Material Cash Requirements and Other Obligations. The provision for income taxes for fiscal years 2022, 2021, and 2020 included interest expense related to uncertain tax positions of $36 million, $274 million, and $579 million, respectively, net of income tax benefits. GitHub provides a collaboration platform and code hosting service for developers. Trends run their course with lightning speed, with today's latest styles swiftly trumping yesterday's, which have already been consigned to the trash bin. 8 Subtotal Noncontrolling 1) (Mark One) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (2,177) 2 BP Annual Report and Form 20-F 2016 BP in action BP at a glance We are a global energy company Scale with wide reach across the world's energy system. And were helping an additional 24 countries with substantial cybersecurity workforce shortages close their gaps too. Net recognized gains on investments decreased primarily due to lower gains on equity securities. 122 Revenue from distinct on-premises licenses is recognized upfront at the point in time when the software is made available to the customer. The following table sets forth the potential loss in future earnings or fair values, including associated derivatives, resulting from hypothetical changes in relevant market rates or prices: Our consolidated financial statements and accompanying notes are prepared in accordance with accounting principles generally accepted in the United States of America (GAAP). We regularly reevaluate our estimates to assess the adequacy of the recorded warranty liabilities and adjust the amounts as necessary. November 25, 2022 LVMH strengthens its position in jewelry with the acquisition of Pedemonte November 15, 2022 LVMH Share buyback program 2022 Q3 Revenue OCTOBER 2022 - PDF - 4 Mo Download October 11, 2022 Growth continues at the same pace 2021 environmental indicators AUGUST 2022 - PDF - 2 Mo Download LVMH carbon footprint in 2021 Generally, we also create product documentation internally. A hearing on general causation is scheduled for September of 2022. Central Board / Local Boards. Expanding in Asia & the US The US is the biggest market in the fashion industry. Weve coordinated over 80 justice reform partnerships to help 145 communities expand access to data-driven insights that advance a more equitable system of justice and public safety. Aggregate demand for our software, services, and devices is correlated to global macroeconomic and geopolitical factors, which remain dynamic. Once technological feasibility is reached, such costs are capitalized and amortized to cost of revenue over the estimated lives of the products. Since 1976, the Spanish network of stores has been expanded in a great number of cities all over the world. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. This included a commitment to invest $1 billion over four years in new technologies and innovative climate solutions. Commercial competitors for our server applications for PC-based distributed client-server environments include CA Technologies, IBM, and Oracle. However Zara also boasts the lowest year-end inventory levels in the fashion industry. We also compete with other providers of entertainment services such as video streaming platforms. Our Search and news advertising business is designed to deliver relevant search, native, and display advertising to a global audience. Increasing representation and strengthening inclusion: build on our momentum, adding a $150 million investment to strengthen inclusion and double the number of Black, African American, Hispanic, and Latinx leaders in the United States by 2025. We operate our business and report our financial performance using three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. Our customers include individual consumers, small and medium organizations, large global enterprises, public-sector institutions, Internet service providers, application developers, and OEMs. Marketing Solutions help companies reach, engage, and convert their audiences at scale. companies Cash, cash equivalents, and short-term investments totaled $104.8 billion and $130.3 billion as of June 30, 2022 and 2021, respectively. Unearned revenue comprises mainly unearned revenue related to volume licensing programs, which may include SA and cloud services. We bring technology and products together into experiences and solutions that unlock value for our customers. Net realizable value is the estimated selling price less estimated costs of completion, disposal, and transportation. These non-GAAP financial measures presented should not be considered a substitute for, or superior to, the measures of financial performance prepared in accordance with GAAP. Microsoft offers direct sales programs targeted to reach small, medium, and corporate customers, in addition to those offered through the reseller channel. Our international operations provide a significant portion of our total revenue and expenses. 898 east street south suffield, ct. The goodwill was primarily attributed to increased synergies that are expected to be achieved from the integration of ZeniMax. We recognize an asset for the incremental costs of obtaining a contract with a customer if we expect the benefit of those costs to be longer than one year. . .. . . .. .. . .. .. . .. . .. .. . . . 25. The major classes of assets and liabilities to which we have allocated the purchase price were as follows: Goodwill was assigned to our More Personal Computing segment. This paper on Inditex, a Spanish leading group in the fashion sector, analyses how transport and logistics fit into the production network and provide the firm with one of its most notable competitive advantages. We identified four attributes that allow growth mindset to flourish: Our employee listening systems enable us to gather feedback directly from our workforce to inform our programs and employee needs globally. Cloud services, which allow customers to use hosted software over the contract period without taking possession of the software, are provided on either a subscription or consumption basis. We use derivative instruments to manage risks related to foreign currencies, interest rates, equity prices, and credit; to enhance investment returns; and to facilitate portfolio diversification. The valuation allowance disclosed in the table above relates to the foreign net operating loss carryforwards, federal capital loss carryforwards, and other net deferred tax assets that may not be realized. Annual Financial Report: PDF [631.6 KB/ 94 pages] For the Period Ended March 2021. Sector --None-- More 10,000+ Employees Based in Corua, Spain Inditex comprises of eight brands: Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home and Uterqe. This includes the annual Standards of Business Conduct training. None of these changes had a material impact on previously reported amounts in our MD&A. For these components, we have limited near-term flexibility to use other manufacturers if a current vendor becomes unavailable or is unable to meet our requirements. Shares of common stock outstanding were as follows: The following table summarizes the changes in accumulated other comprehensive income (loss) by component: We grant stock-based compensation to employees and directors. Okta, Proofpoint, and Symantec provide security solutions across email security, information protection, identity, and governance. For derivative instruments that are not designated as hedges, gains and losses from changes in fair values are primarily recognized in other income (expense), net. View full document End of preview. The defendants filed an interlocutory appeal to the District of Columbia Court of Appeals challenging the standard for evaluating expert scientific evidence. (25) The current Inter IKEA Group was established in 26 August 2016. Xbox content and services revenue increased 3%. The segments enable the alignment of strategies and objectives across the development, sales, marketing, and services organizations, and they provide a framework for timely and rational allocation of resources within businesses. Zara annual report 2015 pdf 2015 ANNUAL REPORT. Strong first half of the 2022/23 financial year for Zara's parent company Inditex. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. Select: 1 Direct Material Expense Direct Labor Expense Inventory Carry Expense Depreciation Expense, CampXM questions 1. In January 2020, we announced a bold commitment and detailed plan to be carbon negative by 2030, and to remove from the environment by 2050 all the carbon we have emitted since our founding in 1975. To achieve our vision, our research and development efforts focus on three interconnected ambitions: Reinvent Productivity and Business Processes. The Microsoft Services Provider License Agreement allows hosting service providers and independent software vendors who want to license eligible Microsoft software products to provide software services and hosted applications to their end customers. Low-code/no-code tools are rapidly becoming a priority for every organizations digital capability. Our fixed-income portfolio is diversified and consists primarily of investment-grade securities. The Company recognizes revenue upon transfer of control of promised products or services to customers in an amount that reflects the consideration the Company expects to receive in exchange for those products or services. Refer to Note 11 Debt of the Notes to Financial Statements in our fiscal year 2022 Form 10-K for further discussion. We have broadened our approach to how we think about gaming end-to-end, from the way games are created and distributed to how they are played, including cloud gaming so players can stream across PC, console, and mobile. We unequivocally support the fundamental rights of people, from defending democracy, to protecting human rights, to addressing racial injustice and inequity. inditex annual report 2021 -6-we, the members of the board of directors of the company, do hereby state and represent that, to the best of our knowledge and belief, the annual consolidated accounts for fiscal year 2021 (1 february 2021 - 31 january 2022), stated by the board of directors in the meeting held on 15 thmarch 2022, drafted pursuant to Chairman and Chief Executive Officer, As of June 30, 2022 and 2021, our financing receivables, net were $4.1 billion and $4.4 billion, respectively, for short-term and long-term financing receivables, which are included in other current assets and other long-term assets in our consolidated balance sheets. Academia.edu uses cookies to personalize content, tailor ads and improve the user experience. We manage the average maturity of the fixed-income portfolio to achieve economic returns that correlate to certain global fixed-income indices. Appendix A - City of Austin. Gains and losses representing hedge components excluded from the assessment of effectiveness are recognized in other income (expense), net. The objectives of this study are to analyze the impact of purchasing and supply chain management strategies in retail industry and identify the way of success of AZEL FRANCE Retailer Company of ZARA clothing in Bosnia and Herzegovina from supply chain perspective management by conducting a survey study. Our revenue fluctuates quarterly and is generally higher in the second and fourth quarters of our fiscal year. As we make meaningful progress, we continue our commitment to meet the increasing expectations for driving innovation, welcoming diverse perspectives, and leading global change. Windows IoT extends the power of Windows and the cloud to intelligent systems by delivering specialized operating systems, tools, and services for use in embedded devices. And with Microsoft Cloud for Sustainability, were expanding our work to help customers meet their ambitious sustainability goals by enabling them to better collect, track, and analyze the metrics of their sustainability strategy. We launched new Surface devices to support every person and work style. Cost of revenue is allocated in certain cases based on a relative revenue methodology. In March 2021, the India Supreme Court ruled favorably for companies in 86 separate appeals, some dating back to 2012, holding that software sales are not subject to India withholding taxes. Growth in Devices is dependent on total PC shipments, the ability to attract new customers, our product roadmap, and expanding into new categories. We can be contacted between the hours of 9:00 a.m. to 5:00 p.m. Pacific Time to answer investment oriented questions about Microsoft. Property and equipment is stated at cost less accumulated depreciation, and depreciated using the straight-line method over the shorter of the estimated useful life of the asset or the lease term. Across our customer solution areas, we are delivering powerful platforms, tools, and services that expand our opportunity to help every organization in every industry deliver on the digital imperativewith a business model that is trusted and always aligned with their success. Windows 11 security and privacy features include operating system security, application security, and user and identity security. Race, gender. 2838 kb. Department of Forestry, Fisheries and the Environment Annual Report 2021/2022. Our annual report on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and any amendments to those reports, as soon as reasonably practicable after we electronically file that material with or furnish it to the Securities and Exchange Commission (SEC) at www.sec.gov. Select: 1 One or more, How are assets typically organized on a balance sheet? A Microsoft Online Subscription Agreement is designed for small and medium organizations that want to subscribe to, activate, provision, and maintain cloud services seamlessly and directly via the web. Changes in operating assets and liabilities: Acquisition of companies, net of cash acquired, and purchases of intangible and other assets, Effect of foreign exchange rates on cash and cash equivalents, Cash and cash equivalents, beginning of period, Accounts receivable, net of allowance for doubtful accounts, Net income available for common shareholders (A), Weighted average outstanding shares of common stock (B), Common stock and common stock equivalents (C), Realized gains from sales of available-for-sale securities, Realized losses from sales of available-for-sale securities, Impairments and allowance for credit losses, Net unrealized gains on investments still held, Gross amounts of derivatives offset in the balance sheet, Amount reclassified from accumulated other comprehensive income, Foreign-derived intangible income deduction, State income taxes, net of federal benefit, Excess tax benefits relating to stock-based compensation, Deferred income tax assets, net of valuation allowance, Book/tax basis differences in investments and debt, Long-term deferred income tax liabilities, Increases for tax positions related to the current year, Increases for tax positions related to prior years, Decreases for tax positions related to prior years, Decreases due to lapsed statutes of limitations. Azure and other cloud services revenue includes Nuance cloud services, and Server products revenue includes Nuance on-premises offerings. Deloitte & Touche LLP and the internal auditors each have full and free access to the Audit Committee. Our More Personal Computing segment consists of products and services that put customers at the center of the experience with our technology. We tested the mathematical accuracy of management's calculations of revenue and the associated timing of revenue recognized in the financial statements. Other comprehensive income (loss), net of tax: Total cash, cash equivalents, and short-term investments, Accounts receivable, net of allowance for doubtful accounts of, Property and equipment, net of accumulated depreciation of, Common stock and paid-in capital shares authorized 24,000; outstanding, Accumulated other comprehensive income (loss), Total liabilities and stockholders equity. Today, through our Search, News, Mapping, and Browse services, Microsoft delivers unique trust, privacy, and safety features. Unearned revenue also includes payments for consulting services to be performed in the future, LinkedIn subscriptions, Office 365 subscriptions, Xbox subscriptions, Windows post-delivery support, Dynamics business solutions, and other offerings for which we have been paid in advance and earn the revenue when we transfer control of the product or service. Server products revenue is mainly affected by purchases through volume licensing programs, licenses sold to original equipment manufacturers (OEM), and retail packaged products. We are accelerating our development of mixed reality solutions with new Azure services and devices. As of June 30, 2022, $40.7 billion remained of this $60.0 billion share repurchase program. Zara-report Anna Mnyoki Abstract Zara Continue Reading Download Free PDF Related Papers Super Responsive Supply Chain: The Case of Spanish Fast Fashion Retailer Inditex-Zara Hong Chinh Do The successful implementation of an integrated supply chain strategy enhances total control over the operations and thus enhances speed and flexibility. In-the-classroom learning, learning cohorts, our early-in-career Aspire program, and manager excellence communities. While the Company has settled a portion of the IRS audits, resolution of the remaining matters could have a material impact on the Company's financial statements. Compensation expense for the employee stock purchase plan (ESPP) is measured as the discount the employee is entitled to upon purchase and is recognized in the period of purchase. As of June 30, 2022, an aggregate of 211 million shares were authorized for future grant under our stock plans. The following Managements Discussion and Analysis of Financial Condition and Results of Operations (MD&A) is intended to help the reader understand the results of operations and financial condition of Microsoft Corporation. Build the Intelligent Cloud and Intelligent Edge Platform. And rsted, which produces a quarter of the worlds wind energy. This segment primarily comprises: Office Commercial is designed to increase personal, team, and organizational productivity through a range of products and services. Zara's macro-environment can be analysed by looking at 3 factors that provide the opportunities and threats to the company. In its annual racism report, ZARA publishes a broad selection of racist incidents from all spheres of life in Austria that have been reported to the NGO in the previous year. These contracts are not designated as hedging instruments and are included in Other contracts in the tables below. We strive to create local opportunity, growth, and impact in every country around the world. With three billion people actively playing games today, and a new generation steeped in interactive entertainment, Microsoft continues to invest in content, community, and cloud services. Generally, this occurs shortly before the products are released to production. Annual Report 2021 (pdf, 7.73 MB) Download "Our new customer growth and strategic progress in 2021 underline the immense opportunity ahead of us. the year then ended. Select a year 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 Additions to property and equipment will continue, including new facilities, datacenters, and computer systems for research and development, sales and marketing, support, and administrative staff. Surface devices to support every person and work style full and free access the!, our early-in-career Aspire program, and impact in every country around world... 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