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Income statement
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==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 accounts, but it shows the most usual ones. Differences between [[IFRS]] and [[US GAAP]] would affect the interpretation of the following sample income statements. {{Pre| Fitness Equipment Limited INCOME STATEMENTS (in millions) Year Ended March 31, 2019 2020 2021 ---------------------------------------------------------------------------------- Revenue Β£14,580.2 Β£11,900.4 Β£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 Β£ 2,485.2 Β£ 1,697.9 Β£ 353.6 ''''' }} {{Pre| DEXTERITY INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (In millions) Year Ended December 31, 2019 2020 2021 ---------------------------------------------------------------------------------------------- [[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: [[SG&A|Selling, general and administrative expenses]] (4,142.1) (3,732.3) (3,498.6) [[Depreciation]] (602.4) (584.5) (562.3) [[Amortization (accounting)|Amortisation]] (209.9) (141.9) (111.8) [[Impaired asset|Impairment loss]] (17,997.1) β β ----------- ----------- ------------ 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 [[associate company|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) 4,461.4 2,486.4 }}
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