Litigation Charge, Supplemental (SF.IS.LitigationChargeSuppl)
Litigation Charge, Supplemental (SF.IS.LitigationChargeSuppl) refers to unusual/non-recurring litigation expenses, and may include fees for lawyers, or settlement charges. However, this item excludes standard business-related lawyers’ and court fees.
If non-recurring litigation costs are reported on the face of the income statement, or in notes to values reported on the face, then they are collected as
- Litigation (SF.IS.LitigationExp) (for Industrial, Utility and Insurance companies), or
- Litigation Expense (SF.IS.LitigationExp_Banks) (for banks). The remaining portion of non-recurring litigation costs, which cannot be related to the face and notes, is collected as Litigation Charge, Supplemental (SF.IS.LitigationChargeSuppl).
Litigation Charge, Supplemental (SF.IS.LitigationChargeSuppl) includes:
- The remaining portion of non-recurring litigation costs and provisions for litigation, which has not been shown on the face of the income statement
Litigation Charge, Supplemental (SF.IS.LitigationChargeSuppl) does not include:
- Non-recurring litigation costs disclosed on the face of the income statement, or in notes to the values reported on the face (classified as Litigation (SF.IS.LitigationExp)
- Court and legal fees payable in the normal course of business (classified as Selling/General/Administrative Expense (SF.IS.SGAExp) for Industrial, Utility and Insurance companies; or as Other Expense (SF.IS.OtherExp) for banks)
- Total auditor’s fees, accounting fees, legal fees, consulting fees, and other fees for external professional services (classified as Audit Fees (SF.Notes.IS.AuditFees), Audit-Related Fees (SF.Notes.IS.AuditRelatedFees), Tax Fees (SF.Notes.IS.TaxFees) and All Other Fees (SF.Notes.IS.AllOtherFees))
- Extraordinary income or losses resulting from court proceedings, reported after taxes (classified as Extraordinary Item (SF.IS.ExtraordinaryItems))