BEFORE THE U.S. DEPARTMENT OF TRANSPORTATION WASHINGTON, D.C.

Size: px
Start display at page:

Download "BEFORE THE U.S. DEPARTMENT OF TRANSPORTATION WASHINGTON, D.C."

Transcription

1 BEFORE THE U.S. DEPARTMENT OF TRANSPORTATION WASHINGTON, D.C. ) Application of ) ) KUZU AIRLINES CARGO A.Ş. ) ) Docket OST for an amended Foreign Air Carrier Permit ) pursuant to 49 U.S.C ) ) APPLICATION OF KUZU HAVAYOLLARІ KARGO TAŞІMACІLІK A.Ş. FOR AN AMENDED FOREIGN AIR CARRIER PERMIT Communications with respect to this document should be sent to: Joanne W. Young David M. Kirstein Kirstein & Young, PLLC 1750 K Street, N.W. Suite 200 Washington, D.C (202) (telephone) (202) (facsimile) Counsel for ULS HAVAYOLLARІ KARGO TAŞІMACІLІK A.Ş. June 3, 2010 Notice: Answers supporting or opposing this application must be filed with the Department and served upon persons listed above by June 17, 2010.

2 BEFORE THE U.S. DEPARTMENT OF TRANSPORTATION WASHINGTON, D.C. ) Application of ) ) KUZU AIRLINES CARGO A.Ş. ) ) Docket OST for an amended Foreign Air Carrier Permit ) pursuant to 49 U.S.C ) ) APPLICATION OF KUZU HAVAYOLLARІ KARGO TAŞІMACІLІK A.Ş. FOR AN AMENDED FOREIGN AIR CARRIER PERMIT Pursuant to 49 U.S.C , and 41301, Sections and of the Department s regulations, Kuzu Havayollari Kargo Taşimacilik A.Ş.( Kuzu ) requests that the Department issue an amended Foreign Air Carrier Permit to reissue its current charter authority in the name of ULS Havayolları Kargo Taşımacılık A.Ş. ( ULS Airlines Cargo or ULS ). The name change is a result of the sale of Kuzu to new owners as described below. Kuzu s foreign air carrier permit was originally issued by Order , February 8, Kuzu/ULS respectfully requests expedited approval of this application. In support of this Application, ULS Airlines Cargo states as follows: 1. ULS is a corporation organized and existing under the laws of the Turkish Republic. The full name and address of the head office of the applicant is: ULS Havayolları Kargo Taşımacılık A.Ş. Çobançeşme Mevkii 29 Ekim Cad. No: 16 Yenibosna İstanbul, Turkey

3 Application of KUZU for an Amended Foreign Air Carrier Permit Docket OST Page 2 of 4 Phone: +90 (212) Fax: +90 (212) info@uls-global.com 2. The competent Turkish air transport authority having regulatory jurisdiction over ULS Airlines Cargo is the Ministry of Transportation Directorate General of Civil Aviation ( DGCA ), which is located at: Sivil Havacılık Genel Müdürlüğü Bosna Hersek Cad. No: Emek Ankara, Turkey Tel: +90 (312) Fax: +90 (312) On May 21, 2009, Kuzu changed its name to ULS Airlines Cargo. The carrier is incorporated and has its principal place of business in Istanbul, Turkey. ULS currently has 220 employees and operates full charter, wet lease, and scheduled operations with a fleet of four A300-B4 and three A freighters. 4. In granting a Foreign Air Carrier Permit to Kuzu, the Department found that the carrier had demonstrated financial, managerial, and operational fitness to perform foreign air transportation between the United States and Turkey. There have been no material changes that would affect those prior fitness findings. 5. ULS is a national of Turkey and does not receive any financial assistance from the Government of Turkey. The voting shares in the Company are owned as follows: Turkish Citizens İsmail Karaarslan 21 percent Cebrail Karaarslan 28 percent

4 Application of KUZU for an Amended Foreign Air Carrier Permit Docket OST Page 3 of 4 Fatih Ünal Yurdakul 1.5 percent Russian Citizens Valery Benaguev 25 percent Khanun Benaguev 23.9 percent. The shareholders constitute the Board of Directors and they have no interest in other U.S. or foreign air carriers, common carriers, or companies engaged in the business of aeronautics. Mrs. and Mr. Benaguev are Russian citizens. 6. Turkish DGCA re-issued Air Operational Certificate ( AOC ) is attached as Exhibit A. ULS will renew the AOC prior to its expiration on November 5, ULS s application is supported by the U.S.-Turkey Open Skies Air Transport Agreement, signed in Washington March 22, ULS will continue to conform to the statutory provisions and to the Department s rules, regulations, and requirements and will accept and abide by all the terms, conditions, and limitations the Department normally attaches to the Foreign Air Carrier Permit. 9. The carrier has not been involved in any safety or traffic violations, and it has not been involved in any fatal accidents, during the five years preceding this application. as Exhibit B. 10. Company financials for the two most recent available years are attached 11. ULS is subject to the safety and operational rules of the Government of the Turkish Republic. Turkey is a contracting party to the Convention on International

5 Application of KUZU for an Amended Foreign Air Carrier Permit Docket OST Page 4 of 4 Civil Aviation ( ICAO ) and observes all applicable ICAO standards. ULS s maintenance programs continue to comply with ICAO Annexes 1, 6 (Part I), and 7. WHEREFORE, Kuzu respectfully requests that the Department issue an amended Foreign Air Carrier Permit in the name of ULS Airlines Cargo and such other relief as it may find to be in the public interest to reflect its current name and ownership. Respectfully submitted, Joanne W. Young David M. Kirstein Kirstein & Young, PLLC 1750 K Street, N.W. Suite 200 Washington, D.C (202) (telephone) (202) (facsimile) Counsel for ULS HAVAYOLLARІ KARGO TAŞІMACІLІK A.Ş June 3, 2010

6 CERTIFICATE OF SERVICE I hereby certify that I have this 3 rd day of June, 2010, served the following Application for an Amended Foreign Air Carrier Permit by on the following persons. carl.nelson@aa.com hershel.kamen@coair.com dan.weiss@coair.com bkeiner@crowell.com lhalloway@crowell.com scott.mcclain@delta.com sametta.c.barnett@delta.com sascha.vanderbellen@delta.com dvaughan@kelleydrye.com jeffrey.manley@united.com bruce.rabinovitz@wilmerhale.com howard_kass@usairways.com nssparks@fedex.com mlbenge@zsrlaw.com slachter@lachter-clements.com msinick@ssd.com cdonley@ssd.com jrichardson@johnlrichardson.com rsilverberg@sgbdc.com rpommer@atlasair.com kevin.montgomery@polaraircargo.com mroller@rollerbauer.com matwood@sherblackwell.com efaberman@wileyrein.com byerlyjr@state.gov john.allen@faa.gov Nury A. Turkel

7 ULS - Exhibit A Page 1 of 3

8 ULS - Exhibit A Page 2 of 3

9 ULS - Exhibit A Page 3 of 3

10 ULS - Exhibits B Page 1 of 13 ULS AIRLINES CARGO DETAILED BALANCE SHEET (US Dollars) CURRENT PERIOD ASSETS 31/12/2008 I. CURRENT ASSETS 11,572, A. Liquid Assets 2,203, Cash 147, Cheques Received 3. Banks 2,055, Cheques Given and Payment Orders (-) 5. Other Liquid Assets B. Marketable Securities 1. Share Certificates 2. Private Sector Bonds and Notes 3. Public Sector Bonds and Notes 4. Other Marketable Securities 5. Provision for Decrease in Value of Marketable Securities (-) C. Trade Receivables 215, Customers 187, Notes Receivables 3. Rediscount on Notes Receivables (-) 4. Deposits and Guarantees Given 28, Other Commercial Receivables 6. Doubtful Trade Receivables 7. Provision for DoubtfulTrade Receivables (-) D. Other Receivables 35, Due from Shareholders 2. Due from Affiliates 3. Due from subsidiaries 4. Due from Personnel 5. Other Receivables 35, Rediscounts on Other Notes Receivable (-) 7. Other Doubtful Receivables 8. Provision for Other Doubtful Receivables (-) E. Inventories 8,037, Raw Material and Supplies 2. Semi - finished Goods in Production 3. Finished Goods 4. Merchandise 5. Technic Invertories 7,884, Other Inventories 7. Provision for Inventories (-) 8. Advances Given For Purchases 152,750.00

11 ULS - Exhibits B Page 2 of 13 F. Contract Progress Costs 1. Contract Progress Costs 2.Advances Given to Sub-Contractors G. Prepaid Expenses and Income Accruals 1. Prepaid Expenses for Future Months 2. Income Accruals H. Other Current Assets 1,080, Deferred VAT 2. Deductible VAT 3. Other VAT 4. Prepaid Taxes and Funds 661, Work Advances 110, Advances to Personnel 99, Inventory Shortages 8. Other Current Assets 9. Provision for Other Current Assets (-) TOTAL OF CURRENT ASSETS II. LONG TERM ASSETS 34,567, A. Trade Receivables 6,271, Customers 2. Notes Receivables 3. Rediscount on Notes Receivables (-) 4. Deposits and Guarantees Given 6,271, Provision for Doubtful Receivables (-) B. Other Receivables 1. Due from Shareholders 2. Due from Affiliates 3. Due from subsidiaries 4. Due from Personnel 5. Other Receivables 6. Rediscounts on Other Notes Receivable (-) 7. Provision for Other Doubtful Receivables (-) C. Financial Fixed Assets 1. Long Term Securities 2. Decrease in Value of Securities (-) 3. Affiliates 4. Capital Commitments for Affiliates (-) 5. Decrease in Value of Affiliates Shares (-) 6. Subsidiaries 7. Capital Commitments for Subsidiaries (-) 8. Decrease in Value of Subsidiaries Shares 9. Other Financial Fixed Assets 10. Decrease in Value of Other Financial Fixed Assets (-) D. Tangible Fixed Assets 23,165, Land 2. Land Improvements 3. Buildings

12 ULS - Exhibits B Page 3 of Plant, Machinery and Equipment 10,447, Motor Vehicles 22,275, Furniture and Fixtures 656, Other Tangible Fixed Assets 8. Accumulated Depreciation (-) -11,976, Construction in Progress 1,763, Advances Given E. Intangible Assets 217, Rights 201, Goodwill 3. Establishment and Formation Expenses 3, Research and Development Expenses 5. Special Cost 489, Other Intangible Fixed Assets 7. Accumulated Amortization (-) -478, Advances to Suppliers F. Assets Subject to Amortization 1. Exploration / Research Expenses 2. Preparation and Development Expenses 3. Other Amortizable Assets 4. Accumulated Amortization (-) 5. Advances to Suppliers G. Prepaid Expenses and Accrued Income 4,913, Prepaid Expenses for Future Years 4,913, Income Accruals H. Other Fixed Assets 1. Deductible VAT In Future Years 2. Other VAT 3. Inventories for Future Years 4. Inventories and Tangible Fixed Assets to be Sold 5. Prepaid Expenses and Funds 6. Other Fixed Assets 7. Decrease in Value of Stocks (-) 8. Accumulated Depreciation (-) TOTAL OF ASSETS 46,139, CURRENT PERIOD LIABILITIES 31/12/2008 I. SHORT TERM LIABILITIES 10,905, A. Financial Liabilities 1. Bank Loans 2.Financial Leasing Liabilitties 3.Deferred Financial Leasing Liabilitties 2. Current Maturities of Long Term Credits and Accrued Interest 3. Current Maturities of Bonds and Accrued Interest 4. Bonds and Notes Issued 5. Other Securities Issued

13 ULS - Exhibits B Page 4 of Other Difference of Securities Issued (-) 7. Other Financial Liabilities B. Trade Payables 8,739, Suppliers 8,088, Notes Payables 3. Rediscount on Notes Payables (-) 4. Deposits and Guarantees Received 521, Other Trade Payables 128, C. Other Liabilities 24, Due to Shareholders 2. Due to Affiliates 3. Due to subsidiaries 4. Due to Personnel 5. Other Liabilities 24, Rediscounts on Other Notes Payable (-) D. Advances Received 894, Advances From Customers 894, Other Advances Received E. Contract Progress Income 1. Contract Progress Income F. Taxes Payable and Other Fiscal Liabilities 612, Taxes and Funds Payable 317, Social Security Withholdings Payable 294, Overdue, Deferred or Restructured Taxes and Other Fiscal Liabilities 4. Other Fiscal Liabilities Payable G. Provisions for Liabilities and Expenses 489, Provisions for Income Taxes and Other Legal Liabilities on Profit (-) 2.Prepaid Income Taxes and Other Legal Liabilities on Profit (-) 3. Provisions for Termination Indemnities 4.Reserve For Costs 489, Provisions for Other Debts and Liabilities H. Income Relating to Future Months and Expense Accruals 145, Income Relating to Future Months 2. Expense Accruals 145, I. Other Short Term Liabilities 1.Collected VAT 2. Other VAT 3.Head Office And Branch Current Accounts 4. Inventory Overages 5 Other Short Term Liabilities TOTAL OF SHORT TERM EXTERNAL RESOURCES 10,905, II. LONG TERM LIABILITIES 12,852, A. Financial Liabilities 12,015, Bank Loans 1,220, Long Term Other Financial Liabilitties 12,148, Deferred Financial Leasing Liabilitties -1,353, Bonds Issued

14 ULS - Exhibits B Page 5 of 13 5.Other Securities Issued 6.Value Differences of Securities Issued (-) 7.Other Financial Liabilities B. Trade Payables 7, Suppliers 2. Notes Payable 7, Rediscount on Notes Payables (-) 4. Deposits and Guarantees Received 5. Other Trade Payables C. Other Liabilities 829, Due to Shareholders 2. Due to Affiliates 3. Due to subsidiaries 4. Other Payables 829, Rediscounts on Other Notes Payable (-) 6. Debts to the Public Sector, Deferred or Payable by Installments D. Advances Received 1.Advances From Customers 2.Other Advances Received E. Provisions for Debts Expenses 1. Provisions for Termination Indemnities 2. Provisions for Other Debts and Expenses F. Income Relating to Future Periods and Expense Accruals 1. Income Relating to Future Periods 2. Expense Accruals G. Other Long Term Liabilities 1. VAT Deferred to Following Years 2. Lots of Participation to Installations 3. Other Long Term Liabilities TOTAL OF LONG TERM EXTERNAL RESOURCES 12,852, III. SHAREHOLDERS EQUITY 22,381, A. Paid -In Capital 9,848, Capital 9,848, Un - Paid Capital (-) 3. Pozitive Distinction From Share Capital (-) B. Capital Reserves 22,978, Share Premium 2. Share Premium of Canceled Shares 3. Revaluation Fund of Tangible Fixed Assets 4. Revaluation Fund of Investments 5. Other Capital Reserves 22,978, C. Profit Reserves 1. Legal Reserves 2. Statuary Reserves 3. Extraordinary Reserves 4. Other Reserves 5. Special Funds

15 D. Retained Earnings 994, ULS - Exhibits B Page 6 of Retained Earnings 994, E. Losses From Previous Years (-) -5,563, Losses From Previous Years (-) -5,563, F. Net Profit (Loss) For The Period -5,876, Net Profıt For The Perıod 2.Net Loss For The Perıod (-) -5,563, TOTAL EQUITY 22,381, TOTAL LIABILITIES 46,139, ULS AIRLINES CARGO S T A T E M E N T o f I N C O M E (US Dollars) CURRENT PERIOD 12/31/2008 A. GROSS SALES 46,139, Domestic Sales 422, Export Sales 42,192, Other Sales 0.00 B. SALES DEDUCTİONS (-) 23, Sales Returns (-) 23, Sales Discounts (-) Other Deductions (-) 0.00 C. NET SALES 42,591, D. COST OF SALES (-) 44,789, Cost of Products Sold (-) Cost of Merchandise Sold (-) Cost of Services Rendered (-) 44,789, Cost of Other Sales (-) 0.00 GROSS PROFIT OR (LOSS) -2,198, E. OPERATING EXPENSES (-) 4,917, Research and Development Expenses (-) Marketing, Selling and Distribution Expenses 249, General Administration Expenses (-) 4,667, OPERATİNG PROFİT OR (LOSS) -7,115, F. INCOME AND PROFIT FROM OTHER OPERATIONS 2,632, Dividend Income From Affiliates Dividend Income From Subsidiaries Interest Income 4, Commission Income Provisions no Longer Required Profit on Sale of Marketable Securities Profit From Foreign Currency Exchange 2,627, Rediscount Income Gains From Inflation Adjustments 0.00

16 10. Other Income and Profit 0.00 G. EXPENSES AND LOSSES FROM OTHER OPERATIONS (-) 9,529, Commission Expenses (-) 2,819, Provisions (-) Loss on Sale of Marketable Securities Loss From Foreign Currency Exchange 6,710, Rediscount Interest Expense (-) Loss From Inflation Adjustments (-) Other Ordinary Expenses and Loses (-) 0.00 H. FINANCIAL EXPENSES (-) 742, Short Term Borrowing Expenses (-) 742, Long Term Borrowing Expenses (-) 0.00 ORDINARY PROFIT OR (LOSS) -14,756, I. EXTRAORDINARY REVENUES AND PROFITS 9,325, Previous Period Revenues and Profits Other Extraordinary Revenues and 9,325, J. EXTRAORDINARY EXPENSES AND LOSES (-) 446, Idle Capacity Expenses and Losses (-) Previous Period Expenses and Losses (-) Other Extraordinary Expenses and Losses (-) 446, PROFIT OR (LOSS) FOR THE PERIOD -5,876, K. PROVISIONS FOR TAXES PAYABLE AND OTHER STATUARY OBLIGATIONS (-) 0.00 NET PROFİT OR (LOSS) FOR THE YEAR -5,876, ULS - Exhibits B Page 7 of 13

17 ULS - Exhibits B Page 8 of 13 ULS AIRLINES CARGO (US Dollars) DETAILED BALANCE SHEET CURRENT PERIOD 12/31/2009 CURRENT ASSETS 9,707, A - Liquid Assets 720, Cash and cash equivalents 74, Cheques Received Cash in Banks 646, Cheques Issued and Payment Orders (-) Other Liquid Assets 0.00 B - Marketable Securities Stocks Obligation Notes and Bonds of Private Sector Obligation Notes and Bonds of Public Sector Other Securities Special Allowance for Loss in the value of securities (-) 0.00 C- Short Term Trade Receivables 1,133, Customers 1,118, Notes Receivables Discount of Notes Receivables(-) Deposits and Gurantees Given 15, Other Commercial Receivables Doubtful Commercial Receivables Provision for Specific Doubtful Debts (-) 0.00 D- Other Short Term Receivables Due from Shareholders Due from Affiliates Due from Subsidiaries Due from Related Parties Due from Personnel Other Commercial Receivables Rediscount / Other Notes Receivables(-) Other Doubtful Receivables Provision for Other Doubtful Receivables(-) 0.00 E- Inventories 7,479, Raw Materials and Supplies Work in Progress Finished Goods Commercial Goods 6,791, Other Inventories Prov. for Decrease Value of Inventory(-) Advance Given for Purchases 687, F- Contract Progress Costs Contract Progress Costs Advances Given to Sub-Contractors 0.00 G- Prepaid Expenses and Income Accruals Prepaid Expenses for Future Months 0.00

18 2- Income Accruals 0.00 H- Other Current Assets 374, Deferred VAT 41, Deductible VAT Other VAT Prepaid Taxes and Funds 174, Work Advances 84, Advances to Personnel 74, Inventory Shortages Other Current Assets Provision for Other Current Assets (-) 0.00 ULS - Exhibits B Page 9 of 13 ULS AIRLINES CARGO (US Dollars) DETAILED BALANCE SHEET CURRENT PERIOD 12/31/2009 LONG TERM ASSETS 47,990, A- Long Term Trade Receivables 331, Customers Notes Receivables Rediscount on Notes Receivables(-) Deposits and Gurantees 331, Doubtful Receivables Provision for Doubtful Receivables(-) 0.00 B- Other Long Term Receivables Due from Shareholders Due from Equity Participations Due from Subsidiaries Due from Personel Long Term Other Receivables Rediscount on Other Notes Receivables(-) Provision for Other Doubtful Receivables(-) 0.00 C- Financial Assets Long - term securities Decrease on Value of Securities.(-) Affiliates Capital Commitment for Affiliates(-) Decreasse in Value of Affiliates Shares(-) Subsidiaries Capital Commitment for Subsidiaries(-) Decrease in Value of Subs.(-) Other Financial Fixed Assets 0.00 D- Tangible Fixed Assets 46,266, Land Land Improvements Buildings Machinary, Plant and Equipments 11,245, Vehicles 22,574, Furniture and Fixtures 428, Other Tangible Fixed Assets Accumulated Depreciation(-) (11,681,200.00)

19 ULS - Exhibits B Page 10 of Construction in Progress 2,935, Advances Given 20,763, E- Intangible Fixed Assets 394, Rights 274, Goodwill Establishment and Formation Expenses 3, Research and Development Costs Special Cost 483, Other Intangible Fixed Assets Accumulated Amortization (-) (368,330.00) 8- Advances to Suppliers 0.00 F- Assets Subject to Amortization Exploration / Research Expenses Preparation and Development Expenses Other Amortizable Assets Accumulated Amortization (-) Advances Given 0.00 G- Prepaid Expenses and Accrued Income 998, Prepaid Expenses for Future Years 998, Income Accruals 0.00 H- Other Fixed Assets Deductible VAT In Future Years Other VAT Inventories for Future Years Inventories and Tangible Fixed Ass.to be Sold Prepaid Expenses and Funds Other Fixed Assets Decrease in Value of Stocks (-) 0.00 TOTAL ASSETS ,698, ULS AIRLINES CARGO (US Dollars) DETAILED BALANCE SHEET CURRENT PERIOD 12/31/2009 LIABILITIES CURRENT LIABILITIES 8,933, A- Financial Liabilities 80, Bank Loans 80, Leasing Debt Leasing Debt interest.(-) Current Maturities of Long Term Credits and Accrued Interest Current Maturities of Bonds and Accrued Interest Bonds and Notes Issued Other Marketable securities issued Other Financial Liabilities 0.00 B- Trade Payables 7,635, Suppliers 6,264, Notes Payable 1,281, Rediscount on Notes Payable (-) Deposits and Guarantees Received (0.00) 5- Other Trade Payables 89,466.20

20 C- Other Short Term Payables 31, Due to Shareholders (0.00) 2- Due to Affiliates Due to Subsidiaries Due to Related Parties Due to Personel Other Liabilities 31, Rediscounts on Other Notes Payables (-) 0.00 D- Advances Received 196, , F- Taxes Payable and Other Fiscal Liabilities 190, Taxes and Funds Payable 108, Social Security Withholdings Payable 81, Overdue, Def.or Restr. Tax. and Oth. Fis.l Liab Other Fiscal Liabilities Payable 0.00 G- Provisions for Liabilities and Expenses Prov.for Inc.Tax.and Other Legal Liabilit.on Profit (-) Prepaid Income Tax.and Ot. Legal Lia.on Pr. (-) Provisions for Termination Indemnities Provisions for Other Debts and Liabilities 0.00 H- Income Relating to Future Months and Ex. Acc. 799, Income Relating to Future Months Expense Accruals 799, I- Other Short Term Liabilities Collected VAT Other VAT Inventory Overages Other Short Term Liabilities ULS - Exhibits B Page 11 of 13 ULS AIRLINES CARGO (US Dollars) DETAILED BALANCE SHEET CURRENT PERIOD 12/31/2009 LIABILITIES LONG TERM LIABILITIES 32,068, A- Financial Liabilities 7,171, Bank Loans Leasing Debt 7,754, Leasing Debt interest.(-) (583,527.00) 4- Other Financial Liabilities 0.00 B- Trade Payables 248, Suppliers Notes Payable Rediscount on Notes Payable (-) Deposits and Guarantees Received 248, Other Trade Payables 0.00 C- Other Long Term Payables 24,648, Due to Shareholders Due to Affiliates Due to Subsidiaries Due to Related Parties 0.00

21 5- Due to Personel 24,648, Other Liabilities 0.00 D- Advances Received E- Provisions for Debts Expenses 0.00 ULS - Exhibits B Page 12 of Provisions for Termination Indemnities Provisions for Other Debts and Expenses 0.00 F- Income Relating to Future Periods and Exp. Acc Income Relating to Future Periods Expense Accruals 0.00 G- Other Long Term Liabilities VAT Deferred to Following Years Lots of Participation to Installations Other Long Term Liabilities 0.00 SHAREHOLDERS' EQUITY ,695, A- Paid-In Capital 33,046, Capital 33,046, Un-Paid Capital Positive Variance of Capital Adjustment Negative Variance of Capital Adjustment 0.00 B- Capital Reserves Share Premium Share Premium of Canceled Shares Revaluation Fund of Tangible Fixed Assets Revaluation Fund of Investments Other Capital Reserves 0.00 C- Reserves 165, Legal Reserves Statutory Reserves Extraordinary Reserves Other Reserves Special Funds 165, D- Retained Earnings 1,001, ,001, E- Losses From Previous Years (-) (11,518,100.00) (11,518,100.00) F- Net Profit (Loss) For The Period (5,998,860.00) (5,998,860.00) TOTAL LIABILITES 57,698, ULS AIRLINES CARGO (US Dollars) DETAILED STATEMENT OF INCOME CURRENT PERIOD 12/31/2009 A- GROSS SALES 49,081, Domestic Sales 293, Export Sales 48,788, Others Sales 0.00 B- SALES DEDUCTIONS (-) (297,397.00) 1- Sales Returns (-) (297,397.00)

22 2- Sales Discounts (-) Other Deductions (-) 0.00 C- NET SALES 48,783, D- COST OF SALES (-) (51,046,900.00) ULS - Exhibits B Page 13 of Cost of Products Sold (-) Cost of Merchandise Sold (-) Cost of Services Rendered (-) (51,046,900.00) 4- Cost of Other Sales (-) 0.00 GROSS PROFIT 0.00 (2,263,100.00) E- OPERATING EXPENSES(-) (2,485,647.00) 1- Research and Development Expenses (-) Marketing Selling and Distribution Expenses (-) (377,517.00) 3- General Administrative Expenses (-) (2,108,130.00) PROFIT ON OPERATING ACTIVITIES 0.00 (4,748,747.00) (3,138,510.00) F- OTHER OPERATING INCOME 1,735, Dividend Income from Affiliates Dividend Income from Subsidiaries Interest and Other Dividend Income 4, Commission Income Provisions no Longer Required Profit on Sale of Marketable Securities Profit From Foreign Currency Exchange 1,725, Rediscount Income Inflationist Profit Other Income and Profit 5, G- OTHER OPERATING EXPENSES (-) (2,047,234.00) 1- Commission Expenses (-) (253,954.00) 2- Provisions (-) Loss on Sale of Marketable Securities Loss From Foreign Currency Exchange (1,793,280.00) 5- Rediscount Interest Expense (-) Inflationist Lost Other Ordinary Expenses and Loses (-) 0.00 H- FINANCIAL EXPENSES (-) (990,191.00) 1- Short Term Borrowing Expenses (-) (990,191.00) 2- Long Term Borrowing Expenses (-) 0.00 ORDINARY PROFIT OR (LOSS) (6,050,736.33) (6,050,680.00) I- EXTRAORDINARY INCOME 199, Previous Period Revenues and Profits Other Extraordinary Income 199, J- EXTRAORDINARY EXPENSES (147,502.00) 1- Idle Capacity Expenses and Losses(-) Previous Period Expenses and Losses (-) Other Extraordinary Expenses and Losses (-) (147,502.00) PROFIT OR (LOSS) FOR THE PERIOD (5,998,860.00) (5,998,860.00) K- TAXATION 0.00 NET PROFIT FOR THE PERIOD 0.00 (5,998,860.00) (5,998,860.00)

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

Anadolu Hayat Emeklilik Anonim Şirketi Consolidated Balance Sheet As At 31 December 2015 (Currency: Turkish Lira (TRY))

Anadolu Hayat Emeklilik Anonim Şirketi Consolidated Balance Sheet As At 31 December 2015 (Currency: Turkish Lira (TRY)) Consolidated Balance Sheet As At ASSETS I- Current Assets A- Cash and Cash Equivalents 14 302,999,458 216,428,429 1- Cash 14 3,385 27,952 2- Cheques Received 3- Banks 14 145,598,543 87,301,020 4- Cheques

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

AvivaSA Emeklilik ve Hayat Anonim Şirketi

AvivaSA Emeklilik ve Hayat Anonim Şirketi BALANCE SHEET AS OF 30 SEPTEMBER 2015 ASSETS Audited I- CURRENT ASSETS Note 31 December 2014 A- Cash and Cash Equivalents 14 431.210.641 394.414.565 1- Cash 14 603 142 2- Cheques Received - - 3- Banks

More information

AvivaSA Emeklilik ve Hayat Anonim Şirketi

AvivaSA Emeklilik ve Hayat Anonim Şirketi BALANCE SHEET AS OF 31 DECEMBER 2015 ASSETS I- CURRENT ASSETS Notes 31 December 2015 31 December 2014 A- Cash and Cash Equivalents 14 447.814.449 394.414.565 1- Cash 14-142 2- Cheques Received 3- Banks

More information

ANADOLU ANONİM TÜRK SİGORTA ŞİRKETİ DETAILED BALANCE SHEET ASSETS

ANADOLU ANONİM TÜRK SİGORTA ŞİRKETİ DETAILED BALANCE SHEET ASSETS ASSETS ANADOLU ANONİM TÜRK SİGORTA ŞİRKETİ I- Current Assets Audited Current Audited Previous Period Period Notes 31/12/2015 31/12/2014 A- Cash and Cash Equivalents 14 2.304.904.212 1.606.048.714 1- Cash

More information

Audited Prior Period 31 December 2014

Audited Prior Period 31 December 2014 As at ASSETS I- Current Assets A- Cash and Cash Equivalents 202.531.176 216.428.429 1- Cash 5.603 27.952 2- Cheques Received 3- Banks 49.703.075 87.301.020 4- Cheques Given and Payment Orders (31.536)

More information

AvivaSA Emeklilik ve Hayat Anonim Şirketi BALANCE SHEET AS OF 31 MARCH 2015 (Amounts expressed in Turkish Lira ( TL) unless otherwise stated).

AvivaSA Emeklilik ve Hayat Anonim Şirketi BALANCE SHEET AS OF 31 MARCH 2015 (Amounts expressed in Turkish Lira ( TL) unless otherwise stated). BALANCE SHEET AS OF 31 MARCH 2015 ASSETS Audited I- CURRENT ASSETS Note 31 Mart 2015 31 Aralık 2014 A- Cash and Cash Equivalents 2.12, 14 410.052.299 394.414.565 1- Cash 14 799 142 2- Cheques Received

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

Current Period Current Period I- Current Assets

Current Period Current Period I- Current Assets BALANCE SHEET (Independent ) ASSETS I- Current Assets A- Cash and Cash Equivalents 21,681,608 22,641,606 1- Cash 1,043 2,356 2- Cheques Received - - 3- Banks 18,087,148 20,777,618 4- Cheques Given and

More information

ASSETS Independent Limited Audited

ASSETS Independent Limited Audited ( ) I- Current Assets ASSETS A- Cash and Cash Equivalents 52.550.224 21.681.608 1- Cash 2.584 1.043 2- Cheques Received - - 3- Banks 45.038.608 18.087.148 4- Cheques Given and Payment Orders (-) - - 5-

More information

AEGON EMEKLİLİK VE HAYAT A.Ş. DETAILED BALANCE SHEET (Independent Unaudited) ASSETS. Current Period Current Period I- Current Assets

AEGON EMEKLİLİK VE HAYAT A.Ş. DETAILED BALANCE SHEET (Independent Unaudited) ASSETS. Current Period Current Period I- Current Assets (Independent ) ASSETS I- Current Assets A- Cash and Cash Equivalents 65,840,622 33,270,237 1- Cash 5,473 3,936 2- Cheques Received 3- Banks 37,175,261 6,888,908 4- Cheques Given and Payment Orders (-)

More information

AEGON EMEKLİLİK VE HAYAT A.Ş. DETAILED BALANCE SHEET (Independent Audited) ASSETS. Audited Current Period Current Period I- Current Assets

AEGON EMEKLİLİK VE HAYAT A.Ş. DETAILED BALANCE SHEET (Independent Audited) ASSETS. Audited Current Period Current Period I- Current Assets (Independent ) ASSETS I- Current Assets A- Cash and Cash Equivalents 33.270.237 28.327.786 1- Cash 3.936 3.924 2- Cheques Received 3- Banks 6.888.908 8.595.579 4- Cheques Given and Payment Orders (-) 5-Bank

More information

AEGON EMEKLİLİK VE HAYAT A.Ş. DETAILED BALANCE SHEET (Independent Audited) ASSETS. Audited Current Period Current Period I- Current Assets

AEGON EMEKLİLİK VE HAYAT A.Ş. DETAILED BALANCE SHEET (Independent Audited) ASSETS. Audited Current Period Current Period I- Current Assets (Independent ) ASSETS I- Current Assets A- Cash and Cash Equivalents 28.327.786 38.018.697 1- Cash 3.924 3.419 2- Cheques Received 3- Banks 8.595.579 25.886.925 4- Cheques Given and Payment Orders (-)

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

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 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

AEGON EMEKLİLİK VE HAYAT A.Ş. DETAILED BALANCE SHEET (Independent Limited Audited) ASSETS

AEGON EMEKLİLİK VE HAYAT A.Ş. DETAILED BALANCE SHEET (Independent Limited Audited) ASSETS (Independent Limited ) ASSETS I- Current Assets A- Cash and Cash Equivalents 55.519.200 55.076.635 1- Cash 1.879 5.469 2- Cheques Received - - 3- Banks 46.430.369 47.999.767 4- Cheques Given and Payment

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

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

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

Audited (Restated) (*)

Audited (Restated) (*) 31 December 2015 31 December 2014 31 December 2013 ASSETS Current assets 459.875.342 251.625.938 233.029.758 Cash and cash equivalents 5 123.908.125 123.909.277 101.043.123 Financial investments 6 -- 15.126.664

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

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

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

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

! "#$ %&!& "& ' - 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

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

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

GROUP 1. BASIC FINANCING. 10. CAPITAL 100. Capital stock 103. Uncalled subscribed capital receivable 108. Treasury stock

GROUP 1. BASIC FINANCING. 10. CAPITAL 100. Capital stock 103. Uncalled subscribed capital receivable 108. Treasury stock GROUP 1. BASIC FINANCING 10. CAPITAL 100. Capital stock 103. Uncalled subscribed capital receivable 108. Treasury stock 11. RESERVES AND OTHER EQUITY INSTRUMENTS 110. Additional paid-in capital 111. Other

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

Consolidated and Non-Consolidated Financial Statements

Consolidated and Non-Consolidated Financial Statements May 13, 2016 Consolidated and Non-Consolidated Financial Statements (For the Period from April 1, 2015 to March 31, 2016) 1. Summary of Operating Results (Consolidated) (April 1,

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

EXERCISES LESSON 3 BALANCE SHEET

EXERCISES LESSON 3 BALANCE SHEET DEPARTAMENTO DE CONTABILIDAD Y ECONOMÍA FINANCIERA ESCUELA UNIVERSITARIA DE ESTUDIOS EMPRESARIALES FINANCIAL ACCOUNTING (DIPLOMATURA EN CIENCIAS EMPRESARIALES, 2º CURSO, GRUPO 5) 2008-2009 EXERCISES LESSON

More information

Consolidated Financial Results for Six Months Ended September 30, 2007

Consolidated Financial Results for Six Months Ended September 30, 2007 Consolidated Financial Results for Six Months Ended September 30, 2007 SOHGO SECURITY SERVICES CO., LTD (URL http://ir.alsok.co.jp/english) (Code No.:2331, TSE 1 st Sec.) Representative: Atsushi Murai,

More information

1 CONSOLIDATED FINANCIAL STATEMENTS (1) Consolidated Balance Sheets

1 CONSOLIDATED FINANCIAL STATEMENTS (1) Consolidated Balance Sheets 1 CONSOLIDATED FINANCIAL STATEMENTS (1) Consolidated Balance Sheets As of March 31,2014 As of March 31,2015 Assets Cash and due from banks 478,425 339,266 Call loans and bills bought 23,088 58,740 Monetary

More information

COMPONENTS OF THE STATEMENT OF CASH FLOWS

COMPONENTS OF THE STATEMENT OF CASH FLOWS ILLUSTRATION 24-1 OPERATING, INVESTING, AND FINANCING ACTIVITIES COMPONENTS OF THE STATEMENT OF CASH FLOWS CASH FLOWS FROM OPERATING ACTIVITIES + Sales and Service Revenue Received Cost of Sales Paid Selling

More information

16 BUSINESS ACCOUNTING STANDARD CONSOLIDATED FINANCIAL STATEMENTS AND INVESTMENTS IN SUBSIDIARIES I. GENERAL PROVISIONS

16 BUSINESS ACCOUNTING STANDARD CONSOLIDATED FINANCIAL STATEMENTS AND INVESTMENTS IN SUBSIDIARIES I. GENERAL PROVISIONS APPROVED by Resolution No. 10 of 10 December 2003 of the Standards Board of the Public Establishment the Institute of Accounting of the Republic of Lithuania 16 BUSINESS ACCOUNTING STANDARD CONSOLIDATED

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

(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

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

Public Joint Stock Company Kuzbasskaya Toplivnaya Company (trading as KTK ) Unaudit Condensed Interim Consolidated Financial Statements for the six

Public Joint Stock Company Kuzbasskaya Toplivnaya Company (trading as KTK ) Unaudit Condensed Interim Consolidated Financial Statements for the six Public Joint Stock Company Kuzbasskaya Toplivnaya Company (trading as KTK ) Unaudit Condensed Interim Consolidated Financial Statements for the six months ended 30 June 2015 Contents Consolidated Statement

More information

How To Balance Sheet

How To Balance Sheet Page 1 of 6 Balance Sheet Accounts The Chart of Accounts is normally arranged or grouped by the Major Types of Accounts. The Balance Sheet Accounts (Assets, Liabilities, & Equity) are presented first,

More information

Summary of Financial Report for the FY ending March 2015 (Non-Consolidated)

Summary of Financial Report for the FY ending March 2015 (Non-Consolidated) Summary of Financial Report for the FY ending March 2015 (Non-Consolidated) April 30, 2015 Listed Company Name: Japan Tissue Engineering Co., Ltd. Listed Securities Exchange: JQ Stock Code: 7774 URL http://www.jpte.co.jp

More information

III. BANKS RECEIVABLES FROM REVERSE REPURCHASE

III. BANKS RECEIVABLES FROM REVERSE REPURCHASE BALANCE SHEET AS OF 31 MARCH 2016 ASSETS Notes 31 March 2016 31 December 2015 Audited TL FC TOTAL TL FC TOTAL I. CASH, CASH EQUIVALENTS AND CENTRAL BANK - - - - - - II. FINANCIAL ASSETS AT FAIR VALUE THROUGH

More information

Consolidated Balance Sheet

Consolidated Balance Sheet Consolidated Balance Sheet (As of March 31, 2010) Item Amount Item Amount [Assets] million yen [Liabilities] million yen Current assets 12,277Current liabilities 7,388 Notes payable and accounts 2,449

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

FINANCIAL MANAGEMENT

FINANCIAL MANAGEMENT 100 Arbor Drive, Suite 108 Christiansburg, VA 24073 Voice: 540-381-9333 FAX: 540-381-8319 www.becpas.com Providing Professional Business Advisory & Consulting Services Douglas L. Johnston, II djohnston@becpas.com

More information

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 Financial Results for the nine months of Fiscal Year 2010

Consolidated Financial Results for the nine months of Fiscal Year 2010 Consolidated Financial Results for the nine months of Fiscal Year 2010 (Fiscal Year 2010: Year ending March 31, 2010) Noritake Co., Limited Company Name Stock Exchange Listings Tokyo, Nagoya Code Number

More information

NET TURIZM TİCARET VE SANAYİ ANONİM ŞİRKETİ AND IT S SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED AT 31 DECEMBER 2014

NET TURIZM TİCARET VE SANAYİ ANONİM ŞİRKETİ AND IT S SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED AT 31 DECEMBER 2014 NET TURIZM TİCARET VE SANAYİ ANONİM ŞİRKETİ AND IT S SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED AT 31 DECEMBER 2014 NET TURİZM TİCARET VE SANAYİ ANONİM ŞİRKETİ CONTENTS CONSOLIDATED

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

Chart of Accounts for Banks

Chart of Accounts for Banks Chart of Accounts for Banks ASSETS Cash and Cash Equivalents 1 0 0 1 Cash in vault 1 0 0 2 Cash in ATM 1 0 0 3 Cash in transit 1 0 0 4 Damaged notes 1 0 0 5 Travellers cheques 1 0 0 6 Items for collection:

More information

North Carolina s Reference to the Internal Revenue Code Updated - Impact on 2015 North Carolina Corporate and Individual income Tax Returns

North Carolina s Reference to the Internal Revenue Code Updated - Impact on 2015 North Carolina Corporate and Individual income Tax Returns June 3 2016 North Carolina s Reference to the Internal Revenue Code Updated - Impact on 2015 North Carolina Corporate and Individual income Tax Returns Governor McCrory signed into law Session Law 2016-6

More information

ACCOUNTS PRODUCTION OPEN SANS FONT FOR 2013 TAXCALC HUB AND ACCOUNTS PRODUCTION CHART OF ACCOUNTS - LIMITED COMPANY

ACCOUNTS PRODUCTION OPEN SANS FONT FOR 2013 TAXCALC HUB AND ACCOUNTS PRODUCTION CHART OF ACCOUNTS - LIMITED COMPANY OPEN SANS FONT FOR 2013 TAXCALC HUB AND ACCOUNTS PRODUCTION CHART OF ACCOUNTS - LIMITED COMPANY Contents Sales 1 Other Operating Income 1 Income from Shares in Group Undertakings 1 Income from Participating

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

Online Disclosures Relating to Notice of the 101st Annual Shareholders Meeting

Online Disclosures Relating to Notice of the 101st Annual Shareholders Meeting Online Disclosures Relating to Notice of the 101st Annual Shareholders Meeting Notes to Consolidated Financial Statements Notes to Non-Consolidated Financial Statements (From April 1, 2015 to March 31,

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

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

Large Company Limited. Report and Accounts. 31 December 2009

Large Company Limited. Report and Accounts. 31 December 2009 Registered number 123456 Large Company Limited Report and Accounts 31 December 2009 Report and accounts Contents Page Company information 1 Directors' report 2 Statement of directors' responsibilities

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

Closing Announcement of First Quarter of the Fiscal Year Ending March 31, 2009

Closing Announcement of First Quarter of the Fiscal Year Ending March 31, 2009 Member of Financial Accounting Standards Foundation Closing Announcement of First Quarter of the Fiscal Year Ending March 31, 2009 Name of Listed Company: Arisawa Mfg. Co., Ltd. Listed on the 1st Section

More information

Summary of Consolidated Financial Results for the Year Ended March 31, 2016 (Based on Japanese GAAP)

Summary of Consolidated Financial Results for the Year Ended March 31, 2016 (Based on Japanese GAAP) Translation Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the

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

Statement of Financial Condition

Statement of Financial Condition Financial Report for the 14th Business Year 5-1, Marunouchi 1-Chome, Chiyoda-ku, Tokyo Citigroup Global Markets Japan Inc. Rodrigo Zorrilla, Representative Director, President and CEO Statement of Financial

More information

Financial Results for the First Quarter Ended June 30, 2014

Financial Results for the First Quarter Ended June 30, 2014 July 28, 2014 Company name : Nissan Motor Co., Ltd. Code no : 7201 (URL http://www.nissan-global.com/en/ir/) Representative : Carlos Ghosn, President Contact person : Joji

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

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

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

[Translation] - 2 - (Millions of Yen) Amount. Account. (Liabilities) Current liabilities 4,655. Short-term loans payable 1,000. Income taxes payable

[Translation] - 2 - (Millions of Yen) Amount. Account. (Liabilities) Current liabilities 4,655. Short-term loans payable 1,000. Income taxes payable Financial Report for the 25th Business Year 1-5-1 Marunouchi, Chiyoda-ku, Tokyo Citigroup Japan Holdings Corp. Anthony P. Della Pietra, Jr., Representative Director, President and CEO Balance Sheet (for

More information

SETTING UP YOUR BUSINESS ACCOUNTING SYSTEM

SETTING UP YOUR BUSINESS ACCOUNTING SYSTEM 100 Arbor Drive, Suite 108 Christiansburg, VA 24073 Voice: 540-381-9333 FAX: 540-381-8319 www.becpas.com Providing Professional Business Advisory & Consulting Services Douglas L. Johnston, II djohnston@becpas.com

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

Small Company Limited. Report and Accounts. 31 December 2007

Small Company Limited. Report and Accounts. 31 December 2007 Registered number 123456 Small Company Limited Report and Accounts 31 December 2007 Report and accounts Contents Page Company information 1 Directors' report 2 Accountants' report 3 Profit and loss account

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

EFESAN DEMİR SANAYİ VE TİCARET A.Ş. FINANCIAL STATEMENTS AT 31 DECEMBER 2010 TOGETHER WITH AUDITOR S REPORT

EFESAN DEMİR SANAYİ VE TİCARET A.Ş. FINANCIAL STATEMENTS AT 31 DECEMBER 2010 TOGETHER WITH AUDITOR S REPORT EFESAN DEMİR SANAYİ VE TİCARET A.Ş. FINANCIAL STATEMENTS AT 31 DECEMBER 2010 TOGETHER WITH AUDITOR S REPORT BALANCE SHEETS AS OF 31.12.2010 AND 2009 (Amounts translated into US Dollars at the respective

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

Consolidated Financial Statements 2009

Consolidated Financial Statements 2009 Consolidated Financial Statements 2009 (April 1, 2009 - March 31, 2010) Senkon Logistics Co., Ltd. CONSOLIDATED BALANCE SHEET ASSETS (As of March 31,2009) (As of March 31,2010) Current assets Cash 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 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

General Cable Corporation (Exact name of registrant as specified in its charter)

General Cable Corporation (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K/A CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest

More information

PART 5. External Reporting and Performance Evaluation. Statements of financial performance and position. Statement of cash flows 19

PART 5. External Reporting and Performance Evaluation. Statements of financial performance and position. Statement of cash flows 19 PART 5 External Reporting and Performance Evaluation Statements of financial performance and position 18 Statement of cash flows 19 Analysis and interpretation of financial statements 20 CHAPTER 18 Statements

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

Chart of Accounts AA Corp Tax 0000-1020 / page 1. Sales. Income from participating interests. Income from other fixed asset investments

Chart of Accounts AA Corp Tax 0000-1020 / page 1. Sales. Income from participating interests. Income from other fixed asset investments 0000-1020 / page 1 0000 Sales 0001 Sales type A 0002 Sales type B 0003 Sales type C 0004 Sales type D 0005 Sales type E 0006 Sales type F 0007 Sales type G 0008 Sales type H 0009 Sales type I 0100 UK sales

More information

of Fiscal 2006 (Consolidated)

of Fiscal 2006 (Consolidated) Outline of Financial Results for the 3rd Quarter of Fiscal 2006 (Consolidated) Feb.3, 2006 For Immediate Release Company Name (URL http://www.fhi.co./jp/fina/index.html ) : Fuji Heavy Industries Ltd. (Code

More information

Quarterly Financial Results for the Fiscal Year Ending September 30, 2016 (J-GAAP)

Quarterly Financial Results for the Fiscal Year Ending September 30, 2016 (J-GAAP) February 10, 2016 Quarterly Financial Results for the Fiscal Year Ending September 30, 2016 (J-GAAP) (1st Quarter / October 1, 2015 December 31, 2015) Company Name Hosokawa Micron Corporation Stock Exchange

More information

GOODYEAR (THAILAND) PUBLIC COMPANY LIMITED FINANCIAL STATEMENTS 31 DECEMBER 2011

GOODYEAR (THAILAND) PUBLIC COMPANY LIMITED FINANCIAL STATEMENTS 31 DECEMBER 2011 GOODYEAR (THAILAND) PUBLIC COMPANY LIMITED FINANCIAL STATEMENTS 31 DECEMBER 2011 AUDITOR S REPORT To the Shareholders of Goodyear (Thailand) Public Company Limited I have audited the accompanying statements

More information

Small Company Limited. Abbreviated Accounts. 31 December 2007

Small Company Limited. Abbreviated Accounts. 31 December 2007 Registered number 123456 Small Company Limited Abbreviated Accounts 31 December 2007 Abbreviated Balance Sheet as at 31 December 2007 Notes 2007 2006 Fixed assets Intangible assets 2 Tangible assets 3

More information

TECHNICO HORTICULTURAL (KUNMING) CO. LIMITED

TECHNICO HORTICULTURAL (KUNMING) CO. LIMITED MANAGEMENT REPORT FOR THE YEAR ENDED 31 st DECEMBER, 2014 Your management submits its report for the financial year ended 31 st December, 2014. Corporate Information Technico Horticultural (Kunming) Co

More information

CONSOLIDATED STATEMENT OF INCOME

CONSOLIDATED STATEMENT OF INCOME CONSOLIDATED STATEMENT OF INCOME 4 th quarter (a) 3 rd quarter 4 th quarter 2009 Sales 40,157 40,180 36,228 Excise taxes (4,397) (4,952) (4,933) Revenues from sales 35,760 35,228 31,295 Purchases, net

More information

MEDITERRANEAN PROTECTED AREAS NETWORK (MEDPAN) Organization Auditor's Report on the Annual Financial Statements. Year ended 31/12/13

MEDITERRANEAN PROTECTED AREAS NETWORK (MEDPAN) Organization Auditor's Report on the Annual Financial Statements. Year ended 31/12/13 MEDITERRANEAN PROTECTED AREAS NETWORK (MEDPAN) Organization Auditor's Report on the Annual Financial Statements Year ended 31/12/13 Year ended on 31 December 2013 MedPAN Organization Member of an approved

More information

Cork Institute of Technology. Autumn 2006 Advanced Financial Accounting (Time: 3 Hours)

Cork Institute of Technology. Autumn 2006 Advanced Financial Accounting (Time: 3 Hours) Cork Institute of Technology Bachelor of Business in Accounting Award Bachelor of Business in Management - Award Instructions Answer FOUR questions Answer all THREE questions in Section A and ONE question

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

Financial Results for the Nine-Month Period Ended March 31, 2013

Financial Results for the Nine-Month Period Ended March 31, 2013 Financial Results for the Nine-Month Period Ended March 31, 2013 May 14, 2013 Company name: ZERO CO., LTD. Code No: 9028 Tokyo Stock Exchange (Second Section) (URL http://www.zero-group.co.jp/) Representative:

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

Summary of Financial Results for the Third Quarter of Fiscal Year Ending March 31, 2009 (Nine Months Ended December 31, 2008)

Summary of Financial Results for the Third Quarter of Fiscal Year Ending March 31, 2009 (Nine Months Ended December 31, 2008) February 5, 2009 Summary of Financial Results for the Third Quarter of Fiscal Year Ending March 31, 2009 (Nine Months Ended December 31, 2008) Company name: KOSÉ Corporation Stock listing: Tokyo Stock

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

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

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

November 4, 2015 Consolidated Financial Results for the Second Quarter of Fiscal Year 2015 (From April 1, 2015 to September 30, 2015) [Japan GAAP]

November 4, 2015 Consolidated Financial Results for the Second Quarter of Fiscal Year 2015 (From April 1, 2015 to September 30, 2015) [Japan GAAP] November 4, 2015 Consolidated Financial Results for the Second Quarter of Fiscal Year 2015 (From April 1, 2015 to September 30, 2015) [Japan GAAP] Company Name: Idemitsu Kosan Co., Ltd. (URL http://www.idemitsu.com)

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

North Carolina s Reference to the Internal Revenue Code Updated - Impact on 2015 North Carolina Corporate and Individual income Tax Returns

North Carolina s Reference to the Internal Revenue Code Updated - Impact on 2015 North Carolina Corporate and Individual income Tax Returns June 3 2016 North Carolina s Reference to the Internal Revenue Code Updated - Impact on 2015 North Carolina Corporate and Individual income Tax Returns Governor McCrory signed into law Session Law 2016-6

More information