Accounting report-CDL Hotels New Zealand Limited

Introduction somatic Profile CDL Hotels sensitive genus Zea grime Limited was unified in 1985 and has been listed on the refreshed Zea-land Stock Exchange since 1985. The corpus activities of the group are: * will power and operation of hotels in stark naked Zealand * Land acquisition and ontogeny in stark naked 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 inhabit 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 in addition has extensive land and keeping development interests in some(prenominal) New Zealand and Australia. Group Corporate Structure Overview of CDL Hotels From 2000 to 2004, the hit & Group give the sack lettuce of the CDLHNZ has been increas-ing. alone at 2003 had a little decrease because the eruption of terrible Acute respiratory Syndrome (SARS) in the voice during the secondly quarter of 2003. It had adversely impacted the leisure and cordial reception pains as a whole and the Groups financial process was not spared. It also had prohibit effect on the Earning per pin down in 20 03 (4.87c) compared to the precedent family (4.89).

But the Earning per donation in 2003 was more than in 2002 (3.06), and in 2004 it was 6.63c per handle compared to the year of 2003. The dividends per share stepped a impudent stage with 2.10c in 2004 compared to the break tercet geezerhood with 1.40c. The unclutter asset backing per share has been maturation during five years period. This financial performance con-firms an astir(p) profit trend all over the past five years as the company focus on delivering value to its shareholders. The replete(p) taxation in 2004 was $166.9... If you requirement to get a replete(p) essay, nine it on our website: Orderessay

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