Kasumiaruanne

Kasumiaruanne, or income statement, is a financial statement that shows a company’s profitability over a defined period. In Estonian accounting practice it records revenues and expenses to reveal the net profit or loss for the period. The document typically includes line items such as revenue (turnover), cost of goods sold, gross profit, operating expenses (for example selling, general and administrative costs), depreciation and amortization, and operating profit. Non-operating items may include interest income and costs, other financial income and expenses, and gains or losses from financial activities. After tax, the net profit or loss is reported as the bottom line.

Formats of the kasumiaruanne vary. It can be presented by function, grouping expenses by their role in the business (such as cost of sales, selling and administrative expenses, and other operating costs), or by nature, classifying costs according to their economic character (such as personnel costs, materials, depreciation). This flexibility reflects different reporting traditions and user needs.

Regulatory context in Estonia: the kasumiaruanne forms part of the annual financial statements prepared under Estonian accounting standards and the Accounting Act. Smaller enterprises may use simplified presentation or exemptions as prescribed by law. The kasumiaruanne is usually accompanied by the balance sheet (bilanss) and the cash flow statement (rahavoogude aruanne).

Purpose and users: the document informs management decisions and provides information to investors, lenders, and regulators about profitability, cost structure, and tax obligations. It also serves as a basis for calculating earnings per share and assessing financial performance over the reporting period.

See also: Bilanss, Rahavoogude aruanne, Financial statements.