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Financial Statement of Deli

The deli's financial statements show increasing sales revenue and net income over the 3 years. Gross profit and retained earnings also increased each year. However, operating expenses grew faster than revenue. Cash flow was positive in all years due to financing activities like taking out loans and receiving capital investments.

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Bishowraj Pariyar
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523 views5 pages

Financial Statement of Deli

The deli's financial statements show increasing sales revenue and net income over the 3 years. Gross profit and retained earnings also increased each year. However, operating expenses grew faster than revenue. Cash flow was positive in all years due to financing activities like taking out loans and receiving capital investments.

Uploaded by

Bishowraj Pariyar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Deli

Income Statement
For the Year ended…

Particulars YEAR 1 YEAR 2 YEAR 3


Sales Revenue 3000000 3600000 4320000
Less: Cost of goods sold 750000 1050000 1260000
Gross Profit 2250000 2550000 3060000
Less: Operating expenses
Rent 450000 540000 648000
Salaries 750000 900000 1080000
Interest Expenses@10% 100000 80000 60000
Advertisement 200000 240000 288000
Depreciation on equipment 140000 140000 140000
Depreciation on furniture 100000 100000 100000

Operating expenses 1740000 2000000 2316000

Net Income Before Tax 510000 550000 744000


Less: Tax @25% 127500 137500 186000
Net Income After Tax 382500 412500 558000
Deli
Statement Of Retained Earning
For the Year ended…

Particulars YEAR 1 YEAR 2 YEAR 3


Beginning balance for retained earning 0 142500 255000
Add: Net income for the year 382500 412500 558000
Earnings available for dividend 382500 555000 813000
Less: Dividend paid 240000 300000 400000
Ending balance for retained earning 142500 255000 413000
Deli
Balance Sheet
For the Year ended…

Particulars Year 1 Year 2 Year 3


Assets:
Current Assets:
Cash Balance 982500 1135000 1483000
Account receivable 200000 200000 200000
Inventory 100000 50000
Property, Plant and Equipment
Equipment 1400000 1260000 1120000
Less: Depreciation 140000 140000 140000
Net Equipment 1260000 1120000 980000
Furniture 1000000 900000 800000
Less: Depreciation 100000 100000 100000
Net: Furniture 900000 800000 700000
Total Assets 3342500 3355000 3413000

Liabilities & Equity


Current liabilities
Account payable 200000 300000 400000
Total current liabilities 200000 300000 400000
Capital 2000000 2000000 2000000
Loan 1000000 800000 600000
Retained Earning 142500 255000 413000
Total liabilities & Equity 3342500 3355000 3413000
Deli
Statement of Cash Flow
For the Year ended…

PARTICULARS YEAR 1 YEAR 2


Cash Flow From Operating Expenses
1. Cash Collection From Customers
Sales Revenue 3000000 3600000
Decrease in Account Receivables -200000 0
2. Cash paid to Suppliers
Cost of goods sold -750000 -1050000
Increase in account payable 200000 100000
Inventory 0 -100000
3. Cash Paid for operating Expenses
Salary & Wages -750000 -900000
Rent -450000 -540000
Advertisement -200000 -240000
Interest Expenses@10% -100000 -80000
4. Tax Paid -127500 -137500
Net Cash Flow From Operating Expenses 622500 652500
Cash Flow From Investing Activities
Equipment -1400000 0
Furniture -1000000 0
Net Cash Flow from Investing Activities -2400000 0
Financing Activities
Capital 2000000 0
Loan 1000000 -200000
Dividend -240000 -300000
Net Cash Flow From Financing Activities 2760000 -500000
Net Cash Flow 982500 152500
Opening Cash 0 982500
Closing Cash Balance 982500 1135000
YEAR 3

4320000
0

-1260000
100000
50000

-1080000
-648000
-288000
-60000
-186000
948000

0
0
0

0
-200000
-400000
-600000
348000
1135000
1483000

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