Annual Reports Act (1995 Sample Clauses

Annual Reports Act (1995. 1554) The Annual Reports Act is the law in Swedish legislation which concerns corporations’ obligation to keep, and make public, annual reports, interim reports and consolidated financial statements (SFS (1995:1554)). It further add to the burden concerning accounting that corporations have, however the positive side of it is that it helps increase the insight for the tax authorities. When it is defined in accordance with chapter 1 of the Annual Reports Act that there is a corporate group situation, then some obligations arise, which are stated in chapter 7 in the annual reports act. The first paragraph in this chapter declares that all parent companies have to, unless the exceptions in paragraph 2 and 3 are applicable, conduct consolidated accounts. It is not however only chapter 7 that declares liabilities on companies which are a part of a corporate group. Paragraph 7 in chapter 5 declares that parent companies and subsidiary companies must specify how large part of the sales and purchases performed during the financial year that has been conducted with other corporations within the MNE. If a parent company is included in the exceptions from conducting consolidated accounts, they still need to leave information concerning internal profits that have arise from transactions that have been performed within the MNE (SFS (1995:1554)). According to paragraph 12a in chapter 5, all large corporations have to keep information about the essential transactions performed within the MNE, however exceptions are to be made. What this information shall entail is stated in paragraph 12b, chapter 5 (SFS (1995:1554)). - The total amount of the transaction and what kind of transaction it is, - What kind of relationship the both involved corporations have, and - Other information regarding the transaction, which is relevant to make a judgment of the position of the corporation (SFS (1995:1554)). If the parent company of a MNE is covered by Article 4 of Regulation (EC) No 1606/2002, there are some retrenchments of the regulations in the Annual Reports Act (SFS (1995:1554)). Article 4 states that for every financial year that starts after the 1st of January 2005 corporations, which are governed by the law of a member state, have to follow the international accounting standards which have been adopted in accordance with Article 6.2 in the same regulation. It is one condition that needs to be fulfilled for this to be accurate, the corporations securities have to be traded on a ...
Sample 1
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Related to Annual Reports Act (1995

  • Annual Reporting Within 90 days after the close of each of its respective fiscal years, audited, unqualified consolidated financial statements (which shall include balance sheets, statements of income and retained earnings and a statement of cash flows) for Provider for such fiscal year certified in a manner acceptable to the Agent by independent public accountants acceptable to the Agent.

  • Public Entity Crime Act CONTRACTOR represents that the execution of this Agreement will not violate the Public Entity Crime Act, Section 287.133, Florida Statutes, as may be amended from time to time, which essentially provides that a person or affiliate who is a CONTRACTOR, consultant, or other provider and who has been placed on the convicted vendor list following a conviction for a public entity crime may not submit a bid on a contract to provide any goods or services to CITY, may not submit a bid on a contract with CITY for the construction or repair of a public building or public work, may not submit bids on leases of real property to CITY, may not be awarded or perform work as a CONTRACTOR, supplier, subcontractor, or consultant under a contract with CITY, and may not transact any business with CITY in excess of the threshold amount provided in Section 287.017, Florida Statutes, as may be amended from time to time, for category two purchases for a period of 36 months from the date of being placed on the convicted vendor list. Violation of this section shall result in termination of this Agreement and recovery of all monies paid by CITY pursuant to this Agreement, and may result in debarment from CITY’s competitive procurement activities. In addition to the foregoing, CONTRACTOR further represents that there has been no determination, based on an audit, that it committed an act defined by Section 287.133, Florida Statutes, as a “public entity crime” and that it has not been formally charged with committing an act defined as a "public entity crime" regardless of the amount of money involved or whether CONTRACTOR has been placed on the convicted vendor list.

  • Annual Reports As soon as practicable, and in any event within ninety (90) days after the end of each fiscal year, (i) the consolidated balance sheet of the Company and its Subsidiaries as at the end of such fiscal year and the related consolidated statements of income, stockholders’ equity and cash flows of the Company and its Subsidiaries for such fiscal year, and in comparative form the corresponding figures for the previous fiscal year along with consolidating schedules in form and substance sufficient to calculate the financial covenants set forth in Section 7.18 and (ii) an audit report on the consolidated financial statements (but not the consolidating financial statements or schedules) listed in clause (i) hereof of independent certified public accountants of recognized national standing, which audit report shall be unqualified and shall state that such financial statements fairly present the consolidated financial position of the Company and its Subsidiaries as at the dates indicated and the results of their operations and cash flows for the periods indicated in conformity with Agreement Accounting Principles and that the examination by such accountants in connection with such consolidated financial statements has been made in accordance with generally accepted auditing standards. The deliveries made pursuant to this clause (ii) shall be accompanied by (x) any management letter prepared by the above-referenced accountants, and (y) a certificate of such accountants that, in the course of their examination necessary for their certification of the foregoing, they have obtained no knowledge of any Default or Event of Default, or if, in the opinion of such accountants, any Default or Event of Default shall exist, stating the nature and status thereof.

  • Annual Report Within 90 days after each April 15, starting in the year after the Closing Date, the Indenture Trustee will prepare and mail to each Noteholder a report dated as of April 15 of the applicable year that complies with Section 313(a) of the TIA, if the report is required under Section 313(a) of the TIA. The Indenture Trustee will also prepare and mail to the Noteholders any report required under Section 313(b) of the TIA. A report mailed to the Noteholders under this Section 7.4(a) will be mailed according to Section 313(c) of the TIA.

  • Quarterly Reporting Timeframes Quarterly reporting timeframes coincide with the State Fiscal Year as follows: Quarter 1 - (July-September) – Due by October 10 Quarter 2 - (October-December) – Due by January 10 Quarter 3 - (January-March) – Due by April 10 Quarter 4 - (April-June) – Due by July 10

  • COMPLIANCE WITH EQUAL EMPLOYMENT OPPORTUNITY ORDINANCE 2.16.1 Contractor shall comply with City’s Equal Employment Opportunity Ordinance as set out in in Section 15-17 of the Code of Ordinances.

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