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

Profit and Loss The Manly Surf and Wellness Shop
Profit and Loss
The Manly Surf and Wellness Shop
For the year ended 30 June 2019 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 33,500.00
Interest Expense 2,250.00
Motor Vehicle Expenses 18,796.67
Rent 15,458.33
Telephone & Internet 2,456.00
Wages and Salaries 207,500.00
Total Operating Expenses 312,156.00
Net Profit 250,344.00