Wednesday, September 30, 2009

The Lean and Mean Machine Pte Ltd Monthly Income Statement September 2009

The second monthly income statement comes as a shock even to myself. As I monitor it almost daily, even I wondered if the Lean and Mean Machine could manage to scrape through with a profit for this month and fortunately it has.

I have made additional investments as you can see from the investment fees. Next month, when I disclose the quarterly balance sheet, you will have a better idea of what the company's portfolio size is as well as its rough performance.

Compared to the previous month, the food expenditure increased from RM582 to RM697. This is totally unacceptable as it exceeds the monthly budgeted amount of RM160 per week, which translates to RM686 for the 30 days of this month. More discipline is definitely needed to curb this excessive dining spree.

Fuel expenditure has maintained within the region of RM160, but this is still on the high side. Hopefully fuel expenditure can be reduced in coming months to push the cost down further.

You will see several new items in this month's income statement. First, the water bill is at RM27, the handphone bill is at a whopping RM170. This is because it includes the previous month's handphone bill.

Because of all these excessive unrecorded expenditure from the previous month, the net profit margin has tumbled to a meagre 2.83%. Thus, the NAV per share still managed inch up slightly.

The Lean and Mean Machine Pte Ltd Copyright © 2009

Income Statement

September 2009

Total

Interest Income

-

Dividend Income

-

Net gain on quoted disposal of investments

-

Revenue

2,215.70

Less: Operating Expenses

Food

697.18

House rent

330.00

Fuel

158.73

Parking

148.00

Books

174.70

Electricity Bill

61.50

Handphone Bill

170.00

Internet Bill

55.00

Water Bill

27.00

Futsal

10.00

Investment Fees

14.54

Others

306.35

Profit before tax

62.70

Income tax expense

-

Profit after tax

62.70

Net Income

62.70

Basic Earnings Per Share

0.0078

Net Profit Margin

2.83%

Return on Equity

0.73%

NAV

1.0169




2 comments:

  1. How do u get Earnings per share? What is the shares outstanding, and on what basis you use that number?

    Peter Lim.

    ReplyDelete
  2. Basically, net income divide by number of outstanding shares, since I don't pay dividend.

    Shares outstanding is 8000 because I started with paid-up capital of RM8000 with RM1 per share.

    ReplyDelete