Turnover

Turnover

1) Total amount invoiced by the sea transport enterprise during the period under review. This total corresponds to market sales of goods or services supplied to third parties.

Turnover includes all duties and taxes on the goods or services invoiced by the enterprise with the exception of VAT invoiced by the unit vis-a-vis its customers. It also includes all other charges to customers. Reductions in prices, rebates and discounts as well as the value of returned packing must be deducted, but not cash discounts for prompt payments.

Turnover does not include sales of fixed assets. Operating subsidies received from public authorities are also excluded.

Джерело: Тлумачний англо-російсько-український словник транспортних термінів: 447 термінів. - Одеса: Вид-во ОНМУ, 2007. – С. 30 (287 с.)

2) Turnover The total revenue received by a business from its sales, etc. Usually measured annually.

Source: David Lowe. The Dictionary of Transport and Logistics. Kogan Page, 2002. – P.259 (288 p.)