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| Turnover | Total invoiced sales for the period, net of VAT. UK sales. Exports & overseas sales and inter-company sales will be included. |
| Cost of sales | Cost components directly related to turnover. |
| Gross profit | This indicates the profit before deducting depreciation, distribution, selling and administration costs. It is an indicator of the underlying profitability of a company's core operations. |
| Operating Profit | Indicates the profit and loss arising from core business activities. The figure is pre-tax profit plus Interest paid minus non trading income. |
| Non-trading income | Comprises investment income, such as income from quoted & unquoted investments, rents received, share of profit from associated companies; as well as reserves adjustments, such as transfers from capital grant reserve. Interest relief grants. Write-offs of investments and intangibles will also be included. |
| Interest Payable | Interest paid by the company. This will be the net charge for interest after any capitalised element. It should be noted that many private companies do not disclose this figure in full, or aggregate short and long term, and hire purchase interest together. |
| Pre-tax profit | The net trading profit figure after deduction of all operating expenses including depreciation & finance charges, but before deduction of tax, dividends, subventions or group relief, and other appropriations. Where applicable it will include the share of profits and losses of associated companies. Items described by the company as exceptional are included. Extraordinary items are excluded. |
| Taxation | Tax charges paid against profits. This can be negative, representing a tax credit. |
| Profit after tax | This figure represents the profit/or loss after deduction of corporation taxation but before the deduction of dividends, minority interests and any extraordinary items. |
| Dividends payable | This item includes both proposed and paid items and provisions / appropriations determined by FRS4 |
| Retained profits | This figure is after the deduction of extraordinary items, taxation, dividends and any other appropriations (e.g. Minority Interests). Essentially, this is the amount carried from the Profit and Loss Account balance on the Balance Sheet. |
| Value added | Trading Profit plus salaries & wages. It should be noted that for the value added calculation, Staff Costs are grossed up to reflect national insurance costs. Value Added represents the difference between the Sales Income received and Bought in materials and services expended in the period. |