financial statements and bonus
I'm wondering something. I know it's not as simple as this, but here's the principle.
In the quarterly financial statements, do banks report net profit AFTER bonus pool has been allocated? Or these Q1, Q2 profits are reported PRIOR to allocating funds for bonus pool? I know in the End of Year financial statements, the banks report bonus pool as part of compensation expenses, but what happens in Q1, Q2, Q3 before bonus are decided?
For example, say for arguments sake, the bank's true net profit (after operating expenses including salary) was $1.5bio in Q1, and say equivalent of 500mio will be for bonus pool. So, in the Q1 statements, does bank say 'net profit' will be $1.0bio (allowing for 500mio sent to bonus pool)? or do they report $1.5bio as net profit, because no body knows how much loss/profit will be made in later quarters, thus not really putting money aside for bonus pool?
I know it's never this simple, but just so that I can guesstimate what I might have.
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