Examples of Combined Financial Statements in a sentence
Assumptions made in preparation of the Combined Financial Statements shall be disclosed in ‘Basis of Preparation’ of such statements.
However, if the discrete financial information for such assets is also available for the pre-holding period (i.e. the period before the acquisition by the sponsor or its associates or its group entities), then such assets shall be reflected in the Combined Financial Statements for such pre-holding period as well.
The basis of preparation shall also explain the principles of combination and elimination of transactions amongst entities that are included in the Combined Financial Statements.
See exempt filing the guidance furnished in Consolidated and Combined Financial Statements Section of these instructions and exempt filing #11 for documentation requirements in the Exceptions/Exemptions Documentation Requirements Matrix.
For more information, see Note 2, “Basis of presentation and significant accounting policies”, to the Interim Combined Financial Statements.