REFERENCE TABLE Annex II Prospectus Regulation
Pro forma financial information building block
Please fill in general details below, and, per item the reference to the Prospectus, or ‘not applicable’.
Name issuing/offering entity:Nature of Transaction / Prospectus:
Date of submitted draft of Prospectus: / Draft number:
Date of AFM reply:
Other annexes applied for the Prospectus (please give numbers of annexes):
General points of attention drafting a prospectus
1. / Further information on all items:
-ESMA Recommendations →Pro Forma Financial Information §87-94
-ESMAFaq → Pro forma financial information included in a prospectus on a voluntary basis
Item # / Item contents / Reference to page and paragraph
1.
a.
b.
c.
d.
e.
f. / The pro forma information must include a description of
-the transaction,
-the businessesor entities involved and
-the period to which it refers,
and must clearly state the following:
-the purpose to which it has been prepared;
-the fact that it has been prepared for illustrative purposesonly;
-the fact that because of its nature, the pro forma financial information addresses a hypothetical situation and, therefore, does not represent the company’s actual financial position or results. / a.──────────
b.──────────
c.──────────
d.──────────
e.──────────
f.──────────
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2. / In order to present pro forma financial information a
-balance sheet; and
-profit and loss account; and
-accompanying explanatory notes, depending on the circumstances,may be included. / ───────────
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3.
a.
b.
c. / Pro forma financial information must normally be presented in columnar format, composed of:
-the historical unadjusted information;
-the pro forma adjustments; and
-the resulting pro forma financial information in the final column.
The sources of the pro forma financial information have to be stated and, if applicable, the financial statements of the acquired businesses or entities must be included in the prospectus
Further information:
-ESMAFaq → Pro forma financial information: clarification of certain terms used in item 20.2 of Annex I in Annex II Regulations / a.──────────
b.──────────
c.──────────
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4. / The pro forma information must be prepared in a manner consistent with the accounting policies adopted by the issuer in its last or next financial statements and shall identify the following:
a) the basis upon which it is prepared;
b) the source of each item of information and adjustment. / a.──────────
b.──────────
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5.
a.
b.
c. / Pro forma information may only be published in respect of
-the current financial period;
-the most recently completed financial period; and/or
-the most recent interim period for which relevant unadjusted information has been orwill be published or is being published in the same document.
Further information:
-ESMAFaq → Pro forma financial information: clarification of certain terms used in item 20.2 of Annex I in Annex II Regulations
-ESMAFaq → Pro forma financial information: illustrative examples of the application of the requirements on pro forma (special reference to item 5 of Annex II – letters (a) to (c)-) / a.──────────
b.──────────
c.──────────
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6. a.
b. / Pro forma adjustments related to the pro forma financial information must be:
-clearly shown and explained;
-directly attributable to the transaction;
-factually supportable.
In addition, in respect of a pro forma profit and loss or cash flow statement, they must be clearly identified as to those expected to have a continuing impact on the issuer and those which are not. / a.──────────
b.──────────
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7.
a.
b. / The report prepared by the independent accountants or auditorsmust state that in their opinion:
-the pro forma financial information has been properly compiled on the basis stated;
-that basis is consistent with the accounting policies of the issuer. / a.──────────
b.──────────
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-= End of Reference table =-
Netherlands Authority for the Financial Markets (AFM) - V.1.3 July 2012Page 1 of 2