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