Replacement Expenditure definition

Replacement Expenditure or „REPEX’ means the expenditure incurred or projected to be incurred for replacement of capital assets on completion of their useful life but are not covered under the Repairs and Maintenance expenses;
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Replacement Expenditure means expenditure incurred on the provision of plant or machinery (“new plant or machinery”) intended to perform the same, or a similar function, for the purposes of the qualifying activity of the company, as other plant or machinery (“replaced plant or machinery”)—
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Examples of Replacement Expenditure in a sentence

  • However, all grant funding is excluded to establish the local government’s ability to cover its operational costs from its own sources of revenue.The Asset Sustainability Ratio is calculated as Capital Renewal and Replacement Expenditure over Depreciation Expense.

  • While the reported significance of the variable QSA contradicts the findings of Parry and Groves (1990) it is line with the evidence reported in a more recent study by Ahmed and Nicholls (1994) on Bangladesh.

  • The Asset Sustainability ratio is calculated as follows:Capital Renewal and Replacement Expenditure Depreciation expenditureThe City’s Asset Sustainability ratio for 2020-21 is 0.57, which is higher than the prior year’s ratio of 0.45 and lower than the 2018-19 ratio of 0.66.

  • Fig 3: Projected Capital Renewal and Replacement Expenditure Figure Values are in current (2018) dollars.Deferred renewal and replacement, i.e. those assets identified for renewal and/or replacement and not scheduled in capital works programs are included in the risk analysis process in the risk management plan.Renewals and replacement expenditure in the capital works program will be accommodated in the long term financial plan.

  • The recent Replacement Expenditure Planning Arrangements rule change made by the AEMC enhances transparency on DNSPs’ replacement expenditure in both their Annual Planning Reports and Regulatory Investment Test for Distribution (RIT-­D).

  • The National Electricity Amendments Rules on Replacement Expenditure Planning is supported by guidance developed by the Australian Energy Regulator through the Industry Practice Application Note on Asset Replacement Planning1.

  • Part 8Part 8, to the extent that funding is required for Asset Replacement Expenditure, Aurizon Network is obliged to undertake asset replacement works in order to meet its obligations under an Access Agreement, Aurizon Network will be responsible for the provision of that funding of Asset Replacement Expenditure as well as undertaking or procuring the undertaking of the asset replacement covered by that funding.

  • Replacement Expenditure (Repex) [GD1] The replacement or refurbishment of assets which are at the end of their useful life due to their age or condition, or need to be replaced on safety or environmental grounds.

  • We observe that the forecast is 79 AER Preliminary Decision Attachment 6, page 1080 AER Preliminary Decision Attachment 6, page 79-8081 Queensland Electrical Safety Act S2982 EMCa report to AER: Review of Proposed Network Augmentation and Replacement Expenditure in Ergon’s Regulatory Proposal 2015- 2020 Final version 8.3, 20/04/2015, page 70primarily based on the assumption that historical averages are reflective of expected future expenditures.

  • For more details on the preparation of the model refer to the 2015-20 Reset RIN Template 5.2 Basis of Preparation and Schedule 1 Section 6 of the Reset RIN Response.The Repex model has been calibrated to historical expenditure, in accordance with the ‘AER’s Replacement Expenditure Model Handbook’, published November 2013.22 Average costs are escalated to 2013-14 dollars by applying published CPI rates to past expenditures.

Related to Replacement Expenditure

  • Independent expenditure means an expenditure by a person:

  • Capital Expenditure means expenditure on: a) the acquisition of land and buildings; b) the erection, enlargement, improvement or demolition of any building including fixed plant, installation, wall, fence or other structure, or any playground or hard standing;

  • Planned Expenditures has the meaning specified in the definition of Excess Cash Flow.

  • Capital Expenditures means, with respect to any Person for any period, the aggregate amount of all expenditures (whether paid in cash or accrued as a liability) by such Person during that period for the acquisition or leasing (pursuant to a Capital Lease) of fixed or capital assets or additions to property, plant, or equipment (including replacements, capitalized repairs, and improvements) which should be capitalized on the balance sheet of such Person in accordance with GAAP.

  • Expenditure means the outlay of cash or the amount due and owing after receipt of goods or services included in the Scope of Work.

  • Emergency Expenditures means any of the eligible expenditures set forth in the CERC Manual referred to in Section I.F of Schedule 2 to this Agreement and required for the Contingent Emergency Response Part.

  • Eligible Expenditure means an expenditure described as eligible in Schedule B or deemed eligible by Canada in accordance with Section 4.2.