Examples of Pool Price in a sentence
For ease of illustration, we have used the following values (excluding GST): IPS Sugar price: $500 Deductions: $100 QSL Pool Price: $600 In the example below, the cane payment of $400 (excluding GST) (i.e. the sugar price less deductions) is redirected to QSL when a Grower nominates QSL to be its GEI marketer.
On the basis the QSL Pool Price for the GEI sugar achieved is $600 (excluding GST), QSL will make a net payment of $540 to the Grower which is calculated as follows: $600 Pool Price for GEI Sugar; less $100 (excluding GST) for permitted deductions for Wilmar; plus $40 for the Grower’s net GST liability.
Grower 2 - Net deductions $466.23 (GST inclusive) 1 - Cane Wilmar QSL $16,527.50 (GST inclusive) ( Net GST Payable - $1,474.43 ) ( Net Cane Payables - $16,061.27 ) 3 - Cane payables redirected to QSL $16,061.27 4 – $11,951.55 = $9,188.32 + $16,061.27 - $13,298.04 (QSL Pool Price + Cane Payables redirected to QSL – GEI Sugar price) The below example is based on the first payment made to Growers under the Advances program, as per the example Wilmar RCTI and QSL Grower Statement on the following pages.
This is reflected in the QSL Grower Statement On the basis the QSL Pool Price for the GEI sugar achieved is $9,188.32, QSL will make a net payment of $11,951.54, this being the sum of the Grower’s sugar proceeds and the non-sugar component of Cane Pay passed on from Wilmar.
On the basis the QSL Pool Price for the GEI sugar achieved is $600 (excluding GST), QSL will make a net payment of $540 to the Grower which is calculated as follows: • $600 Pool Price for GEI Sugar; less • $100 (excluding GST) for permitted deductions for Wilmar; plus • $40 for the Grower’s net GST liability.