Earnings Before Interest And Taxes 18,540,000 12,066,000 6,895,000
Interest Expense - - -
Income Before Tax 18,540,000 12,066,000 6,895,000
Income Tax Expense 4,527,000 3,831,000 2,061,000
Net Income 14,013,000 8,235,000 4,834,000
Preferred Stock And Other Adjustments - - -
Net Income Applicable To Common Shares $14,013,000 $8,235,000 $4,8
cyclical buffers
One of the most destabilising elements of the crisis has been the procyclical amplification of financial shocks throughout the banking system, financial markets and the broader economy. The tendency of market participants to behave in a procyclical manner has been amplified through a variety of channels, including through accounting standards for both mark-to-market assets a
of cash flows from operating of Korean Airlines in 2009 is 489,868,592,842, and the amount for 2008 was -118,364,859,292.)
-> KAL managed to generate more cash in 2009. However, considering the fact that most of its cash inflow consists of amortization of intangible assets which make company’s cash flow better, Korean Airlines needs to do better in the future to earn more from their
of the two consecutive years of net operating loss and last year’s bad situation, the company managed to generate more cash in 2009. However, considering the fact that most of its cash inflow consists of amortization of intangible assets which make company’s cash flow better, Korean Airlines needs to do better in the future to earn more from their operation.
Secondly, we need to check the
Rate of Return on Net sales : Rate of return on net sales is the measure of profitability, and this ratio shows the percentage of each sales dollar earned as net income. Korean Airline’s return(-0.1902) is worse than Asiana’s (-0.0533), but better off than Jeju Air’s (-0.5289).
KAL’s return rate is close to a stunning -20%, and can be considered as being in trouble. But when compare