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INCOME STATEMENT

 Is a financial statement that measures a company’s financial performance over a specific accounting period. Financial performance is assessed by giving a summary of how the business incurs its revenues and expenses through both operating and non-operating activities. It also shows the net profit or loss incurred over a specific accounting period, typically over a fiscal quarter or year (Colin, 2008). And Lynch (2003) support Colin (2008) by saying that because the income statement shows how much a company earned or lost during the year, many analyst’s stockholders and potential investors consider it the most important report available. An income statement contests the revenues earned from selling goods and services, or from other events, against all costs and outlays experienced in the operation of the company and the difference is the net income (or loss) for the year.

The following is the income statement of the Cresta Marakanelo for the year ended 31 December 2012.

How can they minimize their expenses while at least making a profit? Because in the above statement it shows that the finance income is less than finance expense.