Nursing Informatics Essay

On the inpatient units we frequently give continuous heparin dosing. Upon the initial order received from the doctor they order a starting dose rate. The registered nurse is expected to pull up in the patient’s electronic record under orders the protocol that provides guidelines for RN’s to adjust the rate according to the patient’s heparin PTT lab levels. The doctor at times will also order a loading dose or additional loading doses depending upon the lab levels. The heparin PTT is drawn every eight hours to determine  where the dosing rate should be set to determine if the level is therapeutic, sub-therapeutic or critical reading. The nurse must use the computerized electronic record that is interfaced with lab and other ancillary departments throughout the hospital in the patient’s electronic record. This makes providing care to the patient more efficient for all those involved in the patient’s care. The nurse is able to pull the data from the computer to make a decision based on her training to make dosing corrections based on the protocol. The nurse’s wisdom also allows them to call the doctor for critical readings, the knowledge to know when to call the doctor for guidance as needed. The electronic chart also makes available other pertinent data for the nurse to research to make sound decisions based upon the patient’s diagnosis and to know what to look for if the patient has had any recent falls or surgery. In addition the nurse would also be able to complete the nursing assessment and input the data compiled into the electronic record for other medical staff . The template was recently redone with nursing input and the assistance of our informatics nurse. I actually only see advantages to having a singled shared consensus-driven model of terminology. I feel it would be a hindrance and a disadvantage to the healthcare profession if we as nurses did not have a single consensus-driven model of terminology. I moved from Florida to California and since my move I have encountered a wide variety of culturally diverse nurses. It is at times challenging with the language barrier when they have trouble thinking of the term they want to use but will generally remember the proper term. Many completed their initial education and training in their birth countries and if we did not have a single driven terminology it would be disastrous. There are companies in the United States that have recruited nurses to come and work in the states partly due to the shortage of nurses but also many to fill very hard to fill positions such as medical surgical or acute medical units. With the shortage of nurses in the United States and some nurses refusing to work certain areas it has become very challenging to fill these positions in hospitals. Along with this is if one were to travel abroad and required further care when they went home to obtain the chart and the terminology be basically  understood would also be very important to one’s health. This also helps to integrate knowledge into one’s own routine clinical practice since all nurses started from the same basic understanding of terminology, what the problem is with the patient, with the ability to verbalize the care needed along with the implications of the disease process. The other issue to consider is if we had more than one model of terminology it would be very difficult to communicate with other medical staff, i.e.. doctors, radiologist, dentist, etc. Currently we have on board a NIS and he is under the Title 38 classification which belongs primarily to nursing. Even though his job does not involve direct nursing care his primary job is directly related to nursing. The is computerized with computerized charting, templates created for nurses for various forms of documentation, and we also use a bar code medication administration scanner (BCMA). The NIS is involved in the development of new templates, modifications of existing templates, the BCMA’s and determining to what extent we can allow it to be fully used by nurses. For example, the BCMA has the capability to get onto the internet from anywhere in house however, that capability had to be absolved. The ability of having an NIS available to nursing and be a go between with IT is very beneficial for nursing needs on the unit level. The NIS has the capability to understand nursing needs and resolve or find a way to intervene on our behalf. When I went to the Cochrane Collaboration and selected from the drop down list of disorders.

Explore the ways in which Willy Russell makes use of language differences in act 2 scene 2

Willy Russell wrote the play in 1982 and was one of the best he wrote because of the fact that he emphasizes the differences between the rich and poor. Willy Russell was born in Whiston, near Liverpool, in 1947. He left school at the age of 15 where he worked as a hairdresser until he was 20 years old, where he then returned to school to complete his education. Their he began to write his first play called Blind Scouse, which was taken to the Edinburgh festival and noticed by a representative of the Everyman Theatre. They then went on to produce the world premieres of many of his plays, most of which transferred successfully to the west end. Throughout this play dramatic irony is used, this is where the audience knows something one or more of the caracters on stage don't know. Willy Russell uses this to emphasize the differences between the classes more. Stage directions are very important for somebody who has not seen the play and is just reading the play, this is because they help you create mental picture of whats going on in the play. The play repeatedly shows cultural differences though the way the boys speak throughout the play. An example of this is when Edward says â€Å"your a fuck off† showing his misunderstanding in the use of swear words, this contrasts to hen Micky says â€Å"take a flying fuck at a dounut† which shows his understanding and exposure to swear words as he has grown up. Another contrast in the boys language is when Micky says â€Å"It's a thingy, init† referring to a dictionary which shows lack of education because he doesn't know what a dictionary is. Where as when Edward says â€Å"Fantastic, I will look that up in the dictionary when i get home†, Edwards understanding of what a dictionary is and how it is used shows his intelligence and class. The audience would think that Edward is very intellectual in contrast to Mickey. One thing that the audience would be taken a back by would e the part in the play when Linda first sees Edward and says he's â€Å"handsome† even though Mickey and Edward are identical twins! This is because Edward has a overall better appearance than Mickey because he comes from a big house, has smart clothes and is clean which contrasts with Mikeys trodden down clothes and dirty appearance. I think Willy Russell is trying to say that people who come from a richer culture have a better chance at most things in life as is shown in this example. Another theme which repeatedly crops up during the play is the superstition and is shown in the beginning of the play where Mrs. Johnstone says â€Å"You never put new shoes on the table† which prompts Mrs. Lyons to ask â€Å"So, your superstitious? † to which Mrs. Johnstone replies â€Å"No I'm not, you just don't put new shoes on the table. † This shows an lack of understanding in the lower class because Mrs. Johnstone didn't even understand what superstition was. The audience would see how Willy Russell shows the difference between upper and lower class citizens. Adults are used thoughout the play to represent the boys, make the play more humorous and also because of the fact that some people might be offended if they see young boys swearing on stage.

Cars Produced at Eros Motors

We planned our strategy taking into consideration all the aspects of marketing, H. R, finance and operations. Marketing plays a very crucial role in this modern world so we promoted our products through various forms of media. We spent heavily at the start just because we wanted to make our presence felt in the market. We always believed that our team is of utmost importance to us, so we made sure that there is a balance between automation and workforce to maximize production. We also paid them well so that they remain motivated at all times and work towards the goal of the company. Training of employees is a must and this is necessary for the quality of the cars. We noticed that our Warranty claims were high, so by proper training this could have only been reduced. Research and Development is an important area and a good amount of money was spent over the years so that we develop better and environment friendly cars in the times to come. We made sure that the money is not spent on general RD rather we identified some key areas and invested in those constantly. Finance was an area of concern as we were incurring huge losses; we took necessary steps to improve this. We priced our products aggressively and planned production efficiently. As a result this gave us better sales. We also tried to cut down on costs, which gave us a better gross margin over the years. We started to make profits in the later years and this shows that our products have been well accepted by the market. We offered Alpha (medium) and Beta (large) cars in the beginning then we came up with Delta (city – hybrid) and lastly with Zeta (diesel – luxury). The luxury market was untapped and we thought we could do well by selling a small number of cars because the margins in a luxury car are huge. The offering was based on the market research and the demand in the market. The design of the cars kept on changing as requested by the customers. This showed that we were catering to all segments of the market in terms of offering and pricing. Our aim is to be a leading car manufacturer by creating stylish, reliable, eco friendly cars by following the principles of enhancing our team, extending our business and enlarging our market. To sustain in this competitive market we have to take into account what the competitor is doing and react accordingly by delivering a better product. The need of the hour is to connect with the customers. The world is moving towards alternative fuels and we will also try to come up with products that are environmental friendly keeping in mind the needs of the customer yet giving stylish, value for money and fuel efficient cars.

Campaigns and Givenchy Shops in London Coursework

Campaigns and Givenchy Shops in London - Coursework Example The Bettina blouse was the standout design; it was white in color and was named after Bettina Graziani. The shirt can be found in one of the Gruaus paintings. His first design awarded him an instant success with praises from the New York Times magazine and L Album du Figaro. The Givenchy brand attracted the famous models of the day, for example; Dorian Leigh, Suzy Parker and Ivy Nicholson. Hubert de Givenchy created exciting innovations like "shirting" to design his casual and chic collections. In the year 1954, Givenchy introduced the shirt dress and a clothing line known as Givenchy university. But, before signing for this collection, he brought back all the shares of the fashion house from Loius Fontaine. In the 1950s, Hubert de Givenchy collaborated with Cristobal Balenciaga to take their collections to New York. In the year 1957, they introduced the sack dress and in 1958, they launched the baby doll and coats line. The house of Givenchy changed location and moved closer to Balenciaga in Avenue George V area. They jointly worked together to avoid any price dictates on their products. The seventies were the period when the house of Givenchy started to expand as a fashion house. They introduced Gentleman Givenchy, the fashion line for the male population. The boutique was opened in November the year 1969 at Avenue George V; the designs were appealing as they were up to date. Later that year, Givenchy came up with the short dress.Cristobal Balenciaga advised Givenchy to develop his licenses; this move was meant to protect his haute couture collections. 1971 saw Givenchy design embroidered coats in the honor of Joan Miro and Georges Braque. They also diversified their activities to desi gn; jewelry, shoes, ties, kimonos, tableware and upholstery (Wearona.com, 2015). In 1976, they opened offices and showrooms in New York Citys Fifth Avenue. The eighties and nineties saw the brand spackle with Hubert de  Givenchy winning several accolades.  

What you see as the pathWay to complete wellness Essay

What you see as the pathWay to complete wellness - Essay Example Before I took this course, I roughly thought that this was the path to complete wellness, so my ideas have not really changed based on what I have learned throughout this course. The most obvious component to complete wellness is in the physical area of someone’s life. To experience fulfillment in this area, it requires being totally satisfied with one’s physical state. The sad thing is that too many people do not feel this, and this is mostly because of what society and the media tells them how they should be. To improve physically, someone needs to take the time and dedication to be willing to alter their diet in order to improve their physical appearance. This is just one component of improving physicality; another is being motivated enough to do exercise so as to reduce one’s weight. This is really challenging for most people, but it can be achieved with enough will power. Another component to complete wellness is through emotions. Females are very susceptible to this, but it can affect everyone at some stage. Some people are very emotional and get upset even at the slightest thing. This shows that someone is not content with their emotional side because they cannot control their emotions. It does not matter what another person says or does; emotional wellness is about feeling good about one’s self and not listening to what others have to say. The next area of complete wellness is through the mental side. This is perhaps the most underestimated part of complete wellness because it is very difficult to know what other people are thinking. Negative thinking can result in poor lifestyles choices, and this will ultimately not lead to complete wellness. In fact, mental toughness is the most critical part of wellness because it determines how someone would react to certain situations. The fourth area to complete wellness is spirituality. Many people do not think

Conservation focusing on Animal Extinction Essay

Conservation focusing on Animal Extinction - Essay Example People engaged in the fight for conservation, in a worthy and patriotic cause, most often try to sully their reputation by opposition, and the dramatic fervor of such opposition has constituted a major liability. It is also important to recognize that conservation neither arose from a broad popular outcry nor centered its fire on the private corporations which have often supported conservation policies. "Conservation, above all, was a scientific movement, and its role in history arises from the implications of science and technology in modern society. Conservation leaders sprang from such fields as hydrology, forestry, agrostology, geology, and anthropology It is from the vantage point of view of applied science, rather than of democratic protest, that one must understand the historic role of the conservation movement." (Hays, 1999, p 2). Therefore, conservation issues have historically offered topics of debates and one of the ongoing political controversies in the United States sinc e 1977 has been the debate concerning oil drilling in the Arctic National Wildlife Refuge (ANWR). ... Debates over conservation issue concerning drilling for oil in the Arctic National Wildlife Refuge have a pertinent role in the understanding of Hays's view that one must understand the historic role of the conservation movement from the vantage point of view of applied science, rather than of democratic protest. The debates over this conservation issue have been in place ever since President Jimmy Carter approved a bill in 1980 for the approval of the Congress to allow drilling in ANWR. It has been one of the most-widely used issues as political device, by both the Democrats and the Republicans. The major argument against the drilling in the 1002 area of ANWR is that it would potentially harm the natural wildlife in the area, especially the calving ground of the Porcupine caribou, whereas the supporters of oil exploration in the region highlight the amount of economically recoverable oil, relating to the world oil markets. The major arguments in favor of oil drilling in the 1002 area of ANWR underlie some basic assumptions about 'Nature' and economic growth and the debates concerning the topic illustrate that the wise use of natural resources may be either technical or largely political. According to the supporters of oil drilling in ANWR, it could radically lower the price of oil, which can lead to a major economic boom, and it can be effective measure to lessen the nation's dependence on foreign oil, particularly in the Middle East. As opposed to the arguments of the critics of the procedures, they maintain that drilling could be done without disrupting the sanctuary or damaging the environment. Similarly, it can considerably help the

Annotated Bibliography on The Peloponessian War

On The Peloponessian War - Annotated Bibliography Example Flory Stewart is professor in classical history having developed interest in Latin while at a tender age. He taught at private boarding school in Athens, before returning to Yale to undertake his PhD. In this book, Flory recounts Thucydide’s hypothesis of the Peloponnesian War. By referring to the wars Greeks fighting each other, Athenians against the Spartans, the author gives a radical analysis of the factors that led to the war basing on accounts already presented by Thucydides. Notable in his argument is that the war must have arisen from the progressive rise of a powerful Athenian empire. The radical nature in which Flory uses Thucydide’s hypothesis seems to exemplify his theory even amidst critical remarks from other scholars. Generally, the book is important for any reader who would like to understand the ancient work by Thucydides in details. The classical nature of the book and simple language used makes it appropriate for a modern researcher. This book was written by Donald Kagan, who is an American historian at Yale University having specialized in ancient Greece. The four volume book gives vivid account of destructive war of Greeks against each other, and Athenians against the Spartans. It is a distinguished historical account meant for general readers, providing a new dimension to the examination of Western civilization. The author spent a great deal of time or re-examine the factors that instigated the conflict by reviewing both the ancient texts and accounts of modern scholars. The entire book seems to be informed by the question: Was the war inevitable, or could it have been avoided? Something unique about the author is that he courageously confronted and argued either in favour or against some historical figures, hence giving his view a balanced argumentative structure. Kagan particularly takes an issue with Thucydides’ view

Love - Theory and Practice in Court Assignment Example | Topics and Well Written Essays - 1500 words

Love - Theory and Practice in Court - Assignment Example Judges employ definite guidelines and philosophies when formulating their verdicts. They are; retribution, test of proportionality, rehabilitation, deterrence and restoration. The drive towards court unification can not ultimately lead to a monolithic system because this will grant the federal court system excessive power. The dual court system is a two tier judiciary system comprising of the State and Federal court structures. The dual-court system is the product of a universal agreement amongst the country's founders concerning the requirement for individual states to maintain considerable legislative power and judicial independence separate from federal control. Unification onto a monolithic court structure appears improbable to occur anytime to combine the state and federal structures, and if it did would likely not be extremely effective. In sentencing, judges are restricted by statutory requirements; guided by existing philosophical rationales, executive considerations, and pre sentence inquiry reports; and subjective to their own individual characteristics. Q1. According to Neubauer and Fradella (2010), the dual court system of the United States comprises federal and state courts, which is a product of federalism. The U.S. Constitution institutes the judicial division of the federal administration and stipulates the power of the federal courts. Federal courts have restricted authority only over definite types of cases, for instance, cases concerning arguments between states, federal laws and cases concerning foreign governments. In other areas, federal courts share authority with state courts. For instance, both federal and state courts might make decisions on cases regarding parties who reside in dissimilar states. State courts cover exclusive authority above a majority of cases. While State courts developed from early colonial arrangements, federal courts where established by the United States constitution. Dual court system has been affected by its acc ount since the model of two court structures still remains. There have been modifications to the individual courts to create them run smoother akin to the three tier homogeneous structure taken up by the state courts. The administration of state courts is by their own constitution and statutes, US Constitution and statutes, rulings and model from superior courts in the state, judgments of the federal courts in their jurisdiction, and by example from the US Supreme Court and federal petition courts in their area of jurisdiction. According to Reid (2011), US Constitution and Statutes, the US Supreme Court, and judgments from the petition courts in their jurisdiction guide the federal courts. The association between federal and state courts is viewed as judicial federalism. Judicial federalism is a hierarchical structure that is commonly understood and has a legal establishment. The federal Constitution institutes a national court structure and specifies that discrepancies between fede ral and state law. These are to be determined in preference of the former, and the judges of the state courts are compiled by this principle. Thus, state courts should give priority to federal over state law, and infer with the federal law in line with existing judgments of the Supreme Court. The Court's fundamental justice and appropriate process guidelines, enunciated to give state courts with the flexibility to extend satisfactory protections of the accused, were regarded as indistinct and subjective. Several state judges made

Impact of technology on society Research Paper Example | Topics and Well Written Essays - 1750 words

Impact of technology on society - Research Paper Example Electronics development has revolutionized the way of doing things from social, economic, political and cultural aspects due to transformation of commuting and communication from perceiving to listening and from writing to reading. Electronic technology contains within itself political, economic and social properties due to its great influence on major areas of people’s lives. Electronic revolution implies the changes that have taken places to introduce the 21st century electronic through the electronic media such as the radio, television and lately, the internet. The evolution of electronic engineering has significantly influenced people’s perception of their past ideas, the comprehension of the future and the future impacts. This has led to transformation of the society as old ways of doing things are replaced with new and advanced means. People’s welfare and environment were highly natural before invention of electronics and therefore cases of intense environmental degradation were rare. Before the intense development of electronic technology, scientific application in running the economy was very low and therefore there was reduced communication between markets due to the absence of globalization in trading activities. World markets were disintegrated which resulted in higher tariffs and other blockades. Socially, people engaged more on face to face communication and most transactions were conducted at a physical level due to limitations on the basis of forms of communication available. Dealings and activities between people of distance locations were significantly less thereby confining people to dealing with a constrained system. Politically, nations enjoyed properly demarcated boundaries with less cases o multilateralism. Furthermore, industrial and financial activities had highly demarcated boundaries with no cases of overlap. Electronic technology is used

Russia and China Foreign Policies on Central Asia Research Paper

Russia and China Foreign Policies on Central Asia - Research Paper Example The interest that China has in Central Asia is not new. The course of the interest in Central Asia entails their concern to extent control over the territory as well as control the territorial security. The sign of interest in this complex advancement is evident from the sustained rhythm of successive visits, since the first tour of Prime Minister Li Peng in 1994. Thus, the guiding thread of China’s foreign policy in relation to Central Asia is essentially to achieve â€Å"stability†. The country of China exists in a political territory that continues to experience restlessness from je frontier zones to the periphery, despite the ending of the Cold War, a course that raises new series of risks. The collapse of the Soviet system and eventual independence of the Central Asian republics marked a remarkable fragmentation of the region in additional to continued autonomisation of the entire region. The effect is that a multitude of opportunities that existed and the stakes entailed for the Peoples Republic of China received a remarkable blow, becoming rather complicated (Lanteigne, 2009). The course is that the movement towards achieving the foreign policy compromises is yet far from conclusions. Another concept entailed in the foreign policy regarding Central Asia is the end of the communism practice in 1989 I the USSR, which in effect granted the republics in the Central Asia region greater liberty (Lanteigne, 2009). Moreover, this development unfortunately coincided with the resurgence of the democratic calls entailed in Beijing, which marked a beginning of a period of agitation in China and the larger region. Notably, the disappearance of the Soviet threat in the region from the end of the Cold War marked the beginning of bilateral relations of the dimensions between China and Central Asia. The course in the 1990s, seemed to take a positive direction as China sought to weave

Illegal Immigration Essay Example for Free

Illegal Immigration Essay One of the reasons of implementing the US immigration policy is to control and protect America’s national borders. The US border patrol controls and protects international state lines in the effort to arrest any individuals making attempts to enter the US illegally. Illegal immigration attempts are predominant on the border between the US and Mexico. In the past 20 years, economic recession in Mexico has contributed to increase illegal entries or attempts to the same by the Mexicans. Consequently, political sensitivity about illegal immigration that has been brought by Mexico’s poor economic performance has made the US government to dramatically improve the efforts aimed at increasing security at the US- Mexico border. Most illegal immigrants are seen to move from Mexican border cities to US Border States as their final destination. According to Hanson, Robertson and Spilimbergo, border patrol officers have had to spend more hours policing the Mexican border with an increase of up to 5. million hours in 1997 from 1. 8 million hours in 1977 (2002). Border regions are mostly affected by situations caused by illegal immigration. For example, illegal immigration has the likelihood of affecting border markets. Such markets include Southern California, Mexican cities on the US-Mexico borders and South Western Texas (Hanson, Robertson and Spilimbergo, 2002). Illegal immigration has both negative and positive results to the socio-economic status of the US. Effects of Illegal Immigration Hanson, Robertson and Spilimbergo claim that immigration leads to the reduction of wages of US workers. The rise in immigration cases has resulted in low skilled immigrants and low skilled US workers competing for jobs. Moreover, immigrants are ready to take up any jobs leaving the low skilled US workers to settle for the remaining jobs (Hanson, Robertson and Spilimbergo, 2002). Findings by Hanson, Robertson and Spilimbergo indicate that border enforcement deters illegal immigrants whose entry has impacts on the labor markets in the US border areas. According to these findings, border regions can minimize illegal immigration without necessarily changing the native wages or even moving the natives from border regions or discouraging them to move to the border areas (Hanson, Robertson and Spilimbergo, 2002). Border economies may also be forced to shift to industries that are dependent on the skills of arriving immigrants so that low skilled labor can be secured for both US natives and immigrants (2002). Illegal immigrants are seen to add to the problem of public health that is already an issue that needs attention and review in the US. Attention is focused on the recent developments that allow immigrants to use public programs such as heath insurance. As per the 2000 census, 1 in every 5 children is an immigrant family member in the largely dispersed immigrant families in America. The immigration statuses of parents and children may also differ with up to 10% of immigrant children living in families of mixed status hence creating complexity. There are non-citizen parents who live with citizen children as their main caregivers. The citizen children may be denied health insurance due to their parents’ citizenship and this may affect the health of both parents and children despite them being Americans (Paiti and Danagoulian, 2008). It is important to note that poor health of immigrants’ children will eventually have a significant effect on the socio-economic future of every American. According to Paiti and Danagoulian, foreign born children in the US do not depend on public health insurance schemes compared to those born in the US despite the reverse of the rule on public charge. The increased likelihood of foreign born children to be uninsured, to live in poverty and to have parents who have less than high school formal education is a contributing factor to the poor living conditions. The parents’ poor economic abilities create future projections of low abilities of immigrant children to be economically productive members of the labor force in America (Paiti Danagoulian, 2008). Today, USA claims that about 7 million illegal immigrants do not have medical insurance due to legal restrictions. In addition, 366,000 of the immigrants buy insurance policies from private companies. A publication on USA today named â€Å"Everyone Benefits if Illegal Immigrants are insured† claimed that just as in automobile insurance, the US public would benefit from premiums paid by illegal immigrants by collecting the surplus using it to provide better health care to the US citizens (USA Today, 2009). Illegal immigration is wrong and it should be stopped, but in the meantime, the country should benefit from having illegal aliens around before inventing ways of stopping the practice in order to create a win-win in the situation. In addition to border patrols and the deportation of captured aliens, the introduction of an Immigration and Control Act in 1986 helped in controlling illegal immigration (Pearce and Hill, 1990). According to Pearce Hill, â€Å"immigration law will reduce employment of illegal aliens in some parts of the economy but not in others†. However, limitations in the US budget will force authorities â€Å"to focus their enforcement efforts on industries with a large concentration of illegals at an individual business establishment† (1990, pp. 43). Prior to the act, employers hired illegal immigrants knowingly as they would face no penalty. Since this law, there has been a registered decline in border crossings in most entry points and more illegal immigrants finding it hard to get jobs. Although the reform process is done by high skilled professionals, sanctions will improve the standard of living of low skill laborers even though to a small extent. Pearce and Hill suggest that substantial improvement in the real wages of legal and less skilled laborers will occur if sanctions are fully executed. In addition, legal and illegal low skill labor should be subject to substitution. The law must also be accurately applied to achieve benefits of sanctions (Pearce Hill, 1990). The Economist reports that critics fear the influx of Hispanic immigrants, who enter the US illegally, take up jobs and move into different parts of the country, are able to create two nations (2005). The illegal Latino immigrants take up common jobs in construction, distribution and food industry that is well needed for economic growth of the cities they occupy. Immigrants are seen to be assimilated into the US by almost becoming like everyone else in the US. They now become citizens, pay taxes, enlist in the army, participate in politics and even speak English (The Economist, 2005). Despite fears of critiques of the negative effects of immigration, positive outcomes have also been observed from the same which is an important input to America. Conclusion Immigrants to the US have been seen to continue gaining access illegally despite the introduction of more sophisticated patrols at entry points. The introduction of labor laws that protect legal workforce in the US continues to protect low skilled laborers. However, better laws ought to be formulated to ensure that workers do not receive wages that are beneath their ability to sustain a comfortable life. In addition, illegal immigrant families should be assisted to take care of their offspring who are American citizens by acquiring medical insurance and other facilities as it has proven to be beneficial to the American populace. Socio-economic benefits accrued from the inclusion of immigrants in the social programs of America should also be observed as a positive contribution to the society.

Multi-Cultural Paper Essay Example for Free

Multi-Cultural Paper Essay Introduction Finding a â€Å"multicultural† experience that brings me out of my comfort zone is something I found difficult. I moved to the city but am a small town girl at heart. I grew up riding a dirt bike, partying in fields, listening to country music, and hosting birthday parties that my friends and I built tree forts at. My first vehicle was a rear-wheel drive manual Chevrolet pick-up truck that I had to put weight in during the winter so I would not slide across the road. I lived on 140 acres of land, and the closest town was 15 minutes away. Since then, I have moved to the city and began, enjoying the convenience of everything like, bringing clothes to the dry cleaners, riding my bike to work, and preferring to lounge by the pool on a summer day, rather than explore like I used to. In college, I studied abroad in Scotland for a semester and had the opportunity to travel around Europe to England, Switzerland, Spain, and France. This experience exposed me to a number of different cultures, currencies, and experiences. It was the highlight of my college experience, but I became extremely homesick after a month and a half and, since then, have had no desire to visit anywhere abroad for longer than a couple of weeks. In addition to being familiar with both the small town and city lifestyles,not many things turn me off or make me uncomfortable. On the other hand, because I come from a small town, there are a few things I am unfamiliar with. I am not as familiar with different races or cultures, the wealth and fashion that comes with living near city suburbs, or the religion of anyone who isn’t Catholic. This is excluding the Europe experience, when I spent most my time in English speaking Scotland. Because of this, I chose three events that would expose me to new things in each one of those categories. Event #1: A Brazilian Carnival The first event took place at the Fine Line Music Cafà © in downtown Minneapolis. Classmate, Sarah Holman and I went to a Brazilian Carnival. I was interested in this sort of event because, in college, I worked at Afton Alps Ski and Snowboard, where they had a Brazilian exchange program and brought a number of Brazilians up for the winter to work. They became the best part of working there most years because they were so much fun and lived life to the fullest during their time in the United States. The event was fun, colorful, active, and something I had never been to before. There were dancers, drummers, people dressed up in costumes, and a band. After the introduction of drummers and dancers, a band began to play. Since we chose to attend on a Sunday afternoon, it was more of a family function but, if we had decided to attend on the Friday or Saturday evening before, I imagine the setting would have become a little wild after a few drinks because the music was so much fun. Instead, kids, parents, and couples were out on the dance floor dancing away innocently. When looking at what I know personally about Brazilians and comparing it to the event, it is clear that they typically like to have a good time. Their music is good, the people are often good looking, and they are extremely passionate about where they come from and their culture. My behaviors will not change in the workplace because of this event but the carnival did confirm the impression I had of Brazilian culture. Event #2: Omaha Fashion Week The second event took place in Omaha, Nebraska, where my youngest sister now lives. Once we found out that she would be walking in two of the shows, on both Friday and Saturday night, my mom, sister, her husband, and my boyfriend and I began planning our trip right away. When planning for the shows, I had no idea what to expect. I have never been to a fashion show, know nothing about fashion and, most importantly, I had no idea what to wear! Going into the first night we had been traveling all day, were hungry, and the guys weren’t around yet to stay at the hotel and babysit so we had to bring my two-year old nephew. One of the things that I am most insecure about is not knowing what to do and, worse, looking like I do not know what to do, in any given situation. To explain, I am always tentative to try new restaurants because I know that each one has a different culture that I may not fit in with. The way they do things, like the way one orders, dresses, and acts, are always altered. This doesn’t mean I avoid the experience but, when deciding to go somewhere new, I always get a nervous feeling with some immediate regret, wishing I had chosen to go somewhere familiar. This is something I am working on because, every time the experience is done, I’m glad it happened and always want to try something else new as soon as possible. This is how I felt going into Omaha Fashion Week. This time, I was more excited to see my sister but, since I was with my mom, sister and a two-year old at an adult event, and since they also had no clue what was going on, I was mortified. The first night felt like a warm-up, and I began to understand the scenery, people, what was happening, and everything else that was going on. There were individuals who were much more casual looking than me, but there also many who were more dressed up. By the end of the night I felt like I could pick out the more important faces by just looking around the crowd. My method probably wasn’t very accurate, but it led to some excellent people watching. The second night was a girl’s night, consisting of my mom, sister, and me. We were able to leave the boys and nephew at the hotel for the evening. Learning from the first night, we showed up right when the event was supposed to begin, which means that we only had to wait half an hour for the show to start, instead of an hour, like the night before. We made sure to get some pictures on the red carpet and relax while enjoying a couple drinks in advance. The challenge for me going into this event was having to go somewhere new, where I had no idea what the culture was going to be like. When looking at the event in a professional context, I was intimidated, going in, by those whom I thought were â€Å"better† than me. Meaning, those who know fashion, have money, status, and the wealthy (not so nice) personalities you see on teenage television shows. I did not encounter any of these stereotypes when at the event. Everyone seemed to be enjoying themselves and not judging, as I would have thought. This makes me think of those who are more successful and intimidating than I in a professional environment. As I have always been taught, treat others as you would like to be treated. This is something I will remember in the workplace for future reference. If I go in treating someone with the respect I would like to get in return, chances are they will treat me with the same respect. I feel that going to this fashion show cemented this lesson for me. I need to not concentrate on my insecurities as much, and, instead focus on treating everyone the same. This event did not confirm the stereotypes I had imagined like everyone being snobby, rich, and over the top. Looking back on the weekend, I think of it as one of the best times I’ve had yet for year 2013, all because I stepped out of my comfort zone. Interview #1 In attempt to deepen the Omaha Fashion Week experience, I interviewed a friend’s sister, Michelle Olson, who is an extremely successful plus size model, living in New York City. Michelle has experienced a much different lifestyle that is very foreign to me; one that I can relate to class and to the multi-cultural experience above. I was able to ask the questions and get the answers below: Michelle Olson Interviewee #1 Michelle Olson Interviewee #1 Q: In class we talked a lot about one’s personal brand. As a model, I assume your personal brand is extremely important and somewhat determines your reputation in the industry. Is this true? Do you have any examples of this you can expand on? A: Personal brand is important in modeling because we have to show our personality somehow with only a few minutes. So its important to just be yourself and wear what you like. A lot of clients are particular about a models personality because they want to show their brand a certain way and target a certain customer. We also cant be too eccentric or too trendy because some clients are just looking for a blank canvas and one that they know their clothes will look good on without being too distracted by the person and their own style. Q: In the business environment one usually has to work hard to advance or know someone to get ahead. Is this true in modeling as well? How do you climb in your industry? A: Eventually a model can [achieve this ] by booking big clients and then having them like you enough to re-book you again. People and clients also tend to take notice, usually if a model books editorials in big magazines. Q: Is it difficult to keep your values in this industry? Is it difficult while keeping a positive image for yourself amongst peers? A: I have been lucky so far in my career in that I have only had good experiences as far as boundaries and my personal values go. Everyone I have worked for have been very respectful and professional. Its important to have an agent that cares about you and will only send you out to legit, professional companies. Q: We also discussed virtual groups/communication in class. Is this a common form of communication in this industry or is it usually easier to do things in person? A: Email is a very important communication tool in my industry. Most of my communication with my agents is by email. All my job details are always emailed to me before the job. When I am in New York, I usually have to actually go in and see and talk to the agents in person at least once a week, sometimes more. Castings however are always in person. They are usually just quick little interview type things where you go and meet the client, have them look at your portfolio, and sometimes maybe take a couple pictures and try on some clothes. If you are unable to see them in person then our agents usually just send our portfolio for them to look at. Q: With the perspective of models being stick thin, does this pressure you to be this way? A: Working as a plus size model is another world than working as a straight size (0-6) model. Plus size is usually like a size 12, so we still have to stay around that size. We still eat very healthy and exercise so that we have good skin and feel good, etc. However, most of us are at our natural size, and therefore theres a lot less stress about size. Its great! Q: Are there â€Å"leaders† in your industry? Or are they always changing because your jobs are always changing? What is that like? A: Our agents are like our bosses. They get us our job so its important to have good relationships with them. We have three of them, and they are all cool and friendly so its quite nice! Obtaining this information from Michelle has provided me with interesting insight on a completely different business environment, than of the corporate life I am used to. Event #3: Scientology Church Tour My third event was a tour and question and answer period at the Saint Paul Church of Scientology. I went to this with three classmates, Sarah, Cody, and Andrea. As mentioned at the beginning of this paper, I am not familiar with many different kinds of religion, beside Catholicism. Through Tom Cruise, I have heard a lot of wonderful things about Scientology. I have also heard the opposite about the religion from his ex-wives. From what I was told, saw, and learned, the experience had a positive impact that made me curious and left me wanting to learn more about the religion. The interesting part about the church is that it focuses on the here and now, versus the Christian religion where their beliefs are based on the Bible, which is many centuries old. The self-guided tour consisted of watching videos to obtain information about the religion. There were different categories, so we could watch the topics we were most interested in. After watching a couple of videos, we felt it would be most beneficial to speak to the tour guide and ask questions about her experiences. From her answers, I gathered that Scientologists like to help people. If you are having troubles in your marriage or need help finding where to go in life, you can join counseling groups. If there is a natural disaster in the world, Scientologists will travel to the location and help out where they can. The part that interested me most is their passion to help individuals with any issues that individual might be having. In a book recommended by Andrea that provided an opposite perspective of Scientology, Jenna Miscavige Hill writes about her â€Å"secret life inside scientology and her harrowing escape† (Beyond Belief, Cover). This is something I wish I would have known about before going into the tour because I would have asked questions in regards to this book. In the book, Jenna explains about her life as a member of the Sea Org, the church’s most devoted core group of Scientology. She describes how she was sent away as a child to receive an education in Scientology, the manual labor she was forced to perform, and the coercion she faced from officials. Nothing about children being sent away to Scientology school was brought up or asked about throughout our time at the Church. After reading the 10 Juiciest Bits about Scientology from Jenna’s book, it made me think twice about what I found out while at the church. Hearing both the positive and negative sides of Scientology will not change the way I act in a professional environment because, knowing both sides of the religion will not diminish the respect I have for other’s personal religious choices. I think the main challenge for the Church of Scientology is the extreme difference in viewpoints you can have on the religion. Those who are Scientologist think it’s the most wonderful thing, but those who know about it and have gotten out have nothing good to say about it. Interview #2 The second interview I conducted did not relate to any of my multicultural experiences, but was instead with a coworker, Violet. Violet is from Uganda, Africa, and came to the United States in January 2000 to attend school at the University of Minnesota. Violet’s experience relates to the â€Å"Chimamanda Adichie: The Danger of a Single Story† video watched in class. Violet Interviewee #2 Violet Interviewee #2 Since this was an in person interview, not many structured questions were asked. Instead, there was a lot of back and forth conversation, unlike the interview with Michelle. When explaining her experiences growing up, Violet made a point on how the way she was raised and lived is only one view, and not everyone was able to live the way she did. Violet comes from a very successful family. She explained how she lived a very privileged life, in Uganda, and does not know what poverty is when asked about it. When her family came to Minnesota, they brought their maid with them, which is not common for many when traveling to the States. Violet came on a student visa. Due to the fact that she was from out of the country, she had to pay almost three times more per semester than most students attending the university. This is something her father paid for so, unlike me and many others, she graduated with no student loans. I asked Violet about the manifestation of personal brand of Africa and she explained that it is very different. One in Africa is unable to choose their personal brand. When interviewing for positions, the question is always, â€Å"Whose son or daughter is that?† not â€Å"How smart or qualified are they?† In Uganda, there is a strong British influence, so class and tribal system is what makes you who are you. It is all about whom you know or who you are related to. Violet never professionally worked in Africa, but states that one’s choices are limited regarding what they can decide to grow up to be. You either plan to be a doctor, lawyer, dentist, or anything else with a designate d path. There are few opportunities and many talents are wasted. Marketing or human resource careers aren’t options or even thought about in Africa when choosing an education path. When Violet came to Minnesota to begin school, she had it in her mind that she was going to become a lawyer. Not until she was almost done with her Bachelor’s degree did she begin to realize that becoming a lawyer was maybe something she didn’t actually want to do. She went on to complete her MBA, with the mind set of beginning to work toward a law degree. She is now a Senior Human Resources Recruiter, and sometimes wishes she had received her Bachelor’s degree in Marketing or Communications, instead of Business, realizing that she was still living in the African career mentality when choosing her education. While people in the US think that an 8% unemployment rate is high, Africa has over 50% unemployment. This is partially because there are not enough businesses to employ everyone. Unlike in the US, there are no government services to help the poor. There is also not as much access to goods like in the US. Not everyone has the convenience to go to stores like Target or Wal-Mart. Lastly, when asked if people treat her different based on what the average American knows about Africans – that they are poor – she admitted that people sometimes do. Some are surprised to learn that she speaks English very well, others reject her when they realize that she is not a suffering African, and the black community does not always accept her as black. She has wondered if she had come over as an African refuge; how things might be different in the way people treat her. The interview with Violet was a further look into what I don’t know about Africa. It gave me knowledge and taught me never to judge based what I see on television or read in books. As Violet made clear at the beginning of our interview, she has only one view point regarding Africa, and not everyone was raised like her. This reminds me to never judge when only hearing one side of the story. This is a lesson that can be brought into the workplace every single day. The two interviews and three multi-cultural experiences opened my eyes to things I would never have known about. I learned about what it was like to attend a fashion show, a different culture, and religion. These experiences changed the way I look at life and the way I approach professional environments. Due to this project, I will search for new experiences that will bring be out of my comfort zone, just like the activities above. References Adichie, Chimamanda, perf. Chimamanda Adichie: The danger of a single story. 2009. Film. March 2013. http://www.ted.com/talks/chimamanda_adichie_the_danger_of_a_single_story.html. Fallon, Kevin. 10 Juiciest Bits From Ex-Scientologist’s Tell-All ‘Beyond Belief’. (2013): n. page. Web. 22 Apr. 2013. Miscavige Hill, Jenna. Beyond Belief: My Secret Life Inside Scientology and My Harrowing Escape. 1. 1. Harpercollins, 2013. 404. Print. Nassalo , Violet. Personal Interview. 9 Apr 2013. Olson, Michelle. E-mail Interview. 4 Apr 2013.

Tenancy Agreement Problem Question

Tenancy Agreement Problem Question Abstract The primary scope of this paper is to consider whether parties who enter into an agreement that purports to be a licence can be said to have entered into a lease agreement. If a party can enter into a so called licence agreement and it later appears to be a lease, the tenant will be protected as an assured tenant under the Housing Act and the landlord will find him/herself subject to the provision of the Act. The paper first discusses the difference between a licence and a tenancy. With reference to cases and literature the paper proposes that the actual agreement between the parties is that of landlord and tenant. The paper further discusses the protection afforded to tenants under the Housing Act 1988. Introduction Tenants enjoy statutory protection and to avoid it, landlords require prospective occupants to sign licence agreements. What is the nature of the agreement between David and the occupants of the flats? Licence to Occupy or Tenancy Agreement A license gives the occupant the permission to occupy his/her premises but does not confer an interest in land.[1] A lease on the other hand creates an interest in Land. In Street v Mountford [1985] 2 All ER 289 (299), Lord Templeman set out three hallmarks of a lease: Exclusive possession Rent and Term Although rent payments will normally be payable, it is submitted that the requirement to pay rent is not essential to a lease agreement.[2] A lease only has two requirements: Exclusive possession and a term. The licence also provides for a term but does not grant exclusive possession. To determine whether there is a lease or a licence it is necessary to look at the form and substance of the agreement and the genuine intention of the parties is important. There is no hard and fast rule and it is not always easy to determine whether exclusive possession exists. What rights has the owner retained pertaining to use of the premises? If the agreement requires from the occupier to share with another or the owner, the occupier will not have exclusive possession. Employee Occupancy The service agreement between employer and employee entitling the employee to live in the employer’s accommodation in order to perform his duties as employee is an example of exclusive occupancy that does not confer an interest in land. The employee is not occupying for himself but on behalf of the employer. In Street v Mountford, op. cit. the court said that the possession of the servant is treated as the possession and occupation of the master but it must be strictly ancillary to the performance of the duties which the employee has to perform within the employment relationship. Cases The leading case is Street v Mountford, op. cit. Mrs Mountford had the right to occupy a furnished room under a written agreement which stated that it was a licence and she had no protection under the Rent Act. The court held that the true distinction between a lease and permission personally to occupy lay in the exclusivity of possession which Mrs Mountford enjoyed. Despite the wording the true nature of their agreement was that of landlord and tenant. The court in Antoniades v Villiers Anor [1988] EWCA Civ 3 (17 March 1988) followed the judgement of Street v Mountford op. cit. where Lord Templeman criticised the finding in Somma v Hazelhurst [1978] 1 WLR 1014 (Each occupant signed a separate agreement). In this case the occupants were partners too. The owner presented an agreement that was drafted on the same terms of the agreement in Somma v Hazelhurst op. cit. Mr Villiers and his Partner signed two separate agreements stating that the nature of the agreement is a licence. The owner was entitled to put someone else in too and in fact a friend stayed with the respondents for a period of time. On appeal the court held that the respondents did have exclusive possession and called the agreements pretence. The agreements did not reflect the reality of the situation and the court held that a lease was created.[3] The pretence doctrine can be seen as a three stage process: The courts must establish that there is a consensus ad idem between the parties. If the parties agreed to a term to avoid statutory protection, it should be struck out. The remaining part of the agreement will determine if it is a lease or not. Multiple occupancy arrangements are more difficult to decide. In AG Securities v Vaughan, op. cit. the court referred to unity of possession, title, time and of interest and held that there was a licence only since unity of time, title and interest were missing. There are three ways of looking at the nature of the agreements: There are a series of licences and no protection under the Housing Act.[4] Each individual has exclusive possession of a bedroom whilst sharing the other facilities and each has a lease providing security[5] There exists a joint tenancy of the whole as found in Antoniades v Villiers op.cit. Advice Ben, Clara and Alan are all living in the same flat. Ben and Clara live together in one room and Alan in his own room. They are sharing the rest of the flat. The position with Ben and Clara is the same as that in Antoniades v Villiers, op.cit. save that Alan is in the second room. Ben and Clara have exclusive possession of their room and one cannot validly argue that someone else can be placed in their room with them. All three of them also fall under the second scenario since they have exclusive use of their bedrooms but they share other facilities. Section 3 of the Housing Act provides security to them. The real nature of the relationship is that of a lease. The students are entitled to protection under the Housing Act. The tenant has tenure and a sale to Fred does not affect their security. Edward is not in the flat as part of his job as clerk for David. There is no mention of the nature of the agreement but there is clearly a term and exclusive possession. The relationship between Edward and David is also a lease. In all circumstances none of the students or Edward can be evicted without following the correct procedures. The Housing Act 1988 In terms of Section 19A of the Act, the agreement between David and the Students and David and Edward are assured short hold tenancies. The landlord cannot validly terminate the tenancy without the obtaining an order of court, or in the case of a fixed term tenancy which contains power for the landlord to determine the tenancy in certain circumstances, by the exercise of that power. Edward is protected by Section 5 of the Act as an assured short hold tenant. The only way that Fred can end the assured short hold tenancy is by make the premises his principal residence and approaching the court for an order without any court appearance. Bibliography: Books Bright, S. and Gilbert, G., Landlord and Tenant Law: The Nature of Tenancies, (1995), Clarendon Press Legislation: Housing Act, 1988 Housing Act, 1996 Housing Act, 2004 Law of Property Act , 1925 Cases: Street v Mountford [1985] 2 ALL ER 289 Ashburn Anstalt v Arnold [ 1988] 2 All ER 147 Antoniades v Villiers Anor [1988] EWCA Civ 3 (17 March 1988) Somma v Hazelhurst [1978] 1 WLR 1014 AG Securities v Vaughan; Antoniades v Villiers [1988] 3 All ER 1058 Other sources: Law Commission, Landlord and Tenant. Reform of the Law:, Law Com No 162, 1987 Internet sources Tenants Know Your Rights http://www.fool.co.uk/news/property-home/2008/09/25/tenants-know-your-rights.aspx> as at 14 November 2008 Housing- In England, Tenancy Agreements http://www.adviceguide.org.uk/index/family_parent/housing/tenancy_agreements.htm> as at 14 November 2008 Residential Tenancies What is a Tenancy http://www.landlordzone.co.uk/residential_tenancies.htm> as at 14 November 2008 The Letting Centre Factsheet 18 Residential Tenancy Agreements http://www.letlink.co.uk/letting-factsheets/factsheets/factsheet-18residential-tenanc> as at 14 November 2008 Assured and Assured Shorthold Tenancies, A guide for tenants http://www.info.gov.uk> as at 14 November 2008 [1] Licences, Key points, http://www.landlordzone.co.uk/license_agreement.htm> at 14 November 2008 [2] Ashburn Anstalt v Arnold [ 1988] 2 All ER 147; Law of Property Act 1925, Section 205(1)(xxvii) [3] AG Securities v Vaughan; Antoniades v Villiers [1988] 3 All ER 1058 [4] AG securities v Vaughan, op. cit. 7 Housing Act 1988, Section 3

Accounting :: essays research papers

Preface Financial statements are prepared and presented for external users by many enterprises around the world. Although such financial statements may appear similar from country to country, there are differences which have probably been caused by a variety of social, economic and legal circumstances and by different countries having in mind the needs of different users of financial statements when setting national requirements. These different circumstances have led to the use of a variety of definitions of the elements of financial statements; that is, for example, assets, liabilities, equity, income and expenses. They have also resulted in the use of different criteria for the recognition of items in the financial statements and in a preference for different bases of measurement. The scope of the financial statements and the disclosures made in them have also been affected. The International Accounting Standards Committee (IASC) is committed to narrowing these differences by seeking to harmonise regulations, accounting standards and procedures relating to the preparation and presentation of financial statements. It believes that further harmonisation can best be pursued by focusing on financial statements that are prepared for the purpose of providing information that is useful in making economic decisions. The Board of IASC believes that financial statements prepared for this purpose meet the common needs of most users. This is because nearly all users are making economic decisions, for example, to: (a) decide when to buy, hold or sell an equity investment; (b) assess the stewardship or accountability of management; (c) assess the ability of the enterprise to pay and provide other benefits to its employees; (d) assess the security for amounts lent to the enterprise; (e) determine taxation policies; (f) determine distributable profits and dividends; (g) prepare and use national income statistics; or (h) regulate the activities of enterprises. The Board recognises, however, that governments, in particular, may specify different or additional requirements for their own purposes. These requirements should not, however, affect financial statements published for the benefit of other users unless they also meet the needs of those other users. Financial statements are most commonly prepared in accordance with an accounting model based on recoverable historical cost and the nominal financial capital maintenance concept. Other models and concepts may be more appropriate in order to meet the objective of providing information that is useful for making economic decisions although there is presently no consensus for change. This Framework has been developed so that it is applicable to a range of accounting models and concepts of capital and capital maintenance.

What do Thomas Hardys short stories reveal about his society? :: English Literature

What do Thomas Hardy's short stories reveal about his society? Thomas Hardy was born 1840 and died 1924. He composed most of his writings between 1871 and 1912. From 1912 till death he wrote poetry. Hardy enjoyed writing short stories because he had realised that with the pressures and busy lifestyles of modern day life there was little time to sit down and read a novel. One difficulty of a short story is that it can't give in depth character analyses but they can gradually allow someone to make their own analyses judging by Hardy's content in his stories. They are succinct which made them successful. What is a short story? For Hardy a short story wasn't a tale that explained the details in two sentences and left the reader blank looking for clues as to where the story was going, the background of the story and who everyone was. Hardy's short stories gave as much detail as possible and if something was missing, it appeared later on, he consistently made sure the reader would keep up with the story and never rushed his stories, making sure the reader got the full jist of the story. A very simple example of this is in "The Superstitious Mans Story" where during the story Hardy includes a short paragraph which is told by the narrator of the story, it provides both the listener in and out of the story with a piece of missing information which we need to understand it fully, because in "The Superstitious Mans Story" there are two listeners, ourselves and Hardy's metaphorical Alias Mr. Lackland. Hardy's stories have a personal feel to them, when you read them he is talking to you, explaining and saying everything to you. For example "The Superstitious Mans Story" and "Old Andrey's Experience as a Musician" Hardy uses a conversational tone, he writes his stories in the way they would be told person-to-person, face-to-face as maybe travellers stories. Society has changed greatly since the time of Thomas Hardy, we no longer have the closeness and reliability that everyone had then. Hardy lived in a community and describes a community in his short stories where every member of the community knows everyone else, knows past and present members and they are able to tell stories about each of them. In this community everyone can rely on someone else, be it a friend or neighbour. A community like this is not found in cities as Hardy discovers when he moves to London in his early years, London was one of the first megalopolises. He was introduced to the city which he seen as a

The Lakefront Essay -- Descriptive Essay Examples, Observation

The Lakefront    Have you ever been to a place that you did not want to leave? This is the way I feel when I go to the lakefront. This is one of the most beautiful places that I have ever been. At night you can almost reach out and touch the stars and the sound of the water splashing is so peaceful.    I have many fond memories about the lakefront, it is the place where I can just get away and think. I have been to the lakefront thousands of times and every time is a different experience weather I am with my friends or if I go alone. When I was younger my mother would take me on the lakefront and I would play on the swings and the slides, little did I know my mother used to take me out so I could exert energy so I could get tired and she could put me to sleep.    I remember early mornings my dad would wake me up to go fishing on the lakefront and we would sit and listen to birds chirping and watch the boats passing. It seemed like we would never catch anything, but the time was never wasted. Every year we have our family reunion on the lakefront, there is...

Financial Outlook on Dr. Reddy’s Laboratories

International Finance Project On â€Å"Financial outlook on Dr. Reddy’s Laboratories Ltd. † Submitted to: Prof. S. K. Gupta Submitted by: Date: 31 Dec. 2011 SOURAV KUMAR 2K10IB30 PGDM IB 2010-2012 ASIA PACIFIC INSTITUTE OF MANAGEMENT 3 & 4, Institutional Area, Jasola, New Delhi 110025 INTRODUCTION Established in 1984, Dr. Reddy's Laboratories Ltd. (NYSE: RDY) is an integrated global pharmaceutical company, committed to providing affordable and innovative medicines for healthier lives. Through its three businesses – Pharmaceutical Services and Active Ingredients, Global Generics and Proprietary Products – Dr. Reddy’s offers a portfolio of products and services including Active Pharmaceutical Ingredients (APIs), Custom Pharmaceutical Services (CPS), generics, biosimilars, differentiated formulations and News Chemical Entities (NCEs). PURPOSE & VALUES: Providing Affordable Medicines Our Global Generics business helps reduce drug costs for individuals and governments by bringing generic drugs to market as early as possible, and making them available to as many patients as possible. We market both generic small-molecule drugs and generic biopharmaceuticals. In markets with guidelines for approval, our Biologics business offers more affordable and equally effective generic biopharmaceuticals or biosimilars. We supply pharmaceutical ingredients to other generic companies through the API arm of our PSAI business, which contributes to our goal of providing affordable edicine. We will continue to promote affordability in significant ways and work to expand our product offering of generics, focusing on increasing access to products with significant barriers to entry. We will continue to look for new opportunities to take generics to more patients, in collaboration with other companies. Developing Innovative Medicines Despite the great advances of medical science, there are still many unmet medical needs. Our Proprietary Products businesses address some of these unmet medical needs, by developing and bringing to market new drugs. Through innovation in science and technology, combined with a deep understanding of underlying disease pathways, we develop and commercialise new formulations of approved products. We also develop new chemical entities with improved and well-characterised safety and efficacy profiles. We focus our research on the therapeutic areas of pain, anti-bacterials and metabolic disorders. Our Custom Pharmaceutical Services arm of our PSAI business helps innovator companies get their proprietary medicines to patients faster, by providing a range of technology platforms and services. ABOUT THE BUSINESS: The healthcare needs of people worldwide cannot be met by one company alone. Collectively however we can bring new drugs to the market in a fast and efficient manner and provide the building blocks of affordable medicines. Through our PSAI business, which comprises the Active Pharmaceutical Ingredients (API) and Custom Pharmaceutical Services (CPS) businesses, we offer IP advantaged, speedy product development and cost-effective manufacturing services to our customers – generic companies and innovators. This allows us to help make good medicines available to more people around the world. The core strengths of our PSAI business are the state-of-the-art infrastructure, resources and skills we are able to offer to our customers: †¢Large and diverse product portfolio †¢Eight FDA-inspected plants and three technology centers †¢World class chemistry expertise †¢Robust, large-scale manufacturing capabilities †¢Intellectual Property (IP) driven product development for freedom to operate †¢Total, seamless supply chain management PARTNERSHIP PHILOSPHY: At the core of each successful partnership is a great relationship based on trust and mutual respect. As we work towards fulfilling our core purpose we share your aspirations. We recognize and embrace the fact that our partners are a core component of this strategy. We understand that partnerships are successful when benefits accrue to both parties. They are built on a shared vision with well-defined and agreed-upon goals. We also know that that the partners’ thinking and interests may not always be identical, but that we share the same goal—a successful product. Our shared partnership successes are at the very heart of our business. From our first meeting through product launch and beyond, we stand behind our belief in true partnership thereby combining our strengths and sharing our successes. Dr. Reddy's firmly believes that the right alliances can contribute significantly to the success of our partners as well as to our own strategy and sustainable growth. â€Å"At Dr. Reddy’s we aim to foster a culture of building fair, effective, and mutually beneficial—winning—collaborations. The importance that we place on building winning collaborations is evidenced partly by the early and substantial involvement of senior management. In this way, we achieve quick decision-making and the allocation of necessary resources to achieve success. † G V Prasad Vice Chairman and CEO Transparent and Simple process: Clarity of thought, Speed of execution, Flexibility, creativity, and transparency are critical components of our negotiation and transaction process. As no two deals are the same, we work with potential partners to structure deals through customized approaches that allow both partners to leverage unique capabilities and assets in order to achieve common goals. A simple and streamlined process to progress our partnering discussions and a flat organizational structure facilitates rapid decision making from initial screening to execution. As a company that evaluates 100+ business development opportunities in any given year (many of which come to closure), we value the time and resources our potential partners commit to explore and complete any potential partnership. Dr. Reddy’s emphasizes a transparent and collaborative negotiation process and prompt decision making. We bring a reputation for acting swiftly and being flexible. We will work with you to reach an agreement with which you will be comfortable and that will head us in the right direction toward shared success. Sustained relationship based on trust and mutual respect: Our robust alliance management principles and practices allow successful execution of joint initiatives. Dr. Reddy’s is committed to ensuring that our partnerships succeed and flourish. Quarterly Results: Quarterly Results of Dr Reddys Laboratories——————- in Rs. Cr. ——————- Sep '11Jun '11Mar '11Dec '10Sep '10 Sales Turnover1,646. 981,696. 961,329. 161,389. 761,296. 88 Other Income13. 0555. 5429. 1137. 2152. 35 Total Income1,660. 031,752. 501,358. 271,426. 971,349. 23 Total Expenses1,390. 181,085. 201,113. 741,046. 631,022. 98 Operating Profit256. 80611. 76215. 42343. 13273. 0 Profit On Sale Of Assets———- Profit On Sale Of Investments———- Gain/Loss On Foreign Exchange———- VRS Adjustment———- Other Extraordinary Income/Expenses———- Total Extraordinary Income/Expenses———- Ta x On Extraordinary Items———- Net Extra Ordinary Income/Expenses———- Gross Profit269. 85667. 30244. 53380. 34326. 25 Interest15. 7815. 244. 250. 540. 13 PBDT254. 07652. 06257. 78379. 80326. 12 Depreciation73. 4068. 9365. 5063. 8961. 35 Depreciation On Revaluation Of Assets———- PBT180. 67583. 13192. 28315. 91264. 77 Tax42. 17129. 0826. 4153. 1444. 57 Net Profit138. 50454. 05165. 87262. 77220. 20 Prior Years Income/Expenses———- Depreciation for Previous Years Written Back/ Provided———- Dividend———- Dividend Tax———- Dividend (%)———- Earnings Per Share8. 1726. 799. 8015. 5313. 01 Book Value———- Equity84. 7684. 7484. 6384. 6184. 60 Reserves———- Face Value5. 005. 005. 005. 005. 00 ___________________________________________ Balance Sheet of the company (annually): ——————- In Rs. Cr. —————————— DescriptionMar-11Mar-10Mar-09Mar-08 SOURCES OF FUNDS: Share Capital84. 684. 484. 284. Share Warrants & Outstanding39. 333. 935. 532. 5 Total Reserves5896. 35796. 35139. 44695. 2 Shareholder's Funds6020. 25914. 65259. 14811. 8 Secured Loans0. 70. 82. 63. 4 Unsecured Loans1444. 1562. 4637. 745 8. 9 Total Debts1444. 8563. 2640. 3462. 3 Total Liabilities74656477. 85899. 45274. 1 APPLICATION OF FUNDS : Gross Block30252425. 72157. 31750. 2 Less: Accumulated Depreciation13341110. 1946. 5762. 8 Less: Impairment of Assets Net Block16911315. 61210. 8987. 4 Lease Adjustment A/c Capital Work in Progress570. 4745. 4411. 2246. 5 Pre-operative Expenses pending Assets in transit Investments24622555. 1703. 81930. 6 Current Assets, Loans & Advances Inventories1063. 2897. 4735. 1640. 9 Sundry Debtors1770. 51060. 51419. 7897. 7 Cash and Bank66. 2368384. 4536. 7 Other Current Assets1. 80. 62. 8 Loans and Advances2606. 42048. 718401250. 6 Total Current Assets5506. 34376. 44379. 83328. 7 Less: Current Liabilities and Provisions Current Liabilities1440. 71447. 51050. 2680. 9 Provisions1223. 2992. 2665. 6451. 3 Total Current Liabilities2663. 92439. 71715. 81132. 2 Net Current Assets2842. 41936. 726642196. 5 Miscellaneous Expenses not written off Deferred Tax Assets / Liabilities-100. 8-75-90. 4 -86. 9 Total Assets74656477. 85899. 45274. 1 Contingent Liabilities2488. 22412. 21977. 93325. 8 Book Value353. 481087348. 382701310. 190024284. 143876 Adjusted Book Value353. 481087348. 382701310. 19284. 1439 Profit & Loss Statement of the company (annually) ——————- in Rs. Cr. ————————————— DescriptionMar-11Mar-10Mar-09Mar-08 No of Months12121212 INCOME : Gross Sales5284. 74543. 84239. 83449. 7 Less: Inter divisional transfers Less: Sales Returns Less: Excise Duty97. 37480. 984. 5 Net Sales5187. 44469. 84158. 93365. 2 EXPENDITURE : Increase/Decrease in Stock-79-117. 3-64. 1-93. Raw Material Consumed1396. 413461177. 61146. 1 Power & Fuel Cost144. 6104. 19077. 1 Employee Cost701. 2510413. 3368. 6 Other Manufacturing Expenses1053. 9793. 3894698. 2 General and Administration Expenses288. 7195. 6228193. 9 Selling and Distribution Expenses477443. 8448. 7375. 4 Misce llaneous Expenses113. 991. 6121. 930 Less: Expenses Capitalised Total Expenditure4096. 73367. 13309. 42795. 4 Operating Profit (Excl OI)1090. 71102. 7849. 5569. 8 Other Income219220. 5101. 1191. 1 Operating Profit1309. 71323. 2950. 6760. 9 Interest9. 91627. 414. 7 PBDT1299. 81307. 2923. 2746. 2 Depreciation247. 9222. 4193. 162 Profit Before Taxation & Exceptional Items1051. 91084. 8729. 5584. 2 Exceptional Income / Expenses Profit Before Tax1051. 91084. 8729. 5584. 2 Provision for Tax158. 5238. 7168. 6108. 9 Profit After Tax893. 4846. 1560. 9475. 3 Extra items Adjustments to PAT597. 2-24. 8-1. 5 Profit Balance B/F2554. 12039. 11657. 51305. 1 Appropriations4044. 72860. 42218. 41778. 9 Equity Dividend %22522512575 Earnings Per Share52. 801418450. 124407633. 307628. 258 Adjusted EPS52. 801418450. 124407633. 307628. 258 Forex and External commercial borrowings: ——————- in Rs. Cr. ————————â €”———— DescriptionMar-11Mar-10Mar-09Mar-08 EXPORTS Total Inflow In Foreign Currency3747. 73161. 43123. 32366. 8362 Exports – FOB Value3671. 83013. 82892. 52259. 9061 Revenue in Forex75. 9147. 6230. 8106. 9301 Frieght & Insurance Technology transfer fees Service Fees31111. 1197. 959. 2134 Commision Earned2. 4 Dividend received Interest Earnings33. 635. 13236. 8753 Other Exports8. 91. 40. 910. 8414 Capital Inflow – Other Deemed Exports IMPORTS Total Outflow In Foreign Currency1321. 31021. 41180. 91071. 0232 Imports – CIF Value533. 7486. 4553. 8658. 4784 Raw Materials533. 7486. 4553. 8658. 4784 Traded Goods Stores & spares Other Imports Total Capital Outflow277. 3110. 7135. 577. 1814 Capital Goods277. 3110. 7135. 577. 1814 Other Capital Expenditures Repayments of Loans Investment In foreign Currency Expenditure in Foreign Currency510. 3424. 3491. 6335. 3634 Travelling Expenses5. 16109. 385 Interest Expenditure7. 5 Legal Expenses113. 166. 652. 355. 1145 Royalty Technical Fees Commision paid Others384. 6351. 7429. 3270. 8639 Dividend Paid Deemed Imports Raw Materials consumed Material Imported in Amt456. 6334. 2357231. 2115 Material Imported in %43303926. 37 Material Indigenous in Amt609. 8766. 3564. 2645. 144 Material Indigenous in %57706173. 63 Stores and spares consumed Spare Imported in Amt52. 433. 230. 121. 2313 Spares Imported in %1513811 Spare Indigenous in Amt300. 7220. 3326. 3180. 0892 Spares Indigenous in %85879289 Dr Reddy's Laboratories in News Dr Reddy's Laboratories: Higher capacity, New products to pump up growth Kiran Kabtta Somvanshi, ET Bureau Dec 26, 2011, 05. 20am IST Tags: †¢Sun Pharma| †¢Russia| †¢Germany| †¢generics Dr Reddy's Laboratories, the second-largest pharma company (by sales) in India, is at an inflexion point. Its robust performance in the US and Russia is driving its growth. The second half of the fiscal is likely to be better for the company than the first one –characterised by more product launches and increase in market share. It's probably the right time for investors to consider this stock. BUSINESS The company is engaged in generics, bulk drugs & custom services and proprietary products. The genericsbusiness contributes over 70% to its total revenues, which stood at $1. 7 billion in FY11. DRL has focussed on four key regions — North America, India, Russia/CIS and Europe — with an objective to achieve critical mass in the base business. North America is the company's largest and strongest market, contributing onethird of the company's revenues. New product launches, limited competition products and improved market share has helped the company post a strong performance in the region. DRL's German business remains its sore point, pulling down the growth rates for the European region. The pricing pressure brought about by the tender-based business structure has adversely affected its profitability. The Indian business has been a laggard since the last several quarters, but the sequential improvement in its performance in the September quarter is encouraging. Its biosimilars portfolio has done very well and has logged a growth of 22% y-o-y, hinting at a better period in the coming months. The Russian business, though not a large contributor, has proved to be yet another growth driver for the company. The OTC business, in particular, is doing well in the region. GROWTH DRIVERS DRL has targeted revenues of $3 billion and a RoCE of 25% in FY13. The company has a strong pipeline with 76 pending ANDAs (17 tentative approvals). It has 40 Para IV filings of which 11 have first to file opportunities. The company is focussing on scaling up manufacturing and having a higher mix of US generics in total global generics. In Germany, the company has undertaken cost control measures, and has commenced supplies to AOK tenders and launched new products outside the scope of tenders. Its effect would be visible from the current quarter. DRL has a tie-up with GSK to develop and market select products across emerging markets outside India. FINANCIALS While its earnings have been erratic over the years, the company's revenues have grown at a CAGR of around 21% over the last decade. DRL has restructured operations at its German and Mexican units. It has capped risky and expensive R by pulling out research in therapies like diabetes and cardiovascular. Instead, it is now channelising its R efforts towards development of limited competition products, biosimilars and new chemical entities in areas like pain management, anti-infectives and dermatology. CONCERNS Forging growth in its Indian business and profitability in its European operations is a major concern for the company. Its future growth depends on the success of its efforts in these areas. The company has raised `1,077-crore debt in the current quarter to meet working capital requirements and also to refinance old loans. This brings its total debt to over `4,200 crore. VALUATIONS The company's stock is trading at 23 times its consolidated annual earnings. These valuations are lower than its better-performing peers like Sun Pharma and Cipla. Pharma cos with huge FCCBs may not get hit as their export earnings remaining high Sanjay Pingle, Mumbai Monday, December 19, 2011, 08:00 Hrs [IST] Steady depreciation of Rupee against US Dollar and Euro may not have any major impact on Indian pharmaceutical industry despite many pharma companies have huge exposure to foreign currency loans and bonds. To a great extend, such adverse rates will be offset by the sizable export earnings of Indian pharma companies. Continuous depreciation of Indian Rupee against US Dollar and Euro is a great concern for Indian manufacturers having Foreign Currency Loans (FCLs) and Foreign Currency Convertible Bonds (FCCBs). But the exports of these companies are likely to shoot up in 2011-12 with depreciation of rupee in terms of foreign currencies. Indian pharma companies have recorded export earnings of more than 50 per cent of their revenues to US and Europe during 2010-11 and with depreciation of Rupee export earnings are likely to go up significantly. This will reduce the adverse effect on bottom line likely with the current unfavorable foreign exchange rates. Uncertainty in Euro region and recessionary conditions worldwide is making Dollar more firm against several currencies. At present, the exchange rate of Indian Rupee against dollar is moving near to Rs. 55 and that of Euro is moving over Rs. 71 as against Rs. 45. 87 per Dollar and Rs. 61. 13 per Euro year ago. The Dollar appreciated nearly by 20 per cent and Euro by almost 17 per cent within one year making FCL and Foreign Currency Convertible Bonds (FCCBs) payments costlier for Indian companies. The pharma industry has already incurred huge foreign currency loss during the first half of 2011-12 and these are likely to increase in the remaining part of the FY'12 with adverse exchange fluctuations. Though the Indian pharmaceutical companies have created strong networth position in the past, the volatile and adverse change in foreign exchange rates may put pressure on bottom line. The borrowings of Pharmabiz sample of leading 35 companies shows that the total borrowings, including secured and non-secured loan went up by 18. 3 per cent to Rs. 37,709 crore during 2010-11 from Rs. 1,899 crore in the previous year. The secured loans, including foreign currency loans and FCCBs, of 35 companies increased by 19. 8 per cent to Rs. 21,899 crore from Rs. 18,278 crore. As against these borrowings, the net worth, equity capital plus reserves & surplus, of these companies stood at Rs. 68,201 crore as compared toRs. 48,811 crore in the previous year, representing a strong growth of 39. 7 per cent in 2010-11. Out of 35 companies, 23 companies availed FCL or issued FCCBs and the aggregate amount worked out to Rs. 9,560 crore in 2010-11 as compared to Rs. 10,765 crore. Thus, FCL and FCCBs comprised of 25 per cent in 2010-11 of aggregate borrowings as compared to 34 per cent in the last year. The reduction is mainly due to redemption of FCCBs by few companies and repayment of costly FCLs. The aggregate amount of FCCBs issued by these companies reduced by 12 per cent to Rs. 5,382 crore from Rs. 6,118 crore and foreign currency loans by 10. 1 per cent to Rs. 4,178 crore from Rs. 4,647 crore. Ranbaxy Laboratories has outstanding FCCBs aggregating to US$ 440 million as at the end of December 2010. The company has shown Rs. 1,967 crore as unsecured loan for FCCBs as compared to Rs. ,048 crore in the previous year. Orchid Chemicals and Pharmaceuticals has outstanding FCCBs of Rs. 523. 58 crore as against Rs. 607. 74 crore in the 2009-10. Jubilant Lifesciences has reduced its FCCBs amount to Rs. 633. 70 crore from Rs. 861 crore in the previous year. Further, Strides Arcolab has reduced its FCCBs loan to Rs. 457. 28 crore from Rs. 634. 15 crore and Aurobind o Pharma toRs. 620. 76 crore from Rs. 767. 71 crore. Wockhardt's FCCB liabilities increased slightly to Rs. 458. 82 crore from Rs. 446. 40 crore and that of Plethico Pharma's to Rs. 425. 12 crore from Rs. 411. 91 crore. The foreign currency loans (FCLs) of Jubilant Lifesciences went up to Rs. 1755. 71 crore from Rs. 1580. 48 crore and that of Cadila's to Rs. 737. 70 crore from Rs. 722. 80 crore. Biocon has successfully reduced its FCLs to Rs. 189. 94 crore from Rs. 220. 72 crore. Dr Reddy's Laboratories has repaid its FCLs ofRs. 889. 90 crore during 2010-11 through three new short-term borrowings. However, FCL of Lupin went up sharply to Rs 306. 54 crore from Rs. 181. 99 crore in the previous year. Further, FCL of Orchid Chemical went up to Rs. 325. 22 crore from Rs. 250. 02 crore and that of Panacea Biotec to Rs. 359. 4 crore from Rs. 293. 74 crore. Ipca Laboratories FCLs also jumped to Rs. 183. 15 crore from Rs. 125. 52 crore. The sample of Pharmabiz 35 companies have managed to reduce their liabilities in respect of FCCBs and FCLs during 2010-11 and likely to reduce risk of depreciation of Rupee against Dollar and Euro. Further rise in interest rates by RBI will also put additional burden on the sector in 2011-12. However, higher exports may assist to reduce adverse impact on working. Dr. Reddy’s Q2 FY12 Financial Results : Q2 FY12 Revenues at ? 22. 7 billion ($462 million), YoY growth of 21%; Q2 FY12 Adjusted* EBITDA at ? 5. billion ($104 million), YoY growth of 20%; Q2 FY12 Adjusted** PAT at ? 3. 1 billion ($63 million), YoY growth of 8% Hyderabad, India, October 25, 2011: Dr. Reddy’s Laboratories Ltd. (NYSE: RDY) today announced its unaudited consolidated financial results for the quarter ended September 30, 2011 under International Financial Reporting Standards (IFRS). Key Highlights †¢Consolidated revenues are at ? 22. 7 billion ($462 million) in Q2 FY12 versus ? 18. 7 billion ($381 million) in Q2 FY11, year-on-year growth of 21%. Consolidated revenues for H1 FY12 is at ? 42. 5 billion ($866 million). oRevenues from Global Generics for Q2 FY12 are at ? 6. 1 billion ($329 million). Year-on-year growth of 18% mainly driven by North America and Russia. oRevenues from PSAI are at ? 5. 9 billion ($121 million) in Q2 FY12, growth of 28% over previous year. †¢Adjusted* EBITDA of ? 5. 1 billion ($104 million) in Q2 FY12, is at 23% of revenues recording year-on-year growth of 20%. Consolidated adjusted EBITDA for H1 FY12 is at ? 9. 4 billion ($193 million). †¢Adjusted** Profit after Tax for Q2 FY12 is at ? 3. 1 billion ($63 million), is at 14% of revenues with year-on-year growth of 8%. Consolidated adjusted PAT for H1 FY12 is at ? 5. 6 billion ($115 million). During the quarter, the company launched 28 new generic products, filed 17 new product registrations and filed 11 DMFs globally. †¢Dr. Reddy’s today announced the final approval of its olanzapine 20 mg tablets, the generic version of Eli Lilly’s Zyprexa ®from the USFDA. *Note: Adjustments include: benefit from a part reversal of provision booked in Q1 for Voluntary Retirement Scheme (VRS) floated by the company. **Note: Adjustments include: a) intere st on bonus debentures and b) benefit from a part reversal of provision booked in Q1 on account of Voluntary Retirement Scheme (VRS) floated by the company. All figures in millions, except EPS All dollar figures based on convenience translation rate of 1USD = ? 49. 05 Dr. Reddy's Laboratories Limited and Subsidiaries Unaudited Consolidated Income Statement ParticularsQ2 FY12Q2 FY11Growth % ($)(? )%($)(? )(%) Revenue46222,67910038118,70410021 Cost of revenues21410,473461788,7184720 Gross profit24912,206542049,9865322 Operating Expenses Selling, general & administrative expenses1477,216321165,7093126 Research and development expenses301,4596261,270715 Other operating (income) / expense(4)(215)(1)(4)(218)(1)(2) Results from operating activities763,74517663,2251716 Net finance (income) / expense1500135042 Share of (profit) / loss of equity accounted investees(0)(13)(0)(0)(3)(0)- Profit / (loss) before income tax763,70916653,1941716 Income tax (benefit) / expense1363137327293 Profit / (loss) for the period633,07814582,867157 Diluted EPS0. 418. 1 0. 316. 9 Profit Reconciliation: Adjusted EBITDA ReconciliationQ2 FY12Q2 FY11 ($)(? )($)(? ) PBT763,709653,194 Interest522506 Depreciation1887915731 Amortization83896317 EBITDA1065,203874,248 Adjustments: Part reversal of provision booked in Q1 for Voluntary Retirement Scheme(2)(94) Adjusted EBITDA1045,109874,248 Adjusted PAT ReconciliationQ2 FY12Q2 FY11 ($)(? ($)(? ) PAT633,078582,867 Adjustments: Interest on Bonus Debentures2118 Part reversal of provision booked in Q1 for Voluntary Retirement Scheme(2)(94) Tax normalizing adjustment(0)(4) Adjusted PAT633,099582,867 Segmental Analysis Global Generics Revenues from Global Generics segment are at ? 16. 1 billion ($329 million) in Q2 FY12 registering growth of 18% over previous year. †¢Reven ues from North America at ? 6. 3 billion in Q2 FY12 versus ? 4. 4 billion in Q2 FY11. Growth in USD terms of 45% was led by new product launches in the last twelve months and market share improvement in key products. 5 new products launched during the quarter, including limited competition products such as fondaparinux and fexofenadine pseudoephedrine D24 OTC. o24 products of our prescription portfolio feature among the Top 3 rank in market share (Source: IMS Sales Volumes July 2011). oDuring the quarter, 4 ANDAs were filed. The cumulative ANDA filings as of 30th September, 2011 are 177. A total of 76 ANDAs are pending for approval with the USFDA of which 40 are Para IVs and 11 are FTFs. †¢Revenues in Russia & Other CIS markets at ? 3. 4 billion in Q2 FY12 versus ? 2. 8 billion in Q2 FY11, year-on-year growth of 23%. Revenues in Russia at ? 2. 9 billion in Q2 FY12 versus ? 2. 3 billion in Q2 FY11, year-on-year growth in USD terms of 30%, largely driven by volume growth in key b rands. ?OTC portfolio growth of 33% over previous year; OTC sales at 25% of overall Russia sales. ?Dr. Reddy’s year-on-year secondary prescription sales growth at 20% versus industry’s growth of 10%. (Source: Pharmexpert August 2011). Dr. Reddy’s is ranked 12th in market share. oRevenues in Other CIS markets remained flat at ? 477 million in Q2 FY12. †¢Revenues in India increased by 9% to ? 3. 5 billion in Q2 FY12 versus ? . 2 billion in Q2 FY11. o3 new products launched during the quarter. oBiosimilar portfolio growth of 22% over previous year ; represents 6% to sales. †¢Revenues from Europe at ? 2. 1 billion in Q2 FY12, declined by 10% over previous year. oRevenues from Germany declined by 27% to ? 1. 2 billion in Q2 FY12 due to continuing impact of tenders. oRevenues from Rest of Europe grew by 26% to ? 933 million in Q2 FY12 driven by new launches in UK and growth in out-licensing business. Pharmaceutical Services and Active Ingredients (PSAI) â₠¬ ¢Revenues from PSAI are at ? 5. billion in Q2 FY 12 versus ? 4. 6 billion in Q2 FY11, year-on-year increase of 28%. oGrowth in Active Ingredients business led by new product launches in Europe. oPharmaceutical Services business grew on account of improved customer order book status. oDuring the quarter, 11 DMFs were filed globally, with 2 in US, 2 in Europe, 1 in Canada and 6 in rest of the markets. The cumulative DMF filings as of 30th September 2011 are 506. Income Statement Highlights: †¢Gross profit at ? 12. 2 billion ($249 million) in Q2 FY12, margin of 54% to revenues, marginal increase over previous year. Selling, General & Administration (SG&A) expenses including amortization at ? 7. 2 billion ($147 million) increased by 26% over Q2 FY11. This increase is on account of a) higher freight costs both on account of increase in sales volumes as well as rate increases, b) inflation and year-on-year increments linked increase in manpower costs across businesses, c) increment al costs at Bristol and Shreveport manufacturing facilities in the US and d) the increase in the OTC-related selling and marketing costs in Russia and other CIS markets as compared to previous year. R&D expenses at ? 1. 5 billion ($30 million) in Q2 FY12, increase of 15% over Q2 FY11. †¢Net Finance costs are at ? 50 million ($1 million) in Q2 FY 12 versus ? 35 million ($0. 7 million) in Q2 FY11 The change is on account of : oNet forex gain of ? 151 million ($3 million) versus net forex loss of ? 49 million ($1 million) in Q2 FY11. oNet interest expense of ? 225 million ($5 million) in Q2 FY12 versus ? 5 million ($0. 1 million) in Q2 FY11. oProfit on sale of investments of ? 25 million ($0. 5 million) in Q2 FY12 versus ? 19 million ($0. 4 million) in Q2 FY11. Adjusted EBITDA of ? 5. 1 billion ($104 million) in Q2 FY12, is at 23% of revenues with year-on-year growth of 20%. †¢Adjusted Profit after Tax for Q2 FY12 is at ? 3. 1 billion ($63 million), is at 14% of revenues with year-on-year growth of 8%. †¢Adjusted EPS for Q2 FY 12 is at ? 18. 2 ($0. 4) versus ? 16. 9 ($0. 3) in Q2 FY11. †¢Capital expenditure for H1 FY12 is at ? 3. 6 billion ($73 million). Appendix 1: Q2 FY12 Key Balance Sheet Items (In millions) ParticularsAs on 30th Sep 11As on 30th Jun 11 $)(? )($)(? ) Cash and cash equivalents1557,5961115,468 Trade receivables41920,56834917,136 Inventories37918,59235517,401 Property, plant and equipment64131,45062230,524 Goodwill and other intangible assets30815,11530414,921 Loans and borrowings (current & non-current)63831,30348823,940 Trade payables1828,9401728,433 Equity98048,08199748,902 Appendix 2: Q2 FY12 Revenue Mix by Segment (In millions) Q2 FY12Q2 FY 11Growth % ($)(? )as a %($)(? )as a % Global Generics32916,1367127913,6677318 North America 6,28739 4,4163242 Europe 2,11713 2,36617(10) India 3,45921 3,160239 Russia & Other CIS 3,38021 2,7512023 RoW 8936 9747(8) PSAI1215,93326944,6172528 North America 1,06818 8141831 Europe 2,30339 1,5513448 India 75213 6531415 RoW 1,81031 1,5993513 Others1261039420245 Total46222,67810038118,70410021 Appendix 3: Q2 FY12 Revenue Mix by Geography (In millions) Q2 FY12Q2FY 11Growth % ($)(? )as a %($)(? )as a % North America1597,777341115,4642942 Europe924,53620844,1022211 India864,21019783,8132010 Russia & Other CIS693,38015562,7511523 Others572,77512522,573148 Total46222,67810018,70418,10021 Appendix 4: H1 FY12 Consolidated Income Statement All figures in millions, except EPS All dollar figures based on convenience translation rate of 1USD = ? 49. 05 ParticularsH1 FY12H1 FY11Growth % ($)(? )%($)(? )(%) Revenue86642,46210072435,53510019 Cost of revenues40219,7014633916,6354718 Gross profit46422,7615438518,9005320 Operating Expenses Selling, general & administrative expenses28513,9723322811,1913125 Research and development expenses542,6566462,263617 Other operating (income) / expense(8)(401)(1)(8)(404)(1)(1) Results from operating activities1336,533151195,8501612 Net finance (income) / expense296042121(55) Share of (profit) / loss of equity accounted investees(0)(17)(0)(0)(8)(0)113 Profit / (loss) before income tax1326,455151155,6471614 Income tax (benefit) / expense15751214684210 Profit / (loss) for the period1165,704131014,9631415 Diluted EPS0. 733. 6 0. 629. 2 Appendix 5: H1 FY12 Profit Reconciliation (In millions) Adjusted EBITDA ReconciliationH1 FY12H1 FY11 ($)(? )($)(? ) PBT1326,4551155,647 Interest9446(0)(3) Depreciation351,708291,416 Amortization1679412605 Reported EBITDA1929,4041567,665 Adjustments: One-time charge of Voluntary Retirement Scheme142 Adjusted EBITDA1939,4451567,665 Adjusted PAT ReconciliationH1 FY12H1 FY11 ($)(? )($)(? ) Reported PAT1165,7041014,963 Adjustments: Interest on Bonus Debentures5236 One-time charge of Voluntary Retirement Scheme142 Tax normalizing adjustment(7)(364) Adjusted PAT1155,6181014,963