extraordinary items which are shown in the profit and loss account below net profit after taxation, as opposed to exceptional items which are included in the figure for profit before taxation nounpayments which do not arise from a company's usual activities, e.g. redundancy paymentsextraordinary items which are shown in the profit and loss account below net profit after taxation, as opposed to exceptional items which are included in the figure for profit before taxation payments which do not arise from a company's usual activities, e.g. redundancy payments