Definition of Net Profit After Tax

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.

Comments are based on the opinion of BizAdvance Consulting and may be subject to different interpretations and opinions by other parties. The comments and references are intended as a guide to readers but it is important that they are read in conjunction with the Codes and other related legislation. Please refer to our Disclaimer Policy.