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:
“Oh! shipmates! on the starboard hand of every woe, there is a sure delight; and the higher the top of that delight, than the bottom of the woe is deep.”
—Herman Melville (1819–1891)
“There’s a line between love and fascination that’s hard to see on an evening such as this.”
—Ned Washington (1901–1976)