annual return means the return required to be made in the case of a company having a share capital, under section 132 and in the case of a company not having a share capital, under section 133;
Initial Return means the fair combined rate of return on common equity determined for such utility
Total Return means the annual compounded rate of return for an investment fund for a period that would equate the initial value to the redeemable value at the end of the period, expressed as a percentage, and determined by applying the following formula:
Nil Return has the meaning given to it in paragraph 3.3 of Framework Schedule 9 (Management Information);
old financial year means the financial year of an issuer that immediately precedes a transition year;