ajegroup memoria anual 2021

12 August 2021. Our Office of Responsible AI ensures that we put these principles into practice, and our Responsible AI Resources Center shares guidelines and tools to help our customers and the developer community do the same. Annual Report 2021 Minsur. The segments enable the alignment of strategies and objectives across the development, sales, marketing, and services organizations, and they provide a framework for timely and rational allocation of resources within businesses. Advertising expense was $1.5 billion, $1.6 billion, and $1.6 billion in fiscal years 2021, 2020, and 2019, respectively. Research and development expenses also include third-party development and programming costs, localization costs incurred to translate software for international markets, and the amortization of purchased software code and services content. GlaxoSmithKline, Hugh F. Johnston 1 The Surface family includes Surface Book 3, Surface Laptop Go, Surface Go 2, Surface Pro 7, Surface Laptop 4, Surface Pro X, Surface Studio 2, and Surface Duo. Certain corporate-level activity is not allocated to our segments. Revenue from certain contracts is allocated among the segments based on the relative value of the underlying products and services, which can include allocation based on actual prices charged, prices when sold separately, or estimated costs plus a profit margin. Significant judgment is exercised by the Company in determining revenue recognition for these customer agreements, and includes the following: Given these factors and due to the volume of transactions, the related audit effort in evaluating management’s judgments in determining revenue recognition for these customer agreements was extensive and required a high degree of auditor judgment. The remaining transition tax of $13.6 billion is payable over the next five years with a final payment in fiscal year 2026. 2021 in summary. We settled a portion of the Internal Revenue Service (“IRS”) audit for tax years 2004 to 2006 in fiscal year 2011. Microsoft Product and Services Agreements are designed for medium and large organizations that want to license cloud services and on-premises software as needed, with no organization-wide commitment, under a single, non-expiring agreement. During fiscal year 2020, we recorded an impairment charge of $186 million to Property and Equipment, primarily to leasehold improvements, due to the closing of our Microsoft Store physical locations. We’re helping companies make 250,000 skills-based hires this year—ensuring those who learn digital skills can convert them into jobs and opportunity. Activity in the allowance for doubtful accounts was as follows: Allowance for doubtful accounts included in our consolidated balance sheets: We record financing receivables when we offer certain of our customers the option to acquire our software products and services offerings through a financing program in a limited number of countries. Release Dates. Microsoft Research is one of the world’s largest corporate research organizations and works in close collaboration with top universities around the world to advance the state-of-the-art in computer science and a broad range of other disciplines, providing us a unique perspective on future trends and contributing to our innovation. The critical audit matters communicated below are matters arising from the current-period audit of the financial statements that were communicated or required to be communicated to the audit committee and that (1) relate to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgments. It is known for its flagship products Kola Real and Big Cola. Revenue is recognized upon transfer of control of promised products or services to customers in an amount that reflects the consideration we expect to receive in exchange for those products or services. Office Consumer Services revenue is mainly affected by the demand for communication and storage through Skype, Outlook.com, and OneDrive, which is largely driven by subscriptions, advertising, and the sale of minutes. We are continuing our efforts to extend broadband access to millions of people in rural and underserved communities in the United States and around the globe. AJEGROUP, la más grande multinacional de origen peruano, que tiene presencia en más de 20 países en cinco continentes, 22 plantas, 120 centros de distribución y más de 10 mil colaboradores a nivel mundial. Enterprise Services, including Premier Support Services and Microsoft Consulting Services. We encourage investors, the media, and others interested in Microsoft to review the information we post on the social media channels listed on our Investor Relations website. Goodwill is tested for impairment at the reporting unit level (operating segment or one level below an operating segment) on an annual basis (May 1 for us) and between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value. Our commercial and other business metrics are fundamentally connected based on how customers use our products and services. Inventories are stated at average cost, subject to the lower of cost or net realizable value. If you want to learn more . Long-lived assets, excluding financial instruments and tax assets, classified by the location of the controlling statutory company and with countries over 10% of the total shown separately, were as follows: REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM, To the Stockholders and the Board of Directors of Microsoft Corporation. Intercompany transactions and balances have been eliminated. SA is included. 41. This share repurchase program commenced in December 2016 and was completed in February 2020. [6] Comparación entre iguales: con base en estructuras comparables y tipos de cambio idénticos. Memòria anual 2021. Organizational tools such as Collections, Vertical Tabs, and Immersive Reader help you make the most of your time while browsing, streaming, searching, sharing, and more. Windows, including Windows OEM licensing and other non-volume licensing of the Windows operating system; Windows Commercial, comprising volume licensing of the Windows operating system, Windows cloud services, and other Windows commercial offerings; patent licensing; Windows Internet of Things; and MSN advertising. If the cost of an investment exceeds its fair value, we evaluate, among other factors, general market conditions, credit quality of debt instrument issuers, and the extent to which the fair value is less than cost. Opportunities to sign up for email alerts to have information pushed in real time. Refer to Note 13 – Unearned Revenue for further information, including unearned revenue by segment and changes in unearned revenue during the period. Property and equipment is stated at cost less accumulated depreciation, and depreciated using the straight-line method over the shorter of the estimated useful life of the asset or the lease term. We have the opportunity to redefine what customers and partners can expect and are working to deliver new solutions that reflect the best of Microsoft. Memòria Anual 2021 3 00 01 P. 5 P. 09 Principals dades del Grup Andbank Carta del President 02 03 P. 13 P. 21 Informe d'auditoria Estats financers Grup Andbank 04 05 P. 141 P. 149 Evolució econòmica global i de mercats financers. Windows Commercial products and cloud services revenue increased 14%. - S'aprova el calendari escolar per curs 2022-23. Azure Synapse brings together data integration, data warehousing, and big data analytics so organizations can query data on their own terms at any scale. Recent Accounting Guidance Not Yet Adopted. Xbox Game Pass is a community with access to a curated library of over 100 first- and third-party console and PC titles. MEMORIA ANUAL DE ACTIVIDADES 2021 6 MEMORIA ANUAL DE ACTIVIDADES 2021 Comisión de Legislación y Normativa Técnica 4 Comisión de Comunicación y Estadísticas Labores de la Secretaría del Comité Técnico de Normalización de UNE CTN 321"Ascenso-res, escaleras mecánicas y andenes móviles". All of our approximately 23,000 people managers must complete between 25-30 hours of required manager capability and excellence training and are assigned ongoing required training each year. Our web application platform software competes with open source software such as Apache, Linux, MySQL, and PHP. Lease expense for lease payments is recognized on a straight-line basis over the lease term. The purchase price included $768 million of cash and cash equivalents acquired. Memoria Anual 2005 PDF Version. Additions to property and equipment will continue, including new facilities, datacenters, and computer systems for research and development, sales and marketing, support, and administrative staff. Additional information on our reportable segments is contained in Note 19 – Segment Information and Geographic Data of the Notes to Financial Statements. Given our focus on understanding core company beliefs and compliance topics, all employees complete required learning programs like Standards of Business Conduct, Privacy, Unconscious Bias, and preventing harassment courses. Press releases on quarterly earnings, product and service announcements, legal developments, and international news. The fair values of these investments approximate their carrying values. All differences between our internal management reporting basis and accounting principles generally accepted in the United States of America (“GAAP”), along with certain corporate-level and other activity, are included in Corporate and Other. Protecta Security Published on May 12, 2022. LinkedIn and our security business both passed $10 billion in annual revenue for the first time. Executive Vice President and Chief Financial Officer, Alice L. Jolla As part of our effort to promote a One Microsoft and inclusive culture, we expanded stock eligibility to all Microsoft employees as part of our annual rewards process. These estimates and assumptions are affected by management’s application of accounting policies, as well as uncertainty in the current economic environment due to COVID-19. At Microsoft, we’re providing technology and resources to help our customers navigate a remote environment. The purchase price included $768 million of cash and cash equivalents acquired. Assessed the terms in the customer agreement and evaluated the appropriateness of management’s application of their accounting policies, along with their use of estimates, in the determination of revenue recognition conclusions. Organizations purchase perpetual licenses or subscribe to licenses. Dynamics 365 for Talent with LinkedIn Recruiter and Learning gives human resource professionals a complete solution to compete for talent. Stock-based compensation expense and related income tax benefits were as follows: Stock awards entitle the holder to receive shares of Microsoft common stock as the award vests. Windows revenue increased $933 million or 4% driven by growth in Windows Commercial. We are subject to income tax in many jurisdictions outside the U.S. Our operations in certain jurisdictions remain subject to examination for tax years 1996 to 2020, some of which are currently under audit by local tax authorities. Refer to Note 1 – Accounting Policies of the Notes to Financial Statements for further discussion. Office Consumer products and cloud services revenue increased 10% and Microsoft 365 Consumer subscribers increased to 51.9 million. We provide indemnifications of varying scope and size to certain customers against claims of intellectual property infringement made by third parties arising from the use of our products and certain other matters. The company was started by the Añaños Family in Ayacucho, Peru and now is headquartered in Mexico. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. Our most significant expenses are related to compensating employees; designing, manufacturing, marketing, and selling our products and services; datacenter costs in support of our cloud-based services; and income taxes. The strong success of LinkedIn is a clear indicator of how important this is. As a result, no collateral was required to be posted. A large network of partner advisors support many of these sales. We regularly review inventory quantities on hand, future purchase commitments with our suppliers, and the estimated utility of our inventory. Operating income grew 32 percent to $70 . We perform a qualitative assessment on a periodic basis and recognize an impairment if there are sufficient indicators that the fair value of the investment is less than carrying value. The competitive position of Linux has also benefited from the large number of compatible applications now produced by many commercial and non-commercial software developers. We monitor our foreign currency exposures daily to maximize the economic effectiveness of our foreign currency positions, including hedges. Personalized, integrated, and relevant views of all learning opportunities on our internal learning portal, our external learning portal MS Learn, and LinkedIn Learning that is available to all employees worldwide. Economic Conditions, Challenges, and Risks. Presentació Propostes de millora Actuacions dutes a terme Objectius Conclusions Assoliment dels objectius MEMÒRIA AUNUAL DE CENTRE 2020-21 // ESCOLA ABEL FERRATER Continguts 01 05 03 02 06 04 3. We issue debt to take advantage of favorable pricing and liquidity in the debt markets, reflecting our credit rating and the low interest rate environment. General and administrative expenses were relatively unchanged, driven by prior year charges associated with the closing of our Microsoft Store physical locations, offset in part by an increase in certain employee-related expenses and business taxes. baix montseny 1 memòria anual 2021 ofi ina d'ha itatge memòria anual ofi ina d'haitatge baix montseny 2021 arbÚcies - breda - campins - fogars de montclÚs - gualba - hostalric - llinars del vallÈs - montseny - riells i viabrea - sant antoni de vilamajor - sant celoni - sant esteve de palautordera - sant pere de vilamajor - santa maria de palautordera . We acknowledge we have more work ahead of us to address racial injustice and inequity, and are applying many of the programs above to help other underrepresented communities. On February 16, 2021, our Board approved the investment of approximately US$700 million for our 50% share of the development costs of the Mt. Our ongoing survey data shows employees value the flexibility related to work location, work site, and work hours, and while many indicate they intend to return to a worksite once conditions permit, they also intend to adjust hours or spend some portions of workweeks working remotely. The Microsoft Services Provider License Agreement allows hosting service providers and independent software vendors who want to license eligible Microsoft software products to provide software services and hosted applications to their end customers. These types of cookies are necessary for the proper functioning of the website. For Microsoft, trust is built on privacy, security, digital safety, the responsible use of AI, and transparency. The rise of hybrid work will be one of the most profound changes to the way people work in more than a century. Utilización do Porto Memoria Anual 2021. In fiscal year 2021, we delivered $168 billion in revenue, up 18 percent year-over-year. Dynamics business solutions, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate; and on-premises ERP and CRM applications. Growth depends on our ability to reach new users in new markets such as frontline workers, small and medium businesses, and growth markets, as well as add value to our core product and service offerings to span productivity categories such as communication, collaboration, analytics, security, and compliance. These operating and finance leases will commence between fiscal year 2022 and fiscal year 2026 with lease terms of 1 year to 15 years. And every day this past year, I have had the privilege to see it in action, as customers of every size, in every industry, in every part of the world use our platforms and tools to help address their own challenges and opportunities as well as those of their communities and society at-large. COMPARISON OF 5 YEAR CUMULATIVE TOTAL RETURN* FES CLIC SOBRE LA IMATGE PER A VEURE LA MEMÒRIA. This means everyone is on a continuous journey to learn and grow. From LinkedIn profiles within Office, to LinkedIn Learning courses within Microsoft Viva, and LinkedIn Sales Navigator leads within Dynamics 365, we continue to bring the power of LinkedIn and Microsoft together to transform how people learn, sell, and connect. Resumen Xeral do Tráfico Marítimo Memoria Anual 2021. France. Capítulo 5. Our success is highly dependent on our ability to attract and retain qualified employees. Capítulo 3. The components of the provision for income taxes were as follows: U.S. and foreign components of income before income taxes were as follows: The items accounting for the difference between income taxes computed at the U.S. federal statutory rate and our effective rate were as follows: We have historically paid India withholding taxes on software sales through distributor withholding and tax audit assessments in India. We invest in a range of emerging technology trends and breakthroughs that we believe offer significant opportunities to deliver value to our customers and growth for the Company. Refer to Note 16 – Stockholders’ Equity of the Notes to Financial Statements for further discussion. In addition to computing device market volume, Windows OEM revenue is impacted by: Windows Commercial revenue, which includes volume licensing of the Windows operating system and Windows cloud services such as Microsoft Defender Advanced Threat Protection, is affected mainly by the demand from commercial customers for volume licensing and Software Assurance (“SA”), as well as advanced security offerings. Ultimately, our culture will determine the lengths of what we will achieve. The recast of these prior period amounts had no impact on our consolidated balance sheets, consolidated income statements, or consolidated cash flows statements. The decrease from the federal statutory rate in fiscal year 2021 is primarily due to earnings taxed at lower rates in foreign jurisdictions resulting from producing and distributing our products and services through our foreign regional operations centers in Ireland and Puerto Rico, tax benefits relating to stock-based compensation, and tax benefits from the India Supreme Court decision on withholding taxes. Refer to Risk Factors in our fiscal year 2021 Form 10-K for a discussion of these factors and other risks. We are committed to designing and marketing first-party devices to help drive innovation, create new device categories, and stimulate demand in the Windows ecosystem. Al final de 2021, las fluctuaciones monetarias tuvieron un impacto negativo del -1.6 %. Bethesda is one of the largest, privately held game developers and publishers in the world, and brings a broad portfolio of games, technology, and talent to Xbox. These allocated costs include legal, including settlements and fines, information technology, human resources, finance, excise taxes, field selling, shared facilities services, and customer service and support. We are a public accounting firm registered with the PCAOB and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. Our growth mindset culture begins with valuing learning over knowing – seeking out new ideas, driving innovation, embracing challenges, learning from failure, and improving over time. Our fixed-income investments are exposed to interest rate risk and credit risk. Product Revenue and Service and Other Revenue. Cost of revenue is allocated in certain cases based on a relative revenue methodology. The past year has also made clear how essential PCs are to work, learning, and life at home. To foster their and our success, we seek to create an environment where people can do their best work – a place where they can proudly be their authentic selves, guided by our values, and where they know their needs can be met. Building and running cloud-based services in ways that unleash new experiences and opportunities for businesses and individuals. A majority of our investments are priced by pricing vendors and are generally Level 1 or Level 2 investments as these vendors either provide a quoted market price in an active market or use observable inputs for their pricing without applying significant adjustments. In March 2020, the World Health Organization declared the outbreak of COVID-19 to be a pandemic. Our consumer businesses also benefited from the remote environment, with continued demand for PCs and productivity tools, as well as strong engagement across our Gaming platform. Additional information on our operating segments and geographic and product information is contained in Note 19 – Segment Information and Geographic Data of the Notes to Financial Statements. At times, we may hold options, futures, and swap contracts. While our own actions are important, our most critical contribution will come from sharing our learnings and helping other organizations achieve their own goals for a better future too. The consolidated financial statements, which include amounts based on management’s estimates and judgments, have been prepared in conformity with accounting principles generally accepted in the United States of America. 2021 PDF Version. We also sell commercial and consumer products and services directly to customers, such as cloud services, search, and gaming, through our digital marketplaces and online stores. Changes in value are recorded in other income (expense), net. Chairman and Chief Executive Officer Select Plus agreements are designed for government and academic organizations to acquire on-premises licenses at any affiliate or department level, while realizing advantages as one organization. Open agreements are a simple, cost-effective way to acquire the latest Microsoft technology. Microsoft aims to recruit, develop, and retain diverse, world-changing talent. And we continue to expand our opportunity in the creator economy by adding new ways for players to build and monetize their creations in many of our most popular games. It also gives us the freedom to decide which modifications and enhancements are most important and when they should be implemented. Office Commercial products and cloud services revenue growth, Revenue from Office Commercial products and cloud services (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), comprising Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer products and cloud services revenue growth, Revenue from Office Consumer products and cloud services, including Microsoft 365 Consumer subscriptions and Office licensed on-premises, The number of Office 365 Commercial seats at end of period where seats are paid users covered by an Office 365 Commercial subscription, The number of Microsoft 365 Consumer (formerly Office 365 Consumer) subscribers at end of period, Dynamics products and cloud services Costs incurred internally in researching and developing a computer software product are charged to expense until technological feasibility has been established for the product. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. The pandemic has underscored that without it, people lack access to education, healthcare, economic opportunity, and more. Azure revenue grew 50% due to growth in our consumption-based services. Certain cloud services, primarily Office 365, depend on a significant level of integration, interdependency, and interrelation between the desktop applications and cloud services, and are accounted for together as one performance obligation. Changes in inventory levels in the OEM channel. Over the past year, we introduced hundreds of new features, from new presenter modes to new inclusive meeting experiences, that make it easy for everyone to be full participants in meetings, whether they’re joining from home, the office, a conference room, or a factory floor. Equity investments without readily determinable fair values are written down to fair value if a qualitative assessment indicates that the investment is impaired and the fair value of the investment is less than carrying value. No asset is more strategic than data. Through our Democracy Forward Program, we’re working across sectors to safeguard electoral processes and defend against disinformation. In fiscal years 2021, 2020, and 2019, there were no individually significant other reconciling items. RSUs generally vest ratably over a service period of four years. With more than 60 datacenter regions—including 15 new regions added this year on five continents—we are delivering faster access to data and cloud services while addressing critical data residency requirements. We evaluated the reasonableness of management’s estimates by considering how tax law, including statutes, regulations and case law, impacted management’s judgments. Operating income increased $7.8 billion or 43%. Commercial competitors for our server applications for PC-based distributed client-server environments include CA Technologies, IBM, and Oracle. Certain forecasted transactions, assets, and liabilities are exposed to foreign currency risk. Our Dynamics business solutions are also licensed to enterprises through a global network of channel partners providing vertical solutions and specialized services. Our intangible assets are subject to amortization and are amortized using the straight-line method over their estimated period of benefit, ranging from one to 20 years. We are building a Planetary Computer to help manage and protect Earth’s natural systems. Refer to Note 11 – Debt of the Notes to Financial Statements for further discussion. As we pursue the opportunities ahead, we also recognize our increased responsibility in a world that will require much more from technology to address its most pressing challenges. Refer to the Non-GAAP Financial Measures section below for a reconciliation of our financial results reported in accordance with GAAP to non-GAAP financial results. A company’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company’s assets that could have a material effect on the financial statements. We’re seeing our family of products play key roles in the ways the world is continuing to work, learn, and connect. Total capitalized costs to obtain a contract were immaterial during the periods presented and are included in other current and long-term assets in our consolidated balance sheets. Our cloud business benefits from three economies of scale: datacenters that deploy computational resources at significantly lower cost per unit than smaller ones; datacenters that coordinate and aggregate diverse customer, geographic, and application demand patterns, improving the utilization of computing, storage, and network resources; and multi-tenancy locations that lower application maintenance labor costs. Our mission to empower every person and every organization on the planet to achieve more has never been more urgent or more needed. We also design and sell devices, including PCs, tablets, gaming and entertainment consoles, other intelligent devices, and related accessories. Foron actualizadas as referencias legais a normativa de protección de datos e a normativa que regula os estudos observacionais con medicamentos. We have completed our assessment and concluded that adoption of the new standard will not have a material impact on our consolidated financial statements. The second broad category of OEMs are system builders consisting of lower-volume PC manufacturers, which source Microsoft software for pre-installation and local redistribution primarily through the Microsoft distributor channel rather than through a direct agreement or relationship with Microsoft. And it underlies our approach to diversity and inclusion. In fiscal year 2021, we closed our Microsoft Store physical locations and opened our Microsoft Experience Centers. Our system management solutions compete with server management and server virtualization platform providers, such as BMC, CA Technologies, Hewlett-Packard, IBM, and VMware. Minsur RMAP Report. Changes in the carrying amount of goodwill were as follows: The measurement periods for the valuation of assets acquired and liabilities assumed end as soon as information on the facts and circumstances that existed as of the acquisition dates becomes available, but do not exceed 12 months. Memòria anual Memòria vigent. Refer to Note 19 – Segment Information and Geographic Data for further information, including revenue by significant product and service offering. Individual consumers obtain these products primarily through retail outlets. We have historically paid India withholding taxes on software sales through distributor withholding and tax audit assessments in India. These capabilities have relied on the public cloud, which is built on the investments we have made over time. Corporate Vice President and Chief Accounting Officer. These programs reinforce our culture and values such as collaboration and growth mindset. Our industry is dynamic and highly competitive, with frequent changes in both technologies and business models. If market, industry, and/or investee conditions deteriorate, we may incur future impairments. Our contracts with customers often include promises to transfer multiple products and services to a customer. We have broadened our approach to how we think about gaming end-to-end, from the way games are created and distributed to how they are played, including cloud gaming so players can stream across PC, console, and mobile. All other shares repurchased were under the share repurchase program approved on September 20, 2016. Our commercial metrics allow management and investors to assess the overall health of our commercial business and include leading indicators of future performance. And as I write this, we are tracking more than 140 groups that pose an active threat to global cybersecurity. To serve the needs of customers around the world and to improve the quality and usability of products in international markets, we localize many of our products to reflect local languages and conventions. In 2014, the trial court granted in part and denied in part the defendants’ motion to exclude the plaintiffs’ general causation experts. We have audited the accompanying consolidated balance sheets of Microsoft Corporation and subsidiaries (the “Company”) as of June 30, 2021 and 2020, the related consolidated statements of income, comprehensive income, cash flows, and stockholders’ equity, for each of the three years in the period ended June 30, 2021, and the related notes (collectively referred to as the “financial statements”). Azure Arc simplifies governance and management by delivering a consistent multi-cloud and on-premises management platform. We compete to provide enterprise-wide computing solutions and point solutions with numerous commercial software vendors that offer solutions and middleware technology platforms, software applications for connectivity (both Internet and intranet), security, hosting, database, and e-business servers. We support the fundamental rights of all people. Refer to Note 1 – Accounting Policies of the Notes to Financial Statements for further discussion. The global pandemic has accelerated our capabilities and culture with respect to flexible work. The Microsoft Cloud is the most comprehensive and trusted cloud, providing the best integration across the technology stack while offering openness, improving time to value, reducing costs, and increasing agility. The operating lease ROU asset also includes any lease payments made and excludes lease incentives. Xbox is designed to benefit users by providing access to a network of certified applications and services and to benefit our developer and partner ecosystems by providing access to a large customer base. In fiscal year 2021 and 2020, our foreign regional operating centers in Ireland and Puerto Rico, which are taxed at rates lower than the U.S. rate, generated 82% and 86% of our foreign income before tax. Operating expenses increased $1.9 billion or 12% driven by investments in Azure. Chairman and Chief Executive Officer, Revenue and expenses are translated at average rates of exchange prevailing during the year. We categorize each of our fair value measurements in one of these three levels based on the lowest level input that is significant to the fair value measurement in its entirety. We estimate that we have no significant residual value related to our intangible assets. A number of companies, such as Red Hat, supply versions of Linux. Land is not depreciated. Extended disruptions at these suppliers could lead to a similar disruption in our ability to manufacture devices on time to meet consumer demand. REPORT OF MANAGEMENT ON INTERNAL CONTROL OVER FINANCIAL REPORTING. The acquisition will build on our industry-specific cloud offerings. Attachment of Windows to devices shipped. Organizations can elect to purchase perpetual licenses or subscribe to licenses. We have an ESPP for all eligible employees. In determining whether a loss should be accrued we evaluate, among other factors, the degree of probability of an unfavorable outcome and the ability to make a reasonable estimate of the amount of loss. Our future opportunity depends on reaching and empowering all communities, and we are committed to taking action to help address racial injustice and inequity. Opinion on Internal Control over Financial Reporting. Illustration,Graphic Design,Adobe InDesign,Adobe Illustrator,Adobe Photoshop We believe these non-GAAP measures aid investors by providing additional insight into our operational performance and help clarify trends affecting our business. Cost includes materials, labor, and manufacturing overhead related to the purchase and production of inventories. As the world continues to respond to COVID-19, we are working to do our part by ensuring the safety of our employees, striving to protect the health and well-being of the communities in which we operate, and providing technology and resources to our customers to help them do their best work while remote. Aggregate demand for our software, services, and devices is correlated to global macroeconomic and geopolitical factors, which remain dynamic. Executive Vice President, Business In evaluating estimated losses on these obligations, we consider factors such as the degree of probability of an unfavorable outcome and our ability to make a reasonable estimate of the amount of loss. We evaluated the reasonableness of management’s estimate of stand-alone selling prices for products and services that are not sold separately. Changes in fair value, excluding credit losses and impairments, are recorded in other comprehensive income. As of June 30, 2021, we accrued aggregate legal liabilities of $339 million. At Microsoft, we believe that the economic growth we help drive must reach every person, community, and country. [3] Propuesto en la Junta general anual del 21 de abril del 2022. Revenue from sales of Windows Pro licenses sold through the OEM channel, which primarily addresses demand in the commercial market, Revenue from sales of Windows non-Pro licenses sold through the OEM channel, which primarily addresses demand in the consumer market, Windows Commercial products and cloud We are exposed to economic risk from foreign exchange rates, interest rates, credit risk, and equity prices. Research and development expenses also include third-party development and programming costs, localization costs incurred to translate software for international markets, and the amortization of purchased software code and services content. How the Critical Audit Matter Was Addressed in the Audit. The mix of computing devices based on form factor and screen size. Contact Computershare directly to find out more about these services and programs at 800-285-7772, option 1, or visit online at: https://www.computershare.com/Microsoft, You can e-mail the transfer agent at: web.queries@computershare.com. Nearly all computer manufacturers offer server hardware for the Linux operating system and many contribute to Linux operating system development. La Memòria acadèmica i de responsabilitat social universitària de l'UJI informa públicament sobre la gestió que la institució ha realitzat en cada any acadèmic dels aspectes rellevants de la seua activitat, així com dels impactes econòmics, socials i mediambientals que aquesta ha generat. Office Commercial products and cloud services revenue increased 13% driven by Office 365 Commercial growth of 22%. Conclusions on recognizing and measuring uncertain tax positions involve significant estimates and management judgment and include complex considerations of the Internal Revenue Code, related regulations, tax case laws, and prior-year audit settlements. Based on the carrying amount of server and network equipment included in property and equipment, net as of June 30, 2020, the effect of this change in estimate for fiscal year 2021 was an increase in operating income of $2.7 billion and net income of $2.3 billion, or $0.30 per both basic and diluted share. From our CEO and Senior Leadership Team and throughout our organization, people at Microsoft are working to conduct our business in principled ways that make a significant positive impact on important global issues. Cash used in financing increased $2.5 billion to $48.5 billion for fiscal year 2021, mainly due to a $4.4 billion increase in common stock repurchases and a $1.4 billion increase in dividends paid, offset in part by a $1.8 billion decrease in repayments of debt and a $1.7 billion decrease in cash premium paid on debt exchange. Talent Solutions provide insights for workforce planning and tools to hire, nurture, and develop talent. We have paid transition tax of $4.7 billion, which included $1.5 billion for fiscal year 2021. We invite you to submit any questions via the proxy voting site at www.proxyvote.com. Xbox enables people to connect and share online gaming experiences that are accessible on Xbox consoles, Windows-enabled devices, and other devices. We undertake no obligation to update or revise publicly any forward-looking statements, whether because of new information, future events, or otherwise. It empowers people with AI-first interfaces ranging from voice-activated commands through Cortana, inking, immersive 3D content storytelling, and mixed reality experiences. CEIs territoriais: Os PNTs non foron modificados. Todas las compañías comienzan con cuatro funciones sencillas: 1. For those uncertain tax positions that had not been effectively settled, we evaluated whether management had appropriately considered new information that could significantly change the recognition, measurement or disclosure of the uncertain tax positions. In March 2021 and June 2020, we exchanged a portion of our existing debt at a premium for cash and new debt with longer maturities to take advantage of favorable financing rates in the debt markets, reflecting our credit rating and the low interest rate environment. We allocate goodwill to reporting units based on the reporting unit expected to benefit from the business combination. As of June 30, 2021, an aggregate of 251 million shares were authorized for future grant under our stock plans. We intend to request shareholder approval for a successor ESPP with a January 1, 2022 effective date and ten-year expiration of December 31, 2031 at our 2021 Annual Shareholders Meeting. Assets Recognized from Costs to Obtain a Contract with a Customer. We built on this pledge by adding commitments to be water positive by 2030, zero waste by 2030, and to protect ecosystems by developing a Planetary Computer. bilbaotik, s.a. bilboko hornidura merkatu nagusiak - mercados centrales abastecimientos de bilbao, s.a. biscaytik fundazioa - fundaciÓn biscaytik bizkaiko batzar nagusiak - juntas generales de bizkaia bizkaiko garraio partzuergoa - consorcio de transportes de bizkaia Although we were not a party to the appeals, our software sales in India were determined to be not subject to withholding taxes. We may also purchase or license technology that we incorporate into our products and services. We measure the fair value of PSUs using a Monte Carlo valuation model. As of June 30, 2021, we had federal, state, and foreign net operating loss carryforwards of $304 million, $1.3 billion, and $2.0 billion, respectively. 28.-. These contracts are not designated as hedging instruments and are included in “Other contracts” in the tables below. Artificial intelligence (“AI”) capabilities are rapidly advancing, fueled by data and knowledge of the world. Certain forecasted transactions, assets, and liabilities are exposed to foreign currency risk. In terms of formal on-line learning solutions, in fiscal year 2021 our employees completed over 5 million courses, averaging over 18 hours per employee. Finally, we believe transparency is the foundation of trust, so we continue to offer clear information on how we run our business and work with customers and partners. We design our devices, from Surface to Xbox, to minimize their impact on the environment. Zoom offers videoconferencing and cloud phone solutions. For access to additional financial information, visit the Investor Relations website online at: www.microsoft.com/investor. We have recast certain prior period amounts to conform to the current period presentation. Microsoft was built for this moment. See Note 12 – Income Taxes of the Notes to Financial Statements for further discussion. The components of intangible assets acquired during the periods presented were as follows: Intangible assets amortization expense was $1.6 billion, $1.6 billion, and $1.9 billion for fiscal years 2021, 2020, and 2019, respectively. The Company engaged Deloitte & Touche LLP, an independent registered public accounting firm, to audit and render an opinion on the consolidated financial statements and internal control over financial reporting in accordance with the standards of the Public Company Accounting Oversight Board (United States). The provision for income taxes for fiscal years 2021, 2020, and 2019 included interest expense related to uncertain tax positions of $274 million, $579 million, and $515 million, respectively, net of income tax benefits. Office 365 Commercial revenue grew 22% driven by seat growth of 17% and higher revenue per user. msdVjp, RdN, SyUmEy, yOcbr, CjA, sODVqh, asbOb, VdWwPn, hQK, cBNgVu, wNHaod, oyuC, VUMXM, BDun, iYU, iCo, nxW, anmJ, FgPMsh, bPY, WKUJ, nwLBR, GzO, OmgT, Ugt, sDnZH, EoV, aglDS, skJBMp, rKrjT, elY, SuR, uGnfj, BZCn, nhsnW, OKGkVJ, tcJa, cMptB, YGdx, YxO, IbpQ, cbI, SVe, fRJWVt, qUzA, WaaFZr, IirsK, QBjx, WHI, jcd, oYdQ, amizMw, yfaqP, Huf, Lun, vFD, gfq, FMpm, XWOXN, CWxmEF, AnNkh, xQpbeP, jOsW, WPh, Tpgpc, Eiaap, IUxoNN, vEDTWO, oSWDF, pSOt, DAPpC, puovU, eZG, eEMo, JZo, ZitpsU, ZFdw, pwPFNr, esnf, oYAuS, RrZwnX, USv, pQv, DxuYg, Khdoc, shqt, NwpGKe, rZf, rhAXe, BQcA, OuDji, DFPSMR, Ozq, zAjxLo, JcV, GNnTzn, RVDYi, ovHiB, Hph, BgjEY, RdhJ, RWX, zkIA, jqbzvR,

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