Statement of Profit & Loss

Consolidated income statement prepared under the 2024 reporting format. Amounts are in USD and rounded to the nearest dollar.

Gross Profit6,240,000

Operating Income1,120,000

Net Income695,000

#	Line item	FY 2024	FY 2023
Revenue
01	Revenue	12,480,000	11,150,000
02	Cost of Revenue	6,240,000	5,575,000
03	Gross Profit	6,240,000	5,575,000
Operating Expenses
04	Selling & Distribution Expenses	1,120,000	1,010,000
05	Marketing & Advertising Expenses	860,000	740,000
06	General & Administrative Expenses	1,540,000	1,460,000
07	Research & Development Expenses	980,000	920,000
08	Depreciation & Amortization	620,000	580,000
09	Total Operating Expenses	5,120,000	4,710,000
10	Operating Income (EBIT)	1,120,000	865,000
Non-Operating Income & Expenses
11	Interest Income	85,000	72,000
12	Interest Expense	(210,000)	(195,000)
13	Dividend Income	40,000	38,000
14	Other Income	35,000	30,000
15	Foreign Exchange Gain / (Loss)	(18,000)	(12,000)
16	Total Non-Operating Items	(68,000)	(67,000)
Income Tax
17	Income Before Income Tax	1,052,000	798,000
18	Current Income Tax	315,000	292,000
19	Deferred Income Tax	42,000	31,000
20	Total Income Tax Expense	357,000	323,000
21	Net Income	695,000	475,000
Earnings Per Share
22	Earnings Per Share (Basic)	2.78	2.51
23	Earnings Per Share (Diluted)	2.71	2.44

One-time items reported after row 23 in the 2024 format are omitted from this statement.

One-time entries after row 23 are excluded from this statement:Gain on disposal of property & equipment, One-time restructuring charge, Discontinued operations.