what is net income ? Income-Expenditure(USD Million)Dec. 2016Interest Income5.120Interest on loansInterest received from reserve deposits4.13163Interest received from banksInterest received from money market transactionsInterest received from marketable securities portfolio237887Other interest incomeInterest ExpensesInterest on deposits2.8622.239Interest on money market transactionsInterest on funds borrowed147277Interest on securities issuedOther interest expenses18811Net Interest Income/ExpensesNet Fees and Commissions Income/ExpensesFees and commissions receivedFees and commissions paidDividend IncomeTrading Profit/Loss (net)Profit/loss on trading account securitiesProfit/losses on derivative financial transactionsForeign exchange profit/lossOther Operating IncomeTotal Operating Income/ExpensesProvision for Loan Losses or other Receivables (-)Specific provisions of banks loans and other receivables*General provision expenses*Other Operating Expenses (-)Personnel Expenses*Net Operating Profit/LossSurplus written as gain after mergerProfit/losses from equity method applied subsidiariesNet monetory position gain/lossProfit/Loss Before Taxes from Continuing OperationsProvisions for Taxes on Income from Continuing Operațions (±)Net Profit/Loss from Continuing OperationsNet Profit/Loss Before Taxes from Terminated OperationsProvisions for Taxes on Income from Terminated Operations (±)Net Profit/Loss from Terminated Operations2.25868183315226945310-852503.4656305091081.2164841.6191.619-3321.287Net Profit/Losses1.287* Used from information and disclosures related to income statement.

Net income is the profit after tax where the profit is the net profit after interest and…

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what is net income ?

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter12: The Statement Of Cash Flows

Section: Chapter Questions

Problem 12.2DC

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