profit loss statement Virtual Organizations: • Riordan • McBride • Kudler Describe important elements, noting means company.

Profit and Loss Statement for McBride Plc.

McBride Plc. has enjoyed a positive increase in its financial results, as it is best revealed throughout their most recent income statement. Starting at the end of the statement, where the costs are deduced from the incomes, it is revealed that the company has generated a net income in the amount of £22,000 thousands. The figures are revealed in the table below:

= in thousands GBP=

Net income

Yahoo Finance, 2012

The latest net income of McBride Plc. reveals a £5,000,000 increase comparative to the previous year (2009). In 2008, the net income had been of £12,000 thousand, and in 2007, it had been of £21,000 thousand. The latest figures as such indicate an important downfall in 2008 comparative to 2007, when the company's net income...
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