Income Taxes Payable (SF.BS.IncomeTaxesPayable) refers to the income taxes payable to the Government, that have already been determined in terms of amount and payable date. Income Taxes Payable (SF.BS.IncomeTaxesPayable) is different from Deferred Income Tax – Current Liability (SF.BS.DeferredIncomeTax_CurrentLiability) since the latter is an estimated amount only. Income Taxes Payable…
Insurance Receivables (SF.BS.InsuranceReceivables) refers to the receivables from policyholders, agencies, and other Operating parties in insurance companies; It excludes receivables from reinsurers. Insurance Receivables (SF.BS.InsuranceReceivables) includes: Premiums receivable from policyholders Due from policyholders, agencies, brokers Provision for doubtful receivables shown as a negative figure Insurance Receivables (SF.BS.InsuranceReceivables) does not include:…
Insurance Reserves (SF.BS.InsuranceReserves) refers to the reserves for policy benefits created due to actuarial assumptions on insurance policies. This reserve is required in Long-Term insurance policies, such as life or in annuity management plans. Insurance Reserves (SF.BS.InsuranceReserves) includes: Life insurance benefits reserve Technical reserves, which is a broader definition of…
Intangibles, Gross (SF.BS.IntangiblesGross) refers to the gross value of intangible assets, before the accumulated amortization and impairment expense is applied. If Intangibles are only reported as a net figure, it is classified as Intangibles, Net (SF.BS.IntangiblesNet). Intangibles, Gross (SF.BS.IntangiblesGross) includes: Gross value of patents, copyrights, franchises, trademarks, trade names, secret…
Interest Receivable (SF.BS.InterestReceivable) refers to the interest income accrued but yet to be received, on loans and other investments of commercial banks. Interest income is a core operating revenue source for Commercial Banks.
Interest-Bearing Deposits (SF.BS.InterestBearingDeposits) refers to the portion of deposits that bear interest, such as savings accounts or time deposits. Interest-Bearing Deposits (SF.BS.InterestBearingDeposits) includes: Savings accounts NOW accounts Money market accounts Passbook deposits Time deposits and certificates of deposit
Interest-Earning Deposits (SF.BS.InterestEarningDeposits) refers to interest-earning deposits with other banks and financial institutions. Subsidiaries of a commercial bank may have deposits with other banks and financial institutions, which are classified as Interest-Earning Deposits (SF.BS.InterestEarningDeposits). Interest-Earning Deposits (SF.BS.InterestEarningDeposits) includes: Deposits with other banks and financial institutions for subsidiaries of commercial banks
Inventories – Finished Goods (SF.BS.Inventories_FinishedGoods) refers to inventories of unsold finished goods on hand. The goods may have been produced internally or purchased for resale. When there is no specific segregation of inventories among finished goods, work-in-progress, and raw materials, Sentieo refers to it as Total Inventory (SF.BS.TotalInventory). Inventories –…
Inventories – Other (SF.BS.Inventories_Other) refers to inventories other than referred to as: Inventories – Finished Goods (SF.BS.Inventories_FinishedGoods) Inventories – Work-in-Progress (SF.BS.Inventories_WIP) Inventories – Raw Materials (SF.BS.Inventories_RawMaterials) (for manufacturing companies) Inventories – Other (SF.BS.Inventories_Other) includes: Prepayment for inventory to be purchased Obsolescence/allowances/provision for devaluation of inventory (shown as a negative value)…
Inventories – Raw Materials (SF.BS.Inventories_RawMaterials) refers to raw materials acquired, but not yet put to use . It also includes raw materials in transit. However, Inventories – Raw Materials (SF.BS.Inventories_RawMaterials) is limited to materials that are used for manufacturing of finished goods that are eventually sold to customers. Raw materials…
