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    Profit & Loss Grouping

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    Hossam Al-Abraq
    The income statement shows total external sales of $1,000,000 with a gross margin of $200,000 after deducting total costs of $800,000. Total operating expenses were $15,500 including provisions, commissions, selling costs, and administrative costs. This resulted in operating income of $173,500. After adding other income items and foreign exchange gains and deducting foreign taxes, the net income for the period was $173,500.

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    Profit & Loss Grouping

    Uploaded by

    Hossam Al-Abraq
    21 views2 pages
    The income statement shows total external sales of $1,000,000 with a gross margin of $200,000 after deducting total costs of $800,000. Total operating expenses were $15,500 including provisions, commissions, selling costs, and administrative costs. This resulted in operating income of $173,500. After adding other income items and foreign exchange gains and deducting foreign taxes, the net income for the period was $173,500.

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    The income statement shows total external sales of $1,000,000 with a gross margin of $200,000 after deducting total costs of $800,000. Total operating expenses were $15,500 including provisions, commissions, selling costs, and administrative costs. This resulted in operating income of $173,500. After adding other income items and foreign exchange gains and deducting foreign taxes, the net income for the period was $173,500.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xls, pdf, or txt
    21 views2 pages

    Profit & Loss Grouping

    Uploaded by

    Hossam Al-Abraq
    The income statement shows total external sales of $1,000,000 with a gross margin of $200,000 after deducting total costs of $800,000. Total operating expenses were $15,500 including provisions, commissions, selling costs, and administrative costs. This resulted in operating income of $173,500. After adding other income items and foreign exchange gains and deducting foreign taxes, the net income for the period was $173,500.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
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    of 2

    INCOME STATEMENT

    1040001 External Sales 1,000,000.00


    21999 Total Cos 800,000.00
    22999 Gross Margin At Std 200,000.00
    1489903 Provision for 1st Year Warranty 6,000.00
    1439902 Obsolete / Dormant Stores
    14950 Commission Expense 5,000.00
    23099 Total Direct Costs 11,000.00
    23100 Direct Margin 189,000.00
    15499 Selling 10,000.00
    1589901 General and Administrative 5,000.00

    25999 Total SGA 15,000.00


    1589902 Provision for Bad Debt 500.00
    26989 Total Operating Expenses 15,500.00
    26999 Operating Income 173,500.00
    11299 Royalties External
    1179901 Dividends - External Inc/(Exp)
    13250 Commissions - Other External
    13100 Disposal of Fixed Assets
    13500 Foreign Exchange - Realized 1,000.00
    1380001 Other Income/(Deductions) 5,000.00
    13650 Foreign Exchange - Unrealized
    13010 Financing Revenues and other inc - deduc 6,000.00
    41182 Operating Profit (EBIT) 179,500.00
    1489912 Legal Mgmt Fee (Non-US) - Exp/(Inc)
    1239901 Interest Income - Other Non-US
    12199 Interest Income - Intercompany 5,000.00
    1688901 Interest Expense - Other
    16999 Net Income Before TMI
    17299 Foreign Taxes 1,000.00
    19999 Net Income 173,500.00
    Cost of Material Plus Freight, Customs duty etc before bringing to warehouse

    Indirect Cost of Sales after bringing to Warehouse

    Indirect Cost of Sales after bringing to Warehouse

    Expenses like Salary, Telephone, Rent Etc of Sales Department


    Expenses like Salary, Telephone, Rent Etc of Support Department Like Administration,
    Finance
    Total Expenses of Sales Dept and Support Department
    Accounts Receivable not Collected for a Long Time for Example 1 year or more

    Impact of revaluation of Accounts Receivable, Payable, Bank


    Income from Non Routine Operations, Like Commission received (OID)

    Earnings Before Interest & Taxes

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