Income Statement Pdf Notes

The other key thing at the top of the income statement is to tell you whether the amounts shown are actual dollars down to the penny or whether these are truncated numbers.

Income statement pdf notes. Expenses 150 000 operating income 200 000 other income expense. Each income statement spans a full year in this case from january 1 to december 31. The profit or loss is determined by taking all revenues and subtracting all expenses from both operating and non operating activities this statement is one of three statements used in both corporate finance including financial modeling and accounting. Share of profit of associates.

An open ing or beginning balance sheet on december 31 of the previous year. Interest for the period 1 1 2007 to 30 9 2008 shall be capitalised and interest for the period 1 10 2008 to 31 12 2008 shall be charged to income statement. How much of the interest shall be capitalised means included in the cost of the plant and how much shall be charged to the income statement. Purple co silver co revenue 79 300 29 900 cost of sales 54 990 17 940 gross profit 24 310 11 960 purple co had made sales to silver co during the year of 5 000.

1there is no interest income so net interest expenses are equal to interest expenses. Be used to report income statement information. The period can be a quarter if it is a quarterly income statement or a year if it is an annual report. However at a minimum the following items are required to be presented on the income statement.

The next is the income statement shown in figure 3 2 which provides information on the revenues and expenses of the firm and the resulting income made by the firm during a period. At the top of the income statement the first thing you will notice is that it tells you what period the information is for typically a month a quarter or a year. Special item lawsuit settlement 125 000. Notes to the financial statements for the year ended june 30 2002 unaudited see notice to reader 3.

Two balance sheets flank an income statement. 40 finance for executives 1998 1999 and 2000. The income statement is one of a company s core financial statements that shows their profit and loss over a period of time. Notes to the income statement 8 revenue all figures in pm 000 2016 2015 old age provision 221 480 215 738 mealth management 166 360 165 982 non life insurance 105 626 54 878 health insurance 45 777 45 918 loans and mortgages 15 433 16 186 other commission and fees 15 414 15 579 total commission income 5 0 090 514 2 2 nterest income 20 469 21 369 total 590 559 535 651 other commission and.

Income statement year ended december 31 2017 sales 1 000 000 cost of goods sold 550 000 gross profit 450 000 research and development expense 100 000 selling general and admin.