ANSELL REPORT
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EXECUTIVE SUMMARY
This business report will explore Ansell Limited's Annual Report for the year ending 30th June 2002. The purpose of this report is to examine the overall financial strength of Ansell Limited for the financial year and where possible make a comparison between the 2001 and 2002 financial data to identify the strengths and weaknesses of the company over the years. The areas of the Annual Report to be delved into are the following:
Chairman's Statement
Director's Statement
Accounting Policies
Consolidated Financial Statements
Statement of Financial Performance
Statement of Financial Position
Statement of Cash Flow
Auditor's Report
Other Ansell Reports and Statements
Accounting Ratios
Overall Assessment of Ansell Limited
Liquidity
Profitability
Efficiency
COMPANY BACKGROUND
BRIEF HISTORY OF ANSELL LIMITED
Ansell Limited is the new name of the Company formerly known as Pacific Dunlop Limited. The Company's name was changed in April 2002 as a result of a strategic repositioning of the Company to concentrate on its core business, protective products and services in a broad healthcare context, and following the disposition of a series of other business units that did not fit within the company's strategy.
Ansell Limited, as the company is now known, has a long and distinguished career dating back to when its first business, pneumatic bicycle tyre manufacture, commenced in Australia in 1889. Since its commencement the company has changed its name on many occasions to reflect the nature of the businesses in which it was involved at the time.
To the company as a whole the change of name to Ansell Limited also meant a transformation in structure from a conglomerate to a single, global business. As a global business Ansell focuses on broad based healthcare protection that seeks to provide exceptional solutions, products and value to their customers.
YEAR END
The financial year-end for Ansell Limited is the 30th June 2002
MAIN OPERATING ACTIVITIES
Since Ansell changed into a single global business, the Group's principal activities involve manufacturing and sourcing, distribution and sale of gloves and protective products in the Personal (Customer), Professional and Occupational markets. Within these three segments there are different products provided by Ansell Limited, which are listed below...