IFRS Accounts definition
Examples of IFRS Accounts in a sentence
For the avoidance of doubt, no representation or warranty is made in this Agreement as to the IFRS Accounts and any reference in this Agreement to financial statements of the Company shall be deemed to exclude any reference to the IFRS Accounts.
IFRS Accounts are not used by Kuveyt Türk for any regulatory purposes and Kuveyt Türk's management principally uses the BRSA Accounts, the Interim BRSA Accounts and the BRSA Principles for the management of Kuveyt Türk.
Although Kuveyt Türk is not legally required to prepare financial statements in accordance with International Financial Reporting Standards issued by the International Accounting Standards Board ("IASB") and interpretations issued by the International Financial Reporting Standards Interpretations Committee of the IASB (collectively, "IFRS"), it also prepares audited consolidated annual financial statements for the year ended 31 December each year in accordance with IFRS (the "IFRS Accounts").
As Kuveyt Türk's management uses the BRSA Accounts and the Interim BRSA Accounts and considers these appropriate for use by investors, IFRS Accounts are not included in (or incorporated by reference into) these Listing Particulars and, for the avoidance of doubt, the financial information included in these Listing Particulars have not been prepared in accordance with IFRS and there may be material differences in such financial information had IFRS been applied in its preparation.
Following the establishment of such general procedures, Rockwood and Kemira shall cooperate with each other, and shall cause the Joint Venture Companies to, fully cooperate with Kemira and provide Kemira with all such information that is required for Kemira to translate the Joint Venture Accounts as they become available into the respective IFRS Accounts.