(1) The profit and loss account is to be drawn up in a tiered format according to the “cost of production” method or according to the “cost of sales” method. In this context, the items designated in subsection (2) or (3) are to be shown separately in the stated sequence.
(2) The following are to be shown if the “cost of production” method is applied:
1. Turnover
2. Increase or reduction of stocks of finished goods and work in progress
3. Work performed by the enterprise for its own purposes and carried as an asset
4. Other operating earnings
5. Expenditures on materials:
a) Expenditures for raw materials, auxiliary supplies and consumables and for purchased goods
b) Expenditures for purchased services
6. Staff costs:
a) Wages and salaries
b) Social security contributions and expenditures for old-age pension schemes and for support,
with a separate indication of those relating to the old-age pension scheme
7. Amortisations / depreciations of:
a) Intangible assets forming part of the fixed assets and of tangible fixed assets
b) Assets reported as part of the current assets, to the extent that they exceed the depreciations customarily stated for the share capital company
8. Other operating expenses
9. Income from participating interests,
with a separate indication of that derived from affiliated enterprises
10. Income from other investments and loans forming part of the financial assets,
with a separate indication of that derived from affiliated enterprises
11. Other interest receivable and similar income,
with a separate indication of that derived from affiliated enterprises
12. Depreciations of financial assets and of investment securities forming part of the current assets
13. Interest payable and similar expenses,
with a separate indication of amounts payable to affiliated enterprises
14. Taxes on income and earnings
15. Profit or loss after taxes
16. Other taxes
17. Net income for the year / net loss for the year.
(3) The following are to be shown if the “cost of sales” method is applied:
1. Turnover
2. Cost of production of the services provided in order to attain the turnover
3. Gross profit or loss
4. Distribution costs
5. General administrative expenses
6. Other operating income
7. Other operating expenses
8. Income from participating interests,
with a separate indication of that derived from affiliated enterprises
9. Income from other investments and loans forming part of the financial assets,
with a separate indication of that derived from affiliated enterprises
10. Other interest receivable and similar income,
with a separate indication of that derived from affiliated enterprises
11. Depreciations of financial assets and of investments forming part of the current assets
12. Interest payable and similar expenses,
with a separate indication of amounts payable to affiliated enterprises
13. Taxes on income and earnings
14. Profit or loss after taxes
15. Other taxes
16. Net income for the year / net loss for the year.
(4) Changes in the capital reserves and retained earnings may be shown in the profit and loss account only below the item “Net income for the year / net loss for the year.”
(5) Micro share capital companies (section 267a) may present their profit and loss account as follows, instead of the tiers set out in subsections (2) and (3):
1. Turnover,
2. Other earnings,
3. Expenditures on materials,
4. Staff costs,
5. Depreciations,
6. Other expenses,
7. Taxes,
8. Net income for the year / net loss for the year.