Living by Numbers - Value Creation or Profit

1. Problem

1.1. Value Creation

1.1.1. VBM

1.1.1.1. SOLUTION-VBM

1.1.1.1.1. Portrays an accurate value of performance

1.1.1.1.2. Identifies value creation of MarineCorp & Sg Emas

1.1.1.1.3. Include explicit costs & opportunity cost

1.1.2. Accounting Profit Based

1.2. Pressure from GM

1.2.1. Dredging Cost

1.2.1.1. Amortise

1.2.1.2. Not amortise

1.2.1.2.1. Compliance with the accounting standard FRS116 & 138

1.2.2. Dividend

1.2.2.1. Pay Dividend

1.2.2.1.1. Non cash term

1.2.2.1.2. Cash term

1.2.2.2. Fund Investment

1.2.2.2.1. Improve company performance