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Mastering finance in government

Government finance is moving out from the back-office to become more strategic as government services transform to meet 21st century demands. Read more.

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11th Consecutive Year of Revenue Growth for Deloitte November 30, 2004 New York, November 30, 2004 — Deloitte Touche Tohmatsu today released its 2004 annual composite revenue results of its member firms, which show an 8.6 Revenue by Functional Area percent increase. After excluding divested practices, revenue growth for the continuing businesses was 11.1 percent.

Composite revenue reported was US$16.4 billion compared with US$15.1 billion in FY03. For the first time ever, member firms from Europe/Middle East/Africa and Asia-Pacific/Japan contributed half of this, and member firm tax...

Smart shopping for Christmas to beat the economic blues November 25, 2004 London, November 25, 2004 — With a negative economic outlook prevailing across Europe, consumers in key European markets will employ smart tactics to ensure that they get the best deals for their Christmas gift shopping, according to Deloitte's sixth annual consumer survey of Christmas spending.

Based on responses from almost 4,000 consumers across seven EU markets, anticipated European average Christmas spending is down slightly for 2004 to €725 from €752 in 2003. Average gift spending will be around €320, compared with €346 last year. Significant differences are, however, evident...

Deloitte Names Dreher Breweries Winner of the 2004 "Green Frog" Award November 16, 2004 Budapest, November 16, 2004 — The winner of Deloitte's 2004 environmental reporting award is Dreher Breweries Ltd. Deloitte founded the so-called "Green Frog Award" in 2001 for Central and Eastern European companies that prepare the best annual environmental or sustainability reports. The event was also attended by Dr. Miklós Persányi, Minister for the Environment and Water Management.

By founding this award Deloitte on the one hand aimed to prepare the companies of the region for participating in similar competitions in the EU and on the other hand tried to encourage Central and Eastern European companies to...

eCitizenship for All Awards: 2004 winners November 10, 2004 Vienna, November 10, 2004 — At the European conference "Gaining from Visions" from 10-13 November 10-13 in Vienna, hosted by EUROCITIES and its sister networks TeleCities and ACCESS, and supported by the City of Vienna, TeleCities and Deloitte presented the annual eCitizenship for All Awards for eGovernment. An independent panel of experts from the academic world nominated the...
"How Far, How Fast" Survey on RFID Innovation and Adaption November 8, 2004

Chicago, November 8, 2004 — According to a new international survey entitled "RFID: How Far, How Fast?" manufacturers and retailers are currently facing a variety of business and technological challenges around RFID innovation, adoption and deployment. With many of the survey respondents in the early stages of RFID investment, the study revealed 25 percent of companies with US$5 billion in revenue will spend between $500,000 and $10 million on RFID adoption in 2004. The study also showed...
Deloitte Technology Fast 500 Names Google Fastest Growing Tech Company in North America October 20, 2004 San Jose, California, October 20, 2004 — Google (NASDAQ: GOOG) is the fastest growing technology company in North America and tops among the 2004 Deloitte Technology Fast 500 North America, a regional ranking of the fastest growing technology companies based on percentage revenue growth for the past five fiscal year period (1999 to 2003). The research is conducted by Deloitte & Touche USA LLP.

Google, an Internet search engine firm, recorded a revenue growth rate over five years of 437,115 percent, moving from US$220,000 in...

Deloitte HotelBenchmark Launches First Monthly Performance Survey for China October 14, 2004 Hong Kong, October 14, 2004 — Deloitte has announced the launch of the China edition of the HotelBenchmark Survey, in response to the country’s rapidly growing hotel industry. Leading the field in monitoring hotel performance in Asia Pacific, the China Survey is another first for Deloitte's HotelBenchmark team and is being showcased this week at the Hotel Investment Conference Asia Pacific (HICAP) in Hong Kong.

This is the first time that such comprehensive monthly rate and occupancy performance data on the Chinese hotel market has ever been available. The new survey tracks 29 markets across the...

Corporate Boards and Senior Executives See Shortcomings in Monitoring and Reporting October 12, 2004 New York, October 12, 2004 — According to a new survey conducted on behalf of Deloitte Touche Tohmatsu by the Economist Intelligence Unit (EIU), only about one third (34 percent) of board members and top executives polled say their companies are proficient at monitoring critical non-financial indicators of corporate performance.

The majority of board directors and senior executives surveyed for the study — called "In the Dark: What Boards and Executives Don’t Know about the Health of...

Economic Security Moves from War Room to Boardroom As Business Vulnerability Grows, Deloitte Study Shows September 27, 2004 New York, September 27, 2004 —  A single breach of security anywhere in a company’s supply chain can result in staggering losses around the world, one of the key findings in a new study by Deloitte Touche Tohmatsu.  The study also shows that security is increasingly becoming a focus for directors of corporate boards who view it as a strategic investment that can reap measurable benefits.

Estimates for the loss from a security breach of one shipping container alone can amount to US$1 trillion, the study points out.  The cost of cyber attacks against companies worldwide reached US$12.5 billion in 2003, and a case of mad cow disease...

Emerging Markets Group Ltd. is Now an Independent Firm Associated with Deloitte Touche Tohmatsu September 9, 2004 New York, September 9, 2004 — Deloitte Touche Tohmatsu, the global professional services organization, announced today that Emerging Markets Group Ltd. ("EMG"), previously called Deloitte Touche Tohmatsu Emerging Markets Ltd., is now an independent firm associated with Deloitte Touche Tohmatsu. EMG, an international development consulting firm, is owned and operated by its former management. EMG provides international development consulting services in the areas of health, utilities, agribusiness, finance, private sector development and public...
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