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

Excluding this exceptional item, the increase in operating expenses would be 10.33%.

Tunisia: UBCI reports very good balance sheet for 2017

The Consolidated Profit before Exceptional item and Tax was Rs.4,658 crores, posting a growth of 68.7 percent over Rs.2,760 crores in the corresponding quarter of the previous year.

Tata Motors reports consolidated net revenue grows by 44 percent in Q3

Consolidated profit after tax stood at Rs 231 crore as compared to Rs 1,735 crore in Q1 FY20 mainly due to one-time exceptional item pertaining to sale of non-core investment in previous year quarter.

Tata Power reports 5 pc increase in Q1 revenue at Rs 7,567 crore

The benefit of the decision came for the full year in that quarter and if this exceptional item was excluded, the Q- on- Q net profit should have been higher by ` 736 crore, Vasudeva said.

ONGC net dips 17.5% on low crude output

The cost of achieving the cost savings would amount to pounds 9m including the previously announced exceptional item of pounds 5m relating to the integration of the newly-acquired Online Travel.

Lastminute.com shares plunge

Presumably on the back of job losses, profit from the pools firm went up by pounds 2.9 million to pounds 4m, but turnover slumped from pounds 61.1m to pounds 44.5m, and Easy Play's launch costs of nearly pounds 10m were written off as an exceptional item.

EASY COME . . . EASY GO?

Summary: Mumbai, Feb 7 (ANI): Tata Motors said on Thursday its profit after tax of Rs 26,961 crore during October to December 2018 was impacted by an exceptional item of asset impairment in Jaguar Land Rover of 3.1 billion pounds (about Rs 27,838 crore).

Tata Motors profit takes a hit of Rs 27,838 crore at JLR

Operating margins, before amortisation and exceptional item, improved from 4.8 per cent to 5.2 per cent with underlying operating profit increasing by 31.8 per cent to pounds 19.9 million compared with pounds 15.1 million in 2006.

Successful sales pitch lifts firm to pounds 15.4m profit; ENGINEERING

PRE-TAX profits at Northern Ireland's UTV television network touched pounds 33.75 million last year - up from pounds 9.75 million on the previous year - but were boosted by the exceptional item of the sale of its stake in Societe Europene de Satellites.

SUZY IN THE CITY: Sale boost to TV coffers

It is most pleasing to report that after three years of reducing our losses the Group returned to profit, recording a profit before tax and exceptional items of pounds 600,000, the exceptional item being the loss on disposal of the hotel in France of pounds 100,000.

Choice Hotels back in black