Misplaced Pages

#824175

26-409: An Anstalt is a hybrid between a company limited by shares and a foundation . An Anstalt is an entity, which has no members, participants or shareholders . It differs from a company in that it has no duty to return profit and differs from a trust in that it has no obligation to a beneficiary . Anstalt do have, however, a holder of the founder's rights. The founder can be either a legal person or

52-571: A double-entry bookkeeping system , revenue accounts are general ledger accounts that are summarized periodically under the heading "revenue" or "revenues" on an income statement . Revenue account-names describe the type of revenue, such as "repair service revenue", "rent revenue earned" or "sales". For non-profit organizations , revenue may be referred to as gross receipts , support , contributions , etc. This operating revenue can include donations from individuals and corporations, support from government agencies, income from activities related to

78-410: A holding company for overseas subsidiaries when trying to minimise tax in their home jurisdictions. That is, Anstalt are a safe and easy place to park assets at tax time. There are two types of Anstalt; commercial and non-commercial, and they feature prominently in the finance system of Liechtenstein , where they are considered to be a Public Law Institution, though they are not able to be listed on

104-468: A natural person , need not be resident in the host country and Anstalt must have a minimum capital of CHF 30 000 (approximately USD 33 800). There is also no need for the founders identity to be notified to the registration office. These features, and the founders rights, and because an Anstalt can conduct many kinds of business, including non-trading activities (such as holding passive investments), has made them popular with foreign companies who use them as

130-434: A business's primary activities are reported as sales , sales revenue or net sales . This includes product returns and discounts for early payment of invoices . Most businesses also have revenue that is incidental to the business's primary activities, such as interest earned on deposits in a demand account . This is included in revenue but not included in net sales. Sales revenue does not include sales tax collected by

156-494: A company, and those without shares (the majority) are sometimes (though not always) treated as a constructive trust . The term "anstalt" is also used in the Nordic countries , where it has a different meaning. In Swedish , for instance, "anstalt" refers to an "institution", especially to one of societal character (e.g. a prison or a health care institution). The name Anstalt means "Institution" or "Establishment". which comes from

182-581: A disclosure document such as a prospectus , an offer information statement, or a profile statement to be issued (sec.113(3)). The Act states in which circumstances a company must issue a prospectus when attempting to raise funds. This means that a proprietary company must not offer its shares to the public. Section 45A of the Act also distinguishes proprietary companies as either "large proprietary" or "small proprietary". The differences here relate to issues such as operating revenue , consolidated gross assets , and

208-406: A foreign company. Proprietary companies have the word "Proprietary" in their name, thus Relays Proprietary Limited, abbreviated to Relays Pty Ltd or Relays P/L. To help identify companies more uniquely and concisely, many countries have a company number which does not change if the company changes its name. Revenue In accounting , revenue is the total amount of income generated by

234-410: A given period. In accounting , revenue is a subsection of the equity section of the balance statement, since it increases equity. It is often referred to as the "top line" due to its position at the very top of the income statement . This is to be contrasted with the "bottom line" which denotes net income (gross revenues minus total expenses). In general usage, revenue is the total amount of income by

260-456: A particular standard accounting practice or the rules established by a government or government agency. Two common accounting methods , cash basis accounting and accrual basis accounting , do not use the same process for measuring revenue. Corporations that offer shares for sale to the public are usually required by law to report revenue based on generally accepted accounting principles or on International Financial Reporting Standards . In

286-592: Is either limited or unlimited . However, unlike a public company there are, depending on jurisdiction , restrictions on what it can and cannot do. In Australia, a proprietary company is defined under section 45A(1) of the Corporations Act 2001 (Cth). The Act puts certain restrictions on proprietary companies such as not permitting them to have more than 50 members ( shareholders ). Another important restriction relates to fundraising . A proprietary company must not engage in fundraising that would require

SECTION 10

#1732794043825

312-415: Is from something other than its core operations. The combination of all the revenue-generating systems of a business is called its revenue model . While the current IFRS conceptual framework no longer draws a distinction between revenue and gains, it continues to be drawn at the standard and reporting levels. For example, IFRS 9.5.7.1 states: "A gain or loss on a financial asset or financial liability that

338-759: Is limited to the value of shares. Its counterparts include the public limited company (Ltd) and the Unlimited Proprietary company (Pty) with a share capital. Under the Australian Corporations Act 2001 (Cth), a proprietary company must be either – The proprietary limited or unlimited company must have at least one shareholder, no more than 50 non-employee shareholders, and at least one director who must live in Australia. A secretary can be appointed (sec.204A), that must be at least 18 years of age. One person may simultaneously hold

364-450: Is measured at fair value shall be recognised in profit or loss ..." while the IASB defined IFRS XBRL taxonomy includes OtherGainsLosses, GainsLossesOnNetMonetaryPosition and similar items. Revenue is a crucial part of financial statement analysis. The company's performance is measured to the extent to which its asset inflows (revenues) compare with its asset outflows ( expenses ). Net income

390-473: Is printed. This is recorded as an advance to the retail bank together with a corresponding currency in circulation expense entry, that is, the income derived from the Official Cash rate payable by the retail banks for instruments such as 90-day bills. There is a question as to whether using generic business-based accounting standards can give a fair and accurate picture of government accounts, in that with

416-467: Is the result of this equation, but revenue typically enjoys equal attention during a standard earnings call . If a company displays solid "top-line growth", analysts could view the period's performance as positive even if earnings growth, or "bottom-line growth" is stagnant. Conversely, high net income growth would be tainted if a company failed to produce significant revenue growth. Consistent revenue growth, if accompanied by net income growth, contributes to

442-560: The Middle High German Anstalt and means to set up [Public] purpose for a particular purpose and the building which houses it. This business-related article is a stub . You can help Misplaced Pages by expanding it . Proprietary company A proprietary company , the characteristic of which is abbreviated as "Pty", is a form of privately held company in Australia , Namibia and South Africa that

468-548: The Stock Exchange . Anstalt differ from the related entities called stiftung in that Anstalt can conduct all kinds of business activities. Anstalt are seen as different from Gesellschaft mit beschränkter Haftung , a corporate type found in many German-speaking countries, which do feature members and participants. Anstalt are a civil law creation and no direct common law analogue exists. Common law courts have tended to treat Anstalt that are "limited by shares", as

494-590: The association's digital media outlets. Business revenue is money income from activities that are ordinary for a particular corporation, company, partnership, or sole-proprietorship. For some businesses, such as manufacturing or grocery , most revenue is from the sale of goods. Service businesses such as law firms and barber shops receive most of their revenue from rendering services. Lending businesses such as car rentals and banks receive most of their revenue from fees and interest generated by lending assets to other organizations or individuals. Revenues from

520-436: The business. Other revenue (a.k.a. non-operating revenue) is revenue from peripheral (non-core) operations. For example, a company that manufactures and sells automobiles would record the revenue from the sale of an automobile as "regular" revenue. If that same company also rented a portion of one of its buildings, it would record that revenue as "other revenue" and disclose it separately on its income statement to show that it

546-473: The number of employed persons. Large proprietary companies are required to appoint an auditor and lodge appropriate financial statements with the Australian Securities & Investments Commission . Under Australian law, a proprietary limited company (abbreviated as 'Pty Ltd') is a business structure that has at least one shareholder and up to 50, where the liability of shareholders

SECTION 20

#1732794043825

572-544: The organization's mission , income from fundraising activities, and membership dues. Revenue (income and gains) from investments may be categorized as "operating" or "non-operating"—but for many non-profits must (simultaneously) be categorized by fund (along with other accounts). For non-profits with substantial revenue from the dues of their voluntary members: non-dues revenue is revenue generated through means besides association membership fees. This revenue can be found through means of sponsorships , donations or outsourcing

598-533: The positions of company director and secretary. Proprietary limited companies are also classified as "large" or "small". A proprietary company is classified as small only if it meets at least two of the following criteria: Most large proprietary companies have to lodge audited accounts. Small proprietary companies only have to prepare audited financial statements if ordered to do so by Australian Securities & Investments Commission or members holding five percent of voting shares and, in some cases, if controlled by

624-503: The sale of goods and services related to the primary operations of the business . Commercial revenue may also be referred to as sales or as turnover . Some companies receive revenue from interest , royalties , or other fees . "Revenue" may refer to income in general, or it may refer to the amount, in a monetary unit , earned during a period of time, as in "Last year, company X had revenue of $ 42 million". Profits or net income generally imply total revenue minus total expenses in

650-418: The sale of goods or services related to the company's operations. Sales revenue is income received from selling goods or services over a period of time. Tax revenue is income that a government receives from taxpayers. Fundraising revenue is income received by a charity from donors etc. to further its social purposes. In more formal usage, revenue is a calculation or estimation of periodic income based on

676-503: The value of an enterprise and therefore the share price. Revenue is used as an indication of earnings quality. There are several financial ratios attached to it: Government revenue includes all amounts of money (i.e., taxes and fees) received from sources outside the government entity. Large governments usually have an agency or department responsible for collecting government revenue from companies and individuals. Government revenue may also include reserve bank currency which

#824175