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Glossary

Income statement

The statement of revenue and costs over a period, a quarter or a year, ending with the net income or loss.

Value bars Revenue of 500 million minus costs, interest and tax leaves net income of 50 million. INCOME STATEMENT Revenue 500m Cost of sales −300m Gross profit 200m Operating costs −120m Operating profit 80m Interest + tax −30m Net income 50m

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