Profit & Loss: Inside the world of private Irish business

Kelly’s Agricultural Machinery had a profit of €499,850 in 2017, slightly down from €545,283 the previous year, despite turnover rising from €23.6 million to €25 million.

The company also saw its costs rise from €28.9 million to €24.5 million. Its accumulated profits stood at €513,347, up from €13,497 the year before.

It had assets worth €16.4 million, made up of stocks worth €10.8 million, debtors worth €3.2 million, cash worth €730,129, and tangible ...