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Essay / Research Paper Abstract
This 18 page paper examines the well known aerospace, marine and energy engineering company by looking at the 2003 annual accounts. The paper examinees the company, its' history, accounting policies and financial performance. The bibliography cites 2 sources.
Page Count:
18 pages (~225 words per page)
File: TS14_TErollsroy.rtf
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Unformatted sample text from the term paper:
a globally recognised name, associated with engineering and aerospace. However the company is more than an aerospace company, as well as having a civil and a defence aerospace division
there is also a marine division and an energy division. In each market research and development help the company remain at the cutting edge, always seeking to gain a first
mover advantage as well as maintaining a reputation for quality and reliability (Rolls Royce, 2004; PG1). The company appears to be managing these divergent business units effectively, as
each are showing an increase in market share year on year. Companies that make purchases form Rolls Royce include in excess of 500 airlines, 2,000 marine customers, of which 50
are navies and 4,000 corporate customers, including utilities operators and helicopter operators (Rolls Royce, 2004; PG). The company also suppliers 160 armed forces. The customers are spread globally in more
than 150 countries (Rolls Royce, 2004; PG). To supply these customers the company has 35,000, the majority, 21,000, are based in the UK, 5,000 work for the
company in Europe and 8,000 are employed in North America (Rolls Royce, 2004; PG). In order to safeguard the future and maximise the use of resources one strategy is to
increase the income gained form services, this has been successful with services income increasing by 60% over the last five years (Rolls Royce, 2004; PG). Today the company has
a turnover of nearly ?6 million a year and an order book with ?18 million worth of orders. Nearly have of the income gained comes from services (Rolls Royce, 2004;
PG). The company has developed a great deal from the days of its origin. 2. History The company began in 1884, when Henry Royce started a mechanical and electrical business.
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