Because managers will generally book business in a way that will help them earn their bonus, it is usually safe to assume that the income statement will overstate profits.

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After receiving the signal, bookmakers would run large bets and "make huge profits, " the Delhi Police said in a statement.

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The impact of falling investment banking activity will vary depending on the actual exposure to revenues as well as profits that each of those institutions has on its respective income statement.

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Profits earned from credit-card balances are captured on the income statement, even though a big chunk of the balances are securitised.

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Estimated profits had been in the range of one million euros per year, the statement said.

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In a statement issued on Thursday, Dewhirst blamed the move on a loss of profits due to "continued consumer pressure on prices".

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T-Mobile posted higher profits during the first quarter of the 2012 financial year than the previous year, according to a statement released by its parent company, Deutsche Telekom.

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What will also be interesting is whether the owners of the business, the shareholders, see that statement about "significant management action" being needed as a coded warning about the prospects for future profits.

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