VIII. Circle the most appropriate synonym to the word according to its contextual meaning

1. insufficient	a) deficient	b) poor	c) inadequate
2. category	a) classification	b) type	c) group
3. significant	a) crucial	b) notable	c) remarkable
4. transaction	a) bargain	b) deal	c) negotiation
5. viable	a) practical	b) feasible	c) possible
6. assist	a) accommodate	b) facilitate	c) aid

Listening

Listen to the recording about the financial situation of CAB International and fill in the figures instead of the letters A — К:

CAB International plc	$m 2007	$m 2008
Turnover	280.4	a
Trading profit	b	с
Interest	4.3	d
Profit before tax	e	f
Tax	5.5	g
Profit after tax	h	i
Dividend	3.7	j
Retained profit	6.4	7.0
Earnings per share	k	18.1 p

Speaking

I. Speak out:

a) Look through the table and read Lord Chairman’s report carefully and then answer the question: What conclusion you can draw from this chart about the financial situation of the BABCOCK?

Babcock Group Results For 2008

	2008 $m	2007 $m
TURNOVER	1016.3	1002.2
PROFIT BEFORE TAX	34.1	20.5
EARNINGS PER SHARE	19.4 p	11.1 p
ANNUAL ORDINARY DIVIDEND PER SHARE	7.7 p	7.0 p

Lord Ring Chairman reports:

1. 74% improvement in pre-tax profits measured in constant exchange rates.

2. Another year of positive cash flow further enhanced the financial strength of the Group.

3. Ordinary dividend for 2008 increased by 10 % to 7.7 p per share.

4. 1 for 10 bonus issues to ordinary shareholders registered on 27th April 1984.

b) Answer the questions giving your personal commentaries:

1. What was the total value of business done by Babcock in 2008?

2. What was the pre-tax profit in 2007?

3. How much better or worse was the pre-tax profit in 2008?

4. If you had bought 200 ordinary shares in Babcock in 2005 and you would still hold them, what dividend would you receive in 2007?

5. What dividend would you receive in 2008?

6. How many shares would you own at the end of April 2009?

Writing

You were asked to advise the most profitable company to invest money. Support your advice with research. Find out the needs of the market and consumers. Write a telex with your pros and cons.

Unit 6