Glossary entry (derived from question below)
English term or phrase:
what does *net of* mean here
English answer:
less
Added to glossary by
Peter Linton (X)
Sep 20, 2003 08:56
21 yrs ago
7 viewers *
English term
Rajesh
what does *net of* mean here
Non-PRO
English
Bus/Financial
Profit and Loss Account includes Research and Development expenditure (Net of Grant received).
I thank all professionals in advance.
I thank all professionals in advance.
Responses
| 3 +4 | less |
Peter Linton (X)
|
| 4 +1 | "having deducted" |
David Moore (X)
|
| 5 -1 | After taxes, deductions, expenses, etc. |
Terry Burgess
|
Responses
+4
37 mins
Selected
less
Expenditure on R&D, less (after subtracting) the grant received - so the net figure goes into the P&L.
I agree with David Moore that in this context, "net" has nothing to do with taxes, deductions, expenses etc, although in other contexts that would be right.
Pedantic point: net is sometimes (incorrectly) written "nett".
I agree with David Moore that in this context, "net" has nothing to do with taxes, deductions, expenses etc, although in other contexts that would be right.
Pedantic point: net is sometimes (incorrectly) written "nett".
4 KudoZ points awarded for this answer.
Comment: "Thank you very much. It was a brain teaser for me."
-1
4 mins
Terry Burgess
Mexico
Mexico
Native in English
&
English
Mexico
I place Quality and Accuracy above speed
Native in: English 
Works in: Spanish to English, English
Related KudoZ points
:
119
After taxes, deductions, expenses, etc.
This is my take on it. I believe it means the final amount of the grant--after taxes and any other applicable reductions.
Good luck to you!
terry
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Note added at 2003-09-20 09:03:01 (GMT)
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Sorry!...
I meant to say \"deductions\"---and NOT reductions.
t
Good luck to you!
terry
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Note added at 2003-09-20 09:03:01 (GMT)
--------------------------------------------------
Sorry!...
I meant to say \"deductions\"---and NOT reductions.
t
Reference:
Peer comment(s):
| disagree |
Peter Linton (X)
: My take is that it means specifically Net of Grant received, not net of (after) taxes, deductions, expenses, etc. If it said just "net R&D expenditure" you would be right.
36 mins
|
+1
22 mins
"having deducted"
....is what it SHOULD mean, but I'm not too sure that they have their terminology right, though; it looks as if they meant "included".
Any grant would appear on their books as a receipt, and the R&D figures on the other side of their books as an expense. But the answer referring to taxes cannot possibly make sense.
Any grant would appear on their books as a receipt, and the R&D figures on the other side of their books as an expense. But the answer referring to taxes cannot possibly make sense.
Peer comment(s):
| agree |
DGK T-I
: agree 'after having deducted the grant received'-I guess R&D expenditure net of grant received(the income or part of it) could make sense in a profit & loss account(the difference might be a meaningful surplus or deficit)
1 hr
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