Section B

Date: 2015-10-07; view: 516.

B1

• Look at the following expressions. Put a tick (P) by the ones you might expect to hear in a presentation relating to financial performance and a cross (х) by those you would not expect to hear. Then compare your answers with those of a partner and discuss any differences.

1. This diagram gives a very brief summary of some of the key figures.

2. Highlights from the audited financial statements as at 31 December 1990.

3. If we begin with income, then, you will see that the total group income amounted to ...

4. ... but what is especially significant is the increase in non-interest income.

5. We've seen the income; let's now look at the outgoings.

6. The accompanying audited financial statements were prepared in conformity with generally accepted accounting principles.

7. This increase is larger than in previous years, and is partly due to...

8. All this adds up to total group outgoings of ...

9. I think I'll stop there and answer any questions.

B2

• You are going to hear Claire Seal, a merchant banker, giving some information about her bank to a small group of professional visitors from abroad. Before you listen to her presentation, look at these questions. Then listen and answer the questions.

1.In this section is Claire talking about income, costs, or both?

2.Is Claire giving figures with or without comment?

3.Was 1990 a good year or a bad year for the bank?

B3

• Look at the diagram below which is a copy of the one which Claire refers to.

• Ask questions about it.

• Listen to her presentation again and fill in the missing information under the heading Source of income.

(Note: The blanks under Use of income will be filled in Section C)

Source of income		Use of income
£554m	Interest received	£…..
£465	Interest paid	£…..				42%		£…..	Staff costs	£…..
£89m	Net interest earnings	£…..		64%
						5%		£…..	Doubtful debt provision	£ 5m
						10%		£…..	Depreciation	£ 16m
						18%		£…..	Other costs	£…..
								£…..	Total costs	£…..
£…..	Other income	£…..		36%		16%		£…..	Tax	£…..
						3%		£…..	Dividends	£…..
						6%		£…..	……………	£ 10m
£135	Total group income	£…..						£…..	Total group outgoings	£135m

B4

• Listen to the first part of the presentation again, fill in the space

sentences below with the words actually used.

This diagram gives a very…………………. ………………….of some of the …………………. ………………….relating to our performance in 1990. We'll be …………………. these figures again later in …………………. ………………….; but it may be …………………. at …………………. …………………. to present them and to …………………. a number of …………………. …………………. .

If we …………………. …………………. income, …………………. you. …………………. …………………. that

the total group income …………………. to a …………………. …………………. of £150 million, an …………………. of …………………. 15 per cent on the …………………. year, a …………………. …………………. increase …………………. above that of recent years.

B5

• Choose the one best answer.

1. A brief summary is:

a) a small amount of something;

b) several numbers added together to make a total;

c) a short report of the main points;

d) a full report with details.

2. Key figures are:

a) figures that are easy to understand;

b) the most important figures;

c) figures that give an answer to a problem;

d) figures that are well-known.

3. Trends are:

a) movements or directions;

b) goals that you try to reach;

c) events that are likely to happen;

d) events that happen often.

4. A record level of income is:

a) an amount that will never be reached again;

b) an amount that is written down so that it will not be lost or

forgotten;

c) an amount that stays the same and does not go up or down;

d) a higher amount than ever before.

5. Net interest income is:

a) the amount by which the total interest received is higher than the total interest paid during the period;

b) the amount by which the total interest received is lower than

the total interest paid during the period;

c) the total interest received by the lender;

d) the amount earned on an investment after paying for its

capital cost.

6. Something which is especially significant is:

a) the only one of its kind;

b) the very best of its kind;

c) important and worth noting;

d) widely-known and accepted.

7. Fee and commission earning activities are:

a) the buying and selling of currencies for profit;

b) plans to lend money for profit;

c) services that are sold by an agent;

d) services for which charges can be made.

8. A contribution to total income is:

a) a fixed amount of money paid at regular intervals;

b) money that is owed or payable;

c) an amount of money that is taken away from the total;

d) an amount given or supplied.

9. The economic environment is:

a) an area of the economy;

b) the future of the economy;

c) the economic situation;

d) financial laws and regulations.

10. The sensitivity of interest rates is:

a) the way in which interest rates affect each other;

b) the way in which interest rates are easily influenced or

affected;

c) the changes in interest rates;

d) the way in which interest rates are worked out.

Section C

C1

• You have heard Claire Seal talk about how much her bank earned last year. Now you are going to hear her talk about how much the bank spent. As you listen to the continuation of the presentation, number the items below in the order in which Claire mentions them.

C2

• Look again at the chart in B3 on page 14. Listen again to the continuation of the presentation and fill in the blanks under Use of income.

C3

• Look at the following extracts from this part of the presentation. Work with a partner and note down what you think Claire says instead of the words in italics. Then listen to the presentation again and compare your answers with the words that she actually uses.

1. ... let's now look at the ………………………… .(amount of money spent)

2. The largest of these is ………………………… … (money involved in paying employees)

3. ... to handle the expansion of the bank's ………………………… … (services for which charges can be made)

4. ………………………… increased to eight million pounds ... (money put aside to cover possible credit losses)

5. ………………………… (the decline in value of property which is hired) and on ………………………… and equipment ... (buildings and the land on which they stand)

6. Other ………………………… increased by ... (money spent on the running of the bank)

7. … the smallest ………………………… increase ... (yearly)

8. ………………………… remained unchanged ... (the part of the company's profits which is paid to shareholders)

9. ... as the major part of the year's profit was ………………………… … (kept by the company and not paid to shareholders)

10. Our balance sheet ………………………… … (totals)

11. After ………………………… of the dividends ... (setting aside money for)

12. ... there remained a net ………………………… … (amount of money kept by the company and not paid to shareholders)

13. ... nine million pounds, which was ………………………… (moved over to funds put aside to cover unexpected events)

C4

• What factors are important for the financial success of a bank operating internationally? Look through the list of factors below and when you have decided on their relative order of importance, write the number of your choice in column A. Number 1 should show the factor which you consider most important and number 10 the least. In order to fill in colum B:

• Split into pairs

• Discuss the order of priority which you have in column A

• Agree on a common order of importance for column B

• Calculate the difference between the numerical value that you have in column A and the numerical value that you have in column B, item by item

• Add up the differences

• You will be told who has discussed and reasoned the most

successfully according to your results

C5

• Mark the odd one in each of these groups of business words: