AMERICAN SAVINGS LIFE INSURANCE COMPANY

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "AMERICAN SAVINGS LIFE INSURANCE COMPANY"

Transcription

1 Shareholder Meeting - April 14, 2009

2 Presentation Outline Return and Report Go and Do 3. The Magic Makers

3 2008 Return and Report 1. Overall Performance 2. Performance of Business Segments

4 Millions 2008 Return and Report Overall Performance Total Assets Increased $613,000 (2.8%) to $22.7 Million $23 Total Assets $21 $19 $ $

5 2008 Return and Report Overall Performance Shareholders Equity per share Increased 7.1 (2.2%) to $3.38 per share $3.50 $3.25 $3.00 $2.75 $2.50 $2.25 $2.00 Equity Value per Share equity incr dividend = 31 total incr. = A combined return of 9.4%

6 Millions 2008 Return and Report Overall Performance Net Gain from Operations Increased $70,000 (4.2%) to $1.7 Million Net Gain from Operations $2.0 $1.5 $1.0 $ $

7 Millions 2008 Return and Report Overall Performance Net Income Decreased $142,000 (-8.0%) to $1.6 Million $2.0 Net Income $1.5 $1.0 $ $

8 Return and Report Overall Performance Semi-Annual Dividends Held at 12 per share for April 2009 October 2009 to be declared this summer $0.12 $0.11 $0.10 $0.09 $0.08 $0.07 $0.06 $0.05 Semi-Annual Dividends

9 2008 Return and Report 1. Overall Performance Any questions? 2. Performance of Business Segments

10 2008 Return and Report Performance of Business Segments 1. Life Insurance Business 2. Investment Performance Mortgage Loans Real Estate

11 Thousands 2008 Return and Report Performance of Business Segments Life Insurance Business Premium Income Increased to $267,000 $300 Premium Income $200 $ $

12 Millions 2008 Return and Report Performance of Business Segments Life Insurance Business Life Insurance Reserves Increased 6.5% to $2.3 Million $2.5 Life Insurance Reserves $2.0 $ $

13 2008 Return and Report Performance of Business Segments Life Insurance Business APD/GIC Funds on Deposit Increased 4.2% to $2.5 Million Millions GIC/APD Funds On Deposit $2.5 $2.0 $1.5 $ $0.5 $

14 2008 Return and Report Performance of Business Segments 1. Life Insurance Business Any questions? 2. Investment Performance Mortgage Loans Real Estate

15 2008 Return and Report Performance of Business Segments Investment Performance Asset Allocation Dec 31, 2008 Mortgage Loans 78% Cash 8% Other Assets 5% Real Estate 9%

16 Asset Allocation Dec 31, Return and Report Performance of Business Segments Investment Performance Mortgage loans 80% Other Assets 6% Real estate 6% Cash 8% Asset Allocation Dec 31, 2008 Mortgage Loans 78% Cash 8% Other Assets 5% Real Estate 9%

17 2008 Return and Report Performance of Business Segments Investment Performance Loan Portfolio by Property Type As of March 31, 2009 Total Commercial $12,900,000 76% Total Residential $4,000,000 24%

18 2008 Return and Report Performance of Business Segments Investment Performance Total Loan Portfolio* ($17.4M) As of March 31, 2009 Not in Default $13,489,000 79% 40 to 69 days past due $1,209,000 7% 70 + days past due $54, % Special Payment Schedule $1,047,000 6% *Excluding Loans on Holbrook Lots In process of foreclosure $1,399,000 8%

19 2008 Return and Report Performance of Business Segments Investment Performance Date Last Payment Received on All Delinquent Loans (3/31/09) (Loan balances as % of Total Loans) Within the last 60 days $147,000 4% Over 60 Days $1,325,000 36% Within the last 30 days $2,238,000 60% *Excluding Loans on Holbrook Lots

20 Thousands 2008 Return and Report Performance of Business Segments Investment Performance Vekol Wash Interest & Capital Gains Decreased 40% to $210,000 $400 $300 $200 $100 Vekol Wash Capital Gains & Interest Received $ We earned $1,590,000 in interest & capital gains since we sold Vekol Wash in 2004.

21 Thousands 2008 Return and Report Performance of Business Segments Investment Performance Holbrook Lot Sales Payments Rec d Decreased 28% to $144,000 $200 Payments Received from Holbrook Lot Sales $150 $100 $50 $

22 May 08 June 08 Aug 08 Sept Return and Report Performance of Business Segments Investment Performance Oct 08 Nov 08 Dec 08 Jan 09 Feb 09 Mar 09 Apr 09 $500,000 Holbrook Lot Sales Loans History $400,000 $300,000 $200,000 $100,000 $0 In process of Foreclosure 70 + days past due 40 to 69 days past due Not in Default

23 2008 Return and Report Performance of Business Segments Investment Performance 2008 Holbrook Lot Foreclosures Total of $203,000 in foreclosures Prior to foreclosure, we earned $134,000 on these lot sales. Now we own the lots again and will re-sell them again!

24 Presentation Outline Return and Report Go and Do 3. The Magic Makers

25 2009 Go and Do 1. Life Insurance Business 2. Lending - American Life Financial 3. Real Estate Investments

26 PREMIER SERIES Fixed Annuity 2009 Go and Do Life Insurance Business Annuity = Tax deferred savings like an IRA Fixed Interest Rates with Bailout Feature Premier Series Plan First Year Guaranteed Interest Rate Following Years Bailout Interest Rate Premier Series 3 6.0% 5.0% Premier Series 5 6.5% 5.5% Premier Series 7 7.0% 6.0%

27 2009 Go and Do Life Insurance Business Youth Life Plan Optional Increases Can increase insurance coverage without having to qualify Insured s Age Additional Insurance Additional Monthly Premium Age 25 $10,000 $7.20 Age 28 $10,000 $8.40 Age 31 $10,000 $9.60

28 2009 Go and Do 1. Life Insurance Business Any questions? 2. Lending - American Life Financial 3. Real Estate Investments

29 2009 Go and Do Lending American Life Financial In-House Loans Investor Loans

30 Thousands In-House Loans 2009 Go and Do Lending American Life Financial Unusually few payoffs = fewer new loans $1,000 $800 Loan Payoffs Received $600 $400 $200 $0 Q Q Q Q Q1 2009

31 2009 Go and Do Lending American Life Financial In-House Loans Being very conservative Currently have $2 Million to lend Annuity sales Purchasing Discounted Notes

32 Investor Loans 2009 Go and Do Lending American Life Financial Incredibly challenging times Learning curve Staffing for Success

33 2009 Go and Do 1. Life Insurance Business 2. Lending - American Life Financial Any questions? 1. Real Estate Investments

34 2009 Go and Do Real Estate Investments Holbrook Legacy In Escrow scheduled to close in June May not close Still confident we bought it right

35 Holbrook Lot Sales 2009 Go and Do Real Estate Investments Continuing to sell lots at even higher prices $160,000 new sales in 2008 & 2009 At current sales price we have $554,000 available to sell

36 2009 Go and Do Real Estate Investments Investment Opportunities Distressed Real Estate Purchases or Discounted Note Purchases Low acquisition costs Cash flowing investments Significant future capital gains

37 2009 Go and Do 1. Life Insurance Business 2. Lending - American Life Financial 3. Real Estate Investments Any questions?

38 Presentation Outline Return and Report Go and Do 3.The Magic Makers

39 The Magic Makers Account Servicing

40 The Magic Makers Account Servicing Lisa Lisa has been with us since 2005

41 The Magic Makers Account Servicing Lisa

42 The Magic Makers Account Servicing Camy Camy has been with us since 2008

43 The Magic Makers Account Servicing Carrie Carrie has been with us since 2008

44 The Magic Makers Accounting

45 The Magic Makers Accounting Randy Randy has been with us since 1988

46 The Magic Makers Accounting Anthony Anthony has been with us since 2005

47 The Magic Makers Accounting Carrie

48 The Magic Makers Information Technology

49 The Magic Makers Information Technology Jonathan Jonathan has been with us since 1999

50 The Magic Makers Information Technology Robert Robert has been with us since 1988

51 The Magic Makers Real Estate Division

52 The Magic Makers Real Estate Division Trent Trent has been with us since 2005

53 The Magic Makers Real Estate Division Troy Troy has been with us since 2009

54 The Magic Makers Life Ins. Policy Development Richard Richard has been with us since 2009

55 The Magic Makers American Life Financial

56 The Magic Makers American Life Financial Lucy Lucy has been with us since 2003

57 The Magic Makers American Life Financial Anthony

58 The Magic Makers American Life Financial Nikki Nikki has been with us since 2008

59 The Magic Makers American Life Financial Tami Tami has been with us since 2008

60 The Magic Makers American Life Financial Marcelino Marcelino has been with us since 2009

61 The Magic Makers Executive Management Committee

62 Our Commitment To Our Shareholders 1. Do all we can to continue paying dividends equal to or greater than the previous year s. 2. Continue to grow the dividends and the value of Co. shares by growing the Co. in a prudent, profitable manner.

63 Any Questions?

64

COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) CHARTERED BANK ADMINISTERED INTEREST RATES - PRIME BUSINESS*

COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) CHARTERED BANK ADMINISTERED INTEREST RATES - PRIME BUSINESS* COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) 2 Fixed Rates Variable Rates FIXED RATES OF THE PAST 25 YEARS AVERAGE RESIDENTIAL MORTGAGE LENDING RATE - 5 YEAR* (Per cent) Year Jan Feb Mar Apr May Jun

More information

COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) CHARTERED BANK ADMINISTERED INTEREST RATES - PRIME BUSINESS*

COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) CHARTERED BANK ADMINISTERED INTEREST RATES - PRIME BUSINESS* COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) 2 Fixed Rates Variable Rates FIXED RATES OF THE PAST 25 YEARS AVERAGE RESIDENTIAL MORTGAGE LENDING RATE - 5 YEAR* (Per cent) Year Jan Feb Mar Apr May Jun

More information

HOSPIRA (HSP US) HISTORICAL COMMON STOCK PRICE INFORMATION

HOSPIRA (HSP US) HISTORICAL COMMON STOCK PRICE INFORMATION 30-Apr-2004 28.35 29.00 28.20 28.46 28.55 03-May-2004 28.50 28.70 26.80 27.04 27.21 04-May-2004 26.90 26.99 26.00 26.00 26.38 05-May-2004 26.05 26.69 26.00 26.35 26.34 06-May-2004 26.31 26.35 26.05 26.26

More information

Analysis One Code Desc. Transaction Amount. Fiscal Period

Analysis One Code Desc. Transaction Amount. Fiscal Period Analysis One Code Desc Transaction Amount Fiscal Period 57.63 Oct-12 12.13 Oct-12-38.90 Oct-12-773.00 Oct-12-800.00 Oct-12-187.00 Oct-12-82.00 Oct-12-82.00 Oct-12-110.00 Oct-12-1115.25 Oct-12-71.00 Oct-12-41.00

More information

Median and Average Sales Prices of New Homes Sold in United States

Median and Average Sales Prices of New Homes Sold in United States Jan 1963 $17,200 (NA) Feb 1963 $17,700 (NA) Mar 1963 $18,200 (NA) Apr 1963 $18,200 (NA) May 1963 $17,500 (NA) Jun 1963 $18,000 (NA) Jul 1963 $18,400 (NA) Aug 1963 $17,800 (NA) Sep 1963 $17,900 (NA) Oct

More information

QUARTERLY REPORT 2015

QUARTERLY REPORT 2015 15 3 Consolidated balance sheet 5 Consolidated income statement 6 Statement of changes in equity 7 Condensed notes 3 Consolidated financial statements Consolidated balance sheet ASSETS 31.12.2014 in %

More information

INTERIM FINANCIAL STATEMENT AS PER 30 SEPTEMBER 2015

INTERIM FINANCIAL STATEMENT AS PER 30 SEPTEMBER 2015 INTERIM FINANCIAL STATEMENT AS PER 30 SEPTEMBER 2015 15 3 Consolidated balance sheet 5 Consolidated income statement 6 Statement of changes in equity 7 Condensed notes INTERIM FINANCIAL STATEMENT AS PER

More information

THE UNIVERSITY OF BOLTON

THE UNIVERSITY OF BOLTON JANUARY Jan 1 6.44 8.24 12.23 2.17 4.06 5.46 Jan 2 6.44 8.24 12.24 2.20 4.07 5.47 Jan 3 6.44 8.24 12.24 2.21 4.08 5.48 Jan 4 6.44 8.24 12.25 2.22 4.09 5.49 Jan 5 6.43 8.23 12.25 2.24 4.10 5.50 Jan 6 6.43

More information

Q3 2015 Investor Presentation

Q3 2015 Investor Presentation Firm Capital Mortgage Investment Corporation Firm Capital Mortgage Investment Corporation is a non-bank lender providing residential and commercial real estate financing. Q3 2015 Investor Presentation

More information

Working Capital and the Financing Decision C H A P T E R S I X

Working Capital and the Financing Decision C H A P T E R S I X Working Capital and the Financing Decision C H A P T E R S I X Limited 2000 Figure 6-1a The nature of asset growth A. Stage I: Limited or no Growth PPT 6-1 Dollars Temporary current assets Capital assets

More information

Kansas City 1Life Insurance Company

Kansas City 1Life Insurance Company Kansas City 1Life Insurance Company 2011 First Quarter Report Includes our subsidiaries: Sunset Life Insurance Company of America Old American Insurance Company Sunset Financial Services, Inc. Post Office

More information

Metropolitan West Asset Management RMBS Research Winter 2009 By Brian Rosenlund, CFA

Metropolitan West Asset Management RMBS Research Winter 2009 By Brian Rosenlund, CFA Metropolitan West Asset Management RMBS Research Winter 2009 By Brian Rosenlund, CFA Senior Analyst, Structured Products CONTENTS page I. Contractual Obligation...2 II. Advancing Behavior... 3 III. How

More information

Reacting to the Challenges: Business Strategies for Future Success. Todd S. Adams, Chief Executive Officer Adams Bank & Trust Ogallala, Nebraska

Reacting to the Challenges: Business Strategies for Future Success. Todd S. Adams, Chief Executive Officer Adams Bank & Trust Ogallala, Nebraska Reacting to the Challenges: Business Strategies for Future Success Todd S. Adams, Chief Executive Officer Adams Bank & Trust Ogallala, Nebraska Adams Bank & Trust Family Owned for 95 Years $525 Million

More information

Project Cash Flow 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000. Investor and Developer Cash 1,000,000 500,000. Sep-00. Sep-99. Dec-99.

Project Cash Flow 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000. Investor and Developer Cash 1,000,000 500,000. Sep-00. Sep-99. Dec-99. Project Cash Flow 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 500,000 0 Jan-99 Feb-99 Mar-99 Apr-99 May-99 Jun-99 Investor and Developer Cash Jul-99 Aug-99 Sep-99 Oct-99 Nov-99 Dec-99 Jan-00

More information

Canadian Life Insurance Company Asset/Liability Management Summary Report as at: 31-Jan-08 interest rates as of: 29-Feb-08 Run: 2-Apr-08 20:07 Book

Canadian Life Insurance Company Asset/Liability Management Summary Report as at: 31-Jan-08 interest rates as of: 29-Feb-08 Run: 2-Apr-08 20:07 Book Canadian Life Insurance Company Asset/Liability Management Summary Report as at: 31Jan08 interest rates as of: 29Feb08 Run: 2Apr08 20:07 Book Book Present Modified Effective Projected change in net present

More information

Vol. 1, Chapter 3 - Accounting Adjustments

Vol. 1, Chapter 3 - Accounting Adjustments Vol. 1, Chapter 3 - Accounting Adjustments Problem 1 1. ($20,000 2,000) 48 = $375 per month 2. Jan. 31 Depreciation Expense $375 Accumulated Depreciation Van $375 To record depreciation expense for January

More information

Global Prospects and recovery of Trinidad and Tobago

Global Prospects and recovery of Trinidad and Tobago Global Prospects and recovery of Trinidad and Tobago Anthony Birchwood (PHD) Caribbean Centre for Money and Finance The University of the West Indies. Presented at AREA, May 16 th 2012 Global Prospects

More information

Section 8.1. I. Percent per hundred

Section 8.1. I. Percent per hundred 1 Section 8.1 I. Percent per hundred a. Fractions to Percents: 1. Write the fraction as an improper fraction 2. Divide the numerator by the denominator 3. Multiply by 100 (Move the decimal two times Right)

More information

Investments 320 Dr. Ahmed Y. Dashti Chapter 3 Interactive Qustions

Investments 320 Dr. Ahmed Y. Dashti Chapter 3 Interactive Qustions Investments 320 Dr. Ahmed Y. Dashti Chapter 3 Interactive Qustions 3-1. A primary asset is an initial offering sold by a business, or government, to raise funds. A) True B) False 3-2. Money market instruments

More information

AT&T Global Network Client for Windows Product Support Matrix January 29, 2015

AT&T Global Network Client for Windows Product Support Matrix January 29, 2015 AT&T Global Network Client for Windows Product Support Matrix January 29, 2015 Product Support Matrix Following is the Product Support Matrix for the AT&T Global Network Client. See the AT&T Global Network

More information

Kansas City 2Life Insurance Company

Kansas City 2Life Insurance Company Kansas City 2Life Insurance Company 2011 Second Quarter Report Includes our subsidiaries: Sunset Life Insurance Company of America Old American Insurance Company Sunset Financial Services, Inc. Post Office

More information

NAV HISTORY OF DBH FIRST MUTUAL FUND (DBH1STMF)

NAV HISTORY OF DBH FIRST MUTUAL FUND (DBH1STMF) NAV HISTORY OF DBH FIRST MUTUAL FUND () Date NAV 11-Aug-16 10.68 8.66 0.38% -0.07% 0.45% 3.81% 04-Aug-16 10.64 8.66-0.19% 0.87% -1.05% 3.76% 28-Jul-16 10.66 8.59 0.00% -0.34% 0.34% 3.89% 21-Jul-16 10.66

More information

Kansas City 4Life Insurance Company

Kansas City 4Life Insurance Company Kansas City 4Life Insurance Company 2010 Fourth Quarter Report Includes our subsidiaries: Sunset Life Insurance Company of America Old American Insurance Company Sunset Financial Services, Inc. Post Office

More information

SOLUTIONS. Learning Goal 30

SOLUTIONS. Learning Goal 30 S1 Learning Goal 30 Multiple Choice 1. c A corporation wants to reissue treasury stock at a higher price than it paid. In this way, a greater amount of capital can be obtained than was returned to the

More information

Topics to be Discussed Description of Fixed Income Securities Characteristics Used to Evaluate Securities. Fixed Income Securities

Topics to be Discussed Description of Fixed Income Securities Characteristics Used to Evaluate Securities. Fixed Income Securities Topics to be Discussed Description of Characteristics Used to Evaluate Securities Treasury Bonds Agency Bonds Municipal Bonds Corporate Bonds Institutional Bonds Evaluation of Bonds Preferred Stock Description

More information

Kansas City 4Life Insurance Company

Kansas City 4Life Insurance Company Kansas City 4Life Insurance Company 2009 Fourth Quarter Report Includes our subsidiaries: Sunset Life Insurance Company of America Old American Insurance Company Sunset Financial Services, Inc. Post Office

More information

Suggested solutions to 3-mark and 4-mark problems contained in the Sample Paper - Exam 4: Tax Planning & Estate Planning

Suggested solutions to 3-mark and 4-mark problems contained in the Sample Paper - Exam 4: Tax Planning & Estate Planning Suggested solutions to 3-mark and 4-mark problems contained in the Sample Paper - Exam 4: Tax Planning & Estate Planning Section II Question 6 Mrs. A whose date of birth is 30th March 1955 has a total

More information

Consolidated Financial Results April 1, 2001 - June 30, 2001

Consolidated Financial Results April 1, 2001 - June 30, 2001 Consolidated Financial Results April 1, 2001 - June 30, 2001 August 3, 2001 In preparing its consolidated financial information, ORIX Corporation and its subsidiaries have complied with accounting principles

More information

CREDIT UNION TRENDS REPORT

CREDIT UNION TRENDS REPORT CREDIT UNION TRENDS REPORT CUNA Mutual Group Economics August 2 (June 2 data) Highlights During June, credit unions picked up 44, new memberships, loan balances grew at an 1 annualized pace, vacation spending

More information

Financialfacts. Great-West Life participating life insurance. Accountability Strength Performance

Financialfacts. Great-West Life participating life insurance. Accountability Strength Performance 2014 Financialfacts Great-West Life participating life insurance Accountability Strength Performance This guide provides key financial facts about the management, strength and performance of the Great-West

More information

What is a Stock? What is a Stock? demonstrates to students how they can own parts of public companies by purchasing shares of their stock.

What is a Stock? What is a Stock? demonstrates to students how they can own parts of public companies by purchasing shares of their stock. Lesson Summary demonstrates to students how they can own parts of public companies by purchasing shares of their stock. Lesson Objectives Define and give examples of: common stock, investor, risk, public

More information

Kansas City 2Life Insurance Company

Kansas City 2Life Insurance Company Kansas City 2Life Insurance Company 2012 Second Quarter Report Includes our subsidiaries: Sunset Life Insurance Company of America Old American Insurance Company Sunset Financial Services, Inc. Post Office

More information

Unsecured Business Lines Of credit. Real Estate Investors, Business Owners, Start Up Business

Unsecured Business Lines Of credit. Real Estate Investors, Business Owners, Start Up Business Unsecured Business Lines Of credit Real Estate Investors, Business Owners, Start Up Business What is this program? This program is an alternative funding method with these great features No Collateral

More information

Chapter 19. Residential Real Estate Finance: Mortgage Choices, Pricing and Risks. Residential Financing: Loans

Chapter 19. Residential Real Estate Finance: Mortgage Choices, Pricing and Risks. Residential Financing: Loans Chapter 19 Residential Real Estate Finance: Mortgage Choices, Pricing and Risks 10/25/2005 FIN4777 - Special Topics in Real Estate - Professor Rui Yao 1 Residential Financing: Loans Loans are classified

More information

SEB s Swedish Residential Mortgage Lending and Covered Bonds. Stockholm September, 2013

SEB s Swedish Residential Mortgage Lending and Covered Bonds. Stockholm September, 2013 SEB s Swedish Residential Mortgage Lending and Covered Bonds Stockholm September, 2013 Contents SEB s Residential Mortgage Lending p.3 Asset Quality p.19 Cover Pool and Covered Bond Funding p.24 2 SEB

More information

CHAPTER 11 Solutions STOCKHOLDERS EQUITY

CHAPTER 11 Solutions STOCKHOLDERS EQUITY CHAPTER 11 Solutions STOCKHOLDERS EQUITY Chapter 11, SE 1. 1. c 4. 2. a 5. 3. b 6. d e a Chapter 11, SE 2. 1. Advantage 4. 2. Disadvantage 5. 3. Advantage 6. Advantage Disadvantage Advantage Chapter 11,

More information

PULASKI FINANCIAL S SECOND FISCAL QUARTER EPS MORE THAN TRIPLES

PULASKI FINANCIAL S SECOND FISCAL QUARTER EPS MORE THAN TRIPLES PULASKI FINANCIAL S SECOND FISCAL QUARTER EPS MORE THAN TRIPLES Current Versus Prior Year Quarter Highlights Earnings growth - Diluted EPS $0.29 in 2013 versus $0.08 in 2012 - Annualized return on average

More information

PRESS RELEASE Highlights

PRESS RELEASE Highlights PRESS RELEASE 1999 Highlights Well run banking operation and bull market produce unprecedented earnings Operating profit of NOK 598 million before tax SpareBank 1 SR-Bank is the district's savings bank

More information

Waldo Corporation had the following transactions pertaining to debt investments.

Waldo Corporation had the following transactions pertaining to debt investments. Chapter 16 Do it! Waldo Corporation had the following transactions pertaining to debt investments. Jan. 1 Purchased 30, $1,000 Hillary Co. 10% bonds for $30,000, plus brokerage fees of $900. Interest is

More information

HOME PRODUCT CENTER PUBLIC COMPANY LIMITED BALANCE SHEETS AS AT DECEMBER 31, 2003 AND 2002

HOME PRODUCT CENTER PUBLIC COMPANY LIMITED BALANCE SHEETS AS AT DECEMBER 31, 2003 AND 2002 BALANCE SHEETS AS AT DECEMBER 31, 2003 AND 2002 Assets Note 2003 Baht 2002 Current assets Cash and cash equivalents 2 36,291,871.62 84,051,092.97 Accounts receivable - net 3 121,235,696.40 140,699,262.83

More information

COE BIDDING RESULTS 2009 Category B Cars >1600 cc

COE BIDDING RESULTS 2009 Category B Cars >1600 cc Quota System A COE BIDDING RESULTS 2009 B Jan-2009 Quota 1,839 1,839 1,100 1,099 274 268 409 411 767 758 Successful bids 1,784 1,832 1,100 1,097 274 260 401 386 763 748 Bids received 2,541 2,109 1,332

More information

Tax Planning for Specific Types of Investments

Tax Planning for Specific Types of Investments SC Financial Group, LLC. 1417 116th Ave NE Suite 202 Bellevue, WA 98004 425-451-2950 Fax: (425) 451-2888 office@scfinancialgroup.com www.scfinancialgroup.com Tax Planning for Specific Types of Investments

More information

Financial Statement Consolidation

Financial Statement Consolidation Financial Statement Consolidation We will consolidate the previously completed worksheets in this financial plan. In order to complete this section of the plan, you must have already completed all of the

More information

Kansas City 4Life Insurance Company

Kansas City 4Life Insurance Company Kansas City 4Life Insurance Company 2012 Fourth Quarter Report Includes our subsidiaries: Sunset Life Insurance Company of America Old American Insurance Company Sunset Financial Services, Inc. Post Office

More information

Review for Exam 1. Instructions: Please read carefully

Review for Exam 1. Instructions: Please read carefully Review for Exam 1 Instructions: Please read carefully The exam will have 21 multiple choice questions and 5 work problems. Questions in the multiple choice section will be either concept or calculation

More information

Westpac Banking Corporation

Westpac Banking Corporation Westpac Banking Corporation Philip Coffey Chief Financial Officer 31 March 2006 Westpac at a glance Established 1817 Top 40 bank globally 1 Core markets - Australia, New Zealand and near Pacific Total

More information

Preliminary Presentation

Preliminary Presentation Preliminary Results Presentation Year ended 31 December 2012 February 2013 1 Executive Summary Very good progress during 2012 despite no improvement in market transaction levels - Underlying Group Operating

More information

Cash Flow Statement Chapter 12 Unit 3

Cash Flow Statement Chapter 12 Unit 3 Cash Flow Statement Chapter 12 Unit 3 Performance Objectives: You will complete Cash Payment worksheets, Cash Available worksheets, and create a Statement of Cash Flow for your business in Microsoft Excel.

More information

BAT 4M: Chapter 3 ANSWERS TO QUESTIONS

BAT 4M: Chapter 3 ANSWERS TO QUESTIONS BAT 4M: Chapter 3 ANSWERS TO QUESTIONS 01. (a) Under the time period assumption, an accountant is required to determine the relevance of each business transaction to specific accounting periods, and its

More information

ILLUSTRATION 17-1 CONVERTIBLE SECURITIES CONVERTIBLE BONDS

ILLUSTRATION 17-1 CONVERTIBLE SECURITIES CONVERTIBLE BONDS ILLUSTRATION 17-1 CONVERTIBLE SECURITIES CONVERTIBLE BONDS Issued ten, 8%, $1,000 par value bonds at 110. Each bond is convertible into 100 shares of $5 par value common. Entry at date of issue: Cash 11,000

More information

Consolidated Business Results for the Fiscal Year Ended December 2014

Consolidated Business Results for the Fiscal Year Ended December 2014 1 FULLCAST HOLDINGS CO., LTD. Consolidated Business Results for the Fiscal Year Ended December 2014 February 13, 2015 2 Agenda Consolidated Business Highlights for the Fiscal Year Ended December 2014 (vs.

More information

Territorial Bancorp Inc. Announces Second Quarter 2015 Results

Territorial Bancorp Inc. Announces Second Quarter 2015 Results PRESS RELEASE FOR IMMEDIATE RELEASE Contact: Walter Ida (808) 946-1400 Territorial Bancorp Inc. Announces Second Quarter 2015 Results Earnings per share for the three months ended June 30, 2015 rose to

More information

FULLER LANDAU LLP. Tax Return Questionnaire - 2014 Tax Year. Name and Address: Social Security Occupation Number:

FULLER LANDAU LLP. Tax Return Questionnaire - 2014 Tax Year. Name and Address: Social Security Occupation Number: FULLER LANDAU LLP Print this form out, take some time to fill it out, and bring it with you when you come to the office. This will save you time and money, and help us help you more effectively. Tax Return

More information

Canadian Life Insurance Industry

Canadian Life Insurance Industry A.M. Best Company s 9 th Annual Insurance Market Briefing Canada Canadian Life Insurance Industry Edward Kohlberg, CPA, FLMI Senior Financial Analyst Richard McMillan Senior Financial Analyst September

More information

OMEGA HEALTHCARE INVESTORS, INC. FUNDS FROM OPERATIONS Unaudited (In thousands, except per share amounts) Pro Forma Analysis

OMEGA HEALTHCARE INVESTORS, INC. FUNDS FROM OPERATIONS Unaudited (In thousands, except per share amounts) Pro Forma Analysis OMEGA HEALTHCARE INVESTORS, INC. FUNDS FROM OPERATIONS (In thousands, except per share amounts) Net income available to common stockholders. $ 25,592 Deduct gain from real estate dispositions.. (11,806)

More information

Mapping Your Retirement Destination. ING Secure Index Seven Annuity. Flexible Premium Deferred Fixed Index Annuity. Your future. Made easier.

Mapping Your Retirement Destination. ING Secure Index Seven Annuity. Flexible Premium Deferred Fixed Index Annuity. Your future. Made easier. Mapping Your Retirement Destination ING Secure Index Seven Annuity Flexible Premium Deferred Fixed Index Annuity Your future. Made easier. Where will retirement take you? Before and during your retirement,

More information

Economic Factors Affecting Small Business Lending and Loan Guarantees

Economic Factors Affecting Small Business Lending and Loan Guarantees Order Code RL34400 Economic Factors Affecting Small Business Lending and Loan Guarantees February 28, 2008 N. Eric Weiss Analyst in Financial Economics Government & Finance Division Economic Factors Affecting

More information

Need to know finance

Need to know finance Need to know finance You can t hide from it Every decision has financial implications Estimating sales and cost of sales (aka direct costs) Gross Profit and Gross Profit Margin (GPM) Sales cost of sales

More information

Chapter 8: Promissory Notes, Treasury Bills, & Demand Loans

Chapter 8: Promissory Notes, Treasury Bills, & Demand Loans HOSP 1107 (Business Math) Learning Centre Chapter 8: Promissory Notes, Treasury Bills, & Demand Loans Issued by Face Value Term Interest Rate Promissory Note Treasury Bill/T-bill Demand Loan Banks, companies,

More information

Solution. Term: Fall Year: Time Period Start time: 9:00 am End time: 11:30 am

Solution. Term: Fall Year: Time Period Start time: 9:00 am End time: 11:30 am Solution Term: Fall Year: 2011 Student Name Student ID Number Date of Exam Thursday, December 15, 2011 Time Period Start time: 9:00 am End time: 11:30 am Duration of Exam 2.5 hours Number of Exam Pages

More information

CHAPTER 27. Short-Term Financial Planning. Chapter Synopsis

CHAPTER 27. Short-Term Financial Planning. Chapter Synopsis CHAPTER 27 Short-Term Financial Planning Chapter Synopsis 27.1 Forecasting Short-Term Financing Needs The first step in short-term financial planning is to forecast the company s future cash flows. This

More information

Chapter 8 Accounting for Receivable

Chapter 8 Accounting for Receivable Chapter 8 Accounting for Receivable Type of receivable: Receivable refers to amounts due from individuals and companies. o Account receivable: Amount customer owe on account, result from sales of goods

More information

Chapter 8 Accounting for Receivables

Chapter 8 Accounting for Receivables Chapter 8 Accounting for Receivables Types of Receivables Receivables: amounts due from individuals and companies that are expected to be collected in cash. 1. Accounts Receivables: amounts owed by customers

More information

Financial Summary 3rd quarter of FY2012. January 29, 2013 Tohoku Electric Power Co., Inc.

Financial Summary 3rd quarter of FY2012. January 29, 2013 Tohoku Electric Power Co., Inc. Financial Summary FY2012 January 29, 2013 Tohoku Electric Power Co., Inc. Contents 1. Summary of the FY2012 Results 2. Electricity Sales 3. Large Industry Sector 4. Electricity Generated and Purchased,

More information

Key Economic Concepts: What is interest and how does it affect you?

Key Economic Concepts: What is interest and how does it affect you? Section 3 Financial Security Title of Lesson: Saving Accounts Prepared by: LaRee Misek Contact information: laree.misek@sendit.nodak.edu Time Allotment: 4 days Grade: Business Math Class Grades 10-11 Key

More information

Fin 5413 CHAPTER FOUR

Fin 5413 CHAPTER FOUR Slide 1 Interest Due Slide 2 Fin 5413 CHAPTER FOUR FIXED RATE MORTGAGE LOANS Interest Due is the mirror image of interest earned In previous finance course you learned that interest earned is: Interest

More information

MORGAN STANLEY Financial Supplement - 3Q2004 Table of Contents

MORGAN STANLEY Financial Supplement - 3Q2004 Table of Contents Financial Supplement - 3Q2004 Table of Contents Page # 1. Financial Summary 2. Quarterly Consolidated Income Statement 3. Quarterly Total Company Financial Information and Statistical Data 4. Quarterly

More information

Chapter 10 Capital Markets and the Pricing of Risk

Chapter 10 Capital Markets and the Pricing of Risk Chapter 10 Capital Markets and the Pricing of Risk 10-1. The figure below shows the one-year return distribution for RCS stock. Calculate a. The expected return. b. The standard deviation of the return.

More information

CREDIT UNION TRENDS REPORT

CREDIT UNION TRENDS REPORT CREDIT UNION TRENDS REPORT CUNA Mutual Group Economics June 2 (April 2 data) Highlights During April, credit unions picked up 3, new memberships, credit union loan balances grew at an annualized 1.7% pace,

More information

CASH BUDGETS & PROJECTED INCOME STATEMENTS

CASH BUDGETS & PROJECTED INCOME STATEMENTS SESSION 10: CASH BUDGETS & PROJECTED INCOME STATEMENTS KEY CONCEPTS: In this session we will look at: - Users of Budgets - Purpose of Analysing the Monthly Cash Budgets - How to do a Monthly Cash Budget

More information

G5 Entertainment Quarter Update Q1 16

G5 Entertainment Quarter Update Q1 16 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16 Quarter Update Q1 16 Share Price Market Capitalisation Target Price 30.7 SEK 270.2 msek 44.0 SEK Last updated on the

More information

Case 2:08-cv-02463-ABC-E Document 1-4 Filed 04/15/2008 Page 1 of 138. Exhibit 8

Case 2:08-cv-02463-ABC-E Document 1-4 Filed 04/15/2008 Page 1 of 138. Exhibit 8 Case 2:08-cv-02463-ABC-E Document 1-4 Filed 04/15/2008 Page 1 of 138 Exhibit 8 Case 2:08-cv-02463-ABC-E Document 1-4 Filed 04/15/2008 Page 2 of 138 Domain Name: CELLULARVERISON.COM Updated Date: 12-dec-2007

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

GE Capital. Second quarter 2012 supplement

GE Capital. Second quarter 2012 supplement GE Capital Second quarter supplement Results are unaudited. This document contains forward-looking statements that is, statements related to future, not past, events. In this context, forward-looking statements

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

Developing your business plan

Developing your business plan Business Banking Business Coach Series Developing your business plan Building a business plan Stating your goals Plan for the future Developing your business plan The situation You intend to start up a

More information

Investment Planning 101

Investment Planning 101 Investment Planning 101 Setting Your Goals How SMART Are Your Goals? Specific Measurable Attainable Relevant Timely Write down and prioritize your goals. An Emergency Fund Where you An emergency keep your

More information

8000 100 = Rs 800 Face value of 500 shares = Rs (500 20) = Rs 10000 800 Rate of dividend = = 8%. Math Class X 2 Question Bank

8000 100 = Rs 800 Face value of 500 shares = Rs (500 20) = Rs 10000 800 Rate of dividend = = 8%. Math Class X 2 Question Bank Question Bank Shares And Dividend 1. Find the dividend due at the end of a year on 250 shares of Rs 50 each, if the half yearly dividend is 4% of the value of the share. Half-yearly dividend on 1 share

More information

Dodge & Cox Stock Fund

Dodge & Cox Stock Fund 3 s 1/31/65 $12.77 2.16% N.A. 2.16% N.A. N.A. N.A. N.A. N.A. 2/28/65 $13.07 2.35% N.A. 4.56% N.A. N.A. N.A. N.A. N.A. 3/31/65 $13.00 -.54% 4.00% 4.00% N.A. N.A. N.A. N.A. N.A. 4/30/65 $13.45 3.46% 5.33%

More information

CENTERPOINT ENERGY TEXARKANA SERVICE AREA GAS SUPPLY RATE (GSR) JULY 2015. Small Commercial Service (SCS-1) GSR

CENTERPOINT ENERGY TEXARKANA SERVICE AREA GAS SUPPLY RATE (GSR) JULY 2015. Small Commercial Service (SCS-1) GSR JULY 2015 Area (RS-1) GSR GSR (LCS-1) Texarkana Incorporated July-15 $0.50690/Ccf $0.45450/Ccf $0.00000/Ccf $2.85090/MMBtu $17.52070/MMBtu Texarkana Unincorporated July-15 $0.56370/Ccf $0.26110/Ccf $1.66900/Ccf

More information

The Impact of Interest Rates on Real Estate Securities

The Impact of Interest Rates on Real Estate Securities The Impact of Interest Rates on Real Estate Securities The challenge for real estate securities investors is determining how monetary policy and interest rates affect prices and returns. Highlights Not

More information

SPAR NORD ANNOUNCES CONDITIONAL PUBLIC OFFER FOR SHARES IN NØRRESUNDBY BANK A/S. Investor and analyst briefing, 10 November 2014

SPAR NORD ANNOUNCES CONDITIONAL PUBLIC OFFER FOR SHARES IN NØRRESUNDBY BANK A/S. Investor and analyst briefing, 10 November 2014 SPAR NORD ANNOUNCES CONDITIONAL PUBLIC OFFER FOR SHARES IN NØRRESUNDBY BANK A/S Investor and analyst briefing, 0 November 204 DISCLAIMER The information contained in this presentation shall not constitute

More information

Understanding Your Life Insurance Options

Understanding Your Life Insurance Options Understanding Your Life Insurance Options Designed for: Marathonbenefits.com Designed by: Marathon Benefit Corp. Ph: 403-238-7343 sales@marathonbenefits.com September 17, 2010 U N D E R S T A N D I N G

More information

Financialfacts. London Life participating life insurance. Accountability Strength Performance

Financialfacts. London Life participating life insurance. Accountability Strength Performance 2014 Financialfacts London Life participating life insurance Accountability Strength Performance This guide provides key financial facts about the management, strength and performance of the London Life

More information

Recent Developments in Behavioral Finance

Recent Developments in Behavioral Finance Recent Developments in Behavioral Finance Terrance Odean University of California, Berkeley The 2 nd Annual Conference on Personal Risk Management The Individual Finance and Insurance Decisions (IFID)

More information

Untangling F9 terminology

Untangling F9 terminology Untangling F9 terminology Welcome! This is not a textbook and we are certainly not trying to replace yours! However, we do know that some students find some of the terminology used in F9 difficult to understand.

More information

Instructions Prepare the journal entries to record the transactions described above. Dec. 31 Received a cash dividend of $3 per share.

Instructions Prepare the journal entries to record the transactions described above. Dec. 31 Received a cash dividend of $3 per share. 118 Chapter 16 Investments EXERCISES: SET B Journalize debt investment transactions and accrue interest. (SO 2) E16-1B Jan. Holtz Corporation had the following transactions pertaining to debt investments.

More information

Introduction to Investment Planning

Introduction to Investment Planning Dunhill Financial Advisors Bob Fitt Branch Manager 1190 Old York Road Suite B Hartsville, PA 18974 215-675-8440 (215) 675-8440 Robert.Fitt@RaymondJames.com www.dunhillfinancial.com Introduction to Investment

More information

Summary of Mortgage Servicing Rules

Summary of Mortgage Servicing Rules February 12, 2013 Summary of Mortgage Servicing Rules The Consumer Financial Protection Bureau (CFPB) released its final rules on mortgage loan servicing on January 17, 2013. These new national standards

More information

NEWS RELEASE TO BUSINESS EDITOR

NEWS RELEASE TO BUSINESS EDITOR NEWS RELEASE TO BUSINESS EDITOR DIMECO, INC. ANNOUNCES EARNINGS FOR YEAR AND QUARTER ENDED SEPTEMBER 30, 2015 Honesdale, PA, October 28, 2015/ Dimeco, Inc. (OTC Pink: DIMC), parent company of The Dime

More information

Start Your. Business Business Plan

Start Your. Business Business Plan Start Your Waste Recycling Business A TECHNICAL STEP-BY-STEP-GUIDE OF HOW TO START A COMMUNITY-BASED WASTE RECYCLING BUSINESS Start Your Waste Recycling Business Business Plan INTERNATIONAL LABOUR OFFICE

More information

Financial Information Package for the Fourth Quarter 2004. As at December 31, 2004

Financial Information Package for the Fourth Quarter 2004. As at December 31, 2004 Financial Information Package for the Fourth Quarter 2004 As at December 31, 2004 TABLE OF CONTENTS PAGE HIGHLIGHTS 1 PROFITABILITY 3 Profit (2003 restated) Return on common shareholders' equity (2003

More information

REAL ESTATE INVESTMENT TRUSTS (REITs)

REAL ESTATE INVESTMENT TRUSTS (REITs) UNDERSTANDING REAL ESTATE INVESTMENT TRUSTS (REITs) www.griffincapital.com KEY TERMS for ASSESSING REITS NET LEASE TRIPLE NET LEASE ABSOLUTE NET LEASE GAAP STRAIGHT-LINING FUNDS FROM OPERATIONS (FFO) MODIFIED

More information

ALM in UK Life. DRAFT 12 January 2011 V1

ALM in UK Life. DRAFT 12 January 2011 V1 ALM in UK Life WP & Annuity strategy t John Lister DRAFT 12 January 2011 V1 1 ALM in UK Life Summary Asset and Liability management is at the core of what we do This combined with the quality of our credit

More information

CREDIT UNION TRENDS REPORT

CREDIT UNION TRENDS REPORT CREDIT UNION TRENDS REPORT CUNA Mutual Group Economics July 2 (May 2 data) Highlights First quarter data revisions were modest. The number of credit unions was revised down by and assets and loans were

More information

8% Preferred Return. Plus profit participation

8% Preferred Return. Plus profit participation Investing in residential Real Estate in the Southwest United States 8% Preferred Return Plus profit participation Capstone Real Estate Synonymous with successful real estate investing. Cementing a solid

More information

Jan. 6 Accounts Receivable Chose Inc... 9,200 Sales Revenue... 9,200

Jan. 6 Accounts Receivable Chose Inc... 9,200 Sales Revenue... 9,200 EXERCISE 8-1 Jan. 6 Accounts Receivable Chose Inc... 9,200 Sales Revenue... 9,200 16 Cash ($9,200 $92)... 9,108 Sales Discounts (1% X $9,200)... 92 Accounts Receivable Chose Inc... 9,200 EXERCISE 8-2 Jan.

More information

Federal Home Loan Bank of San Francisco Announces Second Quarter Operating Results

Federal Home Loan Bank of San Francisco Announces Second Quarter Operating Results News Release Federal Home Loan Bank of San Francisco Announces Second Quarter Operating Results San Francisco, The Federal Home Loan Bank of San Francisco today announced that its net income for the second

More information

Tax Return Questionnaire - 2014 Tax Year

Tax Return Questionnaire - 2014 Tax Year Print this form out, take some time to fill it out, and bring it with you when you come to the office. This will save you time and money, and help us help you more effectively. Tax Return Questionnaire

More information