Marinecorp

In: Business and Management

Submitted By raim
Words 2945
Pages 12
Introduction MarineCorp Sdn Bhd, incorporated in 1992, was a maritime solutions provider for the SURIA group of companies. It had been vested with the authority by SURIA to regulate and enforce conformance to its policy on maritime activities. It major businesses are vessel inspection and vetting. MarineCorp also provide consulting services to SURIA and its related contractors for oil and gas’s vessel operations. In addition, MarineCorp established strategic alliances with Marine Department, the Ministry of Transport and State Port Authorities. It was also appointed as a consultant for the Port Facility Security Assessment (PFSA) by Marine Department. In the company, Hafiz Hashim was a Chief Financial Controller (CFO). He is responsible for the financial management of MarineCorp and its wholly-owned subsidiaries which are Green Port Sdn Bhd and Sungai Emas Sdn Bhd. The financial statements of the three companies will end by twelve months on 31st December 2009. Green Port ran marine facilities included pilotage and marine support, emergency response, port management and operation and marine service. In the other hand, Sungai Emas ran port facilities such as marine support, emergency response, port management and navigational safety. Question 1 Determine the economic earnings of MarineCorp Sdn Bhd, Green Port Sdn Bhd and Sungai Emas Port Sdn Bhd. Economic earnings = NOPAT- Capital Charge * MarineCorp Sdn Bhd = 15 128 917- 854 306 = RM 14 274 611 * Green Port Sdn Bhd = 31 381 168- 45 969 400 = (RM 14 588 232) * Sungai Emas Port Sdn Bhd = 5 218 364- 187 801 = RM 5 030 563

Question 2 Rank the company in terms of their financial performance. The company may be ranked using several methods. The methods are such as based on net profit after tax, economic earnings, return on investment (ROI) or return…...

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