This document is Profit and Loss 2017/18.

It is part of the supporting assessment resources for Assessment Task 2 and 3 of BSBFIM601.

Grow Management Consultants Pty Ltd

Profit and Loss Statement
July 17 to June 18

PROFIT & LOSS 2017 - 2018

Income
Consulting fees $1,175,600
Workshops $36,000
Publications $2,000
Executive Search Service $108,000

Gross profit/net sales $1,321,600

Expenses
Accounting fees $6,823
Advertising & marketing $5,000
Computer Software $4,600
Insurance $4,028
Lease/loan payments $1,500
Motor vehicle expenses $5,183
Office Cleaning $9,600
Office supplies $2,100
Rent & rates $42,960
Repairs & maintenance $1,200
Salaries/wages (including PAYG) $504,000

This Profit and Loss Statement is intended as a GUIDE ONLY and DOES NOT constitute financial advice, _x000D_please verify and discuss your financial statements with a
qualified accountant, solicitor or financial advisor.
 Superannuation $60,000
Telephone $3,400
Utilities $3,935
Sundries
Travel and accommodation (for $2,280
workshops) $5,386
Contract writer e-book $45,800

Total expenses $707,795

NET PROFIT (Net Income) $613,805

Assumptions:
All figures are GST inclusive.

This Profit and Loss Statement is intended as a GUIDE ONLY and DOES NOT constitute financial advice, _x000D_please verify and discuss your financial statements with a
qualified accountant, solicitor or financial advisor.