Statement Of Comprehensive Income Format South Africa

Use the income statement template to compute your net income.

Statement of comprehensive income format south africa. O for cash flow statement purposes impairment or amortisation will be a non cash. Statement or statement of comprehensive income. A statement of comprehensive income contains two main things. At the bottom of this page you ll find a link to our income statement quiz 10 multiple choice questions which you can use to test yourself.

Xyz computer shop statement of financial performance for the year ended 28th february 20x9 20x9 20x8 sales revenue 440 560 435 000 less. While it is arrived at through the income statement the net profit is also used in both the balance sheet and the cash flow statement. This video covers a more comprehensive look at the statement of income comprehensive income at the intermediate financial accounting i level. Companies act of south africa act 71 of 2008.

The net income net income net income is a key line item not only in the income statement but in all three core financial statements. Statement of comprehensive income whenever ci is listed on the balance sheet the statement of comprehensive income must be included in the general purpose financial statements to give external users details about how ci is. It s a scorecard on the the income statement or profit and loss statement as it is also known reports the earnings of. In this tutorial we ll learn the purpose of this key accounting report and go over a simple income statement example to learn its format and components.

Financial performance is assessed by giving a summary of how the business incurs its revenues and. Condensed consolidated statement of profit and loss and other comprehensive income for the interim period ending 30 june 2016 reviewed 6 months ended 30 june 2016 group r 000 unaudited 6 months ended 30 june 2015 group r 000 audited 12 months ended 31 december 2015 group r 000 revenue 116 704 66 790 159 712 cost. 18 considerations other insta. The income statement is a simple and straightforward report on a business s cash generating ability.