| Under Canadian GAAP, the company has bifurcated the proceeds between the shares and the warrants based on their relative fair values. |
| It generally corresponds to net income established in accordance with GAAP, excluding amortization expense. |
| The Group did not recognize goodwill in its IFRS balance sheet since in Swiss GAAP FER it was recognized as a deduction from equity. |
| The problem is that GAAP includes a lot of noncash charges and one-time expenses. |
| The actuary might use existing seriatim calculators as an approximation to CALM to establish GAAP policy liabilities at valuation dates. |
| However, both Canadian GAAP and IFRS include exceptions to this general rule. |
