Floating rate and Like for like: Difference between pages
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(LFL). | |||
'Like for like' is a basis of comparison - usually of revenues - which seeks to exclude the effects of growth by acquisition or of any disposals. | |||
The like for like comparison only takes account of activities which were in existence during both of the periods being compared. | |||
Like for like comparisons should be treated with care, as the selection and presentation of relevant ongoing activities for comparison may involve a degree subjectivity on the part of the management whose performance is being reported on. | |||
Management may - consciously or unconsciously - be influenced to present figures in a way that reflect well on its own performance. | |||
== See also == | == See also == | ||
* [[ | * [[Profit]] | ||
* [[ | * [[Revenue]] | ||
* [[ | * [[Sales]] | ||
* [[ | * [[Turnover]] | ||
* [[ | * [[Underlying]] | ||
Revision as of 05:42, 22 August 2017
(LFL).
'Like for like' is a basis of comparison - usually of revenues - which seeks to exclude the effects of growth by acquisition or of any disposals.
The like for like comparison only takes account of activities which were in existence during both of the periods being compared.
Like for like comparisons should be treated with care, as the selection and presentation of relevant ongoing activities for comparison may involve a degree subjectivity on the part of the management whose performance is being reported on.
Management may - consciously or unconsciously - be influenced to present figures in a way that reflect well on its own performance.
