Non-operating incomes and their composition

In the study of economic activities, in addition to analyzing the state of financial results, the results of performance and income from work, the production of marketable products, the study of the state of fixed assets and other assets, it is of great importance to analyze the profit and loss values that were received by the enterprise from non-operating transactions. The composition of these costs includes those that are included in the cost of all of the above, and more specifically:

- non-operating income received from equity or share participation in other companies and corporations, including in the form of dividends on securities owned by the enterprise. These incomes, as a rule, are formed in cases of making a profit in the form of a part of it from the profits of other enterprises. The dividend is a part of the profit that is calculated on one simple or preferred share. Bond is a security, the fact of existence of which confirms the obligation to recover the nominal value of the asset to its owner.

- income that an enterprise or organization can receive from the leasing of property, but only if this type of activity is not the main activity for a given economic entity. Thus, non-operating income includes rent, since its value can be included in the value of the objects handed over when assessing them.

- fines and other sanctions that were taken and recognized by the debtor enterprise, which were paid for violation of the conditions of management. A penalty determined by law is the sum payable by the debtor in case of violation of contracts or their improper execution.

- profit, which was established in the reporting year, but received in the past years. Here, the amounts that entered the accounts of the enterprise for the goods produced and sold earlier are reflected. In this case, non-operating income must be corrected in the account taking into account the income received.

- Differences that were formed when foreign companies conducted transactions with enterprises or organizations. The resulting exchange rate differences in the recalculations due to changes in the exchange rate, in this case will be charged to the balance of future periods.

- profit or loss that arose in the enterprise or organization when buying / selling currency.

- receipts of debts, which, in the manner prescribed by law, were written off by the organization as uncollectible;

- property surpluses that were established during the conducted inventories and which are paid in cash to the accounts of the enterprise or organization;

- expired due to the limitation of accounts payable, as well as depositor debts.

- other non-operating income and expenses, which are not directly related to production activities. These include the amounts received by the bank for the use of the invested funds of the enterprise or organization, as well as other values that are listed as one owner.

- expenses incurred in connection with the leasing of property: depreciation, expenses for their restoration and repair.

- costs from downtime for external reasons.

- losses from revaluation of an enterprise or organization located in warehouses, a production stock and produced marketable products.

- losses incurred from operations with containers.

- legal costs.

- the amount of debts and obligations recognized as doubtful and subject to reservation in accordance with the established procedure.

- losses from writing off debts that are recognized in the established order as unreal.

- operating income and expenses for past years. It is important here that the origin of all these revenues and expenditures be documented.

- uncompensated losses arising from the impact of natural disasters or costs associated with the elimination of their consequences.

- costs for orders that have been canceled or canceled, and in addition, costs for non-productive production.

- losses from damage to property, its natural loss, exceeding the established norms.

- taxes that are paid in accordance with applicable law.

The exhaustive composition of non-operating income is given in art. 250 of the Tax Code.