Cloning Has Science Created A Frankenstein Essay

Cloning: Has Science Created A Frankenstein? In Shelleys Frankenstein the scientist Victor Frankenstein is out to create life by putting human parts along with electricity. His quest is to be able to create life in a way which has never been done or thought of before. Victor Frankenstein may have been motivated by the death of his family, hoping to find a reverse to death in an attempt to cheat death. He may have also been motivated by the power of creating life. Regardless of his motivation his desire to create life became so overwhelming that he eventually had no interest in anything but his work. This desire for scientific advancement which Shelley writes about must be similar to what motivates scientists even today. In the†¦show more content†¦(241) Scientists are always going to be looking for future advancements on what is known, in a quest to create or discover cures and solutions to existing problems in society. It is not possible for us to undo what has been discovered, we must simply accept it and try to use it to its potential, while being responsible. Cloning of a sheep has already taken place, we are not able to undo this, therefore, we must decide what to do with this information. The decision of how far we should take cloning must be made. When have we gone to far, and for what purposes should we use this new technology. Cloning, may turn out to be the best thing that has ever been discovered, or it may be that it is the downfall to the way of life we know. It is important that we realize this information is here to stay and not waste time arguing whether it is right or wrong, since that is a useless argument. Time will be much better severed by arguing the uses and controls that need to be placed on cloning. If science is able to advance cloning to the point of simply cloning human parts, such as skin or a heart or lungs, or any of the other organs, then this could save the lives of millions. If science is able to clone skin for example then millions of burn victims would be able toShow MoreRelatedThe Consequences Of Cloning In Frankenstein By Mary Shelley1470 Words   |  6 PagesThe invention of cloning, both a blessing and a curse, can possibly enable humanity to reach eternal life. An invention is the creation of a device developed after a study or an experiment, in the hopes of benefiting society. The novel Frankenstein by Mary Shelley is about an inventor, Victor Frankenstein, who creates life that he later rejects. His invention results in consequences for both himself and his creation. Both cloning and the creation of the monster was made to benefit and advance society’sRead MoreFrankenstein by Mary Shelley1093 Words   |  4 Pagessince man evolved, technology has been improving. There has also been the debate of whether these improvements are necessary, harmful, or important. Some can argue that these advancements can be harmful, and that technology is moving faster than man can contend with. That argument is the premises, moral, and plot base for Mary Shelleys tale Frankenstein. On the other hand, J. Michael Bishops, essay Enemies of Promise   on the other hand promotes and boast sciences achievements. However, Mary ShelleyRead MoreEssay about Creating Life by Cloning is Immoral1650 Words   |  7 PagesCreating Life by Cloning is Immoral The idea of creating life has intrigued people since the beginning of time. Mary Shelly in her novel Frankenstein brought this idea to life. In this novel, Victor Frankenstein created life by using advanced science and spare body parts. The idea of creating life is a current controversy. Technology now allows for the cloning of sheep. Certainly, the ability to clone humans cannot be far away. It is necessary to place restrictions on cloning research and toRead MoreEthics of Frankenstein Essay918 Words   |  4 PagesThe novel Frankenstein written by Mary Shelley is a work of fiction that breaks the ethics of science. Ethics is defined as rules of conduct or moral principles which are ignored in the story. The story is about a person named Victor Frankenstein who creates an artificial being. Victor abandons the being out of fear and the being is left to discover the outside world on his own and be rejected by people making the monster go on a violent rampage. Victor’s d ecision would affect him later on by theRead MoreWhat is Cloning?931 Words   |  4 PagesCloning today holds a position of one of the most sought after inventions to cure humanity from organ failure and diseases. Scientists are working towards the elimination of human problems in the medical field and advancing in research so that immortality will one day be attainable. This could be a significant breakthrough for the human race, however dabbling in artificial creation remains unhealthy and factitious. Just as cloning falls under the same pretence of unnatural and dangerous life, soRead MoreEssay on Science I-search1613 Words   |  7 PagesScience I-search When the word scientist is mentioned, the public most commonly accepts this word in a positive sense. Scientists are known to find the cure for diseases and heal people through their research. Not until the genetic revolution have scientists been shunned and viewed as malevolent to the community. When the term genetic revolution is used, I am pertaining mainly to the issue of cloning. After the new discovery by Scottish researchers, who were responsible for creating the sheepRead MoreHuman and Important Cautionary Guide Essay1078 Words   |  5 PagesIntroduction to Frankenstein Mary Shelley The ethical debate concerning biotechnological exploration into genetic cloning has created a monster in itself. A multitude of ethical questions arises when considering the effect of creating a genetically engineered human being. Does man or science have the right to create life through unnatural means? Should morality dictate these technological advancements and their effects on society? The questions and concerns are infinite, but so to are the curiositiesRead MoreHuman Cloning Debate: The Fate of Frankenstein1671 Words   |  7 PagesBackground When Frankenstein was adapted for stage in 1823 the productions title was Presumption; or, The Fate of Frankenstein. A Victorian audience was concerned with the theme of a mans ambition to replace God by creating a new species. Equal emphasis was placed on this aspect of the novel in the 1831 introduction of Frankenstein, It is Mary Shellys critique of where such highly abstracted creative powers can lead when put in a realizing scientifi c context and then driven along by loftyRead More Is Human Cloning Another Frankenstein? Essay1272 Words   |  6 Pages Is Human Cloning Another Frankenstein? nbsp; The creation of life by unnatural method is a question that Mary Shelleys Frankenstein addresses. Through the events that result from Victors attempt to bestow life to the inanimate, Shelley concludes that it is inappropriate for man to play god. With the advent of the science of creation, cloning, scientists now face the same problem that Shelley raised years ago. The applications of such research are numerous, all varying in severity. In whatRead MoreFrankenstein, By Mary Shelley1112 Words   |  5 PagesMary Shelley introduces science, in her novel Frankenstein, using her understanding of the scientific developments of her time about chemical physiology. She illustrates her fears about unrestrained science on the hands of ambitious people which can only lead to disasters. Shelley successfully show that the abuse of science represents a threat to the society. Shelley shows that science is, at the same time, a powerful and a dangerous instrument, as it can be used to improve or destroy people’s

The Geriatric Population Essay - 1386 Words

The Geriatric population is one of the most rapidly growing populations in the U.S., due to advances in medication and health care people are living longer than they did before. According to the World Health Organization (WHO) the geriatric age group is defined as anyone over the age of 65 but this is not universal and depending on which country you live in it can be as young as 50 years of age which is the case in Africa (Definition of an older or elderly person, n.d.). It is extremely important for health care workers to encourage a healthy lifestyle in the elderly population and educate them on healthy personal choices because it can reduce frailty and ill-health in the older population which would lead to savings for the health care system and also personal savings for the patient, and also an improved quality of life. Exercise and proper nutritional choices are two very important lifestyle changes that a senior could make that would benefit their total health. Data shows that when patients are given a solid knowledge base about their disease or treatment, the outcome is much more positive (A Guide to Patient Teaching and Education in Nursing, 2012). Cardiovascular System The cardiovascular system is comprised of the heart, blood, circulatory system, and blood vessels. This body system has four major functions which are the transportation of blood to various parts of the body, it also pumps many different substances along with the blood throughout the body, itShow MoreRelatedPediatric Population : The Geriatric Population1780 Words   |  8 PagesGeriatric polypharmacy Polypharmacy refers to the use of four or more medications by a patient who is generally over the age of sixty-five also known as the geriatric population. While other populations are at risk, elderly patients have a higher rates of chronic illness which leads to taking several different medications. They are more likely to have numerous doctors causing poor communication between the groups of providers. This leads to different medications getting prescribed that can causeRead MoreThe Psychology Of The Geriatric Population864 Words   |  4 Pagesolder are referred to as the geriatric population. This population is the fastest growing population in the world; in fact, the current number of seniors in the U.S. exceeds 40 million. As people live longer, the elderly population is expected to reach 72 million by 2030. Medical professionals receive very little training when it comes to the mental health of seniors, which is concerning since the age group with the highest rate of suicide is the geriatric population. Caregivers and medical professionalsRead MoreAssessment And Intervention Of The Geriatric Population845 Words   |  4 Pagesclient with whatever problem they may be facing. Knowledge about how to properly assess a client’s strengths or limitations can be vital in providing proper intervention and delivering these services can be vital to a client, especially in the geriatric population (Richardson Barusch, 2006). Assessment According to Badger (2014), â€Å"Assessment is essential to social work practice no matter the social worker’s role.† The assessment process is vital to assisting a client with their needs because it notRead MoreA Project On The Geriatric Population1696 Words   |  7 PagesMake Your Wishes Known The purpose of this assignment was to develop a project related to an issue that has been recognized in the geriatric population. After careful consideration, it was decided that an ongoing problem seen within healthcare was associated with end-of-life decision making. Specifically, individuals not knowing what resources are available to make their wishes known to their families and healthcare providers. By educating individuals, this enables them to make these difficult decisionsRead MoreThe Geriatric Specialty Populations By. Hess852 Words   |  4 PagesThe Geriatric Specialty Populations Mylissa K. Hess As was documented in the textbook, â€Å"the importance of providing different levels of services to a heterogeneous population has given rise to a continuum of clinical categories† (Shi Singh, 2015, p391). The careful consideration of specialized care is often based on the specialty of the population for which the guardianship of a patient is needed to be provided. The assignment for this essay was to discuss health services for special populationsRead MoreHealthcare and the Homeless Geriatric Population738 Words   |  3 Pageshave been made available. This research proposal will discuss 1) the issues concerning the homeless population and their health; 2) the reasons behind the homeless lacking proper knowledge regarding these changes and 3) the necessary accommodations that are needed to better acclimate and educate the homeless population on these changes. REVIEW OF LITERATURE Most of the homeless includes a population of elders aging between 50 and over. Being homeless raises the chances of them not being covered byRead MoreThe Geriatric Population Is Surging Across The World1295 Words   |  6 PagesThe geriatric population is surging across the world, â€Å"Triumphant advances in medicine combined with economic and social development are resulting in increased longevity in the world’s population† (Hanson, 2014, p. 225). Aging is an undeniable process, and though there are techniques and procedures that may minimize the appearance of aging, the biological process itself, is unpreventable. However, it is ironic that the Western world correlates and glorifies youth and beauty whilst it simultaneouslyRead MoreDental Care Services For The Geriatric Population Essay907 Words   |  4 Pagesawareness, accessibility, affordability and quality of dental health services for the geriatric population, because the geriatric population is increasing rapidly and is expected to rise to one-third of US population by 2030. The elderly population in California is growing as twice as total population growth rate in the United States. Dental care services are un-accessible and unaffordable to a majority geriatric population especially institutionalized elderly (nursing home residents and long-term careRead MoreThe Aging Population Model Of Geriatric Patients Essay730 Words   |  3 Pagesthe same token, Blazer (2009, p. 118) implied that depression is the most prevalent cause of emotional difficulty in later life and significantly reduces the quality of life in the elderly. For this discussion, I will select the aging population model. Geriatric patients who are routinely admitted to the hospital for various medical reasons are susceptible to the consequences of depression. Especially, if there is a component of physical inactivity and chronic pain that can lead to functionalRead MoreGeriatric Populations And Dimendations Between Children And Adults1154 Words   |  5 Pageswere avoided, as the population being studied was strictly adults. Of the final 11 articles in PubMed, three RCT’s, and one SR/MA were selected. Two of those eleven were studying babies/children in conjunction with adults, so they were excluded. One study focused only on the prevention of CDI, and there was no mention of AAD, so that was eliminated in order to stick to the dependent variable of AAD. Three of the eleven were solely studying geriatric patients, and the population is adults (19+).

Risk Management The Changing Landscape - 1112 Words

Risk Management: The Changing Landscape The landscape of risk management has changed considerably over the recent years. Once where its role was limited to pure loss exposure and it was viewed as a means of crisis management, it has now gained priority and become the key to competitive advantage. Companies are investing in and trying to advance their risk management capabilities. Four years ago when the industry had started to recover from the global crisis, risk management appeared to it more like crisis management. But now it has assumed the role of a forward looking approach towards managing a large spectrum of business risks which can enable sustainable long term growth. It is why risk management has assumed a higher priority as well†¦show more content†¦(Complianceweek, 2008) The process of risk management has been greatly influenced by the evolution of financial markets and institutions. Over the last decade the financial market has undergone rapid and profound changes. As the market has evolved, with it the means of risks management have also broadened dramatically. The changes in our financial environment include new computing as well as telecommunication technologies and along with reduction in legal and regulatory barriers to entry. The global financial crisis also revealed weaknesses in the risk management tools and practices industry wide. In the light of the recent changes a few things have become absolutely essential for companies. The first is linking risk to business performance. Companies need to create processes and mechanisms which link risk to business performance. Risk management under the current scenario also includes measures like highly sophisticated measurement, modeling and analytics for anticipating risks as well as integrating risk management capabilities with the organizational structure and across business units. Similarly, developing relationships with regulatory agencies as well as managing regulation and compliance has also become essential. (Butcher, 2011) Apart from all, detailed training on risk management and infusing risk awareness across the organization is also essential. In short,

Starbucks At The Barnes And Powers Location - 1506 Words

I decided to go to Starbucks to observe how people interacted in and with the setting of a coffee shop. It was 8am at the Barnes and Powers location. I relied heavily on visual cues and nonverbal communication as the environmental sounds muted what little conversation was happening around me as it was moderately busy with about half the seats occupied. This particular location is one of the newer locations, so it has a more modern design and layout than many of the other Starbucks in town. Upon entrance, the flow of the room automatically directs customers to the line by placing the self-serve bar on the right, a coffee and mug display directly in the front, and the larger shelves of merchandise to the left. Behind the coffee and mug display is the refrigerated food case and the cash registers. Finally, bar-like seating divides the line from the seating area. The menu, behind the cash registers, is already welcoming the upcoming winter holidays with a full panel highlighting their se asonal drinks. After basking in the joy of the upcoming season or having a moment of panic that it’s already November, the pick-up bar is proudly displaying the standard Starbucks espresso machines. While most patrons note this as consistent branding, a message declaring the standard of espresso to be expected, those more seasoned in the art of espresso might see a different message depending on their experience and preference. To them, these machines translate to feelings of either admirationShow MoreRelatedCase Study : Strategic Alliance And Licensing Arrangement965 Words   |  4 PagesPriyanka Sevak MGT: 435 Case Write Up Two growth initiatives that â€Å"Made a sense† 1. Forming Licensing and partnership agreement with retailers, so Starbucks could sell their coffee in the different location ( e.g. Airport , Host Marriott) Concept ¬: Strategic Alliance and Licensing Arrangement: A strategic alliance is a long term corporative arrangement between two or more independent firms in business units that engaged in the business activity for mutual economic gain. Licensing ArrangementRead MoreAmazon vs Barnes and Noble958 Words   |  4 Pagesverses Barnes and Noble Grant Edwards North Greenville University Marketing Management – MRKT 5310 Dr. Ed Sherbert After visiting the websites of Amazon and Barnes and Noble, it is clear that both companies have done an exceptional job at designing sites that effectively communicate their brand along with specific products they want to sell. Amazon achieves 29 billion in revenue per year generating a profit of 1 billion and producing a whopping ROE of 24%. In contrast to this, Barnes and NobleRead MoreCase Study : Supply Chain Flexibility807 Words   |  4 Pagesstrategies are needed for Starbucks Inc. considering there major changes in product placement. The supply chain cannot keep up with the demand and major changes in SOP. Not enough training is given to the managers, Poor process flow of distribution of new products, and taking away from C.A.F.E. which was a major value to Starbucks. But lets a take look into Starbucks operations, Starbucks sells coffee drinks and of course beans through their owned and authorized retail outlets. Starbucks stated mission,Read MoreStarbucks Case Study Essay1357 Words   |  6 PagesStarbucks is one of the most recognized brands in the world. Since 1971 Starbucks has become synonymous with coffee which they used to embody the brand and create a lifestyle behind it. Starbucks wants the world to know they have more to offer than coffee and are committed to meeting the needs of society. â€Å"We’re not just passionate purveyors of coffee, but everything else that goes along with a full and rewarding coffeehouse experience. It’s not unusual to see people coming to Starbucks to chat,Read More barnes and noble Essay1006 Words   |  5 Pages Barnes amp; Noble does business -- big business -- by the book. As the #1 bookseller in the US, it operates about 650 superstores throughout 49 states and the District of Columbia un der the banners Barnes amp; Noble, Bookstop, and Bookstar, as well as about 200 mall stores using the names B. Dalton, Doubleday, and Scribners. The companys GameStop subsidiary is the #1 US video game retailer with about 1,500 stores under the names Babbages Etc., GameStop, and FuncoLand. Barnes amp; Noble ownedRead MoreStarbucks Analysis On The Coffee Chain And A Brand That Changed The Americans Coffee And Cafe Culture3172 Words   |  13 PagesThis Individual work is based on the case study â€Å"Starbucks: Back to Basics?† written by Sachin Govind. The case reviews the success story about the coffee chain and a brand which changed the Americans’ coffee and cafà © culture. However, it also highlights that Starbucks had been facing some challenges as well as having difficulties inside the company. Furthermore, some analysts expect that the corporation eventually will destroy what they have built up and what have become to be known as their uniqueRead MoreTypes Of Norms And Each Type Have Their Own Set Of Rules1860 Words   |  8 Pageschallenge for me. I decided to go to two different public places where I know a lot of people would be present. The first place I went was the Barnes and Noble at the Collierville Carriage Crossing Shopping Center. The reason I choose Barnes and Noble is because there is a Starbucks Coffee shop located in the front of the store. When I arrived at Starbucks I walked in, ordered a beverage and waited until the Starbuck’s clerk called my name to get my beverage. While I was waiting I decided to scopeRead MoreStarbucks Corporation, An American Company1910 Words   |  8 PagesAbstract The Starbucks Corporation, an American company founded in 1971 in Seattle, WA, has had a substantial impact on the way Americans socialize, relax and even meet to conduct business. Starbucks is a premier roaster, marketer and retailer of specialty coffee around the world. With an annual growth consistently topping 20%, it is obvious that the company is doing something right. Today, the Starbucks Corporation employs over 182,000 individuals in 19,767 company operated stores that are spreadRead MoreStarbucks : A Brand And Social Influence Into The Realm Of Pop Culture1804 Words   |  8 PagesAn international coffeehouse franchise named Starbucks was founded in Seattle in 1971. It is the world’s largest coffeehouse and coffee retail chain, with approximately eleven thousand stores in the United States and more than twenty thousand stores worldwide in sixty-five countries (Annual Reports). In 1981, Howard Schultz was introduced to Starbucks and had an immediate attraction to th e company that drew him in for years to come. Schultz traveled to Italy in 1983, and the Italian coffee barsRead MoreEssay On Gentrification1368 Words   |  6 PagesAfrican-Americans so that meant they brought their culture along with them, hence the plentiful jazz clubs and restaurants. With gentrification all of those small-owned and family-run businesses are down the toilet because the big corporations like Starbucks, Barnes and Nobles, HM, etc. buys out these small businesses, hence destroying the culture it brought the neighborhood. With these new breed of â€Å"Hipsters† or â€Å"Culture Vultures† moving in they are taking over the neighborhood like it’s theirs, it s

Social and Digital Media Ethical Consideration for Nurses

Question: Define social and digital media identify and explain one ethical consideration for nurses explain how ethical considerations relate to the nursing code of conduct and to the national competency standards for registered nurses. Answer: Social and digital media: Social media is a computer mediated instrument, it creates a phenomena where people can share their views, ideas, information, pictures and many other things. Social media can be defined as a group of applications based upon the internet, which is build on the technological and ideological foundation of web. It is generally sharing oriented (Mandiberg, 2012). For social interaction and connecting to the world at large came to doorsteps by way of social media. Social media plays a very important role in the present society; it connects the societies of various countries in a single platform. Social media, depending upon technologies can be taken in many forms like magazines, social blogs, micro blogging, social networks, podcasts, photographs, social bookmarking and many others. The main object of social media is to connect the world in a global manner. This is the era of technologies, high class technological development and inventions are the most remarkable aspect of this era (Healey, 2011). Digital media refers electronic way of media. In old days media was generally news papers and other periodicals. But now days television media plays the most important part in the field of digital media. Digital media can be defined as the way of media in a social phenomenon by way of electronic transformation. Television made it very easy and convenient for the social members to get the use of media at their home. Digital media has improved its dimensions and now they are also available in various internet sites. Ethical consideration for nurses: Doctors are addressed by human being as god, as they are the saviors. But nurses are the hands for the doctors in relation to serve a patient at the level best. A nurse plays the most important role after doctors to cure the disease of a patient. A doctor prescribes the treatment but such prescription is followed and implemented by the nurses. During the process of treatment a nurse take care of the patient in all aspects (Hegney, 2007). A nurse fights for the patient. But they did not get adequate ethical consideration for their duties. A nurse serves the society as well as the patients. They should get the consideration from the ethical sense as they actually deserves. Regular basis despite the consequences of anywhere they put into practice. Regardless of where nurses job in their different roles, they are faced with moral considerations that can blow them and their guardians. There is no right way out to an ethical tight spot. It is a trouble without a reasonable resolution. The importance of fair decision-making lays in the actuality that exceptionally different ethical choices on the subject of the similar ethical problem can be made consequential in neither option being a right or wrong resolution. Ethics rivet doing good quality and causing no hurt. But how any one defines what is ethical can differ in a different way from nurse to nurse. Classes on the ideology of nursing principles provide the nurse the tools to foundation ethical decisions upon. However, this information is then formed by the principles, viewpoint and experiences of the nurse. As a result, very dissimilar choices may be completed relating to the similar dilemma (Hurley Hu tchinson, 2012). Nurses working in todays healthcare atmosphere face progressively more complex moral dilemmas. It is run into these dilemmas in circumstances where the capability to do the accurate thing is regularly caught up by conflicting ethics and viewpoint of other healthcare providers. Some face up to the ethical issues in a straight line while others spin away. Upholding the promise to patients needs significant moral courage. Ethical courage helps to deal with moral issues and take stroke when doing the appropriate thing is not simple. Moral courage involves the keenness to converse and do what is correct in the countenance of forces that would show the way to act in any other way. Nurses who hold moral courage and support in the best benefits of the patient may sometimes discover themselves experiencing unfavorable outcomes. There is a want for all nurses in all roles transversely all settings to entrust for working toward innovating job environments that hold up moral courage (Kralik Van Loon, 2008). The improvement in newly qualified nurses dependability and answerability was the most important stressor in the changeover procedure in all the credentials reviewed. Duties can be subdivided into: managing; assignment; drug organization; and prioritizing. From her qualitative dynamic research revise of learner nurses, newly competent nurses and zone managers, identified administration skills of newly qualified nurse as a main area of concern. Nursing peer analysis appears to have gained impetus as an effect of escalation of hospital involvement in the American Nursing Associations Magnet Program.Nonetheless, less than 7% of United States hospitals are capable. Magnet hospitals are necessary to have had a peer appraisal assessment procedure in place intended to improve practice and presentation for all RNs for at least two years.The writing on nursing peer review is incomplete than that which has been improved for physician peer evaluation,and has focused further on yearly recital appraisal than on case analysis.No collective studies of experimental nursing peer evaluation practices have been published. However, more classy studies have been provided. Generally what is erroneously referred to as "peer review" in experimental practice is really a form of the yearly performance assessment. The yearly performance assessment is a administrative procedure and does not meet the description or outcomes required in relation to peer review. Other managerial practices may infringe the peer appraisal guiding principle set in the year 1988 by the ANA.The most common infringement is the presentation of straight care peer appraisal by managers. One of the causes for the uncertainty is that the ANA rule for peer review had been out of publishing prior to being simplified and reprinted in 2011. After the above discussion it can be considered that nurses are one of the most important part in the medical field as to the treatment of patients, they provide their level best in serving patients but they getting nothing as such in respect of the ethical consideration. References Healey, J. (2011).Social impacts of digital media. Thirroul, N.S.W.: Spinney Press. Hegney, D. (2007). Practice nursing in rural Australia.Contemporary Nurse,26(1), 74-82. doi:10.5172/conu.2007.26.1.74 Hurley, J., Hutchinson, M. (2012). Setting a course: A critical review of the literature on nurse leadership in Australia.Contemporary Nurse, 1908-1919. doi:10.5172/conu.2012.1908 Kralik, D., Van Loon, A. (2008).Community nursing in Australia. Oxford, UK: Blackwell Pub. Mandiberg, M. (2012).The social media reader. New York: New York University Press.

Financial Statement Of Health Scope Limitedâ€Myassignmenthelp.Com

Question: Discuss About The Financial Statement Of Health Scope Limited? Answer: Introducation The company that has been considered in the study is Health Scope Limited. The company is operating the hospitals, pathology labs and medical centre throughout the World. It has been incorporated in the year of nineteen hundred and eighty five and since then the company has the remarkable history in the medical industry Company also have the clinics for mental patients and have rehabilitation centre. Gordon Ballantyne is the current Chief Executive Officer of the company appointed on the 15th day of May, 2017 and has succeeded Robert Cooke. The home office of the company is located at Level1, 312 Street Kilda Road Melbourne Australia, and VIC 3001. The company working offices is located at Australia, New Zealand, Singapore, Vietnam and Malaysia. The main geographic location is Australia and New Zealand. The company has prepared the financial statements for the year ending on 30th of June 2016. The books of accounts of the company have been audited by Deloitte Touche Tohmatsu by givin g the authentication through the audit partner of the audit firm - T Imbesi. In the auditor report it has been mentioned that the financial statements have been prepared and presented as per the rules and regulations of the Corporations Act 2001. The auditor has further stated that the company has complied with the Australian Accounting Standards and the other accounting Standards. The third statement that the auditors have made is that the financial statement of the company represents the clear and fair picture of the working position as on 30th of June 2016 and working performance for the year ended on that date (Company Official Website, 2017). The market price of company stock as on 8th of September 2017 is 1.64 AUD and dividend per share is 0.0700 AUD (SMH Official Website, (2017). The analysis has been made further with the help of marketingreport and financial ratios. Industry Situation And Plans Of Company The company is working under the health care equipment and service industry and in this heading, the situation of the industry has been discussed and the plans of the company for the future growth of the company have been detailed. Industry Outlook Health Care Industry in Australia has been valued at sixth rank among the different countries across the globe. Australia has very strong system of health care providing value added facilities at each stage but at the same time the company is facing the situation of extreme pressure. The pressure is in the form of financial terms in the face of the heavy expenditure which has led the wiping out of the economy of the country. The similar challenges are being faced by the health care industry of different countries which have strong health care system. An industry which is planning to have the economic growth shall include the exports of the products or services as the major segment of the business and the introduction of the foreign investment and more importantly the privatization of the different sectors. It will add towards the enhancement of the economy of the country in the positive direction (Bartlet, 2016). The same objective of expansion is the todays necessity in the concerne d industry. Companys Future Plans One of the strategic actions of the company is to complete the seven projects which are in pipeline by the end of the financial year ending 2019. These projects are in New South Wales, Queensland and Victoria. Second strategic action is to have the delivering performance of the forty five hospitals operating as on date. The company has forecasted that the company will do other projects in the future in alignment with the Government of NSW. Currently the company is working on the project of the hospital at the Northern Beaches under the public private partnership with the Government of NSW with 450 bed facilities and will be marked as the first and foremost major investment in the northern beaches. Another strategic action that the company will take in the next year is to sell or dispose off or divest the operations of the medical centre only. It is because of the non performance of the said segment and the company has even decided to sell out its operation for AUD50 million to Fuller ton Health Care PTY Limited which is subject to the forecast and the certain adjustments. This will make the company to emphasize on the major area which is Hospitals (Company Official Website, 2017) Financial Performance And Position The financial statements consist of the Balance sheet and profit and loss statement. The former tells about the financial health of the company as on that date and the latter tells about the financial results of the company. The financial statements for the last four years ending on 30th of June 2014, 30th of June 2015, 30th of June 3016 and 30th of June 2017 have been considered for the analysis of the financial performance, financial position and cash flows (Company Official Website, 2017; Company Official Website, 2016; Company Official Website, 2015). Statement Of Financial Performance The table has provided the amount of gross profit, operating income and the net income that the company has earned during last consecutive four years. After that the trend analysis has been conducted considering the year of 2014 as the base year (Taylor, 2010; White, Sondh, and Fried, 2005). STATEMENT OF FINANCIAL PERFORMANCE WITH TREND ANALYSIS ($ Million) S. NO. PARTICULARS 2017 2016 2015 2014 1 GROSS PROFIT Revenue 2318 2233 2157 2038 Less Cost of Sales 515 491 479 449 Gross Profit 1803 1742 1678 1589 2 OPERATING INCOME Gross Profit 1803 1742 1678 1589 Less Operating Expense 1524 1453 1389 1382 Operating Income 279 290 289 207 3 NET INCOME Net Income 111 181 141 (183) 4 TREND ANALYSIS Trend with 2014 as base year (In Percentage) a) Gross Profit 113 110 106 100 b) Operating Income 134 140 140 100 c) Net Income (61) (99) (77) 100 d) Revenue 114 110 106 100 As per Notes to the financial statements of the annual report for the year ending 30th of June 2017, the following accounting policy has been taken into consideration: Revenue - Revenue has been recognized at the fair value of the amount received from the patient and is recognized on the date it is provided to the patient. It has been mentioned that the applicability of AASB 15 Revenue from Contracts with customers and AASB 16 Leases will be checked and applied for the year ending 30th of June 2019 and 2020 respectively. Operating Lease The lease payments are recognized over the term of the lease on the straight line basis. The company has not assumed any type of risk associated with the assets so leased. As per the current market situation, the health care equipment industry has been in upward trend by 7.57% but the company has been receiving the negative trend from the last two year. Statement Of Financial Position The table has provided the amount of assets, liabilities and equity for the last consecutive four years. After that the trend analysis has been conducted considering the year of 2014 as the base year. STATEMENT SHOWING FINANCIAL POSITION AND TREND ANALYSIS S. NO. YEARS ASSETS LIABILITIES STOCKHOLDERS EQUITY TREND ANALYSIS (2014 AS BASE YEAR) 1 2017 4701 2333 2368 128 72 525 2 2016 4445 2072 2373 121 64 527 3 2015 3981 1675 2306 108 52 512 4 2014 3677 3226 451 100 100 100 As per the annual report of the company for the year ending 30th June 2017, following are the accounting policies: Property Plant and Equipment has been valued at the cost less the amount pertaining to the depreciation of assets and impairment losses. The company makes the estimates and judgments regarding the assumptions for the amount of cash flows which will be generated in future and discount rates. Goodwill is recognized at cost of acquisition less impairment. Other intangibles are recognized at cost less depreciation if it has the finite lives otherwise at the cost less impairment if any. Statement Of Cash Flows STATEMENT SHOWING CASH FLOWS AND ANALYSIS ($Million) S. NO. PARTICULARS 2017 2016 2015 2014 1 Operating Cash Flows 331 324 301 158 2 Net Income 111 181 141 (183) 3 Investing Cash Flows (562) (492) (342) (153) 4 Financing Cash Flows 149 229 128 46 5 Net Increase / (Decrease) (83) 61 87 51 Till the year of 2016, the operating cash flows have direct relationship with the net income but after that there has been the reverse relationship. Yes, the company has been expanding in Investing Activities in terms of higher revenue but contracting in terms of net income. The major source of finance for the company in the year 2017 is the proceeds from the project of Northern beaches in collaboration with Government of New South Wales. Over the past four years the cash and cash equivalents total of AUD116 million has been increased. Ratio Anaysis The ratios have been calculated as per the following table (Lan, 2012; Drake and Fabozzi, 2010; Olugbenga and Atanda., 2014.): STATEMENT SHOWING THE RATIO ANALYSIS S. No. PARTICULARS 2017 2016 2015 2014 1 Liquidity Ratios a Current Assets 491 500 522 335 Less Current Liabilities 403 389 407 3110 Working Capital 88 111 115 (2775) b Current Ratio 1.22 1.29 1.28 0.11 c Debtors 166 146 96 108 Revenue 2318 2233 2157 2038 Debtors Turnover Ratio 13.97 15.29 22.46 18.87 d Average Debtors 156 121 102 108 Revenue 2318 2233 2157 2038 Average days sales uncollected 25 20 17 19 e Inventory 55 58 53 50 Revenue 2318 2233 2157 2038 Inventory Turnover Ratio 42.15 38.50 40.69 40.75 f Average Inventory 57 56 52 50 Revenue 2318 2233 2157 2038 Average Days Inventory on Hand 8.90 9.07 8.72 8.96 a EBIT 278 290 288 209 Revenue 2318 2233 2157 2038 Net Profit Magin 11.99 12.99 13.35 10.26 b Assets 4701 4445 3981 3677 Average Assets 4573 4213 3829 3677 Revenue 2318 2233 2157 2038 Asset Turnover Ratio 50.69 53.00 56.32 55.41 c EBIT 278 290 288 209 Average Assets 4573 4213 3829 3677 ROA 6.08 6.88 7.52 5.68 d PAT 111 181 141 (183) Equity 2368 2373 2306 451 Average Equity 2371 2340 1379 451 ROE 4.68 7.74 10.22 (40.61) 3 Long Term Solvency Ratios a Debt 2333 2072 1675 3226 Equity 2368 2373 2306 451 Debt to Equity 98.52 87.32 72.64 715.30 b EBIT 278 290 288 209 Interest 53 44 70 407 Interest Coverage Ratio 5.25 6.59 4.11 0.51 4 Cash Flow Adequacy Ratios (Dechow, Richardson, and Sloan, 2008) a Cash 196 279 218 138 Current Liabilities 403 389 407 3110 Cash Flow Yield 0.49 0.72 0.54 0.04 b Cash Flow from Operating Activities 331 324 301 158 Sales 2318 2233 2157 2038 Cash Flow to Sales 0.14 0.15 0.14 0.08 c Cash Flow 331 324 301 158 Assets 4701 4445 3981 3677 Cash Flow to Assets 0.07 0.07 0.08 0.04 5 Market Strength Ratios a Earnings Per Share 6.4 10.4 8.6 (11) All the above ratios have been facing the decreasing trend over the past four years. This is majorly because of the health of the industry in Australia as the company is required to spend more on the facilities and industry is currently under the pressure (Delen, 2013). Conclusion To conclude with the report, the company has been growing over the past five years and has been in the wave of expansion of the company. The synergies have arisen in the revenue but the net income has been decreasing year on year basis. It is recommended that the company shall take care of its financial part seriously as the company will soon face the problem of liquidity if the same situation prevails. Based on the analysis, the company is the strong performer since its inception. The reason for the above decision is based on the financial performance of the company in the year 2014-15 as the company has overcome the loss of AUD183 million in 2014 to the profit of AUD141 million in 2015. 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