Source of Data
This summary of profits (or rather losses) at BHS over five years to 2014 is derived from the audited accounts of the company.
| Year | 2014 | 2013 | 2012 | 2011 | 2010 |
| Sales | 668,037,000 | 675,653,000 | 699,769,000 | 740,313,000 | 794,883,000 |
| Cost of Goods Sold | 673,666,000 | 676,540,000 | 709,602,000 | 731,618,000 | 743,437,000 |
| Gross Profit / Loss | -5,629,000 | -887,000 | -9,833,000 | 8,695,000 | 51,446,000 |
| Gross Profit Margin | -0.84% | -0/13% | -1.41% | 1.17% | 6.47% |
| Operating Overheads | 49,649,000 | 49,432,000 | 55,894,000 | 52,356,000 | 57,671,000 |
| Operating Profit / Loss | -55,278,000 | -50,319,000 | -65,727,000 | -43,661,000 | -6,225,000 |
| Tax Paid Profit / Loss for the Year | -69,080,000 | -55,290,000 | -82,118,000 | -36,810,000 | -6,996,000 |
Gross Profit and Gross Profit Margin
Normally simply the difference between sales and cost of goods sold represents the gross profit. Cost of goods sold is calculated as opening stock plus purchases less closing stock.
In the case of these accounts though other overheads and expenses have been charged to the cost of sales, including wages and rents and rates. It is more usual to charge these individually in the selling expenses section of the profit and loss account.
Operating Overheads and Profits
Those expenses which are directly and exclusively associated with the operating (i.e. core trading) activities of a business represent the operating overheads.
Deducting these from gross profit represents the operating profit of a business. Exceptional items such as income or expenditure connected with investments, interest charges or the disposal of non-trading assets are only deducted once the operating profit has been struck.