How a Slym chance worked for GM India Nov 14, 2009
That has allowed us to manage the business and the profit and loss account rather than think back to the mothership, he says. For a company like GM, this is a huge paradigm shift. (India Times)
Banking-focused mutual funds losing sheen Nov 2, 2009
"Banks could request the RBI to make initial adjustments through the balance sheet rather than the profit and loss account." But industry officials and observers believe that the impact would be short-lived. "It is a temporary phenomenon. The second half has been historically better and credit growth would pick up in the next few months," Kotak's Lakshmi said. (India Times)
Banking funds losing sheen Nov 2, 2009
Banks could request the RBI to make initial adjustments through the balance sheet rather than the profit and loss account. But industry officials and observers believe that the impact would be short-lived. (India Times, India -- Intl Business)
FDI not enough Sep 7, 2009
The large interest component on their profit and loss account would disappear and minus the debt, the balance sheet would look good too. The ability to plough back profits would allow them to expand and reap economies of scale. (India Times)
Minera IRL Limited: Interim Results for the Six Month Period Ended 30 June 2009 Aug 28, 2009
0 ----------- ----------- ------------ Minera IRL Limited Consolidated Balance Sheet As at As at As at 30 June 30 June 31 December 2009 2008 2008 (unaudited) (unaudited) (audited) US$'000 US$'000 US$'000 Assets Property, plant and equipment 24,720 24,761 26,249 Intangible assets 14,710 7,227 10,504 Trade and other receivables - 5 - ----------- ----------- ------------ Total non-current assets 39,430 31,993 36,753 ----------- ----------- ------------ Other receivables and prepayments 4,965 8,964... (CCNMatthews Press Releases)
Bharti shareholders OK dividend of Rs 2 Aug 22, 2009
MUMBAI: Telecom services provider Bharti Airtel Ltd said its shareholders today approved a dividend of Rs 2 per equity share, adopted the profit and loss account and the cash flow statement for the year-ended March 31, 2009 ... Telecom services provider Bharti Airtel Ltd said its shareholders approved a dividend of Rs 2 per equity share, adopted the profit and loss account and the cash flow statement for the year-ended March 31, 2009. (India Times)
MAS: Adoption of FRS139 pushes agenda for transparency Aug 15, 2009
Any gains or losses will now be featured in the profit and loss account (P the swing between the two will depend on the valuation of unexpired derivative contracts which are highlighted in the balance sheet. In the case of MAS, the hedging portfolio and MTM position comprise largely fuel hedging contracts which have maturity dates going on until Dec 31, 2011. (The Star Online, Malaysia -- Business)
Turbo Power Systems Inc. (TPS) Announces Results for the Second Quarter and Six Months Ended 30 June 2009 Aug 14, 2009
The Company's currency exposure, being those exposures arising from transactions, the net currency gains and losses from which will be recognised in the profit and loss account, is shown below. Canadian US dollar dollar denominated denominated Pounds Pounds Sterling '000 Sterling '000 Cash 564 2 Accounts receivable 741 20 Accounts payable 50 63. (CCNMatthews Press Releases)
Turbulence at Malaysia Airlines Aug 8, 2009
95bil, which were taken straight into the balance sheet not via the profit and loss account ... The standard, however, allows any subsequent gain in an accounting period to be taken through the profit and loss account, misleadingly inflating reported profit. (The Star Online, Malaysia)
Chanda Kochhar, MD & CEO, ICICI Bank Jul 26, 2009
So what is important for us is to continue to strengthen the other line items of the profit and loss account, so that they continue to grow, in order to handle situations hen treasury income may or may not be there. Thats why our focus is to continue to increase our net interest margin, which should provide us a more stable increase in income. (India Times)
100% tax exemption to electoral trusts Jul 7, 2009
Under the existing law, a company, incorporated under the Companies Act, can donate up to 5% of its profit in a year, and the company is bound to disclose the amount in its profit and loss account. This exercise should be conducted with the approval of its board of directors through a resolution. (India Times)
Gravy train of an MP goes off the rail. Jul 6, 2009
It is like the Gross profit of a company and like all profits calculated in the profit and loss account, the size of the GDP is not equivalent to cash of similar size. The reason is simple; there are certain accounting conventions that allow certain items, which are not actual cash, to be treated in the profit and loss account. (Ghana Web, Ghana)
Report: Dispute with Petronas to have little impact on Perwaja May 15, 2009
PETALING JAYA: Perwaja Holdings Bhds dispute with Petroliam Nasional Bhd (Petronas) over the natural gas price computation will have little impact on the companys profit and loss account. OSK Research in its report said the dispute, however, might have an impact on its cash flow as well as investor sentiment should Perwajas appeal to the Government not go through. (The Star Online, Malaysia -- Business)
MD feels MAS needs to tailor packages to suit customers wallets Apr 18, 2009
Today, MAS treats each of its 110,000 flights as individual profit and loss account, hence adopting a microscopic approach in making key decisions. For instance, over the five years before Jalas arrival at MAS, the management could not resolve an internal debate over a proposal to free up space for cargo. (The Star Online, Malaysia -- Business)
Barclays Leaves Secret of Stable Banking Marooned in Manchester Warehouse Apr 10, 2009
In 1914, Barclays published a profit and loss account for the first time, beneath the balance sheet ... In 1958, the profit and loss account was first printed ahead of the balance sheet, and it still is today. (Bloomberg)
Banks get more leeway on NPAs Mar 26, 2009
If the bank has sold a standard asset and the sale consideration is higher than the book value of the asset, RBI said that the excess provisions that end up arising in the process may be credited to profit and loss account. Furthermore, excess provisions, which arise on sale of NPAs, can be admitted as tier-II capital. (India Times)
MindTree to split biz into 5 units Mar 19, 2009
However, the management is yet to decide on how it would report the revenues of these business units in the profit and loss account without duplication. Read business stories in. (India Times)
MAS set to save RM30mil from landing rebate initiative Mar 12, 2009
Web search enhanced by. Thursday March 12, 2009. (The Star Online, Malaysia -- Business)
Antisoma plc reports half-year results for the six months to 31 ... Feb 16, 2009
Consolidated Balance Sheet as at 31 December 2008 As at 31 As at 31 As at 30 December December June 2008 2007* 2008* unaudited unaudited audited Notes '000 '000 '000 A ASSETS Non-current assets Goodwill 7,642 5,548 5,559 Intangible assets 62,653 19,136 47,149 Property, plant and equipment 2,282 531 2,358 Deferred tax asset - 3,158 - 72,577 28,373 55,066 Current assets Trade and other receivables 1,904 1,751 2,113 Current tax receivable 1,493 - - Short-term deposits 10,000 25,524 10,000 Cash... (CNNMoney.com)
Applying IFRS to small companies - update. By Steve Collings Feb 14, 2009
(a)a statement of financial position as at the reporting date (balance sheet);(b)a statement of comprehensive income for the period (profit and loss account);(c)a statement of changes in equity for the period (statement of total recognised gains and losses); and(d)a statement of cash flows (cash flow statement) for the period ... The other difference is the terminology e.g. profit and loss account becomes 'income statement' - balance sheet becomes 'statement of financial position', sales become... (Accounting Web, UK)
Coastal: Cancelled contract not material Feb 12, 2009
Furthermore, the down payment had not been booked into Coastals sales yet, so theres nothing to reverse from the profit and loss account. Up till this point, the cancellations that have confronted Coastal involved orders for a few tugboats only. (The Star Online, Malaysia -- Business)
