Essay
Unit 2 - P5
- Module
- Unit 2 - Business Resources
- Institution
- PEARSON (PEARSON)
interpret the contents of a trading and profit and loss account and balance sheet for a selected company
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Statement of comprehen- 2016-17 2017-18sive income for L'Orchidee
Revenue 1 221,910 2,209,834
Cost of sales 141,689 311,326
Gross Profit 1,080,221 1,898,508
Labour cost 452,999 690,247
Property and other operat- 585,141 1,025,272
ing costs
Total Expenses 1,038,140 1,715,519
Operating profit 42,081 182,989
Miscellaneous Payments 53,294 77,134
Profit for the year before (11,213) 105,855
tax
Statement of financial posi- 2016-17 2017-18
tion for L'Orchidee
Non-current assets 214,070 307,810
Inventory 25,481 41,730
Receivables 102,102 110,227
Cash and cash equivalents 164,798 220,168
Current Assets 292,381 372,125
Overdraft 0 0
Payables 39,491 55,902
Other current liabilities 146,443 191,987
Total current liabilities 185,934 247,889
Net-Current Assets 106,447 124,236
Non-current liabilities 143,000 143,000
Net Assets 177,517 289,046
Total liabilities 328,934 390 889
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