Underlying: Difference between revisions
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1. | 1. ''Non-GAAP performance measures.'' | ||
A measure which claims to improve comparability between different periods or organisations, after removing distorting effects from one-off items, or other distorting items such as exchange rate changes. | |||
Underlying revenue and profitability are common examples. | |||
Underlying measures should however be treated with caution, as management may - consciously or unconsciously - be influenced to present figures in ways that reflect well on its own performance. | |||
2. ''Inflation measures.'' | |||
Inflation is sometimes quoted as 'underlying inflation' in addition to the usual 'headline' basis of inflation. | |||
'Underlying' or 'core' inflation excludes certain items considered non-typical. | |||
This is designed to help to identify and understand trends and other comparisons. | |||
3. ''Options.'' | |||
Underlying asset. | Underlying asset. | ||
4. ''Options.'' | |||
Underlying price. | Underlying price. | ||
5. ''Risk management.'' | |||
A risk exposure being hedged, often by the use of a derivative instrument. | A risk exposure being hedged, often by the use of a derivative instrument. | ||
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== See also == | == See also == | ||
* [[Below the line]] | |||
* [[Continuing operations]] | |||
* [[Derivative instrument]] | * [[Derivative instrument]] | ||
* [[Exceptional item]] | |||
* [[Headline]] | |||
* [[Inflation]] | |||
* [[Like for like]] | |||
* [[Non-GAAP measures]] | |||
* [[Option]] | |||
* [[Profit]] | |||
* [[Profitability]] | |||
* [[Risk management]] | |||
* [[Revenue]] | |||
* [[Statement of profit or loss]] | |||
* [[Underlying asset]] | * [[Underlying asset]] | ||
* [[Underlying currency]] | |||
* [[Underlying price]] | * [[Underlying price]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:Corporate_finance]] | |||
[[Category:The_business_context]] | |||
Latest revision as of 22:56, 1 November 2024
1. Non-GAAP performance measures.
A measure which claims to improve comparability between different periods or organisations, after removing distorting effects from one-off items, or other distorting items such as exchange rate changes.
Underlying revenue and profitability are common examples.
Underlying measures should however be treated with caution, as management may - consciously or unconsciously - be influenced to present figures in ways that reflect well on its own performance.
2. Inflation measures.
Inflation is sometimes quoted as 'underlying inflation' in addition to the usual 'headline' basis of inflation.
'Underlying' or 'core' inflation excludes certain items considered non-typical.
This is designed to help to identify and understand trends and other comparisons.
3. Options.
Underlying asset.
4. Options.
Underlying price.
5. Risk management.
A risk exposure being hedged, often by the use of a derivative instrument.
