§ 210.8-05 - Pro forma financial information.  


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  • § 210.8-05 Pro forma financial information.

    (a) Pro forma information showing the effects of the acquisition shall be furnished if financial statements of a business acquired or to be acquired are presented.

    (b) Pro forma statements should be condensed, in columnar form showing pro forma adjustments and results, and should include the following:

    (1) If the transaction was consummated during the most recent fiscal year or subsequent interim period, pro forma statements of comprehensive income reflecting the combined operations of the entities for the latest fiscal year and interim period, if any; or

    (2) If consummation of the transaction has occurred or is probable after the date of the most recent balance sheet required by § 210.8-02 or § 210.8-03, a pro forma balance sheet giving effect to the combination as of the date of the most recent balance sheet. For a purchase, pro forma statements of comprehensive income reflecting the combined operations of the entities for the latest fiscal year and interim period, if any, are required.

    [73 FR 953, Jan. 4, 2008, as amended at 83 FR 50204, Oct. 4, 2018

    financial information must be disclosed when any of the conditions in § 210.11-01 exist.

    (b) The preparation, presentation, and disclosure of pro forma financial information must comply with §§ 210.11-01 through 210.11-03 (Article 11), except that the pro forma financial information may be condensed pursuant to § 210.8-03(a).

    [85 FR 54066, Aug. 31, 2020]