PROFORMA OF VERTICAL INCOME STATEMENT

NO. Particulars Amount Amount Amount

1 Gross Sales: XXX
Less: Sales Return and Allowances XXX
=Net Sales XXX
2 Less Cost of Goods Sold XXX
(A)Raw Material Consumed XXX
Opening Stock of Raw Material
Add: Purchases of Raw Material
Less: Purchase returns
Less: Closing Stock of Raw Material
(B) Add: Direct/Manufacturing/Factory Expenses XXX
(C) Work – in – Progress:- XXX
(D) Finished Goods:- XXX
Opening Stock of Finished Goods
Less: Closing Stock of Finished Goods
3 Gross Profit(1-2) XXX
4 Add: Operating Incomes: XXX
5 Less: Operating Expenses (X+Y+Z) XXX
(X) Office & Administration Expenses: XXX
(Y) Selling and Distribution Expenses: XXX
(Z) Finance Expenses XXX
6 Operating Profit (3 + 4 – 5) XXX XXX
7 Add: Non-Operating Income: XXX
8 Less: Non-Operating Expenses: XXX
9 Net Profit Before Tax (6 + 7 -8) XXX XXX
10 Net Profit After Tax XXX XXX
PROFORMA OF VERTICLE BALANCE SHEET
NO. Particulars Amount Amount Amount
I SOURCES OF FUNDS
1 Shareholders Fund/Owned Fund XXX
Less: Fictitious Assets/ Miscellaneous Expenditure Not Written XXX
off
=OWN FUND/NET WORTH/OWNERS FUND XXX
2 Borrowed Fund / Owed Fund / Long term Liabilities XXX
3 Capital/Net Fund Employed / Total Fund Available (1 + 2) XXX
II APPLICATION OF FUNDS:
1 Fixed Assets XXX
2 Investments: XXX
3 Working Capital
(A) Current Assets
Less (B) Current Liabilities:
=Working Capital XXX
4 Total Funds Used/Capital employed (1+2+3) XXX