SALALAH MILLS CO (S.A.O.G) STATEMENT OF INCOME FOR THE PERIOD ENDED AS OF 31 MAR 2021 31/03/2021 31/03/2020 RO. RO. Revenue 15,043,728 14,420,602 Cost of revenue (12,748,055) (12,203,355) Gross profit 2,295,673 2,217,247 Administrative and general expenses (925,848) (1,000,419) Selling and promotion expenses (25,405) (19,148) Other Income 17,672 22,501 Net financing costs (63,640) (144,521) Profit for the year before taxation 1,298,452 1,075,660 Provision for taxation (187,013) (161,349) Profit for the period 1,111,439 914,311 Basic earnings per share 0.022 0.018
SALALAH MILLS CO (S.A.O.G) STATEMENT OF INCOME FOR THE PERIOD ENDED AS OF 31 MAR 2021 31/03/2021 31/03/2020 RO. RO. Revenue 15,043,728 14,420,602 Cost of revenue (12,748,055) (12,203,355) Gross profit 2,295,673 2,217,247 Administrative and general expenses (925,848) (1,000,419) Selling and promotion expenses (25,405) (19,148) Other Income 17,672 22,501 Net financing costs (63,640) (144,521) Profit for the year before taxation 1,298,452 1,075,660 Provision for taxation (187,013) (161,349) Profit for the period 1,111,439 914,311 Basic earnings per share 0.022 0.018
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Solve this income statement by vertical analysis :
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 1 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education