| Horizontal Analysis Income Statements | ||||||||
| For Periods | ||||||||
| Description | Period 2 | Period 1 | Variance | |||||
| Amount | Amount | Amount | Percentage | |||||
| INCOME | ||||||||
| Sales from sale of goods and services (Net of discounts) | 1,150.00 | 1,000.00 | 150.00 | 15.00% | ||||
| Returns & Allowances | - | 0.00% | ||||||
| Net Sales | 1,150.00 | 1,000.00 | 150.00 | 15.00% | ||||
| Other Operating Revenue | - | 0.00% | ||||||
| Other Income | - | 0.00% | ||||||
| Total Revenue | 1,150.00 | 1,000.00 | 150.00 | 15.00% | ||||
| EXPENSES | ||||||||
| Cost Of Goods Sold | 670.00 | 600.00 | 70.00 | 11.67% | ||||
| Salaries & Wages | - | 0.00% | ||||||
| Payroll Taxes | - | 0.00% | ||||||
| Employee Benefits Expense | - | 0.00% | ||||||
| Advertising | - | 0.00% | ||||||
| Professional Fees | - | 0.00% | ||||||
| Maintenance & Repairs | - | 0.00% | ||||||
| Utilities | - | 0.00% | ||||||
| Rent | - | 0.00% | ||||||
| Vehicle Expenses | - | 0.00% | ||||||
| Entertainment | - | 0.00% | ||||||
| Postage | - | 0.00% | ||||||
| Telephone & internet | - | 0.00% | ||||||
| Bank Fees | - | 0.00% | ||||||
| Credit Card Fees | - | 0.00% | ||||||
| Office Supplies | - | 0.00% | ||||||
| Computer Supplies | - | 0.00% | ||||||
| Insurance | - | 0.00% | ||||||
| Licenses & Permits | - | 0.00% | ||||||
| Business Taxes | - | 0.00% | ||||||
| Other Expenses | 280.00 | 250.00 | 30.00 | 12.00% | ||||
| Total Operating Expenses | 280.00 | 250.00 | 30.00 | 12.00% | ||||
| Total Expenses | 950.00 | 850.00 | 100.00 | 11.76% | ||||
| EARNINGS BEFORE INTEREST, TAX, DEPRECIATION AND AMORTIZATION | 200.00 | 150.00 | 50.00 | 33.33% | ||||
| Depreciation and Amortization Expense | - | 0.00% | ||||||
| Interest | 18.00 | 15.00 | 3.00 | 20.00% | ||||
| PROFIT BEFORE EXCEPTIONAL ITEMS AND TAX | 182.00 | 135.00 | 47.00 | 34.81% | ||||
| Exceptional Items | - | 0.00% | ||||||
| PROFIT BEFORE TAX | 182.00 | 135.00 | 47.00 | 34.81% | ||||
| Less : Tax Expense | ||||||||
| Current Tax | 40.00 | 30.00 | 10.00 | 33.33% | ||||
| Total Tax Expenses | 40.00 | 30.00 | 10.00 | 33.33% | ||||
| PROFIT AFTER TAX | 142.00 | 105.00 | 37.00 | 35.24% | ||||