Welcome to the Financial Times Lexicon

Browse thousands of words and phrases selected by Financial Times editors and suggest new terms for the glossary.

 

Term of the day

statutory profit or loss

A statutory loss (or profit) is simply the bottom line of a company's profit and loss account. It includes everything that must be added and deducted from revenue to comply with legal and accounting requirements.

Companies often contrast it with "underlying profit" (or loss) which would normally exclude "exceptional" items, leaving, as some might put it, profit without the bad stuff.

 

statutory loss in the news

In February 2013, it was revealed London Capital Group could be a takeover target. LCG,...