Previous year definition

Previous year means the year immediately preceding the current year,
Previous year means the year preceding the current year;

Examples of Previous year in a sentence

  • Further, the translation gain on the forward covers for firm commitments which are determined to be effective hedge of foreign currency payables and receivables referred in point (b) above aggregating toRs. 5.37 (net of deferred tax Rs. 2.84) [Previous year Rs. 7.23 (net ofdeferred tax Rs. 3.83)] has been recognised in translation & hedging reserve in shareholders’ funds.

  • The liability for leave encashment and compensated absences as at year end is Rs. 7,610,214 (Previous year Rs. 7,433,208).

  • The amount recognised as an expense towards contribution to Provident fund for the year aggregated to Rs. 31.38 (Previous year Rs. 29.06).

  • Advances recoverable in cash or in kind or for value to be received Rs.1,52,01,548/- (Previous Year Rs.1,02,83,31/-) include CENVAT receivable and personal ledger accounts Balances with excise department Rs.47,47,584/- (Previous year Rs. 42,90,659 /-), and receivable from Sales Tax Department Rs. 68,41,685/- (Previous Year Rs.29,79,320/-) adjustable against duty payable.


More Definitions of Previous year

Previous year means the 12 month period preceding the month the annual report is submitted in. “quarter” means a calendar year quarter commencing on 1 January, 1 April, 1 July or 1 October.
Previous year means the fiscal year immediately preceding the Reporting Year.
Previous year means the year immediately preceding the taxation year; (“année précédente”)
Previous year means the financial year preceding the financial year in which the Budget Deficiency is to occur; and
Previous year means the prior calendar year, January 1 through December 31.
Previous year means the financial year preceding the financial year in which the Anticipated Exceptional Deficit is determined; and