A company which participates in the competition has to have a legal existence in at least one of the States, which are OCCAR Member’s States” (Germany, UK, Italy, France, Belgium and Spain).
The “Latest Annual financial Statement” requested in paragraph 10.4.1 refers to the providing by the firm’s candidate of:
- last certified Income statement (US) or profit and loss account (UK),
- last certified Balance sheet
- last turnover
The “standard legal information” means that the above mentioned documents have to be provided under the standard form: all accounts and financial statements should be presented in conformity with Generally Accepted Accounting Principles.