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:
“If you think about it seriously, all the questions about the soul and the immortality of the soul and paradise and hell are at bottom only a way of seeing this very simple fact: that every action of ours is passed on to others according to its value, of good or evil, it passes from father to son, from one generation to the next, in a perpetual movement.”
—Antonio Gramsci (1891–1937)
“Every age has its temptations, its weaknesses, its dangers. Ours is in the line of the snobbish and the sordid.”
—Rutherford Birchard Hayes (1822–1893)