He said that Pakistan's was the first parliament in the world to be completely powered by solar energy and contributed surplus
energy to the national grid through net-metering license.
It is often included in the contributed surplus
account in the equity section of a company's balance sheet.
The $3,800,000 Convertible debenture was reclassified to contributed surplus
and removed from the Companys liabilities during the year ended December 31, 2015.
China Banking Corporation wants to increase its equity stake and contributed surplus
in Manulife Chinabank Life Assurance Company (MCBL) to 40 percent from the current 5 percent by purchasing the shares from Manulife Philippines.
Oneida had contributed surplus
notes to an insurance company for seven years from 2004.
Loss of Contributed Surplus
for Thin Capitalization Purposes Following an Amalgamation
In a disclosure to the Philippine Stock Exchange on Thursday, China Bank said its board had authorized the bank to increase its capital stake and contributed surplus
in MCBL to 40 percent, and for this purpose, to negotiate the purchase of the corresponding shares of stock from Manulife.