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[ "57", "KATHMANDU", "A", "NNUAL REPORT ", "2013", "18", "CONTRIBUTED EQUITY - ORDINARY SHARES", "GROUP", "PARENT", "2013", "2012", "2013", "2012", "NZ$’000", "NZ$’000", "NZ$’000", "NZ$’000", "Ordinary shares fully paid ($)", "197,370", "197,298", "422,458", "422,386", "Balance at beginning of year", "197,298", "197,049", "422,386", "422,137", "Issue of shares under Executive and Senior Management Long Term Incentive Plan", "72", "249", "72", "249", "Balance at end of year", "197,370", "197,298", "422,458", "422,386", "NUMBER OF AUTHORISED SHARES", "GROUP", "PARENT", "2013", "2012", "2013", "2012", "’000", "’000", "’000", "’000", "Ordinary shares on hand at beginning of the year", "200,166", "200,000", "200,166", "200,000", "Shares issued under Executive and Senior Management Long Term Incentive Plan", "50", "166", "50", "166", "Ordinary shares on hand at end of the year", "200,216", "200,166", "200,216", "200,166", "As at 31 July 2013 there were 200,215,894 ordinary issued shares in Kathmandu Holdings Limited and these are classified as equity. ", "49,954 shares were issued under the “Executive and Senior Management Long Term Incentive Plan 24 November 2010” during the ", "year ending 31 July 2013 (2012:165,940).", "Ordinary shares", "All ordinary shares carry equal rights in respect of voting and the receipt of dividends. Ordinary shares do not have a par value.", "of options issued during the financial year is $0 (2012: $0). The ", "options issued during 2010 were valued under a Monte Carlo ", "simulation approach factoring in the total shareholder return ", "condition using the following assumptions:", "On 16 October 2009 the Board approved an Executive Share ", "Option Plan to issue options to selected senior executives and ", "to Executive Directors. Options will vest annually in part or in full ", "with the holder, in three tranches commencing 1 October 2010. ", "All options not vested expire on 1 October 2013, and all options ", "vested must be exercised within five years from date of grant. ", "Entitlement to exercise is conditional on the Company achieving ", "in relation to each tranche a compound total shareholder return ", "of 15% per annum over the period of trading that is measured ", "in relation to that tranche. Each option entitles the holder to ", "one ordinary share in the capital of the Company. The exercise ", "price is determined by the Board but is generally $2.1333 for ", "New Zealand based employees and A$1.70 for Australian based ", "employees.", "A 50% Net Profit after Tax dividend pay-out ratio was factored ", "into the valuation of the options based on management budgets. ", "The expected volatility was estimated based on the historical ", "volatility of comparable listed retail businesses.", "The estimated fair value for each tranche of options issued is ", "amortised over the vesting period from the grant date. The ", "Company has recognised a compensatory expense in the income ", "statement of $6,515 (2012: $21,911) which represents this ", "amortisation.", "During the financial year the Company issued nil options (2012: ", "nil) to Executive Directors and senior executives. The fair value ", "19", "EMPLOYEE SHARE BASED REMUNERATION", "Executive Share Option Plan 16 October 2009:", "Current price at issue date", "$ 2.14", "Risk free interest rate", "5.40%", "Expected life (years)", "5", "Expected share volatility", "30%" ]
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[ "MANAGEMENTGLYPH<213>S DISCUSSION & ANALYSIS OF FINANCIAL CONDITION & RESULTS OF OPERATIONS", "KEYCORP AND SUBSIDIARIES", "FIGURE 35. SELECTED QUARTERLY FINANCIAL DATA", "44", "PREVIOUS PAGE", "SEARCH", "BACK TO CONTENTS", "NEXT PAGE", "Note 3 (GLYPH<210>Acquisitions and DivestitureGLYPH<211>) on page 57 contains speciGLYPH<222>c information about the business combinations and divestiture that Key completed in the past three years to help you", "understand how those transactions may have impacted KeyGLYPH<213>s GLYPH<222>nancial condition and results of operations.", "2003 Quarters", "2002 Quarters", "dollars in millions, except per share amounts", "Fourth", "Third", "Second", "First", "Fourth", "Third", "Second", "First", "FOR THE QUARTER", "Interest income", "$", "956", "$", "971", "$1,022", "$1,021", "$1,077", "$1,095", "$1,102", "$1,092", "Interest expense", "285", "294", "326", "340", "365", "395", "419", "438", "Net interest income", "671", "677", "696", "681", "712", "700", "683", "654", "Provision for loan losses", "123", "123", "125", "130", "147", "135", "135", "136", "Noninterest income", "466", "463", "434", "397", "446", "432", "448", "443", "Noninterest expense", "698", "699", "688", "657", "668", "659", "665", "661", "Income before taxes", "316", "318", "317", "291", "343", "338", "331", "300", "Net income", "234", "227", "225", "217", "245", "245", "246", "240", "PER COMMON SHARE", "Net income", "$", ".56", "$", ".54", "$", ".53", "$", ".51", "$.58", "$.57", "$.58", "$.56", "Net income GLYPH<209> assuming dilution", ".55", ".53", ".53", ".51", ".57", ".57", ".57", ".56", "Cash dividends paid", ".305", ".305", ".305", ".305", ".30", ".30", ".30", ".30", "Book value at period end", "16.73", "16.64", "16.60", "16.32", "16.12", "15.66", "15.46", "15.05", "Market price:", "High", "29.41", "27.88", "27.42", "27.11", "26.75", "27.35", "29.40", "27.26", "Low", "25.55", "24.86", "22.56", "22.31", "21.25", "20.96", "25.95", "22.92", "Close", "29.32", "25.57", "25.27", "22.56", "25.14", "24.97", "27.30", "26.65", "Weighted-average common shares (000)", "420,043", "421,971", "423,882", "425,275", "424,578", "426,274", "426,092", "424,855", "Weighted-average common shares and ", "potential common shares (000)", "423,752", "425,669", "427,170", "428,090", "429,531", "431,326", "431,935", "430,019", "AT PERIOD END", "Loans", "$62,711", "$62,723", "$63,214", "$62,719", "$62,457", "$62,951", "$63,881", "$63,956", "Earning assets", "73,143", "73,258", "73,716", "75,113", "73,635", "72,546", "72,820", "72,382", "Total assets", "84,487", "84,460", "85,479", "86,490", "85,202", "83,516", "82,778", "81,359", "Deposits", "50,858", "48,739", "49,869", "50,455", "49,346", "44,610", "44,805", "43,233", "Long-term debt", "15,294", "15,342", "14,434", "16,269", "15,605", "16,276", "16,895", "15,256", "ShareholdersGLYPH<213> equity", "6,969", "6,977", "6,989", "6,898", "6,835", "6,652", "6,592", "6,402", "PERFORMANCE RATIOS", "Return on average total assets", "1.11%", "1.06%", "1.07%", "1.05%", "1.17%", "1.19%", "1.21%", "1.20%", "Return on average equity", "13.37", "13.06", "12.98", "12.91", "14.46", "14.74", "15.16", "15.53", "Net interest margin (taxable equivalent)", "3.78", "3.73", "3.85", "3.86", "3.98", "3.99", "3.98", "3.93", "CAPITAL RATIOS AT PERIOD END", "Equity to assets", "8.25%", "8.26%", "8.18%", "7.98%", "8.02%", "7.97%", "7.96%", "7.87%", "Tangible equity to tangible assets", "6.94", "6.94", "6.90", "6.71", "6.73", "6.71", "6.69", "6.57", "Tier 1 risk-based capital", "8.35", "8.23", "7.94", "7.86", "7.74", "8.34", "8.23", "7.92", "Total risk-based capital", "12.57", "12.48", "12.15", "12.18", "12.11", "12.69", "12.29", "12.02", "Leverage", "8.55", "8.37", "8.13", "8.13", "8.16", "8.15", "8.14", "8.13", "OTHER DATA", "Average full-time equivalent employees", "19,618", "20,059", "19,999", "20,447", "20,485", "20,802", "20,903", "21,079", "KeyCenters", "906", "900", "903", "911", "910", "903", "905", "911" ]
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[ "$_{Earnings/(Loss) Per Shar}$e", "Foreign Currency Translation", "Recent Accounting Pronouncements", "Basic earnings/(loss) per share is calculated by dividing net earnings/(loss) available to common stockholders ", "by the weighted-average common stock outstanding. Diluted earnings/(loss) per share is calculated similarly, except ", "that it includes the dilutive effect of the assumed exercise of securities, including outstanding warrants and the effect ", "of shares issuable under our Company’s stock-based incentive plans if such effect is dilutive. ", "The two-class method is an earnings allocation method for computing earnings/(loss) per share when a ", "company’s capital structure includes either two or more classes of common stock or common stock and participating ", "securities. This method determines earnings/(loss) per share based on dividends declared on common stock and ", "participating securities (i.e., distributed earnings), as well as participation rights of participating securities in any ", "undistributed earnings. ", "The assets and liabilities of foreign companies are translated at year-end exchange rates. Results of operations ", "are translated at average rates of exchange in effect during the year. The resulting translation adjustment is included ", "as a separate component in the Stockholders’ Equity section of our Consolidated Balance Sheets, in the caption ", "“Accumulated other comprehensive loss, net of income taxes.”", "In August 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update ", "(\"ASU\") 2014-15, “Disclosure of Uncertainties About an Entity’s Ability to Continue as a Going Concern,” which ", "provides guidance on determining when and how reporting entities must disclose going-concern uncertainties in ", "their financial statements. The new standard requires management to perform interim and annual assessments of an ", "entity's ability to continue as a going concern within one year of the date of issuance of the entity's financial ", "statements. Further, an entity must provide certain disclosures if there is \"substantial doubt about the entity's ability ", "to continue as a going concern.” The new guidance becomes effective for the Company for fiscal years ending on or ", "after December 26, 2016 and interim periods thereafter. Early adoption is permitted. We do not expect that the ", "adoption of the new accounting guidance will have a material impact on our financial condition and results of ", "operations. ", "In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers,” which prescribes a ", "single comprehensive model for entities to use in the accounting of revenue arising from contracts with customers. ", "The new guidance will supersede virtually all existing revenue guidance under GAAP and International Financial ", "Reporting Standards. There are two transition options available to entities: the full retrospective approach or the ", "modified retrospective approach. Under the full retrospective approach, the Company would restate prior periods in ", "compliance with Accounting Standards Codification (“ASC”) 250, “Accounting Changes and Error Corrections”. ", "Alternatively, the Company may elect the modified retrospective approach, which allows for the new revenue ", "standard to be applied to existing contracts as of the effective date and record a cumulative catch-up adjustment to ", "retained earnings. The new guidance becomes effective for the Company for fiscal years beginning December 26, ", "2016. Early application is prohibited. We are currently in the process of evaluating the impact of the new revenue ", "guidance; however, we do not expect that the adoption of the new accounting guidance will have a material impact ", "on our financial condition and results of operations.", "In April 2014, the FASB issued ASU 2014-08, “Amendment of Discontinued Operations,” which amends the ", "definition of a discontinued operation in ASC 205-20, “Presentation of Financial Statements-Discontinued ", "Operations,” and requires entities to provide expanded disclosures on all disposal transactions. The new guidance is ", "effective for the Company for fiscal years beginning on or after December 29, 2014. ", "In July 2013, the FASB issued ASU 2013-11, which prescribes that a liability related to an unrecognized tax ", "benefit would be offset against a deferred tax asset for a net operating loss carryforward, a similar tax loss or a tax ", "credit carryforward if such settlement is required or expected in the event the uncertain tax position is disallowed. In ", "situations in which a net operating loss carryforward, a similar tax loss or a tax credit carryforward is not available at ", "the reporting date under the tax law of a jurisdiction or the tax law of a jurisdiction does not require it, and the ", "Company does not intend to use the deferred tax asset for such purpose, the unrecognized tax benefit should be ", "presented in the financial statements as a liability and should not be combined with deferred tax assets. At the ", "beginning of our 2014 fiscal year, we adopted ASU 2013-11 and it did not have a material impact on our financial ", "statements. ", "P.", "70 – THE NEW YORK TIMES COMPANY" ]
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