Format of multi-step profit and loss Account

C.Y P.Y

Gross Sales Less: excise duty Net Sales - COGS (materials & goods consumed or purchased, manufacturing expenses and stock adjustment) Gross Profit GP Gross Profit GP -Employee Remuneration other than factory -administrative, selling and other expenses + other income (operating) Profit Before Depreciation Interest and Tax - PBDIT Profit Before Depreciation Interest and Tax - PBDIT -Depreciation -Amortisation -Impairment Operating Profit PBIT Operating Profit PBIT -Interest & Finance Charges +Other Income (Non-Operating) Profit Before Tax & Extra Ordinary Items - PBTEOT Profit Before Tax & Extra Ordinary Items - PBTEOT +/ - extra ordinary items Profit Before Tax for the year PBT-Y +/ - Prior year adjustments Profit Before Tax Profit Before Tax

Provision for tax: Current income tax +/ - deferred income tax liability + fringe benefit tax +/ - tax adjustments for previous year Total Income Tax Profit After Tax NP/PAT