In the Accounts. (a) stock (except long term contract balances) was valued in the same way as in the audited accounts of each Group Company for the two preceding financial years and on the basis of the lower of cost and net realisable value; (b) all redundant and obsolete stock was written off and all sold, moving and damaged stock was written down appropriately.
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Sources: Agreement for the Sale and Purchase of Shares (Dynatech Corp), Sale and Purchase Agreement (Krug International Corp)
In the Accounts. (a) stock (except long term contract balances) was valued in the same way as in the audited accounts of each Group Company the Vendor for the two preceding financial years and on the basis of the lower of cost and net realisable value;
(b) all redundant and obsolete stock was written off and all sold, moving and damaged stock was written down appropriately.
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In the Accounts. (a) 1. stock (except long term contract balances) was valued in the same way as in the audited accounts of each Group Company for the two preceding financial years and on the basis of the lower of cost and net realisable value;
(b) 2. all redundant and obsolete stock was written off and all sold, moving and damaged stock was written down appropriately.
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