ipl-logo

What Is Indigo's Financial Statement

559 Words3 Pages

These are some interesting footnotes from Indigo’s 2017 Annual Report. All values presented in this portion are in thousands of Canadian dollars.

Note 2: Nature of Operations (see pg. 32 of the 2017 Annual Report)
Indigo became Canada’s largest book, gift and specialty toy retailer when Chapters Inc. and Indigo Books & Music merged together under the laws of the Province of Ontario, in accordance to a Certificate of Amalgamation date August 16, 2001. Since then, Indigo has been operating a chain of retail bookstores across all ten provinces and one territory in Canada. As of April 1, 2017, Indigo operates 89 superstores; operating one more superstore than 2016 under the Indigo and Chapters names. Again in fiscal 2017, Indigo is operating 123 small format stores under the banners Coles, Indigospirit, Smithbooks, and The Book Company. Along with earning revenue from these physical stores, another portion of Indigo’s revenue comes from online sales. These online sales are generated from the indigo.ca website and the company’s mobile applications. These digital platforms sells a broad selection of books, gifts, toys, and paper products. In …show more content…

This decrease in cash and cash equivalent is a result of a lower amount in cash, restricted cash, and cash equivalents. Despite that in fiscal 2017 cash and cash equivalents were lower than the cash and cash equivalents amount in fiscal 2016, Indigo had held $100.0 million of short-term investments while none were held in fiscal 2016. These short-term investments consists of guaranteed investment securities with an original maturity date greater than 90 days and remaining term to maturity of less than 365 days from the date of acquisition. Since these investments are not able to be redeemed before maturity date, they are not classified with cash and cash

Show More
Related
688 Words | 3 Pages

Ulta Beauty, Incorporated was founded in 1990 as a beauty retailer by Richard George, a former Osco drug Inc. president. In 1990, it was difficult for a consumer to purchase beauty products without shopping at various retail locations. Comparatively, Ulta Beauty offered a concept of All Things Beauty, All in One Place™. It is currently the largest retailer in the United States offering 200,000 products from 500 beauty brands through brick and mortar stores and e-commerce. The company offers fragrances, hair care products, skin care products, full service salons, and cosmetics.

Read More
377 Words | 2 Pages

So far, in almost 8 months the company is seeing business increase greatly; which is a win-win situation for the company and its stakeholders. CanGo is now in great position to expand their inventory. In addition to new and used books, CanGo is looking to start offering music downloads capabilities, magazines and more electronics such as IPad, tablet, and smartphones. CanGo will continue to use their Just-in-Time delivery (JIT) method. This process has proven to work well for the company

Read More
403 Words | 2 Pages

In 2001, Chapters and Indigo officially merged to form the largest book retailer in Canada under the corporate name Indigo Books & Music Inc. Now, they are operating stores in all ten provinces and one

Read More
506 Words | 3 Pages

The financial analysis will help to give recommendations regarding the current financial condition of CanGo. The best way to measure the performance of a company such as Cango is by performing a financial analysis. By looking at CanGo’s current financial state it will help to better the company and ensure the future success of CanGo. Currently CanGo is doing fairly good financially in that they have managed to keep their current ratio at a reasonable number of 5.39%. With that number as it stands, if CanGo had to they could be capable of paying off their debts and would be able to continue to do business.

Read More
1101 Words | 5 Pages

The state of Indiana is a mid-western state governed by Mike Pence in 2016, and its financial statements were prepared by Auditor of State Suzanne Crouch and her team (1). Its 2016 Comprehensive Annual Financial Report communicates to readers that: Indiana’s post-retirement health care plan is underfunded and has a funding gap, its infrastructure is sufficiently maintained, its deficit is concerning, it has increase state-funded medical care, and its unemployment is decreasing. Ohio is an appropriate benchmark and comparison for Indiana’s financial performance. 1. The first insight readers gain by analyzing Indiana’s financial statements is that there is a financial gap between the funding for its other post-employment benefits, primarily its

Read More
1458 Words | 6 Pages

These types of animations can be used to create icons that can notify consumers when items are on sale or are almost gone. These types of signals can create a sense of urgency and encourage your consumers to act quickly. The use of quality photography and 360 graphics will enhance and give CanGo’s ecommerce an advantage over its competitors. Amazon’s online shopping does not necessarily use the most profound graphics, but their broad range of products gives them the competitive boost over most online shopping competitors. The use of higher quality graphics and more detailed imagery can give CanGo the boost it needs and strategically place the company in its most advantageous place in the market.

Read More
1230 Words | 5 Pages

Summary: Aritzia is opening more stores in the U.S. after “its net income tumbled 39% compared to the same period last year” (Duhatschek, 2024). Aritzia is becoming notorious in the U.S., so it decided to open more locations there. The brand aims to increase its sales by expanding its branches to locations where there is more demand. Since there are countless locations for new stores, Aritzia aspires to open 8-10 stores each year in a few years. Doug Stephens claims “They can't just look at international growth as being the cure-all that will fix all their problems”.

Read More
310 Words | 2 Pages

The importance of financial reports in relation the JB Hi Fi is recognised due to their involvement with shareholders which demonstrates sales, profits and all dividends which is driven by good customers service, improved gross margins and on going cost control. With 182 stores in Australia the financial reports enables to review and assess the achieved sales and comparable sale growth which enables to monitor the business in this competitive market. The company’s financial report also provides various financial information that all share holders must use to evaluate a company’s financial performance. Financial reports are also important to the company’s managers and board of directors in which management can communicate with the relevant parties

Read More
1116 Words | 5 Pages

However, this form of income is risky as ALS recognized a loss in 2016 (5). Though the ALS Association has the liquidity to cover its liabilities, the ratio indicates there are spending inefficiencies in the non-profit. Another way to analyze ALS Association’s liquidity is analyzing its net assets. 79% of its net assets are unrestricted, 29% are temporarily restricted, and 1% are permanently restricted. Unrestricted assets have increased by 5% since last year while temporarily restricted have decreased by 6% (3).

Read More
474 Words | 2 Pages

(TGT) 1.) Liquidity of short-term assets Current ratio 0.94 Cash ratio 0.06

Read More
134 Words | 1 Pages

Nordstrom is operating in Canada, Puerto Rico and 40 states in American, with 123 full-line stores including 215 Nordstrom Rack, Trunk Club, Jeffrey boutiques, clearance stores and the company serves customer online at Nordstrom.com, nordstromrack.com and HauteLook, which leads you to the answer

Read More
1341 Words | 6 Pages

Gemini Electronics has become a successful electronics company that looks to be growing on an upward slope. We can see where Gemini is booming, as well as where they are lacking, by analyzing their Ratios and Statement of Cash Flow. Liquidity measures a firm’s ability to meet its cash obligations; shown by calculating the Current Ratio and the Quick Ratio. Gemini’s liquidity has slightly increased from 2008 to 2009, but remains below the industry average. An acceptable Current Ratio should be around 2:1, which Gemini has exceeded in 2008 (2.52:1) and 2009 (2.56:1).

Read More
77 Words | 1 Pages

Feb. 1945, Roosevelt met with Stalin and Churchill to discuss Germany and Poland. They all agreed on the division of Germany into American, British, French and Soviet occupation zones. Stalin demanded that Germany pays the Soviet Union $20 Billion in war damages but Roosevelt and Churchill declined it.

Read More
1177 Words | 5 Pages

As is typically the case with ICT start-ups (the likes of Facebook and Apple) the company started operating from a garage. The idea was essentially to replace the brick and mortar book store with an electronic one. The value proposition of this model has the capabilities and advantages of the internet embedded in it. To note but a few advantages of this business model, cost to the customer is low, distance and shopping hours are no longer a restriction to customers.

Read More
1781 Words | 8 Pages

The core value propositions for Amazon’s internet book buyers were price, customer service, selection and convenience. Bezos (2000) claimed. Amazon to be “Earth’s most customer centric”, which meant they needed to listen, be innovative and personalise. Amazon’s personalization efforts were summarised by the CEO of Amazon, Jeff Bezos, by stating “If we have seventeen million customers, we should have seventeen million stores.” (Bezos, 2000).

Read More

More about What Is Indigo's Financial Statement

Related Topics

Open Document