Definitions for "Exceptional items"
Large or unusual costs or revenueâ€(tm)s that are therefore excluded from certain profit measures.... more on: Exceptional items
These are features in the profit and loss statement that are not expected to occur regularly. They are typically profits or losses recorded by selling businesses, or charges incurred in closing activities down. They make interpreting of accounts, especially earnings per share, more difficult. It is one reason why companies also produce adjusted figures to show the underlying performance of the company.
Part of a company’s profit and loss account. Items which are material, derived from events or transactions within a company’s ordinary activities and which need to be disclosed separately to ensure that the company’s accounts give a true and fair view. Contrast with an Extraordinary Item.