Deferred Expenditures

Expenditures, Deferred

 

expenditures incurred during the reporting and preceding periods that are to be included in production and overhead costs during subsequent reporting periods. A distinction by time periods of expenditures incurred by enterprises in the USSR is essential for correctly calculating output costs and for reflecting overheads, profits, and losses.

In industry, deferred expenditures include expenditures for preparatory mining work and mining operations; the makeup of the work is determined by the instructions of the appropriate branch of industry. Deferred expenditures also include expenditures for routine repair of fixed assets when amounts exceed the previously formed reserve for forthcoming expenditures. In addition, they take in expenditures for prepaid rent and subscriptions to periodicals. In the seasonal sectors of industry, deferred expenditures include the general off-season overheads. In aviation, shipbuilding, and other industrial sectors, deferred expenditures take in expenditures used to develop new production methods. This includes expenditures to design and plan models of new articles, develop manufacturing methods, redesign shops and retooling, develop expenditure standards, and compile estimate calculations. The expenditures also cover the difference between the estimated prime cost of the first experimental sample or the first experimental batch of new articles and the planned cost of lot production of the articles.

Construction organizations include in deferred expenditures the value of temporary (nonitemized) devices and units and expenditures for mass recruitment of workers when production is organized or expanded.

Deferred expenditures are part of the normed circulating capital. At the moment the expenditures are made, they are entered under this head in the accounts, and later they are written off in parts against the corresponding items of production or overhead costs. Thus, expenditures for starting up production of new types of output are written off in keeping with the output of the product against the production costs, generally during a period of two years; the writing off is done in certain shares per unit of output and is included in the prime cost of this output as a separate item. The expenditures for preparatory mining work and stripping are written off against the mineral extraction costs in certain shares (per ton of ore or coal extracted, per cubic meter of clay or sand). The deferred expenditures are paid out of individual circulating capital; expenditures of a seasonal character are credited by the State Bank of the USSR (Gosbank).

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IPL's and WPL's ability to obtain adequate and timely rate relief to allow for, among other things, the recovery of operating costs, fuel costs, transmission costs, deferred expenditures, capital expenditures, and remaining costs related to generating units that may be permanently closed, earning their authorized rates of return, and the payments to their parent of expected levels of dividends;
Almost 80% of the respondents indicated they had reduced or deferred expenditures in the past 12 months, would make a conscious effort to do so in the next 12 months, or had both done so in the past and would continue to do so in the future.
Ability of IPL and Wisconsin Power and Light Company (WPL) to recover their operating costs, deferred expenditures and capital expenditures, and to earn a reasonable rate of return
As of December 31, 2005, the Company had capitalized mineral properties and deferred expenditures totaling $55.
IPL's ability to obtain adequate and timely rate relief to allow for, among other things, the recovery of operating costs, capital expenditures and deferred expenditures, the earning of reasonable rates of return and the payment of expected levels of dividends;
0 million payment from Falconbridge in the current period, which was partially offset by additions to mineral properties and deferred expenditures on the Company's exploration and development projects, principally the Cerro San Pedro and Rio Figueroa projects, totaling $6.
67 million decrease in working capital primarily results from additions to mineral properties and deferred expenditures on the Company's exploration and development projects, principally the Cerro San Pedro and Rio Figueroa projects, totaling $4.
In addition, deferred expenditures were approximately $2.
Now, the combination of increased business volume and deferred expenditures forces management to determine the best way to spend their newfound revenues," says Robert Mandelbaum, director of research information services for PKF-HR.
Actual results could be affected by such factors as: state or federal regulatory actions, including allowing for, among other things, the recovery of operating costs, capital expenditures and deferred expenditures, including the rate case pending for Interstate Power and Light Company and the release of written orders concerning the charges; successful negotiation with Sutherland Generating Station #4 partners regarding costs; economic and political conditions in IPL's service territory; and current or future litigation, regulatory investigations, proceedings or inquiries.
dollar at September 30, 2004 as compared to June 30, 2004, and a decrease in write-down of mineral properties and deferred expenditures in the current period on various Chilean exploration projects totaling $675,691.
state regulatory or governmental actions, and future regulatory proceedings, including regulatory decisions regarding IPL's proposed rate increase; -- IPL's ability to obtain adequate and timely rate relief to allow for, among other things, the recovery of operating costs, capital expenditures and deferred expenditures, the earning of reasonable rates of return and the payment of expected levels of dividends; -- economic and political conditions in IPL's service territory; and -- the impact of fuel and fuel-related prices and the effectiveness of continued cost control efforts and operating efficiencies.