Abnormals definition

Abnormals means unusual enough to influence the economic decisions using the reported results. Abnormal item adjustments include any unusual and non-recurring gains and/or losses (in each case as reflected in the relevant statement of comprehensive income). An item does not qualify as non-recurring simply because it is unplanned or unexpected. Examples of abnormals include: gains or losses on asset disposals or revaluations; discontinued operations; and major restructuring costs. Reclassification of abnormals may occur if an organisation’s application of abnormal differs materially from the rest of the sector.
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Examples of Abnormals in a sentence

  • Abnormal may use Service support providers (e.g., third-party hosting and other service providers) in provision of the Service and Support and permit them to exercise Abnormal's rights and fulfill Abnormal's obligations, but Abnormal remains responsible for their compliance with this Agreement.

  • Abnormals are items, as determined by Westpac NZ in its sole discretion, that are not expected to occur frequently and are distinct from the Borrower’s ordinary operations.

  • EBIT is the Borrower’s net profit before Funding Costs, income Tax and Abnormals for the relevant financial year (but excluding the Borrower’s general manager’s salary where such salary is funded by the Parent) but after depreciation, research and development expenses and payments and other benefits to directors and shareholders (excluding Permitted Payments) for the relevant financial year.

Related to Abnormals

  • Abnormal Condition means any condition on the Interconnection Facilities which, determined in accordance with Good Utility Practice, is: (i) outside normal operating parameters such that facilities are operating outside their normal ratings or that reasonable operating limits have been exceeded; and (ii) could reasonably be expected to materially and adversely affect the safe and reliable operation of the Interconnection Facilities; but which, in any case, could reasonably be expected to result in an Emergency Condition. Any condition or situation that results from lack of sufficient generating capacity to meet load requirements or that results solely from economic conditions shall not, standing alone, constitute an Abnormal Condition.

  • Inclement Weather means any weather condition that delays the scheduled arrival or departure of a Common Carrier.

  • animals means animals as defined in the Terrestrial Animal Health Code or the Aquatic Animal Health Code of the World Organisation for Animal Health (OIE), respectively;

  • Weathertight means that in any sea conditions water will not penetrate into the vessel.

  • Intensity means the number of Program Unique Supervised Hours divided by the Duration for a course or qualification, being a measure of the concentration of training and assessment delivered from the Eligible Individual’s perspective.