Examples of Company Financial Statements in a sentence
The Company Financial Statements (i) were prepared from the books and records of the Company, (ii) were prepared in accordance with United States generally accepted accounting principles in effect from time to time applied on a consistent basis throughout the period involved (“GAAP”) applied on a consistent basis throughout the periods covered thereby, and (iii) fairly presents, in all material respects, the financial condition of the Company as of the dates, and for the periods, indicated thereon.
No Lien for Taxes has been filed or exists with respect to any assets or properties of the Company or any of its subsidiaries other than for Taxes not yet due and payable or Liens for Taxes that are being contested in good faith by appropriate proceedings pursuant to applicable Laws and in respect of which adequate reserves or accruals in accordance with IFRS have been provided in the Company Financial Statements.
Subsequent to initial recognition, investments in subsidiaries are measured at cost in the Company Financial Statements.
Subsequent to initial recognition, investments in associates are accounted for under the equity method in the Consolidated Financial Statements and the cost method in the Company Financial Statements.
Each of the Company and its subsidiaries has paid or caused to be paid to the appropriate Governmental Authority on a timely basis all material Taxes which are due and payable, other than those which are being or have been contested in good faith by appropriate proceedings pursuant to applicable Laws, and in respect of which adequate reserves or accruals in accordance with IFRS have been provided in the Company Financial Statements.