FP&A · Budget control
Actual vs budget
Monthly budget control for Northwind Shipping (fictional), an 8-vessel fleet of tankers, bulk carriers and offshore supply vessels. Actuals are closed through Sep 2026. All names and figures are synthetic; the structure mirrors a real budget-control model I ran in shipping.
Income statement · Feb 2026 · USD
| Line | Budget | Actual | Var. | Var. % |
|---|---|---|---|---|
| Gross hire | 3,220k | 3,252k | +32k | +1.0% |
| Off-hire | −115k | −128k | −13k | −11.4% |
| Net hire revenue | 3,105k | 3,124k | +19k | +0.6% |
| Crew | −1,008k | −1,008k | 0k | −0.0% |
| Running cost | −786k | −780k | +5k | +0.7% |
| Supplies | −141k | −140k | +2k | +1.2% |
| Repairs & maintenance | −173k | −173k | 0k | −0.1% |
| Lubricants | −94k | −92k | +2k | +2.3% |
| Insurance | −110k | −110k | 0k | −0.2% |
| Communications & IT | −31k | −31k | 0k | +0.5% |
| Port costs | −79k | −78k | 0k | +0.5% |
| Certificates & surveys | −47k | −47k | 0k | −0.6% |
| Spare parts | −110k | −108k | +2k | +1.5% |
| Bareboat leases | −140k | −140k | 0k | +0.0% |
| Drydock provision | −178k | −178k | 0k | +0.0% |
| Vessel operating result | 993k | 1,018k | +25k | +2.5% |
| G&A · Finance | −40k | −40k | 0k | +0.6% |
| G&A · Operations | −60k | −60k | 0k | −0.7% |
| G&A · HR | −20k | −20k | 0k | +0.6% |
| G&A · IT | −30k | −30k | 0k | −0.0% |
| G&A · Management | −50k | −49k | +1k | +2.9% |
| EBITDA | 793k | 819k | +26k | +3.3% |
| Depreciation | −501k | −501k | 0k | +0.0% |
| EBIT | 292k | 318k | +26k | +8.9% |
| Net interest | −180k | −200k | −20k | −11.0% |
| Income tax (simplified, 25%) | −28k | −30k | −2k | −5.4% |
| Net result | 84k | 89k | +5k | +5.4% |
Costs are shown as negatives; a positive variance is always favorable.
Synthetic data for a fictional company, for illustration only.