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Essay / Research Paper Abstract
This 10 page paper looks at three companies; United Group Limited (ASX code: UGL), Woodside Petroleum Limited (ASX code: WPL), Babcock & Brown Limited (ASX code: BNB). The paper outlines their area of business and background to the business, financial performance and looks at the impact of Australian accounting standards harmonising with international financial reporting standards with AIFRS. The bibliography cites 8 sources.
Page Count:
10 pages (~225 words per page)
File: TS14_TEAIRFS.rtf
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Unformatted sample text from the term paper:
operating in Asia, the Middle East, North America and parts of Europe (UGL, 2008). The company stared out as a small engineering construction firm in Perth and has
grown into a large firm with interests in a number of engineering and related areas (UGL, 2008). The company has a number of business units that offer engineering,
construction, as well as services to a range of industries, including the defense industry, road, rail and transportation industries, and utilities of power, water and communications (UGL, 2008).
UGL Rail specializes in the range of services for the rail industry including the provision of equipment such as passenger cars and freight
wagons from design through to manufacture, maintenance and refurbishment (UGL, 2008). UGL Resources serve the resources sector, which includes the oil, gas and chemicals industries and UGL Services provides
a wide range of outsourcing services, which include, but are not limited to real estate, the management of facilities, human resources, procurement and finance and accounting (UGL, 2008). In
1994 when the company made its initial public offering it was known as United Construction, but changed its name in 1997 to United Group Ltd.
As part of the growth there has been a strategy of acquisition, companies acquired which have added resources and business spread to the company include Kilpatrick
Green, the rail company Goninan, Thames Water Projects Asia, as well as Chicago based Equis Corp., and Boston based UNICCO Service Company (UGL, 2008). If we look at the
performance of the company according to the annual accounts this looks as if the company is doing well, with a turnover of $2.56 billion1 for 2007, up from
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