Managing Corporate Finance - MBA Programme Research Paper

Managing Corporate Finance - MBA Programme - Research Paper Example With a net debt component of  £679 million in the capital base and  £700 million as equity capital the interest coverage ratio of the company was comfortably placed at 46.0 times in 1996.   However, this ratio could not be sustained for long as in the immediate year it fell to 6.7. This may be due to the additional debt of  £262 million issued by the company in 1997. But in the following two years it discharged its debts worth  £10 million and  £176 million respectively. Interestingly, even after the discharge of this debt, the interest coverage ratio declined to 6.7 times. This may be due to the influence of macroeconomic factors like increase in interest rates. The interest rates prevailing in the UK in 1996 was in the range of 6 - 6.25 %. For the most part of the year, the monetary authority kept reducing the interest rate by 0.25 percent. But thereafter the interest rates in the UK started moving upwards. It reached up to 7.25 percent by the end of 1997. This was an increase of 100 basis points over the last year. This appears to be the main reason for the high-interest amount paid by British Energy in 1997.  After this the company was running in losses till the next two years. It recorded a loss of  £4292 million in the financial year 2002-03. The Executive Chairman tried to assure the investors of the financial stability of the company but this did not pay off as in the Financial Services authority suspended the dealing of British Energy shares. This forced the company to seek government support of  £650 million.  

Psychological Disorders Screening Project Essay Example | Topics and Well Written Essays - 250 words

Psychological Disorders Screening Project - Essay Example 405). The results from a properly administered test can provide truthful insights about a person, which in turn could be valuable in helping him or her deal with emotional conflicts, in guiding him or her as to the choice of a course or vocation, or in assisting the individual to land a job (â€Å"Personality Testing†, n.d.). When we speak of personality disorders which Millon defines as the ways by which an â€Å"individual deals with dependency needs (as cited in Kaplan & Saccuzzo, 2001, p. 435), psychological screening tests designed to assess such can help professionals identify the syndrome and thereby prescribe appropriate interventions. There are variables that may have serious effects on the test-taking process. One such variable is the test-taker him/herself. Kaplan and Sacuzzo (2001) point that a subject’s motivation, anxiety, physical health and even hormonal levels can significantly affect test performance. When I took the test, I believe I was in a normal state, i.e., neither nervous nor sickly which reflected in the average results I got from the tests. Any and all information gathered from psychological tests may be used in a variety of ways. As mentioned earlier in this paper, personality tests help an individual increase his self-awareness.