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 <<

ABC Manufacturing

 

Income Statement

For 12 Months Ended December 31, 2002
 

 

Gross Revenue

     $             160,000

Sales & freight Income

Cost of Freight For Shipments

                    108,200

Total product cost.

Gross Margin

     $               51,800

 

 

 

 

Sales, Administrative & General Expense

     $                 5,200

Overhead costs

Depreciation Expense

                        1,200

Asset expense over time

Earnings Before Interest & Income Tax

     $               45,400

Known as EBITA

 

 

 

Interest Expense

     $                 3,100

Interest on debt

Earnings Before Income Tax

     $               42,300

Called pre-tax profit

 

 

 

Income Tax Expense

     $                 8,100

Ugh!

 

   

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:
 

Contact Us

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 03:19:45 PM

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