[2-F] Income statement — Budgeted
Panoramic overview of the budget in percentage (%)
It can be clearly identified any variation that the budget has and that is not consistent. Added to that, it is projected minus the percentage in the Cost of sales of the last months of the period, showing in the month of April a Cost of sales lower to the average of the year of 67%.
It can be observed that in April, the Cost of sales and the Sales & marketing expenses went up while the Net sales went down, which increased by a percentage point the Financing cost; this is the cause of the Loss.
The percentage of the Gross profit that is destined to the Operating expenses is presented in the last row of the report and it is very important to control it (the lower, the better).