Financial statements
Finance
Income statement, balance sheet and the ratios that read them — the layer below the gross-margin line that the operational pages stop at.
Entity-level statements. Operational filters do not apply - a balance sheet has no region or protein dimension.
All figures on this page are synthetic. Northgate Retail Group is a fictional retail group; the data is generated by seed/ and no real company's results are shown.
Income statement
Invoiced sales, gross sales, discounts and COGS are read from the sales fact, so the top line matches the Overview.
| Line | FY2024 | FY2025 | FY2026 (9 mo) | % of sales (FY2025) |
|---|---|---|---|---|
| Invoiced sales | $11,986,317 | $10,537,948 | $8,205,814 | 100.0% |
| Cost of goods sold | $9,543,082 | $8,207,276 | $6,534,403 | 77.9% |
| Gross profit | $2,443,234 | $2,330,672 | $1,671,411 | 22.1% |
| Operating expenses | $1,985,287 | $1,755,362 | $1,371,284 | 16.7% |
| Depreciation & amortisation | $132,333 | $116,003 | $89,311 | 1.1% |
| Other expense (income) | $10,558 | $3,163 | $633 | 0.0% |
| Interest expense | $66,912 | $59,283 | $45,655 | 0.6% |
| Pre-tax income | $248,144 | $396,862 | $164,528 | 3.8% |
| Income tax expense | $65,758 | $105,168 | $48,099 | 1.0% |
| Net income | $182,386 | $291,693 | $116,429 | 2.8% |
Gross to net sales
26 approved return credits are netted here.
| Gross sales | $11,042,383 |
| Less discounts | ($504,435) |
| Less return credits | ($60,052) |
| Less discount & return handling | ($8,410) |
| Net sales | $10,469,485 |
| Invoiced sales (the basis above) | $10,537,948 |
Of every dollar invoiced, 2.8% reaches net income; cost of goods takes the largest single step.
Balance sheet
Balances as at 2025-09-30. Net assets is derived as total assets less total liabilities. Assets and liabilities are modelled from independent drivers, so this is a residual rather than a retained-earnings account that rolls forward from net income.
| Cash | $138,011 |
| Accounts receivable | $906,044 |
| Inventory | $863,580 |
| Prepaid expenses | $58,309 |
| Total current assets | $1,965,945 |
| Property, plant & equipment, net | $8,337,540 |
| Intangible assets | $2,150,000 |
| Total assets | $12,453,485 |
| Accounts payable | $649,432 |
| Accrued liabilities | $73,922 |
| Current portion of debt | $1,200,000 |
| Total current liabilities | $1,923,354 |
| Long-term debt | $6,957,600 |
| Total liabilities | $8,880,954 |
| Net assets (residual) | $3,572,530 |
Receivables aging
Month-end receivable book by days past invoice.
27.8% of the receivable book is past invoice date; $15,512 has aged beyond 90 days.
Monthly result
Invoiced sales against net income, with the net margin on the right axis.
Net income ran from $18,097 to $30,777 across the year, on a margin between 2.1% and 3.5%.
Operating expense mix
Where the operating cost base sits, for the fiscal year shown.
Selling & sales compensation is the largest line at 37.5% of operating expense.
Liquidity
Working capital and the current ratio, month by month across the whole dataset.
The current ratio holds between 1.02× and 1.51× across the period.
Monthly detail
FY2025 by month. Operating expenses, D&A, interest, tax and the balance sheet are a seeded financial layer. Every other figure on this page derives from them.
| Month | Invoiced sales | Gross profit | Operating expenses | Net income | Net margin | Working capital | Current ratio |
|---|---|---|---|---|---|---|---|
| Oct 2024 | $802,282 | $169,369 | $129,740 | $18,853 | 2.3% | $169,092 | 1.09× |
| Nov 2024 | $984,801 | $220,309 | $161,190 | $30,777 | 3.1% | $371,454 | 1.17× |
| Dec 2024 | $1,125,096 | $238,010 | $186,753 | $23,451 | 2.1% | $808,076 | 1.36× |
| Jan 2025 | $970,725 | $209,150 | $162,204 | $21,368 | 2.2% | $481,419 | 1.23× |
| Feb 2025 | $764,323 | $173,292 | $124,777 | $26,580 | 3.5% | $298,263 | 1.15× |
| Mar 2025 | $827,698 | $183,148 | $146,015 | $18,097 | 2.2% | $154,242 | 1.08× |
| Apr 2025 | $872,162 | $203,109 | $148,087 | $28,874 | 3.3% | $371,904 | 1.19× |
| May 2025 | $806,262 | $181,414 | $133,646 | $24,965 | 3.1% | $133,709 | 1.07× |
| Jun 2025 | $786,255 | $173,540 | $131,643 | $21,275 | 2.7% | $83,129 | 1.04× |
| Jul 2025 | $899,310 | $197,483 | $145,256 | $27,974 | 3.1% | $201,320 | 1.10× |
| Aug 2025 | $910,370 | $201,956 | $148,039 | $28,231 | 3.1% | $313,235 | 1.15× |
| Sep 2025 | $788,666 | $179,893 | $138,011 | $21,250 | 2.7% | $42,590 | 1.02× |
Operating expenses, D&A, interest, tax and the balance sheet are a seeded financial layer. Every other figure on this page derives from them. Incomplete months excluded from every figure on this page: 2026-07-01. Dataset version 1786821775000.