Bell Canada Enterprises
Annual Report 2012
Auditors
Things I learned about the company
in millions of canadian dollars
Company Performance
- Ernst & Young is the main auditing company
- Specifically Michael Alfonso- Director process and controls
- Alain Dussault- Cooperate secretary
- Operating costs are very high
- Net earning have increased from 2011 to 2012
- Operating revenues have stayed very similar over the past 2 years
- Total assets is almost double the amount of total liabilities
- The majority of the liabilities if from long-term dept
Total Revenues: $19,975 --> Sales of goods; Services rendered
Net profit: $3,053 Earning per share: $ 3.04
Total Current Assets: $3,911--> Inventory;Trade & other receivables
Total Fixed Assets: $37,057 --> Property, Plant & equipment
Investments
Total Assets: $40,969
Total Current Liabilities: $6,745--> Interest payable; current tax liabilities
Total Fixed Liabilities: $19,498 --> Deferred tax liabilities;
Total Liabilities: $26,243 Post-employment benefit obligation
Company Stock
Information
- Company's stock ticker symbol: BCE
- Stock market where stock is traded: TSX
Description
Business Opportunities/Acquisitions
- Bell Canada Enterprises is a Canadian telecommunications and media company that provides communication services to residential and business customers in Canada
- It is Canada's largest communication company
- It is apart of Canada's "big three" mobile communications providers
- Company serves a total of 13 million phone lines
- Current headquarters are in Montreal, Canada
- One of Bell's recent acquisitions was the purchasing of Virgin Mobile, which was not previously owned by Bell
called the bell lets talk campaign
- Bell pledges $50 million for mental health charities. Combating stigma, investing in brain research and improving the workplace for those suffering from mental illness
Reasons why I would
invest in Bell Canada
Company Information
- Bell was named Canada's greenest public company in 2012 by Newsweek magazine, saving 58-megawatt hours of electricity in 2012. And also saving an estimated 41000 trees
- Company pays a constant dividend
- Is a safe company to invest in because it is part of a growing industry
- The company has been around for long and has a consistent pattern and growth
- The company is part of a great industry which includes: Internet, Television, cable, radio, and cell phone service
- They give back to the community
Company Leadership
Name: Bell Canada Enterprises
Type of Business: Telecommunications and media company
Type of Ownership: Public Ownership/ Corporation
Who owns the company: Shareholders
Where and when was it started: Ontario, Canada in 1880
Location: All across Canada
CEO(Chief Executive Officer): Goerge A. Cope
CFO(Chiet Financial Officer): Siim A Vanaselja
Number of female executives vs. male: 11 male and 2 female
Background
- The company was named after Alexander Graham Bell who was the creator of the first telephone in 1877
- The company itself was created by Charles Fleetford Sise who was a US-Canadian business man
Challenges
Company Divisions
Predictions
- Productivity- a major challenge, workforce development, skilling a new workforce, links to productivity and is an important issue
Goals and Objections
- Customer focus- One of the challenges in terms of achieving better customer focus consists of simplifying the environment for employees. So simplicity is a key driver to Bell and how it relates to productivity and customer focus
- TV revenue growth is expected to remain fairly strong in years to come
- Expecting higher overall TV subscribers activating
- Subscriber growth at Bell internet is expected to improve
-Overall financial performance improvement
1. Accelerate Wireless
2. Leverage wire line momentum
3. Expand media leadership
4. Invest in broadband networks and services
5. Achieve a competitive cost structure
6. Improve customer service
Market conditions and performance in market
- The market was weak the first half of the year but stabilized and strengthened the second half of the year
- First quarter was weak
- Second quarter had a significant increase in sales (best quarter for the company)
- Third quarter had a decrease (worst quarter)
- Fourth quarter had an increase