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please explain the result of income statement that provided in image below

please explain the result of income statement that provided in image below

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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please explain the result of income statement that provided in image below

Historical Results Forecast Period Income Statement 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Net Sales 177,082 182,850 181,823 192,342 181,520 184,159 184,748 185,671 183,779 184,308 Other operating revenues Total revenues Cost of Goods Sold Gross profit 636 406 519 2,129 1,427 2,095 183,615 1,149 1,251 1,591 1,507 177,718 183,256 182,342 194,471 185,307 185,999 187,098 185,369 185,815 98,056 99,748 98,404 106,964 100,804 101,354 101,553 102,217 101,519 101,675 79,662 83,508 83,938 87,507 82,811 83,954 84,445 84,882 83,850 84,140 Expenses & Other Income Administrative expenses Selling expenses 7,423 7,693 7,999 8,427 7,891 7,887 7,979 8,037 8,044 7,968 48,039 50,351 49,925 52,110 48,553 49,796 50,147 50,106 50,142 49,749 Other income 1,281 1,542 569 1,890 1,494 1,355 1,370 1,336 1,489 1,409 Other expenses 5,093 32,899 2,450 4,380 6,904 1,230 5,105 9,985 10,964 6,577 7,402 8,007 Interest expense 7,471 8,777 7,568 7,894 7,862 7,809 7,683 7,582 7,742 Interest income 715 791 1,004 1,047 957 1,006 1,049 1,058 1,023 ForEx loss, net 1,792 788 277 330 4 - 321 27 - 190 173 - 142 Loss (gain) on monetary pos. for sub 2,417 1,590 212 221 376 963 672 489 544 609 Market value gain on FI 51 246 314 288 212 103 134 - 210 190 170 Total Expenses 65,354 94,763 66,748 69,098 66,734 72,679 74,012 69,930 70,442 70,736 Income before tax & share of profit 14,308 - 11,255 17,190 18,409 16,077 11,275 10,433 14,951 13,409 13,404 Income taxes 3,928 4,184 5,260 5,648 5,428 3,601 3,425 4,779 4,322 4,362 Share of profit to assoc and joint vent. Net income after tax from disc ops Consolidated net income 147 60 226 131 281 86 - 133 - 171 160 166 3,366 10,527 - 15,379 15,070 12,630 10,368 7,588 6,875 10,001 8,926 8,876
Transcribed Image Text:Historical Results Forecast Period Income Statement 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Net Sales 177,082 182,850 181,823 192,342 181,520 184,159 184,748 185,671 183,779 184,308 Other operating revenues Total revenues Cost of Goods Sold Gross profit 636 406 519 2,129 1,427 2,095 183,615 1,149 1,251 1,591 1,507 177,718 183,256 182,342 194,471 185,307 185,999 187,098 185,369 185,815 98,056 99,748 98,404 106,964 100,804 101,354 101,553 102,217 101,519 101,675 79,662 83,508 83,938 87,507 82,811 83,954 84,445 84,882 83,850 84,140 Expenses & Other Income Administrative expenses Selling expenses 7,423 7,693 7,999 8,427 7,891 7,887 7,979 8,037 8,044 7,968 48,039 50,351 49,925 52,110 48,553 49,796 50,147 50,106 50,142 49,749 Other income 1,281 1,542 569 1,890 1,494 1,355 1,370 1,336 1,489 1,409 Other expenses 5,093 32,899 2,450 4,380 6,904 1,230 5,105 9,985 10,964 6,577 7,402 8,007 Interest expense 7,471 8,777 7,568 7,894 7,862 7,809 7,683 7,582 7,742 Interest income 715 791 1,004 1,047 957 1,006 1,049 1,058 1,023 ForEx loss, net 1,792 788 277 330 4 - 321 27 - 190 173 - 142 Loss (gain) on monetary pos. for sub 2,417 1,590 212 221 376 963 672 489 544 609 Market value gain on FI 51 246 314 288 212 103 134 - 210 190 170 Total Expenses 65,354 94,763 66,748 69,098 66,734 72,679 74,012 69,930 70,442 70,736 Income before tax & share of profit 14,308 - 11,255 17,190 18,409 16,077 11,275 10,433 14,951 13,409 13,404 Income taxes 3,928 4,184 5,260 5,648 5,428 3,601 3,425 4,779 4,322 4,362 Share of profit to assoc and joint vent. Net income after tax from disc ops Consolidated net income 147 60 226 131 281 86 - 133 - 171 160 166 3,366 10,527 - 15,379 15,070 12,630 10,368 7,588 6,875 10,001 8,926 8,876
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