IAS EBIT definition
IAS EBIT means, for any period, with respect to any Person and its Subsidiaries on a consolidated basis, (a) IAS Net Income for such period (excluding the effect under IAS of any extraordinary or other non-recurring gains or losses) plus (b) an amount which, in the determination of IAS Net Income for such period, has been deducted for (i) IAS Interest Expense for such period and (ii) total federal, state, foreign or other income taxes for such period (all as determined in accordance with IAS) minus (c) an amount, which in the determination of IAS Net Income for such period, has been included as IAS Interest Income.