There is a lot of debate about this in the accounting world. My...

There is a lot of debate about this in the accounting world. My conclusion is that it's the choice of the analyst where to place them. As you can see I have screenshot the revenue statement above and it is not my recast revenue statement. If you look at my statement you will see IPO costs as extraordinaries.

Underlying earnings is often a technique companies use to show a profit when in fact they have made a loss or less of a profit depending on the situtation.

Underlying earnings will emerge in the 1Q for some companies or first half-year for other companies of the year following the discontinued item record year.

What I usually do is list them separately below the analysis for comparison purposes. In this case I was pressed for time.

The debate in the accounting profession centres around whether discontinued operations are from one point of view part of a companies continuing operations. For example, if a company discontinues loss making businesses every year then what is the correct treatment?

I have never copied stat accounts as far as I can remember unless they present a true and fair view (almost never the case).