Page 18 - GROUP 3 NAKED HOTEL LIMITED ANNUAL REPORT

Financial Performance

Revenues for the financial year 2016 recorded an increase of 15.8% ($39,378) when
compared to last financial year. The largest portion of revenues (95%) came from guest intake.
Interest income, foreign exchange gain, dividend income and gain on disposal also contributed to
revenue. The data is depicted on Figure1 below.

Naked Hotel Limited
Gross Revenue

Guest Interest Income Foreign Exchange Gain
Dividend Income Gain on Disposal

Figure 1: Pie Chart depicting the Gross Revenue for the financial year ending December
31,2016.

Cost and expenses including bad debt and finance cost also increased by 16.6% ($28,273)
but not greater than the overall revenue. Consequently, resulting in 14.1%( $11,105) increase in
profit before taxation. Please see Figure 2 and 3 below for illustration.

Naked Hotel Limited
Comparison of Reveneues and Expenses

$198,942.00
2016
$288,700.00
Year
$170,669.00
2015
$249,322.00

$- $50,000.00 $100,000.00 $150,000.00 $200,000.00 $250,000.00 $300,000.00 $350,000.00
Amount

Cost and Expenses Revenue

Figure 2: Clustered Bar Chart comparing Gross Revenues and Cost and Expenses for current
year to prior year.

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