Provision for Liabilities. (a) Full provision has been made in the Financial Statements for all actual liabilities of the Group outstanding at the Balance Sheet Date and proper provision (or note) in accordance with HKFRS at the time they were audited has been made therein for all other liabilities of the Group then outstanding in relation to the Business (whether contingent, quantified, disputed or not).
(b) Full provision has been made in the Interim Statements and the Management Accounts for all actual liabilities of the Group outstanding at the Interim Balance Date and the Management Accounts Date respectively, and proper provision (or note) in accordance with HKFRS has been made therein for all other liabilities of the Group then outstanding in relation to the Business (whether contingent, quantified, disputed or not).
(c) No member of the Group has any material liabilities except for: (i) liabilities set forth on the face of the Financial Statements; and (ii) liabilities incurred in the ordinary course of business since the Balance Sheet Date (none of which results from, arises out of or relates to any breach or violation of, or default under, any obligations under any contract to which such member of the Group is a party or any applicable Law).
Provision for Liabilities. Provision or reserve has been made in the Audited Accounts for liabilities and capital commitments of the Company outstanding at the Balance Sheet Date in accordance with Accounting Practice in force at the time they were prepared.
Provision for Liabilities. The Audited Accounts make full provision or reserve for or disclose (as appropriate) all liabilities (including contingent and disputed liabilities) deferred tax and all capital commitments of the Companies as at the Balance Sheet Date, indicate clearly which of those liabilities are not usually provided for or reserved, and make full provision for all bad debts and adequate reserve for all doubtful debts.
Provision for Liabilities. Full and proper provision has been made in the Accounts for all material liabilities of the Company outstanding at the Accounts Date and proper provision (or note) in accordance with the Accounting Standards at the time they were prepared has been made therein for all other material liabilities of the Company.
Provision for Liabilities. Full and proper provision has been made in the Audited Accounts for all material liabilities of the Company outstanding at the Accounts Date and proper provision (or note) in accordance with generally accepted accounting principles in the United Kingdom at the time they were audited has been made therein for all other material liabilities of the Company.
Provision for Liabilities. Full disclosure of and adequate provisions for all liabilities (whether actual, contingent or otherwise) and all material financial commitments in existence at the Last Accounting Date have been made in the Accounts.
Provision for Liabilities. Full provision has been made in the Audited Accounts for all actual liabilities of the Warthog Group outstanding at the Balance Sheet Date and proper provision (or note) in accordance with generally accepted accounting principles in the United Kingdom at the time they were audited has been made therein for all other liabilities of the Warthog Group then outstanding whether contingent, quantified, disputed or not including (without limitation):
5.3.1. the cost of any work or material for which payment has been received or credit taken;
5.3.2. any future loss which may arise in connection with uncompleted contracts; and
5.3.3. any claims against the Warthog Group in respect of completed contracts.
Provision for Liabilities. Full provision has been made in the Audited Accounts for all material actual liabilities of the Parent and the Subsidiary outstanding at the Balance Sheet Date and proper provision (or note) in accordance with generally accepted accounting principles has been made therein for all other liabilities of the Parent and the Subsidiary then outstanding whether contingent, quantified, disputed or not, including (without limitation) the cost of any work or material for which payment has been received or credit taken, any future loss which may arise in connection with uncompleted contracts and any claims against the Parent and/or the Subsidiary in respect of completed contracts and, taken as a whole, the aggregate liabilities of the Parent and the Subsidiary are not materially higher than as disclosed in the Audited Accounts.
Provision for Liabilities. Full provision has been made in the Audited Accounts for all material liabilities of the Company outstanding at the Balance Sheet Date and adequate provision (or note) in accordance with generally accepted accounting principles in the United Kingdom and the United States, as the case may be at the time they were audited, has been made therein for all other liabilities of the Company then outstanding whether contingent, quantified, disputed or not including (without limitation) the cost of any work or material for which payment has been received or credit taken, any future loss which may arise in connection with uncompleted contracts and any claims against the Company in respect of completed contracts.
Provision for Liabilities. Proper provision or reserve has been made in the Accounts for all actual liabilities of the Company outstanding at the date(s) to which such accounts are made up and proper provision (or note) in accordance with and to the extent required by generally accepted accounting principles in the United Kingdom at the time they were audited has been made therein for all other liabilities of the Company then outstanding whether contingent, quantified, disputed or not.
