You will need
- - accounting balance sheet (form №1);
- - report on profit and loss statement (form №2).
Summary results of financial and economic activities of the enterprise are contained in the financial statements: in form No. 1 balance shows the total amount of the accumulated profit or uncovered loss at the beginning and end of the reporting period and in the form No. 2 – statement of profit and loss – decoded initial data for the formation of the financial result. In addition, according to the form # 2 can be traced all types of income (gross, from sales, before tax, net) and determine the profitability of the organization.
Compare data from line 1370 "undistributed profit (uncovered loss)" of form No. 1 accounting balance: the excess of the rate on the reporting date over the value at the beginning of the year indicates a profitable activity of the enterprise during the reporting period. But the analysis on a particular date does not reflect the real picture, therefore, to determine profitability , consider the data at least 1 year, in 5 key dates.
The constant growth of the value of retained earnings indicates proper management of revenues and expenditures. The decline means a loss, even if it is expressed as a positive number. However, if at the beginning of the analyzed period, the value in row 1370 is negative, but in the course of the year tends to zero and above, it is possible to speak of a gradual exit of the enterprise from crisis and in profitable activities.
Basic information about the profits and losses of the company contained in the same report. Rate the overall financial result, the line 2400 "Net profit (loss)". Individual indicator reflects the result of financial and economic activities of the reporting date, therefore, the conclusions on the values of several periods, i.e. in dynamics.
To summarize the information compile an aggregated report on profits and losses in the form of a table: in the vertical field values list the report lines in the horizontal reporting date. If the results of any of the considered time intervals marked decline, analyze the formation of profit at each stage to find the source of loss.
To determine gross profit, subtract cost of sales from income from operating activities revenue from sale of goods, products, services, works, excluding VAT. Then calculate the profit from the sales, reducing the gross profit on the total amount of commercial and management costs.
Further, rate other income, including from participation in other organizations, such as subsidiaries and interest receivable. Add their sum to the value of the profits from sales, and then subtract interest payable and other expenses – you will receive a profit before tax.
To obtain the value of net profit or loss, calculate and subtract from the profit before taxation current profit tax tax penalties and, if necessary, to reflect changes in permanent tax assets and liabilities.
Advice 2: How to find the profit before tax
Profit before tax is the main value, which is defined for purposes of the statement of profit and loss statement form number 2. It consists of the company's income from sales after deduction of amounts nerealizovannyi and operating costs and revenues.
Calculate the sum of operating income and expenses, which reflect the receipts and payments of the enterprise, which are caused by business, industrial and financial transactions during the reporting period. Operating revenue revenue includes revenue from sales, the receipt of rental payments, interest on deposits and issued by the loan, fee and other receipts. Costs are characterized by cost of production, company management, taxes, interest payments on loans, sale of goods, etc.
Determine the amount nerealizovannyi income and expenses of the company. These include: the paid and received fines, penalties and other economic sanctions; interest and income derived from amounts held on Deposit and current accounts; exchange rate differences; written off receivables and payables; losses from natural disasters; litigation costs; profit and losses of previous years and so on.
Make nerealizovannyi and operating income and expenses in the appropriate lines 060, 070, 080, 090 and 100 of income statement and loss statement form number 2.
Calculate the profit or loss of the enterprise, received during the reporting period. Complete this report form # 2. In line 029, specify the gross revenue equal to the sum of the values specified on the credit score of 90.1 Revenue minus taxes, excise taxes, customs duties and the cost of goods sold. In line 030 made commercial enterprise costs, line 040 – management. After that, line 050 indicates the amount of the profit from sales, which is equal to the string 029 net of lines 030 and 040.
Find the profit before tax and enter the result in line 140 of the report. This requires the value of the string 050 to add a line 060, 080 and 090 and subtract lines 070 and 100.