the expense of maintaining property (e.g., paying property taxes and utilities and insurance); it does not include depreciation or the cost of financing or income taxes
- Other non-operating income (expense), net
- A guarantee premium constitutes an operating expense for HLB and thus reduces the taxable profit.
- The guarantee premium counts as an operating expense for LBB and therefore reduces taxable profit.
- Gross operating surplus can be calculated directly from the following accounting headings from the function of expense method
- Gross operating surplus can be calculated directly from the following accounting headings from the nature of expense method
- To this end, it is necessary to disclose a total expense ratio (TER) calculated as an indicator of the fund's total operating costs.
- Whereas subscribed capital had to be remunerated through dividends after tax, the remuneration for a silent partnership contribution was a tax deductible operating expense.
- A guarantee premium constitutes an operating expense for HLB and thus reduces the taxable profit. The remuneration payable to FHH comes out of after-tax profits.
- employee benefits costs Gross operating surplus can be calculated directly from the following accounting headings from the function of expense method
- Since the remuneration for the entire silent participation contribution is tax-deductible as an operating expense and also differs in this respect from the tax treatment of the remuneration in Decision 2000/392/EC, this premium has to be understood as a before-tax rate that can be claimed in full as an operating expense.
- In addition, there were tax advantages for the accepting bank since the interest payable does not involve the use of profits but usually, as in the present case, represented a (tax-reducing) operating expense.
- The Commission considers that the acquisition of this machine does not constitute an investment in tangible assets as defined by Regulation (EC) No 70/2001 but that the costs for the acquisition of this machine constitute a pure operating expense.
- The total expense ratio (TER) of a UCITS is equal to the ratio of the UCITS' total operating costs to its average net assets calculated as according to paragraph 3.
- The scheme appeared to be an operating aid and, on the basis of the information available, was incompatible since it did not seem to be directed to any eligible investments or expense items.
- The other Landesbanks thus enjoy a tax benefit where the costs for the liquidity that once more has to be found are tax-deductible as an operating expense, whereas this would not be the case for an investment that was in cash at the outset but otherwise identical, such investment providing the relevant benchmark.