IFRS Financial Statements definition

IFRS Financial Statements means the most recent audited financial statements of the Borrower prepared in accordance with IFRS or unaudited reviewed financial statements of the Borrower prepared in accordance with IFRS, in each case consistently applied.

IFRS Financial Statements means the audited financial statements of Sberbank for the financial years ended 31 December 2012 and 31 December 2011, in each case prepared in accordance with IFRS.

IFRS Financial Statements has the meaning set forth in Section 5.05(d)(ii).

Examples of IFRS Financial Statements in a sentence

• See the IFRS Financial Statements included elsewhere in this Prospectus.

• Please refer to Note 3 (Significant accounting policies), Note 5 (Financial risk management) and Note 35 (Financial instruments) in the IFRS Financial Statements.

• In addition to the IFRS Financial Statements, the Group has decided to present Alternative Performance Indicators (API) based on a specific API reporting.

• They do not include all of the information required for a complete set of IFRS Financial Statements however, accounting policies and selected explanatory notes are included to explain events and transactions that are significant to an understanding of the changes in the Company’s financial position and performance since the last annual Financial Statements.

• However, in the 2013 Annual IFRS Financial Statements the Group reclassified certain promissory notes as customer deposits as at December 31, 2012.

• However, the 2013 Annual IFRS Financial Statements (i) classify impairment of goodwill and gain from disposal of subsidiaries and associates as items of operating income; and (ii) introduce other adjustments to reflect enhanced disclosure of revenues and expenses arising from insurance and non-banking activities of the Group.

• The accounting policies used in the Interim Financial Statements are consistent with those used in the 2021 Consolidated IFRS Financial Statements.

• The Group’s operating income for the year ended December 31, 2012 was originally reported as RUB 307.4 billion in the 2012 Annual IFRS Financial Statements.

• These ratios and indicators are not calculated in accordance with the IFRS, but they are calculated based on the data extracted from the IFRS Financial Statements.

• Related Party Transactions as at 31 December 2015, EUR thousand Related partyRevenue and income fromrelated parties Purchases from related partiesSource: IFRS Financial Statements Changes in loans granted to Portfolio Companies during the year 2015 are provided in table below: Table 24.

More Definitions of IFRS Financial Statements

IFRS Financial Statements means the most recent audited financial statements of the Group prepared in accordance with IFRS or unaudited reviewed financial statements of the Group prepared in accordance with IFRS, as applicable.

IFRS Financial Statements has the meaning ascribed thereto in Section 9.2(e).

IFRS Financial Statements. ’ means the audited consolidated and non-consolidated financial statements of the Borrower for the financial years ended 31 December 2005 and 31 December 2006, prepared in accordance with IFRS;

IFRS Financial Statements has the meaning set forth in Section 5.05(d)(ii). “Indebtedness” means, without duplication and with respect to any Person, such Person together with its Subsidiaries, the aggregate of both the current and long term portions of: (a) the principal, accrued and unpaid interest, prepayment premiums or penalties (if any) in respect of (i) indebtedness for borrowed money, whether current, short-term or long-term and whether secured or unsecured, and (ii) indebtedness evidenced by notes, debentures, bonds or other similar instruments for the payment; (b) all obligations for the deferred purchase price of property or services, under conditional sales contracts, any title retention agreement or under any asset or equity purchase agreement; (c) all reimbursement obligations of such Person on any letter of credit or banker’s acceptance; (d) all obligations of the type referred to in clauses (a) through (c) for the payment of which such Person is liable as borrower, obligor, guarantor, or surety, including guarantees of such obligations (including under any “keep well” or similar arrangement), or such obligations that are secured by any Encumbrance upon any property or asset owned by such Person; (e) all amounts borrowed under any revolving credit card accounts; (f) any off balance sheet financing (but excluding all leases properly recorded under IFRS as operating leases); (g) the net cost of unwinding or terminating any interest rate, currency or other hedging agreements;

IFRS Financial Statements means the Target Group Companies’ consolidated financial statements prepared in accordance with IFRS and audited by KPMG for the financial years ended 31 December 2015-2017, comprising the (i) consolidated statement of profit or loss and other comprehensive income, (ii) consolidated balance sheet, (iii) consolidated cash flow statement and (iv) notes to the financial statements.

IFRS Financial Statements means the audited Financial Statements of the Company prepared in accordance with IFRS as promulgated by the International Accounting Standards Board for the last 3 (three) financial years ending on March 31, 2018.