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Sample
Profit & Loss Form
For many
insurance coverages or bonds you will need to provide a detailed Financial
Statement. Here is a very basic P&L form that can serve as an example for you if
your accountant is not providing this information to you already.
>> begins sample form here <<
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ABC
Manufacturing |
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Income
Statement |
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For
12 Months Ended December 31, 2002
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Gross Revenue |
$ 160,000 |
Sales & freight Income |
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Cost
of Freight For Shipments |
108,200 |
Total product cost. |
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Gross Margin |
$ 51,800 |
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Sales, Administrative & General Expense |
$ 5,200 |
Overhead costs |
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Depreciation Expense |
1,200 |
Asset expense over time |
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Earnings Before Interest & Income Tax |
$ 45,400 |
Known as EBITA |
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Interest Expense |
$ 3,100 |
Interest on debt |
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Earnings Before Income Tax |
$ 42,300 |
Called pre-tax profit |
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Income Tax Expense |
$ 8,100 |
Ugh! |
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Net
income |
$ 34,200 |
Or net profit |
>>>
end of sample form <<<
If your current
insurer is not explaining and teaching what you need to protect your business,
please contact us for training, business or logistics coverages:
|
Debbie Miller
Customer Service -
Allcovered.net
Ocean Marine Division; Allen Insurance Group
Voice: +1.478.825.5566 Ext. 108
E-Fax: +1.419.715.4723
Email: debbie.miller@allcovered.net |
Last Updated
06/08/2009 02:19:45 PM
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