Example of Profit and Loss Statement

Black Stump Soccer Club
Profit and Loss Statement
For the six months ended 31 March 2003

A INCOME    

Apprenticeship Grant

 

 $             1,375.00

Bar Income

 

 $           63,786.48

Bingo Income

 

 $             5,540.80

Canteen Income

 

 $             6,967.87

Council field maintenance grant

 

 $             8,400.00

Soccer program Income

 

 $           14,229.08

Gaming Machine Income

 

 $          116,076.36

Hall Hire

 

 $                581.82

Membership

 

 $           90,838.18

Merchandising Income

 

 $             6,564.08

Miscellaneous Income

 

 $             2,201.94

Sponsorship

 

 $           10,000.00

Total Income

 

 $          326,561.61

       
B COST OF SALES    

Canteen Purchases

 $             5,527.00

 

Total Canteen

 

 $             5,527.00

     

Bar Purchases

   

Beer, Wine & Spirits

 $           25,944.11

 

Bar Food Supplies

 $             6,144.12

 

Bar Expenses

 $             1,779.85

 

Total Bar Purchases

 

 $           33,868.08

     

Poker Machine Costs

   

Poker Machine Payouts

 $             1,300.00

 

Poker Machine Taxes

 $           14,177.21

 

Poker Machine Promotions

 $             1,410.99

 

Poker Machine Maintenance

 $             2,344.97

 

Poker Machine Conversions

 $           16,458.97

 

Poker Machine Monitoring

 $             1,617.88

 

Computer Rental

 $             2,063.50

 

Total Poker Machine Costs

 

 $           39,373.52

     

Bingo Costs

   

Bingo Tickets

 $             2,468.27

 

Bingo Jackpots

 $             3,900.00

 

Labour

 $             4,150.00

 

Other

 $                262.40

 

Total Bingo Costs

 

 $           10,780.67

     

Soccer Expenses

   

Junior Soccer Program

 $           24,980.49

 

Line Marking

 $                433.48

 

Merchandising Purchases

 $             5,220.60

 

Other

 $                306.06

 

Refund of Membership

 $             2,501.81

 

Senior Soccer Program

 $           23,620.08

 

Tractor Maintenance

 $                532.94

 

Total Soccer Expenses

 

 $           57,595.46

     

Total Cost of Sales

 

 $          147,144.73

       
C

GROSS PROFIT

 

 $          179,416.88

       
D

OVERHEAD EXPENSES

   
 

Accounting - Other services

 

 $                154.55

 

Advertising

 

 $             1,362.37

 

Audit Fees

 

 $             4,650.00

 

Bank Fees

 

 $             2,140.12

 

Building Improvements

 

 $                509.28

 

Cleaning

 

 $             4,266.01

 

Club Maintenance

 

 $             1,959.96

 

Coaches Expenses

 

 $                162.50

 

Computer Software

 

 $                504.90

 

Condolences

 

 $                  51.82

 

Dues and Subscriptions

 

 $             1,019.96

 

Electricity

 

 $             7,386.37

 

Gas

 

 $                281.59

 

Insurance

 

 $             3,378.79

 

Internet

 

 $                  72.73

 

Motor Vehicle Expenses

 

 $             1,208.40

 

Other Club Expenses

 

 $             1,537.96

 

Photocopier Maintenance

 

 $                532.12

 

Postage and Shipping

 

 $             1,111.50

 

Reference Fees

 

 $             1,680.00

 

Security

 

 $             5,982.19

 

Soccer Maintenance

 

 $                110.70

 

Stationery

 

 $             1,256.83

 

Superannuation

 

 $             8,745.29

 

Telephones

 

 $             5,151.21

 

Travel & Education

 

 $                236.36

 

Wages Admin

 

 $          101,204.57

 

Wages Players

 

 $                600.00

 

Total Expenses

 

 $          157,258.08

       
E

OPERATING PROFIT

 

 $           22,158.80

       
 

Interest Received

 

 $             2,017.55

       
F

NET SURPLUS / (Deficit)

 

 $           20,141.25

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