QSC AG GB 2005_eng
... additional cash in the capital market in December 2005 through a capital increase. In both this transaction as well as the celox acquisition, we used the authorized capital that had been made available by you. In order to be able to quickly seize opportunities that present themselves to the benefit ...
... additional cash in the capital market in December 2005 through a capital increase. In both this transaction as well as the celox acquisition, we used the authorized capital that had been made available by you. In order to be able to quickly seize opportunities that present themselves to the benefit ...
highlights for 2003 - Amplifon Corporate
... performance; the EBITDA amounted to 60.273 thousand Euro (49.265 thousand Euro in 2002 and 40.911 thousand Euro in 2001 ) with a 13,6% incidence on revenues (12,6% in 2002 and 11,3% in 2001). As a result, high cash flows, amounting to 47.756 thousand Euro, were generated from the operating activitie ...
... performance; the EBITDA amounted to 60.273 thousand Euro (49.265 thousand Euro in 2002 and 40.911 thousand Euro in 2001 ) with a 13,6% incidence on revenues (12,6% in 2002 and 11,3% in 2001). As a result, high cash flows, amounting to 47.756 thousand Euro, were generated from the operating activitie ...
Medium Term Debt Strategy
... Medium Term Debt Strategy (2015-2017) could help to meet GoT’s debt objectives and to achieve a more balanced composition of public debt. In conclusion, I would like to emphasise GoT’s commitment to promoting transparency and accountability in public financial management. The publication of this in ...
... Medium Term Debt Strategy (2015-2017) could help to meet GoT’s debt objectives and to achieve a more balanced composition of public debt. In conclusion, I would like to emphasise GoT’s commitment to promoting transparency and accountability in public financial management. The publication of this in ...
Sec 0 Cover - 2 Title TOC Tabs Etc.XLS
... that alter the total appropriation of any fund. However, for expenditure control purposes the budget is monitored and controlled on a departmental and line-item level. FACTORS AFFECTING FINANCIAL CONDITION The information presented in the financial statements is perhaps best understood when it is co ...
... that alter the total appropriation of any fund. However, for expenditure control purposes the budget is monitored and controlled on a departmental and line-item level. FACTORS AFFECTING FINANCIAL CONDITION The information presented in the financial statements is perhaps best understood when it is co ...
A Model of Capital and Crises Zhiguo He Arvind Krishnamurthy May 2011
... Most of our model’s results can be understood by focusing on the dynamics of the equity capital constraint. Consider a given state, described by the specialists’ wealth Wt and the households’ wealth Wth . The capital constraint requires that the household can invest at most mWt (which may be less t ...
... Most of our model’s results can be understood by focusing on the dynamics of the equity capital constraint. Consider a given state, described by the specialists’ wealth Wt and the households’ wealth Wth . The capital constraint requires that the household can invest at most mWt (which may be less t ...
Sample Chapter - McGraw Hill Higher Education
... When we attempt to quantify risk, we begin with the question: What HPRs are possible, and how likely are they? A good way to approach this question is to devise a list of possible economic outcomes, or scenarios, and specify both the likelihood (probability) of each scenario and the HPR the asset w ...
... When we attempt to quantify risk, we begin with the question: What HPRs are possible, and how likely are they? A good way to approach this question is to devise a list of possible economic outcomes, or scenarios, and specify both the likelihood (probability) of each scenario and the HPR the asset w ...
united states securities and exchange commission - corporate
... Fiscal 2014. The Company pursues a global sourcing strategy that includes relationships with vendors in 12 countries, as well as the U.S. The Company’s foreign sourcing of merchandise is negotiated and settled in U.S. Dollars. All product sources, including independent manufacturers and suppliers, m ...
... Fiscal 2014. The Company pursues a global sourcing strategy that includes relationships with vendors in 12 countries, as well as the U.S. The Company’s foreign sourcing of merchandise is negotiated and settled in U.S. Dollars. All product sources, including independent manufacturers and suppliers, m ...
What can a lender learn from a loan application?
... such a duty, regard needs to be had to equitable and statutory doctrines. This paper considers when such loans may be vulnerable to challenge as unconscionable under the equitable doctrines of undue influence and unconscionable dealing and also statutory prohibitions. Where the loan has been for a n ...
... such a duty, regard needs to be had to equitable and statutory doctrines. This paper considers when such loans may be vulnerable to challenge as unconscionable under the equitable doctrines of undue influence and unconscionable dealing and also statutory prohibitions. Where the loan has been for a n ...
European economic statistics - European Commission
... I am pleased to introduce the third issue of Eurostat’s publication European economic statistics. The aim of this publication is to bring together statistical information from different areas in order to provide an overall picture of the structure and development of the European economy as well as i ...
... I am pleased to introduce the third issue of Eurostat’s publication European economic statistics. The aim of this publication is to bring together statistical information from different areas in order to provide an overall picture of the structure and development of the European economy as well as i ...
Document
... important to consider the distribution of possible outcomes, and not just the mean. We also emphasize that the use of terminal return assumes the investor can ‘stay the course’ regardless of the path of returns. Qian (2014) also considers the impact of rebalancing on terminal wealth distributions, a ...
... important to consider the distribution of possible outcomes, and not just the mean. We also emphasize that the use of terminal return assumes the investor can ‘stay the course’ regardless of the path of returns. Qian (2014) also considers the impact of rebalancing on terminal wealth distributions, a ...
QUARTERLY FINANCIAL INFORMATION 2016: HEALTHY
... Group net income amounted to EUR 390 million in Q4 16, vs. EUR 656 million for the same period in 2015. It includes two non-recurring items: the result of the disposal of the Croatian subsidiary, amounting to EUR -235 million, and an adjustment of deferred taxes included in balance sheet assets for ...
... Group net income amounted to EUR 390 million in Q4 16, vs. EUR 656 million for the same period in 2015. It includes two non-recurring items: the result of the disposal of the Croatian subsidiary, amounting to EUR -235 million, and an adjustment of deferred taxes included in balance sheet assets for ...
Accruals, Financial Distress, and Debt Covenants Troy D. Janes
... Despite the fact that high accruals have been associated with declining future performance, there is evidence that sophisticated users of accounting information do not fully utilize the information in accruals. Sloan (1996) shows that even though high accruals predict declining performance, stock pr ...
... Despite the fact that high accruals have been associated with declining future performance, there is evidence that sophisticated users of accounting information do not fully utilize the information in accruals. Sloan (1996) shows that even though high accruals predict declining performance, stock pr ...
Balance of Payments and International Investment Position Manual
... an advance from the importer to the exporter. In some cases, goods and services are exchanged for something other than financial assets; for example, in the case of barter, there is a corresponding entry in goods and services. In the case of aid or gifts, the corresponding entries are under current ...
... an advance from the importer to the exporter. In some cases, goods and services are exchanged for something other than financial assets; for example, in the case of barter, there is a corresponding entry in goods and services. In the case of aid or gifts, the corresponding entries are under current ...
Prospectus View the prospectus
... decision with respect to the securities, investors (1) must be (a) QIBs or (b) outside the United States transacting in an offshore transaction (in accordance with Regulation S), (2) if located in the United Kingdom, must be relevant persons and (3) if located in any Member State other than the Unit ...
... decision with respect to the securities, investors (1) must be (a) QIBs or (b) outside the United States transacting in an offshore transaction (in accordance with Regulation S), (2) if located in the United Kingdom, must be relevant persons and (3) if located in any Member State other than the Unit ...
DOC 477KB - Board of Taxation
... Prior to the introduction of the debt and equity rules, the distinction between debt and equity under general income tax principles could be said to have mainly manifested in a distinction between the costs of operations that produce assessable income (in particular, the cost of debt), and returns t ...
... Prior to the introduction of the debt and equity rules, the distinction between debt and equity under general income tax principles could be said to have mainly manifested in a distinction between the costs of operations that produce assessable income (in particular, the cost of debt), and returns t ...
Modeling Sustainable Earnings and P/E Ratios Using Financial
... conjunction with other line items with which it is jointly determined – and thus necessarily correlated -- by construction of the accounting. For example, the interpretation of a change is sales depends on changes in accounts receivable, inventory and unearned revenue; the interpretation of a change ...
... conjunction with other line items with which it is jointly determined – and thus necessarily correlated -- by construction of the accounting. For example, the interpretation of a change is sales depends on changes in accounts receivable, inventory and unearned revenue; the interpretation of a change ...
Short-Term Capital Flows
... We provide a conceptual and empirical framework for evaluating the effects of short-term capital ‡ows. A simple model of the joint determination of the maturity and cost of external borrowing highlights the role played by self-ful…lling crises. The model also speci…es the circumstances under which s ...
... We provide a conceptual and empirical framework for evaluating the effects of short-term capital ‡ows. A simple model of the joint determination of the maturity and cost of external borrowing highlights the role played by self-ful…lling crises. The model also speci…es the circumstances under which s ...
PRINCIPLES OF FINANCIAL ENGINEERING
... which is true, because at t0 , the buyer is paying USD100 for the cash flows shown in Figure 1-2. Buying (selling) such a bond is inconvenient in many respects. First, one needs cash to do this. Practitioners call this funding, in case the bond is purchased. When the bond is sold short it will genera ...
... which is true, because at t0 , the buyer is paying USD100 for the cash flows shown in Figure 1-2. Buying (selling) such a bond is inconvenient in many respects. First, one needs cash to do this. Practitioners call this funding, in case the bond is purchased. When the bond is sold short it will genera ...
“Too Big to Fail”?
... “The part of a country's economy that produces goods and services, rather than the part that consists of financial services such as banks, stock markets, etc.” (Cambridge University Press, 2015) Have commodity trading houses become “Too Big to Fail”? Anas LOPEZ ...
... “The part of a country's economy that produces goods and services, rather than the part that consists of financial services such as banks, stock markets, etc.” (Cambridge University Press, 2015) Have commodity trading houses become “Too Big to Fail”? Anas LOPEZ ...
Financialization
Financialization is a term sometimes used in discussions of the financial capitalism that has developed over the decades between 1980 and 2010, in which financial leverage tended to override capital (equity), and financial markets tended to dominate over the traditional industrial economy and agricultural economics.Financialization describes an economic system or process that attempts to reduce all value that is exchanged (whether tangible or intangible, future or present promises, etc.) into a financial instrument. The intent of financialization is to be able to reduce any work product or service to an exchangeable financial instrument, like currency, and thus make it easier for people to trade these financial instruments.Workers, through a financial instrument such as a mortgage, may trade their promise of future work or wages for a home. The financialization of risk sharing is what makes possible all insurance. The financialization of a government's promises (e.g., US government bonds) is what makes possible all government deficit spending. Financialization also makes economic rents possible.