TEC 2024 Annual Report Final - Flipbook - Page 14
FINANCIAL
PERFORMANCE
THE ENERGY CONSORTIUM STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 31 MARCH 2024
2024
£
2023
£
Turnover
Cost of sales
1,890,318
1,410,723
(696,651)
(1,472,529)*
Gross (loss) / profit
Administrative expenses
1,193,667
£61,806
(764,624)
(653,133)
Operating (loss) / profit
Interest receivable and similar income
429,043
696,939
34,170
3,388
(Loss) / profit before tax
Tax on (loss) / profit
(Loss) / profit after tax
463,213
(693,551
(116,000)
161,344
347,213
(532,207)
1,720,848
2,253,055
347,213
(532,207)
2,068,061
1,720,848
Retained earnings at the beginning of the year
(Loss) / profit for the year
Retained earnings at the end of the year
12
THE ENERGY CONSORTIUM - ANNUAL REPORT 2024
