The cash-flow valuation component of -8.2% contributes to a reduction in the break-even
OC for the rating, reflecting the excess spread, which was modelled using the long-term average asset margin observed in the pool, 170bp, and longer-weighted average life of assets than that of liabilities.
* There is a tendency to continue to use a break-even
analysis after the cost and income functions have changed.
Prior to the collapse of oil prices, fiscal break-even
oil prices were rising rapidly in GCC countries, reflecting the substantial increase in government spending, which increased by an annual average of 11 per cent in real terms in 2003-2014.
For the Saudi-led bloc in OPEC - excluding Qatar, of course (see gmt18LNG-Nov3-14) - the break-even
price is lower than $80/b.
The Belgian lawyer said that although FFP sounds good, as it supports good governance and fairness of the game, but when one scratches the surface, the break-even
rule is no more than a prohibition to invest.
Daimler India Commercial Vehicles Pvt Ltd, a subsidiary of Daimler AG (NYSE: DAI)(FWB:DAI), has announced that it is likely to achieve break-even
within the next two years.
The UAE's break-even
oil price - the price at which oil needs to be in order for the government to balance its budget - was edging close to US$100 per barrel, said the report.
"Over the past several years, increased spending has raised fiscal break-even
"Some of the reported savings appear to be overstated and NHS bodies are reliant on unsustainable one-off savings to achieve break-even
. Some NHS bodies reduced planned procedures to help them manage emergency service and financial pressures.
Since 2008, the break-even
price has increased by more than 35 percent in five of the 10 MENA countries, and since 2010, oil prices have remained high, so there hasn't been much cause for concern that federal expenditures are unsustainable.
Manchester United and Arsenal have been pushing for a pure break-even
system similar to UEFA's financial fair play scheme for clubs in European competition.
After achieving operating break-even
in Q1 2012, Insurance House (IH) has registered a net profit of AED 7.65 million for the nine months ended 30 September 2012.