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.
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References in periodicals archive ?
Profit after tax before exceptional items was Rs 30 crore and Rs 24 crore after considering exceptional items.
Operating profit before exceptional items - the company's preferred profit measure - slipped 2.7% year-on-year to EUR1.09 billion from EUR1.12 billion in the interim period.
Summary: Profits for first half without considering these exceptional items has risen by Dh131m
* Reported Operating Profit increased nearly fourfold, and includes a [pounds sterling]23.6m net credit from Contract & Balance Sheet Review items (2017: net charge of [pounds sterling]24.2m) offset by a net charge for exceptional items of [pounds sterling]31.9m (2017: net charge of [pounds sterling]19.6m), neither of which are included in Underlying Trading Profit.
But the company took a PS209million hit for exceptional items mainly due to its acquisition of US-based ESCO and restructuring costs.
Operating profit before exceptional items totalled just over [pounds sterling]9.9m, down from about [pounds sterling]10.4m.
The group posted a 26% fall in pre-tax profit to PS114 million in 2017 as it booked exceptional items totalling PS10.3 million.
Operating expenses increased by 11.25%, as a result of a rise in staff costs by 7.4% and operating expenses by 25.1% (which include 4.5 MD of non-recurring exceptional items).
The company said it was also on track to deliver a group operating profit before exceptional items of 1.2 billion pounds for the current full year.
Net profit at the bank increased by 0.2 percent to EUR2.56bn during April to June, including exceptional items. Excluding exceptional items, net profit fell 4.8 percent to EUR2.19bn.
Without the exceptional items, the mining giant posted a healthy 89 per cent growth in consolidated net profit at Rs 955.4 crore in the fourth quarter helped by cost optimisation measures across segments and other income gains.
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