Distributable Profits has the meaning assigned to it in the LLC Agreement. Distributable Profits of the Bank for any fiscal year is the balance sheet profit (Bilanzgewinn) as of the end of such fiscal year, as shown in the audited unconsolidated balance sheet of the Bank as of the end of such fiscal year.

What are distributable profits on a balance sheet?

A company's profits available for the purpose of distributions (section 830(1), Companies Act 2006).

What profits are distributable?

What does Distributable Profits mean? A company's accumulated, realised profits (so far as not previously used by distribution or capitalisation) less its accumulated, realised losses (so far as not previously written off in a reduction or reorganisation of capital) available for distribution (see CA 2006, ss 829-830).