GM -BalancedScore Card-Financial Perspective

GM -BalancedScore Card-Financial Perspective - Financial...

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Financial Perspective: Almost all markets across the world have endured two of the most economically challenging years on record. PWC believe that their focus on investing in business, staying close to clients and people, and managing down costs has helped to deliver an excellent set of results for the year and has prepared the ground for our future. PWC’s objectives to achieve are growth, profitability and cost-benefit The observable parameters that will be used to measure progress toward reaching the objective are revenue growth, return on equity and operating costs. Objective one: Growth Ultimate Goal: PWC wants to pursue growth aggressively by ranking #1 in revenue growth and in their priority segments and improve the value of the network as a strategic asset. As in the economy at large, PwC firms in different geographic markets are recovering from the downturn at varying rates. Firms in the emerging market countries showed renewed growth, with PwC firms in Korea, Mexico and China in particular reporting boosts in activity. Revenues in many developed markets also picked up, although at a more modest rate. PwC firms in Spain, the UK, Germany and Canada each reported returns to growth. But revenues dipped slightly for the PwC US firm. Measures: Sales Growth: Among the lines of service, PwC’s Advisory business returned to strong growth in FY 2010 with 7.9% up from the previous 12 months in a very tough, competitive environment. As we can see on Figure 1, below that the consulting business grew strongly, up 15%, despite the continued slowdown in the market for advice on deals. Advisory now accounts for US$ 6.2 billion of PwC’s aggregate revenue, and we expect its growth to continue both organically and through strategic acquisitions in markets where we choose to compete.
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Source: http://www.pwc.com/gx/en/annual-review/pdf/2010-gar-facts.pdf Global revenues in flagship Assurance practice held up well, given the economic conditions, at US$ 13.3 billion. A rise in demand for Assurance services was more than offset by pricing pressures. Global Tax revenues showed improvement as the year progressed to reach US$ 7.1 billion, down slightly due to the slowdown in corporate deals and restructuring work. Overall, PWC believes results are a creditable achievement. Key to this success has been the progress they are making in improving coordination across global network with the overriding goal of bringing added value to their clients. As seen on the consolidated income statement for the year ended June 30, 2010, PWC’s financial performance for the year 2010 indicates a turnover grew 4% to £2,331m, compared with flat growth in the prior year.
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Soruce: http://www.pwc.co.uk/annualreport10/financial.html#operating-costs The outturn includes a full year’s consolidation of the results of their strategic alliance in the
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GM -BalancedScore Card-Financial Perspective - Financial...

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