Gross Profit means the sum produced by adding to the “net profit” the amount of the Insured “standing charges”, or if there be no “net profit”, the amount of the Insured “standing charges” less such a proportion of any net trading loss as the amount of the Insured “standing charges” bears to all the “standing charges” of the business.
Gross Profit means gross receipts minus the amount actually expended for the payment of prize awards.
Gross Profit means sales minus the cost of goods sold.
Examples of Gross Profit in a sentence
Historical financial performance and position of the Target Group 1.1.2019 to 31.12.2019 1.1.2020 to 31.12.2020 1.1.2021 to 30.09.2021 Revenue S$'000 - S$'000 295 S$'000 1,042 Cost of sales - (238) (709) Gross profit - 57 333 Other Income - 15,245 593 Administrative expenses (2) (393) (372) Finance Costs - (75) (3) Share of results to NCI - 187 (144) Profit/Loss Before Tax (2) 15,021 407 Taxation - - - Profit/Loss and Total Comprehensive (2) 15,021 407 Expenses for The Period after NCI I.
More Definitions of Gross Profit
Gross Profit has the meaning set forth in Section 3.2.
Gross Profit means the amount by which the sum of the Turnover and the amount of the closing stock and work in progress exceeds the sum of the opening stock and work in progress and the amount of the Uninsured Working Expenses.
Gross Profit means as to any Performance Period the difference between gross revenue of the Company or any business unit and cost of goods sold of the Company or such business unit, in each case determined in accordance with GAAP.
Gross Profit means the sum produced by adding to the “Net Profit” the amount of the Insured Standing Charges (as described at clause 4) or, if there is no “Net Profit”, the amount of the Insured Standing Charges less such a proportion of any net trading loss as the amount of the Insured Standing Charges bears to all Standing Charges of the business.
Gross Profit means sales revenue less cost of goods sold.
Gross Profit means, with respect to a fiscal year of the Company, the excess, if any, of (x) the sum of (i) the amount set forth in the Company's audited Consolidated Statements of Operations as set forth in the Company's annual report on Form 10-K (the "Income Statement") for such fiscal year with respect to the line item "Net income (loss)" plus (ii) the amount, if any, set forth in the Company's Income Statement for such fiscal year with respect to the line item "Income tax expense (benefit)", to the extent that there is "Income tax expense" less (iii) the amount, if any, set forth in the Company's Income Statement for such fiscal year with respect to the line item "Income tax expense (benefit)", to the extent that there is "Income tax (benefit)" plus (iv) the amount(s), if any, set forth in the Company's Income Statement for such fiscal year relating to any income tax expense included in any income or (loss) attributable to the discontinued operations and/or extraordinary items set forth in the Income Statement less (v) the amount(s), if any, set forth in the Company's Income Statement for such fiscal year relating to any income tax (benefit) included in any income or (loss) attributable to such discontinued operations and/or extraordinary items set forth in the Income Statement, over (y) the Excluded Amounts for such fiscal year.
Gross Profit means the amount by which: the sum of the Turnover and the amount of the closing stock and work in progress shall exceed the sum of the amount of the opening stock and work in progress and the amount of the Uninsured Working Expenses as set out in the Schedule.(The amounts of the opening and closing stocks and work in progress shall be arrived at in accordance with the Insured’s normal accountancy methods, due provision being made for depreciation. Where insured expenses are included in the Insured’s stocks and work in progress such amounts shall be excluded for the purpose of the Gross Profit Definition.)”