TCSLedgInvestorStmt
Property Management
Summary Statement of Operations as at 31 Jul 2006
Investor: I1000 The Smith Trust
This Month
This Month
This Month
This Year
This Year
This Year
Actual
Budget
Variance
Budget
Variance
Actual
Property: Lakeside Cotttage
Ownership Period: 01 Jan 2006 to present day
1,005
1,005
Income - Accomodation
5,929
5,929
1,005
1,005
Income - Net Accommodation
5,929
5,929
Direct Costs
3
(3)
1,005
1,005
Total Gross Margin
5,932
5,932
308
(308)
General Expenses
(1,407)
1,407
385
(385)
Payroll
(1,565)
1,565
41
(41)
Commission/Lease Expenses
(297)
297
151
(151)
Management Fee - 15%
(889)
889
52
(52)
Legal
(386)
386
280
(280)
Sales and Marketing
(981)
981
20
(20)
Repairs and Maintenance
(78)
78
281
(281)
Room Operating Costs
(1,310)
1,310
7
(7)
Stationery and Supplies
(90)
90
1,526
(1,526)
Total Expenses
(7,003)
7,003
(521)
(521)
Hotel Profit Pre FF&E
(1,071)
(1,071)
FF & E
(44)
44
(521)
(521)
Hotel Profit
(1,116)
(1,116)
511
(511)
Body Corporate
(1,941)
1,941
(1,031)
(1,031)
Hotel Operating Profit
(3,521)
(3,521)
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Printed on 20 Sep 2006 at 09:15 AM