Accumulated Profits definition

Accumulated Profits means the accumulated net earnings or profits of the Employer.
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Accumulated Profits means the amounts lying to the credit of retained earnings , which have been built through undistributed profits and which form part of the reserves and surplus of the Company, as set forth in Clause 2.2 of this Scheme;
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Accumulated Profits means the undistributed profits of the Company as reflected in the accounts of the Company, which have been built over the years and which forms part of the reserves and surplus of the Company. The reserves and surplus of the Company includes the accumulated profits available in the General Reserve as well the balance in profit and loss accounts (retained earnings);
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Examples of Accumulated Profits in a sentence

  • Any balance remaining in the revaluation surplus in respect of an asset, is transferred directly to Accumulated Profits on retirement or disposal of the asset.

  • Formation of words (at least two from the given prefixes & suffixes) Legal Terms – Accumulated Profits, authority, Bailable, Bailee, banishment, body of laws, bad faith, caveat viator, claimant, clemency, company, consignment, convict, de jure, guardian, dichotomy of powers, abandon, defamation, cadaver, coercion.

  • The Accumulated Profits are well above the Company’s current and likely future operational needs.

  • Even after issue of Debentures by way of bonus by utilizing the Accumulated Profits, the Company would have sufficient cash resources to discharge its liabilities towards its creditors on time and in the ordinary course of its business.

  • Net Worth in case of Individuals and Partnership Firms = (Capital + Accumulated Profits + Reserves) OR (Total Assets – External Liabilities) duly certified by Chartered Accountant.

  • When a Partner ceases to be a Partner, unless contrary to the LLP Agreement, the ceasing or outgoing Partner or any other person entitled on his/her behalf to his/her share in consequence of death or insolvency of ceasing or outgoing Partner shall be entitled to an Amount equal to Capital Contribution (+) Accumulated Profits & Assets (-) Accumulated Losses & Liabilities.

  • Accumulated Profits The accumulated undistributed profits of the Company are attributable to shareholders whose names appeared on the register of members of the Company as of the completion date of the New Issues.

  • Accounting for Revaluation of Assets and Liabilities and distribution of reserves (Accumulated Profits).

  • Accordingly, the Company has proposed to issue secured, non-convertible, redeemable, fully paid-up Debentures, by way of bonus to all its Members as on the Record Date on pro rata basis (“ Debentures”), by utilizing the Accumulated Profits.

  • Further, upon taking into consideration the Company’s capability to generate strong cash flow and the Accumulated Profits being more than what is needed to fund the Company’s future growth, the Company is of the view that these excess funds can be optimally utilized to reward its members in such difficult and unprecedented times by way of distribution.


More Definitions of Accumulated Profits

Accumulated Profits means the retained earnings of the Company as reported on its audited financial statements.
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Accumulated Profits means, in the case of an Employer which is a corporation, Profits originating in prior Fiscal Years which have been retained by the Employer.
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Related to Accumulated Profits

  • Accumulated contributions means the sum of all

  • Gross Profits means the gross profits calculated under section 4;

  • Accumulation shall not exceed an amount equal to twice the annualized current vacation earnings rate of the employee. This is the employee’s “Maximum Balance.”

  • Common profits means the balance of all income, rents, profits and revenues from the common areas and facilities remaining after the deduction of the common expenses;

  • Investment Return means the investment return payable in respect of the Bond in accordance with Clause 5 Returns.

  • Program Income means gross in- come earned by the recipient that is di- rectly generated by a supported activ- ity or earned as a result of the award (see exclusions in § 215.24(e) and (h)). Program income includes, but is not limited to, income from fees for serv- ices performed, the use or rental of real or personal property acquired under federally-funded projects, the sale of commodities or items fabricated under an award, license fees and royalties on patents and copyrights, and interest on loans made with award funds. Interest earned on advances of Federal funds is not program income. Except as other- wise provided in Federal awarding agency regulations or the terms and conditions of the award, program in- come does not include the receipt of principal on loans, rebates, credits, dis- counts, etc., or interest earned on any of them.

  • Pre-Incentive Fee Net Investment Income means interest income, dividend income and any other income (including any other fees, other than fees for providing managerial assistance, such as commitment, origination, structuring, diligence and consulting fees or other fees that the Corporation receives from portfolio companies) accrued during the calendar quarter, minus the Corporation’s operating expenses for the quarter (including the Base Management Fee, expenses reimbursed to the Adviser under this Agreement and any interest expense and dividends paid on any issued and outstanding preferred stock, but excluding the Incentive Fee). Pre-Incentive Fee Net Investment Income includes, in the case of investments with a deferred interest feature (such as original issue discount debt instruments with payment-in-kind interest and zero coupon securities), accrued income that the Corporation has not yet received in cash. Pre-Incentive Fee Net Investment Income does not include any realized capital gains, realized capital losses or unrealized capital appreciation or depreciation.

  • Reinvestment Deferred Amount means, with respect to any Reinvestment Event, the aggregate amount of Net Cash Proceeds received by the Borrower or a Restricted Subsidiary in connection therewith that are not applied to prepay the Term Loans as a result of the delivery of a Reinvestment Notice.

  • Gross Operating Profit For any Fiscal Year, the excess of Gross Revenues for such Fiscal Year over Gross Operating Expenses for such Fiscal Year.

  • Interest Income means interest earned on the Funding;

  • Gross earnings means all monies earned by the Employee under the terms of this Collective Agreement.