Example using "Normalization" on an Individual's "Income Statement" and "Balance Sheet"

Thanks to Jane Doe provided this material at http://www.image-management.com/finance/Sample Individual Income Statement & Balance S

Normalized Personal Income Statement

Note: This is similar (NOT identical) to what you will do when you normalize your company's income statement and balance sheet

Year 2008 Information Year 2007 Infor

Monthly Monthly
Average Annual Normalized Average
Income:
Basic Salary - #DIV/0!
Bonus/OT - #DIV/0!
Stock Profit Gain - #DIV/0!
Share Buyback - #DIV/0!
Share Dividend - #DIV/0!
Car Park Rental Income - #DIV/0!
House Rental Income - #DIV/0!
- #DIV/0!
- #DIV/0!
- #DIV/0!
General and Miscellaneous - #DIV/0!
GROSS PROFIT - - #DIV/0! -

Expenses/Taxes:
Future Investment Savings/Opportunity - #DIV/0!
Income Tax/PCB Deduction - #DIV/0!
EPF Deduction - #DIV/0!
SOCSO Deduction - #DIV/0!
Medical Plan Deduction - #DIV/0!
House Loan Payable - #DIV/0!
Study Loan Payable - #DIV/0!
Apartment Maintenance Fee - #DIV/0!
Broadband access + fixed line - #DIV/0!
Handphone reload - #DIV/0!
Electricity bill - #DIV/0!
Petrol - #DIV/0!
Shopping - #DIV/0!
Credit Cards - #DIV/0!
Food and beverage - #DIV/0!
Family support (Parents) - #DIV/0!
Travel to Hometown - #DIV/0!
Car Maintenance Fee - #DIV/0!
Insurance - #DIV/0!
Medical - #DIV/0!
Educational Fund - #DIV/0!
Annual Travel Reservation - #DIV/0!
- #DIV/0!
- #DIV/0!
- #DIV/0!
General and Miscellaneous - #DIV/0!
TOTAL EXPENSES - - #DIV/0! -
 Example using "Normalization" on an Individual's "Income Statement" and "Balance Sheet"

NET INCOME - - #DIV/0! -

Normalized Personal Balance Sheet

Assets
Current Assets:
Cash/FD/Current Account Balance #DIV/0!
Securities/Stocks/Unit Trusts/Bonds #DIV/0!
EPF/Retirement Plans #DIV/0!
Food/Personal #DIV/0!
TOTAL CURRENT ASSETS - #DIV/0!

Fixed Assets:
Car #DIV/0!
Other Insurable Assets #DIV/0!
Household Property #DIV/0!
House #DIV/0!
TOTAL FIXED ASSETS - #DIV/0!
TOTAL ASSETS - #DIV/0!

Liabilities & Equity:

Liabilities:
Credit Card/Other debt #DIV/0!
Student Loan #DIV/0!
Car Loan #DIV/0!
House Mortgage Balance 125,000 #DIV/0!
TOTAL LIABILITIES 125,000 #DIV/0!

Equity: (125,000) #DIV/0!

TOTAL LIABILITIES & EQUITY - #DIV/0!
 Example using "Normalization" on an Individual's "Income Statement" and "Balance Sheet"

e Statement & Balance Sheet.xls

Year 2007 Information

% Increase
Annual Normalized Annual

- #DIV/0!
- #DIV/0!
- #DIV/0!
- #DIV/0!
- #DIV/0!
- #DIV/0!
- #DIV/0!
- #DIV/0!
- #DIV/0!
- #DIV/0!
- #DIV/0!
- #DIV/0!

- #DIV/0!
- #DIV/0!
- #DIV/0!
- #DIV/0!
- #DIV/0!
- #DIV/0!
- #DIV/0!
- #DIV/0!
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- #DIV/0!
- #DIV/0!
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- #DIV/0!
- #DIV/0!
- #DIV/0!
- #DIV/0!
- #DIV/0!
- #DIV/0!
- #DIV/0!
 Example using "Normalization" on an Individual's "Income Statement" and "Balance Sheet"

- #DIV/0!

#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
- #DIV/0!

#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
- #DIV/0!
- #DIV/0!

#DIV/0!
#DIV/0!
#DIV/0!
135,000 #DIV/0! -7.41%
135,000 #DIV/0! -7.41%

(135,000) #DIV/0! -7.41%

- #DIV/0!
Thanks to jasonln provided this material at http://www.scribd.com/doc/2630/Sample-Income-Statement.

Incomes January February March April May June July August September October November December Average Total
Basic Salary - -
Bonus/OT - -
Stock Profit Gain - -
Share Buyback - -
Share Dividend - -
Car Park Rental Income - -
House Rental Income - -
- -
- -
- -
General and Miscellaneous - -
GROSS PROFIT - - - - - - - - - - - - - -

Expenses January February February April May June July August September October November December Average Total
Future Investment Savings/Opportunity - -
Income Tax/PCB Deduction - -
EPF Deduction - -
SOCSO Deduction - -
Medical Plan Deduction - -
House Loan Payable - -
Study Loan Payable - -
Apartment Maintenance Fee - -
Broadband access + fixed line - -
Handphone reload - -
Electricity bill - -
Petrol - -
Shopping - -
Credit Cards - -
Food and beverage - -
Family support (Parents) - -
Travel to Hometown - -
Car Maintenance Fee - -
Insurance - -
Medical - -
Educational Fund - -
Annual Travel Reservation - -
- -
- -
- -
General and Miscellaneous - -
TOTAL EXPENSES - - - - - - - - - - - - - -

NET INCOME - - - - - - - - - - - - - -