Hafnia Tankers Ltd. Interim Report. For the Three and Nine Months Ended September 30, 2016 and 2015

Size: px
Start display at page:

Download "Hafnia Tankers Ltd. Interim Report. For the Three and Nine Months Ended September 30, 2016 and 2015"

Transcription

1 Interim Report For the Three and Nine Months Ended September 30, 2016 and 2015

2 Condensed Consolidated Balance Sheet ASSETS As of September 30 December 31 Note Current assets Cash and cash equivalents 106, ,856 Accounts receivable 5,514 12,919 Prepaid expenses and other receivables 10,715 13,282 Inventories 4,428 4,496 Total current assets 127, ,553 Non-current assets Vessels and dry dock 4 973, ,245 Vessels under construction 4 41,163 96,393 Goodwill 3 6,003 6,003 Time charters acquired 3 1,045 4,141 Contract values vessels under construction ,279 Prepaid financing fee Interests in associates 2,231 4,108 Pool working capital deposit 5 25,800 24,400 Deferred tax Total non-current assets 1,050, ,827 Total assets 1,177,661 1,139,380 LIABILITIES & EQUITY Current liabilities Bank loans 6 47,355 41,340 Accounts payable 2,791 3,433 Accrued expenses and other payables 8,492 12,261 Deferred revenue 2,803 - Tax payable 1, Total current liabilities 62,600 57,102 Non-current liabilities Bank loans 6 508, ,973 Derivatives 11 5,219 2,702 Total non-current liabilities 514, ,675 Total liabilities 576, ,777 Shareholders' equity Issued, authorized and paid in share capital Share capital Additional paid in capital 352, ,743 Treasury shares (258) (200) Accumulated profits 43,979 53,077 Cash flow hedging reserve (3,401) (1,767) Translation reserve (34) (34) Equity holders of the parent 393, ,158 Non-controlling interests 208, ,445 Total equity 601, ,603 Total liabilities and equity 1,177,661 1,139,380 2

3 Condensed Consolidated Statement of Profit For the three months ended For the nine months ended September 30 September 30 Note Revenue Revenue 44,375 59, , ,740 44,375 59, , ,740 Operating expenses Vessel operating costs (18,213) (14,602) (53,234) (39,242) Technical management fee (1,255) (1,018) (3,573) (2,761) Charter hire 7 (8,146) (8,712) (24,125) (26,654) Voyage expenses (154) (220) (428) (499) Depreciation 4 (11,804) (9,062) (32,697) (23,694) General and administrative expenses 8 (3,205) (3,281) (9,149) (9,693) Total operating expenses (42,777) (36,896) (123,206) (102,543) Other operating income Other operating income 1,081 1,906 4,365 1,906 Share of associates profit ,709 1,359 2,416 5,285 3,615 Operating profit 2,957 25,098 31,405 59,812 Financial expenses and income Financial expenses (5,244) (4,360) (15,378) (11,937) Financial income Profit before tax (2,282) 20,778 16,067 48,119 Taxes (30) (104) (1,163) (696) Profit for the period (2,312) 20,674 14,904 47,423 Attributable to: Equity holders of the parent (1,501) 13,136 9,674 30,688 Non-controlling interests (811) 7,538 5,230 16,735 (2,312) 20,674 14,904 47,423 Earnings per share attributable to equity holders of the parent: Basic earnings per share (USD) 9 (0.04) Diluted earnings per share (USD) 9 (0.04) Shares used in computing earnings per share attributable to equity holders of the parent: Basic (in thousands) 9 33,946 33,946 33,946 33,559 Diluted (in thousands) 9 33,946 33,946 33,946 33,559 3

4 Condensed Consolidated Statement of Comprehensive Income For the three months ended For the nine months ended September 30 September Profit for the period (2,312) 20,674 14,904 47,423 Other comprehensive (loss) Items that may be reclassified subsequently to profit or (loss): Fair value (losses) on cash flow hedges (323) (1,724) (3,328) (3,063) Reclassification to profit or (loss) related to cash flow hedges Exchange differences on translating foreign operations Other comprehensive (loss) after tax (53) (1,454) (2,517) (2,793) Total comprehensive income (2,365) 19,220 12,387 44,630 Attributable to: Equity holders of the parent (1,535) 12,208 8,041 28,885 Non-controlling interests (830) 7,012 4,346 15,745 (2,365) 19,220 12,387 44,630 4

5 Condensed Consolidated Statement of Changes in Equity Attributable to the equity holders of the parent Share Additional Cash flow Noncapital paid in Accumulated Treasury hedging Translation controlling Total nominal capital profits shares reserve reserve Total interests equity Balance as of January 1, ,800 12, (23) 352, , ,213 Profit for the period , ,688 16,735 47,423 Other comprehensive (loss) for the period (1,802) - (1,802) (991) (2,793) Total comprehensive income ,688 - (1,802) - 28,885 15,744 44,629 Capital contribution 16 13, ,199 20,831 34,030 Cost related to capital contribution - (850) (850) - (850) Prepaid costs relating to future share issuance - (885) (885) - (885) Purchase of treasury shares (200) - - (200) - (200) Share-based compensation - - 1, ,891-1,891 Reallocation of non-controlling interests (666) (55) ,059 1,225 (200) ,100 20,886 33,986 Balance as of September 30, ,859 44,532 (200) (1,802) (23) 394, , ,830 Balance as of January 1, ,743 53,077 (200) (1,767) (34) 403, , ,603 Profit for the period - - 9, ,674 5,230 14,904 Other comprehensive (loss) for the period (1,634) - (1,634) (883) (2,517) Total comprehensive income - - 9,674 - (1,634) - 8,040 4,347 12,387 Expensed cost relating to share issuance from previous periods - 1, ,048-1,048 Purchase of treasury shares (58) - - (58) - (58) Share-based compensation - - 2, ,027-2,027 Dividend paid, $0.592 per share - - (30,947) (30,947) - (30,947) Reallocation of non-controlling interests - (368) 10, ,780 (9,780) (18,772) (58) - - (18,150) (9,780) (27,930) Balance as of September 30, ,423 43,979 (258) (3,401) (34) 393, , ,060 5

6 Condensed Consolidated Statement of Cash Flow For the nine months ended September 30 Note Operating activities Profit for the period 14,904 47,423 Depreciation 4 32,697 23,694 Amortization of time charters acquired 3 3,096 3,478 Share-based compensation 2,027 1,891 Expensed cost relating to share issuance from previous periods 1,048 - Financial expenses 15,378 11,937 Tax expense 1, Share of associates profit 1,880 (1,709) 72,193 87,410 Changes in assets and liabilities: Decrease / (increase) in inventories 68 (2,358) Decrease / (increase) in accounts receivable 7,402 (2,442) Decrease / (increase) in prepaid expenses and other receivables 1,169 (10,789) (increase) in pool working capital deposit 5 (1,400) (5,550) (decrease) / increase in accounts payable (607) 3,235 (decrease) / increase in accrued expenses and other payables (2,545) 4,975 Increase in deferred income 2,803 1,227 6,890 (11,702) Financial expenses paid (16,602) (11,765) Taxes paid (37) (393) Net cash inflow from operating activities 62,444 63,550 Investing activities Payments for vessels under construction (97,552) (136,808) Payments for vessels including drydock (4,177) (142,790) Net cash (outflow) from investing activities (101,729) (279,598) Financing activities Bank loan repayment (57,080) (45,393) Draw down on credit facility 113, ,453 Cost relating to share issuance - (1,539) Prepaid financing fee (2,495) (4,818) Dividend paid (30,947) - Proceeds from share capital increase - 34,030 Purchase of treasury shares (58) (200) Net cash (outflow) / inflow from financing activities 23, ,533 Net cash flow from operating, investing and financing activities (16,148) 39,485 Cash and cash equivalents at January 1 122,856 73,746 Effects of exchange rate changes on the balance of cash held in foreign currencies (35) (35) Cash and cash equivalents at September , ,196 6

7 (All amounts other than share data are provided in thousands of U.S. dollars, unless otherwise indicated) 1 General Information Consolidated Financial Statements (the Company ) is a private limited company incorporated on October 15, 2013 in the Republic of the Marshall Islands. The Company and its subsidiaries (together, the Group ) provide seaborne transportation of petroleum products worldwide. The Company currently holds Class A Units representing approximately 64.9% of the outstanding membership interests of the Company s direct subsidiary Hafnia Tankers LLC, while the balance of Hafnia Tankers LLC s outstanding membership interests consists of exchangeable Class B and Class C Units held by existing investors representing an interest of approximately 34.8% and 0.3%, respectively, which are presented as non-controlling interests in the Company s financial statements. 2 Accounting Policies Basis of Preparation These unaudited condensed consolidated financial statements for the three and nine months ended September 30, 2016 and 2015 have been prepared in accordance with International Accounting Standard ( IAS ) 34 Interim Financial Reporting as issued by the International Accounting Standards Board ( IASB ). Certain information and footnote disclosures required by International Financial Reporting Standards as issued by the IASB ( IFRS ) for a complete set of annual financial statements have been omitted, and therefore, these unaudited condensed consolidated financial statements should be read in conjunction with the Group s annual consolidated financial statements for the year ended December 31, Accounting Policies The same accounting policies and methods of computation have been followed in these condensed consolidated financial statements as were applied in the preparation of the Group s financial statements for the year ended December 31, 2015, except for the adoption of accounting policies required by IFRS standards effective for accounting periods beginning after January 1, The new standards have not had any material effect on the Group s financial statements. Accounting Standards and Interpretations Not Yet Adopted The IASB has issued new or revised accounting standards (IAS and IFRS) and interpretations (IFRICs) that are not compulsory for the Group in the preparation of the financial statements for the current period. None of them are expected to have a material impact on the financial reporting for the Group. 7

8 3 Intangible Assets Contract values vessels under Time charters Goodwill construction acquired Total Cost Balance at January 1, ,003 47,932 13,315 67,250 Addition Disposals - (21,383) (982) (22,365) Cost at December 31, ,003 26,549 12,333 44,885 Accumulated amortization Balance at January 1, (28,673) (4,657) (33,330) Amortization - (14,980) (4,517) (19,497) Disposals - 21, ,365 Accumulated amortization at December 31, (22,270) (8,192) (30,462) Carrying amount at December 31, ,003 4,279 4,141 14,423 Cost Balance at January 1, ,003 26,549 12,333 44,885 Addition Disposals - (16,224) - (16,224) Cost at September 30, ,003 10,325 12,333 28,661 Accumulated amortization Balance at January 1, (22,270) (8,192) (30,462) Amortization - (3,800) (3,096) (6,896) Disposals - 16,224-16,224 Accumulated amortization at September 30, (9,846) (11,288) (21,134) Carrying amount at September 30, , ,045 7,527 Goodwill has been allocated for impairment testing purposes to the following cash-generating units (CGUs), shortrange ( SR ), medium-range ( MR ) and long-range 1 ( LR1 ). As of September 30, 2016, the fair value less cost to sell the LR1 fleet was greater than its carrying amount, and the value in use test for the SR and MR CGUs was greater than its carrying amount and thus no impairment losses have been recognized during the period ended September 30, Contract values for vessels under construction are related to newbuild contracts which were acquired as a result of the merger between BTS Tanker Partners Limited and Hafnia Tankers LLC on December 31, 2013 (the Combination ). The value of the contracts is added to the cost of vessels under construction on a straight line until the time when the vessels are delivered. The final vessel is expected to be delivered in the first quarter of Time charters acquired are related to time charter contracts which were acquired as a result of the Combination. The value of the contracts is amortized on a straight line over the remaining contract period. The amortization expense of USD 3,096 for the period ended September 30, 2016 is recognized as charter hire. The final time charter contract acquired is expected to run until the second quarter of

9 4 Tangible Assets Vessels under Vessels Dry dock construction Total Cost Balance at January 1, ,986 11, , ,202 Additions 136,653 8, , ,581 Transfers 256,390 5,600 (261,990) - Disposals - (725) - (725) Cost at December 31, ,029 24,636 96,393 1,011,058 Accumulated depreciation Balance at January 1, 2015 (32,513) (3,728) - (36,241) Depreciation (29,713) (4,191) - (33,904) Disposals Accumulated depreciation at December 31, 2015 (62,226) (7,194) - (69,420) Carrying amount at December 31, ,803 17,442 96, ,638 Cost Balance at January 1, ,029 24,636 96,393 1,011,058 Additions 328 3, , ,529 Transfers 153,382 3,200 (156,582) - Disposals - (2,095) - (2,095) Cost at September ,043,739 29,590 41,163 1,114,492 Accumulated depreciation Balance at January 1, 2016 (62,226) (7,194) - (69,420) Depreciation (28,617) (4,080) - (32,697) Disposals - 2,095-2,095 Accumulated depreciation at September 30, 2016 (90,843) (9,179) - (100,022) Carrying amount at September 30, ,896 20,411 41,163 1,014,470 Vessels are pledged to secure the bank loans of the Group. In accordance with IAS 36 Impairment of Assets, the Company has determined its cash-generating units (CGUs) based on the vessel classes, namely SR, MR and LR1. As of September 30, 2016, the fair value less cost to sell of the LR1 fleet was greater than its carrying amount. However, the fair value less cost to sell of the SR and the MR vessels were less than their carrying amounts and accordingly, a value in use calculation was performed. The significant assumptions applied in determining the value in use of the SR and MR fleet are the future charter rates, vessel operating expenses and the discount rate. The Company estimated the future cash flows of the SR and MR CGUs based on a combination of the current time charter rates for the next three years and the most recent ten-year historical average for one-year time charter rates for periods thereafter. The Company estimated the operating expenses based on budgets agreed with third party technical managers for 2016 adjusted for an escalation factor. The future cash flows were then discounted to their present value. The value in use calculation was greater than the carrying amount for both SR and MR vessels and as a result of this testing, no impairment charge was recorded. Vessels under construction As of September 30, 2016, the Group has three vessels under construction. These vessels are expected to be delivered to the Group no later than the first quarter of The contractual obligation arising from these newbuild contracts amounted to USD 70,378 as of September 30,

10 5 Other Assets As of September 30 December Deposit of working capital to the pools, long term 25,800 24,400 25,800 24,400 Participating in pools requires a deposit of working capital. The deposit ranges from USD 600 to USD 1,000 per vessel. The deposit is paid upon entrance to the pool and is repaid when the pool is exited. The amount is non-interest bearing. 6 Bank Loans In February 2016, the Group signed a USD 360,000 credit facility. The facility refinanced an existing USD 340,584 credit facility. The credit facility will mature in March 2023 and is priced at LIBOR plus a margin of 2.25%. The refinanced USD 360,000 credit facility has in accordance with IFRS 9 been treated as a modification to the previous USD 340,584 credit facility. For the nine months ended September 30, 2016, the Group drew down USD 21,000 on the USD 236,775 credit facility and USD 65,550 on the USD 360,000 credit facility to finance newbuild vessels delivered in the quarter. The interest rates on the drawn amounts are LIBOR plus a margin ranging from 2.25% to 2.60% and are to be repaid in quarterly installments with a balloon payment at the end of the seventh year. The drawn amounts are secured by first priority mortgages on vessels. The drawn amounts are subject to the following significant financial covenants: Working capital above zero A minimum liquidity above USD 10,000 and above 5% of total debt Equity above USD 100,000 and above 30% of the total assets The Group was fully compliant with all loan covenants at September 30, The Group is subject to a minimum security value clause under which the vessel values must not exceed a percentage of the debt. The Group was fully compliant with this clause at September 30, The following table summarizes the current contractual maturities of the Group s bank loans and presents the total principal amount based on the earliest date on which the Group can be required to pay. As of September 30, 2016 <1 year 1-5 years >5 years Total Bank loans 47, , , ,137 As of December 31, 2015 <1 year 1-5 years >5 years Total Bank loans 41, , , ,313 10

11 7 Charter Hire The table below shows the Group s time chartered-in vessel commitments as of September 30, 2016, assuming no offhire days: Optional Earliest extension Subject to Purchase Type Delivery re-delivery period profit split option MR No Yes No MR No Yes No MR No Yes No MR years No Yes MR years No Yes LR No No No LR No No No Year Minimum charter hire , , , , , , , , , ,173 Total as of September 30, ,663 Total as of December 31, ,710 8 General and Administrative Expenses For the three months ended For the nine months ended September 30 September Wages and salaries (638) (1,612) (3,514) (4,956) Outsourced functions (83) (99) (283) (252) Contributions to defined contribution plans (51) (53) (151) (150) Other social security costs (6) (6) (18) (13) Other administrative costs (277) (333) (908) (1,002) Auditors, consultants and legal fees (1,478) (548) (2,249) (1,428) (2,533) (2,651) (7,123) (7,801) Share based compensation (non-cash) (672) (630) (2,026) (1,892) (672) (630) (2,026) (1,892) (3,205) (3,281) (9,149) (9,693) 11

12 9 Earnings Per Share For the three months ended September Profit for the period (USD thousand) (2,312) 20,674 Consolidated profit attributable to non-controlling interests (811) 7,538 Profit attributable to equity holders of the parent (USD thousand) (1,501) 13,136 Weighted average number of shares (in thousands) 33,946 33,946 Diluted weighted average number of shares in issue (in thousands) 33,946 33,946 Earnings per share (USD) (0.04) 0.39 Diluted earnings per share (USD) (0.04) 0.39 For the nine months ended September Profit for the period (USD thousand) 14,904 47,423 Consolidated profit attributable to non-controlling interests 5,230 16,735 Profit attributable to equity holders of the parent (USD thousand) 9,674 30,688 Weighted average number of shares (in thousands) 33,946 33,559 Diluted weighted average number of shares in issue (in thousands) 33,946 33,559 Earnings per share (USD) Diluted earnings per share (USD) During the period ended September 30, 2016, potentially dilutive securities include 18,191,712 Class B Units and 162,911 Class C Units. The Class B Units and the Class C Units have not had a dilutive effect for the period ended September 30, The Class B Units and the Class C Units are exchangeable on a one-for-one basis for the Company s common shares. The Class B Units and the Class C Units are considered in computing diluted profit or loss per share on an if-converted basis. During the period ended September 30, 2016, a total of 2,300,000 warrants, 200,000 options and 34,291 Restricted Stock Units with a potential dilutive effect has been granted to employees. The warrant and options have not had a dilutive effect in 2016 as they are not in the money. 10 Categories of Financial Instruments As of September 30 December Financial assets Cash and cash equivalents 106, ,856 Receivables 34,228 40,122 Financial liabilities Bank loans 556, ,313 Financial liabilities measured at amortised cost 8,766 12,974 Derivative instruments in designated hedge accounting relationships 5,219 2,702 12

13 11 Cash Flow Hedging The Group has agreements to hedge part of the interest rate exposure to comply with the adopted Risk Management Policy. The cost of the hedging instruments is paid over the period of the contracts. The fair market value of the total hedging agreements as of September 30, 2016 was negative USD 5,219. The fair market value of the hedging agreement is comprised of discounted premiums, negative USD 7,511, and the value of the hedging instruments, USD 2, Fair Value Measurements Except for the hedge agreements entered into in the second quarter of 2015 and the first quarter of 2016, no assets or liabilities are measured at fair value after initial recognition, and the carrying values of financial instruments approximate their respective fair values. Therefore, no additional disclosure related to fair value measurement has been provided in these financial statements. 13 Subsequent Events There have not been any significant events after the balance sheet date at September 30, The Condensed Consolidated Financial Statements were authorized for issuance by the Board of Directors on November 17,

Hafnia Tankers Ltd. Interim Report. For the Three Months Ended March 31, 2017 and 2016

Hafnia Tankers Ltd. Interim Report. For the Three Months Ended March 31, 2017 and 2016 Interim Report For the Three Months Ended March 31, 2017 and 2016 Condensed Consolidated Balance Sheet ASSETS As of March 31 December 31 Note 2017 2016 Current assets Cash and cash equivalents 83,812 95,488

More information

Hafnia Tankers Ltd. Interim Report. For the Three and Six Months Ended June 30, 2017 and 2016

Hafnia Tankers Ltd. Interim Report. For the Three and Six Months Ended June 30, 2017 and 2016 Interim Report For the Three and Six Months Ended June 30, 2017 and 2016 Condensed Consolidated Balance Sheet As of June 30 December 31 Note 2017 2016 ASSETS Current assets Cash and cash equivalents 64,873

More information

Hafnia Tankers Ltd. Interim Report. For the Three and Six Months Ended June 30, 2018 and 2017

Hafnia Tankers Ltd. Interim Report. For the Three and Six Months Ended June 30, 2018 and 2017 Interim Report For the Three and Six Months Ended, 2018 and 2017 Consolidated Balance Sheet As of December 31 Note 2018 2017 ASSETS Current assets Cash and cash equivalents 50,974 48,127 Accounts receivable

More information

Hafnia Tankers Ltd. Consolidated Financial Statement. For the years ended December 31, 2014 and 2013

Hafnia Tankers Ltd. Consolidated Financial Statement. For the years ended December 31, 2014 and 2013 Hafnia Tankers Ltd. Consolidated Financial Statement For the years ended December 31, 2014 and 2013 Statement by Management on the Consolidated financial statements The Board of Directors have today, March

More information

Selling, general and administrative expenses 35,645 33,787. Net other operating income (292) (270) Operating profit 44,202 17,756

Selling, general and administrative expenses 35,645 33,787. Net other operating income (292) (270) Operating profit 44,202 17,756 Condensed Interim Consolidated Income Statement For the quarter ended September 30 Continuing operations Revenue 328,071 258,941 Cost of sales 248,516 207,668 Gross profit 79,555 51,273 Selling, general

More information

ASSETS 30 September December 2017

ASSETS 30 September December 2017 Condensed Consolidated Interim Balance Sheet as at Not Reviewed Audited ASSETS 31 December 2017 Current Assets Cash and Cash Equivalents 16.343 7.132 Financial Investments - 736 Trade Receivables -Trade

More information

ASSETS 31 March December 2017

ASSETS 31 March December 2017 Condensed Consolidated Interim Balance Sheet as at 31 March 2018 Audited ASSETS 31 March 2018 31 December 2017 Current Assets Cash and Cash Equivalents 7.500 7.132 Financial Investments 198 736 Trade Receivables

More information

ASSETS 31 December December 2016

ASSETS 31 December December 2016 Condensed Consolidated Interim Balance Sheet as at 31 December 2017 ASSETS 31 December 2017 31 December 2016 Current Assets Cash and Cash Equivalents 7.132 5.159 Financial Investments 736 1.228 Trade Receivables

More information

ASSETS 30 June December 2017

ASSETS 30 June December 2017 Condensed Consolidated Interim Balance Sheet as at Audited ASSETS 31 December 2017 Current Assets Cash and Cash Equivalents 11.628 7.132 Financial Investments 395 736 Trade Receivables -Trade Receivables

More information

2014 Q1 INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS. For the Thirteen Weeks Ended

2014 Q1 INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS. For the Thirteen Weeks Ended 2014 Q1 INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS For the Thirteen Weeks Ended May 3, 2014 HUDSON S BAY COMPANY CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (LOSS) (unaudited) (millions of Canadian

More information

ZIM INTEGRATED SHIPPING SERVICES LIMITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS MARCH 31, 2015

ZIM INTEGRATED SHIPPING SERVICES LIMITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS MARCH 31, 2015 ZIM INTEGRATED SHIPPING SERVICES LIMITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS MARCH 31, 2015 INDEX TO CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS Page INDEPENDENT AUDITORS REPORT

More information

Condensed Consolidated Financial Statements of CEQUENCE ENERGY LTD. September 30, 2018 and 2017

Condensed Consolidated Financial Statements of CEQUENCE ENERGY LTD. September 30, 2018 and 2017 Condensed Consolidated Financial Statements of CEQUENCE ENERGY LTD. 2018 and 2017 Condensed Consolidated Balance Sheets (Unaudited)(Expressed in thousands of Canadian dollars) 2018 December 31, 2017 ASSETS

More information

ZIM INTEGRATED SHIPPING SERVICES LIMITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS SEPTEMBER 30, 2018

ZIM INTEGRATED SHIPPING SERVICES LIMITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS SEPTEMBER 30, 2018 ZIM INTEGRATED SHIPPING SERVICES LIMITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS SEPTEMBER 30, 2018 INDEX TO CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS Page INDEPENDENT AUDITORS REPORT

More information

KNOT OFFSHORE PARTNERS LP EARNINGS RELEASE INTERIM RESULTS FOR THE PERIOD ENDED SEPTEMBER 30, 2017

KNOT OFFSHORE PARTNERS LP EARNINGS RELEASE INTERIM RESULTS FOR THE PERIOD ENDED SEPTEMBER 30, 2017 Highlights KNOT OFFSHORE PARTNERS LP EARNINGS RELEASE INTERIM RESULTS FOR THE PERIOD ENDED SEPTEMBER 30, For the three months ended, KNOT Offshore Partners LP ( KNOT Offshore Partners or the Partnership

More information

Condensed Consolidated Financial Statements June 30, 2014

Condensed Consolidated Financial Statements June 30, 2014 Andrew Peller Limited Condensed Consolidated Financial Statements June 30, 2014 ANDREW PELLER LIMITED Condensed Consolidated Balance Sheets These financial statements have not been reviewed by our auditors

More information

Strongco Corporation September 30, 2018 and 2017

Strongco Corporation September 30, 2018 and 2017 Unaudited Interim Condensed Consolidated Financial Statements September 30, 2018 and 2017 Notice required under National Instrument 51-102, Continuous Disclosure Obligations, Part 4.3 (3) (a). The accompanying

More information

GEAR ENERGY LTD. INTERIM CONDENSED BALANCE SHEETS (unaudited) As at

GEAR ENERGY LTD. INTERIM CONDENSED BALANCE SHEETS (unaudited) As at GEAR ENERGY LTD. INTERIM CONDENSED BALANCE SHEETS (unaudited) As at June 30, 2014 (Cdn$ thousands) ASSETS Current assets Cash and cash equivalents $ - $ 841 Accounts receivable 18,395 9,550 Prepaid expenses

More information

Enercare Solutions Inc. Condensed Interim Consolidated Financial Statements. For the three and nine months ended September 30, 2018 and 2017

Enercare Solutions Inc. Condensed Interim Consolidated Financial Statements. For the three and nine months ended September 30, 2018 and 2017 Enercare Solutions Inc. Condensed Interim Consolidated Financial Statements For the three and nine months ended September 30, 2018 and 2017 Dated November 19, 2018 Enercare Solutions Inc. Condensed Interim

More information

Strongco Corporation. Unaudited Interim Condensed Consolidated Financial Statements September 30, 2013 and 2012

Strongco Corporation. Unaudited Interim Condensed Consolidated Financial Statements September 30, 2013 and 2012 Unaudited Interim Condensed Consolidated Financial Statements September 30, 2013 and 2012 Unaudited Interim Consolidated Statement of Financial Position (in thousands of Canadian dollars, unless otherwise

More information

EXFO Inc. Condensed Unaudited Interim Consolidated Balance Sheets

EXFO Inc. Condensed Unaudited Interim Consolidated Balance Sheets Condensed Unaudited Interim Consolidated Balance Sheets (in thousands of US dollars) Assets As at 2017 As at August 31, 2017 Current assets Cash $ 18,451 $ 38,435 Short-term investments 1,004 775 Accounts

More information

EXFO Inc. Condensed Unaudited Interim Consolidated Balance Sheets

EXFO Inc. Condensed Unaudited Interim Consolidated Balance Sheets Condensed Unaudited Interim Consolidated Balance Sheets (in thousands of US dollars) Assets As at May 31, 2017 As at August 31, 2016 Current assets Cash $ 34,373 $ 43,208 Short-term investments 3,337 4,087

More information

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM 6-K. Pyxis Tankers Inc.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM 6-K. Pyxis Tankers Inc. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month

More information

Unaudited Condensed Consolidated Interim Financial Statements. Element Financial Corporation As at and for the three months ended March 31, 2013

Unaudited Condensed Consolidated Interim Financial Statements. Element Financial Corporation As at and for the three months ended March 31, 2013 Unaudited Condensed Consolidated Interim Financial Statements Element Financial Corporation As at and for the three months ended CONSOLIDATED INTERIM STATEMENTS OF FINANCIAL POSITION [unaudited, in thousands

More information

ZIM INTEGRATED SHIPPING SERVICES LIMITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS MARCH 31, 2018

ZIM INTEGRATED SHIPPING SERVICES LIMITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS MARCH 31, 2018 ZIM INTEGRATED SHIPPING SERVICES LIMITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS MARCH 31, 2018 INDEX TO CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS Page INDEPENDENT AUDITORS REPORT

More information

Village Farms International, Inc.

Village Farms International, Inc. Village Farms International, Inc. Condensed Consolidated Interim Financial Statements Village Farms International, Inc. Condensed Consolidated Interim Statements of Financial Position (In thousands of

More information

UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS TEEKAY SHUTTLE TANKERS L.L.C.

UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS TEEKAY SHUTTLE TANKERS L.L.C. UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS TEEKAY SHUTTLE TANKERS L.L.C. Interim report for the three and nine months ended INDEX TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS TO TEEKAY SHUTTLE TANKERS

More information

MORNEAU SHEPELL INC.

MORNEAU SHEPELL INC. Unaudited Condensed Consolidated Interim Financial Statements (In Canadian dollars) MORNEAU SHEPELL INC. Three and nine months ended September 30, 2015 and 2014 (Unaudited) Unaudited Condensed Consolidated

More information

Callidus Capital Corporation. Condensed Consolidated Interim Financial Statements (Unaudited)

Callidus Capital Corporation. Condensed Consolidated Interim Financial Statements (Unaudited) Callidus Capital Corporation Condensed Consolidated Interim Financial Statements (Unaudited) For the Condensed Consolidated Interim Statements of Financial Position (Unaudited) September 30, 2017 December

More information

Interim Report to Shareholders For the Three Months Ended March 31, Short Sea Shipping is OUR BUSINESS

Interim Report to Shareholders For the Three Months Ended March 31, Short Sea Shipping is OUR BUSINESS Interim Report to Shareholders For the Three Months Ended March 31, 2017 Short Sea Shipping is OUR BUSINESS Algoma Central Corporation Table of Contents General 1 Use of Non-GAAP Measures 1 Caution Regarding

More information

ZORLU ENERJİ ELEKTRİK ÜRETİM A.Ş. CONDENSED INTERIM CONSOLIDATED BALANCE SHEETS AS OF 30 SEPTEMBER 2013 AND 31 DECEMBER 2012

ZORLU ENERJİ ELEKTRİK ÜRETİM A.Ş. CONDENSED INTERIM CONSOLIDATED BALANCE SHEETS AS OF 30 SEPTEMBER 2013 AND 31 DECEMBER 2012 CONDENSED INTERIM CONSOLIDATED BALANCE SHEETS AS OF 30 SEPTEMBER 2013 AND 31 DECEMBER 2012 Audited ASSETS Note 30.09.2013 31.12.2012 Current Assets 471,526 594,414 Cash and Cash Equivalents 5 172,119 187,379

More information

UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS TEEKAY SHUTTLE TANKERS L.L.C.

UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS TEEKAY SHUTTLE TANKERS L.L.C. UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS TEEKAY SHUTTLE TANKERS L.L.C. Interim report for the three months ended March 31, 2018. INDEX TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS TO TEEKAY SHUTTLE

More information

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION 2018 December 31, 2017 (Stated in thousands; unaudited) ASSETS Current assets Cash and cash equivalents $21,636 $12,739 Trade and other receivables

More information

Vertex Resource Group Ltd.

Vertex Resource Group Ltd. Condensed Consolidated Interim Financial Statements of Vertex Resource Group Ltd. For the three and nine month periods ended (Unaudited) Table of contents Condensed consolidated interim statements of financial

More information

PAO SOVCOMFLOT CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (UNAUDITED) 30 June 2018

PAO SOVCOMFLOT CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (UNAUDITED) 30 June 2018 PAO SOVCOMFLOT CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (UNAUDITED) 30 June 2018 1 Contents Consolidated Income Statement 2 Consolidated Statement of Comprehensive Income 3 Consolidated Statement

More information

MORNEAU SHEPELL INC.

MORNEAU SHEPELL INC. Unaudited Condensed Consolidated Interim Financial Statements (In Canadian dollars) MORNEAU SHEPELL INC. Three and six months ended June 30, 2017 and 2016 (Unaudited) 0 Unaudited Condensed Consolidated

More information

Unaudited Condensed Consolidated Financial Statements. For the three months ended March 31, 2017 and 2016

Unaudited Condensed Consolidated Financial Statements. For the three months ended March 31, 2017 and 2016 DIRTT Environmental Solutions Ltd. Unaudited Condensed Consolidated Financial Statements For the three months ended March 31, 2017 and 2016 DIRTT ENVIRONMENTAL SOLUTIONS LTD. 1 INDEX Condensed Consolidated

More information

JOINT STOCK COMPANY DOROGOBUZH. Consolidated Condensed Interim Financial Information. For the nine months ended 30 September 2013

JOINT STOCK COMPANY DOROGOBUZH. Consolidated Condensed Interim Financial Information. For the nine months ended 30 September 2013 JOINT STOCK COMPANY DOROGOBUZH Consolidated Condensed Interim Financial Information For the nine months ended JOINT STOCK COMPANY DOROGOBUZH Contents Unaudited Consolidated Condensed Interim Statement

More information

KNOT Offshore Partners LP (Translation of registrant s name into English)

KNOT Offshore Partners LP (Translation of registrant s name into English) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month

More information

PARKIT ENTERPRISE INC.

PARKIT ENTERPRISE INC. CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE THREE MONTH PERIOD ENDED JANUARY 31, 2019 EXPRESSED IN CANADIAN DOLLARS (UNAUDITED) Notice of Non-review of Interim Financial Statements Under

More information

KNOT OFFSHORE PARTNERS LP EARNINGS RELEASE INTERIM RESULTS FOR THE PERIOD ENDED MARCH 31, 2017

KNOT OFFSHORE PARTNERS LP EARNINGS RELEASE INTERIM RESULTS FOR THE PERIOD ENDED MARCH 31, 2017 Highlights KNOT OFFSHORE PARTNERS LP EARNINGS RELEASE INTERIM RESULTS FOR THE PERIOD ENDED MARCH 31, 2017 For the three months ended March 31, 2017, KNOT Offshore Partners LP ( KNOT Offshore Partners or

More information

ABB Ltd Interim Consolidated Income Statements (unaudited) Six months ended

ABB Ltd Interim Consolidated Income Statements (unaudited) Six months ended ABB Ltd Interim Consolidated Income Statements (unaudited) ($ in millions, except per share data in $) Jun. 30, 2012 Jun. 30, 2011 Jun. 30, 2012 Jun. 30, 2011 Sales of products 15'501 15'207 8'078 8'154

More information

KCE Electronics Public Company Limited and its subsidiaries

KCE Electronics Public Company Limited and its subsidiaries Statements of financial position Consolidated financial Separate financial 31 December 31 December 31 December 31 December Assets Note 2014 2013 2014 2013 Current assets Cash and cash equivalents 7 463,016,990

More information

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C FORM 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C FORM 10-Q 10-Q 1 cts-20150927x10q.htm 10-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE

More information

KNOT Offshore Partners LP (Translation of registrant s name into English)

KNOT Offshore Partners LP (Translation of registrant s name into English) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month

More information

Management s Discussion and Analysis

Management s Discussion and Analysis First Quarterly Report for the Three Months Ended March 31, 2017 Management s Discussion and Analysis of Financial Conditions and Results of Operations For the three months ended March 31, 2017 All figures

More information

Vertex Resource Group Ltd.

Vertex Resource Group Ltd. Condensed Consolidated Interim Financial Statements of For the three-month period ended (Unaudited) Table of contents Condensed consolidated interim statements of financial position... 1 Condensed consolidated

More information

Vertex Resource Group Ltd.

Vertex Resource Group Ltd. Condensed Consolidated Interim Financial Statements of Vertex Resource Group Ltd. For the three and six month periods ended (Unaudited) Table of contents Condensed consolidated interim statements of financial

More information

KNOT OFFSHORE PARTNERS LP (Translation of registrant s name into English)

KNOT OFFSHORE PARTNERS LP (Translation of registrant s name into English) Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934

More information

Statements of Financial Position 2. Statements of Comprehensive Loss 3. Statements of Cash Flows 4. Statements of Changes in Equity 5

Statements of Financial Position 2. Statements of Comprehensive Loss 3. Statements of Cash Flows 4. Statements of Changes in Equity 5 Condensed Consolidated Financial Statements ended, 2018 and 2017 (Unaudited) Contents Condensed Consolidated Financial Statements Statements of Financial Position 2 Statements of Comprehensive Loss 3 Statements

More information

First Quarter 2014 Interim Unaudited Condensed Consolidated Financial Statements and Notes

First Quarter 2014 Interim Unaudited Condensed Consolidated Financial Statements and Notes First Quarter 2014 Interim Unaudited May 15, 2014 CONSOLIDATED STATEMENT OF FINANCIAL POSITION Unaudited March 31, (Canadian dollars in millions) 2014 ASSETS Current December 31, 2013 Cash and cash equivalents

More information

KNOT Offshore Partners LP (Translation of registrant s name into English)

KNOT Offshore Partners LP (Translation of registrant s name into English) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month

More information

LOREX TECHNOLOGY INC.

LOREX TECHNOLOGY INC. LOREX TECHNOLOGY INC. Interim Consolidated Financial Statements For the three and six month periods ended March 31, 2012 (Expressed in thousands of U.S. dollars) Notice to Reader The accompanying unaudited

More information

ABB Ltd Interim Consolidated Income Statements (unaudited)

ABB Ltd Interim Consolidated Income Statements (unaudited) ABB Ltd Interim Consolidated Income Statements (unaudited) ($ in millions, except per share data in $) Dec. 31, 2014 Dec. 31, 2013 Dec. 31, 2014 Dec. 31, 2013 Sales of products 33,279 35,282 8,545 9,549

More information

Interim Condensed Consolidated Financial Statements for the three months ended June 30, 2018, and 2017

Interim Condensed Consolidated Financial Statements for the three months ended June 30, 2018, and 2017 Interim Condensed Consolidated Financial Statements for the three months ended 2018, and 2017 () Interim Condensed Consolidated Statements of Income Three months ended In thousands of Canadian dollars,

More information

Interim consolidated statement of financial position as of 30 September 2018 (Amounts expressed in Turkish Lira ( TL ) unless otherwise indicated.

Interim consolidated statement of financial position as of 30 September 2018 (Amounts expressed in Turkish Lira ( TL ) unless otherwise indicated. Interim consolidated statement of financial position as of 30 September ASSETS Unaudited Audited Notes 30 September 31 December Current assets: Cash and cash equivalents 4 531.105.722 227.960.860 Financial

More information

CONSOLIDATED STATEMENT OF CASH FLOWS (CONTINUED) FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2016

CONSOLIDATED STATEMENT OF CASH FLOWS (CONTINUED) FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2016 CONSOLIDATED STATEMENT OF CASH FLOWS (CONTINUED) NOTES TO THE FINANCIAL STATEMENTS Note These notes form an integral part of and should be read in conjunction with the accompanying financial statements.

More information

Unaudited condensed consolidated interim financial statements of. Three and six months ended March 31, 2018 and April 1, 2017

Unaudited condensed consolidated interim financial statements of. Three and six months ended March 31, 2018 and April 1, 2017 Unaudited condensed consolidated interim financial statements of ROGERS SUGAR INC. Three and six months ended and (Unaudited and not reviewed by the Company s independent auditors) ROGERS SUGAR INC. (Unaudited)

More information

ZIM INTEGRATED SHIPPING SERVICES LIMITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS JUNE 30, 2018

ZIM INTEGRATED SHIPPING SERVICES LIMITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS JUNE 30, 2018 ZIM INTEGRATED SHIPPING SERVICES LIMITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS JUNE 30, 2018 INDEX TO CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS Page INDEPENDENT AUDITORS REPORT

More information

Unaudited Condensed Consolidated Interim Financial Statements

Unaudited Condensed Consolidated Interim Financial Statements Tornado Global Hydrovacs Ltd. Unaudited Condensed Consolidated Interim Financial Statements For the three and nine month periods ended September 30, 2018 Notice to Reader These interim condensed consolidated

More information

Condensed interim consolidated financial statements. LXRandCo, Inc. Three-month and nine-month periods ended September 30, 2017 and 2016

Condensed interim consolidated financial statements. LXRandCo, Inc. Three-month and nine-month periods ended September 30, 2017 and 2016 Condensed interim consolidated financial statements LXRandCo, Inc. Three-month and nine-month periods ended September 30, 2017 and 2016 Consolidated statements of financial position (in Canadian dollars,

More information

FINAL HALF YEAR RESULTS 2015

FINAL HALF YEAR RESULTS 2015 20 AUGUST 8 a.m. CET FINAL HALF YEAR RESULTS HIGHLIGHTS Interim dividend of USD 0.62 (to be paid in September) Adding the USD 0.25 already paid in May, brings the total dividend paid in under the new dividend

More information

BOYD GROUP INCOME FUND

BOYD GROUP INCOME FUND Interim Condensed Consolidated Financial Statements Three Months Ended March 31, 2018 Notice: These interim condensed consolidated financial statements have not been audited or reviewed by the Fund s independent

More information

Enercare Inc. Condensed Interim Consolidated Financial Statements. For the three and six months ended June 30, 2018 and June 30, 2017

Enercare Inc. Condensed Interim Consolidated Financial Statements. For the three and six months ended June 30, 2018 and June 30, 2017 Enercare Inc. Condensed Interim Consolidated Financial Statements For the three and six months ended June 30, 2018 and June 30, 2017 Dated August 13, 2018 Enercare Inc. Condensed Interim Consolidated Statements

More information

Callitas Health Inc. Unaudited Interim Consolidated Financial Statements

Callitas Health Inc. Unaudited Interim Consolidated Financial Statements ` Callitas Health Inc. Unaudited Interim Consolidated Financial Statements and 2017 (Expressed in Canadian dollars) NOTICE TO READER The accompanying unaudited Interim Consolidated Financial Statements

More information

Interim Condensed Consolidated Financial Statements for the three and six months ended September 30, 2018, and 2017

Interim Condensed Consolidated Financial Statements for the three and six months ended September 30, 2018, and 2017 Interim Condensed Consolidated Financial Statements for the three and six months ended 2018, and 2017 () Interim Condensed Consolidated Statements of Income Three months ended Six months ended 2018 2017

More information

HUDSON S BAY COMPANY 2017 Q1 INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

HUDSON S BAY COMPANY 2017 Q1 INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS HUDSON S BAY COMPANY 2017 Q1 INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS For the Thirteen Weeks Ended April 29, 2017 Table of Contents Consolidated statements of loss... Consolidated statements

More information

Mobi724 Global Solutions Inc. (Formerly Hybrid Paytech World Inc.)

Mobi724 Global Solutions Inc. (Formerly Hybrid Paytech World Inc.) Mobi724 Global Solutions Inc. (Formerly Hybrid Paytech World Inc.) Condensed Interim Consolidated Financial Statements (Unaudited) For the three-month and nine-month periods ended and 2014 Condensed Interim

More information

ATS AUTOMATION TOOLING SYSTEMS INC. Interim Condensed Consolidated Financial Statements. For the period ended December 31, 2017.

ATS AUTOMATION TOOLING SYSTEMS INC. Interim Condensed Consolidated Financial Statements. For the period ended December 31, 2017. Interim Condensed Consolidated Financial Statements For the period ended December 31, 2017 (Unaudited) Interim Consolidated Statements of Financial Position (in thousands of Canadian dollars - unaudited)

More information

POU CHEN CORPORATION AND SUBSIDIARIES

POU CHEN CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS March 31, 2013 December 31, 2012 March 31, 2012 January 1, 2012 ASSETS Amount % Amount % Amount % Amount % CURRENT ASSETS Cash and cash equivalents (Notes 4 and 6) $ 29,346,249

More information

FINANCIAL STATEMENTS FOR THE THREE MONTH PERIOD ENDED MARCH 31, 2013

FINANCIAL STATEMENTS FOR THE THREE MONTH PERIOD ENDED MARCH 31, 2013 FINANCIAL STATEMENTS FOR THE THREE MONTH PERIOD ENDED MARCH 31, 2013 (UNAUDITED) NOTICE OF NO AUDITOR REVIEW Pursuant to National Instrument 51-102, Part 4, subsection 4.3(3)(a), the accompanying unaudited

More information

HUDSON S BAY COMPANY 2017 Q2 INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

HUDSON S BAY COMPANY 2017 Q2 INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS HUDSON S BAY COMPANY 2017 Q2 INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS For the Thirteen and Twenty-six Weeks Ended July 29, 2017 Table of Contents Condensed consolidated statements of loss...

More information

ABB Ltd Interim Consolidated Income Statements (unaudited)

ABB Ltd Interim Consolidated Income Statements (unaudited) ABB Ltd Interim Consolidated Income Statements (unaudited) ($ in millions, except per share data in $) Sep. 30, 2014 Sep. 30, 2013 Sep. 30, 2014 Sep. 30, 2013 Sales of products 24,734 25,733 8,255 8,948

More information

KCE Electronics Public Company Limited and its subsidiaries

KCE Electronics Public Company Limited and its subsidiaries Statements of financial position Consolidated Separate financial financial 31 December 31 December Assets Note 2012 2011 2012 2011 Current assets Cash and cash equivalents 7 397,177,878 535,535,464 94,974,827

More information

TERAGO INC. Statements of Financial Position 2. Statements of Comprehensive Loss 3. Statements of Cash Flows 4. Statements of Changes in Equity 5

TERAGO INC. Statements of Financial Position 2. Statements of Comprehensive Loss 3. Statements of Cash Flows 4. Statements of Changes in Equity 5 Condensed Consolidated Financial Statements Three and nine months ended, 2018 and 2017 (Unaudited) Contents Condensed Consolidated Financial Statements Statements of Financial Position 2 Statements of

More information

Notice to Reader 2. Contents

Notice to Reader 2. Contents Condensed Consolidated Financial Statements For the interim three month period ended May 31, 2016 (in ) Contents Notice to Reader 2 Condensed Consolidated Financial Statements Statements of Financial Position

More information

Qatar Navigation Q.S.C.

Qatar Navigation Q.S.C. UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 30 SEPTEMBER 2015 INTERIM CONSOLIDATED INCOME STATEMENT For the nine months ended 2015 For the three months ended For the nine months ended

More information

EXFO Inc. Condensed Unaudited Interim Consolidated Balance Sheets

EXFO Inc. Condensed Unaudited Interim Consolidated Balance Sheets Assets EXFO Inc. Condensed Unaudited Interim Consolidated Balance Sheets (in thousands of US dollars) As at 2014 As at August 31, 2014 Current assets Cash $ 52,221 $ 54,121 Short-term investments 5,389

More information

ServiceNow, Inc. Condensed Consolidated Statements of Operations (in thousands, except share and per share data) (unaudited)

ServiceNow, Inc. Condensed Consolidated Statements of Operations (in thousands, except share and per share data) (unaudited) Condensed Consolidated Statements of Operations (in thousands, except share and per share data) Revenues: Subscription $ 166,751 $ 104,878 $ 567,217 $ 349,804 Professional services and other 31,253 20,352

More information

INTERIM RESULTS FOR THE HALF YEAR ENDED 30 JUNE 2018

INTERIM RESULTS FOR THE HALF YEAR ENDED 30 JUNE 2018 INTERIM RESULTS FOR THE HALF YEAR ENDED 30 JUNE TORM INTERIM RESULTS FOR THE HALF YEAR ENDED 30 JUNE 331 HIGHLIGHTS Despite healthy end-user consumption, the product tanker market remained under pressure

More information

HUDSON S BAY COMPANY 2018 Q2 INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

HUDSON S BAY COMPANY 2018 Q2 INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS HUDSON S BAY COMPANY 2018 Q2 INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS For the Thirteen and Twenty-six Weeks Ended August 4, 2018 Table of Contents Condensed consolidated statements of loss...

More information

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM 10-Q (Mark One) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period

More information

MEDX HEALTH CORP. 30, (UNAUDITED)

MEDX HEALTH CORP. 30, (UNAUDITED) Interim Condensed Consolidated Financial Statements (UNAUDITED) () MANAGEMENT'S RESPONSIBILITY FOR FINANCIAL REPORTING The accompanying interim condensed consolidated financial statements for MedX Health

More information

PEOPLE S UNITED FINANCIAL, INC. (Exact name of registrant as specified in its charter)

PEOPLE S UNITED FINANCIAL, INC. (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended

More information

For the six month period ended June 30, 2017 and 2016

For the six month period ended June 30, 2017 and 2016 Financial Statements of (Expressed in Canadian Dollars) NOTICE OF NO AUDIT OR REVIEW OF INTERIM FINANCIAL STATEMENTS Under National Instrument 51-102, Part 4, subsection 4.3(3)(a), if an auditor has not

More information

INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS * * * Nine and three-month periods ended 2013 The accompanying notes are part of these interim consolidated financial statements. PricewaterhouseCoopers

More information

Condensed Interim Consolidated Financial Statements

Condensed Interim Consolidated Financial Statements Condensed Interim Consolidated Financial Statements Condensed Interim Consolidated Financial Statements (Unaudited) Notice of non-auditor review of condensed interim consolidated financial statements for

More information

Callidus Capital Corporation. Condensed Consolidated Interim Financial Statements (Unaudited)

Callidus Capital Corporation. Condensed Consolidated Interim Financial Statements (Unaudited) Callidus Capital Corporation Condensed Consolidated Interim Financial Statements (Unaudited) For the Condensed Consolidated Interim Statements of Financial Position (Unaudited) June 30, 2017 December 31,

More information

Leon's Furniture Limited INTERIM CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (UNAUDITED)

Leon's Furniture Limited INTERIM CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (UNAUDITED) Interim Condensed Consolidated Financial Statements INTERIM CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (UNAUDITED) As at September 30 As at December 31 ($ in thousands) 2017 2016 ASSETS Current

More information

Consolidated Financial Statements. Element Financial Corporation December 31, 2013

Consolidated Financial Statements. Element Financial Corporation December 31, 2013 Consolidated Financial Statements Element Financial Corporation INDEPENDENT AUDITORS' REPORT To the Shareholders of Element Financial Corporation We have audited the accompanying consolidated financial

More information

FORM 10-Q. THE WENDY S COMPANY (Exact name of registrants as specified in its charter)

FORM 10-Q. THE WENDY S COMPANY (Exact name of registrants as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (X) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended

More information

Starrex International Ltd. Condensed Interim Consolidated Financial Statements Three Months Ended March 31, 2018 and 2017 (Unaudited)

Starrex International Ltd. Condensed Interim Consolidated Financial Statements Three Months Ended March 31, 2018 and 2017 (Unaudited) Condensed Interim Consolidated Financial Statements Three Months Ended March 31, 2018 and 2017 (Unaudited) Management s Responsibility for Condensed Interim Consolidated Financial Statements The accompanying

More information

ServiceNow, Inc. Condensed Consolidated Statements of Operations (in thousands, except share and per share data) (unaudited)

ServiceNow, Inc. Condensed Consolidated Statements of Operations (in thousands, except share and per share data) (unaudited) Condensed Consolidated Statements of Operations (in thousands, except share and per share data) December 31, 2017 December 31, 2016 December 31, 2017 December 31, 2016 Revenues: Subscription $ 497,232

More information

SEACOR Marine Holdings Inc. (Exact Name of Registrant as Specified in Its Charter)

SEACOR Marine Holdings Inc. (Exact Name of Registrant as Specified in Its Charter) (Mark One) UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ý QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period

More information

Condensed Consolidated Interim Financial Statements as of September 30, 2018

Condensed Consolidated Interim Financial Statements as of September 30, 2018 Bayer Interim Report as of September 30, 208 Condensed Consolidated Interim Financial Statements 29 Bayer Group Consolidated Income Statements Condensed Consolidated Interim Financial Statements as of

More information

2015 Q3 INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS. For the Thirteen and Thirty-nine Weeks Ended

2015 Q3 INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS. For the Thirteen and Thirty-nine Weeks Ended 2015 Q3 INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS For the Thirteen and Thirty-nine Weeks Ended October 31, 2015 Table of Contents Condensed Consolidated Statements of Earnings (Loss)... 3 Condensed

More information

BioLineRx Ltd. CONDENSED CONSOLIDATED INTERIM STATEMENTS OF FINANCIAL POSITION (UNAUDITED)

BioLineRx Ltd. CONDENSED CONSOLIDATED INTERIM STATEMENTS OF FINANCIAL POSITION (UNAUDITED) CONDENSED CONSOLIDATED INTERIM STATEMENTS OF FINANCIAL POSITION December 31, Assets CURRENT ASSETS Cash and cash equivalents 5,544 4,584 Short-term bank deposits 42,119 40,423 Prepaid expenses 229 466

More information

Pure Natures Wellness Inc. d/b/a Aphria

Pure Natures Wellness Inc. d/b/a Aphria CONDENSED INTERIM FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED NOVEMBER 30, 2014 AND SEVEN MONTHS ENDED NOVEMBER 30, 2013 (Unaudited, Expressed in Canadian Dollars, unless otherwise noted) Notice of No

More information

MARTINREA INTERNATIONAL INC. INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

MARTINREA INTERNATIONAL INC. INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS MARTINREA INTERNATIONAL INC. INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREEE AND NINE MONTHS ENDED SEPTEMBER 30, 2018 Table of Contents Page Interim Condensed Consolidated Balance Sheets

More information

Consolidated Statement of Profit or Loss (in million Euro)

Consolidated Statement of Profit or Loss (in million Euro) Consolidated Statement of Profit or Loss (in million Euro) Unaudited, consolidated figures following IFRS accounting policies. Q2 2017 Q2 2018 H1 2017 H1 2018 Revenue 622 559 1,210 1,108 Cost of sales

More information

FORM 10-Q. THE WENDY S COMPANY (Exact name of registrants as specified in its charter)

FORM 10-Q. THE WENDY S COMPANY (Exact name of registrants as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (X) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended

More information