SAMPLE PROFIT & LOSS STATEMENT

OF HOTEL BUSINESS
FOR THE YEAR ENDED 31ST DECEMBER 2013
SCHEDULE 1
2012 2013
SALES NOTES
Sales - Restaurant $ - $ - 1
Sales - Bar $ - $ - 2
TOTAL SALES $ - $ - 3

COST OF GOODS SOLD

Opening Stock $ - $ - 4
Add: Net Purchases
Purchases $ - $ - 5
Less: Purchases Returns $ - $ - 6
Add: Net Purchases $ - $ - 7
Cost Goods Available For Sale $ - $ - 8
Less: Closing Stock $ - $ - 9
LESS: COST OF GOODS SOLD $ - $ - 10

GROSS PROFIT $ - $ - 11

OPERATING INCOME
Accommodation Income $ - $ - 12
Other Operating Income $ - $ - 13
TOTAL OPERATING INCOME $ - $ - 14

OTHER INCOME
Proceeds From Sale of Fixed Assets $ - $ - 15
TOTAL OTHER INCOME $ - $ - 16

TOTAL INCOME $ - $ - 17

LESS: EXPENSES
OPERATING EXPENSES
Salaries and Wages $ - $ - 18
Utility $ - $ - 19
Gas $ - $ - 20
FNPF $ - $ - 21
Depreciation (For assets used in business) $ - $ - 22
Rent (If renting) $ - $ - 23
Business Licence $ - $ - 24
TOTAL OPERATING EXPENSES $ - $ - 25

FINANCIAL EXPENSES
Bank Charges $ - $ - 26
Interest $ - $ - 27
TOTAL FINANCIAL EXPENSES $ - $ - 28

OTHER EXPENSES
Written Down Value of the Fixed Assets Sold $ - $ - 29
Miscellaneous Expenses $ - $ - 30
TOTAL OTHER EXPENSES $ - $ - 31
TOTAL EXPENSES $ - $ - 32

NET PROFIT BEFORE TAX $ - $ - 33

OTHER COMPONENTS OF PROFIT & LOSS STATEMENT NOT LISTED ABOVE CAN BE ADDED IF YOUR
BUSINESS IS HAVING FINANCIAL TRANSACTIONS RELATED TO THESE COMPONENTS.
 SAMPLE BALANCE SHEET
OF HOTEL BUSINESS
AS AT 31ST DECEMBER 2013
SCHEDULE 2
NOTES
2012 2013
ASSETS
CURRENT ASSETS
Cash at Bank $ - $ - 1
Cash on Hand $ - $ - 2
Closing Stock $ - $ - 3
Debtors $ - $ - 4
Prepaid Expenses $ - $ - 5
TOTAL CURRENT ASSETS $ - $ - 6

FIXED ASSETS
Land (If owned by business or you) $ - $ - 7
Property Plant & Equipment $ - $ - 8
Less: Accumulated Depreciation $ - $ - 9
Written Down Value $ - $ - 10
TOTAL FIXED ASSETS $ - $ - 11
TOTAL ASSETS $ - $ - 12

LIABILITIES
CURRENT LIABILITIES
Creditors $ - $ - 13
FEA Payable $ - $ - 14
Salaries Payable $ - $ - 15
FNPF Payable $ - $ - 16
TOTAL CURRENT LIABILITIES $ - $ - 17

LONG TERM LIABILTIES

Loan Payable $ - $ - 18
Vehicle Loan Payable $ - $ - 19
TOTAL LONG TERM LIABILITIES $ - $ - 20
TOTAL LIABILTIES $ - $ - 21

NET ASSETS $ - $ - 22

EQUITY
Beginning Capital $ - $ - 23
ADD: Net Profit After Tax for the Year $ - $ - 24
$ - $ - 25
LESS: Drawings $ - $ - 26
CLOSING EQUITY $ - $ - 27
OTHER COMPONENTS OF BALANCE SHEET NOT LISTED ABOVE CAN BE ADDED IF YOUR BUSINESS IS
HAVING FINANCIAL TRANSACTIONS RELATED TO THESE COMPONENTS.
 SAMPLE SCHEDULE FOR FIXED ASSETS AND DEPRECIATION REGISTER FOR TAX PURPOSE
OF HOTEL BUSINESS
AS AT 31ST DECEMBER, 2013
SCHEDULE 3
ASSETS DATE COST ADDITIONS DATE OF DISPOSAL DATE DEP RATE DEP AS AT ACC DEP AS AT ACC DEP AS AT WDV AS AT
ACQUIRED ADDITION DISPOSED 31.12.2013 31.12.2012 31.12.2013 31.12.2013
BAR 5.062013 $ - - - - - $ - $ - $ - $ -
EQUIP &
UTENSILS
KITCHEN 20.03.2013 $ - - - - - $ - $ - $ - $ -
EQUIP &
UTENSILS

FREEZERS & 20.03.2013 $ 2,000.00 - - - - 18% $ 300.00 $ - $ 300.00 $ 1,700.00

COOLERS

FURNITURE05.06.2012 $ 5,000.00 - - - - 12% $ 600.00 $ 400.00 $ 1,000.00 $ 4,000.00

MOTOR $ 3,600.00 $ 9,300.00 $ 12,900.00 $ 7,100.00
VEHICLE 20.06.2010 $ 20,000.00 - - - - 18%
BUILDING 03.06.2010 $ 60,000.00 - - - - 3% $ 1,500.00 $ 2,906.25 $ 4,406.25 $ 55,593.75
Total $ 87,000.00 - - - - $ 6,000.00 $ 12,606.25 $ 18,606.25 $ 68,393.75

Important Notes
1. Cost - Cost at which the assets is acquired.
2. Additions- Value of assets acquired during a current year.
3. Date of Addition - Date at which these additions are made during the year.
4. Disposal - Written down value of assets which are sold during the current year.
5. Date Disposed - Date at which these assets are being sold or stolen.
6. Depreciation Rate - Maximum rate in accordance with Depreciation Instruction at which these assets are depreciated
7. Depreciation = Cost x Rate x Time x Usage
Example: Building
Depreciation = 60,0000 x 2.5% x 12/12 x 100%
Example : Motor Vehicle
Depreciation = 20,0000 x 18% x 12/12 x 100%
8. Accumulated Depreciation as at 31.12.2012 - Total depreciation from date of acquisition till 31.12.2012.
9. Accumulated Depreciation as at 31.12.2013 - Total depreciation from date of acquisition till 31.12.2012 plus depreciation of the current
year.
10. Written Down Value = Cost - Accumulated Depreciation as at 31.12.2013.
Please refer to ALLOWANCE FOR DEPRECIATION & IMPROVEMENTS INSTRUCTIONS for correct depreciation rate for particular type of assets.