Capital Management Sample Clauses

Capital Management. Party B shall manage and control all funds of Party A. Party A shall open or appoint a management account for its funds (“Management Account”) and Party B shall be responsible for and have the right in deciding the inward and outward remittance of its funds. The seals affixed to such account shall be that of the person appointed and confirmed by Party B. As of the day when this Agreement comes into effect, all cashes of Party A, including but not limited to revenues from sales, existing working capitals, collecting of receivables, and all payables and operating expenses, employeessalaries and compensations and assets acquisition, must be saved and transacted in this Management Account.
Capital Management. The Company defines capital that it manages as shareholders' equity that is expected to be realized in cash. The Company raises capital through private share offerings and related party loans and advances. Capital is managed in a manner consistent with the risk criteria and policies provided by the board of directors and followed by management. All sources of financing and major expenditures are analyzed by management and approved by the board of directors. The Company’s primary objectives when managing capital is to safeguard and maintain the Company’s financial resources for continued operations and to fund programs to further advance their hydro power technology. The Company is meeting its objective of managing capital through detailed review and the preparation of short-term and long-term cash flow analysis to maintain sufficient resources. HYDRO POWER TECHNOLOGIES INC. NOTES TO THE FINANCIAL STATEMENTS FOR THE QUARTERS ENDED DECEMBER 31, 2019 and 2018 (Expressed in Canadian dollars)
Capital Management. The primary objective of capital management of the Group is to ensure that it has an appropriate financial structure and preserves the ability to continue its business as a going concern. According to the statement of financial position as at March 31, 2022 and December 31, 2021, the consolidated financial statements debt-to-equity ratio 0.82 : 1 and 0.90 : 1, respectively. (Separate financial statements 0.80 : 1 and 0.89 : 1, respectively)
Capital Management. The Board’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and benefits for stakeholders. In recent years, the Group has been strongly cash generative and this has allowed the Board to declare dividend payments in each of the last two years. Furthermore, in 2012 the Board approved a distribution out of the Company’s share premium account. The Group entered into a new banking arrangement which funded this distribution and the Board is confident that the ability of the business to generate cash will be sufficient to meet the repayment terms for the debt as well as providing sufficient new capital out of profits to allow the business to operate effectively. The Board’s policy is to develop and maintain a strong capital base so as to maintain investor and creditor confidence and to sustain the future development of the business. The Board believes that the Group can sustain an amount of debt so as to be financially efficient and regularly reviews its optimal target gearing ratio. In the event that the Group wishes to undertake any significant expansion requiring the raising of new capital, the Board will carefully consider what the appropriate ratio of debt to equity should be. Retained earnings, cash reserves and bank facilities available to the Group are used within the business and are considered to be the capital of the Group.
Capital Management. The Manager understands that an effective capital structure is crucial to the performance of the Trust. In view of this, the Manager has adopted and maintained an appropriate debt-equity structure to meet the Trust’s funding needs whilst ensuring that Unitholdersreturns are sustainable and optimized. For FY2011, Atrium REIT’s borrowings increased to RM65.0 million due to an additional Term Loan (“TL”) facility of RM20.0 million which was secured to finance the acquisition of Atrium USJ. This TL facility has a tenure of 7 years from the date of first drawdown in November 2011 and will be repaid in full via a bullet repayment at maturity. The existing Short Term Revolving Credit (“STRC”) facilities of RM45.0 million which were due for renewal in March 2012 have since been renewed in October 2011. Both the TL and STRC are secured facilities based on floating rates. The effective rates for the TL and STRC ranged from 3.79% to 4.26% per annum during FY2011. Summary of Atrium REIT’s current and historical gearing is as shown below 2011 2010 2009 2008 2007 Total Borrowings (RM’000) 65,000 45,000 45,000 45,000 45,000 - STRC (RM’000) 45,000 45,000 45,000 45,000 45,000 - TL (RM’000) 20,000 - - - - Total Asset (RM’000) 211,469 183,904 182,350 182,123 173,397 Gearing (%) 30.74 24.47 24.68 24.71 25.95 Interest Rate (%) 3.79 to 4.26 3.06 to 3.82 2.69 to 4.25 4.03 to 4.25 4.04 to 4.28 Based on its current conservative gearing ratio, Atrium REIT is able to leverage on further borrowings to make opportunistic acquisitions that fits its investment criteria which will enhance the returns to Unitholders, before reaching the 50% threshold under the REIT Guidelines.
Capital Management. The Company’s objectives when managing capital are to
Capital Management. The primary objective of Sovello’s capital management is the sustainability of the financial flexibility necessary for the Company’s long-term growth. Sovello is still going through a phase of strong growth and development. This involves extensive investment, which the Company must finance. Sovello meets the resulting financing risks with a solid capital structure encompassing equity, the shareholders’ and bank loans and the applicable portions of the financial assistance from the government. Short-term liquidity management is based on a rolling planning horizon of twelve months. The table below shows the balance sheet total, the equity in absolute figures and in per cent of the balance sheet total, and the net financial liabilities (financial liabilities minus cash and cash equivalents): (In thousands of EUR) Dec 31, 08 Dec 31, 07 Balance sheet total 467,145 380,179 Equity 107,796 91,168 Equity in per cent of balance sheet total 23.1 24.0 Net indebtedness 247,527 161,953 Annex 1.5 / 28 The loan agreement made in 2007 with the banking syndicate led by Deutsche Bank has been revised by the supplementary agreement of September 1, 2008. The syndicated loan agreement deals primarily with the continuation of the existing financing arrangements and the extending of the syndicated financing for the investment in the Company’s third production line at Bitterfeld-Wolfen. The financing now includes an additional loan of EUR 60 million of which EUR 35 million has been drawn. The tranches of the original syndicated loan agreement continue to be available on the original terms, except that interim financing of investment grant receivables was raised from EUR 30 million to EUR 45 million and the working capital loan was reduced from EUR 22 million to EUR 20 million. Drawings on the investment-grant interim financing line amounted at the reporting date to EUR 33.5 million. There were no drawings on the working capital loan. The syndicated loan agreement requires Sovello to achieve certain financial ratios. It also provides for compulsory unscheduled repayments if certain events occur, such as certain sales transactions, or if a third party acquires more than 50% of Sovello AG’s shares without the prior approval of the banks. Refer also to Note 4.12. Subsequent events.
Capital Management. The Company's policy is to maintain a strong capital base so as to maintain investor and creditor confidence and to sustain future development of the business. The capital structure of the Company consists of equity, comprising share capital, net of accumulated deficit. The Company’s capital management objectives, policies and processes have remained unchanged during the years ended August 31, 2016 and August 31, 2015. The Company is not subject to any capital requirements imposed by a lending institution or regulatory body, other than of the TSX Venture Exchange (“TSXV”) which requires adequate working capital or financial resources of the greater of (i) $50,000 and (ii) an amount required in order to maintain operations and cover general and administrative expenses for a period of six months. As of August 31, 2016, the Company may not be compliant with the policies of the TSXV. The impact of this violation is not known and is ultimately dependent on the discretion of the TSXV. ALABAMA GRAPHITE CORP. Notes to the Consolidated Financial Statements For the Years Ended August 31, 2016 and 2015 (Expressed in Canadian Dollars)
Capital Management. Capital management is based on the EU Capital Requirements Regulation (“CRR”), which entered into force on 1 January 2014 and has direct legal effect in Denmark and the EU Capital Requirements Directive (“CRD”) and the EU Recovery and Resolution Directive (“BRRD”), which have both been implemented into Danish law. As part of capital management, the Group has drawn up a capital plan to ensure that the Group has sufficient capital to comply with current legislation and at all times meet its own solvency targets. The legislation concerns: • Calculation of capital, risk exposures and capital requirements. • Calculation of individual solvency need. • Disclosure requirements. The Group’s capital plan has been supplemented by a recovery plan comprising a number of relevant risk and capital indicators for the Group with associated limit values, stress test scenarios and recovery measures to ensure that the Group is able to identify problems in time and implement measures to ensure the viability of the Group. The Group regularly monitors developments in risk indicators. Based on legal requirements and the limit values for capital indicators set in the recovery plan, the Group has set a capital target covering the solvency need plus the capital conservation buffer and the SIFI capital buffer, as well as an additional excess cover of 5.0 percentage points. The capital target corresponds to the yellow light indicator in the recovery plan and ensures that the Group can absorb future capital requirements in the form of a fully phased-in countercyclical capital buffer.
Capital Management. The primary objective of the Company’s capital management is to ensure that it has an appropriate financial structure and preserves the ability to continue its business as a going concern. According to the statement of financial position as at December 31, 2014, the group of Company's debt-to-equity ratio was 0.62 : 1 (as at December 31, 2013 0.49 : 1) and the Company’s debt-to-equity ratio was 0.62 : 1 (as at December, 2013 0.49 : 1)