Highlights
Profit and Loss
Financial year ending June 30, 2016
|
Income: |
|
|
Sales |
$800,000 |
|
Expenses: |
|
|
Electricity and gas |
$6,000 |
|
Internet |
$2,200 |
|
Office supplies |
$2,400 |
|
Rent |
$440,000 |
|
Stationary |
$2,600 |
|
Wages and salaries |
$250,000 |
|
Superannuation |
$23,750 |
|
Travel and accommodation |
$5,600 |
|
Water |
$5,300 |
|
Work cover insurance |
$4,000 |
|
Total cost of sales: |
$742,450 |
|
Gross Profit before tax |
$57,550 |
Exception report for 2016
In 2016 there was a variation in expected profit to actual profit by 20%. This was due to lower than expected student numbers in the first year of operation. In all other years, there were no significant variations in profit and loss.
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