Table 2

Port companies’ standardized income statement and balance sheet format; variables included in the analysis are written in italic

Income statementBalance sheet
TurnoverASSETS
 + other incomeFixed assets
 − materials and servicesCurrent assets
 − salaries and personnelLIABILITIES
 − depreciationsEquity 
 − other expensesDebtLong-term debt
 = Operating marginShort-term debt
 + financing gains and dividends  
 − interest payments and financing expenses  
 = Profit before taxes  
 − taxes  
 = Profit (after taxes)  
Source(s): Table created by authors

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