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To view this page ensure that Adobe Flash Player version 9.0.124 or greater is installed. FURTHER INFORMATION Copyright . 2009 NEXA Advisors, LLC. All rights reserved. The information in this white paper is correct to the best of our knowledge and belief at the time of publication. We recommend that professional advice be sought before any action is taken. For more information about business aviation in today’s economy, or the enterprise value tools at our disposal, please contact: Michael J. Dyment, CEO NEXA Advisors, LLC, 1250 24th Street NW, Suite 3020, Washington, DC, 20037 +1 (202) 321-0389 Michael.J.Dyment@nexacapital.com TERMS USED THROUGHOUT Unweighted data compares raw data without taking into account company size. Weighted data is adjusted to recognize company size. Our specific approach utilized 2003 market capitalization as a weighting factor. Shareholder value (SV) is the part of a company’s capitalization that is equity as opposed to long-term debt. In the case of only one type of stock, this would roughly be the number of outstanding shares times current share price. Enterprise value (EV) is an economic measure reflecting the market value of the whole business. It is a sum of claims of all the security holders: debt holders, preferred shareholders, minority shareholders, common equity holders, and others. Enterprise value is one of the fundamental metrics used in business valuation, financial mod-eling, accounting, and portfolio analysis. BUSINESS AVIATION – AN ENTERPRISE VALUE PERSPECTIVE In 2001, the National Business Aviation Association (NBAA) and the General Avia-tion Manufacturers Association (GAMA) sought to investigate whether business aircraft contribute to better operating or financial performance and, therefore, to higher shareholder value. To respond to this need, the accounting firm Arthur An-dersen produced a landmark study providing evidence that business aviation con-tributes to corporate America’s drive for greater shareholder and enterprise value. 中国公务机网 www.gongwuji.com 公务机翻译 www.aviation.cn 本文链接地址：BUSINESS AVIATION – AN ENTERPRISE VALUE PERSPECTIVE 2003 – 2009(2) |
