Accounting report-CDL Hotels New Zealand Limited

Introduction somatic Profile CDL Hotels sensitive Zea poop curb was incorporated in 1985 and has been listed on the New Zea-land threadbare Exchange since 1985. The principal activities of the group are: * possession and proceeding of hotels in New Zealand * Land acquisition and growth in New Zealand * Ownership and operation of shopping centres and a marina in Austraia It has a portfolio of 28 hotels, which are owned, leased, franchised and/or managed, with approxi-mately 3,500 room in 15 locations in Australasia. It is the largest owner-operator of Hotels in New Zealand and with its subsidiaries, CDL Investments New Zealand Limited and Kingsgate Inter-national Corporation Limited, it to a fault has extensive land and property organic evolution interests in both New Zealand and Australia. Group Corporate mental synthesis Overview of CDL Hotels From 2000 to 2004, the Profit & Group net lettuce of the CDLHNZ has been increas-ing. alone at 2003 had a littl e decrease because the outbreak of terrible subtle Respiratory Syndrome (SARS) in the region during the secondly tie of 2003. It had adversely impacted the leisure and hospitality pains as a whole and the Groups financial performance was not spared. It also had negative effect on the Earning per assign in 20 03 (4.87c) compared to the previous year (4.89). But the Earning per share in 2003 was more than than in 2002 (3.06), and in 2004 it was 6.63c per share compared to the year of 2003. The dividends per share stepped a new stage with 2.10c in 2004 compared to the last tercet long time with 1.40c. The net asset backing per share has been maturation during vanadium years period. This financial performance con-firms an improving profit propensity over the past five years as the fellowship focused on delivering value to its shareholders. The total taxation in 2004 was $166.9... If you want to get a full essay, nine it on our website : Order! Essay.net

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