END OF YEAR STATEMENT Sample Clauses

The "End of Year Statement" clause requires one party, typically a service provider or financial manager, to deliver a comprehensive summary of relevant transactions, activities, or financial data at the close of each fiscal year. This statement may include details such as total payments made, services rendered, outstanding balances, or other pertinent annual information. By mandating the provision of this summary, the clause ensures transparency and enables both parties to reconcile accounts, verify compliance, and address any discrepancies, thereby promoting accurate record-keeping and financial clarity.
END OF YEAR STATEMENT. The Contractor shall prepare an End-of-Year Statement. The Statement will contain aggregated information for the Calendar Year in the same format as required in the Value of Production and Pricing Statement, Cost Recovery Statement and Statement of Expenditures and Receipts as provided in Annex C but will be based on actual quantities of Petroleum produced and expenses incurred. The End-of-Year Statement for each Calendar Year shall be submitted to the Minister within ninety (90) days of the end of such Calendar Year.
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END OF YEAR STATEMENT. The Contractor shall prepare a definitive End of Year Statement. The Statement shall contain aggregated information in the same format as required in the Production Statement, Value of Production and Pricing Statement, Statement of Costs, Expenditures and Receipts, Cost Recovery Statement and Profit Sharing Statement, but shall be based on actual quantities of Petroleum produced, income received and costs and expenditures incurred. Based upon this Statement, any adjustments that are necessary shall be made to the transactions concerned under the Contract. [Explanation : End of year Statement shall further contain the item wise justification for the variation between the actual costs and expenditure incurred and included in the statement of costs, expenditure and receipts vis-à-vis the Budgets for corresponding line items.]
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END OF YEAR STATEMENT. 15.1 The Company shall prepare a definitive end-of-year statement. The statement shall contain aggregated information for the Calendar Year in the same format as required in the production statement, the value of production and pricing statement, and the expenditure and receipts statement, but will be based on actual quantities of Petroleum produced, income received and expenditure incurred. 15.2 The end-of-year statement for each Calendar Year shall, except in the case of the production statement, be submitted to the Minister within 60 days of the end of such Calendar Year. The end-of-year production statement shall be submitted within 14 days of the end of each Year.
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END OF YEAR STATEMENT. The Contractor shall prepare a definitive End of Year Statement. The Statement shall contain aggregatedinformation in the same format as required in the Production Statement, Value of Production and PricingStatement, Statement of income, but shall be based on actual quantities of Petroleum produced and income accrued. Based upon this Statement, any adjustments that are necessary shall be made to thetransactions concerned under the Contract.
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END OF YEAR STATEMENT. The Company shall prepare a definitive End-of-Year Statement. The Statement will contain aggregated information for the Year in the same format as required in the Value of Production, Pricing Statement, and Royalty payable statement Cost Recovery Statement and Statement of Expenditures and Receipts and Additional Profit Tax Statement but will be based on the actual quantities of Petroleum produced and the costs and expenses incurred. The End-of-Year Statement for each Calendar Year shall be submitted to Government and T.P.D.C. within sixty (60) days of the end of such Calendar Year.
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END OF YEAR STATEMENT. 6.5.1 The Licensee shall prepare a definitive end of year statement. The statement shall contain aggregated information in the same format as required in the production statement, value of production and pricing statement, statement of costs, expenditures and income, Cost Recovery statement and profit sharing statement, but shall be based on actual quantities of Petroleum produced, income accrued and costs and expenditures incurred. Based upon this statement, any adjustments that are necessary shall be made to the transactions concerned under the Agreement. 6.5.2 End of year statement shall further contain the item-wise justification for the variation between the actual costs, expenditure and income incurred and included in the statement of costs, expenditure and income vis-à-vis the budgets for corresponding line items. 6.5.3 The Licensee shall prepare and submit joint venture accounts to indicate the recoverable costs, value of Petroleum Produced and Saved, Cost Petroleum, Profit Petroleum, etc. 6.5.4 The end of year statement for each Calendar Year shall be duly audited under Article 30 and submitted to Government within ninety (90) days of the end of such Calendar Year.
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END OF YEAR STATEMENT. 9.1 The Contractor shall prepare an End-of-Year Statement. The Statement will contain aggregated information for the Year in the same format as required in the Value of Production and Pricing Statement, Cost Recovery Statement and Statement of Expenditures and Receipts but will be based on actual quantities of Petroleum produced and expenses incurred. The End-of-Year Statement for each Calendar Year shall be submitted to the Minister within one hundred and twenty (120) days of the end of such Calendar Year. (a) Crude Oil (i) In the event the domestic supply obligations under Article 17 are effected by the Government as to Crude Oil, not later than one hundred and twenty (120) days after the end of each Calendar Year, the Minister, acting on behalf of the Government, shall make available to Contractor an annual summary (the “Domestic Supply Report”) describing (a) the Government's total entitlement from all Crude Oil production in Guyana during the prior Calendar Year, (b) the quantity of Crude Oil actually provided to the Government by Contractor and all third parties which produce Crude Oil in Guyana during the prior Calendar Year, and (c) a description of the quantities and use of all Crude Oil provided to the Government by Contractor and all third parties which produce Crude Oil in Guyana, including without limitation, domestic power supply from power plant facilities, refined products for domestic consumption from refineries, etc., and any quantities of Crude Oil, refined products, petrochemicals or fuel for power generation that are exported from Guyana. (b) Natural Gas (i) In the event the domestic supply obligations under Article 17 have been effected by the Government as to Natural Gas, not later than one hundred and twenty (120) days after the end of each Calendar Year, the Minister, acting on behalf of the Government, shall make available to Contractor an annual summary (the “Domestic Supply Report”) describing (a) the Government's total entitlement from all Natural Gas production in Guyana during the prior Calendar Year, (b) the quantity of Natural Gas actually provided to the Government by Contractor and all third parties which produce Natural Gas in Guyana during the prior Calendar Year, and (c) a description of the quantities and use of all Natural Gas provided to the Government by Contractor and all third parties which produce Natural Gas in Guyana, including without limitation, domestic residential, commercial and industrial consumption, fu...
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END OF YEAR STATEMENT. 8.1 The Contractor shall prepare a definitive End of Year Statement. The statement shall contain aggregated information in the same format as required in the Production Statement, Value of Production and Pricing Statement, Statement of Costs, Expenditures and Receipts and Royalty and Production Level Payments Statements but shall be based on actual quantities of CBM produced, income received and costs and expenditures incurred. Based upon this Statement, any adjustments that are necessary shall be made to the transactions concerned under the Contract. 8.2 The End of Year Statement for each Year shall be submitted to Government within sixty (60) days of the end of such Year.
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END OF YEAR STATEMENT. 7.1.1 The Contractor shall prepare a definitive End of Year Statement. The Statement shall contain aggregatedinformation in the same format as required in the Production Statement, Value of Production and PricingStatement, Statement of income, but shall be based on actual quantities of Petroleum produced and income accrued. Based upon this Statement, any adjustments that are necessary shall be made to thetransactions concerned under the Contract. 7.1.2 End of Year Statement shall further contain the item wise justification for the variation between the actual income earned and included in the Statement of Income vis-a-vis the income estimates. 7.1.3 The Contractor shall prepare and submit memorandum joint venture accounts which may be adapted from Schedule III of the Companies Act, 2013 to indicate the value of Petroleum Produced and Saved, RevenueShare, etc.
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  • Monthly Statement The Contractor shall submit a statement to the Engineer at the end of each month, in a tabulated form approved by the Engineer, showing the amounts to which the Contractor considers himself to be entitled. The statement shall include the following items, as applicable; - the value of the Permanent Work executed up to the end of previous month - such an amount (not exceeding 75 percent of the value) as the Engineer may consider proper on account of materials for permanent work delivered by the Contractor in the site - such amount as the Engineer may consider fair and reasonable for any Temporary Works for which separate amounts are provided in the Bill of Quantities - adjustments under Clause 70 - any amount to be withheld under retention provisions of Sub-clause 60.3 - any other sum to which the Contractor may be entitled under the Contract If the Engineer disagrees with or cannot verify any part of the statement, the Contractor shall submit such further information as the Engineer may reasonably require and shall make such changes and corrections in the statement as may be directed by the Engineer. In cases where there is difference in opinion as to the value of any item, the Engineer’s view shall prevail.

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  • Billing Statement The billing statement shall show the work authorization number for each work authorization included in the billing, the total amount earned to the date of submission, and the amount due and payable as of the date of the current billing statement for each work authorization. The billing statement shall indicate if the work has been completed or if the billing is for partial completion of the work. The fixed fee will be paid in proportion to the percentage of work completed per work authorizations.