noun
Definition 1
In financial journalism or in glosses explaining the formal accounts, the result obtained on ordinary activities, after tax, minority interests and preference dividends, and attributable to ordinary equity shareholders.
Source: After accounting for minority interests, Group attributable result for the year was a profit of $88.6 million before provisions and a loss $366.5 million after provisions, compared with a profit of $122.1 million in the previous year.
Context: www.keppelland.com.sg
Definition 2
As a standalone item on a profit and loss statement, see note below.
Note
Accounting rules in English-speaking countries do not normally accept the result attributable to a certain number or proportion of the shareholders of a consolidated group as constituting a self-explanatory category of result. Spanish accounting does, if not overtly, at least tacitly. Consequently, the standalone expression "attributable result" or "attributable net result" 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 the result is attributable but also to whom that proportion is attributable.
Appears in the following subjects