Alternative term for gross operating income representing the difference between the sales and operational expenses of a company before taking amortization/depreciation, financial income, expenses and tax into consideration.
Difference between the price paid for an asset and its fair value. This difference can be explained in particular by potential gains linked to synergies or by a brand’s value. Goodwill is not amortized but is subject to impairment tests at least once a year.
Recognition of a probable or unexpected loss in value of an asset which may arise, among other things, from a change in the economic, technological or legal environment. An impairment reduces the income for the financial year in which it is recorded.
Recognition of a probable or unexpected increase in the value of an asset which may arise in particular due to a change in the economic, technological or legal environment. A revaluation increases the income for the financial year in which it is recognized.
Assets recorded on the company’s balance sheet with a long service life. Tangible assets are physical assets (land, plants, machines, etc.), whereasintangible assets have no physical substance (permits, brands, patents, etc.).