Definition: Current operating income
Current operating income is a term based on company accounting concepts. It is the sum of all current income relating to operating activities. Using the standard presentation of a profit and loss account laid down in Article 23 of the Fourth Council Directive on the annual accounts of certain types of companies, this is made up of:
- Net turnover;
- Variation in stock of finished goods and work in progress;
- Work performed by the undertaking for its own purposes and capitalised;
- Other operating income.
European Union, Fourth Council Directive 78/660/EEC of 25 July 1978 based on Article 54 (3) (g) of the Treaty on the annual accounts of certain types of companies (Official Journal of the European Communities No L 222, 14/08/1978, p. 11)