OTHER OPERATING INCOME Sample Clauses

OTHER OPERATING INCOME. Other operating income is made up of the following: (In thousands of EUR) 2008 2007 Amortization of deferred federal and state investment grants 6,564 4,150 Effect of exchange rate changes 3,302 0 Recycling of scrap 359 0 Reversal of accrued personnel-related expenses 299 0 Refunds of customs and energy tax 35 0 Grants related to personnel expenses 2 520 Other 193 189 Total 10,754 4,859 Amortization of deferred investment grants consists of EUR 3,450 (2007 EUR 2,244) thousand of the tax-free federal grant and EUR 3,114 (2007 EUR 1,906) thousand of taxable state grants. The amount amortized in 2008 includes a non-systematic transfer to the income statement of EUR 48 thousand made because of the impairment of the relevant assets resulting from the closure of parts of the plant. The effect of exchange rate changes includes a gain of EUR 2,601 thousand resulting from the measurement at market value of the forward exchange contracts at December 31, 2008. Miscellaneous other income includes income from the disposal of waste and from the charging out of costs.
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OTHER OPERATING INCOME. During 1997, other operating income increased $2.5 million (25.3%) to $12.4 million in 1997 compared to $9.9 million in 1996. The Company recorded $2.3 million of income related to a settlement of a claim arising from an investment that it made during the late 1980's. During the first quarter of 1997, the Company also sold its interest in a property held as other real estate for $1.5 million. As the property was previously written off, this amount is reflected as a gain on sale of other real estate. These increases to income were partially offset by decreases in gains on sale of investment securities available for sale of $.3 million and service fees of $.3 million. During 1996, the Company recorded $1.1 million of income from a refund of the over funding of its former thrift subsidiary's terminated benefits plan.
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OTHER OPERATING INCOME. During 1996, other operating income increased $2.1 million (26.5%) to $9.9 million in 1996 compared to $7.8 million in 1995. This increase was primarily due to the recording of $1.1 million of income from a refund of the over funding of a terminated benefits plan of the Company's former thrift subsidiary. The Company also experienced a gain on investment securities available for sale of $.4 million during this period. Additionally, the Company also recognized increased service fees along with increased interchange income brought about from the Company's WSB Check Card which was introduced during mid-1995.
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OTHER OPERATING INCOME. Other operating income represents the Company's 90% profit interest in the cardiovascular business in Japan effective April 1, 2000. For more information, see "Joint Venture in Japan" above. OTHER EXPENSE (INCOME), NET The increase in Other Expense (Income), net for the three and nine months ended September 30, 2000 results primarily from fluctuations in currency exchange rates related to global intercompany balances.
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OTHER OPERATING INCOME. In the six months to 30 June 2006, other operating income amounted to U.S.$430,000 and was primarily generated by non-core activities of the Group. In the fourteen weeks to 31 December 2005, other operating income amounted to U.S.$1,473,000 which included U.S.$1,274,000 in respect of foreign exchange gains. Distribution, administrative and other operating expenses In the six months to 30 June 2006, distribution, administrative and other operating expenses amounted to U.S.$10,620,000. This covers a broad range of cost categories which include, but are not limited to, certain staff costs, security costs and transportation costs. In the fourteen weeks to 31 December 2005, distribution, administrative and other operating expenses amounted to U.S.$7,680,000. Included within this figure were non-recurring items of U.S.$2,172,000 relating to the IPO and U.S.$2,887,000 relating to equity-settled share-based payments for directors’ options. Operating profit In the six months to 30 June 2006, operating profit amounted to U.S.$7,119,000 which is an operating profit margin of 22.5%. In the fourteen weeks to 31 December 2005, the operating loss amounted to U.S.$713,000. Adjusting for the non- recurring items (initial public offering costs, equity-settled share-based payments and the exceptional items included in cost of sales), results in an adjusted operating profit figure of U.S.$10,750,000. Net financing costs In the six months to 30 June 2006, net financing costs amounted to U.S.$888,000 made up of interest income and interest paid of U.S.$1,154,000 and U.S.$2,042,000, respectively. In the fourteen weeks to 31 December 2005, net financing costs amounted to U.S.$370,000, comprising income and expenses relating to financing of U.S.$277,000 and U.S.$647,000 respectively. Taxation In the six months to 30 June 2006, the taxation charge was U.S.$3,208,000. The corporate tax system in Kazakhastan is both evolving and subject to varying interpretations. In the fourteen weeks to 31 December 2005, the taxation charge amounted to U.S.$1,090,000 albeit that a pre-tax loss of U.S.$1,083,000 was incurred. The charge is greater than the statutory rates due to the impact of certain expenses not deductible for taxation. All current and deferred taxation is provided for. Profit/(loss) for the period For the six months to 30 June 2006, profit after tax amounted to U.S.$3,023,000, a profit after tax margin of 9.6%. In the fourteen weeks ended 31 December 2005, the loss after tax amoun...
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OTHER OPERATING INCOME. During 1995, other operating income decreased $1.9 million (19.2%) to $7.8 million in 1995 compared to $9.7 million in 1994. This decrease was primarily attributable to the $1.5 million net realized gain on sales of securities available for sale during 1994. The 1994 income was principally due to the liquidation of the mortgage-backed securities portfolio. The Company also recognized a $.4 million gain on sale of other real estate during 1994. OTHER OPERATING EXPENSE. Other operating expense increased $3.0 million (11.1%) to $30.2 million in 1995 from $27.2 million in 1994. Salary and employee benefits increased $.4 million primarily due to expenses relating to the opening of new facilities. Other real estate expense increased $2.7 million during this same period. This increase reflects a $1.5 million write-down of a property classified as other real estate during 1995. In addition, the Company incurred approximately $1.1 million in expenses related to this property during the year ended December 31, 1995. FDIC insurance premiums declined $.8 million (39.3%) to $1.2 million for the year ended December 31, 1995 from $2.0 million for the year ended December 31, 1994. This occurred due to the receipt by the Company's bank subsidiaries of reimbursement credits of approximately $.5 million as a result of being well-capitalized institutions and the over-funding of the insurance reserve of the Bank Insurance Fund of the FDIC and reduced FDIC insurance premiums. Occupancy expense and furniture and equipment expense increased $.5 million and $.2 million, respectively, for the year ended December 31, 1995. These increases were primarily due to expenses incurred with the opening and operation of new facilities. INCOME TAXES. Income tax expense declined $.7 million (7.6%) to $8.3 million in 1995 from $9.0 million in 1994. The lower income tax expense in 1995 was due to a reduction in the amounts provided for potential adjustments to prior years' income tax returns.
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Related to OTHER OPERATING INCOME

  • Net Operating Income For any Real Estate and for a given period, an amount equal to the sum of (a) the rents, common area reimbursements, and service and other income for such Real Estate for such period received in the ordinary course of business from tenants or licensees in occupancy paying rent (excluding pre-paid rents and revenues and security deposits except to the extent applied in satisfaction of tenants’ or licensees’ obligations for rent and any non-recurring fees, charges or amounts including, without limitation, set-up fees and termination fees) minus (b) all expenses paid or accrued and related to the ownership, operation or maintenance of such Real Estate for such period, including, but not limited to, taxes, assessments and the like, insurance, utilities, payroll costs, maintenance, repair and landscaping expenses, marketing expenses, and general and administrative expenses (including an appropriate allocation for legal, accounting, advertising, marketing and other expenses incurred in connection with such Real Estate, but specifically excluding general overhead expenses of REIT and its Subsidiaries, any property management fees and non recurring charges), minus (c) the greater of (i) actual property management expenses of such Real Estate, or (ii) an amount equal to three percent (3.0%) of the gross revenues from such Real Estate excluding straight line leveling adjustments required under GAAP and amortization of intangibles pursuant to FAS 141R, minus (d) all rents, common area reimbursements and other income for such Real Estate received from tenants or licensees in default of payment or other material obligations under their lease, or with respect to leases as to which the tenant or licensee or any guarantor thereunder is subject to any bankruptcy, reorganization, arrangement, insolvency, readjustment of debt, dissolution, liquidation or similar debtor relief proceeding.

  • Operating Cash Flow As used in this Agreement, “Operating Cash Flow” shall mean and be defined, for any fiscal period, as all cash receipts of the Partnership from whatever source (but excluding Capital Cash Flow and excluding the proceeds of any Capital Contributions to the Partnership) during such period in question in excess of all items of Partnership expense (other than non-cash expenses such as depreciation) and other cash needs of the Partnership, including, without limitation, amounts paid by the Partnership as principal on debts and advances, during such period, capital expenditures and any reserves (as determined by the Managing General Partner) established or increased during such period. Operating Cash Flow shall be distributed to or for the benefit of the Partners of record as of the applicable record date not less frequently than quarterly, and shall be allocated among the Partners as follows:

  • Consolidated Capital Expenditures Company shall not, and shall not permit its Subsidiaries to, make or incur Consolidated Capital Expenditures, in any Fiscal Year indicated below, in an aggregate amount in excess of the corresponding amount (the “Maximum Consolidated Capital Expenditures Amount”) set forth below opposite such Fiscal Year; provided that the Maximum Consolidated Capital Expenditures Amount for any Fiscal Year shall be increased by (i) an aggregate amount equal to the Net Securities Proceeds received by Company in such Fiscal Year from the issuance of any Capital Stock of Company or any of its Subsidiaries, but solely to the extent such Net Securities Proceeds are not applied to increase the limit under subsection 7.3(vi), (ii) to the extent Company and its Subsidiaries have generated Consolidated Excess Cash Flow in any Fiscal Quarter of such Fiscal Year in excess of $12,500,000, an amount not to exceed 50% of such excess (or 100% of such excess to the extent the Consolidated Leverage Ratio is less than 2.00:1.00 at the end of the preceding Fiscal Year), but solely to the extent that such excess is not applied to increase the limit under subsection 7.5(v), and (iii) (x) if the actual amount of Consolidated Capital Expenditures made in any Fiscal Year is less than the Maximum Consolidated Capital Expenditures Amount for such Fiscal Year (before giving effect to any increase pursuant to clause (i), (ii) or (iii) of this proviso), then an amount of such shortfall may be added to the Maximum Consolidated Capital Expenditures Amount for the immediately succeeding (but not any other) Fiscal Year and (y) in determining whether any amount is available for carryover to the succeeding Fiscal Year pursuant to the preceding subclause (iii)(x), the amount expended in any Fiscal Year shall first be deemed to be from any amount carried over to such Fiscal Year from the immediately preceding Fiscal Year and any other increases pursuant to clauses (i) or (ii) of this proviso: Fiscal Year Maximum Consolidated Capital Expenditures 2009 $ 125,000,000 2010 $ 150,000,000 2011 and each Fiscal Year thereafter $ 175,000,000

  • Consolidated Total Assets All assets of the Borrower and its Subsidiaries determined on a consolidated basis in accordance with GAAP.

  • EBITDA With respect to REIT and its Subsidiaries for any period (without duplication): (a) Net Income (or Loss) on a Consolidated basis, in accordance with GAAP, exclusive of the following (but only to the extent included in determination of such Net Income (Loss)): (i) depreciation and amortization expense; (ii) Interest Expense; (iii) income tax expense; (iv) Acquisition Closing Costs and extraordinary or non-recurring gains and losses (including, without limitation, gains and losses on the sale of assets) and income and expense allocated to minority owners; and (v) other non-cash items to the extent not actually paid as a cash expense; plus (b) such Person’s pro rata share of EBITDA of its Unconsolidated Affiliates as provided below. With respect to Unconsolidated Affiliates and Subsidiaries of Borrower that are not Wholly Owned Subsidiaries, EBITDA attributable to such entities shall be excluded but EBITDA shall include a Person’s Equity Percentage of Net Income (or Loss) from such Unconsolidated Affiliates or such Subsidiary of Borrower that is not a Wholly Owned Subsidiary plus its Equity Percentage of (i) depreciation and amortization expense; (ii) Interest Expense; (iii) income tax expense; (iv) Acquisition Closing Costs and extraordinary or non-recurring gains and losses (including, without limitation, gains and losses on the sale of assets) and income and expense allocated to minority owners; and (v) other non-cash items to the extent not actually paid as a cash expense.

  • Maximum Consolidated Capital Expenditures Holdings shall not, and shall not permit its Subsidiaries to, make or incur Consolidated Capital Expenditures, in any Fiscal Year, in an aggregate amount for Holdings and its Subsidiaries in excess of $125,000,000; provided, such amount for any Fiscal Year shall be increased by an amount equal to the excess, if any (but in no event more than $62,500,000), of such amount for the immediately preceding Fiscal Year (with the above scheduled amount for any Fiscal Year being used prior to any amount carried over from the preceding Fiscal Year) over the actual amount of Consolidated Capital Expenditures for such previous Fiscal Year; provided, further, so long as no Default shall have occurred and being continuing or would result therefrom, Holdings and its Subsidiaries may also make Consolidated Capital Expenditures in an amount not to exceed the Cumulative Growth Amount immediately prior to the making of such Consolidated Capital Expenditures (but the amount of Consolidated Capital Expenditures made from the Cumulative Growth Amount in any Fiscal Year shall not exceed 50% of the above scheduled amount of Consolidated Capital Expenditures that would have otherwise been permitted to made in such Fiscal Year pursuant to this Section 6.7(c)); and provided, further that for each Permitted Acquisition consummated in any Fiscal Year and, if consummated, the SDI Acquisition in the Fiscal Year ending December 31, 2011, the maximum amounts set forth above for such Fiscal Year and for every Fiscal Year thereafter shall be increased by an amount equal to 110% of the quotient obtained by dividing (A) the amount of Consolidated Capital Expenditures made by the acquired Person or business for the thirty-six month period immediately preceding the consummation of such Permitted Acquisition or SDI Acquisition as determined by the financial statements for such acquired Person or business by (B) three (3).

  • Property Cash Flow Allocation (a) During any Cash Management Period, all Rents deposited into the Deposit Account during the immediately preceding Interest Period shall be applied on each Payment Date as follows in the following order of priority:

  • Funds from Operations The ratio of Funds from Operations to Total Debt for such Relevant Entity in any fiscal year is greater than the ratio specified in the Election Sheet; or

  • Depreciation The Company treats Memorabilia and Collectibles assets as collectible and therefore will not depreciate or amortize the SERIES #JordanMagicLeBronTripleAutoJersey going forward. ScheduleXXXVII to Eleventh Amendment to Collectable Sports Assets, LLC Amended and Restated Limited Liability Company Agreement Exhibit 240 Series Designation of #UNITASPSA8, a series of Collectable Sports Assets, LLC Capitalized terms used but not defined herein have the meanings assigned to such terms in the Limited Liability Company Agreement of Collectable Sports Assets, LLC, as in effect as of the effective date set forth below (the “Agreement”). References to Sections and Articles set forth herein are references to Sections and Articles of the Agreement. Name of Series #UNITASPSA8, a series of Collectable Sports Assets, LLC, a Delaware limited liability company Date of establishment May 7, 2021 Managing Member CS Asset Manager, LLC, a Delaware limited liability company, is appointed as the Managing Member of #UNITASPSA8 with effect from the effective date hereof and shall continue to act as the Managing Member of #UNITASPSA8 until dissolution of #UNITASPSA8 pursuant to Section 11.1(b) or its removal and replacement pursuant to Section 4.3 or ARTICLE X. Initial Member CS Asset Manager, LLC, a Delaware limited liability company Series Asset The Series Assets of #UNITASPSA8 shall comprise the asset as further described in Schedule 1 attached hereto, which will be acquired by #UNITASPSA8 through that certain Consignment Agreement dated as of May 7, 2021, as it may be amended from time to time, and any assets and liabilities associated with such asset and such other assets and liabilities acquired by #UNITASPSA8 from time to time, as determined by the Managing Member in its sole discretion. Asset Manager CS Asset Manager, LLC, a Delaware limited liability company. Management Fee As stated in Section 7.1 of the Agreement. Issuance Subject to Section 6.3(a)(i), the maximum number of #UNITASPSA8 Interests the Company can issue may not exceed the purchase price, in the aggregate, of $50,000. Number of #UNITASPSA8 Interests held by the Managing Member and its Affiliates The Managing Member must purchase a minimum of 0.5% and may purchase additional #UNITASPSA8 Interests (including in excess of 10%), in its sole discretion, through the Offering. Broker Dalmore Group, LLC, a New York limited liability company. Brokerage Fee Up to 1.00% of the gross proceeds of the Interests from #UNITASPSA8 sold at the Initial Offering of the #UNITASPSA8 Interests (excluding the #UNITASPSA8 Interests acquired by any Person other than Investor Members). Other rights Holders of #UNITASPSA8 Interests shall have no conversion, exchange, sinking fund, redemption or appraisal rights, no preemptive rights to subscribe for any securities of the Company and no preferential rights to distributions of #UNITASPSA8 Interests. Officers There shall initially be no specific officers associated with #UNITASPSA8, although, the Managing Member may appoint Officers of #UNITASPSA8 from time to time, in its sole discretion. Aggregate Ownership Limit As stated in Section 1.1. Minimum Interests One (1) Interest per Member. Schedule 1 DESCRIPTION OF SERIES # UnitasPSA8 Investment Overview #UnitasPSA8 · Upon completion of the SERIES #UnitasPSA8 Offering, SERIES #UnitasPSA8 will purchase a Jxxx Xxxxxx 1957 Topps PSA 8 (The “Underlying Asset” with respect to SERIES #UnitasPSA8, as applicable), the specifications of which are set forth below.

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