The under-collected net receivable
balance in the Water Revenue Adjustment Mechanism (WRAM) and Modified Cost Balancing Account (MCBA) was $61.3 million as of June 30, 2019, an increase of 9.3%, or $5.2 million, from the balance of $56.1 million as of December 31, 2018.
Fitch believes several such factors exist for Dignity Health including its broad enterprise, revenue diversification, strong operating model, and the large receivable from the provider fee program ($864 million net receivable
as of nine-months fiscal 2018; $633 million net as of fiscal year-end 2017) that results in a lower cash to adjusted debt than would otherwise be calculated.
However, the net receivable
from ML amounting to P78.954 billion exceeded the 10-percent limit for investment in ML by 61.65 percent,' the COA said.
Giving the breakdown of cash flow, the source said that the NLC has spent Rs6,381 million on Mandra-Chakwal road project so far but it has received only Rs3,930 million against the net receivable
of Rs2,451 million.
MARC observes that cash flow from operations (CFO) improved to RM308.9 million in FY2012 (FY2011: negative RM8.4 million), largely on account of net receivable
As a result, it could be argued that each company should report only a net receivable
asset or a net payable liability rather than each company reporting both a gross receivable asset and a gross payable liability.
The structural requirements for a successful health care receivables securitization include a good net receivable
valuation process; an efficient and experienced servicer; and a sound legal structure, including with respect to reliable lockbox arrangements.
The fair value of the property at the time of foreclosure was less than the seller's gross receivable but greater than his net receivable
. The net receivable
is defined as the gross receivable less the deferred profit on the sale.
Lakeland Bancorp Inc (NASDAQ: LBAI) has said that its wholly owned subsidiary, Lakeland Bank has completed the sale for USD23.6m of four pools of leases having a combined net receivable
balance of USD33.1m, including USD7.4m in non-performing assets.
The company ended the quarter with ~$2.8 million in cash (excluding net receivables
of ~$330,000) and is well-positioned financially to continue the growth and development of the business.
The strengthening of the solvency is notably the result of an efficient cash collection, resulting in a reduction of more than 50 per cent of the net receivables
and an increase of the free cash flow of over AED400mn, de-risking investment portfolio as well as reserves strengthening, he said.
Health care company Johnson & Johnson (NYSE:JNJ) reported on Monday the completion of the sale of its Advanced Sterilization Products (ASP) business for an aggregate value of approximately USD2.8bn in of cash proceeds and USD0.1bn of retained net receivables