An Interpretation of the Ghost :: science

Women Employment in India Free Essays

Sexual orientation DISCRIMINATION (Women work in China and India) Sunida Singh Expo36@gmail. com 082 WE FORGET TO TAKE A PHOTO TOGETHER ^ TABLE OF CONTENT Introduction3 Gender discrimination4 Global Women Employment6 Women Employment in China†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦11 Women Employment in India14 * Labor power patterns legislation†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦15 * Management†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. We will compose a custom article test on Ladies Employment in India or on the other hand any comparable subject just for you Request Now . 16 * Changing Work Place†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦17 Successful case to advance ladies business AVON China, the organization for women†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 8 TATA India * About Tata Steel Corporate Sustainability Services18 * Empowerment activities of Tata Steel help ladies to accomplish feat19 * TATA Motors Grihini Udyog†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦20 Conclusion Recommendation26 References27 Introduction This issue of the Gender Discrimination (Women work in China and India) takes a gander at the sexual orientation parts of this effect, and updates pointers on the circumstance of ladies in labor markets. This report reconfirms that sexual orientation disparity stays an issue inside work advertises all around. Ladies endure different inconveniences as far as access to work markets, and regularly don't have a similar degree of opportunity as men to decide to work. Sex contrasts in labor power interest rates and joblessness rates are a tenacious element of worldwide work markets. In 2008, an expected 6. 3 percent of the world’s female work power was not working however searching for work, up from 6. 0 percent in 2007, while the comparing rate for guys was 5. 9 percent in 2008, up from 5. 5 percent in 2007. Sexual orientation wage differentials might be because of an assortment of variables, remembering swarming of ladies for low paying ventures and contrasts in aptitudes and work understanding, however may likewise be the consequence of separation. Given the imperatives ladies are confronting, advancing sexual orientation equity and enabling ladies isn't just a significant objective of the Millennium Declaration in itself, it is likewise vital to accomplishing the new objective on full and gainful business and not too bad work for all, and for all intents and purposes every single outstanding objective and targets. This issue of Gender Discrimination (ladies work in China and India) begins with an examination of worldwide ladies business dependent on presently accessible data. Area two ganders at the ladies work in China and its effect. Followed segments are about ladies work in India and its effect. Fruitful case to advance ladies representatives. A last area finishes up and features various approaches to forestall sexual orientation segregation. Sexual orientation separation Despite the fact that sexual orientation separation and sexism alludes to convictions and mentalities according to the sex of an individual, such convictions and perspectives are of a social sort and don't, ordinarily, convey any lawful results. Sex separation, then again, may have lawful outcomes. In spite of the fact that what establishes sex segregation fluctuates between nations, the embodiment is that it is an unfavorable activity taken by one individual against someone else that would not have happened had the individual been of another sex. Segregation of that nature in certain identified conditions is illicit in numerous nations. Right now, separation dependent on sex is characterized as antagonistic activity against someone else, which would not have happened had the individual been of another sex. This is viewed as a type of bias and is unlawful in certain identified conditions in many nations. Sexual separation can emerge in various settings. For example a representative might be victimized by being posed oppressive inquiries during a prospective employee meeting, or on the grounds that a business didn't enlist, advance or illegitimately fired a worker dependent on their sexual orientation, or bosses pay inconsistent dependent on sex. In an instructive setting there could be claims that an understudy was rejected from an instructive establishment, program, opportunity, credit, understudy gathering, or grant because of their sexual orientation. In the lodging setting there could be claims that an individual was rejected exchanges on looking for a house, contracting/renting a house or getting a credit dependent on their sexual orientation. Some other setting where there have been cases of sexual orientation separation is banking; for instance in the event that one is declined credit or is offered inconsistent advance terms dependent on one’s sex. Some other setting where there is generally sexual orientation separation is the point at which one is would not broaden their credit, declined endorsement of credit/advance procedure, and if there is a weight of inconsistent advance terms dependent on one’s sex. Socially, sexual contrasts have been utilized to legitimize various jobs for people, at times offering ascend to cases of essential and optional jobs. While there are asserted non-physical contrasts among people, significant surveys of the scholarly writing on sexual orientation distinction find just a modest minority of qualities where there are predictable mental contrasts among people, and these relate legitimately to encounters grounded in natural contrast. Nonetheless, there are likewise some mental contrasts concerning how issues are managed and enthusiastic recognitions and responses which may identify with hormones and the fruitful qualities of every sex during longstanding jobs in past crude ways of life. Out of line separation as a rule follows the sex generalizing held by a general public. The United Nations had inferred that ladies regularly experience a â€Å"glass ceiling† and that there are no social orders wherein ladies appreciate indistinguishable open doors from men. The term â€Å"glass ceiling† is utilized to portray an apparent hindrance to progression in work dependent on separation, particularly sex segregation. In the United States in 1995, the Glass Ceiling Commission, an administration subsidized gathering, expressed: â€Å"Over half of all Master’s degrees are presently granted to ladies, yet 95% of senior-level directors, of the top Fortune 1000 mechanical and 500 help organizations are men. Of them, 97% are white. † In its report, it suggested governmental policy regarding minorities in society, which is the thought of an employee’s sexual orientation and race in recruiting and advancement choices, as a way to end this type of separation. In 2008, ladies represented 51% of all laborers in the lucrative administration, proficient, and related occupations. They dwarfed men in such occupations as advertising chiefs; monetary supervisors; and human asset directors. The China’s driving talent scout, Chinahr. com, detailed in 2007 that the normal pay for clerical men was 44,000 yuan ($6,441), and contrasted and 28,700 yuan ($4,201) for ladies. The PwC investigate found that among FTSE 350 organizations in the United Kingdom in 2002 practically 40% of senior administration posts were involved by ladies. At the point when that exploration was rehashed in 2007, the quantity of senior administration posts held by ladies had tumbled to 22%. Transgender people, both male to female and female to male, frequently experience issues which regularly lead to excusals, underachievement, trouble in getting a new line of work, social detachment, and, incidentally, vicious assaults against them. All things considered, the issue of sexual orientation segregation doesn't stop at transgender people or with ladies. Men are regularly the casualty in specific zones of work as men look for work in office and childcare settings generally saw as â€Å"women’s jobs†. One such circumstance is by all accounts clear in an ongoing case concerning claimed YMCA segregation and a Federal Court Case in Texas The body of evidence really includes affirmed victimization the two men and blacks in childcare, in any event, when they breeze through the equivalent severe foundation assessments and different norms of business. It is right now being battled in government court, as of fall 2009, and reveals insight into how a work environment ruled by a greater part (ladies for this situation) at times will apparently â€Å"justify† whatever they wish to do, paying little mind to the law. This might be done as an exertion at self-insurance, to maintain conventional cultural jobs, or some other defective, deceptive or illicit biased thinking. Worldwide Women Employment Gender imbalance stays an issue inside work advertises comprehensively. Ladies endure numerous hindrances as far as access to work markets, and regularly don't have a similar degree of opportunity as men to decide to work. Sexual orientation contrasts in labor power cooperation rates and joblessness rates are an industrious element of worldwide work markets. In 2008, an expected 6. percent of the world’s female work power was not working however searching for work, up from 6. 0 percent in 2007, while the relating rate for guys was 5. 9 percent in 2008, up from 5. 5 percent in 2007. Ladies additionally face requirements as far as divisions of monetary movement in which they might want to work and working conditions which they strive for. Ladies are overrepresented in the horticultural division, and if the more industrialized locales are avoided, practically 50% of female business can be found in this segment alone. Ladies are likewise regularly in a distraught situation as far as the portion of helpless work (I. . unpaid family laborers and own-account laborers)

Sample on To Kill a Mockingbird by Harper Lee Book Report

Sample on To Kill a Mockingbird by Harper Lee Book Report To Kill a Mockingbird by Harper Lee Book Report Mar 11, 2019 in Book Report Introduction Harper Lee is the author of one novel. This fate has characterized only few writers in world literature. However, this story can be associated with the name of Harper Lee. She entered into the literature of the second half of the 20th century along with the names of the writers of the American South and occupied a special place. A book To Kill a Mockingbird is considered a classic of modern American literature. According to the results of one survey, this novel was chosen the best book of the past 20th century. The author is a well-known American writer. To Kill a Mockingbird has brought the worldwide fame its creator who was awarded the Pulitzer Prize. This novel was published July 11, 1960. It was translated into 50 languages. Nowadays, the novel still remains a bestseller. Nevertheless, the literature fame influenced Lee in a strange way. She stopped writing. Thus, this was her first and last novel (Mills, 2011).

Doctrine of Foreign Policy Constructed by U.S. Presidents

There were many presidents of the United States that were able to construct doctrines during their presidency terms in office that defined their individual foreign policy goals and/or aims. Just to name a few there was the Monroe Doctrine of 1823, Truman Doctrine 1947 and the Reagan Doctrine of 1984. For example, the Monroe Doctrine was constructed for two main reasons: 1) John Adams, Secretary of State, suggested the principle that the Western hemisphere was not an option for any further colonization by the European powers and 2) the U.S. would defend the freedom of other nations. The Monroe Doctrine proved its power in the 1900’s when President Roosevelt enforced the doctrine during the Venezuela Border Dispute as well as securing the independence of Cuba from the abusive Spanish rule. During his Presidency, The Ronald Reagan Doctrine was a foreign policy in the United States from 1980 to 1991. The doctrine was to help eliminate communist governments such as Latin America, Africa and Asia which were supported by the Soviet Union (Lagon, 1994). The plan was to implement support to private and open guerilla and resistance movements that were supported by the Soviet in communist countries. Containment was the official policy towards communism and in creating the Reagan Doctrine, the focus started from keeping communism from spreading then it shifted to eliminating existing communist governments. In addition to the eliminations of the communist governments, the UnitedShow MoreRelatedEssay on Presidency of Theodore Roosevelt835 Words   |  4 PagesAfter the assassination of President McKinley, Theodore Roosevelt inherited a growing empire when he took office in 1901. The U.S. had annexed Hawaii in 1898 and Spanish-American War granted the U.S. control of the Phili ppines. It also led the U.S. to establish a protectorate over Cuba and grant territorial status for Puerto Rico. By taking on the Philippine Islands as an American colony after the Spanish-American War he had ended the U.S.s isolation from international politics. Theodore RooseveltRead MoreU.S. Bombing of North Vietnam1454 Words   |  6 PagesOn February 24, 1965, United States President Lyndon B. Johnson authorized Operation ROLLING THUNDER to commence against North Vietnam. ROLLING THUNDER, the longest bombing campaign ever conducted by the United States Air Force, lasted from 1965 to 1968. (Tilford, â€Å"Operation ROLLING THUNDER†) There were several reasons why President Johnson chose to begin an all-out bombing campaign against North Vietnam at this time. The United States wanted to prevent the spread of communism by enforcing theRead MoreAmerica s Changing Foreign Policy2460 Words   |  10 Pages The Monroe Doctrine was an assertion of President James Monroe regarding U.S. foreign policy in 1823. In the Doctrine, the President denounced European powers’ any further attempt to colonize and exploit Latin American countries, while promising not to interfere any existing European colonies in the Americas. The Monroe Doctrine was one of the greatest turning points in American foreign policy as it marked the beginning of America’s rapid development as a world power. Over the past two hundredRead MorePresident Truman And President Dwight D. Eisenhower1027 Words   |  5 Pages President Harry Truman and President Dwight D. Eisenhower were each president during the Cold War. Harry Truman became president during the end of World War II in 1945. His final term ended in 1953. Dwight Eisenhower became president in the midst of the Cold war in 1953 and his last term ended on 1961. Truman was Democratic and Eisenhower was Republican. They each had many occasions when their policies had similar intentions, but they went about th em differently. Each wanted to end the fightingRead MoreCivil Rights : An Appearance1338 Words   |  6 Pagesevidence from both authors, while furthering Dudziak’s argument that the Cold War was instrumental in equality issues. I will also address the importance Hall places on the United State’s image abroad. The federal government’s foreign and domestic actions were constructed to produce an international image of successful democracy, allowing civil rights reform when it was most convenient for the government. African Americans experienced restricted socioeconomic opportunities and civil rights afterRead MoreCauses Of The Cold War1396 Words   |  6 Pages I will analyze the causes of the Cold War from two theoretical perspectives, namely the realist and the constructivist perspectives. Constructivism  is the claim that significant aspects of international relations are historically and socially constructed, and it focuses on the development of structures, the ideas of norms, and the relationship between actors as well as how does identity influences actions and behavior amongst and between actors. A constructivist will argue that the high tension  andRead More Relations Between Turkey and America Essay5063 Words   |  21 PagesTurkey and America from the cold war to current issues I will study on the situations that are developed between America and Turkey starts from the end of the cold war such as â€Å"Truman doctrine†, â€Å"missile crisis† and â€Å"gulf war†.   Ã‚  Ã‚  Ã‚  Ã‚  The policies of United States and the reactions of Turkey’s against that policies will take part in this paper. COLD WAR The Soviet Union and the United States, after World War II, began a military competition. The Soviet Union, after the end of World War II, wishedRead MoreThe Role Of Independent Agencies And The White House Staff Essay1900 Words   |  8 PagesI will also argue America’s expanding international function in response to globalization placed the presidency, responsible for foreign policy, in a newly found position to exercise power. Finally, I will argue that the public perception of the presidency as a â€Å"living reality† (Reedy, p. 10) shifted it from a peripheral political entity to one at the center of policy discussion and leadership. In this essay, I will present examples of the modern presidency in the attributes of administrations fromRead MoreThe Atomic Bomb : A Code Of Honor1373 Words   |  6 Pagesplutonium and the development of the atomic bomb, and he starts to work on it, along with his co workers. â€Å" The ultimate responsibility for our nation s pol icy rests on its citizens and they can discharge such responsibilities wisely only if they are informed. The average citizen cannot be expected to understand clearly how an atomic bomb is constructed or how it works but there is in this country a substantial group of engineers and scientists who can understand such things and who can explain the potentialitiesRead MoreThe Positive Aspects of the Cold War: 1946 - 1991 Describes the positive aspects and outcomes of the cold war, and how it helped to create a stable world economy and political structure.1396 Words   |  6 Pagesnuclear arms race, and the global military build-up all served to create global political stability and economic prosperity. The Marshall Plan created by United States Secretary of State George Marshall and the Molotov Plan created by Soviet Foreign Minister Molotov were both designed to increase their respective countrys spheres of influence. Both plans called for the creation of alliances, treaties, and pacts with as many other countries as possible in order to weaken the enemys political

How I Met My Husband And Araby Analysis - 1550 Words

There is a certain time in everyone’s lives in which they experience the phenomenon known as immaturity. Everyone was once a child and makes thus have a record for making wreckless mistakes. However, as the years pass by, we all have come to realize our mistakes and learned from them in order to mature. In How I Met My Husband and Araby, both authors showed how their main characters developed over time. Each main character from both stories transitioned from a child to a young adolescent. However, each character’s path differs in order to find themselves. For instance, How I Met My Husband is told in the first person point of view and the main character is a girl. Whereas, Araby is told from the perspective of a young boy. Both characters†¦show more content†¦In the story, Munro wrote, â€Å"He put the cake away carefully and sat beside me and started those little kisses, so soft, I can’t ever let myself think about them, such kindness in his face and l ovely kisses, all over my neck and ears, all over†¦.and we lay back on the cot and pressed together, just gently, and he did some other things, not bad things or not in a bad way.† Edie unquestionably liked Chris and made her believe she was an adult because he liked her in return. Similarly, in James Joyce’s Araby, the young boy who isn’t identified, has a crush on a girl that is around his age. However, Chris is much older than her and is aware that he’s twice, if not three times her age. In addition, Edie even admits that, â€Å"I (she) had only kissed a boy on a dare before, and kissed my (her) own arms for practice.† For that reason, Edie has never experienced anything other than a meaningless kiss and isn’t knowledgeable of the situation she is in. In the same way, the boy from Araby is inexperienced with girls and tries to impress her by going to the bazaar she wasn’t able to attend. Nevertheless, at a young age, teenagers are naive and ignorant about the process of growing up and soon enough learn from their mistakes. For instance, Mrs. Peebles tells Edie, â€Å"Calm down. Don’t get hysterical. Calm down. Stop crying. Listen to me. Listen. I’m wondering, if you know what being intimate means. Now tell me. What did youShow MoreRelatedANALIZ TEXT INTERPRETATION AND ANALYSIS28843 Words   |  116 Pagesï » ¿TEXT INTERPRETATION AND ANALYSIS The purpose of Text Interpretation and Analysis is a literary and linguistic commentary in which the reader explains what the text reveals under close examination. Any literary work is unique. It is created by the author in accordance with his vision and is permeated with his idea of the world. The reader’s interpretation is also highly individual and depends to a great extent on his knowledge and personal experience. That’s why one cannot lay down a fixed â€Å"model†

Commercial Banking Free Essays

Assignment 1 Executive Summary The purpose of this report is to evaluate the performance of both Hong Leong Bank and its peer bank RHB Bank for the financial year ended in 2010. The DuPont model is used to provide the information on the bank’s liquidity, profitability, efficiency and leverage status that allows financial analyst to evaluate on the performance of the bank as a result of the changes of these factors. A trend comparison for year 2010, 2009 and 2008 is conducted and evaluated its respective ratios and other financial data. We will write a custom essay sample on Commercial Banking or any similar topic only for you Order Now The peer comparison of financial ratios between RHB Bank amp; Hong Leong Bank is evaluated and analysed to see which bank performs better in 2010. The other key ratios are also calculated in for deep analysis on to see how well these two banks in Malaysia perform in 2010. In addition, its credit risk that includes the risk management and its policy of both banks is then evaluated and compared to see which bank manages its credit risk properly. Finally, this report provides an overview of the performance of both RHB Bank and Hong Leong Bank for the financial year ended in 2010 and conclude which bank perform better in terms of various financial ration and management of credit risk. II II Assignment 1 Part A: Bank Performance Question 1: Dupont Model: a. Dopont Model: The DuPont model analysis is a common form of financial statement analysis and this model provides information on the bank’s liquidity, profitability, efficiency and leverage status that allows financial analyst to evaluate on the performance of the firm as a result of changes in one or more of these actors (Milbourn amp; Haight, 2005). According to Narayanan (2010), the DuPont model provides a starting point to determine the strength and weakness of the firm. It is also a very powerful financial tool to assist financial analyst, shareholders, investors and bankers in understanding the profitability of the firm and a tool that evaluate the firm’s financial statements by comparing the relationships within the income statement and balance sheet, or between the two statements. (Milbourn amp; Haight, 2005). The DuPont Model starts with the return of equity (ROE). The ROE is a strong measure on how well the management of the bank creates value to the shareholders (Pinsent, 2010). It is also a good starting point in the analysis of a bank’s financial condition. ROE is calculated by dividing the net income by total equity (Gup, Avram, Beal, Lambert amp; Kolari, 2007). The formula is as follows. ROE= Net incomeEquity According to Gup et at, (2007), the ROE ratio is equal to the Return of Assets (ROA) ratio times the Leverage multiplier that shows the dollar amount of assets that are financed by each dollar of the equity. The leverage multiplier is one indicator of financial leverage. ROE=ROA x Leverage Multiplier Net IncomeEquity = Net IncomeTotal Assets x Total AssetsEquity Leverage multiplier shows the extent to which the bank relies on debt financing. The higher the leverage multiplier, the more debt the bank is carrying. Leverage Multiplier= Total AssetsEquity The Return of Assets (ROA) measures the bank profits as a percent of its assets and also measures the ability of the firm to use the real financial resources of the bank to generate revenue. It is commonly used to evaluate bank management (Gup et al, 2007). ROA is calculated by dividing net income y total assets. ROA= Net IncomeTotal Assets In the DuPont model analysis, the ROA is expended into another equation: Net IncomeTotal Assets = RevenueTotal Assets x Net IncomeRevenue Thus the DuPont model translates the ROA equation into the following: ROA=Asset Utilisation x Net Profit Margin The net margin ratio shows how much profit the bank makes for every $ 1. 00 it generates from the revenue. Generally, t he higher the ratio, the better the net margin. In order to obtain more revenue, most banks will want to reduce the net income to achieve a higher net margin ratio. Net Margin= Net IncomeRevenue The asset utilisation shows the amount of income the bank generated for every dollar worth of the assets available. This shows the bank’s efficiency in utilising the assets. Basically, the higher the asset turnover, the better the firm use the assets. Asset Turnover= RevenueTotal Assets In order for the bank to increase the ROE, banks need to increase their credit risk; this can be done by providing more loans to customers and subsequently, the bank will earn more income. This will in turn increase the ROA and the same time increases the ROE. Limitations of the Dupont model analysis: * It is based on accounting numbers, which are basically not reliable. * it does not include the Cost of Capital. * Garbage in, garbage out. Assumptions of the DuPont method: * Accounting numbers are reliable. b. Dopont Model Analysis: i. amp; ii. Trend Comparison of Hong Leong and RHB (2008, 2009 amp; 2010): Hong Leong Bank’s data: | 2010| 2009| 2008| | RM’000| RM’000| RM’000| Revenue| | | | Interest income| 2,592,586| 2,937,002| 3,064,785| Non-interest income| 506,979| 511,537| 501,067| Total| 3,099,565| 3,448,539| 3,565,852| | | | | Operating costs| | | | Interest expense| 1,209,792| 1,579,883| 1,688,293| Non-interest expense| 831,139| 806,030| 786,194| Total| 2,040,931| 2,385,913| 2,474,487| | | | | Net profit| 767,817| 659,678| 838,874| Total assets| 77,730,208| 70,732,513| 69,992,756| Equity| 5,815,063| 5,319,288| 4,923,133| RHB Bank’s Data | 2010| | RM’000| Revenue| | Interest income| 4,530,637| Non-interest income| 722,818| Total| 5,253,455| Operating Cost| | Interest Expense| 1,811,153| Non-interest Expense| 1,302,007| Total| 3,113,160| | | Net profit| 1,294,437| Total assets| 105,179,231| Equity| 8,397,474| Dupont Model of Hong Leong Bank 2010| 2009| 2008| Return On Equity: Net incomeEquity| RM767,817,000RM5,815,063,000= 13. 20%| RM659,678,000RM5,319,288,000= 12. 40%| RM838,874,000RM4,923,133,000= 17. 04%| Leverage Multiplier:Total AssetsEquity| RM77,730,208,000RM5,815,063,000= 13. 37times| RM70,732,513,000RM5,319,288,000= 13. 30times| RM69,992,756,000RM4,923,133,000= 14. 22times| Return On Assets:Net IncomeTotal Assets| RM767,817,000RM77,730,208,000= 0. 99%| RM659,678,000RM70,732,513,000= 0. 93%| RM838,874,000RM69,992,756,000= 1. 20%| Asset Utilization:RevenueTotal Assets| RM3,099,565,000RM77,730,208,000= 3. 9%| RM3,448,539,000RM70,732,513,000= 4. 88%| RM3,565,852,000RM69,992,756,000= 5. 10%| Net margin:Net incomerevenue| RM767,817,000RM3,099,565,000= 24. 77%| RM659,678,000RM3,448,539,000= 19. 13%| RM838,874,000RM3,565,852,000= 23. 53%| Dupont Model of RHB Bank | 2010| Return On Equity: Net incomeEquity| RM1,294,437,000RM8,397,474,000=15. 41%| Leverage Multiplier:Total AssetsEquity| RM105,179,231,000RM8,397,474,000=12. 53times| Return On Assets:Net IncomeTotal Assets| RM1,294,437,000RM105,179,231,000=1. 23%| Asset Utilization:RevenueTotal Assets| RM5,253,455,000RM105,179,231,000=4. 9%| Net margin:Net incomerevenue| RM1,294,437,000RM5,253,455,000=24. 64%| c. Analysis and Discussion: Trend comparison of Hong Leong Bank Ratio| 2010| 2009| 2008| Net margin| 24. 77%| 19. 13%| 23. 53%| Asset utilisation| 3. 99%| 4. 88%| 5. 10%| Return on assets| 0. 99%| 0. 93%| 1. 20%| Leverage multiplier| 13. 37times| 13. 30times| 14. 22times| Return on equity| 13. 20%| 12. 40%| 17. 04%| Hong Leong Bank’s net margin is higher in year 2010 (24. 77%) compared to the year 2009 (19. 13%) and year 2008 (23. 53%). It means that operating costs are relatively lower in year 2010 compared to year 2009 and year 2008. Operating costs in the year 2010, 2009 and 2008 are RM2,040,931,000, RM3,448,539,000 and RM2,474,487,000 respectively. This indicates that operating costs are well controlled by Hong Leong Bank in 2010 compared to 2009 and 2008. Thus this shows that the bank run their operations effectively in 2010 that increased its profitability. Hong Leong Bank’s asset utilisation is lower in year 2010 (3. 99%) compared to the year 2009 (4. 88%) and 2008 (5. 10%). It decreased constantly from year 2008 to 2010. The decline in the figures shows that beginning in the year of 2009, the bank did not utilise much of its assets to generate more revenue. Therefore revenue was decreasing from 2008 to 2009. Revenue for the year 2010, 2009 and 2008 are RM3,099,565,000,RM3,448,539,000 and RM3,565,852,000. This shows that the bank well utilised the assets to generate revenue in 2008 compared to 2010. Hong Leong Bank’s return on assets is lower in year 2010 (0. 99%) compared to the year 2009 (0. 93%) and 2008 (1. 20%). This shows that Hong Leong Bank did not do well in managing and utilising its asset base in 2010. Hong Leong Bank’s leverage multiplier decreased from the year 2008 (14. 22times) to year 2009 (13. 30times) and increased back in year 2010(13. 7times). This implies that Hong Leong Bank does not depend too much on debt financing in their activities and carried less debt in their operations in 2009 compared to year 2010 and 2008. Thus, Hong Leong Bank was exposed to more risk in 2008 compared to year 2010. Hong Leong Bank’s return on equity decreased from year 2008 (17. 04%) compared to year 2009 (12. 40%) and increased back in year 2010 (13. 20%). This implies that it did not manage and utilise its equity base and therefore the investors did not get a better return from the Hong Leong Bank in 2010. Overall, Hong Leong Bank performance on profitability was better in 2008 compared to the year 2009 and 2010. Peer comparison Ratio| Hong Leong Bank| RHB Bank| Net margin| 24. 77%| 24. 64%| Asset utilisation| 3. 99%| 4. 99%| Return on assets| 0. 99%| 1. 23%| Leverage multiplier| 13. 37times| 12. 53times| Return on equity| 13. 20%| 15. 41%| Hong Leong Bank’s net margin (24. 77%) is higher than RHB Bank’s (24. 64%). It means that RHB Bank’s operating costs are relatively higher. RHB Bank’s operating costs are RM3,113,160,000 whereas Hong Leong Bank’s operating costs are RM2,040,931,000. Thus, RHB Bank’s operating costs are higher by RM1,072,229,000. This indicates that operating costs are well controlled by Hong Leong Bank compared to RHB Bank. RHB Bank’s asset utilisation (4. 99%) is higher than Hong Leong Bank’s (3. 99%). This shows that RHB Bank used most effectively of its assets to generate more revenue than Hong Leong Bank. RHB Bank’s revenue is RM5,253,455,000 which is higher than Hong Leong Bank’s revenue which is RM3,099,565,000. Hong Leong Bank’s return on assets is 0. 99% which is slightly lower than RHB Bank’s return on assets which is 1. 23%. This can be implied that Hong Leong Bank did not manage and utilise its assets base better than RHB Bank during operations to generate revenue. However, both banks generated low return on the basis of their assets. With total assets of RHB Bank is RM105,179,231,000, it generated revenue of RM5,253,455,000 whereas Hong Leong Bank’s total assets is RM77,730,208,000 and it generated revenue of RM3,099,565,000. Even though, RHB Bank has assets of 1. 35times more than Hong Leong Bank, its return on assets is still low. Thus Hong Leong Bank managed its assets better than RHB Bank. Hong Leong Bank’s leverage multiplier (13. 7times) is higher than RHB Bank’s (12. 53times). Hong Leong bank has leverage multiplier of 0. 84times more compared to RHB Bank. This implies that RHB Bank does not depend too much on debt financing in their activities and carries less debt in their operations. Thus, Hong Leong Bank is exposed to more risk than RHB Bank. Hong Leong Bank’s return on equity is 13. 20% which is lower than RHB Bank’s 15. 41%. RHB Bank has a higher ROE because possibly the bank does not rely too much on debt financing and offers a high return to shareholders of the bank. Thus, shareholders of RHB Bank will be happy and stay with RHB Bank. Shareholders of Hong Leong Bank may sell its shares and leave the bank. Generally, the overall financial performance of Hong Leong Bank is not very well in comparison with RHB Bank (peer bank). It is possible that Hong Leong Bank’s objectives and strategies are different from RHB Bank’s. Question 2: Hong Leong Bank’s data of 2010 Interest earning asset 1:| RM’000| Deposits and placements with banks and other financial institutions| 7,004,664| Securities held at fair value through profit or loss| 6,703,224| Available-for-sale securities| 3,859,367| Held-to-maturity securities| 7,042,610| Loans, advances and financing| 33,589,093| Other assets| 2,014,821| Total| 60,213,779| | | Earning assets 2:| | Interest Income Assets:| | Deposits and placements with banks and other financial institutions| 7,004,664| Securities held at fair value through profit or loss| 6,703,224| Available-for-sale securities| 3,859,367| Held-to-maturity securities| 7,042,610| Loans, advances and financing| 33,589,093| Other assets| 2,014,821| | | Non-Interest Income Assets:| | Investment in subsidiary companies (Note 31) earning dividend| 714,092| Investment in associated company (Note 31) earning dividend| 946,505| Total| 61,874,376| | | Interest sensitive assets 3:| | Cash and short-term funds| 13,421,408| Deposits and placements with banks and other financial institutions| 7,004,664| Available-for-sale securities| 681,619| Held-to-maturity securities| 1,705,674| Loans, advances and financing| 30,712,038| Total| 53,525,403| | | Interest bearing liabilities 4:| | Deposits from customers| 63,239,050| Deposits and placements of banks and other financial institutions| 3,791,129| Bills and acceptances payable| 285,366| Other liabilities| 3,890,295| Total| 71,205,840| | | Interest sensitive liabilities 5:| | Deposits from customers| 54,798,922| Deposits and placements of banks and other financial institutions| 3,784,376| Bills and acceptances payable| 25,453| Total| 58,608,751| | | | | Liquid assets 6:| | Cash and short-term funds| 13,928,247| Deposits and placements with banks and other financial institutions| 7,004,664| Loans, advances and financing (Note 8)| 9,057,329| Available for sales securities| 3859367| Total| 33,849,607| | | Deposits | 7,004,664| Shareholders’ fund = Total equity| 5,815,063| | | Net-write offs 7:| 202,219| NOTES: 1 Interest earning asset are assets that earns interest income. (Note 28 of pg113 of Hong. Leong Bank Annual Report 2010) Earning assets Income earning assets held by a bank typically include interest bearing balances, investment securities and loans. (Note 28 of pg113 amp; Note 31 of pg115 of Hong Leong Bank Annual Report 2010) 3 Interest sensitive assets are the dollar value of assets that either mature or can be repriced within within a selected time period such as one year. 4 I nterest bearing liabilities are those liabilities that have to pay interest. 5 Interest sensitive liabilities are the dollar value of liabilities that either mature or can be reprised within a selected time period usually of one year. Liquid assets are unpledged, marketable short term securities that are classified as available for sale, plus federal funds sold and securities purchased under agreement to resell, a liquid asset can be easily and quickly converted into cash with minimum loss. 7 Net Write Offs is the amount written off under the assets of loans, advances and financing. (Note 8of pg95 of Hong Leong Bank Annual Report 2010) NOTES: 8 Interest Sensitive Assets RM’000 13,421,408 7,004,664 681,619 1,741,674 30,712,038 Interest Sensitive Liabilities RM’000 54,798,922 3,784,376 25,453 Interest Sensitive Assets RM’000 3,421,408 7,004,664 681,619 1,741,674 30,712,038 Interest Sensitive Liabilities RM’000 54,798,922 3,784,376 25,453 RHB Bank’s data of 2010 Interest Earning asset 1:| RM’000| Loans, advances and financing| 71,125,558| Money at call and deposit placements with banks and other financial institutions| 1,539,648| Securities purchased under resale agreement| 2 76,407| Financial assets held-for-trading| 129,583| Financial investments available-for-sale| 8,143,221| Financial investments held-to-maturity| 8,143,221| Total| 89,357,638| | | Earning assets 2:| | Loans, advances and financing| 71,125,558| Money at call and deposit placements with banks and other financial institutions| 1,539,648| Securities purchased under resale agreement| 276,407| Financial assets held-for-trading| 129,583| Financial investments available-for-sale| 8,143,221| Financial investments held-to-maturity| 8,143,221| Total| 89,357,638| | | Interest sensitive assets 1:| | Cash and short-term funds| 10,270,874| Securities under resale agreement| 276,398| Deposits and placements with banks and other financial institutions| 777,779| Financial investment available-for-sale | 1107052| Held-to-maturity securities| 3833825| Loans, advances and financing| 52741914| Total| 69,007,842| | | Interest bearing liabilities 4:| | Deposits and placements of banks and other financial institutions| 6,158,453| Deposits from customers| 80,567,577| Subordinated obligations| 3,018,157| Recourse obligation on loans sold to Cagamas Berhad| 818,503| Hybrid Tier I Capital Securities| 605,407| Long term borrowings| 819,362| Others liabilities| 868,165| Total | 92,855,624| Interest sensitive liabilities 2:| | Deposits from customers| 63,270,532| Deposits and placements of banks and other financial institutions| 5558376| Bills and acceptances payable| 2934533| Recourse obligation on loans sold to Cagamas Berhad| 147030| Long term borrowings| 817127| Total| 72,727,598| | | | | Liquid assets 3:| | Cash and short-term funds| 11093561| Securities purchased under resale agreements| 276,407| Deposits and placements with banks and other financial institutions| 782,462| Financial assets held-for-trading| 119,374| Financial investment available-for-sale| 1176035| Financial investment held-to-maturity| 3854749| Loans, advances and financing| 14124170| Other assets| 88835| Derivative assets| 190637| Total| 31,706,230| | | Deposits | 1,539,648| Shareholders’ fund = Total equity| 8,397,474| | | Net-write offs 7:| 1,033,573| NOTES: 1, 2, 3 – Please refer to appendix. | Hong Leong BankRM’000| RHB BankRM’000| Interest earning assets| 60,213,779| 89,357,638| Interest bearing liabilities| 71,205,840| 92,855,624| Earning Assets| 61,874,376| 89,357,638| Interest sensitive assets (RSA)| 53,525,403| 69,007,842| Interest sensitive liabilities (RSL)| 58,608,751| 72,727,598| Liquid assets | 33,849,607| 29,990,240| Shareholders’ fund| 5,815,063| 5,815,063| Net-write offs| 202,219| 1,033,573| Operating Income| 3,099,565| 5,253,455| Operating Expense| 2,040,931| 3113160| Other key indicators for the year ended 2010: Bank efficiency| Hong Leong Bank| RHB Bank| Efficiency ratio:Operating expenses Operating income| RM2,040,931,000RM3,099,565,000= 65. 85%| RM3,113,160,000RM5,253,455,000= 59. 26%| Cost to assets ratios:Operating expenses Total assets| RM2,040,931,000RM77,730,208,000= 2. 63%| RM3,113,160,000RM105,179,231,000= 2. 96%| Efficiency ratio measures the changes of costs in relation to income. Hong Leong Bank has an efficiency ratio of 65. 85% while RHB Bank is one with the lower which is 59. 26%. This implies that Hong Leong Bank’s rate in increasing the operating income is at lower rate compared to RHB Bank. In terms of rate of increase in operating income, Hong Leong has the lower efficiency compared to RHB. Cost to assets ratio is used to measure the costs incurred in relation to the assets size. RHB Bank has a higher cost to assets ratio that is 2. 96% compared to Hong Leong Bank that has a figure of 2. 63%. Therefore in term of cost of control relative to the total assets owned, Hong Leong is more efficient than RHB Bank. Interest differentials| Hong Leong Bank| RHB Bank| Net interest income:Interest earned -Interest expense| RM2,592,586,000 -RM1,209,792,000= RM1,382,794,000| RM4,530,637,000-RM1,811,153,000= RM2,719,484,000| % of interest margin:interest earned – interest expenses Earning assets| RM2,592,586,000-RM1,209,792,000RM61,874,376,000= 2. 23%| RM4,530,637,000-RM1,811,153,000RM89,357,638,000= 3. 04%| %interest spread(interest earned/interest earning assets) – (interest expense/ interest bearing liabilities)| (RM2,592,586,000/RM60,213,779,000)-(RM1,209,792,000/RM71,205,840,000)= 2. 1%| (RM4,530,637,000/RM89,357,638,000)-(RM1,811,153,000/RM92,855,624,000)= 3. 12%| Net interest income refers the difference between revenue that is generated from the bank’s assets and expenses associated with paying out its liabilities. In the table above, RHB Bank’s net income is RM2,719,484,000 which is higher than Hong Leong Bank which have a figure of RM1,382,794,000. This means that RHB Bank has higher excess revenue and interest in come after deducting interest paid on deposit from interest earned on assets. Percentage interest margin shows the dollar difference between interests earned and interest expense, as a percentage of earnings assets. Hong Leong Bank’s% interest margin is 2. 23% which is lower than RHB Bank which is 3. 04%. This implies that RHB Bank made a better investment than Hong Leong Bank due to higher percentage interest margin. Percentage interest spread refers to the difference in borrowing and lending rates of financial institutions (such as banks) in nominal terms. RHB Bank’s % interest spread is 3. 12% which is higher than Hong Leong Bank’s 2. 23%. Risk management| Hong Leong Bank| RHB Bank| Interest rate riskinterest sensitive assets interest sensitive liabilities| RM53,525,403,000RM58,608,751,000= 0. 91| RM69,007,842,000RM72,727,598,000= 0. 95| Credit risk net write-offs total assets| RM202,219,000RM77,730,208,000= 0. 26%| RM1,033,573,000RM105,179,231,000= 0. 98%| Liquidity risk :liquid assets/total asset liquid assets/deposits| RM33,849,607,000/RM77,730,208000= 0. 44RM33,849,607,000/RM7,004,664,000= 4. 83| RM29,990,240,000/RM105,179,231,000= 0. 29RM29,990,240,000/RM1,539,648,000= 19. 48| Capital risk :shareholders’ funds total assets| RM5,815,063,000RM77,730,208,000= 7. 48%| RM8,397,474,000RM105,179,231,000= 7. 8%| Interest Sensitivity ratio measures the interest rate risk and it measures the level of repricing irregularities between the bank’s assets and liabilities. RHB bank has an interest sensitivity ratio of 0. 95 while Hong Leong has 0. 91 which is slightly lower than RHB Bank. This implies that RHB Bank can replace assets with higher yielding asse ts quicker than replacing the low cost deposits with more funds compared to RHB. Credit risk refers to risk of loss of principal due to the borrower’s failure to repay the loans or otherwise meet the contractual obligation. RHB bank has a higher credit risk which stands at 0. 8 % compared to Hong Leong that has a lower figure of 0. 26%. This shows that Hong Leong is better in managing its credit risk compared to RHB. Liquidity ratio is used to measure the ability of the bank to repay off its short term obligations. RHB Bank has lower liquidity ratios of 0. 29 while Hong Leong has a higher ratio of 0. 44. This shows that Hong Leong has higher liquid assets to meet short term obligation and able to repay all short term debt in time compared to RHB Bank. The capital risk ratio is used to calculate the capital risk and it measures the financial stability of the bank. RHB Bank has a higher simple capital ratio that has a figure 7. 98% compared to Hong Leong bank that has a value of 7. 48%. This implies that RHB is well protected against any operating losses incurred than Hong Leong. Overall, in terms of risk management RHB Bank is performing well compared to Hong Leong Bank for the year ended 2010. Question 3: Comparison of forms of loans between RHB and Hong Leong Bank OverdraftsTerm loans/financing-Housing and shop loans/financing- Syndicated term loans/financing- Hire purchase receivables- Lease receivables- Other term oans/financingCredit/charge card receivablesBills receivableTrust receiptsClaims on customers under acceptance creditsBlock discountingRevolving creditStaff loans/financingFloor stockingOther loans/financingUnearned interest and incomeGross loans, advances and financingFair value changes arising from fair value hedgesUnamortised fair value changes arising from terminated fairvalue hedgesAllowance for impaired loans and financing- individual impairment allowance-collective impairment allowance-general allowance-specific allowanceAllowance for bad and doubtful debts and financing:- specific- generalTotal net loans, advances and financing| RHB Bank (RM’000)5,976,56915,908,732835,5889,322,667-29,854,4431,644,4651,418,203325,1774,130,205-3,491,071336,5281,56973,245,217-(682,522)(1,437,137)—-71123,989| Hong Leong Bank (RM’000)2,086,55016,933,8161,458,6333,284,687-1,653,6902,017,519211,01992,9823,184,6968,2181,219,78096,668-44,390(613,549)31,679,09928,3858,714—(306,807)(471,305)30,938,086| Credit risk is the risk of financial loss due to a borrower or counterparty being unable or unwilling to deliver on its payment obligations to the Bank, which leads to a loss of revenue and the principal amount. It arises principally from lending, trade finance and treasury activities (Hong Leong Bank Annual Report 2010 pg. 150). Based on the above table shows the comparison of the total amount of loans for Hong Leong Bank and RHB Bank for the financial year ended 2010. RHB Bank has the highest number of loans that stands at RM71,125,558,000 while Hong Leong Bank has a total of RM 33,589,093,000. However, based on the credit risk ratio RHB Bank has a higher credit risk which stands at 0. 98 % compared to Hong Leong that has a lower figure of 0. 26%. This shows that Hong Leong is better in managing its credit risk compared to RHB Bank RHB Bank has 2. 1times more loans than Hong Leong Bank, but it’s credit risk is 3. 76times more than Hong Leong Bank. It implies that Hong Leong is better in managing its credit risk and loan portfolio because most borrowers able to pay back the loan to the bank. Therefore, Hong Leong provided the best of the credit risk quality. In order for the bank to increase and strengthen the risk management practices, RHB Bank ensures to maintain the credit quality of its loan portfolios, improve cost effectiveness, and ensure the liquidity and capital stay strong throughout the financial year in 2010. Therefore, RHB Bank manages risk through clearly defined guidelines that are approved by the Board of Directors, through a framework of established control and reporting process. Hong Leong Bank also gives a strong priority for managing effectively in credit management. It is also managed by high-experience personal with high level review undertaken by the Management Credit Committee under the supervision of the Board Credit Supervisory Committee. The bank integrated risk management structure is similar to RHB Bank whereby credit risk framework that is compliant with Bank Negara Malaysia’s guidelines on ‘‘Best Practices for the Management of Credit Risk†. The Group Risk Management Committee (GRMC) had been established by RHB Bank for risk oversight within the bank. Among the committees of this group are namely the Group Credit Risk Management Committee (GCRMC), Group Operational Risk Management Committee (GORMC) and Group Assets and Liabilities Management Committee (GALCO) assist the GRMC in managing credit risk, operational risk as well as market and liquidity risk. The committee ensures the development and implementation of risk policies as well as the effectiveness of policies. Among the exposure of credit risk in RHB Bank may be categorized as primary exposure. Loans, advances and financing are the credit risk that arises in the primary exposure. Most of the lending activities in the bank are guided by the Group’s Credit Policies and Guidelines, in line with Best Practices in the Management of Credit Risk, issued by Bank Negara Malaysia. The credit risk policy includes an overview of the lending organisation, and the responsibilities of the parties in the organisation whereby the Board have a loan committee that oversees major new loan and renewals and the performance of the loan portfolio (Gup et al, 2007). Example, Hong Leong will be redeveloping a new credit risk system for corporate and commercial borrowers while for the retail segment, the bank has implemented a credit application and behavioural scoring system in order to improve the Bank’s ability to control credit losses within predictive ranges and achieve a well balanced portfolio. This is accordance to the Basel II that RHB Bank is also practising whereby every bank requires to hold adequate capital in order to fulfil the minimum capital adequacy of the bank. This is also supported by Hassan amp; Muhammad, (2007) whereby bank loans are the most largest and obvious credit risk. Therefore the Basel II is required so that most banks will know how much capital they must hold. The Bank’s credit risk management process is documented and processed In the Credit Manual. One of the functions of the Credit Manual that is introduced by Hong Leong Bank is to set out the lending policies, lending authorities, credit risk rating, credit reviews, collateral, credit administration and security documentation, and timely rehabilitation and restructuring of problematic and delinquent accounts. Apart from that, this is to ensure that structures are there to maintain to enhance the Bank’s risk assessment capabilities in key areas of credit that includes sound credit policies and procedures, quality credit approvals, appropriate risk measurement. ARHB Bank does not have this Credit Manual but they form a second line defence that formulate the risk management policies. The function of an internal audit is to provide independent reviews of the quality of the loans (Gup et al, 2007). Based on the Hong Leong Bank Annual Report (2010), it states that Internal Audit conducts independent post to reviews on the financial statements and the capital of the bank. This is to ensure that the qualities of credit risk and approval standards are in accordance with the credit standards and the lending policies and directives established and approved by the Bank’s management and Board of Directors. Question 4: Conclusion In conclusion, the performance of Hong Leong Bank for the financial year ended in 2010 is not as good as its peer bank RHB Bank. This is due to that the ROE is lower compared to RHB Bank. This can be improved by not relying too much on debt financing for its operations and to provide more return to investors. Also, Hong Leong Bank did not create much value to the shareholders due to low ROE. However, only the net margin part is the main strength of Hong Leong compared to RHB Bank This indicates that operating costs are well controlled by Hong Leong Bank compared to RHB Bank. This is a good indicator as this prevents wastage and smartly uses the assets to generate more income. The liquidity ratio for both the banks are below 1 which is not safe for both banks because they cannot meet the requirements to pay off the obligations and current assets are less than current liabilities they having. Based on the ratio analysis for year 2009 to 2010, the ROE, ROA and net margin ratio shows a good improvement due to economic boom and inflation happens during the period. However, in 2009, most of the ratio for Hong Leong Bank declines because may be due to economic recession and the decline in the economic activity of the bank. For the credit risk, RHB Bank did not manage its credit risk well compared to Hong Leong based on the credit analysis. RHB could improve their credit risk by having an internal audit to check on the loan defaulters and the accounts. Personal experience of visiting banks We visited Hong Leong Bank and RHB Bank in Ampang branch and Cheras branch. We asked the branch manager of RHB Bank for more details of their items on balance sheet and income statement. She did not know what items are called interest earning assets in Balance sheet. She does not know Income Statement and Balance Sheet. I was surprised, she is a manager and she does not know. She was kind enough to call the headquarter of RHB Bank and made me speak to the person in charge of financial statements. Well, I was told that each bank has different items calling interest earning assets and liquid assets. He cannot release those details. The RHB Bank and Hong Leong Bank in Ampang Branch have 400 to 500 customers daily and they are overcrowded during lunch hours. However, the RHB Bank has 100-150 customers daily and Hong Leong Bank has 50-100 customers daily in Cheras branch. Most customers come during the lunch hours. Ampang branch has more customers compared to RHB Bank. Thus it depends on location, the number of customers visit banks. Below are the cards of Hong Leong bank and RHB Bank: Ampang Branch Cheras Branch Part B: Virtual Bank Balance Sheet |   |   | |   |   |   | | Liabilities| |   | | Asset| | 1. Deposit| | |   | 1. Gold and foreign exchange| i. Current deposit | |   | 2. Cash and Liquid Assets| | ii. Fixed deposit| |   | 3. Securities| | iii. Certificates of deposit|   | i. Trading securities | | iv. Other deposits such as call deposits, cash| ii. Investment securities | | management accounts and savings account| iii. Short term discount security| 2. Non-deposit liabilities| |   | iv. Long term bonds or notes| Liabilities due to clearing houses and financial| 4. Loans and advances| | institutions and rank in priority after deposit| i. Overdraft | | i. Repurchase agreements|   | ii. Credit card outstanding| ii. Promissory notes| |   | iii. Housing finance | | iii. Liabilities on bill acceptances|   | iv. Other term loans| | iv. Corporate bonds and other long-term borrowings| v. Lease and hire purchase finance | 3. Due to other banks| |   | 5. Due from other banks| | 4. Trading derivatives| |   | 6. Trading derivatives| | 5. Other financial liabilities at fair value| 7. Other financial assets at fair value| 6. Other borrowings| |   | 8. All other asset| | 7. Bonds, notes, and subordinated debt| 9. Due from customer on acceptance | 8. Other debt issues| |   | | | | 9. All other liabilities| |   | | | | 10. Goodwill and other intangible asset| | | | | | |   | | | | | | |   | | | | | Capital| |   | | | | Capital acts as a buffer against unexpected losses and| | | | protects against insolvency. |   | | | | i. Debt capital : borrowed funds|   | | | | ii. Equity capital : shareholders’ fund| | | | NOTES : Asset 1. Changes in this item reflect transactions of the following kinds: a. the Bank’s transactions in foreign exchange and foreign securities (including under repurchase agreements); b. earnings on foreign currency investments; and c. hanges in the valuation of foreign currency and gold, and changes in the market prices of the Bank’s holdings of foreign currency securities. 2. Liquid assets are assets that can be converted into cash quickly without loss of value 3. i. Trading securities : banks plans to sell before maturity ii. Investment secur ities : banks plan to hold till maturity iii. Short term discount securities : pay face value at maturity iv. Long term bonds or notes which pay coupons during the life of the security and the face value of maturity. 4. Includes loans, deposits with central banks and other regulatory authorities and settlement account balances due from other banks. Amounts due from other banks are initially recognised at fair value and subsequently measured at amortised cost. Advances: non-derivative financial assets with fixed payments that are not quoted in an active market i. Overdraft : – borrower can draw up to the limit * Interest payable on amount drawn * Commitment fee is payable on the undrawn amount| ii. Credit card outstanding: – borrower can purchase on credit| or take cash in advance -form of revolving credit -Interest payable on amount drawn -annual fee may be charged | | | | iii. Housing finance : – Mortgage where the collateral is real estate – loan application fees are charged – variable rates(up to 30 years) – fixed rates(3-5 years)| iv. Other term loans : – example such as fully drawn advance – maturity of 5-8 years – a single loan of a specific dollar amount – fixed interest rate – application fees, establishment fees – repayment maybe fully amortised or structured to match the profits Generated by project being finance. | v. Lease and hire purchase finance : – secured loans where the collateral is an asset – term of loan related to the life of the collateral – fixed interest rate – application fees, establishment fees| | | 5. Trading derivatives have not been shown by contractual maturity because they are typically held for various periods of time. 6. Also called as market related contingencies such as futures, swaps, options, forward rate agreements 7. example: land, buildings 8. Due from customer on acceptance : customer who wants to borrow from the bank may be offered a â€Å"bill facility† and the customer must agree to repay the bank. The bank is the acceptor(promise to pay the holder the face value Liabilities: Deposit: 1. Current deposit : – No maturity and no minimum balance – Withdrawals by writing a cheque or through electronic transactions – May be interest bearings(variable interest rate) or non-interest bearing 2. Fixed deposit : – Minimum amount – Specific term eg. 1-5 years – Early withdrawals incur a penalty – Fixed interest rate 3. Certificates of deposit : – Face value at least $100,000 – Maturities between 14-270 days – Fixed interest rate – Originally issued at par but may trade above or below depending on Market yields. At maturity, receives face value plus interest 4. The deposits : a) Call deposit – must give notice of withdrawal, variable interest rate b) cash management accounts – minimum balance requirement, variable interest rate linked to money market yields c) savings account – no minimum balance or notice of withdrawal requirements – variable interest rate Non-Deposit: i. Repurchase agreements : – banks borrow for a short period (5 years) – sell securities with an agreement to repurchase on agreed date at agreed price ii. Promissory notes : – discount securities – bank sells to the market iii. Liabilities on bill acceptance : -bank is the acceptor and pays face value at maturity iv. Corporate bonds and other long term borrowings : example domestic bonds, eurobonds Due to Other Banks: Includes deposits, vostro balances, repurchase agreement and settlement account balances due to other banks. Trading derivatives: Financial liabilities at fair value are financial liabilities held for trading if it is acquired or incurred principally for the purpose of selling or repurchasing it in the near term. | Other financial liabilities at fair value Borrowings are initially recognised at fair value, net of transaction costs incurred. It is subsequently carried at amortised cost, any difference between initial recognised amount and the redemption value is recognised in the profit or loss. For example: borrowing from reverse bank, other banks, or borrowing from outside of the country. Other financial liabilities at fair value: Short term and long-term debt issues of the group including commercial paper, notes, term loans, medium-term notes, mortgage backed securities and other discrete debt issues. All other liabilities: I) Bills Payable (drafts, telegraphic transfers, mail transfers payable, pay slip, bankers cheques, other miscellaneous items, etc) II) Inter-Office (The inter-office adjustments balance, if in credit, should be shown under this head. Only net position of interoffice accounts, inland as well as foreign should be shown here) III) Interest Accrued (Includes interest due and payable and interest accrued, but not due on deposits and borrowings Includes net provision for income tax and other taxes like interest tax (less advance payment, tax deducted at source, etc. ) IV) Deferred Tax (surplus provisions in bad debts provision account, surplus provisions or depreciation in securities, Contingency funds which are not disclosed as reserves but are actually in the nature of reserves, proposed dividend/transfer to Government. ) V) Others (which are not disclosed under any of the major heads such as unclaimed dividend, provisions and funds kept for specific purposes, unexpired discount, outstanding charges like rent, conveyance, etc. certain types of deposits like staff security deposits, margin deposits, etc) Goodwill and other intangible asset: Goodwill arises on the acquisition of an entity and represents the excess of the aggregate of the fair value of the purchase consideration and the amount of any non-controlling interest in the entity over the fair value of the Group’s share of the identifiable net assets at the date of the acquisition. Capital Debt capital : borrowed funds, ranks higher than equity capital for the repayment of annual returns. Equity capital : -shareholders’ fund which represents the remaining interest in assets of a company. -permanent commitment of funds -earns the residual income of the firm after all interest and other costs -main components includes issue share, reserve and retained earnings References Hong Leong Bank. (2011). Annual Report: 2010. Retrieved September 14, 2011 from http://www. hlb. com. my/data/ar2010. pdf RHB Bank. 2011). Annual Report: 2010. Retrieved September 12, 2011 from http://www. rhb. com. my/corporate_profile/investor_relation/pdf/annual_reports/2010/RHB%20 Bank%20Berhad%202010. pdf Gup, B. E. , Avram, K. , Beal, D. , Lambert, R. , ;amp; Kolari, J. W. (2007). Commercial Banking. Milton, Qld: John Willey ;amp; Sons Hassan, H. , ;amp; Mohammed, F. (2007). Banks’ risk management: a comparison study of UAE national and foreign banks. The Journal of Risk ;amp; Finance, 8(4), 394-409. Hong Leong Bank Berhard. (2009). Annual Report: 2009. Retrieved September 14, 2011 from http://www. hlb. com. my/data/ar20091. pdf Milbourn, G. , ;amp; Haight, T. (2005). Providing Students with an Overview of Financial Statements Using the Dupont Analysis Approach. The Journal of American Academy of Business, Cambridge. 9(3), 46-50 Narayanan, L. (2010). How DuPont Analysis Reveals Return on Equity Ratio. Managing Credit, Receivables ;amp; Collections. 2(1), 12-14. Pinsent, W. (2010). Decoding DuPont Analysis. Retrieved September 2, 2011, from http://www. investopedia. com/articles/fundamental-analysis/08/dupont-analysis. asp Class Dupont. (2010). Current Financial Accounting. Retrieved September 10, 2011, from http://www. sjrbiz. info/Current%20Classes/Financial%20Accounting%20Class/Dupont%20Model%20in%20a%20Nutshell. pdf How to cite Commercial Banking, Papers

Questions On The Origin Of Life And Of The Universe Must Have Challeng

Questions on the origin of life and of the universe must have challenged human curiosity and imagination as soon as early man had time for activities other than survival. In 1859, Charles Darwin published the Origin of Species, and since then, people have debated between the creationism and evolutionism theories. The theory of evolution has been supported only through various religious writings, particularly the Bible. Creationists believe in a divine creator, God. Creationism has a broad range of beliefs involving a reliance on God's miraculous work to explain the origin of the universe, of life, and of the different kinds of plants and animals on Earth. According to the creationist view, God willed everything into existence, and this is how humans came onto the Earth. Creationists say that the evolution theory is biased and incomplete. They believe that the fossil records fail to provide a link between diverse groups. To find out how old fossils are, scientists use a method called radioisotope dating, which measures the amount of uranium or lead lost over the years. Creationists deny evidence from this testing because they assume no uranium or lead has been lost over the years. The process of evolution, which all living things developed from unicellular organisms, over billions of years Exactly how evolution occurs is still debated but it is a scientific fact that it does occur. Most biologists believe that the modern theory of evolution arose from a history of mutations either physically or chemically and it is still occurring. All organisms can be traced back to a common ancestor from inanimate matter. The science of paleontology or the study of life provides the most direct proof of evolution in the past through fossil remains or impressions, usually in rock. Other evidence comes from comparative studies of living animals and plants, including their structure and geographical locations. "Mollusks and vascular plants account for more than 80 percent" (Futuyma 87) of the world's species, with about "1.4 to 1.8 million species" (Futuyma 87) in all. Changes occur in living organisms to help increase their adaptability, or potential for survival and reproduction, in the face of changing environments. Evolution apparently has no built-in direction or purpose. A given kind of organism may evolve only when it occurs in a variety of forms differing in hereditary characteristics, or traits, that are passed from parent to offspring. By chance, some varieties prove to be poorly adapted to their current environment and thus disappear, whereas others prove to be adaptive, and their numbers increase. The elimination of the unfit, or the "survival of the fittest," is known as natural selection because it is nature that discards or favors a particular variant. Basically, evolution takes place only when natural selection operates on a population of organisms containing diverse inheritable forms. Creationists have gone back to the basic laws of nature to see if evolution is physically possible given enough time and opportunity. The one major problem that they see is the 2nd Law of Thermodynamics. It states, "All natural systems degenerate when left to themselves". This is why everything falls apart and decays over time. Creationists point to death as being the ultimate manifestation of this law. This physics principle does not allow for something as complex as the human eye to originate from something simple. The eye must follow the tendency for complete degeneration. Creationists see a downward spiral for every living and non-living creation. Everything breaks down into simpler substances; they do not become more complex. Creationists say that, in the real world the long-term flow is downhill, not uphill. An experimental and physical observation appears to confirm that the law is indeed universal, affecting all natural processes in the long run. The evolutionists do not see the Second Law of Thermodynamics as a contradiction to evolutionary processes, because as it "specifically states that the entropy of a closed system cannot decrease. The law pertains to closed systems. The earth, and therefore evolution, is not a closed system" (Creation Science FAQ) As we know, there are no closed system on earth, "so in no way can any living system on Earth directly violate the second law" (Creation Science FAQ) Therefore, this argument is invalid. The age of the universe, perhaps billions of years