Page 11 - Microsoft Word - 00 IWB ACCA F7.docx

Introduction to published accounts

2.2 Statement of profit or loss and other comprehensive income –
recommended format

XYZ Statement of profit or loss and other comprehensive income for the year
ended 31 March 20X9

$

Revenue X
Cost of sales (X)
––––––

Gross profit X

Distribution costs (X)
Administrative expenses (X)
––––––

Profit from operations X
Finance costs (X)

Investment income X
––––––

Profit before tax X
Income tax expense (X)

––––––
Profit for the year X

Other comprehensive income e.g. revaluation gains X
––––––

Total comprehensive income X
––––––

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