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