Forecasting income statement For Adairs Limited • Forecast key elements of income statements for the company for the next THREE financial years. • Present the key ratios (in a table format) used to forecast key income statement items in the report. • Present these income statements (key elements only, in a table format) in the report.

 

2018A $ $ $ $ $ $ $ $ $ $ $ $ 2019A 2020A 314,769,000.00 $ 344,430,000.00 $ 388,933,000.00 125,119,000.00 $ 147,306,000.00 $ 166,814,000.00 189,650,000.00 $ 197,124,000.00 $ 222,119,000.00 62,734,000.00 $ 64,351,000.00 $ 36,829,000.00 15,798,000.00 $ 2,907,000.00 $ 20,481,000.00 44,000.00 $ 347,000.00 $ 296,000.00 252,384,000.00 $ 261,475,000.00 $ 258,948,000.00 5,719,000.00 $ 6,394,000.00 $ 7,217,000.00 $ $ 3,189,000.00 (1,112,000.00)| $ (1,295,000.00) $ (712,000.00) 44,000.00 $ 77,000.00 $ 90,000.00 1,489,000.00 $ 1,237,000.00 $ 1,822,000.00 $ $ 4,181,000.00 43,816,000.00 $ 4,286,000.00 $ 52,791,000.00 (13,255,000.00) $ (12,643,000.00) $ (17,510,000.00) 30,562,000.00 $ 29,643,000.00 $ 35,281,000.00 Adairs limited income statement Financial year ended 30 June Revenue COGS Gross Profit SG&A Expenses Other Operating expenses Other Income EBITDA Depreciation Expense | PPE Depreciation Expense | right of use of assets Amortization Expense Interest income Interest expense | debt Interest expense | Lease liabilities Profit before Tax Income tax Expense Net profit