LensCrafters 2015 Annual Report Download - page 184
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Notes to the separate financial statements as of December 31, 2015 Page 4 of 77
• Bank of Italy/Consob/Isvap joint statement no. 4 dated March 3, 2010 concerning disclosures in financial reports
about impairment tests, terms of credit agreements, debt restructuring and the "fair value hierarchy”;
• Bank of Italy/Consob/Isvap joint statement no. 5 dated May 15, 2012 concerning the accounting treatment of
deferred tax assets arising from Italian Law 214/2011.
The financial statements have been prepared under the historical cost convention, with the exception of certain financial
assets and liabilities and stock options for which measurement at fair value is required.
The present financial statements have been prepared on a going concern basis since the Board of Directors has assessed
that there are no financial, operating or other indicators that might point to difficulties in the Company's ability to meet
its obligations in the foreseeable future and particularly in the next 12 months.