profit and loss account


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profit and loss account

an account that shows the revenue and expenditure of a business during a given period, resulting in a net profit or loss, and provides a link between successive balance sheets.
References in periodicals archive ?
These changes result in a credit to the Profit and Loss Account for the year-ended December 31, 2004 of approximately GBP 150 million.
The Group will recognize the net liability for defined benefit post retirement schemes on the Balance Sheet and will take actuarial gains and losses on a systematic basis to the Profit and Loss Account, in accordance with the permitted methods of recognition under the standard.
These changes reduce opening shareholders' equity as at January 1, 2004 by approximately GBP 30 million but have no material effect on the Profit and Loss Account for the year-ended December 31, 2004.
1,207,564 Profit and loss account brought forward (1,599,236) (1,999,321) (987,859) Profit/(loss) for the period 142,918 (323,084) (611,377) Exchange adjustment reserve 330,657 308,158
The Group Balance Sheet, Profit and Loss Account and Cash Flow Statement consist of the combination of the consolidated accounts of Eurotunnel P.