Cisco System's net income decreased significantly during the period 2013-2015. During the 2015 period, Cisco System's net income was reduced to eight point nine million dollars in 2015, as opposed to its base year of nine point nine million dollars in 2013. This decrease in net income results in a reduction of ten point four. percent during the period 2013-2015. Such reduction in net profit determines Cisco's inability to control its operating expenses, which ultimately led to a reduction in its profitability. Balance SheetThe balance sheet is mainly composed of three elements, namely assets, liabilities and shareholders' equity. The asset and liability component of a balance sheet is divided into current and non-current. Cisco Systems' balance sheet analysis covers the period from 2013-2015.