Financial Situation. The Purchaser is an "accredited investor" as that term is defined in Securities and Exchange Commission Rule 501 of Regulation D of the Securities Act of 1933, as amended and presently in effect. The Purchaser has adequate means of providing for such Purchaser's current needs and possible personal contingencies, and has no need for liquidity of such Purchaser's investment in the Company, such Purchaser can bear the economic risk of losing such Purchaser's entire investment herein, such Purchaser has such knowledge and experience in financial and business matters that such Purchaser is capable of evaluating the relative risks and merits of this investment, and such Purchaser's overall commitment to investments which are not readily marketable is not disproportionate to such Purchaser's net worth and the investment made hereby will not cause such overall commitment to become excessive.
Financial Situation. Liquidity and capital ressources As at July 31, 2018, the Company had cash, totaling $ 981,982 compared to $ 2,204,883 as at July 31, 2017. For the year ended July 31, 2018, the net decrease in cash totaled $ 1,222,901 is mainly attributable to $ 2,143,231 of expenses incurred to fund general operating activities partly offset by funds generated by financing activities of $ 790,008 and net investment of $ 130,322. The Company believes that it will be able to adequately finance its operations and meet its cash requirements over the next 12 months. Total assets as at July 31, 2018 totaled $ 19,157,702 compared to $ 11,558,386 as at July 31, 2017. The increase of $ 7,599,316 is mainly due to the net increase in intangible assets and goodwill of $ 8,188,196 recorded when acquiring Altius and after an amortization expense of $ 364,467. Total liabilities as at July 31, 2018 total $ 6,422,444 compared to $ 3,370,062 as at July 31, 2017, an increase of $ 3,052,382. This increase is mainly due to the increase in operating debts of $ 1,085,044, to the $ 758,172 of debentures, a debt assumed following the acquisition of Altius and deferred taxes of $ 906,883. Financing activities The increase in cash generated by financing activities for the year ended July 31, 2018, is attributable to proceeds of $ 1,000,000 for the issuance of new debentures, the exercise of 200,000 options for gross proceeds of $ 54,000, partially offset by repayment of long-term debt of $ 166,853. To date, the Company has financed its activities through private placements of common shares and subscription rights as well as the issuance of convertible debentures, government securities and operating income generated by its subsidiary.The Company's profitability is based on factors such as its ability to market, sell and distribute its cosmetics and pharmaceutical products, the success of the various clinical studies as well as the various approvals of the regulatory bodies as well as the ability to obtain the necessary funding. The Company's ability to continue as a going concern depends on its ability to realize other types of financing and its ability to generate profitable sales.
Financial Situation. (a) The Seller has delivered to the Purchaser a complete copy of (i) the audited financial statements (including the balance sheet, the profit and loss statements and annexes thereto) of each of the Companies and the unaudited consolidated financial statements (including the balance sheet, the profit and loss statements and annexes thereto) of the Companies reviewed by the auditors of the Companies, each as of and for the year ended on December_31, 1997 (hereinafter together the "1997 Financial Statements"), and (ii) the unaudited financial statements (including the balance sheet, the profit and loss statements and the annexes thereto) of each of the Companies and the unaudited consolidated financial statements (including the balance sheet, the profit and loss statements and the annexes thereto) of the Companies, as of and for the period ended on June 30, 1998 (hereinafter together the "June 30, 1998 Financial Statements", and collectively with the 1997 Financial Statements, the "Financial Statements"). The 1997 Financial Statements and the June 30, 1998 Financial Statements are attached hereto as Schedule 5.5 (a).
Financial Situation. CriteriaCompliance Requirements CriteriaCompliance Requirements CriteriaCompliance Requirements
Financial Situation. • At €17.9 million, the Group remained at a very high level of available cash (€20.4 billion at end-2021), comprising cash and equivalents (€5 billion) supplemented by undrawn medium- and long-term credit facilities (€12.9 billion, of which €4.7 billion related to the syndicated loan signed in December 2021 for the acquisition of Equans).
Financial Situation. In 2018/19 the APEEE HORECA sector finished with a yearly balance of +925.23 EUR (compared to budgeted profit of ca. 14.500 EUR). This resulted mainly from improved revenues (+2 %) and stable personal cost (-0.4 %). Contrary to previous year, food cost remained stable despite increased prices of certain raw materials, continuous use of organic food, high-quality meat and regular offer of a starter (raw vegetables or soup). Close cost control by the canteen management enabled to compensate for decrease of revenues from certain services (teachers canteen, cafeteria). Costs for the payment services were significantly reduced (-14.000 EUR compared to previous year) and should further drop next year. Other investments to improve the service (vegetable cutter) were also made.For the year 2019/2020 the draft budget is planned with a deficit of ca. 46.000 EUR. This is caused mainly by substantial margins envisaged for the purchase of biodegradable disposable dishes (+35.000 EUR) and for increased personal cost (+70.000 EUR) and by the increase of the shared cost paid to the budget of General Affairs (+13.000 EUR). The budget is built on conservative estimation of expected revenues and on minimal increase of raw materials prices (indexation only). In case of further significant cost increase a review of the tariffs for services might become necessary in the future (last price increase was approved by GA in 2012). The WG Canteen will follow closely the evolution of financial situation in the sector and if necessary propose measures for the school year 2020/2021.Graph 3: Results of the HORECA sector in the previous years Detailed figures are presented in the report on the overall financial situation.
Financial Situation. A. Ozer) Income has been mainly from membership fees and royalties from IAG Encyclopedia of Geomorphology, while spending has been mainly on grants and training courses. The present IAG/AIG EC started with a balance of EUR 39 000 in 2001 and is expec- ted to end in Zaragoza with a balance of ca. EUR 50,000. M. Panizza emphasized the importance of the income from the publication of the Encyclopedia of Geomorphology that enables, thanks to A. Goudie, such a positive balance. EC members approved the financial report.
Financial Situation. The Group’s liquidity, as measured by money market investments and undrawn confirmed credit lines, reached €2.6bn at 31 March 2019, improving by €0.3bn year-on-year.Furthermore, this day, Eiffage announced that it has increased to €2bn its credit line incorporating social and environmental criteria.This new facility is destined for the general corporate purpose of Eiffage. It will substitute itself to the existing undrawn €1bn credit line maturing in April 2021. Signed for 5 year with 2 possible 1 year extension, this facility lengthen the horizon of the Group means and enhances their terms.In order to translate the Group’s undertaking in social and environmental matters, this facility margin will partially depend from the Group’s performance in two extra financial domains of deep attention, health & safety and carbon footprint. As such, an improvement on either one of these topics will lead to a reduction in the credit margin. A deterioration would lead to compensation measures in favour of associations and a foundation working in the general interest. The transaction which is oversubscribed by 45% by a syndicate of 20 institutions illustrates their trust towards the Group.
Financial Situation. For this purpose, the Bidder shall use the relevant forms included in this Section.Form ELI -1.1Bidder Information FormDate: _________________ Ref No. and title: _________________ Page __________of _______________pagesBidder's name In case of Joint Venture (JV), name of each member: Bidder's actual or intended country of registration: [indicate country of Constitution] Bidder's actual or intended year of incorporation: Bidder's legal address [in country of registration]: Bidder's authorized representative information Name: _____________________________________ Address: ___________________________________ Telephone/Fax numbers: _______________________ E-mail address: ______________________________
Financial Situation. The French Companies’ balance sheets (i.e., balance sheet, income statements, and appendix), which were closed on December 31, 2011, respectively approved by a Shareholders’ meeting of the Company dated June 29, 2012, by a Shareholders’ meeting of J3Tel dated June 29, 2012, and certified by the French Companies’ Statutory Auditors, as well as the PEDRENA financial statements for the fiscal year ended December 31, 2011 approved by the Warrantor in its capacity as sole shareholder of PEDRENA (the “Balance Sheets”) are attached under Schedule 2.8 (a). The Balance Sheets have been drawn-up according to the generally accepted accounting principles applicable in France for French Companies and in the Netherlands for PEDRENA and in accordance with generally accepted accounting principles and practices consistently applied and consistent with the books and records of the Companies and represent truthfully and accurately the financial situation of the Companies in all material respects on the date of the Balance Sheets and for the period covered by such Balance Sheets. Since, there were no changes in such accounting rules and methods compared to the ones that the Companies have applied for the previous fiscal years. The Statutory auditors’ reports on the Balance Sheet are attached under Schedule 2.8 (b). All accounting records and books of the Companies are up-to-date, and have been regularly and truthfully kept. The Balance Sheets list all of the Companies’ assets and liabilities required to be disclosed under generally accepted accounting principles applicable in France for French Companies and in the Netherlands for PEDRENA and all necessary provisions have been made, in accordance with applicable accounting rules.