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.
income or expenses that arise from events or transactions that are clearly distinct from the Groupâ€(tm)s ordinary activities and are therefore not expected to recur frequently or regularly.
Items listed in a company's profit and loss account that are associated with the normal activity of the company but are exceptional in their size.
These are one-off costs (in accounting jargon they are 'items') which are not regarded as part of their ongoing expense of running the business. In the boom many companies quoted "normalised" profits with some of their costs being classified as "exceptional" every year. Critics pointed out that costs which seem to recur annually are not really exceptional.
are material items which derive from events or transactions that fall within the ordinary activities of the reporting entity and which individually or, if of a similar type, in aggregate, need to be disclosed by virtue of their size or incidence if the financial statements are to give a true and fair view.
Material (or large) costs or profits that need to be disclosed by virtue of their size or incidence if the financial statements are to give a true and fair view.
Exceptional items are separately reported in a businessâ€(tm)s profit and loss account. Exceptional items are those which are material, derived from events or transactions within a businessâ€(tm)s ordinary activities and which need to be disclosed separately to ensure that the businessâ€(tm)s accounts give a true and fair view. (See also extraordinary items)
Transactions listed in a company's profit and loss account that aren't expected to occur again.
Unusual costs or revenues whose exclusion from profits better shows underlying performance... more on Exceptional items