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Englishsz Posted 19 years ago
Grammar

Work performed by the undertaking for its own purpose and capitalised

11.1 The Profit and Loss Account
1. NET TURNOVER
2. Variation in stocks of finished goods and in work in progress
3. Work performed by the undertaking for its own purpose and capitalised
4. Other operating income
5. Raw materials and services
a) Raw materials and consumables
aa) Purchases during the financial year
ab) Variation in inventories
b) External services
6. Staff expenses
a) Wages and salaries
b) Social security expenses
ba) Pension expenses
bb) Other social security expenses
7. Depreciation and reduction in value
a) Depreciation according to plan
b) Reduction in value of goods under non-current assets
c) Exceptional reduction in value of current assets
8. Other operating charges
9. OPERATING PROFIT (LOSS)

Question:

Does the red text refer to the properties of a company that is used for manufacturing purpose?
  

Top answer

I think it is labor associated in some way with the property rather than property itself. And even companies that don't manufacture anything still capitalize such things, so it's not necessary related directly to manufacturing. That's what I think, anyway.

— CalifJim

  • I think it is labor associated in some way with the property rather than property itself.
  • And even companies that don't manufacture anything still capitalize such things, so it's not necessary related directly to manufacturing.
  • That's what I think, anyway.
  • CJ
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8 Answers
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I think it is labor associated in some way with the property rather than property itself. And even companies that don't manufacture anything still capitalize such things, so it's not necessary related directly to manufacturing.

That's what I think, anyway.

CJ
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Many thanks! CJ.

Could you help me out by citing several examples of such work?
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No, I don't know enough about it to cite examples. I was just guessing on the basis of limited knowledge. I recommend using Google to research it. Sorry I wasn't able to help more.

Google
capitalized labor

You'll get sites with such things as the following:

CAPITALIZED LABOR means all direct costs of labor that can be identified or associated with and
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Well, what puzzles me is this: Judging from its sequence, namely, the 3rd place, the item 'work performed by the undertaking for its own purpose and capitalised' should be classified as 'incomes', whereas item 5 and thereafter shall be regarded as 'expenses'. How could labour become income?
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Yes, I agree that it's puzzling. I think it has something to do with the fact that's it's capitalized, but that's the limit of my knowledge about it. Did your Google research not reveal anything about that?

Let me know if you find the answer. I'd like to know myself!
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Oh, my almighty Lord ***! I beg you to drop an accountant to this forum.

Amen!
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http://www.btplc.com/report/report05/GlossaryoftermsandUSequivalents/

Above is the result I googled.

The glossary says 'own work capitalised' refers to 'Costs of group's employees eng
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I beg you to drop an accountant to this forum.
You'd probably do better on a business forum! Emotion: smile

Th
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