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Gildan Activewear In The Juvenile And Clothing Industry

833 Words4 Pages

Part A: 
 Understanding financial statements locate and use an annual report Valmiki Loach 212816450 Section C ADMS 2500 Step 1&2: Find company assigned and write cover report a) Gildan Activewear Inc. b)http://www.sedar.com/GetFile.do?lang=EN&docClass=2&issuerNo=00010422&fileName=/csfsprod/data150/filings/02296030/00000001/u%3A%5CGildan_AR14_EN.pdf c) Gildan Activewear is a prestigious company which specialize highly in the textile and clothing industry D) When coming to productivity the company Gildan Active wear comes out on top. This company consists of manufacturing and also supplies private and well known branded suppliers completing their unique logos and designs with satisfaction. After the process is completed they are than pushed out to American retail companies. The company majors in sportswear and operates in Central America and the Caribbean. This company manufactures for one of the biggest brand names in active wear known as Under Armour. This company did not just become successful out of the blue moon, the company hard work and dedication is what got the company where it is today. Gildan Activewear looks up to certain levels of perfection. A big commitment on leadership is key to the …show more content…

Their prime uses of finances are to pump money in working capital requirements, capital expenditures, payment of dividends and business acquisitions. This includes the acquisition of Doris in 2014. Other reasons for change in non-current liabilities is the increase in the following accounts long-term debt by 157.0 million dollars, deferred income tax liabilities by 0.3 million dollars, employees benefit obligations by 1.1 million dollars, and provisions by 1.6 million. All these accounts affected the change in non-current

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