13790-TEC-Annual-Report-23.v5 - Flipbook - Page 14
FINANCIAL
PERFORMANCE
THE ENERGY CONSORTIUM STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 31 MARCH 2023
2023
£
1,410,723
1,439,981
(1,472,529)*
(741,436)
(61,806)
£698,545
(653,133)
(530,682)
Operating (loss)/profit
Interest receivable and similar income
Interest receivable and similar income
(696,939)
167,863
3,388
343
-
(12)
(Loss/profit before tax
Tax on (loss)/profit
(Loss)/profit after tax
(693,551)
168,194
161,344
(22,344)
(532,207)
145,850
Retained earnings at the beginning of the year
2,253,055
2,107,205
(Loss)/profit for the year
(532,207)
145,850
Retained earnings at the end of the year
1,720,848
2,253,055
Turnover
Cost of sales
Gross (loss)/profit
Administrative expenses
12
2022
£
THE ENERGY CONSORTIUM - ANNUAL REPORT 2023
