Company finance

Unit 5

VIII. Find words and phrases in text II corresponding to the following definitions

1. any of various alloys based on iron containing carbon

2. lack of effectiveness or success

3. a metallic material, such as steel, brass, or bronze, consisting of a mixture of two or more metals or of metallic elements with nonmetallic elements.

4. to grind or wear down or away or become ground or worn down or away

5. a strip or margin; border

6. a vertical passageway into a mine

7. the condition of being used up; consumption

8. to protect against financial loss through future price fluctuations, as by investing in futures

9. a small piece of something larger; fragment

10. a device using three-way catalysts to reduce the obnoxious and poisonous components of the products of combustion (mainly oxides of nitrogen, carbon monoxide, and unburnt hydrocarbons) from the exhausts of motor vehicles

Listening

I. Listen to the text and write a short review on Kuala Lumpur trading in palm oil.

II. Listen to the recording and write down information about:

1. The 15 primarty products mentioned in the report.

2. The four different rates of tax mentioned.

3. The effects of different taxes on income for the exporting countries.

4. Reasons for the rise or fall in income.

Speaking

A) Read the following and answer the question "Why?" according to the plan.

Grain trade.

Filling granaries, not stomachs.

Thanks to good harvests, world grain prices have fallen. Yet some importing countries are still going short. Instead of shooting up — as happened during the past two decades, the amount of grain traded internationally this year will be no higher than last year, and 7% lower than in the record year of 1981. Why?

Plan

1. Stockpiles.

2. Policy changes under the food importers.

3. Exporters' subsidies.

4. Dollar.

b) Make a 2 -4 minute report on the following topics:

1. Financial instruments and ways of investment.

2. Commodity markets in Russia: modern tendency of developing.

Writing

1. Using information from the recording write a short report for your imaginary client dealing with tea export.

2. Don't forget to give a title to your report, briefly summarise the information and give your recommendations in the end.

Lead-in

Work with a partner to discuss the following questions:

1. What finance and lease options can you suggest for customers equipment and assets?

2. Does leasing equipment offer business a competitive edge by minimizing tax liability, conserving credit and capital, and protecting against equipment obsolescence?

3. Suggest a convenient way to acquire the equipment business needs without all the hassles.

4. What financial programs can offer significant benefits related to economics, liquidity, cash flow, overall financial statement management, and capital creation?

Useful language

loan capital	заемный капитал
convertible bonds	конвертируемые облигации
nominal value	номинальная стоимость
rights issue	предложение новых акций акционерам пропорционально пакетам акций, которые они уже имеют (обычно по более низкой цене)
rule-of-thumb	произвольное решение произвольный, приблизительный
defunct	вышедший из бизнеса
mesh	поймать в сети; опутывать сетями
lucrative	прибыльный, доходный, выгодный
to live up (new) demands	отвечать (новым) требованиям
slog	сильный удар
to weed out	избавиться от чего-либо, удалить
gung-go	полный желания, ретивый
flagship	самый крупный (важный), флагман
accounting profit	бухгалтерская прибыль
backward shifting	сдвигание назад
buffer stocks	резервные запасы

bonus issue	бонусная эмиссия акций: выпуск новых акции, предлагаемых имеющимся акционерам компании (по цене ниже рыночной или бесплатно)
equity capital	акционерный капитал
face value	нарицательная стоимость, номинальная стоимость
gearing	отношение заемного капитала компании к ее акционерному капиталу; гиринг
deregulation	сокращение объёма вмешательства государства в экономику

Reading

Дата добавления: 2014-12-24