Audiovox 2012 Annual Report Download - page 125
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39 of 61
Annex 2.a
Base Net Debt Balance and Net Debt Balance
"Base Net Debt Balance" means the balance resulting from the following amounts shown for the balance sheet items
determined pursuant to Sec. 266 of the German Commercial Code ( Handelsgesetzbuch, HGB), each as shown in the Recent
Management Accounts:
1. Notes payable (Anleihen pursuant to Sec. 266 para. (3) lit. C. No. 1 HGB); plus
2. loans and other liabilities due to banks (Verbindlichkeiten gegenüber Kreditinstituten pursuant to Sec. 266 para. (3) lit.
C. No. 2 HGB) minus
3. cash and cash equivalents (Kassenbestand, Bundesbankguthaben, Guthaben bei Kreditinstituten und Schecks
pursuant to Sec. 266 para. (2) lit. B. IV. HGB)
= Base Net Debt Balance
“Net Debt Balance” shall have the same meaning as Base Net Debt Balance except that the basis of the individual amounts
shall be the Final Effective Date Accounts.
HAM-#3033739-v1P+P Pöllath+Partners /07.02.12/16:22