Discussion and Analysis of Financial Condition and Results of Operations Sample Clauses

Discussion and Analysis of Financial Condition and Results of Operations presents fairly and accurately the factors that the management of the Company believes have, in the past, and may, in the foreseeable future, affect the financial condition and results of operations of the Company;

Discussion and Analysis of Financial Condition and Results of Operations accurately and fully describe (i) (a) the accounting policies that the Company believes to be the most important in the portrayal of the Company’s financial condition and results of operations and which require management’s most difficult, subjective or complex judgments (“Critical Accounting Policies”); (b) the uncertainties affecting the application of Critical Accounting Policies; and (c) an explanation of the likelihood that materially different amounts would be reported under different conditions or using different assumptions; and (ii) all material trends, demands, commitments, events, uncertainties and risks, and the potential effects thereof, that the Company believes would materially affect liquidity and are likely to occur. The Company is not engaged in any transactions with, nor has any obligations to, any unconsolidated entities (if any) that are contractually limited to narrow activities that facilitate the transfer of or access to assets by them respectively, including structured finance entities and special purpose entities, nor otherwise engages in, or has any obligations under, any off-balance sheet transactions or arrangements. As used herein, the phrase ‘likely’ refers to a disclosure threshold lower than more likely than not; and the description set out in the Offer Documents, under the section “Management’s

Discussion and Analysis of Financial Condition and Results of Operations accurately and fully describe and will accurately and fully describe, as the case may be: (i) (a) the accounting policies that the Company believes to be the most important in the portrayal of the Company’s financial condition and results of operations and which require management’s most difficult, subjective or complex judgments (“Critical Accounting Policies”), (b) the uncertainties affecting the application of Critical Accounting Policies, and (c) an explanation of the likelihood that materially different amounts would be reported under different conditions or using different assumptions; and (ii) all material trends, demands, commitments, events, uncertainties and risks, and the potential effects thereof, that the Company believes would materially affect liquidity and are reasonably likely to occur. The Company is not engaged in any transactions with, nor has any obligations to, any unconsolidated entities (if any) that are contractually limited to narrow activities that facilitate the transfer of or access to assets by the Company, including structured finance entities and special purpose entities, nor otherwise engages in, nor has any obligations under, any off-balance sheet transactions or arrangements. As used herein, the phrase reasonably likely refers to a disclosure threshold lower than more likely than not; and the description set out in the Issue Documents, under the section “Management’s

Discussion and Analysis of Financial Condition and Results of Operations. Bold italics indicate the first reference to a defined term. This Annual Report to Shareholders contains “forward-looking statements,” as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements should be read with the cautionary statements included in this Management’s Discussion and Analysis of Financial Condition and Results of Operations on page 30, under the heading Safe Harbor for Forward-Looking Statements. Forward-looking statements are all statements, other than those of historical fact, including those statements containing words such as, but not limited to, “estimates,” “expects,” “anticipates,” “intends,” “believes,” “plans,” variations of these words and similar expressions. This management’s discussion should be read in conjunction with the company’s Consolidated Financial Statements and Notes thereto. Established in 1848, Washington Gas and its subsidiaries sell and deliver natural gas and a variety of energy- related products and services to customers in metropolitan Washington, D.C., Maryland, Virginia and beyond. The company’s core business, the distribution and sale of natural gas, is primarily regulated by state regulatory commissions. In response to federal and state changes in regulation, the company has taken the initiative to offer competitively priced gas and electricity to customers. The company also offers energy-related products and services that are closely related to its core business. The majority of these energy-related activities are performed by wholly owned subsidiaries of Washington Gas Resources Corp. (Washington Gas Resources). On November 1, 2000, Washington Gas Resources became a wholly owned subsidiary of WGL Holdings (see Note 2 to the Consolidated Financial Statements for additional details regarding the restructuring). During the fiscal years ended September 30, 2000, 1999 and 1998, Washington Gas reported on four major business segments: 1) regulated utility; 2) retail energy marketing; 3) heating, ventilating and air conditioning (HVAC); and 4) consumer financing. These four segments are described below: Regulated Utility. With nearly 95 percent of the corporation’s assets, Washington Gas delivers natural gas to retail customers in accordance with tariffs set by state regulatory commissions that have regional jurisdiction over the company’s rates. These rates provide the regulated utility an opportunity to earn a reasonable rate of return for the service on the investment devo...

Discussion and Analysis of Financial Condition and Results of Operations. The following discussion of our financial condition and results of operations should be read in conjunction with our consolidated financial statements as of December 31, 2017 and December 31, 2016.

Discussion and Analysis of Financial Condition and Results of Operations. The following discussion of our financial condition and results of operations should be read in conjunction with the Combined Financial Statements and the notes thereto of Comcel and the other Note Guarantors presented in accordance with IFRS, included elsewhere in this offering memorandum, as well as the information presented under “Presentation of Financial and Other Information,” and “Selected Financial and Other Information.” The following discussion contains forward-looking statements that involve risks and uncertainties. Our actual results may differ materially from those discussed in forward-looking statements as a result of various factors, including those set forth in “Cautionary Statement Regarding Forward-Looking Statements” and “Risk Factors.”