Unusual or Non-Recurring Items Policy

This policy outlines procedures for identifying unusual or non-recurring items.

According to this sample, the purpose of identifying unusual or non-recurring items is to isolate and highlight these events such that: operating income may be properly viewed relative to historical trends and future, sustainable, short-term earnings potential without distortion; and so they can be properly disclosed and discussed in external financial reports, press releases and reports to shareholders. It lists examples of unusual or non-recurring items as: change in accounting method, fixed asset or investment write-off, inventory adjustment, foreign currency translation gain or loss, etc.