This statement sets out sample figures for Merryn and Leni, of our fictional tech company. It shows two years, before and after they move from expensive rented premises to a co-working space — see operating expenses. Profit and loss statements are also called P&L or income statements. They show all earnings and all costs over a time period, eg a quarter or a year. To get the most from this sample statement, read our guide to income statements, and follow Merryn and Leni’s story, on the business.