Gross Annual Turnover definition

Gross Annual Turnover or “Gross Revenue” means the pre-taxation gross revenues of the Concessionaire from all sources or amounts of money by whatever name called, that arise, accrue to and/or are received for any period including all amounts received (or which would have been received) by the Concessionaire from the operation of the Project/ Project Facilities including without limitation the monies towards the User Charges collected demanded, levied, received by from the Users and all other net amounts which fall (or would fall) to be credited to the profit and loss account of the Concessionaire for the Accounting Year in which the relevant period falls excluding (i) insurance proceeds except insurance indemnification for loss of revenue; and (ii) payments and/or monies collected by the Concessionaire for and on behalf of any Government Authorities under Applicable Laws. It is clarified that the amounts payable to the Authority under this Agreement shall not be deducted from Revenue/Gross Annual Turn Over;
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Gross Annual Turnover or "Revenue" means the pre- taxation gross revenues of the Authorisee for any period including all amounts received (or which would have been received) from the User Charges and all other net amounts which fall (or would fall) to be credited to the profit and loss account of the Authorisee for the Accounting Year in which the relevant period falls excluding (i) insurance proceeds except insurance indemnification for loss of revenue; and (ii) payments and/or monies collected by the Authorisee for and on behalf of any Government Authorities under Applicable Laws. It is clarified that the amounts payable to the Grantor under this Agreement shall not be deducted from Revenue/Gross Annual Turn Over ;
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Gross Annual Turnover or "Revenue" means the pre-taxation gross revenues of the Authorisee for any period including all amounts received (or which would have been received) from the User Charges and all other net amounts which fall (or would fall) to be credited to the profit and loss account of the Authorisee for the Accounting Year in which the relevant period falls excluding (i) insurance proceeds except insurance indemnification for loss of revenue; and (ii) payments and/or monies collected by the Authorisee for and on behalf of any Government Authorities under Applicable Laws. It is clarified that the amounts payable to the Grantor under this Agreement shall not be deducted from Revenue/Gross Annual Turn Over ;
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Examples of Gross Annual Turnover in a sentence

  • Please submit documentary evidence i.e. extract of Profit and Loss account, Balance Sheet & Income Tax return filed.Financial Years2017-182018-20192019 – 20Details of Gross Annual Turnover - (Rs. in Lac) Average Turnover in last three yearsINR in Lakhs List of present and past clients in the following format.

  • Please estimate Gross Annual Turnover / Income for the coming 12 months$7.

  • An employee requesting FMLA is required to utilize all accrued leave benefits before becoming eligible for unpaid leave.

  • S.No Details of Gross Annual Turnover during the last 3 financial years and bank solvency certificate must be furnished in the format as given at Annexure-D.

  • Gross Annual Turnover of the firm (in Rs. and as per audited financial statements & Return of Income) (Enclose Audited Financial Statements.

  • Financial Criteria:The Gross Annual Turnover of the party should be Rs. 50,00,000/- (Fifty Lacs) in the financial year for which experience has been claimed.(a) The financial criteria will be ascertained as per the Statutory Auditor Certificate.

  • Fax:......................................................Years in Business at this Address: .................................................................................................................................................Gross Annual Turnover: $ .............................................................................................................................................................

  • Agencies not meeting the necessary eligibility criteria will not be considered for further evaluations.⮚ Annual Turnover: The Agency’s minimum Gross Annual Turnover for last 3 consecutive financial years i.e. F.Y. 2017-18, 2018-19 and 2019-20 should be at least Rs. 5 Crores in each FY year as per audited balance sheets.

  • Fines start at the greater of R1.5 million or 2% of Gross Annual Turnover for a first offence, to the greater of R2.7 million or 10% of Gross Annual Turnover for a fourth offence.

  • A Licensed Operator shall calculate the Gross Annual Turnover for the Relevant Period as per step (9) of Table (1) in Annex (A).


More Definitions of Gross Annual Turnover

Gross Annual Turnover or “Gross Revenue” means the pre-taxation gross revenues of the Licensee from all sources or amounts of money by whatever name called, that arise, accrue to and/or are received for any period including all amounts received (or which would have been received) by the Licensee from the operation of the Project/any or all Project Components/Project Facilities including without limitation the monies towards the User Charges collected demanded, levied, received by from the Users and all other net amounts which fall (or would fall) to be credited to the profit and loss account of the Licensee for the Accounting Year in which the relevant period falls excluding (i) insurance proceeds except insurance indemnification for loss of revenue; (ii) payments and/or monies collected by the Licensee for and on behalf of any Government Authorities under Applicable Laws; and (iii) All statutory applicable indirect Taxes such as GST, expenditure tax, and the like by whatever name called now or in future, which the Licensee is bound to pay. It is clarified that the amounts payable to the Authority under this Agreement shall not be deducted from Gross Revenue/Gross Annual Turnover;
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Gross Annual Turnover or "Revenue" means the pre- taxation gross revenues of the Authorisee for any period including all amounts received (or which would have been received) from the User Charges and all other net amounts which fall (or would fall) to be credited to the profit and loss account of the Authorisee for the
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Related to Gross Annual Turnover

  • Annual Turnover means the actual turnover achieved during your first year of operations, from the commencement of your business to the date of the damage, converted to a 12-month equivalent figure.

  • Average Annual Compensation shall be an amount equal to the annual average of the sums of (x) the Executive’s annual Base Salary from the Company plus (y) the amount of Incentive Awards accrued by TNS for the Executive, in each case for the three calendar years that ended immediately before (or, if applicable, coincident with) the Change in Control Date;

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • Semi-Annual Period means each period of six-months, commencing on the first day of a Fiscal Year; provided that the first such period shall begin on July 1, 2013 and end on December 31, 2013.

  • Average annual payroll means the average of the annual

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • Average Annual Bonus means the average of the annual bonuses (if any) from the Company earned by the Executive with respect to the Bonus Fiscal Years during all or any portion of which the Executive was employed by the Company; and, provided, further, that, if the Executive was not employed by the Company during all or any portion of any of the Bonus Fiscal Years, “Average Annual Bonus” means zero.

  • Adjusted Total turnover means the turnover in a State or a Union territory, as defined under sub-section (112) of section 2, excluding the value of exempt supplies other than zero-rated supplies, during the relevant period;

  • Assigned Annual Special Tax means the Special Tax of that name described in Section D.

  • Total Revenues means revenues from all taxes and fees, excluding revenue from funds managed by local government on behalf of a specific third party, and does not include the proceeds from borrowing or asset sales.

  • Standard Turnover means the turnover achieved between the date of commencement of your business and the date of the damage, converted to the selected indemnity period.

  • Projected Annual Benefit means the annual retirement benefit (adjusted to an actuarially equivalent straight life annuity if such benefit is expressed in a form other than a straight life annuity or qualified joint and survivor annuity) to which the Member would be entitled under the terms of the plan assuming:

  • Average Annual Debt Service means, at the time of calculation, the sum of the Annual Debt Service for the remaining years of the loan to the last scheduled maturity of the loan divided by the number of those years.

  • Average annual rainfall means a typical calendar year of precipitation as determined by the Wisconsin Department of Natural Resources for users of models such as WinSLAMM, P8 or equivalent methodology. The average annual rainfall is chosen from a department publication for the location closest to the municipality.

  • Total Revenue bears the same meaning assigned to this expression in the Codes of Good Practice on Black Economic Empowerment, issued in terms of section 9(1) of the Broad-Based Black Economic Empowerment Act and promulgated in the Government Gazette on 9 February 2007;

  • Gross weight means the aggregate weight of a vehicle or combination of vehicles and the load

  • aggregate turnover means the aggregate value of all taxable supplies (excluding the value of inward supplies on which tax is payable by a person on reverse charge basis), exempt supplies, exports of goods or services or both and inter-State supplies of persons having the same Permanent Account Number, to be computed on all India basis but excludes central tax, State tax, Union territory tax, integrated tax and cess;

  • Gross Sales means the sum total of all retail sales of tangible personal property or services as

  • Gross Calorific Value of “GCV” shall mean that quantity of heat expressed in Kilowatt- hour produced by the complete combustion of one (1) normal cubic metre of Natural Gas at twenty-five (25) degrees Celsius and an absolute pressure of one decimal zero one three two five (1.01325) bar with excess air at the same temperature and pressure as the Natural Gas when the products of combustion are cooled to twenty-five (25) degrees Celsius and when the water formed by combustion is condensed to the liquid state and the products of combustion contain the same total mass of water vapor as the Natural Gas and air before combustion.

  • Base Annual Salary means the annual cash compensation relating to services performed during any calendar year, whether or not paid in such calendar year or included on the Federal Income Tax Form W-2 for such calendar year, excluding bonuses, commissions, overtime, fringe benefits, stock options, relocation expenses, incentive payments, non-monetary awards, directors fees and other fees, automobile and other allowances paid to a Participant for employment services rendered (whether or not such allowances are included in the Employee’s gross income). Base Annual Salary shall be calculated before reduction for compensation voluntarily deferred or contributed by the Participant pursuant to all qualified or non-qualified plans of any Employer and shall be calculated to include amounts not otherwise included in the Participant’s gross income under Code Sections 125, 132(f), 402(e)(3), 402(h), or 403(b) pursuant to plans established by any Employer; provided, however, that all such amounts will be included in compensation only to the extent that, had there been no such plan, the amount would have been payable in cash to the Employee.

  • Pro Rata Annual Bonus means the amount of Annual Bonus, multiplied by a fraction, the numerator of which is the number of days in such year during which the Executive was actually employed by the Company (or its predecessor) and the denominator of which is 365.

  • Semi-Annual Distribution Date means the "Distribution Dates" set forth under "Summary of Essential Financial Information--Estimated Distributions--Semi-Annual Distributions" in the Prospectus Part I for a Trust.

  • Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.

  • 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.

  • Monthly Average Subscriber Level means the average number of Subscribers of the Licensee in a particular month, as set forth in the applicable month’s Subscriber Report (refer Schedule D).

  • gross tonnage means the gross tonnage calculated in accordance with the tonnage measurement regulations contained in Annex I to the International Convention on Tonnage Measurement of Ships, 1969 or any successor Convention.