-
Statement of Comprehensive Income
- Sales
- Cost of Sales
- Gross Profit
- Other Operating Income
- Less: Distribution Costs
- Administrative Expenses
- Operating Profit
- Less: Other Expenses
- Profit before Interest and Tax
- Less: Finance Costs: Interest Paid
- Profit Before Tax
- Less: Corporate Tax Expense
- Profit for the Year
- Other Comprehensive Interest
- Gains or Losses on Property Revaluation
- Total Comprehensive Income for the year
-
Balance Sheet
- Non Current Assets: PPE, Investments, Intangibles
- Current Assets: Inventory, Other Current Assets, Receivables, Cash & Equivalents
- Total Assets
- Equity and Liabilities
- Equity
- Share Capital: Ordinary Shares
- Share Capital: Preference Shares
- Reserves: Share Premium Account
- Reserves: Revaluation Reserve
- Reserves: General Reserves
- Reserves: Retained Earnings
- Liabilities
- Non-Current Liabilities
- Borrowings
- Loan Notes, Debentures
- Current Liabilities
- Payables
- Accruals
- Corporation Tax Expense
- Overdraft
Total Equity and Liabilities
-
Manufacturing Account
- Direct Materials
- Opening Inventory
- Purchases (net of returns)
- Less: Closing
- =Raw Materials Used in Production
- Direct Labour
- Direct Expenses
- =Prime Cost
- Indirect Manufacturing Costs
- Indirect Wages
- General Factory Expense
- Total indirect manufacturing costs
- Manufacturing cost during the year (Prime + Indirect)
- Add: Opening Inventory of WIP
- Less: Closing Inventory of WIP
- Change in Inventory of WIP
Cost of Finished Goods Produced (Manu Cost +/- WIP)
-
Appropriation Statement
- Net Profit
- Add: Interest on Drawings
- Less: Salary
- Interest On Capital
- Residual Profit
- Share of Residual
- Total Allocation
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