Fiat S.p.A. Board of Directors Meeting: 2013 Financial Statements and Calling of the Annual General Meeting
|
|
- Damian Kennedy
- 8 years ago
- Views:
Transcription
1 Fiat S.p.A. Board of Directors Meeting: 2013 Financial Statements and Calling of the Annual General Meeting The Board of Directors of Fiat S.p.A. met today in Turin to: approve the 2013 consolidated financial statements for Fiat Group, which confirm trading profit of 3,394 million and net profit of 1,951 million, as announced on 29 January 2014 approve the statutory accounts of Fiat S.p.A., which report a net loss of 227 million for 2013 call a General Meeting of Shareholders in Turin for 31 March 2014 (single call only) to vote on the following: o motion to shareholders for approval of the statutory financial statements at 31 December 2013 and allocation of net result o review of the Company s Compensation Policy and renewal of the existing shareholder authorization for the purchase and disposal of own shares, which expires on 9 October As announced on January 29th, the Fiat Group 2013 consolidated financial statements reported a trading profit of 3,394 million. Net profit (Group and non-controlling interests) totaled 1,951 million and there was net unusual income of approximately 1 billion, including a one-off 1.5 billion positive impact for recognition of net deferred tax assets relating to Chrysler. For 2012, Group trading profit totaled 3,541 million and net profit was 896 million (IAS 19 restated) with net unusual expenses of 244 million. Consolidated equity (Group and non-controlling interests) at 31 December 2013 totaled 12,584 million ( 8,369 million at 31 December 2012, IAS 19 restated). Fiat S.p.A. separate statutory accounts at 31 December 2013 closed with a net loss of 227 million, essentially reflecting financial charges and operating costs. The result from investments was substantially break-even. Equity totaled 8,693 million at 31 December 2013 ( 8,901 million at year-end 2012). The Board voted to present a motion to Shareholders at the Annual General Meeting for allocation of the net loss for 2013 of 226,697,618 to Retained Earnings, bringing the value of the reserve to 1,537,084,936. Shareholders will also be asked to vote on the Fiat S.p.A. Compensation Policy, pursuant to Article 123-ter of Legislative Decree 58/1998, as well as renewal, for a further eighteen months, of the existing authorization to purchase own shares for an amount not to exceed the legal limit of share capital or a maximum value of 1.2 billion, including reserves of 259 million for own shares already held. Should renewal of the Program be approved, the Company would, Fiat S.p.A. Via Nizza 250, Torino Tel , Fax mediarelations@fiatspa.com
2 however, have no obligation to buy back shares. The authorization is being requested to ensure the Company the flexibility to pursue any strategic opportunities that may arise for all purposes permitted by law The manager responsible for preparing the Company s financial reports, Richard Palmer, declares, pursuant to Article 154-bis (2) of Legislative Decree 58/98, that the accounting information contained in this press releas e corresponds to the results documented in the books, accounting and other records of the company. Turin, 27 February 2014
3 Fiat S.p.A. Income Statement (figures in ) 2013 Dividends and other income from investments 536,321,603 1,030,495,113 Impairment (losses)/reversals on investments (540,400,000) (962,878,584) Gains/(losses) on disposals 971,532 - Other operating income 82,823,765 77,373,928 Personnel costs (38,682,648) (36,006,594) Other operating costs (72,194,643) (76,259,449) Financial income/(expense) (210,087,105) (216,079,567) PROFIT/(LOSS) BEFORE TAXES (241,247,496) (183,355,153) Income taxes 14,549,878 31,053,057 PROFIT/(LOSS) FROM CONTINUING OPERATIONS (226,697,618) (152,302,096) Profit/(loss) from discontinued operations - - PROFIT/(LOSS) (226,697,618) (152,302,096) (**) Following application of the amendment to IAS 19 (retrospectively) from 1 January 2013, comparative figures for 2012 have bee n restated as required by IAS 1. That restatement resulted in a 47,902 reduction in reported loss for the year attributable to low er personnel costs. Fiat S.p.A. Statement of comprehensive Income ( thousand) (**) PROFIT/(LOSS) (A) (226,698) (152,302) Items that will not be reclassified to Income Statement: Gains/(losses) on remeasurement of defined benefit plans 1,184 (666) Related tax - - Total other comprehensive income/(loss) that will not be reclassified to Income Statement (B1) 1,184 (666) Items that will be reclassified to Income Statement: Gains/(losses) recognized directly in fair value reserve (investments in other companies) 4,406 26,330 Related tax - - Total other comprehensive income/(loss) that will be reclassified to Income Statement (B2) 4,406 26,330 TOTAL OTHER COMPREHENSIVE INCOME, NET OF TAX (B1)+(B2)=(B) 5,590 25,664 TOTAL COMPREHENSIVE INCOME (A)+(B) (221,108) (126,638) (**) Following application of the amendment to IAS 19 (retrospectively) from 1 January 2013, comparative figures for 2012 have been restated as required by IAS 1. That restatement resulted in a 618 thousand increase in other comprehensive loss for the year. 3
4 Fiat S.p.A. Statement of financial position (figures in ) 31 December December 1 January ASSETS Non-current assets Intangible assets 1,605,875 1,645,500 1,744,234 Property, plant and equipment 29,778,105 30,303,585 31,179,614 Investments 13,060,064,740 11,765,015,021 12,122,918,872 Other financial assets 14,028,255 12,109,470 12,966,052 Other non-current assets 63,218 65,199 90,472 Deferred tax assets Total non-current assets 13,105,540,193 11,809,138,775 12,168,899,244 Current assets Inventory Trade receivables 7,214,468 4,756,129 4,862,631 Current financial receivables - 58,280, ,805,524 Other current receivables 188,834, ,707, ,353,014 Cash and cash equivalents 1,268, , ,896 Total current assets 197,317, ,297, ,765,065 TOTAL ASSETS 13,302,857,317 12,175,436,708 12,826,664,309 EQUITY AND LIABILITIES Equity Share capital 4,477,462,227 4,476,441,927 4,465,600,020 Share premium reserve 1,073,765,422 1,071,402,772 1,082,244,680 Legal reserve 528,577, ,577, ,618,803 Other reserves and retained profit 3,099,306,759 3,235,881,664 3,171,055,792 Own shares (258,957,846) (258,957,472) (288,883,388) Profit/(loss) (226,697,618) (152,302,096) 99,165,620 Total equity 8,693,456,028 8,901,043,879 9,052,801,527 Non-current liabilities Provisions for employee benefits and other non-current provisions 142,741, ,911, ,806,991 Non-current debt 413,953,314 1,412,035,429 2,162,892,003 Other non-current liabilities 16,077,521 17,164,505 18,213,851 Deferred tax liabilities 12,195,615 12,195,615 8,144,720 Total non-current liabilities 584,967,866 1,583,307,137 2,327,057,565 Current liabilities Provisions for employee benefits and other current provisions 10,677,378 15,251,043 19,379,886 Trade payables 18,977,216 17,301,002 19,397,927 Current debt 3,780,427,507 1,294,073,723 1,075,432,074 Other debt 214,351, ,459, ,595,330 Total current liabilities 4,024,433,423 1,691,085,692 1,446,805,217 TOTAL EQUITY AND LIABILITIES 13,302,857,317 12,175,436,708 12,826,664,309 (*) Following application of the amendment to IAS 19 (retrospectively) from 1 January 2013, comparative figures for 2012 have been restated as required by IAS 1. That restatement resulted in a 442,583 reduction in equity at 1 January 2012 and a 1,060,187 reduction at 31 December
5 Fiat S.p.A. Statement of Cash Flows ( thousand) 2013 A) CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR B) CASH FROM/(USED IN) OPERATING ACTIVITIES DURING THE YEAR: Profit/(loss) (226,698) (152,302) Amortization and depreciation 2,046 2,004 Non-cash cost of stock option plans and other non-cash items 6,005 8,689 Impairment losses/(reversals) on investments 540, ,878 Fair value adjustment to equity swaps on Fiat and Fiat Industrial shares - (31,640) Losses/(gains) on disposals (971) - Change in provisions for employee benefits and other provisions 548 1,499 Change in deferred taxes - 4,051 Change in working capital (35,736) 3,496 TOTAL 285, ,675 C) CASH FROM/(USED IN) INVESTING ACTIVITIES: Investments relating to: Recapitalization of subsidiaries (1,738,000) (444,000) Acquisitions and capital subscriptions (95,132) (130,852) Reductions in investments relating to: Proceeds from disposals 1,716 - Other (investments)/disposals, net (1,481) (1,030) TOTAL D) CASH FROM/(USED IN) FINANCING ACTIVITIES: (1,832,897) (575,882) Change in current financial assets 58, ,478 Proceeds from non-current debt - 400,000 Repayment of non-current debt (1,000,000) (1,150,000) Change in current debt 2,486, ,329 Increase in share capital 3,383 - Purchases of own shares (1) (34) Sales of own shares - - Dividends paid - (39,756) TOTAL 1,548,017 (222,983) E) NET CHANGE IN CASH AND CASH EQUIVALENTS 714 (190) F) CASH AND CASH EQUIVALENTS AT END OF YEAR 1, (*) Following application of the amendment to IAS 19 (retrospectively) from 1 January 2013, comparative figures for 2012 have been restated, resulting in a 48 thousand reduction in reported loss for the year with a corresponding reduction in Change in provisions f or employee benefits and other provisions. 5
6 Consolidated Income Statement ( million) 2013 Net revenues 86,816 83,957 Cost of sales 74,570 71,701 Selling, general and administrative costs 6,689 6,763 Research and development costs 2,231 1,850 Other income/(expenses) 68 (102) TRADING PROFIT/(LOSS) 3,394 3,541 Result from investments: Share of the profit/(loss) of investees accounted for using the equity method Other income/(expenses) from investments Gains/(losses) on the disposal of investments 8 (91) Restructuring costs Other unusual income/(expenses) (499) (138) EBIT 2,972 3,404 Financial income/(expenses) (1,964) (1,885) PROFIT/(LOSS) BEFORE TAXES 1,008 1,519 Tax (income)/expenses (943) 623 PROFIT/(LOSS) FROM CONTINUING OPERATIONS 1, Profit/(loss) from Discontinued Operations - - PROFIT/(LOSS) 1, PROFIT/(LOSS) ATTRIBUTABLE TO: Owners of the parent Non-controlling interests 1, (in ) BASIC EARNINGS/(LOSS) PER ORDINARY SHARE DILUTED EARNINGS/(LOSS) PER ORDINARY SHARE (*) Following the retrospective application of the amendment to IAS 19 from 1 January 2013, the 2012 comparative amounts were restated as required by IAS 1. Compared to the previously reported figures, Profit for 2012 decreased by 515 million, of which mainly 273 million in Trading Profit/EBIT and 244 million in Financial expenses. 6
7 Consolidated Statement of Comprehensive Income/(Losses) ( million) 2013 PROFIT/(LOSS) (A) 1, Items that will never be reclassified to the Income statement: Gains/(losses) on remeasurements of defined benefit plans 2,678 (1,843) Share of gains/(losses) on remeasurements of defined benefit plans for equity accounted entities (9) 1 Related tax impact Total items that will never be reclassified to the Income statement (B1) 2,908 (1,839) Items that may be reclassified to the Income statement: Gains/(losses) on cash flow hedging instruments Gains/(losses) on available-for-sale financial assets 4 27 Exchange differences on translating foreign operations (708) (270) Share of Other comprehensive income/(losses) for equity accounted entities (100) 21 Related tax impact (27) (24) Total items that may be reclassified to the Income statement (B2) (669) (62) TOTAL OTHER COMPREHENSIVE INCOME/(LOSSES), NET OF TAX (B1)+(B2)=(B) 2,239 (1,901) TOTAL COMPREHENSIVE INCOME/(LOSSES) (A)+(B) 4,190 (1,005) TOTAL COMPREHENSIVE INCOME/(LOSSES) ATTRIBUTABLE TO: Owners of the parent 2,117 (1,062) Non-controlling interests 2, (*) Following the retrospective application of the amendment to IAS 19 from 1 January 2013, the 2012 comparative amounts were restated as required by IAS 1. Compared to the previously reported, Total comprehensive income for 2012 decreased by 2,265 million, of which 515 million arose from lower Profit for 2012 and 1,750 million from a decrease in Total other comprehensive income/(losses). 7
8 Consolidated Statement of financial position ( million) At 31 December 2013 At 31 December At 1 January ASSETS Intangible assets 19,509 19,284 18,200 Goodwill and intangible assets with indefinite useful lives 12,439 12,947 13,213 Other intangible assets 7,070 6,337 4,987 Property, plant and equipment 22,843 22,061 20,785 Investments and other financial assets: 2,260 2,287 2,663 Investments accounted for using the equity method 1,561 1,507 1,582 Other investments and financial assets ,081 Leased assets Defined benefit plan assets Deferred tax assets 2,893 1,738 1,689 Total Non-current assets 47,611 45,464 43,487 Inventories 10,230 9,295 9,123 Trade receivables 2,406 2,702 2,625 Receivables from financing activities 3,671 3,727 3,968 Current tax receivables Other current assets 2,302 2,163 2,088 Current financial assets: Current investments Current securities Other financial assets Cash and cash equivalents 19,439 17,657 17,526 Total Current assets 39,154 36,587 36,488 Assets held for sale TOTAL ASSETS 86,774 82,106 80,041 ( million) At 31 December 2013 At 31 December At 1 January EQUITY AND LIABILITIES Equity: 12,584 8,369 9,711 Equity attributable to owners of the parent 8,326 6,187 7,358 Non-controlling interest 4,258 2,182 2,353 Provisions: 17,360 20,276 18,182 Employee benefits 8,265 11,486 9,584 Other provisions 9,095 8,790 8,598 Debt: 29,902 27,889 26,772 Asset-backed financing Other debt 29,306 27,440 26,062 Other financial liabilities Trade payables 17,235 16,558 16,418 Current tax payables Deferred tax liabilities Other current liabilities 8,943 7,781 7,538 Liabilities held for sale TOTAL EQUITY AND LIABILITIES 86,774 82,106 80,041 (*) Following the retrospective application of the amendment to IAS 19 from 1 January 2013 the comparative figures at 1 January and 31 December 2012 were restated as required by IAS 1. More specifically, the amount of Equity at 31 December 2012 decreased by 4,804 million, of which 2,872 million in Equity attributable to owners of the parent and 1,932 million in Non-controlling interest. 8
9 Consolidated Statement of Cash Flows ( million) A) CASH AND CASH EQUIVALENTS AT BEGINNING OF THE YEAR 17,657 17,526 B) CASH FLOWS FROM/(USED IN) OPERATING ACTIVITIES DURING THE YEAR: Profit/(loss) for the year 1, (*) Amortization and depreciation 4,574 4,134 (Gains)/losses on disposal of: Property, plant and equipment and intangible assets Investments (8) 91 Other non-cash items (*) Dividends received Change in provisions Change in deferred taxes (1,578) (72) Change in items due to buy-back commitments 92 (51) Change in operating lease items 1 (10) Change in working capital 1, TOTAL 7,589 6,444 C) CASH FLOWS FROM/(USED IN) INVESTING ACTIVITIES: Investments in: Property, plant and equipment and intangible assets (7,440) (7,534) Investments in consolidated subsidiaries (19) - Other investments (212) (24) Proceeds from the sale of: Property, plant and equipment and intangible assets Other investments 5 21 Net change in receivables from financing activities (449) (24) Change in current securities (10) (64) Other changes (4) (30) TOTAL (8,086) (7,537) D) CASH FLOWS FROM/(USED IN) FINANCING ACTIVITIES: New issuance of bonds 2,866 2,535 Repayment of bonds (1,000) (1,450) Issuance of other medium-term borrowings 3,188 1,925 Repayment of other medium-term borrowings (2,549) (1,528) Net change in other financial payables and other financial assets/liabilities Increase in share capital 4 22 Dividends paid (1) (58) Distribution for tax withholding obligations on behalf of non-controlling interests ( NCI ) (6) - TOTAL 3,188 1,643 Translation exchange differences (909) (419) E) TOTAL CHANGE IN CASH AND CASH EQUIVALENTS 1, F) CASH AND CASH EQUIVALENTS AT END OF THE YEAR 19,439 17,657 (*) Following the retrospective application of the amendment to IAS 19 from 1 January 2013, the 2012 comparative amounts for Profit decreased by 515 million with a corresponding increase in Other non-cash items. 9
Consolidated balance sheet
83 Consolidated balance sheet December 31 Non-current assets Goodwill 14 675.1 978.4 Other intangible assets 14 317.4 303.8 Property, plant, and equipment 15 530.7 492.0 Investment in associates 16 2.5
More informationFiat Group Consolidated Financial Statements
Fiat Group 120 Income Statement 121 Statement of Comprehensive Income 122 Statement of Position 124 Statement of Cash Flows 125 Statement of Changes in Equity 126 Income Statement pursuant to Consob Resolution
More informationConsolidated Statement of Profit or Loss (in million Euro)
Consolidated Statement of Profit or Loss (in million Euro) Q3 2013 Q3 2014 % change 9m 2013 9m 2014 % change Revenue 689 636-7.7% 2,126 1,909-10.2% Cost of sales (497) (440) -11.5% (1,520) (1,324) -12.9%
More informationConsolidated Statement of Profit or Loss (in million Euro)
Consolidated Statement of Profit or Loss (in million Euro) Q3 2014 Q3 2015 % change 9m 2014 9m 2015 % change Revenue 636 661 3.9% 1,909 1,974 3.4% Cost of sales (440) (453) 3.0% (1,324) (1,340) 1.2% Gross
More informationACER INCORPORATED AND SUBSIDIARIES. Consolidated Balance Sheets
Consolidated Balance Sheets June 30, 2015, December 31, 2014, and (June 30, 2015 and 2014 are reviewed, not audited) Assets 2015.6.30 2014.12.31 2014.6.30 Current assets: Cash and cash equivalents $ 36,400,657
More informationConsolidated Statement of Profit or Loss (in million Euro)
Consolidated Statement of Profit or Loss (in million Euro) Q2 2012 Q2 2013 % H1 2012 H1 2013 % Restated * change Restated * change Revenue 779 732-6.0% 1,513 1,437-5.0% Cost of sales (553) (521) -5.8%
More informationConsolidated 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 informationConsolidated 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 informationFinancial Results. siemens.com
s Financial Results Fourth Quarter and Fiscal 2015 siemens.com Key figures (in millions of, except where otherwise stated) Volume Q4 % Change Fiscal Year % Change FY 2015 FY 2014 Actual Comp. 1 2015 2014
More informationCONSOLIDATED INCOME STATEMENT FOR THE FINANCIAL YEAR ENDED 25 DECEMBER 2015
56 Neptune Orient Lines Limited (incorporated in Singapore) and its Subsidiaries Annual Report CONSOLIDATED INCOME STATEMENT FOR THE FINANCIAL YEAR ENDED 25 DECEMBER Continuing operations Revenue 4 5,382,596
More information(These incorporate the June 2011 amendments to IAS 1 and are effective for annual periods commencing on, or after, 1 July 2012).
This booklet contains pro-forma: a) Statement of Comprehensive Income By Nature (page 1), Statement of Comprehensive Income By Function (page 2), and Statement of Financial Position (page 3). AND (IAS
More informationConsolidated 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 information2014 Consolidated Financial Statements and Draft Financial Statements of the Parent Company
2014 Consolidated Financial Statements and Draft Financial Statements of the Parent Company Convening of the Annual Shareholders Meeting Consolidated financial statements: net profit 1.29 billion; Separate
More informationAudited (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 informationSuruhanjaya Syarikat Malaysia Taxonomy Tagging List Templates ssmt_20131231
Suruhanjaya Syarikat Malaysia Taxonomy Tagging List Templates ssmt_20131231 A view of financial and non financial elements as may be presented in set of financial statements. Content Page [010000] Filing
More informationConsolidated Financial Summary under IFRS for the fiscal year ending March 31, 2015 (April 1, 2014 - March 31, 2015)
Monex Group, Inc. Consolidated Financial Summary under IFRS for the fiscal year 2015 (April 1, 2014 - March 31, 2015) This is an English translation of Japanese report of the consolidated financial summary
More informationANNUAL FINANCIAL RESULTS
ANNUAL FINANCIAL RESULTS For the year ended 31 July 2013 ANNUAL FINANCIAL RESULTS 2013 FONTERRA CO-OPERATIVE GROUP LIMITED Contents: DIRECTORS STATEMENT... 1 INCOME STATEMENT... 2 STATEMENT OF COMPREHENSIVE
More informationTotal comprehensive income/loss N/A N/A N/A -46 69 23 67 28 95-2 -15-17 -639-85 -724
Effects of amendments to IAS 19 Employee Benefits Up until 31 December, Nobia applied the corridor method when recognising the Group's pension liabilities. The updated standard, IAS 19 Employee Benefits,
More information3. 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 informationCONSOLIDATED FINANCIAL STATEMENTS OF THE AUTOSTRADE PER L ITALIA GROUP FOR THE YEAR ENDED 31 DECEMBER 2013
CONSOLIDATED FINANCIAL STATEMENTS OF THE AUTOSTRADE PER L ITALIA GROUP FOR THE YEAR ENDED 31 DECEMBER 2013 INDICE 1 Contents 2 Contents 1. Consolidated financial statements......5 2. Notes.....15 3. Annexes...101
More informationIII. 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 informationJOHN WILEY & SONS, INC. UNAUDITED SUMMARY OF OPERATIONS FOR THE FIRST QUARTER ENDED JULY 31, 2011 AND 2010 (in thousands, except per share amounts)
UNAUDITED SUMMARY OF OPERATIONS FOR THE FIRST QUARTER ENDED JULY 31, 2011 AND 2010 (in thousands, except per share amounts) US GAAP First Quarter Ended Revenue $ 430,069 407,938 5% Costs and Expenses Cost
More informationCembre (a STAR listed company): approved a distribution of a 0.26 dividend per share
Joint-stock Company Main Office: Via Serenissima, 9 25135 Brescia VAT no: 00541390175 Share Capital: 8,840,000 fully paid up Registration no: 00541390175 tel.: +39 0303692.1 fax: +39 0303365766 Press release
More informationInternational Accounting Standard 27 Consolidated and Separate Financial Statements
International Accounting Standard 27 Consolidated and Separate Financial Statements Scope 1 This Standard shall be applied in the preparation and presentation of consolidated financial statements for a
More informationHow To Calculate Profit From A Profit From An Investment
TO: THE STOCKHOLDERS OF THE GLEANER COMPANY LIMITED CONSOLIDATED INCOME STATEMENT FOR NINE MONTHS ENDED SEPTEMBER 30, 2015 Notes Three Months Three Months (Audited) Twelve Months ended Dec 31, 2014 Restated
More informationCONSOLIDATED STATEMENTS OF OPERATIONS
CONSOLIDATED STATEMENTS OF OPERATIONS For the years ended December 31, (in millions of Canadian dollars except for per share amounts) 2015 2014 Revenue Premiums Gross $ 16,824 $ 15,499 Less: Ceded 6,429
More informationTIME WARNER CABLE INC. CONSOLIDATED BALANCE SHEET (Unaudited)
CONSOLIDATED BALANCE SHEET June 30, December 31, 2011 2010 (in millions) ASSETS Current assets: Cash and equivalents...$ 3,510 $ 3,047 Receivables, less allowances of $86 million and $74 million as of
More informationILLUSTRATIVE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2013 International Financial Reporting Standards
ILLUSTRATIVE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2013 International Financial Reporting Standards 2 A Layout (International) Group Ltd Annual report and financial statements For the year ended
More informationCONSOLIDATED FINANCIAL STATEMENTS AND NOTES
CONSOLIDATED FINANCIAL STATEMENTS AND NOTES Consolidated Income Statements p.2 Statements of profit or loss and other comprehensive Income p.3 Statements of financial position p.4 Consolidated Cash Flow
More informationSEAGATE TECHNOLOGY PLC CONDENSED CONSOLIDATED BALANCE SHEETS
CONDENSED CONSOLIDATED BALANCE SHEETS (In millions) June 28, ASSETS Current assets: Cash and cash equivalents $ 2,259 $ 1,708 Short-term investments 47 480 Restricted cash and investments 4 101 Accounts
More informationNote 2 SIGNIFICANT ACCOUNTING
Note 2 SIGNIFICANT ACCOUNTING POLICIES BASIS FOR THE PREPARATION OF THE FINANCIAL STATEMENTS The consolidated financial statements have been prepared in accordance with International Financial Reporting
More informationCHINA ENERGY ENGINEERING CORPORATION LIMITED*
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More informationConsolidated 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 informationAcerinox, S.A. and Subsidiaries. Consolidated Annual Accounts 31 December 2014. Consolidated Directors' Report 2014. (With Auditors Report Thereon)
Acerinox, S.A. and Subsidiaries Consolidated Annual Accounts 31 December 2014 Consolidated Directors' Report 2014 (With Auditors Report Thereon) (Free translation from the original in Spanish. In the event
More informationCONSOLIDATED 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 information136 ST ENGINEERING / ABOVE & BEYOND
136 ST ENGINEERING / ABOVE & BEYOND Independent auditors report Members of the Company Singapore Technologies Engineering Ltd Report on the financial STATEMENTS We have audited the accompanying financial
More informationČEZ, a. s. BALANCE SHEET in accordance with IFRS as of June 30, 2014 in CZK Millions
BALANCE SHEET Assets Property, plant and equipment: 30. 6. 2014 31. 12. 2013 Plant in service 319 440 319 081 Less accumulated provision for depreciation (188 197) (182 282) Net plant in service 131 243
More informationAssetCo plc ( AssetCo or the Company ) Results for the six-month period ended 31 March 2012
Issued on behalf of AssetCo plc Date: Friday 29 June 2012 Immediate Release Statement by the Chairman, Tudor Davies AssetCo plc ( AssetCo or the Company ) Results for the six-month period ended 31 March
More informationConsolidated financial statements December 31, 2013
Consolidated financial statements December 31, 2013 CONTENTS Consolidated financial statements at December 31, 2013... 3 Consolidated statement of income... 3 Consolidated statement of cash flows... 5
More informationResidual 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 informationAcerinox, S.A. and Subsidiaries. Consolidated Annual Accounts 31 December 2013. Consolidated Directors' Report 2013. (With Auditors Report Thereon)
Acerinox, S.A. and Subsidiaries Consolidated Annual Accounts 31 December 2013 Consolidated Directors' Report 2013 (With Auditors Report Thereon) (Free translation from the original in Spanish. In the event
More informationARM Holdings plc Consolidated balance sheet - IFRS
ARM Holdings plc Consolidated balance sheet - IFRS 30 June 31 December 2010 2009 Unaudited Audited 000 000 Assets Current assets: Financial assets: Cash and cash equivalents 53,746 34,489 Short-term investments
More informationConsolidated 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 informationModel financial statements for the year ended 30 June 2011
Model financial statements for the year ended Illustrative example of general purpose financial statements prepared in accordance with the Financial Reporting Act 1993, the Companies Act 1993, applying
More informationČEZ, a. s. BALANCE SHEET in accordance with IFRS as of March 31, 2015 in CZK Millions
BALANCE SHEET Assets Property, plant and equipment: 31. 03. 2015 31. 12. 2014 Plant in service 345,012 344,246 Less accumulated provision for depreciation (199,841) (196,333) Net plant in service 145,171
More informationANNUAL FINANCIAL RESULTS FOR THE YEAR ENDED 31 JULY 2014 FONTERRA ANNUAL FINANCIAL RESULTS 2014 A
ANNUAL FINANCIAL RESULTS FOR THE YEAR ENDED 31 JULY 2014 FONTERRA ANNUAL FINANCIAL RESULTS 2014 A CONTENTS DIRECTORS STATEMENT 1 INCOME STATEMENT 2 STATEMENT OF COMPREHENSIVE INCOME 3 STATEMENT OF FINANCIAL
More informationHalf Year Financial Statement And Announcement for the Period Ended 31/12/2010
AUSSINO GROUP LTD Company Registration No.: 199100323H Half Year Financial Statement And Announcement for the Period Ended 31/12/2010 PART I - INFORMATION REQUIRED FOR ANNOUNCEMENTS OF QUARTERLY (Q1, Q2
More information2012 FINANCIAL REPORT TO SHAREHOLDERS
FINANCIAL REPORT TO SHAREHOLDERS CONTENTS Five Year Summary 89 Consolidated Income Statement 96 Consolidated Statement of Comprehensive Income 97 Consolidated Balance Sheet 99 Consolidated Cash Flow Statement
More informationJollibee Foods Corporation and Subsidiaries
Jollibee Foods Corporation and Subsidiaries Consolidated Financial Statements December 31, 2013 and 2012 and Years Ended December 31, 2013, 2012 and 2011 and Independent Auditors Report SyCip Gorres Velayo
More informationIFRS Illustrative Consolidated Financial Statements 2014
IFRS Illustrative Consolidated Financial Statements 2014 1 PKF International Limited administers a network of legally independent member firms which carry on separate businesses under the PKF Name. PKF
More informationIFRS Hot Topics. Full Text Edition February 2013. ottopics...
IFRS Hot Topics Full Text Edition February 2013 ottopics... Grant Thornton International Ltd (Grant Thornton International) and the member firms are not a worldwide partnership. Services are delivered
More informationCONSOLIDATED FINANCIAL STATEMENTS AND NOTES
CONSOLIDATED FINANCIAL STATEMENTS AND NOTES Consolidated Income Statements p.2 Statements of profit or loss and other comprehensive Income p.3 Statements of financial position p.4 Consolidated Cash Flow
More informationCORNING INCORPORATED AND SUBSIDIARY COMPANIES CONSOLIDATED STATEMENTS OF INCOME (Unaudited; in millions, except per share amounts)
CONSOLIDATED STATEMENTS OF INCOME (Unaudited; in millions, except per share amounts) Three months ended Nine months ended 2013 2012 2013 2012 sales $ 2,067 $ 2,038 $ 5,863 $ 5,866 Cost of sales 1,166 1,149
More informationFY 2014-2015 press release
FY 2014-2015 press release (Results for the year ended 31 March 2015) Press release May 29, 2015 Huizingen, Belgium Under embargo until May 29, 2015 1,8 year-over-year turnover growth resulting from 9,6
More informationBANCO COOPERATIVO ESPAÑOL, S.A. AND SUBSIDIARIES. Consolidated Annual Accounts and Directors Report. 31 December 2010. (With Auditors Report Thereon)
BANCO COOPERATIVO ESPAÑOL, S.A. AND SUBSIDIARIES Consolidated Annual Accounts and Directors Report 31 December 2010 (With Auditors Report Thereon) (Free translation from the original in Spanish. In the
More information1 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 informationSTATEMENT ON FINANCIAL POSITION
STATEMENT ON FINANCIAL POSITION DESCRIPTION NOTE DAY 30.06.2013 31.12.2012 Fixed assets 218 532 221 493 214 682 Intangibles 3 583 3 057 3 033 Tangible fixed assets 2 69 812 69 272 63 027 Investment properties
More informationConsolidated 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 informationST IVES PLC HALF YEAR REPORT 2014
ST IVES PLC HALF YEAR REPORT 2014 ST IVES PLC HALF YEAR REPORT 2014 CONTENTS Overview 01 Highlights 02 Group at a Glance 04 Chief Executive s Statement 02 04 Group at a glance Our business operates in
More informationNovember 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 informationINGENICO GROUP Consolidated Financial Statements
INGENICO GROUP Consolidated Financial Statements December 31, 2014 Ingenico Consolidated Financial Statements December 31, 2014 I. CONSOLIDATED INCOME STATEMENTS For the years ended December 31, 2014 and
More informationCONSOLIDATED 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! "#$ %&!& "& ' - 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 informationATS AUTOMATION TOOLING SYSTEMS INC. Annual Audited Consolidated Financial Statements
Annual Audited Consolidated Financial Statements For the year ended March 31, 2014 MANAGEMENT S RESPONSIBILITY FOR FINANCIAL REPORTING The preparation and presentation of the Company s consolidated financial
More informationRED FOOTBALL LIMITED. First Quarter Results. Fiscal Year Ended 30 June 2014. Bond Group Parent: Red Football Limited. Bond Issuer: MU Finance plc
RED FOOTBALL LIMITED First Quarter Results Fiscal Year Ended 30 June 2014 Bond Group Parent: Red Football Limited Bond Issuer: MU Finance plc 14 November 1 INTERIM CONSOLIDATED FINANCIAL STATEMENTS The
More informationPublic 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 informationOOREDOO Q.S.C. CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS 30 SEPTEMBER 2015
CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS 30 SEPTEMBER 2015 CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS As at and for the nine months ended 2015 CONTENTS Page (s) Independent auditors
More informationKOREAN AIR LINES CO., LTD. AND SUBSIDIARIES. Consolidated Financial Statements
Consolidated Financial Statements December 31, 2015 (With Independent Auditors Report Thereon) Contents Page Independent Auditors Report 1 Consolidated Statements of Financial Position 3 Consolidated Statements
More informationFor personal use only
General Purpose Financial Statements For the Half-Year Ended 31 December 2013 Financial Statements CONTENTS Pages Directors Report 2 Auditor s Independence Declaration 4 Independent Review Report 5 Directors
More informationConsolidated Financial Statements. FUJIFILM Holdings Corporation and Subsidiaries. March 31, 2015 with Report of Independent Auditors
Consolidated Financial Statements FUJIFILM Holdings Corporation and Subsidiaries March 31, 2015 with Report of Independent Auditors Consolidated Financial Statements March 31, 2015 Contents Report of Independent
More informationInvestments 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 informationSummarised annual financial statements
79 Summarised annual financial statements The summary presented on pages 81 to 85 of this report has been extracted from the audited annual consolidated financial statements. This report is itself not
More informationThe Sumitomo Warehouse Co., Ltd.
Consolidated Financial Results for the Year Ended March 31, 2014[ Japan GAAP ] May 13, 2014 The Sumitomo Warehouse Co., Ltd. Securities code: 9303 Stock exchange listings: URL: Representative: Inquiries:
More informationYear ended 31 Dec 2009
PACE PLC CHANGE OF FUNCTIONAL AND PRESENTATIONAL CURRENCY AND COMPARATIVES RE-PRESENTED IN US DOLLARS Introduction Pace announced at the time of its preliminary results announcement that the Board had
More informationHP INC. AND SUBSIDIARIES CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS (Unaudited) (In millions, except per share amounts)
CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS (In millions, except per share amounts) 2015 Three months ended July 31, 2015 2014 Net revenue $ 25,714 $ 25,349 $ 28,406 Costs and expenses: Cost of sales
More informationHowBest to Go About Being a Homeowner
STATEMENT TO THE NIGERIAN STOCK EXCHANGE AND SHAREHOLDERS ON THE BANK'S UNAUDITED RESULTS FOR THE PERIOD ENDED 31ST SEP 2015 INCOME STATEMENT FOR THE PERIOD ENDED 30 SEPTEMBER, 2015 30 Sep 30 Sep 31 Dec
More informationSummary 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 informationG8 Education Limited ABN: 95 123 828 553. Accounting Policies
G8 Education Limited ABN: 95 123 828 553 Accounting Policies Table of Contents Note 1: Summary of significant accounting policies... 3 (a) Basis of preparation... 3 (b) Principles of consolidation... 3
More informationSummary of significant accounting policies
1 (14) Summary of significant accounting policies The principal accounting policies applied in the preparation of Neste's consolidated financial statements are set out below. These policies have been consistently
More informationInvestments 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 informationConsolidated financial statements
Consolidated financial statements Year ended December 31, 2009 (in blank) Consolidated Financial Statements 2 CONSOLIDATED INCOME STATEMENT... 6 STATEMENT OF COMPREHENSIVE INCOME... 7 CONSOLIDATED STATEMENT
More informationFirst quarter ended March 31, 2013 Sales at $422 million and adjusted earnings at $7 million
170 INDUSTRIEL BLVD. BOUCHERVILLE (QUÉBEC) CANADA, J4B 2X3 TEL: (450) 641-2440 FAX: (450) 449-4908 PRESS RELEASE First quarter ended March 31, 2013 Sales at $422 million and adjusted earnings at $7 million
More informationANALYSIS OF THE CHANGEOVER FROM FRENCH GAAP TO IFRS
ANALYSIS OF THE CHANGEOVER FROM FRENCH GAAP TO 1 BACKGROUND 2 PRINCIPLES ADOPTED TO PREPARE THE GROUP S FIRST FINANCIAL STATEMENTS IN ACCORDANCE WITH 3 IMPACT ON THE BALANCE SHEET AT 01/01/2004 4 IMPACT
More informationFINANCIAL INFORMATION FOR THE FIRST QUARTER 2015 (Condensed and Unaudited)
FINANCIAL INFORMATION FOR THE FIRST QUARTER 2015 (Condensed and Unaudited) Page Financial Statements (IFRS, Unaudited) Consolidated Income Statements Consolidated Statements of Financial Position Consolidated
More informationPreliminary Consolidated Financial Statements 2015 >
Preliminary Consolidated Financial Statements 2015 > The following results and amounts are preliminary statements that have not yet been approved or adopted by the Supervisory Board. Preliminary Consolidated
More informationTotal revenue (incl share of joint ventures) 1,082.2m 1,017.8m +6.3% EBITDA* 40.0m 40.0m +0.0% EBITA* 32.7m 30.5m +6.9% EBIT* 31.3m 28.3m +10.
Fyffes delivers further growth in revenue and earnings Preliminary Results Restated Change % Total revenue (incl share of joint ventures) 1,082.2m 1,017.8m +6.3% EBITDA* 40.0m 40.0m +0.0% EBITA* 32.7m
More informationConsolidated financial statements 2012
Consolidated financial statements 2012 Page 1 4.2 Consolidated financial statements 4.2.1 Consolidated income statement ( million) 2012 2011 Revenues (note 4) 41,270 42,628 Cost of goods and services sold
More informationSamsung Life Insurance Co., Ltd. Separate Financial Statements March 31, 2013 and 2012
Separate Financial Statements Index Page(s) Report of Independent Auditors 1-2 Separate Financial Statements Statements of Financial Position 3 Statements of Comprehensive Income 4 5 Statements of Changes
More informationGROUP (Unaudited) Three Month Jan Mar. 2015 $000 s. Notes
TO: THE STOCKHOLDERS OF THE GLEANER COMPANY LIMITED CONSOLIDATED INCOME STATEMENT FOR THREE MONTHS ENDED MARCH 31, 2015 Notes Three Month Jan Mar. 2015 Jan Mar. 2014 Restated (Audited) Twelve Months ended
More informationLegal and Economic-Financial Information 2012. Innovative Technology Solutions for Sustainability ABENGOA. Annual Report 2012
03 Legal and Economic-Financial Information 2012 Innovative Technology Solutions for Sustainability ABENGOA Annual Report 2012 01 Auditor s report 01 Auditor s report Annual Report 2012 ABENGOA 3 Consolidated
More informationOverview 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 informationFINAL RESULTS 2013 27/03/2014 6.45 pm Regulated information
FINAL RESULTS 2013 27/03/2014 6.45 pm Regulated information During its meeting of 27 th March 2014, the Board of Directors of EXMAR reviewed the results for the year ending 31 st December 2013. Key figures
More informationIMMEDIA GROUP PLC. ( Immedia or the Company ) INTERIM RESULTS
IMMEDIA GROUP PLC ( Immedia or the Company ) INTERIM RESULTS Immedia Group Plc (AIM: IME), which provides bespoke digital networks, music strategies and brand conversation, today announces its interim
More informationAL MEERA CONSUMER GOODS COMPANY (Q.S.C.) DOHA - QATAR
DOHA - QATAR INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) FOR THE THREE MONTH PERIOD ENDED 31 MARCH INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) For the three month
More informationQ3 2012. CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE 9 MONTHS ENDED 30 September 2012
Q3 2012 CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE 9 MONTHS ENDED 30 September 2012 Consolidated statement of financial position As at 30 September 2012 in thousands of Qatari Riyals 30
More informationConsolidated financial statements 2011
Consolidated financial statements 2011 Page 1 4.2 Consolidated financial statements 4.2.1 Consolidated income statement ( million) 2011 2010 Sales of goods and services 41,192 37,654 Sales financing revenues
More informationHalf Year Report For the six months ended 30 September 2011. Dorchester
Half Year Report For the six months 30 September 2011 Dorchester CONTENTS 01 01 02 03 04 05 06 08 17 17 Summary of activity Financial summary Executive summary - chairman and executive director s report
More informationSUMMARY 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 informationTessenderlo Group HY 2015 results
Regulated information 1 Tessenderlo Group HY 2015 results Key Events Brussels, August 26, 2015 Press release - On April 10, 2015, Tessenderlo Group announced it will invest 50 million EUR at its PC Loos
More informationFIERA MILANO: HALF-YEAR FINANCIAL REPORT AT 30 JUNE 2015 APPROVED BY THE BOARD OF DIRECTORS
FIERA MILANO: HALF-YEAR FINANCIAL REPORT AT 30 JUNE 2015 APPROVED BY THE BOARD OF DIRECTORS Consolidated revenues of Euro 181.5 million (+32% compared to the first semester 2014) Consolidated gross operating
More information