OPERATING EXPENSES Definition

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OPERATING EXPENSES is all selling and general & administrative expenses. Includes depreciation, but not interest expense.

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RAND is a currency of South Africa.

NET OF TAXES means the effect of applicable taxes (usually income taxes) has been considered in determining the overall effect of an item on the financial statements. The phrase is used when a company has items that must be disclosed in a separate section. Each such item should be reported net of the applicable taxes.

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