Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/financial/money/neste-oil-to-revise-the-way-it-calculates-its-comp.shtmlNeste Oil to revise the way it calculates its comparable operating profit
Neste Oil has revised the method used to calculate its comparable operating profit and switched to using non-recurring items. The change will mean
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Neste Oil has revised the method used to calculate its comparable operating profit and switched to using non-recurring items. The change will mean that comparable operating profit will reflect the underlying operating result of the company and its segments more accurately and will make comparing Neste Oil's profitability over different periods of time as transparent as possible.
Non-recurring items are linked to unpredictable events of a significant nature that do not form part of normal day-to-day business. They include among others impairment losses and reversals, gains and losses associated with the combination or termination of businesses, restructuring costs, and gains and losses on the sales of assets.
