diff --git a/erpnext/accounts/report/profitability_based_on_cost_center/__init__.py b/erpnext/accounts/report/profitability_based_on_cost_center/__init__.py
deleted file mode 100644
index e69de29..0000000
--- a/erpnext/accounts/report/profitability_based_on_cost_center/__init__.py
+++ /dev/null
diff --git a/erpnext/accounts/report/profitability_based_on_cost_center/profitability_based_on_cost_center.js b/erpnext/accounts/report/profitability_based_on_cost_center/profitability_based_on_cost_center.js
deleted file mode 100644
index c66cc4c..0000000
--- a/erpnext/accounts/report/profitability_based_on_cost_center/profitability_based_on_cost_center.js
+++ /dev/null
@@ -1,55 +0,0 @@
-// Copyright (c) 2016, Frappe Technologies Pvt. Ltd. and contributors
-// For license information, please see license.txt
-
-frappe.require("assets/erpnext/js/financial_statements.js", function() {
-	frappe.query_reports["Profitability based on Cost Center"] = {
-		"filters": [
-			{
-				"fieldname": "company",
-				"label": __("Company"),
-				"fieldtype": "Link",
-				"options": "Company",
-				"default": frappe.defaults.get_user_default("Company"),
-				"reqd": 1
-			},
-			{
-				"fieldname": "fiscal_year",
-				"label": __("Fiscal Year"),
-				"fieldtype": "Link",
-				"options": "Fiscal Year",
-				"default": frappe.defaults.get_user_default("fiscal_year"),
-				"reqd": 1,
-				"on_change": function(query_report) {
-					var fiscal_year = query_report.get_values().fiscal_year;
-					if (!fiscal_year) {
-						return;
-					}
-					frappe.model.with_doc("Fiscal Year", fiscal_year, function(r) {
-						var fy = frappe.model.get_doc("Fiscal Year", fiscal_year);
-						query_report.filters_by_name.from_date.set_input(fy.year_start_date);
-						query_report.filters_by_name.to_date.set_input(fy.year_end_date);
-						query_report.trigger_refresh();
-					});
-				}
-			},
-			{
-				"fieldname": "from_date",
-				"label": __("From Date"),
-				"fieldtype": "Date",
-				"default": frappe.defaults.get_user_default("year_start_date"),
-			},
-			{
-				"fieldname": "to_date",
-				"label": __("To Date"),
-				"fieldtype": "Date",
-				"default": frappe.defaults.get_user_default("year_end_date"),
-			}
-		],
-		"formatter": erpnext.financial_statements.formatter,
-		"tree": true,
-		"name_field": "account",
-		"parent_field": "parent_account",
-		"initial_depth": 3
-	}
-});
-
diff --git a/erpnext/accounts/report/profitability_based_on_cost_center/profitability_based_on_cost_center.json b/erpnext/accounts/report/profitability_based_on_cost_center/profitability_based_on_cost_center.json
deleted file mode 100644
index cc29860..0000000
--- a/erpnext/accounts/report/profitability_based_on_cost_center/profitability_based_on_cost_center.json
+++ /dev/null
@@ -1,18 +0,0 @@
-{
- "add_total_row": 0, 
- "apply_user_permissions": 1, 
- "creation": "2016-08-23 03:12:00.957918", 
- "disabled": 0, 
- "docstatus": 0, 
- "doctype": "Report", 
- "idx": 0, 
- "is_standard": "Yes", 
- "modified": "2016-08-23 03:12:00.957918", 
- "modified_by": "Administrator", 
- "module": "Accounts", 
- "name": "Profitability based on Cost Center", 
- "owner": "Administrator", 
- "ref_doctype": "GL Entry", 
- "report_name": "Profitability based on Cost Center", 
- "report_type": "Script Report"
-}
\ No newline at end of file
diff --git a/erpnext/accounts/report/profitability_based_on_cost_center/profitability_based_on_cost_center.py b/erpnext/accounts/report/profitability_based_on_cost_center/profitability_based_on_cost_center.py
deleted file mode 100644
index 095936d..0000000
--- a/erpnext/accounts/report/profitability_based_on_cost_center/profitability_based_on_cost_center.py
+++ /dev/null
@@ -1,186 +0,0 @@
-# Copyright (c) 2013, Frappe Technologies Pvt. Ltd. and contributors
-# For license information, please see license.txt
-
-from __future__ import unicode_literals
-import frappe
-from frappe import _
-from frappe.utils import flt, getdate, formatdate, cstr
-from erpnext.accounts.report.financial_statements import filter_accounts
-from erpnext.accounts.report.trial_balance.trial_balance import validate_filters
-
-value_fields = ("income", "expense", "total")
-
-def execute(filters=None):
-	validate_filters(filters)
-	data = get_data(filters)
-	columns = get_columns()
-	return columns, data
-
-def get_data(filters):
-	accounts = frappe.db.sql("""select name, parent_cost_center as parent_account, cost_center_name as account_name, lft, rgt
-		from `tabCost Center` where company=%s order by lft""", filters.company, as_dict=True)
-
-	if not accounts:
-		return None
-
-	accounts, accounts_by_name, parent_children_map = filter_accounts(accounts)
-
-	min_lft, max_rgt = frappe.db.sql("""select min(lft), max(rgt) from `tabCost Center`
-		where company=%s""", (filters.company,))[0]
-
-	gl_entries_by_account = {}
-
-	set_gl_entries_by_account(filters.company, filters.from_date,
-		filters.to_date, min_lft, max_rgt, gl_entries_by_account, ignore_closing_entries=not flt(filters.with_period_closing_entry))
-
-	total_row = calculate_values(accounts, gl_entries_by_account, filters)
-	accumulate_values_into_parents(accounts, accounts_by_name)
-
-	data = prepare_data(accounts, filters, total_row, parent_children_map)
-
-	return data
-
-def calculate_values(accounts, gl_entries_by_account, filters):
-	init = {
-		"income": 0.0,
-		"expense": 0.0,
-		"total": 0.0
-	}
-
-	total_row = {
-		"cost_center": None,
-		"account_name": "'" + _("Total") + "'",
-		"warn_if_negative": True,
-		"income": 0.0,
-		"expense": 0.0,
-		"total": 0.0
-	}
-
-	for d in accounts:
-		d.update(init.copy())
-
-		# add opening
-
-		for entry in gl_entries_by_account.get(d.name, []):
-			if cstr(entry.is_opening) != "Yes":
-				if entry.type == 'Income':
-					d["income"] += flt(entry.credit) - flt(entry.debit)
-				if entry.type == 'Expense':
-					d["expense"] += flt(entry.debit) - flt(entry.credit)
-
-				d["total"] = d.get("income") - d.get("expense")
-
-		total_row["income"] += d["income"]
-		total_row["expense"] += d["expense"]
-
-	total_row["total"] = total_row.get("income") - total_row.get("expense")
-
-	return total_row
-
-def accumulate_values_into_parents(accounts, accounts_by_name):
-	for d in reversed(accounts):
-		if d.parent_account:
-			for key in value_fields:
-				accounts_by_name[d.parent_account][key] += d[key]
-
-def prepare_data(accounts, filters, total_row, parent_children_map):
-	data = []
-	company_currency = frappe.db.get_value("Company", filters.company, "default_currency")
-
-	for d in accounts:
-		has_value = False
-		row = {
-			"account_name": d.account_name,
-			"account": d.name,
-			"parent_account": d.parent_account,
-			"indent": d.indent,
-			"from_date": filters.from_date,
-			"to_date": filters.to_date,
-			"currency": company_currency
-		}
-
-		for key in value_fields:
-			row[key] = flt(d.get(key, 0.0), 3)
-			
-			if abs(row[key]) >= 0.005:
-				# ignore zero values
-				has_value = True
-
-		row["has_value"] = has_value
-		data.append(row)
-		
-	data.extend([{},total_row])
-
-	return data
-
-def get_columns():
-	return [
-		{
-			"fieldname": "account",
-			"label": _("Cost Center"),
-			"fieldtype": "Link",
-			"options": "Cost Center",
-			"width": 300
-		},
-		{
-			"fieldname": "income",
-			"label": _("Income"),
-			"fieldtype": "Currency",
-			"options": "currency",
-			"width": 120
-		},
-		{
-			"fieldname": "expense",
-			"label": _("Expense"),
-			"fieldtype": "Currency",
-			"options": "currency",
-			"width": 120
-		},
-		{
-			"fieldname": "total",
-			"label": _("Gross Profit / Loss"),
-			"fieldtype": "Currency",
-			"options": "currency",
-			"width": 120
-		},
-		{
-			"fieldname": "currency",
-			"label": _("Currency"),
-			"fieldtype": "Link",
-			"options": "Currency",
-			"hidden": 1
-		}
-	]
-
-def set_gl_entries_by_account(company, from_date, to_date, root_lft, root_rgt, gl_entries_by_account,
-		ignore_closing_entries=False):
-	"""Returns a dict like { "account": [gl entries], ... }"""
-	additional_conditions = []
-
-	if ignore_closing_entries:
-		additional_conditions.append("and ifnull(voucher_type, '')!='Period Closing Voucher'")
-
-	if from_date:
-		additional_conditions.append("and posting_date >= %(from_date)s")
-
-	gl_entries = frappe.db.sql("""select posting_date, cost_center, debit, credit, 
-		is_opening, (select root_type from `tabAccount` where name = account) as type
-		from `tabGL Entry` where company=%(company)s
-		{additional_conditions}
-		and posting_date <= %(to_date)s
-		and cost_center in (select name from `tabCost Center`
-			where lft >= %(lft)s and rgt <= %(rgt)s)
-		order by cost_center, posting_date""".format(additional_conditions="\n".join(additional_conditions)),
-		{
-			"company": company,
-			"from_date": from_date,
-			"to_date": to_date,
-			"lft": root_lft,
-			"rgt": root_rgt
-		},
-		as_dict=True)
-
-	for entry in gl_entries:
-		gl_entries_by_account.setdefault(entry.cost_center, []).append(entry)
-
-	return gl_entries_by_account
\ No newline at end of file