2011 Audited Financial Statements definition

2011 Audited Financial Statements shall have the meaning set forth in Section 5.16.

2011 Audited Financial Statements is defined in Section 7.5.

2011 Audited Financial Statements means the audited consolidated financial statements as of December 31, 2012, 2011 and 2010 and January 1, 2010 and for the years ended December 31, 2012, 2011 and 2010, together with the notes thereto.

Examples of 2011 Audited Financial Statements in a sentence

• However, the Controlling Officer reported that the 2011 Audited Financial Statements were finally approved by the Board and were ready for scrutiny.

• The 2011 Audited Financial Statements of the Group were prepared in accordance with FRS.

• See Note 6 (Related Party Transactions) of the Notes to the 2011 Audited Financial Statements.

• The accounting policies of the Company are set out in detail in Note 3 to the 2011 Audited Financial Statements, as updated under New Accounting Policies below.

• Since the issuance of the Company’s 2011 Audited Financial Statements, the IASB and International Financial Reporting Interpretations Committee (“IFRIC”) have issued no additional new and revised standards and interpretations which are applicable to the Company.

• A8 SEGMENT REPORTING There had been no changes in the basis of segmentation or in the basis of measurement of segment profit or loss from the 2011 Audited Financial Statements.

• The Company has exposure to the following risks from its use of financial instruments:• credit risk;• liquidity risk;• market risk; and• operational risk.A complete description of the Company’s financial risk management and capital management is included in Note 4 to the 2011 Audited Financial Statements.

• In preparing the unaudited condensed consolidated interim financial report, the significant judgments made by the management in applying the Group’s accounting policies and key sources of estimating uncertainty were consistent with those applied to 2011 Audited Financial Statements.

• As of December 31, 2011, DOSRI loans amounted to 1.09% of loans and advances as per Note 32 of the 2011 Audited Financial Statements.

• Committee Chair Michael Vekich reported on the 2012 and 2011 Audited Financial Statements.

More Definitions of 2011 Audited Financial Statements

2011 Audited Financial Statements means the audited combined statements of financial position, operations, comprehensive income, cash flows and changes in parent company equity of the Companies and the business conducted by U.S. Seller and Mexico Seller with the U.S. Assets and the Mexico Assets as of and for the fiscal year ended December 31, 2011.

2011 Audited Financial Statements means balance sheet of the Company as of December 31, 2011 and the related audited statements of operations and cash flows for the year then ended (including any notes thereto) accompanied by an audit report of the Company’s auditors, which financial statements shall reflect the required changes set forth on Section 5.16 of the Buyer Disclosure Schedule to the reasonable satisfaction of the Buyer, whose approval shall not be unreasonably withheld (it being expressly agreed and understood that the form and substance of the draft unaudited financial statements as of and for the year ended December 31, 2011 previously delivered by the Company to the Buyer (including the accompanying draft auditors’ report of Xxxxxxxx Xxxxx Xxxxxxx & Xxxxxxx PC set forth therein) are and shall be deemed to be satisfactory to the Buyer for this purpose).”

2011 Audited Financial Statements means the audited balance sheet of the Company as of December 31, 2011, and the related statements of income, stockholders’ equity, and cash flows for the fiscal year then ended, together with the notes thereto and the report thereon, that (a) are prepared from the books and records of the Company, and (b) are prepared in accordance with GAAP, together with an unqualified audit opinion by the Company’s auditor.