Top PDF EFG INTERNATIONAL INTERIM MANAGEMENT REPORT 2015

EFG INTERNATIONAL INTERIM MANAGEMENT REPORT 2015

EFG INTERNATIONAL INTERIM MANAGEMENT REPORT 2015

This report contains specific forward-looking statements, e.g. statements which include terms like “believe”, “assume”, “expect” or similar expressions. Such forward-looking statements represent EFG International AG’s judgements and expectations and are subject to known and unknown risks, uncertainties and other factors which may result in a substantial divergence between the actual results, the financial situation, and/or the development or performance of the company and those explicitly or implicitly presumed in these statements. These factors include, but are not limited to: (1) general market, macroeconomic, governmental and regulatory trends, (2) movements in securities markets, exchange rates and interest rates, (3) competitive pressures, and (4) other risks and uncertainties inherent in our business. EFG International AG is not under any obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law or regulation.
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Interim Report 2015/16

Interim Report 2015/16

We conducted our review in accordance with International Standard on Review Engagements (UK and Ireland) 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity” issued by the Auditing Practices Board for use in the United Kingdom. A review of interim financial information consists of making enquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing (UK and Ireland) and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
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Interim Report Third Quarter 2015

Interim Report Third Quarter 2015

Tele2’s operations are affected by a number of external factors. The risk factors considered to be most significant to Tele2’s future devel- opment are operating risks, such as the availability of frequencies and telecom licenses, integration of new business models, changes in regulatory legislation, data privacy, dependency on suppliers and business partners, operation in Kazakhstan, geopolitical risks, and financial risks such as currency risk, interest risk, liquidity risk and credit risk. In addition, to the risks described in Tele2’s annual report for 2014 (see Directors’ report and Note 2 of the report for a detailed description of Tele2’s risk exposure and risk management), no additional significant risks are estimated to have developed.
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Interim Report

Interim Report

The bank’s earnings are affected by external changes that the company has no control over. The bank’s earnings performance is affected by factors including macroeconomic change such as unemployment, as well as fluctuations in interest and exchange rates. Apart from what is stated in this Interim Report, there is more detail in Ikano Bank’s Annual Report for 2015 and Ikano Bank’s annual “Capital adequacy and risk managementreport in accordance with Basel 3 regulations, available at www.ikanobank.se.

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Interim Report 2015/2016. Toys Division. IT Division

Interim Report 2015/2016. Toys Division. IT Division

During the period under review, the Group continued to strengthen its business following its acquisition of the information technology business, namely the PMT Group, in December 2014 together with its toy manufacturing business. In July 2015, the Group has further executed its diversification strategy by subscribing for a 10% equity stake in Crosby Securities Limited, a company engages in the brokerage, provision of investment advisory, corporate finance advisory and asset management service and is a registered licensed corporation under the SFO for Type 1 (dealing in securities), Type 4 (advising on securities), Type 6 (advisory on corporate finance) and Type 9 (asset management) regulated activities. Through this investment, the Group takes the opportunity to enhance its existing business model and to further diversify its business scopes into higher growth areas and to reinforce its strength ahead of the challenging business environments in the traditional OEM manufacturing business. Meanwhile, the Group is now mainly engaged in two core business segments: the toy OEM manufacturing business (the “Toy Division”) and the information technology business (the “IT Division”).
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Interim Report second Quarter 2015

Interim Report second Quarter 2015

Tele2’s operations are affected by a number of external factors. The risk factors considered to be most significant to Tele2’s future devel- opment are operating risks, such as the availability of frequencies and telecom licenses, integration of new business models, changes in regulatory legislation, data privacy, dependency on suppliers and business partners, operation in Kazakhstan, geopolitical risks, and financial risks such as currency risk, interest risk, liquidity risk and credit risk. In addition, to the risks described in Tele2’s annual report for 2014 (see Directors’ report and Note 2 of the report for a detailed description of Tele2’s risk exposure and risk management), no additional significant risks are estimated to have developed.
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Group Interim Report. Nine Months and Third Quarter 2015

Group Interim Report. Nine Months and Third Quarter 2015

We have reviewed the condensed consolidated interim financial statements - comprising the interim con- solidated income statement, interim consolidated statement of comprehensive income, interim consoli- dated balance sheet, interim consolidated statement of changes in equity, interim consolidated cash flow statement and selected explanatory notes - and the interim group management report of Scout24 AG, Munich, for the period from January 1, 2015 to September 30, 2015 which are part of quarterly financial report pursuant to § (Article) 37x Abs. (paragraph) 3 WpHG („Wertpapierhandelsgesetz“: German Securities Trading Act). The preparation of the condensed consolidated interim financial statements in accordance with the IFRS applicable to interim financial reporting as adopted by the EU and of the interim group management report in accordance with the provisions of the German Securities Trading Act applicable to interim group management reports is the responsibility of the parent Company‘s Board of Managing Directors. Our responsibility is to issue a review report on the condensed consolidated interim financial statements and on the interim group management report based on our review.
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Interim Report as of March 31, 2015

Interim Report as of March 31, 2015

In the European Union, the new Basel 3 capital framework was implemented by the “Regula- tion (EU) No 575/2013 on prudential requirements for credit institutions and investment firms” as amended (Capital Requirements Regulation, or “CRR”), and the “Directive 2013/36/EU on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms” as amended (Capital Requirements Directive 4, or “CRD 4”) published on June 27, 2013. The CRR/CRD 4 framework replaced the laws implementing the international capital adequacy standards as recommended by the Basel Committee on Banking Supervision, commonly referred to as Basel 2 and Basel 2.5. In order to create a single “rulebook” for credit institutions and investment firms in the European Union, the CRR was made directly applicable to them, which eliminated the need for national implementing legislation with respect to the regulatory areas covered by it. As a result, the German Banking Act (KWG) was amended to remove all provisions that have been sup- planted by the CRR. Newly effective provisions governing regulatory capital requirements, the assessment of counterparty risk and securitizations, and many other regulations relevant for Deutsche Bank are now located in the CRR. In addition, the CRD 4 was implemented into German law by means of further amendments to the German Banking Act (KWG) and the German Solvency Regulation (SolvV) and accompanying regulations. Jointly, these laws and regulations represent the new regulatory framework applicable in Germany to among other things, capital, leverage and liquidity as well as disclosures.
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Interim report as at 30 June 2015

Interim report as at 30 June 2015

To the Company’s knowledge, there is no information which would result in changes to the main forecasts and other statements given in the last Group management report regarding the development of the Group for the financial year. The statements provided in the Annual Report 2014 on the opportunities and risks of the business model remain unchanged. Fielmann is pushing ahead with expansion and most recently opened a branch in Bolzano, Italy, at the start of July. Encouraging feedback from customers and the media support optimistic expectations for the future.

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6M Group Interim Report. January 1 to June 30, 2015

6M Group Interim Report. January 1 to June 30, 2015

Taking the economic and industry-specific conditions into account and the business development in the first half of 2015, the Executive Board continues to expect a growth rate of between 2 % and 3 % for passenger traffic at the Frankfurt site for full year 2015. Although pas- senger traffic grew in the first half of 2015 above the aforementioned range at 4.1 %, the Executive Board cannot rule out further strikes in air traffic and therefore abides by the stated outlook. Further negative effects may continue to result from the airlines’ short-term yield and capacity management and from the extraordinarily favorable weather conditions in the 2014 fiscal year. With regard to cargo tonnage han- dled, the Executive Board expects development below that of the market of between 0 % and – 2 % for the Frankfurt site for 2015 (forecast at the start of the fiscal year: growth of up to 3 %). Due to economic and political crises, particularly in some emerging countries, the cargo outlook continues to be subject to uncertainty.
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Financial Highlights 2. Corporate Information 3. Management Discussion and Analysis 4. Corporate Governance and Other Information 8

Financial Highlights 2. Corporate Information 3. Management Discussion and Analysis 4. Corporate Governance and Other Information 8

We have reviewed the interim financial information set out on pages 13 to 44, which comprises the condensed consolidated statement of financial position of Earthasia International Holdings Limited (the “Company”) and its subsidiaries (collectively referred to as the “Group”) as at 30 June 2015 and the related condensed consolidated statements of profit or loss and the condensed consolidated statements of comprehensive income, the condensed consolidated statement of changes in equity and the condensed consolidated statements of cash flows for the six-month then ended, and explanatory notes. The Main Board Listing Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited require the preparation of a report on interim financial information to be in compliance with the relevant provisions thereof and International Accounting Standard 34 “Interim Financial Reporting” (“IAS 34”). The directors of the Company are responsible for the preparation and presentation of this interim financial information in accordance IAS 34. Our responsibility is to express a conclusion on this interim financial information based on our review. Our report is made solely to you, as a body, in accordance with our agreed terms of engagement, and for no other purpose. We do not assume responsibility towards or accept liability to any other person for the contents of this report.
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INTERIM REPORT. January to September 2015

INTERIM REPORT. January to September 2015

This document contains forward-looking statements based on cur- rent assumptions and estimates by GRAMMER’s management of fu- ture trends. Such statements are subject to risks and uncertainties which GRAMMER can neither estimate nor influence with any preci- sion, e. g. future market conditions and the macroeconomic environ- ment, the behavior of other market participants, the successful integration of newly acquired companies, the materialization of ex- pected synergistic benefits and government actions. If any of these or other factors of uncertainty or imponderabilities occur or if any of the assumptions on which these statements are based prove to be incorrect, actual results could differ materially from the results ex- pressed or implied in these statements. GRAMMER neither intends nor is under any obligation to update any forward-looking state- ments in the light of any changes occurring after the publication of this document.
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Talvivaara Mining Company Interim Report for January-June 2015

Talvivaara Mining Company Interim Report for January-June 2015

In December 2014, Talvivaara decided to place its dormant subsidiaries Talvivaara Exploration Oy, Talvivaara Infrastructure Oy, Bream Lake Energy Oy and Talvivaara Management Oy in liquidation. Prior to the decision to liquidate these subsidiaries, Talvivaara converted all its receivables from these companies into equity and the subsidiaries wrote off all their receivables from the bankruptcy estate of Talvivaara Sotkamo. In addition, Talvivaara sold on 30 December 2014 all the shares of its subsidiary incorporated under the laws of Sweden, Hyena Holding AB, to a third party independent of the management and significant shareholders against a nominal purchase price basing on the amount of liquid assets of Hyena Holding AB at the time of transaction. Placing the subsidiaries in liquidation and the conveyance of the shares in Hyena Holding AB was in line with the Company's plan to simplify the group structure and leave the Company as the single reporting entity. The liquidation processes were completed and dormant subsidiaries dissolved on 26 June 2015.
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Interim Report. as at 30 September 2015

Interim Report. as at 30 September 2015

- IFRS 8 Operating sectors: This change is applied retrospectively and clarifies that: - an entity should provide information on the evaluations made by the management in applying the criteria for aggregation of which in paragraph 12 of IFRS 8, including a brief description of the operating sectors that have been aggregated and the economic characteristics used to define whether the sectors are “similar”; - a reconciliation of the sector activities with the overall activities need be provided only if the reconciliation is submitted before a higher decision-making authority, as required for the sector liabilities. It must be pointed out that the Group operates within a single sector.
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Interim Report. Pilot. Passion. Partnership. Q1 2015/16.

Interim Report. Pilot. Passion. Partnership. Q1 2015/16.

All operating segments are led by Vice Presidents. After the conclusion of customer agreements and order pro- cessing, the individual orders are manufactured in the four plants or in cooperation with FACC’s global supply chain partners. Apart from these three operating segments, the company includes the central services of finances and controlling, personnel, quality management, strategic pur- chasing and IT (including engineering services). In the form of a matrix organisation, these central services support the operating segments in the completion of their tasks. Please see the next page for figures!
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Q Interim report for the first three quarters of 2015 Austrian Post

Q Interim report for the first three quarters of 2015 Austrian Post

The trend towards increased e-commerce is continuing in the parcel segment, leading to further growth of parcel volumes for private customers in Austria. At the same time, it is evident that competition is intensifying, a development we are dealing with by making ongoing investments at the customer interface. In addition to its cost leadership, Austrian Post is also continuously expanding its service leadership. Today 90% of all parcels are handed over to the intended recipients on the initial delivery attempt, a top perfor- mance only made possible by our experienced and well organised delivery operations. Our parcel service was recently expanded to include Saturday delivery. In addition, we offer a series of innova- tive customer solutions. 175,000 households already have access to convenient Post pick-up boxes. Furthermore, customers have 24/7 access to about 300 self-service zones and 200 pick-up stations throughout the country. The international parcel business continued
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EFG INTERNATIONAL FINANCIAL HIGHLIGHTS EFG INTERNATIONAL PERFORMANCE EVOLUTION. Reuters. in CHF millions 31 December 2015.

EFG INTERNATIONAL FINANCIAL HIGHLIGHTS EFG INTERNATIONAL PERFORMANCE EVOLUTION. Reuters. in CHF millions 31 December 2015.

EFG International’s shares are freely transferable, without any limitation, provided that the buyers expressly declare themselves to have acquired the shares concerned in their own name and for their own account and comply with the disclosure requirement stipulated by the SESTA. Transfers of intermediated shares, including the granting of security interests, are subject to the Federal Act on Intermediated Securities. The trans- fer of uncertificated shares is affected by a corresponding entry in the books of a bank or depositary institution following an assignment by the selling shareholder and notifi- cation of such assignment to the Company by the bank or depositary institution. The transferee must file a share registration form in order to be registered in the Company’s share register as a shareholder with voting rights. Failing such registration, the trans- feree may not vote at or participate in any shareholders’ meeting but may still receive dividends and other rights with financial value. The uncertificated shares may only be transferred with the assistance of the bank that administers the book entries of such shares for the account of the transferring shareholder. Further, shares may only be pledged to the bank that administers the book entries of such shares for the account of the pledging shareholder; in such case, the Company needs to be notified. According to the Articles of Association, a person having acquired shares will be recorded in the Company’s share register as a shareholder with voting rights upon request. Legal entities or partnerships or other associations or joint ownership arrangements which are linked through capital ownership or voting rights, through common management or in like manner, as well as individuals, legal entities or partnerships (especially syndicates) which act in concert with the intent to evade the entry restriction are con- sidered as one shareholder or nominee. The Board of Directors is authorized to issue regulations to implement the above provisions.
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INTERIM FINANCIAL REPORT AS OF MARCH 31 st, 2015

INTERIM FINANCIAL REPORT AS OF MARCH 31 st, 2015

balance sheet and on the information report relating to the potential assets and liabilities on the date of the interim balance sheet. If in the future, such estimates and assumptions which are based on the best evaluation by management, should differ through effective circumstances, they will be modified in an appropriate manner in the period in which the circumstance themselves vary. In particular, with regard to the condensed consolidated balance sheet of 31/03/2015, the taxes on income for the period of the individual consolidated companies are determined on the basis of the best estimate possible in relation to the available information, and on a reasonable forecast of the progress of the financial year up to the end of the tax period.
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INTERIM FINANCIAL REPORT 2015

INTERIM FINANCIAL REPORT 2015

NZ IFRS 9 permits hedge accounting of risk components of both non-financial and financial items, provided they are separately identifiable and reliably measurable. Crude oil derivatives, which were previously designated as a proxy for jet fuel derivatives, are now designated in qualifying cash flow hedges of the crude oil component of highly probable future jet fuel purchases. This change has been applied prospectively with effect from 1 July 2014 and better aligns the accounting of such derivatives with the Group’s risk management strategy, resulting in a more logical outcome. Accounting ineffectiveness may still arise where the price index of the designated hedging instrument is different to the crude oil benchmark in the geographical location of the hedged fuel uplift.
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Schroder Ventures International Investment Trust plc. Interim Report 2001

Schroder Ventures International Investment Trust plc. Interim Report 2001

XYMAX (formerly Recruit Building Management Ltd) is a leading property management company managing over 250 office buildings mainly located in the Tokyo and Osaka metropolitan area. XYMAX provides services to two different market segments: the sub-leasing market for small to medium sized building owners, and the property management market for institutional real estate investors. The valuation basis is P/E; the holding represents 2.58% of net assets.

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