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Antler Motel - Nanango - Financials - 2145ML

The document provides financial information for Antler Motel in Nanango, Queensland for the years ending June 2019, June 2020, and the period ending April 2021. It includes profit and loss statements showing room sales, costs of sales, gross profits, expenses and net profits. Operational costs are estimated to be around 60% of total turnover, leaving estimated net profits of around $115,000 for the 2020-2021 period.

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130 views3 pages

Antler Motel - Nanango - Financials - 2145ML

The document provides financial information for Antler Motel in Nanango, Queensland for the years ending June 2019, June 2020, and the period ending April 2021. It includes profit and loss statements showing room sales, costs of sales, gross profits, expenses and net profits. Operational costs are estimated to be around 60% of total turnover, leaving estimated net profits of around $115,000 for the 2020-2021 period.

Uploaded by

saikrishna44
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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TOURISM BROKERS

working together

Antler Motel
33 Henry Street NANANGO QLD 4615

WORKINGS FOR ANTLER NANANGO JUNE 2021

10 MONTHS TO END OF APRIL 2021 Gross Profit $229,056 Ex GST

(Turnover) $252,901) Ex GST

ACTUAL MONTH OF MAY 2021 (Turnover) $39,115 Ex GST

PROJECTED MONTH OF JUNE (Turnover) $27,273 Ex GST

Total for the 2021 year (Turnover) $319,289 Ex GST

Expenses for the first 10 months

$151,958 divided by turnover $ 252,901 ran at 60% operational costs including rental

Assuming 60% of the 11 months actual and 1 month projected NET PROFIT 2021

TURNOVER OF $319,289 BY 60% = $191,573 EXPENSES expected

Leaving a net of $127,715.60 (The variation is in the rental paid)

Turnover ex GST $319,289 @ 35% operational costs= $111,751.15 expenses prior to rental

$319,289 less $111,751.15 = Prior to rental = $207,537.85

$207,537.85 less rental $92,469 = $115,068.85 for the 2020-2021 period Ex GST

Expected maintainable earnings based upon prior performance: $115,068.85


THE OLDFIELD FAMILY TRUST
ANTLER MOTEL NANANGO

PROFIT AND LOSS STATEMENT - SALE OF BUSINESS


FOR THE YEARS ENDED 30 JUNE 2019 and 2020
FOR THE PERIOD ENDED 30 APRIL 2021

YTD 2021 2020 2019


$ $ $

Sales
Room sales 252,901 248,887 283,217

Cost of Sales
Purchases & Charges back 23,844 32,858 45,453

Gross Profit 229,056 216,028 237,764

Expenses
Advertising 724 - 1,055
Bank & Merchant charges 2,309 2,361 2,969
Cleaning 8,251 8,792 10,570
Commissions 335 886 572
Depreciation - Immediate write-off assets - - 5,631
Electricity & Gas 7,442 8,332 9,382
Insurance 4,357 4,031 3,490
Permits & Fees 300 54 122
Postage Printing & Stationery 332 180 301
Professional Fees 3,000 3,000 2,600
Rates & Outgoings 10,146 9,259 13,233
Rent 76,684 82,466 92,469
Repairs & Maintenance (incl. Painting) 9,216 8,448 11,798
Wages 22,507 20,975 14,337
Superannuation - Staff 1,636 1,302 1,074
Telephone & Internet 2,975 3,441 2,458
Telephone system lease 1,459 1,750 433
WorkCover 286 298 182

Total Expenses 151,958 155,576 172,676

Net Profit 77,098 60,452 65,088

This statement was prepared for the purposes of our client only, from information supplied to us by the client.
We have not carried out an audit and consequently do not accept any responsibility to persons who rely on these statements.

VICTOR BIMROSE ACCOUNTANCY PTY LTD


Chartered Accountants
Cnr Millwell Rd & Evans Street Maroochydore QLD 4558
Telephone (07) 5479 5499

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