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Income Statement
The following is an example of a Profit & Loss Statement also known as an
Income Statement. Click on any line item label and an explanation will be shown
in the small window in the center of the statement. This is a five year statement,
however, your first year's projections should show monthly figures, the second
year, quarterly and years three through five should show annual figures.
| 1999 | 2000 | 2001 | 2002 | 2003 |
| | | | | |
| Revenue: | | | | | |
| Product/service sales |
1,760,000 | 2,636,000 | 3,425,000 | 4,706,000 | 6,139,000 |
| Maintenance |
| | | | |
| Consulting Services |
| | | | |
| Royalties |
| | | | |
| Interest |
| | | | |
| Other |
| | | | |
| Total revenue |
$1,760,000 | $2,636,000 | $3,425,000 | $4,706,000 | $6,139,000 |
| |
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| Expenses: | |
| Cost of Goods Sold |
|
| Salaries |
600,000 |
| Production Expense |
190,000 |
| Other |
| | | | |
| Gross margin |
$970,000 | $1,496,000 | $1,980,000 | $2,974,000 | $3,914,000 |
| | | | | |
| Salaries |
755,000 | 830,000 | 974,000 | 1,345,000 | 1,805,000 |
| Operating Expense |
288,000 | 448,000 | 580,000 | 755,000 | 985,000 |
| Bad debt |
| | | | |
| Contributions |
| | | | |
| Depreciation |
0 | 0 | 0 | 0 | 0 |
| Loan Interest |
0 | 33,308 | 27,086 | 20,280 | 12,835 |
| Other |
| | | | |
| | | | | |
| Total Oper. Expenses |
$1,043,000 | $1,311,308 | $1,581,086 | $2,120,280 | $2,802,835 |
| | | | | |
| Pre-Tax Income |
$(73,000) | $184,692 | $398,914 | $853,720 | $1,111,165 |
| Pre-Tax (%) |
-4.15% | 7.01% | 11.65% | 18.14% | 18.10% |
| | | | | |
| Tax Provision |
0 | 46,173 | 99,729 | 213,430 | 277,791 |
| | | | | |
| Net Profit |
$(73,000) | $138,519 | $299,186 | $640,290 | $833,374 |
| Advice from Experts in Business Planning |
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