LinkedIn has over 850 million members and has offices around the globe. 2021-22 Annual report. The objectives of this study are to analyze the impact of purchasing and supply chain management strategies in retail industry and identify the way of success of AZEL FRANCE Retailer Company of ZARA clothing in Bosnia and Herzegovina from supply chain perspective management by conducting a survey study. You can download the paper by clicking the button above. June 30, 2022 at 10:30 am PT RH Headquarters, 15 Koch Road, Corte Madera, CA If we determine it is not possible or advisable to hold the 2022 Annual Meeting in person due to health or other considerations related to COVID-19 or other reasons, the 2022 Annual Meeting may be held by means of remote . Zara has a world network of 2270 retail stores and the brand uses the same model for designing, production, distribution, and sale of its products. Our consolidated financial statements and accompanying notes are prepared in accordance with GAAP. We review debt investments quarterly for credit losses and impairment. Accumulated Other Comprehensive Income (Loss), to create an industrial metaverse solution, is using the Microsoft Intelligent Data Platform, our new Microsoft Intelligent Data Platform, new market category with Microsoft Purview, new integrations between Dynamics 365 and Teams, our planned acquisition of Activision Blizzard, http://www.microsoft.com/investor/AnnualReports/default.aspx, Adjusted diluted earnings per share (non-GAAP), Net gains (losses) on foreign currency remeasurements, Net income tax benefit related to transfer of intangible properties, Net income tax benefit related to India Supreme Court decision on withholding taxes, Operating and finance leases, including imputed interest, 100 basis point increase in U.S. treasury interest rates, 100 basis point increase in credit spreads. This included a commitment to invest $1 billion over four years in new technologies and innovative climate solutions. As a result, changes in foreign exchange rates may significantly affect revenue and expenses. Upload your study docs or become a We also invested in base salary adjustments for our datacenter and retail hourly employees and hourly equivalents outside the U.S. Advertising expense was $1.5 billion, $1.5 billion, and $1.6 billion in fiscal years 2022, 2021, and 2020, respectively. View We consider all highly liquid interest-earning investments with a maturity of three months or less at the date of purchase to be cash equivalents. These contracts are not designated as hedging instruments and are included in Other contracts in the tables below. These manufacturers, many of which are also current or potential partners and customers, include Apple and our Windows OEMs. Devices face competition from various computer, tablet, and hardware manufacturers who offer a unique combination of high-quality industrial design and innovative technologies across various price points. This means everyone is on a continuous journey to learn and grow. We tested the mathematical accuracy of management's calculations of revenue and the associated timing of revenue recognized in the financial statements. Microsoft Corporation. Reinvent productivity and business processes. We strive to create local opportunity, growth, and impact in every country around the world. Search and news advertising revenue increased $2.3 billion or 25%. Our principal audit procedures to evaluate management's estimates of uncertain tax positions related to unresolved transfer pricing issues included the following: Seattle, Washington The transfer of intangible properties resulted in a $3.3 billion net income tax benefit in the first quarter of fiscal year 2022, as the value of future U.S. tax deductions exceeds the current tax liability from the U.S. global intangible low-taxed income (GILTI) tax. We expect to recognize approximately 45% of this revenue over the next 12 months and the remainder thereafter. Contents. The Company designs and maintains accounting and internal control systems to provide reasonable assurance at reasonable cost that assets are safeguarded against loss from unauthorized use or disposition, and that the financial records are reliable for preparing consolidated financial statements and maintaining accountability for assets. With Azure Stack, organizations can extend Azure into their own datacenters to create a consistent stack across the public cloud and the intelligent edge. Our lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. IKEA UK Annual Report, Financial Year 2022. Together with the Microsoft Cloud, Dynamics 365, Microsoft Teams, and Azure Synapse bring a new era of collaborative applications that transform every business function and process. We determine if an arrangement is a lease at inception. Gross margin increased $9.4 billion or 22% driven by growth in Azure and other cloud services. Investments with maturities beyond one year may be classified as short-term based on their highly liquid nature and because such marketable securities represent the investment of cash that is available for current operations. Inditex (ZARA) -- annual_report_2021.pdf - Inditex Annual. Excluding the impact of the fiscal year 2021 change in accounting estimate for the useful lives of our server and network equipment, gross margin percentage increased 1 point driven by improvement in Productivity and Business Processes. The fair values of these investments approximate their carrying values. Zara's macro-environment can be analysed by looking at 3 factors that provide the opportunities and threats to the company. View the 2022 Annual Report Highlights from USCIRF's 2022 Annual Report Numbers-at-a-Glance 15 countries recommended for "country of particular concern" (CPC) designation 1 new country recommended for CPC designation 12 countries recommended for the State Department's "Special Watch List" (SWL) 1 country added to USCIRF's SWL recommendations We record an allowance to cover expected losses based on troubled accounts, historical experience, and other currently available evidence. In addition, certain costs incurred at a corporate level that are identifiable and that benefit our segments are allocated to them. We have historically paid India withholding taxes on software sales through distributor withholding and tax audit assessments in India. (1,090) 3,243 7 3,250 4 Advertising costs are expensed as incurred. To drive positive impact and growth with technology, people need to be able to trust the technologies they use and the companies behind them. Our system management solutions compete with server management and server virtualization platform providers, such as BMC, CA Technologies, Hewlett-Packard, IBM, and VMware. The information found on these websites is not part of, or incorporated by reference into, this or any other report we file with, or furnish to, the SEC. We joined the First Movers Coalition as an early leader and expert partner in the carbon dioxide removal sector, with a commitment of $200 million toward carbon removal by 2030. Dynamics provides cloud-based and on-premises business solutions for financial management, enterprise resource planning (ERP), customer relationship management (CRM), supply chain management, and other application development platforms for small and medium businesses, large organizations, and divisions of global enterprises. From smart factories, to smart buildings, to smart cities, were helping organizations use Azure IoT, Azure Digital Twins, and Microsoft Mesh to digitize people, places, and things, in order to visualize, simulate, and analyze any business process. Lead Independent Director, We continue to invest in high performance and sustainable computing to meet the growing demand for fast access to Microsoft services provided by our network of cloud computing infrastructure and datacenters. Chief Executive Officer, Amy E. Hood 1 Building and running cloud-based services in ways that unleash new experiences and opportunities for businesses and individuals. Technology is a deflationary force in an inflationary economy. School Edhec Business School, Paris Course Title FIANANCE M1 Uploaded By BrigadierLightningDragonfly25 Pages 844 This preview shows page 1 out of 844 pages. The better we represent that diversity inside Microsoft, the more effectively we can innovate for those we seek to empower. And we share our open-source tools, including the new Responsible AI Dashboard, to help developers building AI technologies identify and mitigate issues before deployment. Application of the goodwill impairment test requires judgment, including the identification of reporting units, assignment of assets and liabilities to reporting units, assignment of goodwill to reporting units, and determination of the fair value of each reporting unit. Unearned revenue comprises mainly unearned revenue related to volume licensing programs, which may include Software Assurance (SA) and cloud services. As of June 30, 2022 and 2021, long-term accounts receivable, net of allowance for doubtful accounts, was $3.8 billion and $3.4 billion, respectively, and is included in other long-term assets in our consolidated balance sheets. We offer an array of services, including cloud-based solutions that provide customers with software, services, platforms, and content, and we provide solution support and consulting services. Hybrid work is now just work. Management does not believe any remaining unrealized losses represent impairments based on our evaluation of available evidence. Business, and Chief Marketing Officer, Christopher D. Young The following Managements Discussion and Analysis of Financial Condition and Results of Operations (MD&A) is intended to help the reader understand the results of operations and financial condition of Microsoft Corporation. At our Investor Relations website, www.microsoft.com/investor, we make available free of charge a variety of information for investors. 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