After-tax operating net profit = profit before interest and tax × (1-income tax rate) = after-tax net profit after-tax interest expense.
Net profit = total profit - income tax expense. Net profit refers to the amount of the company's total profit for the current period minus income tax, that is, the company's after-tax profit.
Income tax refers to the tax calculated and paid to the state on the total profits realized by the enterprise in accordance with the standards stipulated in the Income Tax Law. It is a deduction item from the total profit of the enterprise. Interest expenses include interest expenses in financial expenses and capitalized interest included in the cost of fixed assets. Although capitalized interest is not deducted from the income statement, it still has to be repaid. Net operating profit after tax refers to the company's operating profit excluding interest income and expenses after deducting actual paid income tax, plus non-cash expenses such as depreciation and amortization, and then subtracting additional working capital and property, plant, equipment and other assets. investments. After-tax operating profit is a concept in financial management, which represents the company's operating profit after deducting income tax on a cash basis. Net operating profit after tax (NOPAT) is one of the important concepts in free cash flow measurement. It represents the company's operating profit (profit before interest and tax) after deducting income taxes on a cash basis.
Therefore, after-tax net operating profit is actually the after-tax profit obtained by the company's operations without involving the capital structure, that is, the after-tax investment income of all capital, reflecting the profit of the company's assets. ability. Among them, the minority shareholders' profits and losses are generally based on the consolidated financial statements. During the distribution process, part of the actual operating net profit generated by the company belongs to the controlling parent company, and part belongs to the minority shareholders.
The increase in the balance of deferred income tax liabilities. "Income tax expense" is income tax expense from an accounting perspective, which takes into account the temporary differences in income tax treatment in accounting and tax law, and reallocates income tax expenses in each period according to accounting treatment methods.
The increase in the amount of various asset impairment provisions is to meet the accounting prudence principle and prevent profits from being overestimated. It is an accounting matter and there is no actual capital change. Gains and losses from changes in fair value. In accounting, gains and losses from changes in fair value are used to measure changes in the value of financial assets for investment purposes, and this part is obviously irrelevant to the actual production capacity of the enterprise.
Legal basis:
"Implementation Regulations of the Individual Income Tax Law of the People's Republic of China" Article 6 The scope of various personal incomes stipulated in the Personal Income Tax Law:
(1) Wage and salary income refers to wages, salaries, bonuses, year-end salary increases, labor dividends, allowances, subsidies and other income related to employment or employment that an individual obtains due to his or her employment.
(2) Income from labor remuneration refers to the income obtained by individuals engaged in labor services, including design, decoration, installation, drawing, laboratory testing, medical treatment, law, accounting, consulting, lecturing, translation, review, etc. Income from manuscripts, calligraphy and painting, engraving, film and television, audio and video recording, performances, performances, advertising, exhibitions, technical services, introduction services, brokerage services, agency services and other services.
(3) Income from author remuneration refers to the income an individual obtains from the publication or publication of his or her works in the form of books, newspapers, periodicals, etc.
(4) Income from royalties refers to the income obtained by individuals from providing the right to use patent rights, trademark rights, copyrights, non-patented technologies and other franchises; the income obtained from providing the right to use copyrights , excluding royalties.
(5) Business income refers to: 1. The income obtained by individual industrial and commercial households from engaging in production and business activities. Investors in sole proprietorships and individual partners in partnerships come from sole proprietorships registered in the country. , Income from the production and operation of partnership enterprises; 2. Income obtained by individuals from running schools, medical care, consulting and other paid service activities in accordance with the law; 3. Income obtained by individuals from contracting operations, leasing operations, subcontracting and subletting of enterprises and institutions ;4. Income obtained by individuals from other production and business activities. (6) Interest, dividends, and bonus income refer to the interest, dividend, and bonus income obtained from individuals owning debts, equity, etc.
(7) Income from property leasing refers to the income obtained by individuals from leasing real estate, machinery and equipment, vehicles, ships and other properties.
(8) Income from property transfer refers to the income obtained by individuals from the transfer of securities, equity, property shares in partnerships, real estate, machinery and equipment, cars and boats, and other properties.
(9) Incidental income refers to an individual’s income from winning a prize, winning a prize, winning a lottery, and other incidental income. If it is difficult to define taxable income items for personal income, it shall be determined by the taxation department of the State Council.