Lisière SA publishes outside its financial statements an "operating profit before restructuring and brand impairment", which it regards as a management-defined performance measure (management's choice, case data). Its operating profit, the most directly comparable specified subtotal, is 780,000. The reconciling items are restructuring costs of 120,000 and a brand impairment of 45,000, both included in operating profit. Calculate the measure.
- Operating profit (comparable specified subtotal)
- 780,000
- Restructuring costs (reconciling item)
- 120,000
- Brand impairment (reconciling item)
- 45,000