An income statement template structured to IFRS presentation requirements. Separates operating expenses by nature and function, isolates finance costs and tax, and calculates key subtotals including gross profit, operating profit, profit before tax, and net income. Designed for European companies reporting under IFRS who need a clean, auditable P&L structure for both internal planning and external reporting. For background on IFRS-aligned budgeting, see [IFRS Budgeting and Planning: A European Perspective](/blog/ifrs-budgeting-and-planning-european-perspective).
What's included
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Step by step
Populate revenue lines by product or service stream for each quarter. The template supports IFRS 15 disaggregation by recognising revenue by type (goods, services, licences) and timing (point in time, over time).
Enter operating expenses using either the nature-of-expense method (raw materials, employee costs, depreciation) or the function-of-expense method (cost of sales, distribution, administration). The template supports both presentations.
Enter interest expense, lease liability interest (IFRS 16), and other finance costs separately from operating expenses. Add the income tax charge with the effective tax rate calculation.
Check the auto-calculated gross profit, operating profit, profit before tax, and net income lines. The template also calculates EBITDA as a non-IFRS measure for management reporting.
Enter prior year figures in the comparative columns. The template calculates year-on-year variance both in absolute terms and as a percentage.
Watch out
Classifying finance lease interest as an operating expense instead of a finance cost
Not separating discontinued operations from continuing operations in the P&L
Using a single blended tax rate instead of the statutory rate adjusted for permanent differences
Omitting other comprehensive income items such as FX translation differences and hedge gains/losses
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