The Profit & Loss report shows project profit from revenue through to Profit to Distribute.
The P&L is not affected by cashflow timing. It records project revenue and costs as totals, not by when cash is received or paid.
Profit Summary
Profit to Distribute: the bottom line of the statement, after income tax on Post-Tax or before it on Pre-Tax. The opening balance for the Equity Distribution report
Project Profit (Pre-Funding): Total Revenue less Total Development Costs
Est. Project Income Tax: estimated at the Project Income Tax Rate set in Profit & Loss Options. Shown on Post-Tax only
Project Profit (Post-Funding, Pre-Tax): Total Revenue less Total Project Costs, before income tax. Shown on Post-Tax only
Project Returns
Margin on Revenue (Post-Funding): Project Profit (Post-Funding, Pre-Tax) divided by Total Revenue
Margin on Cost (Post-Funding): Project Profit (Post-Funding, Pre-Tax) divided by Total Project Costs
Profit per Lot: Project Profit (Post-Funding, Pre-Tax) divided by total lots
Profit per m²: Project Profit (Post-Funding, Pre-Tax) divided by total saleable m²
Debt Cost Ratio: Total Funding Costs divided by Total Revenue
Report Structure
Revenue: Sales Revenue, less Sales Costs (Settlement), plus the Margin Scheme GST benefit where applied. Rolls up to Net Sales Revenue. Net Other Income is added to reach Total Revenue.
Development Costs: Land and Acquisition Costs, Professional Fees, Construction Costs, Construction Contingency, Infrastructure & Authority Fees, Land Holding Costs and Marketing Costs. Rolls up to Total Development Costs.
Funding Costs: funding fees and funding interest. Rolls up to Total Funding Costs.
On Post-Tax, the statement deducts Project Income Tax and closes at Project Profit (Post-Funding, Post-Tax). On Pre-Tax, there is no tax row and it closes at Project Profit (Post-Funding, Pre-Tax). The closing figure is the opening balance carried into Equity Distribution.
Profit & Loss Options
Click the blue gear icon to choose how profit is distributed.
Distribute Profit: Pre-Tax distributes the full profit with no income tax applied. Post-Tax applies income tax before profit is distributed
Project Income Tax Rate: the rate used to estimate income tax. Shown on Post-Tax only
Both settings are shared with Equity Distribution. A change in either report updates both.
Income tax estimates are indicative only. Seek professional advice for the project's tax position.
