Office of Public Sector Information
SCHEDULE 1 continued PART 1 continued
| Profit and loss account formats | |||
|---|---|---|---|
| Format 3 | |||
| (see note (14) below) | |||
| A. | Charges | ||
| 1. | Cost of sales (11) | ||
| 2. | Distribution costs (11) | ||
| 3. | Administrative expenses (11) | ||
| 4. | Amounts written off investments | ||
| 5. | Interest payable and similar charges (13) | ||
| 6. | Tax on profit or loss on ordinary activities | ||
| 7. | Profit or loss on ordinary activities after taxation | ||
| 8. | Extraordinary charges | ||
| 9. | Tax on extraordinary profit or loss | ||
| 10. | Other taxes not shown under the above items | ||
| 11. | Profit or loss for the financial year | ||
| B. | Income | ||
| 1. | Turnover | ||
| 2. | Other operating income | ||
| 3. | Income from shares in group undertakings | ||
| 4. | Income from participating interests | ||
| 5. | Income from other fixed asset investments (12) | ||
| 6. | Other interest receivable and similar income (12) | ||
| 7. | Profit or loss on ordinary activities after taxation | ||
| 8. | Extraordinary income | ||
| 9. | Profit or loss for the financial year | ||
| Profit and loss account formats | ||||
|---|---|---|---|---|
| Format 4 | ||||
| A. | Charges | |||
| 1. | Reduction in stocks of finished goods and in work in progress | |||
| 2. | (a) | Raw materials and consumables | ||
| (b) | Other external charges | |||
| 3. | Staff costs | |||
| (a) | wages and salaries | |||
| (b) | social security costs | |||
| (c) | other pension costs | |||
| 4. | (a) | Depreciation and other amounts written off tangible and intangible fixed assets | ||
| (b) | Exceptional amounts written off current assets | |||
| 5. | Other operating charges | |||
| 6. | Amounts written off investments | |||
| 7. | Interest payable and similar charges (13) | |||
| 8. | Tax on profit or loss on ordinary activities | |||
| 9. | Profit or loss on ordinary activities after taxation | |||
| 10. | Extraordinary charges | |||
| 11. | Tax on extraordinary profit or loss | |||
| 12. | Other taxes not shown under the above items | |||
| 13. | Profit or loss for the financial year | |||
| B. | Income | |||
| 1. | Turnover | |||
| 2. | Increase in stocks of finished goods and in work in progress | |||
| 3. | Own work capitalised | |||
| 4. | Other operating income | |||
| 5. | Income from shares in group undertakings | |||
| 6. | Income from participating interests | |||
| 7. | Income from other fixed asset investments (12) | |||
| 8. | Other interest receivable and similar income (12) | |||
| 9. | Profit or loss on ordinary activities after taxation | |||
| 10. | Extraordinary income | |||
| 11. | Profit or loss for the financial year | |||
| Notes on the profit and loss account formats |
|---|
| (11) | Cost of sales: distribution costs: administrative expenses |
(Format 1, items 2, 4 and 5 and Format 3, items A.1, 2 and 3.)
These items must be stated after taking into account any necessary provisions for depreciation or diminution in value of assets.
| (12) | Income from other fixed asset investments: other interest receivable and similar income |
(Format 1, items 9 and 10; Format 2, items 11 and 12; Format 3, items B.5 and 6 and Format 4, items B.7 and 8.)
Income and interest derived from group undertakings must be shown separately from income and interest derived from other sources.
| (13) | Interest payable and similar charges |
(Format 1, item 12; Format 2, item 14; Format 3, item A.5 and Format 4, item A.7.)
The amount payable to group undertakings must be shown separately.
| (14) | Formats 1 and 3 |
The amount of any provisions for depreciation and diminution in value of tangible and intangible fixed assets falling to be shown under items 7(a) and A.4(a) respectively in Formats 2 and 4 must be disclosed in a note to the accounts in any case where the profit and loss account is prepared using Format 1 or Format 3.
The Small Companies and Groups (Accounts and Directors’ Report) Regulations 2008