In accordance with the IFRS first-time adoption guidelines, the adjustments resulting from IFRS application at 1 January 2004 have been recorded in stockholders' equity
But, if so, why is a range of that magnitude realistic when very few national and large regional money center banks have stockholders' equity
of 5 percent of assets and most community banks have stockholders' equity
of 7 percent to 10 percent of assets?
We calculate our tangible stockholders' equity
by subtracting from stockholders' equity
the sum of our goodwill and core deposit intangibles ("CDI"), and calculate our tangible assets by subtracting the same sum from our total assets.
On August 25, 2003, Nasdaq granted the Company a conditional listing exception from such stockholders' equity
requirement, subject to certain conditions.
Thus, any additional minimum liability will often be fully offset by an intangible asset, and stockholders' equity
will not be affected.
With an anticipated payback in a short period of approximately one year, a reduction in interest rate sensitivity of our liabilities, and no negative effect on stockholders' equity
, we view the repositioning of our available for sale portfolio as being very beneficial for Oriental.
Accordingly, ICICI Bank will include in its annual report in Form 20-F, consolidated financial statements according to Indian GAAP, with a reconciliation of profit after tax and networth to net income and stockholders' equity
under US GAAP and a description of significant differences between Indian GAAP and US GAAP.
The Company intends to provide a detailed plan to the Nasdaq Stock Market, as requested, on or before June 7, 2006 indicating how it expects to correct the $1,323,376 deficiency in stockholders' equity
The current deficit in Gamma's stockholders' equity
is due to primarily two factors.
Congoleum Corporation (AMEX:CGM) reported today that it has received a letter from the American Stock Exchange (the "Amex") indicating that it does not meet the minimum income and stockholders' equity
requirements for continued listing on the Amex.
04 percent in 1992, and the return on average stockholders' equity
Due to this interpretation of EITF-00-19, the Company did not meet the stockholders' equity
requirement of $2.