Not exact matches
Adjusting the 2009 - 10 outcome for program
expenses for these extraordinary one -
time liabilities
implies an underlying increase for 2010 - 11 of 4 per cent.
This
implies that the Budget should be tabled prior to that date, allowing for sufficient
time for the Treasury Board Secretariat (TBS) to reconcile the Budget
expense projections for the upcoming fiscal year to the Main Estimates.
Future obligations similar to debt, like operating leases, have an
implied interest included in their
expense due to the extended
time dimension of the obligation.
Taking all these factors into mind, the effective safe withdrawal rate that comes up is about 3.16 % which
implies that you would need to have almost 32
times your annual
expenses in your portfolio to never have the money run out which comes to about Rs. 2.54 Crores.
Net interest
expense was GBP 15.6 mio, which
implies a rather alarming 3.5
times interest coverage (and net debt's increasing!).
The active management debate
implies that after all the additional management
expense ratio costs, mutual fund trading costs, higher capital gains taxes, and extra
time are taken into account, investors are supposed to have some crystal ball to sort future winners from losers.
He has acted for successful applicants for leave to appeal under s. 69 of the Act in cases concerning points of law on
implied indemnities in a voyage charter; the assessment of damages for loss of a
time charter; liability for restowage
expenses and hire following a cargo shift; and in connection with speed and performance claims.