![]() There was a sale of an equity stake in one of its subsidiary within the same financial period. KKK Group: The Company’s December quarter for 2015 showed a growth of 150% in y-o-y profit.XYZ Overseas: The Company reported a growth of 15% in y-o-y revenue, but being an import-export player, it got exposed to currency volatility, which resulted in a loss of $100 million as the net profit dipped by 20%.They are considered as long-term or long-living assets as the Company utilizes them for over a year. This loss was attributable to impairment loss, which the company took on the goodwill and other intangible assets Intangible Assets Intangible Assets are the identifiable assets which do not have a physical existence, i.e., you can't touch them, like goodwill, patents, copyrights, & franchise etc. read more of $1000 million for the March 2014 quarter though its revenue grew by 30 %. It is evaluated as the difference between revenues and expenses and recorded as a liability in the balance sheet. ABC Pharmaceuticals Ltd: The Company reported a net loss A Net Loss Net loss or net operating loss refers to the excess of the expenses incurred over the income generated in a given accounting period.XYZ India Bank: The bank reported a drop of 65% in net profit for the September 2015 quarter as a result of higher provisioning done to cover pension, gratuity, and loan losses arising as a result of a higher NPA %.The companies referred to in these examples are hypothetical. Here are some cases when Non-recurring items have affected profit favorably or adversely. Source: Non Recurring Items () Examples of Non-Recurring Items You are free to use this image on your website, templates etc, Please provide us with an attribution link How to Provide Attribution? Article Link to be Hyperlinked Non Recurring Items in Financial Statements Video.#2 – Use Straight line spreading (Distributing them historically).#1 – Allocate them within the Single Financial year.Remedies for dealing with Non-Recurring Items.What problem do nonrecurring items pose to Investors and Analysts?.Changes in Accounting Principles Examples.Below is an example of Discontinued Operations for GE.Very recently, Japan’s Sony Corp estimated $1 billion as earthquake-related damages.#2 – Extraordinary Items (Infrequent and Unusual).Below is an example of Restructuring and asset impairment charges in Intel.
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