Examples of Brazilian GAAP in a sentence

Ebitda is not a measure recognized by Brazilian GAAP nor by IFRS; it does not have a standard meaning; and it may be non-comparable with measures with similar titles provided by other companies.
Both common and preferred stockholders are entitled to receive a mandatory minimum dividend of 25% of annual adjusted net income under Brazilian GAAP, once declared at the annual stockholders’ meeting.
In the case of preferred stockholders, this dividend cannot be less than 6% of the preferred capital as stated in the statutory accounting records or, if greater, 3% of the Brazilian GAAP equity value per share.
EBITDA is not presented as, and should not be considered as, an alternative measure of operating results or cash flows from operations (as determined by Brazilian GAAP or IFRS), but is a widely used financial indicator of a company’s ability to incur and service debt.
Linx did not have, in the periods covered by Linx's Financial Statements, any liabilities or obligations of any nature, involving material amounts, in addition to the liabilities or obligations that were disclosed, reflected or referred to in Linx's Financial Statements in accordance with Brazilian GAAP or in its Reference Form.

More Definitions of Brazilian GAAP

Brazilian GAAP means generally accepted accounting principles in Brazil as established from time to time by the Conselho Nacional de Contabilidade.

Brazilian GAAP means, as defined by Debtor from time to time (1) generally accepted accounting principles adopted in Brazil, determined in accordance with the corporation law, the laws issued by the relevant authorities, including CVM and the technical analyses issued by the Brazilian Accountancy Institute; or (ii) International Financial Reporting Standards, as adopted by the International Accounting Standards Board, as the case may be, as they are in effect from time to time and consistently applied.

Brazilian GAAP means the accounting principles prescribed by Brazilian corporate law (Lei de Sociedades Anônimas).

Brazilian GAAP means accounting practices adopted in Brazil applicable to entities authorized to operate by the Brazilian Central Bank as established by Brazilian corporate law and standards established by the National Monetary Council (Conselho Monetário Nacional), the Brazilian Central Bank and the document template provided in the Accounting National Financial System Institutions (Plano Contábil das Instituições do Sistema Financeiro Nacional ) and the Securities Commission of Brazil (Comissão de Valores Mobiliários) to the extent such practices do not conflict with the rules of the Brazilian Central Bank, the Accounting Pronouncements Committee (Comitê de Pronunciamentos Contábeis) to the extent approved by the Brazilian Central Bank, the National Council of Private Insurance (Conselho Nacional de Seguros Privados) and the Superintendency of Private Insurance (Superintendência de Seguros Privados).