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Write 8 pages with APA style on Golden Agri-Resources Ltd. GAR has its operations in China, with refinery facilities located in the provinces of Zhuhai and Ningbo (Golden Agri-Resources Ltd-a, n.d.).P
Write 8 pages with APA style on Golden Agri-Resources Ltd. GAR has its operations in China, with refinery facilities located in the provinces of Zhuhai and Ningbo (Golden Agri-Resources Ltd-a, n.d.).
Palm oil production facilities of GAR produces a bulk of products like palm kernel, crude palm oil, palm kernel oil, olein, palm kernel meal, stearin, soybean oil, cocoa butter substitute and soybean meal. Besides this the company also produces refined products like margarine, shortening, cooking oil, butter oil substitute, fats for restaurants, cafes, hotels and industrial markets (Golden Agri-Resources Ltd-b, n.d.).
The company has the reputation of being the ‘one-stop-shop’ supplier. As a result of economies of scale, the operations of the company are highly efficient. It has a strong brand presence in Indonesia with the two leading cooking oil brands Kunci Mas and Filma under its name. In its aim of emerging as the most profitable and largest integrated oil-palm-based company, it has outlined a set of missions which include-
GAR practices ‘corporate social responsibility’ in all its operations. In today’s competitive business environment a business cannot overlook its responsibility towards society. Business is no more limited to being a profit-making machine rather it has to concentrate on other activities other than reaping profits. As a part of CSR, the practices of GAR include environmental management, zero burnings. zero waste. adherence to the environmental rules. providing educational facilities. extending healthcare facilities. development of infrastructure, etc.
Financial statements are summarized, written records that help in analyzing the financial health of the company. Such statements are prepared mostly on an annual basis except for the income statement that is prepared either on a monthly or on a quarterly basis (Illinois Department of Commerce and Economic Opportunity, n.d.). .
