My company - Mermaid Marine
The purpose of this blog is to share information about my company "Mermaid Marine".
Mermaid Marine is Australia's largest marine service provider which services to the offshore gas and oil industry. The company uses its 41 vessels for:
- Accommodation vessels
- Barges
- Harbor tugs
- Multi purpose survey vessels
- Platform supply vessels
- Anchor handling tugs
Some of the facts included in the annual report include:
- An annual profit of $60.3m dollars after tax
- Cash at bank $59.8m
- Annual shareholder profit from shares annually is 26.9c
- The company has invested over $470 million in a vessel and supply base development program ensuring it can meet the emerging requirements of Australia's offshore oil and gas industry
Hi Monique
ReplyDeleteI am very interested in your company because my company is similar with yours. My company is more complex business than yours.
Hi yuko, in what way is your company more complex?
ReplyDeleteMy company does not only provide shipbroking services but also related with finance, support and research services around world.
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DeleteIn comparison Mermaid Marine only focuses on marine vessels to aid in the production and service of the oil and mining industry, however it has broadened it's services internationally with a base office in Singapore. I see your company is UK based does your financial statements show a hedge account for possible currency loss?
DeleteMany companies ususally calculate foreign currency gain or loss. It is very important. So, many companies decided to close down Australian factories. So, they showed the loss as foreign exchange differences (gain/loss). This is not a hedge, I think.
DeleteHey monique, does your company have inventories on their financial report?
ReplyDeleteHi grace, yes Mermaid Marine has inventories in current assets of the amount of $2,454 in 2013. These include fuel at cost, consumables and work in progress. Does your company have inventories? Also does your company have goodwill ?
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