Since most businesses, including metalcasters, have total value in excess of their net assets
, this approach normally is used only in situations where the business is losing money or its earnings do not support its net assets
One organization has an ongoing economic interest in the net assets
of the other.
The Fund's Board will reassess no less frequently than annually the annualized percentage of net assets
at which the Fund's monthly distributions will be made.
Investment income (interest and dividends) is recognized as revenue in the period it is earned and gains and losses are recognized as changes in net assets
in the accounting periods in which they occur.
The YMCA's net assets
have continued to grow through fiscal 2006.
The proposal requires not-forprofit organizations to report the amounts of their total assets, liabilities and net assets
in a statement of financial position; the changes in their net assets
in a statement of activities; as well as the changes in their cash and cash equivalents in a statement of cash flows.
The highlights of this performance include a record increase in the Fund's net assets
resulting from operations, a record level of investment activity, a record amount of dividends paid throughout the year, and the first capital gain realized from an investment made by the current management team.
The typical payout period for a practice sale always has been roughly five years, usually without interest, and the thumb rule price has stayed close to one year's fees, plus net assets
Currently, the Fund has a policy to invest at least 80% of its net assets
in US dollar-denominated debt securities under normal circumstances.
The outlook revision reflects solid growth in unrestricted net assets
and reduced levels of financial leverage more in line with Fitch's expectations.
AMEX:WRP) announced today that its net assets
in liquidation at June 30, 2006 aggregated $55,844,106 or $8.
125% of the Fund's average month-end net assets
") up to and including $150 million; 1.