Valuation of Stock and Work in Progress Sample Clauses

Valuation of Stock and Work in Progress. The method of valuing stock and work-in-progress and the basis of depreciation and amortisation adopted in the Principal Accounts were the same as those adopted in the audited balance sheet for the two previous financial years.
Sample 1
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Valuation of Stock and Work in Progress. 5.4.1. For the purposes of the Audited Accounts: a) all stock in trade was valued at the lower of cost and net realisable value; and b) all work in progress was valued on a basis excluding profit, including proper provision for losses which are or could reasonably be anticipated. 5.4.2. None of the stock in trade of the Warthog Group is obsolete, redundant (being out of fashion or demand), unsaleable, deteriorated, slow moving or likely to realise less than its book value. 5.4.3. The respective amounts of raw materials, work in progress, finished goods, packaging and promotional material held or on order by the Warthog Group are appropriate and normal for its present level of business.
Sample 1
Valuation of Stock and Work in Progress. The accounting policies and bases and the method of valuing stock and work-in-progress used in the preparation of the Accounts were the same as those adopted in the accounts of the Hardware Business for the immediately preceding three financial periods. Any slow-moving stock and non-recoverable work-in-progress included in the Accounts was written down appropriately and any redundant or obsolete stock included in the Accounts was wholly written-off and the value attributed to the remaining stock and the raw material included in work-in-progress and finished stock did not exceed the lower of cost and net realisable value as at the Balance Sheet Date.
Sample 1
Valuation of Stock and Work in Progress. (1) For the purposes of the Audited Accounts all stock in trade was valued at the lower of cost and net realisable value and all work in progress was valued on a basis excluding profit, including proper provision for losses which are or could reasonably be anticipated. (2) None of the stock in trade of the Company is obsolete, redundant (being out of fashion or demand), slow moving or likely to realise less than its book value to any extent not provided for or reflected in the Company's books in accordance with accounting principles generally acceptable in Singapore. (3) The respective amounts of raw materials, work in progress, finished goods, packaging and promotional material held or on order by the Company are appropriate and normal for its present level of business.
Sample 1
Valuation of Stock and Work in Progress. The stock and work-in-progress were included in the Accounts at figures which:- 3.2.1 were based on the `first in first out' method of valuation with value given only to items of a quantity and quality useful or saleable in the normal course of carrying on the businesses of the Group Companies; and 3.2.2 were stated at the lower of (i) costs, and (ii) the amounts which could in the circumstances existing at the Balance Sheet Date reasonably be expected to be realised in the normal course of carrying on the businesses of the Group Companies (net of selling and distribution costs and estimated costs of completion).
Sample 1
Valuation of Stock and Work in Progress. For the purposes of the Accounts all stock in trade or inventory was valued at the lower of cost and net realisable value and amounts recoverable on contracts and all work in progress was valued on a basis excluding profit, including proper provision for losses which are or could reasonably be anticipated.
Sample 1
Valuation of Stock and Work in Progress. The stock-in-trade and work-in-progress were included in the Audited Accounts, the Management Accounts and the Singco Balance Sheet at figures which are in accordance with the accounting principles and standards generally accepted as at the relevant Accounts Date for the Audited Accounts and the Management Accounts Date for the Management Accounts and the Singco Balance Sheet in the country of incorporation of each Group Company, save as indicated in the notes to the Audited Accounts.
Sample 1
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Valuation of Stock and Work in Progress. In the Accounts: (i) stocks were valued in the same manner adopted in the two preceding accounting periods and on the basis of the lower of cost and net realisable value; (ii) all redundant and obsolete stocks were wholly written off and all slow moving and damaged stocks were written down appropriately and the value of the remaining stock included in the relevant balance sheets did not exceed the lower of cost and net realisable value as at the Last Accounting Date. (iii) the value of the work in progress shown in the Accounts properly reflects only the direct costs incurred by the Company.
Sample 1

Related to Valuation of Stock and Work in Progress

  • Aggregation of Stock All shares of Registrable Securities held or acquired by Affiliates shall be aggregated together for the purpose of determining the availability of any rights under this Agreement and such Affiliated persons may apportion such rights as among themselves in any manner they deem appropriate.

  • RESERVATION OF STOCK, ETC ISSUABLE ON EXERCISE OF WARRANT; FINANCIAL STATEMENTS. The Company will at all times reserve and keep available, solely for issuance and delivery on the exercise of the Warrants, all shares of Common Stock (or Other Securities) from time to time issuable on the exercise of the Warrant. This Warrant entitles the Holder hereof to receive copies of all financial and other information distributed or required to be distributed to the holders of the Company's Common Stock.

  • VALUATION OF SHARES The net asset value per share of the Acquiring Fund Shares shall be the net asset value per share computed as of the close of business on the New York Stock Exchange on the Valuation Date, using the valuation procedures set forth in the Trust’s Declaration of Trust and the Acquiring Fund’s then current prospectus and statement of additional information.

  • Shareholder Inspection of Stock Records Upon requests from Fund shareholders to inspect stock records, PFPC will notify the Fund and require instructions granting or denying each such request. Unless PFPC has acted contrary to the Fund's instructions, the Fund agrees to release PFPC from any liability for refusal of permission for a particular shareholder to inspect the Fund's shareholder records.

  • Aggregation of Shares If after the date hereof, and subject to the provisions of Section 4.6 hereof, the number of outstanding shares of Common Stock is decreased by a consolidation, combination, reverse stock split or reclassification of shares of Common Stock or other similar event, then, on the effective date of such consolidation, combination, reverse stock split, reclassification or similar event, the number of shares of Common Stock issuable on exercise of each Warrant shall be decreased in proportion to such decrease in outstanding shares of Common Stock.

  • Acquisition of Stock by Third Party Any Person (as defined below) is or becomes the Beneficial Owner (as defined below), directly or indirectly, of securities of the Company representing fifteen percent (15%) or more of the combined voting power of the Company’s then outstanding securities;

  • Termination of Stopped Work If a stop work order is not canceled and the work covered by such order is terminated for default or convenience, the reasonable costs resulting from the stop work order shall be allowed by adjustment or otherwise.

  • Reservation of Stock The Company will at all times reserve and keep available, solely for issuance and delivery upon the exercise of this Warrant, such number of Warrant Shares and other securities, cash and/or property, as from time to time shall be issuable upon the exercise of this Warrant.

  • Acquisition of Shares by Third Party Other than an affiliate of EVe Mobility Acquisition Sponsor I LLC, any Person (as defined below) is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing fifteen percent (15%) or more of the combined voting power of the Company’s then outstanding securities entitled to vote generally in the election of directors, unless (1) the change in the relative Beneficial Ownership of the Company’s securities by any Person results solely from a reduction in the aggregate number of outstanding shares entitled to vote generally in the election of directors, or (2) such acquisition was approved in advance by the Continuing Directors (as defined below) and such acquisition would not constitute a Change in Control under part (c) of this definition;

  • Delivery of Materials upon Termination of Employment As requested by the Company, from time to time and upon the termination of the Executive's employment with (or services for) the Company for any reason, the Executive will promptly deliver to the Company all property of the Company in the Executive's possession or within his control, including, without limitation, all copies and embodiments, in whatever form or medium, of all Confidential Information or Intellectual Property (including written records, notes, photographs, manuals, notebooks, documentation, program listings, flow charts, magnetic media, disks, diskettes, tapes and all other materials containing any Confidential Information or Intellectual Property), irrespective of the location or form of such property and, if requested by the Company, will provide the Company with written confirmation that all such property has been delivered to the Company and/or deleted from computers, as applicable.

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