Profit and loss account

The profit and loss account is an accounting document which summarises, for a given period (usually the 12-month accounting year):

• what the community has sold or produced (the products);

• what it has consumed (the loads).

The income statement will therefore retrace the life of the community over a year.

As a result, it will be possible to determine the accounting result (profit or loss) for the year, by making the difference between:

• operating income (class 7 account);

• and operating expenses (class 6 account).

Products:

Sales of goods

Production of goods and/or services

Commissions

Operating grants

Withdrawals from endowments and provisions

+ financial products

+ exceptional products

Expenses:

Purchase of raw materials and/or goods

Other purchases and external charges

Taxes and charges

Staff costs

Depreciation and provisions

+ financial charges

+ exceptional charges