWR had restricted its exploration costs at Wiluna West Iron-Ore Project since 2013 which clearly shows how well informed the management is of the external factors which may impact the companys profitability statement. In Western part of the continent the company is exploring for the DSO iron ore at its Earaheedy Iron project. Recently GWR has entered into a Heads of Agreement with Arunta Resources Limited, an ASX listed entity. It is a joint venture wherein the company has a 50% interest in the Hatches Creek Tungsten project in the northern territory of the island. However the most highly regarded project of GWR which makes it stand out in Australia amongst the other mineral based companies is its Wiluna West Iron-Ore Project which assures to produce a very high quality iron ore containing impurities at its minimal. Apart from the above two there are various other projects taken up by the company such as West Peak Iron Ltd which is situated in Africa and concentrates on exploring iron-ore, Tungsten Mining NL wherein it provides the company management and technical help and Earaheedy Iron manganese Project to name a few. Lastly due to a depressed market for commodities in Australia, the company decided to form a 100% subsidiary of its named RWG Minerals Pty. Ltd. which basically had the work of exploring for opportunities in the Western part of the island. It enabled to discover those areas of operations which are presently not held by any one and can be acquired by applying for tenements. This helped GWR to continue its development process in a depressed economic environment as well. Thus just within a decades time GWR has established substantial foothold in the area of exploring commodities such as iron, tungsten, manganese etc. Statement of Financial Position The financial statements connotes the position of the assets and liabilities of an entity as on a particular date. It records the summary of account balances such as that of sundry debtors, creditors, short term and long term borrowings, fixed assets etc. Therefore in simple terms it shows the equity position of an entity which is nothing but a difference between the assets and the liabilities (www.wiley.com, 2013). The financial statement as on 30 June 2015 indicates the companys current asset, non-current asset, current liability, non-current liability and the equity status of the company for the current as well as the previous year. Thus on reviewing the balance sheet of GWR the following data is derived: Total Current Asset: $14879344 Total Non-current Asset: $17546371 Total Current Liabilities: $483275 Total Non-Current Liabilities: $739099 Total Stockholders Equity: $31687616 On comparing the above data with that of the previous year the following conclusions are derived: The total current asset in the year 2014 was $18799480, therefore there is a decrease in the current assets position by 20.85% (Approx). The current asset position of a company clearly indicates the amount of the assets which can be easily converted to cash and its equivalent within a period of one year. Therefore they enable to meet the daily working capital needs of the entity. Thus a significant decrease in the current asset position of the entity shows that its present liquidity state is not too good and the company may face little problem in meeting its working capital requirements. The Non-Current assets position has also decreased from $18042631 to $17546371, thus a decrease of 2.83% (Approx) is seen. The decrease is basically due to a sale of the long term shares held by the company of various companies listed in the ASX. Thus the companys long term asset position is very strong and the entity has just simply changed its point of view of financing (Harper, 2010). The previous years current liability position of the company was at $397007, which has increased by 21.73% which is not a very good sign. There is a significant increase in the provisions made by the company which is basically due to an increase in the employee entitlements which may be due to an increase in the number of employees. The non-current liabilities of the company has reduced by 20% which shows tht the entity has the ability to meet up its liabilities Further it is to be understood that the companys current ratio is at a very safe position as it is not much into debts. Thus the financial position is very healthy. There had been no changes in the shareholders equity but for the increase in the accumulated loss by around $500000 i.e by 3% which is very minimal and is due to a significant dip in the interest income of the company, however the same is short term and is subject to revision (Jun, 2013). Thus on studying the financial position of the company, it is very evident that the companys state of affairs is a healthy one as it is not indebted to any outside financial institution or banks for its funds. It is mainly funded by own capital. However the company has not being dividends from two years now yet the shareholders are content with the same due to its continuous expansion strategies. Further to this certain ratios will enable to analyse the position of the company in a more elaborate manner. Ratio Analysis of Various Items of the Balance Sheet TYPE OF RATIO 2015 2014 LIQUIDITY RATIOS Current Ratio 30.78 47.35 Quick Ratio 30.55 47.00 SOLVENCY RATIOS Debt to asset ratio NA NA Debt to capital ratio NA NA Debt to equity ratio NA NA An ideal current ratio is that of 1, and in case of GWR the current ratio is much above that which clearly shows that the companys assets are more than sufficient for paying off the debts of the company and at the same time the shareholders wealth also increases (Bajkowski, 1999). Although both the current and the quick ratio has deteriorated from 2014 to 2015 yet the same shows a very healthy state of affairs of GWR (GWR Annual Report 2015). Dilution of the capital base is a very important issue for all entities to deal with and in the case of GWR the same is not a problem at all. Since the company does not have debt funds therefore there does not arise any question of a debt asset ratio or other solvency ratios. There is no harm to the solvency or the going concern concept of t GWR. Stockholder's Equity As per AASB 101, it is mandatory for GWR to publish a separate statement of changes in equity fund. Thus the various components of the Shareholders Equity presented in the annual report of GWR along with the details of the previous years balance is enumerated as under: There has been no issue of fresh ordinary shares by the company. Thus the number of ordinary shares has been restricted to 240178059 fully paid shares for the year 2014 and 2015. The statement also clearly shows that the company prefers to maintain a very low cost of capital which is a positive sign towards ensuring development and restricting dilution of the ownership of the company (Kothari, 2004). Present year the company has given no options to exercise and thus the option reserve remains unchanged for the two years The investment revaluation reserve has decreased by 61% (Approx) from (125308) to (48450) which is due to impairment loss recognized by GWR. There has been no changes in the foreign currency translation reserveet.al. 2009) (Robinson, The companys accumulated losses has decreased by 21.69% (Approx) which is a positive sign though it is still running into losses equivalent to $4528569 which entails the accumulated losses of the company to $148372740. Statement of Profit and Loss The data derived from the income statement of a company which enables to provide the investors and the owners of a company, how well it is performing as compared to the previous years performance is mentioned below: PARTICULARS 2015 (in $) 2014 (in $) Total Operating revenues 906209 884809 Cost of Goods Sold NA NA Total Expenses (before income taxes) (5434778) (6667912) Non-Operating gain or loss NA NA Earnings per common share (1.89) (2.41) The income statement per se the company seems to be a loss making entity and hence not lucrative for investment purposes. The operating income has dipped marginally by 2.42% only but the company is still running into huge losses to the extent $4528569, due to which the share value is also diminishing and is in the negative 1.89 per share in cents. Although as compared to the previous year it has performed better as the EPS has improved significantly by almost 22%. Apart from the above certain ratio analysis will enable to give us a better overview of the performance of the company (Gill, Chatton, 2001). They are as under: TYPE OF RATIO 2015 2014 PROFITABILITY RATIO Net Profit Margin (4.99) (6.53) Return on Assets (0.13) (0.14) Return on Equity (0.13) (0.15) From the above ratios it is clear that the company has performed well compared to the year 2014 therefore its net profit margin has also increased by 23 percent which is a very optimistic sign (Lan, 2012). Although the net profit margin of the current year is still in the negative but the amount of loss has decreased significantly. GWR has been able to utilize its assets judiciously but not with a stark difference as the return on assets is almost the same as compared with the figures of 2014, i.e. hardly an increase of 7 percent. Similarly the shareholders expectation from the company has also not yielded much results and the return on equity has also not shown any remarkable change. Therefore on viewing the profitability ratios of the entity, GWR does not seem to be a very lucrative company to invest in until and unless its operations are understood in detail ((Grimsley, 2003). Statement of Cash Flow On studying the cash flow position of GWR the following data is extracted: PARTICULARS 2015 2014 Net Cash flow from Operating Activities (3796226) (5346387) Net Cash Flow from Investing Activities (110116) (291960) Net Cash Flow from financing Activities - (425052) Net increase / (decrease) in cash during the year (3906342) (6063399) The cash flow statement of an entity simply shows how the company has utilized its cash and cash equivalent in conducting operating, investing as well as financing activities. Therefore this statement guides the investor to analyse whether the entity has been able to generate any cash from its operating activities so as to be able to meet its working capital requirements and whether it has the ability to pay dividends. Hence the net result of the cash from operating activities enables to understand how much liquid cash the entity has with it (Fridson, Alvarez, 2011). Further to this cash from investing activities help us to know the type of investments the company has made and what investments are no longer a part of the balance sheet of the entity. Thus investing activities basically enables to generate cash in future by investing in fixed assets etc. Therefore a negative cash from such an activity is preferred. The next section of a cash flow statement is the cash from financing a ctivity which entails to detail the amount spent on borrowing of funds and repaying of existing debts (Vitez, 2014). On reviewing the cash flow statement of GWR it is very evident that the company is performing well as its operating cash flow has increased by a good 30 percent which is a huge jump for a loss making entity (Shelton, 2012). Therefore there is a clear indication that the company has been able to generate enough cash so as to sustain its day to day operations. Presently the company has not made any significant investment in fixed assets and the same has declined by 63 percent which is not a favourable sign. If the company restricts investment in revenue generating assets then the company will not be able to generate adequate profits. Lastly the company has not borrowed any funds in the current year which is a very significant point for the determination fo the health of GWR. It clearly shows that GWR prefers to utilize its financial resources judiciously and put the east amount of pressure on the debt section of the liability side of the balance sheet. Also it has not issued any furthe r shares in the current year as it supposes that the present cash being generated is enough for the company to perform well thus saving on the cost of issuing shares and the interest expense as well (Damodaran, 2015). Conclusion On a summarizing note, it is very evident that GWR is a very lucrative company to invest in because of the number of projects it has in hand. Although it is a loss making company but what is important is whether the companys loss is increasing or the same is decreasing and from its income statement it is clear that the loss is decreasing but not at an increasing rate. Its expansion policies of venturing into new areas of mineral exploration will definitely yield good results but will take time as these are long gestation projects. Therefore the nature of the companys operations makes it wary tot he fact that the projects undertaken by GWR is profitable but the real picture of profitability will be visible only after a long span. Thus at its brim the company seems to be a loss making entity wherein the shareholders wealth does not find any room for increment but on studying the various projects and tasks undertaken by GWR, it definitely is a good stock to invest in for the long run. It is bound to yield results once the projects start earning revenues. Another most striking factor which is rare in most of these heavy industry specific companies is the dependence on debt funds but GWR is more concerned about maintaining and utilizing the present equity capital and thus does not have any debts in its balance sheet. Thus overall one can invest in GWR but after say another year or so once the financial position improves a bit and its loss gets reduced further. Recommendations I would like to strongly recommend that all long term prospective investors should wait and watch the performance of the company till its profitability position betters a little. Further it is not a lucrative stock for the short term investors and due to losses the company may not be able to yield nearby profits. Further to this a strong recommendation would go in for the management of GWR as well who should concentrate upon the top line of the company which is being hampered. By just entering into exploration and mining of minerals without yielding results is risky as the said sector is too much under influence of the political and the economical scenario of Australia. The company has unfortunately not shifted its stance towards making profits from developing GWR into a resource house. It has ended up laying off people which is a negative indication and the same should be dealt with carefully. Therefore it is high time that it should concentrate upon its prift margins more than its expansion policies References Bajkowski, J., (1999), Financial Statement Analysis : A Look at the Balance Sheet, AAII Journal, Available at, https://www.aaii.com/journal/article/financial-statement-analysis-a-look-at-the-balance-sheet (Accessed 21st September 2016) Damodaran, A., (2015), Financial Statement Analysis , Available at https://people.stern.nyu.edu/adamodar/pdfiles/invphiloh/finstatement.pdf (Accessed 21st September 2016) Fridson, M.S., Alvarez, F.,( 2011), Financial Statement Analysis : A Practitioners Guide, 4th Edition, John Wiley Sons: USA Gill, J.O., Chatton, M., (2001), Financial Analysis The Next Step, Revised Edition, Axzo Press: USA Grimsley,S., (2003), Profitability Ratio : Definition , Formula , Analysis Example, Available at , https://study.com/academy/lesson/profitability-ratio-definition-formula-analysis-example.html (Accessed 21st September 2016) gwrgroup.com.au., (2016), GWR- Who we are, Available at https://gwrgroup.com.au/ (Accessed 21st September 2016) GWR Annual Report 2015., (2015), GWR Annual Report 2015, Available at file:///C:/Users/E-ZONE/Downloads/GWR_Annual_Report_2015_ASX_1%20(1).pdf (Accessed 21st September 2016) Harper, D., (2010), Advanced Financial Statement Analysis, Available at https://i.investopedia.com/inv/pdf/tutorials/financialstatements.pdf (Accessed 21st September 2016) Jun, J., (2013), 20 Balance Sheet Ratios for Businesses and to determine a companys health, Available at https://www.oldschoolvalue.com/blog/valuation-methods/balance-sheet-ratios/ (Accessed 21st September 2016) Kothari, S.P.,(2004),Financial Statement Analysis, Available at https://ocw.mit.edu/courses/sloan-school-of-management/15-511-financial-accounting-summer-2004/lecture-notes/lec8.pdf (Accessed 21st September 2016) Lan, J., (2012), 16 Financial Ratios for Analysing a Companys Strengths and Weaknesses, AAII Journals, Available at https://www.aaii.com/journal/article/16-financial-ratios-for-analyzing-a-companys-strengths-and-weaknesses.touch (Accessed 21st September 2016) Liston, H., (2014), How to read and analyse an Income Statement, Available at , https://articles.bplans.com/how-to-read-an-income-statement/ (Accessed 21st September 2016) Robinson, T.R., Greuning, H.V., Henry, E., Broihahn, M.A., 2009, International Financial Statement Analysis, John Wiley Sons Inc: USA Shelton, M.V., (2012), Evaluating a Statement of Cash Flows, Available at https://www.investopedia.com/financial-edge/1012/evaluating-a-statement-of-cash-flows.aspx (Accessed 21st September 2016) www.wiley.com, (2013), understanding Accounting Information: Chapter 13, The Cash Flow Statement and Decision, pp. 492-535, available at https://www.wiley.com/college/bcs/0471238236/king/ch13.pdf (Accessed 21st September 2016) Vitez, O., (2014), Financial Statement Analysis Tool, Available at https://smallbusiness.chron.com/financial-statement-analysis-tools-3776.html (Accessed 21st September 2016)