Definition in terms of the B-BBEE Codes of Good Practice of 11th October 2013 (BEE Codes 2013)
Net Profit After Tax
Means the operating profit of a measured entity after tax.
It incorporates both the equity / loss figures and abnormal items, but excludes extraordinary items as determined by (GAAP) Generally Accepted Accounting Practices;
BizAdvance Consulting comments and references:
Relates to the Enterprise and Supplier Development element Statement 400, page 60, and the Socio-Economic Development element Statement 500, page 82. Contributions are recognized as a percentage of annual Net Profit after Tax.
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