How to calculate a decline in turnover - for the NSW Govt COVID Grant.

20 July

If you are thinking of applying for the for the NSW Govt COVID Grant you will need to calculate how much you turnover has declined.

They call this a ‘decline in turnover’.

To do this, you subtract the 2021 year's number from the 2019 year's number, then divide that result by the 2019 year's number.

Then multiply it by 100.

Note, you are to compare a minimum 2-week period from 26 June 2021 to 17 July 2021 inclusive, to the same period in 2019.

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