Revenue recognised definition

Revenue recognised means the revenue for the contracts that has been recognised during the relevant year indicated for that particular business stream.
Sample 1Sample 2Sample 3
Revenue recognised means the revenue that has been recognised during the relevant year indicated.
Sample 1

Examples of Revenue recognised in a sentence

  • Revenue recognised on policies written through contracts with third parties, such as binding authorities and line slips, is estimated in full at the inception of such contracts and, therefore, this estimate is judgmental.

  • Revenue recognised in advance of cash being received or an invoice being raised is recognised as accrued income within contract assets and subsequently reclassified to receivables once an invoice is raised.

  • Revenue recognised under AASB 15 is measured at the amount which the Company expects to receive in consideration for satisfying performance obligations to a customer.

  • Revenue recognised at a point in time There are also contracts with customers, whereby the Group recognises revenue at a point in time when contracts are exchanged and the building work is physically complete.

  • Revenue recognised according to IFRS 15 partly includes fees from guarantees and other commitments (off-balance sheet items) as well as net revenue from Nykredit Markets, Asset Management and custody transactions, where revenue is recognised pursuant to the contractual provisions of the underlying agreements or price lists.

  • Revenue consists of:- Revenue recognised on rigbuilding, shipbuilding and repairs, property construction and long term engineering contracts;- Sale of goods;- Rendering of services; and- Rental income from investment properties.

  • The Neighbourhood Team will deploy from the base.A Community Base; is much smaller in size and it will provide: A small office, that may have IT provision enabling access to the Force network.

  • Revenue recognised in the income statement is analysed as follows.

  • Revenue recognised for the period represented sales of goods, net of value-added tax.

  • Revenue recognised in relation to these contracts in excess of billing is recognised as a Contract Asset.

Related to Revenue recognised

  • recognised clearing house means an organisation recognised as such pursuant to FSMA;

  • Moody’s Industry Classification means the industry classifications set forth in Schedule 4 hereto, as such industry classifications shall be updated at the option of the Servicer if Moody’s publishes revised industry classifications. The determination of which Moody’s Industry Classification to which an Obligor belongs shall be made in good faith by the Servicer.

  • Recognised Market means any stock exchange or market specified in the Prospectus provided that, with the exception of permitted investments in unlisted securities and off- exchange derivative instruments, investment in securities or financial derivative instruments will be made only in securities or financial derivative instruments listed or traded on an exchange or market (including derivative markets) which meets the regulatory criteria (regulated, operating regularly, recognised and open to the public) and which is listed in the Prospectus.

  • Recognised Clearing System means any clearing system listed in Section 246A of the Taxes Act (including, but not limited to, Euroclear, Clearstream Banking AG, Clearstream Banking SA and CREST) or any other system for clearing shares which is designated for the purposes of Chapter 1A in Part 27 of the Taxes Act, by the Irish Revenue Commissioners, as a recognised clearing system.

  • Financial aid means loans and/or grants to needy students

  • International Classification means the Classification established under the Locarno Agreement Establishing an International Classification for Industrial Designs;

  • government procurement means the process by which a government obtains the use of or acquires goods or services, or any combination thereof, for governmental purposes and not with a view to commercial sale or resale, or use in the production or supply of goods or services for commercial sale or resale;

  • Central Government means the Government of India;

  • Provincial Government The Government of the Province of [●].

  • International Financial Reporting Standards or “IFRS” means the accounting standards issued or endorsed by the International Accounting Standards Board.

  • Level of Government means the national and county level of government;

  • Tribal government means an Indian tribal government as defined in Section 3(32) of the Employee Retirement Income Security Act of 1974 (ERISA), as amended, or an agency or instrumentality of the trib- al government, that has government offices principally located in this state.

  • Revenue means the price for iron ore from the mineral lease the subject of any shipment or sale and payable by the purchaser thereof to the Company or an associated company less all export duties and export taxes payable to the Commonwealth on the export of the iron ore and all costs and charges properly incurred and payable by the Company from the time the ore shall be placed on ship at the Company’s wharf to the time the same is delivered and accepted by the purchaser including — (1) ocean freight; (2) marine insurance; (3) port and handling charges at the port of discharge; (4) all costs properly incurred in delivering the ore from port of discharge to the smelter and evidenced by relevant invoices; (5) all weighing sampling assaying inspection and representation costs; (6) all shipping agency charges after loading on and departure of ship from the Company’s wharf; and (7) all import taxes by the country of the port of discharge;

  • Australian Accounting Standards means the accounting standards made by the Australian Accounting Standards Board in accordance with section 227 of the Australian Securities and Investments Commission Act 2001 (Cth).

  • S&P Industry Classification The S&P Industry Classifications set forth in Schedule 2 hereto, which industry classifications may be updated at the option of the Collateral Manager if S&P publishes revised industry classifications.

  • Australian Government rebate means the private health insurance rebate that helps reduce the cost of health insurance. The rebate you are entitled to depends on your income and age and is indexed annually by the Australian Government.

  • International Accounting Standards means the accounting standards approved by the International Accounting Standards Board from time to time.

  • Contracting Government means any Government which has deposited an instrument of ratification or has given notice of adherence to this Convention.

  • Common Reporting Standard (CRS) means the Standard for Automatic Exchange of Financial Account Information (“AEOFAI”) in Tax Matters and was developed in response to the G20 request and approved by the Organisation for Economic Co-operation and Development (OECD) Council on 15 July 2014, calls on jurisdictions to obtain information from their financial institutions and automatically exchange that information with other jurisdictions on an annual basis. It sets out the financial account information to be exchanged, the financial institutions required to report, the different types of accounts and taxpayers covered, as well as common due diligence procedures to be followed by financial institutions.

  • Combined state and local revenue per membership pupil means the district’s combined state and local revenue divided by the district’s membership excluding special education pupils.

  • Recognised Futures Exchange means an international futures exchange which is recognised by the SFC or which is approved by the Manager.

  • Foreign government means any jurisdiction other than the one embraced within the United States, its territories, and its possessions.

  • National Road Traffic Act means the National Road Traffic Act, 1996 (Act 93 of 1996);

  • Foreign market vehicle means any motor vehicle originally manufactured outside the United States,

  • Net Economic Return shall have the meaning ascribed to such term in paragraph 2 of Exhibit E to the Lease.

  • Local unit of government means a county, township, city, or village.