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Chapter 20
Statement of profit and loss for the year ended 31 Dec
20X6 20X5
$000 $000
Revenue 3,200 2,990
Cost of sale (1,940) (1,905)
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Gross profit 1,260 1,085
Distribution costs (208) (195)
Admin expenses (373) (350)
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operating profit 679 540
Interest (104) (100)
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Profit before taxation 575 440
Taxation (80) (69)
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Profit after taxation 495 371
preference dividends (15) (15)
ordinary dividends (330) (225)
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Retained profit for the year 150 131
Share price ordinary shares ($) 1.55 1.30
Market value of loan notes ($) 106 104
Industry averages:
PE ratio 9 9
Average growth in EPS 20% 18%
ROE 12% 11%
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