Annual Turnover definition

Annual Turnover means the actual turnover achieved during your first year of operations, from the commencement of your business to the date of the damage, converted to a 12-month equivalent figure.

Annual Turnover means the Turnover during the twelve months immediately before the date of the Damage.*

Annual Turnover means the Turnover during the twelve months immediately before the day of commencement of the Period of Insurance.

Examples of Annual Turnover in a sentence

• In order to be eligible for a future work, the Cumulative Annual Turnover of an empanelled contractor in the last three years shall not be less than the estimated cost of the work.

• Current MSME Classification (Updated up to 28-06-2020) has added additional criteria of Annual Turnover along with earlier criteria of Investment but revised upward limit in each case of Micro, Small and Medium Enterprises.

• Both current criteria of Investment and Annual Turnover are mentioned below along with earlier MSME Classification based on investment and other relevant facts about MSME.

• Should have experience of not less than five (05) years (2019, 2020, 2021, 2022 and 2023) in Janitorial services successfully to Government Departments, Corporations, Statutory Boards or large-scale Private Institutions including state universities with similar capacity; At least three similar nature contract amounting Rs.30 Million must be within the any of above three years and Annual Turnover of Rs. 40 Million.

• In the case of a Private Limited Company having a paid up share capital and free reserves exceeding Rs. 2 (two) Crore or an Annual Turnover exceeding Rs 5 (five) Crore.

More Definitions of Annual Turnover

Annual Turnover means the Turnover during the twelve (12) months immediately before the date of the loss, destruction or damage by a peril insured against.

Annual Turnover means the turnover earned during 12 months immediately before the date of Damage.

Annual Turnover the “turnover” during the 12 months immediately before the date of the destruction or damage by xxxxxx insured against

Annual Turnover means the “Turnover” during the twelve (12) months immediately before the date of the destruction or damage by a peril or perils insured against.

Annual Turnover means the total amount of money or money's worth earned by the Licensee from all sources arising out of or in connection with the Licensee's business in or from the Cayman Islands (which includes any fees derived from the use by the Licensee or a third party to advertise, whether directly or indirectly, on the channels broadcasted by the Licensee) in any Licensee Financial Year of the Licence (money or money’s worth earned from transactions with Affiliates are to be included as if those transactions are made at a minimum of open market value on an arm's length basis).

Annual Turnover means turnover of the Company as reflected in the Audited Financial Statements of the immediately preceding Financial Year "Arm's Length Transaction" means a transaction between two Related Parties that is conducted as if they were unrelated, so that there is no conflict of interest;

Annual Turnover means such turnover in Million Units of Electricity (MU) which is calculated considering the total number of units cleared in all types of transactions on a Power Exchange in a financial year.