2014 Audited Financial Statements definition

2014 Audited Financial Statements means (i) the audited consolidated balance sheet of the Company and the Company Subsidiary as of December 31, 2014 and (ii) the related audited consolidated income statement, changes in shareholders’ equity and consolidated statement of cash flows of the Company and the Company Subsidiary for the year then ended and with report(s) thereon (with no exception or qualification from GAAP thereto) of the Approved Auditor, in each case including the related notes and schedules thereto.

2014 Audited Financial Statements means the audited consolidated balance sheet of the BioD Companies as of December 31, 2014, and the related statements of income, members’ 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 BioD Companies, and (b) are prepared in accordance with GAAP, together with an unqualified audit opinion by the BioD Companies’ auditor.

2014 Audited Financial Statements shall have the meaning set forth in Section 5.25(a)(i).

Examples of 2014 Audited Financial Statements in a sentence

• A5 CHANGE IN ACCOUNTING ESTIMATES There were no changes in the estimates of amounts reported in prior financial years that may have a material effect in the current quarter and financial year.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 2014 Audited Financial Statements.

• With its liquidity, the Company has substantial financial flexibility in varying operating policy in response to market demands, in meeting capital expenditures through internally generated funds and in providing the Company with a strong financial condition that gives it ready access to financing alternatives (refer to Note 25 to the December 31, 2014 Audited Financial Statements for a detailed discussion on the Company’s revolving credit facilities as of December 31, 2014).

• The 2014 Audited Financial Statements were prepared under Malaysian Financial Reporting Standards (“MFRS”).

• 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 2014 Audited Financial Statements.

• Spend the allocated CSR amount on the CSR Activities once it is approved by the Board of Directors of the Company in accordance with the Act and the CSR Rules.

• Refer to Note 23 to the December 31, 2014 Audited Financial Statements for details of transactions with PepsiCo and Pepsi Lipton.

• The accounting policies and presentation adopted for this unaudited condensed consolidated interim financial report are consistent with those adopted for the 2014 Audited Financial Statements, except for the adoption of the new, revised and amendments to MFRS effective as of 1 January 2015 as issued by the Malaysian Accounting Standards Board, which does not have any impact on the financial statements of the Group.

• The risks associated with the derivative financial instrument and the policies in place for mitigating such risks were disclosed in 2014 Audited Financial Statements.

• The 2014 Audited Financial Statements were not subject to any qualification.

• Number ofSharesShare ContributedCapital SurplusOutstanding, March 31, 2015 and December 31, 2014 31,143,635$ 1 $ 18,000 Stock Based CompensationA detailed description of the Corporation’s stock based compensation arrangements is provided in note 11 to the 2014 Audited Financial Statements.

More Definitions of 2014 Audited Financial Statements

2014 Audited Financial Statements has the meaning set forth in Section 6.21.

2014 Audited Financial Statements has the meaning set forth in Section 1.7(b)(xii).

2014 Audited Financial Statements. Section 4.9.1(a)(i)