profit and loss statement

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Profit and Loss Statement

An annual report, and other quarterly reports, a publicly-traded company publishes giving information over a given period of time. The report contains information on the company's financial state, most notably statements on revenue, expenses, and earnings (which is the difference between the two). It is in general less detailed that a stockholder's report but contains much of the same information. A profit and loss statement goes by a number of other names, including income statement, earnings statement, earnings report, and operating statement. See also: Balance Sheet.

profit and loss statement (P&L)

profit and loss statement

A semi-itemized list of all revenues and expenses of a person or company over a stated period of time, such as one month, one quarter, or one year.The items on the list are generally broad categories, but the selection of categories is a matter of personal preference for most small businesses.As a general rule,one should design a profit and loss statement so that it gives a snapshot of important revenue categories and the expenses associated with those particular revenues.

References in periodicals archive ?
dollars) recorded in gain on equity securities, net in the consolidated statement of income. The remaining shares retained as of June 30, 2018 have a gross fair value of 95,275 million yen (862 million U.S.
Moreover, the companies have option to present statement of financial position and statement of income and expenditure by using fund accounting.
The board passed, at the end of its sessions, a range of important decisions including endorsement of the statement of financial position of the bank as well as its the statement of income for the fiscal year ended December 31, 2015.
BBK liquidity and funding position continues to be strong with liquid assets (cash and balances with central banks, treasury bills, financial assets at fair value through statement of income, and deposits and due from banks and other financial institutions) to total assets standing at 26.7pc (September 2014: 18.3pc), loan to total deposit ratio at 63.3pc (September 2014: 70.7pc), and capital adequacy ratio remained at comfortable levels well above the regulatory minimum of 12.5pc.
The previous guidance in FASB Accounting Standards Codification (ASC) 22010-45-8 allowed three options for reporting comprehensive income: 1) total comprehensive income for the period, as well as components of OCI, could be reported below the total for net income in a single combined statement of income and CI, 2) in a separate statement of comprehensive income that begins with net income, and 3) within the statement of owners' equity.
In the exposure draft to the standard, FASB proposed reporting comprehensive income on a performance-based financial statement prepared using one of two alternatives: 1) a continuous statement of income with the top part being a traditional income statement leading to the determination of net income, and the items of other comprehensive income (OCI) serving as adjustments to net income in order to derive a bottom-line number (i.e., comprehensive income), or 2) a freestanding statement of comprehensive income that begins with net income, adjusted for the OCI items in order to arrive at comprehensive income.
Comparisons of the statement of income and statement of condition to the same period last year are impacted by the acquisition of VIST Financial Corp.
The company's management did not charge the rent expense for the year ended March 31, 2013 to the consolidated statement of income amounting to SR 3.9 million based on the company's legal adviser's opinion.
Liquidity position continued to remain at very comfortable levels with liquid assets (Cash and balances with central banks, treasury bills, Financial assets at fair value through statement of income, and Deposits and due from banks and other financial institutions) to total assets standing at 25.5% (March 2012: 22.4%), and loan to total deposit ratio at 60.7% (March 2012: 62.5%.)) END of BBK Press Release.
Haberal has allegedly made a false statement of income, concealing a monthly salary of 112 thousand TL.
A gain on investment of Dh15.7 million was recognised through the statement of income, compared to Dh37.6 million for the corresponding period of 2009.
You also need to immediately do up statement of income and expenditure so you can work out a budget of what you need to live on and stick to it.
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