IntroductionWebjet Limited is a leading travel agency in New Zealand and Australia providing various online services to customers. Services provided by Webjet include ➢ Flight booking (domestic and international) ➢ Hotel accommodation (both domestic and international) ➢ Holiday packages. (both national and international) ➢ Car rental service by renting a taxi (worldwide). ➢ Travel Insurance for Traveling Customers and Passengers The founders of Webjet Limited are David Clarke, John Lemis and Allan Nahum. The company's headquarters are located in Melbourne, Australia. The company was founded in 1988 and listed on the Australian Stock Exchange in 2000 through a reverse takeover deal with Roper River Resources in New Zealand. Between 2007 and 2010 Webjet.com was ranked as the most visited site by HITWISE TRAVEL AGENCIES. One of Webjet Limited's major competitors in recent years is Wotif.com, an Australia-based website that provides online services to customers similar to the services rendered by Webjet. Wotif.com's headquarters are located in Milton, Queensland. Overview of the Company's Operations for the Year Ending 2013 Webjet Limited and Wotif Limited operate in the same line of business. The main areas of comparison will be the financial statement of both companies for the year 2012 and 2013. For the year 2013 Webjet Limited showed a net profit before tax in the amount of $11.40 million compared to the profit last year of $19.30 million. Additionally, the company's net profit after taxes was $6.5 million in 2013 compared to $13.6 million in the previous year 2012. Despite the decline in profit, the... half of paper... sed 2014).Wikipedia. WebJet. https://www.google.co.in/url?sa=t&rct=j&q=&esrc=s&source=web&cd=5&cad=rja&uact=8&ved=0CFgQFjAE&url=http%3A%2F%2Fen.wikipedia.or g%2Fwiki%2FWebjet&ei =Tt18U4PiGMjorAe_oIHwDg&usg=AFQjCNFBDyXiaoYUGtANETzuBogZiWjgyw&sig2=sudMwWYkFQXtTaJVWdOPnw&bvm=bv.67229260,d (accessed 2014).—. WotIf. https://www.google.co.in/url?sa=t&rct=j&q=&esrc=s&source=web&cd=11&cad=rja&uact=8&ved=0CG4QFjAK&url=http%3A%2F%2Fen.wikipedia.o rg%2Fwiki%2FWotif .com&ei=at58U7CGIsj4rQejpoGQCA&usg=AFQjCNHbs7sSCk4XEUDKnWiFxYkGSK0ivA&sig2=tBKaTXQqcP_xJ7buFeCi3Q&bvm=bv.672292 (visited 2014).Wotif. Wotif.com. https://www.google.co.in/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0CDwQFjAA&url=http%3A%2F%2Fwww.wotif.com%2 F%3Fcountry %3DIN&ei=at58U7CGIsj4rQejpoGQCA&usg=AFQjCNEsxfnwYLisEMI2fJwRsUpUyW3TXA&sig2=tRyVBs1eIaIUFKtz72HaKw&bvm=bv.67229260,d. (accessed 2014).