LinkedIn offers services that can be used by customers to transform the way they hire, market, sell, and learn. Management is responsible for the preparation of the consolidated financial statements and related information that are presented in this report. The staff in the centres also regularly carry out home visits to members to monitor their well-being so as identify problems such as high-blood pressure and dementia among the seniors and refer them for treatment in a timely manner. We continue to invest in raising quality, and innovating in design and teaching. Conceptual Review of Online Shopping Attributes Investigated in Previous Studies, Interdisciplinary Journal of Contemporary Research in Business, Vol.
It is possible that the information we post on social media could be deemed to be material to investors. These estimated fair values are based on Level 2 inputs. Less than 12 Months 12 Months or Greater In millions Fire Value Unrealized Losses Fire Value Unrealized Losses Total Fair Value Total Unrealized Losses June 30, 2018 U. The supermarkets are great businesses, as suggested by their high Gross Profitability. The percentage of older workers in its workforce is significantly higher than the national average. The standard had a material impact in our consolidated balance sheets, but did not have an impact in our consolidated income statements. We also built an organic e-learning team to offer education technology solutions to our corporate clients.
The Workforce Assignment and Mobility tool is recognised as one of the best technology innovations that improve productivity, efficiency and quality of service offering for operators at the. Cisco Systems is using its position in enterprise communications equipment to grow its unified communications business. Singapore experienced its share of flux, being an open economy interconnected with the rest of the world. Programme has always been about delivering savings to our members on their everyday spending. In fiscal year 2018, our Board of Directors approved the 2017 Stock Plan, which authorized an additional 308 million shares for future grant under our stock plans. We compete to provide enterprise-wide computing solutions and point solutions with numerous commercial software vendors that offer solutions and middleware technology platforms, software applications for connectivity both Internet and intranet , security, hosting, database, and e-business servers. Meeting social and financial needs The Child Support Model also ensures that children from low-income families have priority placement at its centres.
Using the measurement alternative, investments without readily determinable fair values will be valued at cost, with adjustments for changes in price or impairments reflected through net income. These investments are carried at cost and are reviewed quarterly for indicators of other-than-temporary impairment. We record a receivable related to revenue recognized for multi-year on-premises licenses as we have an unconditional right to invoice and receive payment in the future related to those licenses. There were no changes in our internal control over financial reporting during the quarter ended June 30, 2018 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting. At times, we make select intellectual property broadly available at no or low cost to achieve a strategic objective, such as promoting industry standards, advancing interoperability, or attracting and enabling our external development community.
Dairy Farm's diluted earnings per share was 34. On the economic front, some sectors, such as the Offshore and Marine, declined -resulting in staggering losses of revenue and significant layoffs. Additions to property and equipment will continue, including new facilities, datacenters, and computer systems for research and development, sales and marketing, support, and administrative staff. Gross margin percentage decreased, due to an increased mix of cloud offerings, offset in part by gross margin percentage improvement in Azure. The decrease in our effective tax rate for fiscal year 2017 compared to fiscal year 2016 was primarily due to the realization of tax benefits attributable to previous Phone business losses, offset in part by changes in the mix of our income before income taxes between the U. On top of supermarket, Dairy Farm has various businesses, in various countries under their umbrella. The consolidated financial statements include the accounts of Microsoft Corporation and its subsidiaries.
In instances where the timing of revenue recognition differs from the timing of invoicing, we have determined our contracts generally do not include a significant financing component. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Because of its inherent limitations, internal control over financial reporting is not intended to provide absolute assurance that a misstatement of our financial statements would be prevented or detected. To empower customers to stretch their hard-earned dollar, signs are also placed in the FairPrice Shop to recommend the shoppers the ways to save money from their purchases. Securities held in our equity and other investments portfolio are subject to market price risk. Assets and liabilities measured at fair value on a recurring basis using unobservable inputs are an immaterial portion of our portfolio.
Enterprise Agreements are designed for medium or large organizations that want to license cloud services and on-premises software organization-wide over a three-year period. As of June 30, 2018, we had no commercial paper issued and outstanding. Adoption of the standard had no impact to our consolidated income statements or cash flows statements. Internal development allows us to maintain competitive advantages that come from product differentiation and closer technical control over our products and services. It also continued its practice of selling beverages with no sugar at a cheaper price than other ordinary beverages to further incentivize its customers to opt for the healthier choice.
As most of our leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. We enter into contracts that can include various combinations of products and services, which are generally capable of being distinct and accounted for as separate performance obligations. We provide indemnifications of varying scope and size to certain customers against claims of intellectual property infringement made by third parties arising from the use of our products and certain other matters. Unearned revenue is generally invoiced annually at the beginning of each contract period for multi-year agreements and recognized ratably over the coverage period. Gains losses from changes in fair values of derivatives that are not designated as hedges are primarily recognized in other income expense , net. Refer to Note 9 — Business Combinations of the Notes to Financial Statements for further discussion. Our short-term investments are primarily intended to facilitate liquidity and capital preservation.
This suggests they are not cheap enough based on the dividends they give out. It is too convenient to drop by the supermarket during your daily commute to buy something. The frontline staff at these stores have also received training to serve elderly customers better. Instead, experiences are expanding to many devices as people move from home to work to on the go. In June 2017, management approved a sales and marketing restructuring plan.
To sign up for this free service, visit the Annual Report site on the Investor Relations website at: We appreciate the inquiries we receive from many investors about our commitment to corporate social responsibility. Child Enabling Executives are also employed in My First Skool centres with a higher number of children from low-income families to provide social support to vulnerable families and encourage these parents to allow their children to attend pre-school. I am heartened to note that they are moving in the right direction. Sheng Siong's average Free Cash Flow per share for the past five years was about 1. Revenue is recognized net of allowances for returns and any taxes collected from customers, which are subsequently remitted to governmental authorities.