Sheet 1: P & L Taxi Business 1

	
	
	
	
	
	

		
 SAMPLE PROFIT & LOSS STATEMENT 
		
	

		
OF TAXI BUSINESS (DRIVEN BY OWNER)
		
	

		
FOR THE YEAR ENDED  
		
	

		


		


		
SCHEDULE 1 
		
	

		


		


		


		


		
NOTES
	
	

		
OPERATING INCOME 
		


		


		


	
	

		
Taxi Fare Received
		
 $-   
		


		


		
1
	
	

		
Tips Received from Passengers 
		
 $-   
		


		


		
2
	
	

		
TOTAL OPERATING INCOME
		


		
 $-   
		


		
3
	
	

		


		


		


		


		


	
	

		
ADD: NON OPERATING INCOME
		


		


		


		


	
	

		
Proceeds From Sale of Fixed Assets (Taxi Only)
		
 $-   
		


		


		
4
	
	

		
TOTAL NON OPERATING INCOME
		


		
 $-   
		


		
5
	
	

		
TOTAL INCOME
		


		


		
 $-   
		
6
	
	

		


		


		


		


		


	
	

		
OPERATING EXPENSS
		


		


		


		


	
	

		
Fuel & Oil (Used in Taxi)
		
 $-   
		


		


		
7
	
	

		
Repairs & Maintenance (For Taxi)
		
 $-   
		


		


		
8
	
	

		
Base Fee
		
 $-   
		


		


		
9
	
	

		
Fees paid to LTA (excluding fines for offences)
		
 $-   
		


		


		
10
	
	

		
Depreciation - Taxi
		
 $-   
		


		


		
11
	
	

		
TOTAL OPERATING EXPENSES
		
 $-   
		


		


		
12
	
	

		


		


		


		


		


	
	

		
FINANCIAL EXPENSES
		


		


		


		


	
	

		
Bank Charges (Related to Taxi Business)
		
 $-   
		


		


		
13
	
	

		
Interest (For Taxi Loan Account)
		
 $-   
		


		


		
14
	
	

		
TOTAL FINANCIAL EXPENSES
		
 $-   
		


		


		
15
	
	

		


		


		


		


		


	
	

		
OTHER EXPENSES
		


		


		


		


	
	

		
Written Down Value of Taxi Sold
		
 $-   
		


		


		
16
	
	

		
TOTAL OTHER EXPENSES
		
 $-   
		


		


		
17
	
	

		
TOTAL EXPENSES
		


		
 $-   
		


		
18
	
	

		
LESS: Expenses for Private Use of Taxi
		


		
 $-   
		


		
19
	
	

		
TOTAL EXPENSES FOR TAXI BUSINESS
		


		


		
 $-   
		
20
	
	

		


		


		


		


		


	
	

		
NET PROFIT BEFORE TAX 
		


		


		
 $-   
		
21
	
	

		


		


		


		


		


	
	

		
OTHER COMPONENTS OF PROFIT & LOSS STATEMENT NOT LISTED ABOVE CAN BE ADDED IF YOUR BUSINESS IS HAVING FINANCIAL TRANSACTIONS RELATED TO THESE COMPONENTS.  
		



Sheet 2: P & L Taxi Business 2

	
	
	
	
	
	

		
 SAMPLE PROFIT & LOSS STATEMENT 
		
	

		
OF TAXI BUSINESS (CONTRACTED TO DRIVER)
		
	

		
FOR THE YEAR ENDED 31ST DECEMBER 2013 
		
	

		


		


		
SCHEDULE 1 
		
	

		


		


		


		


		
NOTES
	
	

		
OPERATING INCOME 
		


		


		


	
	

		
Taxi Income
		


		
 $-   
		


		
1
	
	

		


		


		


		


		


	
	

		
ADD: NON OPERATING INCOME
		


		


		


		


	
	

		
Proceeds From Sale of Fixed Assets (Taxi Only)
		
 $-   
		


		


		
2
	
	

		
TOTAL NON OPERATING INCOME
		


		
 $-   
		


		
3
	
	

		
TOTAL INCOME
		


		


		
 $-   
		
4
	
	

		


		


		


		


		


	
	

		
LESS: EXPENSES 
		


		


		


		


	
	

		
OPERATING EXPENSS
		


		


		


		


	
	

		
Repairs & Maintenance (For Taxi)
		
 $-   
		


		


		
5
	
	

		
Base Fee
		
 $-   
		


		


		
6
	
	

		
Fees paid to LTA (excluding fines for offences)
		
 $-   
		


		


		
7
	
	

		
Depreciation - Taxi
		
 $-   
		


		


		
8
	
	

		
TOTAL OPERATING EXPENSES
		
 $-   
		


		


		
9
	
	

		


		


		


		


		


	
	

		
FINANCIAL EXPENSES
		


		


		


		


	
	

		
Bank Charges (Related to Taxi Business)
		
 $-   
		


		


		
10
	
	

		
Interest (For Taxi Loan Account)
		
 $-   
		


		


		
11
	
	

		
TOTAL FINANCIAL EXPENSES
		
 $-   
		


		


		
12
	
	

		


		


		


		


		


	
	

		
OTHER EXPENSES
		


		


		


		


	
	

		
Written Down Value of Taxi Sold
		
 $-   
		


		


		
13
	
	

		
TOTAL OTHER EXPENSES
		
 $-   
		


		


		
14
	
	

		
TOTAL EXPENSES
		


		
 $-   
		


		
15
	
	

		
LESS: Expenses for Private Use of Taxi
		


		
 $-   
		


		
16
	
	

		
TOTAL EXPENSES FOR TAXI BUSINESS
		


		


		
 $-   
		
17
	
	

		
NET PROFIT BEFORE TAX 
		


		


		
 $-   
		
18
	
	

		


		


		


		


		


	
	

		
OTHER COMPONENTS OF PROFIT & LOSS STATEMENT NOT LISTED ABOVE CAN BE ADDED IF YOUR BUSINESS IS HAVING FINANCIAL TRANSACTIONS RELATED TO THESE COMPONENTS.  
		



Sheet 3: Bal Sheet Taxi Business

	
	
	
	
	
	
	

		
SAMPLE BALANCE SHEET
		
	

		
OF TAXI BUSINESS
		
	

		
AS AT 31ST DECEMBER 2013
		
	

		


		


		


		


		
SCHEDULE 2 
		
	

		


		


		


		


		


		
NOTES
	
	

		
ASSETS
		


		


		


	
	

		
CURRENT ASSETS
		


		


		


	
	

		
Cash at Bank
		


		


		
 $-   
		


		
1
	
	

		
Cash on Hand
		


		


		
 $-   
		


		
2
	
	

		
Debtors
		


		
 $-   
		


		
3
	
	

		
Insurance In Advance
		


		
 $-   
		


		
4
	
	

		
TOTAL CURRENT ASSETS
		
 $-   
		


		
5
	
	

		


		


		


		


		


		


	
	

		
FIXED ASSETS
		


		


		


	
	

		
TAXI (at Cost)
		
 $-   
		


		


		
6
	
	

		
Less: Accumulated Depreciation
		
 $-   
		


		


		
7
	
	

		
Written Down Value 
		


		


		
 $-   
		


		
8
	
	

		
Land (Owned by you)
		


		
 $-   
		


		
9
	
	

		
Building (at Prime Cost)
		
 $-   
		


		


		
10
	
	

		
Less: Accumulated Depreciation
		
 $-   
		


		


		
11
	
	

		
Written Down Value 
		


		


		
 $-   
		


		
12
	
	

		
Motor Vehicle (at cost)
		
 $-   
		


		


		
13
	
	

		
Less: Accumulated Depreciation
		
 $-   
		


		


		
14
	
	

		
Written Down Value 
		


		


		
 $-   
		


		
15
	
	

		
TOTAL FIXED ASSETS
		


		
 $-   
		


		
16
	
	

		
TOTAL ASSETS
		


		


		
 $-   
		
17
	
	

		


		


		


		


		


		


	
	

		
LIABILITIES 
		


		


		


		


	
	

		
CURRENT LIABILITIES
		


		


		


		


	
	

		
Creditors
		


		
 $-   
		


		
18
	
	

		
TOTAL CURRENT LIABILITIES
		


		
 $-   
		


		
19
	
	

		


		


		


		


		


	
	

		
LONG TERM LIABILTIES
		


		


		


		


	
	

		
Loan Payable
		


		
 $-   
		


		
20
	
	

		
Taxi Loan Payable
		


		
 $-   
		


		
21
	
	

		
TOTAL LONG TERM LIABILITIES 
		


		
 $-   
		


		
22
	
	

		
TOTAL LIABILTIES
		


		


		
 $-   
		
23
	
	

		


		


		


		


		


	
	

		
NET ASSETS (Total Assets less Total Liabilities)
		


		


		
 $-   
		
24
	
	

		


		


		


		


		


		


	
	

		
Equity 
		


		


		


		


	
	

		
Beginning Capital
		


		
 $-   
		


		
25
	
	

		
ADD: Net Profit After Tax for the Year
		


		
 $-   
		


		
26
	
	

		


		


		
 $-   
		


		
27
	
	

		
LESS: Drawings
		


		
 $-   
		


		
28
	
	

		
CLOSING EQUITY
		


		


		
 $-   
		
29
	
	

		


		


		


		


		


	
	

		
OTHER COMPONENTS OF BALANCE SHEET NOT LISTED ABOVE CAN BE ADDED IF YOUR BUSINESS IS HAVING FINANCIAL TRANSACTIONS RELATED TO THESE COMPONENTS.