Traduction de «intérêts afférents au capital propre » (Français → Anglais) :

In order to ensure the transparent application of the volatility adjustment, the matching adjustment and the transitional measures on risk-free interest rates and on technical provisions provided for pursuant to this Directive, insurance and reinsurance undertakings should publicly disclose the impact of not applying these measures on their financial positions, including on the amount of technical provisions, the SCR, the Minimum Capital Requirement (MCR) pursuant to Directive 2009/138/EC, the basic own funds and the amounts of own fu ...[+++]nds eligible to cover the MCR and the SCR.

Member States should have the possibility of exempting small undertakings from the obligation to draw up a management report provided that such undertakings include, in the notes to the financial statements, the data concerning the acquisition of own shares referred to in Article 24(2) of Directive 2012/30/EU of the European Parliament and of the Council of 25 October 2012 on coordination of safeguards which, for the protection of the interests of members and others, are required by Member States of companies within the meaning of the ...[+++] second paragraph of Article 54 of the Treaty on the Functioning of the European Union, in respect of the formation of public limited liability companies and the maintenance and alteration of their capital, with a view to making such safeguards equivalent .

the cost of capital pre tax rate comprising the interest rate on debt and the return on equity; and

All this against the backdrop of a European private equity and venture capital industry which is now bigger, more sophisticated, and more mature than ever in the past, with a substantial core of weathered professional managers, more experienced investors and diversified support services (specialised lawyers, accountants, consultants etc) with a stake in its successful development.

At the time of the opening of the procedure in December 1995, the Commission had identified several measures of which Gildemeister has been the addressee (i.e. a DM 47 million credit waiver by the Westdeutsche Landesbank, a guarantee granted by the Land Nordrhein-Westfalen in 1993 of DM 20 million, the financing by the Bavarian authorities of 1% of the interest rate of a DM 15 million credit, and a subordinate guarantee taken by the Bayerische Landesanstalt für Aufbaufinanzierung (LfA) and the Thüringische Industrie-Beteiligungsgesellschaft (TIB) for DM 10 million, covering the Westdeutsche Landesbank's guarantee for the placing on the ma ...[+++]rket of a capital increase in Gildemeister in October 1994).

From that information the Commission established the need to review certain measures in depth, namely: - a waiver in 1984 of outstanding claims of 47 mio DM by the Westdeutsche Landesbank Girozentrale (WestLB); - a guarantee granted by the Land of Nordrhein-Westfalen in 1993 in relation to a 20 mio DM credit given to Gildemeister in 1992; - in 1994, the financing by the Bavarian authorities, through the "Bayernfonds" programme, of 1% of the 9.25% interest rate of a 15 mio DM credit given by the Bayerische Landesanstallt für Aufbaufinanzierung (LfA) in the framework of Gildemeister's takeover of Deckel/Maho; - a subordinate guarantee f ...[+++]or 10 mio DM given by the LfA and the Thüringische Industrie-Beteiligungsgesellschaft (TIB) in favour of the WestLB for its guarantee for the placing on the market of Gildemeister's capital increase of 34 mio DM in October 1994.