Proforma Accounts definition
Examples of Proforma Accounts in a sentence
The Company advises that the Pro-forma Accounts do not show the current financial position of the Company as at the date of this Notice, and that the information is provided for illustrative purposes only.
The historical and Pro-forma Accounts are presented in an abbreviated form, insofar as they don’t include all of the disclosures required by Australian Accounting Standards applicable to Annual Financial Statements.
The Pro-forma Accounts have been prepared to provide investors with information on the assets and liabilities of the Company and pro-forma assets and liabilities on the basis that the Notes were issued on 30 June 2023.
The Pro-forma Accounts have not been subject to independent audit or review.
The historical and Pro-forma Accounts are presented in an abbreviated form, insofar as they don’t include all of the disclosures required by Australian Accounting Standards applicable to Half-Year Financial Statements.
The Pro-forma Accounts show the effect of the issue of the Tranche 1 and Tranche 2 Notes (together, the Notes) as if they had been issued on 30 June 2023.
The accounting policies adopted in the preparation of the Pro-forma Accounts are the same as those used in the preparation of the 30 June 2023 audited accounts.
To illustrate the effect of the issue of the Tranche 2 Notes on the Company, a pro- forma Consolidated Statement of Financial Position (Pro-forma Accounts) which is set out below has been prepared based on the financial position of the Company’s audited Annual Report for the year ended 30 June 2023.
The Pro-forma Accounts show the effect of the issue of the Tranche 1 Notes as if they had been issued on 31 December 2022.
If the EBITDA Earnout Consideration is a positive amount, the Seller shall be liable for the lesser of: (i) 50% of the Auditor’s costs in preparing the Pro-forma Accounts and the Earnout Statement; and (ii) the EBITDA Earnout Consideration and if such amount is less than 50% of the Auditor’s costs in preparing the Pro-forma Accounts and the Earnout Statement, the Seller shall not be liable to pay any further amount in respect of such costs.