Not surprisingly, the bottom line's still negative,
with loan impairments of almost EUR 1.7 billion swamping operating profit.
Not exact matches
In late April, a subsidiary company, Grocon Constructors, lodged its 2017 financial year accounts
with a $ 77.1 million loss after booking a $ 76.6 million
impairment for a related party
loan.
Last year was a difficult one,
with net interest margins declining and higher
loan impairment charges, says Fitch.
See the Department's Policy Statement on Accessibility of Documents issued under the William D. Ford Direct
Loan Program to Individuals
with Visual
Impairments.
This is because book values of assets (and hence equity) are usually lower than their market value (e.g. due to historical cost convention and
impairment losses) whereas the book value of debt remains relatively close to its market value (e.g. interest on bank
loan is usually adjusted periodically in line
with prevailing market interest rates).
American General Life provides two different living benefits
with this policy: a Chronic Illness Benefit and a Terminal Illness Benefit.The Chronic Illness Benefit outlines that if you can not perform certain activities of daily living or if you are diagnosed
with a severe cognitive
impairment, American General Life Insurance Company will return all of your premiums paid up to 50 % of the policies ultimate face amount less any policy
loan balance and an administrative fee.