Heading into neighbouring Cambodia.pptx
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deliver the fourth Vintage Shamrock event in May. Based predominantly in Counties Wexford and Waterford, with excursions into County Cork, this exclusive event for prewar special cation cars explored the renowned Irish scenery, hospitality and charm, with some unforgettable twists along the way.https://rallytheglobe.com/
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Income statement definition
An income statement is a financial statement that reports a company's financial performance over a specific accounting period. It is one of the three important financial statements used for reporting a company’s financial performance, the other two being the balance sheet and the cash flow statement. The income statement focuses on the revenue, and expenses reported by a company during a particular period. It provides valuable insights into a company’s operations, the efficiency of its management, underperforming sectors, and its performance relative to industry peers.
The income statement is also known as the profit and loss (P&L) statement or the statement of revenue and expense. It starts with the details of sales and then works down to compute net income and eventually earnings per share (EPS). The income statement does not differentiate between cash and non-cash receipts (sales in cash vs. sales on credit) or cash vs. non-cash payments/disbursements (purchases in cash vs. purchases on credit).
Key income statement items
Revenue is the total amount of money a company earns from its operations, usually from the sale of goods or services. For example, a car manufacturer’s revenue would be the total amount of money it earns from selling cars.
Cost of Goods Sold (COGS) represents the direct costs associated with producing or delivering the goods or services sold by a company. In the auto industry, COGS would include the cost of raw materials, labor, and other expenses directly related to manufacturing vehicles.
Gross Profit is calculated by subtracting the COGS from the revenue.
Selling, General, and Administrative (SG&A) expenses represents the costs associated with a company's non-production activities, such as sales, marketing, and administrative functions. In the auto industry, SG&A expenses would include salaries of sales personnel, advertising expenses, rent for office spaces, and other costs related to running the business.
Depreciation & Amortization: Depreciation refers to the systematic allocation of the cost of a tangible asset over its useful life. Amortization, on the other hand, is the process of spreading out the cost of an intangible asset over its useful life. In the auto industry, depreciation and amortization expenses would include the depreciation of manufacturing equipment, vehicles, and amortization of patents or trademarks.
Interest Expenses represents the costs associated with borrowing money or using credit facilities. Interest expenses are incurred when a company has outstanding debt or loans. In the auto industry, interest expenses would include interest paid on loans used to finance manufacturing facilities or purchase equipment.
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Heading into neighbouring Cambodia.pptx
- 2. New challenge event Provisional Dates 30 Sept to 13 Oct 2024
- 3. Starting from Ho Chi Minh City, formerly known as Saigon
- 5. we spend our first four days exploring the mountains and coastline of this beautiful country
- 6. In June, our ‘Carrera’ series continued This time taking us to france for the carrera riviera. 42 cars competed along the 11-day route from deauville on the normallyndy coast to the mediterranean and glorious cannes, put together by legendary french co-driver, denis giraudet
- 7. including a spectacular loop around the city of Da Nang.
- 8. who want to explore www.rallytheglobe.com the world in historic and classic vehicles. All our club’s rallies come with highly experienced support crew and safety cover including
- 10. WITH SIGNIFICANT OFF-ROAD SECTIONS AS WELL AS CARRERA CATEGORY RALLIES www.rallytheglobe.com
- 11. WE CROSS THE MIGHTY MEKONG RIVER www.rallytheglobe.com
- 12. Partnering with irish racing green deliver the fourth Vintage Shamrock event in May. Based predominantly in Counties Wexford and Waterford, with excursions into County Cork, this exclusive event for pre-war special cation cars explored the renowned Irish scenery, hospitality and charm, with some unforgettable twists along the way. www.rallytheglobe.com
- 13. WE ORGANISE MARATHON AND CHALLENGE CATEGORY RALLIES www.rallytheglobe.com
- 14. Our Alaska to Mexico Marathon which will be our endurance event for 2023, and will be an epic 12,000km adventure for the 50 cars signed up to take part.Starting in Anchorage, and finishing 30 days later in Cabo San Lucas, crews will traverse 38 lines of latitude and a whole array of incredible and varied scenery,for one unforgettable experience. www.rallytheglobe.com
- 15. You can access details of all our upcoming rallies below, and we will shortly be announcing further events for 2024 and beyond, including another Generations Rally, Vintage Shamrock and Carrera. www.rallytheglobe.com