Profit and Loss The Manly Surf and Wellness Shop For the 10

Profit and Loss The Manly Surf and Wellness Shop
Profit and Loss
The Manly Surf and Wellness Shop
For the 10 months ended 30 April 2019 JUL 2018-APR 2019
Trading Income
Revenue Yoga lessons 96,000.00
Revenue-Surf Lessons 242,000.00
Sales revenue- Clothing and merchendise 515,000.00
Total Trading Income 853,000.00
Cost of Sales
Cost of Goods Sold 290,500.00
Total Cost of Sales 290,500.00
Gross Profit 562,500.00
Operating Expenses
Accounting Fees 15,460.00
Advertising 9,000.00
Electricity 3,215.00
Freight & Courier 4,520.00
Insurance 22,333.00
Interest Expense 14,250.00
Motor Vehicle Expenses 18,796.67
Rent 28,708.33
Telephone & Internet 2,456.00
Wages and Salaries 207,500.00
Total Operating Expenses 326,239.00
Net Profit 236,261.00