Profit loss statement 2015/2016 2016/17

Revenue Amount Increase

Food sales $523,500.00 8.75% $569,306.25
Beverage sales $282,200.00 6.75% $301,248.50
TOTAL $805,700.00 $870,554.75
COSTS OF GOODS
Item
food costs $175,372.50 2.50% $179,756.81
beverage costs $113,585.50 7.75% $122,388.38
TOTAL $288,958.00 $302,145.19

Gross Profit Food $382,972.97

Gross Profit Beverage $178,860.12
Gross Profit $568,409.56

Expenses
Wages $220,842.37 2.75% $225,392.00 1 2 3 4
Employee benefits $36,337.07 2.25% $36,949.17
Direct operating expenses $35,128.52 $35,128.52
Music and entertainment $7,573.58 3.50% $18,266.68
Advertisement and promotion $24,573.85 $18,834.70
Power and phone $15,630.58 6.75% $16,421.88 3907.645 4171.41104 4171.411 4171.411
Administrative and general $30,938.88 $30,938.88
Repairs and maintenance $19,336.80 4.50% $22,253.70
TOTAL $390,361.65 $404,185.53
LESS OCCUPATION AND FINANCE COST
INTEREST $11,924.36 $8,425.00
DEPRICATION $16,275.14 $16,275.14
RATES $4,000.00 7.75% $4,310.00
INSURANCE $7,440.94 $7,440.94
$39,640.44 $36,451.08
 EXPENDITURE $440,636.61
Net Profit $127,772.95
Catering and special Events
Profit loss statement 2015/2016 % Increase 2016/2017 Quarterly
Revenue Amount Amount July-Sep Oct-Dec Jan-Mar
Food sales $930,435.00 4.40% $971,374.14 $242,843.54 $242,843.54 $242,843.54
Beverage sales $667,210.00 2.50% $695,693.63 $170,722.36 $174,990.42 $174,990.42
TOTAL $1,597,645.00 $1,667,067.77 $47,000.00 $47,000.00 $47,000.00
Expenditure
Function centre rent $188,000.00 5% $192,700.00 $47,000.00 $47,000.00 $49,350.00
Wages $523,020.00 1.25% $529,557.75 $132,389.44 $132,389.44 $132,389.44
Food cost $489,231.00 3% $503,907.93 $125,976.98 $125,976.98 $125,976.98
Beverage Cost $232,119.00 5% $240,823.47 $58,029.75 $60,931.24 $60,931.24
Business insurance $5,284.00 2.50% $5,284.00 $1,321.00 $1,321.00 $1,321.00
Electricity $4,429.00 6.25% $4,705.81 $1,176.45 $1,176.45 $1,176.45
Gas $3,898.00 6.25% $4,141.63 $1,035.41 $1,035.41 $1,035.41
Party hire $58,924.00 3.25% $59,881.52 $14,731.00 $14,731.00 $15,209.76
Laundry $5,590.00 $5,590.00 $1,397.50 $1,397.50 $1,397.50
Chemicals $12,453.00 $12,453.00 $3,113.25 $3,113.25 $3,113.25
TOTAL $1,522,948.00 $1,559,045.11 $386,170.78 $389,072.27 $391,901.03
Profit/loss $74,697.00 $108,022.66 -$339,170.78 -$342,072.27 -$344,901.03
Apr-June
$242,843.54
$174,990.42
$47,000.00

$49,350.00
$132,389.44
$125,976.98
$60,931.24
$1,321.00
$1,176.45
$1,035.41
$15,209.76
$1,397.50
$3,113.25
$391,901.03
-$344,901.03
Formulas for calculating the budget :

Total sale = food sale + beverage sale

Food sale % = Food sales/Total sales*100

Beverage sale % = Beverage sales / Total sales *100

Food cost % = Food cost / total sale * 100

Total cost = Food sale + beverage cost

Beverage cost % = Beverage cost/total sale * 100

Food% = Food/gross profit *100

Beverage % = Beverage /Gross Profit *100

Gross profit = Total sale - total cost

Gross profit % = Total sale %- total cost%

Net profit = gross profit - expenses

Net profit % = gross profit % - expenses %