KIFRS definition

KIFRS means the International Financial Reporting Standards as adopted by and in effect in Korea.
View Source

Examples of KIFRS in a sentence

  • HLBLS shall keep full, complete and proper records and accounts of all sales of Licensed Products by HLBLS, its Affiliates, and to the extent it acquires rights to do so, its Sublicensees and distributors, in accordance with K-IFRS, in sufficient detail and in the currencies in which the sale was made to enable the royalties payable on each Licensed Product to be determined.

  • The rate of exchange to be used in computing the amount of currency equivalent in US Dollars shall be made at the rates of exchange utilized by HLBLS in its accounting system under K-IFRS to translate Korean Won into US Dollars and shall be calculated using the appropriate exchange rate for such currency quoted by the ▇▇▇▇▇ Fargo Bank foreign exchange desk on the close of business on the business day immediately preceding the date of such report.

  • The Financial Statements shall be prepared in accordance with US GAAP and K-IFRS within seven (7) days after the end of each month and fiscal quarter, and ten (10) days after the end of each fiscal year end for unaudited Financial Statements, and ninety (90) days after the end of each fiscal year end for audited Financial Statements.

  • In the case of COGs and Net Sales, the rate of exchange to be used in computing the amount of currency equivalent in United States dollars shall be made at the rate of exchange utilized by such party in its worldwide accounting system and calculated in accordance with K-IFRS, prevailing on the [**] last business day of the month preceding the month in which such sales are recorded, but in any case consistent with the requirements of the Argos In-Licenses.

  • The JV Partners agree that the JV Company and the other JV Entities are each intended to be, and shall be treated as, a consolidated subsidiary of SKGC under K-IFRS.

  • All Taxes payable by the Company and PubCo (whether or not shown on any Tax Return), as applicable, have been fully and timely paid (taking into account any applicable extensions properly applied for) in all respects, except with respect to Taxes being contested in good faith by appropriate proceeding and with respect to which adequate reserves have been made in accordance with KIFRS.

  • NEXTEEL allocated losses related to suspended production to the cost of goods sold (“COGS”) in its books and records, consistent with K-IFRS.

  • All income and other material Taxes payable by each Group Company and New PubCo (whether or not shown on any Tax Return), as applicable, have been fully and timely paid (taking into account any applicable extensions properly applied for) in all material respects, except with respect to Taxes being contested in good faith by appropriate proceeding and with respect to which adequate reserves have been made in accordance with KIFRS.

  • The Company maintains proper books of accounts and records, reflecting in accordance with K-IFRS all material items of income and expenses, all material transactions and all assets and Liabilities required to be reflected therein in accordance with Applicable Laws and K-IFRS and maintains proper and adequate financial accounting controls as required under Applicable Law and K-IFRS.

  • Each of the Financial Statements has been prepared in accordance with K-IFRS on a consistent basis, except as noted therein, and fairly presents in all material respects the consolidated financial position and results of operations and cashflows of the Company and its Subsidiaries as of the dates or for the periods specified therein (except as noted therein, and in the case of such unaudited Financial Statements, for the absence of footnotes and recurring year-end audit adjustments).