Examples of Shareholders’ Equity in a sentence
In terms of sources, at June 30, 2023 a net financial position of Euro 2 million is reported, compared to Euro 7 million at December 31, 2022, while consolidated and Group Shareholders’ Equity amounted to Euro 196.1 million, compared to Euro 189.3 million at December 31, 2022, increasing due to the overall profit in the period.
In compliance with the legal and statutory provisions and the specific requirements of Resolution 763/04 of the National Securities Commission and paragraph b) of Article 1124 of the Paraguayan Civil Code, I have proceeded to verify the books of Sudameris Bank S.A.E.C.A., as well as the annual report, the Statement of Shareholders’ Equity by December 31, 2022 and its corresponding Statement of Income and Cash Flow for the year ended on such date.
For terms and conditions of common stock and preferred stock, refer to Note 11– Shareholders’ Equity in the September 30, 2023 Form 10-Q.
The Company will not permit Shareholders’ Equity at the last day of any fiscal quarter of the Company to be less than $560,000,000 plus 25% of the net proceeds from the sale of Equity Interests by the Company and its Subsidiaries after the Execution Date, other than proceeds of sales of Equity Interests by and among the Company and its Subsidiaries.
The percentage of capital composed by shareholders’ equity (Shareholders’ Equity divided by the Total Liabilities) was 31.2% on December 31, 2023, and 24.9% on December 31, 2022.