Net Block definition
Net Block means depreciated value of all assets of the Company and its Subsidiaries, on a consolidated basis, as reflected in the audited financial statements of the Company for the year ended March 31, 2018;
Examples of Net Block in a sentence
Absolute value of Net Block under different columns of performance matrix as on 01.04.2016 is ` 226.65 Crores has been estimated and used for calculation.
CLIENT shall pay to the SI on the last day of the exit management period such sum representing the Net Block (procurement price less depreciation as per provisions of Companies Act) of the Assets to be transferred as stated in the Terms of Payment Schedule.