ITA clarification no 23 - Business plan outputs during the transition period

Section 14.4 of the ITA states each version of the business plan to be submitted must include the following outputs:

Separate worksheets showing annual income statement, cashflow statements and balance sheets for the duration of the Licence Period; and Further separate worksheets showing the monthly income statement, cashflow statements and balance sheets for the Transition Period and the first two full years of the Licence.p. The purpose of submitting the business plans for the Transition Period are so that, for each Bidder, the Commission can understand expenditure incurred during the Transition Period and the means of financing such expenditure. There will be no revenues from games under the Licence during the Transition Period since the Licence will only be granted on 31 January 2009.

Bidders are also directed to clarification points 8, 16, 17, 18 and 22 for further information on the format of the business plan.

Issue date: 13 November