Inventorieshave increased by $10,577,000 due to the timing of deliveries of concentrateat Kemess and the increase in ore stockpiles. Trade and other receivables haveincreased in light of higher quarter-end gold and copper prices. A gainwas recorded to recognize the difference in the fair value of the portfolioand the settlement amount.Liquidity and Capital ResourcesWorking Capital: At March 31, 2009, Northgate had working capital of$68,330,000 compared with working capital of $21,947,000 at December 31, 2008.The increase in working capital was driven entirely by increases to currentassets as current liabilities have decreased by 2% since December 31, 2008.Northgate’s cash and cash equivalents have increased by $25,960,000 due tostrong cash flow from operations and the settlement of a portion of theCorporation’s copper forward contracts. Inconnection with the acquisition of Perseverance, Northgate had entered into anagreement to acquire Perseverance’s portfolio of gold forward contracts basedon the value of the underlying forward contracts at October 30, 2007.
Other income in the correspondingperiod in 2008 includes a one-time, non-cash mark-to-market gain of $9,836,000related to the settlement of Perseverance’s gold forward contracts. No amount had previously been accruedin the consolidated financial statements. The current income tax expense is offset bya future income tax recovery of $11,048,000, resulting mainly from thereversal of future tax liabilities relating to the copper forward contracts,which were in a significant asset position at December 31, 2008.Other income for the three months ended March 31, 2009 includes an insurancesettlement of $554,000 relating to the collapse of a buried section of theprocess water line at Kemess, which occurred in the third quarter of 2008 andresulted in ten days of lost production. Northgate’s Australian operations are also forecastto be cash taxable in the current fiscal year and have recognized a currentincome tax expense of $3,298,000. * Do deals with an understanding of how competitors are financed, and themergers and partnerships that have shaped the market in the country. * Identify and analyze the strengths and weaknesses of the industry incumbentsin the country.Key Topics Covered:1 Table of Contents 2 Executive Summary 3 Introduction 4 Definitions of Markets Covered in This Report 5 Healthcare Sector Review 6 Regulation System 7 Pricing and Reimbursement 8 Distribution Structure 9 Germany Medical Equipment Market – Investment Opportunities 10 Patient Monitoring in Germany 11 Micro-Electromechanical Systems In Germany 12 Multiparameter Patient Monitoring in Germany 13 Non-Invasive Blood Pressure Monitors in Germany 14 Remote Patient Monitoring In Germany 15 Wireless and Ambulatory Monitoring In Germany 16 OMRON HEALTHCARE Co., Ltd.
Company Profile 17 GE Healthcare Company Profile 18 HARTMANN GROUP Company Profile 19 Philips Healthcare Company Profile 20 Draegerwerk Aktiengesellschaft Company Profile 21 Abbott Laboratories Company Profile 22 Medisana AG Company Profile 23 Recent Developments 24 Appendix For more information visit http:// and MarketsLaura WoodSenior Fax from USA: 646-607-1907Fax from rest of the world: +353-1-481-1716 Copyright Business Wire 2009. * Q4 operating loss $6.9 bln, in line with consensus Stocks | Bonds | Global Markets | China | Japan * Sees 09/10 loss of $8.6 bln, much worse than consensus * Expects global sales to fall 14 pct to 6.5 mln vehicles * S&P cuts rating to AA, outlook negative * Shares close down 1.5 pct before results (Recasts with president comments, S&P rating cut, details) By Chang-Ran Kim, Asia autos correspondent TOKYO, May 8 (Reuters) – Toyota Motor Corp (7203.T), theworld’s biggest automaker, forecast a much bigger-than-expected$8.6 billion annual loss and said it would sell about 1 millionfewer vehicles this year, leaving it desperately trying to cutcosts in the grip of a severe market downturn. The global crisis that has battered demand for cars andpushed U.S. rival Chrysler [CBS.UL] into bankruptcy has hitToyota hard, reversing its rapid expansion into overcapacityalmost overnight Dozens of its factories stand half idle.
The Japanese giant posted its first-ever consolidatedoperating loss last year after a record profit the year before. For January-March, Toyota booked a $6.9 billion loss, inline with consensus estimates, and cut its annual dividendnearly 30 percent — the first cut since at least 1994, when itchanged its reporting period. While the entire industry is caught in the slump andseeking to offload cars piled up in stockyards, Toyota has beenespecially vulnerable due to its exposure to the United Statesand Japan, where sales have plunged to multi-decade lows. Even in China, Toyota has bucked the market’s rise with afall so far this year “Toyota’s outlook was worse than I’d expected.
