Constant purchasing power accounting

H2O Innovation Reports First Quarter Results - Gross Profit Margin Improvement and Strong Consolidated Backlog

Retrieved on: 
Tuesday, November 14, 2023
Environment, Engineering, Chemicals, Plastics, Utilities, Manufacturing, Sustainability, Energy, Other Natural Resources, Natural Resources, Canada Business Corporations Act, EBITDA, O&M, Pressure, Minority, Acquisition, Meeting, WTS, Transaction, Calumet Specialty Products Partners, Bank statement, Investment, Depreciation, Investissement Québec, Nature, GAAP, Growth, Constant purchasing power accounting, Multilateral, Share (finance), Silviculture, Security (finance), Corporation

The increase of WTS’s EBAC in dollars and in percentage is mainly attributable to the improvement of the gross profit margin before depreciation and amortization due to higher revenues coming from the service activities.

Key Points: 
  • The increase of WTS’s EBAC in dollars and in percentage is mainly attributable to the improvement of the gross profit margin before depreciation and amortization due to higher revenues coming from the service activities.
  • Specialty Products’ EBAC was impacted by the decrease in sales volume, while the selling and general expenses increased.
  • The definition of EBAC means the earnings before administrative costs and other items in note 11 of the condensed interim consolidated financial statements.
  • The increase in percentage was primarily due to the improvement of the gross profit margin in the WTS business pillar, mostly explained by a higher proportion of revenues coming from our service activities, which are characterized by higher gross profit margins.

Gogoro Releases Third Quarter 2023 Financial Results

Retrieved on: 
Thursday, November 16, 2023
Webcast, Research, CFO, Earnout, Exercise, ICE, PTW, Marketing, City, Aircraft, Adjustment, Financial management, GGR, Use, Constant purchasing power accounting, Transport, Renewable energy, Gogoro

TAIPEI, Taiwan, Nov. 16, 2023 /PRNewswire/ -- Gogoro Inc. (Nasdaq: GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today released its financial results for its third quarter ended September 30, 2023.

Key Points: 
  • TAIPEI, Taiwan, Nov. 16, 2023 /PRNewswire/ -- Gogoro Inc. (Nasdaq: GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today released its financial results for its third quarter ended September 30, 2023.
  • These results represent our continuous focus on gross margin, operating cash flow and operational efficiency," said Bruce Aitken, CFO of Gogoro.
  • For the third quarter, adjusted EBITDA1 was $13.1 million, up from $9.2 million in the same quarter last year.
  • Gogoro's management team will hold an earnings Webcast on November 16th, 2023, at 7:00 a.m. Eastern Time to discuss the Company's third quarter 2023 results of operations and outlook.

Purchasing Power® Survey: Healthcare Professionals Struggling with Financial Challenges Look to Employer Benefits for Practical Support

Retrieved on: 
Tuesday, August 22, 2023
Well, Lazarus, Health care, Development, Healthcare industry, Constant purchasing power accounting, Purchasing power, Health, Data, Nursing, Health insurance

ATLANTA, Aug. 22, 2023 /PRNewswire/ -- Healthcare professionals are looking for new job opportunities and prioritizing benefits that support financial wellness, according to the 2023 Financial Well-being Survey: Healthcare Industry published by Purchasing Power. This is the first time Purchasing Power has conducted a survey specific to the healthcare industry.

Key Points: 
  • ATLANTA, Aug. 22, 2023 /PRNewswire/ -- Healthcare professionals are looking for new job opportunities and prioritizing benefits that support financial wellness, according to the 2023 Financial Well-being Survey: Healthcare Industry published by Purchasing Power.
  • Responses provided insights on job changes, employee expectations for financial wellness support from their employer, and the impacts this shift in priorities is having on retention across the healthcare sector.
  • Healthcare professionals are recognizing that a mix of both short- and long-term benefits drive overall financial wellness, yet 66% of survey respondents said their current employer doesn't take an active role in their financial well-being.
  • And yet among those that have changed jobs recently, only 42% are now receiving financial wellness support from their new employers.

HSBC SFH (France): Update on the Sale of HSBC Continental Europe’s Retail Banking Business in France

Retrieved on: 
Wednesday, June 14, 2023
Banking, Professional Services, Finance, Cerberus, Insurance, HSBC, Closing, NOT, PIK, FOR, Memorandum of understanding, Business, GAAP, Sale, CCF, Potential, HSBC Continental Europe, LAWS, MOU, Transaction, Swap rate, Security (finance), Bank, Financial services, Glass, Cryptocurrency, Life insurance, Drug, Constant purchasing power accounting

The potential changes do not impact the planned sale of HSFH under the terms of the original transaction.

Key Points: 
  • The potential changes do not impact the planned sale of HSFH under the terms of the original transaction.
  • The changes do not alter the underlying rationale for the transaction, which will allow HBCE to focus on its international wholesale business model.
  • The parties are aiming to close the transaction on 1 January 2024.
  • The Potential Changes do not alter the underlying rationale for the Transaction as set out in the 2021 Announcement.

HSBC Continental Europe: Update on Sale of Retail Banking Business in France

Retrieved on: 
Wednesday, June 14, 2023
Finance, Banking, Professional Services, Other Professional Services, Asset Management, Cerberus, Insurance, HSBC, Closing, NOT, PIK, FOR, Memorandum of understanding, Business, GAAP, Sale, CCF, Potential, HSBC Continental Europe, LAWS, MOU, Transaction, Swap rate, Security (finance), Bank, Financial services, Glass, Cryptocurrency, Life insurance, Drug, Constant purchasing power accounting

The changes do not alter the underlying rationale for the transaction, which will allow HBCE to focus on its international wholesale business model.

Key Points: 
  • The changes do not alter the underlying rationale for the transaction, which will allow HBCE to focus on its international wholesale business model.
  • There is no immediate change to the IFRS accounting treatment of the French retail business – there will be an information and consultation process with respective works councils and the transaction remains subject to regulatory approvals.
  • The final pre-tax loss on sale will be determined at closing, by reference to Prevailing Rates at the time and the value of the profit participation interest (if relevant).
  • On 18 June 2021, HSBC Continental Europe (‘HBCE’) announced (the ‘2021 Announcement’) that it had signed a Memorandum of Understanding with Promontoria MMB SAS (‘My Money Group’) and its subsidiary Banque des Caraïbes SA (the ‘Purchaser’, and together with My Money Group, the ‘Purchaser Group’) regarding the potential sale of HBCE’s retail banking business in France (the ‘Business’) (the ‘Transaction’).

HSBC Continental Europe: Update on Sale of Retail Banking Business in France

Retrieved on: 
Friday, April 14, 2023
Banking, Professional Services, Finance, Cerberus, Insurance, HSBC, HSBC Continental Europe, Probability, NOT, FOR, Industrial Marketing and Purchasing Group, Framework, Classification, Constant purchasing power accounting, Sale, Acquisition, LAWS, Annual report, Transaction, Framework agreement, Cryptocurrency, Security (finance)

Given completion of the Transaction has become less certain, as at 31 March 2023 HSBC and HBCE are required to change the accounting classification of their retail banking operations in France.

Key Points: 
  • Given completion of the Transaction has become less certain, as at 31 March 2023 HSBC and HBCE are required to change the accounting classification of their retail banking operations in France.
  • HSBC remains committed to pursuing the sale providing appropriate terms can be agreed and to supporting our clients and colleagues in France at all times.
  • HSBC Continental Europe’s mission is to serve both customers in Continental Europe for their needs worldwide and customers in other Group countries for their needs in Continental Europe.
  • With assets of US$2,967bn at 31 December 2022, HSBC is one of the world’s largest banking and financial services organisations.

CanPay Launches First-of-its-Kind Points Rewards Program Ahead of 4/20 for Cannabis Consumers

Retrieved on: 
Tuesday, April 11, 2023
Constant purchasing power accounting, Amass, Automated clearing house, Jackpot, ACH, USS Lucid (MSO-458), Cryptocurrency

LITTLETON, Colo., April 11, 2023 /PRNewswire/ -- CanPay launched today its CanPay Points Rewards Program. Consumers that use CanPay to pay for their purchases will now enjoy free daily and after-purchase opportunities to win CanPay Points. Points can then be used to discount future purchases at any of CanPay's more than 1,000 participating merchant locations in over 30 states.

Key Points: 
  • Making Payments Even More Rewarding, Cannabis Consumers Can Now Amass CanPay Points to be Used to Discount Future Purchases
    LITTLETON, Colo., April 11, 2023 /PRNewswire/ -- CanPay launched today its CanPay Points Rewards Program.
  • Consumers that use CanPay to pay for their purchases will now enjoy free daily and after-purchase opportunities to win CanPay Points.
  • Consumers, after each purchase made with CanPay, will have a chance to spin the "Spin to Win" rewards wheel where they can win various points rewards including a Jackpot that starts at $4,200 in points.
  • "CanPay is already the preferred payment method for hundreds of thousands of cannabis consumers and now those consumers get to enjoy an even more rewarding payment experience when they pay with CanPay," says Dustin Eide, CEO of CanPay.

Survey: Public Sector Employees Straining Under 2023 Macro-Economic Realities Look to Employers for More Immediate Financial Help

Retrieved on: 
Tuesday, April 4, 2023
Lazarus, Learning, Public sector, Face, St. Louis Fed Financial Stress Index, Public, Research, History, Financial Literacy Month, Organization, Development, Constant purchasing power accounting, Investment, Data, Immediate, Purchasing power, Health insurance, Tutoring

ATLANTA, April 4, 2023 /PRNewswire/ -- As employees continue to face financial challenges due to rising inflation and economic uncertainty, among those struggling are people working in the public sector. According to findings from Purchasing Power's 2023 Public Sector Employee State of Financial Wellness Survey, released today in conjunction with Financial Literacy Month, 83% of American public sector employees experience financial stress, whether physical, mental or emotional. Moreover, 50% feel more financial stress than they did last year during the pandemic, and 65% expect this stress to remain or increase in 2024.

Key Points: 
  • According to findings from Purchasing Power's 2023 Public Sector Employee State of Financial Wellness Survey, released today in conjunction with Financial Literacy Month, 83% of American public sector employees experience financial stress, whether physical, mental or emotional.
  • This year's survey was developed and conducted specifically among public sector employees to better understand their unique financial needs and concerns, and to address solutions that can help meet their more immediate financial challenges.
  • "Public sector organizations are a part of our company's rich history, and we've supported many of the nation's largest public sector organizations and their employees for more than 20 years.
  • Data cited is the result of the 2023 Public Sector Employee State of Financial Wellness Survey study by Purchasing Power.

CanPay Now Accepted at More Than 1,000 Cannabis Merchant Locations

Retrieved on: 
Wednesday, January 18, 2023
ACH, Automated clearing house, Constant purchasing power accounting, Timeline of cannabis laws in the United States, Patient, ERP, Cannabis, MSO, Online shopping, Drug

LITTLETON, Colo., Jan. 18, 2023 /PRNewswire/ -- CanPay, the largest legitimate payment network for cannabis retailers and consumers, is now available at more than 1,000 participating merchant locations in 31 states across the U.S.

Key Points: 
  • Merchants with a compliant bank account at a CanPay-approved financial institution may join the CanPay network quickly and easily.
  • Hundreds of financial institutions now bank the cannabis industry, with compliant services available in all state legal markets.
  • CanPay recently exceeded $750 million in transparent transactions in states where cannabis is legal.
  • "Transparent, simple, low-cost payments are a must in the cannabis industry, and our continued adoption speaks to the strengths of our solution."

Paul Lawler Named Northeast Regional Sales Director at Purchasing Power®

Retrieved on: 
Thursday, October 13, 2022
Lincoln National Corporation, Constant purchasing power accounting, LLC, National Partnership for Reinventing Government, Northeast Regional, Fortune 500, Marketing, Industry, Assumption University, Voya Financial, Government, Asa, Purchasing power, Bachelor of Science in Information Technology, Retirement, Sales, Financial adviser, Health insurance, Science

BOSTON, Oct. 13, 2022 /PRNewswire/ -- Paul Lawler has been appointed Northeast Regional Sales Director at Purchasing Power, LLC, a voluntary benefit fintech company that offers the leading employee purchase program through the convenience of payroll deduction.

Key Points: 
  • BOSTON, Oct. 13, 2022 /PRNewswire/ -- Paul Lawler has been appointed Northeast Regional Sales Director at Purchasing Power, LLC, a voluntary benefit fintech company that offers the leading employee purchase program through the convenience of payroll deduction.
  • Responsible for execution of Purchasing Power's regional growth and business development strategies, Lawler will be based in Boston and report directly to Tim Kastrinelis, Vice President, Sales and National Partnerships at Purchasing Power.
  • Prior to joining Purchasing Power, Lawler served asa senior marketing representative at Voya Financial, a financial, retirement, investment and insurance company.
  • Purchasing Power is a registered trademark of Purchasing Power, LLC.