Costs and expenses of maintaining value of the encumbered asset

(29) As regards assets depreciation losses, it is required to list the amount of such losses at current period and that at last period item by item.

Chapter VI Impairment of Financial Assets

The financial assets which have suffered from an impairment loss in any single amount shall not be included in any combination of financial assets with similar risk features for any impairment test.

(3)after deducting the impairment losses that have actually incurred (only applicable to financial assets).

Protection from diminution of the value of encumbered assets

Article 42Where a financial asset measured on the basis of post amortization costs is impaired, the carrying amount of the said financial asset shall be written down to the current value of the predicted future cash flow (excluding the loss of future credits not yet occurred), and the amount as written down shall be recognized as loss of the impairment of the asset and shall be recorded into the profits and losses of the current period.

With regard to the financial assets with insignificant single amounts, an independent impairment test may be carried out, or they may be included in a combination of financial assets with similar credit risk features so as to carry out an impairment related test.

Where, upon independent test, the financial asset (including those financial assets with significant single amounts and those with insignificant amounts) has not been impaired, it shall be included in a combination of financial assets with similar risk features so as to conduct another impairment test.

Protection from diminution of the value of encumbered assets (paras.

(d) Cost reduced the same output for less cost

It is important to note that value creation differs from cost reduction in that it measures the benefits generated above and beyond cuts in expenditures.

(11) As regards assets depreciation reserves, it is required to list item by item the beginning balance, amount prepared at current period, amount carried back at current period, amount written off at current period and ending balance of such reserves.

Where there is any objective evidence proving that such financial asset has been impaired, an impairment provision shall be made.

The insolvency law should provide that the insolvency representative is entitled to recover from the value of an encumbered asset reasonable costs or expenses (including overhead as appropriate) incurred by the insolvency representative in maintaining, preserving or increasing the value of the encumbered asset for the benefit of the secured creditor.

7. The term inventory value represents the actual cost of purchase acquisition for newly acquired assets.

The standards for preparing the asset loss or depreciation reserve, once determined, may not be altered at discretion.

(b) If the insolvency representative uses assets owned by a third party that are in the possession of the debtor subject to contract, that party should be protected against diminution of the value of those assets and have an administrative claim in accordance with subparagraph (a).

(9)Other objective evidences showing the impairment of the financial asset.

It is proposed to decrease the resources for consultants by 100,000, for travel by 170,000 and for general operating expenses by 55,800.

One way of achieving this will be to take into account the full value of natural resources capital by internalizing their environmental and social costs.

The objective evidences that can prove the impairment of a financial asset shall include

During the period of the stay it is possible that the value of the encumbered asset will diminish.

In case the Company has intention to dispose fixed assets, it shall give a description on the name, book value and fair value of the fixed assets to be disposed, the estimated disposal expenses and the planned disposal time, etc.

(b) The value of the encumbered asset is diminishing as a result of the commencement of insolvency proceedings and the secured creditor is not protected against that diminution of value and

9. Gross domestic savings, defined as GDP minus consumption, have been consistently declining in Africa.

These reductions are attributable to the shift of costs related to other resources.

The share of GDP devoted to investment was 19.6 per cent in 2004.

Such cuts could facilitate the efforts of developed countries to reach the target of 0.7 per cent of gross national product for official development assistance.

Net Worth

In the case of transfer in, sale, replacement, mortgage, guarantee or seal up of any fixed assets under construction, an explanation thereon must be given.

Resource requirements (before recosting) decrease of 227,000

(k) Deferred charges shown under other assets

Net Worth By Month

A. Market value of assets

A slowing down of the rate of growth of the average wage to a level nearing the dynamics of living costs.

if the assets sold are non equity assets, the total assets and the net assets are respectively the book value of the assets and the difference between the related assets and the book value of the liabilities

If any objective evidence shows that it has been impaired, the impairment related losses shall be recognized and shall be recorded into the profits and losses of the current period.

Article 49After an impairment of a financial asset, the interest incomes shall be recognized at the interest rate which is used as the capitalization rate in the capitalization of the future cash flow when the impairment related losses are determined.

H. The insolvency law should provide that, in determining the liquidation value of encumbered assets in a reorganization proceeding, consideration should be given to the use of those assets and the purpose of the valuation.

This was because the cumulative deficit in reserve had decreased from minus 4.2 million to minus 3.8 million and there was a continued recovery in the values of assets such as construction costs.

Spending for this purpose as a percentage of gross national product (GNP) has been relatively low.

The minor decrease under non post resources reflects reduced requirements under official travel.

Central to the notion of protecting the value of encumbered assets is the mechanism for determining the value of those assets to enable the court to consider whether and how much to provide to secured creditors as relief against the diminution of the value of encumbered assets during the proceedings.

Net worth forecast