Abnormals definition

Abnormals means unusual enough to influence the economic decisions using the reported results. Abnormal item adjustments include any unusual and non-recurring gains and/or losses (in each case as reflected in the relevant statement of comprehensive income). An item does not qualify as non-recurring simply because it is unplanned or unexpected. Examples of abnormals include: gains or losses on asset disposals or revaluations; discontinued operations; and major restructuring costs. Reclassification of abnormals may occur if an organisation’s application of abnormal differs materially from the rest of the sector.
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Examples of Abnormals in a sentence

  • Abnormal may use Service support providers (e.g., third-party hosting and other service providers) in provision of the Service and Support and permit them to exercise Abnormal's rights and fulfill Abnormal's obligations, but Abnormal remains responsible for their compliance with this Agreement.

  • Abnormals are items, as determined by Westpac NZ in its sole discretion, that are not expected to occur frequently and are distinct from the Borrower’s ordinary operations.

  • EBIT is the Borrower’s net profit before Funding Costs, income Tax and Abnormals for the relevant financial year (but excluding the Borrower’s general manager’s salary where such salary is funded by the Parent) but after depreciation, research and development expenses and payments and other benefits to directors and shareholders (excluding Permitted Payments) for the relevant financial year.