Again work has swallowed up all my time recently and now equipped with broader business horizons courtesy of an excellent course at Henley Management College in the last few weeks, I feel confident enough to decipher any annual report thrown my way. We have even had our big announcement at LEGO in the last few days and I am relieved to say that our CEO, Jorgen Vig Knudstorp, did not use any of the terminology below so I feel confident I shall remain employed for a while longer :). Big thanks to Nick Rints for his excercise Lemming business simulation and this piece of insight I will share with you.
So here goes:
This glossary will be helpful to you in interpreting some of the terms in common use:
A man of broad experience and sound judgement [Translation: my wife's brother]
A buoyant year [Translation: We just managed to keep our heads above water]
A year of consolidation [Translation: No growth]
Major challenge ahead [Translation: We have lost our monopoly]
Substantial improvement [Translation: Your board has it's fingers crossed]
Cautious optimism [Translation: It looks good if you stand far enough away]
Especially encouraging [Translation: Absolutely hopeless]
Impeded by lack of liquidity [Translation: We are practically bankrupt]
Acting in your best interest [Translation: Acting in my best interest]
We have called in the management consultants [Translation: We can't see any way out of this mess]
Capitalised development expenditure [Translation: We should have shown loss]
Continued to divest ourselves of activities that did not fit in to the new strategy [Translation: We got rid of the rubbish]
From this phase your company emerged in a new form [Translation: Smaller and less profitable]
New service agreements [Translation: We are expecting a takeover bid]
Unforeseen losses [Translation: Our cost control is up the spout]
Continue to serve the company in an advisory capacity [Translation: If we sacked him he might split on us]
Plans which for good commercial reasons cannot be announced {Translation: The shares would fall through the floor]
a lot of editors have started to understand more about alternate options, they will obtained a little cameras, spend some money to hire nearby residents and individuals across the actors within the facilities.
Posted by: Canada Goose Jacket | November 25, 2011 at 06:35