2017 Audited Financial Statements definition

2017 Audited Financial Statements means the audited consolidated balance sheet of PRGX and its Subsidiaries for the fiscal year ended December 31, 2017, and the related consolidated statements of income or operations, shareholders’ equity and cash flows of PRGX and its Subsidiaries for such fiscal year, including the notes thereto.

2017 Audited Financial Statements means the audited balance sheet of the Business as of December 31, 2017 and the related audited combined statement of operations and cash flows of the Business for the fiscal year then ended, and the notes thereto, certified by PricewaterhouseCoopers LLP, in substantially the same form as the Audited Financial Statements.

2017 Audited Financial Statements has the meaning set forth in Section 6.04(b).

Examples of 2017 Audited Financial Statements in a sentence

• The Company has twenty-four months upon the commencement of Companies Act 2016 on 31 January 2017 to utilise the credit.The unaudited Condensed Consolidated Statement of Changes in Equity should be read in conjunction with the 2017 Audited Financial Statements and the accompanying explanatory notes attached to this financial report.

• 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 2017 Audited Financial Statements.

• The 2017 Audited Financial Statements were prepared under Malaysian Financial Reporting Standards (“MFRS”).

• The accounting policies and presentation adopted for this unaudited condensed consolidated interim financial report are consistent with those adopted for the 2017 Audited Financial Statements, except for the adoption of the new, revised and amendments to MFRS effective as of 1 January 2018 as issued by the Malaysian Accounting Standards Board, which does not have any significant impact on the financial statements of the Group.

• Exceptional items, net of tax and non-controlling interestsThe unaudited Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income should be read in conjunction with the 2017 Audited Financial Statements and the accompanying explanatory notes attached to this financial report.

• A7 DIVIDENDS PAID Sen per Total amount Date of ordinary share RM'000 paymentFirst and final single tier cash dividend forfinancial year ended 31 December 2017 3.00 247,338 18-Jul-18 A8 SEGMENT REPORTING There had been no significant changes in the basis of segmentation or in the basis of measurement of segment profit or loss from the 2017 Audited Financial Statements.

• The unaudited Condensed Consolidated Statement of Financial Position should be read in conjunction with the 2017 Audited Financial Statements and the accompanying explanatory notes attached to this financial report.

• A8 SEGMENT REPORTING There had been no significant changes in the basis of segmentation or in the basis of measurement of segment profit or loss from the 2017 Audited Financial Statements.

• In preparing the unaudited interim financial statements, the significant judgements made by the management in applying the Group’s accounting policies and the sources of estimates uncertainty were consistent as those applied to 2017 Audited Financial Statements.

• The risks associated with the derivative financial instrument and the policies in place for mitigating such risks were disclosed in 2017 Audited Financial Statements.

More Definitions of 2017 Audited Financial Statements

2017 Audited Financial Statements means, if required to be provided hereunder, (i) the audited consolidated balance sheet of the Company and its Subsidiaries at December 31, 2017 and December 31, 2016, (ii) the audited consolidated statements of income of the Company and its Subsidiaries for the years ended December 31, 2017 and December 31, 2016, (iii) the audited consolidated statements of shareholders’ equity of the Company and its Subsidiaries as of December 31, 2017 and December 31, 2016, (iv) the audited consolidated statement of cash flows of the Company and its Subsidiaries for the years ended December 31, 2017 and December 31, 2016, and (v) the notes to the foregoing. “Action” means any action, suit, arbitration, litigation or proceeding, whether civil, criminal or administrative, by or before any Governmental Entity. “Adjustment Escrow Amount” means $1,500,000. “Adjustment Escrow Fund” has the meaning assigned to such term in Section 2.15(b). “Affiliate” means, with respect to any Person, any other Person that directly, or through one or more intermediaries, controls or is controlled by or is under common control with such Person. “Agreement” has the meaning assigned to such term in the opening paragraph of this Agreement. “Agreement” includes all exhibits and schedules hereto, and includes all amendments to this Agreement entered into from time to time after the Agreement Date. “Agreement Date” has the meaning assigned to such term in the opening paragraph of this Agreement. “Agreement of Merger” has the meaning assigned to such term in Section 2.2. “Ancillary Documents” means the Escrow Agreement, the Support Agreement, the Letters of Transmittal, the Option Termination Agreements, the Paying Agent Agreement and all other instruments, schedules, certificates and agreements delivered at or prior to the Closing in connection with this Agreement.

2017 Audited Financial Statements means the Audited Financial Statements for the fiscal year ended December 31, 2017.

2017 Audited Financial Statements means an audited balance sheet, statement of operations and statement of cash flows of Seller and its Subsidiaries as of and for the year ended December 31, 2017 prepared in accordance with U.S. GAAP and Regulation S-X and a signed report of Seller’s independent auditor with respect thereto, which audit report shall refer to the standards of the PCAOB.

2017 Audited Financial Statements means consolidated financial statements of the Company and its Subsidiaries for the fiscal year ended December 31, 2017, which (a) consist of (i) a consolidated balance sheet of the Company and its Subsidiaries as of December 31, 2017, (ii) consolidated statements of (A) operations and comprehensive income, (B) stockholders’ equity and (C) cash flows, in each case of the Company and its Subsidiaries for the fiscal year ended December 31, 2017, and (iii) all related notes and schedules, (b) are prepared in accordance with (i) GAAP applied on a basis consistent with the past practices of the Company and its Subsidiaries and (ii) Regulation S-X (17 C.F.R. Part 210), and (c) are audited by Ernst & Young LLP.

2017 Audited Financial Statements has the meaning set forth in Section 3.6.1.1.

2017 Audited Financial Statements. 8.3(z) “ACA” 3.28(h) “Accountants” 2.15(b)(iii) “Accounting Principles” 2.15(a)(i) “Adjustment Amount” 2.15(b)(iv) “Aggregate Merger Consideration” 2.7 “Agreed Claims” 9.4(d) “Agreement” Preamble “Anticipated Company Stockholder” 2.9(a) “Anticipated Holder” 2.9(a) “Anticipated Vested Company Optionholder” 2.9(a) “Antitrust Filings” 6.6(a) “Balance Sheet Date” 3.8(a)