Examples of Deferral Accounts in a sentence
Whenever dividends are paid or distributions made with respect to Shares, Dividend Equivalents shall be credited to Deferral Accounts on all Deferred Stock credited thereto as of the record date for such dividend or distribution.
Depreciation of ₹83,550.16 lakhs, Finance cost of ₹52,909.91 lakhs, Movement in Regulatory Deferral Accounts Balances of ₹6950.66 lakhs, Foreign exchange gain of ₹757.22 lakhs, Loss on de-recognition of assets (net) of ₹13.73 lakhs, Provision/write off amounting to ₹4852.11 lakhs, Deferred revenue of ₹1666.58 lakhs, Provision written back of₹7.77 lakhs, Interest /Investment income of ₹526.77 lakhs and Delay payment surcharge amounting to ₹545.68 lakhs.
Deferral Accounts shall be maintained for recordkeeping purposes only and the Company shall not be obligated to segregate or set aside assets representing securities or other amounts credited to Deferral Accounts.
The above analysis is excluding Movement in Regulatory Deferral Accounts balance & Tax thereon TOTAL INCOME AND PROFIT AFTER TAXThe Corporation earned a profit before tax (including movement in R.D.A. Balances) amounting to ₹74801.26 lakh as against of ₹43345.29 lakh during the previous financial year.
The obligation to make distributions of securities or other amounts credited to Deferral Accounts shall be an unfunded unsecured obligation of the Company.