Bases and Assumptions. For the purposes of illustration only, the pro forma financial effects of the Proposed Acquisition taken as a whole are set out below. The pro forma financial effects have been prepared based on the audited consolidated financial statements of the Group for the financial period ended 31 December 2016 (“FY2016”) and do not necessarily reflect the actual future financial position and performance of the Group following completion of the Proposed Acquisition as the Company has, since its FY2016 audited consolidated financial statements, increased its issued share capital to approximately S$32,841,618 divided into 962,166,934 Shares as at the date of this Announcement. Accordingly, Shareholders should note that the following pro forma financial effects of the Proposed Acquisition have been calculated to take into consideration the enlarged share capital of the Company as mentioned above. The Group has translated its results and financial position into SGD starting from 1 January 2017 and the comparatives of the financial statements of the Company and of the Group was restated and presented in SGD. Specifically, the assets and liabilities of the Company and of the Group as at 31 December 2016 was translated from RMB to SGD at the closing exchange rates as at 31 December 2016, while the income expense items of the Company and of the Group for the year ended 31 December 2016 was translated at the average rate during the said period.
Bases and Assumptions. For the purposes of any calculation of the consideration receivable or payable by the Company pursuant to this section, the following provisions shall be applicable:
Bases and Assumptions. For the purposes of illustration only, the pro forma financial effects of the Proposed Acquisition taken as a whole are set out below. The pro forma financial effects have been prepared based on the audited consolidated financial statements of the Group for the financial year ended 31 March 2015 and the audited accounts prepared by the Seller in relation to the Business for the financial period between 5 September 2014 (the Seller’s date of incorporation) and 31 October 2015, and do not necessarily reflect the actual future financial position and performance of the Group following Completion of the Proposed Acquisition. The financial effects of the Proposed Acquisition have been computed based on the following assumptions:
Bases and Assumptions. For the purposes of illustration only, the pro forma financial effects of the Convertible Loan and the Convertible Shares taken as a whole are set out below. The pro forma financial effects do not necessarily reflect the actual future financial position and performance of the Group in the event that the Convertible Loan is fully disbursed and fully converted. The pro forma financial effects have been prepared on the following assumptions:
Bases and Assumptions. The pro forma financial effects of the Proposed Acquisition as set out below are for illustrative purposes only and do not reflect an indication or a projection of the actual results and financial position of the Company and the Group following Completion. The pro forma financial effects of the Proposed Acquisition on the net tangible assets ("NTA") or net tangible liabilities ("NTL") per Share and earnings or loss per Share ("EPS" or "LPS") have been prepared based on the following:
Bases and Assumptions. The pro forma financial effects have been prepared based on the audited consolidated financial statements of the Group for the financial year ended 31 March 2018 ("FY2018") and do not necessarily reflect the actual future financial position and performance of the Group following completion of the Proposed Sale, and on the assumptions that:
Bases and Assumptions. The financial effects of the Proposed Transactions on the share capital, loss per Share (“LPS”) and net tangible assets (“NTA”) per Share of the Group have been prepared based on the audited consolidated financial statements of the Group for the financial year ended 31 December 2017 (“FY2017”). The pro forma financial effects of the Proposed Transactions are for illustration purposes only and do not necessarily reflect the actual future results and financial position of the Group following completion of the Proposed Transactions. For illustration purposes only, the financial effects of the Proposed Transactions have been computed based on the following assumptions:
Bases and Assumptions. For the purposes of illustration only, the pro forma financial effects of the Proposed Disposal taken as a whole are set out below. The pro forma financial effects have been prepared based on the unaudited consolidated financial statements of the Group for the financial year ended 31 December 2014 (“Unaudited FY2014 Results”) and do not necessarily reflect the actual future financial position and performance of the Group following completion of the Proposed Disposal. The pro forma financial effects are based on the Unaudited FY2014 Results as opposed to the audited consolidated financial statements of the Group for the financial year ended 31 December 2013 as the Unaudited FY2014 Results, being more recent in time, would be more meaningful and indicative of the financial effects of the Proposed Disposal.
Bases and Assumptions. The following are presented for illustration purposes only and are not intended to reflect the actual future financial situation of the Company after Completion of the Proposed Acquisition. The financial effects of the Proposed Acquisition on the Company as set out below are based on the Group’s latest audited financial statements for FY2020 and the following assumptions:
Bases and Assumptions. The management of the Company and the Target Companies have prepared the forecast combined profit after taxation but before extraordinary items of the Target Group for the year ending 31 December 2002. The management of the Company and the Target Companies are not currently aware of any extraordinary items which have arisen or are likely to arise in respect of the year ending 31 December 2002. The forecast has been prepared on a basis consistent in all material respects with the accounting policies currently adopted by the Target Group as summarised in Appendix II on the following principal assumptions:
