Traduction de «solde net de l'exercice précédent » (Français → Anglais) :

(ii) if the difference that results from subtracting calculated net profits from revenue to be equalized from mining revenues in the province for the fiscal year is less than or equal to zero, the calculated net profits in the province for the fiscal year less the aggregate, over the preceding fiscal years beginning with fiscal year 2004-2005, of the positive amounts that resulted from the subtraction referred to in subparagraph (i) and that have not been deducted under this subparagraph for previous fiscal years, but that result may not be less than the revenue to be equalized from mining revenues in the province for the fiscal year;

After the final closure of the accounts of year N-1, part of the appropriations resulting from the balance of the previous year, should be entered, with an Amending Budget, into the specific budget line of year N, both in commitments and payments.

The balance from the preceding financial year is normally budgeted in a Supplementary and/or amending budget in May.

In paragraph 25 you say, “In 2001-2002 our net cost of operations was $67 million, about $4 million more than the year before”, which I figure is about a 6% to 7% increase, and then you say, “We spent more money on our audit”, and so on.

Ms. Fraser, you said that for fiscal year 2001-2002, the net cost of your operations was $67 million, which is $4 million more than for the previous fiscal year.

Unless the Superintendent had approved, the dividend payment could not exceed the aggregate of the association’s net income for the year and its retained net income for the preceding two financial years.