Financial year and annual accounts. 6.1 The financial year of the C.V. will coincide with the calendar year; provided that for United States federal income tax purposes the C.V. will have a tax year ending on June 30.
6.2 Within five months after the end of the financial year, or after termination of the C.V., the Managing Partner will draw up the (annual) accounts of the C.V. consisting of a balance sheet and a profit and loss account with explanatory notes thereon. The annual accounts of the C.V. shall be prepared in the English language and in accordance with generally accepted accounting principles, as determined by the Managing Partner. The annual accounts shall within said period of five months be submitted to the Partners for approval.
6.3 The C.V. shall prepare and timely file all tax returns required to be filed by the C.V., including all applicable U.S. tax returns. Each Partner shall furnish to the C.V. all pertinent information in its possession relating to the C.V’s operations that is necessary to enable the C.V.’s tax returns to be timely prepared and filed. With respect to the U.S. Form 1065, the C.V. shall deliver to each Member within 90 calendar days after the end of the applicable tax year, a Schedule K-1 together with such additional information as may be required by the Partners in order to file their individual returns reflecting the C.V.’s operations. The C.V. shall bear the costs of the preparation and filing of its tax returns.
Financial year and annual accounts. 11.1 The financial year of the Foundation corresponds to the calendar year.
11.2 Every year, within six months of the end of the financial year, the Board draws up the annual accounts. Within this term, the Board also draws up an annual report and ensures the availability of the statement of the auditor on his/her findings, as well as the audit report by the auditor.
11.3 The annual accounts consist of a balance sheet, a profit and loss account and an explanation. The regulations referred to in Article 5.6 and 10.1 may include provisions concerning other subjects that should be addressed in the annual report, which may include a report from the Board of Directors.
11.4 The annual accounts are signed by the members of the Board, unless it is recorded in the minutes that the Board authorises one of the members of the Board to sign on behalf of the Board.
11.5 The Board shall commission an auditor to audit the annual accounts and shall formulate the appropriate instructions. Article 2:393 of the Dutch Civil Code shall apply mutatis mutandis as far as possible.
11.6 If the Foundation maintains one or more enterprises as referred to in Article 2:360 paragraph 3 of the Dutch Civil Code and meets the other criteria set out in that legal provision, then the provisions of Articles 2:299a and 2:300 of the Dutch Civil Code shall also apply to its annual accounts, as well as the provisions of Book 2, Title 9 of the Dutch Civil Code.
11.7 The Board draws up an annual budget. The budget is specified in accordance with the expenditure goals as referred to in Article 3.1 and 3.2 of these Articles of Association. The budget for a specific year shall be adopted by the Board at least six weeks before the start of the financial year concerned.
11.8 The annual accounts, the Board report and the audit report are deposited at the Foundation’s office for inspection by the employers and employees involved with the Foundation, published on the website and published at one or more locations specified by the Minister of Social Affairs and Employment. Parties with an interest in the Foundation, including the employers and employees, may request these documents on payment of the appropriate costs.
Financial year and annual accounts. 17.1 The Company’s financial year shall be the calendar year.
17.2 Annually, not later than five months after the end of the financial year, unless by reason of special circumstances this period is extended by the Shareholders’ Body by not more than six months, the Management Board shall prepare annual accounts and deposit the same for inspection by the Shareholders at the Company’s office.
17.3 Within the same period, the Management Board shall also deposit the annual report for inspection by the Shareholders, unless Section 2:396, subsection 6 or Section 2:403 of the Dutch Civil Code applies to the Company.
17.4 The annual accounts shall consist of a balance sheet, a profit and loss account and explanatory notes.
17.5 The annual accounts shall be signed by the Management Board members. If the signature of one or more of them is missing, this shall be stated and reasons for this omission shall be given.
17.6 The Company may, and if the law so requires shall, appoint an accountant to audit the annual accounts. Such appointment shall be made by the Shareholders’ Body.
17.7 The Shareholders’ Body shall adopt the annual accounts.
17.8 The Shareholders’ Body may grant full or limited discharge to the Management Board members for the management pursued.
Financial year and annual accounts. 6.1 The financial and tax year of the C.V. will coincide with the calendar year.
6.2 After the end of the financial year, or after termination of the C.V., the Managing Partner will draw up (annual) financial statements of the C.V., in such form as determined by the Managing Partner. The financial statements of the C.V. shall within eight months after the end of the financial year be submitted to the Partners for approval, unless the Partners have approved an extension of such period.
6.3 The C.V. shall prepare and timely file all tax returns required to be filed by the C.V. Each Partner shall furnish to the C.V. all pertinent information in its possession relating to the C.V’s operations that is necessary to enable the C.V.’s tax returns to be timely prepared and filed. The C.V. shall bear the costs of the preparation and filing of its tax returns.
