definiens: means the net amount of cash, cash equivalents ( as adjusted upward in order to add back anycash investment payments ( i ) made, provided they are specifically set out in Exhibit 1 and committed as of the date hereofpursuant to written agreements, or ( ii ) made prior to or on the relevant date of the Trued Up Balance Sheet with approval byPurchaser ( as evidenced by a written approval by e - mail from the Parent ’s general counsel to either of the Executives),whereby such adjustment shall only be made once ), plus receivables net of any provisions, less payables, plus inventory net ofany provisions, and less accrued short - term taxes, of all of the Acquired Companies on a consolidated basis, all as of therelevant balance sheet date . When determining Net Working Capital, each balance sheet item ( including any provisionthereon ) shall be determined using IFRS applied on a basis consistent with past practices of the Company . Exhibit 1(b)contains a listing of the line items on the form of the Interim Balance Sheet and their allocation to the Net Working Capitalitems referred to above