Issue link: https://maltatoday.uberflip.com/i/573382
Events 48 maltatoday, SUNDAY, 20 SEPTEMBER 2015 Over €3,000 raised for charity through One for All, All for One event A resounding message of solidar- ity was sent through the collabo- rative event One for All, All for One, which was held this week- end in Smart City to support three worthy charitable causes. The event, a fashion show fol- lowed by live music and DJs, was the brainchild of Nadine Busut- til and Pat Tabone, who decided to dedicate their summer to help raise funds for children in need. "We felt that it would not only be useful to raise funds to help our local voluntary causes, but also bring together different or- ganisations to work as a team, for each other, as a message of soli- darity through collaboration" ex- plained Nadine, who has organ- ised similar successful charitable events in the past. "The event would not have been possible without everyone's input, including the sponsors, who re- ally came through and supported us in a big way. We are indebted to everyone who volunteered their time, resources and money to make this a success, especially the 550 people that turned up on the night" said Patricia, who also put in hundreds of voluntary hours with Nadine to ensure the night was well organised and a great event for all involved. The three beneficiaries of the event included Inspire, Cystic Fibrosis Trust and Ra1se. The representatives of these organi- sations are friends and have col- laborated in the past. They all confirmed that working together is important. "Whilst we all have our dedi- cated causes that we support, it is important that voluntary or- ganisations share opportunities, knowledge and experiences to- gether. It is the only way we can truly strengthen civil society", Ju- lian, Josette and Nathan agreed. The event raised in excess of €35,000 thanks to the help of sponsors, benefactors and the people who attended. Funds where raised through the entry ticket donation and through a successful raffle, which featured prizes entirely donated by ben- efactors. The organisers would like to thank the main Sponsors for the event which are Tower Supermar- ket, GS Superstore and Roseberry as well as Demajo Wines and Spirits who sponsored the fash- ion show and last but certainly not int the least Island Caterers for all their support, dedication and energy. Diners still in time to vote in Definitive(ly) Good Guide's restaurant survey Diners have the last few days to log on to w w w . r e s t a u r a n t s - malta.com and vote to help decide which the top 150 restaurants in the 2016 edition of The Definitive(ly) Good Guide to Restaurants will be. Participants can rate all the restaurants visited over the past 12 months on food, am- bience and service and send in funny and informative comments to be in with a chance to win one of these fantastic prizes: A week- end break at the fabulous Trabuxu Boutique Living, a lavish gourmet hamper worth €200 from Dical House, Fine Foods & Wellbeing, Mosta, a €100 voucher to spend in a Myoka Spa and 10 runners- up will receive a free copy of The Definitive(ly) Good Guide to Res- taurants in Malta & Gozo 2016. Answering additional questions to enable the Guide to determine who the winners of the Special Awards presented at the Annual Gala Dinner in December will be. These include best Maltese res- taurant; best restaurant for busi- ness entertainment; best value for money restaurant; most romantic restaurant; most child friendly restaurant and the best restaurant restroom, as well as which have your favourite wine lists together with your additional comments. The Chef of the Year Award has been introduced this year, an ini- tiative sponsored by The Catering Centre, and participants can vote for their favourite chef and their restaurant on the survey. Log on to www.restaurantsmalta.com to vote before the end of the Sep- tember. EIP reiterates support for GlobalCapital by up to €15 million in capital increase EIP p.l.c. has informed GlobalCapi- tal p.l.c. that it is still intent on ac- quiring a shareholding in Global- Capital and that EIP also remains intent to support the Company in any capital increases which the Company intends to make, up to the sum of €15,000,000. As already announced on 6 May 2015, the Board of Directors of GlobalCapital was informed that a conditional offer by EIP was made to acquire the entire shareholding held by BAI Co (Mtius) Ltd (BAI). On the 15th July 2015 the Com- pany was further informed by EIP that BAI and EIP had entered into a Share Purchase Agreement (SPA) for the purchase by EIP of a 48.45% shareholding interest in the Com- pany. The Company was informed by EIP that by the expiry date of the Share Purchase Agreement some, but not all, of the conditions for completion of the agreement were fulfilled. Furthermore the Compa- ny has also been informed by EIP that since the expiry of the Share Purchase Agreement it had re- ceived no further communication from BAI and that no new agree- ment has so far been executed be- tween EIP and BAI. Accordingly the Company is informed that the original transaction contemplated in the Share Purchase Agreement has not been completed at this time. In this context, EIP has informed GlobalCapital of its intent on ac- quiring a shareholding in Global- Capital and that it remains intent to support GlobalCapital in any capital increases which the Com- pany intends to make, up to the sum of €15,000,000. Having considered this recent information and the other matters previously disclosed in the Finan- cial Statements, amongst which the other financing options poten- tially available to the Company, the Directors consider that the adop- tion of the going concern basis in the preparation of the Company's Financial Statements and in the In- terim Report remains appropriate. Profit trend sustained through the first six months of 2015 Earlier this year, GlobalCapital reported that a positive trend that started for the Company in the sec- ond half of 2014 has been sustained throughout the first six months of 2015 as the Group's operations re- mained in positive territory for two consecutive reporting periods cov- ering twelve months. The Company's interim report for the first six months of 2015 had announced a profit before taxation of €1,176,197 compared to a loss of €966,897 for the same period in 2014. The Group had also an- nounced a profit after taxation of €222,671 for the financial year end- ing in 2014, marking the Group's return to profit territory for the first time in the last seven years. The Group's profit for the first half of 2015 represents earnings per share of 3c7 compared to a loss per share of 7c8 for the January – June 2014 period. The Group's encouraging finan- cial turnaround comes as a result of an aggressive transformation strategy that kicked off in the sec- ond six months of 2014. As already explained in ear- lier statements and Company an- nouncements on the Malta Stock Exchange, the positive effects of the restructuring process are man- ifested in full in the Group's 2015 financial performance, across all levels and operations of the Group. EY 2015 global revenues up by 11.6% EY, the Big Four accountancy firm, grew global revenues last year at the fastest rate since 2008, underpinned by growth across all of its four serv- ice lines and geographic areas. Global revenues grew 11.6 % to $28.7billion in the 12 months to June 30. Mark Weinberger, global chairman and chief executive of- ficer, said: "The real reason we feel so good about it is its very balanced growth." Strong performance in the devel- oped markets was led by the US, the UK, Australia, Germany and It- aly. EY's emerging market practices grew by 12.3% overall, led by India with 19.7% growth. All of EY's four main service lines surpassed the previous year's growth. Advisory, which helps cli- ents to address their big, complex business issues was up 17.6%, boost- ed by cyber security; assurance grew 8.1%, with a $400million investment in new audit tools supporting major audit wins at Philips, Shell and Royal Bank of Scotland; transaction ad- visory services, which helps clients strategically manage their capital was up 15.5% — helped by an in- crease in mergers and acquisitions activity; and tax, where the global landscape is changing rapidly, grew 10.3%, driven by increasing trans- parency and reporting demands. EY's global financial services sec- tors – Insurance, Banking & Capital Markets and Wealth & Asset Man- agement – also delivered double- digit growth, led by strong demand for regulatory-driven transforma- tion services. Ronald Attard, EY's country man- aging Partner in Malta commented, "In line with these very positive glo- bal results, EY Malta has also grown rapidly this year, with strong growth registered across all our business units We've appointed 4 new execu- tive directors and two new direc- tors and are investing heavily in our premises. We have big plans for the future. In FY15, EY headcount reached 212,000 globally – an all-time high. The organisation invested $535mil- lion in training and delivered 8.2 million learning hours to give its people the skills needed to deliver in this fast- changing world. EY is proud to be voted in the top three in the Universum World's Most At- tractive Employer ranking for the third consecutive year. EY enables its people to use their skills and passions to make signifi- cant differences to improving their communities and in addressing some of society's most pressing is- sues. EY Malta's local initiatives in- clude assisting the development of accounting skills in local secondary schools through the EY "You're Wel- come" Programme; various activi- ties to build an entrepreneurial eco- system, including our "Exceptional Entrepreneurs" events; the "Malta's Economy – EY Update Series" is fa- cilitating dialogue on the most press- ing issues shaping the economy; and EY's "Malta attractiveness survey" and conference have become the benchmark on the state of play of FDI into Malta, supported by all key public and private stakeholders in the country. This year it will be held on 7 October and registration can be sent to mas@mt.ey.com. YOUR FIRST CLICK OF THE DAY www.maltatoday.com.mt Raising money for charitable causes: One for All, All for One