S.e.e. .t.h.e. .a.t.t.a.c.h.e.d. .p.i.c.t.u.r.e. .b.e.l.o.w.,. .o.n.l.y. .e.x.p.l.a.i.n.e.d. .t.h.e. .h.i.g.h. .p.e.r.c.e.n.t.a.g.e.s. .a.n.d. .a.l.s.o. .e.x.p.l.a.i.n.e.d. .t.h.e. .e.f.f.e.c.t. .o.f. .i.t.,. .i.t. .i.s. .g.o.o.d. .o.r. .b.a.d. .f.o.r. .a. .c.o.m.p.a.n.y M.a.k.e. .a. .s.h.o.r.t. .r.e.c.o.m.m.e.n.d.a.t.i.o.n

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
Chapter10: Long-term Liabilities
Section: Chapter Questions
Problem 10.10E
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S.e.e. .t.h.e. .a.t.t.a.c.h.e.d. .p.i.c.t.u.r.e. .b.e.l.o.w.,. .o.n.l.y. .e.x.p.l.a.i.n.e.d. .t.h.e. .h.i.g.h. .p.e.r.c.e.n.t.a.g.e.s. .a.n.d. .a.l.s.o. .e.x.p.l.a.i.n.e.d. .t.h.e. .e.f.f.e.c.t. .o.f. .i.t.,. .i.t. .i.s. .g.o.o.d. .o.r. .b.a.d. .f.o.r. .a. .c.o.m.p.a.n.y

M.a.k.e. .a. .s.h.o.r.t. .r.e.c.o.m.m.e.n.d.a.t.i.o.n

INTEREST INCOME
On loans and Advances
On investment securities
On deposits with BSP and other banks
STATEMENTS OF INCOME
INTEREST EXPENSE
On deposits
On bills payable and other borrowed funds
NET INTEREST INCOME PROVISION FOR CREDIT and
IMPAIRMENT LOSSES
NET INTEREST INCOME AFTER PROVISION FOR CREDIT and IMPAIRMENT LOSSES
OTHER INCOME
Fees and commissions
Income from foreign exchange trading
Securities trading gain
Income attributable to insurance operations
Net gains on disposals of investment securities at amortized cost
Other operating income
OTHER EXPENSES
Compensation and fringe benefits
Occupancy and equipment-related expense
Other operating expense
PROFIT BEFORE INCOME TAX
INCOME TAX EXPENSE
Current
Deferred
INCOME FROM CONTINUTING OPERATIONS
NET LOSS FROM DISCOUNTED OPERATIONS
NET INCOME AFTER TAX
3-Year Average
79,815,333,333
13,117,000,000
1,798,666,667
94,731,000,000
14,658,333,333
4,435,000,000
19,093,333,333
75,637,666,667
16,767,333,333
58,870,333,333
10,480,666,667
2,385,333,333
1,421,333,333
1,579,666,667
2,124,666,667
12,321,666,667
30,313,333,333
18,687,000,000
16,459,000,000
17,146,333,333
52,292,333,333
36,891,333,333
10,505,666,667
(2,217,333,333)
8,288,333,333
28,603,000,000
(70,333,333)
28,532,666,667
Percentage
84%
14%
1.90%
100%
15%
4.68%
20%
80%
18%
62%
11%
2.52%
1.50%
1.67%
2.24%
13%
32%
20%
17%
18%
55%
39%
11%
-2.34%
8.75%
30%
-0.07%
30%
Transcribed Image Text:INTEREST INCOME On loans and Advances On investment securities On deposits with BSP and other banks STATEMENTS OF INCOME INTEREST EXPENSE On deposits On bills payable and other borrowed funds NET INTEREST INCOME PROVISION FOR CREDIT and IMPAIRMENT LOSSES NET INTEREST INCOME AFTER PROVISION FOR CREDIT and IMPAIRMENT LOSSES OTHER INCOME Fees and commissions Income from foreign exchange trading Securities trading gain Income attributable to insurance operations Net gains on disposals of investment securities at amortized cost Other operating income OTHER EXPENSES Compensation and fringe benefits Occupancy and equipment-related expense Other operating expense PROFIT BEFORE INCOME TAX INCOME TAX EXPENSE Current Deferred INCOME FROM CONTINUTING OPERATIONS NET LOSS FROM DISCOUNTED OPERATIONS NET INCOME AFTER TAX 3-Year Average 79,815,333,333 13,117,000,000 1,798,666,667 94,731,000,000 14,658,333,333 4,435,000,000 19,093,333,333 75,637,666,667 16,767,333,333 58,870,333,333 10,480,666,667 2,385,333,333 1,421,333,333 1,579,666,667 2,124,666,667 12,321,666,667 30,313,333,333 18,687,000,000 16,459,000,000 17,146,333,333 52,292,333,333 36,891,333,333 10,505,666,667 (2,217,333,333) 8,288,333,333 28,603,000,000 (70,333,333) 28,532,666,667 Percentage 84% 14% 1.90% 100% 15% 4.68% 20% 80% 18% 62% 11% 2.52% 1.50% 1.67% 2.24% 13% 32% 20% 17% 18% 55% 39% 11% -2.34% 8.75% 30% -0.07% 30%
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