Exceptional Item

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Exceptional Item

An unusual charge that a company accrues in the ordinary course of its business. For example, the wages a company pays may be exceptionally large in a given year because of the amount of overtime that employees work. This differs from an extraordinary item which is also unusual but does not accrue in the ordinary course of business. Under the Generally Accepted Accounting Principles, exceptional items must be reported on a balance sheet while extraordinary items need not be reported.
References in periodicals archive ?
The pro forma results for both periods have been further adjusted for exceptional items in addition to transaction-related items associated with Nomad Foods acquisition of the Iglo Group on June 1, 2015.
The company reported exceptional items for the quarter, including a charge of ` 2,493 crore on account of the vehicles damaged in the explosion, which occurred on August 13.
The group said pre-tax profits before exceptional items on continuing operations were up 22% for the year to the end of January.
Profit before tax (PBT) excluding exceptional items grew by 49% increasing from Rs.
Prot before tax and exceptional items remained steady at PS55m and the company experience a like-for-like net income growth of 1.
3m) from the previous year, exceptional items ate into the group's cash pile.
6m) up 35% Profit from continuing operations before tax and exceptional items of $362.
Mann stated that the group has recorded its highest ever net income before capital gains and exceptional items, both for the 4th quarter and the full year.
The company's operating loss before exceptional items was EUR53.
Group turnover before exceptional items reduced by 2% to pounds 47m, while operating profit on continuing activities before amortisation, exceptional items, interest and tax was pounds 3.
Its nine-month profit excluding exceptional items rose 6 percent year-over-year to AED337 million from AED318 million last year.
Profit from operations before tax and exceptional items equally remained strong at NGN33.
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