Net Operating Assets means the amount by which the sum of (i) Trade Receivables Net, (ii) Inventories Net, (iii) Other Current Assets and (iv) Property, Plant & Equipment (before Accumulated Depreciation) exceeds the sum of (A) Trade Payables, (B) Other Accounts Payable, (C) Accrued Income Taxes-State, and (D) Other Accrued Expenses as set forth on the Closing Balance Sheet.
Net Operating Assets means the difference (whether positive or negative) of (a) the total combined operating assets of the IPG Entities, including accounts receivable, inventory, property, plant and equipment and prepaid and other assets, minus (b) the total combined operating liabilities of the IPG Entities, including accounts payable and other accrued liabilities, in each case, calculated as of 12:01 a.m. (local time in each jurisdiction where such calculation must be made) on Closing Date, as determined in accordance with the Calculation Principles. Notwithstanding the foregoing, the Parties agree that the determination of “Net Operating Assets” shall (i) exclude Cash, Indebtedness and IPG Transaction Expenses, (ii) exclude any assets and liabilities related to Income Taxes, (iii) exclude amounts outstanding under the Participations Intercompany Loan, (iv) exclude any Intercompany Balances that are eliminated by discharge or otherwise at or prior to the Closing in accordance with Section 5.05(c), (v) exclude all amounts payable at or following the Closing pursuant to the Retention Agreements and Severance Arrangements, (vi) exclude all assets and liabilities under the Excluded Plans and (vii) include all assets and liabilities related to the IPG Plans and the New IPG Plans, in each case, as determined in accordance with the Calculation Principles.
Net Operating Assets means, at the applicable measurement date, the net book value of the Acquired Assets (exclusive of cash and cash equivalents), net of the net book value of the Assumed Liabilities (exclusive of the Stated Debt), and (b) "Stated Net Debt" means the aggregate amount of the Stated Debt net of cash and cash equivalents as of March 31, 1999.
Examples of Net Operating Assets in a sentence
Our measure for this is an expected minimum Return on Net Operating Assets (RONOA) of 10% per annum over a business cycle.
Our measure for this is an expected minimum Return on Net Operating Assets (RONOA) of 10% over a business cycle.
We finish part I with predictions of Return on Net Operating Assets (RNOA) for assigned companies of interest.
Return on Net Operating Assets using Persistent Income: 2013: 82.15% Return on net operating assets is higher when using only predicted persistent income in the calculation.
RONOA = Operating Profit Net Operating Assets This ratio indicates what return the company’s operating assets, i.e. its machines, stocks, buildings etc.
More Definitions of Net Operating Assets
Net Operating Assets means: (a) the Company's accounts receivable, inventory, fixed assets and those other assets identified on and valued at the agreed upon values set forth on Schedule 1.7 determined in accordance with GAAP less (b) any Assumed Liabilities. Net Operating Assets shall not include any cash held by the Company nor shall it include any assets of the Business other than the Purchased Assets.
Net Operating Assets means, as of a particular date, the Operating Assets as of such date minus the Operating Liabilities as of such date.
Net Operating Assets means the total assets of the Company minus all current liabilities of the Company (except Purchase Price Indebtedness including accrued interest) all as determined in accordance with GAAP applied consistently with the Company's past practices and policies. Closing Net Operating Assets will be determined using the same accounting principles consistently applied as used by KPMG Peat Marwick, LLP in preparing the audited Balance Sheet.
Net Operating Assets means (i) with respect to the Target Companies, all current assets (excluding cash, marketable securities, intercompany financing amounts, deferred Tax assets, current accruals for income Taxes, the impact of monetization and hedging activities), non-current program rights and non-current unbilled accounts receivable, less current liabilities (excluding short-term borrowings, intercompany financing amounts, the impact of monetization activities, deferred Tax liabilities and current income Tax liabilities), non-current deferred revenue, non-current program costs and non-current participation and royalty liabilities and (ii) with respect to the NBC Companies, all current assets (excluding cash, marketable securities, intercompany financing amounts, Tax assets, the impact of monetization and hedging activities), non-current program rights and non-current unbilled accounts receivable, less current liabilities (excluding short-term borrowings, intercompany financing amounts, the impact of monetization activities and Tax liabilities), non-current deferred revenue, non-current program costs and non-current participation and royalty liabilities.
Net Operating Assets is defined in Section 2.4(a).
Net Operating Assets means the net assets as at Completion identified in the Adjustment Statement and includes the following:
Net Operating Assets means, when used with reference to the Balance Sheet and the Closing Date Balance Sheet (prepared in accordance with the Agreed Procedure in the case of the Closing Date Balance Sheet), as the case may be, the amount by which (A) exceeds (B), where (A) equals (1) Accounts Receivable - Net (or Net Trade Receivables), plus (2) Inventories - Net, plus (3) Other Current Assets, plus (4) Net Property, Plant and Equipment, plus (5) Intangibles excluding good will and (6) Other Assets excluding Capitalized Acquisition Costs, and (B) equals (1) Accounts Payable, plus (2) Accrued Liabilities, in each case as reflected on the Balance sheet and the Closing Date Balance Sheet, as applicable.