EMBET TESFAY

Income Statement
For the Twelve Months Ending Sene 30,2013

Revenues
Sales- Food & Beverages 2,841,657.23

Cost of Sales
Beginning Inventory 25,000.00
Plus Purchase 2,498,216.47
goods available for sale 2,523,216.47
less Ending Inventory 49,166.65
2,474,049.82
Total Cost of Sales

Gross Profit 367,607.41

Expenses
Fire wood 25,000.00
Salary exp 108,000.00
Pension Expense 11,880.00
Manicipality Service 300.00
Slautory service/ ቄራ አገ/ 15,600.00
Deprec. Expense 6,790.13
Cash reg. machine service 2,508.80
Accounting fee 3,000.00
Electric 13,652.54
Sanitation and Cleaning 3,569.95
Water 1,138.00
Total Expenses 191,439.42

Income before tax 176,167.99

Profit tax ( 176167.99*.35-18000) 43,658.80
Net income 132,509.19
2,841,657.23

2,474,049.82

367,607.41

191,439.42

176,167.99
43,658.80
132,509.19
 EMBET TESFAY /HOTEL/
Income Statement
For the Twelve Months Ending Sene 30, 2015 EC

Revenues
Sales Income

Cost of Sales
Beginning Inventory 81,188.14
plus Purchase-VAT 1,770,069.81
NONE VAT Purchase 3,355,859.00
Goods availabel for sale 5,125,928.81
Less Endinning Inventory 52,282.63
Cost of Sales

Gross Profit

Expenses
Accounting fee 4,000.00
Transportation

Income before profit tax

Profit tax Expense (254000*.35-18000)

Net Income
, 2015 EC

5,331,646.18

5,073,646.18

258,000.00

4,000.00

254,000.00
70,900.00

183,100.00
qty cost
1 6000
1 6550
1 6722
1 6950
1 6080