Need to find : a) Net Interest Income b) Profit Before Taxes Please help me with proper steps

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Need to find :

a) Net Interest Income

b) Profit Before Taxes

Please help me with proper steps

Amount Annual Liabilities (OMR in
Return millions)
Amount Annual
Assets (OMR in
millions)
Cost
Cash
45
0%
Short term deposits
120
2%
Government Bonds
180
1.25%
Medium term
265
2.25%
deposits
Long term deposits
Loans to local
220
3.5%
385
2.75%
government
Loans to SMIES
Loans to corporates
Short term financing
Long term bonds
245
5%
275
3%
585
6.25%
150
4.5%
Totals
1,275
Fee income for the year ended 31st December 2020 is OMR 6.25 million.
Total overhead expenses for the year ended 31st December 2020 is OMR 23.5
million.
3.
Transcribed Image Text:Amount Annual Liabilities (OMR in Return millions) Amount Annual Assets (OMR in millions) Cost Cash 45 0% Short term deposits 120 2% Government Bonds 180 1.25% Medium term 265 2.25% deposits Long term deposits Loans to local 220 3.5% 385 2.75% government Loans to SMIES Loans to corporates Short term financing Long term bonds 245 5% 275 3% 585 6.25% 150 4.5% Totals 1,275 Fee income for the year ended 31st December 2020 is OMR 6.25 million. Total overhead expenses for the year ended 31st December 2020 is OMR 23.5 million. 3.
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