Operative NAV definition

Operative NAV means NAV as adjusted for the fair value of Catalogues of Songs;

Examples of Operative NAV in a sentence

  • The Directors are of the opinion that an Operative NAV provides a meaningful alternative performance measure and the values of Catalogues of Songs are based on fair values produced by an Independent Valuer.

  • The Directors are of the opinion that an Operative NAV provides a more meaningful performance measure as the value of Catalogues of Songs is based on fair values produced by an Independent Valuer.

  • Calculation of Operative NAV In order to calculate the Operative NAV and Operative NAV per Share, the intangible assets are revalued to an estimate of fair value.

  • Alternative performance measure: annualised ongoing charges (£3,467,007) divided by average Operative NAV £204,213,620.

  • The current ratio of total debt to Operative NAV is 32.0% (31 March 2023: 28.0%).

  • There has also been a reversal of the negative FX effect recognised in the Operative NAV as at 10 January 2020 as GBP:USD exchange rates have fallen back to the levels experienced at the beginning of the financial year.

  • Operative NAV Bridge from 1 April 2019 to 31 March 2020:Opening Operative NAV per Ordinary Share103.27pIncrease in Fair Value of Catalogues49.50pNet income5.68pDividends paid-2.96pFX impact3.07pShare Issue Costs*-1.83pClosing Operative NAV per Ordinary Share116.73p*Share issue costs include the costs of the issue of C Shares on 22 October 2019, which were borne out of the gross proceeds of the issue.

  • Valuations of music publishing rights typically adopt two valuations methods where the Board considers both when deriving the Operative NAV.

  • The Operative NAV as at 30 September 2018 was £199.6m or 98.74p per share, reflecting the increase in value of The-Dream Catalogue, buoyed mostly by the current and predicted growth in streaming income and synchronisation potential of the Catalogue of Songs.

  • This growth in the Operative NAV is primarily a result of an 8.6% like for like3 increase in the Fair Value of the Portfolio since acquisition.

Related to Operative NAV

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  • Modular building manufacturer means a person or corporation who owns or operates a

  • Class B operator means a person who implements applicable underground storage tank regulatory requirements and standards. This includes implementing the day-to-day aspects of operating, maintaining, and record keeping for underground storage tanks at one or more facilities. A Class B operator typically monitors, maintains and ensures that release detection methods, record-keeping, and reporting requirements are met; release prevention equipment, record-keeping, and reporting requirements are met; all relevant equipment complies with performance standards; and appropriate individuals are trained to properly respond to emergencies caused by releases and spills.

  • Covered Building Service Employee means any person performing building service work for a Covered Building Service Employer, either directly or through a contract or subcontract.

  • Covered Building Service Contract means a contract or subcontract to provide Building Services to the City of Cambridge or any of its departments or subdivisions.

  • long term specified asset means any bond, redeemable after three years and issued on or after the 1st day of April 2006:

  • Building, structure, facility, or installation means all of the pollutant-emitting activities which belong to the same industrial grouping, are located on one or more contiguous or adjacent properties, and are under the control of the same person (or persons under common control) except the activities of any vessel. Pollutant-emitting activities shall be considered as part of the same industrial grouping if they belong to the same major group (i.e., which have the same two-digit code) as described in the Standard Industrial Classification Manual, 1972, as amended by the 1977 Supplement (U.S. Government Printing Office stock numbers 4101-0066 and 003-005-00176-0, respectively).

  • Qualified building means a building built at least 30 years before the date of application, located within a designated downtown or, village center, or neighborhood development area, which, upon completion of the project supported by the tax credit, will be an income-producing building not used solely as a single-family residence. Churches and other buildings owned by religious organization may be qualified buildings, but in no event shall tax credits be used for religious worship.

  • Ground water means water below the land surface in a zone of saturation.

  • Building Operating Expenses means the portion of "Operating Expenses," as that term is defined in Section 4.2.7 below, allocated to the tenants of the Building pursuant to the terms of Section 4.3.1 below.

  • Deep poverty pocket means a population census tract having a

  • Expansion to an existing manufactured home park or subdivision means the preparation of additional sites by the construction of facilities for servicing the lots on which the manufactured homes are to be affixed (including the installation of utilities, the construction of streets, and either final site grading or the pouring of concrete pads).

  • Qualified buildings means construction of new structures,

  • Departing General Partner means a former General Partner from and after the effective date of any withdrawal or removal of such former General Partner pursuant to Section 11.1 or Section 11.2.

  • Chesapeake Bay Preservation Act land-disturbing activity means a land-disturbing activity including clearing, grading, or excavation that results in a land disturbance equal to or greater than 2,500 square feet and less than one acre in all areas of jurisdictions designated as subject to the Chesapeake Bay Preservation Area Designation and Management Regulations (9VAC25-830) adopted pursuant to the Chesapeake Bay Preservation Act.

  • Class C operator means the individual responsible for initially addressing emergencies presented by a spill or release from an UST system. The Class C operator typically controls or monitors the dispensing or sale of regulated substances.

  • Deemed Partnership Interest Value means, as of any date with respect to any class of Partnership Interests, the Deemed Value of the Partnership Interests of such class multiplied by the applicable Partner's Percentage Interest of such class.

  • On-premise beer retailer means a beer retailer who is:

  • Basic generation service provider or "provider" means a

  • Addition (to an existing building means an extension or increase in the floor area or height of a building or structure.

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  • Residual Metered Load means all load remaining in an electric distribution company’s fully metered franchise area(s) or service territory(ies) after all nodally priced load of entities serving load in such area(s) or territory(ies) has been carved out.

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