Revenue

Revenue (IS010)

Mnemonic: SALES_REV_TURN

INDUSTRIALS

Sales/Revenue/Turnover:
Total of operating revenues less various adjustments to Gross Sales.
Adjustments:  Returns, discounts, allowances, excise taxes, insurance charges, sales taxes, and value added taxes (VAT).
Includes revenues from financial subsidiaries in industrial companies if the consolidation includes those subsidiaries throughout the report.
Excludes inter-company revenue.
Excludes revenues from discontinued operations.
Includes subsidies from federal or local government in certain industries (i.e. transportation or utilities).

Canada:
May include royalty income and exclude royalty payments.

France:
Reporting formats are diverse:
Cost summary method (en liste)
Debit/credit format (en compte)
The debit/credit format lists all of the company's expenses and losses on the debit side and all its income and gains on the credit side, with no clear separation between operating and non-operating activities.
Consolidation may be line-by-line, proportional, or by the equity method.
When the equity method is used, equity earnings from associates are included under Non-Operating Gains and Losses.

Germany:
Net of taxes when available.  Some companies include value-added tax (VAT) and other taxes.

Indonesia:
May include turnover from associated companies.

Ireland:
Excludes turnover from joint ventures and/or associates.
Pre-FRS 3: Includes turnover from continuing and discontinued operations and turnover from acquisitions.
Post-FRS 3: Includes turnover from continuing operations and acquisitions.
Excludes turnover from discontinued operations.
Net profits from discontinued operations appear in Extraordinary Losses (Gains).

Japan:
Please see IS297 for Total Operating Revenue (Japan) reported in the summary of company earnings report (Kessan Tanshin).

Luxembourg:
Reporting formats are diverse:
Cost summary method (en liste)
Debit/credit format (en compte)
The debit/credit format lists all of the company's expenses and losses on the debit side and all its income and gains on the credit side, with no clear separation between operating and non-operating activities.
Consolidation may be line-by-line, proportional or by the equity method.
When the equity method is used, equity earnings from associates are included under Non-Operating Gains and Losses.

South Africa:
Excludes turnover from discontinued operations, if disclosed.
Net profits from discontinued operations are placed in 'Extraordinary losses (gains) pre-tax.
Turnover and Operating Profit from Discontinued Operations are displayed separately as a reference item.

United Kingdom:
Excludes turnover from joint ventures and/or associates.
Pre-FRS 3: Includes turnover from continuing and discontinued operations and turnover from acquisitions.
Post-FRS 3: Includes turnover from continuing operations and acquisitions.
Excludes turnover from discontinued operations.
Net profits from discontinued operations appear in Extraordinary Losses (Gains).
Turnover and operating profit from discontinued operations are displayed separately as reference items.

U.S.:
May include royalty income.

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