Service and business income rose to P56.76 billion, gains increased to P2.16 billion and other nonoperating income
, up to P93.29 million.
The company might have generated around SR20-25 million nonoperating income
, which has largely offset the impact at the net profit level.
As a result of the above actions, Alcoa expects to both reduce its net pension and OPEB liability by $35 million and record non-cash nonoperating income
of approximately $20 million in the first quarter of 2018.
The drop on the operating line, however, was countered by a 269% jump in investment income to $93.7 million and a 27.5% gain in other nonoperating income
to $18.3 million, leading to a 3.8% rise in pretax income to $725.3 million.
The results show that the cost structure affects this decision even after controlling for operating and nonoperating income
and the variability in operating income.
Till the finalization of the new tariff regime by OGRA, the income from non core activities (LPS, Meter Manufacturing plant, Royalty from JJVL and sale of condensate/LPG may also be provisionally treated as nonoperating income
. The provision of doubtful debts may be determined at the minimum of 1% of the sales in line with the prevailing accounting practices.
The operating margin measure focused on core business operations and excluded the influence of nonoperating income
like endowments and nonoperating expenses such as interest expense.
Lower FX losses than in 2009 and other nonoperating income
(rather than nonoperating expenses last year) were also helpful.
lost annualized pace, increasing only slightly to $1.24 million as of June 30 from $1.13 million during first quarter.
The improvements in adjusted operating results were erased, though, by a 93.1% plunge in nonoperating income
(generated by marked-to-market adjustments related to conversion features, financing warrants, and Series A and B warrants) to $2.6 million from $37.4 million, and a 98.2% drop in interest and dividend income to $38,000 from $2.12 million.
accounts for a larger share of total income for preexisting TRSs than for newly formed TRSs; although, in 2001, nonoperating income
as a share of total income is roughly equal for both groups (29 percent for new TRSs versus 24 percent for preexisting TRSs), by 2004, this ratio doubles to 48 percent for preexisting TRSs while dropping slightly to 26 percent for newly formed TRSs.