Definition of Total Revenue

Definition in terms of the B-BBEE Codes of Good Practice of 11th October 2013 (BEE Codes 2013)

Total Revenue

Means the total income of the Entity from its operations as determined under South African Generally Accepted Accounting Practice;

BizAdvance Consulting comments and references:

Total Revenue in the Codes refers to the determination of the different measurement levels for EME, QSE and Generic entities as follows:

  •         EME’s and Start-ups            - Annual turnover of R10 million or less.

  •         QSE’S                                      - Annual turnover of R10 million or more but less than R50 million.

  •         Large Entities (Generic)      - Annual turnover of R50 million or more.

Comments are based on the opinion of BizAdvance Consulting and may be subject to different interpretations and opinions by other parties. The comments and references are intended as a guide to readers but it is important that they are read in conjunction with the Codes and other related legislation. Please refer to our Disclaimer Policy.