AEG 21604 G Bedienungsanleitung PDF herunterladen (Seite 435)

100

101

F-194

Going concern

The Company was created to acquire one or more businesses operating in Germany, Switzerland or Austria.

Management are looking to identify a potential transaction and seek its approval by the shareholders. Manage-

ment have 24 months from 24 July 2008 to effect such a Business Combination. If after this period, management

have not affected such a transaction, management need to put a proposal to the shareholders to place the Com-

pany in liquidation and return the funds held in the trust account, and all other assets and liabilities to the share-

holders. Whilst the Company does not have free access to the trust account, management note that the Company

has sufficient assets outside the trust account to meet its ongoing costs. As such, management are confident that

the Company will continue in existence for at least 12 months after approval of these financial statements and

accordingly, these financial statements have been prepared on a going concern basis.

Functional and presentational currency

The directors have selected the Euro as the presentational currency of the Company. The directors have also

selected the Euro as the functional currency, as the Company is listed on Euronext Amsterdam and has received

all its funding in that currency.

Segmental reporting

The Company has no activities, except for seeking to accomplish a Business Combination. Therefore segmental

reporting is not relevant for these financial statements.

Foreign currencies

In preparing the financial statements the transactions in currencies other than the Company's functional currency

are recorded at the rates of exchange prevailing on the dates of the transactions. At each balance sheet date,

monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing

on the balance sheet date. Non-monetary items are carried at fair value that are denominated in foreign curren-

cies are translated at the rates prevailing at the date when the fair value was determined. Non-monetary items

that are measured in terms of historical cost in foreign currency are not retranslated.

Exchange differences are recognised in the Income Statement in the period in which they arise.

Revenues

Interest income is included in the financial statements on an accruals basis using the effective interest rate

method.

Expenses

Expenses are accounted for on an accruals basis.

Share issue costs have been expensed against the share premium account in accordance with IAS32 "Financial

Instruments: Disclosure and Presentation" and IAS29 "Financial Instruments: Recognition and Measurement".

Taxation

The Company has obtained tax exempt status under Category B of the Income Tax (Exempt Bodies) (Guernsey)

Ordinance 1989, subject to the payment of an annual fee which is currently set at £600.

Receivables

Receivables are measured at amortised cost using the effective interest method, less any impairment.

1 2 ... 430 431 432 433 434 435 436 437 438 439 440 ... 650 651

AEG 21604 G Bedienungsanleitung Seite 435

Kommentare zu diesen Handbüchern

AEG 21604 G Bedienungsanleitung Seite 435

Kommentare zu diesen Handbüchern

Verwandte Produkte und Handbücher für Kochfelder AEG 21604 G