Ecopetrol S. A.
Consolidated Financial Statements
(Free translation from the original in Spanish)
For the years ended December 31, 2015 and 2014, at December 31, 2015
and 2014 and the opening statement of financial position at January 1,
DC1 - Infor
MV Exam Questions
Difference between corporate valuation and merger valuation
- Define the two - CV is DCF
- MV determining successful and unsuccessful deals from the perspective of the
acquirer based on the interests of the continuous shareholders
SCHOOL OF SLAVONIC AND EAST EUROPEAN
SESS3008: Topics in Financial Management II
Dr Eugene Nivorozhkin
Suppose that you are American and you are planning a trip to
England. The trip is a year from now, and you h
IM Important Points
The LOOP, PPP, CIP and UIP Week 1 & 2
1. Changes in exchanges rates affect an economy in two ways
It causes a change in the international relative prices of goods.
It causes a change in the international relative price
FM I Important Points
Objective Function of Corporation week 1 & 2
Calculating Present Value week 3
1. Money has time value; a dollar today is worth more than a dollar tomorrow.
2. A safe dollar is worth more than a risky dollar.
MV Important Points
Overview of Company and Merger Valuation week 1
1. DCF did not start to become a mainstream academic company valuation methodology
until the watershed writings of Copeland et al in 1994 and Kaplan and Ruback in 1995.
Que es tu posicin en el tema de inmigrantes in Europa?
Hemos visto muchos artculos en las noticias estos das sobre el tema de inmigrante que los
inmigrantes de los pases menos desarrollado estn viniendo a los pases como Inglaterra,
Francs o Alemn con much
FM II Important Points
New found weak areas or things to make sure
Share repurchases and dividends before/after share price, at what price shares are
Middle of the roader numerical example of how marginal investors eliminate
Que piense sobre el problema in Inglaterra sobre la inversin de impuestos?
En Inglaterra, uno de los temas muy populares estos das es la inversin de impuestos por
primer ministro, David Cameron. La inversin de impuestos es cuando una persona trate de
FM II Additional Points/Tutorials
Tutorial 1 Market Efficiency
The random walk formula states that the expected price tomorrow is the price today
plus a drift. The drift can be a small constant or a very small fraction of the price
If a stock has a
FM I Additional Points/Tutorials
Compounded Rate, if compounded m times a year, your investment at the end of
If compounded continuously:
Tutorial 4 Bond Valuation
Look at the bond risks
( T P V T ) +
UIP Condition what happens when there is a decrease/increase in interest rate
The way Raphael defines relative price get used to it (what it overvaluation, what is
If US deposits were more liquid and less
el desigual reparto de la riqueza
The Merger Megabooms Significant IPO: Facebook
Vapour Numbers: when is the social networking valuation?
1. Shares of acquiring social networking companies represent potential acquisition
currency, sometimes even before the acquiring firm is publicly trade
Source: Excerpt from: The Positive-Good Theory, John C. Calhoun
I hold that in the present state of civilization, where two races of different origin, and distinguished by color, and other
physical differences, as well as intellectual,
The Dreaming, an Australian World View
The Australian aborigine's outlook on the universe and man is shaped by a remarkable conception, which Spencer and
Gillen immortalized as "the dream time" or alcheringa of the Arunta or Aranda tribe. Some anthropolog
San Jos State University Writing Center
Written by Samantha Clark
How to Write the LLD/ENGL 100A Rhetorical Analysis Essay
This handout is designed to assist you in writing your rhetorical analysis paper. Some of the
Instruction Terms (Essay Writing)
These words will often be used when your tutors set your essay questions - it is
a good idea to fully analyse your essay question before attempting to answer
it. This means knowing how you should be answering the question
Dracula Literary Essay Topics
Choose ONE of the following topics to develop for your formal literary essay. The essay is
an individually written formal summative assignment to be completed once the novel is
finished. Remember formal literary essay
Instructions for Typing the Platform Essay
Please remember. This is your opportunity to explain to the judges what your chosen
platform is and why it is important for the Miss America Organization to embrace this
platform. In addition, it should explain h
Essay (Term Paper)
Running head: PSYCHOLOGY ESSAY INSTRUCTIONS
Essay Instructions for Psychology
(Revised Version, 2004)
Stuart J. McKelvie and Leo G. Standing
In your paper, include this:
Paper submitted to Dr. XXX for Psy YYY, Date (
PHILOSOPHY 3340 - EPISTEMOLOGY
ESSAY TOPICS AND INSTRUCTIONS
1. As is indicated in the syllabus, your grade for the course is based upon two
essays and a final examination, each of which counts for one-third of your grade.
Each essay should b
Questions to consider in writing your essay:
What should be done and why?
What criteria should/could be used to make a decision in a case like this?
Would it matter if definite contact had been made with a single miner?
How important is the m
Steps for Writing an Argument Essay
Take a stand on the topic.
Read the topic and choose a side of the issue.
Write your opinion as a sentence.
This sentence will become your thesis.
Topic: Should animals be used for scientific and
Salvage value is not taxed
When there is salvage value and depreciation, the salvage value should be subtracted from
the initial investment/asset to be depreciated.
When working with nominal and real numbers, cash flows at t=0 in nominal
MV Readings Notes
Overview of Company and Merger Valuation Week 1
Literature Review of Company Valuation Methods Part 1
Part 1 presents a framework for understanding the three company valuation
methods in general use today, which covers DDM,
IM Readings Notes
The LOOP, PPP, CIP and UIP Week 1 & 2
How Wide is the Border? (Engel & Rogers) factors that explain why LOOP does not hold
1. The volatility of the price of similar goods between cities should be positively related to
the distance betwee