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Depreciation is an accounting term which is used to spread the cost of an asset over its useful life. It is a method of allocating the cost of an asset over a period of time. It is used to match the cost of the asset to the revenue it generates. Depreciation is a non-cash expense and is used to reduce the value of an asset on the balance sheet. It is important to understand how depreciation works and how it affects the financial statements of businesses. Read the latest news and articles on depreciation below.

Swiss Properties Invest A/S: Raising financial expectations for 2024 - ForexTV

Company Announcement No. 6-2024 Copenhagen, December 13, 2024. Inside information: Swiss Properties Invest revises the financial prognosis for 2024 raising revenue and earnings expectations The Board of Directors of Swiss Properties Invest has today reviewed an updated, un-audited financial prognosis for fiscal year 2024 as follows: Management expects annualized rental income from the nine (9) properties being approximately 50 % higher than what was anticipated for 2024 in the IPO budget, raising revenues from DKK 22,7m to an expected DKK 34m – 36m. EBITDA (Earnings before interest, tax, depreciations and appreciation of properties) is expected to be approximately 65% higher than what was anticipated for 2024 in the IPO budget raising EBITDA from DKK 13,3m to an expected DKK 22m – 24m. EBT (Earnings before tax) is expected to be approximately 135% higher than what was anticipated for 2024 in the IPO budget raising such earnings from DKK 24,6m to an expected DKK 58m – 62m. The portfolio value as of end 2024 is expected to be approximately DKK 740m in comparison to the forecasted DKK 543m in the IPO budget for the year. Above-mentioned expectations are a consequence of Swiss Properties Invest having acquired at favorable valuations, combined with positive market conditions, such as lower interest rates and the securing of more favorable financing terms, as well as having optimized operations of the properties and investing in solar energy resulting in higher valuations of the properties. ABOUT SWISS PROPERTIES INVESTSwiss Properties Invest, founded on 8 October 2021, is the Danish holding company of the wholly owned subsidiary Swiss Properties Invest AG (CHE-422,631,240), founded on 30 November 2021. The purpose of Swiss Properties Invest AG is to own, operate, optimize, and develop a portfolio of attractive commercial properties for renting out commercial space in selected regions (cantons) in Switzerland with the aim of creating shareholder value to its investors. CONTACT INFORMATION Swiss Properties Invest A/S Kirsten Sillehoved, CEO Mobile (+45) 52 40 71 52  E-mail kirsten@swisspropertiesinvest.dk  Schleppegrellsgade 82200 Copenhagen NDenmark CERTIFIED ADVISERBaker Tilly Corporate Finance P/S (CVR-nr. 40073310),Poul Bundgaards Vej 1, 1.,DK-2500 Valby,tlf. +45 3345 1000COMPANY WEBSITEhttps://swisspropertiesinvest.dk

U.S. Stocks Close Little Changed Following Lackluster Session - ForexTV

Stocks displayed indecision throughout Friday's trading session, as initial upward momentum could not be maintained. The major indices fluctuated around the baseline, ultimately ending with slight deviations.The Dow Jones Industrial Average fell by 86.06 points, or 0.2%, to close at 43,828.06, marking its seventh consecutive day in decline. Similarly, the S&P 500 marginally decreased by 0.16 points, less than a tenth of a percent, to 6,051.09. The Nasdaq Composite, known for its tech focus, edged higher by 23.88 points, or 0.1%, concluding at 19,926.72.For the week, the indices also showed a mixed picture: the Nasdaq advanced by 0.3%, contrasted by the S&P 500's 0.6% decline and the Dow's sharper 1.8% drop.The early market optimism was partially driven by Broadcom’s (AVGO) strong earnings report, which resulted in a 24.4% surge in the company's shares. Broadcom's fiscal fourth-quarter performance exceeded expectations, and the company projected robust demand for its custom AI chips to continue.However, enthusiasm was tempered as investors anticipated the upcoming Federal Reserve's meeting. It is broadly expected that the Fed will reduce interest rates by another 25 basis points. Traders will focus keenly on the accompanying commentary for future rate cut signals.Persistently high inflation figures have stirred concerns that the Fed might adopt a slower pace in reducing rates next year than previously forecasted. According to CME Group’s FedWatch Tool, there is a 97.1% probability of a quarter-point rate cut next week, yet an 81.0% likelihood that rates will remain unchanged in late January.In terms of inflation, the Labor Department indicated an unexpected rise in U.S. import prices for November.**Sector Analysis**Gold stocks witnessed extended losses amid continued depreciation of the precious metal, pulling the NYSE Arca Gold Bugs Index down by 2.7%. Steel stocks also experienced significant declines, with the NYSE Arca Steel Index plummeting by 2.6%, reaching its lowest closing point in nearly three months. Additionally, sectors such as computer hardware, airlines, and housing exhibited marked weaknesses, while semiconductor and networking stocks demonstrated resilient gains.**Global Markets**Internationally, the Asia-Pacific stock markets primarily experienced declines on Friday. Japan's Nikkei 225 Index fell by 1.0%, with China’s Shanghai Composite Index dropping 2.0%.In Europe, the major markets registered moderate downward movement. The French CAC 40 Index decreased by 0.2%, while the FTSE 100 Index in the U.K. and Germany's DAX Index both reduced by 0.1%.In the bond market, treasuries continued their downward trend, resulting in the yield on the benchmark ten-year note rising by 7.5 basis points to settle at 4.399%.**Outlook for the Week Ahead**Next week, the Federal Reserve's monetary policy decision will take center stage. Market participants will also closely monitor reports on retail sales, industrial production, housing starts, existing home sales, and personal income and spending. The report on personal income and spending, due next Friday, is particularly significant as it includes the Fed's favored measures of consumer price inflation.The material has been provided by InstaForex Company - www.instaforex.com