Income statement

An income statement (US English) or profit and loss account (UK English) (also referred to as a profit and loss statement (P&L), statement of profit or loss, revenue statement, statement of financial performance, earnings statement, operating statement, or statement of operations) is one of the financial statements of a company and shows the company’s revenues and expenses during a particular period. It indicates how the revenues (money received from the sale of products and services before expenses are taken out, also known as the “top line”) are transformed into the net income (the result after all revenues and expenses have been accounted for, also known as “net profit” or the “bottom line”). It displays the revenues recognized for a specific period, and the cost and expenses charged against these revenues, including write-offs (e.g., depreciation and amortization of various assets) and taxes. The purpose of the income statement is to show managers and investors whether the company made or lost money during the period being reported.

Profit and Loss

Profit and Loss may refer to:

Profit & Loss, monthly business magazine founded in July 1999 especializing in Foreign exchange market and derivative markets

"Profit and Loss" (Star Trek: Deep Space Nine), the eighteenth episode of the second season of the television series Star Trek: Deep Space Nine

Profit and loss statement, statement that indicates how net revenue is transformed into net income

A synonym of net income

Profit and the Loss, a British silent film

It is also in used in maths

Profit

Profit may refer to: History class at Northwest vista

Profit (accounting), the difference between the purchase price and the costs of bringing to market

Profit (economics), has two related but distinct meanings: Normal profit and Economic profit

Profit (real property), a nonpossessory interest in land

Profit (TV series), a short-lived American television series starring Adrian Pasdar

The Profit (TV series)

The Profit (film), a 2001 feature film by Peter N. Alexander

Account of profits, a type of equitable remedy in law (also known as an accounting)

Profit (magazine), a Canadian business magazine aimed at entrepreneurs

Profit, United States Virgin Islands

Surname

Joe Profit (born 1949), former American football player

Laron Profit (born 1977), professional basketball player

Richard Profit (born 1974), English mountaineer and adventurer.

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Banking Profit and Loss Account...

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photo: AP / Wong Maye-E

File - In this April 15, 2017 file photo, North Korean leader Kim Jong Un waves during a military parade in Pyongyang, North Korea to celebrate the 105th birth anniversary of Kim Il Sung, the country's late founder and grandfather of current ruler Kim Jong Un.

'A gift for the American bastards': North Korea's Kim fires back at Trump

Edit The Guardian 05 Jul 2017

Kim Jong-un saw the opportunity for maximum mischief offered by the most auspicious date in US history to launch a missile, literally and verbally. North Korea. 'A gift for the American bastards'. North Korea's Kim fires back at Trump. Kim Jong-un saw the opportunity for maximum mischief offered by the most auspicious date in US history to launch a missile, literally and verbally ... Read more ... Twitter ... 'Guest workers' ... Read more ... ....

photo: NASA / Jim Ross

File - The Larsen Ice Shelf in Antarctica viewed from NASA's DC-8 aircraft during the AirSAR 2004 campaign.

Ice block the size of Delaware about to break away from Antarctica as global temperatures rise, scientists warn

Edit The Independent 03 Jul 2017

Breaking the Silence in the World Capital of Female Genital Mutilation

Edit CNN 05 Jul 2017

(CNN)One of the few positives for U.S. women and girls in recent years has been the increased awareness of female genital mutilation (FGM) as an urgent issue which affects over half a million people on American soil. The first ever U.S. trial is about to take place too and the government is finally taking action to end it. Over 200 million of us around the world and where I live in rural Somalia has undergone FGM ... Read More ... Cut in secret....

photo: AP / Mosa'ab Elshamy

Emir of Qatar Sheik Tamim bin Hamad Al-Thani arrives at the high level segment of the U.N. climate conference in Marrakech, Morocco, Tuesday, Nov. 15, 2016.

Qatar responds to Arab nations' demands before crisis meeting

Edit Irish Independent 05 Jul 2017

A quartet of Arab nations have received Qatar's response to their demands for ending a diplomatic crisis gripping the Persian Gulf, just before a planned meeting in Cairo. Bahrain, Egypt, Saudi Arabia and the United Arab Emirates said in a joint statement they would respond "in a timely manner" ... The countries cut ties to the Fifa 2022 World Cup host early last month over its alleged support for extremist groups and ties with Iran ... AP. ....

photo: AP / Hadi Mizban

Iraqi special forces take control of the Mishraq neighborhood from Islamic State militants in Mosul, Iraq, Friday, Dec. 16, 2016.

ISIS will lose Mosul and Raqqa. What happens next?

Edit The Washington Post 05 Jul 2017

Want smart analysis of the most important news in your inbox every weekday along with other global reads, interesting ideas and opinions to know? Sign up for the Today's WorldView newsletter. The jihadists of the Islamic State are finally being driven out of their two main bastions. The northern Iraqi city of Mosul and the [] ... ....

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Citi India profit rises 12% in FY17

Edit Financial Express 05 Jul 2017

Citi India on Tuesday reported a 12.2% rise in FY17 profit after tax (PAT) to Rs 3,626 crore. The bank said its pre-tax profit grew 7% to Rs 6,185 crore in the same period. The post Citi India profit rises 12% in FY17 ... ....

SCIC posts $844m pre-tax profit

Edit Vietnam News 05 Jul 2017

The State Capital Investment Corporation (SCIC) has declared record pre-tax profit of around VNĐ19 trillion (US$844 billion) in 2016, which is 3.9 times the profit earned in 2013 ... ....

GST rollout: Kerala asks Centre to take steps to end profiteering on new tax regime

Edit Financial Express 05 Jul 2017

The Kerala government has called upon the Centre to take steps to check tendency in trade and business to make undue profit following launch of the Goods and Services Tax. The post GST rollout. Kerala asks Centre to take steps to end profiteering on new tax regime ... ....

Price fixation of essential drugs hits profitability: Novartis

Edit Financial Express 05 Jul 2017

The fixation of ceiling prices of essential drugs by the pharma pricing regulator NPPA has impacted the profitability of the company, drug firm Novartis India has said. The post Price fixation of essential drugs hits profitability. Novartis ... ....

Flight Centre shares soar after company lifts profit outlook

Edit Sydney Morning Herald 05 Jul 2017

Shares of Flight Centre have jumped in early trading after the company raised its full-year earnings forecast following stronger-than-expected sales and profit in the second half....

Sweden looking to limit profits of private sector welfare providers

Edit DNA India 05 Jul 2017

Sweden's minority government said on Wednesday it was looking at several ways to limit private companies' profits in the tax-funded welfare sector but might not choose the profit cap solution recently proposed by a commission. Sweden's centre-left government is trying to come good on a promise to limit the profits that private companies can make for providing welfare services paid for by taxpayers....

Ocado profit falls on distribution center costs

Edit Market Watch 05 Jul 2017

LONDON-- Grocery delivery company Ocado Group PLC (OCDO.LN) Wednesday reported a fall in first half pretax profit despite strong revenue ......

Price fixation of essential drugs is impacting profitability: Novartis

Edit Moneycontrol 05 Jul 2017

The fixation of ceiling prices of essential drugs by the pharma pricing regulator NPPA has impacted the profitability of the company, drug firm Novartis India has said ... the profit before tax margin was low at 12.6 per cent of total income, he added....

Ocado boss strikes positive note despite fall in profits and rise in debt

Edit The Daily Telegraph 05 Jul 2017

The boss of online grocer Ocado has admitted that the business faces the challenge of the City not knowing whether it is a retailer or a technology player after posting a fall in profits ......

Ocado Posts First Half Profit Slump, But Sees Food Price Deflation Pressures Easing

Edit The Street 05 Jul 2017

Ocado Group plc  (OCDDY) , the online grocery group, posted a slump in first half profits, even as sales increased more than 20%, but indicated that the trend of price deflation in the fiercely-competitive U.K ... Ocado said pre-tax profit fell 9.4% to £7.7 million ($9.94 million) in the 26 weeks ......

Should the self-employed be auto-enrolled to avert a savings crisis? Plan to divert 4% of business profits into pension schemes

Edit This is Money 05 Jul 2017

Self-employed people should be auto-enrolled into paying 4 per cent of their taxable profits into a pension to combat 'crisis levels' of undersaving for retirement, says a new report....

Kerala asks Centre to take steps to end profiteering on GST

Edit DNA India 05 Jul 2017

The Kerala government has called upon the Centre to take steps to check tendency in trade and business to make undue profit following launch of the Goods and Services Tax. The state wants setting up of an Anti-profiteering Authority at the national level and the Screening Committee at the state level at the earliest ... Many traders are making profit by ......

Aeon Credit posts 21% net profit growth to RM76mil

Edit The Star 05 Jul 2017

PETALING JAYA. Credit provider Aeon Credit Service (M) Bhd has registered a 20.9% net profit growth to RM75.81mil for the first quarter ended May 31, 2017 compared with the previous corresponding period ... ....

St John to get a slice of Original Foods profits

Edit Scoop 05 Jul 2017

For immediate release. 5.7.17 St John to get a slice of Original Foods Baking Co’s Red Velvet Cake profits ... ....

Jamaica Broilers reports $2b profit

Edit The Gleaner 05 Jul 2017

Poultry company Jamaica Broilers Group grew its bottom line by one-third at year ending April, amid a double-digit spike in revenue.The company reported net profit of made $2.27 billion, up from $1.7 billion a year ago. Sales topped $44 billion, up... ....

Income statement

Profit and Loss

Profit

Surname

See also

Profit and Loss Tricks For Bank PO and SSC CGL [In Hindi] Part 1

Profit and Loss - Concepts and Tricks - Part 1

धमाकेदार ट्रिक मैथ्स लगेगी हलवा-profit and loss tricks in hindi maths tricks-ssc cgl 2017 ibps po -1

PROFIT AND LOSS | TEST YOUR SPEED | MATHS | IBPS | CWE | RRB 2017

SSC CGL 2017 | Profit and Loss Tricks & Previous Year Questions | Online SSC CGL Coaching

PROFIT AND LOSS | MATHS | DAY - 13 | DIGITAL CLASS | SBI PO 2017 |

Aptitude Made Easy - Profit & Loss – Basics and Methods, Profit and loss shortcuts, Math tricks

Math Short Trick || Profit and Loss ||लाभ और हानि / Part - 4

Profit and Loss tricks in hindi || लाभ और हानि Part-1

Profit and loss in hindi

Profit and Loss Tricks For Bank PO and SSC CGL [In Hindi] Part 1

Profit and Loss - Concepts and Tricks - Part 1

धमाकेदार ट्रिक मैथ्स लगेगी हलवा-profit and loss tricks in hindi maths tricks-ssc cgl 2017 ibps po -1

PROFIT AND LOSS | TEST YOUR SPEED | MATHS | IBPS | CWE | RRB 2017

SSC CGL 2017 | Profit and Loss Tricks & Previous Year Questions | Online SSC CGL Coaching

PROFIT AND LOSS | MATHS | DAY - 13 | DIGITAL CLASS | SBI PO 2017 |

Aptitude Made Easy - Profit & Loss – Basics and Methods, Profit and loss shortcuts, Math tricks

Math Short Trick || Profit and Loss ||लाभ और हानि / Part - 4

Profit and Loss tricks in hindi || लाभ और हानि Part-1

Profit and loss in hindi

Profit and Loss Tricks For Bank PO and SSC CGL [In Hindi] Part 1

Profit and Loss - Concepts and Tricks - Part 1

धमाकेदार ट्रिक मैथ्स लगेगी हलवा-profit and loss tricks in hindi maths tricks-ssc cgl 2017 ibps po -1

PROFIT AND LOSS | TEST YOUR SPEED | MATHS | IBPS | CWE | RRB 2017

SSC CGL 2017 | Profit and Loss Tricks & Previous Year Questions | Online SSC CGL Coaching

PROFIT AND LOSS | MATHS | DAY - 13 | DIGITAL CLASS | SBI PO 2017 |

Aptitude Made Easy - Profit & Loss – Basics and Methods, Profit and loss shortcuts, Math tricks

Math Short Trick || Profit and Loss ||लाभ और हानि / Part - 4

Profit and Loss tricks in hindi || लाभ और हानि Part-1

Profit and loss in hindi

Profit and Loss Tricks For Bank PO and SSC CGL [In Hindi] Part 1

Profit and Loss - Concepts and Tricks - Part 1

धमाकेदार ट्रिक मैथ्स लगेगी हलवा-profit and loss tricks in hindi maths tricks-ssc cgl 2017 ibps po -1

PROFIT AND LOSS | TEST YOUR SPEED | MATHS | IBPS | CWE | RRB 2017

SSC CGL 2017 | Profit and Loss Tricks & Previous Year Questions | Online SSC CGL Coaching

PROFIT AND LOSS | MATHS | DAY - 13 | DIGITAL CLASS | SBI PO 2017 |

Aptitude Made Easy - Profit & Loss – Basics and Methods, Profit and loss shortcuts, Math tricks

Math Short Trick || Profit and Loss ||लाभ और हानि / Part - 4

Profit and Loss tricks in hindi || लाभ और हानि Part-1

Profit and loss in hindi

Profit and Loss Tricks For Bank PO and SSC CGL [In Hindi] Part 1

Profit and Loss - Concepts and Tricks - Part 1

धमाकेदार ट्रिक मैथ्स लगेगी हलवा-profit and loss tricks in hindi maths tricks-ssc cgl 2017 ibps po -1

PROFIT AND LOSS | TEST YOUR SPEED | MATHS | IBPS | CWE | RRB 2017

SSC CGL 2017 | Profit and Loss Tricks & Previous Year Questions | Online SSC CGL Coaching

PROFIT AND LOSS | MATHS | DAY - 13 | DIGITAL CLASS | SBI PO 2017 |

Aptitude Made Easy - Profit & Loss – Basics and Methods, Profit and loss shortcuts, Math tricks

Math Short Trick || Profit and Loss ||लाभ और हानि / Part - 4

Profit and Loss tricks in hindi || लाभ और हानि Part-1

Profit and loss in hindi

Banking Profit and Loss Account

Profit and loss part 1

Profit And Loss 8

Profit and Loss (Part-3): Short tricks in hindi for SSC and BANK PO

Incorporated Season 1 Episode 5 Profit and Loss

ACCA F7 Consolidated Statement of Profit or Loss, with Associates

3.1 SI, CI, Profit and loss

Rockford Files S01xE14 Profit And Loss Part 2

Rockford Files S01xE13 Profit And Loss Part 1

2016 09 12 21 44 Profit and loss

Banking Profit and Loss Account

Profit and loss part 1

Profit And Loss 8

Profit and Loss (Part-3): Short tricks in hindi for SSC and BANK PO

Incorporated Season 1 Episode 5 Profit and Loss

ACCA F7 Consolidated Statement of Profit or Loss, with Associates

3.1 SI, CI, Profit and loss

Rockford Files S01xE14 Profit And Loss Part 2

Rockford Files S01xE13 Profit And Loss Part 1

2016 09 12 21 44 Profit and loss

Related Sites

Related Sites

Profit and Loss Tricks For Bank PO and SSC CGL [In Hindi] Part 1

Profit and Loss - Concepts and Tricks - Part 1

धमाकेदार ट्रिक मैथ्स लगेगी हलवा-profit and loss tricks in hindi maths tricks-ssc cgl 2017 ibps po -1