Adjustments of underlying profits Adjustments of underlying profits

United Kingdom

1. 138Profits adjusted to be before tax
2. 139Profits adjusted to be profits before consolidation adjustments to eliminate intragroup transactions
3. 140Profits adjusted to be profits before certain purchase accounting adjustments
4. 141General exclusion of dividends
5. 142Excluded equity gain or loss
6. 143Included revaluation method gain or loss
7. 144Adjustments for asymmetric foreign currency income and losses
8. 145Exclusion of expenses for illegal payments, fines and penalties
9. 146Adjustment for changes in accounting policies and prior period errors
10. 147Accrued pension expense
11. 147ATreatment of tax credits
12. 148Meaning of qualifying refundable tax credits
13. 148ATransferable tax credits
14. 148BValue of marketable transferable tax credits: originator
15. 148CValue of marketable transferable tax credits: purchaser
16. 149Arm’s length requirement for certain transactions
17. 150Transactions between members of a multinational group: differences with accounting for tax
18. 150AInstruments held intragroup: issuer’s accounting treatment to prevail
19. 151Adjustments for companies in distress
20. 152Adjustments where life assurance business carried on
21. 153Exclusion of certain insurance reserve movement expense
22. 154Exclusion of qualifying intra-group financing arrangement expenses
23. 155Qualifying tier one capital
24. 156Exclusion of international shipping profits
25. 157Core international shipping profits
26. 158Ancillary international shipping profits