Form 29—Trustee's Report on Cash-flow Statement
For persons to which the 2009 amendments do not apply
(Paragraphs 50(6)(b) and 50.4(2)(b) of the Act)
The attached statement of projected cash-flow of (name of insolvent person), as of the day of , consisting of (describe, including relevant dates), has been prepared by the management of the insolvent person for the purpose described in Note , using the probable and hypothetical assumptions set out in Notes .
Our review consisted of inquiries, analytical procedures and discussion related to information supplied to us by the management and employees of the insolvent person. Since hypothetical assumptions need not be supported, our procedures with respect to them were limited to evaluating whether they were consistent with the purpose of the projection. We have also reviewed the support provided by management for the probable assumptions and the preparation and presentation of the projection.
Based on our review, nothing has come to our attention that causes us to believe that, in all material respects,
(a) the hypothetical assumptions are not consistent with the purpose of the projection;
(b) as at the date of this report, the probable assumptions developed by management are not suitably supported and consistent with the plans of the insolvent person or do not provide a reasonable basis for the projection, given the hypothetical assumptions; or
(c) the projection does not reflect the probable and hypothetical assumptions.
Since the projection is based on assumptions regarding future events, actual results will vary from the information presented even if the hypothetical assumptions occur, and the variations may be material. Accordingly, we express no assurance as to whether the projection will be achieved.
The projection has been prepared solely for the purpose described in Note , and readers are cautioned that it may not be appropriate for other purposes.
Dated at , this day of .
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