Definition of financial year in English:

financial year


  • A year as reckoned for taxing or accounting purposes, for example the British tax year, reckoned from 6 April.

    North American term fiscal year
    • ‘He said the company had performed well in the last financial year and will post strong results.’
    • ‘This means that over the current economic cycle, which the Treasury assumes is the seven financial years from April 1999 to March 2006, the current budget should balance out or be in surplus.’
    • ‘If the company's accounting period straddles two financial years, the profit is apportioned and charged at the appropriate rates.’
    • ‘The construction of the base is scheduled to start in the next financial year.’
    • ‘Because many US companies closed off their financial years in June, it is expected that July and August will be spent consolidating their accounts and headcounts before progressing with projects and recruitment in September.’
    • ‘It was handed a £924,000 bonus, to spend in the new financial year beginning in April.’
    • ‘The figures are collated from the most recent set of filed accounts and, in most cases, relate to the 2002 and 2003 financial years.’
    • ‘Social Services will have spent £56 million by the end of the financial year in April.’
    • ‘The group's financial results for the last financial year are expected to be announced.’
    • ‘On the positive side, he said in the three financial years 1998/99-2000 / 01, the country managed to achieve a high degree of fiscal stability.’
    • ‘Greene King said all its divisions were showing increased profits as the new financial year got underway.’
    • ‘Also, the sick-pay policy has been improved, absenteeism has dropped, and shareholders have received dividends in four of the past six financial years.’
    • ‘The lists pertain to calendar years, not financial years.’
    • ‘Earnings grew last year by a very healthy 19.7 per cent, but it should be noted that earnings declined by over 20 per cent in the financial years 1996,1999 and 2000.’
    • ‘Council tenants have been invited to a public meeting about their rent for the financial year starting in April.’
    • ‘The end of the financial year used to be a red-letter day for investors.’
    • ‘We are now focusing on what needs to be done in stages two and three of our turn-around plan to return to financial balance in subsequent financial years.’
    • ‘Net asset turnover at 14% remained in line with the preceding two financial years.’
    • ‘Most of the data we have gathered in our investigation is for the financial years from 2000 to 2002.’
    • ‘Data for this analysis were derived from the database extract held at the University of Bristol, which currently contains data for financial years from 1 April 1991 to 31 March 2001.’
    twelve-month period, twelve-month session
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financial year