FINANCIAL MANAGEMENT REPORT EXAMPLE
| TRADING PROFIT AND LOSS ACCOUNT |
| Y/E 31/12/2010 |
| Sales |
|
|
|
|
| |
- Livestock |
32,612 |
|
|
| |
- Crops |
|
|
|
| |
- Milk |
69,673 |
|
|
| |
- Wool/Eggs |
|
102,285 |
|
| ADD |
Closing Stocks |
123,480 |
225,765 |
|
| LESS |
Purchases |
|
|
|
| |
Opening Stocks |
118,294 |
|
|
| |
Fert, Seed, Spray |
11,972 |
|
|
| |
Purchased feed |
16,970 |
|
|
| |
Vet, Med + AI |
4,542 |
151,778 |
|
| |
|
|
73,987 |
|
| ADD |
Other Farm Income |
|
13,306 |
|
| |
Gross Farm Income
|
|
87,293 |
|
| Costs |
|
|
|
|
| |
Fuel |
730 |
|
|
| |
Machinery leasing |
7,238 |
|
|
| |
Contractor |
6,850 |
|
|
| |
Wages + Casual labour |
411 |
|
|
| |
Levies, Insurance, Transport |
4,337 |
|
|
| |
Milk quota leasing |
799 |
|
|
| |
Conacre. |
|
|
|
| |
Machinery Repairs |
1,931 |
|
|
| |
Building, land upkeep |
7,310 |
|
|
| |
Light, Power, Tel |
3,107 |
|
|
| |
Motor expenses |
7,092
|
|
|
| |
Interest |
279 |
|
|
| |
Machinery depreciation |
9,774 |
|
|
| |
Building, land depreciation |
1,394 |
|
|
| |
Miscellaneous |
5,329 |
|
|
| |
Total Costs |
|
56,581 |
|
| Profit(Loss) |
|
|
|
30,712 |
| |
Profit(Loss) adjusted for change in Livestock Valuations = €
29,025
To assess the management performance of the business during the year, the
profit (loss) is adjusted here for the change in Livestock values between the
opening and closing stocks.
|
| |
|
1. Breakdown of Other Farm Income |
|
Direct Payments |
Contracting Receipts |
Miscellaneous |
|
12,441 |
|
865 |
|
|
|
|
|
Direct Payments (Headage, subsidies) account for 40.5% of Net
Profit |
Continue on to the Balance Sheet
