The 2015 Accounts Clause Samples

The 2015 Accounts. (a) are complete and accurate in all respects and give a true and fair view of the assets and liabilities of the Group as at the date to which it is made up and its profits or loss and cashflow for the financial period ended on that date; (b) comply with the requirements of all applicable laws and regulations; (c) are prepared in accordance with the generally accepted accounting principles in Hong Kong and the PRC; (d) are not affected by any extraordinary, exceptional, unusual or non-recurring item; (e) properly reflect the financial position of the Group as at the date to which it is made up; (f) fully disclose all the assets and liabilities of the Group as at the date to which it is made up; (g) make full provision or reserve or note in accordance with the generally accepted accounting principles in Hong Kong and the PRC for all liabilities and capital commitments of the Group outstanding as at the date to which it is made up including deferred, contingent, unqualified or disputed liabilities; (h) make adequate provision for depreciation of assets, having regard to their original cost and estimated life; (i) make provision or reserve, in accordance with the principles set out in the notes included in the 2015 Accounts for all Taxation liable to be assessed on the Group in connection with its business, or for which it may be accountable, in respect of the period ended on the relevant date and such provision is sufficient to cover all Taxation assessed or liable to be assessed in relation to the Group and its business in respect of profits, income-earnings, receipts, transfers, events and transactions up to and including the relevant date; and