USA has set this standard and the companies submit their annual and quarterly reports under the US accounting standard namely US GAAP. US GAAP is considered important because its sets the basic principal and standards under which the accounting department of the company can operate. It also set the standards and a regulation which helps the company keep its reporting standards simple.
At NEXT, cash is at high sustainable levels, but it will have tendency to erode in years after the product is launched. The main reason for this is the idle cash which is not generating returns and excess capital investments in 2013-2014. This is based on the assumption that company will be in expansion mode in those years. Cash flow levels are at healthy and sustainable positions and the wealth will be created if company can launch further products in the next two years. The numbers are based on some critical assumptions and are subject to change, given the way market conceive the product made by NEXT.
The company hopes to drive comparable-store sales by focusing on local market share positions as it continues the expansion of its supercenter format. Operating about 985 million square feet globally, the company historically grew square footage at least 8% annually. In the third quarter of FY 07, the company outlined a plan to refocus new store expansion on maximizing returns on invested capital rather than trying to maintain an 8% square footage growth target. As a result, the company expected U.K square footage growth to moderate. In FY 12, the company plans to slow square footage growth in the domestic market while accelerating growth internationally. We believe this new focus will result in improved performance at existing locations as the company maximizes existing store volumes before adding a new nearby warehouse. Due to the resulting decrease in capital expenditures, we believe the company will use excess cash to accelerate share repurchases, increase dividends and pursue international acquisitions.
美国设置标准和公司提交的年度和季度报告在美国会计标准即美国公认会计准则。美国会计准则被认为是重要的因为它集的基本原则和标准下，公司的会计部门工作。它还设置的标准和规定，帮助公司保持其报告准则简单。
在下，现金在可持续的水平，但它会在产品推出后有侵蚀的年趋势。造成这种情况的主要原因是闲置现金，不产生收益，在2013-2014过剩资本投资。这是假设的基础上，公司将在那些年的扩张模式。现金流量水平在健康和可持续发展的地位和财富是如果公司能够在未来两年推出进一步的产品创造了。这些数字是基于一些假设，如有变更，市场的设想由下产品的方法。
该公司希望通过专注于当地市场份额的位置，它继续其购物中心格式的扩展驱动的同店销售。约985000000平方英尺的全球经营，公司历史上增长至少每年8%平方英尺。在07财年第三季度，该公司提出了一个计划，新的商店扩展聚焦于最大化的投资而不是试图维持一个8%平方英尺的增长目标回报率。作为一个结果，该公司预计英国面积增长适度。在12财政年度，该公司计划在国内市场的缓慢增长而加速增长国际平方英尺。我们相信，这种新的焦点将在现有的位置为公司最大限度地提高现有商店数量前加附近一个新仓库性能的改善。由于产生的资本支出减少，我们相信该公司将利用多余现金加速股票回购，增加股息和进行国际收购。
