EC Meeting May 2018
GFTUET TRADING COMPANY LIMITED
INCOME STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2017
2017
2016
Notes
£
£
Turnover
1,431,423
1,470,793
Cost of sales
840,100
978,261
Gross profit
591,323
492,532
Administrative expenses
698,055
657,382
Operating loss
4
(106,732)
(164,850)
Gift Aid
5
48,000
78,000
(154,732)
(242,850)
Interest receivable and similar income
44
70
Loss before taxation
(154,688)
(242,780)
Tax on loss
-
-
Loss for the financial year
(154,688)
(242,780)
The notes form part of these financial statements
5
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