XXXX (Company)

Statement of Profit or Loss for the year ended xxxx (year ended)
RM RM RM
Sales XX
Less: Return inwards (XX)
Net Sales XX

Less: Cost of Goods Sold

Opening inventory XX
Purchases XX
Add: Carriage inwards XX
Net purchases/cost of goods purchased XX
Cost of Goods available for sale XX
Less: Closing Inventory (XX) (XX)
Gross Profit XX

Add: Other Income

Commission received XX

Less: Operating expenses

Carriage outwards
XX
Discount allowed XX
Salaries expenses XX
Bad debts XX
Insurance expenses XX
Interest expense XX
Telephone and internet expense XX
Rental and maintenance XX
General expenses XX
Depn – Building XX
Depn – F&F XX
Supplies expense XX
(XX)
Net income / Net Loss XX / (XX)
 XX
Statement of Financial Position as at xxx
RM RM RM
Non-current Assets Cost (-)Accumu NBV
lated Depr
eciation
Building XX (XX) XX
Furniture and Fixtures XX (XX) XX

Investments XX

Land XX
Total Non current Assets
xx

Current Assets
Cash XX
Debtors XX
Supplies XX
Inventory XX
Prepaid insurance XX
Total current assets XX

Total Assets XX
Current Liabilities
XX
Account Payable
Bank overdraft XX
Interest payable XX
Telephone and internet payable XX
Total current liability XX

Non current liabilities

5.5% Loan XX

Equity
XX
Capital
Add : Net profit / Less: Net Loss (from SOCI) XX/ (XX)
Less: Drawings (XX)
XX
Total liabilities and equity XX