Annual report 2013
... of the product creation process from the initial idea and conception up to display at points of sale. In close collaboration with the fashion houses, this work is based on achieving just the right balance between imagination, sensitivity and maintaining the coherence of each new product with its bra ...
... of the product creation process from the initial idea and conception up to display at points of sale. In close collaboration with the fashion houses, this work is based on achieving just the right balance between imagination, sensitivity and maintaining the coherence of each new product with its bra ...
ACE HARDWARE CORPORATION 2015 Annual Report
... Consolidated Balance Sheets. Marketable securities are carried at fair value based on quoted market prices, with unrealized gains and losses, net of taxes, reported as a component of Accumulated other comprehensive income (“AOCI”). Realized gains and losses on securities are determined using the spe ...
... Consolidated Balance Sheets. Marketable securities are carried at fair value based on quoted market prices, with unrealized gains and losses, net of taxes, reported as a component of Accumulated other comprehensive income (“AOCI”). Realized gains and losses on securities are determined using the spe ...
Managing Financial Crisis in an Interconnected World
... the factors that explain the crises. These conditions can be grouped into three categories. The first relates to financial crises that are set off by an unexpected development. The shock could be financial, economic, social, or political. Examples include sudden changes in the terms of trade arising ...
... the factors that explain the crises. These conditions can be grouped into three categories. The first relates to financial crises that are set off by an unexpected development. The shock could be financial, economic, social, or political. Examples include sudden changes in the terms of trade arising ...
Financial liberalization, financial development and economic growth
... contain inflation and to maintain international competitiveness (Casterleign, 2001). This was after the country had experienced an upward spiral of inflation between 1970 and 1975, which caused SA to lose international competitiveness. For a long time, developing countries were the subject of much d ...
... contain inflation and to maintain international competitiveness (Casterleign, 2001). This was after the country had experienced an upward spiral of inflation between 1970 and 1975, which caused SA to lose international competitiveness. For a long time, developing countries were the subject of much d ...
Slide 1 - JRDeLisle
... Intermediaries will raise capital but struggle to deploy Infrastructure not in place to deal with sheer volume of deals ...
... Intermediaries will raise capital but struggle to deploy Infrastructure not in place to deal with sheer volume of deals ...
Investing in Real Estate in a Shariah Compliant Way
... Interpretations of the Qur’an from various Islamic schools of thought Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) The fact remains: Shariah mandates are not always consistently applied from Scholar to Scholar. Information is asymmetric, and Shariah Advisers ...
... Interpretations of the Qur’an from various Islamic schools of thought Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) The fact remains: Shariah mandates are not always consistently applied from Scholar to Scholar. Information is asymmetric, and Shariah Advisers ...
Billabong International Limited
... Pre-tax significant items for the half-year ended 31 December 2014 is a net income of $13.5 million increasing EBITDAI and arising primarily from the gain on sale of SurfStitch and Swell. Pre-tax significant items for the half-year ended 31 December 2013 of $65.6 million includes $17.7 million of fa ...
... Pre-tax significant items for the half-year ended 31 December 2014 is a net income of $13.5 million increasing EBITDAI and arising primarily from the gain on sale of SurfStitch and Swell. Pre-tax significant items for the half-year ended 31 December 2013 of $65.6 million includes $17.7 million of fa ...
1861 - Syndicate annual accounts 2016
... Portfolio and cycle management have been a key focus for the 1861 underwriting team in 2016 as insurers’ margins continued to be narrowed by reduced rating adequacy coupled with clients seeking broader coverage. Additionally, broker facilities and various other risk packaging initiatives continue to ...
... Portfolio and cycle management have been a key focus for the 1861 underwriting team in 2016 as insurers’ margins continued to be narrowed by reduced rating adequacy coupled with clients seeking broader coverage. Additionally, broker facilities and various other risk packaging initiatives continue to ...
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... 7% above the 2016 year-end level. The adidas AG share continued to outperform international stock markets, driven by the release of the strong FY 2016 financial results and FY 2017 outlook as well as the publication of the company’s 2020 acceleration plan. The adidas AG share closed the first quarte ...
... 7% above the 2016 year-end level. The adidas AG share continued to outperform international stock markets, driven by the release of the strong FY 2016 financial results and FY 2017 outlook as well as the publication of the company’s 2020 acceleration plan. The adidas AG share closed the first quarte ...
The Elapsed Time Between Acquisitions
... by Andrade et al. (2001) among others], and competition in the market for corporate control could depend on many factors (see, e.g., Boone and Mulherin, 2007). So, one must control for variation in investment opportunities and in competition. Thus, we introduce the notion of the abnormal time betwee ...
... by Andrade et al. (2001) among others], and competition in the market for corporate control could depend on many factors (see, e.g., Boone and Mulherin, 2007). So, one must control for variation in investment opportunities and in competition. Thus, we introduce the notion of the abnormal time betwee ...
HigH Performance green Building - International Living Future Institute
... by providing information about the valuation of high performance green buildings with a focus on commercial investment office properties. This study does the following: • Assesses whether green features impact asset value and market ...
... by providing information about the valuation of high performance green buildings with a focus on commercial investment office properties. This study does the following: • Assesses whether green features impact asset value and market ...
Annual Financial Statements and Combined
... increase the level of business volume per staff member. These measures will likewise result in an improved cost-income ratio. With regard to regional segments, we plan to build further on our strengths in our current markets. We are already very well positioned in these markets and are convinced tha ...
... increase the level of business volume per staff member. These measures will likewise result in an improved cost-income ratio. With regard to regional segments, we plan to build further on our strengths in our current markets. We are already very well positioned in these markets and are convinced tha ...
Loved Ones Matter: Family Effects and Stock
... by means of word-of-mouth communication or through observational learning (Banerjee, 1992; Bikhchandani et al., 1992; Ellison and Fudenberg, 1993, 1995). A link between individuals’ stock market participation decision and the level of participation in its social environment may then be motivated by ...
... by means of word-of-mouth communication or through observational learning (Banerjee, 1992; Bikhchandani et al., 1992; Ellison and Fudenberg, 1993, 1995). A link between individuals’ stock market participation decision and the level of participation in its social environment may then be motivated by ...
Sukuk: The Sharia Fixed Income Alternative Strategy
... in Islam as it can constitute interest. As these laws prohibit interest in any form, the entire transaction would become invalid if it occurs. Hence, the risk related to credit arises, based on the assumption that the debt may be irrecoverable at the end of the maturity period. • Coupon (profit rat ...
... in Islam as it can constitute interest. As these laws prohibit interest in any form, the entire transaction would become invalid if it occurs. Hence, the risk related to credit arises, based on the assumption that the debt may be irrecoverable at the end of the maturity period. • Coupon (profit rat ...
Bond Basics: Yield Curve Strategies. Craig Sullivan, CFA, CAIA
... rates are headed, it indicates their expectations for the economy. There are four general shapes the yield curve can take: 1) Normal: A normal yield curve is one which is upward-sloping. The longest maturity bonds offer the highest yield while the shortest maturity bonds offer the lowest yields. Th ...
... rates are headed, it indicates their expectations for the economy. There are four general shapes the yield curve can take: 1) Normal: A normal yield curve is one which is upward-sloping. The longest maturity bonds offer the highest yield while the shortest maturity bonds offer the lowest yields. Th ...
Chapter 5 - Aufinance
... • To help uncover these rate-determining forces, we assume that there is one fundamental interest rate, known as the pure or risk-free rate of interest, which is a component of all interest rates. • The closest real-world approximation to this pure rate of return is the market interest rate on gover ...
... • To help uncover these rate-determining forces, we assume that there is one fundamental interest rate, known as the pure or risk-free rate of interest, which is a component of all interest rates. • The closest real-world approximation to this pure rate of return is the market interest rate on gover ...
Formulas Packet Page Directory
... 1. 90 Day T‐bills: free of both credit and reinvestment risk 2. Maturity Matched T‐Notes: term matches the average maturity of the CFs 3. T‐Bonds: best estimate for the long run avg short‐term yields (NOTE: subtract out liquidity prem) DDM: Estimating equity market risk premium: ...
... 1. 90 Day T‐bills: free of both credit and reinvestment risk 2. Maturity Matched T‐Notes: term matches the average maturity of the CFs 3. T‐Bonds: best estimate for the long run avg short‐term yields (NOTE: subtract out liquidity prem) DDM: Estimating equity market risk premium: ...
Armour Residential REIT, Inc.
... of incorporation to allow for a business combination with ARMOUR, and (ii) adopt the Agreement and Plan of Merger, dated as of July 29, 2009, by and among Enterprise, ARMOUR and ARMOUR Merger Sub Corp., a Delaware corporation and a wholly-owned subsidiary of ARMOUR ("Merger Sub Corp."), and approve ...
... of incorporation to allow for a business combination with ARMOUR, and (ii) adopt the Agreement and Plan of Merger, dated as of July 29, 2009, by and among Enterprise, ARMOUR and ARMOUR Merger Sub Corp., a Delaware corporation and a wholly-owned subsidiary of ARMOUR ("Merger Sub Corp."), and approve ...
Driving success in a growing market
... As stated at the time of the IPO, Gamma is committed to a progressive dividend policy. The Board is therefore pleased to propose a final dividend, in respect of the year ended 31 December 2015, of 4.4p per share (2014: 3.95p) which, subject to the necessary shareholder approval at the forthcoming AG ...
... As stated at the time of the IPO, Gamma is committed to a progressive dividend policy. The Board is therefore pleased to propose a final dividend, in respect of the year ended 31 December 2015, of 4.4p per share (2014: 3.95p) which, subject to the necessary shareholder approval at the forthcoming AG ...
Mathematical Modeling and Statistical Methods for Risk
... fluctuations, foreign exchange rate changes, commodity price changes etc. • Credit risk – the risk carried by the lender that a debtor will not be able to repay his/her debt or that a counterparty in a financial agreement can not fulfill his/her commitments. • Operational risk – the risk of losses r ...
... fluctuations, foreign exchange rate changes, commodity price changes etc. • Credit risk – the risk carried by the lender that a debtor will not be able to repay his/her debt or that a counterparty in a financial agreement can not fulfill his/her commitments. • Operational risk – the risk of losses r ...
