Backlog. Backlog represents the total estimated contract value of work that remains to be completed pursuant to outstanding contracts as at a certain date, net of estimated value added tax and is based on the Group’s assumption that the relevant contracts will be performed in accordance with their terms. Backlog is not a measure defined by generally accepted accounting principles. Any modification, termination or suspension of these contracts by the Group’s clients may have a substantial and immediate effect on the Group’s backlog. Projects may also remain in the Group’s backlog for an extended period of time beyond what was initially anticipated due to various factors beyond the Group’s control. The table below sets out the details of the total value of new contracts entered into by the Group and its backlog categorised by (1) business segments; (2) the industries in which the Group’s clients operate; (3) regions; and (4) clients of each of (i) China Petrochemical Corporation (“Sinopec Group”) and its associates and (ii) the non-Sinopec Group and its associates during the periods or as at the date indicated: Total of New Contract Value For the nine months ended 30 September 2015 Backlog As at 30 September 2015 Business segments (RMB thousand) Percentage (%) (RMB thousand) Percentage (%) Engineering, Consulting and Licensing 2,676,903 8.1% 7,312,672 6.9% EPC Contracting 19,652,509 59.6% 83,247,089 78.5% Construction 10,575,313 32.1% 15,325,292 14.5% Equipment Manufacturing 63,030 0.2% 123,048 0.1% Total 32,967,755 100% 106,008,101 100% Industries in which the Group’s clients operate Oil Refining 2,890,466 8.8% 25,838,216 24.4% Petrochemical 6,408,592 19.4% 21,244,586 20.0% New Coal Chemicals 5,602,294 17.0% 39,493,337 37.3% Other Industries 18,066,403 54.8% 19,431,962 18.3% Total 32,967,755 100% 106,008,101 100% Regions PRC 26,002,055 78.9% 76,974,486 72.6% Overseas 6,965,700 21.1% 29,033,615 27.4% Total 32,967,755 100.0% 106,008,101 100.0% Clients of each of (i) Sinopec Group and its associates and (ii) the non-Sinopec Group and its associates Sinopec Group and its associates 19,073,213 57.9% 46,516,584 43.9% Non-Sinopec Group and its associates 13,894,542 42.1% 59,491,517 56.1% Total 32,967,755 100.0% 106,008,101 100.0% The Board wishes to emphasise that the above information in relation to the representative new contracts, the total value of new contracts and backlog shall not constitute any forecast or prediction of the profits of the Group. This announcement i...
Backlog. Set forth on Schedule 2.13 is the backlog of orders that the Company is to ship or contract work to be performed as of the date hereof (the "Backlog"). The Company either possesses sufficient inventory of parts, materials and personnel to produce the same within their scheduled delivery dates or such parts or materials have lead times such that the Company can acquire such parts and materials in time to produce and ship or perform such backlog in accordance with the scheduled performance dates.
Backlog. As of the date hereof, the Seller has a backlog of firm ------- orders for the sale of products or services, for which revenues have not been recognized by the Seller, as set forth in Schedule 2.28. -------------
Backlog. We schedule production of our systems based upon our backlog, informal commitments from customers and sales projections. Our backlog consists of firm purchase orders by customers for delivery within the next twelve months. At December 31, 1999, order backlog amounted to $55.2 million, compared to $20.8 million at December 31, 1998. Anticipated orders from customers may fail to materialize and delivery schedules may be deferred or canceled for a number of reasons, including reductions in capital spending by cable television operators or changes in specific customer requirements. In addition, due to weather-related seasonal factors and annual capital spending budget cycles at many major end-users, our backlog at December 31, 1999 or any other date, is not necessarily indicative of actual sales for any succeeding period.
Backlog. As of the date hereof, each Company and each of its ------- Subsidiaries has a backlog of firm orders for the sale or lease of products or services, for which revenues have not been recognized by such Company or any Subsidiary, as set forth in Schedule 2.33. -------------
Backlog. Schedule 5.22 sets forth the backlog of orders that Seller is to ship and contract work to be performed as of May 31, 2003. Seller either possess sufficient inventory of parts, materials and personnel to produce the same within their scheduled delivery dates or such parts or materials have lead times such that Seller can acquire such parts and materials in time to produce and ship such backlog in accordance with its schedule shipping date.
Backlog. Section 4.22 of the Disclosure Schedules sets forth a true and complete description of Seller’s backlog as of the date hereof.
Backlog. Sellers have made available to Buyer a complete and accurate list of all unfilled orders for products or services of Sellers (other than Landbank) as of September 28, 2001 setting forth the date of such order and the current status.
Backlog. Schedule 3.23 sets forth as of June 30, 2011, a statement of the backlog of orders for the sale of products or services relating to the Business for which revenues have not been recognized. All of the items represented on the Backlog Report are reasonable and customary and have been incurred in the Ordinary Course of Business and are evidenced by contracts or purchase orders.
Backlog. The Company has a backlog of purchase orders for the sale of its products and services as set forth in Section 2.28 of the Disclosure Schedule. None of such orders has been cancelled or materially reduced, and each of such orders on backlog is at a price and on terms (including margin) consistent with the Company's past practices and the ordinary course of business.
