Sample Income Statement
The following income statement is a very brief example prepared in accordance with IFRS. It does not show all possible kinds of items appeared a firm, but it shows the most usual ones. Please note the difference between IFRS and US GAAP when interpreting the following sample income statements.
Fitness Equipment Limited INCOME STATEMENTS (in millions) Year Ended March 31, 2009 2008 2007 ---------------------------------------------------------------------------------- Revenue $ 14,580.2 $ 11,900.4 $ 8,290.3 Cost of sales (6,740.2) (5,650.1) (4,524.2) ------------- ------------ ------------ Gross profit 7,840.0 6,250.3 3,766.1 ------------- ------------ ------------ SGA expenses (3,624.6) (3,296.3) (3,034.0) ------------- ------------ ------------ Operating profit $ 4,215.4 $ 2,954.0 $ 732.1 ------------- ------------ ------------ Gains from disposal of fixed assets 46.3 - - Interest expense (119.7) (124.1) (142.8) ------------- ------------ ------------ Profit before tax 4,142.0 2,829.9 589.3 ------------- ------------ ------------ Income tax expense (1,656.8) (1,132.0) (235.7) ------------- ------------ ------------ Profit (or loss) for the year $ 2,485.2 $ 1,697.9 $ 353.6 DEXTERITY INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (In millions) Year Ended December 31, 2009 2008 2007 ---------------------------------------------------------------------------------------------- Revenue $ 36,525.9 $ 29,827.6 $ 21,186.8 Cost of sales (18,545.8) (15,858.8) (11,745.5) ----------- ----------- ------------ Gross profit 17,980.1 13,968.8 9,441.3 ----------- ----------- ------------ Operating expenses: Selling, general and administrative expenses (4,142.1) (3,732.3) (3,498.6) Depreciation (602.4) (584.5) (562.3) Amortization (209.9) (141.9) (111.8) Impairment loss (17,997.1) — — ----------- ----------- ------------ Total operating expenses (22,951.5) (4,458.7) (4,172.7) ----------- ----------- ------------ Operating profit (or loss) $ (4,971.4) $ 9,510.1 $ 5,268.6 ----------- ----------- ------------ Interest income 25.3 11.7 12.0 Interest expense (718.9) (742.9) (799.1) ----------- ----------- ------------ Profit (or loss) from continuing operations before tax, share of profit (or loss) from associates and non-controlling interest $ (5,665.0) $ 8,778.9 $ 4,481.5 ----------- ----------- ------------ Income tax expense (1,678.6) (3,510.5) (1,789.9) Profit (or loss) from associates, net of tax (20.8) 0.1 (37.3) Profit (or loss) from non-controlling interest, net of tax (5.1) (4.7) (3.3) ----------- ----------- ------------ Profit (or loss) from continuing operations $ (7,348.7) $ 5,263.8 $ 2,651.0 ----------- ----------- ------------ Profit (or loss) from discontinued operations, net of tax (1,090.3) (802.4) 164.6 ----------- ----------- ------------ Profit (or loss) for the year $ (8,439.0) $ 4,461.4 $ 2,815.6Read more about this topic: Income Statement
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