Common use of VALUATION OF STOCK Clause in Contracts

VALUATION OF STOCK. In the Accounts:- (a) stock was valued in the same way as in the two preceding financial years and on the basis of the lower of cost and net realisable value; and (b) all redundant and obsolete stock was written off and full provision was made for all slow-moving and damaged stock.

Appears in 2 contracts

Samples: Agreement for the Sale and Purchase of Shares (Big Flower Holdings Inc/), Agreement for the Sale and Purchase of Shares (Big Flower Holdings Inc/)

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VALUATION OF STOCK. In the Accounts:-Accounts: (a) stock was valued in the same way as in the two preceding financial years and on the basis of the lower of cost and net realisable value; and (b) all redundant and obsolete stock was written off and full provision was made for all slow-moving and damaged stock.

Appears in 1 contract

Samples: Share Purchase Agreement (Galen Holdings PLC)

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