How to download files here

[Sergey]

Hey guys, I could not figure it out how to download file so, here is
my work copied adn pasted.


AT&T reaches countries representing 97 percent of the world’s
economy. Serving all of the Fortune 1000 customers on six continets.
They get consumers quotes and testimonies about their wireless
devices, included in their annual report. Giving examples of how
consumers use their technology, whether it is to record favorite
programs, call 911, or for staying connected with one another, or to
use the coastal navigation.
They also show how much other businesses dependent on AT&T such as
Hertz, Shell etc.
They show their commitment to sustainable business and green
technologies.

Even at the beginning in chairman’s statements AT&T says our company
and We whereas Vodafone’s chairman saying your company to investors
and stockholders.
For the At&t the financial documents filed as of December 31 and for
Vodafone as of March 31 2009
November 2008 revised strategy
In light of the changing environment the Group revised its May 2006
strategy. The new key target is to focus on driving free cash flow
generation. This target is supported by four main objectives: drive
operational performance, pursue growth opportunities in total
communications, execute in emerging markets and strengthen capital
discipline.
Income Statements differ from the beginning At&T start with operating
revenues, in order than expense than operating income, and interest
expense, where as Vodafone’s consolidated income statement starts with
Revenues than cost of sales but it is just another name for the
operating expenses, but then there starts to be different when after
the Gross Profit, Vodafone starts showing the difference on the income
statement including all the expenses and taxes and other sources of
income.
Vodafone has 79000 employees worldwide as of 2009.

While Vodafone shows their infrastructure of the networks using a
chart, AT&T uses story like example of one hour in life of AT&T
network.
“SCM is a major contributor to the Vodafone cost reduction programme,
achieved through a unified approach using global price books and
framework agreements, a standardised approach to e-auctions, the
introduction of low cost network vendors and achieving best in class
pricing for IT storage and servers.” (Vodafone Annual Report, 2009)
Vodafone changed the shape and size of its organization during the
2009 financial year to accommodate growth within the business as well
as to create a leaner, more agile structure with clearer reporting
lines and accountabilities across the Group. Changes included
- creation of three regions (Europe, Africa and Central Europe and
Asia Pacific and Middle East), each managed by a Regional CEO;
- centralization of teams who manage activities that benefit from the
Group’s global scale, including terminal procurement, supply chain, IT
and network programs and product development;
- continued integration of new acquisitions;

- restructuring and cost efficiency activities in some operating
companies.
Great training program for employees at the Vodafone, Inspire for the
leaders of tomorrow
According to key performance indicators Vodafone has progressed since
2008in such KPIs as Free cash flow, Service Revenues and related
organic grow, Data revenue, Adjusted operating profit and some other
areas.

KPI Purpose of KPI 2009 2008 2007
Free cash flow before licence and spectrumpayments Provides an
evaluation of the cash generated by the Group’s operations and
available for reinvestment, shareholder returns or debt reduction.
Also used in determining management’s remuneration. £5,722m £5,580m
£6,343m
Service revenue and related organic growth(2)
Measure of the Group’s success in growing ongoing revenue streams.
Also used in determining management’s remuneration. £38,294m
(0.3)% £33,042m
4.3% £28,871m
4.7%
Data revenue and related organic growth(2)
Data revenue is expected to be a key driver of the future growth of
the business. £3,046m
25.9% £2,119m
39.0% £1,405m
30.7%
Capital expenditure
Measure of the Group’s investment in capital expenditure to deliver
services to customers. £5,909m £5,075m £4,208m
EBITDA and related organic growth(2)
Measure used by Group management to monitor performance at a segment
level. £14,490m(3.5)% £13,178m2.6% £11,960m0.2%
Customer delight index
Measure of customer satisfaction across the Group’s controlled markets
and its jointly controlled market in Italy. Also used in determining
management’s remuneration. 72.9 73.1 70.6
Adjusted operating profit and related organic growth(2)
Measure used for the assessment of operating performance, including
the results of associated undertakings. Also used in determining
management’s remuneration. £11,757m2.0% £10,075m
5.7% £9,531m
4.2%
Proportionate mobile customers(1)
Customers are a key driver of revenue growth in all operating
companies in which the Group has an equity interest. 302.6m 260.5m
206.4m
Proportionate mobile customer net additions(1) Measure of the Group’s
success at attracting new and retaining existing customers. 33.6m
39.5m 28.2m
Voice usage (in minutes) Voice usage is an important driver of revenue
growth, especially given continuing price reductions in the
competitive markets in which the Group operates. 548.4bn 427.9bn
245.0bn
Notes:
(1)



Operating profit for Vodafone decreased, because of the growth in
adjusted operating profit being more than offset by impairment losses
in relation to operations in Spain, Turkey, and Ghana. Unfavorable
changes in macro economic assumptions generated large sum of 550
million pounds charged and recorded in the second half of the
financial year in relation to Turkey, and all of the charge in
relation to Ghana. It became one of the factors that brought down
profit for the financial year.
The Calculation
EBITDA is calculated by taking net income and adding interest, taxes,
depreciation and amortization expenses back to it. EBITDA is used to
analyze a company's operating profitability before non-operating
expenses (such as interest and "other" non-core expenses) and non-cash
charges (depreciation and amortization).

Analysis of Vodafone performance.

As it stated by the Board of Vodafone the consolidated financial
statements, prepared in accordance with IFRS as issued by the
International Accounting Standards Board (‘IASB’) and IFRS as adopted
by the EU, give a true and fair view of the assets, liabilities,
financial position and profit or loss of the Group.
Disclosure of the audit report by an independent firm specified that
the audit was performed according with standards of Public Company
Accounting Oversight Board (United States), and prepared in conformity
with IFRS as adopted by EU.


According to Vodafone’s consolidated income statement, company’s
Revenue is almost £6million up compare to the year 2008; however their
cost of sales is up as well by almost £4million, thus making the gross
profit for the company only about £2millions higher than the 2008.
Operating profit, on the other hand, is approximately £ 5 million
lower than in 2008 due to the recorded impairment loss in 2009. Profit
for the financial year 2009 was significantly lower than in 2008 by
almost £7 million; however in 2007 group were at loss of almost £10
million.
According to the recognized income and expense statement, net gain
recognized directly in equity is significantly higher in 2009 than
2008 because of the higher exchange differences on translation of
foreign operations, net of tax. However, the total recognized income
and expense relation for the year is almost one million pounds lower
than in 2008because of the difference in the profit/ loss for the
financial year.
On the consolidated balance sheet Vodafone shows great positive
difference in the non-current assets, approximately £21 million more
than in 2008, thanks to significant increases in investments
associated undertakings ( note 14) and smaller increases in Goodwill,
other intangible assets (note 9), Property plant and equipment ( note
11), and trade and other receivables (note 17).
Current assets showed great increase in cash and cash equivalent of
little over £ 3 million, making total assets looking about £25 million
greater than the year 2008.
Total equity of the Group is about £8million higher, due to the great
increase in Accumulated other recognized income and expense (note22).
Even though total liabilities increased due to the increase in long
and short term borrowings, the total equity is still exceeds total
liabilities by almost £17 million.
Consolidated cash flow statement indicates that cash flow for the year
2009 exceeds by over £3 million over the 2008 (Note 18).
Now before looking into notes we can conclude that Vodafone doing
rather well in current economy, even though it was affected by
decrease in operating profit, the group has better liability/ equity
ratio and increased their assets significantly.

[Rauf Mammadov]

this will work. and i think you can upload files now. i had to change
something.

btw, when can we get together to put together what we both have?..and
actually compare 2 companies. all i have right now is separate
analysis of 2 companies. this week is really busy, but maybe end of
the week or even next week.

[lynze...@gmail.com]

Up date: Together aj and I have about 8 typed pages worth of info...
Sent via BlackBerry from T-Mobile

[Alexander Stehle]

yeah, we killed it, but i think we have at least another 8 pages. and sergey, woo-wee!!! nice job buddy. don't forget to study for blaw though. it's going to be a doozie.