Holding Companies and Their Published AccountsGee & Company (publishers) Limited, 1931 - 315 էջ |
From inside the book
Արդյունքներ 51–ի 1-ից 5-ը:
Էջ 11
... advances from the subsidiary . While it is true that undistributed profits of a subsidiary should not be declared as dividend by the holding company yet in such a case for practical purposes the latter gets the full benefit of ownership ...
... advances from the subsidiary . While it is true that undistributed profits of a subsidiary should not be declared as dividend by the holding company yet in such a case for practical purposes the latter gets the full benefit of ownership ...
Էջ 25
... advances on loan or current account . There are important differences between these two classes of holding company from the standpoint of taxation . These are dealt with in Chapter XIV . There is also an important question whether there ...
... advances on loan or current account . There are important differences between these two classes of holding company from the standpoint of taxation . These are dealt with in Chapter XIV . There is also an important question whether there ...
Էջ 32
... advances ( some of which are secured in the form of debenture stock ) have been made to Subsidiary A. and commitments have been entered into on behalf of that concern . Attention is also drawn to the Reserve , which includes a sum of ...
... advances ( some of which are secured in the form of debenture stock ) have been made to Subsidiary A. and commitments have been entered into on behalf of that concern . Attention is also drawn to the Reserve , which includes a sum of ...
Էջ 33
... advances , while its own trading shows a loss of £ 280,000 . Taken as a whole , there is a substantial profit shown , and the preliminary draft balance sheet appears to reveal a flourishing state of affairs . A glance at the balance ...
... advances , while its own trading shows a loss of £ 280,000 . Taken as a whole , there is a substantial profit shown , and the preliminary draft balance sheet appears to reveal a flourishing state of affairs . A glance at the balance ...
Էջ 39
... advance of the former practice which many companies followed of grouping investments in subsidiaries with general investments of an essentially different character , and loans or other debts due by subsidiaries were often included with ...
... advance of the former practice which many companies followed of grouping investments in subsidiaries with general investments of an essentially different character , and loans or other debts due by subsidiaries were often included with ...
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Common terms and phrases
31st December according acquired Advances amalgamation amount applicable assets assets and liabilities Auditors Bank Bills Bonds Capital carried Cash cent CHAPTER charge company's concerns consideration consolidated balance sheet Contingent Corporation cost CREDITORS Cumulative Current Debenture December 31 Deduct Depreciation directors Dividends earned ended examined example expenses Forward fully paid Fund given goodwill Guarantee hand held holding company Income Tax Increase Interest Investments Issued Less liabilities LIMITED Loans Loss Account March Mortgage Notes obtained operations opinion Ordinary Shares paid panies parent payable period PLANT position Preference Shares premium prepared Profit and Loss Property proportion provision published purchase received regard representing Reserve respect Securities separate share capital shareholders shown statement Stock Sub-subsidiary subsidiary companies subsidiary undertakings SUNDRY Surplus taken Telegraph Telephone tion trading transfer United whole written
Սիրված հատվածներ
Էջ 69 - Whether in their opinion, the balance sheet referred to in the report is properly drawn up so as to exhibit a true and correct view of the state of the company's affairs according to the best of their information and the explanations given to them and as shown by the books of the company.
Էջ 2 - ... in every such report shall state whether, in their opinion, the balance sheet referred to in the report is properly drawn up so as to exhibit a true and correct view of the state of the company's affairs as shown by the books of the company, and such report shall be read before the company in general meeting.
Էջ 129 - ... it has been charged to tax by deduction or otherwise, and has not been charged in respect of its profits in accordance with the rules applicable to Case I of Schedule D...
Էջ 101 - CONSOLIDATED RETURNS FOR YEAR 1917 SEC. 1331. (a) That Title II of the Revenue Act of 1917 shall be construed to impose the taxes therein mentioned upon the basis of consolidated returns of net income and invested capital in the case of domestic corporations and domestic partnerships that were affiliated during the calendar year 1917.
Էջ 132 - What is the line which separates the two classes of cases may be difficult to define, and each case must be considered according to its facts; the question to be determined being — Is the sum of gain that has been made a mere enhancement of value by realising a security, or is it a gain made in an operation of business in carrying out a scheme for profitmaking?
Էջ 133 - NICHOLSON, now thirty years ago, involved the principle that a company resides for purposes of income tax where its real business is carried on. Those decisions have been acted upon ever since. I regard that as the true rule, and the real business is carried on where the central management and control actually abides.
Էջ 2 - ... of a subsidiary company have been taken into account by the directors of the holding company in arriving at the profits and losses of the holding company as disclosed in its accounts...
Էջ 4 - If in the case of any accounts the requirements of this section are not complied with, it shall be the duty of the auditors of the company by whom the accounts are examined to include in their report thereon, so far as they are reasonably able to do so, a statement giving the required particulars.
Էջ 3 - ... the profits or losses of a subsidiary company mean the profits or losses shown in any accounts of the subsidiary company made up to a date within the period to which the accounts of the holding company relate, or, if there are no such accounts of the subsidiary company available at the time when the accounts of the holding company are made up, the profits or losses shown in the last previous accounts of the subsidiary company which became available within that period.
Էջ 3 - ... the total of the amount paid to the directors as remuneration for their services, inclusive of all fees, percentages, bonuses and commissions or other emoluments paid to or receivable by them by or from the company or by or from any subsidiary of the company, and inclusive of commission paid or payable for subscribing or agreeing to subscribe or procuring or agreeing to procure subscriptions for any shares in or debentures...