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Grouping Name

GL Accounts sections that are included in the value 

Comments

1

Revenue

PL Revenue

Dr Turnovers are considered as negative value, Cr Turnovers are considered as positive value, i.e (-DR), (+CR)

2

Cost of Sales

PL Cost Of Goods Sold (Employees)
PL Cost Of Goods Sold (Fixed Assets)
PL Cost Of Goods Sold (Intangible Assets) PL Cost Of Goods Sold (Inventories)
PL Cost Of Goods Sold (Other)

Dr Turnovers are considered as negative value, Cr Turnovers are considered as positive value, i.e (-DR), (+CR)

3

Gross Profit

Gross Profit = Revenue - + Cost of Sales

Gross Profit is calculayed by formula

4

Selling Expenses

PL Selling Expenses

Dr Turnovers are considered as negative value, Cr Turnovers are considered as positive value, i.e (-DR), (+CR)

5

Administrative Expenses

PL Administrative Expenses (Employees)
PL Administrative Expenses (Fixed Assets)
PL Administrative Expenses (Intangible Assets) PL Administrative Expenses (Other)

Dr Turnovers are considered as negative value, Cr Turnovers are considered as positive value, i.e (-DR), (+CR)

6

Other Incomes / (Expenses), Net

PL Other Operating Expense PL Other Operating Income

Dr Turnovers are considered as negative value, Cr Turnovers are considered as positive value, i.e (-DR), (+CR)

7

Operating Profit

Operating Profit = Gross Profit+Selling Expense+Administrative Expense + Other Incomes / (Expenses) 

Operating Profit is calculated by formula

8

Finance Incomes / (Costs), Net

PL Finance Costs

PL Finance Income

Dr Turnovers are considered as negative value, Cr Turnovers are considered as positive value, i.e (-DR), (+CR)

9

Foreign Exchange Gain / (Loss), Net

PL Non-Operating Expense

PL Non-Operating Income

Dr Turnovers are considered as negative value, Cr Turnovers are considered as positive value, i.e (-DR), (+CR)

10

Profit Before Income Tax

Profit Before Income Tax = Operating Profit + Finance Incomes / (Costs) + Foreign Exchange Gain / (Loss) 

Operating Profit is calculated by formula

11

Current Income Tax Expense

PL Current Tax Expense

Dr Turnovers are considered as negative value, Cr Turnovers are considered as positive value, i.e (-DR), (+CR)

All Turnovers of GL accounts corresponding with BS Deferred Tax Assets and BS Deferred Tax Liabilities are excluded from the value

12

Deferred Income Tax (Expense) / Benefit

BS Deferred Tax Assets

BS Deferred Tax Liabilities

Dr Turnovers are considered as negative value, Cr Turnovers are considered as positive value, i.e (-DR), (+CR)

The value includes only turnovers from GL accounts corresponding with PL Current Tax Expense. All other turnovers are excluded. 

13

Total Income Tax (Expense) / Benefit

Total Income Tax (Expense) / Benefit = Current Income Tax Expense +  BS Deferred Tax Assets + BS Deferred Tax Liabilities 

Operating Profit is calculated by formula

14

Profit for the Year

Profit for the Year = Profit Before Income Tax + Total Income Tax (Expense) / Benefit

Profit for the Year (for the selected period) is calculated by formula