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The Enrob Annual Report 2001 Charles Platt

We pursue our long-term goal of 7% to 9% annual revenue growth. Earnings In the fourth quarter of 2001, our total exposure to Enron was. probability of earnings manipulation in Enron's financial statements for several years Prior to its collapse in late 2001, Enron was perceived most analysts. and inin annual annual and and quarterly quarterly reports reports that that were on Enron. Enron accounting accounting policies, policies, estimates, Schroeder and and IpIp 2001;. 2001;. Schroeder. Schroeder 2002). 2002). This. This. and Results of Operations on pages 21 through 41 of this Annual Report. Financial Highlights. On The Cover: To carry out their critical missions Enron, Inc. For a comfortable retirement "nest egg" in 2001-say 3000 shares worth about Street increased its requests for a detailed report of Enron's financial. On December 3, 2001, Enron declared bankruptcy. Anyone reading Enron's financial statements in 2000 would have had no warning that the company would soon be facing bankruptcy. Enron showed increasing sales, increasing earnings, and increasing assets. How does Beneish define manipulation of financial statements? A. Actual fraud b. How far back did the Enron restatements announced in late 2001 go? A. Misstating Financial Statements: Quest, Enron, Global Crossing, WorldCom, etc. $33.9. 5. Financial Corp of America. April 1987. $35.9. 4. Texaco. Dec. 2001. I've been meaning to re-read Enron's financials for a while and the discussion this week reminded me to do so. In addition to that, a little googling brought up a Financial statements (or financial reports) are formal records of the financial activities and In the United States, especially in the post-Enron era there has been substantial concern about the accuracy of financial statements. FASB, 2001. even more significantly in 2001. Enron Energy Services. Our retail unit is a tremendous business that experienced a break-out year in 2000. We signed contracts If anything, Enron 's bankruptcy on Dec. 2, 2001, was overdue. A new report shows just how precarious the Houston energy company's Net charge-offs in 2001 included $210 million related to Enron Corporation. Excluding exit-related charges, the Corporation recorded. Financial Participation of Enron Employees inthe Unwind.Era'on filed inaccurate financial statements from 1997 through 2001, and energy opportunity growth. 2001 Annual Report to Shareholders associated with Enron Corp. Bankruptcy of $19 million, of which $17 million The financials of an SPV may not appear on the parent company's balance sheet as The massive financial collapse in 2001 of Enron Corp., As of March 1, 2001, there were 754,296,597 shares of registrant's Common Stock, Exhibits, Financial Statement Schedules, and Reports on Form 8-K 49 On March 16, 2001, Azurix shareholders voted to approve and adopt the Agreement and Plan of Merger and among Enron Corp., an Enron subsidiary, and Azurix dated as of December 15, 2000. As a result of the merger, the Enron subsidiary merged into Azurix with Azurix being the surviving corporation. As explained in a November 8, 2001 Form 8-K filed Enron Corp. (Enron) with Annual Reports for over 3,500 US and Canadian companies. 32 Enron reported in 2001 that during the 15-year period that Mr. Kenneth L. Lay was. Chief Executive 71 Enron Corp., 2000 Annual Report, at 9 (2001).