Annual Profit definition

Annual Profit in first paragraph means the current year pre-tax profit (excluding other benefits or losses, such as the put option right, the call option rights, the conversion rights and the redeem of overseas convertible bonds) before the deduction of the staff remuneration and director remuneration.
Sample 1Sample 2Sample 3
Annual Profit means the net income of the Company before interest expense, interest income, gain (loss) on sale of equipment, gain (loss) on investment, gain on sale of land, depreciation, amortization, taxes on income, extraordinary items, and the expense attributable to the grant of the Award, all as determined by the Accounting Firm using generally accepted accounting principles and as reflected on the Company’s certified Financial Statements to the extent shown or reflected on such Financial Statements. For this purpose, extraordinary items are those of a non-recurring and unusual nature, or resulting from unforeseen and atypical events, as determined by the Accounting Firm using generally accepted accounting principles and as reflected on the Company’s certified Financial Statements as certified by the Accounting Firm to the extent shown or reflected on such Financial Statements.
Sample 1Sample 2
Annual Profit in the preceding paragraph means the year's pre-tax benefits before deducting the distribution of employees' remuneration and directors and supervisors' remuneration.
Sample 1Sample 2Sample 3

Examples of Annual Profit in a sentence

  • The Concessionaire will provide an Annual Profit and Loss Statement to the Department in the form attached as Exhibit F.

  • The retention period commences from the date of submission of the last Annual Profit and Loss statement required in Paragraph 18 d.

  • The Department will re-assess the amount of the Security Deposit on an annual basis when the Concessionaire’s total gross sales are submitted in the Concessionaire’s Annual Profit and Loss Statement (Exhibit F) and upon any renewal, extension, or amendment to this Agreement.

  • Both the Monthly Reports of Total Gross Sales and the Annual Profit and Loss Statements will be based on source documents and books of original entry.

  • On 7 June 2019, MMJ announced its intention to distribute 20% of its annual profit after tax after excluding unrealised gains and losses on investments (Annual Profit).

  • The policy first applied in respect of the Annual Profit for the year ended 30 June 2020.

  • It is a profitable Shariah-compliant product and the actual profit may only be determined at the end of the Annual Profit Date depending on the return on investment.

  • Due to the nature of the underlying concept of this product, the actual profit may only be determined at the Annual Profit Date depending on the return of the investment.

  • Lexicon has established an Annual Profit Sharing Incentive Plan (the “Profit Sharing Plan”).

  • The Steering Group rejected this as a sustainable option, given the scale of the financial pressures on all partners to deliver savings, and felt this was counter to the strategic direction towards integration, transformation and asset collaboration.


More Definitions of Annual Profit

Annual Profit shall be the annual amounts listed on Exhibit A-1 which have been calculated to yield a projected [***] % financial internal rate of return on registered capital over the joint venture term of Seller.
Sample 1Sample 2
Annual Profit shall have the meaning ascribed thereto in Attachment X.
Sample 1Sample 2
Annual Profit means, in relation to any Accounting Period, the taxable profits of the Issuer for that Accounting Period (disregarding for this purpose interest on the PPNs for that Accounting Period (as computed in accordance with Section 2.14(a) and excluding all amounts in respect of the Nominal Profit Amount payable during that Accounting Period and after taking account of any losses from a previous Accounting Period) as computed under Irish taxation principles applicable to the Issuer.
Sample 1Sample 2
Annual Profit means, with respect to each fiscal year, the gross profit of the Company calculated on a cash basis during such period.] / [“Annual Revenue” means, with respect to each fiscal year, the gross revenue of the Company calculated on a cash basis during such period.]
Sample 1
Annual Profit means the "net income or loss" of the Company for each Determination Year after provision for state and federal and state income taxes. For the purposes of determining Annual Profit (A) the Company shall be considered an independent entity, which files separate and not consolidated income tax returns for each Determination Year; (B) the "net income or loss" of the Company shall be reduced by (1) the total amount of interest accrued for each Determination Year under that certain line of credit note, a copy of which is attached hereto as Exhibit 1, with an aggregate borrowing limit of $200,000 established by the Bank on the date of this Agreement for the benefit of the Company, whether paid or unpaid, to the extent not already taken into account in calculating such "net income or loss," and (2) any payments made by the Bank to the Company for services rendered or products sold to the Bank by the Company, which are not fees for the providing of mortgage broker services by the Company; and (C) the "net income or loss" of the Company shall be net of all expenses, including commissions and all costs of sales. [Reference Column 2 on Schedule A].
Sample 1

Related to Annual Profit

  • Operating Profit means the excess of Gross Revenues over the following deductions (“Deductions”) incurred by Manager, on behalf of Owner, in operating the Hotel:

  • Annual Net Sales means, with respect to any Calendar Year, the aggregate amount of the Net Sales for such Calendar Year.

  • Gross Profit means the sum produced by adding to the “net profit” the amount of the Insured “standing charges”, or if there be no “net profit”, the amount of the Insured “standing charges” less such a proportion of any net trading loss as the amount of the Insured “standing charges” bears to all the “standing charges” of the business.

  • Gross Operating Profit For any Fiscal Year, the excess of Gross Revenues for such Fiscal Year over Gross Operating Expenses for such Fiscal Year.

  • Total Profit means the aggregate amount (before taxes) of the following: (i) the amount received by Grantee pursuant to Issuer's repurchase of the Option (or any portion thereof) pursuant to Section 7, (ii) (x) the amount received by Grantee pursuant to Issuer's repurchase of Option Shares pursuant to Section 7, less (y) the Grantee's purchase price for such Option Shares, (iii) (x) the net cash amounts received by Grantee pursuant to the sale of Option Shares (or any other securities into which such Option Shares are converted or exchanged) to any unaffiliated party, less (y) the Grantee's purchase price of such Option Shares, (iv) any amounts received by Grantee on the transfer of the Option (or any portion thereof) to any unaffiliated party, and (v) any amount equivalent to the foregoing with respect to the Substitute Option.

  • Operating Profits means, as applied to any Person for any period, the operating income of such Person for such period, as determined in accordance with GAAP.

  • Annual EBITDA means, with respect to any Project or Minority Holding, as of the first day of each fiscal quarter for the immediately preceding consecutive four fiscal quarters, an amount equal to (i) total revenues relating to such Project or Minority Holding for such period, less (ii) total operating expenses relating to such Project or Minority Holding for such period (it being understood that the foregoing calculation shall exclude non-cash charges as determined in accordance with GAAP). Each of the foregoing amounts shall be determined by reference to the Borrower’s Statement of Operations for the applicable periods. An example of the foregoing calculation is set forth on Exhibit G hereto.

  • Non-Profit means a qualified non-profit entity as defined in Section 42(h)(5)(C), subsection 501(c)(3) or 501(c)(4) of the IRC and organized under Chapter 617, F.S., if a Florida Corporation, or organized under similar state law if organized in a jurisdiction other than Florida, to provide housing and other services on a not-for-profit basis, which owns at least 51 percent of the ownership interest in the Development held by the general partner or managing member entity, which shall receive at least 25 percent of the Developer fee, and which entity is acceptable to federal and state agencies and financial institutions as a Sponsor for affordable housing, as further described in Rule 67-48.0075, F.A.C.

  • Supplier Profit Margin means, in relation to a period, the Supplier Profit for the relevant period divided by the total Charges over the same period in respect of any Call Off Agreements and expressed as a percentage;

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Net Sales Revenue shall have the meaning as set out in Schedule "A"

  • Floating Profit/Loss means current profit/loss on Open Positions calculated at the current Quotes.

  • Annual Revenue means the Company’s or a business unit’s net sales for the Fiscal Year, determined in accordance with generally accepted accounting principles; provided, however, that prior to the Fiscal Year, the Committee shall determine whether any significant item(s) shall be excluded or included from the calculation of Annual Revenue with respect to one or more Participants.

  • Gross Profits means the gross profits calculated under section 4;

  • Program Year means the annual period beginning January 1 and ending December 31.

  • Sales Year means the calendar year during which the Company sold Cigarettes in a Beneficiary State requiring the deposit of QEF Principal.

  • Rate of Gross Profit means the gross profit earned expressed as a percentage of the turnover during the period between the date of the commencement of the business and the date of the incident.

  • Supplier Profit means, in relation to a period, the difference between the total Charges (in nominal cash flow terms but excluding any Deductions (as defined in Call Off Schedule 1 (Definitions)) and total Costs (in nominal cash flow terms) in respect of any Call Off Agreements for the relevant period;

  • Core Earnings means, with respect to any Person for any period, net income determined in accordance with GAAP of such Person and its consolidated subsidiaries and excluding (but only to the extent included in determining net income for such period) (i) non-cash equity compensation expense, (ii) the expenses incurred in connection with the formation of the Sponsor and the offering in connection therewith, including the initial underwriting discounts and commissions, (iii) acquisition costs from successful acquisitions (other than acquisitions made in the ordinary course of business), (iv) real property depreciation and amortization, (v) any unrealized gains or losses or other similar non-cash items that are included in net income for the current quarter, regardless of whether such items are included in other comprehensive income or loss, (vi) extraordinary or non-recurring gains or losses and (vii) one-time expenses, charges or gains relating to changes in GAAP; provided that Core Earnings shall, solely with respect to the Core Earnings attributable to any Non Wholly-Owned Consolidated Affiliate, only include the Consolidated Group Pro Rata Share of such attributable amount.

  • Budget means a resource, expressed in financial terms, proposed by the Board for the purpose of carrying out, for a specific period, any or all of the functions of the Trust.

  • Sales Revenue means receipts from the sale, lease, or rental of goods, services, or property;

  • DRS/Profile means the system for the uncertificated registration of ownership of securities pursuant to which ownership of ADSs is maintained on the books of the Depositary without the issuance of a physical certificate and transfer instructions may be given to allow for the automated transfer of ownership between the books of DTC and the Depositary. Ownership of ADSs held in DRS/Profile is evidenced by periodic statements issued by the Depositary to the Holders entitled thereto.

  • EBIT means, for any period, the net income of the Company and its Subsidiaries on a Consolidated basis for such period plus each of the following with respect to the Company and its Subsidiaries on a Consolidated basis to the extent utilized in determining such net income: (a) Interest Expense and (b) provision for taxes.

  • Annual Projections is defined in Section 6.2(a).

  • Operating Revenue means amounts accrued or charge to customers, cli- ents, and tenants, for the sale of prod- ucts manufactured or purchased for re- sale, for services, and for rentals of property held primarily for leasing to others. It includes both reimbursable costs and fees under cost-type con- tracts and percentage-of-completion sales accruals except that it includesonly the fee for management contracts under which the contractor acts essen- tially as an agent of the Government in the erection or operation of Govern- ment-owned facilities. It excludes inci- dental interest, dividends, royalty, and rental income, and proceeds from the sale of assets used in the business.

  • Annual Work Plan means each work plan approved by the Association under Section I.C of Schedule 2 to this Agreement for inclusion in the Project.