Company Name GUM Form F 1/3
R*portinq Date 12
11123il
110
Prepared I
Additional. Information
in prior years this form included the auditors report; as noted in the
instructions AY A Co. will not be issuing an opinion on the individual
SATUS Company CT81s; therefore, the audit report will no longer be
portion of this form.
If the sections of the form below are not applicable, please indicate
by typina *NONE" in the space provided for the company response. If
the space provided is not adequate, supplemental schedules should be
used as necessary.
to:ltinatncies
The subject of contingencies has been dealt with by accounting
standards setting bodies in the US and in the UK; in the US accounting
fcr contingencies is governed by SPAS 5 *Accounting for Conzing*ncios%
and in the UK SSAP 10, which has the same title, governs the topic of
continaencies. The *spirit" of the two statements is the sane;
therefore, SPAS 5 can be used as a guide for dealing with contingencies
for CTS purposes. SPAS Interpr*tation-14, 'Reasonable Estimation of
the Amount of a Loss", can also be used for reference.
A contincency is defined as an *ex;sting condition, situation or sot of
c4rcumstances involving varying degrees of uncertainty that may,
throuch 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 qain or loss". Loss contingencies include, but are
not limited to, callectibility of receivables, property loss by f1ce,
explosion or other hazards, appropriation of assets, pending or
threatened litiqation, product warranties or defects, claims and
Assessments.
Lease obliqations have traditionally been disclosed an Form F as a
contincent liability because UK accounting ;ules do not recognize
capitalized leases. If your entity has capitalized leases, disclose
the lease obliqations 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
contincency in accordance with SPAS 5, please contact RATUS immediately
an! we will provide guidance an the proper disclosures to be entered in
the space provided.
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Company Name GMCC rorm F 2/3
Reporting Date I
Prepared 1'71W? -
Additional Information
Material Transactions Invovlinq Directors and Officers
Stits below whether you are aware of any significant transactions
involving directors and officers of your entity.or any affiliated
entity.
Positive responses should be sent under private and confidential cover
directly to R. A. Burton, Director of Accounting, BATUS Inc.
Related Party Transactions
The space provided below is to be used to report all material
transactions with affiliated companies. An affiliated compony is
defined as any company which is owned, wholly or in part, directly or
indirectly by RAT Industries Ltd. If you are uncertain as to whether a
particular company is a member of the BAT Group telephone BATUS for
futher quidance.
You art encouraq*4 to consult Statement of Auditing Standards No. 6,
'Related Party Transactions*, for guidance on disclosure of related
party transactions. AU 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 Q is
permissible In the case of items which appear on that schedule.
q%les to Affiliates
Superior Cosmetics 360
Gimbel Bros. 320
Saks 540
European Affiliates 3S
Royalties to BAC charged to Income 2034
Inventory Purchases from affiliates
Germain* Wonteil France 61
General Chemicals 3410
BAC - CANADA 03 r1i
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Advercising purchased from Beebe 1086 1085
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Company Name GMCC Form F 3/3
R"Cting Date 121311&Q
Propar*d 1129/91
Additional Informatien
Inter-Grouc Profits-or-Losses an Sale of Fixed Assets
When fixed assets have 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 loss must be stated. Any adjustments will be made by
BAT.
Subs*cu*nt Events
These events can be sub7divided into two main categories per BAT;
a) Events which will affect balance sheet figues because either:
They provide additional evidence relating to conditions
existing at the balance sheet date, thereby changing
estimates in the accounts i.e., insurance claims, bad debts,
discovery of errors, etc.
They are necessaryily or customarily reflected in accounts
because of their statutory or special nature i.e., tax
rates. .
b) Events which do not affect the balance sheet figures because
they concern conditions which did not exist at that time, but
which are of such materiality that their non-disclosure, would
sionificantly reduce the usefulness of the accounts i.e.,
material destruction of fixed assets or stocks i.*., major
chances in tradinq activities.
The items iA (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 ineprporate such
ad5ustments, and any items, not adjusted should be listed below.
Similarly, it is necessary to list items under (b). The taxation
effects of items should be disclosed, where relevant.
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