Statement of Operations. The format for the income statement is shown in Appendix K of the FMG. Revenue from the department for operating and maintenance must be shown as a separate line item from other grants. Locally generated revenue must be subtotalled within the revenue section of the income statement.
Statement of Operations. 3 Statement of Shareholders' Equity (Deficit).............................. 4
Statement of Operations. On or before February 15, 2001, Buyer shall prepare and deliver to Seller, (i) an audited statement of operations of the Business for the period July 1, 2000 to December 31, 2000 and (ii) a reasonably detailed calculation of EBITDA for the Business for such year. The audited statement of operations shall be prepared by Buyer's personnel in accordance with generally accepted accounting principles and shall fairly and accurately present the results of operations of the Business for the period July 1, 2000 to December 31, 2000.