This is the income generated, by a self employed individual
or company, after the deduction of all costs and charges, including interest
costs, but before the deduction of tax.
As such this should be the amount that the individual or owners of the company
have for their own benefit and therefore could be treated as their income level.
Many lenders take an average over three years, of a businesses net profits and
also expect to see an increase on those profits over that time period in order
to approve the lending.