Comprehensive Income definition

Comprehensive Income means comprehensive income of Borrower and its Subsidiaries on a consolidated basis determined in accordance with Generally Accepted Accounting Principles.

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Comprehensive Income shall have the meaning assigned to such term by -------------------- GAAP.

Comprehensive Income. The Company follows SFAS No. 130, "Reporting Comprehensive Income." This standard requires entities presenting a complete set of financial statements to include details of comprehensive income or loss. Comprehensive income consists of net income or loss for the current period and income, expenses, gains and losses that bypass the income statement and are reported directly in a separate component of equity. The income tax effects allocated to comprehensive income at December 31, are as follows: ================================================================================================================= 2002 2001 ================================================================================================================= BEFORE NET BEFORE TAX NET TAX TAX OF TAX TAX BENEFIT OF TAX (in thousands) AMOUNT (EXPENSE) AMOUNT AMOUNT (EXPENSE) AMOUNT ================================================================================================================= Unrealized Gains on Securities Unrealized Holding Gains Arising During the Period $ 374 $(127) $ 247 $ 450 $(152) $ 298 Less Reclassification Adjustment for Gains (Losses) Realized in Net Income 145 (49) 96 (11) 4 (7) Other Comprehensive Income, Net $ 229 $ (78) $ 151 $ 461 $(156) $ 305 ================================================================================================================= SEGMENT REPORTING: SFAS No. 131, Disclosures about Segments of an Enterprise and Related Information, establishes standards for the way public business enterprises report information about operating sements in annual financial statements. The Company has one operating and, accordingly, one reportable segment, "Community Banking." All of the Company's activities are interrelated, and each activity is dependent and assessed based on how each of the activities of the Company supports the others. For example, commercial and industrial lending is dependent upon the ability of the Company to fund itself with retail deposits and other borrowings and to manage interest rate and credit risk. This situation is also similar for consumer and residential and commercial mortgage lending. All significant operating decisions are based upon analysis of the Company as one operating segment. SVB FINANCIAL SERVICES, INC. Notes to Consolidated Financial Statements

Examples of Comprehensive Income in a sentence

• Reporting comprehensive income -- Statement of Financial Accounting Standards No. 130, "Reporting Comprehensive Income" ("SFAS No. 130") establishes standards for the reporting and display of comprehensive income (loss) and its components in a full set of general purpose financial statements.

• At the commencement of the lease, the carrying amount of the asset in the Balance Sheet (whether Property, Plant and Equipment or Assets Held for Sale) is written off to the Other Operating Expenditure line in the Comprehensive Income and Expenditure Statement as part of the gain or loss on disposal.

• When expenditure to be financed from a reserve is incurred, it is charged to the appropriate service in that year to score against the Surplus or Deficit on the Provision of Services in the Comprehensive Income and Expenditure Statement.

• Resulting gains or losses are recognised in the Financing and Investment Income and Expenditure line in the Comprehensive Income and Expenditure Statement.

• When an asset is disposed of or decommissioned, the carrying amount of the asset in the Balance Sheet (whether Property, Plant and Equipment or Assets Held for Sale) is written off to the Other Operating Expenditure line in the Comprehensive Income and Expenditure Statement as part of the gain or loss on disposal.

• Where there is a subsequent decrease to fair value less costs to sell, the loss is posted to the Other Operating Expenditure line in the Comprehensive Income and Expenditure Statement.

• Annual credits to the Financing and Investment Income and Expenditure line in the Comprehensive Income and Expenditure Statement for interest receivable are based on the carrying amount of the asset multiplied by the effective rate of interest for the instrument.

• Rental income is credited to the Other Operating Expenditure line in the Comprehensive Income and Expenditure Statement.

• Annual charges to the Financing and Investment Income and Expenditure line in the Comprehensive Income and Expenditure Statement for interest payable are based on the carrying amount of the liability, multiplied by the effective rate of interest for the instrument.

• An asset is tested for impairment whenever there is an indication that the asset might be impaired – any losses recognised are posted to the relevant service line(s) in the Comprehensive Income and Expenditure Statement.

More Definitions of Comprehensive Income

Comprehensive Income means items of income and expense (including reclassification adjustments) that are not recognised in profit or loss as required or permitted by other IFRSs.

Comprehensive Income means items of income and expense (including

Comprehensive Income is to include foreign currency translation gains and losses and other unrealized gains and losses that have been previously excluded from net income or loss and reflected instead in equity. The Company anticipates that SFAS No.130 will not have a material impact on the Company's consolidated financial statements. In 1997, the FASB issued SFAS No. 131, "Disclosures about Segments of an Enterprise and Related Information," which will be adopted by the Company in the 1998 annual consolidated financial statements. SFAS No. 131 requires companies to report financial and descriptive information about its reportable operating segments, including segment profit or loss, certain specific revenue and expense items and segment assets as well as information about revenues derived from the Company's products and services, the countries in which the Company earns revenues and holds assets and major customers. The Company currently provides much of this information in its current consolidated financial statements and anticipates that SFAS No. 131 will not have a material impact on the Company's consolidated financial statements. In 1997, the Accounting Standards Executive Committee of the American Institute of Certified Public Accountants issued Statement of Position ("SOP") 97-2, "Software Revenue Recognition," which will be adopted by the Company in the first quarter of 1998. SOP 97-2 provides guidance on applying generally accepted accounting principles in recognizing revenue on software transactions. The Company anticipates that SOP 97-2 will not have a material impact on the Company's consolidated financial statements.