Polish GAAP definition

Polish GAAP means accounting rules, conventions, standards and procedures for reporting financial information set down in the Polish Act on Accounting of 29 September 1994 and the Polish Act on Public Finance of 30 June 2005, as in effect from time to time in Poland.
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Polish GAAP will mean generally accepted accounting principles as applied in the Republic of Poland.
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Polish GAAP means Polish generally accepted accounting principles, consistently applied.
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Examples of Polish GAAP in a sentence

  • The books of account and records of the Company are true and complete in all respects, have been maintained in accordance with sound business practices and Polish GAAP including the maintenance of a system of controls, as required by Polish law.

  • PT shall have reported net sales of not less than 39,500,000 PLN and earnings before interest, taxes, depreciation, and amortization (“EBITDA”) of not less than 11,950,000 PLN, respectively, for the fiscal year 2005 in its Polish GAAP financial statements.

  • All inventories not written off have been written at a value consistent with the Polish GAAP principles, as applied by the Company over the time.

  • No financial statement of any Person other than the Company is required by Polish GAAP to be included in the Financial Statements of the Company.

  • Schedule 5.7 contains copies of the Company’s (a) unaudited balance sheets and statements of income prepared before income taxes; all in accordance with Polish GAAP for the fiscal year ended December 31, 2010 (hereinafter referred to as the “Financial Statements”).

  • The unaudited financial statements attached as Schedule 5.2(f) are hereinafter referred to as the “Financial Statements.” The Financial Statements (including the notes) were prepared in accordance with Polish GAAP, and present fairly, subject to normal adjustments, the financial condition of PT as of the dates indicated thereon and the results of operations for the period reported therein.

  • The Financial Statements represent actual, bona fide transactions, and were prepared in accordance with Polish GAAP consistently applied; they present fairly the financial condition of the Company as of December 31, 2010 and the results of operations for the year then ended and are consistent with the books and records of the Company.

Related to Polish GAAP

  • UK GAAP means generally accepted accounting principles in the United Kingdom set forth from time to time by the United Kingdom Accounting Standards, which are applicable to the circumstances and in effect as of the date of determination thereof.

  • U.S. GAAP means United States generally accepted accounting principles.

  • GAAP means United States generally accepted accounting principles.

  • PRC GAAP means the generally accepted accounting principles in the PRC.

  • Brazilian GAAP means the generally accepted accounting practices adopted in Brazil determined in accordance with the Brazilian corporate law.