CFTC Form 1-FR-IB Instructions - National Futures Association

FORM 1-FR-IB
Instructions
Statement of Income (Loss)/Changes in Ownership Equity
Page 8-11.
STATEMENT OF INCOME (LOSS)
This statement is required to be filed at the end of an IB's
fiscal year, though the Commission or an SRO can request the IB to
file it at any time during the year.
STATEMENT OF CHANGES IN OWNERSHIP EQUITY
The period covered by this statement should be the period since
the Form 1-FR-IB was last filed.
Line 1. - Total ownership equity as previously reported
The amount reported should reflect the total ownership equity
reported as of the date of the immediately preceding financial report
filed with the Commission. Applicants for registration which have not
been operating any other business should show zero. Applicants which
have been operating another business should show the amount of
ownership equity at the close of their last fiscal year.
Line 2. - Net income (loss) for period
Add net income (deduct a loss) resulting from operations for the
period. If the Form 1-FR-IB includes a Statement of Income (Loss), the
amount on line 2 should agree with page 6, line 24.
Line 3. - Other additions to capital
Add the amount of any increases in ownership equity during the
period and explain fully in the space provided. If stock was issued,
the class should be identified.
Line 4. - Dividends
Deduct the amount of any dividends declared or paid during the
period.
Line 5. - Other deductions from capital
Deduct the amount of any reduction in ownership equity during the
period and explain fully in the space provided.
Line 6. - Balance
The result of the foregoing additions and deductions should be
entered and should agree with the amount reported on page 3, line 24,
of the Statement of Financial Condition.