Examples of Completion Balance Sheet in a sentence
The Completion mechanism as outlined in the SSA requires a further true up for Net Assets against the final Completion Balance Sheet, expected to be finalised before December 2022.(ii)Revenue and profit contribution From the date of acquisition to 30 June 2022, LLS contributed revenue of $689.6 million and EBITDA from Operations of $46.4 million (including synergies but excluding the allocation of corporate and group-wide costs).
The Auditors shall, thereafter, produce the completion balance sheet and a statement as to the NTA of the Company as at the Completion Date (the "Completion Balance Sheet") in accordance with the Financial Reporting Standards issued by the Accounting Standards Council of Singapore and the Company’s existing accounting policies as at the Balance Sheet Date and deliver the same to the Parties.
The Completion Statements will be prepared from this Completion Balance Sheet and the EBITDA Statement, subject to the requirements set out in Part 1 and Part 2 of this Schedule 3.
The Completion Balance Sheet will be prepared based on actual amounts, if available, in accordance with the Accounting Standards.
Once the draft Completion Balance Sheet has been agreed or determined, the Buyer or the Sellers (as the case may be) will settle any shortfall or surplus between the Initial Consideration and the Final Consideration within 5 business days from the date on which the Completion Balance Sheet is agreed or determined.