Section A
Date: 2015-10-07; view: 573.
A1
• First read the following short newspaper reports
• Then from this list choose an appropriate headline for each report
• Check your answers orally
• Ask each other questions which may arise
| Profits forecast Fall in profits Loss reported | Mixed profits Growing debts Profits growth |
1 2
| Harborne Investment Bank has reported a loss equivalent to USD 295,000 for the first six months of 1991, a figure in line with the lower first-half earnings reported by the country's other leading banks. The bank posted a USD 2.86 million profit for fiscal 1990. | Hogg and Lacey's Bank has announced an income of USD 58 million for the first half of the year, an increase of 45 per cent over the corresponding period last year. The bank has increased its interim dividend from USD 1.50 to USD 1.80 a share. | |
| Northland's FA Bank group increased operating results by 20 per cent to USD 108 million in the first six months of this year. Westsund Bank, in contrast, reported a drop to USD 80.5 million, while Quintorp Bank reported steady earnings of USD 195 million, but a 15 per cent fall in the parent bank figure to USD 178 million. | ZB Bank expects net profits in the region of CHF 33 million for the current financial year, according to Dr Fritz Ullmann, a rise of some 12 per cent. At the end of June the bank's balance sheet total was CHF 4.42 billion, compared with CHF 4.13 billion at the beginning of the year. |
À2
• What main information about financial performance would you expect a representative of a bank to present to a company in order to try to sell the bank's services? Make a brief list. Then listen to Ed Walker give an informal presentation of his bank to a prospective client. Tick (P) any points of yours which he makes.
À3
• Listen again to Ed talking about his bank's performance for the previous financial year. As you do so, fill in the spaces in the extract from the annual report below.
| Highlights | ||||
| $ In millions, except per share data | ||||
| For the Year Net Income Net Interest Income Per Share Net Income At Year-End Assets Deposits Investment Securities Employees Number of Offices | 1990 ----------- ----------- ---------- ----------- ----------- ----------- ----------- ----------- ----------- | ---------- 1,600 4.80 59,000 34,700 1,900 13,650 1,150 |
A4
• Look at the following list. Work with a partner and note down what you think Ed says instead of the words in italics. Then listen to his presentation again and compare your answers with the words that Ed actually uses.
1. I have here a copy of our last report presented each year, giving details of the company's activities and financial performance during the previous financial year.
2. But I can give you right now a very short general description ...
3. ... based on money received from the sale of the parts into which the capital of a company is divided ...
4. ... and sixth largest based on the sums of money left with the bank.
5. ... financial services to a large number of different types of customer...
6. ... which includes company customers ...
7. ... and banks in other countries with whom we have an agency relationship.
8. In 1990 we achieved our highest ever profits after transfers to reserves ...
9. ... our tenth year in a row of profit growth ...
10. The annual income of the group of companies after the payment of costs was 500 ...
11. ... at the end of 1990 the value of all the things we own ...
12. ... in the financial year 1990 ...
13. ... billion dollars worth of placements of money, for example in shares, so as to produce profit.
A5
• Say the following numbers. There may be alternative ways of saying some of them.
1 1,200
2 560,000,000
3 5,000,000,000
4 37,600,000
5 1,500,672
6 1,500,000
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