FORMATS OF INCOME STATEMENT, BALANCE SHEET & CASH FLOW

STATEMENT

XYZ COMPANY
INCOME STATEMENT
FOR THE YEAR ENDING 31ST DECEMBER 20XX
Rs. Rs.
Sales XXXXX
Less: Sales Return or Return Inward (XXX)
Net Sales XXXXX

Less: Cost of Goods Sold

(XXXX)
Gross Profit XXXXX

Less: Operating Expenses

Salaries and Wages XXX
Rent and Electricity XXX
Carriage/Freight Outward XXX
Insurance XXX
Business Rates XXX
Communication/ Advertising Expenses XXX
Fuel Charges etc XXX (XXXX)
Operating Profit (EBIT) XXXX

Less: Interest Expense (Finance Cost) (XXX)

Earning Before Tax XXX
Less: Taxes (XXX)

NET PROFIT (or Net Loss) XXXX

 XYZ COMPANY
BALANCE SHEET
AS AT 31ST DECEMBER 20XX
ASSETS RS. LIABILITIES & CAPITAL RS.

CURRENT ASSETS CURRENT LIABILITIES

Cash in Hand XXXX Accounts Payable XXXX
Cash at Bank XXXX Short term Loans XXXX
Marketable Securities XXXX Accruals XXXX
Inventory/Stock XXXX
Accounts Receivable NON-CURRENT LIABILITIES
Bonds XXXX
FIXED ASSETS XXXX Long Term Loans XXXX
Building XXXX
Premises/Land XXXX CAPITAL/OWNER’S EQUITY
Long Term Investments XXXX Capital (at start of year) XXXX
Equipment XXXX Add: Net Profit (or Less: Net Loss) XXXX
Fixtures, Fittings and Parts XXXX Less: Drawings (XXX) XXXX
Machines

TOTAL ASSETS XXXXX TOTAL LIABILITIES AND CAPITAL XXXXX

• Total Assets = Total Liabilities + Capital
 XYZ CO.
Cash Flow Statement (Indirect Method)
For the Year 20XX

Operating Activities

EBIT (Earnings before interest and tax)

Add: Depreciation/Amortization
Add: Loss on Sale of Fixed Assets
Less: Gain on Sale of Fixed Assets
= Adjusted Cash Flows

Add: Decrease in Current Assets

Less: Increase in Current Assets
Add: Increase in Current Liabilities
Less: Decrease in Current Assets
Less: Taxes Paid
Less: Interest Paid
=Cash Flow from Operating Activities

Investing Activities

Add: Decrease in Long Term Assets

Less: Increase in Long Term Assets
= Cash Flow from Investing Activities

Financing Activities

Add: Increase in Long Term Liabilities and Equity (Common & Preferred)
Less: Increase in Long Term Liabilities and Equity (Common & Preferred)
Less: Dividends Paid
= Cash Flow from Financing Activities

Add: Beginning Cash (Cash at year start)

= Ending Cash (Current Year-end Cash Balance)