Net Profit

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Net Profit

 

in capitalist society, the profit left over after income taxes. Net profit, whose amount depends on the amount of gross profit and the magnitude of income taxes, is used by businessmen and monopolies for the expansion of production and for parasitic consumption. By maintaining secrecy in commercial operations, exaggerating the depreciation rate of fixed assets, and using sophisticated methods to falsify accounts, capitalists are able to understate their net profit and thereby pay lower taxes.

The net profit of socialist enterprises is the profit shown on the balance sheet—that is, the amount left over after subtracting payments made to the state from profits: capital charges, fixed (rent) payments, payments from the free profit remainder, and interest payments on loans. Net profit is used to form incentive funds, to augment the circulating capital of enterprises, and to finance certain capital investments.

References in periodicals archive ?
75 per cent in its net profits, which stood at RO 10.
2 percent of the total net profit of the 12 sectors' profit.
Qatar General Insurance Company reported the only decline in net profit in the sector, down 19.
60 percent net profit margin average is, it should be noted that an average is created by accumulating a range of figures.
Net profit participants are often a film's writer, "B-level" talent, the composer and in some cases, the cinematographer.
A's interest in the gross receipts is not deemed an interest in net profits.
Statewide, the net profit before taxes works out to 8.
For the current fiscal year, DDI expects a net profit of 13 billion yen and a pretax profit of 37.
The steering committee rejected the use of the "normalized earnings" concept that excludes the effect of income and expenses, which are included in net profit determinations but are not, in the opinion of financial analysts, related to an enterprise's normal activities.
Operating Revenues and Net Profits of Companhia Siderurgica, 2003-2008
9% year-on-year decline in its 2017 second quarter net profits to SR 2.
By Santhosh V Perumal/Business Reporter Signalling the returning of investor confidence, companies listed on the Qatar Exchange have registered higher earnings with their total net profits expanding 13.