Profit & Loss
Sheet1
Bounce Fitness Bounce Fitness
17B Evergreen Avenue 17B Evergreen Avenue
Cairns 4870 Cairns 4870
Operating Statement Operating Statement
August 2021 September 2021
Budgeted Budgeted
Income Income
Membership Fees $17,523.64 Membership Fees $18,403.63
Clothing Sales $540.91 Clothing Sales $395.45
10 Session cards $4,218.18 10 Session cards $9,227.28
Casual attendance fees $776.36 Casual attendance fees $534.55
PT sessions $14,018.18 PT sessions $19,607.27
Hi Protein Shakes $500.00 Hi Protein Shakes $950.00
Hi Protein Snacks $450.00 Hi Protein Snacks $675.00
Promotion 12W Fitness Challenge $12,409.10 Total Income $49,793.18
Total Income $50,436.37
Cost of Sales
Cost of Sales Cost of Sales - Clothing $1,136.36
Hi Protein
and items $3,019.96
Gross Profit $50,436.37 Total Cost of Sales $4,156.32
Expenses Gross Profit $45,636.86
General & Administrative Exp
Phone and Internet $113.64 Expenses
Total General & Administrative Exp $113.64 General & Administrative Exp
Advertising $5,318.19 Phone and Internet $113.64
Operating Expenses Total General & Administrative Exp $113.64
Lease of Gym Machines $23,000.00 Operating Expenses
Professional Fees $86.36 Lease of Gym Machines $23,000.00
Supplies for members $23.00 Professional Fees $86.36
Total Operating Expenses $23,109.36 Supplies for members $23.00
Employment Expenses Total Operating Expenses $23,109.36
Wages & Salaries $21,675.64 Employment Expenses
Other Employer Expenses $1,950.81 Wages & Salaries $21,075.64
Total Employment Expenses $23,626.45 Other Employer Expenses $1,896.81
Occupancy Costs Total Employment Expenses $22,972.45
Rent $1,000.00 Occupancy Costs
Water $260.32 Rent $1,000.00
Total Occupancy Costs $1,260.32 Water $260.32
Total Expenses $53,427.96 Total Occupancy Costs $1,260.32
Total Expenses $47,455.77
Operating Profit ($2,991.59)
Operating Profit ($1,818.91)
Other Income
Other Income
Other Expenses
Other Expenses
Net Profit / (Loss) ($2,991.59)
Net Profit / (Loss) ($1,818.91)
&8&D &8MYOB / Excel &8&T
FINANCIAL Risk Analysis – BSBFIN501
Based on the same reports used in Task 4 over the months of August and September (remembering that the financial year commences in July) outline your plan to alleviate the cu
ent ongoing risk of the business operating at a monthly loss.
Use the table below to complete this task:
1) Outline the team members that you would communicate with in relation to planning a meeting and discussing your concerns.
2) Identify the areas that you are planning to discuss with these team members.
3) Outline HOW you would communicate and liaise with the team that you have
ought together.
4) List here the relevant policies and procedures you believe would need to be reviewed in line with minimizing the financial risks of the organisation.
5) Complete the FINANCIAL RISK ANALYSIS Template below outlining your main areas of concern, costs reduction, increasing income, etc.
(Add additional rows as needed)
Financial Risks
Risk rating 1 (low) to 5 (extreme)
Plans to reduce identified risk
Date to review
1
2
3
4
5
1
BSBFIN501 – Financial Risk Analysis Template
Capital College
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