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 · Aug 2026 · USD
| Line | Budget | Actual | Var. | Var. % |
|---|---|---|---|---|
| Gross hire | 3,565k | 3,597k | +32k | +0.9% |
| Off-hire | −115k | −65k | +50k | +43.8% |
| Net hire revenue | 3,450k | 3,532k | +82k | +2.4% |
| Crew | −1,116k | −1,166k | −50k | −4.5% |
| Running cost | −880k | −904k | −24k | −2.7% |
| Supplies | −158k | −160k | −2k | −1.0% |
| Repairs & maintenance | −194k | −199k | −5k | −2.8% |
| Lubricants | −106k | −123k | −17k | −16.0% |
| Insurance | −123k | −124k | −1k | −0.7% |
| Communications & IT | −35k | −36k | 0k | −1.2% |
| Port costs | −88k | −88k | 0k | +0.1% |
| Certificates & surveys | −53k | −53k | 0k | +0.0% |
| Spare parts | −123k | −122k | +1k | +1.0% |
| Bareboat leases | −155k | −155k | 0k | +0.0% |
| Drydock provision | −178k | −178k | 0k | +0.0% |
| Vessel operating result | 1,121k | 1,129k | +9k | +0.8% |
| G&A · Finance | −40k | −39k | +1k | +2.9% |
| G&A · Operations | −60k | −60k | 0k | +0.3% |
| G&A · HR | −20k | −20k | 0k | −0.7% |
| G&A · IT | −30k | −36k | −6k | −20.4% |
| G&A · Management | −50k | −50k | 0k | +0.5% |
| EBITDA | 921k | 925k | +4k | +0.4% |
| Depreciation | −501k | −501k | 0k | +0.0% |
| EBIT | 420k | 424k | +4k | +1.0% |
| Net interest | −180k | −201k | −21k | −11.5% |
| Income tax (simplified, 25%) | −60k | −56k | +4k | +7.0% |
| Net result | 180k | 167k | −13k | −7.0% |
Costs are shown as negatives; a positive variance is always favorable.
Synthetic data for a fictional company, for illustration only.