adjusted IFRS value definition

adjusted IFRS value means in respect of a policyholder fund or the risk policy fund the aggregate of—
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adjusted IFRS value means in respect of—
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adjusted IFRS value means the amount of the insurance liabilities 45
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Examples of adjusted IFRS value in a sentence

  • The definition of “value of liabilities” will mean the “adjusted IFRS value” (as calculated per definition depending on which fund is involved) plus expenditure allocated that has not been paid by that fund at the last day of that year of assessment and which has not been taken into account in determining adjusted IFRS value.

  • However, with regard to long-term insurers, the 2016 changes made to section 29A of the Act made provision for the following: (i) introduction of a new definition of value of liabilities, (ii) introduction of a new definition of adjusted IFRS value, as well as (iii) transitional rules aimed at prescribing a phasing in amount and the method and period of phasing in.

  • The “phasing-in amount” is applied by including a reducing amount in the calculation of adjusted IFRS value over a period of six years for years of assessment ending after June 2018.

  • Likewise, to eliminate circularity, a phasing- in amount that will form part of the adjusted IFRS value should be excluded when determining the proposed phasing-in amount.

  • The 'phasing-in amount' is applied by including a reducing amount in the calculation of adjusted IFRS value over a period of six years for years of assessment ending after June 2018.

  • A National Vice President's decision on an appeal from a local Election Committee's decision shall be issued within 30 days after receipt of the appeal and shall be the final determination.

  • It is proposed that a new subsection be introduced in section 28 of the Act that allows a foreign reinsurer that is a long-term that conducts insurance business through a branch in South Africa to deduct insurance liabilities based on the concept of 'adjusted IFRS value' as used in section 29A of the Act.


More Definitions of adjusted IFRS value

adjusted IFRS value means the amount of the insurance liabilities 15 of the insurer determined in accordance with IFRS as annually reported
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adjusted IFRS value means in respect of a policyholder fund or the 15
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adjusted IFRS value means in respect of a policyholder fund or the risk policy fund an amount, which may not be less than zero, that must be calculated in accordance with the formula—
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adjusted IFRS value means the amount of the insurance liabilities of the insurer determined in accordance with IFRS as annual financial reported by the insurer to shareholders in the audited annual financial statements, adjusted so that no policy has a liability of less than zero;";
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adjusted IFRS value means the amount of the insurance liabilities of the insurer determined in accordance with IFRS as annually reported by the insurer to shareholders in the audited financial statements adjusted so that no policy has a liability of less than zero. It is proposed that the definition of “adjusted IFRS value” should be made applicable to both the risk policy fund and the three policyholder funds and the current definition of “adjusted IFRS value” should be substituted with the new one which will take into account the following:
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Related to adjusted IFRS value

  • Adjusted Net Earnings means net earnings (loss) attributable to common stockholders as reported in the Company’s periodic reports filed with the Securities and Exchange Commission, provided that such amount shall be adjusted by reversing the following, to the extent such adjustments were made in calculating such net earnings (loss) attributable to common stockholders:

  • Adjusted Value as used in subdivision (d) means:

  • Adjusted Asset Value means, as of a given date, the sum of EBITDA attributable to malls, power centers and all other assets for the trailing four (4) quarters most recently ended, divided by (iii) 7.75%. In determining Adjusted Asset Value:

  • Adjusted Total turnover means the turnover in a State or a Union territory, as defined under sub-section (112) of section 2, excluding the value of exempt supplies other than zero-rated supplies, during the relevant period;

  • Reference Value means the last reported sales price of the Ordinary Shares for any twenty (20) trading days within the thirty (30) trading-day period ending on the third trading day prior to the date on which notice of the redemption is given.

  • Adjusted Net Earnings from Operations means, with respect to any fiscal period of Foamex, the net income of Foamex and its Subsidiaries after provision for income taxes for such fiscal period, as determined in accordance with GAAP on a consolidated basis (excluding the Joint Ventures and the China Joint Venture) and reported on the Financial Statements for such period, excluding any and all of the following included in such net income: (a) gain or loss arising from the sale of any capital assets; (b) gain (or loss) arising from any write-up (or write-down) in the book value of any asset; (c) earnings of any Person, substantially all the assets of which have been acquired by Foamex or any of its Subsidiaries in any manner, to the extent realized by such other Person prior to the date of acquisition; (d) earnings of any Person (other than Foamex Canada and the Mexican Subsidiaries and their respective Subsidiaries) in which Foamex or any of its Subsidiaries has an ownership interest unless (and only to the extent) such earnings shall actually have been received by Foamex or any of its Domestic Subsidiaries in the form of cash distributions; (e) earnings of any Person to which assets of Foamex or any of its Subsidiaries shall have been sold, transferred or disposed of, or into which Foamex or any of its Subsidiaries shall have been merged, or which has been a party with Foamex or any of its Subsidiaries to any consolidation or other form of reorganization, prior to the date of such transaction; (f) gain or loss arising from the acquisition of debt or equity securities of Foamex or any of its Subsidiaries or from cancellation or forgiveness of Debt; and (g) gain or loss arising from extraordinary items, as determined in accordance with GAAP.

  • RI Value means, in respect of a Reference Item and a ST Valuation Date, (i) the RI Closing Value for such Reference Item in respect of such ST Valuation Date, divided by (ii) the relevant RI Initial Value (expressed as a percentage).

  • Base Year Value means the assessed value of eligible property January 1 preceding the execution of the agreement plus the agreed upon value of eligible property improvements made after January 1 but before the execution of the agreement.

  • Total Value means either the fair market value or the actual price paid for a covered animal part or product, whichever is greater.

  • Adjusted CD Rate has the meaning set forth in Section 2.07(b).

  • Portfolio Adjusted Yield means, with respect to any Monthly Period, the average of the percentages obtained for each of the three preceding Monthly Periods by subtracting the Base Rate for such Monthly Period from the Portfolio Yield for such Monthly Period.

  • Average value means the value which best represents the amount of the nutrient which a given food contains, and reflects allowances for seasonal variability, patterns of consumption and other factors which may cause the actual value to vary.

  • Adjusted NOI means, with respect to any Property for the Current Reporting Quarter, annualized, an amount equal to (a) the aggregate gross revenues (excluding non-cash revenues) from the operations of such Property during such period, minus (b) the sum of (i) all expenses and other proper charges incurred in connection with the operation of such Property during such period (including real estate taxes, but excluding any property and asset management fees, debt service charges, income taxes, depreciation, amortization and other non-cash expenses and excluding capital expenditures), (ii) a management fee equal to the greater of (A) two percent (2%) of the aggregate gross base rental revenues (excluding non-cash revenues) from the operations of such Property during such period and (B) actual property management fees paid, and (iii) a replacement reserve of $0.10 per square foot (excluding any Property acquired during the Current Reporting Quarter). Adjusted NOI shall exclude the amount of any revenues and expenses from any Dark Property. Adjusted NOI shall be increased, without duplication, by (i) annualized rental revenues (excluding non-cash revenues), net of associated expenses, from any new lease which went into effect with the tenant taking occupancy (or any lease with respect to any Property acquired during the Current Reporting Quarter) and the Borrower is recognizing revenue from such tenant in accordance with GAAP during such Current Reporting Quarter, and (ii) annualized gross base rental revenues (excluding non-cash revenues) for the first monthly gross base rental payment for any lease in a free rent period and the Borrower is recognizing revenue from the applicable tenant in accordance with GAAP during such Current Reporting Quarter.

  • Adjusted Income means, with respect to a HOME Development, the gross income from wages, income from assets, regular cash or noncash contributions, and any other resources and benefits determined to be income by HUD, adjusted for family size, minus the deductions allowable under 24 CFR §5.611.

  • Adjusted Net Assets of such Guarantor at any date shall mean the lesser of (1) the amount by which the fair value of the property of such Guarantor exceeds the total amount of liabilities, including contingent liabilities (after giving effect to all other fixed and contingent liabilities incurred or assumed on such date), but excluding liabilities under the Guarantee of such Guarantor at such date and (2) the amount by which the present fair salable value of the assets of such Guarantor at such date exceeds the amount that will be required to pay the probable liability of such Guarantor on its debts (after giving effect to all other fixed and contingent liabilities incurred or assumed on such date), excluding debt in respect of the Guarantee of such Guarantor, as they become absolute and matured.

  • Adjusted Capital Account means, with respect to any Member, the balance, if any, in such Member’s Capital Account as of the end of the relevant fiscal year, after giving effect to the following adjustments: