KCQ's

Concepts: 

 

• Each year F&P Healthcare release their Annual Financial Report. The reports are generally 110 pages or more in length and contain shareholder information, company values and visions, financial information, board and executive director introductions and Chairman/ Executive Director reports. They have broken up the information with pictures and each year have chosen a blue and white colour scheme.
• Fisher and Paykel Healthcare aim to contentiously increase their international presence. Their goal is to expand the global market for their products, place their own employees supporting their own products in markets around the world; and build their global network of distributors. In 2013 they established direct sales and distribution operation in South Korea. Their products are now sold in a total of 121 countries around the world, with direct sales operations in 27 countries and distribution partnerships in a further 94 countries. 
• Each year F&P Healthcare gets bigger and better. Last year, their operating revenue increased by 39.6 NZ Million ( that is a 7.66% total increase). In the past five years they have doubled their profit after tax from 35.3 NZ Million to a whopping 77.1 NZ Million (that's a 118% increase). In order to keep with with the supply and demand F&P have had to increase their staffing numbers. Since 2003 the employee numbers have tripled, with a total number of 2758 employees listed in 2013.
• North America makes up 43% of revenue made in 2013. It has the highest number of consumers and distributors out off all the regions. Europe coming in at second place with 33% of revenue made last year. The Asia Pacific region only makes up 19% of the total revenue made, and has only increased by 1% in the past three years. This is because the Asia Pacific region is where F&P Healthcare's biggest competitors are based.     

Questions: 

• What is 'Foreign exchange hedging results' and why did it dramatically increase between 2011 - 2012 but last years result only slightly decreased from the year before? 
• What are Monetised Financial instruments and why was the 2010 Financial report the only report (from the past four years) to have a recorded result?  
• What do 'other employment costs' involve? 

Financial and company growth.

Fisher and Paykel Innovation Story

I first perused through the list of companies Martin Turner has assigned to each student I was relieved to find I had been given a company I was already familiar with. Fisher and Paykel Healthcare is a company that I am able to relate to as growing up a person in my family faced health issues and some of the products F&P Healthcare designed, manufactured and sold were actually used in my own home. I know first hand the effect these products can have on a family. They allow patients to be treated in their own homes allowing emotional support from their loved ones to be there at all times. F&P Healthcare state, 'We will employ our research capabilities, technical skills and clinical partnerships to design and develop innovative products and therapies which assist healthcare professionals to provide the best possible patient care and outcomes'. I believe that it is their vision and commitment to both customers and patients that has made Fisher and Paykel Healthcare the successful and every growing company it is today.

In the last five years, F&P Healthcare has increased their operating revenue from 357.9 to 556.3 NZ Million. That is a total increase of 198.4 NZ Million (equivalent of 187.76 AUD Million). In just one year the total net after tax profit increased by 13 NZ Million. Now that is a very successful business year, and F&P Healthcare only plan for a bigger and brighter 2014. For further information on financial success throughout 2013 check out; http://www.fphcare.com/files/documents/investor-announcements/annual-interim-reports/2013/f-p-annual-report-2013-full/  .

Top three favourite blogs.

Hi everyone. 

I found it difficult choosing my top three favourite blogs. There are so many creative and informative blogs and I applaud everyone on their effort, but I could only choose three so here they are:  

1. Quoc Tanh Tu http://qttu76.blogspot.com.au/ - Quoc Tanh Tu's company is an Israeli National Airline called EL AL Airline. Quoc's blog is full of information including financial information, safety, company goals and a brief history on the company. He has a very clear and easy to follow lay out. His blogs provide lots of digital evidence of the company and links to websites that reference where his information has come from. It is easy to see he has really taken on board this assessment piece and has represented the company he has been assigned very well. Fantastic job Quoc!

2. Georgia Dawson http://georgiadawsonacct11059.blogspot.com.au/  -  Georgia has been assigned Baofeng Modern International Holdings. They are the leading brand owner and supplier of casual footwear. Her blog is bright and colourful, easy to follow and has represented her company well. She has gone into great detail regarding her company’s Financial reports and has provided links to useful websites regarding her company. She has put a great deal of thought into her KCQ's. Great work Georgia!

3. Chantelle Murphy http://geelyautomobile-clm.blogspot.com.au/ - Chantelle has been assigned Geely Auto mobile who are one of the leading automobile manufactures focusing on developing, manufacturing and sales of passenger vehicles. They mainly market and sell their products throughout China. Chantelle has provided both financial information and basic company information and has set out her blog in an easy to navigate manner. Her blog posts are informative and the information she provides is easy for the reader to digest. Awesome work Chantelle! 

I urge everyone to check out the three blogs listed above, the writers have put a great deal of effort into their blogs and it truly shows. 

Happy Blogging all!

Time to meet the team.

Fisher and Paykel Healthcare have a total number of  2758 employees located in 33 Countries around the globe. These employees design, create, produce, manufacture, market, distribute and sell over 2800 differing products and parts to 17,800 direct world wide customers. Every year over seven million patients are treated using F&P Healthcare products and it is thanks to their fantastic employees who 'make it happen'. But it is up to the Board of Directors and Executive Management team of F&P Healthcare to provide direction and is responsible for many key elements that make this company as successful as it is. Its time to meet the team!

Tony Carter- Chairman  

 Michael Daniell- Managing Director and Chief Executive Officer 

 Lewis Gradon- Senior Vice President (Products and Technology)

Paul Shearer - Senior Vice President (Sales and Marketing)

Deborah Bailey- Vice President (Human resources), Group Privacy Officer and Diversity and Inclusion Manager 

Antony Barclay- Chief Financial Officer and Company Secretary 

Paul Andreassi- Vice President (Quality and Regulatory)

Winston Fong- Vice President (Information and Communication Technology)

Other board members include Roger France, Lindsay Gillanders, Geraldine McBride, Arthur Morns and Donald Dwyer. According to Fisher and Paykel Healthcare they value their family of employees and believe they are essential to the success of the company. They aim to develop a long-term trusting relationship with each employee, provide for their welfare, well being, safety, encourage their contribution and assist in their personal development and education. For more information on the Board of directors and Executive Management Team, refer to provided links:
http://www.fphcare.co.nz/about-us/executive-management-team/ 
http://www.fphcare.co.nz/about-us/board-of-directors/

Fisher and Paykel Healthcare to hit a new high!

After continuing my research into Fisher and Paykel Healthcare New Zealand Cooperation, I am beginning to realise the extent of how successful F&P Healthcare has become in the last forty years.

On Tuesday the 18th of February 2014, F&P Healthcare announced the expansion of their manufacturing facility in Tijuana, Mexico. After the expansion is complete the company expects the net profit after tax to be approximately NZ$97 million for the financial year ending in March 2014, assuming the continuation of the current exchange rates. After the NZ$4 million fit-out/ expansion is completed, the manufacturing area of the facility will increase by over sixty percent and will accommodate the installation of additional manufacturing equipment over a three year period. And within those three years, this facility is expected to be producing half of the company's consumable product volume.

 - Fisher and Paykel Healthcare Tijuana, Mexico Facility -

The facility expansion is underway, with much pressure from management to be finalised as soon as possible as supply and demand for respiratory care products is set to increase dramatically later this year, as Medicare in the United States will begin to penalise hospitals for excessive chronic respiratory patient re-admissions. F&P believe home care for patients with chronic respiratory disease is improving with the products that are now available at the touch of a button. I have provided a link to the article the New Zealand Herald wrote regarding the new high on profit.
 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11204686

Taking 'Newbie' to a whole new level.

Hello everyone,

My name is Katrina Elvin and I still have not mastered the skill of 'blogging'.I apologize in advance for my lack of technological skills - I'm here to learn. I am a first year Bachelor of Business (Major still undecided) student studying full time at the Rockhampton Campus. I graduated year twelve four years ago in Mackay, Queensland. I moved to Rockhampton in 2012  and had no intention of doing a University degree until a little over two months ago. I am very nervous but also eager and willing to learn whatever it takes to be a successful and impacting business woman.



The company I have been given is Fisher and Paykel Healthcare (NZ). They are the leading designer, marketer and manufacturer of products and systems for use in respirator care, acute care and the treatment of obstructive sleep apnea. Believe it or not Fisher and Paykel (which later on in 2001 was renamed Fisher and Paykel Healthcare Corporation Limited) first commenced in 1934 as an importer of washing machines and refrigerators. It was in the late 1960's when they sought involvement in a business that could benefit from their ever evolving  manufacturing and electronic expertise. Fisher and Paykel Healthcare first hit the respiratory market in 1971 after developing a unique respiratory humidifier for critical care patients. Their products are now sold in over 120 countries world wide through direct sales, distributors that sell to hospitals, home care providers and other manufacturers of other medical devices.

Well that is it for now. If you would like more information on Fisher and Paykel Healthcare I have provided a direct link to their website, it is definitely worth a browse.  http://www.fphcare.co.nz/about-us/

Thanks for checking out my blog and I look forward to learning with you all.
Katrina