The Audited Accounts. 5.1. A true, complete and fair copy of the Audited Accounts is annexed to the Disclosure Letter.
5.2. The Audited Accounts were prepared under the historic cost convention and complied with, and were prepared in accordance with, all applicable accounting requirements, and have been carefully prepared on a basis consistent with generally accepted accounting practices and policies in the United Kingdom.
The Audited Accounts. (a) give a true and fair view of the assets and liabilities of the Company as at the Accounts Date and of its profits for the financial period ended on the Accounts Date;
(b) fully disclose all the assets of the Company as at the Accounts Date;
(c) make provision for, reserve for or disclose, as appropriate, all liabilities, whether actual, contingent, unquantified or disputed, all capital commitments, whether actual or contingent, and all bad or doubtful debts of the Company as at the Accounts Date in accordance with all relevant accounting requirements, and
(d) make provision for or reserve for deferred taxation in accordance with all applicable accounting requirements.
The Audited Accounts. (A) have been prepared in accordance with GAAP and comply with the Companies Axx 0000, as amended and with accounting standards, policies, principles and practices generally accepted in the UK;
(B) show a true and fair view of the assets, liabilities, financial position and state of affairs of each member of the Group as at the Balance Sheet Date and of the profits or losses of each member of the Group for the financial year ended on the Balance Sheet Date;
(C) have been audited in accordance with the provisions of the Companies Axx 0000, as amended;
(D) include full provision or reserve as required by GAAP for all Tax (and for any contingent or deferred liability to Tax) which has been or may be assessed or for which any Group Company may become accountable in respect of any act, omission, or event (whether of any Group Company or any other person) up to and including the Balance Sheet Date;
(E) include specific identification as required by GAAP of all material non-recurring items of expenditure or income, transactions of an unusual nature or entered into otherwise than on normal commercial terms and any other factors rendering any Group Company profit or loss for all or any part of such periods unusually high or low; and
(F) have been prepared on a consistent basis and using consistent accounting practice for the previous three financial years ended on the Balance Sheet Date.
The Audited Accounts. 2.2.1 give a true and fair view of the assets, liabilities and state of affairs of the Company at the Balance Sheet Date and of the results thereof for the financial period ended on that date;
2.2.2 comply with the requirements of any applicable Norwegian statutes and with all statements of standard accounting practice and generally accepted accounting principles of Norway then in force;
2.2.3 make full provision for or disclose all liabilities, whether actual, contingent or disputed, of the Company at the Balance Sheet Date.
The Audited Accounts. 7.1.6.1 comply with the requirements of the Companies Act;
7.1.6.2 have been prepared in accordance with IFRS;
7.1.6.3 fairly present the financial position, operations and results of the Group as at the close of business at the end of the financial period to which they relate;
7.1.6.4 save as noted therein, reflect no change in any of the bases of accounting or accounting principles used in respect of any material item;
7.1.6.5 reflect or disclose all liabilities, actual or contingent, at their full amount;
7.1.6.6 adequately provide for bad and doubtful debts as well as for any and all accrued liabilities including accrued leave pay, accrued holiday pay, pensions, bonuses or other similar payments or liabilities to employees;
7.1.6.7 have been reported on by the auditors of the Group without any qualification other than in respect of post-balance sheet events; and
7.1.6.8 have been approved and signed by the directors of the Company.
The Audited Accounts. 2.1 comply with the requirements of the Companies Acts and all relevant statutory instruments;
2.2 have been prepared in accordance with generally accepted accounting principles and practices and comply with all current SSAPs and Financial Reporting Standards applicable to a UK company;
The Audited Accounts. The Representatives and the Expert shall be obliged to treat any and all information provided by the Company to the Representatives or the Expert as highly confidential non-public, price sensitive information, and shall not disclose such information to any person in any circumstances whatsoever (other than to any CVR Representative Adviser appointed in accordance with clause 5.11). The Representatives shall receive such information in their capacity as directors, officers or employees of the Company and shall be required to maintain such confidentiality in accordance with the terms of their engagement or employment by the Company. The Company may require the Expert to enter into a customary non-disclosure agreement prior to disclosing the relevant information to the Expert.
The Audited Accounts. (1) were prepared on a basis in compliance and consistent with all applicable Laws and accounting standards and practices generally adopted in Hong Kong and generally adopted by companies carrying on a similar business to that of the Group at the time of preparation, and were prepared on a consistent basis with the audited consolidated financial statements of the accounting periods of the Group for the three years ended on the Audited Accounts Date.
(2) disclose a true and fair view of the assets and liabilities of the Group as at the Audited Accounts Date and of its profits and losses for the financial year ended on the Audited Accounts Date.
(3) make proper or full provision for all established liabilities, and make proper and adequate provision for all deferred or contingent liabilities (whether liquidated or unliquidated) and all actual or contingent capital commitments of the Group at the Audited Accounts Date (or contain a note in accordance with generally accepted accounting practice).
(4) give a true and fair view of the state of affairs and financial situations of the Group as at the Audited Accounts Date and its profit or loss of the Group for the financial year ended on that date and there have not occurred any event which results in the results of the Group during the reporting period of the Audited Accounts to be exceptionally high or low; and
(5) not adversely affected by abnormal, exceptional or extraordinary items not having been disclosed in the Accounts.
The Audited Accounts. (1) were prepared in accordance with the requirements of all relevant Laws and accounting practices generally accepted in the United Kingdom at the time they were audited;
(2) show a true and fair view of the assets and liabilities of the Company as at, and the profits of the Company for the accounting reference period ended on, the Accounts Date;
(3) apply bases and policies of accounting which have been consistently applied in the audited financial statements of the Company.
The Audited Accounts. 4.2.1 give a true and fair view of the state of affairs of the Group at the Accounts Date and the profits or losses of the Group for the financial period ending on that date;
4.2.2 disclose, to the extent required by UK GAAP, all the assets of the Company as at the Balance Sheet Date;
4.2.3 make reasonable and adequate provision for all actual liabilities of the Company as at the Balance Sheet Date;
4.2.4 make proper provision (or note in accordance with good accounting practice) for all material contingent liabilities of the Company as at the Balance Sheet Date;
4.2.5 make adequate provision for all bad and doubtful debts of the Company as at the Balance Sheet Date;
