XYZ Company Limited

Income Statement for the year ended on 31st December 2015

Particulars Amount Amount Amount Amount Amount Amount

Sales xxxxx
Less: Cost of goods sold
Opening Stock of Raw Material (RM) xxxx
(+) Purchase of RM xxxx
(+) Carriage inwards xxxx
Total purchase cost xxxx
(-) Return xxxx
Total purchase cost for the period xxxx
Total RM available for production xxxx
(-) Closing stock of RM xxxx
Total RM used in production xxxx
(+) Direct Labour xxxx
Prime Cost xxxx
Factory Overhead xxxx
Total production cost for the period xxxx
(+) Opening Stock of W-I-P xxxx
(-) Closing Stock of WIP xxxx
Total Cost of Goods Manufactured xxxx
(+) Opening Stock of Finished Goods xxxx
Total cost of Goods available for Sale xxxx
(-) Closing Stock of Finished Goods xxxx
Cost of Goods Sold xxxxx
Gross Margin on Sales xxxxx
Less: Operating Expenses
Marketing Expenses:
- Advertisement xxxx
- Bad debts xxxx
- Carriage outwards xxxx
- Sales award xxxx
Total Marketing Expenses xxxx
Administrative expenses
- Salary (+ outstanding - advance)
- Depreciation of Office Furniture
- Office stationery
- Rent
Total Administrative Expenses xxxx
Total Operating Expenses xxxxx
Operating Profit xxxxx
Less: Other Miscellaneous Exp. (xxxxx)
(Interest, bank charge, Loss on sale of Fixed Asset)
Add: Other Miscellaneous income xxxxx
(Interest income, Gain on sale of Fixed Asset)
Profit before Tax xxxxx
Income Tax @ ….% xxxxx
Profit after Tax xxxxx
 XYZ Company Limited
Financial Position as on 31st December 2015

Particulars Amount Amount Amount Amount

Non Current Assets:
Land xxxx
Building xxxx
Plant & Machinery xxxx
Furniture xxxx
Investment xxxx
Computer, Server and other IT Assets xxxx
Total Non-current Assets xxxxx

Current Assets:
Inventories xxxx
Trade Receivables xxxx
Prepaid expenses xxxx
Outstanding income (rent, interest, commission etc.) xxxx
Cash in hand xxxx
Cash at Bank xxxx
Total Current Assets xxxxx
Total Assets xxxxx

Non Current Liabilities

Capital xxxx
(-) Drawings (xxxx)
(+) Profit after Tax xxxx
Owner's Equity xxxxx
Loan xxxxx
Total non-current Liabilities xxxxx

Current Liabilities
Trade payables xxxx
Bank overdraft xxxx
Outstanding expenses (Interest, Rent, other accrued exp.) xxxx
Advance Income xxxx
Income Tax Payable xxxx
Total current Liabilities xxxxx
Total Liabilities xxxxx
 XYZ Company Limited
Financial Position as on 31st December 2015

Particulars Amount Amount Amount Amount

Non Current Assets:
Land xxxx
Building xxxx
Plant & Machinery xxxx
Furniture xxxx
Investment xxxx
Computer, Server and other IT Assets xxxx
Total Non-current Assets xxxxx

Current Assets:
Inventories xxxx
Trade Receivables xxxx
Prepaid expenses xxxx
Outstanding income (rent, interest, commission etc.) xxxx
Cash in hand xxxx
Cash at Bank xxxx
Total Current Assets xxxxx
Total Assets xxxxx

Non Current Liabilities

Capital xxxx
(-) Drawings (xxxx)
(+) Profit after Tax xxxx
Owner's Equity xxxxx
Loan xxxxx
Total non-current Liabilities xxxxx

Current Liabilities
Trade payables xxxx
Bank overdraft xxxx
Outstanding expenses (Interest, Rent, other accrued exp.) xxxx
Advance Income xxxx
Income Tax Payable xxxx
Total current Liabilities xxxxx
Total Liabilities xxxxx