3 Year Financial Analysis of a Company

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Acknowledgement This work is dedicated to my family, for their continued support, guidance and unending concern. I acknowledge and thank my project mentor for taking time off his busy schedule to mentor this project. I am most grateful to GOD, through whom I am able to do all things Contents: Part 1 Project objectives and overall research approach 1.1 Topic chosen and reasons for choosing topic 4 1.2 Reasons for choosing organization 4 1.2.1 Historical background of KQ 5 1.2.2 Awards and achievements: 5 1.2.3 Vision and Mission 6 1.2.4 Authorized Capital 6 1.2.5 Group structure 7 1.3 Project objectives 7 1.4 Overall research approach 8 Part 2 Information gathering and Accounting/Business techniques 2.1…show more content…
1.2.1 Historical background of KQ • February 1977: The airline was established following the break up of the East Africa Community (E.A.C) and subsequent disbanding of the jointly owned East African Airways. • April 1991: A new board appointed with the mandate to commercialize and prepare the airline for privatization, and a policy paper issued later (in July 1992) gave a high priority to the privatization of KQ. • Following its outstanding performance and state of the art services, its first initial public offer (IPO) was issued in March 1996. • Year 2004: Scooped award for the Best Domestic Airline • October 2005: A major milestone in its history when it achieved IOSA (IATA Operational Safety Audit) becoming the 1st carrier in the sub-Saharan to get this rigorous safety certification. It was also voted as the East Africa’s most respected company in the same year. The above was paraphrased from the company’s website: www.kenya-airways.com 1.2.2 Awards and achievements: 2001: o Voted best user of IT in Kenya by the computer society of Kenya. 2002: o Voted the best regional airline. 2006: o Voted as East Africa’s most respected company for the second year running. o KQ won the prestigious Africa Aviation Award awarded by the African Aviation Magazine in March. [pic] 2008: o Awarded the COYA (Company of the Year Award) for
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