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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The jump in earnings is due not only to the encouraging improvement in our operations but also to a high level of positive exceptional items resulting from the disposal of land that was no longer being used following the successful completion of measures to optimise our network of sites, says DEUTZs Chief Financial Officer, Dr Margarete Haase.
The group posted a 26% fall in pre-tax profit to PS114 million in 2017 as it booked exceptional items totalling PS10.
The company said it was also on track to deliver a group operating profit before exceptional items of 1.
56bn during April to June, including exceptional items.
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.
Prot before tax and exceptional items remained steady at PS55m and the company experience a like-for-like net income growth of 1.
Earnings per share before exceptional items, including the number of shares held in trust by the employee share scheme, increased by 12.
3m) from the previous year, exceptional items ate into the group's cash pile.
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.
Profit before Interest & Tax (PBIT) before exceptional items at Rs.
Overall, pre-tax profits before exceptional items rose 50 per cent in the period to pounds 106.
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