What Is Included In Other Operating Income Other income may also include earnings from sources that do not fit into the previously mentioned categories These can range from government grants and legal settlements to supplier rebates and rental income from unused office space The operating margin which measures operating income as a percentage of revenue provides insight into how
Usually they include salaries wages commissions benefits bonuses pension plan contributions etc On top of that operating expenses also include payments to other similar parties For example it may consist of outsourcing expenses etc Some other prevalent items appearing under operating expenses in the income statement are as follows In the income statement other income is presented after the other gross profit For example during the year the company makes revenue of USD500 000 cost of sales USD300 000 and other income USD5 000 then the extract P L of the company is as follows Revenue 500 000 COGD 300 000 Gross profit 200 000 Other income 1 000
What Is Included In Other Operating Income
What Is Included In Other Operating Income
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Income Of Other Persons Included In Assessee s Total Income 5 1
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Operating income is the amount left over after all operating expenses are subtracted from revenue When recognizing other income and expenses it is important to take them into consideration to arrive at the correct operating income figure To calculate operating income first add other income to EBITDA Earnings Before Interest Taxes Other income is income arising from activities unrelated to a company s core business that consist of either 1 selling activities such as interest on loans 2 contractual earnings such as legal damages or 3 accounting adjustments such as gains on foreign exchange conversion That said some late fees are so common that they are
Other calculations of profit income or earnings such as gross income EBIT and operating income are all more specific interpretations of net income that exclude certain revenues and expenses Examples of expenses used in net income but not operating income include interest taxes income from asset sales or other alternate revenue streams EBIT and operating income can appear similar in company statements but EBIT may include some non operating income or expenses unlike operating income Still sometimes both calculations do differ The EBIT calculation excludes interest income but might include income from other non operating sources EBITDA is very similar to EBIT The only
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Other Income and Expenses The entire disclosure for other income or other expense items both operating and nonoperating Sources of nonoperating income or nonoperating expense that may be disclosed include amounts earned from dividends interest on securities profits losses on securities net and miscellaneous other income or income deductions Example 1 Liquor Store with Lottery Income It is common practice for liquor stores to report lottery or ATM fee income within Other Income on the income statements Since this income is generated from the normal course of business this income should be included in the liquor store s adjusted earnings
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What Is Included In Other Operating Income - EBIT and operating income can appear similar in company statements but EBIT may include some non operating income or expenses unlike operating income Still sometimes both calculations do differ The EBIT calculation excludes interest income but might include income from other non operating sources EBITDA is very similar to EBIT The only