Reference Accounts definition

Reference Accounts means (i) the audited balance sheet and profit and loss statement as of 30 June 2012; (ii) the unaudited balance sheet and profit and loss statement as of 31 December 2012; and (iii) the pro-forma balance sheet and profit and loss account as at 31 March 2013. These reference accounts are of the Company and are set out in Schedule 3;

Reference Accounts means the unaudited financial statements of the Company as of the Reference Date.

Reference Accounts mean the balance sheets relating to:

Examples of Reference Accounts in a sentence

• The Estimated Purchase Price is based on the Reference NAV as per the Reference Accounts.

• The Seller shall not be liable in respect of a Claim to the extent that the matter or circumstance giving rise to that Claim was taken into account in the Reference Accounts or is otherwise reflected in the Reference Accounts (including by way of a specific provision, allowance or reserve, or by way of a specific note or a statement in any report forming part of the Reference Accounts).

• The Reference Accounts and the other financial information concerning the EL Business provided included in Appendix 13a (the “Financial Information”), has been prepared with U.S. generally accepted accounting principles (“U.S. GAAP”) consistently applied by the Subsidiary / the Parent Company, and the Financial Information fairly present in all material respect the financial position and performance of the EL Business, as per the dates and for the periods specified in such Financial Information.

• The parties agree that Actual Sales and Actual Gross Margin shall be as stated in the Reference Accounts once the Reference Accounts are agreed or determined in accordance with the procedures set out in Schedule 3.

More Definitions of Reference Accounts

Reference Accounts means the accounts as of May 2012 which is attached as Appendix 11b.

Reference Accounts means the Financial Statements for the period ended 31 December 2011.

Reference Accounts means, for each Measurement Period, –

Reference Accounts means the consolidated balance sheet, profit and loss statement of Komark BVI Group established on the basis of the financial statements stipulated in the SPA, in accordance with the relevant accounting laws and regulations in the jurisdiction of each of the Komark BVI Group companies, adjusted according to the International Financial Reporting Standards principles, audited and certified by the auditors of Komark BVI Group and confirmed by the auditor of the Purchaser as of 31 December 2015 and accompanied by the reports of Komark BVI's statutory auditors for the fiscal year ended in 31 December 2015.

Reference Accounts has the meaning given to it in Article 7.4.1 below.

Reference Accounts in relation to each Earn-out Period, the audited consolidated accounts of the Company and the US Subsidiary for such Earn-out Period and prepared in accordance with UK GAAP in force for that Financial Year and otherwise in accordance with this Schedule.

Reference Accounts means the unaudited, unreviewed and unconsolidated financial statements of each of the Company and U1USA as of and for the year ended December 31, 2019 and 2020, and the unaudited, unreviewed and consolidated balance sheet and income statement of the Company as of and for the six month period ended on the Reference Date.