COMPARATIVE FIGURES. Certain comparative figures have been reclassified to conform with the presentation adopted for the current period.
COMPARATIVE FIGURES. At 31 December 1999, as the Group was in technical default under many of its loan covenants, the principal amounts of the loans had become repayable immediately. No attempt was therefore made to classify such liabilities at 31 December 1999 into long-term or short-term liabilities according to their original maturity dates as the repayment of these loans was subject to the Group’s restructuring proposal. As disclosed in note 1, the Group Restructuring was complete on 22 December 2000. The interest-bearing borrowings, including bank loans and notes payable, were extinguished thereupon. Comparative figures of shareholders’ loans to subsidiaries contributed by minority shareholders have been classified as long term liabilities as the loans have not been repaid within one year from 31 December 1999. Comparative figures of the liabilities other than the above have been reclassified as current liabilities as these liabilities should have been repayable within one year from 31 December 1999. Net gain arising on exclusion of certain subsidiaries from consolidation amounting to $274,994,000 included in the non-operating expenses in 1999 was reclassified to non-operating income in 2000 to confirm with the current year’s presentation.
COMPARATIVE FIGURES. Where necessary, comparative figures have been adjusted to conform with changes in presentation in the current year.
COMPARATIVE FIGURES. Certain prior year figures have been reclassified to conform to the current year's presentation. PURCHASER’S COMMON BOND Persons who work, reside or carry-on business in the Province of British Columbia.
COMPARATIVE FIGURES. Some of the comparative figures have been reclassified to conform to the current year's presentation. DAUNHEIMER XXXXX XXXXXXXX LLP 15
COMPARATIVE FIGURES. Certain comparative figures have been reclassified to conform with the current year's presentation. BULLET ENVIRONMENTAL TECHNOLOGIES, INC. (A Development Stage Company) BALANCE SHEETS (Expressed in United States Dollars) November 30, 2001 (Unaudited) February 28, 2001 ASSETS Current Cash and cash equivalents $ 1,758 $ 583 Total assets $ 1,758 $ 583 LIABILITIES AND STOCKHOLDERS' DEFICIENCY Current liabilities Accounts payable and accrued liabilities $ 261,354 $ 382,328 Notes payable (Note 2) 169,851 46,364 Due to related party (Note 3) 5,306 5,093 Total current liabilities 436,511 433,785 Stockholders' deficiency Capital stock (Note 5) Authorized 30,000,000 common shares, par value of $0.0001 5,000,000 preference shares, par value of $0.0001 Issued 3,595,422 common shares (February 28, 2001 - 2,970,422 common shares) 360 297 Additional paid-in capital 1,331,639 1,206,702 Deficit (316,562 ) (316,562 ) Deficit accumulated during the development stage (1,454,518 ) (1,325,848 ) Accumulated comprehensive other income 4,328 2,209 Total stockholders' deficiency (434,753 ) (433,202 ) Total liabilities and stockholders' deficiency $ 1,758 $ 583 The accompanying notes are an integral part of these financial statements 44 BULLET ENVIRONMENTAL TECHNOLOGIES, INC. (A Development Stage Company) STATEMENTS OF OPERATIONS (Expressed in United States Dollars) (Unaudited) From start of development stage on March 1, 1999 to November 30, 2001 Three months ended November 30, 2001 Three months ended November 30, 2000 Nine months ended November 30, 2001 Nine months ended November 30, 2000 EXPENSES Bank charges and interest $ 10,828 $ 2,044 $ 639 $ 8,666 $ 968 Consulting fees 329,656 20,000 31,452 73,210 31,452 Management fees 78,610 1,966 -- 5,388 22,391 Office and miscellaneous 5,663 2,433 735 4114 1,713 Printing 17,292 -- -- -- 4,543 Professional fees 532,854 5,048 81,329 16,128 97,908 Rent 26,695 10,000 -- 10,000 -- Shareholder relations 2,180 195 -- 2,180 -- Stock-based compensation 385,700 -- -- -- -- Transfer agent and registrar 10,222 980 750 3,675 1,759 Travel 54,818 1,276 8,147 5,309 9,191 1,454,518 43,942 123,052 128,670 169,925 Loss for the period $ (1,454,518 ) $ (43,942 ) $ (123,052 ) $ (128,670 ) $ (169,925 ) Basic and diluted loss per share $ (0.01 ) $ (0.04 ) $ (0.04 ) $ (0.06 ) Weighted average number of shares of common stock outstanding 3,265,752 2,850,422 3,068,149 2,850,422 The accompanying notes are an integral part of these financial statements 45 BULLET ENV...
COMPARATIVE FIGURES. Comparative figures have been adjusted to conform to changes in presentation for the current financial year where required by accounting standards or as a result of changes in accounting policy. Critical Accounting Estimates and Judgments Preparation of these financial statements has required the use of certain critical accounting estimates as well as management being required to exercise its judgement in the process of applying the company’s accounting policies. Estimates and judgments incorporated into the financial report are based on historical knowledge and best available current information. Estimates assume a reasonable expectation of future events and are based on current trends and economic data, obtained both externally and within the company. NOTE 6: TRADE AND OTHER RECEIVABLES The trade receivables amount is stated net of rebates to be claimed by customers when they settle their obligation to the company. Directors have estimated a rebate claim based on the past history of rebate claims and future expectations. Included in the trade receivables amount is a directors’ estimate of potential non-recoverable debtors. The provision is calculated as 50% of all 90 day debtors, plus 25% of all 60 day debtors.
COMPARATIVE FIGURES. Certain of the comparative figures for the three months ended January 31, 2005 and for the period May 18, 2004 (Date of Inception) to January 31, 2006 have been reclassified to conform with the current year’s presentation. SCHEDULE "D” to that Share Purchase Agreement dated for reference as of the 31st day of March, 2006 EMPLOYMENT, SERVICE & PENSION AGREEMENTS OF THE COMPANY None. SCHEDULE "E" to that Share Purchase Agreement dated for reference as of the 31st day of March, 2006 REAL PROPERTY & LEASES OF THE COMPANY None. SCHEDULE "F" to that Share Purchase Agreement dated for reference as of the 31st day of March, 2006 ENCUMBRANCES ON THE COMPANY'S ASSETS None. SCHEDULE "G" to that Share Purchase Agreement dated for reference as of the 31st day of March, 2006 COMPANY LITIGATION None. SCHEDULE "H" to that Share Purchase Agreement dated for reference as of the 31st day of March, 2006 PURCHASER LITIGATION None. SCHEDULE "I" to that Share Purchase Agreement dated for reference as of the 31st day of March, 2006 PATENTS OF THE COMPANY Patent Application for Flying Device more particularly described in applications set out below: European Patent Application # 03748086.0-2318 International Patent Application XXX/XX0000/000000 Xxxxxx Xxxx Xxxxxxxx Patent Application No. 156/2005 China Patent Application No. 00000000.7 Japan Patent Application No. 2004-540701 Russia Xxxxxx Xxxxxxxxxxx Xx. 0000000000 Xxxxxx Xxxxxx Patent Application No. 10/525,886 SCHEDULE "J" to that Share Purchase Agreement dated for reference as of the 31st day of March, 2006 AGREEMENT AND DEED OF TRANSFER
COMPARATIVE FIGURES. Certain figures for the prior year have been reclassified to conform with the current year's financial statement presentation. SCHEDULE "E" LIST OF ASSETS OF AMERICAS WIND ENERGY INC. 2005 2004 ASSETS (audited) Current Assets Cash $ 35,179 $ 6,603 Accounts receivable and other 33 101,182 Goods and Services Tax receivable 20,018 4,880 Total Current Assets 55,230 112,665 Investment in Emergya Wind Technologies B.V. (note 3) 737,916 - Advances to Emergya Wind Technologies B.V. (note 3) - 748,092 Equipment, Net (note 4) 7,479 9,838 Intangible Asset (note 5) 1,780,385 1,639,375 Total Assets $ 2,581,010 $ 2,509,970 3. Investment in and Advances to Emergya Wind Technologies B.V. In fiscal 2004, the Company entered into a loan agreement with Emergya Wind Technologies B.V. ("EWT"). Pursuant to the agreement, the loan was to be converted into common shares of EWT. The loan carried an interest rate of 5% per annum, to be paid at time of conversion. On July 20, 2005, the Company converted the outstanding loan balance of $739,542 into 923 common shares of EWT, representing a 31.2% ownership interest. Accordingly, the Company recorded an investment in EWT of $737,916 at July 31, 2005. At May 29, 2006 the investment represented a 16.72% ownership interest. The $1,626 difference between the date of conversion and reporting date is the result of the exchange fluctuation.
COMPARATIVE FIGURES. Certain figures for the comparative periods have been reclassified to conform with the current period reclassification. TASMAN METALS LTD. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED AUGUST 31, 2014, 2013 AND 2012 (Expressed in Canadian Dollars - Unless Otherwise Stated) _____________________________________________________________________________________________________________________________________
