AMD 2000 Annual Report Download - page 205

Schedule 17
Financial Covenants
The financial covenants for AMD Saxony Manufacturing GmbH ("AMD Saxonia")
will be determined on the basis of the quarterly financial statements of
AMD Saxonia and other information provided by the management pursuant to
(S) 16.2.1 and the audited annual financial statements of AMD Saxonia and
the Auditor's confirmation pursuant to (S) 16.2.2 of this Agreement.
1. Definitions
Rolling Quarter Basis:
refers to the calculation of a ratio or of an amount at the end of a Fiscal
Quarter in each case covering the Fiscal Quarter in question and the three
preceding Fiscal Quarters
Tangible Net Worth:
Equity
plus 45 % of special items with equity portion ((S)(S) 273, in conjunction
with (S) 247, 3 Commercial Code)
plus Subordinated Shareholder Loans (less capitalised interest)
less capitalised start-up and business expansion expenses ((S) 269
Commercial Code)
less payments on account for fixed and Current Assets ((S) 266 2A II No.
3, 266 2 B I No.4 Commercial Code)
less accruals for deferred tax released from reserves ((S) 274 2 S 1
Commercial Code)
less intangible assets ((S) 266 2 A I Commercial Code)
= Tangible Net Worth
Equity:
subscribed share capital ((S) 266, 3A I Commercial Code) less amounts not
paid-up ((S) 272, 1S 3 Commercial Code)
plus additional capital reserves ((S) 266, 3A II Commercial Code)
plus revenue reserves ((S) 266, 3A, III Commercial Code)
plus/less retained profit/accumulated losses ((S) 266, 3A, IV Commercial
Code)
plus/less net income/net loss for the year ((S) 266, 3A, V Commercial
Code)
= Equity
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Source: ADVANCED MICRO DEVIC, 10-K405, March 20, 2001