1) The company reported 12.8% growth in net revenue and 19.1% growth in EBITDA in 2015, with an EBITDA margin of 48.1%. It paid out R$365.9 million in dividends.
2) Operational highlights included energizing 45 reinforcement projects worth R$26.4 million and starting operations at IEGaranhuns. Regulatory processes made progress.
3) Financial results were impacted by lower interest receivable as the flow of compensation payments ended, but the company received R$3.2 billion in indemnity payments. Equity income increased by 77.5% due to results from subsidiaries like IEMadeira.
Rodel S. Navarro Business and Management Consultant and Director RODEL SY NAVARRO BUSINESS CONSULTANCY SERVICES (RSNBCS) Tel / Mobile: +63-0917-7333563 Email: rsnbcs@gmail.com http://www.slideshare.net/RSNBCS (About Business Laws compilation): http://www.slideshare.net/BUSINESSLAWSPH Email: businesslawsph@gmail.com
200215 Santos 2014 full year results presentationSantos Ltd
Santos today announced a 2014 underlying net profit of $533 million, up 6 per cent on the previous year.
Full-year highlights
•Production up 6% to 54.1 mmboe
•Sales revenue up 12% to $4 billion
•EBITDAX up 8% to $2,153 million
•Operating cash flow up 13% to $1,843 million
•PNG LNG start-up ahead of schedule with the project shipping 55 LNG cargoes in the year
•GLNG more than 90% complete and on track for first LNG in the second half of 2015, within budget
•Final dividend maintained at 15 cents per share, bringing the full-year dividend to 35 cents per share, up 5 cents
If you have any Query you can contact Us
Mail id:- ca.sanjiv.nanda@gmail.com
Youtube Channel :- https://www.youtube.com/channel/UCmmx2GFXeoF-DNtNjwnpYJA
Website :- http://www.sanjivnanda.com/
Facebook link :- https://www.facebook.com/ca.sanjivnanda919/
Twitter :- https://twitter.com/
The Balanced Scorecard for Green Engineering Products in Ark Design is emulated with Push Funding ...addendum is for further analysis of Clock-based Financial problem
Rodel S. Navarro Business and Management Consultant and Director RODEL SY NAVARRO BUSINESS CONSULTANCY SERVICES (RSNBCS) Tel / Mobile: +63-0917-7333563 Email: rsnbcs@gmail.com http://www.slideshare.net/RSNBCS (About Business Laws compilation): http://www.slideshare.net/BUSINESSLAWSPH Email: businesslawsph@gmail.com
200215 Santos 2014 full year results presentationSantos Ltd
Santos today announced a 2014 underlying net profit of $533 million, up 6 per cent on the previous year.
Full-year highlights
•Production up 6% to 54.1 mmboe
•Sales revenue up 12% to $4 billion
•EBITDAX up 8% to $2,153 million
•Operating cash flow up 13% to $1,843 million
•PNG LNG start-up ahead of schedule with the project shipping 55 LNG cargoes in the year
•GLNG more than 90% complete and on track for first LNG in the second half of 2015, within budget
•Final dividend maintained at 15 cents per share, bringing the full-year dividend to 35 cents per share, up 5 cents
If you have any Query you can contact Us
Mail id:- ca.sanjiv.nanda@gmail.com
Youtube Channel :- https://www.youtube.com/channel/UCmmx2GFXeoF-DNtNjwnpYJA
Website :- http://www.sanjivnanda.com/
Facebook link :- https://www.facebook.com/ca.sanjivnanda919/
Twitter :- https://twitter.com/
The Balanced Scorecard for Green Engineering Products in Ark Design is emulated with Push Funding ...addendum is for further analysis of Clock-based Financial problem
Design of an Analog CMOS based Interval Type-2 Fuzzy Logic Controller ChipWaqas Tariq
We propose the design of an analog Interval Type-2 (IT2) fuzzy logic controller chip that is based on the realization approach of averaging of two Type-1 Fuzzy Logic Systems (T1 FLSs). The fuzzifier is realized using transconductance mode membership function generator circuits. The membership functions are made tunable by setting some reference voltages on the IC pins. The inference is realized using current mode MIN circuits. The consequents are also tunable by providing five reference current sources on chip. Defuzzification of both the T1 FLSs is based on weighted average method realized through scalar and multiplier-divider circuits. An analog current-mode averager circuit is used for obtaining the defuzzified output of the IT2 fuzzy logic controller chip. The chip is designed for two inputs, one output and nine tunable fuzzy rules and is realized in 0.18 µm technology. Cadence Virtuoso Schematic/Layout Editor has been used for the chip design and the performances of all the circuits are confirmed through the simulations carried out using Cadence Spectre tool. The proposed architecture has an operation speed of 20 MFLIPS and a power consumption of 20mW. The whole chip occupies an area of 0.32 mm2.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
2. 2
Highlights 2015
Desafios 2016
Growth of 12,8% in Net Revenue and 19,1% in Ebitda, with margin of 48,1%
Payment of R$ 365,9 MM in dividends
Receipt of R$ 3,2 BI in NI indemnity, R$ 545,4 MM in 2015
Review of the provision methodology for labor claims
Financial
Regulatory
Conclusion of the Operation and Maintenance area restructuring
Energization of 45 reinforcement projects with aditional RAP of R$26,4MM
Startup the operations of IEGaranhuns
Operational
Regulatory
DIT’s: Public hearing realized, contributions in review by ANEEL
RBSE: ANEEL approval of the indemnity value in R$ 3,9 billions and wating
the publication of MME ordinance for the 1º quarter of 2016
3. 3
IFRS Gross Operating Revenue - Consolidated
Gross Revenue
2015
1,442.1
154.9
+16.8%
Net Revenue
2015
1,287.2
Deduction
Others 1.0
Infrastructure 13.6
Operation and
Maintenance
88.9
Assets 104.2
Gross Revenue
2014
1,234.3
(R$ MM)
Energization of 45 projects
with RAP growth of R$ 26,9
MM
RAP correction by inflation
Concession Assets:
monetary correction of the
period and new investments
Inclusion of CAIMI in the
RAP, including retroactive
effect
Growth of 16,8% in Gross Revenue
Company Subsidiaries
4. 4
Regulatory Gross Operating Revenue -
Consolidated
Growth of 13,6% in Gross Revenue
Startup the operations of new
investments
Rap correction by inflation
Inclusion of CAIMI in the RAP,
including retroactive effect
+13.6%
Net Revenue
2015
889.5
Deductions 124.0
Gross Revenue
2015
1,013.5
Others 1.0
RAP
(O&M and CAAE*)
120.3
Gross Revenue
2014
892.2
(R$ MM)
Company Subsidiaries
**CAAE - Eletric Assets Annual Cost Remuneration
5. 5
IFRS Breakdown of Costs and Expenses -
Consolidated
543.2
+5.4%
2015
Contigencies 54.6
488.6Sub-Total
Others(**)
Material
Services
0.6
2014(*)
8.3Personnel
16.0
463.7
(R$ MM)
(*) Includes R$ 21 MM of non-recurrent expenses in 2014
(**) Includes depreciation
Wage bargain of 8,2%, june - 15
Reorganization of activities and
optimization of the Operation and
Maintence structure
Reduction on recurring costs of
materials and services
Review of the provision
methodology for labor claims
Growth of recurrent costs in 5,4% vs inflation of 10,67% in the period
SubsidiariesCompany
6. 6
Regulatory Breakdown of Costs and Expenses -
Consolidated
+1.8%
2015 578.2
Contigencies 54.6
Sub-Total 523.6
Others(*) 6.5
Material
Services
-2.4
Personnel 5.2
2014 514.4
(R$ MM)
Company Subsidiaries
* Includes depreciation
Wage bargain of 8,2%,
june - 15
Reorganization of
activities and optimization
of the Operation and
Maintence structure
Review of the provision
methodology for labor
claims
Growth of former contigencies costs below inflation
7. 7
IFRS Financial Result - Consolidated
2015 -4.5
Others
Interest and
expenses
-0.5
Monetary (net) -7.8
Interest
Receivable
-17.8
9.7
2014 11.9
Ending of RBNI receipt flow
(R$ MM)
Reduction of financial
applications (cash)
NI indemnity receipt
Financial income for the
recognition of monetary
variation of judicial
deposits
PIS and COFINS taxes
on financial income
8. 8
IFRS Equity Income
Increase of R$ 56,5MM through the IEMadeira subsidiary
18,6
28,4
67,1
123,6
9,3
5,1
+77.5%
2015
161.3
2014
90.9
IEENE/IESULIEGaranhusIEMadeira
(R$ MM)
Adjustment to the
2015/2016 RAP cycle
Periodic Tariff
Revision (RTP) of
IEMadeira recognized
in 2014
Financial Asset
IEGaranhuns
10. 10
IFRS basic earnings per share reached R$ 3,12807 in 2015
IFRS and Regulatory Net Income
284,6
249,7
517,2
379,7
2014 2015
+14.0%
+36.2%
20152014
(R$ MM)
▲ Recipiency of CAIMI to the RAP
▲ Equity income results of IEMadeira subsidiary
▲ Ex-contingencies costs below inflaction
▼ Financial Income: Aplications/RBNI balance reduction
IFRS Regulatory
11. 11
Consolidated Ebitda as ICVM 527/12
2014 2015 2014 2015
Net Income 379.7 517.2 249.7 284.6
Income tax and social contribuition 80.5 92.4 44.5 56.1
Financial Results (11.9) 4.5 (11.9) 4.5
Depreciation and Amortization 41.2 40.9 77.4 83.0
EBITDA ICVM nº 527/12 2,462.3 2,629.1 359.6 428.2
EBITDA Margin 44.4% 50.9% 45.6% 48.1%
EBITDA
(R$ million)
IFRS Regulatory
12. 12
77% of long term debt
Net Debt
▲ NI indemnity earnings of 545,4 MM
▲ BNDES disbursement clearence of R$ 103,9 MM
▼ BNDES debt service payment of R$ 108,9 MM
▼ 1st emission Debentures : payment of R$ 29,3MM (interests and principal)
▼ 3rd emission Debentures: payment of R$ 141,5MM (interests and principal)
(*) Company’s resources are concentrated on exclusives investments funds, that’s also being used for investments of Company’s subsidiaries and afiliates, it
reflects shares of high liquidity investments funds conversable in current Cash independently of the asset ‘s maturity.
Debt 1,191.9 1,096.7 -8.0%
Short-term Debt 215.9 251.9 16.7%
Long-term Debt 976.0 844.8 -13.4%
Cash 484.3 446.2 -7.9%
Net Debt 707.6 650.5 -8.1%
Debt
(R$ million)
2015 Δ%2014
13. 13
R$ 475,2 MM de investimentos em 2016
Investiments
(*) Considers projects authorized and not authorized by ANEEL.
(**) Investments total represents CTEEP’s participation on it’s affiliates.
Investment Plan
R$ (million)
Accomplished
2015
Forecast
2016
CTEEP 223.1 356.9
Complementary Projects and New
Connections
214.2 347.9
Improvements 8.9 9.0
CONTROLADAS 39.3 17.7
COLIGADAS** 114.1 100.6
TOTAL 376.5 475.2