Profit of common business operation
The result from ordinary activities was in accounting a subtotal in the statement of income , which the operating result and the financial result included and the expenses and income of the underlying activity -oriented business operations should represent.
General
The result from ordinary activities should the balance reader and financial analysts to distinguish between business and extraordinary results are made possible. “Ordinary business” was the constant occurrence of typical business transactions within the framework of the core business . When composing the income statement, the criterion of regularity was important. For example, an automobile manufacturer generates revenue that is typical of its business from the sale of automobiles , while its income comes from claims settlementthe business interruption insurance non-core business and thus are considered extraordinary. The legislature , in July 2015 the Accounting Directive Implementation Act removed these distinctions, so that the result from ordinary activities no more than Subtotal from the annual financial statements for the fiscal year 2016 be shown.
calculation
In the graduated form (Section 275, Paragraph 2, Items 1–13 and Paragraph 3, Items 1–12 HGB old version), the income statement was as follows:
Umsatzerlöse +/- Bestandsveränderungen + andere aktivierte Eigenleistungen + sonstige betriebliche Erträge - Materialaufwand - Personalaufwand - Abschreibungen - sonstige betriebliche Aufwendungen +/- Beteiligungsergebnis +/- Zinsergebnis - Abschreibungen auf Finanzanlagen und auf Wertpapiere des Umlaufvermögens = Ergebnis der gewöhnlichen Geschäftstätigkeit
The result from ordinary business activities did not include the extraordinary result and income taxes . Since the extraordinary earnings components will no longer be shown from 2016, the presentation of the results from ordinary business activities has become obsolete.
Business importance
Due to the Accounting Directive Implementation Act, a distinction is no longer made in the annual financial statements between operational and extraordinary earnings contributions. This eliminates a very important distinction in business administration because the financial analyst is still interested in finding out whether and to what extent a profit or loss has also arisen due to extraordinary effects ( profit split ). As part of the accounting policies that use companies in creative accounting still the instrument of extraordinary contributions to expel profits in a bad business situation or reduce any losses. These extraordinary effects are only to be listed in the notes in accordance with Section 285 No. 31 and No. 32 HGB if they are of major importance. This makes it easier for companies to use extraordinary effects that influence results without the public recognizing them as such.
The deletion of the item "Profit from operations" ( english results of operating activities ) in 2003 founded the IASB in IAS 1.BC12 so that the profit from operations in IAS 1 is not defined and classification of non-defined positions not could be demanded.
Individual evidence
- ↑ Thomas Hutzschenreuter, General Business Administration , 2009, p. 326
- ↑ Gerhard Förschle / Michael Peun, in: Beck'scher Balance Sheet Comment , 9th edition. 2014, § 275 HGB, Rn. 213-214
- ↑ Henner Schierenbeck , Grundzüge der Betriebswirtschaftslehre , 2003, p. 614
- ↑ Janina Bogajewskaja, Reporting Financial Performance , 2007, p. 200
