extraordinary gain

Extraordinary Gain

Non-recurring, non-operating profit in a given fiscal year. Publicly-traded companies must include extraordinary gains (and extraordinary losses) on their annual and quarterly reports; they are usually explained separately so as not to detract from the companies' usual gains and losses. One of the most common extraordinary gains a company may report is the sale of a subsidiary or stake in another company for an amount greater than the asset value carried on the company's balance sheet.

extraordinary gain

Income from an unusual, infrequently occurring event or transaction. For example, a firm might sell a subsidiary at a price significantly higher than the value at which that subsidiary's assets are carried on the firm's balance sheet. An extraordinary gain is reported separately from regular income to emphasize the fact that it is nonrecurring.
References in periodicals archive ?
Net income for 2013 included an extraordinary gain of P70 million arising from the sale of a non-core asset.
This is because the extraordinary gain under tracing is limited only to recognized BIG, while it captures gain recognized on assets purchased after the subsidiary joined the group.
Net income was lower than 2003 due to the lower extraordinary gain in 2004.
NORDIC BUSINESS REPORT-27 May 2004-Tomra Systems ASA to book extraordinary gain of USD8m in Q2(C)1994-2004 M2 COMMUNICATIONS LTD http://www.
7 million extraordinary gain related to the restructuring of debt and a $2.
General Mills set up a pre-tax charge in 1989 when it had an extraordinary gain.
5) To allow relief for economic loss, loss disallowance does not apply to stock of a subsidiary to the extent the loss exceeds a share's allocable part of the sum of (1) the aggregate earnings and profits resulting in positive investment adjustments and distributions from current earnings and profits (determined without regard to extraordinary gain dispositions described below) for all consolidated return years, (2) earnings and profits from certain extraordinary gains after November 18, 1990, net of directly related expenses, for all consolidated return years, and (3) the amount of duplicated loss (Prop.
Including an extraordinary gain, Company reported net income of $8.
Net income after an extraordinary gain was $574,264, compared with $108,233 for the first quarter of 2003.
Excluding the extraordinary gain and charge, House of Fabrics performed slightly worse this past quarter against 1996.
1) earnings and profits derived from extraordinary gain dispositions,

Full browser ?