year 2013 H 2014 H 2015 H
Assumption and drivers
Days in period 365 365 365
Income Statement
Sales Growth 16% 11%
Cost of Goods Sold 38% 41% 37%
Labour cost as a percentage of sale 26% 19% 18%
Rent and Overhead expense 10,963 10,125 10,087
Interest 5% 5% 5%
Tax rate 31% 29% 29%
Depriciation and Amortization Exp 43% 43% 43%
Balance sheet
Recievable days 18 18 18
Payable days 36 36 36
Invertory days 73 73 73
Loan repay 50,000 50,000 30,000
PPE 45,500 42,350 40,145
Income Statement
Revenue $102,007 $118,086 $131,345
Cost of Goods Sold 39,023 48,004 49,123
Gross Profit 62,984 70,082 82,222
Expenses
Salaries and Benefits 26,427 22,658 23,872
Rent and Overhead 10,963 10,125 10,087
Depreciation & Amortization 19,500 18,150 17,205
Interest 2,500 2,500 1,500
Total Expenses 59,390 53,433 52,664
Earnings Before Tax 3,594 16,649 29,558
Taxes 1,120 4,858 8,483
Net Earnings $2,474 $11,791 $21,075
Balance sheet
Assets
Cash $67,971 $81,210 $83,715
Accounts Receivable 5,100 5,904 6,567
Inventory 7,805 9,601 9,825
Property & Equipment 45,500 42,350 40,145
Total Assets $126,376 $139,065 $140,252
Liabilities
Accounts Payable 3,902 4,800 4,912
Debt 50,000 50,000 30,000
Total Liabilities 53,902 54,800 34,912
Shareholder's Equity
Equity Capital 70,000 70,000 70,000
Retained Earnings 2,474 14,265 35,340
Shareholder's Equity 72,474 84,265 105,340
Total Liabilities & Shareholder's $126,376 $139,065 $140,252
test No error No error No error
Cash flow statement
Operating Cash Flow
Net Earnings 2,474 11,791 21,075
Plus: Depreciation & Amortization 19,500 18,150 17,205
Less: Changes in Working Capital 9,003 1,702 775
Cash from Operations 12,971 12,971 37,505
Investing Cash Flow
Investments in Property & Equipm 15,000 15,000 15,000
Cash from Investing 15,000 15,000 15,000
Financing Cash Flow
Issuance (repayment) of debt - - (20000)
Issuance (repayment) of equity 70000 - -
Cash from Financing 70000 0 (20000)
Net Increase (decrease) in Cash 67,971 13,239 2,505
Opening Cash Balance - 67,971 81,210
Closing Cash Balance 67,971 81,210 83,715
Chart of graph
Revenue $102,007 $118,086 $131,345
Net Earning 2% 10% 16%
Net income vs Reve
$250,000
$200,000
$150,000
$100,000
$50,000
$0
2013 H
2014 H
2015 H
2016 H
2017 H
2018
$50,000
$0
2013 H
2014 H
2015 H
2016 H
2017 H
2018
Revenue $102,007 $118,086 $131,345
Cost of Goods Sold 39,023 48,004 49,123
Salaries and Benefits 26,427 22,658 23,872
Rent and Overhead 10,963 10,125 10,087
Depreciation & Amortization 19,500 18,150 17,205
Interest 2,500 2,500 1,500
Taxes 1,120 4,858 8,483
Net Earnings $2,474 $11,791 $21,075
Revenue vs Expenses and Net Ea
$450,000
$400,000
$350,000
$300,000
$250,000
$200,000
$150,000
$100,000
$50,000
$0
2013 2014 2015 2016 2017
Revenue Cost of Goods Sold Salaries and
Depreciation & Amortization Interest Taxes
Schedules
property plant and equipment
beginnig 45,500 42,350 40,145
capital expenditure(addition/dispostion) 15,000 15,000 15,000
deperecation 19,500 18,150 17,205
Net ppe 80,000 75,500 72,350
Retained earning
Beginnig 0 2,474 14,265
Net Earning 2,474 11,791 21,075
RE of End 2,474 14,265 35,340
Long term debt
beginning 50,000 50,000 30,000
additions(repayments) - - (20,000)
LTD 50,000.00 50,000.00 10,000.00
long term debt interest 2,500 2,500 1,500
working capital schedule
Account receivable 5,100 5,904 6,567
inventory 7,805 9,601 9,825
Account Payable 3,902 4,800 4,912
Start 12/31/2018
End 12/31/2020
No of Period 3
2016 H 2017 H 2018 F 2019 F 2020 F
365 365 365 365 365 365
8% 6% 10.0% 10.0% 10.0% 10.0%
37% 38% 42.0% 47.0% 50.0% 36.0%
16% 17% 17.0% 17.0% 17.0% 17.0%
11,020 11,412 15,000 15,000 15,000 15,000
5% 5% 10% 10% 10% 10%
29% 29% 28.0% 28.0% 28.0% 28.0%
43% 43% 35.0% 35.0% 35.0% 35.0%
18 18 18 18 18 18
36 37 37 37 37 37
73 73 80 90 100 100
30,000 30,000 0 0 (20,000) 0
38,602 37,521 15,000 15,000 15,000 15,000
$142,341 $150,772 165,849 182,434 200,678
52,654 56,710 69,657 85,744 100,339
89,687 94,062 96,193 96,690 100,339
23,002 25,245 28,194 31,014 34,115
11,020 11,412 15,000 15,000 15,000
16,544 16,080 13,132 13,786 14,211
1,500 1,500 3,000 3,000 1,000
52,066 54,237 59,327 62,800 64,326
37,622 39,825 36,866 33,890 36,013
10,908 11,598 10,322 9,489 10,084
$26,713 $28,227 26,543 24,401 25,929
$111,069 $139,549 $161,050 $179,174 $178,547
7,117 7,539 8,179 8,997 9,896
10,531 11,342 15,267 21,142 27,490
38,602 37,521 39,389 40,603 41,392
$167,319 $195,951 223,884 249,916 257,325
5,265 5,671 7,061 8,692 10,171
30,000 30,000 30,000 30,000 10,000
35,265 35,671 37,061 38,692 20,171
70,000 70,000 70,000 70,000 70,000
62,053 90,280 116,823 141,224 167,153
132,053 160,280 186,823 211,224 237,153
$167,319 $195,951 223,884 249,916 257,325
No error No error No error No error No error
26,713 28,227 26,543 24,401 25,929
16,544 16,080 13,132 13,786 14,211
903 827 (3,175) (5,062) (5,768)
42,354 43,480 36,501 33,125 34,372
15,000 15,000 (15,000) (15,000) (15,000)
15,000 15,000 (15,000) (15,000) (15,000)
- - - - (20,000)
- - - - -
0 0 0 0 (20000)
27,354 28,480 21,501 18,125 (628)
83,715 111,069 139,549 161,050 179,174
111,069 139,549 161,050 179,174 178,547
$142,341 $150,772 $165,849 $182,434 $200,678
19% 19% 16% 13% 13%
Net income vs Revenue
2015 H
2016 H
2017 H
2018 H
2019 H
2015 H
2016 H
2017 H
2018 H
2019 H
2020 H
$142,341 $150,772 $165,849 $182,434 $200,678
52,654 56,710 69,657 85,744 100,339
23,002 25,245 28,194 31,014 34,115
11,020 11,412 15,000 15,000 15,000
16,544 16,080 13,132 13,786 14,211
1,500 1,500 3,000 3,000 1,000
10,908 11,598 10,322 9,489 10,084
$26,713 $28,227 $26,543 $24,401 $25,929
evenue vs Expenses and Net Earning
2015 2016 2017 2018 2019 2020
Cost of Goods Sold Salaries and Benefits Rent and Overhead
tization Interest Taxes Net Earnings
38,602 37,521 39,389 40,603 41,392
15,000 15,000 (15,000) (15,000) (15,000)
16,544 16,080 13,132 13,786 14,211
70,146 68,601 37,521 39,389 40,603
35,340 62,053 90,280 116,823 141,224
26,713 28,227 26,543 24,401 25,929
62,053 90,280 116,823 141,224 167,153
30,000 30,000 30,000 30,000 10,000
- - - - (20,000)
30,000.00 30,000.00 30,000.00 30,000.00 (10,000.00)
1,500 1,500 3,000 3,000 1,000
7,117 7,539 8,179 8,997 9,896
10,531 11,342 15,267 21,142 27,490
5,265 5,671 7,061 8,692 10,171
365
10.0%
35.0%
17.0%
15,000
10%
28.0%
35.0%
18
37
100
0
15,000
