OTHER OPERATING INCOME Sample Clauses

OTHER OPERATING INCOME. Other operating income is made up of the following: (In thousands of EUR) 2008 2007 Amortization of deferred federal and state investment grants 6,564 4,150 Effect of exchange rate changes 3,302 0 Recycling of scrap 359 0 Reversal of accrued personnel-related expenses 299 0 Refunds of customs and energy tax 35 0 Grants related to personnel expenses 2 520 Other 193 189 Total 10,754 4,859 Amortization of deferred investment grants consists of EUR 3,450 (2007 EUR 2,244) thousand of the tax-free federal grant and EUR 3,114 (2007 EUR 1,906) thousand of taxable state grants. The amount amortized in 2008 includes a non-systematic transfer to the income statement of EUR 48 thousand made because of the impairment of the relevant assets resulting from the closure of parts of the plant. The effect of exchange rate changes includes a gain of EUR 2,601 thousand resulting from the measurement at market value of the forward exchange contracts at December 31, 2008. Miscellaneous other income includes income from the disposal of waste and from the charging out of costs.
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OTHER OPERATING INCOME. During 1997, other operating income increased $2.5 million (25.3%) to $12.4 million in 1997 compared to $9.9 million in 1996. The Company recorded $2.3 million of income related to a settlement of a claim arising from an investment that it made during the late 1980's. During the first quarter of 1997, the Company also sold its interest in a property held as other real estate for $1.5 million. As the property was previously written off, this amount is reflected as a gain on sale of other real estate. These increases to income were partially offset by decreases in gains on sale of investment securities available for sale of $.3 million and service fees of $.3 million. During 1996, the Company recorded $1.1 million of income from a refund of the over funding of its former thrift subsidiary's terminated benefits plan.
OTHER OPERATING INCOME. During 1996, other operating income increased $2.1 million (26.5%) to $9.9 million in 1996 compared to $7.8 million in 1995. This increase was primarily due to the recording of $1.1 million of income from a refund of the over funding of a terminated benefits plan of the Company's former thrift subsidiary. The Company also experienced a gain on investment securities available for sale of $.4 million during this period. Additionally, the Company also recognized increased service fees along with increased interchange income brought about from the Company's WSB Check Card which was introduced during mid-1995.
OTHER OPERATING INCOME. During 1995, other operating income decreased $1.9 million (19.2%) to $7.8 million in 1995 compared to $9.7 million in 1994. This decrease was primarily attributable to the $1.5 million net realized gain on sales of securities available for sale during 1994. The 1994 income was principally due to the liquidation of the mortgage-backed securities portfolio. The Company also recognized a $.4 million gain on sale of other real estate during 1994. OTHER OPERATING EXPENSE. Other operating expense increased $3.0 million (11.1%) to $30.2 million in 1995 from $27.2 million in 1994. Salary and employee benefits increased $.4 million primarily due to expenses relating to the opening of new facilities. Other real estate expense increased $2.7 million during this same period. This increase reflects a $1.5 million write-down of a property classified as other real estate during 1995. In addition, the Company incurred approximately $1.1 million in expenses related to this property during the year ended December 31, 1995. FDIC insurance premiums declined $.8 million (39.3%) to $1.2 million for the year ended December 31, 1995 from $2.0 million for the year ended December 31, 1994. This occurred due to the receipt by the Company's bank subsidiaries of reimbursement credits of approximately $.5 million as a result of being well-capitalized institutions and the over-funding of the insurance reserve of the Bank Insurance Fund of the FDIC and reduced FDIC insurance premiums. Occupancy expense and furniture and equipment expense increased $.5 million and $.2 million, respectively, for the year ended December 31, 1995. These increases were primarily due to expenses incurred with the opening and operation of new facilities. INCOME TAXES. Income tax expense declined $.7 million (7.6%) to $8.3 million in 1995 from $9.0 million in 1994. The lower income tax expense in 1995 was due to a reduction in the amounts provided for potential adjustments to prior years' income tax returns.
OTHER OPERATING INCOME. In the six months to 30 June 2006, other operating income amounted to U.S.$430,000 and was primarily generated by non-core activities of the Group. In the fourteen weeks to 31 December 2005, other operating income amounted to U.S.$1,473,000 which included U.S.$1,274,000 in respect of foreign exchange gains. Distribution, administrative and other operating expenses In the six months to 30 June 2006, distribution, administrative and other operating expenses amounted to U.S.$10,620,000. This covers a broad range of cost categories which include, but are not limited to, certain staff costs, security costs and transportation costs. In the fourteen weeks to 31 December 2005, distribution, administrative and other operating expenses amounted to U.S.$7,680,000. Included within this figure were non-recurring items of U.S.$2,172,000 relating to the IPO and U.S.$2,887,000 relating to equity-settled share-based payments for directors’ options. Operating profit In the six months to 30 June 2006, operating profit amounted to U.S.$7,119,000 which is an operating profit margin of 22.5%. In the fourteen weeks to 31 December 2005, the operating loss amounted to U.S.$713,000. Adjusting for the non- recurring items (initial public offering costs, equity-settled share-based payments and the exceptional items included in cost of sales), results in an adjusted operating profit figure of U.S.$10,750,000. Net financing costs In the six months to 30 June 2006, net financing costs amounted to U.S.$888,000 made up of interest income and interest paid of U.S.$1,154,000 and U.S.$2,042,000, respectively. In the fourteen weeks to 31 December 2005, net financing costs amounted to U.S.$370,000, comprising income and expenses relating to financing of U.S.$277,000 and U.S.$647,000 respectively. Taxation In the six months to 30 June 2006, the taxation charge was U.S.$3,208,000. The corporate tax system in Kazakhastan is both evolving and subject to varying interpretations. In the fourteen weeks to 31 December 2005, the taxation charge amounted to U.S.$1,090,000 albeit that a pre-tax loss of U.S.$1,083,000 was incurred. The charge is greater than the statutory rates due to the impact of certain expenses not deductible for taxation. All current and deferred taxation is provided for. Profit/(loss) for the period For the six months to 30 June 2006, profit after tax amounted to U.S.$3,023,000, a profit after tax margin of 9.6%. In the fourteen weeks ended 31 December 2005, the loss after tax amoun...
OTHER OPERATING INCOME. Other operating income represents the Company's 90% profit interest in the cardiovascular business in Japan effective April 1, 2000. For more information, see "Joint Venture in Japan" above. OTHER EXPENSE (INCOME), NET The increase in Other Expense (Income), net for the three and nine months ended September 30, 2000 results primarily from fluctuations in currency exchange rates related to global intercompany balances.

Related to OTHER OPERATING INCOME

  • Net Operating Income For any Real Estate and for a given period, an amount equal to the sum of (a) the rents, common area reimbursements, and service and other income for such Real Estate for such period received in the ordinary course of business from tenants or licensees in occupancy paying rent (excluding pre-paid rents and revenues and security deposits except to the extent applied in satisfaction of tenants’ or licensees’ obligations for rent and any non-recurring fees, charges or amounts including, without limitation, set-up fees and termination fees) minus (b) all expenses paid or accrued and related to the ownership, operation or maintenance of such Real Estate for such period, including, but not limited to, taxes, assessments and the like, insurance, utilities, payroll costs, maintenance, repair and landscaping expenses, marketing expenses, and general and administrative expenses (including an appropriate allocation for legal, accounting, advertising, marketing and other expenses incurred in connection with such Real Estate, but specifically excluding general overhead expenses of REIT and its Subsidiaries, any property management fees and non recurring charges), minus (c) the greater of (i) actual property management expenses of such Real Estate, or (ii) an amount equal to three percent (3.0%) of the gross revenues from such Real Estate excluding straight line leveling adjustments required under GAAP and amortization of intangibles pursuant to FAS 141R, minus (d) all rents, common area reimbursements and other income for such Real Estate received from tenants or licensees in default of payment or other material obligations under their lease, or with respect to leases as to which the tenant or licensee or any guarantor thereunder is subject to any bankruptcy, reorganization, arrangement, insolvency, readjustment of debt, dissolution, liquidation or similar debtor relief proceeding.

  • Consolidated Capital Expenditures (i) Company will not, and will not permit any of its Subsidiaries to, make or commit to make Consolidated Capital Expenditures in any Fiscal Year, beginning with the Fiscal Year ending December 31, 2003, except Consolidated Capital Expenditures which do not aggregate in excess of the corresponding amount set forth below opposite such Fiscal Year: Fiscal Year Consolidated Capital Expenditures Fiscal Year ending December 31, 2003 $ 5,000,000 Fiscal Year ending December 31, 2004 $ 5,000,000 Fiscal Year ending December 31, 2005 and each Fiscal Year thereafter $ 7,000,000 provided that (a) if the aggregate amount of Consolidated Capital Expenditures actually made in any such Fiscal Year shall be less than the limit with respect thereto set forth above (before giving effect to any increase therein pursuant to this proviso) (the “Base Amount”), then the amount of such shortfall (up to an amount equal to 50% of the Base Amount for such Fiscal Year, without giving effect to this proviso) may be added to the amount of such Consolidated Capital Expenditures permitted for the immediately succeeding Fiscal Year and any such amount carried forward to a succeeding Fiscal Year shall be deemed to be used prior to Company and its Subsidiaries using the amount of capital expenditures permitted by this section in such succeeding Fiscal Year, without giving effect to such carryforward and (b) for any Fiscal Year (or portion thereof) following any acquisition of a business (whether through the purchase of assets or of shares of capital stock) permitted under subsection 6.7, the Base Amount for such Fiscal Year (or portion) shall be increased, for each such acquisition, by an amount equal to the product of (A) the lesser of (x) $5,000,000 and (y) 4% of revenues of the business acquired in such acquisition for the period of four Fiscal Quarters most recently ended on or prior to the date of such business acquisition multiplied by (B) (x) in the case of any partial Fiscal Year, a fraction, the numerator of which is the number of days remaining in such Fiscal Year after the date of such business acquisition and the denominator of which is 365 (or 366 in a leap year), and (y) in the case of any full Fiscal Year, 1.

  • EBITDA The term “EBITDA” shall mean, with respect to any fiscal period, “Consolidated EBITDA” as defined in the Credit Agreement, provided that the following should also be excluded from the calculation of EBITDA to the extent not already excluded from the calculation of Consolidated EBITDA under the Credit Agreement: (i) Non-Cash Charges (as defined in the Credit Agreement) related to any issuances of equity securities; (ii) fees and expenses relating to the Acquisition; (iii) financing fees (both cash and non-cash) relating to the Acquisition; (iv) covenant-not-to-compete payments to certain members of the Company’s senior management and related expenses; (v) expenses (or any portion thereof) incurred outside of the ordinary course of business that are approved by the Board which the Board determines in its good faith discretion are in the best interest of the Company but which will have a disproportionately adverse impact on the Company’s short term financial performance, affecting the Company’s ability to achieve financial targets related to the vesting of the Class C Units under the Incentive Unit Subscription Agreements or the Company’s annual bonus plan; (vi) costs and expenses incurred in connection with evaluating and consummating acquisitions not contemplated by the Company’s annual plan, as such plan is approved by the Board in good faith; (vii) related party expenditures that are subject to the prior written consent of the Majority Executives pursuant to Section 2.3(a) of the Securityholders Agreement but have failed to receive such consent; (viii) advisors’ fees and expenses incurred outside the ordinary course of business related solely to Vestar’s activities that are unrelated to the Company; (ix) costs associated with any put option or call option contemplated by any Rollover Subscription Agreement or Incentive Unit Subscription Agreement; (x) costs associated with any proposed initial Public Offering or Sale of the Company (as such terms are defined in the Securityholders Agreement); (xi) expenses related to any litigation arising from the Acquisition; (x) management fees and costs related to the activities giving rise to such fees that are paid to, paid for or reimbursed to Vestar and its Affiliates; and (xii) material expenditures or incremental expenditures inconsistent with prior practice (to the extent that prior practice is relevant) required by Board (where Management Managers (as defined in the Securityholders Agreement) unanimously dissent) unless such expenditures are reasonably likely to result in any benefit (whether economic or non-economic) to the Company as determined by the Board in its good faith discretion.

  • Variances From Operating Budget Furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 and each monthly report, a written report summarizing all material variances from budgets submitted by Borrowers pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

  • Funds from Operations The ratio of Funds from Operations to Total Debt for such Relevant Entity in any fiscal year is greater than the ratio specified in the Election Sheet; or

  • Depreciation The Company treats Memorabilia and Collectibles assets as collectible and therefore will not depreciate or amortize the SERIES #KobeBlackHistoryMonthFinalSeasonShoes going forward. Schedules to Thirteenth Amendment to Limited Liability Company Agreement – Collectable Sports Assets, LLC – Page 60 of 127 Schedule XXVI to Thirteenth Amendment to Collectable Sports Assets, LLC Amended and Restated Limited Liability Company Agreement Exhibit 340 Series Designation of #LEBRONMIAMIECF2013JERSEY, a series of Collectable Sports Assets, LLC Capitalized terms used but not defined herein have the meanings assigned to such terms in the Limited Liability Company Agreement of Collectable Sports Assets, LLC, as in effect as of the effective date set forth below (the “Agreement”). References to Sections and Articles set forth herein are references to Sections and Articles of the Agreement. Name of Series #LEBRONMIAMIECF2013JERSEY, a series of Collectable Sports Assets, LLC, a Delaware limited liability company Date of establishment September 9, 2021 Managing Member CS Asset Manager, LLC, a Delaware limited liability company, is appointed as the Managing Member of #LEBRONMIAMIECF2013JERSEY with effect from the effective date hereof and shall continue to act as the Managing Member of #LEBRONMIAMIECF2013JERSEY until dissolution of #LEBRONMIAMIECF2013JERSEY pursuant to Section 11.1(b) or its removal and replacement pursuant to Section 4.3 or ARTICLE X. Initial Member CS Asset Manager, LLC, a Delaware limited liability company Series Asset The Series Assets of #LEBRONMIAMIECF2013JERSEY shall comprise the asset as further described in Schedule 1 attached hereto, which will be acquired by #LEBRONMIAMIECF2013JERSEY through that certain Consignment Agreement dated as of August 30, 2021, as it may be amended from time to time, and any assets and liabilities associated with such asset and such other assets and liabilities acquired by #LEBRONMIAMIECF2013JERSEY from time to time, as determined by the Managing Member in its sole discretion. Asset Manager CS Asset Manager, LLC, a Delaware limited liability company. Management Fee As stated in Section 7.1 of the Agreement. Issuance Subject to Section 6.3(a)(i), the maximum number of #LEBRONMIAMIECF2013JERSEY Interests the Company can issue may not exceed the purchase price, in the aggregate, of $350,000.

  • Budget The System Agency allocated share by State Fiscal Year is as follows:

  • Consolidated Net Income The consolidated net income of the Borrowers after deduction of all expenses, taxes, and other proper charges, determined in accordance with GAAP.

  • Total Operating Expenses All costs and expenses paid or incurred by the Company, as determined under GAAP, that are in any way related to the operation of the Company or its business, including the Advisory Fee, but excluding (i) the expenses of raising capital such as Organization and Offering Expenses, legal, audit, accounting, underwriting, brokerage, listing, registration, and other fees, printing and other such expenses and taxes incurred in connection with the issuance, distribution, transfer and registration of securities, (ii) interest payments, (iii) taxes, (iv) non-cash expenditures such as depreciation, amortization and bad debt reserves, (v) incentive fees paid in compliance with the NASAA REIT Guidelines; (vi) acquisition fees and Acquisition Expenses, (vii) real estate commissions on the sale of Real Property, and (viii) other fees and expenses connected with the acquisition, disposition, management and ownership of real estate interests, mortgages or other property (including the costs of foreclosure, insurance premiums, legal services, maintenance, repair, and improvement of property). The definition of “Total Operating Expenses” set forth above is intended to encompass only those expenses which are required to be treated as Total Operating Expenses under the NASAA REIT Guidelines. As a result, and notwithstanding the definition set forth above, any expense of the Company which is not part of Total Operating Expenses under the NASAA REIT Guidelines shall not be treated as part of Total Operating Expenses for purposes hereof. 2%/25% Guidelines. 2%/25% Guidelines shall have the meaning set forth in Section 13.

  • Consolidated Excess Cash Flow If there shall be Consolidated Excess Cash Flow for any Fiscal Year beginning with the Fiscal Year ending December 31, 2018, the Borrowers shall, within ten Business Days of the date on which the Borrowers are required to deliver the financial statements of Holdings and its Restricted Subsidiaries pursuant to Section 5.1(b), prepay the Loans and/or certain other Obligations as set forth in Section 2.15(b) in an aggregate amount equal to (i) 50% of such Consolidated Excess Cash Flow minus (ii) voluntary prepayments of the Loans made during such Fiscal Year (excluding repayments of Revolving Loans or Swing Line Loans except to the extent the Revolving Credit Commitments are permanently reduced in connection with such repayments) paid from Internally Generated Cash (provided that such reduction as a result of prepayments made pursuant to Section 10.6(k) shall be limited to the actual amount of cash used to prepay principal of Term Loans (as opposed to the face amount thereof)); provided, if, as of the last day of the most recently ended Fiscal Year, the Consolidated Total Net Leverage Ratio (determined for such Fiscal Year by reference to the Compliance Certificate delivered pursuant to Section 5.1(c) calculating the Consolidated Total Net Leverage Ratio as of the last day of such Fiscal Year) shall be (A) less than or equal to 4.50:1.00 but greater than 4.00:1.00, the Borrowers shall only be required to make the prepayments and/or reductions otherwise required hereby in an amount equal to (1) 25% of such Consolidated Excess Cash Flow minus (2) voluntary repayments of the Loans made during such Fiscal Year (excluding repayments of Revolving Loans or Swing Line Loans except to the extent the Revolving Credit Commitments are permanently reduced in connection with such repayments) paid from Internally Generated Cash (provided that such reduction as a result of prepayments made pursuant to Section 10.6(k) shall be limited to the actual amount of cash used to prepay principal of Term Loans (as opposed to the face amount thereof)) and (B) less than or equal to 4.00:1.00, the Borrowers shall not be required to make the prepayments and/or reductions otherwise required by this Section 2.14(e).

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