IACI » Topics » Liquidity

This excerpt taken from the IACI 10-K filed Mar 31, 2005.


        The Partnership's treasury and cash management activities are managed centrally by VU, which carries out market transactions on behalf of its affiliates. VU employs the practice of daily cash pooling to concentrate cash in all currencies across all of its affiliates. As a result, substantially all of the Partnership's cash accounts are zero-balanced daily by either advancing excess cash to VU or drawing cash needs from VU. The Partnership, therefore, is dependent on VU's liquidity to provide the capital needed to fund operations and service its indebtedness. It is VU's intent to provide the necessary funding for the Partnership to operate in the normal course of business for the foreseeable future.

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki