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  • Income Statement Template

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    monsur
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    The income statement shows revenues of £345,000 for 2022 with costs of goods sold of £275,000, resulting in a gross profit of £70,000. Total expenses including distribution costs of £20,000 and administrative expenses of £30,000 were £50,000, giving an operating profit before interest and taxes of £22,000. After interest of £7,500 and taxes of £2,900, the net profit for the year was £11,600.

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    Income-Statement-Template

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    The income statement shows revenues of £345,000 for 2022 with costs of goods sold of £275,000, resulting in a gross profit of £70,000. Total expenses including distribution costs of £20,000 and administrative expenses of £30,000 were £50,000, giving an operating profit before interest and taxes of £22,000. After interest of £7,500 and taxes of £2,900, the net profit for the year was £11,600.

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    4 views2 pages

    Income Statement Template

    Uploaded by

    monsur
    The income statement shows revenues of £345,000 for 2022 with costs of goods sold of £275,000, resulting in a gross profit of £70,000. Total expenses including distribution costs of £20,000 and administrative expenses of £30,000 were £50,000, giving an operating profit before interest and taxes of £22,000. After interest of £7,500 and taxes of £2,900, the net profit for the year was £11,600.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    of 2

    Income Statement

    2022

    TURNOVER £ 345,000.00

    Cost of sales £ 275,000.00

    GROSS PROFIT (OR LOSS) £ 70,000.00

    Expenses
    Distribution costs £ 20,000.00
    Administrative expenses £ 30,000.00

    Other income
    Other operating income £ 2,000.00
    Income from shares in group undertakings £ -
    Income from participating interests £ -
    Income from other fixed asset investments £ -
    Other interest receivable and similar income £ -

    Amounts written off investments £ -

    Operating profit before interest and taxation* £ 22,000.00

    Interest payable and similar expenses £ 7,500.00

    Profit and loss before taxation £ 14,500.00

    Tax on profit or loss £ 2,900.00

    Profit or loss after taxation £ 11,600.00

    Other taxes not shown above £ -

    PROFIT (OR LOSS) FOR THE FINANCIAL [YEAR] £ 11,600.00

    *[include any necessary notes e.g. about the values of depreciation and amortisation expenses]
    2021

    £ -

    £ -

    £ -

    £ -

    £ -

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