VMED » Topics » Net Income

These excerpts taken from the VMED 8-K filed Jan 4, 2005.
Net Income” means, in respect of any period and any Person, the net profit (or loss) after taxes of that Person for that period as determined in accordance with GAAP, excluding any adjustments to such net profit (or loss) relating to the application of fresh start accounting principles and including any profits (or losses) attributable to the interest of the TCN Group in any undertaking (as defined in Section 259 Companies Act 1985) which is not a subsidiary undertaking (as defined in Section 258 Companies Act 1985) of the Ultimate Parent for the relevant period.

 

Net Income” means, in respect of any period and any Person, the net profit (or loss) after taxes of that Person for that period as determined in accordance with GAAP, excluding any adjustments to such net profit (or loss) relating to the application of fresh start accounting principles and including any profits (or losses) attributable to the interest of the TCN Group in any undertaking (as defined in Section 259 Companies Act 1985) which is not a subsidiary undertaking (as defined in Section 258 Companies Act 1985) of the Ultimate Parent for the relevant period.

 

EXCERPTS ON THIS PAGE:

8-K (2 sections)
Jan 4, 2005
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