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Tuesday, January 31, 2012

Christopher Columbus

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When Christopher Columbus landed in the Bahamas in 14, this started a series of great comparisons and contrasts between this explorer and others.


Columbus saw himself as a divinely religious person sent by God not to discover a new world, but to “be the messenger of a new heaven and a new earth” and that God would show him where to find it. His numerous religious observances and constant reminders to others that he was a “Christ-bearer” could make one conclude that this mystic is more of a medieval man, than a renaissance man. However, although Columbus might have been highly medieval in his ways, he was also a renaissance man as well. He studied heavily in the sciences of navigation, cosmology, and ancient texts, and like most renaissance men, dreamed of wealth and power.


Upon exploring the different islands, it seems that most every island Columbus claims, he claims for or names in honor of God or of the crown. This helps to justify Columbus’ religious and honorable reasons for his explorations of what he thought was the Far East (India and China). It can be believed his letter and descriptions helped to justify his findings as well.


The way the “Indians” dressed (mostly naked) and their language difference may have also helped Columbus determine he was in East Asia. He also viewed the spices, gold, cotton, etc. (mainly gold) he received as his and his men’s reward from God for his travels. Plus, the “Indians” viewed Columbus and his men as persons from heaven.


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Unfortunately, Columbus’ findings were not completely accurate. The world was much larger than Columbus had anticipated, and it was not in the shape of a pear. He used his comparisons to medieval maps (based upon the Bible and other European explorer’s reports), to constitute his findings about his bearings in the world. For an easier comparison, a child may think that a quarter past the hour is twenty-five minutes past the hour, since a quarter means twenty-five cents of a dollar. So if twenty-five cents is a quarter, why not twenty-five minutes? In both of these cases, the child and Columbus were right within their own reasoning, but generally wrong in the long run.


Columbus failed to fully realize this mistake throughout his life until his death, so sadly, if he had only corrected his way of thinking, the naming of the new nation (America), may have been reserved for him and this country may have been called Columbia, or Christophia, or some other fancy name.


I wonder too what Columbus could have done to prevent this mistake. Had he not traveled to Asia before? Would he not have thoroughly examined the explorations of others to Asia through the current trade routes and observe their descriptions of the Asian and Indian peoples and cultures? Would he not have had samples of writings and languages from there as well? Perhaps this would have prevented also the humiliation that was to be written into history.


Unlike his exploration predecessor, Amerigo Vespucci seems entirely a renaissance man. This nobleman born man was described as subtle, ironic, balanced and a rational sprit. He did not write about or claim to explore the new world for anyone or any specific reason, other than for pure scientific study.


If Vespucci mentioned attaining gold as a goal, it was quite rare. One would think that his less outspokenness of exploring for God, gold, and glory may have kept his head clear and might be a reason as to why his descriptions of the new world were more accurate. Columbus was probably so clouded with the thoughts of “I’m doing this for God, gold and glory,” and was so outspoken about it, that he might have as well just said, “I’m doing this for me, me, me and it’s mine, mine, mine.” Vespucci did not do this, hence this left him better able to collect and analyze and observe the data in which he collected. So in the sense that “good things come to those to wait,” Amerigo Vespucci’s lack of aggressiveness to be in the spotlight of exploration, earned him the honor of a new nation being named for him.





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mustpha mond- an outsider?

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The character of Mustopha mond is unique; very much like the commander in The Handmaids Tale by Margaret Atwood. Despite being one of the ten world controllers, the epitome of the society he created, he is the exception to the rule. All the outsiders in Brave New World are aware that they are different and all of which act upon that feeling and are punished. However, Mustopha doesnt, in fact he is the one who punishes the Bernard, John and Helmholtz. The phrase its lonely at the topmay apply to Mustopha, but his representation throughout the novel, is one of consistency and we like him. Unlike some of the other characters in the text. Bernard for example, he starts off as the main character and switches from a lonely, haunted and vulnerable character to a self-obsessed and conceited one. John, his self-punishment is jarring to a modern-day audience and as readers we seperate become distant from him and withdraw much of our empathy.


Mustopha Mond is the only consistant character who is aware of his place in society in its true context. He is highly hypocritical yet he is in the position to be able to read Shakespeare and get away with it. Just like the Commander can take Offred to the hotel as a prostitute and have pleasurable sex with her. Her represents a common theme which runs through distopias; that power corrupts and isolates. Mustopha encompasses all the things he imposes on the Bokonoskvi groups he creates.This is Huxley commenting on the hypocritical nature of the fascist and communist regimes of the twentieth century.Mustopha is an outsider, but has the power to be overlooked.


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Monday, January 30, 2012

the art

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Sunday, January 29, 2012

Adolescent literature and controversial values

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Adolescent literature often presents values, which are considered controversial. These values, which frequently influence the thoughts and actions of their readers, can be split into the three broad categories of personal, social and moral values. They include values such as friendship, love, loyalty and honesty. Many texts these days contain some form of controversial values, which often force their reader to question what message is being portrayed.


The movie “Harry Potter and the Sorcerer’s Stone”, by J.K Rowling is one example of a text that has come under the magnifying glass for dealing with controversial issues. This movie brought continuous concerns about the lack of respect Harry and his friends, Ron and Herminie, have for the rules and the issue of them not setting a good example for their readers. This is evident when Harry was having his first flying lesson. The teacher Madam Hooch had to leave for a few minutes and left strict instructions that “No one is to ride their brooms, or they will be out of Hogwarts quicker than you can say Quidditch”. As soon as Madam Hooch left, Draco Malfoy, Harry’s arch rival, picked up Neville’s lost ‘Remembrall’ (a glass ball given to Neville by his Nan) and flew high into the sky threatening to throw it. Harry immediately disregarded Madam Hooch’s orders and flew up to stop Draco. Professor McGonagall was watching from out her window and saw Harry make an incredible catch of the ‘Remembrall’. Instead of being punished for disobeying Madam Hooch’s instructions Harry was rewarded by becoming the seeker for his house Quidditch team. This incident shows that Harry has no regard for the rules and is not setting a good example for his readers by going against what his teachers say. However, it does show that Harry personally values his friends and would risk expulsion from Hogwarts for them.


In the film “Bend It Like Beckham” many of the values expressed are controversial. The main character Jessi goes against her family’s wishes and sneaks off to Germany to play soccer, a sport which is forbidden in her household. She goes against her cultural and social values because she does not want just to become a house wife left to cook and clean. This raises concerns that she is disobeying her culture and family. This could be seen as a controversial value as she is not setting a good example by going against her parents wishes. This may encourage the adolescent viewer to not listen to their parents. On the other hand it shows that you have to follow your heart, do what makes you happy and what you feel is right.


The short story “Jozelda” displays a girl named Jessie’s moral values. This story has a very strong message of loyalty and honesty for its readers. When the popular girls Michelle and Romey are picking on Jozelda, Jessie cant take it. Even though she is scared of the girls, she cant let an innocent girl be treated this way. As she stands up to Michelle and Romey she has many thoughts running through her head, “I cant explain to you how awful that feeling was. I cant explain why I acted the way I did, when I relized Jozelda hadn’t come in yet. I mean, I didn’t even know Jozelda, or like her. But suddenly it seemed as though I was watching someone absolutely helpless being sort of invaded”. This quote shows the moral values that Jessie feels. It provides a good lesson in moral values for the reader that you should always stand up for people being bullied and dont get caught up in the peer pressure to be cool.


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These three texts illustrate values that are presented in adolescent literature and that are often considered controversial. They presents values such as friendship, loyalty, love and honesty. In “Harry Potter and the Sorcerers Stone” and “Bend it Like Beckham” there is many values and issues dealt with that are often referred to as inappropriate for adolescents they influence them to break rules and go against their parents wishes, this however is untrue as the positive messages and values found within the text and movies far out weigh the controversial values that some believe they poses.





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Saturday, January 28, 2012

McCuller's Tree.Rock.Cloud

If you order your cheap essays from our custom writing service you will receive a perfectly written assignment on McCuller's Tree.Rock.Cloud. What we need from you is to provide us with your detailed paper instructions for our experienced writers to follow all of your specific writing requirements. Specify your order details, state the exact number of pages required and our custom writing professionals will deliver the best quality McCuller's Tree.Rock.Cloud paper right on time.

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Carson McCuller’s story A Tree. A rock. A Cloud imparts a truth about human life that is easily ignored in our chaotic existence the human tendency to be hasty. In reading McCuller’s story, one cannot help but be moved by its tragic quality and somber tone. The old man’s tale of betrayal and lost love is sad. It elicits pity and compassion, but the lesson he learns from his experience which he imparts to the boy, and the reader, leaves both parties, the reader and the boy, pensive and, strangely, serene. What the man conveys is a difficult lesson learned, and the rather indirect way the older man reports his lesson suggests that the boy will have to learn it for himself, probably through experience, just as the older man has. On the surface, the old man’s tale appears a story about the “science” of love, but with careful examination it transforms to a sort of parable about humans predisposition to rush.


Carson McCuller’s story A Tree. A rock. A Cloud imparts a truth about human life that is easily ignored in our chaotic existence the human tendency to be hasty. In reading McCuller’s story, one cannot help but be moved by its tragic quality and somber tone. The old man’s tale of betrayal and lost love is sad. It elicits pity and compassion, but the lesson he learns from his experience which he imparts to the boy, and the reader, leaves both parties, the reader and the boy, pensive and, strangely, serene. What the man conveys is a difficult lesson learned, and the rather indirect way the older man reports his lesson suggests that the boy will have to learn it for himself, probably through experience, just as the older man has. On the surface, the old man’s tale appears a story about the “science” of love, but with careful examination it transforms to a sort of parable about humans predisposition to rush.


After telling his story, the old man leaves. The perplexed boy can only comment, “He sure has done a lot of traveling.” This seeming insignificant statement captures the universality of the story. The old man is a transient, much like human existence is transient. He was “fifty-one” years old twelve years ago when he met the woman, so he has learned, very late in his life, that he has rushed through most of his life. He chooses the young boy to impart his knowledge to so as to give the boy an opportunity not to repeat his mistake. The old man’s science is simple be not afraid of going slowly, be only afraid of hastening by.


After telling his story, the old man leaves. The perplexed boy can only comment, “He sure has done a lot of traveling.” This seeming insignificant statement captures the universality of the story. The old man is a transient, much like human existence is transient. He was “fifty-one” years old twelve years ago when he met the woman, so he has learned, very late in his life, that he has rushed through most of his life. He chooses the young boy to impart his knowledge to so as to give the boy an opportunity not to repeat his mistake. The old man’s science is simple be not afraid of going slowly, be only afraid of hastening by.


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After telling his story, the old man leaves. The perplexed boy can only comment, “He sure has done a lot of traveling.” This seeming insignificant statement captures the universality of the story. The old man is a transient, much like human existence is transient. He was “fifty-one” years old twelve years ago when he met the woman, so he has learned, very late in his life, that he has rushed through most of his life. He chooses the young boy to impart his knowledge to so as to give the boy an opportunity not to repeat his mistake. The old man’s science is simple be not afraid of going slowly, be only afraid of hastening by.





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WEWT

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Close your eyes


dont try to resist


the soft touch


the sweetest kiss


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Dont promise me a promise


until you can promise you wont break it


dont feed me all your lies


i can always tell when you fake it


Im not a figment


of your imagination


touch me. im real.


stop causing this violation


Now always and forever


my heart will be with you


but its baracaded for protection


and it wont let you through


Deprivation of you


so close and i cant touch


i cant even hear your voice


God i hate this so much


I cant force myself to forget


I cant be strong anymore


I cant bear to pretend


this cannot be ignored


The silence hurts


Its growing inside


it doesnt want to


feel the need to hide


let it be heard


and youll be surprised


what you can see


through the iris of my eyes


breathe in


breathe out


youre like the air


i cant live without


im broken hearted


and stupified


so please push paast


off to the side


my jaded soul


and my faded dreams


im playing your game


and you on the wrong team


im your insignificant other


trying to reach out and touch


it seems im falling backwards


so my becomes my crutch


im lost without this love


and locked up in my mind


please open your eys


and dont leave me behind


--------------------------------------------------------------------


NEXT


Look into these lonely eyes,


And see your angel in discuise.


In this dream were trapped inside,


You cant run but you can hide.


I remember when you promised me


A safe place in your heart


But now this never ending heartache


is tearin me apart.


I know your love is somewhere,


I just have to look around,


Ill be here forever baby,


Just get my heart up off the ground.


I think about you all day long,


Wanting anything but to be alone,


While I listen to your favourite songs,


Wanting just to call you on the phone.


I would die to see you one last time,


To heal this little heart of mine,


To look into your loving eyes,


To erase all the pointless lies.


Forgive me


For the pain Ive caused,


Forgive me


For the love Ive lost.


Forgive me


For letting you walk away.


And please forgive me


For being afraid.


Ive given up on love,


Because loves given up on me,


Its done nothin but burn my dreams,


And its the extreme third degree.


Letting go of you


Is like letting go of life,


Giving into darkness,


And turning down the light.


As I watch your eyes


Look into mine,


I see your loves long lifeline,


Lasting till the end of time.


For this love you have


Is so sublime,


That youd think that it


Should be mine.


But the love i see


Is not for me,


Its a reflection of who


I want you to be.


I blink then grasp reality,


Lose the feeling of vitality,


I give up and watch you fade away,


I wish that you would only stay.


And take care of your angel one more time,


Cause it is hard for me to say good bye


To the endless love I have for my


Beautiful angel in discuise.





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Thursday, January 26, 2012

Apple Commuters Finance Assignment

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c o n t e n t s








v Group Profile


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v Goals and Objectives


v Group Locations 4


v Group Structure 5


v Company History 6





v Chairman’s Statement 8


v Corporate Governance 10


v Auditor’s Report 15


v Annual Financial Statements 16


v Operating Costs 4


v Financial Highlights 5


v Ratio Analysis 6


v Efficiency 7


v Risk Analysis 8


OBJECTIVES


Our medium term business objectives are to secure as much of the Taxi market from which we can expand the South African operation into other related segments.





GOALS


Apple commuters will aspire to achieve the following key targets over the next three years


· Increase our installed base and secure our market position


· Improve our service offering and implement systems and controls to measure our performance


· Improve on our profitability


· Implement a Key Account Management structure


· Improve staff training on all levels in line with BEE and labour law requirements.





GROUP LOCATIONS


Below is a map of the areas represented by Apple commuters. The red indicates currently supported areas whereas the black indicates potential expansion points.


� Head offices


u Regional offices


u Potential expansion areas











COMPANY HISTORY


Executive Chairwoman of Apple Commuters Kathy A always dreamed of working on computers. In the early 170’s � she enrolled for a computer course at LamDin in Johannesburg with a view to making that dream a reality. Kathy then lived in the sprawling township of Alexandra and transportation to and from Johannesburg CBD was having an adverse impact on her studies. Little did she realise that this frustration would change her career path and her life forever. “I was shocked at the quality of public transportation in Johannesburg. I spent four hours a day commuting to and from the city. It was ridiculous � something had to be done about it!”


From humble beginnings Apple Commuters has evolved into one of South Africa’s most well known and well-respected group of transport companies. It boasts the largest taxi fleets in the country with branches in all major centers.


The company was started about 7 years ago with a vision of meeting the needs of commuters expediently. “Safety, reliability and punctuality were our main focus”, says Kathy as she reminisces about those simple days. “We’ve come a long way from our first vehicle � a Chevrolet 800 that was bought for cash”


Alex B had been making similar inroads into the field of transportation around the same time. He had worked his way up to head the Northern Suburbs Taxi Association � a key position with good insight into the industry.


By 176 � the newly formed partnership were already operating with two taxis doing about 5 trips a day combined.


December 178


The company doubles its fleet to 4 vehicles whilst streamlining operating costs.


March 180


The company follows closely with the rapid expansion of the greater Johannesburg and covers new routes in the North East region.





COMPANY HISTORY (continued…)


February 181


Apple Commuters acquires a small operation in Durban headed by Avi E. A further 1 taxis are added to the already expanding fleet. Routes between Durban and Johannesburg are explored � a first for light commercial vehicles.


September 185


Branches in Port Elizabeth and Bloemfontein were launched and the fleet was now in excess of 50 vehicles. Simon D and Craig F � owners of a successful auto repairs business decided to tap into the transport industry and bought into Apple Commuters.


August 10


Establishment of National Taxi Repair Centres (Apple Eishh Fix-It Services) with a view to driving down operating costs and maximising on profits.


May 1


New Head Office and Truck Centre built in Ormonde.


November 15


Apple Commuters is the largest privately owned taxi company in South Africa.


March 18


For R15m Apple Commuters purchases FBI Transport and acquires the skills of Paul C.


January 000


Apple Commuters receives gold-partner status with major manufacturers Toyota, Nissan and Ford securing a combined fleet of 51 taxis.


CHAIRMAN’S REPORT


“We continue to transform Apple Commuters into a broad-based transport business, offering the widest range of service and coverage with the best skills level in transportation.”


Message to our shareholders


Apple Commuters proven strategy of focusing on the commuting of passengers continues to strengthen the company’s already significant standing as a transport leader, and it is pleasing to report that for the rd consecutive year, an excellent set of results notwithstanding tough local market conditions has been achieved.


It is our view that great companies distinguish themselves over long periods.


Apple Commuters operating income increased by . % to 66,500.00 (64,450.00).


Trading Environment


The trading environment remained difficult as the economy did not perform to expected GDP results.


The unexpected and severe currency crises during the course of last year played havoc with rising fuel costs and the importation of spares. A change in supply chain partnerships was inevitable in maintaining margins.


A new strategy in outsourcing repairs has lowered expenses considerably. However, the three increases in prime interest rates up to 17 percent (prime) has over-shadowed many of these cost-cutting efforts.


Acquisition


During the financial year under review, considerable work was carried out on acquisition search and investigation, particularly in Namibia and Botswana. Certain prospects reached an advanced stage of negotiation but were ultimately turned down due to lack of interest and commitment from the other party.





CHAIRMAN’S REPORT (continued…)


Management and Employees


The quality of our management teams and employees has contributed to the success of the group and continues to differentiate us from our competitors. We have a strong, dynamic and entrepreneurial management team with a proven track record.


Outlook


The past year has seen Apple Commuters make further progress in strengthening the company. Looking forward, Apple Commuters increasing focus on international market will remain our core strategy to ensure the maintenance of long-term growth and increased shareholder value.


Appreciation


Apple Commuters ongoing success would not have been possible without a dedicated team of employees who thrill at pushing the limits and who have the courage to dare to imagine what the next opportunities might be. Our people are our business and we extend to our team the gratitude of our shareholders and the Board of Directors for their tremendous commitment and plain hard work throughout the year.


Finally, we extend our appreciation to our loyal customers. Thank you for your confidence in Apple Commuters services. It’s our aim to provide you with even greater satisfaction and value in the year to come.


CORPORATE GOVERNANCE (continued…)


Corporate Governance


For the year ended 1 March 00


The directors of Apple Commuters recognize the need to conduct the business of the enterprise with integrity and in accordance with generally accepted corporate practices. Accordingly, they endorse and have complied broadly with the principles contained in the King Report on Corporate Governance (14) during the period under review. Maintaining compliance at Apple Commuters within the code of corporate practice forms part of the mandate of the company’s audit committee.


Directorate


Apple Commuters has a unitary board structure comprising mainly non-executive directors. The board meets regularly and monitors executive management. The position of the chairperson is a non-executive appointment and is separate from that of the managing director. The chairperson and chief executive provide leadership and guidance. The directors bring together a wealth of experience from their own fields of business and ensure that debate on matters of strategy, policy progress and performance is robust, informed and constructive. The directors have access to the advice and services of the company secretary, who is responsible to the board for ensuring that board procedures are followed. All directors are entitled to seek independent professional advice about the affairs of the company at the company’s expense.


Determination of executive remuneration


The remuneration committee comprises tow non-executive directors. The committee determines the chief executive’s salary and bonus and establishes guidelines relating to cash compensation and benefit arrangements for all employees.


CORPORATE GOVERNANCE (continued…)


Audit Committee


The audit committee comprises to non-executive directors and the chief executive. The chief financial officer and internal and external auditors have unrestricted access to the audit committee and attend the meetings. Meetings are planned to be held three times per year. The audit committee is charged with the responsibility of monitoring the company’s financial controls, accounting policies and financial reporting. It provides a forum through which the independent external and internal auditors report to the board of directors.


Risk assessment


The risks facing Apple Commuters are closely monitored annually. This involves a risk assessment exercise conducted with the assistance of the internal auditors. The risks are assessed at every business level and controls mitigating these risks are identified. This exercise also assists the internal auditors in ensuring that major risks are correctly and appropriately addressed.


Internal Control


The company maintains systems of internal control over financial reporting and safeguarding of assets against unauthorized use, acquisition and disposal.


The systems of internal control incorporate suitable segregation of conflicting duties wherever possible, and the delegation of authority to suitably appointed and trained personnel. The internal audit function has been co-sourced to a specialist internal audit division of Hoffman Fisher PFK Inc.


There are inherent limitations in the effectiveness of any internal control systems, including the possibility of human error and the circumvention of overriding of controls. Accordingly, even an effective internal control system can provide only a limited amount of assurance with respect to financial statement preparation and the safeguarding of assets. Furthermore, the effectiveness of an internal control system can change with circumstances. Corrective action is taken as and when control deficiencies or opportunities for improvement in the systems are identified. Nothing has come to the attention of the board (through the audit committee) to indicate that any material breach of those controls has occurred during the year under review.


CORPORATE GOVERNANCE (continued…)


Staff participation and development


The company subscribes to the principle of equality. As Apple Commuters (Pty) Limited has only 1 permanent employees, a formal employee forum has not been formed. However, weekly meetings are held and all employees participate.


An Employment Equity programme forms part of the group’s training and business programme.


Code of Ethics


The Code of Ethics commits the company to the highest standards of integrity, behaviour and ethics dealing with all its stakeholders, including its directors, managers, employees, customers, suppliers, competitors, investors and society at large. Directors and staff are expected to observe their ethical obligations in such a way as to carry on business only through fair commercial competitive practices.


Environment, health and safety


Apple Commuters values the occupational health and safety of its employees. We take every reasonable precaution to ensure a safe working environment for all its employees. Apple Commuters conducts its business with due consideration for environment issues and has appointed a committee to address the environmental impact of its business activities, as well as all health and safety aspects of the business.


The King Report on Corporate Governance for South Africa 00


The board is reviewing this report and the requisite improvements to the company’s corporate governance procedures and policies will be implemented in the next financial year.


CORPORATE GOVERNANCE (continued…)


Statement of Responsibility by the Board of Directors


The directors are responsible for the preparation, integrity and fair presentation of the financial statement and other financial information included in this report.


The financial statements, presented on pages 16 to have been prepared in accordance with Generally Accepted Accounting Practice, and included amounts based on judgments and estimates made by management.


The going-concern basis has been adopted in preparing the financial statement. The directors have no reason to believe that the Company will not be going concerns in the foreseeable future based on forecasts and available cash resources. The financial statements support the viability of the Company.


The financial statements have been audited by the independent accounting firm, Hoffman Fisher PFK (JHB) INC, which was given unrestricted access to all financial records and related data, including minutes of all meetings of shareholders, the Board of Directors and committees of the Board. The directors believe that all representations made to the independent auditors during the audit were valid and appropriate.


The financial statements, which appear on pages 16 to were approved by the Board of Directors on 17 July 00 and signed on its behalf


Chairman Managing Director


CORPORATE GOVERNANCE (continued…)


Statement of Company Secretary


I, Patrick Sibanda, being the Company Secretary of Apple Commuters (Pty) Limited, certify that all returns required of a public company, have in respect of the year under review been lodged with the Registrar of Companies and that all such returns are true, correct and up to date.


P Sibanda


Company Secretary








AUDITORS’ REPORT


Report of the Independent Auditors


To the members of Apple Commuters (Pty) Limited


We have audited the annual financial statements of Apple Commuters (Pty) Limited as set out on pages x to xx for the year ended 1 March 00. These financial statements are the responsibility of the Company’s directors. Our responsibility is to report on these financial statements based on our audit.


Scope


We conducted our audit in accordance with statements of South African Auditing Standards. Those standards require that we plan and perform the audit to obtain reasonable assurance that the financial statements are free of material misstatement. An audit includes


· Examine, on a test basis, evidence supporting the amounts and disclosures in the financial statements;


· Assessing the accounting principles used and significant estimates made by management; and


· Evaluating the overall financial statement presentation.


We believe that our audit provides a reasonable basis for our opinion.


Audit Opinion


In our opinion, the financial statements fairly present, in all material respects, the financial position of the Company and the Group at 1 March 00, and the results of their operations and cash flows for the year then ended in accordance with generally accepted accounting practice and in the manner required by the Companies Act.


Hoffmann Fisher PFK (JHB) INC


Chartered Accountants (SA)


Registration number 14/0066/1


FINANCIAL STATEMENTS


Annual Financial Statements


For the year ended 8 February 00


Ø Income Statement


Ø Balance Sheet


Ø Cash Flow Statement


Ø Ratios


Ø Notes to the Financial Statements





FINANCIAL STATEMENTS


Income Statement of Apple Commuters (Pty) Ltd for year ended 8 February 00.





R 000 R 000 R 000


000 001 00


Turnover 6,.0 64,450.0 66,500.0





Trading Income ,8.0 ,88.0 4,07.0








Interest Received 61.0 6.0 66.0





Interest Paid -1,48.0 -1,511.0 -1,640.0





Income Before Tax 1,545.0 ,45.0 ,.0





Tax -,46.5 -,70.5 -,.





Outside Shareholders interest - - -





Earnings After Tax ,081.5 ,704.5 ,.1





Extraordinary Item - - -





Distributable Income ,081.5 ,704.5 ,.1





Dividends -5,000.0 -5,000.0 -5,000.0





Retained Income 17,081.5 17,704.5 18,.1





FINANCIAL STATEMENTS


Balance Sheet of Apple Commuters (Pty) Ltd as at 8 February 00.





R 000 R 000 R 000


Assets 000 001 00


Fixed Assets 6,86.0 5,5.5 ,55.6


Property & Equipment ,567.5 ,567.5 ,10.6


Transport Fleet 4,4.5 ,55.0 1,450.0





Investments & Loans 1,650.0 1,650.0 1,650.0





Current Assets 5,858. 7,40.1 8,181.5


Debtors 5,60.7 5,81.8 6,557.


Bank 168. 1,58. 1,64.





Total Assets 4,70. 4,574.6 ,84.1





Liabilities


Capital and Reserves


Share capital ,500.0 ,500.0 ,500.0


Retained Income 17,081.5 17,704.5 18,.1


Shareholders interest 0,581.5 1,04.5 1,8.1


Outside Shareholders interest 0.7 0.8 1.0





Non Current Liabilities


Loan 1,5.6 11,57.0 10,00.0





Current Liabilities 1,56.1 1,41. 1,50.0


Creditors 1,56.1 1,41. 1,50.0





Total Liabilities 4,70. 4,574.6 ,84.1





FINANCIAL STATEMENTS


Cash Flow Statement





Notes








CASH FLOWS FROM OPERATING ACTIVITIES





Cash generated by/(utilised from) operations 1 14 64


Cash (utilised)/generated by an (increase)/decrease in working capital (14)


Cash generated by/(utilised from) operating activities 14 81


Taxation paid (10 000)


Dividends Paid (5 000)


Net cash generated from/(utilised in) operating activities (17)








CASH FLOWS FROM INVESTING ACTIVITIES





Purchase of tangible fixed assets 0


Proceeds on disposal of tangible fixed assets 4 44


Interest received 66





Net cash (utilised)/generated from investing activities 4 40








CASH FLOWS FROM FINANCING ACTIVITIES





Interest paid (1 640)


(Decrease)/increase in Loan (1 7)





Net cash from/(utilised in) financing activities ( 567)





Net increase/(decrease) in cash and cash equivalents 744


Cash and cash equivalents at beginning of year 5 81


Cash and cash equivalents at end of year 6 557





check 0








F FINANCIAL STATEMENTSNOTES





1. Cash generated/(utilised) from operating activities





Profit/(Loss) before taxation





Adjusted for


Depreciation 1 4


Finance costs 1 574


Loss/(profit) on disposal of assets (1 867)





14 64





1. Cash (utilised)/generated by an (increase)/decrease in working capital





(Increase)/decrease in inventory 0


(Increase)/decrease in Accounts receivable (5)


Increase/(decrease) in Accounts payable (108)





(14)











FINANCIAL STATEMENTS


Ratios


Ratio Analysis





Liquidity





Current Ratio 4.7 5. 5.4





Profitability





% net profit 5.4% 5.% 5.0%





% Return on Net Assets 66.68% 68.46% 7.%





% Return on Total Assets 64.4% 65.67% 6.8%





% Return on Equity 107.8% 107.07% 106.87%





% Return on Capital Employed 66.68% 68.46% 7.%





Leverage





% debt ratio 40.1% 8.67% 4.60%





% debt to equity 66.% 6.05% 5.0%





Efficiency





Assume COS 50% of sales 1164.50 5.00 50.00





debtors days 6





creditors days 15 16 17











FINANCIAL STATEMENTS


Notes to the financial statements


Revenue 00 001


Rand (000s) Rand (000s)


Cash Fares 1,451 4,11


Pre-Paid Fares ,184 18,87


Service & Repairs 1,865 11,458


66,500 64,450


Operating Expenditure 00 001


Rand (000s) Rand (000s)


Payroll 5,01 5,81


Fuels & Oils 1,01 18,057


Administration 1,11 1,100


Depreciation 775 85


Operating lease charges 4,0 ,4


Other expenses 750 75


1,5 0,617


Net Financing Costs 00 001


Rand (000s) Rand (000s)


Long Term Borrowings 1,505 1,4


Bank and Short Term Borrowing 105 74


Capitalised finance lease 7 7


Interest Received -66 -


1,640 1,511


Taxation 00 001


Rand (000s) Rand (000s)


RSA Normal Taxation - Current Year 8,61 8,744


RSA Normal Taxation - Prior Year 1,0 87


Deferred Taxation - Current Year - -


Deferred Taxation - Prior Year - -


10,000 ,71


Property & Equipment 00 001


Rand (000s) Rand (000s)


Freehold Land & Buildings 1,78 1,58


Plant, Machinery and other 75 86


,10 ,568


FINANCIAL STATEMENTS


Notes to the financial statements


Transport Fleet 00 001


Rand (000s) Rand (000s)


Net Book Value a beginning of year 1,450 0,07


Additions ,74 ,800


(Disposals) -46 -58


Depreciation -775 -85


,55 1,450


Retained Income 00 001


Rand (000s) Rand (000s)


Balance at beginning of year 75,8 58,00


Net profit for this year , ,08


Dividends Paid -5,000 -5,000


4,15 75,8





Share Capital 00 001


Rand (000s) Rand (000s)


Opening Balance ,500 ,500


Issue of new shares - -


repurchase of shares - -


,500 ,500





Long Term Borrowings 00 001


Rand (000s) Rand (000s)


Bond - Repayment Due 00 ,48 ,8


Bond - Repayment Due 004 ,8 ,4


Bond - Repayment Due 005 ,4 5,45


10,00 11,57


Off Balance Sheet Financing 00 001


Rand (000s) Rand (000s)


Value of leased fleet 40,57 40,0


4,0 ,4





OPERATING COSTS


SUMMARY OF


OPERATING EXPENSES FOR PERIOD 00


FINANCIAL HIGHLIGHTS


RECORDED GROWTH OVER THE LAST


THREE FINANCIAL YEARS.








RATIO ANALYSIS


Ratio Analysis


Profitability


Ratio 000 001 00


Net Profit Percentage 5.4% 5.% 5.1%


Gross Profit Percentage _ _ _


Mark Up Percentage _ _ _





Ratio 000 001 00


Return on Total Assets 64.% 65.7% 6.%


Return on Net Assets 5.4% 5.% 5.1%


Return on Capital Employed 107.% 107.1% 106.%


Return on Equity 66.7% 68.5% 7.%


Liquidity


Ratio 000 001 00


Current Ratio 4.7 5. 5.4


Acid Test 4.7 5. 5.4


Leverage


Ratio 000 001 00


Debt Ratio 40.1% 8.7% 4.6%


Debt to equity 66.% 6.1% 5.%


Interest .0 .4 1.


EFFICIENCY


Efficiency


Ratio 000 001 00


Asset Turnover 1.8 1.7 .0


Creditor Days 15 16 17


Debtor Days 6








RISK ANALYSIS


.8 Risk analysis


Using the Ernst and Young risk model as a basis we have compiled a risk profile of the South African organisation as well as comments. The profile is graded as Green = low risk, Yellow = medium risk, Red = high risk.


Area ITEM COMMENT


People & culture Human resource Low staff turnover over the last two years


Legal Liability Liability in accident situation


Contracts All contracts reviewed by lawyers


Legislative Need to review our legislative requirements


Market Interest rate Unstable in South Africa.


Liquidity & credit Collectibility Low bad debts historically, cash business


Cash management Cash business


Reporting Tax Reviewed with auditors


Accounting Reviewed with auditors


Capital structure Debt Good debt history


Stakeholders Supplier Cash purchases


Customer Wide customer base


Government Reviewed with auditors


Governance Reputation Good overall reputation


Strategic planning In the process of reviewing this


Ethics Sound ethics


Corporate monitoring Needs to be reviewed since group changes


Market structure Economics Fair economic practice within the country


Market dynamics Market restricted in project size


Competitor Stable company in an unstable competitor market


Systems Hardware Requirements met


Software Need to review licensing


Information management Operations Need to implement procedures


Planning & develop Need to implement procedures


Process Marketing & selling Need to review documentation


Products and delivery Need to review documentation


Support processes Need to implement procedures


Physical assets Asset base All assets covered by sufficient insurance





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Tuesday, January 24, 2012

To Kill a Mockingbird

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1. Text snippet


“Somehow, if I fought Cecil I would let Atticus down. Atticus so rarely asked Jem and me to do something for him, I could take being called a coward for him.” Pg. 87


Reason for choice


I chose this snippet of text because I thought it showed how much she cared about what her father said and thought about her. Scout thought highly about her father, and it also shows that scout is maturing and not letting her fists take care if her problems. It also shows how her character is building from an immature little girl to a somewhat mature girl.


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That was the only time I ever heard Atticus say it was a sin to do something, and I asked Miss Maudie about it.


“Your father’s right,” She said. “Mockingbirds don’t do one thing but make music for us to enjoy. They don’t eat up people’s gardens, don’t nest in corncribs, they don’t do one thing but sing their hearts out for us. That’s why it’s a sin to kill a mockingbird.” PG. 10


I picked this snippet because it shows that most people in Maycomb County feels about people and or objects/ animals that don’t commit a sin to anybody but instead they provide them with help, tutoring, music, ect. And for that reason is why they will not comment a sin against this person or objects/ animals.


.


It was long past my bedtime and I was growing quite tired… Pg. 177


This is showing a really big thing here. It shows that Scout is becoming more and more self-disciplined and that she is maturing more as the story goes on.


4.


“She was white, and she tempted a Negro. She did something that in our society is unspeakable she kissed a black man. Not an old Uncle, but a strong young Negro man…” PG


This quote shows how the people back then treated African Americans and how they strongly felt about they’re being a romance between them and a white man/lady. And compared to today’s society which will allow this to happened and I think it is ok as long the couple cares for each other.


5.


Jem was sprawled on the sofa reading Popular Mechanics. He looked up. “It ain’t right. He didn’t kill anybody even if he was guilty. He didn’t take anybody’s life.”


“You know rape’s a capital offence in Alabama,” said Atticus.


“Yessir, but the jury didn’t have to give him death- if they wanted to they could’ve gave him twenty years.” PG. 51


This clipping shows how Jem and Scout is being put in the middle of this whole jury trial and how this affected not only Tom’s life but Atticus and is children, and Calpurnia and her community.


6.


“There’s noting more sticking to me than a low-grade white man who’ll take advantage of a Negro’s ignorance. Don’t fool your slaves- it’s all adding up and one of these days we’re going to pay the bill for it…” PG. 5


Atticus at this point was under a lot of stress and I fell mad at him because he is putting down the very people he defended every day. I believe he is becoming a trader to himself and the race he supported.


Text chunk


“And so quite, respectable, humble Negro who had the unmitigated temerity to ‘feel sorry’ for a white woman has had to put his word against two white people’s. I need not remind you of their appearance and conduct and the stand- you saw for yourselves. The witnesses for the state, with the exception of the sheriff of Maycomb County, have presented themselves to you gentleman, to this court, in the cynical confidence that their testimony would not be doubted, confident that you gentleman would go along with them on the assumption- the evil assumption- that all Negroes lie, that all Negroes are basically immoral beings, that all Negro men are not to be trusted around our woman…” PG.


This really makes me sick to think that this race of people was domed even before the trial started. Tom had no chance if every one was going to think and know to themselves that he and his friends will lie on the stand. Tom, if wanted to get past this wall of predigest he would have to of worked of a well respected white person, but he had no chance anyway.


.


Atticus wheeled around. His hand dug into his pockets. “Heck, cant you even try to see it my way? You’ve got children of your own, but I’m older than you. When mine are grown I’ll be an old man if I’m still around, but right now I’m- if they don’t trust me they won’t trust anybody. Jem and Scout know what happened. If they here me saying downtown something different happened- Heck, I won’t have them any more. I can’t live one way in town and another in my home.” PG. 15


Just for a second, look on how he ended this paragraph. He said “In my home” this would tell you a lot. This tells me that he is and he knows that he is the head of that house. The whole paragraph tells me that his children are all he has after his wife died. He is at a time in his life were we needs his children and they need him.


Setting


The author reveals the setting a little by little, and only on a need to know basics. I think this is a nice twist to the novel because unlike other novels where you get all the setting at once you get it peace by peace. Like when Scout and Jem went to the town on the night that they moved Tom Atticus sat at the jail and when the kids went to go see their dad the author slowly described the setting. Really neat!








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Monday, January 23, 2012

Nutrition

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The primary source that was used to create this paper was the Weight Watchers web site. Because the website is always maintained, this is the most current and up-to-date information available for its members. The information that is maintained in this site is from physicians (in various communities), as well as several people that have used the program for several years. Physicians are consulted any time modifications are made to this program, as well as to monitor the current success of the program. Most of the authors are either certified physicians, or members of Weight Watchers themselves.


The physicians are private practitioners from several communities in the United States. Because one of our team members has been on this program for a year, and the information that we were able to obtain from the web site were from reputable sources, we believe this program is extremely legitimate. Weight Watchers has been in business for more than 0 years, if it was not legitimate, they would not still be in business. Especially due to the fact that over the last several years, unhappy customers have sued companies that have not provided their advertised service, or have endangered their physical health.


Overall, the “diet” (referred to also as a program by Weight Watchers) is great. Many women and men (including famous personalities) have had success with this program. Because a person is able to use food that is found in every supermarket to maintain their point range, it is extremely easy and cost-effective to be on this program. You can buy the food that Weight Watchers sells, or you can make your own food bought at the grocery store. Because of the ease of the program, you can lead a relatively normal life, while still losing weight and feeling better about yourself. You can even go out to dinner, and while on this program and maintain success.


This program has been successful because not only do they provide you with the tools that you need to maintain the food portions, but they also address the psychological aspect of weight management. With the weekly meetings (frequency is determined by each individual participant) and the counselors that are available to answer your questions, Weight Watchers also has the added benefit of moral support that most people need in addition to the food. This program realizes that we are human beings, with needs and challenges, and does whatever they can to assist us with them.


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Noting on the Scarlet Letter

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There is a disease that tends to affect second-rate actors who achieve sudden and monumental fame, particularly if that fame lasts longer than the aphorisitically-alloted fifteen minutes. After obtaining the fabulous salaries and right-of-first-or-at-least-second-script-refusal characteristic of being on Hollywoods A list, these actors dont know enough to take the money and run. Instead, their disease reaches the terminal phase, one in which they begin to believe their own press clippings. Suddenly, the money and the power just arent enough; they want R-E-S-P-E-C-T, to coin a phrase. These actors become convinced that culture with a capital C is the missing link in their careers. So they find themselves a literary classic and attempt to put their acting imprimatur upon it, envisioning themselves as the next John Barrymore. Unfortunately, the results more often than not owe more to Drews style of acting than to Johns, for the very good reason that the relationship between the elegance and relevance of the work that they seek to interpret and their own abilities belong most definitely to that species of proportional relationships known as the inverse. Harry Zimm (he of Get Shorty) summed up this mindset of the hyper-egotistical and hypo-talented most succinctly Hes the same schmuck who made it on his tight pants and capped teeth, but now all of a sudden he knows everything there is about making pictures. There is a disease that tends to affect second-rate actors who achieve sudden and monumental fame, particularly if that fame lasts longer than the aphorisitically-alloted fifteen minutes. After obtaining the fabulous salaries and right-of-first-or-at-least-second-script-refusal characteristic of being on Hollywoods A list, these actors dont know enough to take the money and run. Instead, their disease reaches the terminal phase, one in which they begin to believe their own press clippings. Suddenly, the money and the power just arent enough; they want R-E-S-P-E-C-T, to coin a phrase. These actors become convinced that culture with a capital C is the missing link in their careers. So they find themselves a literary classic and attempt to put their acting imprimatur upon it, envisioning themselves as the next John Barrymore. Unfortunately, the results more often than not owe more to Drews style of acting than to Johns, for the very good reason that the relationship between the elegance and relevance of the work that they seek to interpret and their own abilities belong most definitely to that species of proportional relationships known as the inverse. Harry Zimm (he of Get Shorty) summed up this mindset of the hyper-egotistical and hypo-talented most succinctly Hes the same schmuck who made it on his tight pants and capped teeth, but now all of a sudden he knows everything there is about making pictures.





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Sunday, January 22, 2012

LEVI STRAUSS TIME LINE HISTORY

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Levi Strauss & Co. spans more than five generations of American and global culture. As a company, weve seen the world go from horse drawn carriages to the electric car, from the chaos of war to space, peace, independence and freedom, and from the telegraph to speed of light Internet communications.


In 00, Levi Strauss & Co. will be 150 years old! We can proudly say that LS&CO. makes the only garment created in the 1th century that is still worn today. And we still have the same youthful, attitude. This is our legacy and gift to the future. As you go through our site and read more about our astonishing history, stop a moment to think about a young, immigrant merchant named Levi Strauss, who started it all.


1th Century





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18


Levi Strauss is born in Buttenheim, Bavaria.


1847


Levi Strauss, his two sisters and mother sail for America, where they join half-brothers Jonas and Louis in New York. Levi joins their dry goods business.


185


Levi becomes an American citizen and sails to San Francisco to set up a small dry-goods house, which grows into a prosperous business over the next twenty years.


Levi Strauss opens his wholesale dry-goods business on California Street near the San Francisco waterfront. It moves to a number of locations over the next 15 years.


1854


Levi Strauss donates $5 to a San Francisco orphanage only one year after arriving in the city to open his dry-goods business. This is equivalent to approximately $100 U.S. and begins the companys tradition of sharing its prosperity with the community.


1866


LS&CO. headquarters are at 14-16 Battery Street, where they remain for 40 years.


187


Jacob Davis, a Reno Nevada tailor, writes to Levi Strauss, telling him of the process he invented to rivet the pocket corners on mens pants. He suggests the two men take out a patent on the process together.


187


Levi Strauss and Jacob Davis receive the patent for rivets on mens pants. They begin making copper riveted waist overalls (the old name for jeans) in San Francisco. The denim comes from the Amoskeag Mill in New Hampshire.


187


Levi Strauss donates funds to endow 8 scholarships at the University of California, Berkeley. These scholarships are still in place today. He also gives money to the California School for the Deaf and supports other local charities.


10


Levi Strauss dies at the age of 7. His nephews inherit the business.


Levi Strauss will contains a number of bequests to Bay Area charities which serve children and the poor.


106


The earthquake and fire destroy the headquarters and two factories of Levi Strauss & Co. The company extends credit to its wholesale customers so they can get back on their feet and back in business. Employee salaries are continued, and temporary headquarters and a showroom are opened in order to keep employees working. A new factory is built at 50 Valencia Street, and new headquarters are erected on Battery Street.


11


Simon Davis, son of Jacob Davis and the superintendent of the Valencia Street factory, invents Koveralls, a one-piece play suit for children.


115


LS&CO. receives the Highest Award for waist overalls at the Panama Pacific International Exposition in San Francisco. The company begins to purchase denim from Cone Mills in North Carolina.


11


Walter A. Haas Sr. joins the company.


10


A factory is opened in Frankfort, Indiana to make Koveralls, the first product sold nationally.


10s


During this decade, the assembly-line technique is adopted at the Valencia Street and Frankfort factories. In addition, the climate for selling denim products is unfavorable; the price of cotton drops sharply, rendering cotton garments subject to price reduction. Despite this, Walter Haas Sr. maintains the companys $5,000 advertising budget, as he feels advertising (in the form of billboards and painted signs) is crucial to the success of the waist overalls.


1


Daniel Koshland joins LS&CO.


14


Sigmund Stern, nephew of Levi Strauss, becomes President of LS&CO. His brother Jacob, who took over as President after Levis death in 10, is named Chairman of the Board.


16


Bonuses are given to the workers at the Valencia Street factory, possibly a first in the apparel industry.


18


The company registers the word Levis® as a trademark.


Sigmund Stern dies and Walter Haas Sr. becomes President.


10s


The Depression strikes and the demand for products declines. Workers at the Valencia Street facility are put on a short work week to avoid layoffs, and others are given non-manufacturing tasks such as laying the hardwood floors that are still in use today. At the same time, the company adopts the cowboy as its advertising and image-building icon, associating the rugged individualism of the cowboy (and his Hollywood counterpart) with the famous 501® waist overalls.


15


LS&CO. creates Lady Levis® the companys first blue jean for women.


1


Walter Haas, Jr. joins LS&CO


140s


During World War II, the design of waist overalls is changed due to government mandates regarding the conservation of raw materials. U.S. soldiers wear their Levis® jeans and jackets overseas, giving the products their first international exposure.


African-American workers at the companys California plants work in integrated facilities.


145


Peter Haas Sr. joins LS&CO.


148


LS&CO. discontinues its wholesale business in order to concentrate on manufacturing.


15


The Levi Strauss Foundation is formed to coordinate the companys charitable giving.


154


Lighter Blues casual slacks and the Denim Family line mark the companys entry into the sportswear business.


An Army colonel on an American base in Frankfurt, Germany bans military wives from wearing blue jeans, saying it reflects poorly on the U.S.


155


Daniel Koshland succeeds Walter Haas Sr. as President.


158


Levis® jeans are chosen for the American Pavilion at the Worlds Fair in Brussels.


Walter Haas Jr. becomes President.


15


Levis® jeans are exhibited at the American Fashion Industries Presentation in Moscow.


The company begins exporting garments to Europe and appoints an Export Manager


160s


LS&CO. opens its first southern plant. Located in Blackstone, Virginia, the company insists from its inception that the facility be integrated. This occurs before desegregation is mandated by federal law.


161


Clothing is exhibited in Paris by our French distributor.


16


LS&CO. receives President Kennedys E award for significant contributions to the United States export program.


Levi Strauss Europe is established.


16


Pre-shrunk Levis® jeans are introduced.


164


STA-PREST slacks �the first wrinkle free products � are introduced. Levis® jeans become part of the permanent collections of the Smithsonian Institution.


165


Levi Strauss International and Levi Strauss Far East are established, beginning the companys expansion into Europe and Asia.


166


The company airs its first television commercial.


167


Levis® jeans are exhibited in Moscow, Prague and Warsaw.


Rock groups such as The Jefferson Airplane and Paul Revere and the Raiders record radio commercials for Stretch Levis® and White Levis®.


168


The Community Affairs department is established, formalizing the companys philanthropic efforts.


16-170


LS&CO. introduces bell bottoms into its jeans line.


LS&CO. renovates the Valencia Street plant and the surrounding areas, creating a community gathering place and contributing to the improvement of the community.


Peter Haas Sr. becomes President


170s


Corduroy and polyester round out the companys line of products.


The first Community Involvement Teams are formed at the headquarters office.


171


LS&CO. becomes a public corporation, and includes a statement of its values in its prospectus.


Levi Strauss Japan is established, marking the companys first official entry into the Asian marketplace.


17


LS&CO. establishes the Minority Purchasing Program.


17


Bob Haas joins the company.


174


Company headquarters move to a large office complex at Embarcadero Center in San Francisco.


178


A formal program is created at headquarters to assist LS&CO. employees when they retire from the company


181


Robert Grohman becomes President and Chief Executive Officer.


18


The Levi Strauss Foundation makes its first matching gifts to the Kaposi Sarcoma Clinic at San Francisco General Hospital.


18


AIDS support groups are first formed at headquarters.


The first Original Levis Stores® are opened in Europe (in Spain). Within eight years there are 57 stores throughout northern and eastern Europe.


184


LS&CO. is the official outfitter of the U.S. Olympic Team and the Los Angeles Games staff.


The 501® Blues television campaign is launched at the Olympic Games, leading to a resurgence in sales of the 501® jeans.


LS&CO. receives the Lawrence A. Wien Prize in Corporate Social Responsibility.


Bob Haas becomes President and Chief Executive Officer.


185


LS&CO. wins the Governors Committee Media/Advertising Award from the New York State Office of Advocates for the Disabled, for its positive portrayals of disabled people in the 501® Blues television ads.


LS&CO. completes the largest leveraged buyout in the apparel industry and the company becomes private again.


186


Dockers® Khakis are introduced in the United States. The company holds its first auction of celebrity-decorated denim jackets to benefit AIDS research and education at Barneys in New York.


187


The Mission and Aspirations Statement is crafted, beginning the process of creating a more empowered workforce, dedicated to excellence and open to change.


18


LS&CO. receives Harvards Dively Award for Corporate Public Initiative.


10


LS&CO. receives the German Apparel Supplier of the Year award, the first non-German and the first jeans company to win the award.


11


Project Change, an initiative to fight institutional racism in LS&CO. communities, is launched.


The first Original Levis Stores® are opened in the United States, in Columbus Ohio.


1


LS&CO. adopts the first known set of comprehensive standards for manufacturing and finishing contractors worldwide, dealing with wages, hours, working conditions, ethics and the environment.


LS&CO. becomes the first Fortune 500 company to offer full medical benefits to the unmarried partners of its employees.


Levi Strauss North America is formed to better coordinate the strategies and needs of the business in Canada, the U.S. and Mexico.


1


Business Ethics magazine names LS&CO. as one of three companies to win its Excellence in Ethics award.


Due to positive changes in South Africa, LS&CO.s South Africa Policy Group recommends that the company modify its policy to consider doing business in that country (if free, fair, non- racial elections have been held and a Government of National Unity has been installed).


LS&CO. offices in Europe help underwrite a major photojournalistic exploration of the impact of living with AIDS.


14


Levis® Dockers® are introduced in Europe.


Fortune magazine names Levi Strauss & Co. the most admired apparel company.


Vista magazine chooses LS&CO. as one of 50 U.S. companies providing the best career opportunities for Hispanic women. The magazine especially noted LS&CO. for its appointment of Patricia Salas Pineda to its Board of Directors. Pineda receives the magazines Corporate Achievement Award.


Employees at the Customer Service Center in Canton, Miss., are honored by the White House and Congress for their volunteer work in support of children and families in the Jackson and Canton communities.


Original Levis Stores® around the globe participate in World AIDS day.


15


Dockers® Khakis, invented in Japan ten years earlier as Docker Pants, are re-introduced to Japanese consumers.


LS&CO. places No. 1 among apparel firms for the third year in a row and No. 16 overall in Fortune magazines annual list of Americas most admired corporations.


Hispanic magazine names LS&CO. among the top 100 companies that provide the most opportunities for Hispanic employees.


Carl von Buskirk, President, LS Europe, signs a charter confirming that the affiliate does not - and will not - discriminate against employees with HIV or AIDS. The charter is issued by the Belgian government and signed by representatives of seven European companies.


LS&CO. launches its first site on the Web at www.levi.com.


Levi Strauss Japan sponsors the Rolling Stones Voodoo Lounge tour.


Clayman becomes LS&CO.s first global commercial for the Levis® brand and runs in countries on all five continents.


16


LS&CO. introduces the Slates® brand, a new line of mens dress pants.


Levis® Vintage Clothing is introduced globally. LVC is a line of authentic reproductions of clothing from the Levi Strauss & Co. Archives.


The Martin Luther King Jr. Center for Nonviolent Social Change presents LS&CO. with the 16 Management Award. The Union of Needletrades, Industrial and Textile Employees (UNITE), which represents several LS&CO. owned-and-operated manufacturing facilities, made the award nomination in recognition of the unique partnership between LS&CO. and UNITE.


17


LS&CO. receives the Organizational Award for a Large Business from the Centers for Disease Control.


The company also receives the Quality of Life Award from Auburn University.


18


LS&CO. celebrates the 15th anniversary of the invention of jeans.


Levi Strauss & Co. receives the first Ron Brown Award for Corporate Leadership. CEO Bob Haas accepts the award for the company at a White House ceremony conducted by President Clinton. LS&CO. is honored with this award for Project Change (see 11).


1


Slates® brand is relaunched to offer modern, intelligent style.


Philip Marineau becomes the new President and Chief Executive Officer of Levi Strauss & Co.


Bob Haas becomes Chairman of the Board.


A flagship Original Levis Store® opens on San Franciscos Union Square.


The Presence and Publicity Department expands the companys sponsorship of music events, such as Lauryn Hills Miseducation tour and the MTV Video Music Awards.


000


LS&CO. introduces Levis® Engineered Jeans™, the reinvention of jeans for the 1st century.


LS&CO. named No. in Fortunes Americas Best Companies for Minorities.


Levi Strauss & Co. sponsors DAngelo and Christina Aguilera concert tours.


00


Levi Strauss & Co. will celebrate the 150th anniversary of its founding and the 10th anniversary of the invention of blue jeans by Levi Strauss & Jacob Davis.


Bob Haas is the Chairman of Levi Strauss & Co. (LS&CO.) and the great-great-grandnephew of the companys founder, Levi Strauss.


Haas, 61, was named chairman in 18 and served as chief executive officer from 184 to 1. As CEO, Haas was instrumental in leading the company through a business turnaround that resulted in more than a decade of rapid sales growth and profit expansion. He led the successful effort to take the company private through a leveraged buyout in 185. In addition, he oversaw the creation of the Dockers® and Slates® brands, and spearheaded the companys substantial international development.


Haas joined LS&CO. in 17. He has served as marketing director and group vice president of Levi Strauss International, director of corporate marketing development, senior vice president of corporate planning and policy, president of the operating groups and executive vice president and chief operating officer of the company.


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