Financial years Clause Samples

The 'Financial years' clause defines the specific 12-month periods used by an organization for accounting and financial reporting purposes. Typically, it establishes the start and end dates of each financial year, which may align with the calendar year or follow a different schedule, such as from July 1 to June 30. By clearly specifying these periods, the clause ensures consistency in financial statements, budgeting, and compliance with regulatory requirements, thereby preventing confusion or disputes over which transactions belong to which financial year.
Financial years. (1) The first financial year of a Limited Liability Partnership starts on the day on which it is incorporated and lasts for 12 months or some other period not exceeding 18 months as may be determined by the Members. (2) The second and any subsequent financial year shall start at the end of the previous financial year and shall last for 12 months or some other period which is within 7 days either shorter or longer than 12 months as may be determined by the Members.
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Financial years. No Obligor shall change the duration of any of its financial years.
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Financial years. The following Reports are due for submission as follows: Reports 2010-11 Financial Year 2011-12 Financial Year 2012-13 Financial Year CLSP Plan* for agreement period Already submitted Not Required Not Required Annual Accrual Budget 31 July 2010 31 July 2011 31 July 2012 Excess Surplus Spending Proposal 31 October 2010 31 October 2011 31 October 2012 Annual Targets* Already submitted 1 May 2011 1 May 2012 Funds Report for 1st quarter 31 October 2010 31 October 2011 31 October 2012 Progress Report 1** for 6 months 31 January 2011 31 January 2012 31 January 2013 Funds Report for 2nd quarter (6 months) 31 January 2011 31 January 2012 31 January 2013 Funds Report for 3rd quarter (9 months) 30 April 2011 30 April 2012 30 April 2013 Progress Report 2 for 12 months 31 July 2011 31 July 2012 31 July 2013 Interim Funds Report for 4th quarter (12 months) 31 July 2011 31 July 2012 31 July 2013 Annual Report 31 October 2011 31 October 2012 31 October 2013 Audited Financial Statements including final Funds Report for 4th quarter (12 months) 31 October 2011 31 October 2012 31 October 2013 Certificate of Compliance (to be lodged after all other annual reports) 31 October 2011 31 October 2012 31 October 2013 Data submission – EVERY MONTH by 21st of the following month by 21st of the following month by 21st of the following month ** Not required for Organisations receiving up to $100,000 of Schedule 1 funds per Financial Year, excluding any one-off funds. This Schedule is established in respect of the / Financial Year
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Financial years. The first financial year of the Partnership shall run from the date of the formation of the Partnership up to and including 31 December 2000. In subsequent years, the financial year of the Partnership shall be concurrent with the calendar year.
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Financial years. In the event that during the course of a FINANCIAL YEAR the CENTRAL BILLING PARTY determines that the STANDING CHARGES of either SCARAB SYSTEM in that FINANCIAL YEAR will exceed the approved Estimated STANDING CHARGES by more than ten (10) percent, the CENTRAL BILLING PARTY shall provide the OPERATING COMMITTEE with revised estimate of STANDING CHARGES for its information.
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Financial years. 22 12.2 Preparation and Certification of Annual Financial Statements..
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Financial years. Neither Borrower, nor Kingsway America nor any of their Subsidiaries shall change their Financial Year end to a date which is other than December 31.
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Related to Financial years

  • Financial Year Unless the Directors otherwise prescribe, the financial year of the Company shall end on 31st December in each year and, following the year of incorporation, shall begin on 1st January in each year.

  • End of Fiscal Years; Fiscal Quarters The Borrower will cause (i) its and each of its Domestic Subsidiaries’ fiscal years to end on December 31 of each calendar year and (ii) its and each of its Domestic Subsidiaries’ fiscal quarters to end on March 31, June 30, September 30 and December 31 of each calendar year.

  • Fiscal Year End Change, or permit any Subsidiary of any Borrower to change, its fiscal year end.

  • Financial Statements; Fiscal Year The Current Financials were prepared in accordance with GAAP and present fairly, in all material respects, the consolidated financial condition, results of operations, and cash flows of the Companies as of, and for the portion of the fiscal year ending on the date or dates thereof (subject only to normal audit adjustments). All material liabilities of the Companies as of the date or dates of the Current Financials are reflected therein or in the notes thereto. Except for transactions directly related to, or specifically contemplated by, the Loan Documents or disclosed in the Current Financials, no subsequent material adverse changes have occurred in the consolidated financial condition of the Companies from that shown in the Current Financials. The fiscal year of each Company ends on December 31.

  • Fiscal Year The fiscal year of the Partnership shall be the calendar year.