ABC LTD

INCOME STATEMENT FOR THE YEAR ENDED 31/12/

£

£

Revenue

x

Cost of sales

(x)

Gross profit

x

Other incomes (e.g. investment income)

x

x

Expenses

Distribution costs

x

Administration costs

x

Other expenses

x

Finance costs

x

(x)

Profit before

x

Income tax expense

(x)

Profit for the period

xx

a)      By Nature

ABC LTD

INCOME STATEMENT FOR THE YEAR ENDED 31/12/

£

£

Revenue

x

Other incomes

x

x

Expenses

Raw materials consumed

x

Changes in finished goods and work in progress

x

Depreciation and armortisation

x

Employee benefits

x

Other expenses

x

Finance costs

x

(x)

Profit before tax

x

Income tax expenses

(x)

Profit for the period

xx