Growth patterns of various indicators such as number of primary co-operative agriculture and rural development banks Membership, Share Capital, Loans outstanding, Undistributed profits
, Recovery and nonperforming Assets (NPAs) etc in terms of their absolute value over a period of time under study are taken into consideration.
Finally, Christie and Nanda (1994) also study the Undistributed Profits
Tax of 1936 and find evidence that the stock market reaction to the announcement of the tax was largest for low-dividend-paying firms.
In the first half of 1991, capital consumption allowances and foreign earnings provided most of the internal sources of funds; undistributed profits
00 per share, as per the proposal of the Company's Board of Directors, corresponding to an aggregate dividend of approximately USD 300,000,000 to be paid out of the Company's undistributed profits
of the year ended December 31, 2011 of USD 528,206,964 which have been carried forward as per the decision o f the Annual General Meeting of May 29, 2012.
In order to make this happen, Milk Marque has to go through a procedure which involves capitalising and distributing the remaining undistributed profits
as shares and converting Milk Marque into a private limited company.
Yet, if they had supported the undistributed profits
tax at that time, I believe that the corporate income tax would long since have eliminated.
Such purchases will be made in accordance with the requirements of the Securities and Exchange Commission, Israeli corporate law provisions requiring undistributed profits
as a condition to a buyback and other applicable legal requirements.
This receivable is comprised of advances made by the Company, as well as undistributed profits
from the joint venture, Tengtu United.
The new shares will be issued from the Account for Undistributed Profits
and divided among the stockholders as a dividend at the rate of 3 new common "A" shares for each Series "A" share held and 3 new common "B" shares for each 4 Series "B" shares held, once the legal formalities have been settled with the Superintendency of Banks and the National Securities and Exchange Commission.
The factors that explain this situation are i) reduced dividend income, which is offset by the separate reporting of undistributed profits
of subsidiaries as part of the total net income of the bank; ii) lower foreign exchange revenues; and iii) trading income continued representing a smaller portion of the bank's revenues.
160 million through its participation in undistributed profits
of Banamex's subsidiaries, which for the first time are explicitly reported following new official accounting rules.
The undistributed profit
of Datang Finance Company for the year