Pro Forma Accounts Sample Clauses
The Pro Forma Accounts clause establishes the requirement for preparing and providing financial statements or accounts that reflect a hypothetical or adjusted financial position, often as if certain transactions or events had occurred at an earlier date. Typically, these accounts are used to illustrate the financial impact of a proposed transaction, such as a merger or acquisition, by showing what the financial statements would look like under specific assumptions. This clause ensures that all parties have a clear, standardized basis for evaluating the financial implications of the deal, thereby reducing misunderstandings and facilitating informed decision-making.
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Pro Forma Accounts. The Pro Forma Accounts have been prepared in good faith and to the best knowledge of the Vendor to not contain any material misstatement. To the best knowledge of the Vendor, all books of account and other financial records from which the Pro Forma Accounts were prepared are true, accurate and complete in all material respects and maintained in reasonable detail and accurately and fairly reflect the material transactions in connection with the Group Companies.
Pro Forma Accounts the unaudited pro forma financial information of the Issuer incorporated by reference in the Draft Offering Circular and to be incorporated by reference in the Offering Circular has been prepared to illustrate the effect on the consolidated net assets of the Issuer as if the acquisition of NR as referred to in the Draft Offering Circular (the “NR Acquisition”) had occurred at 31 December 2006. Such pro forma financial information has been properly compiled on the basis stated therein and such basis is consistent with the accounting policies of the Issuer.
Pro Forma Accounts. 5.7.1 The Pro Forma Accounts have been prepared using financial data properly extracted and compiled from the management accounts of the Company, NB, NIB and NBIS for the 12 months ended on the Last Balance Sheet Date.
5.7.2 The allocations and adjustments made in preparing the Pro Forma Accounts are made on the basis described in the basis of preparation note included as document 13.5.1.2 in the Data Room Index and reflect the estimates of the Seller of the costs incurred in order to carry on the Business, and the Seller considers those estimates to have been made on a fair, honest and reasonable basis as at the date of preparation.
Pro Forma Accounts