Following a thorough review of our services we have increased our cash allocation investment in IT from c.3% of core revenue up to c.5%. It's worth noting that most of this spend is written off in the period it is incurred in line with accounting standards. The review process was fairly...
If I can seek your support in this election, I will work collaboratively with other Council members in: • executing ACCA's 2020–2025 strategy to shape the future of the accounting profession and create long-term value for future, associate and fellow members. • align our CPD learnings...
317.02 12.39 As required by the Circular of the Ministry of Finance on Issuing and Provisions concerning VAT Accounting Treatment (Cai Kuai [2016] No.22) enacted by the Ministry of Finance on December 3, 2012, and the Accounting Standard for Business Enterprise No.30-Presenation of Financial ...
The performance fee hurdle requires that the growth of the aggregate of the net asset value per share and dividends paid by the Company compared with the previous accounting date exceeds RPI plus 2%. The hurdle will be calculated every year, based on the previous year’s closing net asset val...
timely fashion – advising the NS&I board on the discharge of its responsibilities and on NS&I's performance compared with its aims and objectives – ensuring that effective procedures are in place for handling complaints about NS&I. The Statement of Accounting Officer's responsibilities is on page ...
The outcomes of the remuneration structure are expected to comply with Executive Share and Option Scheme Guidelines. The payment of bonuses, performance rights and other incentive payments are reviewed by the Remuneration and Nomination Committee annually as part of the review of executive remuneration ...
Semi-Annual Report 2008 C Products accounting for over 10% of the main business income Unit: RMB Yuan Product Float glass Architectural glass Fine glass Jan.~Jun., 2008 Income of main business 986,626,353 746,749,681 265,247,829 Cost of main business 773,303,521 504,115,904 146,164,...
Financial accounting and management reporting standards have been established. Centralised functional control is exercised over all computer system developments and operations. In order to ensure consistency and benefit from economies of scale, identical IT systems are being employed, where possible, for ...
Income and expenditure is otherwise shown net of VAT. 1.10 PENSIONS Present and past employees are covered by the provisions of the Principal Civil Service Pension Scheme (PCSPS), which is non-contributory and un-funded. Although the Scheme is a defined benefit scheme, liability for payments ...
Under this Refinance Scheme PFIs will lend on a 3 months renewable basis at the rate of their Mudaraba Savings a/c rate or bank rate (5%), whichever is lower. Profit generated from this fund will be distributed among the PFIs according to their investment ratio. Investment in Refinance ...