Liquidation balance sheet per for. REC Solar ASA in liquidation

Size: px
Start display at page:

Download "Liquidation balance sheet per for. REC Solar ASA in liquidation"

Transcription

1 Liquidation balance sheet per for REC Solar ASA in liquidation Reg. org. number

2 Report on the Liquidation balance sheet 31 May 2015 The liquidation Board of Directors of REC Solar ASA has drawn up a summary of the company's assets, rights and liabilities in conjunction with the liquidation of the company. The liquidation Board of Directors has prepared a liquidation balance per 31 May 2015 according to Norwegian Public Limited Liability Companies Act The liquidation Board of Directors is not aware of any other assets/immaterial rights with a material value, other than presented in the liquidation balance. Further, the liquidation Board of Directors is not aware of any other debt, warranties nor duties, other than presented in the liquidation balance. The liquidation Board of Directors of REC Solar ASA is of the opinion that the presented liquidation balance represents a complete survey of the company's assets, rights and liabilities, in conjunction with the liquidation of the company, and the disposal of net assets to the shareholders. Oslo, / 2015 Ole Enger Chairman of Liquidation Board _ Jan Christian Opsahl Anne Lise Meyer _ Mimi Kristine Berdal

3 Liquidation balance sheet pr Note ASSETS FIXED ASSETS Financial fixed assets Investments in subsidiaries 2 1 Total financial fixed assets 1 TOTAL FIXED ASSETS 1 CURRENT ASSETS Receivables Receivables on group companies 0 Other short-term receivables Estimated interest income Total receivables Bank deposits, cash in hand, etc TOTAL CURRENT ASSETS TOTAL ASSETS EQUITY AND LIABILITIES EQUITY Paid-in equity Share capital 5, Share premium reserve 5, Total paid-in equity Retained earnings Other equity Total retained earnings TOTAL EQUITY LIABILITIES CURRENT LIABILITIES Accounts payable 480 Public duties payable Liabilities to group companies 0 Other current liabilities Estimated liquidation costs TOTAL CURRENT LIABILITIES TOTAL LIABILITIES TOTAL EQUITY AND LIABILITIES Oslo, / 2015 Ole Enger Chairman of Liquidation Board Jan Christian Opsahl Anne Lise Meyer Mimi Kristine Berdal Liquidation balance sheet for REC Solar ASA in liquidation Organization no

4 Notes to Liquidation balance sheet Note 1 - Principles to liquidation balance sheet The liquidation balance sheet is prepared in accordance with the Norwegian Public Limited Liability Companies Act As a general principle, the Company's assets are valued based on expected net proceeds from realization, while liabilities are recognized based on settlement value. Expected income and expenses in the period until final dissolution, have been recognized. Per 31 May 2015 the primary assets for the Company are cash deposits, including estimated interest on the cash deposits, from 1 June 2015 until expected date of final dissolution. See note 3. The primary liabilities for the Company are related to incurred and expected liquidation costs, and public duties. Note 2 - Subsidiaries The subsidiaries are accounted for in the financial statements based on net realizable value. Subsidiary: Acq. cost: Book value: Fourteen Creeper S.à r.l., Luxembourg Total Profit Equity Subsidiary: No. of shares Ownership Fourteen Creeper S.à r.l % 0 0 Total 0 0 Fourteen Creeper S.à r.l. is expected to be liquidated in June/July Note 3 - Estimated interest income The estimated interest income is based on the premise that the liquidation proceeds to shareholders are paid out in August 2015 and that the NIBOR 1m interest rate stays at approximately 1,4% in the period from 1. June 2015 until payment of the liquidation proceeds. The estimate is subject to changes in market and operating conditions. Note 4 - Restricted bank deposits Restr. bank acct. for employee's withh. taxes: Note 5 - Equity Share Other Total Share capital premium equity equity As pr Profit for the period As pr Notes for REC Solar ASA in liquidation Organization no

5 Notes to Liquidation balance sheet Note 6 - Share holders The company has one class of shares, shares with face value NOK 1,- pr. share, total share capital is NOK The company has at 31 May shareholders, owning more than 5 % of share capital: Share holder No of shares Ownership The Bank of New York Mellon SA/NV ,26 % QVT Fund V LP ,63 % Morgan Stanley & Co. International ,93 % Folketrygdfondet ,21 % JPMorgan Chase Bank N.A ,26 % UBS AG, London Branch ,20 % Other share holders ,51% Total % Note 7 - Estimated liquidation costs The estimated liquidation cost is based on the premise that the liquidation proceeds are paid to shareholders in August 2015 and that the company is liquidated by August/September Note 8 - Tax Tax calculation is based on and is in accordance with the Company's presented tax return for fiscal years 2014 and Tax base 2015 Profit before taxes Permanent and other differences Fiscal year's tax base / loss Fiscal year's tax cost 2015 Tax payable 0 Change in deferred tax (asset) 0 Total ordinay tax costs 0 Temporary differences and deferred tax (asset) Tax losses carried forward Total negative tax reducing differences Differences not included in calcuation of deferred tax Deferred tax in balance sheet 0 Deferred tax asset is not booked, due to the liquidation of the company. Notes for REC Solar ASA in liquidation Organization no

Interim report 1st quarter 2016

Interim report 1st quarter 2016 Interim report 1st quarter 2016 About Komplett Bank ASA Komplett Bank ASA started banking operations on 21 March 2014 when the company received its banking licence from the Norwegian authorities. Komplett

More information

IBM Finans Norge AS. Condensed Interim Financial Statements. 31 March 2015

IBM Finans Norge AS. Condensed Interim Financial Statements. 31 March 2015 Condensed Interim Financial Statements Condensed Interim Financial Statements For the Quarter Ended Contents Page Condensed Interim Statement of Comprehensive Income 2 Condensed Interim Statement of Financial

More information

IBM Finans Norge AS. Condensed Interim Financial Statements. 31 March 2013

IBM Finans Norge AS. Condensed Interim Financial Statements. 31 March 2013 Condensed Interim Financial Statements Condensed Interim Financial Statements For the Quarter Ended Contents Page Condensed Interim Statement of Comprehensive Income 2 Condensed Interim Statement of Financial

More information

IBM Finans Norge AS. Condensed Interim Financial Statements. 31 March 2014

IBM Finans Norge AS. Condensed Interim Financial Statements. 31 March 2014 Condensed Interim Financial Statements Condensed Interim Financial Statements For the Quarter Ended Contents Page Condensed Interim Statement of Comprehensive Income 2 Condensed Interim Statement of Financial

More information

Interim report 2nd quarter 2016

Interim report 2nd quarter 2016 Interim report 2nd quarter 2016 About Komplett Bank ASA Komplett Bank ASA started banking operations on 21 March 2014 when the company received its banking licence from the Norwegian authorities. Komplett

More information

Chimimport AD Interim financial statements 31 December 2006 PUBLIC LISTED COMPANY

Chimimport AD Interim financial statements 31 December 2006 PUBLIC LISTED COMPANY 1 Contents Page Interim balance sheet 2 Interim income statement 4 Interim cash flow statement 5 Interim statement of changes in equity 6 Selected explanatory notes to the interim 7 financial statements.

More information

IBM Finans Norge AS. Condensed Interim Financial Statements. 30 September 2014

IBM Finans Norge AS. Condensed Interim Financial Statements. 30 September 2014 Condensed Interim Financial Statements Condensed Interim Financial Statements For the Quarter Ended Contents Page Condensed Interim Statement of Comprehensive Income 2 Condensed Interim Statement of Financial

More information

IBM Finans Norge AS. Condensed Interim Financial Statements. 30 September 2015

IBM Finans Norge AS. Condensed Interim Financial Statements. 30 September 2015 Condensed Interim Financial Statements Condensed Interim Financial Statements For the Quarter Ended Contents Page Condensed Interim Statement of Comprehensive Income 2 Condensed Interim Statement of Financial

More information

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

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

More information

About Komplett Bank ASA. Outlook. Developments to date

About Komplett Bank ASA. Outlook. Developments to date Interim report 3 rd quarter 2015 About Komplett Bank ASA Komplett Bank ASA started banking operations on 21 March 2014 when the company received its banking licence from the Norwegian authorities. Komplett

More information

- The company intends to apply for a listing on Oslo Axess before the end of the year.

- The company intends to apply for a listing on Oslo Axess before the end of the year. AKER EXPLORATION ASA REPORT OF THE BOARD OF DIRECTORS FOR THE THREE MONTHS ENDED 30 JUNE 2007 Company development During the second quarter 2007 the Company has continued to develop the business model.

More information

Nordic Mining ASA Interim Report per 30 March 2007

Nordic Mining ASA Interim Report per 30 March 2007 Nordic Mining ASA Interim Report per 30 March 2007 Nordic Mining ASA Nordic Mining is a mining company aiming for growth based on integrated activity within exploration, extraction and production of high-end

More information

About Komplett Bank ASA. Outlook. Developments to date

About Komplett Bank ASA. Outlook. Developments to date Interim report 4th quarter 2015 About Komplett Bank ASA Komplett Bank ASA started banking operations on 21 March 2014 when the company received its banking licence from the Norwegian authorities. Komplett

More information

Profit is affected by seasonal variations and ramp up of new employees. EBITDA of NOK 1 (-2) million and 0.5% (-2.7%) margin in the third quarter.

Profit is affected by seasonal variations and ramp up of new employees. EBITDA of NOK 1 (-2) million and 0.5% (-2.7%) margin in the third quarter. 2 /16 Highlights Q3 The growth continues in the third quarter with strong growth in number of employees and low turnover rate. Profit is affected by seasonal variations and ramp up of new employees. Cancellation

More information

Telio Holding ASA. 3rd QUARTER REPORT 2011

Telio Holding ASA. 3rd QUARTER REPORT 2011 Telio Holding ASA 3rd QUARTER REPORT 2011 Telio Holding ASA 3 rd Quarter Report 2011 Summary Telio has seen an improvement in customer intake during the 3rd quarter adding net 3,883 customers to the customer

More information

INTERIM REPORT Q1 2016 PROTECTOR FORSIKRING ASA

INTERIM REPORT Q1 2016 PROTECTOR FORSIKRING ASA INTERIM REPORT Q1 2016 PROTECTOR FORSIKRING ASA (UNAUDITED) APRIL 2016 Highlights Q1 2016 Growth 26% - First UK client on board Protector delivers a strong premium growth for the first quarter of 2016,

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

NOTES NOTE 1 SUBSIDIARIES NOTE 2 RECEIVABLES. Cash flow statement

NOTES NOTE 1 SUBSIDIARIES NOTE 2 RECEIVABLES. Cash flow statement Blueway annual report 2010 Blueway AS Notes to the Accounts 47 Taxes related to paid group contributions which is booked as an increase of the cost price of the related shares, and taxes related to received

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

REPORT for 1 st QUARTER 2014 CONSOLIDATED

REPORT for 1 st QUARTER 2014 CONSOLIDATED REPORT for 1 st QUARTER 2014 CONSOLIDATED 1 VARDIA INSURANCE GROUP ASA - CONSOLIDATED HIGHLIGHTS Vardia ASA experienced a first quarter with all-time-high sales and a strong growth Gross written premiums

More information

1st Quarter 2008 www.globalrig.no

1st Quarter 2008 www.globalrig.no Report for Global Rig Company ASA 1st Quarter 2008 www.globalrig.no Rig 2 ready for drilling operations. The rig is on a 1+1+1 well contract and started earning money in January. Highlights Strong momentum

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

Protector Forsikring ASA

Protector Forsikring ASA Protector Forsikring ASA Q1 results 2010 Investor presentation 29 April 2010 Protector Forsikring ASA A focused non-life Norwegian insurance company Established Jan.1, 2004. (Listed on Oslo Stock Exchange

More information

INFORMATION TO SHAREHOLDERS IN CONNECTION WITH THE PROPOSED SALE TO BLUESTAR ELKEM

INFORMATION TO SHAREHOLDERS IN CONNECTION WITH THE PROPOSED SALE TO BLUESTAR ELKEM REC SOLAR ASA INFORMATION TO SHAREHOLDERS IN CONNECTION WITH THE PROPOSED SALE TO BLUESTAR ELKEM Page 2 of 9 CONTENTS Letter of recommendation from the Chairman of REC Solar ASA Page 3 Explanation of the

More information

Independent Oil & Resources ASA 4. quarter 2008

Independent Oil & Resources ASA 4. quarter 2008 4. quarter 2008 Operation and business management Independent Oil & Resources ASA ( IOR or the Company ) is an investment and holding company, located in Stavanger. The Company's shares are traded at the

More information

Report for the second quarter 2016. Norwegian Finans Holding ASA

Report for the second quarter 2016. Norwegian Finans Holding ASA Report for the second quarter 2016 Norwegian Finans Holding ASA Norwegian Finans Holding ASA Report for the second quarter 2016 Norwegian Finans Holding ASA (NFH) owns 100% of the shares in Bank Norwegian

More information

CONSOLIDATED INCOME STATEMENTS

CONSOLIDATED INCOME STATEMENTS ATTACHMENTS TO THE PRESS RELEASE The consolidated Income Statements, consolidated Statements of Financial Position and the Consolidated Statements of Cash Flows as well as the Net Financial Debt of INWIT,

More information

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

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

More information

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

Acta Holding ASA. Presentation 3rd quarter 2005. Chief Executive Officer Simen Mørdre October 28, 2005

Acta Holding ASA. Presentation 3rd quarter 2005. Chief Executive Officer Simen Mørdre October 28, 2005 Acta Holding ASA Presentation 3rd quarter 25 Chief Executive Officer Simen Mørdre October 28, 25 Agenda Highlights 3rd quarter Interim Financial Statements Segment information Shareholder matters Priorities

More information

Interim Report. 4th quarter 2008

Interim Report. 4th quarter 2008 Interim Report 4th quarter 2008 Nordic Semiconductor ASA 4th quarter 2008 Revenue in Q4 68.9 MNOK, an increase of 40% over Q4 2007 of 49.2 MNOK. A stronger USD rated contributed NOK 14 relative to Q4 2007.

More information

INTERIM REPORT Q2 2016 PROTECTOR FORSIKRING ASA

INTERIM REPORT Q2 2016 PROTECTOR FORSIKRING ASA INTERIM REPORT Q2 2016 PROTECTOR FORSIKRING ASA (UNAUDITED) JULY 2016 Highlights Q2 2016 Very strong operating profit Protector delivers an operating profit of NOK 255 million in the second quarter of

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

Financial report June Volkswagen International Finance N.V. Amsterdam

Financial report June Volkswagen International Finance N.V. Amsterdam Financial report June 2015 Volkswagen International Finance N.V. Amsterdam Management report Volkswagen International Finance N.V. ( VIF or the company ) is one of the funding vehicles of Volkswagen AG,

More information

INCOME STATEMENT BP NORGE AS

INCOME STATEMENT BP NORGE AS INCOME STATEMENT NOK 1 000 Notes 2015 2014 Operating income Petroleum income 2 7 899 328 12 377 232 Other income 3 35 321 91 730 Total operating income 7 934 649 12 468 962 Operating expenses Change in

More information

2014 FIRST QUARTER RESULTS CONFERENCE CALL. May 15th, 2014

2014 FIRST QUARTER RESULTS CONFERENCE CALL. May 15th, 2014 2014 FIRST QUARTER RESULTS CONFERENCE CALL May 15th, 2014 DISCLAIMER This presentation has been prepared by Eurotech S.p.A.(or Eurotech ) and has to be read in conjunction with its oral presentation. The

More information

Aurora LPG Holding ASA

Aurora LPG Holding ASA Unaudited Condensed Interim Financial Statements Q1 2016 2 Contents Highlights of operational review... 3 Unaudited consolidated income statement for the first quarter of 2016, first quarter 2015 and full

More information

WESTERN DIGITAL CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS. (in millions; unaudited) ASSETS

WESTERN DIGITAL CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS. (in millions; unaudited) ASSETS CONDENSED CONSOLIDATED BALANCE SHEETS (in millions; unaudited) ASSETS Apr. 1, July 3, 2016 2015 Current assets: Cash and cash equivalents $ 5,887 $ 5,024 Short-term investments 146 262 Accounts receivable,

More information

Interim Report. First half 2008

Interim Report. First half 2008 Interim Report First half 2008 Nordic Semiconductor ASA First half 2008 Revenue at MNOK 147.4, an increase of 3% compared to first half of 2007 (cont. operations) Component sales advanced 14% (MNOK 17.6)

More information

Quarterly average P&L Exchange rates NOK/USD 8,9130 8,1830 7,5235 7,3199 7,9848 Balance Exchange rates NOK/USD 8,8077 7,4491 7,4457 6,9657 6,9657

Quarterly average P&L Exchange rates NOK/USD 8,9130 8,1830 7,5235 7,3199 7,9848 Balance Exchange rates NOK/USD 8,8077 7,4491 7,4457 6,9657 6,9657 Year 2002 Quarterly average P&L Exchange rates NOK/USD 8,9130 8,1830 7,5235 7,3199 7,9848 Balance Exchange rates NOK/USD 8,8077 7,4491 7,4457 6,9657 6,9657 NOK USD Figures in 1000 Q1 2002 Q1 2002 Exch.rate

More information

Oslo Børs Holding ASA fourth quarter 2004

Oslo Børs Holding ASA fourth quarter 2004 Oslo Børs Holding ASA fourth quarter 24 Fourth quarter highlights: Continuing very high level of market activity Operating revenues NOK 7.4m (62.2m) Profit NOK 2.5m (1.9m) Earnings per share NOK 4.1 (2.19)

More information

VERSAILLES FINANCIAL CORPORATION FINANCIAL STATEMENTS March 31, 2013 CONTENTS

VERSAILLES FINANCIAL CORPORATION FINANCIAL STATEMENTS March 31, 2013 CONTENTS FINANCIAL STATEMENTS March 31, 2013 CONTENTS FINANCIAL STATEMENTS CONSOLIDATED BALANCE SHEETS March 31, 2013 (Unaudited) and June 30, 2012... 1 CONSOLIDATED STATEMENTS OF INCOME Three months ended March

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

Equity per share (NOK) 147 123 131 Equity ratio 39 % 38 % 36 % Non-current net asset value per share (NOK) (EPRA NNNAV) 2) 184 152 165

Equity per share (NOK) 147 123 131 Equity ratio 39 % 38 % 36 % Non-current net asset value per share (NOK) (EPRA NNNAV) 2) 184 152 165 REPORT FOR Q2 AND THE FIRST 6 MONTHS OF 2015 KEY FIGURES Amounts in NOK million Q2 2015 Q2 2014 30.06.15 30.06.14 2014 Net rental income 501 450 1 005 904 1 883 Fair value adjustments in investment properties

More information

Acta Holding ASA Presentation 2nd quarter 2005. Simen Mordre, CEO Jan Rune Steinsland, CFO August 11, 2005

Acta Holding ASA Presentation 2nd quarter 2005. Simen Mordre, CEO Jan Rune Steinsland, CFO August 11, 2005 Acta Holding ASA Presentation 2nd quarter 25 Simen Mordre, CEO Jan Rune Steinsland, CFO August 11, 25 Agenda Highlights 2nd quarter Strategy Interim Financial Statements Segment information Shareholder

More information

2015 FIRST HALF RESULTS CONFERENCE CALL. August 31st, 2015

2015 FIRST HALF RESULTS CONFERENCE CALL. August 31st, 2015 2015 FIRST HALF RESULTS CONFERENCE CALL August 31st, 2015 DISCLAIMER This presentation has been prepared by Eurotech S.p.A.(or Eurotech ) and has to be read in conjunction with its oral presentation. The

More information

Highlights of Consolidated Financial Results for FY2007 First Quarter (April 1,2006 through June 30,2006)

Highlights of Consolidated Financial Results for FY2007 First Quarter (April 1,2006 through June 30,2006) Highlights of Consolidated Financial Results for FY2007 First Quarter (April 1,2006 through June 30,2006) Company name: TACHI-S Co., Ltd. Stock Exchange Listed: Tokyo Stock Exchange Code Number: 7239 Location

More information

I. Consolidated Balance Sheet

I. Consolidated Balance Sheet I. Consolidated Balance Sheet Note At 30 2013 At 31 December ASSETS Non-current assets Property, plant and equipment 3.2 361 738 357 715 Goodwill 3.3 44 061 44 061 Other intangible assets 3.4 82 472 96

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

ILLUSTRATION 5-1 BALANCE SHEET CLASSIFICATIONS

ILLUSTRATION 5-1 BALANCE SHEET CLASSIFICATIONS ILLUSTRATION 5-1 BALANCE SHEET CLASSIFICATIONS MAJOR BALANCE SHEET CLASSIFICATIONS ASSETS = LIABILITIES + OWNERS' EQUITY Current Assets Long-Term Investments Current Liabilities Long-Term Debt Capital

More information

Consolidated Statements of Profit or Loss Ricoh Company, Ltd. and Consolidated Subsidiaries For the Years Ended March 31, 2014 and 2015

Consolidated Statements of Profit or Loss Ricoh Company, Ltd. and Consolidated Subsidiaries For the Years Ended March 31, 2014 and 2015 Consolidated Statements of Profit or Loss Sales: Products 1,041,794 1,071,446 8,928,717 Post sales and rentals 1,064,555 1,068,678 8,905,650 Other revenue 89,347 91,818 765,150 Total sales 2,195,696 2,231,942

More information

HIGHLIGHTS FIRST QUARTER 2016

HIGHLIGHTS FIRST QUARTER 2016 Q1-16 EUROPRIS ASA 2 CONTENTS / HIGHLIGHTS FIRST QUARTER 2016 HIGHLIGHTS FIRST QUARTER 2016 (Figures for the corresponding period of last year in brackets. The figures are unaudited.) Group revenues increased

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

3 Audited financial statements for the year ended 31 December 2009

3 Audited financial statements for the year ended 31 December 2009 3 Audited financial statements income statement Revenue from Continuing Operations Commonwealth Government Financial Assistance excluding hecs help higher education Contribution scheme (hecs help) 2.1

More information

20 Lafayette LLC (A Limited Liability Company) Balance Sheet December 31, 2015

20 Lafayette LLC (A Limited Liability Company) Balance Sheet December 31, 2015 Balance Sheet Contents Page(s) Independent Auditors Report... 1 Financial Statement Balance Sheet... 2 Notes to Balance Sheet... 3 7 Independent Auditors Report To the Members of 20 Lafayette LLC We have

More information

Instructions of Criteria for Solvency of Brokerage Companies Operating on the Stock Exchange

Instructions of Criteria for Solvency of Brokerage Companies Operating on the Stock Exchange Instructions of Criteria for Solvency of Brokerage Companies Operating on the Stock Exchange Issued by virtue of the Executive Committee decision No. 2/95, Dated 4/1/1995 Instructions of Criteria for Solvency

More information

Statement of Financial Accounting Standards No. 7. Consolidated Financial Statements

Statement of Financial Accounting Standards No. 7. Consolidated Financial Statements Statement of Financial Accounting Standards No. 7 Statement of Financial Accounting Standards No. 7 Consolidated Financial Statements 30 November 2004 Translated by Wei-heng Lin, Associate Professor (Chung

More information

Per AarsleffA/S in the course offormation

Per AarsleffA/S in the course offormation Per AarsleffA/S in the course offormation Lokesvej 15 DK-823o Abyhoj Opening Balance Sheet at 1 October 2015 following contribution of activities from Per Aarsleff Holding A/S, CVR No 24 25 77 97 Contents

More information

information 05: Shareholder

information 05: Shareholder 131 Introduction p.132 Dividend policy p.132 Buyback of shares p.132 Funding and credit quality p.132 Major shareholders and voting rights p.133 Key figures for the Hydro share p.135 Information from Hydro

More information

SEAGATE TECHNOLOGY PLC CONDENSED CONSOLIDATED BALANCE SHEETS (In millions) (Unaudited)

SEAGATE TECHNOLOGY PLC CONDENSED CONSOLIDATED BALANCE SHEETS (In millions) (Unaudited) CONDENSED CONSOLIDATED BALANCE SHEETS (In millions) July 3, (a) ASSETS Current assets: Cash and cash equivalents $ 1,193 $ 2,479 Short-term investments 6 6 Accounts receivable, net 1,250 1,735 Inventories

More information

Statement of Financial Accounting Standards No.150. Accounting for Certain Financial Instruments with Characteristics of Both Liabilities and Equity

Statement of Financial Accounting Standards No.150. Accounting for Certain Financial Instruments with Characteristics of Both Liabilities and Equity Statement of Financial Accounting Standards No.150 Accounting for Certain Financial Instruments with Characteristics of Both Liabilities and Equity Introduction Established standards for how a company

More information

VPS Holding ASA Report for the Second Quarter Good second quarter, high level of activity in the stock market

VPS Holding ASA Report for the Second Quarter Good second quarter, high level of activity in the stock market VPS Holding ASA Report for the Second Quarter Good second quarter, high level of activity in the stock market (Figures for same period last year in brackets) In the second quarter, VPS Holding ASA achieved

More information

Oslo Børs Holding ASA second quarter 2004

Oslo Børs Holding ASA second quarter 2004 Oslo Børs Holding ASA second quarter 24 Second quarter highlights: Activity in the market remains buoyant Good supply of new companies Operating revenues: NOK 64.8 (55.3) million Earnings for the period:

More information

Financial statements of ČEZ, a. s. as of December 31, 2013

Financial statements of ČEZ, a. s. as of December 31, 2013 Financial statements of ČEZ, a. s. as of December 31, 2013 In terms of Section 19a of the Accounting Act, the financial statements of ČEZ, a. s. as of December 31, 2013 were compiled in accordance with

More information

Equity per share (NOK) 135 123 131 Equity ratio 37 % 39 % 36 % Non-current net asset value per share (NOK) (EPRA NNNAV) 2) 170 153 165

Equity per share (NOK) 135 123 131 Equity ratio 37 % 39 % 36 % Non-current net asset value per share (NOK) (EPRA NNNAV) 2) 170 153 165 REPORT Q1/2015 KEY FIGURES Amounts in NOK million Q1 2015 Q1 2014 31.12.14 Net rental income 503 454 1 883 Fair value adjustments in investment properties and interest rate derivatives 1 294-9 281 Profit

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

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

Oslo Børs Holding ASA fourth quarter 2003

Oslo Børs Holding ASA fourth quarter 2003 Oslo Børs Holding ASA fourth quarter 23 Fourth quarter highlights: High market activity and reduced costs brought a good result Profit: 4th qtr NOK 1.9m (7.9m); full year NOK 53.3m (43.m) Earnings per

More information

Consolidated Statement of Profit or Loss

Consolidated Statement of Profit or Loss Consolidated Statement of Profit or Loss Sales: Products 864,699 1,041,794 $ 10,114,505 Post sales and rentals 941,610 1,064,555 10,335,485 Other revenue 79,686 89,347 867,447 Total sales 1,885,995 2,195,696

More information

Financial Statements for the Six Months Ended September 30, 2013

Financial Statements for the Six Months Ended September 30, 2013 November 8, 2013 FOR IMMEDIATE RELEASE Financial Statements for the Six Months Ended The results of Nippon Telegraph and Telephone West Corporation (NTT West) for the six months ended are presented in

More information

Financial Report 9M 2014

Financial Report 9M 2014 Financial Report 9M 2014 1 von 10 12.11.14 13:19 1. Financial Summary Income (in TEUR) 9M 2014 9M 2013 Revenues 9,485 9,992 Software & Subscriptions 8,668 8,127 Services 817 1,865 EBIT 2,926 1,051 as a

More information

ASPE AT A GLANCE Financial Statement Presentation1

ASPE AT A GLANCE Financial Statement Presentation1 ASPE AT A GLANCE Financial Statement Presentation1 December 2014 Financial Statement Presentation 1 OVERALL CONSIDERATIONS Effective Date Fiscal years beginning on or after January 1, 2011 2 FAIR PRESENTATION

More information

IBM Finans Norge AS. Financial Statements. 31 December 2012

IBM Finans Norge AS. Financial Statements. 31 December 2012 Financial Statements 31 December 2012 Financial Statements As at 31 December 2012 Contents Page Directors Report 2 Independent Auditors Report 4 Statement of Comprehensive Income 6 Statement of Financial

More information

FLEET MANAGEMENT SOLUTIONS INC.

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

More information

FIRST QUARTER 2005. Highlights from first quarter 2005 include: Operating profit 10 MNOK (42 MNOK last year)

FIRST QUARTER 2005. Highlights from first quarter 2005 include: Operating profit 10 MNOK (42 MNOK last year) FIRST QUARTER 2005 Highlights from first quarter 2005 include: Revenues 599 MNOK (+1 percent relative to first quarter 2004) Operating profit 10 MNOK (42 MNOK last year) Acquisition of Orwak Group completed

More information

InVision AG Workforce Management Cloud Services Call Center Training. Financial Report 9M 2014

InVision AG Workforce Management Cloud Services Call Center Training. Financial Report 9M 2014 Financial Report 9M 2014 Seite 1 von 7 1. Financial Summary Income (in TEUR) 9M 2014 9M 2013 Revenues 9,485 9,992-5% Software & Subscriptions 8,668 8,127 +7% Services 817 1,865-56% EBIT 2,926 1,051 +178%

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

The Depository Trust Company

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

More information

Statutory Basis Financial Statements. Superior Insurance Company. For the six months ended June 30, 2011 with Accountants Compilation Report

Statutory Basis Financial Statements. Superior Insurance Company. For the six months ended June 30, 2011 with Accountants Compilation Report Statutory Basis Financial Statements Superior Insurance Company with Accountants Compilation Report Statutory Basis Financial Statements Contents Accountants Compilation Report...1 Compiled Financial Statements

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

FREEDOM INVESTMENTS, INC. STATEMENT OF FINANCIAL CONDITION AS OF JUNE 30, 2015 (UNAUDITED)

FREEDOM INVESTMENTS, INC. STATEMENT OF FINANCIAL CONDITION AS OF JUNE 30, 2015 (UNAUDITED) FREEDOM INVESTMENTS, INC. STATEMENT OF FINANCIAL CONDITION AS OF JUNE 30, 2015 (UNAUDITED) ****** Index Page(s) Statement of Financial Condition. 2 Notes to Statement of Financial Condition. 3-5 Statement

More information

Notes 2011 Solvang Group

Notes 2011 Solvang Group Notes 2011 Solvang Group NOTE 1 - CORPORATE INFORMATION AND SIGNIFICANT ACCOUNTING POLICIES CORPORATE INFORMATION Solvang ASA is a public limited company incorporated and domiciled in Norway whose shares

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

WE SIMPLIFY YOUR BUSINESS

WE SIMPLIFY YOUR BUSINESS WE SIMPLIFY YOUR BUSINESS Visma ASA Biskop Gunnerusgt. 6, Postboks 774 Sentrum, NO-0106 OSLO, Norway, tel +47 46 40 40 00, fax +47 23 15 81 58, www.visma.com 4 QUARTER 2005 PRINTED ON 23. JANUARY 2006

More information

- Sub-standard loans 31,093 50,092 - Unrealized interest on sub-standard loans (10,535) (12,698) Net Sub-Standard Loans 20,558 37,394

- Sub-standard loans 31,093 50,092 - Unrealized interest on sub-standard loans (10,535) (12,698) Net Sub-Standard Loans 20,558 37,394 CONSOLIDATED BALANCE SHEET ASSETS (In millions of LBP) 1. Cash, Compulsory Reserves and Central Banks 1,012,603 1,014,857 2. Banks and financial institutions 1,234,691 760,707 3. Head office, branches,

More information

PINK OTC MARKETS. DALRADA FINANCIAL CORPORATION (A Delaware Company)

PINK OTC MARKETS. DALRADA FINANCIAL CORPORATION (A Delaware Company) PINK OTC MARKETS DALRADA FINANCIAL CORPORATION (A Delaware Company) QUARTERLY REPORT: For the Three and Nine Months ended March 31, 2012 and 2011 Contents: Section (I) Dalrada Financial Corporation Quarterly

More information

Amadeus Global Travel Distribution, S.A.

Amadeus Global Travel Distribution, S.A. Amadeus Global Travel Distribution, S.A. Consolidated Interim Financial Statements as of June 30, 2002, prepared in accordance with International Accounting Standard 34 and Review Report of Independent

More information

AMENDMENT OF SUMMARY OF FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2003 (Consolidated)

AMENDMENT OF SUMMARY OF FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2003 (Consolidated) To whom it may concern: May 1, 2003 Name of the Company: Mitsui Sumitomo Insurance Company, Limited (the Company ) Name of Representative: Hiroyuki Uemura, President and Director (Securities Code No.8752,

More information

Cover photo: Sturlason

Cover photo: Sturlason Financial highlights 03 Report from the board of directors 04 Results 04 Balance sheet 05 Lending 05 Securities 05 Liquidity 06 Prospects for the second half-year of 2016 07 Events after the balance sheet

More information

First quarter report Cover photo: Rune Rimmereide Nilsen

First quarter report Cover photo: Rune Rimmereide Nilsen X highlights... 3 Report from the board of directors. 4 Results 4 Balance sheet. 5 Export lending... 5 Local government lending... 5 Securities.. 5 Funding.... 6 Liquidity.... 6 Regulatory framework...

More information

Assignment Problems For Chapter 3

Assignment Problems For Chapter 3 Page 4 Assignment Problems For Chapter 3 (The solutions for these problems are only available in the solutions manual that has been provided to your instructor.) Assignment Problem Three - 1 (Purchase

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

The Balance Sheet and Notes to the Financial Statement

The Balance Sheet and Notes to the Financial Statement Chapter 3 19 th Edition The Balance Sheet and Notes to the Financial Statement Intermediate Accounting James D. Stice Earl K. Stice 2014 Cengage Learning 3-1 (continued) (continues) 3-2 3-3 Learning Objective

More information

Oslo Børs VPS Holding ASA 2nd Quarter 2011

Oslo Børs VPS Holding ASA 2nd Quarter 2011 Oslo Børs VPS Holding ASA 2nd Quarter 2011 11 August 2011 Overview Second quarter highlights Agreement for Millennium with the London Stock Exchange Oslo Børs VPS to work on a stock exchange listing Somewhat

More information

Q2 results 2012 Investor presentation

Q2 results 2012 Investor presentation Q2 results 2012 Investor presentation 13 July 2012 Facts about Protector A focused non-life Norwegian insurance company Established Jan.1, 2004. (Listed on Oslo Stock Exchange May 2007) Entered the Swedish

More information

Liquidity and Funding Resources

Liquidity and Funding Resources 112 Allianz Group Annual Report Liquidity and Funding Resources Organization The liquidity management of the Allianz Group is based on policies and guidelines approved by the Board of Management of Allianz

More information

Consolidation. CA Section 201 (3A) requires all Holding Co to present consolidated accounts. Section 5 (1) (a) define subsidiary as follows:

Consolidation. CA Section 201 (3A) requires all Holding Co to present consolidated accounts. Section 5 (1) (a) define subsidiary as follows: Consolidation CA Section 201 (3A) requires all Holding Co to present consolidated accounts Section 5 (1) (a) define subsidiary as follows: Controls Board Control more than half of voting rights Holds more

More information

Nomura Securities Co., Ltd. Non-consolidated Balance Sheets

Nomura Securities Co., Ltd. Non-consolidated Balance Sheets ASSETS Non-consolidated Balance Sheets Nomura Securities Co., Ltd. (Millions of yen) March 31, 2014 March 31, 2015 Increase/(Decrease) Current Assets 12,488,887 13,949,399 1,460,512 Cash and time deposits

More information

Results Q2 2009. Best quarter ever - Increased guiding. August 25th 2009

Results Q2 2009. Best quarter ever - Increased guiding. August 25th 2009 Results Q2 2009 Best quarter ever - Increased guiding August 25th 2009 Highlights Q2 2009 Continued growth, GWP NOK 215m, up 8% (underlying 12%) Commercial and public lines of business, up 46% Change of

More information