Profit & Loss for Kami's Clothing as at 2018

PROFIT & LOSS January February March April May

Sales $50,000 $54,000 $58,320 $62,986 $68,024
less cost of goods sold $9,800 $10,094 $10,397 $10,709 $11,030
Gross profit/net sales $40,200 $43,906 $47,923 $52,277 $56,994
Expenses
Accountant fees $950 $950 $950 $950 $950
Advertising & marketing $1,600 $1,300 $1,000 $700 $400
Bank interest $1,900 $1,900 $1,900 $1,900 $1,900
Credit card fees $700 $500 $800 $767 $817
Utilities (Telephone, electricity, gas,
water) $550 $550 $550 $550 $550
Rent & rates $2,000 $2,000 $2,000 $2,000 $2,000
Motor vehicle expenses $100 $90 $50 $60 $40
Repairs & maintenance $500 $300 $200 $150 $0
Stationery & printing $100 $150 $120 $140 $130
Insurance $1,500 $1,500 $1,500 $1,500 $1,500
Income tax $1,200 $1,200 $1,200 $1,200 $1,200
Wages $15,000 $15,000 $15,000 $15,000 $15,000
Total expenses $26,100 $25,440 $25,270 $24,917 $24,487
NET PROFIT (Net Income) $14,100 $18,466 $22,653 $27,360 $32,508

Assumptions:
All figures are GST inclusive.
Projected sales growth 8%
Cost of goods sold / Sales 3%

This Profit and Loss Statement is intended as a GUIDE ONLY and DOES NOT constitute financial advice, please verify and discuss your financial statements with a qualified
accountant, solicitor or financial advisor.
 June July August September October November December Yearly Total
$73,466 $79,344 $85,691 $92,547 $99,950 $107,946 $116,582 $948,856
$11,361 $11,702 $12,053 $12,414 $12,787 $13,170 $13,565 $139,082
$62,106 $67,642 $73,638 $80,132 $87,163 $94,776 $103,016 $809,774

$950 $950 $950 $950 $950 $950 $950 $11,400

$100 $200 $500 $800 $400 $400 $300 $7,700
$1,900 $1,900 $1,900 $1,900 $1,900 $1,900 $1,900 $22,800
$867 $917 $967 $1,017 $1,067 $1,117 $1,167 $10,700

$550 $550 $550 $550 $550 $550 $550 $6,600

$2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $24,000
$50 $30 $70 $70 $100 $60 $75 $795
$120 $30 $120 $0 $140 $120 $150 $1,830
$150 $100 $130 $80 $130 $90 $160 $1,480
$1,500 $1,500 $1,500 $1,500 $1,500 $1,500 $1,500 $18,000
$1,200 $1,200 $1,200 $1,200 $1,200 $1,200 $1,200 $14,400
$15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $180,000
$24,387 $24,377 $24,887 $25,067 $24,937 $24,887 $24,952 $299,705
$37,719 $43,265 $48,752 $55,065 $62,227 $69,889 $78,065 $510,069

This Profit and Loss Statement is intended as a GUIDE ONLY and DOES NOT constitute financial advice, please verify and discuss your financial statements with a qualified
accountant, solicitor or financial advisor.
Using this Profit & Loss Statement
This profit & loss statement contains a list of suggested profit items and expenses a typical business may have. You can
edit these items by removing or adding rows and typing in your own items. Don’t forget to enter the financial year at
the top of the statement.

Please note: This statement assumes all figures are GST inclusive.

Formulas

When you add your figures, the sheet will automatically calculate your totals and net profit at the bottom. If you are
adding or removing rows please double-check your figures to ensure the calculations have been preserved.

Calculations Sales minus cost of goods sold minus any other expenses
Gross profit/net sales equals related to the production of a good or service.

Net profit equals Gross profit/net sales minus Total expenses.

This profit & loss statement is intended as a GUIDE ONLY and DOES NOT constitute financial advice, please
verify and discuss your financial statements with a qualified accountant, solicitor or financial advisor.

This profit & loss statement has been developed by business.gov.au,

located within the Department of Industry.

Copies of the latest version of this spreadsheet can be downloaded

from www.business.gov.au.

If you need further information, assistance or referral about a small

business issue, please contact us on 13 28 46.