Common use of Interim Statements Clause in Contracts

Interim Statements. The Interim Statements: (a) have been prepared on a recognised and consistent basis and in accordance with the requirements of all relevant Law and HKFRS; (b) comply with all applicable Law, and are not affected by any unusual or non-recurring items and do not include transactions not normally undertaken by the relevant member of the Group (save as disclosed in such accounts); (c) have been prepared in good faith, are not misleading and fairly present in all material respects, and do not materially misstate: (i) the assets and liabilities of the Group as at the Interim Balance Date; and (ii) the profits and losses and cash flows of the Group for that period ending on the Interim Balance Date, using the same accounting policies as adopted in the Financial Statements applied on a consistent basis (except that the period end adjustments which would arise on an audit have not been made, but which should not have a material impact to the profit and loss or the financial position of the Group); and (d) as at the Interim Balance Date: (i) make full provision for all actual liabilities; (ii) disclose all contingent liabilities required to be disclosed by HKFRS; and (iii) make provision reasonably regarded as adequate for all bad and doubtful debts.

Interim Statements. The Interim Statements: (a) have been prepared on a recognised and consistent basis and in accordance with the requirements of all relevant Law and HKFRS; (b) comply with all applicable Law, and are not affected by any unusual or non-recurring items and do not include transactions not normally undertaken by the relevant member of the Group (save as disclosed in such accounts); (c) have been prepared in good faith, are not misleading and fairly present in all material respects, and do not materially misstate: (i) the assets and liabilities of the Group as at the Interim Balance Date; and (ii) the profits and losses and cash flows of the Group for that period ending on the Interim Balance Date, using the same accounting policies as adopted in the Financial Statements applied on a consistent basis (except that the period end adjustments which would arise on an audit have not been made, but which should not have a material impact to the profit and loss or the financial position of the Group); and (d) as at the Interim Balance Date: (i) make full provision for all actual liabilities; (ii) disclose all contingent liabilities required to be disclosed by HKFRSXXXXX; and (iii) make provision reasonably regarded as adequate for all bad and doubtful debts.