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Methodology

Profit and Loss Account (Analytical) for Non-Financial Entities

  • The production It includes the net amount of the turnover, the change in inventories of finished products and products in progress, the amount of work carried out by the company on its assets, other operating income and other operating results.
  • The intermediate consumption (CI) include supplies and other operating expenses.
  • He added value (VA) is the income generated by the company in the development of its current activities (the production of goods and services), being the basis for the distribution of income, since its balance is distributed between employees (personnel expenses) and the company itself (gross operating profit or gross surplus). Added value is called factor cost because it is obtained by the difference between production at producer prices and intermediate consumption valued at purchase price (including indirect taxes paid by the company). By definition the balance of this item must be positive.
  • The departure of personnel expenses (GP) includes salaries and wages, contributions to social security agencies, contributions by society to pension plans, payments to other social security institutions, compensation and other personnel expenses, such as subsidies for grocery stores and cafeterias, and the maintenance of schools and vocational training institutions.
  • He gross operating profit (RBE) reflects the differential balance between gross added value and personnel costs and constitutes the first indicator of gross profitability after remunerating the labor factor. It is also the key balance for calculating the gross operating margin ratio.
  • He operating result (RE) reflects the balance of the surplus after deducting provisions for amortization, impairment and results from the disposal of fixed assets.
  • The departure of financial result (IF) includes financial income net of financial expenses and other financial results formed by the change in fair value of financial instruments, exchange differences and impairment and results from disposals of financial instruments
  • He earnings before taxes (RAI) is formed by aggregating the operating result and the financial result and constitutes a measure of the business profit before the deduction of corporate tax. Just as operating income depends solely on the assets' ability to generate income, without considering the impact that the financial structure may have on the firm's results, profit before taxes depends on the composition and functioning of the assets and the structure of the liabilities, and, in particular, on the financial situation of the entity, as well as the results obtained outside of commercial transactions.
  • He result after taxes (RDI) is defined as the net accounting result, after deducting the amount of corporate tax paid by the entity and accrued in the accounting records and adding the result of the entity's discontinued operations. This item is similar to the "Profit and loss account result" item that appears in the declaration. Depending on the sign of the RCON, the data for companies with RCON>0 are presented in the tables.