Look up bottom line in Wiktionary, the free dictionary.

Bottom line may refer to:

• The Bottom Line, a biweekly alternative student newspaper sponsored by the Associated Students of the University of California Santa Barbara
• ESPN Bottom Line, the trademark for a lower-third sports information ticker graphic used on the ESPN family of networks.
• the bottom line, or net income, the income that a firm has after subtracting costs and expenses from the total revenue
• Bottom Line, a music venue in New York City's Greenwich Village
• WWE Bottom Line, a World Wrestling Entertainment syndicated television show
• The catchphrase of wrestler Stone Cold Steve Austin and John Vespa
• Bottom Line Publications, a branch of Boardroom, Inc., publishers of certain newsletters
• The Bottom Line (radio programme), a business discussion program on BBC Radio 4
• Double bottom line, a business term used in socially responsible enterprise and investment
• Triple bottom line, a business term used in measuring organizational (and societal) success: economic, environmental and social
• The Bottomline with Boy Abunda, a talkshow program in the Philippines on ABS-CBN
• In horse breeding, the "tail-female" line of descent (traced only through females), reflecting that line's position at the bottom of tabulated pedigrees

Songs[link]

• "The Bottom Line", a song by Big Audio Dynamite from their 1985 debut This Is Big Audio Dynamite
• "Bottom Line", a song by Raven from their 1985 album Stay Hard
• "Bottom Line", a song by The 77s] from their 1987 album The 77s
• "Bottom Line", a song by Ratt from their 1988 album Reach for the Sky
• "Bottom Line", a song by Diana Ross from their 1989 album Workin' Overtime
• "The Bottom Line", a song by Depeche Mode from their 1997 album Ultra
• "Bottom Line", a song by Swollen Members] from their 2003 album Heavy
• "The Bottom Line", a song by Alanis Morissette which was a demo for 1995's Jagged Little Pill
• "Bottom Line", a song by Martin Solveig from his 2008 album C'est La Vie

This disambiguation page lists articles associated with the same title. If an internal link led you here, you may wish to change the link to point directly to the intended article.

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The Bottom, with the campus of the School of Medicine at the bottom right

The Bottom is the capital and largest town of the island of Saba, the Caribbean Netherlands, and is the first stop on the way from Saba's Port in Fort Bay towards the rest of the island. It has approximately 500 inhabitants of the total 1,424 islanders.

The Bottom is home to the government offices, a hospital, a nursing home, a sports field, three churches, a library, various shops and the Saba University School of Medicine. The Bottom is also home to the Saba Carnival which is held once a year during the summer, as well as Saba Day in December.

Events[link]

As capital of the island, The Bottom hosts a number of events throughout the year. During the summer the 'Saba Carnival' is held here. It's a parade full of colour accompanied with the music of steel drums and local artists. It is a highly anticipated event on the Saban calendar as most of the island meets together to dance, sing and enjoy the festival. The Saba Carnival usually lasts for a few days in which the island rotates around this town.

Another event held in the Bottom is 'Saba Day'. This is the national day of the island in which all offices, schools and stores are closed. The island celebrates its diversity and culture through various activities and parades. The Bottom holds host to a concert at the sports field where local and other Caribbean artists come to perform. There are fishing competitions at sea, drawing competitions for children etc.

The original name of the town was De Botte, old Dutch for "The Bowl", referring to its geographical position in a valley surrounded by the various hills. "The Bottom" is an English corruption of this name.

Coordinates: 17°37′34″N 63°14′57″W / 17.62611°N 63.24917°W / 17.62611; -63.24917

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Net income in accounting is an entity's income minus expenses for an accounting period.^[1] It is computed as the residual of all revenues and gains over all expenses and losses for the period,^[2] and has also been defined as the net increase in stockholder's equity that results from a company's operations.^[3] In the context of the presentation of financial statements, the IFRS Foundation defines net income as synonymous with profit and loss.^[1]

Net income is a distinct accounting concept from profit. Profit is a term that "means different things to different people"^[3], and different line items in a financial statement may carry the term "profit", such as gross profit and profit before tax.^[1] In contrast, net income is a precisely defined term in accounting.^[3]

Overview[link]

Net income can be distributed among holders of common stock as a dividend or held by the firm as an addition to retained earnings. As profit and earnings are used synonymously for income (also depending on UK and US usage), net earnings and net profit are commonly found as synonyms for net income. Often, the term income is substituted for net income, yet this is not preferred due to the possible ambiguity. Net income is informally called the bottom line because it is typically found on the last line of a company's income statement (a related term is top line, meaning revenue, which forms the first line of the account statement).

The items deducted will typically include tax expense, financing expense (interest expense), and minority interest. Likewise, preferred stock dividends will be subtracted too, though they are not an expense. For a merchandising company, subtracted costs may be the cost of goods sold, sales discounts, and sales returns and allowances. For a product company advertising, manufacturing, and design and development costs are included.

An equation for net income[link]

Net sales (revenue)

– Cost of goods sold

= Gross profit

– SG&A expenses (combined costs of operating the company)

= EBITDA

– Depreciation & amortization

= EBIT

– Interest expense (cost of borrowing money)

= EBT

– Tax expense

= Net income (EAT)

References[link]

1. ^ ^{a b c} IFRS Foundation. (2012) IAS 1 Presentation of Financial Statements. Retrieved on April 14, 2012 from http://eifrs.ifrs.org/eifrs/bnstandards/en/2012/ias1.pdf
2. ^ Stickney, et al. (2009) Financial Accounting: An Introduction to Concepts, Methods, and Uses. Cengage Learning.
3. ^ ^{a b c} Needles, et al. (2010) Financial Accounting. Cengage Learning.

See also[link]

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Hugh Hendry is a Scottish fund manager at Eclectica Asset Management. He has become prominent in the United Kingdom for his commentary on the financial crisis.

Born in 1969 in Glasgow, Scotland, Hendry graduated from Strathclyde University in 1990 with a BA in economics and finance. It has been reported that he was the first non-Oxbridge graduate to get a job at the prestigious Edinburgh investment management firm, Baillie Gifford.^[1] However, this is not true - the firm started to recruit from other universities in the late 1980s. A number of Baillie Gifford's current partners who joined the firm prior to Hugh are graduates of Edinburgh, Dundee and Bristol.

Hendry has been referred to as "the most high-profile Scot in the controversial (Hedge Fund) sector."^[2]

Hendry has recently gained notoriety for railing against government bailouts and moral hazard in interviews and round-robin discussions. On an episode of the BBC’s Newsnight program aired on May 26, 2010, Hendry was featured along with Gillian Tett of Financial Times and Jeffrey Sachs of Columbia University. Hendry responded to a question from host Jeremy Paxman about the current European economic situation and the possibility of a Greek sovereign debt default with the comment, "I would recommend you panic".^[3]

In an episode of Question Time on October 28, 2010, Hendry proposed that Government agencies such as MI6 should torture people for intelligence information. The hedge fund manager said: "I like the notion that there are cowards out there and if they mess with us there could be very unpleasant consequences." He elaborated, "I don't want to wrap up our intelligence agents with codes with what they can and cannot do."^[4]

References[link]

External links[link]

• Hugh Hendry biography at Eclectica Asset Management
• May 26, 2010 Newsnight discussion on Youtube
• June 16, Hugh Hendry debates with Mike Novogratz at GAIM International 2010 in Monaco
• June 17, Ever wondered what Hugh Hendry's USP is? Spotlight Series interview at GAIM International 2010 in Monaco
• Views from Hugh Hendry’s 2012 Letter

Stone Cold Steve Austin
"Austin" at the San Diego Comic-Con International in 2010.
Born	Steven James Anderson (1964-12-18) December 18, 1964 (age 47) Victoria, Texas, U.S.
Other names	Steven James Williams
Occupation	Actor/Professional Wrestler
Years active	1989–2003 (wrestler) 1998–present (actor)
Spouse	Kathryn Burrhus (1990–1992) Jeannie Clark (1992–1999) Debra Marshall (2000–2003)
Website
Broken Skull Ranch

Steve Austin (born Steven James Anderson, later Steven James Williams; December 18, 1964),^[1] better known by his ring name "Stone Cold" Steve Austin, is an American film and television actor, producer, and retired professional wrestler. Austin wrestled for several well-known wrestling promotions such as World Championship Wrestling (WCW), Extreme Championship Wrestling (ECW) and most famously, the World Wrestling Federation (WWF). Described by WWE (formerly the WWF) chairman Vince McMahon as the most profitable wrestler in the company's history,^[2] he gained significant mainstream popularity in the WWF during the mid-to-late 1990s as "Stone Cold" Steve Austin, a disrespectful, beer-drinking antihero who routinely defied McMahon, his boss.^[3] This defiance was often shown by Austin flipping off McMahon and incapacitating him with the Stone Cold Stunner, his finishing move.^[4] McMahon inducted Austin into the WWE Hall of Fame in 2009.

Austin held twenty championships throughout his professional wrestling career, and is a six-time WWF Champion as well as the fifth Triple Crown Champion. He was also the winner of the 1996 King of the Ring tournament, as well as the 1997, 1998 and 2001 Royal Rumbles. He was forced to retire from in ring competition in early 2003 due to a series of knee and neck injuries sustained throughout his career. Throughout the rest of 2003 and 2004, he was featured as the Co-General Manager and "Sheriff" of Raw. Since 2005, he has continued to make occasional appearances. In 2011, Steve Austin returned to WWE to host the reality series Tough Enough.

Early life[link]

Austin was born Steven James Anderson in Victoria, Texas. After his father left the family, his mother, Beverly, re-married to Ken Williams, and Austin adopted his stepfather's surname, and spent most of his childhood in Edna, Texas^[1] After attending high school, Austin got a football scholarship at Wharton County Junior College, followed by a full scholarship at North Texas State University.

Professional wrestling career[link]

"Stone Cold" Steve Austin
Ring name(s)	"Stone Cold" Steve Austin[5] The Ringmaster "Stunning" Steve Austin "Superstar" Steve Austin
Billed height	6 ft 2 in (1.88 m)[6]
Billed weight	252 lb (114 kg)[6]
Born	(1964-12-18) December 18, 1964 (age 47)[1] Austin, Texas[7]
Resides	Los Angeles, California
Billed from	Victoria, Texas[6]
Trained by	Chris Adams[8][9]
Debut	May 11, 1989[8]
Retired	March 30, 2003[8]

World Championship Wrestling (1991–1995)[link]

After some time, Austin decided to become a professional wrestler and enrolled at the wrestling school run by Chris Adams, whose school was run out of the Dallas Sportatorium where he was wrestling for World Class Championship Wrestling. Austin made his debut in World Class in 1989 under his real name, but was later given the name "Steve Austin" by Memphis-area booker Dutch Mantel. Austin's run in Memphis was part of the merger between World Class and the Continental Wrestling Association out of Memphis, with the combined company known as the United States Wrestling Association. Austin would eventually return to Dallas and feud with Adams, with Percy Pringle and Jeannie Adams (Adams' real-life former wife and Austin's girlfriend at the time) as his valets. It was during this time Austin adopted the "Stunning" nickname that followed him to WCW.

Austin left WCCW after its final folding in 1990 and signed with WCW the next year. He was originally paired with a valet named Vivacious Veronica,^[10] but was later joined by Jeannie Adams, known as "Lady Blossom".^[9][10] Just weeks after his debut, Austin defeated Bobby Eaton for his first WCW World Television Championship on June 3, 1991. Later that year, Austin joined Paul E. Dangerously's Dangerous Alliance.^[9][11] Austin lost the WCW Television Championship to Barry Windham in a two out of three falls match on April 27, 1992. He regained the title from Windham on May 23.

Austin enjoyed a second lengthy reign before losing to Ricky Steamboat on September 2, 1992. The Dangerous Alliance disbanded shortly thereafter.^[12] At Halloween Havoc, he replaced Terry Gordy, teaming with "Dr. Death" Steve Williams to wrestle Dustin Rhodes and Barry Windham for the unified WCW and NWA World Tag Team title.^[12] The teams wrestled to a thirty-minute time limit draw.^[12]