Total Sales

H-59

DEFINITION:

Gross value of sales during the reporting period.

GUIDANCE:

Sales revenue of investee companies should be revenue resulting from the ordinary operating activities of an organization. This is commonly referred to as earned revenue. Note this is distinct to total revenue given earning from financial activates, sales of assets, etc.

Note:

• Sales should be expressed in terms of the agreed reporting currency (typically USD, EUR, or local currency). Ideally, currencies should be complemented by exchange rates as used at the time of computation to allow for future use.

Applicability: Direct operations, Fund investment, not intermediated finance

Unit: # currency