So yes, It was the first time I have looked at a company’s annual reports and I was overwhelmed with a lot of information with a lot of pages compare to my friend’s annual report as everything was new to me. Also I found it very curious about the currency as they are using Euro and how foreign currency translation affects to my company. After reading chapter 1 and 3 of the study guide helped me to get some clue for organising and alanysing financial reports.  

There are Hays’ annual report links:

2014: http://www.hays.com/cs/groups/hays_ta/documents/digitalasset/hays_1224077.pdf

2013: http://www.hays.com/cs/groups/hays_common/@haysworldwide/@content/documents/webassets/hays_822003.pdf

2012: http://www.hays.com/cs/groups/hays_common/@haysworldwide/@content/documents/webassets/hays_632709.pdf

Hays’ annual reports gives a lot of information so I can easily understand what really happened in that year. This annual reports not only shows financial statements but also gives how they create value and the economic backdrop in their markets for the year. As I cans see their progress of the year I have started to understand bit more about the Hays.

I found that only 2011 annual report contains Trade and other payables in non-current liabilities but not in following years. I was wondering what the Trade and other payables exactly mean is.

Through the annual report, I would get to know financial highlights in each year and compare among years of 2012 to 2014

In 2012, Hays delivered good net fee growth of 8% driven by a strong performance by International business and excellent conversion rate of 37.5% driving 11% growth in operating profit. Consultant headcount increased by 4%.

In 2013 16% net fee declined in Australia driven by 25% fall in perm business and a step down in mining activity but 4% net fee growth in Asia. Strong conversion rate of 32% achieved due to control on costs.

2014, there was 5% increase in Group net fees and 20% increase in operating profit. Also there was 19.4% of conversion rate of Group net fees into operating profit and 5,357 croup consultant headcount up 6% over the year (2013: 5,037).

KCQ’s are following:

What does consolidated mean

What does trade and other payable mean?

Cash and cash equivalents?

What's in other reserves- own shares? 

What does PSP and DAB means?

I am very satisfied about the company that I have been given. as Hays is one of the biggest company in recruiting industries with good reputation. They built a platform that takes that expertise across the world and into many different industries and sectors which made in interested in their company. Also, as I used to work in human resource department in Korea for 1 year so it was bit easy to approach as I am familiar with recruiting.

Spread sheets of Hays