Phoenix Associates Land Syndicate (fka PBLSQ)

[Renavatio]

Other Income Questions:

You guys keep in mind that when our PBLS completes an acquisition or merger, there are sometimes heavy one-time charges or gains that can occur. These are irregular and need to be set aside so that evaluating the pro-formas can be done as objectively as possible. These types of expenses do not compose part of the ongoing cost structure of the business, and therefore can unfairly weigh on short-term profit numbers. So it's good to set them apart, and tell FA folks like me that "this isn't from our normal course of business so it might not be there next time we release numbers..." Again, this is just Ren's MOSO.

http://www.investorwords.com/3522/other_income.html
Definition

Term on an earnings report used to represent income from activities other than normal business operations, such as investment interest, foreign exchange gains, rent income, and profit from the sale of non-inventory assets.

http://www.answers.com/topic/other-income
Other Income
Heading on a profit and loss statement for income from activities not in the normal course of business: sometimes called other revenue. Examples: interest on customers' notes, dividends and interest from investments, profit from the disposal of assets other than inventory, gain on foreign exchange, miscellaneous rent income. See also Extraordinary Item.

Extraordinary Item
Gains or losses included in a company's financial statements, which are infrequent and unusual in nature. These are usually explained further in the "notes to the financial statements."