The Member States may permit taxes on the profit or loss on ordinary activities and taxes on the extraordinary profit or loss to be shown in total as one item in the profit and loss account before ‘Other taxes not shown under the above items’. In that case, ‘Profit or loss on ordinary activities after taxation’ shall be omitted from the layouts prescribed in Articles 23 to 26.
Where this derogation is applied, companies must disclose in the notes on the accounts the extent to which the taxes on the profit or loss affect the profit or loss on ordinary activities and the ‘Extraordinary profit or loss’.