For the full year, AEV recognized nonrecurring
losses from asset impairment and debt repayment costs amounting to P2.
Asian/Pacific sales declined 6% as a result of the tough year-over-year comparison and improved 23% excluding the nonrecurring
Yahoo and SmartMoney exclude nonrecurring
items from the computation of net income, whereas Morningstar and Bloomberg include them.
Financial literates likely identify more nonrecurring
issues that have been extensively and prominently covered by the business press than recurring or nonrecurring
issues that have not received such coverage.
Nonsustainable revenue includes any nonrecurring
revenue, such as first-year life commissions, fees for a one-time consulting project or bonus income for a book rollover.
The fact the expenses are nonrecurring
should be ignored in determining their deductibility.
Exclusive of nonrecurring
charges, Revco produced some $61.
During the fourth quarter, the company also recorded a nonrecurring
5-cents-a-share reduction in earnings to recognize the company's pro-rata portion of Visa Inc.
and nonstandard entries and their relationship to financial misstatements have come to the profession's attention.
2% gain in earnings before nonrecurring
charges to $139.
6 million after-tax reduction to the nonrecurring
charge recorded in the second quarter ended July 31, 1998.