Examples of Collection Rights in a sentence
Amortisation methods and periods The company amortises intangible assets with a finite useful life using the straight-line method over the following periods: • Computer software 3 years Intangible assets of Toll Collection Rights are amortised in proportion to revenue for the year to projected revenue i.e. based on the toll revenue for the year to projected revenue that is expected to be collected over the concession period in the manner as prescribed under Schedule - II of the Companies Act, 2013.
Extension of concession period by the authority in compensation of claims made are capitalised as part of Toll Collection Rights at the time of admission of the claim or when there is a contractual right to extension at the estimated amount of claims admitted or computed based on average collections whichever is more evident.
The procuring agency shall abide by Punjab Local Government (Auction of Collection Rights) Rules 2016 vide Notification No. SOR (LG)38-20/2015 dated 25th July 2016 (Annex-I) or any other rules / notification / amendments periodically issued by the Government of the Punjab.II.
Amortisation methods and periods Intangible assets of Toll Collection Rights are amortised in proportion to revenue for the year to projected revenue i.e. based on the toll revenue for the year to projected revenue that is expected to be collected over the remaining concession period in the manner as prescribed under Schedule - II of the Companies Act, 2013.
As a result, the Commission believes the economic impact of the final amendment will be minimal and that it will not have an adverse economic impact on regulated sellers or consumers.