Loss from operations in the second quarter increased from $7.2 million in 2015 to $7.4 million in 2016 and decreased for the first six months from $18.5 million in 2015 to $16.9 million in 2016. General administrative expenses were lower in the second quarter of 2015 due to a non-cash out-of-period adjustment of $1.0 million in respect of an overstatement of stock option expense in the first quarter of 2015. The year-to-date decrease in loss from operations is primarily due to a reduction of $1.6 million in our share of losses at the Donlin Gold project as 2016 activities continued to focus on the draft EIS and permitting. Net loss decreased from $9.2 million ($0.03 per share) in the second quarter of 2015 to $9.1 million ($0.03 per share) in the second quarter of 2016, primarily due to lower interest expense in 2016 due to the repayment of the convertible notes in May 2015 and a $0.4 million write-down of the Company's investments in junior mining companies in 2015, offset by foreign exchange losses due to the strengthening of the Canadian dollar. For the first six months, net loss increased from $18.5 million ($0.06 per share) in 2015 to $19.1 million ($0.06 per share) in 2016, primarily due to foreign exchange losses in 2016 compared to gains in 2015, partially offset by the reduction in loss from operations, lower interest expense and a $0.4 million write-down of investments in junior mining companies in 2015. The U.S. dollar significantly strengthened in relation to the Canadian dollar during the first six months of 2015 and foreign exchange gains were realized by the Canadian parent company on its cash denominated in U.S. dollars.
For the original version including any supplementary images or video, visit NOVAGOLD Advances Permitting of Donlin Gold and Maintains Strong Financial Position at the End of the Second Quarter 2016 - Yahoo Finance
For details of this pupil loan relief program, you can visit the National Pupil Loan Data System website. It is a liability. Understand Laws and Procedures of the Business The procedure of is not easy, and many people who start this business understand it almost in a few months. Term bonds are bonds which are held for a certain predefined amount of time whose principal amount is payable at maturity. The Health Care and Education Reconciliation Act of 2010 deals with the issue of pupil loan debt forgiveness. In short, the concept refers to a negotiation between the borrower and creditor. Performing asset is an asset, which has been giving a good steady return over its functional life. Statistics show that almost 15 percent of an individual discretionary income goes towards pupil loan repayment.
Corporates enjoy the option of tax-free reorganizations allowed under Chapter 11. It is calculated by Debt to Equity Ratio = Total Liabilities / Stockholder Equity Debt to total assets' ratio measures the percentage of assets financed by debt. Hence, they are called absorption. Bad Debt is the amount owed to us, but which cannot be recovered. Annualizing is a method by which all the amounts pertaining to less than a year are calculated to their one-year equivalents. Target costing involves setting a price for the product and then getting the production costs in line with the target price so that the business can earn profit too. In the case of business, they might also be our suppliers whom we haven't yet paid. Standard cost system is the cost system that is specifically designed to allocate various costs under their respective heads.