Examples of Accounting Year in a sentence
SRo = Notional Stripping Ratio i.e [….] Sg = Specific gravity of Coal = [1.6] The Actual Stripping Ratio (“Actual Stripping Ratio”) of any Accounting Year shall mean the in-situ volume of Overburden actually removed in cubic metres for each Tonne of Coal produced during the year, as determined through measurement at the end of that Accounting Year.
This adjustment shall be applicable from the Accounting Year in which the Coal production will start.
The Concessionaire shall provide 2 (two) copies of its Balance Sheet, Cash Flow Statement and Profit and Loss Account, along with a report thereon by its Statutory Auditors, within 180 (one hundred and eighty) days of the close of the Accounting Year to which they pertain and such audited accounts, save and except where expressly provided to the contrary, shall form the basis of payments by either Party under this Agreement.
Provided further that, in the event of the actual Overburden removal in any Accounting Year is less than the Scheduled Overburden Quantity for that Accounting Year due to the Force Majeure or Authority Default, the Scheduled Overburden Quantity for such Accounting Year shall be pro-rated accordingly on the basis of the loss of working shifts due to such Force Majeure or Authority Default.
SECTION SIX Accounts and the Distribution of Dividends Accounting Year Article 55 - The accounting year of the Corporation shall start as of the first day of January, and end on the last day of December.