Common use of Audited annual report Clause in Contracts

Audited annual report. Within one hundred and twenty (120) days after the end of each Calendar Year, the Contractor shall prepare financial statements reflecting its operations under the Agreement during the previous year. Such statements should include: (a) Statement of Financial Position/ Balance Sheet; (b) Statement of income and expenditure/ Profit and Loss statement; (c) Statement of changes in equity; (d) Statement of Cash flows; and (e) Any other financial information as directed by the Minister.

Appears in 2 contracts

Samples: Production Sharing Agreement, Production Sharing Agreement

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Audited annual report. Within one hundred and twenty (120) calendar days after the end of each Calendar Year, the Contractor shall prepare financial statements reflecting its operations under the Agreement during the previous year. Such statements should includeshall include at minimum: (a) Statement of Financial Position/ Balance Sheet; (b) Statement of income and expenditure/ Profit and Loss statement; (c) Statement of changes in equity; (d) Statement of Cash flows; and (e) Any other financial or other related information as directed by the Minister.

Appears in 1 contract

Samples: Production Sharing Agreement

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Audited annual report. Within one hundred and twenty (120) calendar days after the end of each Calendar Year, the Contractor shall prepare financial statements reflecting its operations under the Agreement during the previous year. Such statements should shall include, at minimum: (a) Statement of Financial Position/ Balance Sheet; (b) Statement of income and expenditure/ Profit and Loss statement; (c) Statement of changes in equity; (d) Statement of Cash flows; and (e) Any other financial or other related information as directed by the Minister.

Appears in 1 contract

Samples: Production Sharing Agreement

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