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Key Items to Look at in Financial Statements February 7 th, 2013 Niall H. O’Malley Portfolio Manager (443) 600-8050

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Presentation on theme: "Key Items to Look at in Financial Statements February 7 th, 2013 Niall H. O’Malley Portfolio Manager (443) 600-8050"— Presentation transcript:

1 Key Items to Look at in Financial Statements February 7 th, 2013 Niall H. O’Malley Portfolio Manager (443)

2 Before Reviewing Statements Consider the Source History - Merchant’s need for additional share capital Balance of Estate becomes Balance Sheet and the continuous corporation is born. East India Company in 1600 Societal considerations Open versus Close China versus the U.S. Look at stock ownership in the society? Population investment levels differ widely across countries. 6.3% in Germany, 23% in UK and 56% in U.S. as of 6/30/11 according to the Deutsches Aktien-Institute 2 Blue Point Investment Management

3 Before Reviewing the Statement Consider the Source Value of Auditor Opinions Is it qualified? Above all do not forget your claims position. IFRS versus U.S. GAAP The importance of IFRS will grow as the role of global markets grow. In % of S&P 500 company revenue came from outside the U.S. 3 Blue Point Investment Management

4 Before Reviewing the Statement Consider the Source Some important differences between IFRS & GAAP R&D is capitalized versus expensed. Asset impairments are more likely under IFRS with single step impairment. Extraordinary items are not recognized on the income statement. Control versus financial stake is the basis of consolidation. 4 Blue Point Investment Management

5 Biography Niall H. O’Malley founded Blue Point Investment Management, LLC, in Mr. O’Malley has an MBA from George Washington University in Finance and Investments with minors in Business Law and Taxation. All of these activities build on strong professional experience working for buy-side firms, consulting, and working for commercial banks. Working for Crestar Bank and SunTrust Bank as a Credit & Risk Management Officer he underwrote over a $1 billion dollars of equipment financing transactions. As Blue Point’s Portfolio Manager, Mr. O’Malley leverages a keen understanding of the creative destructive cycle that governs innovation, 12-years of international experience and his understanding of the capital markets to add value for clients. 5 Blue Point Investment Management


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