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 relation to contract liabilitiesThe following table shows how much of the revenue recognised in the current reporting period relates to carried-forward contract liabilities.

  • Revenue recognised in excess of billing and billing in excess of revenue recognised as per Accounting Standard-7, prescribed by the Companies Act, 1956, have been reflected under 'Other Current Assets' and 'Current Liabilities' respectively in the Balance Sheet.

  • Revenue recognised from construction contracts: Revenues from construction contracts are determined on the cost-plus basis with reference to the stage of completion.

  • 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 over time relates to fixed term maintenance and software contracts and is recognised on a straight-line basis over the life on an agreement.

  • Revenue recognised by the Group is required to reflect the right of return in its expectation for consideration to be received for a sale.

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

  • Revenue recognised in excess of billing is classified as unbilled revenue.Sale of Goods:Revenue is recognised on delivery/dispatch of goods when the significant risks and rewards of ownership of the goods have passed to the buyer.

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 2, as such industry classifications shall be updated at the option of the Facility Agent in its sole discretion if Moody’s publishes revised industry classifications.

  • 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.

  • 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 means the Western Cape government;

  • International Financial Reporting Standards means the accounting standards and interpretations adopted 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 —

  • Australian Accounting Standards refers to the standards of that name, as amended from time to time, that are maintained by the Australian Accounting Standards Board referred to in 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.

  • 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 tax means any Foreign Income Taxes or Foreign Other Taxes.