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Profit and loss statement (P&L) |
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Profit and loss statement (P&L)A set of accounts, usually prepared annually, which depict a company's trading performance and are normally read in conjunction with the balance sheet and cash flow data. The profit and loss account can broadly be shown as follows:Turnover (sales) less manufacturing costs (or cost of sales if for example a retailing company) = gross profit or lossGross profit plus any non-trading income less operating costs = operating profit Operating profit less interest payments on bank loans or loan stock = profit before tax (pre tax profit)Pre-tax profit, less tax = net profit after taxPart of the net profit after tax may be used to pay a dividend with the balance being retained within the business for future investment.Similar MatchesUniform Settlement StatementUniform Settlement StatementThe Standard HUD Form 1 required to be given to the borrower, lender and seller at, or prior to, settlement. Disposition of Real Estate StatementDisposition of Real Estate StatementA statement that the buyer will occupy the property being purchased even though the buyer owns other property. The buyer states that the other property will be sold or rented. Particulars must be given as to any loan on the property and the equity or rent to payment amounts. Opportunity StatementOpportunity StatementA concise description of a process in need of improvement, its boundaries, and the general area of concern where a CQI Team should begin its efforts. Statement of Additional Information (SAI)Statement of Additional Information (SAI)A document provided as a supplement to a mutual fund prospectus. It provides more detailed information about fund policies, operations, and risks. Also known as a Part B prospectus. Completion statementCompletion statementA statement, prepared by the seller, stating exactly how much the buyer should be paying on completion. Further SuggestionsPurpose statementRedemption statement Pro forma statement statement of account Annual mortgagor statement Statement of condition Account statement Closing Statement Income statement (statement of operations) Offering statement Statement of Financial Accounting Standards No 8 Reinstatement Reinstatement Notes to the financial statements bank statement Statement of Financial Accounting Standards No 52 Reinstatement value Statement of Cash Flows Method Combined financial statement Percentage financial statement Consolidated financial statement Offset Statement Statement billing Official statement Financial Statement |
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