Company Nama BATUS In Form F 1/3
Reporting Oat* DOSMr 11, 1980
Prepared January 29, 198,
Additional Information
In pcior years this form included the auditors report; as noted in the
instructions AY & Co. will not be issuing an opinion on the individual
BATUS Company CrB's; therefore, the audit report will no longer be a
pcrtion of this forM.
If the sections of the form below are not applicable, please indicate
by typing 'NOW in the space provided for the company response. If
the space provided is not adequate, supplemental schedules should be
used as necessary.
Contingencies
The subject of contingencies has been dealt with by accounting
standards setting bodies in the US and in the UK; in the US accounting
for contingencies is governed by SPAS 5 *Accounting for Contingencies*,
and in the UK SSAP 18, which has the, as= title, governs the topic of
contingencies. The *spirit* of the two statements is the same;
therefore, SFAS 5 can be used as a guide for dealing with contingencies
for CTS purposes. SPAS Interprotation-14, 'Reasonable Estimation of
the Amount of a Loss*, can also be used for reference.
A contingency is defined as an *existing condition, situation or set of
circumstances involving varying degrees of uncertainty that may#
through a related event, result in the acquisition or loss of an asset
or the incurrence or avoidance of a liability, usually with the
concurrence of a gain or lossm. Loss contingencies include, but are
not limited to, coll*ctibility of rec*Lvablest property loss by fire,
explosion or other haxards, appropriation of assets, pending or
threatened litigation, product warranties or defects, claims and
assessments.
Lease obligations have traditionally been disclosed on form P as a
contingent liability because UK accounting rules do not recognize
capitalixed leases. If y6ur entity has copLtalixed leases, disclose
the lease obligations in the same format as used for US reporting on a
supplement to this schedule.
If a condition or situation exists that fits the definition of a
contingency in accordance with SPAS 5, please contact SATUS immediately
and we will provide guidance on the proper disclosures to be entered in
the space provided.
Letter dated February 2, 1981 sent to R. G.
Baker by P. A. Burke with appropriate
information.
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Company Mame RATUS Inc. Form F 2/3
Reporting Data December ill 1900
Prepared January 29# 1951
Additional Information
Material Transactions Involving Directors and Officers
state below whether you are aware of any significant transactions
involving directors and officers of your entity or any affiliated
entity.
Letter dated February 9, 1981 sent to B. P.
Garraway by R. A. Burton with appropriate
information.
Related Party Transactions
The space provided below is to be used to report all material
transactions with affiliated companies. An affiliated company is
defined as any company which is owned, wholly or in part, directly or
indirectly by BAT Industries Ltd. If you are uncertain as to whether a
particular company is a member of the BAT Group telephone RATUS for
further guidance.
You are encouraged to consult Statement of Auditing Standards No. 6,
03telated Party, Transactions", for quidance an disclosure of related
party transactions. AD Section 335 of the AICPA Professional Standards
also contains information on this topic.
Transactions which should be disclosed include, but are not limited to,
royalties, service fees, interest Income, interest expense, current
accounts, loans and Intercompany sales. Reference to Form 0 is
permissible in the case of items which appear on that schedule.
Amount
Service Fee Income from Subsidiaries and Affiliates:
Brown & Williamson Tobacco Corporation $ 5116
Gimbel*-Saks Retailing Corporation 8120
Kohl Corporation 2100
Appleton Papers, Inc. $so
Total service fee Income 16224
Less amount attributable to the Retail Division 151041
$tll2C'
Interest Incomef Interest Expense, Current Accounts and Loans
Please refer to Form 0 for details. C=)
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Company Name RATUS Inc. Form P 3/3
Reporting Date December 31, 1960
Prepared January 39, 1981
Additional Information
Inter-Grouc Profits or Losses on Sale of Fixed Assets
Wh*n fixed assets hove been sold during the year to other companies in
the Group at a profit or loss exceeding in the aggregate $50,000, the
overall profit or lose must be stated. Any adjustments will be made by
BAT.
None
Subsequent Events
These events can be sub-divided into two main categories per BAT:
a) Events which will affect balance shoat fiques because either:
They provide additional evidence relating to conditions
:xilting at the balance shaet date, thereby changing
at mates in the accounts i.e., insurance claims, bad debts,
discovery of error*, etc.
They are necessarily or customarily reflected in accounts
b*caus* of their statutory or special nature i.e.# tax
rates.
b) Events which 6o not affect the balance shoot figures because
they concern conditions which did not exist at that time, but
which are of such materiality that their non-disclosure would
significantly reduce the usefulness; of the accounts i.e.,
material destruction of fixed assets or stocks I.e., major
changes in trading activities.
The items in (a) will normally be incorporated in the figures for the
consolidation returns as part of routine accounting. However, the
submission of the CTS should not be delayed purely to incorporate such
adjustments, and any Items not adjusted should be listed below.
Similarly, it is necessary to list item under (b). The taxation
effects of item should be disclosed, where relevant.
None
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