But the figure excludes gains on assets like land and stocks, which have been plentiful in recent years.

The total compensation figures exclude gains from stock options awarded in past years but exercised in 2002.

That figure excludes taxes and interest payments as well as one-time gains and losses.

The 1988 figure excludes special one-time gains and tax benefits totaling $336 million.

But given that the analysis is over 11 years, it seems odd to exclude gains for this reason.

But operating earnings, which exclude one-time charges and gains, rose 63 percent, to $992 million, as Bertelsmann's other businesses showed resilience.

The total compensation figures for all executives exclude gains from stock options awarded in past years but exercised in 2006.

But the 1993 figure excluded unusual gains of $57 million, or $1.46 a share.

The private-sector job losses, which exclude gains in government hiring, were the largest since October, according to the comptroller's office, which adjusts state data for seasonal factors.

Operating profits, which exclude one-time gains and tax charges, rose 26 percent, to 199.5 billion yen, while sales grew 1.2 percent, to a record 2.3 trillion yen.