PP&E Balance definition

PP&E Balance means, as at the time immediately before the start of the Closing Date, the aggregate line item amount of property, plant and equipment for the Contributed Entities, calculated in accordance with GAAP and on a basis consistent with the Sample Statement of Adjustments, but excluding any changes in depreciation from June 30, 2015 to the time immediately before the start of the Closing Date. For greater certainty, PP&E Balance will include construction work in progress balances (as calculated in accordance with GAAP and on a basis consistent with the Sample Statement of Adjustments).
Sample 1

Examples of PP&E Balance in a sentence

  • Accordingly, we estimate CGI’s Q2’17 TBV and profits were inflated by $4.2m from the redemption ($1.8m + $2.4m).Accounting Lever #4: PP&E Balance Overstated (TBV and Profits Inflated by $78.8m)?In our opinion, CGI systematically misstated its reported PP&E balances through improper accounting methods and overly conservative depreciation.

  • We estimate that CGI’s improper accounting methods inflated PP&E by at least$69.5m ($24.3m + $13.1m + $32.1m).10Provided below is a summary of our calculations: PP&E Balance Further Inflated by Change in Accounting PolicyIn Q2’16, CGI increased the useful life of its tractors from 3 years to 4 years and increased the useful life of its trailers from 7 years to 10 years.

  • I point this out to highlight that while Connect and non-members may not fly as much, they're still very important customers from a contribution perspective.

  • The duplicated assets have been removed from the PPE Balance Sheet which has resulted in prior period movements; 2020/21 has been reduced to £2.266bn from £2.284bn a movement of £18m; 2021/22 comparator reflects a reduction of £0.976m, which together with the Dwellings PPA of £43.491m restates the closing PPE position from£2.303bn to £2.327bn The impact of these adjustments on the Prior Year Comprehensive Income and Expenditure Statement, Balance Sheet are shown below.

  • The items in the Council’s Balance Sheet at 31 March 2022 for which there could potentially be a material adjustment in the forthcoming financial year are: DescriptionDetailConsequencesProperty Plant and Equipment (PPE) (Balance Sheet values 31 March 22 £78.0 m31 March 21 £72.1m)Values of assets are dependent on outside market forces that are reliant on national and global economic conditions.

  • As of September 30, 2022 As of September 30, 2021 2022 2021 Net PP&E Net PP&E Balance Beginning of Year$ 3,095,259$ 3,003,056Capitalized Acquisitions329,765488,096Dispositions(17,044)(28,185)Transfers In/Out Without Reimbursements37(226)Revaluations10,170(5,104)Depreciation Expense(274,682)(362,378)Other (198,195) - Balance at End of Year $ 2,945,310 $ 3,095,259 The Other balance of $198,195 as of September 30, 2022, is attributed to the policy change for capitalization thresholds (see Note 21).

  • June 30, 2013Balance, December 31, 2011$382,277Capital expenditures 269,348Non-cash expenditures1 41,845Transferred to PPE (326,802)Balance, December 31, 2012$366,668Capital expenditures 17,280Non-cash expenditures1 (2,236)Transferred to PPE -Balance, June 30, 2013$381,7121.

Related to PP&E Balance

  • Time balance means the sum of the principal amount financed and the finance charge.

  • Class Balance With respect to any Class of Certificates, at any time, the aggregate of the Certificate Balances of all Outstanding Certificates of such Class.

  • New Balance This means the total outstanding balance on your account. It will be listed on each statement as the “New Balance”.

  • Lease Balance means, with respect to the Leased Properties, as of any date of determination, an amount equal to the sum of all Funding Party Balances.

  • Available Balance means, in relation to any Account, the aggregate of:

  • Loan Group Balance As to each Loan Group, the aggregate of the Stated Principal Balances of the Mortgage Loans in such Loan Group that were Outstanding Mortgage Loans at the time of determination.

  • Legal Balance means the amount of indebtedness legally owed by an Obligor with respect to a Loan, including principal and accrued and unpaid interest, late fees, attorneys' fees and expenses, taxes, insurance premiums, and similar charges, if any.

  • Certificate Balance As to any Outstanding Certificate prior to the initial Distribution Date, the denomination thereof; and as to any such Outstanding Certificate subsequent to such initial Distribution Date, the denomination thereof multiplied by the then applicable Class Factor.

  • Balance Amount shall have the meaning set forth in Section 8.1 of this Agreement.

  • Planned Principal Balance means for any Distribution Date, the balance shown for such Distribution Date on Schedule XVII.

  • Class X Notional Balance With respect to any Distribution Date (and the related Accrual Period) the aggregate principal balance of the regular interests in REMIC 3 as specified in the Preliminary Statement hereto.

  • Class B-5 Principal Balance As to the first Determination Date, the Original Class B-5 Principal Balance. As of any subsequent Determination Date, the Original Class B-5 Principal Balance less the sum of all amounts previously distributed in respect of the Class B-5 Certificates on prior Distribution Dates (A) pursuant to Paragraph fifteenth of Section 4.01(a)(ii) and (B) as a result of a Principal Adjustment; provided, however, if the Class B-5 Certificates are the most subordinate Certificates outstanding, the Class B-5 Principal Balance will equal the difference, if any, between the Aggregate Adjusted Pool Amount as of the preceding Distribution Date less the sum of the Aggregate Class A Principal Balance, the Class B-1 Principal Balance, the Class B-2 Principal Balance, the Class B-3 Principal Balance and the Class B-4 Principal Balance as of such Determination Date.

  • Unpaid Balance of any Receivable means at any time the unpaid principal amount thereof.

  • Original Class B-5 Principal Balance The Class B-5 Principal Balance as of the Cut-Off Date, as set forth in Section 11.15.

  • Original Balance means, with respect to any Receivable coming into existence after the Initial Cutoff Date, the Outstanding Balance of such Receivable on the date it was created.

  • Apportioned Principal Balance For any Class of Subordinated Certificates and any Distribution Date, an amount equal to the Class Certificate Balance of such Class immediately prior to that Distribution Date multiplied by a fraction, the numerator of which is the applicable Group Subordinate Amount for such Distribution Date and the denominator of which is the sum of the Group Subordinate Amounts for such Distribution Date.

  • Adjusted Principal Balance As to any Distribution Date and any Class of Class B Certificates, the greater of (A) zero and (B) (i) the Principal Balance of such Class with respect to such Distribution Date minus (ii) the Adjustment Amount for such Distribution Date less the Principal Balances for any Classes of Class B Certificates with higher numerical designations.

  • Aggregate Principal Balance means, with respect to any date of determination, the sum of the Principal Balances for all Receivables (other than (i) any Receivable that became a Liquidated Receivable prior to the end of the related Collection Period and (ii) any Receivable that became a Purchased Receivable prior to the end of the related Collection Period) as of the date of determination.

  • Original Class B Principal Balance The sum of the Original Class B-1 Principal Balance, Original Class B-2 Principal Balance, Original Class B-3 Principal Balance, Original Class B-4 Principal Balance, Original Class B-5 Principal Balance and Original Class B-6 Principal Balance, as set forth in Section 11.14.

  • Original Class A Non-PO Principal Balance The sum of the Original Principal Balances of the Class A-1, Class A-2, Class A-3, Class A-4 and Class A-R Certificates, as set forth in Section 11.06.

  • Class A Non-PO Principal Balance As of any date, an amount equal to the Class A Principal Balance less the Principal Balance of the Class A-PO Certificates.

  • Class B-2 Principal Balance As to the first Determination Date, the Original Class B-2 Principal Balance. As of any subsequent Determination Date, the lesser of (i) the Original Class B-2 Principal Balance less the sum of (a) all amounts previously distributed in respect of the Class B-2 Certificates on prior Distribution Dates (A) pursuant to Paragraph tenth of Section 4.01(a) and (B) as a result of a Principal Adjustment and (b) the Realized Losses allocated through such Determination Date to the Class B-2 Certificates pursuant to Section 4.02(b) and (ii) the Adjusted Pool Amount as of the preceding Distribution Date less the sum of the Class A Principal Balance and the Class B-1 Principal Balance as of such Determination Date.

  • Class B-6 Principal Balance As to the first Determination Date, the Original Class B-6 Principal Balance. As of any subsequent Determination Date, the lesser of (i) the Original Class B-6 Principal Balance less the sum of (a) all amounts previously distributed in respect of the Class B-6 Certificates on prior Distribution Dates pursuant to Paragraph twenty-second of Section 4.01(a) and (b) the Realized Losses allocated through such Determination Date to the Class B-6 Certificates pursuant to Section 4.02(b) and (ii) the Adjusted Pool Amount as of the preceding Distribution Date less the Class A Principal Balance, the Class B-1 Principal Balance, the Class B-2 Principal Balance, the Class B-3 Principal Balance, the Class B-4 Principal Balance and the Class B-5 Principal Balance as of such Determination Date.

  • Class Certificate Balance With respect to any Class and as to any date of determination, the aggregate of the Certificate Balances of all Certificates of such Class as of such date.

  • Fund balance is the value of the Accumulation Fund, determined pursuant to Section 1.4.

  • Original Class B-2 Principal Balance The Class B-2 Principal Balance as of the Cut-Off Date, as set forth in Section 11.15.