Books and Accounts Audit and Overhead Charges. 14.3 Home Office Overhead Charges The contractor shall include the following percentages on total annual capital expenditure as overhead charges in calculating total operating costs. Expenditure Tranche ($ Million) % Capex of Operating Costs < 200 1.00 = or > 200 and < 400 0.75 = or > 400 and < 500 0.50 = or > 500 0.00 CLAUSE 15 ROYALTY AND TAXES
Books and Accounts Audit and Overhead Charges. 13.1 Books and Accounts The Operating Contractor shall be responsible for keeping complete books of accounts consistent with international petroleum industry and accounting practices and procedures. The statutory books and accounts of this Contract shall be kept in Naira and U.S. Dollars. All other books of accounts as the Operating Contractor may consider necessary shall be kept in columnar form in both Naira and U.S. Dollars.
Books and Accounts Audit and Overhead Charges
