APPENDIX 2 - Euroleague Basketball

All documents provided by the club will be in English.
For the purpose of the spirit of financial stability and fair play, it is forbidden
to circumvent the present regulations.
Article 4. Analysis and Assessment of Documents
Once the documents have been submitted, they will be analysed by the
Management Control Commission. The club will reply to all requests for
clarifications and complementary information that it receives so that the
Management Control Commission can have a reliable image of its financial
and accounting position.
The reports on analyses based on parameters will be provided. They will
have to be completed according to the following criteria (IAS criteria):
Going Concern: financial statements prepared on the assumption that the
club is a going concern and will continue in operation for the foreseeable
future;
Accrual Basis for Accounting: transactions and events are recognised when
they occur (and not when cash or its equivalent is received or paid) and
they are entered in the accounting records and reported in the financial
statements of the period to which they relate;
Consistency: the presentation and classification of items in the financial
statements will be retained from one period to another;
Offsetting: assets and liabilities will not be offset;
Relevance: financial statements provide information that is relevant to the
decision-making needs of users; and
Reliability: financial statements represent faithfully the result and the
financial position of the club and reflect the economic substance of events
and transactions and not merely the legal form. They are also neutral (free
from bias), prudent and complete in all material aspects.
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