QUE I R O Z G A LV Ã O PA RT I C I PA Ç Õ E S IND Ú S T R I A E A G R O P E C U Á R I A S / A.

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "QUE I R O Z G A LV Ã O PA RT I C I PA Ç Õ E S IND Ú S T R I A E A G R O P E C U Á R I A S / A."

Transcription

1 QUE I R O Z G A LV Ã O PA RT I C I PA Ç Õ E S IND Ú S T R I A E A G R O P E C U Á R I A S / A.

2 managerial report To the Stockholders, In accordance with the by-laws, we are submitting for your consideration the annual report of the management, and the related financial statements for the year ended December 31, 2008, of Queiroz Galvão Participações Indústria e Agropecuária S.A. The Management is grateful to all those who contributed toward the results achieved, especially our team of collaborators for their hard work and dedication, to suppliers and service providers for their good quality and punctuality and to clients for their faith in our work. Rio de Janeiro, April 14, ADVISORY COUNCIL Antonio de Queiroz Galvão President João Antonio de Queiroz Galvão Vice-President EXECUTIVE BOARD Roberto de Queiroz Galvão Ricardo de Queiroz Galvão ACCOUNTANT Flávio de Castro e Souza CRC-RJ

3 CONSOLIDATED BALANCE SHEETS ASSETS CONSOLIDATED HOLDING COMPANY Current assets: Cash 1,208 15, Marketable securities 10,819 10, Trade accounts receivable 26,472 56, Inventories (note 5) 36,077 39, Taxes recoverable 30,650 47, Advance to supplier 35, Other accounts receivable 3, Total current assets 144, , Non current assets: Judicial deposits 1, Investments in subsidiary and associated companies (note 7) , ,898 Other investments (428) (825) - - Fixed assets (note 6) 159, , Deferred assets Total non current assets 160, , , ,898 See notes to financial statements. 305, , , ,921 3

4 CONSOLIDATED BALANCE SHEETS LIABILITIES CONSOLIDATED HOLDING COMPANY Current liabilities: Loans and debentures (note 8) 107, , Supplier 16,161 13, Fiscal and social obligations 4,668 3, Payroll and social securities 2,532 3, Dividends payable 8,442 12, Related parties 25 (10,499) 4,140 5,988 Other accounts payable 5,464 1, Total current liabilities 145, ,614 4,233 6,111 Non current liabilities: Loans and debentures (note 8) 25,117 45, Discount in consolidated investiments 20,359 26, Total non current liabilities 45,477 72, Minority interest - 10, Shareholders equity: Capital stock (note 9) 51,321 67,712 51,321 67,712 Revaluation reserve 2,037 9,806 2,037 9,806 Profit reserve 61,755 57,293 61,755 57,293 See notes to financial statements. 115, , , , , , , ,921 4

5 CONSOLIDATED STATEMENTS OF INCOME Years ended December 31, 2008 and 2007 (in thousands of US dollars) CONSOLIDATED HOLDING COMPANY Service income 220, , Cost of services (177,581) (215,205) - - Gross profit 42,767 47, Operating income (expenses): Administrative (19,238) (21,009) (6) (43) Tax expenses (19) (20) (7) - Depreciation (18) (30) - - Equity in earnings ,201 24,678 Other 7,139 3, (12,135) (17,973) 16,188 24,635 Financial income 14,420 12, Financial expenses (30,518) (15,255) (3,253) - (16,098) (2,420) (3,253) - Profit before income tax and social contribution 14,534 26,773 12,935 24,635 Social contribution (5) (425) - - Income tax (1,594) Income before minority interest 12,935 26,348 12,935 24,635 Minority interest - (1,713) - - Net income for the year 12,935 24,635 12,935 24,635 Earning per share Number of shares of capital stock 79,979,869 79,979,869 See notes to financial statements.

6 STATEMENTS OF CHANGES IN SHAREHOLDER S EQUITY Years ended December 31, 2008 and 2007 (in thousands of US dollars) CAPITAL STOCK REVALUATION RESERVE PROFIT RESERVE Legal reserve RETAINED EARNINGS TOTAL Balances at December 31, ,098 8,124 4,530 22,526 91,279 6 Gain on translation 11,613 1,681 1,048 4,554 18,897 Net income for the year ,635 24,635 Destination of net income for the year: Unrealized profits reserve ,605 (51,605) - Legal reserve (110) - Balances at December 31, ,712 9,806 57, ,811 Gain on translation (16,390) (2,374) (53,065) 39,197 (32,633) Reversal on revaluation reserve - (5,395) - 5,395 - Net income for the year ,935 12,935 Destination of net income for the year: Unrealized profits reserve ,880 (56,880) - Legal reserve (647) - Balances at December 31, ,321 2,037 61, ,113 See notes to financial statements.

7 STATEMENT OF CASH FLOW Year ended December 31, 2008 (in thousands of US dollars) Cash flows from operating activities: CONSOLIDATED HOLDING COMPANY (Loss) for the year 12,935 12,935 Adjustments for: Depreciation 8,967 - Equity in earnings - (16,201) Interest expenses 16,098 3,253 37,999 (13) Decrease (increase) in accounts receivable 16,072 - Decrease (increase) in inventories (5,762) - Decrease (increase) in recoverable taxes 5,265 - Decrease (increase) in other accounts receivable (39,430) - Increase (decrease) in suppliers 5,588 - Increase (decrease) in salaries, charges and tax obligations to pay 1,071 - Increase (decrease) in related parties 7,982 (398) Increase (decrease) in other trade accounts payable (3,832) - Cash flows from operating activities 24,955 (412) ( - ) interests paid (30,518) (3,253) Net cash used in operating activities (5,563) (3,665) Cash flows used in investing activities ( - ) Additions in Fixed assets (29,109) - ( - ) Additions Subsidiary and Associated (198) 3,673 Interests received 14,420 - Net cash used in investing activities (14,887) 3,673 Cash flows from financing activities Financing 55,078 - ( - )Financing amortization (41,951) - Net cash used in financing activities 13,127 - Increase in cash and cash equivalents (7,323) 8 Cash and cash equivalents, beginning of the year 25, Cash and cash equivalents, end of the year 12, Gain on translation 6,185 6 Increase in cash and cash equivalents (7,323) 8 See notes to financial statements. 7

8 Notes to Consolidated Financial Statements (A translation of the original report in Portuguese containing financial statements prepared in accordance with accounting practices generally accepted in Brazil) 1 OPERATIONS The Queiroz Galvão Participações - Indústria e Agropecuária S.A. is a joint-stock private company, a whole owned subsidiary of Queiroz Galvão S.A. The Company was incorporated on February 01, 1998 as part of an ample corporate reorganization process of the Queiroz Galvão S.A. group which included new strategic plans and the realignment of operation by area of activity within that scenery the Company was created with the objective to increment the activities in the areas of industrialization and farming fields, though investments in the capital of other companies oriented to such activities. The investments and the respective activity areas are as follows: PARTICIPATION Agropecuária Rio Arataú S.A % 90.08% Direct SIMASA Siderúrgica do Maranhão S.A % 94.65% Direct Cia. Siderúrgica Vale do Pindaré 86.48% 86.48% Direct Queiroz Galvão Alimentos S.A % 91.68% Direct Potiporã Alimentos Ltda % % Direct COSIMA Siderúrgica do Maranhão Ltda % % Direct Energia Verde Produção Rural Ltda % % Direct Queiroz Galvão Alimentos S.A. originated from Potiporã Aquacultura Ltda which merged Timbaúba Agrícola S.A. was created with the objective the scope of farming fields, with highlight on irrigated agriculture, industrialization and commercialization, including export of own and third-parties products, mainly fruit and investigation, creation, reproduction, benefit and commercialization of shrimp. Agropecuária Rio Arataú develops agricultural and farming activities in all their modalities. The activities of Siderúrgica do Maranhão (SIMASA), Cia Siderúrgica Vale do Pindaré (PINDARÉ) and COSIMA Siderúrgica do Maranhão Ltda are the production and commercialization, including import and export, of pig iron, charcoal and metallurgical products in general and their by-products. Energia Verde Produção Rural Ltda. has as the main activity a rural production of vegetables products in a natural state or industrialized ones. 8

9 Notes to Consolidated Financial Statements 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES a. Brazilian accounting practices The financial statements have been prepared in accordance with the Brazilian accounting practices which include the principles prescribed by the Brazilian Corporate Law, the Law nº of December 26, 1995 and Instruction nº 248 from the Security and Exchange Commission CVM. a.1 Adjustment of Law nº /07 On December 28, 2007 was promulgated the Law nº , with term from 1 January 2008, which changes, repeals and adds new provisions to Law nº 6.404/76 (Brazilian Corporate Law). This law had, mainly, the objective of update the Brazilian corporate law to facilitate the process of convergence of accounting practices adopted in Brazil with those contained in international accounting standards (IFRS) and allow new accounting standards and procedures are dispatched by the regulators in line with international standards of accounting. To attend the Law nº /07, the company developed the Statement of Cash Flows for the year ended December 31, b. Translation into United States dollars The United States dollar amounts result from translation of the financial statements at the year-end rate of exchange as follows: R$ 2,337 per US$1.00 R$ 1,7713 per US$1.00 The translation should not be construed as representation that the real (R$) amounts actually represent or have been, or could be converted into United States dollars. 3 CONSOLIDATED FINANCIAL STATEMENTS AND HOLDING COMPANY a. Statements of income Service income, the related costs and other income and expenses are recorded for in accordance to the accrual basis method of accounting; b. Marketable securities They are represented by investments in fixed income securities and are stated at cost, plus accrued income to the balance sheet date; c. Inventories They are stated at the lower of the average cost or market; d. Fixed assets They are stated at cost plus monetary correction up to December 31, Depreciation is provided by the straight-line method over the estimated useful lives of depreciable assets; 9

10 Notes to Consolidated Financial Statements e. Investments in subsidiaries They are accounted for by the equity method based on invested companies financial statements. The amortization of excess of price over the carrying value and discount on investments was record based on economic events that support such amounts. The obtained results are demonstrated as an operating result in the equity in earnings; f. Deferred assets They are represented by actual net expenses on income incurred. The amortization is calculated using the straight-line method at annual rates of 10% and 20%. 4 CONSOLIDATED FINANCIAL STATEMENTS The consolidated financial statements at December 31, 2008 and 2007 were represented of holding company Queiroz Galvão Participações Indústria e Agropecuária S.A. and the others companies that obtain participation with describe in note 7. The financial statements have been prepared in accordance with the rules and procedures established by the Brazilian Securities and Exchange Commission (CVM Instruction nº 247/96). The consolidation process resulted from the application of the percentages describes on note 1 to the balance sheet and statement of income accounts of the investor, adjusted by the following eliminations: a. Income and expenses, reserves and other results among the consolidated companies; b. Current account and others of asset and liability balances among the consolidated companies; c. Effects from transactions undertaken by the above mentioned companies; d. Discount and excess of price over the carrying value in investments were based on the expectation of future income and in line with the above-mentioned CVM regulatory instruction they were classified as result deferred income; and e. The minority benefits are represented at liabilities and the statements of income in minority interest. 10

11 Notes to Consolidated Financial Statements 5 INVENTORIES CONSOLIDATED Finished metallurgical products 10,104 19,043 Create and multiply animals and others 2,041 2,338 Metallurgical raw material 18,345 10,317 Stock room 1,602 1,996 Shrimp 3,985 6,303 6 FIXED ASSETS 36,077 39,997 CONSOLIDATED TAXES Equipments and others 10% and 20% 51,795 85,191 Constructions 4% and 8% 48,094 72,786 Permanent culture and forests 6.66% and 10% 56,649 65,162 Lands - 31,305 26,872 Vehicles 20% and 40% 8,831 11,177 Facilities 10% 7,774 10,040 Other fixed assets 10% 29,374 5, , ,626 Less: Accumulated depreciation (74,113) (91,950) 7 INVESTMENTS As of December 31, 2008 and 2007 the investments account was stated as follows: 159, , Investment Discount Agio Total Total SIMASA Siderúrgica do Maranhão S.A. 32,130 (16,268) - 15,862 28,283 Agropecuária Rio Arataú S.A ,170 2,634 2,971 Cia Siderúrgica Vale do Pindaré 39,958 (5,376) - 34,582 26,689 Potiporã Alimentos Ltda. 3, , Energia Verde-Produção Rural Ltda (21) Queiroz Galvão Alimentos S.A. 11,146 (1,620) - 9,526 27,983 Cosima Siderúrgica do Maranhão Ltda. 52, ,835 54, ,679 (23,264) 2, , ,898 11

12 Notes to Consolidated Financial Statements 8 LOANS AND DEBENTURES 2008 Institutions Finality Charge Taxes Short-term Long-term Guarantee extension % aa 566 3,397 Mortgage Costing Agricultural - Farming % aa 11,406 - Mortgage extension % aa Mortgage Costing Agricultural - Farming % aa 10,146 - Mortgage extension % aa 562 1,118 Mortgage extension % aa Mortgage Debenture % aa Surely and floating extension % aa 919 3,674 Bond fidelity/ Trustee extension % aa Mortgage Banco do Nordeste do Brasil S.A Debenture % aa Surely and floating Banco Bradesco S.A. Working capital Dólar 5.50% aa 38,312 - Promissory notes Banco Bradesco S.A. Working capital Dólar 5.226% aa 28,881 - Promissory notes Banco Bradesco S.A. Working capital Euro 5.18% aa 2,498 - Promissory notes Banco Bradesco S.A. Working capital Euro 5.25% aa 8,015 - Promissory notes BNDES extension Basket of currencies 2.75% aa 3,282 5,416 Mortgage BNDES extension L.T.I.R 2.00% aa Mortgage BNDES extension L.T.I.R 2.75% aa Mortgage Banco Votorantim S.A. Finame % aa Bond fidelity/ Trustee Banco Votorantim S.A. Finame L.T.I.R 1.35% aa Bond fidelity/ Trustee Banco Votorantim S.A. Finame L.T.I.R 3.15% aa Promissory notes Banco Votorantim S.A. Finame L.T.I.R 3.15% aa Promissory notes Banco Votorantim S.A. Finame L.T.I.R 3.15% aa Promissory notes Banco Votorantim S.A. Finame L.T.I.R 2.38% aa Bond fidelity/ Trustee Banco Votorantim S.A. extension L.T.I.R 2.65% aa 4 1,551 Promissory notes Banco da Amazônia S.A. extension L.T.I.R 4.00% aa - 7,056 Surely and floating 107,909 25, LTIR = Represent Long Term Interest Rate used in Brazil named TJLP, fixed by Brazilian Central Bank.

13 Notes to Consolidated Financial Statements 2007 Institutions Finality Charge Taxes Short-term Long-term Guarantee extension % aa 864 6,046 Mortgage Finame % aa 54 - Mortgage Costing Agricultural - Farming % aa 9,436 - Mortgage extension % aa Mortgage Costing Agricultural - Farming % aa 10,592 - Mortgage extension % aa 963 1,168 Mortgage extension % aa Mortgage Debenture % aa Surely and floating extension % aa 1,402 7,013 Bond fidelity/trustee extension % aa 653 1,958 Mortgage Debenture % aa 826 1,239 Surely and floating Banco Bradesco S.A. Working capital Dólar 5.50% aa 5,809 - Promissory notes Banco Bradesco S.A. Working capital Dólar 5.226% aa 14,765 - Promissory notes Banco Bradesco S.A. Working capital Euro 5.25% aa 9,385 - Promissory notes Banco Bradesco S.A. Working capital Dólar 5.25% aa 46,104 - Promissory notes Banco Bradesco S.A. extension L.T.I.R 2.00% aa Bond fidelity/trustee HSBC - Bamerindus BNDES Costing Agricultural - Farming % aa 1,188 - Pledge extension Basket of curcies 2.75% aa 4,710 12,413 Mortgage BNDES extension L.T.I.R 2.75% aa 369 1,030 Mortgage Banco Itaú BBA S.A. Costing Agricultural - Farming % aa 3,047 - Pledge Banco Votorantim S.A. Finame % aa Bond fidelity/trustee Banco Votorantim S.A. Finame L.T.I.R 1.35% aa Bond fidelity/trustee Banco Votorantim S.A. Finame L.T.I.R 3.15% aa Promissory notes Banco Votorantim S.A. Finame L.T.I.R 3.15% aa Promissory notes Banco Votorantim S.A. Finame L.T.I.R 3.15% aa Promissory notes Banco Votorantim S.A. Finame L.T.I.R 1.35% aa Bond fidelity/trustee Banco Votorantim S.A. Finame L.T.I.R 3.15% aa Bond fidelity/trustee Banco Votorantim S.A. Finame L.T.I.R 3.15% aa Bond fidelity/trustee Banco Votorantim S.A. Finame L.T.I.R 1.35% aa Bond fidelity/trustee Banco Votorantim S.A. Finame L.T.I.R 3.15% aa Bond fidelity/trustee Banco Votorantim S.A. Finame L.T.I.R 3.15% aa Bond fidelity/trustee Banco Votorantim S.A. Finame L.T.I.R 1.35% aa Bond fidelity/trustee Banco Votorantim S.A. extension L.T.I.R 2.65% aa 8 1,444 Promissory notes Banco da Amazônia S.A. extension L.T.I.R 4.00% aa - 9,722 Surely and floating 112,441 45,756 LTIR = Represent Long Term Interest Rate used in Brazil named TJLP, fixed by Brazilian Central Bank. 13

14 Notes to Consolidated Financial Statements 9 CAPITAL The capital, subscribed and fully paid, comprises 79,979,869 ordinary nominative shares with no par value. On December 31, 2008 the Company s book value per thousand of shares was R$ 3.363,58 equivalent to US$1, (R$ 2.990,00 equivalent to US$1, at 2007). 14 The shareholders have the right to a minimum dividend of 3% of the net income for the year, according to the company s by-law. The shareholders general meeting has the power to decide for lower distribution or retention of the whole net income. Also, 5% of the net income for the year is appropriated to legal reserve limited to 20% of the capital stock. 10 FINANCIAL INSTRUMENTS The financial instruments are recorded for in the balance sheet accounts as of December 31, 2008 and 2007 at compatible market value. The management of these instruments is made in a strategic way with the objective of liquidity, profitability and security. The investment control consists of a permanent follow-up of the contracted rates compared to the daily market rates. The company does not operate with derivatives or any other risk asset. 11 CONTINGENCIES The Company s management, based on the opinion of its legal advisors believes that the appropriate referrals and arrangements for any fiscal, tax, pension and labor liability purposes; have been taken in each situation and are sufficient to preserve the company s equity no indications, in December 31, 2008, of the need to recognize any provision for contingencies in the financial statements. The accounting records and operations are subject to examination of tax authorities in different mature dates according to the specific tax laws applicable.

Financial Statements

Financial Statements Financial Statements Years ended March 31,2002 and 2003 Contents Consolidated Financial Statements...1 Report of Independent Auditors on Consolidated Financial Statements...2 Consolidated Balance Sheets...3

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

1. Basis of Preparation. 2. Summary of Significant Accounting Policies. Principles of consolidation. (a) Foreign currency translation.

1. Basis of Preparation. 2. Summary of Significant Accounting Policies. Principles of consolidation. (a) Foreign currency translation. Nitta Corporation and Subsidiaries Notes to Consolidated Financial Statements March 31, 1. Basis of Preparation The accompanying consolidated financial statements of Nitta Corporation (the Company ) and

More information

Caixa Econômica Federal CAIXA Financial Statements at June 30, 2009 and 2008 and Report of Independent Auditors

Caixa Econômica Federal CAIXA Financial Statements at June 30, 2009 and 2008 and Report of Independent Auditors (A free translation of the original in Portuguese) Caixa Econômica Federal CAIXA Financial Statements and Report of Independent Auditors (A free translation of the original in Portuguese) Report of Independent

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

KIRIN HOLDINGS COMPANY, LIMITED

KIRIN HOLDINGS COMPANY, LIMITED KIRIN HOLDINGS COMPANY, LIMITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2013 AND 2012 TOGETHER WITH INDEPENDENT AUDITOR S REPORT Consolidated Balance Sheets Kirin Holdings Company,

More information

DTS CORPORATION and Consolidated Subsidiaries. Unaudited Quarterly Consolidated Financial Statements for the Three Months Ended June 30, 2008

DTS CORPORATION and Consolidated Subsidiaries. Unaudited Quarterly Consolidated Financial Statements for the Three Months Ended June 30, 2008 DTS CORPORATION and Consolidated Subsidiaries Unaudited Quarterly Consolidated Financial Statements for the Three Months Ended June 30, 2008 DTS CORPORATION and Consolidated Subsidiaries Quarterly 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

! "#$ %&!& "& ' - 3+4 &*!&-.,,5///2!(.//+ & $!- )!* & % +, -).//0)& 7+00///2 *&&.4 &*!&- 7.00///2 )!*.//+ 8 -!% %& "#$ ) &!&.

! #$ %&!& & ' - 3+4 &*!&-.,,5///2!(.//+ & $!- )!* & % +, -).//0)& 7+00///2 *&&.4 &*!&- 7.00///2 )!*.//+ 8 -!% %& #$ ) &!&. ! "#!""#$%$#$#$"& $'"()*+,$-).,/ 012! "#$ %&!& "& '!(&)!*&%+,-).//0 -#$#3-4' &,'1$1# $!-!(.//0)& +01+///2 *&& - 3+4 &*!&-.,,5///2!(.//+ &!(!-6%(!(.//.$(!(.//0)& 01,///2 //+2% &*!&- 5,0///2 //32%!(.//+

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

Investments and advances... 313,669

Investments and advances... 313,669 Consolidated Financial Statements of the Company The consolidated balance sheet, statement of income, and statement of equity of the Company are as follows. Please note the Company s consolidated financial

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

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

Notes to Consolidated Financial Statements Notes to Non-consolidated Financial Statements This document has been translated from the Japanese original for reference purposes only. In the event of discrepancy between this translated document and the Japanese original, the original shall prevail.

More information

Consolidated Financial Results for Fiscal Year 2013 (April 1, 2013 March 31, 2014)

Consolidated Financial Results for Fiscal Year 2013 (April 1, 2013 March 31, 2014) Consolidated Financial Results for Fiscal Year 2013 (April 1, 2013 March 31, 2014) 28/4/2014 Name of registrant: ShinMaywa Industries, Ltd. Stock Exchange Listed: Tokyo Code number: 7224 (URL: http://www.shinmaywa.co.jp

More information

Audit Report of Independent Certified Public Accountants

Audit Report of Independent Certified Public Accountants Audit Report of Independent Certified Public Accountants The Board of Directors Acer Incorporated: We have audited the non-consolidated balance sheets of Acer Incorporated (the Company ) as of June 30,

More information

TAKASHIMAYA FINANCIAL STATEMENTS

TAKASHIMAYA FINANCIAL STATEMENTS TAKASHIMAYA FINANCIAL STATEMENTS Years ended February 29, and February 28, 2011 CONSOLIDATED BALANCE SHEETS Takashimaya Company, Limited and Consolidated Subsidiaries February 29, and February 28, 2011

More information

Consolidated Financial Statements. Nippon Unipac Holding and Consolidated Subsidiaries

Consolidated Financial Statements. Nippon Unipac Holding and Consolidated Subsidiaries Consolidated Financial Statements Nippon Unipac Holding and Consolidated Subsidiaries Period from March 30, 2001 (date inception) to September 30, 2001 Nippon Unipac Holding and Consolidated Subsidiaries

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

Consolidated Balance Sheets March 31, 2001 and 2000

Consolidated Balance Sheets March 31, 2001 and 2000 Financial Statements SEIKAGAKU CORPORATION AND CONSOLIDATED SUBSIDIARIES Consolidated Balance Sheets March 31, 2001 and 2000 Assets Current assets: Cash and cash equivalents... Short-term investments (Note

More information

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

Notes to Consolidated Financial Statements Notes to Non-Consolidated Financial Statements This document has been translated from the Japanese original for reference purposes only. In the event of discrepancy between this translated document and the Japanese original, the original shall prevail.

More information

Consolidated Financial Statements

Consolidated Financial Statements Consolidated Financial Statements For the year ended February 20, 2016 Nitori Holdings Co., Ltd. Consolidated Balance Sheet Nitori Holdings Co., Ltd. and consolidated subsidiaries As at February 20, 2016

More information

Companhia Brasileira de Distribuição Report of Independent Accountants on the Limited Review of the Quarterly Information (ITR) June 30, 2004

Companhia Brasileira de Distribuição Report of Independent Accountants on the Limited Review of the Quarterly Information (ITR) June 30, 2004 Companhia Brasileira de Distribuição Report of Independent Accountants on the Limited Review of the Quarterly Information (ITR) June 30, 2004 A free translation from Portuguese into English of Special

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

3 4 5 6 FINANCIAL SECTION Five-Year Summary (Consolidated) TSUKISHIMA KIKAI CO., LTD. and its consolidated subsidiaries Years ended March 31 (Note 1) 2005 2004 2003 2002 2001 2005 For the year: Net sales...

More information

ZAMIL INDUSTRIAL INVESTMENT COMPANY (SAUDI JOINT STOCK COMPANY)

ZAMIL INDUSTRIAL INVESTMENT COMPANY (SAUDI JOINT STOCK COMPANY) ZAMIL INDUSTRIAL INVESTMENT COMPANY INTERIM CONSOLIDATED FINANCIAL STATEMENTS AND AUDITORS REPORT (LIMITED REVIEW) FOR THE THREE MONTHS AND NINE MONTHS PERIODS ENDED SEPTEMBER 30, NOTES TO THE INTERIM

More information

Investments and advances... 344,499

Investments and advances... 344,499 Consolidated Financial Statements of the Company The consolidated balance sheet, statement of income, and statement of equity of the Company are as follows. Please note the Company s consolidated financial

More information

The Kansai Electric Power Company, Incorporated and Subsidiaries

The Kansai Electric Power Company, Incorporated and Subsidiaries The Kansai Electric Power Company, Incorporated and Subsidiaries Consolidated Financial Statements for the Years Ended March 31, 2003 and 2002 and for the Six Months Ended September 30, 2003 and 2002 The

More information

Capital Stock. (units) 9/30/2015 512.362.664 509.842.829 1.022.205.493 6.522.831 13.045.663 19.568.494

Capital Stock. (units) 9/30/2015 512.362.664 509.842.829 1.022.205.493 6.522.831 13.045.663 19.568.494 (Convenience translation into English from the original previously issued in Portuguese) ITR QUARTERLY INFORMATION 9/30/2015 SUL AMÉRICA S/A Capital Stock Shares Number (units) Capital Stock Common Preferred

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

Summary of Consolidated Financial Results for the Six Months Ended September 30, 2013

Summary of Consolidated Financial Results for the Six Months Ended September 30, 2013 November 6, 2013 Summary of Consolidated Financial Results for the Six Months Ended Name of Company Listed: Stock Exchange Listings: Nippon Paper Industries Co., Ltd. Tokyo Code Number: 3863 URL: Representative:

More information

Residual carrying amounts and expected useful lives are reviewed at each reporting date and adjusted if necessary.

Residual carrying amounts and expected useful lives are reviewed at each reporting date and adjusted if necessary. 87 Accounting Policies Intangible assets a) Goodwill Goodwill represents the excess of the cost of an acquisition over the fair value of identifiable net assets and liabilities of the acquired company

More information

(2)Adoptions of simplified accounting methods and accounting methods particular to the presentation of quarterly financial statements: None

(2)Adoptions of simplified accounting methods and accounting methods particular to the presentation of quarterly financial statements: None Financial Statement for the Six Months Ended September 30, 2015 Name of listed company: Mipox Corporation Stock Code: 5381 (URL http://www.mipox.co.jp) Name and Title of Representative: Jun Watanabe, President

More information

Overview of Business Results for the 2nd Quarter of Fiscal Year Ending March 31, 2012 (2Q FY2011)

Overview of Business Results for the 2nd Quarter of Fiscal Year Ending March 31, 2012 (2Q FY2011) November 8, 2011 Overview of Business Results for the 2nd Quarter of Fiscal Year Ending March 31, 2012 () Name of the company: Iwatani Corporation Share traded: TSE, OSE, and NSE first sections Company

More information

SUMMARY OF CONSOLIDATED BUSINESS RESULTS for the nine months ended December 31, 2012

SUMMARY OF CONSOLIDATED BUSINESS RESULTS for the nine months ended December 31, 2012 SUMMARY OF CONSOLIDATED BUSINESS RESULTS for the nine months ended December 31, 2012 February 8, 2013 ARRK Corporation 2-2-9 Minami Hommachi, Chuo-ku, Osaka, 541-0054, JAPAN 1. Consolidated financial results

More information

ICAP GROUP S.A. FINANCIAL RATIOS EXPLANATION

ICAP GROUP S.A. FINANCIAL RATIOS EXPLANATION ICAP GROUP S.A. FINANCIAL RATIOS EXPLANATION OCTOBER 2006 Table of Contents 1. INTRODUCTION... 3 2. FINANCIAL RATIOS FOR COMPANIES (INDUSTRY - COMMERCE - SERVICES) 4 2.1 Profitability Ratios...4 2.2 Viability

More information

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Japan Airlines Corporation and Consolidated Subsidiaries Japan Airlines System Corporation, the holding company of the JAL group, was renamed Japan Airlines Corporation

More information

A&W Food Services of Canada Inc. Consolidated Financial Statements December 30, 2012 and January 1, 2012 (in thousands of dollars)

A&W Food Services of Canada Inc. Consolidated Financial Statements December 30, 2012 and January 1, 2012 (in thousands of dollars) A&W Food Services of Canada Inc. Consolidated Financial Statements December 30, and January 1, (in thousands of dollars) February 12, 2013 Independent Auditor s Report To the Shareholders of A&W Food Services

More information

KYODO PRINTING CO., LTD. and Consolidated Subsidiaries

KYODO PRINTING CO., LTD. and Consolidated Subsidiaries KYODO PRINTING CO., LTD. and Consolidated Subsidiaries Interim Consolidated Financial Statements (Unaudited) for the, Interim Consolidated Balance Sheets, as compared with March 31, (Unaudited) ASSETS,

More information

SALADA FOODS JAMAICA LIMITED

SALADA FOODS JAMAICA LIMITED AUDITED ACCOUNTS TO STOCKHOLDERS The Directors are pleased to present the Audited Accounts of the Company for the year ended September 30, 2005. Turnover of $269 million reflects an increase of $20 million

More information

The Awa Bank, Ltd. Consolidated Financial Statements. The Awa Bank, Ltd. and its Consolidated Subsidiaries. Years ended March 31, 2011 and 2012

The Awa Bank, Ltd. Consolidated Financial Statements. The Awa Bank, Ltd. and its Consolidated Subsidiaries. Years ended March 31, 2011 and 2012 The Awa Bank, Ltd. Consolidated Financial Statements Years ended March 31, 2011 and 2012 Consolidated Balance Sheets (Note 1) 2011 2012 2012 Assets Cash and due from banks (Notes 3 and 4) \ 230,831 \

More information

SANYO TRADING COMPANY LIMITED. Financial Statements

SANYO TRADING COMPANY LIMITED. Financial Statements Financial Statements Year Ended September 30, 2014 English translation from original Japanese-language documents Balance Sheets As of September 30, 2014 ASSETS Current Assets Cash and deposits US$ 18,509,007

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

Ricoh Company, Ltd. INTERIM REPORT (Non consolidated. Half year ended September 30, 2000)

Ricoh Company, Ltd. INTERIM REPORT (Non consolidated. Half year ended September 30, 2000) Ricoh Company, Ltd. INTERIM REPORT (Non consolidated. Half year ended September 30, 2000) *Date of approval for the financial results for the half year ended September 30, 2000, at the Board of Directors'

More information

(5) Notes Regarding Going Concern Assumptions. (6) Basis of presenting consolidated financial statements. None. [1] Scope of consolidation

(5) Notes Regarding Going Concern Assumptions. (6) Basis of presenting consolidated financial statements. None. [1] Scope of consolidation (5) Notes Regarding Going Concern Assumptions None. (6) Basis of presenting consolidated financial statements [1] Scope of consolidation 1) Number of consolidated subsidiaries: 92 Principal consolidated

More information

FINANCIAL STATEMENT 2010

FINANCIAL STATEMENT 2010 FINANCIAL STATEMENT 2010 CONTENTS Independent Auditors Report------------------------------ 2 Consolidated Balance Sheets ------------------------------ 3 Consolidated Statements of Operations ----------------

More information

The 14th Ordinary General Meeting of Shareholders Matters for Internet Disclosure

The 14th Ordinary General Meeting of Shareholders Matters for Internet Disclosure To Shareholders The 14th Ordinary General Meeting of Shareholders Matters for Internet Disclosure The 14th Business Period from April 1, 2015 to March 31, 2016 Notes to Consolidated Financial Statements

More information

Organización Soriana S.A. de C.V. y Subsidiarias. Informe Anual AnnualReport. Estados Financieros. Financial Statements

Organización Soriana S.A. de C.V. y Subsidiarias. Informe Anual AnnualReport. Estados Financieros. Financial Statements Organización Soriana S.A. de C.V. y Subsidiarias Informe Anual AnnualReport 2 0 0 0 Estados Financieros Financial Statements 19 ÍNDICE INDEX Informe del Comisario Report of Shareholder Examiner 22 Informe

More information

SAMPLE XYZ Contracting Corporation Financial Statements December 31, 20XX

SAMPLE XYZ Contracting Corporation Financial Statements December 31, 20XX Name SAMPLE Financial Statements December 31, 20XX CPA Accounting Firm Name Table of Contents Page Accountant s Review Report 1 Financial Statements Balance Sheet 2 Income Statement 3 Schedule of General

More information

Cash is King. cash flow is less likely to be affected

Cash is King. cash flow is less likely to be affected Reading 27: Understanding Cash Flow Statements Relevance of Cash Flow The primary purpose of the statement of cash flows (SCF) is to provide: Info about a firm s cash receipts & cash payments during an

More information

ACER INCORPORATED AND SUBSIDIARIES. Consolidated Balance Sheets

ACER INCORPORATED AND SUBSIDIARIES. Consolidated Balance Sheets Consolidated Balance Sheets June 30, 2015, December 31, 2014, and (June 30, 2015 and 2014 are reviewed, not audited) Assets 2015.6.30 2014.12.31 2014.6.30 Current assets: Cash and cash equivalents $ 36,400,657

More information

Notes to Consolidated Financial Statements Year ended March 31, 2014

Notes to Consolidated Financial Statements Year ended March 31, 2014 Notes to Consolidated Financial Statements Year ended March 31, 2014 Mitsui Oil Exploration Co., Ltd. and Consolidated Subsidiaries 1. Basis of Presenting Consolidated Financial Statements The accompanying

More information

Japan Vilene Company, Ltd. and Subsidiaries

Japan Vilene Company, Ltd. and Subsidiaries - 27 - Japan Vilene Company, Ltd. and Subsidiaries Notes to Consolidated Financial Statements Year Ended March 31, 2015 1. BASIS OF PRESENTATION OF CONSOLIDATED FINANCIAL STATEMENTS The accompanying consolidated

More information

Scott s Real Estate Investment Trust. Interim Consolidated Financial Statements (Unaudited) March 31, 2009 and 2008

Scott s Real Estate Investment Trust. Interim Consolidated Financial Statements (Unaudited) March 31, 2009 and 2008 Interim Consolidated Financial Statements March 31, and Interim Consolidated Balance Sheets (in thousands of dollars) Assets March 31, December 31, Income-producing properties (note 3) 172,404 174,135

More information

FLEET MANAGEMENT SOLUTIONS INC.

FLEET MANAGEMENT SOLUTIONS INC. FLEET MANAGEMENT SOLUTIONS INC. (Formerly: Silverton Mining Corp.) CONSOLIDATED FINANCIAL STATEMENTS (unaudited prepared by management) March 31, 2013 (Expressed in US Dollars) 1 FLEET MANAGEMENT SOLUTIONS

More information

STATE OF FLORIDA DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION. BALANCE SHEET As of

STATE OF FLORIDA DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION. BALANCE SHEET As of STATE OF FLORIDA DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION BALANCE SHEET As of ASSETS CURRENT ASSETS Cash and Cash Equivalents Cash - Restricted Accounts Receivable - Trade Accounts Receivable

More information

Consolidated Financial Statements (For the fiscal year ended March 31, 2013)

Consolidated Financial Statements (For the fiscal year ended March 31, 2013) Consolidated Financial Statements (For the fiscal year ended ) Consolidated Balance Sheets Current assets: Cash and deposits Other Assets Notes receivable, accounts receivable from completed construction

More information

Consolidated Financial Statements

Consolidated Financial Statements Consolidated Financial Statements MODEC, INC. and Consolidated Subsidiaries For the Years ended December 31, 2013 and 2012 Together with Independent Auditor s Report MODEC, INC. and Consolidated Subsidiaries

More information

Interim Consolidated Financial Statements (Unaudited)

Interim Consolidated Financial Statements (Unaudited) Interim Consolidated Financial Statements (Unaudited) For the Six Months Ended, NTT FINANCE CORPORATION This document has been translated and reclassified from a part of the Japanese

More information

Consolidated Financial Report 2009

Consolidated Financial Report 2009 Consolidated Financial Report 2009 Fiscal year ended March 31, 2009 Management's Discussion and Analysis Forward-looking statements in this document represent the best judgment of the Kagome Group as of

More information

GAZIT-GLOBE (1982) LTD. FINANCIAL STATEMENTS AS OF DECEMBER 31, 2002 ADJUSTED TO THE NIS OF DECEMBER 2002 INDEX. Auditors' Report 2

GAZIT-GLOBE (1982) LTD. FINANCIAL STATEMENTS AS OF DECEMBER 31, 2002 ADJUSTED TO THE NIS OF DECEMBER 2002 INDEX. Auditors' Report 2 FINANCIAL STATEMENTS AS OF DECEMBER 31, 2002 ADJUSTED TO THE NIS OF DECEMBER 2002 INDEX Page Auditors' Report 2 Balance Sheets - Consolidated and the Company 3-6 Statements of Income - Consolidated and

More information

Abbey plc ( Abbey or the Company ) Interim Statement for the six months ended 31 October 2007

Abbey plc ( Abbey or the Company ) Interim Statement for the six months ended 31 October 2007 Abbey plc ( Abbey or the Company ) Interim Statement for the six months ended 31 October 2007 The Board of Abbey plc reports a profit before taxation of 18.20m which compares with a profit of 22.57m for

More information

5N PLUS INC. Condensed Interim Consolidated Financial Statements (Unaudited) For the three month periods ended March 31, 2016 and 2015 (in thousands

5N PLUS INC. Condensed Interim Consolidated Financial Statements (Unaudited) For the three month periods ended March 31, 2016 and 2015 (in thousands Condensed Interim Consolidated Financial Statements (Unaudited) (in thousands of United States dollars) Condensed Interim Consolidated Statements of Financial Position (in thousands of United States dollars)

More information

Consolidated Summary Report <under Japanese GAAP>

Consolidated Summary Report <under Japanese GAAP> Consolidated Summary Report for the three months ended June 30, 2014 July 31, 2014 Company name: Mitsubishi UFJ Financial Group, Inc. Stock exchange listings: Tokyo, Nagoya, New York

More information

C O N T E N T S. Balances Sheets at 31 December 2008 and 2007 2. Income Statements for the years ended 31 December 2008 and 2007 4

C O N T E N T S. Balances Sheets at 31 December 2008 and 2007 2. Income Statements for the years ended 31 December 2008 and 2007 4 C O N T E N T S Page Balances Sheets at 31 December 2008 and 2007 2 Income Statements for the years ended 31 December 2008 and 2007 4 Statements of Changes in Equity for the years ended 31 December 2008

More information

Caixa Econômica Federal - CAIXA Financial Statements at December 31, 2008 and 2007 and Report of Independent Auditors

Caixa Econômica Federal - CAIXA Financial Statements at December 31, 2008 and 2007 and Report of Independent Auditors (A free translation of the original in Portuguese) Caixa Econômica Federal - CAIXA Financial Statements and Report of Independent Auditors (A free translation of the original in Portuguese) Report of Independent

More information

Consolidated Statement of Financial Position Sumitomo Corporation and Subsidiaries As of March 31, 2016 and 2015. Millions of U.S.

Consolidated Statement of Financial Position Sumitomo Corporation and Subsidiaries As of March 31, 2016 and 2015. Millions of U.S. Consolidated Statement of Financial Position Sumitomo Corporation and Subsidiaries As of March 31, 2016 and 2015 ASSETS Current assets: Cash and cash equivalents 868,755 895,875 $ 7,757 Time deposits 11,930

More information

www.fondsftq.com FINANCIAL STATEMENTS A S AT M AY 3 1, 2 0 1 1 A N D 2 0 1 0

www.fondsftq.com FINANCIAL STATEMENTS A S AT M AY 3 1, 2 0 1 1 A N D 2 0 1 0 www.fondsftq.com FINANCIAL STATEMENTS A S AT M AY 3 1, 2 0 1 1 A N D 2 0 1 0 INDEPENDENT AUDITORS REPORT To the Shareholders of the Fonds de solidarité des travailleurs du Québec (F.T.Q.) We have audited

More information

INDICE Preface Part 1 the accounting cycle 1 Accounting, the language of business What is accounting?

INDICE Preface Part 1 the accounting cycle 1 Accounting, the language of business What is accounting? INDICE Preface XV Part 1 the accounting cycle 1 Accounting, the language of business 2 What is accounting? The purpose and nature and accounting information, creating accounting information. Communicating

More information

INGENICO GROUP Consolidated Financial Statements

INGENICO GROUP Consolidated Financial Statements INGENICO GROUP Consolidated Financial Statements December 31, 2014 Ingenico Consolidated Financial Statements December 31, 2014 I. CONSOLIDATED INCOME STATEMENTS For the years ended December 31, 2014 and

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

JALUX Inc. and Consolidated Subsidiaries. Notes to Consolidated Financial Statements

JALUX Inc. and Consolidated Subsidiaries. Notes to Consolidated Financial Statements JALUX Inc. and Consolidated Subsidiaries Notes to Consolidated Financial Statements March 31, 2010 1. Summary of Significant Accounting Policies a. Basis of preparation JALUX Inc. (the Company ) and its

More information

Review of the Accounting Process THE BASIC MODEL

Review of the Accounting Process THE BASIC MODEL THE BASIC MODEL The accounting information system is designed to collect and organize data into information that is useful for stakeholders. The Accounting Equation The basic accounting equation is what

More information

Chapter 21 The Statement of Cash Flows Revisited

Chapter 21 The Statement of Cash Flows Revisited Chapter 21 The Statement of Cash Flows Revisited AACSB assurance of learning standards in accounting and business education require documentation of outcomes assessment. Although schools, departments,

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

Financial Statements

Financial Statements ATB INSURANCE ADVISORS INC. Financial Statements Year Ended March 31, 2015 Independent Auditor s Report.... 442 Statement of Financial Position..................... 443 Statement of Changes in Equity....

More information

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

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (For consolidated balance sheets) (As of March 31, 2007) (As of March 31, 2008) 1. *1 Accumulated depreciation of property, plant and equipment 4,349,349 The

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

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

EXPLANATORY NOTES. 1. Summary of accounting policies

EXPLANATORY NOTES. 1. Summary of accounting policies 1. Summary of accounting policies Reporting Entity Taranaki Regional Council is a regional local authority governed by the Local Government Act 2002. The Taranaki Regional Council group (TRC) consists

More information

RULES ON THE CHART OF ACCOUNTS AND THE CONTENTS OF ACCOUNTS IN THE CHART OF ACCOUNTS FOR BANKS

RULES ON THE CHART OF ACCOUNTS AND THE CONTENTS OF ACCOUNTS IN THE CHART OF ACCOUNTS FOR BANKS Outsourced translation Official Gazette of RS, Nos 98/2007, 57/2008 and 3/2009 Pursuant to Article 15, paragraph 2, item 2 of the Accounting and Auditing Law (Official Gazette of RS, No. 46/2006), the

More information

FINANCIAL SUMMARY. (All financial information has been prepared in accordance with U.S. generally accepted accounting principles)

FINANCIAL SUMMARY. (All financial information has been prepared in accordance with U.S. generally accepted accounting principles) FINANCIAL SUMMARY FY2015 First Quarter (April 1, 2014 through June 30, 2014) English translation from the original Japanese-language document TOYOTA MOTOR CORPORATION FY2015 First Quarter Consolidated

More information

FINANCIAL STATEMENTS. As at May 31, 2013 and 2012

FINANCIAL STATEMENTS. As at May 31, 2013 and 2012 FINANCIAL STATEMENTS As at May 31, 2013 and 2012 INDEPENDENT AUDITORS REPORT To the Shareholders of the Fonds de solidarité des travailleurs du Québec (F.T.Q.) We have audited the accompanying financial

More information

1-3Q of FY2014 87.43 78.77 1-3Q of FY2013 74.47 51.74

1-3Q of FY2014 87.43 78.77 1-3Q of FY2013 74.47 51.74 January 30, 2015 Resona Holdings, Inc. Consolidated Financial Results for the Third Quarter of Fiscal Year 2014 (Nine months ended December 31, 2014/Unaudited) Code number: 8308 Stock

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

RENAR MAÇÃS S/A. Demonstrações Financeiras de Acordo com Padrões Internacionais IFRS. Contendo todos os anexos.

RENAR MAÇÃS S/A. Demonstrações Financeiras de Acordo com Padrões Internacionais IFRS. Contendo todos os anexos. DataBase31/12/2007 RENAR MAÇÃS S/A Demonstrações Financeiras de Acordo com Padrões Internacionais IFRS Contendo todos os anexos. Obs. Todos os dados estão auditados. Fraiburgo (SC), 30 de abril de 2008.

More information

Telecom Italia Capital Société Anonyme 12, rue Eugène Ruppert L-2453 Luxembourg. R.C.S. Luxembourg B 77.970

Telecom Italia Capital Société Anonyme 12, rue Eugène Ruppert L-2453 Luxembourg. R.C.S. Luxembourg B 77.970 12, rue Eugène Ruppert L-2453 Luxembourg R.C.S. Luxembourg B 77.970 Audited Annual Accounts as at December 31, 2014, which have been authorized by the Board of Directors held on February 27, 2015 Table

More information

Transition to International Financial Reporting Standards

Transition to International Financial Reporting Standards Transition to International Financial Reporting Standards Topps Tiles Plc In accordance with IFRS 1, First-time adoption of International Financial Reporting Standards ( IFRS ), Topps Tiles Plc, ( Topps

More information

Financial Statements

Financial Statements ATB INVESTMENT MANAGEMENT INC. Financial Statements Year Ended March 31, 2015 Independent Auditor s Report.... 462 Statement of Financial Position.... 464 Statement of Changes in Equity... 465 Statement

More information

Investments and Other Assets: Investment Securities 11,145 10,339 135,694 Investments in Unconsolidated Subsidiaries and Associated Companies

Investments and Other Assets: Investment Securities 11,145 10,339 135,694 Investments in Unconsolidated Subsidiaries and Associated Companies Consolidated Balance Sheets IBJ Leasing Company, Limited and Consolidated Subsidiaries As of March 31, 2012 and 2011 Millions of yen Thousands of U.S. dollars (Note 1) ASSETS Current Assets: Cash and Cash

More information

2-8. Identify whether each of the following items increases or decreases cash flow:

2-8. Identify whether each of the following items increases or decreases cash flow: Problems 2-8. Identify whether each of the following items increases or decreases cash flow: Increase in accounts receivable Increase in notes payable Depreciation expense Increase in investments Decrease

More information

SAMPLE CONSTRUCTION COMPANY. FINANCIAL STATEMENT AND SUPPLENTARY INFORMANTION For the Year Ended December 31, 2011

SAMPLE CONSTRUCTION COMPANY. FINANCIAL STATEMENT AND SUPPLENTARY INFORMANTION For the Year Ended December 31, 2011 FINANCIAL STATEMENT AND SUPPLENTARY INFORMANTION For the Year Ended December 31, 2011 The financial statement, prepared by an independent Certified Public Accountant, is essential for bonding purposes.

More information

Notes to Consolidated Balance Sheet

Notes to Consolidated Balance Sheet Notes to Consolidated Balance Sheet 1. Amounts less than one million yen have been omitted. 2. Standards for recognition and measurement of trading assets and liabilities are as follows: Recognition: Trading

More information

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTES TO CONSOLIDATED FINANCIAL STATEMENTS KANEKA CORPORATION AND CONSOLIDATED SUBSIDIARIES 1. BASIS OF PRESENTING CONSOLIDATED FINANCIAL STATEMENTS Kaneka Corporation (the Company ) and its consolidated

More information

CAPITAL GROUP CENTRUM NOWOCZESNYCH TECHNOLOGII SPÓŁKA AKCYJNA

CAPITAL GROUP CENTRUM NOWOCZESNYCH TECHNOLOGII SPÓŁKA AKCYJNA CAPITAL GROUP CENTRUM NOWOCZESNYCH TECHNOLOGII SPÓŁKA AKCYJNA MID-YEAR CONDENSED CONSOLIDATED FINANCIAL STATEMENT OF THE CAPITAL GROUP CNT S.A. AND MID-YEAR CONDENSED SEPARATE FINANCIAL STATEMENT OF CNT

More information

Example Directors' Report, Auditor's Report and Illustrative Financial Statements for Private Entities prepared in accordance with the HKFRS for

Example Directors' Report, Auditor's Report and Illustrative Financial Statements for Private Entities prepared in accordance with the HKFRS for Example Directors' Report, Auditor's Report and Illustrative Financial Statements for Private Entities prepared in accordance with the HKFRS for Private Entities (with Hong Kong Companies Ordinance disclosures)

More information

Items Disclosed via the Internet Concerning the Notice of. Convocation of the 117th Annual General Meeting of Shareholders

Items Disclosed via the Internet Concerning the Notice of. Convocation of the 117th Annual General Meeting of Shareholders To our shareholders: Items Disclosed via the Internet Concerning the Notice of Convocation of the 117th Annual General Meeting of Shareholders Notes to Consolidated Financial Statements Notes to Non-consolidated

More information

Consolidated financial statements 2012

Consolidated financial statements 2012 Consolidated financial statements 2012 Page 1 4.2 Consolidated financial statements 4.2.1 Consolidated income statement ( million) 2012 2011 Revenues (note 4) 41,270 42,628 Cost of goods and services sold

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

462 IBN18 (MAURITIUS) LIMITED. IBN18 (Mauritius) Limited

462 IBN18 (MAURITIUS) LIMITED. IBN18 (Mauritius) Limited 462 IBN18 (MAURITIUS) LIMITED IBN18 (Mauritius) Limited IBN18 (MAURITIUS) LIMITED 463 Independent Auditors Report Independent Auditors Report to the member of IBN18 (Mauritius) Limited Report on the Financial

More information