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  • Year 5 Profit and Loss Account

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    Tully Hamutenya
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    JN Abattoir had a gross revenue of $6,732,000 for the year, with a cost of goods sold of $2,964,000, resulting in a gross profit of $3,768,000. Total administrative overheads for the year amounted to $1,413,387. This led to a net profit before interest and tax of $2,354,613, which was also the net profit before tax. After paying corporation tax of 33% ($777,022), JN Abattoir was left with a net profit after tax of $1,577,591.

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    JN Abattoir had a gross revenue of $6,732,000 for the year, with a cost of goods sold of $2,964,000, resulting in a gross profit of $3,768,000. Total administrative overheads for the year amounted to $1,413,387. This led to a net profit before interest and tax of $2,354,613, which was also the net profit before tax. After paying corporation tax of 33% ($777,022), JN Abattoir was left with a net profit after tax of $1,577,591.

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    © All Rights Reserved
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    2 views1 page

    Year 5 Profit and Loss Account

    Uploaded by

    Tully Hamutenya
    JN Abattoir had a gross revenue of $6,732,000 for the year, with a cost of goods sold of $2,964,000, resulting in a gross profit of $3,768,000. Total administrative overheads for the year amounted to $1,413,387. This led to a net profit before interest and tax of $2,354,613, which was also the net profit before tax. After paying corporation tax of 33% ($777,022), JN Abattoir was left with a net profit after tax of $1,577,591.

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    © All Rights Reserved
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    JN Abattoir

    Year 5 Profit and Loss Account

    Gross Revenue 6,732,000


    Cost of Goods Sold/Raw Materials/Inputs 2,964,000
    Gross Profit 3,768,000

    Administrative Overheads
    Salaries 736,600
    Utilities 277,830
    Telephone & Internet 20,844
    Repairs & Maintenances (Equipment) 30,564
    Insurance 27,780
    Advertising and Promotions 39,600
    Accounting & Consultancy fees 13,896
    Legal and Professional Fees 10,416
    Printing and Stationery 20,892
    Fuels and Lubricants 60,774
    Bank Charges 60,588
    Website Expenses 1,103
    Loan Repayments 112,500
    Total Expenditure 1,413,387
    Net Profit Before Interest and Tax 2,354,613

    Net Profit Before Tax 2,354,613

    Corporation Tax (33%) 777,022.22


    Net Profit After Tax 1,577,591

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