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THE DOG AND DUCK PUB Income StatementTHE DOG AND DUCK PUB Notes: Other Income of $ 1 2 , 0 0 0 in 2 0

THE DOG AND DUCK PUB
Income StatementTHE DOG AND DUCK PUB Notes:
Other Income of $12,000 in 2015 is the rent on the apartment. Eypenses related to this
Income are in the Miscellaneous Eypenses line.
Manaqement Salaries. In 2009, Montaque paid himself a salary of $40,000 as owner'
manaqer. In 2015, a salary of $50,000w as paid to the hired manaqer (plus 1% of qross sales)
Rent. 2,000 square feet at $33 pre square foot in 2009 and $37 in 2015.
Common area costs. Refers to upkeep, snow removal, eto.
Income Statement
20092015
($'000)%($'000)%
Sales $830100.0% $705100.0%
Cost of Goods Sold 33240.0%31544.7%
Gross Profit 49860.0%39055.3%
Expenses:
Management Salaries 404.8%578.1%
Labour: Wages 20524.7%13318.9%
Payroll Taxes 172.0%131.8%
Rent 668.0%7410.5%
Common Area 50.6%71.0%
Promotion 425.1%131.8%
Insurance 70.8%121.7%
Hydro 121.4%253.5%
Natural Gas 131.6%131.8%
Telephone 20.2%20.3%
Depreciation 101.2%60.9%
Miscellaneous 20.2%20.3%
Total Expenses 42150.7%35750.6%
Operating Profit 779.3%334.7%
Other Income 00.0%121.7%
Other Expenses 00.0%30.4%
Earnings before Tax 779.3%420
Income Tax 232.8%110
Net Income $546.5% $324.5%
Notes:
1. Other Income of $12,000 in 2015 is the rent on the apartment. Expenses related to this
Income are in the Miscellaneous Expenses line.
2. Management Salaries. In 2009, Montague paid himself a salary of $40,000 as owner/
manager. In 2015, a salary of $50,000 was paid to the hired manager (plus 1% of gross sales)
3. Rent. 2,000 square feet at $33 pre square foot in 2009 and $37 in 2015.
4. Common area costs. Refers to upkeep, snow removal, etc. Conduct a Historical Financial Analysis on the above
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