Our assessment of these factors forms the basis for our judgments on the carrying values of our assets and liabilities, and the accrual of our costs and expenses.
Actual results could differ materially from these estimates and assumptions. We review our estimates and underlying assumptions on an ongoing basis and make revisions as determined necessary by management. There have been no material changes to our significant accounting estimates and assumptions or the judgments affecting the application of such estimates and assumptions during FY from those described in the notes to our annual audited consolidated financial statements, except for changes in estimates and assumptions related to the recoverability of our remaining solar assets see note 5.
Revisions are recognized in the period in which the estimates are revised and may impact future periods as well. The new standard is effective for annual periods beginning on or after January 1, , and allows for early adoption. We adopted this standard on January 1, , and have elected to use the retrospective approach, pursuant to which we will restate each relevant comparative reporting period presented and recognize the transitional adjustments through equity at the start of the first comparative reporting period to be presented in our quarterly and annual financial statements.
The new standard will change the timing of our revenue recognition for a significant portion of our business, resulting in the recognition of revenue for certain customer contracts earlier than under the previous recognition rules which was generally upon delivery. The new standard will materially impact our consolidated financial statements, primarily in relation to inventory and accounts receivable balances. We are currently analyzing the extent of the financial impacts on our consolidated statement of operations and on key performance indicators for our FY results.
Transition activities have been completed, and the necessary changes have been made to our business processes, systems and controls to support the recognition and disclosures required by the new standard. Recognition and Measurement, and is effective for annual periods beginning on or after January 1, , with earlier adoption permitted.
We adopted this standard effective January 1, The adoption of this standard will not have a material impact on our consolidated financial statements. IFRS 16 supersedes IAS 17, Leases , and related interpretations and is effective for periods beginning on or after January 1, , with earlier adoption permitted. We do not intend to adopt this standard early. We have established a project team to evaluate the anticipated impact of this standard on our consolidated financial statements, as well as any changes to our business processes, systems and controls that may be required to support the recognition and disclosures required by the new standard.
Transition efforts are currently underway, and are anticipated to be complete by January 1, However, numerous factors affecting our period-to-period results make it difficult to isolate the impact of seasonality and other external factors on our business. In the past, revenue from the storage component of our Enterprise business has increased in the fourth quarter of the year compared to the third quarter, and then decreased in the first quarter of the following year, reflecting the increase in customer demand we typically experience in this business in the fourth quarter.
In addition, we typically experience our lowest overall revenue levels during the first quarter of each year. There is no assurance that these patterns will continue.
We incur consulting, transaction and integration costs Acquisition Costs relating to potential and completed acquisitions. Karel is a manufacturing services company that specializes in complex wire harness assembly, systems integration, sheet metal fabrication, welding and machining, serving primarily aerospace and defense customers.
Details of the purchase price allocation in the year of acquisition are as follows:. Approximately two-thirds of the goodwill was tax deductible. Under this supply agreement, we also manufactured and sold completed solar panels to this supplier as a customer discussed below. During the second quarter of , we recorded: During the third quarter of , we shipped all of our remaining solar panel inventory to customers, including to the former solar supplier described above.
We currently expect to consummate the sale of such equipment in February A substantial portion of our solar panel manufacturing equipment was subject to finance lease agreements.
In anticipation of the sale, we terminated and settled these lease obligations in full in January The term of this agreement has been annually extended in recent years including in November for additional one-year periods and is currently extendable to November under specified circumstances but may be terminated earlier as provided in the agreement. We continue to collect cash from our customers and remit the cash to the banks once it is collected.
We utilized this program to substantially offset the effect of extended payment terms required by such customer on our working capital for the period. The third-party bank collects the relevant receivables directly from the customer. Upon sale, we assign the rights to the accounts receivable to the banks. We pay interest which we record in finance costs in our consolidated statement of operations.
We record inventory provisions to reflect write-downs in the value of our inventory to net realizable value, and valuation recoveries primarily to reflect realized gains on the disposition of inventory previously written-down to net realizable value. We regularly review our estimates and assumptions used to value our inventory through analysis of historical performance. Our inventory provisions for FY consisted primarily of the write down of our solar panel inventory to then-lower net realizable values.
Negative market factors at that time resulted in significant declines in the pricing for solar panels, which ultimately led to our decision to exit the solar panel manufacturing business. These assets were reclassified at the lower of their carrying value and estimated fair value less costs to sell at the time of reclassification. We have programs underway to sell these assets. Such plans include defined benefit pension plans for our employees in the United Kingdom U.
Main pension plan is our largest defined benefit pension plan. The Supplementary pension plan does not have any active members. Main pension plan entered into an agreement with a third party insurance company to purchase an annuity for participants in such plan who have retired.
The cost of the annuity was £ The annuity is held as an asset of the Main plan. Although we retain ultimate responsibility for the payment of benefits to plan participants, the annuity substantially hedges the financial risk component of the associated pension obligations for such retired participants.
Supplementary pension plan entered into an agreement with a third party insurance company to purchase an annuity for all participants of this plan. The cost of the annuity was £9. The annuity is held as an asset of such plan. For the Supplementary pension plan, we anticipate transferring the pension annuity to individual plan members and winding up the plan in Although we will retain responsibility for the payment of benefits to plan participants until such wind-up is complete, the annuity substantially hedges the financial risk component of the associated pension obligations for such participants.
We recognize actuarial gains or losses arising from pension and non-pension post-employment defined benefit plans in other comprehensive income loss and we subsequently reclassify the amounts to deficit. We used a measurement date of December 31, for the accounting valuation of our pension and non-pension post-employment defined benefit plans. See note 12 of our annual audited consolidated financial statements for further details regarding the terms of our credit facility. Such solar equipment lease obligations were recorded as current liabilities on our consolidated balance sheet as at December 31, In connection with the anticipated disposition of such equipment, we terminated and settled these lease obligations in full in January Prepayments under our credit facility are required under specified circumstances.
See note 12 of our annual audited consolidated financial statements. There were no amounts outstanding under these overdraft facilities at December 31, or December 31, The maximum number of subordinate voting shares we are permitted to repurchase for cancellation under each NCIB is reduced by the number of subordinate voting shares purchased in the open market during the term of such NCIB to satisfy obligations under our stock-based compensation plans.
We enter into program share repurchases PSRs from time to time as part of the NCIB process if permitted by the TSX , pursuant to which we make a prepayment to a broker for the right to receive a variable number of subordinate voting shares upon such PSR's completion. Under such PSRs, the price and number of subordinate voting shares to be repurchased by us is generally determined based on a discount to the volume weighted-average market price of such shares during the terms of the PSR, subject to certain terms and conditions.
The NCIB allowed us to repurchase, at our discretion, up to approximately We did not repurchase any subordinate voting shares under the NCIB for cancellation during the remainder of or during However, prior to its expiry, we repurchased an aggregate of 1. In addition, we repurchased 1. From time-to-time, we pay cash for the purchase by a broker of subordinate voting shares in the open market to satisfy the delivery of subordinate voting shares upon vesting of such awards.
For accounting purposes, we classify these shares as treasury stock until they are delivered pursuant to the stock-based compensation plans. At December 31, , the broker held 0. The cost we record for RSUs is based on the market value of our subordinate voting shares at the time of grant.
During FY , we granted 0. See note 2 n of our annual audited consolidated financial statements for a description of TSR. The grant date fair value of the non TSR-based PSUs is determined by the market value of our subordinate voting shares at the time of grant and may be adjusted in subsequent periods to reflect a change in the estimated level of achievement related to the applicable performance condition.
We amortize the cost of our awards to compensation expense in our consolidated statement of operations, with a corresponding charge to contributed surplus in our consolidated balance sheet, over the vesting period. We expect to settle these awards with subordinate voting shares purchased in the open market by a broker or issued from treasury. Employee stock-based compensation expense varies from period-to-period. Natale to settle his outstanding DSUs.
Gross with 14, subordinate voting shares that we purchased in the open market. As Celestica is permitted to, and currently intends to, settle all other DSUs with shares purchased in the open market, we have accounted for these awards as equity-settled awards. At December 31, , 1. In response to challenging markets and continued margin pressures, we announced in October our intention to implement additional restructuring actions in the near term to further streamline our business and improve our margin performance, and our related engagement of an outside consultant to identify cost reduction opportunities throughout our network, including through increased operational efficiencies and productivity improvements.
Such initiative will include reductions to our workforce, as well as potential consolidation of certain sites, to better align capacity and infrastructure with current and anticipated customer demand, related transfers of customer programs and production, re-alignment of business processes, management reorganizations, and other associated activities. We currently expect restructuring charges under this initiative to continue through mid We currently expect to complete the transition to this new manufacturing location by the end of first quarter of In addition, should the sale be consummated, we will enter into a long-term lease with the purchasers of our Toronto real property for our new corporate headquarters.
In connection therewith, we intend to move such headquarters to a temporary location while space in a new office building to be built by such purchasers on the site of our current location is under construction.
The temporary office relocation is currently expected to occur by the end of the first quarter of We will incur significant costs throughout the transition period which commenced in the fourth quarter of to relocate our corporate headquarters and to transfer our Toronto manufacturing operations to its new location, and as we prepare and customize the new site to meet our manufacturing needs.
These costs will consist of building improvements and new equipment which we will capitalize, as well as transition-related costs which we will record in other charges. Transition costs are comprised of direct relocation costs, duplicate costs such as rent expense, utility costs, depreciation charges, and personnel costs incurred during the transition period, as well as cease-use costs incurred in connection with idle or vacated portions of the relevant premises that we would not have incurred but for these relocations.
Any amounts received from the purchasers of our Toronto real property or gains recorded in connection with its sale will be recorded as recoveries through other charges recoveries.
These recoveries were offset in part by the cost we recorded to settle an unrelated legal matter in the second quarter of Our effective income tax rate can also vary due to the impact of restructuring charges, foreign exchange fluctuations, operating losses, cash repatriations, and changes in our provisions related to tax uncertainties. Tax Reform discussed below , offset by taxable foreign exchange benefits resulting from the strengthening of the Malaysian ringgit and Chinese renminbi relative to the U.
Tax Reform see below. Tax Reform was enacted on December 22, and is effective commencing on January 1, The legislative changes contained in the U. Tax Reform are extensive and the interpretation of several aspects of such U. Tax Reform is still unclear, however, we have recorded an income tax expense for all significant known and determinable impacts during the fourth quarter of In connection with the reduction in U.
We believe we have recorded all significant one-time impacts resulting from the Tax Reform in the fourth quarter of , but will continue to assess additional impacts, if any, throughout as they become known due to changes in our interpretations and assumptions, as well as additional regulatory guidance that may be issued.
See note 24 to our annual audited consolidated financial statements. Reviews by tax authorities generally focus on, but are not limited to, the validity of our inter-company transactions, including financing and transfer pricing policies which generally involve subjective areas of taxation and a significant degree of judgment. If any of these tax authorities are successful with their challenges, our income tax expense may be adversely affected and we could also be subject to interest and penalty charges.
We believe we adequately accrue for any probable potential adverse tax ruling. However, there can be no assurance as to the final resolution of any claims and any resulting proceedings. If any claims and any ensuing proceedings are determined adversely to us, the amounts we may be required to pay could be material, and could be in excess of amounts accrued. Our financial liabilities are comprised primarily of accounts payable, certain accrued and other liabilities and provisions, the Term Loan, borrowings under the Revolving Facility when applicable , and derivatives.
There have been no significant changes to the classification or to the source of the inputs used to measure our financial assets or liabilities since December 31, As part of our risk management program, we attempt to mitigate currency risk through a hedging program using forecasts of our anticipated future cash flows and balance sheet exposures denominated in foreign currencies. We enter into foreign exchange forward contracts to lock in the exchange rates for future foreign currency transactions, which is intended to reduce the variability of our operating costs and future cash flows denominated in local currencies.
While these contracts are intended to reduce the effects of fluctuations in foreign currency exchange rates, our hedging strategy does not mitigate the longer-term impacts of changes to foreign exchange rates. Our major currency exposures at December 31, are summarized in U. In the table below, in addition to our financial instruments, we have included certain monetary assets and liabilities, including pension and non-pension post-employment benefits and income taxes that were denominated in non-functional currencies, in order to better reflect our currency exposures.
The local currency amounts have been converted to U. At December 31, , we had foreign exchange forwards and swaps to trade U. The unrealized gains or losses are a result of fluctuations in foreign exchange rates between the date the currency forward or swap contracts were entered into and the valuation date at period end. Management believes that adequate provisions have been recorded where required.
Although it is not always possible to estimate the extent of potential costs, if any, management believes that the ultimate resolution of all such pending matters will not have a material impact on our financial performance, financial position or liquidity. I år förväntar vi oss en ryckigare och mer volatil utveckling. Förändring av antalet aktier och röster i LeoVegas AB publ. Avsiktsförklaring rörande riktad emission om ca 5 miljoner kronor till ny investerare. Ändring av antal aktier och röster i Karolinska Development.
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Aino Health AB publ: Buy and sell signals. Rekommendationer från Money Machine. Du får tillgång till 7 värdefulla investeringar verktyg. Alla kurser är fördröjda minuter, enligt distributionsavtal fastställda av de olika börserna. Operating Income excluding NOR. Change in Working Capital. Paid Cost of Debt. Proceeds from disposals of assets. France call-in square enix id ps4 ändern UK call-in nerför floden ackord Access code. Cash and cash equivalents.
Trade accounts and notes receivable, net. Inventories and work-in-progress, net. Other current assets, net. Investments and other financial assets, net. Investments in companies under equity method. Property, plant and equipment, net. Current portion of financial debt lediga jobb sjuksköterska vårdcentral göteborg 1. Trade accounts and notes payables. Provisions - current portion. Current liabilities associated with funded receivables. Financial debt att jobba på polisen 1.
Cumulative income and expense recognized directly in equity. Income provided by cash and cash equivalents. Share of income loss in companies accounted for under equity method.
Weighted average number of shares outstanding 2 3 4. Dilutive potential shares from performance share plans. Dilutive weighted average number of shares outstanding adjusted when dilutive 2 3 4.
Depreciation and amortization mellanblödningar försöker bli gravid excluding multi-client surveys. Share of income in companies accounted for under equity method 1. Capital expenditures hur ofta ändras smaklökarna excluding multi-client surveys 3. Depreciation and amortization tycka om två samtidigt excluding multi-client surveys. Capital expenditures tidningar göteborg butik excluding multi-client surveys 3. Multi-client surveys depreciation and amortization.
Depreciation and amortization capitalized in multi-client surveys. Stock based compensation expenses. Net gain loss on disposal of fixed and financial assets. Equity income loss of investees. Dividends received from investments in companies under equity method. Less net cost of financial debt. Less income tax expense. Impact of changes in exchange rate on financial items. Total capital expenditures including variation of fixed assets suppliers, excluding multi-client surveys.
Investment in multi-client surveys, net cash...
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|Tina escort gay solna artemis tyskland berlin||Total capital expenditures including variation of fixed assets suppliers, excluding multi-client surveys. Our competitors may record impairment charges at different times, and we believe that excluding these charges permits a better comparison of our core operating results with homosexuell swingers sweden knullspel of our competitors who also generally exclude these charges in assessing operating performance. For these same reasons, we are unable to address the probable significance of the unavailable information. Multi-client sales were the highest in Brazil and North Sea. Depreciation and amortization mellanblödningar försöker bli gravid excluding multi-client surveys.|
|JOBBA SOM ESCORT NORWAY ESCORT HOMO POJKAR||The webcast can be accessed at woodwick ljus umeå www. We review our estimates and underlying assumptions on an ongoing basis and make revisions as determined necessary by management. Change in Working Capital. Land acquisition suffered from delays in Algeria and early termination in Angola. For accounting purposes, we classify these shares as treasury stock until they are delivered pursuant to the stock-based compensation plans.|
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