In all politeness and curiousity... why wouldn't they? Do you have information verifying that they are no longer intending to publish an Annual Report, whether "required" or not?
Why would they still (agan?) release financial reports to public?
Last such report that they were required to publish was on fiscal year ending March 2023.
whether "required" or not?
Do you have information verifying that they are no longer intending to publish an Annual Report, whether "required" or not?
Why would a business publish financial details if they're not required to? Doing so involves a lot of effort, it costs money, it provides information to competitors you'd prefer them not to have, etc. It's ultimately the same set of reasons why you don't annually report how much you've earned in the past year, how much you spent on gas, how your overall relationship with your spouse has been, etc. It's just none of anyone's beeswax, so you don't spill the beans.
I believe they still are a Private Limited Company in England and are required to submit an annual accounting (to the government, not necessarily the public).Other than the fact that they’ve decided NOT to publish them for the past two years? No.
I imagine they produce annual financial reports (certified) for banks if they're borrowing money for example. But those reports are kept confidential. No need for Annual Reports. Is there a requirement in England for public exposure?
Why would a business publish financial details if they're not required to? Doing so involves a lot of effort, it costs money, it provides information to competitors you'd prefer them not to have, etc.
Who exactly are the competitors of Kodak Alaris?
Plenty. Film is only a small part of what they do. I'd have to look it up, but I think photographic film was something like <20% of Alaris' revenue. For EK, stills photographic film is <10%.Who exactly are the competitors of Kodak Alaris?
Just to clarify, US corporations that are publicly traded have public stock are therefore required to provide financial information regularly. However, private US corporations don;t have to provide public information. For example, I owned 100% of the stock in my corporation. I never created an annual report. I only created a financial statment when required by my bank to support my company's line of credit. But that was confidential and between me and my bank unless subpoenaed in a lawsuit during discovery. I also had my accountant provide profit and loss statements annually so I could see how the corporation was doing, but that too was private and confidential.In the UK and in much of the rest of the common law world, the privilege of being able to set up a corporate entity, usually with limited liability, is accompanied by a corresponding legal obligation.
Corporate entities created under statutory provisions are required to keep financial records and publish publicly those records in a form required under those statutory provisions.
The major exceptions to that otherwise general rule are, AFAIK, the USA and Canada.
In the UK and other similar parts of the world, if you want to keep things private, you use a private business structure such as a sole proprietorship or a partnership between individuals.
In the UK and other similar parts of the world, if you want the benefits of the artificial construct that is an incorporated entity, you need to be willing to share more with the world.
Who exactly are the competitors of Kodak Alaris?
Other film manufacturers are also competitors. Aftyer all, if you're Ilford, you;d like to know the markups, costs and proftis Alaris is making on each roll of film. That would help you set your prices for Ilford film to be more competitive and get more of the film market.Probably many… in the non-film parts of their business.
I told you so - a whole lot of hand-wringing for nothing.
That said, shame on CNN for that piece of misleading, sensationalist garbage.
Forgive me for linking to the Clown News Network to start the thread. I should have known better.
This is how I understand the topic:I imagine they produce annual financial reports (certified) for banks if they're borrowing money for example. But those reports are kept confidential. No need for Annual Reports. Is there a requirement in England for public exposure?
Discussions about the quality of journalism in general are off topic and trending toward the political, so have been deleted.
The posts about how poor the journalism is behind the specific link plus those who seem to have parroted it have been left in place, but can we leave that subject here please.
And just a note of some comfort (I hope): sometimes it is the responses a slightly off topic post engenders that result in that slightly off topic post being deleted.
But it was poor journalism that created 11 pages of wasted posts. You're cutting the lines too close and we the posters never know if we;re going over them or not. That wastes our time and yours. A little flexibility would be helpful. Please consider.
But it was poor journalism that created 11 pages of wasted posts. You're cutting the lines too close and we the posters never know if we;re going over them or not. That wastes our time and yours. A little flexibility would be helpful. Please consider.
Well, the tariffs seem to be giving U.S. manufacturers a shot in the arm.
Without commenting on your larger point, I'd suggest that it was not "11 pages of wasted posts". There were some pearls in there about the relationship between Kodak and Alaris, film sales, and the financial health of the company.
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