Professional Documents
Culture Documents
%XLOGLQJ&RUSRUDWH
5HSXWDWLRQE\
6LPSOLI\LQJ
&RUSRUDWH5HSRUWLQJ
7HDP)LLQRYDWLRQ
:HXQZLWWLQJO\MXGJHSURGXFWVE\WKHLU
ER[HVERRNVE\WKHLUFRYHUVDQGHYHQ
FRUSRUDWLRQ
VDQQXDOUHSRUWVE\WKHLUQLFH
JORVV\ILQLVK
/HRQDUG0ORGLQRZ
,WLVDQHVWDEOLVKHGIDFWWKDWVRFLRHFRQRPLFWXUEXOHQFHKDVDQ
LPSDFW RYHU WKH LQWHUHVWV RI VWDNHKROGHUV7KH VRFLRHFRQRPLF
WXUEXOHQFHPLJKWEHFDXVHGE\DSROLWLFDOIXURUHRUPLJKWEHD
FROOHFWLYH HIIRUW RI WKH SHRSOH )RU H[DPSOH WKH VWDNHKROGHUV
LQWHUHVWGXULQJDQDWXUDOGLVDVWHUZRXOGEHGLIIHUHQWWKDQWKHRQH
UHODWHGWRFOLPDWHFKDQJH$VWDWHHOHFWLRQRUDFRUUXSWLRQVFDQGDO
PLJKWHQVXUHWKDWWKHVWDNHKROGHUVFKDQJHWKHLUSHUFHSWLRQDERXW
DQRUJDQLVDWLRQRUDFRUSRUDWHJURXS7KHUHIRUHXQGHUVWDQGLQJ
WKHIOXFWXDWLRQVLQWKHLQWHUHVWOHYHORIWKHVWDNHKROGHUVLW
VFUXFLDO
WRPDLQWDLQDFOHDQDQGJRRGLPDJHIRUDQRUJDQL]DWLRQLQIURQWRI
WKHSXEOLF
8QGHUVWDQGLQJ WKLV EDVLF WKLQJ PRUH RIWHQ WKDQ QRW VHQLRU
FRUSRUDWHFRPPXQLFDWRUVUHVRUWWRVRFLDOUHVSRQVLELOLW\UHSRUWVWR
FRPPXQLFDWH ZLWK WKHLU VWDNHKROGHUV HVSHFLDOO\ WKH
VKDUHKROGHUV &RUSRUDWH 5HSRUWLQJ KDV RYHU WKH \HDUV QRZ
HYROYHG LQWR D PHFKDQLVP WR HQFRXUDJH PDQDJHUV WR GHYHORS
WKHPVHOYHV DV ZHOO DV XVH RUJDQL]DWLRQDO SHUIRUPDQFH WR
FRPPXQLFDWH SRVLWLYH LPSDFW WR WKH VWDNHKROGHUV )RU WKLV
FRUSRUDWLRQVKDYHEHHQLQQRYDWLQJDVWRKRZEHVWFDQWKH\PDNH
WKH LQYHVWRUV DQG VWDNHKROGHUV DZDUH ,Q 86 6WHHO
SXEOLVKHGDQDQQXDOUHSRUWZKLFKZDVDILQDQFLDODXGLWE\3Z&
PDNLQJLWWKHHDUOLHVWPRGHUQFRUSRUDWHDQQXDOUHSRUW7KLVZDV
VHHQDVWKHEHJLQQLQJZKLFKUHDFKHGDVWDJHLQZKHQWZR
SURIHVVRUV 5REHUW .DSODQ DQG 'DYLG 1RUWRQ LQWURGXFHG WKH
%DODQFHG6FRUHFDUG
7KH %DODQFHG 6FRUHFDUG IRFXVHG RQ PDMRU ILQDQFLDO DQG QRQ
ILQDQFLDOLQGLFDWRUVZLWKIRXUFDWHJRULHVSHRSOHDQGNQRZOHGJH
LQWHUQDOFXVWRPHUDQGILQDQFLDO&RUSRUDWLRQVWKDWDGRSWHGWKH
%DODQFHG 6FRUHFDUG XQGHUVWRRG WKH QHHG WR FRPPXQLFDWH WR
HYHU\RQHLQDFOHDUDQGVLPSOHPDQQHU$QRWKHUDSSURDFKWKDW
EHFDPH SRSXODU DPRQJ FRUSRUDWLRQV LV WKH WULSOH ERWWRP OLQH
DSSURDFKEDVHGRQZKLFK*OREDO5HSRUWLQJ,QLWLDWLYHHVW
LQWURGXFHG * *XLGHOLQHV IRU 6XVWDLQDELOLW\ 5HSRUWLQJ 7KLV
DSSURDFKKHOSVFRUSRUDWLRQVUHSRUWWRVWDNHKROGHUVQRWMXVWRQWKH
ILQDQFLDO DVSHFWV EXW DOVR SURYLGHV GHWDLOV RI WKH FRUSRUDWLRQ
V
HQYLURQPHQWDODQGVRFLDOLPSDFWV7RGD\WKLVDSSURDFKKDVEHHQ
ZLGHO\DFFHSWHGDVDSURDFWLYHZD\WRSURYLGHVWDNHKROGHUVZLWK
ZZZLRGRQOLQHFRP