Corporate Finance System of Vodafone Essay Example | Topics and Well Written Essays - 5250 words

Corporate Finance System of Vodafone - act ExampleFigure 10Dividend payment of Vodafone as a percentage of net clear/ mischief (Source Money.CNN.com)Figure 11Dividend payment of AT&T as a percentage of net profit/ prejudice (Source Money.CNN.com)Figure 12Dividend payment of Verizon & BT as a percentage of net profit/loss (Source Money.CNN.com)Figure 13 tote up Current Assets of Vodafone (Source CNN Money)Figure 14Total Current Liabilities of Vodafone (Source CNN Money)Figure 15Current Ratio of VodafoneFigure 16Cash Ratio of VodafoneFigure 17Total Assets and Total Liabilities of Vodafone (Source CNN Money)Figure 18Vodafones withdrawal from committed facilities in 2004, 2005 and 2006 (Source Vodafone Annual Report 2008. pp57)1.0 Executive SummaryThis shroud is a comprehensive abbreviation of the corporate finance system of Vodafone. The analytics presented here is based on the publish information by Vodafone on their corporate website and independent market information or so the organisation from world(prenominal) financial compend organisations. Overall, Vodafone is a large group with multiple legal entities. However, the CEOs of all the legal entities embrace to the group Chief Executive Officer (CEO) and the Chief Financial Officer (CFO) manages consolidated finance for the group. The analysis presented herewith is pertaining to the consolidated finance of entire group and not of their individual legal entities.The entire analysis is divided into five chapters. The first chapter deals with the background information about the company whereby their corporate objectives, details about finance division, sources of finance, stockholder analysis, and corporate governance sire been presented in brief.In the second chapter, the systematic and unsystematic risks associated with Vodafone and... The first chapter deals with the background information about the company whereby their corporate objectives, details about finance division, sources of finance, sharg onholder analysis, and corporate governance have been presented in brief.In the second chapter, the systematic and unsystematic risks associated with Vodafone and the global telecommunications pains as whole. The risk reports have been taken from Ernst and Youngs assessment of global telecommunications industry risks, Deloittes report on Vodafones risks (published on the website of Vodafone) and the 2008 annual report of Vodafone.In the third chapter, the jacket crown Structure of Vodafone and have compared the same with old theories that have been accepted by accounting community largely. The Debt to Equity ratio of Vodafone is compared with similar companies in the telecommunications industry and the results are analyzed. The last part of this chapter deals with application of dividend payment theories in these companies.In the fourth chapter, the empirical theories of Working Capital management of firms and the usage of Money Markets has been presented with the help of literatu re review. Thereafter, the working capital management of Vodafone and their usage of property market instruments have been analyzed.