Backlog. Backlog represents the total estimated contract value of work that remains to be completed pursuant to outstanding contracts as at a certain date, net of estimated value added tax and is based on the Group’s assumption that the relevant contracts will be performed in accordance with their terms. Backlog is not a measure defined by generally accepted accounting principles. Any modification, termination or suspension of these contracts by the Group’s clients may have a substantial and immediate effect on the Group’s backlog. Projects may also remain in the Group’s backlog for an extended period of time beyond what was initially anticipated due to various factors beyond the Group’s control. The table below sets out the details of the total value of new contracts entered into by the Group and its backlog categorised by (1) business segments; (2) the industries in which the Group’s clients operate; (3) regions; and (4) clients of each of (i) China Petrochemical Corporation (“Sinopec Group”) and its associates and (ii) the non-Sinopec Group and its associates during the periods or as at the date indicated: Total of New Contract Value Backlog Nine months ended 30 September 2014 As at 30 September 2014 (RMB thousand) Percentage (%) (RMB thousand) Percentage (%) Business segments Engineering, Consulting and Licensing 3,326,924 6.9% 6,847,919 6.4% EPC Contracting 30,968,079 64.7% 85,808,575 79.7% Construction 13,529,319 28.2% 14,914,134 13.8% Equipment Manufacturing 98,120 0.2% 151,261 0.1% Total 47,922,442 100.0% 107,721,889 100.0% Industries in which the Group’s clients operate Oil Refining 16,902,004 35.3% 29,377,026 27.3% Petrochemical 6,676,620 13.9% 21,230,623 19.7% New Coal Chemicals 17,209,532 35.9% 48,064,881 44.6% Other Industries 7,134,286 14.9% 9,049,359 8.4% Total 47,922,442 100.0% 107,721,889 100.0% Regions PRC 36,874,306 76.9% 78,985,664 73.3% Overseas 11,048,136 23.1% 28,736,225 26.7% Total 47,922,442 100.0% 107,721,889 100.0% Total of New Contract Value Backlog Nine months ended 30 September 2014 As at 30 September 2014 (RMB thousand) Percentage (%) (RMB thousand) Percentage (%) Clients of each of (i) Sinopec Group and its associates and (ii) the non-Sinopec Group and its associates Sinopec Group and its associates 14,545,313 30.4% 38,448,210 35.7% Non-Sinopec Group and its associates 33,377,129 69.6% 69,273,679 64.3% Total 47,922,442 100.0% 107,721,889 100.0% The Board wishes to emphasise that the above information in relation to the representative...
Backlog. Set forth on Schedule 2.13 is the backlog of orders that the Company is to ship or contract work to be performed as of the date hereof (the "Backlog"). The Company either possesses sufficient inventory of parts, materials and personnel to produce the same within their scheduled delivery dates or such parts or materials have lead times such that the Company can acquire such parts and materials in time to produce and ship or perform such backlog in accordance with the scheduled performance dates.
Backlog. As of the date hereof, the Seller has a backlog of firm ------- orders for the sale of products or services, for which revenues have not been recognized by the Seller, as set forth in Schedule 2.28. -------------
Backlog. As of December 27, 1998 the Company's backlog of firm orders for the Aerospace Segment was $418 million, of which it is anticipated that approximately one-half will be filled in 1999. The Company's backlog for the Aerospace Segment on December 28, 1997 was $364 million. As of December 27, 1998 the Company's backlog of firm orders for the Medical and Commercial segments was $21 million and $124 million, respectively. This compares with $26 million and $98 million, respectively, as of December 28, 1997. Substantially all of the December 27, 1998 backlog will be filled in 1999. Most of the Company's medical and commercial products are sold on orders calling for delivery within no more than a few months so that the backlog of such orders is not indicative of probable net sales in any future 12-month period. EMPLOYEES The Company had approximately 13,500 employees at December 27, 1998. EXECUTIVE OFFICERS The names and ages of all executive officers of the Company as of March 1, 1999 and the positions and offices with the Company held by each such officer are as follows: POSITIONS AND OFFICES NAME AGE WITH COMPANY Lennox K. Black 68 Chairman of the Board and Director Xxxxx X. Xxxxx 56 President, Chief Executive Officer and Director Xxxx X. Xxxxxxx 56 President, TFX Equities, Inc. Xx. Xxx X. Carriker 61 President and Chief Operating Officer, TFX Sermatech Xxxxxx X. Xxxxx, Xx. 49 Vice President and Chief Financial Officer Xxxxxx X. Chance 53 Vice President, General Counsel and Secretary Xxx Xxxxx 69 Senior Vice President Xxxxx X. Xxxxxxx 60 Vice President, Quality and Productivity Xxxxxx X. Xxxxx 56 Vice President, Human Resources Xxxxxx Xxxxxxxxx 45 Vice President, Investor Relations Xxxxxx X. Xxxxx 52 Assistant Treasurer Xxxxxxx X. Xxxxxxx 42 Controller and Chief Accounting Officer Xx. Xxxxx was elected President and Chief Executive Officer on April 28, 1995. Prior to that date he was President. Xx. Xxxxxxxx was named President and Chief Operating Officer, TFX Sermatech on January 3, 1994. Prior to that date he was President, Sermatech International. Xx. Xxxxxxx was named to the position of Vice President, Quality and Productivity on January 4, 1996. Prior to that date he was Vice President, Quality Management. Xx. Xxxxxxx was elected Controller and Chief Accounting Officer on April 24, 1998. Prior to that date he was Manager, Internal Auditing and Reporting. Officers are elected by the Board of Directors for one year terms. No family relationship exists among a...
Backlog. As of the date hereof, each Company and each of its ------- Subsidiaries has a backlog of firm orders for the sale or lease of products or services, for which revenues have not been recognized by such Company or any Subsidiary, as set forth in Schedule 2.33. -------------
Backlog. Schedule 5.22 sets forth the backlog of orders that Seller is to ship and contract work to be performed as of May 31, 2003. Seller either possess sufficient inventory of parts, materials and personnel to produce the same within their scheduled delivery dates or such parts or materials have lead times such that Seller can acquire such parts and materials in time to produce and ship such backlog in accordance with its schedule shipping date.
Backlog. We schedule production of our systems based upon our backlog, informal commitments from customers and sales projections. Our backlog consists of firm purchase orders by customers for delivery within the next twelve months. At December 31, 1999, order backlog amounted to $55.2 million, compared to $20.8 million at December 31, 1998. Anticipated orders from customers may fail to materialize and delivery schedules may be deferred or canceled for a number of reasons, including reductions in capital spending by cable television operators or changes in specific customer requirements. In addition, due to weather-related seasonal factors and annual capital spending budget cycles at many major end-users, our backlog at December 31, 1999 or any other date, is not necessarily indicative of actual sales for any succeeding period.
Backlog. Section 4.22 of the Disclosure Schedules sets forth a true and complete description of Seller’s backlog as of the date hereof.
Backlog. (a) As of the date hereof, the Company has a backlog of firm orders for the sale or lease of products or services, for which revenues have not been recognized by the Company, as set forth in Section 4.33(a) of the Company Disclosure Schedule. None of such orders have been, or to the knowledge of the Company are threatened to, or otherwise likely to be, cancelled.
Backlog. On the Closing Date, Seller shall deliver to Buyer a list of Contracts constituting the customer backlog of the Business as of the most recent practicable date prior to the Closing Date, which list shall be true, correct and complete.
