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Banja Luka Stock Exchange
The Banja Luka Stock Exchange or BLSE ( sr, Бањалучка берза, ''Banjalučka berza'') is a stock exchange which operates in the city of Banja Luka in the Republika Srpska, Bosnia and Herzegovina. The Banja Luka Stock Exchange is a member of the Federation of Euro-Asian Stock Exchanges. History * 15 July 1998 - The adoption of The Law on Securities provided the necessary legal framework to establish the capital market of the Republika Srpska. * 4 May 2000 - The National Assembly of the Republic of Srpska appointed the first members of Republika Srpska Securities Commission. * 26 February 2001 - Established Central Registry of Securities (CRHoV). * 9 May 2001 - Eight banks and one company trading in securities signed the Contract that established the Banja Luka Stock Exchange. * 9 August 2001 - Republika Srpska Securities Commission issued working permit to Banja Luka Stock Exchange. * 29 November 2001 - The first equity from the privatisation programme was registered in t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Blse
The Banja Luka Stock Exchange or BLSE ( sr, Бањалучка берза, ''Banjalučka berza'') is a stock exchange which operates in the city of Banja Luka in the Republika Srpska, Bosnia and Herzegovina. The Banja Luka Stock Exchange is a member of the Federation of Euro-Asian Stock Exchanges. History * 15 July 1998 - The adoption of The Law on Securities provided the necessary legal framework to establish the capital market of the Republika Srpska. * 4 May 2000 - The National Assembly of the Republic of Srpska appointed the first members of Republika Srpska Securities Commission. * 26 February 2001 - Established Central Registry of Securities (CRHoV). * 9 May 2001 - Eight banks and one company trading in securities signed the Contract that established the Banja Luka Stock Exchange. * 9 August 2001 - Republika Srpska Securities Commission issued working permit to Banja Luka Stock Exchange. * 29 November 2001 - The first equity from the privatisation programme was registered in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investment Funds Index Of Republic Of Srpska
The FIRS Index is a share index of the 13 privatisation-investment funds (PIFs) listed on the Banja Luka Stock Exchange (BLSE), established on 29 July 2004. FIRS stands for ''Indeks investicionih fondova Republike Srpske'', which is Serbian for Investment Funds Index of Republika Srpska. The highest value of the index to 22 September 2006, was on that day, at 4467.74. Other indices on the Banja Luka Stock Exchange are the BIRS (an index of 12 leading shares) and ERS10 (an index of 10 companies from the power utility sector). All of the companies listed on this index include the abbreviation a.d. (''akcionarsko drušvo'') at the end of their name, indicating their status of a public limited company. List of FIRS companies Below is the list of the 13 FIRS companies on 30 August 2006. * Balkan Investment Fond a.d. Banja Luka * PIF Bors Invest Fond a.d. Banja Luka * Euroinvest Fond a.d. Banja Luka * PIF Aktiva Invest Fond a.d. Gradiška * PIF Invest Nova Fond a.d. Bijeljina ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Transaction
A financial transaction is an agreement, or communication, between a buyer and seller to exchange goods, services, or assets for payment. Any transaction involves a change in the status of the finances of two or more businesses or individuals. A financial transaction always involves one or more financial asset, most commonly money or another valuable item such as gold or silver. There are many types of financial transactions. The most common type, purchases, occur when a good, service, or other commodity is sold to a consumer in exchange for money. Most purchases are made with cash payments, including physical currency, debit cards, or cheques. The other main form of payment is credit, which gives immediate access to funds in exchange for repayment at a later date. History There is no evidence to support the theory that ancient civilizations worked on systems of barter. Instead, most historians believe that ancient cultures worked on principles of gift economy and debt. In a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Liability (accounting)
In financial accounting, a liability is defined as the future sacrifices of economic benefits that the entity is ''obliged'' to make to other entities as a result of past transactions or other ''past'' events, the settlement of which may result in the transfer or use of assets, provision of services or other yielding of economic benefits in the future. Characteristics A liability is defined by the following characteristics: * Any type of borrowing from persons or banks for improving a business or personal income that is payable during short or long time; * A duty or responsibility to others that entails settlement by future transfer or use of assets, provision of services, or other transaction yielding an economic benefit, at a specified or determinable date, on occurrence of a specified event, or on demand; * A duty or responsibility that obligates the entity to another, leaving it little or no discretion to avoid settlement; and, * A transaction or event obligating the entity t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Telekom Srpske
m:tel a.d. Banja Luka (formerly Telekom Srpske a.d. Banja Luka) is a telecommunications company based in Banja Luka, Republika Srpska, Bosnia and Herzegovina. The company is owned by Telekom Srbija, and is the second largest telecommunications company in Bosnia and Herzegovina and the biggest one listed on the Banja Luka Stock Exchange, with the market capitalisation of about 540 million euros. History Telekom Srpske was established on 20 December 1996. It was privatized in 2006, through a public tender. Telekom Srbija, made the highest bid with 646 million euros for a 65% majority stake, while the second highest bidder was Telekom Austria with an offer of 467 million euros. The Government of Republika Srpska declared Telekom Srpske a company of strategic importance and, therefore, the state capital has been privatised according to the special privatisation program enacted by the Government. Raiffeisen Investment was appointed as the financial advisor to the government. The crit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bond (finance)
In finance, a bond is a type of security under which the issuer ( debtor) owes the holder ( creditor) a debt, and is obliged – depending on the terms – to repay the principal (i.e. amount borrowed) of the bond at the maturity date as well as interest (called the coupon) over a specified amount of time. The interest is usually payable at fixed intervals: semiannual, annual, and less often at other periods. Thus, a bond is a form of loan or IOU. Bonds provide the borrower with external funds to finance long-term investments or, in the case of government bonds, to finance current expenditure. Bonds and stocks are both securities, but the major difference between the two is that (capital) stockholders have an equity stake in a company (i.e. they are owners), whereas bondholders have a creditor stake in a company (i.e. they are lenders). As creditors, bondholders have priority over stockholders. This means they will be repaid in advance of stockholders, but will rank behind s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bosnia And Herzegovina Convertible Mark
The convertible mark (Bosnian language, Bosanski: , Currency symbol, sign: KM; ISO 4217, code: BAM) is the currency of Bosnia and Herzegovina. It is divided into 100 or (/) and locally abbreviated ''KM''. While the currency and its subunits are uniform for both constituent polities of Bosnia and Herzegovina, namely the Federation of Bosnia and Herzegovina (FBiH) and Republika Srpska (RS), the designs of the KM 10, KM 20, KM 50, and KM 100 banknotes are differentiated for each polity. History The Convertibility, convertible mark was established by the 1995 Dayton Agreement. It replaced the Bosnia and Herzegovina dinar, Croatian kuna and Yugoslav dinar#1994–2003; Novi dinar (YUM), Yugoslav novi dinar as the single currency of Bosnia and Herzegovina in 1998. ''Mark'' refers to the Deutsche Mark, the currency to which it was Fixed currency, pegged at par. Etymology The names derive from German language, German. The three official languages of Bosnia and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Statements
Financial statements (or financial reports) are formal records of the financial activities and position of a business, person, or other entity. Relevant financial information is presented in a structured manner and in a form which is easy to understand. They typically include four basic financial statements accompanied by a management discussion and analysis: # A balance sheet or statement of financial position, reports on a company's assets, liabilities, and owners equity at a given point in time. # An income statement—or profit and loss report (P&L report), or statement of comprehensive income, or statement of revenue & expense—reports on a company's income, expenses, and profits over a stated period. A profit and loss statement provides information on the operation of the enterprise. These include sales and the various expenses incurred during the stated period. # A statement of changes in equity or statement of equity, or statement of retained earnings, reports on t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ownership Equity
In finance, equity is ownership of assets that may have debts or other liabilities attached to them. Equity is measured for accounting purposes by subtracting liabilities from the value of the assets. For example, if someone owns a car worth $24,000 and owes $10,000 on the loan used to buy the car, the difference of $14,000 is equity. Equity can apply to a single asset, such as a car or house, or to an entire business. A business that needs to start up or expand its operations can sell its equity in order to raise cash that does not have to be repaid on a set schedule. In government finance or other non-profit settings, equity is known as "net position" or "net assets". Origins The term "equity" describes this type of ownership in English because it was regulated through the system of equity law that developed in England during the Late Middle Ages to meet the growing demands of commercial activity. While the older common law courts dealt with questions of property title, equit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Companies
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), in Fr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Instruments
Financial instruments are monetary contracts between parties. They can be created, traded, modified and settled. They can be cash (currency), evidence of an ownership interest in an entity or a contractual right to receive or deliver in the form of currency (forex); debt ( bonds, loans); equity ( shares); or derivatives ( options, futures, forwards). International Accounting Standards IAS 32 and 39 define a financial instrument as "any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity". Financial instruments may be categorized by "asset class" depending on whether they are equity-based (reflecting ownership of the issuing entity) or debt-based (reflecting a loan the investor has made to the issuing entity). If the instrument is debt it can be further categorized into short-term (less than one year) or long-term. Foreign exchange instruments and transactions are neither debt- nor equity-based and belon ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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