The Financial Statements - Five Years form (Jump Code: FS 5 YEARS) offers a summary of the different GIFI information from the current year, while providing a comparison with the last four taxation years.
Since this form provides an overview of the data contained in the GIFI schedules, you can use it as a corporations financial statement summary. It does not in any way replace the traditional corporations financial statement.
The form is also used by Corporate Taxprep to export the GIFI to CCH Profit Driver.
"Model properties" and "Information about the preparer" sections
The information in these sections is from the Corporate Identification and Other Information form (Jump Code: ID). This information represent the properties of the CCH Profit Driver model following import of the XML file generated from Corporate Taxprep.
Financial data section
The information in this section comes from the different GIFI forms. The amounts in the selected columns will be copied into an XML file created during the GIFI export to CCH Profit Driver.
Cross-referencing table |
|
|---|---|
|
FS 5 years |
GIFI Items |
|
Income Statement |
|
|
Revenue |
|
|
Revenue |
8089 + 8120 + 8121 + 8160 + 8161 + 8162 + 8163 + 8164 + 8165 + 8166 + 8220 + 8221 + 8222 + 8223 + 8224 + 9659 - 9650 |
|
COGS |
|
|
COGS |
8518 - 8459 - 8460 |
|
Depreciation (tangible assets) |
8459 + 8460 |
|
Operating expenses |
|
|
Operating expenses |
8520 + 8521 + 8522 + 8523 + 8524 + 8571 + 8620 + 8621 + 8622 + 8623 + 8690 + 8691 + 8740 + 8741 + 8742 + 8760 + 8761 + 8762 + 8763 + 8764 + 8810 + 8811 + 8812 + 8813 + 8860 + 8861 + 8862 + 8863 + 8864 + 8865 + 8866 + 8867 + 8868 + 8869 + 8870 + 8871 + 8872 + 8873 + 8874 + 8875 + 8876 + 8877 + 8960 + 8961 + 8962 + 8963 + 8964 + 9010 + 9011 + 9012 + 9013 + 9014 + 9110 + 9130 + 9131 + 9132 + 9133 + 9134 + 9135 + 9136 + 9137 + 9138 + 9139 + 9150 + 9151 + 9152 + 9180 + 9200 + 9201 + 9220 + 9221 + 9222 + 9223 + 9224 + 9225 + 9898 - 9832 - 9833 - 9805 - 9850 - 9791 |
|
Amortization (intangible assets) |
8570 + 9832 + 9833 |
|
Depreciation (tangible assets) |
8650 + 8670 + 9791 |
|
Bad debts written off |
8590 |
|
Salaries and wages |
9060 + 9061 + 9062 + 9063 + 9064 + 9066 |
|
Officer compensation |
9065 |
|
Lease / rent expense |
8910 + 8911 + 8912 + 8913 + 8914 + 8915 + 8916 + 8917 + 8918 |
|
Other expense/(income) |
|
|
Other expenses |
8231* + 8232* + 8610 + 8611 + 9270 + 9271 + 9272 + 9273 + 9274 + 9275 + 9276 + 9277 + 9278 + 9279 + 9280 + 9281 + 9282 + 9283 + 9284 + 9285 + 9286 + 9850 * If < 0 8231 * If < 0 8232 |
|
Interest income (-) |
8090 + 8091 + 8092 + 8093 + 8094 + 8095 + 8096 + 8097 + 8100 + 8101 + 8102 + 8103 |
|
Other income (-) |
8140 + 8141 + 8142 + 8150 + 8230 + 8231* + 8236 + 8237 + 8238 + 8239 + 8240 + 8241 + 8242 + 8243 + 8244 + 8245 + 8246 + 8247 + 8248 + 8249 + 8250 + 9650 * If > 0 8231 |
|
(Gain)/Loss disp. of assets |
8210 + 8211 + 8212 |
|
Gain on derivatives (-) |
8233* + 8234* + 8235* *If > 0 8233 *If > 0 8234 *If > 0 8235 |
|
Loss on derivatives |
8233* + 8234* + 8235* *If < 0 8233 *If < 0 8234 *If < 0 8235 |
|
Income from subs/other (-) |
If > 0 8232 |
|
Interest expense |
|
|
Interest expense |
8710 + 8711 + 8712 + 8713 + 8714 + 8715 + 8716 + 8717 + 9805 |
|
Taxes |
|
|
Taxes |
8790 + 9990 |
|
Deferred income tax |
9995 |
|
Non-Tax (income)/expenses |
|
|
Extraordinary items |
9975 + 9976 - 9980 + 9985 - 9998 |
|
Dividends |
|
|
Dividends |
3700 + 3701 + 3702 |
|
Adjustments |
|
|
Adjustments |
3720 + 3740 + 3741 + 3742 + 3744 + 3745 |
|
Currency adjustment |
3743 |
|
Balance Sheet |
|
|
Cash and equivalents |
|
|
Cash and equivalents |
1000 + 1001 + 1002 + 1003 + 1004 + 1005 + 1006 + 1007 |
|
Short term liquid deposits |
1181 |
|
Marketable securities |
1180 + 1182 + 1183 + 1184 + 1185 + 1186 + 1187 |
|
Acc receivable |
|
|
Acc receivable |
1060 + 1062 + 1064 + 1066 + 1067 + 1068 + 1069 + 1071 + 1073 |
|
Allowance: Doubtful accts (-) |
1061 + 1063 + 1065 + 1070 + 1072 |
|
Inventory |
|
|
Inventory |
1120 + 1122 + 1123 + 1124 + 1127 |
|
Raw materials |
1126 |
|
Work in progress |
1125 |
|
Finished goods |
1121 |
|
Other curr assets |
|
|
Other curr assets |
1480 + 1482 |
|
Tax receivable |
1483 |
|
Notes receivable |
1240 + 1241 + 1242 + 1243 + 1244 + 1460 |
|
Non trade receivables |
1300 + 1301 + 1302 + 1303 + 1380 + 1330 + 1485 + 1486 |
|
Prepaid expenses |
1484 |
|
Loans to related parties - CP |
1403 |
|
Future (def) income tax - CP |
1481 |
|
Due from related parties - CP |
1400 + 1401 + 1402 |
|
Fixed assets |
|
|
Fixed assets |
1620 + 1622 + 1624 + 1626 + 1628 + 1630 + 1632 + 1900 + 1902 + 1904 + 1906 + 1908 + 1920 + 1921 |
|
Land |
1600 + 1601 |
|
Buildings |
1680 + 1682 + 1684 |
|
Leasehold improvements |
1918 |
|
Equipment |
1740 + 1744 + 1746 + 1748 + 1750 + 1752 + 1754 + 1756 + 1758 + 1760 + 1762 + 1764 + 1766 + 1768 + 1770 + 1772 + 1774 + 1776 + 1778 + 1780 + 1782 + 1783 + 1785 |
|
Vehicles |
1742 |
|
Furniture and fixtures |
1787 |
|
Capital leases |
1910 + 1912 + 1914 + 1916 |
|
Accumulated depreciation (-) |
2009 |
|
Investments |
|
|
Investments |
2300 + 2301 + 2302 + 2303 + 2304 + 2305 + 2306 + 2307 + 2308 + 2309 + 2310 + 2311 |
|
Investment in subs |
2280 |
|
Other non curr assets |
|
|
Other non curr assets |
2180 + 2181 + 2182 + 2183 + 2420 + 2422 + 2423 + 2426 + 2590 |
|
Intangibles |
2178 - 2179 |
|
Notes receivable |
2360 + 2361 + 2362 + 2363 + 2364 |
|
Future (def) income tax |
2421 |
|
Loans to rel parties - NC |
2240 + 2241 + 2242 + 2243 + 2244 + 2245 + 2246 + 2247 + 2248 + 2249 + 2250 |
|
Prepaid/deferred exps - NC |
2424 - 2425 |
|
Cash value life insurance |
2427 |
|
Non operating non curr assets |
2190 + 2200 + 2220 |
|
Short term debt |
|
|
Short term debt |
2700 + 2701 + 2702 + 2703 + 2704 + 2705 + 2706 |
|
Current maturity LTD |
2920 |
|
Overdraft - Book |
2600 |
|
Line of Credit |
2707 |
|
Accounts payable |
|
|
Accounts payable |
2620 + 2621 + 2622 + 2623 + 2624 + 2625 + 2626 + 2627 + 2628 + 2630 |
|
Other curr liabilities |
|
|
Other curr liabilities |
2960 + 2966 |
|
Accruals |
2770 |
|
Tax payable |
2680 |
|
Dividends payable |
2962 |
|
Interest payable |
2629 |
|
Provisions |
2964 + 2965 |
|
Due to related parties - NC |
2860 + 2861 + 2862 + 2863 |
|
Non trade creditors |
2780 + 2781 + 2782 + 2783 + 2940 |
|
Billing in excess of costs |
2840 + 2961 |
|
Future (def) income tax - CP |
2963 |
|
Long term debt |
|
|
Long term debt |
3140 + 3141 + 3142 + 3143 + 3144 + 3145 + 3146 + 3147 + 3148 + 3149 + 3150 + 3151 + 3152 |
|
Long term capital lease |
3321 |
|
LT subordinated debt |
3460 |
|
Other non current liabs |
|
|
Other non current liabs |
3200 + 3210 + 3220 + 3320 + 3324 + 3326 + 3328 + 3470 |
|
Future (def) income tax - NC |
3240 |
|
Due to rel parties - NC |
3270 + 3280 + 3300 + 3301 + 3302 + 3327 |
|
Provisions |
3322 + 3323 + 3325 |
|
Loans from related Co - NC |
3260 + 3261 + 3262 + 3263 |
|
Stockholding |
|
|
Preferred stock |
3520 |
|
Common stock |
3500 |
|
Paid in capital |
3540 + 3541 |
|
Other equity |
|
|
Other equity |
3542 + 3570 + 3580 |
|
Reserves |
3543 |