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commercial finance company

Voorbeeldzinnen

1. It is therefore highly unlikely given its parlous financial state that the company would be able to secure any source of commercial finance.
2. The shareholder equity of Cyprus Airways had therefore declined from CYP 55,6 million (EUR 95 million) in 2003 to CYP 14,4 million (EUR 25 million) in 2004. It is therefore highly unlikely given its parlous financial state that the company would be able to secure any source of commercial finance.
3. In the document ‘Hellenic Shipyards S.A. — Confidential Information Memorandum — Alpha Finance/Commercial Bank of Greece/KPMG/Elias SP. Paraskevas’ dated March 2001 and which was provided to interested bidders (a copy of this document was provided by TKMS/GNSH in its letter of 21 June 2007), the following description appears: ‘In 1999 though, the financial results of the Company became negative again.
4. The Commission noted that losses of the Group (mainly caused by Cyprus Airways) went from CYP 20,9 million in 2003 to CYP 39,4 million by the end of 2004. The shareholder equity of Cyprus Airways had therefore declined from CYP 55,6 million (EUR 95 million) in 2003 to CYP 14,4 million (EUR 25 million) in 2004. It is therefore highly unlikely given its parlous financial state that the company would be able to secure any source of commercial finance.