LLP WITH AUTOMATIC DIVISION OF ALL PROFITS |
20X5 |
20X4 |
£'000 |
£'000 |
|
Turnover |
55,500 |
49,500 |
Other operating income |
3,500 |
2,000 |
|
59,000 |
51,500 |
Other external charges |
(8,500) |
(7,500) |
Staff costs |
(21,500) |
(18,500) |
Depreciation |
(2,000) |
(2,000) |
Other operating expenses |
(11,000) |
(9,000) |
Operating profit |
16,000 |
14,500 |
Interest receivable and similar income |
1,000 |
1,000 |
Interest payable and similar charges |
(500) |
(750) |
Profit for the financial year before members' remuneration and profit shares |
16,500 |
14,750 |
Profit for the financial year before members' remuneration and profit shares |
16,500 |
14,750 |
Members' remuneration charged as an expense |
(16,500) |
(14,750) |
Result for the financial year available for discretionary division among members |
– |
– |
| This example may apply to an LLP which has a members' agreement or other profit sharing arrangement which has arrangements which automatically divide the full amount of the earned profit among members. |
|
|
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