Preparation of the Accounts Sample Clauses

Preparation of the Accounts. The Accounts have been prepared in accordance with Dutch GAAP consistently applied and the applicable Laws. On that basis, the Accounts give a true and accurate view of the state of affairs, the assets and liabilities, and the profits and losses of the Group for the year ended on the Accounts Date.

Preparation of the Accounts. 6.1. The Accounts: (a) have at all times been kept on a proper and consistent basis in accordance with Applicable Law, and no change in the methods or bases of valuation or accountancy treatment have been made during the six years prior to the Accounts Date; (b) are up to date, and contain complete and accurate details of the business of the Group Company concerned and of all matters required by Applicable Law to be entered in them; (c) have been prepared in accordance with the requirements of all relevant statutes and generally accepted Belgium accounting practices including, without limitation, Applicable Law and all applicable accounting principles, methods and practices generally accepted and current at the relevant Accounts Date in the jurisdiction in which, in the case of each Group Company, that Group Company was incorporated; (d) have (i) at all times been validly adopted, and (ii) together with the annual report, auditor’s report and any other relevant information, been duly and timely filed with the National Bank of Belgium in accordance with Applicable Law; (e) contain no material omissions and give a true and fair view of the assets, liabilities and state of affairs of each Group Company at the Accounts Date and the profits or losses of each Group Company for the financial period ending on that date in accordance with the relevant financial reporting framework; (f) fully disclose all liabilities as at the Accounts Date, whether actual or contingent and whether or not unquantified or disputed, and make proper and adequate provision and/or reserve for such liabilities; (g) fully disclose all financial commitments in existence as at the Accounts Date; (h) make full provision for all bad and doubtful debts as at the Accounts Date; and (i) make proper provision in respect of dead, slow moving, obsolete, redundant or excess inventory and/or work-in-progress, and the value attributed to the remaining inventory and/or work-in-progress does not exceed the lower of direct cost or net realisable value as at the Accounts Date. 6.2. Neither the profits nor the financial position of any Group Company during the six years ending on the date of this Agreement have been affected by any contract or arrangement that was not on arm’s length terms and, in particular, no Group Company is, liable under Applicable Law to transfer or return any asset held by it to another person or to compensate another person in respect of that asset.