Such treatment will result from a restriction of assets (or commitment to restrict assets) in connection with a change in financial condition
even if the assets remain available to satisfy the claims of general creditors (such as in the case of a transfer to a rabbi trust).
The cost or consequence of incomplete or untimely Y2K compliance if it represents a material event or uncertainty that is expected to affect future financial results or cause reported financial information not to be necessarily indicative of future operating results or financial condition
Seitel's strong financial condition
is reflected in the fact that the company's net worth now exceeds $90 million against approximately $20 million currently in long-term debt (about $11 million in 9 percent convertible subordinated debentures and about $9 million related to the funding of advanced seismic crews and technology) -- a 4.
This article describes a short test of financial condition
that municipal finance officers can conduct for cities with populations under 100,000.
FRR 36 interprets the existing rules by indicating that disclosure is required unless management (1) determines that the known trend, event, or uncertainty "is not reasonably likely to occur" or (2) determines, assuming that the known trend, event, or uncertainty comes to fruition, that its consequences would not be reasonably likely to have a material effect on the company's financial condition
or results of operations.
The financial condition
component is supported by four numerically rated subcomponents: capital adequacy, asset quality, earnings, and liquidity.
Our judgment was that with the financial condition
of both borrowers and lenders greatly improved, such action would not impede satisfactory economic growth but rather would help such growth to be sustained.
Ernst countered that Woods, as sole stockholder, chairman and chief executive officer, knew Western's exact financial condition
and at no time relied on Ernst's audits in business dealings.
The Company is a defendant in several lawsuits that could have, if unsuccessfully resolved, an adverse effect on the Company's financial condition
and/or financial performance.
E[acute accent]Patapsco's Board of Directors determined that the payment of the dividend was appropriate in light of the Company's sound financial condition
and the results of its operations.
The rating also reflects the economic health and financial condition
of the City of Philadelphia (general obligation bonds rated 'BBB+' with a Negative Outlook by Fitch).
CCE's reported financial results and future earnings prospects were materially misleading without disclosure about CCE's channel stuffing practices and how those practices affected CCE's financial condition
CCE's reported financial results and future earnings prospects were materially misleading without disclosure of CCE's channel stuffing practices and how those practices affected CCE's financial condition
The resignation is in no way related to the company's internal controls, financial statements, financial performance or financial condition
Atrium's parent ("ACIH"), each announced today that their independent auditor, Deloitte & Touche LLP, had completed its audit of Atrium's and ACIH's 2004 year-end financial statements and had issued an opinion that such financial statements fairly present the financial condition
, results of operations and cash flows of Atrium and ACIH for the fiscal year ended December 31, 2004.