CREL » Topics » Basis of presentation

These excerpts taken from the CREL 10-K filed Feb 8, 2008.
Basis of presentation
 
The Company purchased Cayman Ltd.  Holdco (“WinZip”) from affiliates of Vector Capital contemporaneously with the completion of the Company’s public offering on May 2, 2006. Prior to this transaction, the Company and WinZip were under common control. Because of this common control, these financial statements include the results of WinZip from January 18, 2005 (the date Vector Capital purchased WinZip).
 
On March 31, 2006, the Company effected a 1.0 for 11.7 reverse split of its share capital. Accordingly, the share, per share, and share option data appearing in the consolidated financial statements and notes has been adjusted for all periods to reflect the impact of the reverse split.
 
Basis
of presentation



 



The Company purchased Cayman Ltd.  Holdco
(“WinZip”) from affiliates of Vector Capital
contemporaneously with the completion of the Company’s
public offering on May 2, 2006. Prior to this transaction,
the Company and WinZip were under common control. Because of
this common control, these financial statements include the
results of WinZip from January 18, 2005 (the date Vector
Capital purchased WinZip).


 



On March 31, 2006, the Company effected a 1.0 for 11.7
reverse split of its share capital. Accordingly, the share, per
share, and share option data appearing in the consolidated
financial statements and notes has been adjusted for all periods
to reflect the impact of the reverse split.


 




This excerpt taken from the CREL 8-K filed Apr 18, 2007.
Basis of presentation
 
The consolidated financial statements have been prepared in United States (US) dollars and in accordance with accounting principles generally accepted in the United States (“US GAAP”). The Company was acquired by Vector Capital (“Vector Capital”), a venture capital group of companies based in California, on August 28, 2003. Vector Capital remains as the Company’s largest shareholder. This transaction was accounted for by the Company by allocating the purchase price paid by Vector Capital to its net assets (“push-down accounting”).
 
The Company purchased Cayman Ltd. Holdco (“WinZip”) from affiliates of Vector Capital contemporaneously with the completion of its public offering on May 2, 2006. Prior to this transaction, the Company and WinZip were under common control. Because of this common control, the Company included the results of WinZip from January 18, 2005 (the date Vector Capital purchased WinZip).
 
On March 31, 2006, the Company effected a 1.0 for 11.7 reverse split of its share capital. Accordingly, the share, per share, and share option data appearing in the consolidated financial statements and notes has been adjusted for all periods to reflect the impact of the reverse split.
 
This excerpt taken from the CREL 10-K filed Feb 23, 2007.
Basis of presentation
 
The consolidated financial statements have been prepared in United States (US) dollars and in accordance with accounting principles generally accepted in the United States (“US GAAP”). The Company was acquired by Vector Capital (“Vector Capital”), a venture capital group of companies based in California, on August 28, 2003. Vector Capital remains as the Company’s largest shareholder. This transaction was accounted for by the Company by allocating the purchase price paid by Vector Capital to its net assets (“push-down accounting”).
 
The Company purchased Cayman Ltd. Holdco (“WinZip”) from affiliates of Vector Capital contemporaneously with the completion of its public offering on May 2, 2006. Prior to this transaction, the Company and WinZip were under common control. Because of this common control, the Company included the results of WinZip from January 18, 2005 (the date Vector Capital purchased WinZip).
 
On March 31, 2006, the Company effected a 1.0 for 11.7 reverse split of its share capital. Accordingly, the share, per share, and share option data appearing in the consolidated financial statements and notes has been adjusted for all periods to reflect the impact of the reverse split.
 
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