TCL Financial Statements definition

TCL Financial Statements means the balance sheet and statement of operating income for the TCL Business as at and for (a) the fiscal year ended December 31, 2002, as set out in Schedule 1.1(m) and (b) the fiscal year ended December 31, 2003, as set out in Schedule 1.1(m), and including all notes, reports, statements and other documents annexed to and which form part of them (not provided to Thomson prior to the date of execution hereof).
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Examples of TCL Financial Statements in a sentence

  • The basis of depreciation adopted in the TCL Financial Statements in respect of fixed assets has been consistently applied in the TCL Financial Statements.

  • The rate of depreciation adopted in the TCL Financial Statements is according to Hong Kong GAAP.

  • The TCL Financial Statements set forth true, correct and complete copies of the unaudited financial statements of the TCL Business, containing a balance sheet, statement of operating income and statement of operating cash flows as at and for the relevant periods ended the relevant TCL Financial Statements Date.

  • The TCL Financial Statements comply in all material respects with applicable accounting requirements and have been prepared in accordance with Hong Kong GAAP consistently applied throughout the periods involved and properly adjusted as specifically set forth in the footnotes of such TCL Financial Statements.

  • The TCL Financial Statements reflect a fair, proportionate and proper allocation of common costs incurred by the TCL Group for shared goods, services and rights a part of which have been used or consumed in relation to the TCL Business and such allocation also complies with Hong Kong GAAP.

  • The TCL Financial Statements present fairly and properly the combined financial condition of the TCL Business as at their respective TCL Financial Statements Dates, on a standalone basis, and the combined financial operating results of the operations of the TCL Business during the respective periods then ended, on a standalone basis.

  • All of the book debts and Accounts Receivable of the TCL Business, whether shown in the TCL Financial Statements or arising since the TCL Financial Statements Date, are valid and enforceable and have realized or will in the aggregate realize the nominal amount thereof.

  • The profits and losses of the TCL Business shown by the TCL Financial Statements in respect of the period covered by such TCL Financial Statements have not in any material respect been affected by any unusual or non-recurring or exceptional item, except as expressly and fully and fairly disclosed in the notes to the relevant TCL Financial Statements and the footnotes to the TCL Financial Statements express fully and fairly all unusual or non-recurring or exceptional items.

  • The TCL Group has not factored any of the debts of the TCL Business or entered into any off-balance sheet or other financing arrangement of a type which is not or would not be required to be shown or reflected in the TCL Financial Statements.