Let's see how the Income Statement (or Profit & Loss Statement) can be structured depending on the type of company/business!
1. 🏭 Manufacturing Company:
- Revenue (Sales)
- Cost of Goods Sold (COGS)
- Gross Profit
- Operating Expenses
- Operating Income (or Loss)
- Other Income and Expenses
- Net Income (or Loss)
2. 🏦 Financial Institution (e.g., Bank):
- Interest Income
- Interest Expenses
- Net Interest Income
- Non-Interest Income
- Non-Interest Expenses
- Net Income
3. 🍔 Restaurant Chain:
- Sales Revenue
- Cost of Goods Sold (Food and Beverages)
- Gross Profit
- Operating Expenses
- Operating Income
- Other Income (e.g., Franchise Fees)
- Net Income
4. 🏗️ Construction Company:
- Contract Revenue
- Cost of Goods Sold (Construction Costs)
- Gross Profit
- Operating Expenses
- Operating Income
- Other Income (e.g., Government Grants)
- Net Income
5. 📱 Technology Company:
- Product and Service Sales
- Cost of Goods Sold (COGS)
- Gross Profit
- Research and Development Expenses
- Sales and Marketing Expenses
- General and Administrative Expenses
- Operating Income
- Other Income (e.g., Licensing Fees)
- Net Income
6. 🏨 Hospitality (Hotel) Chain:
- Room Revenue
- Food and Beverage Revenue
- Other Operating Revenue
- Operating Expenses
- Operating Income
- Other Income (e.g., Rental Income)
- Net Income
7. 🚚 Transportation and Logistics Company:
- Transportation Revenue
- Cost of Transportation
- Gross Profit
- Operating Expenses
- Operating Income
- Other Income (e.g., Freight Brokerage)
- Net Income
8. 🌿 Sustainable Energy Company:
- Energy Sales Revenue
- Cost of Energy Production
- Gross Profit
- Research and Development Expenses
- Operating Expenses
- Operating Income
- Other Income (e.g., Government Subsidies)
- Net Income
9. 📺 Media and Entertainment Company:
- Advertising Revenue
- Subscription Revenue
- Content Production Costs
- Operating Expenses
- Operating Income
- Other Income (e.g., Licensing and Merchandising)
- Net Income
10. 🏬 Retail Store Chain:
- Sales Revenue
- Cost of Goods Sold (COGS)
- Gross Profit
- Operating Expenses
- Operating Income
- Other Income (e.g., Rent from Leased Space)
- Net Income
FIND OUT MORE IN OUR GUIDES!
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