Relevant Financial Year definition
Examples of Relevant Financial Year in a sentence
If the Board is unable to agree on the annual budget submitted by the financial manager prior to the commencement of a particular Financial Year ("Relevant Financial Year"), the Company shall be operated in the Relevant Financial Year in accordance with the Budget for the Financial Year immediately preceding the Relevant Financial Year with an increase of 10% in all budgeted amounts.
Such compliance certificate shall include calculations and figures in respect of the Capital Cover Ratio and the Pro forma Recalculation and an extract of the most recent regulatory capital adequacy report prepared by the Parent and submitted to the Swedish FSA and the audited consolidated annual accounts for the group of companies comprising the Issuer and its Subsidiaries for the Relevant Financial Year.
In any Relevant Financial Year the original amount specified in column 2 in the table above shall be treated as having been incurred prior to Carry Back Amount carried back into that 0081727-0000042 SN:12155633.21 113 Relevant Financial Year and no amount carried back into that Relevant Financial Year may be carried forward into the Next Financial Year.
The Annual Plan shall set forth in detail with respect to the Relevant Financial Year (a) the annual operating and capital budgets for the Company, (b) the Company’s marketing strategy and (c) analysis of any other issues relevant to the operation and performance of the Company for the Relevant Financial Year as requested by the Board or determined by the General Manager in collaboration with the Deputy General Manager and the other Senior Management Staff.
The incentive bonuses shall be payable if the Company earns Profit After Tax (as defined below) in respect of each of the Company's financial years ending 30th June 1998, 30th June 1999 and 30th June 2000 respectively (each, a "Relevant Financial Year").