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The value of the building is PS20,000 but Kirklees will consider the asset transfer at nil cost due to the community value.
The proposal would align GAAP with IFRS guidance on the recognition of income tax consequences of intra-entity asset transfers.
A number of demonstration projects have been identified for this purpose and the local groups and asset owners will be supported through the asset transfer process in the coming year.
Birmingham City Council has been criticised for selling 17th century Pype Hayes Hall on the open market rather than earmarking it for Community Asset Transfer, but the reality is that most voluntary groups would be unable to afford the huge cost of putting the building into a fit state of repair.
Disposal via community asset transfer was considered but the proposals which came forward were based on substantial commercial activity, which made auction the most appropriate method for the building's disposal.
Under this circumstance, the asset transfer qualifies as a contribution from the PP to the SB.
Reading Entertainment has been incorporated in Delaware and, immediately prior to the Asset Transfer, Reading will become a wholly owned subsidiary of Reading Entertainment and each share of Reading Class A Common Stock and Common Stock will be converted into the right to receive one share of Reading Entertainment Common Stock (the "Reincorporation").
Therefore, actuarial assumptions are the tools for enlarging or shrinking an asset transfer, and selecting them requires expertise in spinoffs, discretion and cautious advocacy.
BEIJING -- China Netcom Group Corporation (Hong Kong) Limited ("China Netcom" or the "Company") (HKSE: 0906; NYSE: CN) announced that China Netcom (Group) Company Limited ('CNC China'), a direct wholly-owned subsidiary of the Company, entered into a conditional Asset Transfer Agreement (the 'Transfer Agreement') on January 15, 2007, pursuant to which CNC China agreed to dispose of its telecommunications assets, liabilities and business operations in Guangdong Province and Shanghai Municipality of the PRC (the 'Target Assets') to China Network Communications Group Corporation (the 'Parent Company').
As far as the Labour-led executive councillors agreeing to grant a 12 month rolling license to occupy/ lease to the SCRA prior to the community asset transfer, it is not reasonable as there isn't a guarantee that there will be a community asset transfer in the near future.
Based on the background above, Renesas Electronics and Sony signed the Asset Transfer Agreement today, under which a semiconductor manufacturing facility and related equipment are expected to be transferred to SCK on March 31, 2014.
On behalf of the city council I would like to clarify once again that the community asset transfer process has not been used in relation to either Milton Grange or Hawthorn House.