Bottom Line
"Bottom line" is the net income that is calculated after subtracting the expenses from revenue. Since this forms the last line of the income statement, it is informally called "bottom line." It is important to investors as it represents the profit for the year attributable to the shareholders.
After revision to IAS 1 in 2003, the Standard is now using profit or loss for the year rather than net profit or loss or net income as the descriptive term for the bottom line of the income statement.
Read more about this topic: Income Statement
Famous quotes containing the words bottom and/or line:
“My mind is troubled, like a fountain stirred,
And I myself see not the bottom of it.”
—William Shakespeare (1564–1616)
“If you’re anxious for to shine in the high esthetic line as a man
of culture rare,
You must get up all the germs of the transcendental terms, and plant
them everywhere.
You must lie upon the daisies and discourse in novel phrases of your
complicated state of mind,
The meaning doesn’t matter if it’s only idle chatter of a
transcendental kind.”
—Sir William Schwenck Gilbert (1836–1911)