MTM Accounting Flashcards
0
Q
Change in trading asset
A
Include in retained profit
1
Q
MTM held to maturity securities
A
Not affected by MTM, held at amortised value
2
Q
Change in avaliable for sale asset
A
Record in capital reserve
3
Q
Sfp1
A
Interest income
4
Q
Sfp2
A
Interest expenses
5
Q
Sfp3
A
Net interest income
6
Q
Sfp4
A
Charge for doubtful debts
7
Q
Sfp5
A
NII after charge for bad debts
8
Q
Sfp6
A
Non interest income
9
Q
Sfp7
A
Non interest expenses
10
Q
Sfp8
A
Net non interest income(burden)
11
Q
Sfp9
A
Realised financial gain on held to maturity securities
12
Q
Sfp9’
A
Unrealised gain on trading securities
13
Q
Sfp10
A
Profit from ordinary activities before income tax 5+8+9+9’
14
Q
Sfp11
A
Income tax
15
Q
Spf12
A
Extraordinary items
16
Q
Sfp13
A
Net profit 10-11+12
17
Q
Sfp14
A
Cash dividends declared
18
Q
Spf15
A
Retained profits
