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CONTENTS Corporate Profile2Vision & Mission Statement4Notice of Annual General Meeting6Chairmans Review13Directors Report15Pattern of Holding of the Shares31Statement of Compliance with the Code of
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How to fill out statement of profit or
How to fill out statement of profit or
01
To fill out a statement of profit or loss, follow these steps:
02
- Start with the heading, which includes the name of the company, the statement title, and the reporting period.
03
- List all the revenues earned during the reporting period. This can include sales revenue, service revenue, interest income, or any other sources of income.
04
- Deduct the cost of goods sold to calculate the gross profit. This should include the expenses directly related to the production or acquisition of the goods or services sold.
05
- List all the operating expenses, such as salaries, rent, utilities, advertising, etc.
06
- Subtract the total operating expenses from the gross profit to calculate the operating profit.
07
- Include any non-operating income or expenses, such as interest income, interest expense, or gains/losses from investments or asset sales.
08
- Subtract the non-operating expenses from the operating profit to calculate the net profit before tax.
09
- Deduct the income tax expense to calculate the net profit or loss after tax.
10
- Finally, present the net profit or loss after tax as the bottom line of the statement.
11
Make sure to review the statement for accuracy and compliance with accounting standards before finalizing it.
Who needs statement of profit or?
01
Statement of profit or loss is required by various stakeholders including:
02
- Shareholders or owners of the company to assess the financial performance and profitability.
03
- Potential investors or creditors to evaluate the company's financial health and ability to generate profits.
04
- Government authorities or regulatory bodies for tax assessment and compliance.
05
- Managers or executives for internal decision-making and performance evaluation.
06
- Financial analysts or consultants for conducting a thorough financial analysis.
07
- Lenders or banks while assessing the creditworthiness of the company.
08
- Potential business partners or acquirers for due diligence purposes.
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What is statement of profit or?
The statement of profit or is a financial document that shows a company's revenues, expenses, and profits over a specific period of time.
Who is required to file statement of profit or?
All businesses, including sole traders, partnerships, and corporations, are required to file a statement of profit or.
How to fill out statement of profit or?
To fill out a statement of profit or, you need to list all the revenue earned by the business, deduct all expenses incurred, and calculate the resulting profit or loss.
What is the purpose of statement of profit or?
The purpose of a statement of profit or is to provide an overview of a company's financial performance and help stakeholders make informed decisions.
What information must be reported on statement of profit or?
The statement of profit or must include details of revenue, expenses, profits, and losses for the period being reported.
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