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MFJO Income Statement

The income statement shows the MFJO STORE's revenues, costs, expenses and profits for the years 2023, 2022 and 2021. Revenues increased each year while costs and expenses also rose. The net income increased substantially from 2022 to 2023 and from 2021 to 2022.

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31 views1 page

MFJO Income Statement

The income statement shows the MFJO STORE's revenues, costs, expenses and profits for the years 2023, 2022 and 2021. Revenues increased each year while costs and expenses also rose. The net income increased substantially from 2022 to 2023 and from 2021 to 2022.

Uploaded by

asd
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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MFJO STORE

INCOME STATEMENT
For the year ended December 31, 2023

2023 2022 2021

GROSS SALES ₱ 63,329,186.34 ₱ 40,629,331.15 ₱ 35,329,853.17


Less: Cost of Sales -₱ 50,663,349.07 -₱ 32,503,464.92 -₱ 28,263,882.54
GROSS PROFIT ₱ 12,665,837.27 ₱ 8,125,866.23 ₱ 7,065,970.63

OPERATING EXPENSES
Salaries and Wages ₱ 334,000.00 ₱ 300,000.00 ₱ 286,000.00
Communication, Light & Water ₱ 168,000.00 ₱ 140,000.00 ₱ 140,000.00
Depreciation ₱ 80,000.00 ₱ 80,000.00 ₱ 80,000.00
SSS,Philhealth & Pag ibig ₱ 29,500.00 ₱ 26,000.00 ₱ 25,000.00
Repair and Maintenace ₱ 269,000.00 ₱ 220,000.00 ₱ 200,000.00
Professional Fee ₱ 12,000.00 ₱ 12,000.00 ₱ 12,000.00
Transportaion and Travel ₱ 180,000.00 ₱ 210,000.00 ₱ 200,000.00
Fuel and Oil ₱ 143,000.00 ₱ 100,000.00 ₱ 98,000.00
Miscellaneous ₱ 829,300.00 ₱ 710,000.00 ₱ 650,000.00
Insurance ₱ 45,994.00 ₱ 45,994.00 ₱ 45,994.00
Representation ₱ 150,000.00 ₱ 150,000.00 ₱ 150,000.00
Taxes and Licences ₱ 91,700.00 ₱ 88,000.00 ₱ 85,000.00
TOTAL OPERATING EXPENSES ₱ 2,332,494.00 ₱ 2,081,994.00 ₱ 1,971,994.00

Net Income ₱ 10,333,343.27 ₱ 6,043,872.23 ₱ 5,093,976.63

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