Financial report for the school production
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Introduction
FINANCIAL REPORT FOR SCHOOL PRODUCTION AIM: The aim of the financial report is to supply information on the costs and revenue of the school production to the school governors. The finance office had some data on the income and expenditure of the school production. This was used to generate an analysis of the revenue of the production for the governors meeting. REVENUE: The production took placed on three 3 evenings, the hall could seat a total of three hundred and the tickets cost: Adult tickets= �6.00 Children ticket = �2.50 OAP tickets = �3.00 1st Night Tickets Types Total tickets Total Revenue Adult tickets 132 *�6.00 �792 Children ticket 50 * �2.50 �125 OAP tickets 20 * �3.00 �60 Total tickets and Amount 202 �977 First night The first night of the production, the number of sales of the adult tickets were higher than the children tickets because a child would be accompanied by his or her parents and other members of family (such as any OAP's like their grandparents). ...read more.
Middle
The OAPs tickets was also decreased from 10% to 6% as compare to the first night show and a decrease of 4% as you wouldn't expert an OAPs to fill the place up because it is specifically meant for children. As the children's tickets was14% as compare to the first night ticket of 25%, this shows a decreased of 11%. The percentage of the ticket sold was 85% as compare to the first night which was 67%, an increased of 18%. This means that increasing the children's ticket up can solve this problem 3rd Night TICKETS TYPES Total tickets Total Revenue Adult tickets 99 *6.00 �594 Children ticket 179 *2.50 �447.50 OAP tickets 22 *3.00 �66 Total tickets and Amount 300 �1184.50 Third night On the third night of the production, there was a significant change in the production. This time, the adult's ticket was 33% and the children tickets was 60% as compared to those two previous nights. The children ticket was 27% higher than the adult ticket. ...read more.
Conclusion
profit over the three nights were: 3524.00 - 436.50 3087.50 EXPENSES OF PRODUCTION ITEMS AMOUNT COSTUME HIRE �250 MATERIAL FOR SCENERY �75 MAKE UP �17.50 WIRING LIGHTS �24 OVERTIME FOR SCHOOL KEEPERS �35 TICKET PRINTING AND LEAFLET �20 ADVERTISING �15 TOTAL AMOUNT �436.50 This is the expense they spend for the production to take place. Conclusion The overall money rose for the school production was satisfactory, and will be put towards next year's school production to help reduce the cost. The best way to generate higher amount profit is to increase the amount of the children's tickets. The money they put in the advertisement wasn't enough. In other to generate money out of it, they should have put more money in the advertisement in other to bring more people to the first night show. To generate money from a production you will apparently have to put higher amount of money for you to get higher amount of profit. ?? ?? ?? ?? FINANCIAL REPORT DAVID EFFAH 6709 FINANCIAL REPORT ...read more.
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