Invertext Online Technical Dictionary

attributable profit


beneficio atribuido

Definition 1

In financial journalism or in glosses explaining the formal accounts, profit on ordinary activities, after tax, minority interests and preference dividends, attributable to ordinary equity shareholders.

Source: Invertext

Context: Banco Santander first half attributable profit rose to EUR 4.73 billion, up 22% from 2007, excluding capital gains.


Definition 2

As a standalone item on a profit and loss statement, see note below.


Accounting rules in English-speaking countries do not normally accept the profit (income in the US) attributable to a certain number or proportion of the shareholders of a consolidated group as constituting a self-explanatory category of profit. Spanish accounting does, if not overtly, at least tacitly. Consequently, the standalone expression "attributable profit" or "attributable net profit" is in the majority of cases a word-for-word translation of the Spanish equivalent, of questionable meaning in English. Where the reporting company formally reports in Spanish and the English-language version is presented as a mere courtesy to non-Spanish speaking shareholders, no serious problem arises. However, in the case of ADRs trading on US exchanges, or where the company is actively seeking funds from English-speaking investors, to avoid unnecessary complications it is advisable to anglicise the expression, stating not simply that a proportion of profit is attributable but to whom that proportion is attributable.


attributable earnings 1 , attributable result 1

Appears in the following subjects