Osteopathy free essay sample

More than forty-five percent of all osteopathic doctors are general experts or family specialists. Similarly as with clinical specialists, osteopaths have office practices and work in medical clinics. Around fifteen percent of all osteopathic doctors are experts in such fields as medical procedure, obstetrics and gynecology, pediatrics, psychiatry, nervous system science, and inside medication. Few osteopathic doctors have salaried situations in osteopathic medical clinics and universities, private industry, and government organizations. So as to be an osteopath you are required to experience broad preparing. Osteopathic clinical instruction requires 4 years of fulltime, thorough, and complete clinical training. When graduated and having achieved the D. O. certificate (Doctor of Osteopathy) preceding being qualified to rehearse, the osteopathic doctor must finish a further 2 to 5 years of fulltime residency preparing in the claim to fame based on their personal preference, for example, interior medication and subspecialties, medical procedure and subspecialties, orthopedics, pediatrics, obstetrics and gynecology, crisis medication, psychiatry, dermatology, pathology, family medication, or musculoskeletal medication (manual treatment osteopathy). We will compose a custom paper test on Osteopathy or on the other hand any comparative point explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page There are 18 guaranteeing sheets with 85 claims to fame and subspecialties. Endless supply of residency preparing, claim to fame accreditation assessments are required. Significantly after the necessary instruction and preparing osteopaths despite everything go to training courses with the goal that they can be refreshed on the entirety of the current procedures that could be utilized for various circumstances. Osteopaths are required sure abilities that will empower them to carry out their responsibility proficiently and incredibly. Osteopaths initially need to have an extraordinary nowledge of the human life structures, with the goal that they realize where everything ought to be and how one illness could likewise be influencing another piece of the body. Listening aptitudes are significant while seeking after a vocation as osteopaths. This will be utilized to decide or analyze what is causing the ailment or infection and would likewise control them in utilizing the best possible t reatment. Viable relational abilities are fundamental to associate appropriately with patients. Osteopaths need to disclose things plainly to patients all the more particularly theâ treatment strategies that will be utilized. They should realize how to make the patient agreeable since they would utilize feeling of touch to analyze and treat medical issues. This is the explanation they have to likewise have great eye-hand coordination. They should be touchy and persistent. It will be useful on the off chance that they appreciate thinking about others. They should be quick to subtleties particularly while assessing the patient’s clinical history. An osteopath will ordinarily rehearse their abilities in a center in the start of their vocation all together sharpen their aptitudes while being managed by an accomplished osteopath. This is just discretionary, however it is useful for their profession. An osteopath has numerous obligations and duties that they need to do during their day. Their obligations incorporate sorting out and keep their customers individual data. You should have the option to analyze and treat the illness or malady that is influencing their customer by depending on clinical just as careful modalities. Osteopaths will address issue and burdens of bones, muscles, nerves, and other body frameworks by therapeutic and surgeries and, when considered useful, manipulative treatment. Osteopaths will utilize analytic pictures, drugs, and different guides to analyze and treat substantial debilitations. A few osteopaths will rehearse clinical or careful claim to fame. Since most osteopaths work secretly their week after week hours will contrast from others, however regularly they work 40 to 50 hours every week. An osteopath doesn't have a great deal of worry in their workplace. This is on the grounds that they are for the most part their own supervisors just as in charge of their work hours and don't have any cutoff times. An osteopath’s compensation and wages rely upon their experience, aptitude, also s the measure of hours they work seven days. The run of the mill osteopath makes 90-140 dollars 60 minutes. Since osteopaths can work in various conditions, for example, government organizations, private practices and even from home; their hours will shift in an unexpected way. On normal an osteopath will make $160,000 every year. Despite the fact that this can extend from 90-170,000 dollars. In the wake of being an osteopath for a specific measure of years you could turn into an osteopath college instructor. I picked osteopathy as my calling since the vocation my mother has picked. I needed to do this since I never truly saw how osteopathy functioned or the entirety of the stuff that she does. In the wake of investigating this calling I am exceptionally inspired by it as a result of the adaptable timetable and the great compensation. I believe that the sort of individual that would be keen on this activity would be a pleasant individual that appreciates helping individuals just as to show restraint so as to endure patients that are hard to manage. This individual would need to be body savvy just as individuals shrewd. On account of profession considers I have discovered that this sort of occupation is most likely not the best for me. I don't have the persistence to manage this activity, as I am a practitioner as per profession considers. In my sorts of knowledge sheet it says that I am not body shrewd and realizing the body is the most significant part of being an osteopath. Likewise, for my vocation proposal sheet it recommends that I do tasks that are outside and not employments that have me inside for the whole day. Subsequent to taking vocation contemplates I have secured that the positions that were proposed for me to take were employments that I had as of now that of doing, for example, fireman, cop and animal specialist.

Antonym Brutes Free Essays

So recollect when you are settling on a choice, contemplate internally if there will be an outcome included that can transform you. He lives by his wiles just as his fearlessness. He is an intelligent person. We will compose a custom paper test on Antonym Brutes or on the other hand any comparative subject just for you Request Now Frequently he transparently valuates a circumstance, showing the rationale he utilizes in settling on his decisions. At the point when it demonstrates successful, Odysseus deceives his own family, cheats, takes, in manners that we would not anticipate from an epic legend. Despite the fact that he IS self taught, his civility is at times the base of his difficulty. He is happy to take care of information, for instance: he demands hearing alarms call, despite the fact that he should have himself unbearably tied to the pole of his boat with the goal that he can't surrender to the enticement. Teeter’s choice of going in the kayak without anyone else can bring incredible outcomes. In the event that she ever suffocates, there uproarious be no one close by to spare her, and on the off chance that doesn’t have a telephone, at that point no one could come help her, except if she shouts for help. Since she goes far, her folks probably won't have the option to hear her. Additionally her incapacity could bring risks, including dropping out, or if the waves get enormous for the pontoon to fall over. Teeter’s guardians ought to know about the results that could occur alongside her choice and her folks ought to consistently assist her with being readied and know. Savages and his conflicting conduct and activities lead to his demise, and brought numerous outcomes. At the point when he realizes that he will be highlighted by Antonym, Brutes doesn't request that anyone murder him, yet rather he inquires as to whether one of the officers will hold a blade for him to execute himself with. As a result of his choice to join the death, Brutes loses everything that made a difference to him. He neglects to follow the experience of cassias, and tune in to his proposals. All in all, results can be disagreeable, and unwelcoming to anyone on this planet. Odysseus, Teresa, and Brutes every single confronted outcome from that point choices made, and ought to have settled on something else that would bring harmony and satisfaction. At the point when confronted a resulting, you may very well need to uncovered it. The most effective method to refer to Antonym Brutes, Papers

Power integrations Research Paper Example | Topics and Well Written Essays - 3000 words

Force incorporations - Research Paper Example Distinguish and examine the showcasing and appropriation channels used to impart and convey an incentive to their business clients 8 8.What is the mechanical system created by the organization to help their business clients? 9 Part 4 9 9.Describe the promoting methodology utilized by the providers to arrive at the diverse portion of clients 9 10.How does the organization section their business clients and make an incentive for each fragment? 10 11.Describe each fragment and the important relationship type and correspondence exercises for each section. 10 Part 5 11 12.Describe the sorts of connections that can be created with business clients and recognize the key correspondence procedures that are pertinent to every relationship approach 11 13.Describe the business the executives approach utilized by the organization to manufacture relationship 12 14.Analyse the channel and deals the board the organization uses to convey administrations and worth 12 Part 6 13 15.How business client d oes see cost, advantages and cost in assessing an item/administrations offer from a provider? 13 Part 7 14 17.Discuss how the organization utilizes the business promoting blend to make an upper hand and convey esteem 14 Reference 16 Part 1. Investigate the purchasing procedure utilized by various portions of business clients. ... mpanies represented over 62% of the worldwide force gracefully incomes, while the hostage producers represented the staying 38% of the income of the organization. While the all out number of producers of intensity supplies surpassed 1000, there were just 30 force gracefully organizations whose yearly incomes surpassed $100 million, while another seventy five percent yielded under $5 million of income consistently. The maker deals of the AC/DC converter power supplies represented a sum of $11.2 billion in the year 2001. The yearly shipment of new inside and outer AC/DC power supplies totalled around 1 billion units around the same time. The custom force supplies were intended for explicit applications and the standard force supplies were intended for meeting various applications. 2. Talk about the key factors that will influence the purchasing procedure and choices for a business client One of the significant quality of business clients is the purchasing procedure and the dynamic proc edure. The hierarchical purchasing choice or the conduct is regularly named as the â€Å"decision making process† through which formal association will in general build up the necessary requirements for the necessary items just as administrations and moreover recognize and assess lastly look over the ideal brand and providers. In this manner two key variables of purchasing conduct incorporate the entertainers of trade and the idea of trade. The on-screen characters are the conventional associations and therefore the purchasing procedure is extremely perplexing. The quantity of individuals in the purchasing choice focus regularly fluctuates and the job of the trough move which relies upon the purchasing choice and different phases of the purchasing choices. Besides the trade volume and force in the B2B trade contrasts from the individual purchasing choice

DETECTION OF ANTIVIRAL ANTIBODIES IN SERUM USING AN ELISA TECHNIQUE Essay

Identification OF ANTIVIRAL ANTIBODIES IN SERUM USING AN ELISA TECHNIQUE - Essay Example These immunoglobulins are of five sorts and they are distinctive dependent on size, charge, amino corrosive creation and sugar content. the class and the sort of immunoglobulin atom is dictated by the overwhelming chain type. There are two light chains and two overwhelming chains. There are C and N-terminal in the overwhelming chains. (Crowther 1995). The N-terminals of the IgG comprise the antigen - restricting site. People can get impervious to numerous irresistible maladies by dynamic or aloof vaccination. The gainful impacts of the vaccination are interceded by the antibodies and the impact of inoculation is intervened by the immunoassays. (Crowther 2001). The estimation of the antigen and counter acting agent by utilizing delicate examines are the helpful pointers of the resistant status. At the point when an irresistible operator enters the human body, the segment is distinguished as the outside molecule and antibodies are created against them. These antibodies interface with t he antigens and lessen the heap. (Edwards 1999). The immunoassay strategy recognizes the antigens, antigen - particles present in the blood and give the outcomes. Every immunizer is explicit for an antigen. ELISA is fundamentally of two kinds: serious and non-serious ELISA. ELISA includes two site acknowledgment with two distinct antibodies (i.e.) a circuitous estimation. Serious ELISA is unique in relation to the sandwich ELISA and aberrant ELISA. In the initial step the unlabelled counter acting agent is hatched on the nearness of the antigen. This antigen-immune response limited is added to the antigen-covered well. The plate is washed and the second counter acting agent explicit to the essential immunizer is included and the subsequent neutralizer is coupled to the catalyst. At the point when the substrate is included, the sign is radiated by the rest of the chemical. In this ELISA, in the event that the antigen fixation is extremely high, at that point the sign will be exceptio nally frail. This strategy is basically used to test the tainted and unrefined examples. This strategy is extremely helpful for the identification of HIV. For HIV finding, the patient's example and the protein marked counter acting agent (conjugate) is added all the while to the strong stage. HIV antibodies, if present in the example will spot to the conjugate immune response and decrease the sign. In this way on the off chance that the shading response is created, at that point it shows that there are no HIV antibodies in the given example. Utilizations of ELISA incorporate screening of the gave blood for viral pollutions( HIV types, Hepatitis B and C, HTLV-1 and 2), estimating the hormone levels( pregnancy(HCG), ovulation( LH), thyroid capacity ( TSH, T3 and T4), anabolic steroids, hormones), recognizing contaminations( HIV, syphilis, chlamydia, gondii), identifying allergens in nourishments and poisons in nourishments, estimating the centralization of the antibodies and distingui shing illegal medications ( cocaine, sedatives, cannabis, and so on.), estimating auto antibodies in immune system sicknesses and estimating rheumatoid components . (Sheehan 1997). (Wreghitt and Morgan-Capner 1990). Rule When an immune response is connected to the chemical and permitted to respond with the immobilized antigen, antigen-immunizer response happens. This is distinguished by the creation of shading by the substrate compound response. The antigen is immobilized in either a microtiter plate or on nitrocellulose layer. A chemical named counter acting agent is included overabundance to the framework and these ties to the immobilized antigen. Abundance neutralizer is evacuated by washing and the substrate explicit for the

A Summer Update

A Summer Update Khan Academy has been running small-scale summer camps since 2009 to better understand different models of learning and many of you have asked whether we are continuing them this year. Unfortunately, we are not. However, we have learned so much from those camps that we are now exploring a longer duration, but smaller scale, learning lab in the coming months. This will be set up to let us have an even more hands-on and sustained approach to research blended learning and education innovation, which will also let us experiment and share our learnings with schools and networks around the world. This is just one of the many ways we’re learning from educators and students: we connect with hundreds of thousands of folks who use Khan Academy in their classrooms, we run pilots with numerous schools including Idaho State and of course facilitate our teacher workshops. These avenues help us understand so much more about creative ways to teach, and also help make our platform even more useful for learners everywhere. Stay tuned: we’ll post more updates in the coming months, and we look forward to sharing what we learn soon - sign up here if you’d like to hear more about it. In the meantime, to beat the summer slump, come check out our math missions from early math through calculus! Posted by Jason Pittman and Sonia Cho (Two of the teachers who’ll be facilitating the learning lab).

A Summer Update

A Summer Update Khan Academy has been running small-scale summer camps since 2009 to better understand different models of learning and many of you have asked whether we are continuing them this year. Unfortunately, we are not. However, we have learned so much from those camps that we are now exploring a longer duration, but smaller scale, learning lab in the coming months. This will be set up to let us have an even more hands-on and sustained approach to research blended learning and education innovation, which will also let us experiment and share our learnings with schools and networks around the world. This is just one of the many ways we’re learning from educators and students: we connect with hundreds of thousands of folks who use Khan Academy in their classrooms, we run pilots with numerous schools including Idaho State and of course facilitate our teacher workshops. These avenues help us understand so much more about creative ways to teach, and also help make our platform even more useful for learners everywhere. Stay tuned: we’ll post more updates in the coming months, and we look forward to sharing what we learn soon - sign up here if you’d like to hear more about it. In the meantime, to beat the summer slump, come check out our math missions from early math through calculus! Posted by Jason Pittman and Sonia Cho (Two of the teachers who’ll be facilitating the learning lab).

Cyclon Hellas Sa In The Industrial Production Of Lubricants Finance Essay - Free Essay Example

PART 1 Cyclon Hellas is a company that operates in Greece in the industrial production of lubricants and the production and trade of packaged lubricants as also at the distribution of liquid fuels. Cyclon Hellas main target, is to provide quality products and services that respect both the needs of consumers and the environment. Since the beginning of the company which is estimated around 1981, through research and technological performance the company archived a high quality and ecological dimension of the products it developed.   Even the high competition not only in Greece but also in rest of Europe and Middle East, Cyclon Hellas has achieved to expand and play a great role among these markets only by maintaining the same philosophy, which springs not only from its consumers liability and satisfaction but also their partners collaboration.. PART 2             INCOME STATEMENT (Amounts in ÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬ 000)                   YEAR YEAR          2009 2008 Turnover 372.651 403.615 Cost of Sales 349.536 377.393 Gross Profit/Loss 23.115 26.222       Selling Expenses 15.891 16.669 Administrative Expenses 4.725 4.529 Plus/ Minus Other Operating Income/Expenses 3.778 3.362       Profits before Interest/Depreciation 6.277 8.386 And Taxes/EBITDA          Plus/Investments income/Profits 3.78 591 From Associate Companies          Minus Financial Expenses 2.084 2.976 Profit before Depreciation and Taxes 4.571 6.001 Minus Total Depreciation 2.697 2.409       Net Profit before Tax 1.874 3.592 Minus Taxes 820 1.436       Profit after Tax 1.054 2.156       ATTRIBUTABLE TO:    Equity Shareholders 1.060 2.147 Minority Interest (6) 9 Net profit/(loss) after tax 1.054 2.156       Basic earnings/(losses) per Share EPS (in euro) 0,0397 0,0807 Diluted earnings/(losses) per share (in euro)          Other State revenue    Foreign Currency Translation (8) 1 TOTAL       1.046 2.157                ANNUAL BALANCE SHEET (Amounts in ÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬ 000)       YEAR YEAR    2009 2008 ASSETS    Non-Current Assets    Tangible Assets 33.090 32.752 Investments in Real Estate 2.007 2.015 Intangible Assets 603 844 Participation in Subsidiaries and Affiliated Companies 33 33 Goodwill 467 467 Other Long Term Receivables 4.288 4.792 Total non-Current Assets 40.488 40.903 Current Assets    Investments    Inventories 8.510 9.295 Trade and Other Receivables 49.028 57.538 Cash and Cash Equivalents 4.243 6.034 Total Current Assets 61.781 72.867 TOTAL ASSETS 102.269 113.770       SHAREHOLDERS EQUITY AND LIABILITIES    SHAREHOLDERS EQUITY    Share Capital 12.532 12.532 Reserves 2.105 2.113 Retained earnings 14.705 13.645 Total Shareholders equity attributed to shareholders of the parent 29.342 28.290 Minority Interest 18 24 Total Equity 29.360 28.314 Long Term Liabilities    Long Term loans /(Leasing Liabilities) 373 16.745 Deferred Tax Liabilities 3.740 3.510 Employee Benefits 3.735 3.750 Grants 92 310 Trade and Other Long Terms Paybles 85 74 Total Long Term Liabilities 8.025 24.389 Short Term Liabilities    Trade and Other Sort Terms Paybles 35.686 33.906 Short Term Loans 29.198 29.198 Long Term Liabilities (payable next year) 0 4.000 Other payables and Accrued Expenses    Total Short Term Liabilities 64.884 61.067       TOTAL LIABILITIES 72.909 85.456 TOTAL LIABILITIES AND EQUITY       102.269 113.770 CASH FLOW (Amounts in ÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬ 000)             YEAR YEAR    2009 2008 Profit/(losses) before Taxes and Minority Interest 1.874 3.592 Plus / (minus) adjustments for    Depreciation 2.697 2.409 Forecasts 142 (678) Grants Depreciation (165) (147) Transaction Changes (235) (6) (Profit)/loss from sale of fixed assets (268) (52) Interest charges 2.024 2.590 Operating Profit before adjustments in Working Capital    (Increase)/decrease in receivables 9.016 (14.268) Decrease/ (Increase) in Inventories 736 (1.164) Increase/(decrease) in liabilities 1.616 381 Interest Paid (2.024) (2.454) Income Tax Paid (335) (394) Cash flows from operating activities 15.078 (10.953)       Investing Activities    Receipts from sales of Tangible and Intangible Assets 2.919 4.422 Interest received 262 158 Receipts from sale of Subsidiaries 0 83 Cash flow from Investing Activities 2.534 3.981       Financing activities    Proceeds from loans 0 16.919 Payment of Liabilities from Financial Leasing 238 131 Receipt from fixed assets grants 0 91 Repayment of Loans 14.097 0 Cash flow from financing activities 14.335 16.839       Net increase in Cash and Cash Equivalents (1.791) 1.905 Cash and Cash Equivalents at 1st of January 6.034 4.129             Cash and Cash Equivalents at the end of December    4.243 6.034 PART 3 Group Ratios for Years 2009-2008 YEAR 2009 2008 RETURN ON CAPITAL EMPLOYED       27,8 21,5 RETURN ON EQUITY       12,8 24,5 RETURN OF SHAREHOLDERS CAPITAL (CAPITAL AFTER TAX)    7,2 14,7 RETURN ON ASSETS       1,83 3,15 GROSS PROFIT MARGIN       6,2 6,5 CURRENT RATIO       0,95 1,19 QUICK RATIO       0,48 0,58 DEBT / EQUITY RATIO       0,03 1,34 STOCK TURNOVER PERIOD       9,3 8,6 DEBTORS TURNOVER       26,2 26,7 CREDITORS TURNOVER       37,2 32,8   PART 4    STOCK MARKET RATIOS          CAPITALAIZATION          12.532.474,80 ÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬ PRISE PER SHARE (price taken from Athens Stock Market DD 20/01/2010) 0.72 ÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬ TOTAL SHARE AMOUNT          17.406.215,00 ÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬       EARNINGS PER SHARE    0.04 ÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬          P/E RATIO    18.0             DIVIDENTS IN YEAR 2009 1.060.000,00 ÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬    DIVIDENTS PER SHARE 0.017 ÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬    DIVIDEND YIELD 2.36%                      PART 5                  INCOME STATEMENT (Amounts in ÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬ 000)   (FORECAST FOR 1 YEAR)             YEAR YEAR YEAR YEAR    forecast % change       2010 2009-2010 2009 2008 Turnover 354.018 -5,0% 372.651 403.615 Cost of Sales 333.000 -6,0% 349.536 377.393 Gross Profit/Loss 21.018 -9,0% 23.115 26.222          Selling Expenses 15.500 -2,5% 15.891 16.669 Administrative Expenses 4.900 3,7% 4.725 4.529 Plus/ Minus Other Operating Income/Expenses 3.900 3,2% 3.778 3.362          Profits before Interest/Depreciation 4.518 -28,0% 6.277 8.386 And Taxes/EBITDA                Plus/Investments income/Profits 700 85,0% 378 591 From Associate Companies                Minus Financial Expenses 1.530 -26,5% 2.084 2.976 Profit before Depreciation and Taxes 3.688 -19,3% 4.571 6.001 Minus Total Depreciation 2.750 5,7% 2.697 2.409          Net Profit before Tax 938 -50,0% 1.874 3.592 Minus Taxes 430 -52,0% 820 1.436          Profit after Tax 508 -52,4% 1.054 2.156 It is expected a decrease of 5.0% concerning the Turnover of year 2010 due to the global financial crisis and the inflation change (plus the huge economical crisis in the Greek Markets) The Sales are also decreased since the increase of the gasoline, lubricants and fuel prise. The group has no problems with exchanges differences, due to the physical hedging policy. Selling Expenses will continue to grow (-2.5%). Administrative Expenses are also growing(3.7%) Longterm Loan on a euribor rate and fixed spread Financial Expenses are Decreasing (26.5%)payment for Leasing Taxation Rate is 25% for Years 2008-2009-2010 PART 6 ANNUAL BALANCE SHEET (Amounts in ÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬ 000)          (FORECAST FOR 1 YEAR) YEAR YEAR YEAR    2010 2009 2008 ASSETS       Non-Current Assets       Tangible Assets 32.000 33.090 32.752 Investments in Real Estate 2.000 2.007 2.015 Intangible Assets 580 603 844 Participation in Subsidiaries and Affiliated Companies 33 33 33 Goodwill 467 467 467 Other Long Term Receivables 4.100 4.288 4.792 Total non-Current Assets 39.180 40.488 40.903 Current Assets       Investments       Inventories 8.7460 8.510 9.295 Trade and Other Receivables 47.672 49.028 57.538 Cash and Cash Equivalents 3.700 4.243 6.034 Total Current Assets 59.832 61.781 72.867 TOTAL ASSETS 99.012 102.269 113.770 SHAREHOLDERS EQUITY AND LIABILITIES       SHAREHOLDERS EQUITY       Share Capital 12.532 12.532 12.532 Reserves 2090 2.105 2.113 Retained earnings 14.200 14.705 13.645 Total Shareholders equity attributed to shareholders of the parnt 29.500 29.342 28.290 Minority Interest 17 18 24 Total Equity 29.939 29.360 28.314 Long Term Liabilities       Long Term loans /(Leasing Liabilities) 150 373 16.745 Deferred Tax Liabilities 3.900 3.740 3.510 Employee Benefits 3.700 3.735 3.750 Grants 70 92 310 Trade and Other Long Terms Paybles 100 85 74 Total Long Term Liabilities 7.920 8.025 24.389 Short Term Liabilities       Trade and Other Sort Terms Paybles 33.939 35.686 33.906 Short Term Loans 27.214 29.198 29.198 Long Term Liabilities (payable next year)    0 4.000 Other payables and Accrued Expenses       Total Short Term Liabilities 61,153 64.884 61.067          TOTAL LIABILITIES 69.073 72.909 85.456 TOTAL LIABILITIES AND EQUITY    99012 102.269 113.770 Creditors Turnover will remain the same as 2009 (37.2) Inventories Turnover will remain the same as 2009 (9.3) Debtors Turnover will also remain the same as 2009 (26.2) Tangible Assets Will decrease equal to the annual depreciation PART 7 ANALYSIS OF Cyclon Hellas SA (GROUP) The year of 2009 was marked from : a) the impact of the global financial crisis (reducing demand, reducing prices, foreign exchange and credit risks, given the uncertainty of the market). b) The reduction of prices of petroleum products (fuels, base oils) as a result of falling international prices of crude. c) The Reduction on the demand for lubricants. Profitability (all amounts in ÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬000) The Groups turnover CYCLON Hellas SA in that year amounted to ÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬ 372.651 against ÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬ 403.615 in the corresponding period of 2008, a decrease of 7.98%.The decrease was primarily due to lower prices of petroleum products (fuel) of the parent company and the fall in sales of other activities and in particular lubricants. Operating earnings before interest, taxes, depreciation and amortization (EBITDA) In a group operating profit before tax, depreciation and amortization (EBITDA) decreased by 25% and determined the amount of ÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬ 6.277 compared to ÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬ 8.386 in fiscal year 2008.This decrease is the result of lower sales of lubricants and the profits. Net Earnings The net results of the Group, after taxes, profits amounted to ÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬ 1.054 thousand compared to profits ÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬ 2.156 in the corresponding last year 2008. Net profit after tax The net profit after tax were detrimental to this use at ÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬ 244 compared profit ÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬ 106 for the corresponding last year. The Probability Ratios Reveal: Roce: We have an increase on the level of profits in relation to overall capital employed to produce the profits (27.8 / 21.5). So the performance of the group is increasing. Roe: The decrease (almost 50%) of the efficiency of shareholders value. Roa: Since the great amount of decrease in Profit before Taxes from 3.592 to .1874 and the small deference between Total Assets of the 2 years we see that the ratio has decreased from 3.15 to 1.83 so the Group has not achieved its objective, which is the increase in sales volume and increase market share. Return of Shareholders Capital : We see , the great decrease of the Net Profit after Tax form 2.156ÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬ to 1.054ÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬ got us to the result of the simultaneously decrease of the Return of Shareholders Capital ratio from 14.7 to 7.2 (over 50%) Liquidity (all amounts in ÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬000) The company achieves effective management of liquidity risk primarily through the equation to credit period, and secondly by providing sufficient reserves (cash and bank) as well as a rapid means of securing bank financing in the event of an unforeseen emergency. The Liquidity Ratios reveal: Current Ratio: Due to the fact that the change of the rate is small (1.19 to 0.95) we assume that the Group will not have any problem to cover all its Short Term Liabilities as its Short Term Assets remain in a great level. Quick Ratio: Even though we see a low rate in both years 0.48 0.58 and the Inventories (8.510ÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬ 9.295ÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬) are not in a level that in an emergency case should be easily converted into cash in order to cover the Liabilities, the Marketable securities (16.490ÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬ 21.812ÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬) and the debtors receivables (26.768ÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬ 29.582ÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬ ) could help the Group to solve an unexpected Liquidity problem. Capital Structure (all amounts in ÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬000) The Group manages its capital to ensure that Group companies will continue to be viable maximizing return to shareholders by optimizing the ratio debt to equity. The Groups capital structure consists of debt , cash and cash equivalents and shareholders equity of the parent company include share capital, reserves and retained earnings. The capital structure of the Group is monitored on an ongoing basis. Part of this monitoring is the review of capital costs and risks. Debt/Equity Ratio: We see the great deviation between the two periods ratio 0.03 1.34 t inflects to the repayment of the loan(16.000ÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬) in year 2008 and that has helped the Group to come in such a position that can have a health operating function and also a good finance growth. Working Capital (all amounts in ÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬000) Working capital is the amount of capital which is readily available to an organization. That is, working capital is the difference between resources in cash or readily convertible into cash (Current Assets), and cash requirements (Current Liabilities). As a result, the decisions relating to working capital are always current, i.e. short term, decisions. n addition to time horizon, working capital decisions differ from capital investment decisions in terms of discounting and profitability considerations. They are also reversible to some extent. (Considerations as to Risk appetite and return targets remain identical, although some constraints such as those imposed by loan covenants may be more relevant here). Current Assets 61.781ÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬-85.456ÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬=-11.128ÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬ (year 2009) As we have a negative number we assume that the Group will not be able to operate, and that it has no sufficient cash flow to service long term debt, and to satisfy both maturing short-term debt and upcoming operational expenses. Current Assets 72.867ÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬-85.456ÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬=-12.589ÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬(year 2008) As we have a negative number also in year 2008 , we assume that the Group will not be able to operate, and that it has no sufficient cash flow to service long term debt, and to satisfy both maturing short-term debt and upcoming operational expenses. Next we will use the measure of cash flow within the operating cycle. This represents the time difference between cash payment for raw materials and cash collection for sales. The cash conversion cycle indicates the firms ability to convert its resources into cash We use the Ratio from: Years 2009 2008 Stock Turn Over Period 9.3 8.6 days Debtors Turnover 26.2 26.7 days Creditors Turnover 37.2 32.8 days Operating Cycle 2008 = 8.6+26.7-32.8 = 2.5 Operating Cycle 2009 = 9.3+26.2-37.2= -1.7 Best Inventory managerial at year 2009 which helps the Group for uninterrupted production although it reduces the investment in raw materials , it minimizes reordering costs and hence increases cash flow. The Operating Cycle has a 4.2 difference between the two operating years , the funding of the Working Capital is inevitable.(Bank loan Factoring) The cash balance in year 2008 allows the Group to meet day to day expenses, but reduces cash holding costs. In year 2009 credit terms may l attract customers, such that any impact on cash flows and the cash conversion cycle will be offset by increased revenue and hence Return on Capital