Emphasis of Matter. I draw attention to Note 2.3 to the interim financial statements. Due to the impact of COVID-19 pandemic, in preparing the interim financial information for the three-month period ended March 31 2020, the Group has adopted the Accounting Guidance on “Temporary relief measures on accounting alternatives in response to the impact of the COVID-19 situation” announced by the Federation of Accounting Professions. My conclusion is not modified in respect of this matter. *****/2
Emphasis of Matter. Basis of Preparation of the Combined Financial Statements and Restriction on Distribution and Use We draw attention to the Basis of Preparation of the Combined Financial Statements of the Siemens Mobility Business as of September 30, 2017, which describes the basis of preparation. The Combined Financial Statements are prepared for purposes of the approval of the contemplated transaction, referred to above, for which Alstom S.A. has to prepare a document (so-called “Document E”), which will be registered with the French financial markets authority (the Autorité des marchés financiers or “AMF”). As a result, the Combined Financial Statements may not be suitable for another purpose. Our report is intended solely for Siemens AG and should not be distributed to parties other than Siemens AG. However, we understand that our opinion together with the Combined Financial Statements is to be included in the Document E, filed by Alstom S.A., as general information to the public. Our opinion is not modified in respect of this matter. Responsibilities of Management of the Mobility Division of Siemens AG and the member of the Siemens Managing Board with business responsibility for the Mobility Division for the Combined Financial Statements Management of the Mobility Division of Siemens AG, comprised of the Mobility Division’s CEOs and CFO, is responsible for the preparation of the Combined Financial Statements in accordance with the Basis of Preparation and for such internal control as management determines is necessary to enable the preparation of the Combined Financial Statements that are free from material misstatement, whether due to fraud or error. In preparing the Combined Financial Statements, management is responsible for assessing the Siemens Mobility Business' ability to continue as a going concern, disclosing, as applicable, matters relating to going concern and using the going concern basis of accounting unless management either intends to liquidate the Siemens Mobility Business or to cease operations, or has no realistic alternative but to do so. The member of the Siemens Managing Board with business responsibility for the Mobility Division is responsible for overseeing the financial reporting process for the preparation of the Combined Financial Statements. Auditor’s Responsibilities for the Audit of the Combined Financial Statements Our objectives are to obtain reasonable assurance about whether the Combined Financial Statements are free from material mis...
Emphasis of Matter. Without qualifying the audit opinion expressed above, attention is drawn to the following matters:
Emphasis of Matter. We draw your attention to Note 43 to these financial statement, which describe the Management’s assessment of the impact of COVID-19 pandemic and the resultant lockdowns on the significant uncertainties involved in developing some of the estimates involved in preparation of the financial statements including but not limited to its assessment of liquidity and going concern, recoverable value of its property, plant and equipment and the net realisable value of other assets. Based on information available as of the date, Management believes that no further adjustments are required to the financial results. However, in view of the highly uncertain economic impacting the Hospitality Industry, a definitive assessment of the impact is highly dependent upon circumstances as they evolve in future and the actual result may differ from those estimated as at the date of approval of these financial statements. Our opinion is not modified in respect of the above matters. Key audit matters Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the financial statements of the current period. These matters were addressed in the context of our audit of the financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. We have determined the matters described below to be the key audit matters to be communicated in our report.
Emphasis of Matter. 1) I draw attention to Note 1.3 to the financial statements. Two subsidiary companies had incurred continuous operation losses. As at December 31, 2014 and 2013, current liabilities were higher than current assets and deficits were significant amounts. These factors indicate the existence of material uncertainties which cast significant doubt over these subsidiaries’ ability to operate and continue as a going concern.
Emphasis of Matter. Without qualifying our opinion, we draw attention to the following:
Emphasis of Matter. Without qualifying our opinion, we draw attention to Note 1 in the consolidated financial statements which describes conditions and matters that indicate the existence of a material uncertainty that may cast significant doubt about the ability of Battle Mountain Gold Inc. to continue as a going concern. Vancouver, Canada Chartered Accountants DATE Battle Mountain Gold Inc. Consolidated Statements of Financial Position (Expressed in Canadian Dollars) October 31, October 31, 2013 2012 Assets Current Cash $ 306,285 $ 39,136 306,285 39,136 Non-current Exploration and evaluation assets (Note 3) 356,464 54,945 Total assets $ 662,749 $ 94,081 Liabilities Current Accounts payable and accrued liabilities $ 158,892 $ 43,011 Loans from related party (Note 5) 125,347 - 284,239 43,011 Equity Share capital (Note 4) 621,252 - Share subscription advances 35,000 100,000 Accumulated other comprehensive income 4,869 37 Deficit (282,611 ) (48,967 ) 378,510 51,070 Total liabilities and equity $ 662,749 $ 94,081 Nature of business and continuance of operations (Note 1) Subsequent events (Note 10) Approved and authorized for issue by the Board on XXXX: “Xxxxx Xxxxxxx” Director “Xxxxxxx Xxxxxxx” Director The attached notes form an integral part of these consolidated financial statements. Battle Mountain Gold Inc. Consolidated Statements of Comprehensive Loss (Expressed in Canadian Dollars) Period from incorporation on April 2, Year ended 2012 to October 31, October 31, 2013 2012 Expenses Bank charges $ - $ 10 Foreign exchange loss (gain) (1,818 ) 937 Interest 2,744 - Legal 77,773 28,254 Property investigation - 19,766 Share-based payments (Notes 4 and 5) 100,000 - Loss before other item 178,699 48,967 Write-off of exploration and evaluation assets (Note 3) 54,945 - Loss for the period 233,644 48,967 Other comprehensive loss (income) Exchange difference on translation of foreign operations (4,832 ) (37 ) Total comprehensive loss $ 228,812 $ 48,930 Basic and diluted loss per share $ 0.09 $ 48,967 Weighted average number of shares outstanding - basic and diluted 2,557,809 1 6 The attached notes form an integral part of these consolidated financial statements. Battle Mountain Gold Inc. Consolidated Statements of Cash Flows (Expressed in Canadian Dollars) Period from incorporation on April 2, Year ended 2012 to October 31, October 31, 2013 2012 Operating activities Loss for the period $ (233,644 ) $ (48,967 ) Adjustments: Foreign exchange loss (gain) (1,818 ) 937 Interest expense 2,74...
Emphasis of Matter. As discussed in Note 1, the financial statements present only the BeltLine Tax Allocation District Fund and do not purport to, and do not, present fairly the financial position of the City of Atlanta, Georgia, as of June 30, 2016 and the changes in its financial position, or, where applicable, its cash flows for the fiscal year then ended in accordance with accounting principles generally accepted in the United States of America. Our opinions are not modified with respect to this matter.
Emphasis of Matter. As discussed in Note (1), the financial statements present only the Agreement for Golf Course Management Services at Cypress Head and do not purport to, and do not, present fairly the financial position of City of Port Orange, Florida, or the City's entire Golf Course fund, as of September 30, 2022, and the changes in its financial position and its cash flows for the year then ended in accordance with accounting principles generally accepted in the United States of America. Our opinion is not modified with respect to this matter.
Emphasis of Matter. As discussed in Note 2 to the consolidated financial statements, the Company has adopted Accounting Standards Update (“ASU”) 2016−01 Financial Instruments−Overall (Subtopic 825−10): Recognition and Measurement of Financial Assets and Financial Liabilities and ASU 2014−09, Revenue from Contracts with Customers (“ASC 606”) on December 30, 2018. Our opinion is not modified with respect to this matter. Other Matter Our audits were conducted for the purpose of forming an opinion on the consolidated financial statements taken as a whole. The supplemental consolidating schedules presented on pages 30 through 32 are presented for purposes of additional analysis and are not a required part of the consolidated financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the consolidated financial
