IFRS and consolidation services Who is TMF Group? We help global companies expand and As the business environment becomes increasingly invest seamlessly across international borders. Our expert accountants, corporate complex, how do you manage your reporting requirements? secretarial and HR and payroll professionals are located around the world, enabling clients to operate their corporate structures, IFRS services finance vehicles and investments in different geographic locations. In today’s globalised world, increased regulatory pressures and a desire for more financial transparency has resulted in more businesses adopting the International Financial Reporting Standards (IFRS). Today IFRS is used in more than 100 countries, including the With operations in more than majority of the G20 nations. Over the past 10 years, TMF Group has prepared IFRS financial 80 countries providing global statements for a growing number of global asset managers and corporate clients. compliance services, TMF Traditionally IFRS reporting was primarily for large or listed entities. However, it is now Group is the global expert that often part of the corporate accounting policy of multinational organisations and can also be understands local needs. a regulatory or financing requirement (e.g. for real estate, infrastructure and private equity deals executed by global asset managers).

How can we help? TMF Group understands that reliable financial reporting depends on strong internal accounting procedures. Our operations in Luxembourg have a designated team of qualified accountants with strong technical accounting capabilities that can deliver on complex IFRS reporting engagements. These services may include, for example:

 Analysis of the impact of adopting IFRS  Accounting policy conversion support (first time application)  Bookkeeping and accounting in accordance with IFRS requirements  Preparation of the IFRS financial statements (stand-alone or consolidated)  Tailored periodic financial reporting (monthly/quarterly/semi-annual/annual)  Auditor appointment and liaison  Filing

tmf-group.com Consolidation services A rapidly changing regulatory environment and constantly evolving accounting standards are changing the way many businesses organise their financial reporting process. Outsourcing your consolidated financial reporting is not just about cutting costs, but also process improvement. In any consolidation, the legal structure, economic characteristics Talk to our team and most importantly, the level of control determines the way investors account for their investments. Prior to making an investment, the investor must understand the impact on [email protected] its financial results, in particular the income statement, balance sheet, ratios and any other applicable covenants. The investor must also define the plan for integration of the investee and determine the appropriate financial reporting process.

How can we help? TMF Group and its Luxembourg operations have a growing number of multi-jurisdictional clients that require consolidated financial statements. Both our local and global platform has the following unrivalled consolidation capabilities:

 Global coordination of the consolidation procedure and process with a single point of contact  Monitoring and management of the full consolidation process  Reviewing and defining the financial reporting package for each investee and optimising the process  Preparation of the consolidated financial statements (IFRS or local GAAP)  Adhering to a tight investor reporting schedule

Global reach, Local knowledge TMF Group has more than 120 offices in over 80 jurisdictions across the Americas, Asia Pacific, Europe

Whilst we have taken reasonable steps to provide accurate and up to date information in this publication, we do not give any warranties and the Middle or representations, whether express or implied, in this respect. The information is subject to change without notice. The information contained in this publication is subject to changes in (tax) laws in different jurisdictions worldwide. East, including Sub None of the information contained in this publication constitutes an offer or solicitation for business, a recommendation with respect to our services, a recommendation to engage in any transaction or to engage us as a legal, tax, financial, investment or accounting advisor. No action should be taken on the basis of this information without first seeking independent professional advice. We shall not be liable Saharan Africa. for any loss or damage whatsoever arising as a result of your use of or reliance on the information contained herein. This is a publication of TMF Group B.V., P.O. Box 23393, 1100 DW Amsterdam, the Netherlands ([email protected]). TMF Group B.V. is part of TMF Group, consisting of a number of companies worldwide. Any group company is not a registered agent of another group company. A full list of the names, addresses and details of the regulatory status of the companies are available on our website: www.tmf-group.com. tmf-group.com © September 2015 TMF Group B.V.