Versions of s. 18.21(1), definition “group adjusted net book income”

group adjusted net book income, of a consolidated group for a relevant period, means the amount determined by the formula A − B where A is the amount determined by the formula C + D + E + F + G where C is the amount, if any, of net income reported in the consolidated financial statements of the group for the period, D is the amount, if any, of income tax expense reported in those statements, E is the amount that would be the specified interest expense of the group for the period if the definition specified interest expense were read without reference to paragraph (b) of the description of A, F is the total of all amounts used in determining the amounts reported in those statements each of which is the amount of a depreciation or amortization expense in respect of an asset, a charge in respect of the impairment or write-off of an asset referred to in paragraph (a), a loss on the disposal of an asset referred to in paragraph (a), if an election is made under subsection (4) and the net fair value amount for the period is negative, the absolute value of the net fair value amount, and an expense, charge, deduction or loss that is similar to any of those referred to in paragraphs (a) to (d), and G is the total of all amounts referred to in the description of D or F that are included in the determination of the net income or loss of an equity-accounted entity, to the extent of the consolidated group’s share of that net income or loss; and B is the amount determined by the formula H + I + J + K + L + M + N where H is the amount, if any, of net loss reported in those statements, I is the amount, if any, of income tax recoverable reported in those statements, J is the specified interest income of the group for the period, K if an election is made under subsection (4) and the net fair value amount for the period is positive, the net fair value amount, L is the total of all amounts used in determining the amounts reported in those statements each of which is the amount of a gain on the disposal of an asset referred to in paragraph (a) of the description of F, to the extent that the sale proceeds do not exceed the original cost of the asset, M is the total of all amounts referred to in the descriptions of I, K and L that is included in the determination of the net income or loss of an equity-accounted entity, to the extent of the consolidated group’s share of that net income or loss, and N is the total of all amounts, each of which is the portion of net income reported in those statements that can reasonably be considered to be earned by a borrower (within the meaning of the definition exempt interest and financing expenses in subsection 18.2(1)) in respect of a borrowing (within the meaning of the definition exempt interest and financing expenses in subsection 18.2(1)) that results in exempt interest and financing expenses of the borrower. (bénéfice net comptable rajusté du groupe)