STAY COOL PTY LTD
Comparative Profit & Loss Statements
$
Year ended 30 June2005200420032002
Sales3,941,8343,792,2062,447,5621,619,544
Cost of goods sold2,928,8582,932,0282,036,1941,305,924
Gross profit1,012,976860,178411,368313,620
less Other expenses
Finance
Interest expense5,11710,39415,12218,658
Bad debts–916184
Other9,74210,8607,9826,578
14,85921,25424,02025,420
Employee expenses
Directors’ fees104,000104,0009,600-
Superannuation81,701154,124103,87690,164
Union fees–530948
Workcover38,48018,23621,38211,586
224,181276,360135,388102,698
Factory & office
Cleaning – offices/amenities1,848—
Hire of plant & equipment1,1172,7402,250604
Forklift rental8,032—
Tool replacement6,93613,7643,7583,628
Uniforms5,9177402,1381,074
Waste disposal3,3153,1763,6803,248
Repairs & maintenance19,1893,1483,6701,646
Rent & rates145,23452,65032,28030,116
191,58976,21847,77640,316
Administration
Accountancy fees26,29925,23214,34012,382
Advertising16,42412,48421,0844,776
Computer software6,0213,4807,818-
Freight & cartage50,70144,62025,13813,446
Insurance-7,2503,7862,976
Light & power7,0406,9105,2545,338
Other expenses9,94110,81210,23810,266
Motor vehicle expenses98,38475,60666,92259,052
Printing & stationery8,92010,1747,0665,112
Telephone30,14124,24223,95022,538
Travelling expenses4,7635,87210,4540
258,635226,682196,050135,886
Total other expenses689,264600,514403,234304,320
Other income
Profit/(loss) on sale of assets(31,525)4,398(5,610)(5,826)
Sundry revenue8,4276,5503,3741,628
(23,099)10,948(2,236)(4,198)
Net profit before tax300,613270,6125,8985,102
Income tax expense95,21892,86000
Net profit205,395177,7525,8985,102
