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10 cards from this deck
Shows profit/loss made over a period (typically one year)
Excluding VAT
Direct costs of producing goods/services sold
Revenue - Cost of Sales
Gross Profit - Selling Expenses - Admin Expenses
Operating Profit - Finance Costs
Profit after tax (last line on income statement)
Interest paid on borrowed money
Assess profitability for dividends & investment value
General running costs not tied to production/sales
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