SAMA GENERAL DEPARTMENT OF FINANCE COMPANIES CONTROL. Prudential Returns Handbook (Finance Companies)

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "SAMA GENERAL DEPARTMENT OF FINANCE COMPANIES CONTROL. Prudential Returns Handbook (Finance Companies)"

Transcription

1 SAMA GENERAL DEPARTMENT OF FINANCE COMPANIES CONTROL Prudential Returns Handbook (Finance Companies)

2 1. Introduction Submission schedule All licensed finance companies in Saudi Arabia are required to submit 2 sets of Prudential Returns Forms. The submissions are as follows: Party Concerned Forms Submission Periods No. of Annual Submissions Submission Deadline (Date for receipt by SAMA) Finance companies Quarterly To be submitted on a quarterly basis, for a 3 month period ends March 31 st, June 30 th, September 30 th, and December 31 st 4 Within 25 working days after the end of each calendar quarter Finance companies Annual To be submitted on an annual basis for the 12- month period ends December 31 st of each calendar year 1 Within 60 working days after the end of each calendar year Submission Process The Prudential Return Forms must be completed and submitted to SAMA in 2 formats: 1) Electronic excel-based forms, which are available for download on SAMA s website (http://www.sama.gov.sa). The forms should be sent by to the following address: 2) Hard copies of the quarterly and annual forms must be delivered to: SAMA Finance Company Control, P.O.Box 2992, Riyadh 11169, Kingdom of Saudi Arabia. The finance company must assign the responsibility of completing the forms. A certification statement must be attached to the hard copy and has to be signed by the Chief Accountant, Finance Manager (CFO) and CEO or Managing Director. 2

3 Annual Prudential Return Forms guidelines: Form 1.1: Balance Sheet Summary The purpose of this form is to provide a summary of all shareholders equity, assets and liabilities for finance companies. yellow colored cells of the form. Cash equivalents/bank balances: All amounts included in cash, excluding statutory deposits, and due from banks and other financial institutions with a maturity of three months or less from the date of acquisition. Net investment in finance lease: Aggregate amounts of futurestic lease payments, including any purchase options granted to customers that are due to the finance company with the time period of less than 1 year. Other Current Accounts Receivable: All current receivables that are due to the finance company with the time period of less than 1 year. Prepaid expenses: Payments of items made in advance of receiving their benefits; these expenses are amortized over the period as the corresponding benefits are received. Assets held for sale: Aggregate of (trade) accounts and loans receivables that will be sold to other entities, at lower of cost or net realizable value. Other short term assets: Any other short term assets that have not been counted in the above categories; the finance company must fill a supplementary note to explain these assets. Account Receivables, long term: All long term receivables that are net of allowance for doubtful accounts. Provisions for doubtful debts: Recoverability of some receivables may be doubtful although not definitely irrecoverable. Such receivables are known as doubtful debts. Prudence requires that an allowance be created to recognize the potential loss arising from the possibility of incurring bad debts. Intangible assets: Non-physical assets such as goodwill, patents, trademarks, and copyrights. Property, plant and equipment / fixed asset: Tangible assets held by an entity for the production or supply of goods and services, for rentals to others, or for administrative purposes. Fixed assets are normally expected to be used for more than one accounting period which is why they are part of long term assets of the entity. 3

4 Investment: An asset or item that is purchased in the hope of generating income or appreciating in the future. Other long term assets: Any other long term assets that have not been counted in the above catagories; the finance company must fill supplementary note to explain the nature of these assets. Accounts payable: An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. Accruals: Accounts on the balance sheet that represent liabilities and non-cash-based assets used in accrual-based accounting. Provisions: An amount that has been put aside in the finance company's accounts to cover a futurestic liability. Short term borrowings: Any debt incurred by the finance company that is due within one year. Other short term liabilities: Any other short term liabilities that have not been counted in the above categories; the finance company must fill a supplementary note to explain the nature of these liabilities. Long term debt: Loans and financial obligations that are due after one year. Employees' end of service benefits: Employees end of service benefits payable by the company at the end of the current period. Other long term liabilities: Any other long term liability that has not been counted in the above categories; the finance company must fill a supplementary note to explain the nature of these liabilities. Paid-up share capital: The amount of the finance company's capital that has been funded by shareholders. Capital Reserve: A type of account on the finance company's balance sheet that is reserved for long-term capital investment projects or any other large and anticipated expense(s) that will be incurred in the future. Share Premium: This is the account to which the amount of money paid (or promised to be paid) by a shareholder for a share is credited to, only if the shareholder paid more than the cost of the share. General Reserves: A revenue reserve created for unspecified purposes. It represents a decision to retain some part of the income of the finance company from distribution. Retained earnings: Portion of net earnings not paid out as dividends, but retained by the finance company to be reinvested in its core business or to pay debt. Net change in fair value of investments: The change that has occurred in fair value of investments from the beginning of the year to end of the year. Other reserves: Any other reserve that has not been counted in the above categories; the finance company must fill a supplementary note to explain the nature of these reserves. 4

5 Form 1.2: Overall Financing Portfolio The purpose of this form is to provide the amount of performing assets to gauge the credit risk of the finance company. The form focuses on loan volumes by sector, activity, region, property type, activity by region, type of customer, related parties, domicile of customer and number of customers by activity by region. yellow colored cells of the form. In the first table, break down the gross financing volumes committed according to the sector in which the borrower is active for its business. In the second table, break down the gross financing volumes committed according to the activity in which the borrower is active for its business. In the third table, break down the gross real estate financing volumes by type of property. In the fourth table, break down the gross financing volumes committed according to the region in which the borrower is active for its business. In the fifth table, break down the gross financing volumes committed according to the activity by region in which the borrower is active for its business. In the sixth table, break down the gross financing volumes committed according to the number of unique customers by activity by region in which the borrower is active for its business. In the seventh table, break down the gross financing volumes committed according to the type of customer in which the borrower is active for its business. In the eighth table, break down the gross financing volumes committed according to the related parties in which the borrower is active for its business. In the ninth table, break down the gross financing volumes committed according to the domicile of customer in which the borrower is active for its business. Gross financing volumes: A principle amount and interest of loans committed. Unique customers: Unique customers are defined for table six where a unique customer is an individual or entity that has a relationship with the finance company. For example, if a customer has been granted more than one type of finance then it should be considered as a single unique customer. Companies with more than one borrowing facility should still be considered as a one unique customer. Small enterprise: Any enterprise designed to generate profit with a maximum annual turnover of SR 30,000,000. Medium enterprise: Any enterprise designed to generate profit with a maximum annual turnover of SR 100,000,000. 5

6 Microfinance: Is a type of finance that is limited to finance production activities of small businesses and craftsmen and the like. The finance amount shall not exceed requirement of Implementing Regulation of the Finance Companies Control Law. 6

7 Form 1.3: Non-Performing Assets Analysis The purpose of this form is to provide the outstanding balance of non-performing assets to gauge the credit risk of the finance company. The form focuses on late payments by different time durations by the financing activity, by borrowing sector, by type of customer and net recoveries by financing activity. yellow colored cells of the form. In this form, the duration has been divided into five durations as follows: 1- Less than 30 days. 2- Between days. 3- Between days. 4- Between days. 5- More than 180 days. In the first table, break down the total outstanding balance of delinquent contracts by activity. In the second table, break down the total outstanding balance of delinquent contracts by borrowing sector. In the third table, break down the total outstanding balance of delinquent contracts by customer type. In the fourth table, break down net recoveries by financing activities. Delinquent payments: The payments which were not made to the finance company after the due date has passed. Small enterprise: Refer to the definitions in Form 1.2 Overall Financing Portfolio. Medium enterprise: Refer to the definitions in Form 1.2 Overall Financing Portfolio. Term Financing: Outstanding loan that has a specified repayment schedule and almost has a maturity between one and 10 years. Working Capital loans: A loan whose purpose is to finance everyday operations of the finance company. Microfinance: Refer to the definitions in Form 1.2 Overall Financing Portfolio. Floating 7

8 Form 1.4 Sources of funds The purpose of this form is to provide the source of funds that are used by the finance companyin order to evaluate the leverage risk and the credit risk. The form includes share capital, reserves and surplus, provisions, long and short term debts. yellow colored cells of the form. Capital Reserve: Refer to the definitions in Form 1.1 Balance Sheet Summary. Share Premium: Refer to the definitions in Form 1.1 Balance Sheet Summary. General Reserves: Refer to the definitions in Form 1.1 Balance Sheet Summary. Retained earnings: Refer to the definitions in Form 1.1 Balance Sheet Summary. Net change in fair value of investments: Refer to the definitions in Form 1.1 Balance Sheet Summary. Other reserves: Refer to the definitions in Form 1.1 Balance Sheet Summary. Provisions: Refer to the definitions in Form 1.1 Balance Sheet Summary. Provisions For contingencies: the provisions for a potential negative economical hit which may occur in the future. Provision for Diminution on Investments: the provisions that are made to recognize the decline in the value of the current investments. Provision for Standard Assets: General provisions, at a certain percent of the total outstanding standard assets, are to create a financial buffer to protect the finance company from the impact of economic downturns. Debentures: A type of debt instrument that is not secured by physical assets or collaterals. Mutual Funds: An investment vehicle that is made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds/sukuks, money market instruments and similar assets. Term Financing: Refer to the definitions in Form 1.3 Non-Performing Assets Analysis. Working Capital loans: Refer to the definitions in Form 1.3 Non-Performing Assets Analysis. Overdraft: An extension of credit from a lending institution when an account reaches down zero. Asset backed loans: A special purpose vehicle (SPV) with securitization payments in the form of different tranches. Finance companies back this security with receivables from loans. Intercorporate borrowings: borrowings that are between related finance companies within the same affiliated group of companies. An affiliate company implies an inter- 8

9 company relationship in which one of the companies owns less than a majority of the other company s stock. Alternatively, an affiliate company is an inter-company relationship in which at least two different companies are subsidiaries of a larger company. Holding Companies: A parent corporation that owns enough voting stock in another corporation to have control over it. 9

10 Form 1.5 Borrowings Analysis The purpose of this form is to provide the borrowings source, amount and cost to gauge the credit risk of the finance company. yellow colored cells of the form. The form includes three tables that have to be filled which are borrowings from banks, borrowings from non banks, borrowings through Asset Backed Loans. Asset backed loans: Refer To the Definition in Form 1.4 Sources of Funds. 10

11 Form 1.6 Off-Balance Sheet The purpose of this form is to provide any potential liabilities that are not mentioned in the balance sheet to gauge the credit risk of the finance company. yellow colored cells of the form. This form contains one table that is broken down into current year and previous year. Under Option like contingent liabilities, there are three sub options to list balance sheet exposures: Loan commitments: Assurance by a lender to make money available to the finance company on specific terms in return for a fee. Options: A financial derivative that represents a contract sold by one party (option writer) to another party (option holder). The contract offers the buyer the right, but not the obligation, to buy (call) or sell (put) a security or other financial asset at an agreed-upon price (the strike price) during a certain period of time or on a specific date (exercise date). Standby letters of credit or guarantee: A guarantee of payment issued on behalf of a client that is used as "payment of last resort" if the client fail to fulfill a contractual commitment with a third party. Under non-option contingent liabilities there are four options to choose from: Uncommitted or Unconfirmed facilities: These are facilities that are not committed or confirmed through an existing contract but maybe called upon if certain conditions are met (e.g., SAR X amount of defaults on portfolio sale) Future Contract: A contractual agreement, generally made on the trading floor of a futures exchange, to buy or sell a particular commodity or financial instrument at a pre-determined price in the future. Forwards: A cash market transaction in which delivery of the commodity is deferred until after the contract has been made. Although the delivery is made in the future, the price is determined on the initial trade date. Interest rate swaps: An agreement between two parties (known as counterparties) where one stream of future interest/profit payments is exchanged for another based on a specified principal amount. Forex: The market in which currencies are traded. 11

12 Form 1.7 Assets Sale and Repurchase analysis The purpose of this form is to provide information about any assets that have been sold or repurchase in the given period. This form contains two tables and each table is broken down into type of asset purchased, financing activity, name of seller/buyer, amount and date of transaction. company and then it will automatically fill the green colored cells. Not Applicable. 12

13 Form 2.1 Income Statement Summary The purpose of this form is to provide a summary of all shareholders revenues and expenses. This form contains one table and it is broken down into current year and previous year. company and then it will automatically fill the green colored cells. Financing expenses/cost of funds: This includes all costs associated with funding the balance sheet (e.g., interest/profit payments on loans, processing fees on loans, late payment fees on loans etc.) Net loan impairments: Net losses on loans (impairments) given out by the finance company in the given period. Depreciation and Amortization: Depreciation is the method of allocating the cost of a physical and material assets that is known as tangible assets over the accounting period whereas the Amortization is for non-physically assets that is known as intangible assets. Third party service providers: A professional organization engaged by a company to provide services for the finance company or in the name or on behalf of the finance company to its customers. 13

14 Form 2.2 Revenues Analysis The purpose of this form is to provide a summary to the shareholders about all kinds of revenues that are generated by the finance company. This form contains four tables: Table 1: Profit Income From Financing by Activity. Table 2: Fees & Commission Income. Table 3: Investment Income. Table 4: Income From Investments By Type. The form is broken down into current year and previous year. The yellow colored cells are the input cells which need to be filled by the finance company and then it will automatically fill the green colored cells. Interest income: A revenue that is generated from the finance company s finance assets (loan) Guarantee Fee: Fees charged by the finance company for bundling, servicing, selling and reporting mortgage-backed securities to investors. Underwriting Commission: The fee the finance company charges for underwriting a security issue. Dividends: A distribution of a portion of the finance company's earnings to its shareholders. Capital gains: An increase in the value of a capital asset (e.g., investment) that gives it a higher worth than the purchase price. The gain is not recognised until the asset is sold. Fixed rate securities: An investment that provides a return in the form of fixed periodic payments and the eventual return of principal at maturity. The payments of a fixedincome security are known in advance. Floating rate securities: Securities with a variable interest/profit rate based on a certain market index. Structured credit: Receivables that have been securitized. Mutual funds: Refer to definitions in Form 1.4 Sources of funds. Equities: A stock or any other security representing an ownership interest. Real estate: Real estate that generates income or is otherwise intended for investment purposes rather than as a primary residence. This is for disclosure puropes because some of the investements are not permissibal under the Implementing Regulation of the Finance Companies Control Law. 14

15 Form 2.3 Funding Cost Analysis The purpose of this form is to provide a summary of all expenses that are related to financing. This form contains one table which is Expenses Related to Financing. The form is broken down into current year and previous year. The yellow colored cells are the input cells which need to be filled by the finance company and then it will automatically fill the green colored cells. Inter-corporate Deposits: Securities that are purchased by other corporations rather than individual investors. May include securities of affiliate companies. Debentures: Refer to definitions in form 1.4 sources of funds. Asset backed loans: Refer to definitions in Form 1.4 Sources of Funds. 15

16 Form 3.1 Investments The purpose of this form is to provide a list of all investments held by the company by type and rating. This section to be filled only in case of any remaining preregulation investments or through the exeptional SAMA approval for certain investments (if applicable). yellow colored cells of the form. Fixed rate securities: Refer to definitions in Form 2.2 Revenues Analysis. Floating rate securities: Refer to definitions in Form 2.2 Revenues Analysis. Structured credit: Refer to definitions in Form 2.2 Revenues Analysis. Mutual funds: Refer to the definitions in Form 1.4 Sources of funds Equities: Refer to definitions in Form 2.2 Revenues Analysis. Real estate: Refer to definitions in Form 2.2 Revenues Analysis. Other types of investments: Any other investments not listed in the form. Rated Investments: The rating assigned to a security of an issuer by credit rating agencies. 16

17 Form 4.1 Asset and liability maturity profile The purpose of this form is to provide assets liabilities maturities for different time period. The finance company should fill this form by disassociating the balance sheet items by their maturity tenor. The actual gap will be auto-calculated at the bottom of the form. yellow colored cells of the form. The inputs are for predicted and expected out/inflows for different time periods. Paid up Share Capital: Refer to the definitions in Form 1.1 Balance sheet summary. Reserve and surplus: Reserve is the provision for specific purpose, and surplus is the excess of assets or profit. Accounts payable: Refer to the definitions in Form 1.1 Balance Sheet Summary. Accruals: Refer to the definitions in Form 1.1 Balance Sheet Summary. Provisions: Refer to the definitions in Form 1.1 Balance Sheet Summary. Contingent liabilities: A potential obligation that may be incurred depending on the outcome of a future event. Long term Liabilities: An obligations of the finance company that become due after one year in the future. Short term assets: an assets that is to be sold, converted to cash, or liquidated usually within one year. Long term assets: an assets that is held for long time and to be sold or converted to cash, or liquidated usually after one year. 17

18 Form 4.2 Market Risk Management: Interest/Profit Rate Risk Repriced Balance Sheet The purpose of this form is to provide information on repriced Balance Sheet under changing interest rates prevailing in the market. Put all interest/profit rate repriced outstanding for assets and liabilities depending on the repricing tenor (i.e., assets repriced every 3 months should be put under days bucket). company and then it will automatically fill the green colored cells. The company is required to enter both numeric values and textual responses only in the yellow colored cells of the form. The inputs are for predicted and expected repriced items for different time periods; however, if the item has nothing to do with the interest rate then only Non-interest rate bearings column to be filled. Short term assets: Refer to the definitions in Form 4.1 Asset & liability maturity profile. Long term assets: Refer to the definitions in Form 4.1 Asset & liability maturity profile. Accounts payable: Refer to the definitions in Form 1.1 Balance sheet summary. Accruals: Refer to the definitions in Form 1.1 Balance sheet summary. Paid up Share Capital: Refer to the definitions in Form 1.1 Balance sheet summary. Reserves and surplus: Refer to the definitions in Form 4.1 Asset and liability maturity profile. Provisions: Refer to the definitions in Form 1.1 Balance sheet summary. Contingent liabilities: Refer to the definitions in Form 4.1 Asset & liability maturity profile. Long term Liabilities: Refer to the definitions in Form 4.1 Asset & liability maturity profile. 18

19 Form 5.1 Top 50 Financing The purpose of this form is to provide information on top loans granted to customers, name of customer, type of customer and loan value shall be provided. yellow colored cells of the form. For select type column there is a drop-down list where the company can select the type of customer. Not Applicable 19

20 Form 5.2 Top 20 Debentures Subscribers The purpose of this form is to provide information on top debentures subscribers, name of subscriber, type of subscriber and debenture value shall be provided. yellow colored cells of the form. For select type column there is a drop-down list where the finance company can select the type of subscriber. Not Applicable 20

21 Form 5.3 Top 20 Sukuks Issued The purpose of this form is to provide information on top sukuks issued, name of customer, type of customer and bond value shall be provided. yellow colored cells of the form. For select type column there is a drop-down list where the finance company can select the type of customer. Not Applicable 21

22 Form 5.4 Top 20 Intercorporate Borrowings The purpose of this form is to provide information on borrowings from companies, name of corporate, type of corporate and borrowed amount shall be provided. yellow colored cells of the form. For select type column there is a drop-down list where the finance company can select the type of corporate. Not Applicable 22

23 Form 6.1 Annexure 1. The purpose of this form is to provide information about loans, collaterals and growth rate. yellow colored cells of the form. Not Applicable 23

24 Form 6.2 Human Resources The purpose of this form is to provide information about Saudi employees distribution by function and the total number of all employees (Saudis and non- Saudis) yellow colored cells of the form. In the first tables all inputs are for the numbers of Saudi employees distribution whereas the second table inputs for the total of Saudi employees and non-saudis. Not Applicable 24

25 Form 6.3 Supplementary Notes & Others details The purpose of this form is to provide any notes that the company need to address or to give more clarifications. The yellow colored cells are the input cells which can be filled by the finance company if needed. Not Applicable 25

26 2. Quarterly Prudential Return Forms Guidelines Please refer to the annual financial reporting form 26

INDUSTRIAL-ALLIANCE LIFE INSURANCE COMPANY. FIRST QUARTER 2000 Consolidated Financial Statements (Non audited)

INDUSTRIAL-ALLIANCE LIFE INSURANCE COMPANY. FIRST QUARTER 2000 Consolidated Financial Statements (Non audited) INDUSTRIAL-ALLIANCE LIFE INSURANCE COMPANY FIRST QUARTER 2000 Consolidated Financial Statements (Non audited) March 31,2000 TABLE OF CONTENTS CONSOLIDATED INCOME 2 CONSOLIDATED CONTINUITY OF EQUITY 3 CONSOLIDATED

More information

HARMONIC DRIVE SYSTEMS INC. AND CONSOLIDATED SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS MARCH 31, 2013

HARMONIC DRIVE SYSTEMS INC. AND CONSOLIDATED SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS MARCH 31, 2013 HARMONIC DRIVE SYSTEMS INC. AND CONSOLIDATED SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS MARCH 31, 2013 HARMONIC DRIVE SYSTEMS INC. AND CONSOLIDATED SUBSIDIARIES CONSOLIDATED BALANCE SHEETS ASSETS

More information

GENWORTH MI CANADA INC.

GENWORTH MI CANADA INC. Condensed Consolidated Interim Financial Statements (In Canadian dollars) GENWORTH MI CANADA INC. Three and six months ended June 30, 2015 and 2014 Condensed Consolidated Interim Statements of Financial

More information

MITSUI SUMITOMO INSURANCE COMPANY, LIMITED AND SUBSIDIARIES. CONSOLIDATED BALANCE SHEETS March 31, 2005 and 2006

MITSUI SUMITOMO INSURANCE COMPANY, LIMITED AND SUBSIDIARIES. CONSOLIDATED BALANCE SHEETS March 31, 2005 and 2006 CONSOLIDATED BALANCE SHEETS March 31, 2005 and 2006 2005 2006 ASSETS Investments - other than investments in affiliates: Securities available for sale: Fixed maturities, at fair value 3,043,851 3,193,503

More information

Dumfries Mutual Insurance Company Financial Statements For the year ended December 31, 2010

Dumfries Mutual Insurance Company Financial Statements For the year ended December 31, 2010 Dumfries Mutual Insurance Company Financial Statements For the year ended December 31, 2010 Contents Independent Auditors' Report 2 Financial Statements Balance Sheet 3 Statement of Operations and Unappropriated

More information

Consolidated Balance Sheets

Consolidated Balance Sheets Consolidated Balance Sheets March 31 2015 2014 2015 Assets: Current assets Cash and cash equivalents 726,888 604,571 $ 6,057,400 Marketable securities 19,033 16,635 158,608 Notes and accounts receivable:

More information

Understanding A Firm s Financial Statements

Understanding A Firm s Financial Statements CHAPTER OUTLINE Spotlight: J&S Construction Company (http://www.jsconstruction.com) 1 The Lemonade Kids Financial statement (accounting statements) reports of a firm s financial performance and resources,

More information

TABLE 1: SCOPE OF APPLICATION Capital Deficiencies (Table 1, (e))

TABLE 1: SCOPE OF APPLICATION Capital Deficiencies (Table 1, (e)) Particulars 4. Subsidiary n TABLE 1: SCOPE OF APPLICATION Capital Deficiencies (Table 1, (e)) The aggregate amount of capital deficiencies in subsidiaries not included in the consolidation i.e. that are

More information

Ipx!up!hfu!uif Dsfeju!zpv!Eftfswf

Ipx!up!hfu!uif Dsfeju!zpv!Eftfswf Ipx!up!hfu!uif Dsfeju!zpv!Eftfswf Credit is the lifeblood of South Louisiana business, especially for the smaller firm. It helps the small business owner get started, obtain equipment, build inventory,

More information

18 BUSINESS ACCOUNTING STANDARD FINANCIAL ASSETS AND FINANCIAL LIABILITIES I. GENERAL PROVISIONS

18 BUSINESS ACCOUNTING STANDARD FINANCIAL ASSETS AND FINANCIAL LIABILITIES I. GENERAL PROVISIONS APPROVED by Resolution No. 11 of 27 October 2004 of the Standards Board of the Public Establishment the Institute of Accounting of the Republic of Lithuania 18 BUSINESS ACCOUNTING STANDARD FINANCIAL ASSETS

More information

Indian Accounting Standard (Ind AS) 7 Statement of Cash Flows

Indian Accounting Standard (Ind AS) 7 Statement of Cash Flows Contents Indian Accounting Standard (Ind AS) 7 Statement of Cash Flows Paragraphs OBJECTIVE SCOPE 1 3 BENEFITS OF CASH FLOW INFORMATION 4 5 DEFINITIONS 6 9 Cash and cash equivalents 7 9 PRESENTATION OF

More information

Notes to Consolidated Financial Statements Notes to Non-Consolidated Financial Statements

Notes to Consolidated Financial Statements Notes to Non-Consolidated Financial Statements [Translation: Please note that the following purports to be a translation from the Japanese original Notice of Convocation of the Annual General Meeting of Shareholders 2013 of Chugai Pharmaceutical Co.,

More information

Sri Lanka Accounting Standard-LKAS 7. Statement of Cash Flows

Sri Lanka Accounting Standard-LKAS 7. Statement of Cash Flows Sri Lanka Accounting Standard-LKAS 7 Statement of Cash Flows CONTENTS SRI LANKA ACCOUNTING STANDARD-LKAS 7 STATEMENT OF CASH FLOWS paragraphs OBJECTIVE SCOPE 1 3 BENEFITS OF CASH FLOW INFORMATION 4 5 DEFINITIONS

More information

how to prepare a cash flow statement

how to prepare a cash flow statement business builder 4 how to prepare a cash flow statement zions business resource center zions business resource center 2 how to prepare a cash flow statement A cash flow statement is important to your business

More information

Financial Statements

Financial Statements Financial Statements The financial information forms the basis of financial planning, analysis & decision making for an organization or an individual. Financial information is needed to predict, compare

More information

Arkansas Development Finance Authority, a Component Unit of the State of Arkansas

Arkansas Development Finance Authority, a Component Unit of the State of Arkansas Arkansas Development Finance Authority, a Component Unit of the State of Arkansas Combined Financial Statements and Additional Information for the Year Ended June 30, 2000, and Independent Auditors Report

More information

Statement of Cash Flows

Statement of Cash Flows STATUTORY BOARD FINANCIAL REPORTING STANDARD SB-FRS 7 Statement of Cash Flows This version of SB-FRS 7 does not include amendments that are effective for annual periods beginning after 1 January 2014.

More information

Balance Sheet. Assets. Current Assets Total ( )...4

Balance Sheet. Assets. Current Assets Total ( )...4 Balance Sheet Assets + Cash and Short-Term Investments... 1 + Cash...162 + Short-Term Investments...193 + Receivables Total... 2 + Receivables Trade...151 + Income Tax Refund...161 + Receivables Current

More information

Accounting Self Study Guide for Staff of Micro Finance Institutions

Accounting Self Study Guide for Staff of Micro Finance Institutions Accounting Self Study Guide for Staff of Micro Finance Institutions LESSON 2 The Balance Sheet OBJECTIVES The purpose of this lesson is to introduce the Balance Sheet and explain its components: Assets,

More information

ASPE AT A GLANCE Section 3856 Financial Instruments

ASPE AT A GLANCE Section 3856 Financial Instruments ASPE AT A GLANCE Section 3856 Financial Instruments December 2014 Section 3856 Financial Instruments Effective Date Fiscal years beginning on or after January 1, 2011 1 SCOPE Applies to all financial instruments

More information

Accounts Payable are the total amounts your business owes its suppliers for goods and services purchased.

Accounts Payable are the total amounts your business owes its suppliers for goods and services purchased. Accounts Payable are the total amounts your business owes its suppliers for goods and services purchased. Accounts Receivable are the total amounts customers owe your business for goods or services sold

More information

GUIDE TO THE SURVEY FINANCIAL BALANCE STATISTICS

GUIDE TO THE SURVEY FINANCIAL BALANCE STATISTICS 1(16) GUIDE TO THE SURVEY FINANCIAL BALANCE STATISTICS 1 GENERAL INFORMATION... 3 2 DEFINITION OF DATA... 3 2.1 Positions... 3 2.2... 3 2.3... 4 3 DEFINITION OF VARIABLES... 4 3.1 Financial assets... 4

More information

TEXTRON FINANCIAL CORPORATION

TEXTRON FINANCIAL CORPORATION TEXTRON FINANCIAL CORPORATION Quarterly Financial Statements (Unaudited) For the fiscal quarter ended Textron Financial Corporation is a wholly-owned subsidiary of Textron Inc. Beginning with the quarter

More information

QUARTERLY SURVEY OF FINANCIAL STATEMENTS ADDENDUM AND REPORTING GUIDE FOR FINANCIAL SERVICES

QUARTERLY SURVEY OF FINANCIAL STATEMENTS ADDENDUM AND REPORTING GUIDE FOR FINANCIAL SERVICES QUARTERLY SURVEY OF FINANCIAL STATEMENTS ADDENDUM AND REPORTING GUIDE FOR FINANCIAL SERVICES F06 - E: 2001-03-14 1 2 QUARTERLY SURVEY OF FINANCIAL STATEMENTS Addendum to the Reporting Guides for Financial

More information

CASH FLOW STATEMENT & BALANCE SHEET GUIDE

CASH FLOW STATEMENT & BALANCE SHEET GUIDE CASH FLOW STATEMENT & BALANCE SHEET GUIDE The Agriculture Development Council requires the submission of a cash flow statement and balance sheet that provide annual financial projections for the business

More information

Accounts payable Money which you owe to an individual or business for goods or services that have been received but not yet paid for.

Accounts payable Money which you owe to an individual or business for goods or services that have been received but not yet paid for. A Account A record of a business transaction. A contract arrangement, written or unwritten, to purchase and take delivery with payment to be made later as arranged. Accounts payable Money which you owe

More information

International Accounting Standard 7 Statement of cash flows *

International Accounting Standard 7 Statement of cash flows * International Accounting Standard 7 Statement of cash flows * Objective Information about the cash flows of an entity is useful in providing users of financial statements with a basis to assess the ability

More information

Dhanamitr Factoring Public Company Limited (Formerly: Dhanamitr Factoring Company Limited)

Dhanamitr Factoring Public Company Limited (Formerly: Dhanamitr Factoring Company Limited) Annual financial statements and Audit report of Certified Public Accountant For the years ended 31 December 2005 and 2004 DHANA MITR FACTORING COMPANY LIMITED Notes to Financial Statements (Continued)

More information

NEPAL ACCOUNTING STANDARDS ON CASH FLOW STATEMENTS

NEPAL ACCOUNTING STANDARDS ON CASH FLOW STATEMENTS NAS 03 NEPAL ACCOUNTING STANDARDS ON CASH FLOW STATEMENTS CONTENTS Paragraphs OBJECTIVE SCOPE 1-3 BENEFITS OF CASH FLOWS INFORMATION 4-5 DEFINITIONS 6-9 Cash and cash equivalents 7-9 PRESENTATION OF A

More information

Brief Report on Closing of Accounts (connection) for the Term Ended March 31, 2007

Brief Report on Closing of Accounts (connection) for the Term Ended March 31, 2007 MARUHAN Co., Ltd. Brief Report on Closing of (connection) for the Term Ended March 31, 2007 (Amounts less than 1 million yen omitted) 1.Business Results for the term ended on March, 2007 (From April 1,

More information

Northwest Bancshares, Inc. Announces Quarterly Earnings and Dividend Declaration

Northwest Bancshares, Inc. Announces Quarterly Earnings and Dividend Declaration EARNINGS RELEASE FOR IMMEDIATE RELEASE Contact: William J. Wagner, President and Chief Executive Officer (814) 726-2140 William W. Harvey, Jr., Executive Vice President and Chief Financial Officer (814)

More information

Consolidated Interim Earnings Report

Consolidated Interim Earnings Report Consolidated Interim Earnings Report For the Six Months Ended 30th September, 2003 23th Octorber, 2003 Hitachi Capital Corporation These financial statements were prepared for the interim earnings release

More information

Statement of Cash Flows

Statement of Cash Flows HKAS 7 Revised February November 2014 Hong Kong Accounting Standard 7 Statement of Cash Flows HKAS 7 COPYRIGHT Copyright 2014 Hong Kong Institute of Certified Public Accountants This Hong Kong Financial

More information

Construction Economics & Finance. Module 6. Lecture-1

Construction Economics & Finance. Module 6. Lecture-1 Construction Economics & Finance Module 6 Lecture-1 Financial management: Financial management involves planning, allocation and control of financial resources of a company. Financial management is essential

More information

JER INVESTORS TRUST INC. PROVIDES COMPANY UPDATE AND 2009 ANNUAL STATEMENT OF AFFAIRS

JER INVESTORS TRUST INC. PROVIDES COMPANY UPDATE AND 2009 ANNUAL STATEMENT OF AFFAIRS JER INVESTORS TRUST INC. PROVIDES COMPANY UPDATE AND ANNUAL STATEMENT OF AFFAIRS McLean, VA June 4, 2010: JER Investors Trust Inc. (Pink Sheets: JERT.PK, JERT or the Company ) released its annual Statement

More information

PART III. Consolidated Financial Statements of Hitachi, Ltd. and Subsidiaries: Independent Auditors Report 47

PART III. Consolidated Financial Statements of Hitachi, Ltd. and Subsidiaries: Independent Auditors Report 47 PART III Item 17. Financial Statements Consolidated Financial Statements of Hitachi, Ltd. and Subsidiaries: Schedule: Page Number Independent Auditors Report 47 Consolidated Balance Sheets as of March

More information

Centrale Bank van Curaçao en Sint Maarten. Manual Coordinated Portfolio Investment Survey CPIS. Prepared by: Project group CPIS

Centrale Bank van Curaçao en Sint Maarten. Manual Coordinated Portfolio Investment Survey CPIS. Prepared by: Project group CPIS Centrale Bank van Curaçao en Sint Maarten Manual Coordinated Portfolio Investment Survey CPIS Prepared by: Project group CPIS Augustus 1, 2015 Contents Introduction 3 General reporting and instruction

More information

STATUTORY BOARD SB-FRS 32 FINANCIAL REPORTING STANDARD. Financial Instruments: Presentation Illustrative Examples

STATUTORY BOARD SB-FRS 32 FINANCIAL REPORTING STANDARD. Financial Instruments: Presentation Illustrative Examples STATUTORY BOARD SB-FRS 32 FINANCIAL REPORTING STANDARD Financial Instruments: Presentation Illustrative Examples CONTENTS Paragraphs ACCOUNTING FOR CONTRACTS ON EQUITY INSTRUMENTS OF AN ENTITY Example

More information

STATUTORY BOARD FINANCIAL REPORTING STANDARD SB-FRS 32. Financial Instruments: Presentation Illustrative Examples

STATUTORY BOARD FINANCIAL REPORTING STANDARD SB-FRS 32. Financial Instruments: Presentation Illustrative Examples STATUTORY BOARD FINANCIAL REPORTING STANDARD SB-FRS 32 Financial Instruments: Presentation Illustrative Examples CONTENTS Paragraphs ACCOUNTING FOR CONTRACTS ON EQUITY INSTRUMENTS OF AN ENTITY Example

More information

SUMITOMO DENSETSU CO., LTD. AND SUBSIDIARIES. Consolidated Financial Statements

SUMITOMO DENSETSU CO., LTD. AND SUBSIDIARIES. Consolidated Financial Statements SUMITOMO DENSETSU CO., LTD. AND SUBSIDIARIES Consolidated Financial Statements Report of Independent Public Accountants To the Board of Directors of Sumitomo Densetsu Co., Ltd. : We have audited the consolidated

More information

What Do Short-Term Liquidity Ratios Measure? What Is Working Capital? How Is the Current Ratio Calculated? How Is the Quick Ratio Calculated?

What Do Short-Term Liquidity Ratios Measure? What Is Working Capital? How Is the Current Ratio Calculated? How Is the Quick Ratio Calculated? What Do Short-Term Liquidity Ratios Measure? What Is Working Capital? HOCK international - 2004 1 HOCK international - 2004 2 How Is the Current Ratio Calculated? How Is the Quick Ratio Calculated? HOCK

More information

5. Provisions for decrease in value of marketable securities (-)

5. Provisions for decrease in value of marketable securities (-) Balance sheet ASSETS I. CURRENT ASSETS A. Liquid Assets: 1. Cash. 2. Cheques received. 3. Banks. 4. Cheques given and payment orders (-). 5. Other liquid assets. B. Marketable Securities: 1. Share certificates.

More information

Strides Pharma Botswana (Pty) Ltd BALANCE SHEET AS AT Mar 31, 2016

Strides Pharma Botswana (Pty) Ltd BALANCE SHEET AS AT Mar 31, 2016 BALANCE SHEET AS AT Mar 31, 2016 Schedule A. EQUITY AND LIABILITIES 1. Shareholders' funds a) Share capital 1 1,597,444 1,597,444 b) Reserves and Surplus 2 1,737,474-3,334,918 1,597,444 2. Share application

More information

TERHAD. Training to Labuan Offshore Entities on Compilation of International Investment Position (IIP) Report

TERHAD. Training to Labuan Offshore Entities on Compilation of International Investment Position (IIP) Report TERHAD Training to Labuan Offshore Entities on Compilation of International Investment (IIP) Report September 2012 TERHAD 1. Equity Capital: A/L Definition Form DIa Exposures with Affiliated Enterprises

More information

ADVISORSHARES YIELDPRO ETF (NASDAQ Ticker: YPRO) SUMMARY PROSPECTUS November 1, 2015

ADVISORSHARES YIELDPRO ETF (NASDAQ Ticker: YPRO) SUMMARY PROSPECTUS November 1, 2015 ADVISORSHARES YIELDPRO ETF (NASDAQ Ticker: YPRO) SUMMARY PROSPECTUS November 1, 2015 Before you invest in the AdvisorShares Fund, you may want to review the Fund s prospectus and statement of additional

More information

Consolidated Financial Statements. FUJIFILM Holdings Corporation and Subsidiaries. March 31, 2015 with Report of Independent Auditors

Consolidated Financial Statements. FUJIFILM Holdings Corporation and Subsidiaries. March 31, 2015 with Report of Independent Auditors Consolidated Financial Statements FUJIFILM Holdings Corporation and Subsidiaries March 31, 2015 with Report of Independent Auditors Consolidated Financial Statements March 31, 2015 Contents Report of Independent

More information

C&I LOAN EVALUATION UNDERWRITING GUIDELINES. A Whitepaper

C&I LOAN EVALUATION UNDERWRITING GUIDELINES. A Whitepaper C&I LOAN EVALUATION & UNDERWRITING A Whitepaper C&I Lending Commercial and Industrial, or C&I Lending, has long been a cornerstone product for many successful banking institutions. Also known as working

More information

SECURITIES AND FUTURES ACT (CAP. 289)

SECURITIES AND FUTURES ACT (CAP. 289) Monetary Authority of Singapore SECURITIES AND FUTURES ACT (CAP. 289) NOTICE ON RISK BASED CAPITAL ADEQUACY REQUIREMENTS FOR HOLDERS OF CAPITAL MARKETS SERVICES LICENCES Monetary Authority of Singapore

More information

Important Information about Closed-End Funds and Unit Investment Trusts

Important Information about Closed-End Funds and Unit Investment Trusts Robert W. Baird & Co. Incorporated Important Information about Closed-End Funds and Unit Investment Trusts Baird has prepared this document to help you understand the characteristics and risks associated

More information

(unaudited expressed in Canadian Dollars)

(unaudited expressed in Canadian Dollars) Condensed Consolidated Interim Financial Statements of CARGOJET INC. For the three month periods ended (unaudited expressed in Canadian Dollars) This page intentionally left blank Condensed Consolidated

More information

3. CONSOLIDATED QUARTERLY FINANCIAL STATEMENTS

3. CONSOLIDATED QUARTERLY FINANCIAL STATEMENTS 3. CONSOLIDATED QUARTERLY FINANCIAL STATEMENTS (1) Consolidated Quarterly Balance Sheets September 30, 2014 and March 31, 2014 Supplementary Information 2Q FY March 2015 March 31, 2014 September 30, 2014

More information

West Japan Railway Company

West Japan Railway Company (Translation) Matters to be disclosed on the Internet in accordance with laws and ordinances and the Articles of Incorporation NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTES TO NON-CONSOLIDATED FINANCIAL

More information

Accounting Standard (AS) 14 Accounting for Amalgamations. IPCC Paper 1 Accounting,Chapter 1 CA.Karan Chopra

Accounting Standard (AS) 14 Accounting for Amalgamations. IPCC Paper 1 Accounting,Chapter 1 CA.Karan Chopra Accounting Standard (AS) 14 Accounting for Amalgamations IPCC Paper 1 Accounting,Chapter 1 CA.Karan Chopra Agenda Introduction Definitions Types of Amalgamation Amalgamation in the Nature of Merger Amalgamation

More information

IPSAS 2 CASH FLOW STATEMENTS

IPSAS 2 CASH FLOW STATEMENTS IPSAS 2 CASH FLOW STATEMENTS Acknowledgment This International Public Sector Accounting Standard (IPSAS) is drawn primarily from International Accounting Standard (IAS) 7, Cash Flow Statements published

More information

SSAP 24 STATEMENT OF STANDARD ACCOUNTING PRACTICE 24 ACCOUNTING FOR INVESTMENTS IN SECURITIES

SSAP 24 STATEMENT OF STANDARD ACCOUNTING PRACTICE 24 ACCOUNTING FOR INVESTMENTS IN SECURITIES SSAP 24 STATEMENT OF STANDARD ACCOUNTING PRACTICE 24 ACCOUNTING FOR INVESTMENTS IN SECURITIES (Issued April 1999) The standards, which have been set in bold italic type, should be read in the context of

More information

9. Short-Term Liquidity Analysis. Operating Cash Conversion Cycle

9. Short-Term Liquidity Analysis. Operating Cash Conversion Cycle 9. Short-Term Liquidity Analysis. Operating Cash Conversion Cycle 9.1 Current Assets and 9.1.1 Cash A firm should maintain as little cash as possible, because cash is a nonproductive asset. It earns no

More information

Appraisal A written analysis prepared by a qualified appraiser and estimating the value of a property

Appraisal A written analysis prepared by a qualified appraiser and estimating the value of a property REAL ESTATE BASICS Affordability Analysis An analysis of a buyer s ability to afford the purchase of a home, reviews income, liabilities, and available funds, and considers the type of mortgage a buyer

More information

PRINCIPLES FOR PRODUCING AND SUBMITTING REPORTS

PRINCIPLES FOR PRODUCING AND SUBMITTING REPORTS December 2014 PRINCIPLES FOR PRODUCING AND SUBMITTING REPORTS (1) The balance sheet and income statement are in euros, rounded up to integers. Amounts recorded in foreign currencies must be converted into

More information

Roche Capital Market Ltd Financial Statements 2014

Roche Capital Market Ltd Financial Statements 2014 Roche Capital Market Ltd Financial Statements 2014 1 Roche Capital Market Ltd - Financial Statements 2014 Roche Capital Market Ltd, Financial Statements Roche Capital Market Ltd, statement of comprehensive

More information

Analyzing Cash Flows. April 2013

Analyzing Cash Flows. April 2013 Analyzing Cash Flows April 2013 Overview Introductions Importance of cash flow in underwriting decisions Key attributes to calculating cash flow Where to obtain information to calculate cash flows Considerations

More information

Cathay Life Insurance Co., Ltd. Financial Statements As of December 31, 2006 and 2007 With Independent Auditors Report

Cathay Life Insurance Co., Ltd. Financial Statements As of December 31, 2006 and 2007 With Independent Auditors Report Financial Statements With Independent Auditors Report The reader is advised that these financial statements have been prepared originally in Chinese. These financial statements do not include additional

More information

COUNCIL FOR THE INDIAN SCHOOL CERTIFICATE EXAMINATIONS P-35,36, Sector VI, Pushp Vihar, New Delhi-110017 NEW DELHI ISC ACCOUNTS

COUNCIL FOR THE INDIAN SCHOOL CERTIFICATE EXAMINATIONS P-35,36, Sector VI, Pushp Vihar, New Delhi-110017 NEW DELHI ISC ACCOUNTS COUNCIL FOR THE INDIAN SCHOOL CERTIFICATE EXAMINATIONS P-35,36, Sector VI, Pushp Vihar, New Delhi-110017 NEW DELHI ISC ACCOUNTS Guidelines pertaining to Revised Schedule VI of Part I & II of Companies

More information

CONSOLIDATED FINANCIAL STATEMENTS. For the year 2008 CANADA LIFE FINANCIAL CORPORATION

CONSOLIDATED FINANCIAL STATEMENTS. For the year 2008 CANADA LIFE FINANCIAL CORPORATION CONSOLIDATED FINANCIAL STATEMENTS For the year 2008 CANADA LIFE FINANCIAL CORPORATION FINANCIAL HIGHLIGHTS (in $ millions except per share amounts) % Change For the years ended December 31 Premiums and

More information

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q È QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended

More information

WESTFIELD REAL ESTATE INVESTMENT TRUST

WESTFIELD REAL ESTATE INVESTMENT TRUST Unaudited Financial Statements of WESTFIELD REAL ESTATE INVESTMENT TRUST Period from January 1, 2005 to March 31, 2005 BALANCE SHEET Assets March 31 2005 (unaudited) December 31 2004 (audited) Income-producing

More information

FINANCIAL RESULTS Consolidated Financial Statements

FINANCIAL RESULTS Consolidated Financial Statements FINANCIAL RESULTS Consolidated Financial Statements MANAGEMENT S RESPONSIBILITY FOR FINANCIAL INFORMATION The management of The Toronto-Dominion Bank and its subsidiaries (the Bank ) is responsible for

More information

NAMA CHEMICALS COMPANY AND SUBSIDIARIES (SAUDI JOINT STOCK COMPANY)

NAMA CHEMICALS COMPANY AND SUBSIDIARIES (SAUDI JOINT STOCK COMPANY) CONSOLIDATED INTERIM FINANCIAL STATEMENTS AND AUDITORS REPORT (LIMITED REVIEW) CONSOLIDATED INTERIM FINANCIAL STATEMENTS AND AUDITORS REPORT INDEX PAGE Auditors report (limited review) 1 Consolidated interim

More information

Case Western Reserve University Consolidated Financial Statements for the Year Ending June 30, 2001

Case Western Reserve University Consolidated Financial Statements for the Year Ending June 30, 2001 Contents Report of Independent Accountants 1 Part 1 Consolidated Financial Statements Consolidated Balance Sheet 2 Consolidated Statement of Activities 3 Consolidated Statement of Cash Flows 4 Part 2 Summary

More information

STANDARD CHARTERED BANK KENYA LIMITED CONSOLIDATED PROFIT AND LOSS STATEMENT

STANDARD CHARTERED BANK KENYA LIMITED CONSOLIDATED PROFIT AND LOSS STATEMENT CONSOLIDATED PROFIT AND LOSS STATEMENT II PROFIT AND LOSS ACCOUNT 31.12.2010 31.12.2011 1 INTEREST INCOME 1.1 Loans and advances 5,995,619 9,546,532 1.2 Government securities 3,660,676 2,240,570 1.3 Deposits

More information

The Depository Trust Company

The Depository Trust Company The Depository Trust Company Unaudited Condensed Consolidated Financial Statements as of March 31, 2016 and December 31, 2015 and for the three months ended March 31, 2016 and 2015 THE DEPOSITORY TRUST

More information

FUBON LIFE INSURANCE CO., LTD. AND SUBSIDIARIES. CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS JUNE 30, 2013 and 2012

FUBON LIFE INSURANCE CO., LTD. AND SUBSIDIARIES. CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS JUNE 30, 2013 and 2012 FUBON LIFE INSURANCE CO., LTD. AND SUBSIDIARIES CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS JUNE 30, 2013 and 2012 (with Independent Auditors Report Thereon) Address: 14F, No. 108, Sec. 1, Tun

More information

Notes to Consolidated Financial Statements Kikkoman Corporation and Consolidated Subsidiaries Years ended March 31, 2009 and 2008

Notes to Consolidated Financial Statements Kikkoman Corporation and Consolidated Subsidiaries Years ended March 31, 2009 and 2008 Notes to Consolidated Financial Statements Kikkoman Corporation and Consolidated Subsidiaries Years ended March 31, 2009 and 2008 1. Basis of Preparation KIKKOMAN CORPORATION (the Company ) and its domestic

More information

$ 2,035,512 98,790 6,974,247 2,304,324 848,884 173,207 321,487 239,138 (117,125) 658,103

$ 2,035,512 98,790 6,974,247 2,304,324 848,884 173,207 321,487 239,138 (117,125) 658,103 FINANCIAL SECTION CONSOLIDATED BALANCE SHEETS Aioi Insurance Company, Limited (Formerly The Dai-Tokyo Fire and Marine Insurance Company, Limited) and March 31, and ASSETS Cash and cash equivalents... Money

More information

ANADOLU ANONİM TÜRK SİGORTA ŞİRKETİ DETAILED BALANCE SHEET

ANADOLU ANONİM TÜRK SİGORTA ŞİRKETİ DETAILED BALANCE SHEET ASSETS I- Current Assets Audited Current Period Audited Previous Period A- Cash and Cash Equivalents 14 1.606.048.714 1.153.712.216 1- Cash 14 37.347 49.256 2- Cheques Received 3- Banks 14 1.356.733.446

More information

Apex Clearing Corporation

Apex Clearing Corporation Statement of Financial Condition (Unaudited) Apex Clearing Corporation is a member of FINRA, Securities Investor Protection Corporation (SIPC), NYSE MKT LLC, NYSE Arca, Inc., BATS Y Exchange, Inc., BATS

More information

The statements are presented in pounds sterling and have been prepared under IFRS using the historical cost convention.

The statements are presented in pounds sterling and have been prepared under IFRS using the historical cost convention. Note 1 to the financial information Basis of accounting ITE Group Plc is a UK listed company and together with its subsidiary operations is hereafter referred to as the Company. The Company is required

More information

International Accounting Standard 39 Financial Instruments: Recognition and Measurement

International Accounting Standard 39 Financial Instruments: Recognition and Measurement EC staff consolidated version as of 18 February 2011 FOR INFORMATION PURPOSES ONLY International Accounting Standard 39 Financial Instruments: Recognition and Measurement Objective 1 The objective of this

More information

MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY AND SUBSIDIARIES

MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY AND SUBSIDIARIES MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY AND SUBSIDIARIES CONSOLIDATED STATUTORY FINANCIAL STATEMENTS As of and for the years ended December 31, 2005 and 2004 MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY

More information

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For Quarter Ended March 31, 2003

More information

Consolidated Statement of Financial Position

Consolidated Statement of Financial Position 18 Consolidated Statement of Financial Position As at December 31, 2010 and 2009 Notes SAR 000 SAR 000 Assets Cash and balances with SAMA 4 11,997,395 10,457,455 Due from banks and other financial institutions

More information

NEWS RELEASE BNCCORP, INC. REPORTS THIRD QUARTER NET INCOME OF $1.9 MILLION, OR $0.40 PER DILUTED SHARE SERIES A PREFERRED STOCK TO BE REDEEMED

NEWS RELEASE BNCCORP, INC. REPORTS THIRD QUARTER NET INCOME OF $1.9 MILLION, OR $0.40 PER DILUTED SHARE SERIES A PREFERRED STOCK TO BE REDEEMED NEWS RELEASE FOR FURTHER INFORMATION: WEBSITE: www.bnccorp.com TIMOTHY J. FRANZ, CEO TELEPHONE: (612) 305-2213 DANIEL COLLINS, CFO TELEPHONE: (612) 305-2210 BNCCORP, INC. REPORTS THIRD QUARTER NET INCOME

More information

85.52 Investments. 85.52.10 July 1, 2003. About investments. Short-term investments. 85.52.20 June 1, 2003 85.52.10

85.52 Investments. 85.52.10 July 1, 2003. About investments. Short-term investments. 85.52.20 June 1, 2003 85.52.10 85.52.10 85.52 Investments 85.52.10 July 1, 2003 About investments Investments are made as authorized by law and/or contractual agreement. Investment purchase and sale transactions are to be reported for

More information

Glossary of Common Derivatives Terms

Glossary of Common Derivatives Terms DRAFT: 10/03/07 Glossary of Common Derivatives Terms American Depository Receipts (ADRs). ADRs are receipts issued by a U.S. bank or trust company evidencing its ownership of underlying foreign securities.

More information

Roche Capital Market Ltd Financial Statements 2012

Roche Capital Market Ltd Financial Statements 2012 R Roche Capital Market Ltd Financial Statements 2012 1 Roche Capital Market Ltd - Financial Statements 2012 Roche Capital Market Ltd, Financial Statements Reference numbers indicate corresponding Notes

More information

F INANCIAL S TATEMENTS. BSFC-Private Student Loan Trust Year Ended June 30, 2014 With Independent Auditors Report

F INANCIAL S TATEMENTS. BSFC-Private Student Loan Trust Year Ended June 30, 2014 With Independent Auditors Report F INANCIAL S TATEMENTS BSFC-Private Student Loan Trust Year Ended June 30, 2014 With Independent Auditors Report BSFC-PRIVATE STUDENT LOAN TRUST Financial Statements Year Ended June 30, 2014 Contents Independent

More information

Financial Instruments: Recognition and Measurement

Financial Instruments: Recognition and Measurement STATUTORY BOARD FINANCIAL REPORTING STANDARD SB-FRS 39 Financial Instruments: Recognition and Measurement This version of the Statutory Board Financial Reporting Standard does not include amendments that

More information

GOLDMAN SACHS EXECUTION & CLEARING, L.P. and SUBSIDIARIES

GOLDMAN SACHS EXECUTION & CLEARING, L.P. and SUBSIDIARIES CONSOLIDATED STATEMENT of FINANCIAL CONDITION PURSUANT to RULE 17a-5 of the SECURITIES and EXCHANGE COMMISSION As of June 30, 2010 30 HUDSON STREET JERSEY CITY, NJ 07302 CONSOLIDATED STATEMENT OF FINANCIAL

More information

FINANCIAL STATEMENTS. Alberta Beverage Container Recycling Corporation. Contents

FINANCIAL STATEMENTS. Alberta Beverage Container Recycling Corporation. Contents 1 FINANCIAL STATEMENTS Alberta Beverage Container Recycling Corporation Contents 2 Independent Auditor s Report 3 Statement of Operations and Changes in Net Assets 4 Statement of Financial Position 5 Statement

More information

ANADOLU ANONİM TÜRK SİGORTA ŞİRKETİ DETAILED BALANCE SHEET. ASSETS Unaudited Current Audited Previous Dipnot I- Current Assets

ANADOLU ANONİM TÜRK SİGORTA ŞİRKETİ DETAILED BALANCE SHEET. ASSETS Unaudited Current Audited Previous Dipnot I- Current Assets ASSETS Unaudited Current Audited Previous Dipnot I- Current Assets A- Cash and Cash Equivalents 14 2.364.314.943 2.304.904.212 1- Cash 14 38.784 18.864 2- Cheques Received 3- Banks 14 1.961.058.269 1.937.834.876

More information

Consolidated Financial Statements

Consolidated Financial Statements Consolidated Financial Statements Reports 111 Management s responsibility for financial reporting 111 Report of Independent Registered Chartered Accountants 112 Management s report on internal control

More information

Notes to Consolidated Financial Statements Note 1: Basis of Presentation

Notes to Consolidated Financial Statements Note 1: Basis of Presentation NOTES TO CONSOLIDATED FINANCIAL STATEMENTS to Consolidated Financial Statements Note 1: Basis of Presentation Bank of Montreal ( the bank ) is a public company incorporated in Canada having its registered

More information

FORM 51 102F4 BUSINESS ACQUISITION REPORT

FORM 51 102F4 BUSINESS ACQUISITION REPORT FORM 51 102F4 BUSINESS ACQUISITION REPORT 1. IDENTITY OF COMPANY 1.1 Name and Address of Company Antibe Therapeutics Inc. (the Company ) 15 Prince Arthur Avenue Toronto, Ontario M5R 1B2 1.2 Executive Officer

More information

128 SU 3: Financial Accounting I

128 SU 3: Financial Accounting I 128 SU 3: Financial Accounting I 3.5 FINANCIAL ASSETS AND LIABILITIES Definitions 1. Financial assets include cash, equity instruments of other entities (e.g., preference shares), contract rights to receive

More information

CHAPTER 18 ASC TOPIC 320: INVESTMENTS DEBT AND EQUITY SECURITIES

CHAPTER 18 ASC TOPIC 320: INVESTMENTS DEBT AND EQUITY SECURITIES CCH brings you... CHAPTER 18 ASC TOPIC 320: INVESTMENTS DEBT AND EQUITY SECURITIES from the Special Edition GAAP Financial Statement Disclosures Manual Visit CCHGroup.com/AASolutions for an overview of

More information

Consolidated balance sheet

Consolidated balance sheet Consolidated balance sheet Non current assets 31/12/2009 31/12/2008 (*) 01/01/2008 (*) Property, plant and equipment 1,352 1,350 1,144 Investment property 7 11 11 Fixed assets held under concessions 13,089

More information

Report of Independent Auditors and Consolidated Statements of Financial Condition for. Davidson Companies and Subsidiaries

Report of Independent Auditors and Consolidated Statements of Financial Condition for. Davidson Companies and Subsidiaries Report of Independent Auditors and Consolidated Statements of Financial Condition for Davidson Companies and Subsidiaries REPORT OF INDEPENDENT AUDITORS To the Board of Directors Davidson Companies We

More information

Notes to the unaudited interim financial report

Notes to the unaudited interim financial report Notes to the unaudited interim financial report 1. Activities and corporate affiliation The Bank, through its branches and subsidiaries, provides a range of banking, financial and related services. The

More information

INSTRUCTIONS FOR COMPLETING INSURANCE COMPANY FINANCIAL STATEMENTS

INSTRUCTIONS FOR COMPLETING INSURANCE COMPANY FINANCIAL STATEMENTS INSTRUCTIONS FOR COMPLETING INSURANCE COMPANY "DRAFT VERSION FOR FIRST REVIEW ONLY" Submitted to: Minstry of Finance and Economy Head of Insurance Department Republic of Armenia Submitted by: BearingPoint

More information

1. Debt securities are instruments representing a creditor relationship with an enterprise.

1. Debt securities are instruments representing a creditor relationship with an enterprise. Chapter 18 Investments LECTURE OUTLINE The material in this chapter can be covered in three class periods. Students will have some difficulty with the classifications of debt securities into trading, available-for-sale,

More information