Principles of Consolidation. The Consolidated Financial Statements include the accounts of the Company and its Subsidiaries. All significant inter-company balances and transactions have been eliminated in consolidation.
Principles of Consolidation. The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary, Cayman Airways Express, a company incorporated in the Cayman Islands. All significant intercompany accounts and transactions have been elimination on consolidation.
Principles of Consolidation. The consolidated financial statements include the accounts of the Company and its wholly owned and majority owned subsidiaries in Germany and Japan. Significant intercompany accounts and transactions have been eliminated in consolidation.
Principles of Consolidation. The Unaudited Consolidated Financial Statements as of June 30, 2015 and December 31, 2014, and for the three months ended June 30, 2015 and 2014, include the accounts of the Company and its subsidiaries. All significant inter-company balances and transactions have been eliminated in consolidation. Unaudited Interim Financial Information The accompanying Unaudited Consolidated Financial Statements as of June 30, 2015, and for the three months ended June 30, 2015 and 2014, reflect all adjustments that are normal and recurring in nature and, in the opinion of management, are necessary for a fair representation of the Company’s financial position as of June 30, 2015 and the results of operations for the periods shown. These Unaudited Consolidated Financial Statements should be read in conjunction with the Company’s Consolidated Financial Statements and Notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014. The Consolidated Balance Sheet as of December 31, 2014 has been derived from the audited financial statements at that date, but does not include all of the information and footnotes required by accounting principles generally accepted in the United States (“GAAP”) for complete financial statements. The results of operations for the interim period ended June 30, 2015 is not necessarily indicative of results to be expected for the full year.
Principles of Consolidation. The consolidated financial statements have been prepared on the value method of accounting in accordance with generally accepted accounting principles for investment companies. All significant intercompany accounts and transactions have been eliminated in consolidation. Cash and Cash Equivalents. All temporary cash investments having a maturity of three months or less when purchased are considered to be cash equivalents. Portfolio Security Valuations. Investments are stated at market or fair value determined by the Board of Directors as described in the Notes to Portfolio of Investments and Note 2 below. The average cost method is used in determining cost of investments sold.
Principles of Consolidation. The Successor consolidated financial statements of the Company include the accounts of Holdings as of January 29, 2007 (inception), Management LLC from February 7, 2007 (inception) and Cambium and its wholly owned subsidiaries, Cambium Learning (New York), Inc., Sopris West Educational Services, Inc., Kurzweil Educational Systems, Inc. (Kurzweil), and IntelliTools, Inc., from April 12, 2007. All inter-company accounts and transactions are eliminated in consolidation. The Predecessor consolidated financial statements for the year ended December 31, 2006 and the period from January 1, 2007 through April 11, 2007 include the accounts of Cambium and its wholly owned subsidiaries described above. All inter-company accounts and transactions have been eliminated in consolidation. Restatement of 2006 Financial Statements On April 26, 2008, the Company, began an internal investigation that revealed irregularities over the control and use of cash and certain other general ledger accounts of the Company, resulting in a misappropriation of assets. The Company believes these irregularities were perpetrated by a former employee over more than a three year period beginning in 2004 and continuing through April 2008. The embezzlement incurred in each year, before the effect of income taxes, is as follows: Year/Period Xxxxxx 0000 $ 1,912,795 2005 290,135 2006 3,261,132 January 1, 2007 – April 11, 2007 999,516 Total - Predecessor 6,463,578 April 12, 2007 – December 31, 2007 5,731,671 2008 1,800,735 Total - Successor 7,532,406 Total Embezzlement Loss $ 13,995,984 Cambium Learning, Inc. (Predecessor) and VSS-Cambium Holdings, LLC (Successor) Notes to Consolidated Financial Statements (continued)
Principles of Consolidation. The consolidated financial statements include the accounts of Xxxxxx House, Inc., Xxxxxx Communities, Inc., and Xxxxxx Senior Living, Inc. All significant intercompany account balances and transactions have been eliminated in consolidation.
Principles of Consolidation. The consolidated financial statements include the accounts of the Company, First Financial, Citizens, and First Financial's wholly owned subsidiary, Harrodsburg Savings & Loan Service Corporation. All significant intercompany accounts and transactions have been eliminated. Loan Origination Fees. Loan origination fees are accounted for in accordance with SFAS No. 91 "Accounting for Nonrefundable Fees and Costs Associated with Originating or Acquiring Loans and Initial Direct Cost of Leases." Pursuant to the provisions of SFAS No. 91, origination fees received from loans, net of direct origination costs, are deferred and amortized to interest income using the level-yield method, giving effect to actual loan prepayments. Additionally, SFAS No. 91 generally limits the definition of loan origination costs to the direct costs attributable to originating a loan, i.e., principally actual personnel costs. Fees received for loan commitments that are expected to be drawn upon, based on the experience of the Banks with similar commitments, are deferred and amortized over the life of the loan using the level-yield method. Fees for other loan commitments are deferred and amortized over the loan commitment period on a straight-line basis.
Principles of Consolidation. These consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary, Alabama Graphite Company, Inc. ("AGC"). All significant inter-company balances and transactions, including unrealized income and expenses arising from inter-company transactions, were eliminated on consolidation. Subsidiaries consist of entities over which the Company is exposed to, or has rights to, variable returns as well as the ability to affect those returns through the power to direct the relevant activities of the entity. Subsidiaries are fully consolidated from the date control is transferred to the Company and are de-consolidated from the date control ceases. The financial statements include all the assets, liabilities, revenues, expenses and cash flows of the Company and its subsidiary after eliminating inter-entity balances and transactions. DRAFT ALABAMA GRAPHITE CORP. Notes to the Consolidated Financial Statements For the Years Ended August 31, 2017 and 2016 (Expressed in Canadian Dollars)
Principles of Consolidation. The consolidated financial statements incorporate the assets and liabilities of all entities controlled by T3 Communication Partners (parent entity) as at 30 June 2004 and the results of all controlled entities for the year then ended. T3 Communication Partners Pty Ltd and its controlled entities together are referred to in this financial report as the consolidated entity. The effects of all transactions between entities in the consolidated entity are eliminated in full. The financial statements of subsidiaries are prepared for the same reporting period as the parent entity, using consistent accounting policies.
