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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

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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Solve this income statement by vertical analysis :

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
Transcribed Image Text: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
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