Accounts The Audited Accounts. (1) were prepared in accordance with the requirements of all relevant statutes and generally accepted accounting principles in the United States at the time they were audited and commonly adopted by companies carrying on business similar to that of NCT; (2) show a true and fair view of the assets and liabilities of NCT and its subsidiaries (as a whole) as at, and the profits of NCT and its subsidiaries for the period ended on, the Balance Sheet Date; (3) apply bases and policies of accounting which have been consistently applied in the case of NCT and its subsidiaries, in the audited consolidated financial statements for the three accounting reference periods ending on the Balance Sheet Date. Full provision has been made in the Audited Accounts for all actual liabilities of NCT and its subsidiaries outstanding at the Balance Sheet Date and proper provision (or note) in accordance with generally accepted accounting principles in the United States at the time they were audited has been made therein for all other liabilities of NCT and its subsidiaries then outstanding whether contingent, quantified, disputed. The Quarterly Accounts have been carefully prepared in accordance with accounting policies consistent with those used in preparing the Audited Accounts and in accordance with the requirements of the United States Securities and Exchange Commission and on a basis consistent with quarterly accounts prepared in respect of the most recent four financial quarters of NCT and its Affiliates. The cumulative profits, assets and liabilities of NCT and its Affiliates stated in the Quarterly Accounts have not been materially misstated and are not materially inaccurate. (E) Filings The Form S-1 Registration Statement as filed by NCT with the SEC on 9 February 2001 and all other filings made by NCT in the 12 months prior thereto comply in all respects with the requirements of the SEC and do not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading. (F) Contracts (1) Each of the material contracts to which NCT or NCT Audio or DMC is party is valid and binding and no notice of termination of any such contract has been received or served by NCT or NCT Audio or, as the case may be DMC. (2) Neither NCT nor NCT Audio nor DMC nor any other party to any agreement with NCT or NCT Audio or DMC is in default thereunder, and NCT is not aware of any invalidity or gr...
Accounts The Audited Accounts. (1) were prepared in accordance with the requirements of all relevant statutes and accounting practices generally accepted in the relevant jurisdiction at the time they were audited;
Accounts The Audited Accounts. (1) were prepared in accordance with the requirements of all relevant statutes and accounting practices generally accepted in Singapore at the time they were audited;
