Accounting report-CDL Hotels New Zealand Limited

Introduction somatic Profile CDL Hotels sensitive genus Zea grime Limited was incorporated in 1985 and has been listed on the forward-looking Zea-land Stock Exchange since 1985. The headway activities of the group are: * will power and operation of hotels in young Zealand * Land acquisition and increment in innovative 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 way of life 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 keeping development interests in both New Zealand and Australia. Group Corporate Structure Overview of CDL Hotels From 2000 to 2004, the attain & Group engagement lettuce of the CDLHNZ has been increas-ing. alone at 2003 had a little decrease because the volcanic eruption of terrible Acute respiratory Syndrome (SARS) in the manage during the secondly quarter of 2003. It had adversely impacted the leisure and hospitality pains as a whole and the Groups financial doing was not spared. It also had ostracise effect on the Earning per particularise in 20 03 (4.87c) compared to the old class (4.89).

But the Earning per treat in 2003 was more 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 red-hot stage with 2.10c in 2004 compared to the wear tercet days with 1.40c. The salary asset backing per share has been maturation during five age period. This financial performance con-firms an improving profit trend all over the past five years as the company focussed on delivering value to its shareholders. The summate taxation in 2004 was $166.9... If you wish to get a skillful essay, nine it on our website: Ordercustompaper.com

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