Profit and Loss
Example profit and loss account
Description
Amount (£)
Revenue
£250,000
Cost of Goods Sold (COGS)
£60,000
Gross Profit
£190,000
Operating Expenses - Veterinarian Salaries
£80,000
- Rent
£20,000
- Utilities
£5,000
- Medical Supplies
£10,000
- Marketing
£7,000
- Depreciation
£3,000
Total Operating Expenses
£125,000
£65,000
Operating Profit (EBIT)
Other Income/Expenses - Interest Income
£500
- Investment Loss
£200
£65,300
Net Profit Before Tax
£13,000
Tax Expense
Net Profit After Tax
£52,300
Future Practice Owner.
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