11. Others
i. All sales transactions are final and there are no side agreements with customers or other terms that allow for the return of merchandise, except for conditions covered by the usual and customary warranties.
ii. Receivables reported in the annual financial statements represent valid claims against debtors for sales or other charges arising on or before the financial reporting date and appropriate provisions have been made for losses that may be sustained on uncollectible receivables.
iii. We have no plans or intentions that may materially alter the carrying value or classification of assets and liabilities reflected in the annual financial statements. We believe that the carrying amounts of all material assets will be recoverable.
iv. We have no plans to abandon lines of product or other plans or intentions on behalf of the Group and the Company that will result in any excess or obsolete inventory, and no inventory is stated at an amount in excess of net realizable value.
v. The Group and the Company have the ability and the intent to continue to hold long term investments on a long term basis. Provision has been made for losses to be sustained as a result of other-than-temporary declines in the fair value of investments.
vi. The Group and the Company have satisfactory title to all assets and there are no liens or encumbrances on their assets, except for those that are disclosed in Note 15 to the annual financial statements.