INSTRUCTIUNI

1 Change the assumptions on the "Quick Assumptions" tab by typing numbers into the yellow high
Schimba ipoteza de lucru completant spatiile cu galben din workseet'ul "Quick Assumption"

2 Optional: to create even more customized or detailed changes to the assumptions, modify the "F
Opional: pentru a crea schimbari mai personalizate si/sau detaliate modifica ipotezele de lucru

3 Optional: if you have multiple revenues streams (e.g., multiple products or services), use the "m
Opional: dac avei mai multe fluxuri de venituri (de exemplu, mai multe produse sau servicii), u

g numbers into the yellow highlighted cells

eet'ul "Quick Assumption"

he assumptions, modify the "Full Assumptions" and/or "Headcount" tabs.

te modifica ipotezele de lucru din workseet'urile "Full Assumptions" and/or "Headcount"

ducts or services), use the "multiple revenue streams" tab.

i multe produse sau servicii), utiliza i workseet'ul "Multiple Revenues Steams"

Directions: insert your assumptions into the highlighted cells in column B. The current figures
Instructiuni: introduce-ti estimarile in celulele marcate cu galben din coloana B. Valorile actuale
Product/Service Revenue & Expense Assumptions
Venituri si Cheltuieli estimate din Produse/Servicii
Revenues
Venituri
Number of units you expect to sell each month
Mumarul de unitati pe care estimezi ca le vei vinde lunar
Expected annual sales growth rate
Rata de crestere anuala estimata
Average price you charge per unit
Pretul mediu pe unitate
Expected annual growth rate in your price
Rata de crestere anuala a pretului
Costs
Costuri
Direct cost per unit sold
Costuri directe pe unitate vanduta
Expected quarterly growth rate in your per unit cost
Rata de crestere trimestriala a costurilor pe unitate

2,000
10.0%
$25.00
10.0%

$5.00
10.0%

Company Expenses
Cheluielile Companiei
Salaries
Salariile
Your Salary each Month
Salariul tau Lunar
Expected annual growth rate in your salary
Rata de crestere anuala preconizata a salariului tau
Others' Salaries each Month
Alte Salarii Lunare
Expected annual growth rate in other salary expenses
Rata de crestere anuala preconizata a celorlalte salarii
Marketing Expenses
Cheltuieli de marketing
Expected initial Monthly marketing expense
Cheltuieli Initiale de Marketing Lunare Preconizate
Expected Annual growth rate in marketing expenses
Rata de crestere anuala preconizata a Cheltuielilor de Marketing
Rent/Utilities
Chirii / Utilitati
Expected initial Monthly Rent/Utilities expense
Cheltuieli preconizate initial pentru Chirii / Utilitati
Expected Annual growth rate in Rent/Utilities expenses
Rata de crestere anuala preconizata a Cheltuielilor cu Chiriile/Utilitati
Other Expenses
Alte Cheltuieli
Insurance
Asigurari
Expected Annual growth rate with Insurance
Rata de crestere anuala preconizata cu Asigurarile
Office Supplies
Echipamente de Birou (Birotica)

$7,500
5.0%
$12,000
3.0%

$5,000
5.0%

$3,000
3.0%

$500
3.0%
$250

Expected Annual growth rate with Office Supplies

Rata de crestere anuala preconizata cu Echipamentele de Birou
Other Expense 1
Alte Cheltuieli 1
Expected Annual growth rate with Other Expense 1
Rata de crestere anuala preconizata cu alte Cheltuieli 1
Other Expense 2
Alte Cheltuieli 2
Expected Annual growth rate with Other Expense 2
Rata de crestere anuala preconizata cu alte Cheltuieli 2
Other Expense 3
Alte Cheltuieli 3
Expected Annual growth rate with Other Expense 3
Rata de crestere anuala preconizata cu alte Cheltuieli 3

3.0%
$0
0.0%
$0
0.0%
$0
0.0%

Capital Expenditures
Capital Expenditures Year 1
Capitalul de Investitie Dotari Firma Anul 1

$25,000

Financing Options
% of Capital needed financed by Debt
% din Capitalul necesar finatat prin indatorare
% of Capital needed financed by Equity
% din Capitalul necesar finatat prin fonduri de investitii

100.0%
0.0%

d cells in column B. The current figures are for illustrative purposes only.
cu galben din coloana B. Valorile actuale sunt doar ilustrative.

Notes
Detalieri
Monthly sales
Vanzari Lunare
Annual sales growth
Rata de crestere anuala a vanzarilor
Your average price that you will charge per product or service unit sold.
Pretul mediu solicitat per unitate de produs sau serviciu vandut
This is how much you expect to raise your prices each year
Cat de mult te astepti sa fie rata de crestere a pretului in fiecare an

How much it costs you to produce or deliver each unit sold

Cat de mare este costul asociat fiecarui produs realizat sau serviciu vandut
This is how much you expect to raise your direct product costs to grow each quarter
Cat de mult te astepti sa fie rata de crestere a costurilor cu productia in fiecare trimestru

You can further customize your Salaries on the "Headcount" tab

Poti configura salariile mai detaliat in workseet'ul "Heardcount"
Enter your MONTHLY desired salary
Introduce-ti Salariul Lunar preconizat
Enter the amount your salary should increase each YEAR
Introduce-ti rata de crestere a salariului tau annual
Enter the MONTHLY amount of salaries you will have to pay your team
Introduce-ti Suma Lunara ce reprezinta Salariile platite Echipei
Enter the amount other salaries will increase each YEAR
Introduce-ti rata de crestere a Salariilor platite Echipei

Enter your initial MONTHLY marketing expense

Introduce-ti cheltuielile de marketing initial preconizate
Enter the amount in which Marketing expenses will increase each YEAR
Introduce-ti rata de crestere anuala ca cheltuielilor cu Marketingul

Enter your initial MONTHLY Rent/Utilities expense

Introduce-ti cheltuielile initiale preconizate cu Chiriile / Utilitatile
Enter the amount in which Rent/Utilities expenses will increase each YEAR
Introduce-ti rata de crestere anuala ca cheltuielilor cu Chiriile / Utilitatile
Complete only the relevant "other" expenses.
Introduce-ti doar alte cheltuieli relevante.
Initial MONTHLY expense
Cheltuieli Lunare Initiale
Expected ANNUAL increase in this expense
Preconizari de crestere anuala a Cheltuielilor,
Initial MONTHLY expense
Cheltuieli Lunare Initiale

Expected ANNUAL increase in this expense

Preconizari de crestere anuala a Cheltuielilor,
Initial MONTHLY expense
Cheltuieli Lunare Initiale
Expected ANNUAL increase in this expense
Preconizari de crestere anuala a Cheltuielilor,
Initial MONTHLY expense
Cheltuieli Lunare Initiale
Expected ANNUAL increase in this expense
Preconizari de crestere anuala a Cheltuielilor,
Initial MONTHLY expense
Cheltuieli Lunare Initiale
Expected ANNUAL increase in this expense
Preconizari de crestere anuala a Cheltuielilor,
For Other Expenses #1-#3, leave the figures blank if not relevant
If relevant, replace text in Column A with the name of the expense.
Pentru Alte Cheltuieli 1 - 3 lasa neschimbate valorile de zero.
In caz contrar modifica denumire din coloana A
Dollar amount of key purchases you have to make (to buy computers, desks, equipment, space build-out, etc.)
Introduce-ti valoarea totala pentru anul 1 achizitiilor (de computere, birouri, dotari, amenajare spatii etc)

If your business requires financing, enter the % of the financing which will come from
daca afacerea a necesitat finantare introduce-ti % de finantare primit
debt vs. equity.
indatorare vs. finantare

Directions: you are NOT required to complete this sheet; only do so if you want to further customize or detail
your assumptions. Highlighted cells link to the "Quick Assumptions" sheet. You CAN over-write those
assumptions here if you want. Note that calculations on this sheet are QUARTERLY.
DETAILED ASSUMPTIONS
Quarterly Assumptions

Q1

Q2

Q3

Q4

Annual

Revenue Assumptions
Product/Service 1

Note: This is simple revenue model where total revenue equals to number of units multiplied
by rate per unit. However in complicated revenue model a separate sheet should be inserted.

Number of units sold

FY1
Growth
FY2
Growth
FY3
Growth
FY4
Growth
FY5
Growth

6,000

6,150
2.5%
6,788
2.5%
7,493
2.5%
8,271
2.5%
9,130
2.5%

6,304
2.5%
6,958
2.5%
7,681
2.5%
8,478
2.5%
9,358
2.5%

6,461
2.5%
7,132
2.5%
7,873
2.5%
8,690
2.5%
9,592
2.5%

24,915

$25.63
2.5%
$28.29
2.5%
$31.22
2.5%
$34.46
2.5%
$38.04
2.5%

$26.27
2.5%
$28.99
2.5%
$32.00
2.5%
$35.32
2.5%
$38.99
2.5%

$26.92
2.5%
$29.72
2.5%
$32.80
2.5%
$36.21
2.5%
$39.97
2.5%

$25.95

$27.60
2.5%
$30.46
2.5%
$33.62
2.5%
$37.11
2.5%

$150,000
$182,800
$222,700
$271,300
$330,600

$157,600
$192,000
$233,900
$285,000
$347,300

$165,600
$201,700
$245,800
$299,500
$364,900

$174,000
$211,900
$258,200
$314,600
$383,400

$647,200
$788,400
$960,600
$1,170,400
$1,426,200

$5.00

$5.13
2.5%
$5.66
2.5%
$6.24
2.5%
$6.89
2.5%
$7.61
2.5%

$5.25
2.5%
$5.80
2.5%
$6.40
2.5%
$7.06
2.5%
$7.80
2.5%

$5.38
2.5%
$5.94
2.5%
$6.56
2.5%
$7.24
2.5%
$7.99
2.5%

$5.19

$5.52
2.5%
$6.09
2.5%
$6.72
2.5%
$7.42
2.5%

$30,000
$36,600
$44,500
$54,300
$66,100

$31,500
$38,400
$46,800
$57,000
$69,500

$33,100
$40,300
$49,200
$59,900
$73,000

$34,800
$42,400
$51,600
$62,900
$76,700

$129,400
$157,700
$192,100
$234,100
$285,300

$15,000

$15,188
1.3%
$15,961
1.3%
$16,774
1.3%
$17,629
1.3%
$18,527
1.3%

$15,377
1.3%
$16,161
1.3%
$16,984
1.3%
$17,849
1.3%
$18,759
1.3%

$15,570
1.3%
$16,363
1.3%
$17,196
1.3%
$18,072
1.3%
$18,993
1.3%

$61,134

$9,068
0.8%
$9,343
0.8%
$9,626
0.8%
$9,918
0.8%
$10,219
0.8%

$9,136
0.8%
$9,413
0.8%
$9,698
0.8%
$9,992
0.8%
$10,296
0.8%

$9,204
0.8%
$9,483
0.8%
$9,771
0.8%
$10,067
0.8%
$10,373
0.8%

$36,407

$2,277
1.2%
$2,388
1.2%
$2,505
1.2%
$2,627
1.2%
$2,756
1.2%

$2,304
1.2%
$2,417
1.2%
$2,535
1.2%
$2,659
1.2%
$2,789
1.2%

$2,332
1.2%
$2,446
1.2%
$2,565
1.2%
$2,691
1.2%
$2,822
1.2%

$9,163

6,623
2.5%
7,310
2.5%
8,069
2.5%
8,907
2.5%

Price Per unit

FY1
Growth
FY2
Growth
FY3
Growth
FY4
Growth
FY5
Growth

$25.00

Total Revenue
FY1
FY2
FY3
FY4
FY5

27,502
10%
30,357
10%
33,508
10%
36,987
10%

$28.65
10%
$31.62
10%
$34.90
10%
$38.53
10%

Cost Assumptions
Product/Service 1
Per unit Cost
FY1
Growth
FY2
Growth
FY3
Growth
FY4
Growth
FY5
Growth
Total Direct Cost
FY1
FY2
FY3
FY4
FY5

$5.73
10%
$6.32
10%
$6.98
10%
$7.71
10%

Company Costs
Marketing Expenses
FY1
Growth
FY2
Growth
FY3
Growth
FY4
Growth
FY5
Growth

$15,764
1.3%
$16,567
1.3%
$17,411
1.3%
$18,298
1.3%

Rent/Utility Expenses
FY1
Growth
FY2
Growth
FY3
Growth
FY4
Growth
FY5
Growth

$9,000
$9,273
0.8%
$9,554
0.8%
$9,844
0.8%
$10,143
0.8%

Other Expenses
FY1
Growth
FY2
Growth
FY3
Growth
FY4
Growth
FY5
Growth

Tax Rate

$2,250
$2,360
1.2%
$2,475
1.2%
$2,596
1.2%
$2,723
1.2%

$64,249
$67,522
$70,962
$74,577

$37,512
$38,650
$39,822
$41,030

$9,611
$10,081
$10,573
$11,090

35%

Salary Expense
Department/ Position
You

Salary (month)
$7,500

Manager/Person #1

$0

Manager/Person #2

$0

Manager/Person #3

$0

Manager/Person #4

$0

Staff Role #1

$0

Staff Role #2

$0

Headcount
Staff Role #1

Staff Role #2

FY1
FY2
FY3
FY4
FY5
FY1
FY2
FY3
FY4
FY5

Fill in the salaries of each role if you wish to customize.

For certain staff roles (e.g., customer service), there may be multiple
staff members. Enter the # of staff members and when they join below.
Q1
1
1
1

Q2
1
1
1

Q3
1
1
1

Q4
1
1
1

Annual
1
1
1
1
1

1
1
1

1
1
1

1
1
1

1
1
1

1
1
1
1
1

You - Increase in Salary

5%

Managers - Increase in Salary

3%

Staff Roles - Increase in Salary

3%

Current Asset/Liability Turnover

Current liabilities Turnover (In number of days)

30 Of total expenses

Current Assets excluding cash ( in number of days)

40 Of total revenue

Capital Expenditure Assumptions

Tangible Assets
Fixed Assets
Depreciation rate
Capex ramp up
(Capital expenditures made)

Year 1
Year 2
Year 3
Year 4
Year 5

FY 3

FY 4

FY 5

$25,000

$0

$0

$0

$0

Q1
$25,000
$0
$0
$0
$0

Q2
$0
$0
$0
$0
$0

Q3
$0
$0
$0
$0
$0

Q4
$0
$0
$0
$0
$0

$0

$0

$0

$0

Q1
$0
$0
$0
$0
$0

Q2
$0
$0
$0
$0
$0

Q3
$0
$0
$0
$0
$0

Q4
$0
$0
$0
$0
$0

FY 2

FY 3

FY 4

Total Initial Capital Required:

Percent financed debt:
Percent financed equity:

$139,282
100%
0%

Year 1
Year 2
Year 3
Year 4
Year 5

FY 1

$139,282
One time
5
7.00%

Equity

Year End

$0

Initial Balance Sheet

Assets
Preliminary Exp
Fixed Assets - Gross
Less :Accumulated Depreciation
Net Assets
Intangible Assets
Less :Accumulated Amortization
Net Intangibles
Current asset (e.g., cash)
Liabilities
Debt outstanding
Current liabilities
Share Capital

$0

Capital Requirement

Debt borrowed
Payment method
Year of Payment
Interest rate

FY 2

20%

Intangible Assets
Intangibles( Ex:Patent)
Amortization Years
Intangible ramp up
(Intangible assets purchased)

FY 1

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

Existing businesses:
Complete this section if you have an
existing balance sheet.

FY 5

Summary

Revenues
Direct Expenses
Gross Profit
Gross Profit (%)
Other Expenses
EBITDA
Depreciation
Amortization
Preliminary Exp Written off
Interest Expense
Income Tax Expense
Net Income

FY 1
$647,200
$129,400
$517,800
80.0%
$340,800
$177,000
$5,200
$0
$0
$9,600
$56,800
$105,400

FY 2
$788,400
$157,700
$630,700
80.0%
$354,320
$276,380
$5,200
$0
$0
$9,600
$91,500
$170,080

FY 3
$960,600
$192,100
$768,500
80.0%
$372,978
$395,522
$5,200
$0
$0
$9,600
$133,200
$247,522

FY 4
$1,170,400
$234,100
$936,300
80.0%
$390,807
$545,493
$5,200
$0
$0
$9,700
$185,700
$344,893

FY 5
$1,426,200
$285,300
$1,140,900
80.0%
$409,577
$731,323
$4,200
$0
$0
$9,700
$251,100
$466,323

Directions: you are NOT required to complete this sheet; only do so if you want to further customize or detail your headcount and/or salary assumptions.
HEADCOUNT
Quarterly
Q1 FY1

Q2 FY1

FY 1
Q3 FY1

Q4 FY1

Q1 FY2

Q2 FY2

Q3 FY2

Q4 FY2

Q1 FY3

Q2 FY3

Q3 FY3

Q4 FY3

$22,500
$0
$0
$0
$0
$0
$0
$22,500
$58,500

$22,500
$0
$0
$0
$0
$0
$0
$22,500
$58,500

$22,500
$0
$0
$0
$0
$0
$0
$22,500
$58,500

$22,500
$0
$0
$0
$0
$0
$0
$22,500
$58,500

$23,625
$0
$0
$0
$0
$0
$0
$23,625
$60,705

$23,625
$0
$0
$0
$0
$0
$0
$23,625
$60,705

$23,625
$0
$0
$0
$0
$0
$0
$23,625
$60,705

$23,625
$0
$0
$0
$0
$0
$0
$23,625
$60,705

$24,806
$0
$0
$0
$0
$0
$0
$24,806
$64,144

$24,806
$0
$0
$0
$0
$0
$0
$24,806
$64,144

$24,806
$0
$0
$0
$0
$0
$0
$24,806
$64,144

$24,806
$0
$0
$0
$0
$0
$0
$24,806
$64,144

Staff Role #1 Quarterly Salary

Staff Role #2 Quarterly Salary

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

# Staff Role 1 Employees

# Staff Role 2 Employees

1
1

1
1

1
1

1
1

1
1

1
1

1
1

1
1

1
1

1
1

1
1

1
1

$22,500
$36,000
$58,500

$22,500
$36,000
$58,500

$22,500
$36,000
$58,500

$22,500
$36,000
$58,500

$23,625
$37,080
$60,705

$23,625
$37,080
$60,705

$23,625
$37,080
$60,705

$23,625
$37,080
$60,705

$24,806
$39,338
$64,144

$24,806
$39,338
$64,144

$24,806
$39,338
$64,144

$24,806
$39,338
$64,144

DEPARTMENT/ POSITION

You
Manager/Person #1
Manager/Person #2
Manager/Person #3
Manager/Person #4
Staff Role #1
Staff Role #2
Total Calculated Salaries
Total Salaries

FY 2

FY 3

Salary($)
(month)
$7,500
$0
$0
$0
$0
$0
$0

Staff Role Calculations

Quick Assumption Calculations

You
Rest of Staff
Total Salaries

###

HEADCOUNT
Annual
FY1

FY 2

FY 3

FY 4

FY 5

$90,000
$0
$0
$0
$0
$0
$0
$90,000
$234,000

$94,500
$0
$0
$0
$0
$0
$0
$94,500
$242,820

$99,225
$0
$0
$0
$0
$0
$0
$99,225
$256,578

$104,186
$0
$0
$0
$0
$0
$0
$104,186
$269,407

$109,396
$0
$0
$0
$0
$0
$0
$109,396
$282,877

Staff Role #1 Annual Salary

Staff Role #2 Annual Salary

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

# Staff Role 1 Employees

# Staff Role 2 Employees

1
1

1
1

1
1

1
1

1
1

$90,000
$144,000
234,000

$94,500
$148,320
242,820

$99,225
$157,353
256,578

$104,186
$165,220
269,407

$109,396
$173,481
282,877

DEPARTMENT/ POSITION

You
Manager/Person #1
Manager/Person #2
Manager/Person #3
Manager/Person #4
Staff Role #1
Staff Role #2
Total Calculated Salaries
Total Salaries

Salary($)

Staff Role Calculations

### You
Rest of Staff
Total Salaries

Income Statement Projections

Quarterly
FY 1
Q1 FY1
Revenues
Revenues
Total Revenue
Direct Cost
Direct Costs
Total Direct Costs
GROSS PROFIT
GROSS PROFIT(%)
Other Expenses
Salaries
Marketing Expenses
Rent/Utility Expenses
Other Expenses
Total Other Expenses
EBITDA
Depreciation
Amortization
Preliminary Exp Written off
EBIT
Interest Expense
PRETAX INCOME
Cumulative Net Operating Loss
Adjusted against Loss
Taxable Income
Income Tax Expense
NET INCOME
Net Profit Margin (%)

Q2 FY1

FY 2
Q3 FY1

Q4 FY1

Q1 FY2

Q2 FY2

FY 3
Q3 FY2

Q4 FY2

Q1 FY3

Q2 FY3

Q3 FY3

Q4 FY3

$150,000
$150,000

$157,600
$157,600

$165,600
$165,600

$174,000
$174,000

$182,800
$182,800

$192,000
$192,000

$201,700
$201,700

$211,900
$211,900

$222,700
$222,700

$233,900
$233,900

$245,800
$245,800

$258,200
$258,200

$30,000
$30,000

$31,500
$31,500

$33,100
$33,100

$34,800
$34,800

$36,600
$36,600

$38,400
$38,400

$40,300
$40,300

$42,400
$42,400

$44,500
$44,500

$46,800
$46,800

$49,200
$49,200

$51,600
$51,600

$120,000
80%

$126,100
80%

$132,500
80%

$139,200
80%

$146,200
80%

$153,600
80%

$161,400
80%

$169,500
80%

$178,200
80%

$187,100
80%

$196,600
80%

$206,600
80%

$58,500
$15,000
$9,000
$2,300
$84,800
$35,200
$1,300
$33,900
$2,400
$31,500
$31,500
$11,000
$20,500
14%

$58,500
$15,200
$9,100
$2,300
$85,100
$41,000
$1,300
$39,700
$2,400
$37,300
$37,300
$13,100
$24,200
15%

$58,500
$15,400
$9,100
$2,300
$85,300
$47,200
$1,300
$45,900
$2,400
$43,500
$43,500
$15,200
$28,300
17%

$58,500
$15,600
$9,200
$2,300
$85,600
$53,600
$1,300
$52,300
$2,400
$49,900
$49,900
$17,500
$32,400
19%

$60,705
$15,800
$9,300
$2,400
$88,205
$57,995
$1,300
$56,695
$2,400
$54,295
$54,295
$19,000
$35,295
19%

$60,705
$16,000
$9,300
$2,400
$88,405
$65,195
$1,300
$63,895
$2,400
$61,495
$61,495
$21,500
$39,995
21%

$60,705
$16,200
$9,400
$2,400
$88,705
$72,695
$1,300
$71,395
$2,400
$68,995
$68,995
$24,100
$44,895
22%

$60,705
$16,400
$9,500
$2,400
$89,005
$80,495
$1,300
$79,195
$2,400
$76,795
$76,795
$26,900
$49,895
24%

$64,144
$16,600
$9,600
$2,500
$92,844
$85,356
$1,300
$84,056
$2,400
$81,656
$81,656
$28,600
$53,056
24%

$64,144
$16,800
$9,600
$2,500
$93,044
$94,056
$1,300
$92,756
$2,400
$90,356
$90,356
$31,600
$58,756
25%

$64,144
$17,000
$9,700
$2,500
$93,344
$103,256
$1,300
$101,956
$2,400
$99,556
$99,556
$34,800
$64,756
26%

$64,144
$17,200
$9,800
$2,600
$93,744
$112,856
$1,300
$111,556
$2,400
$109,156
$109,156
$38,200
$70,956
27%

Annual
FY 1

FY 2

FY 3

FY 4

FY 5

Revenues
Revenues
Total Revenue

$647,200
$647,200

$788,400
$788,400

$960,600
$960,600

$1,170,400
$1,170,400

$1,426,200
$1,426,200

Direct Cost
Direct Costs
Total Direct Costs

$129,400
$129,400

$157,700
$157,700

$192,100
$192,100

$234,100
$234,100

$285,300
$285,300

GROSS PROFIT
GROSS PROFIT(%)

$517,800
80%

$630,700
80%

$768,500
80%

$936,300
80%

$1,140,900
80%

Other Expenses
Salaries
Marketing Expenses
Rent/Utility Expenses
Other Expenses
Total Other Expenses
EBITDA
Depreciation
Amortization
Preliminary Exp Written off
EBIT
Interest Expense
PRETAX INCOME
Net Operating Loss
Use of Net Operating Loss
Taxable Income
Income Tax Expense
NET INCOME
Net Profit Margin (%)

$234,000
$61,200
$36,400
$9,200
$340,800
$177,000
$5,200
$171,800
$9,600
$162,200
$162,200
$56,800
$105,400
16%

$242,820
$64,400
$37,500
$9,600
$354,320
$276,380
$5,200
$271,180
$9,600
$261,580
$261,580
$91,500
$170,080
22%

$256,578
$67,600
$38,700
$10,100
$372,978
$395,522
$5,200
$390,322
$9,600
$380,722
$380,722
$133,200
$247,522
26%

$269,407
$71,000
$39,800
$10,600
$390,807
$545,493
$5,200
$540,293
$9,700
$530,593
$530,593
$185,700
$344,893
29%

$282,877
$74,600
$41,000
$11,100
$409,577
$731,323
$4,200
$727,123
$9,700
$717,423
$717,423
$251,100
$466,323
33%

$1,600,000

$1,400,000

$1,200,000

$1,000,000

Revenues
Gross
Profit
Net
Income

$800,000

$600,000

$400,000

$200,000

$0
FY 1

FY 2

FY 3

FY 4

FY 5

Total Direct Costs

Salaries

Marketing Expenses

Rent/Utility Expenses

Other Expenses

Balance Sheet Projections

Quarterly
Initial Balance
Sheet

FY1
Q1 FY1

Q2 FY1

FY2
Q3 FY1

Q4 FY1

Q1 FY2

Q2 FY2

FY3
Q3 FY2

Q4 FY2

Q1 FY3

Q2 FY3

Q3 FY3

Q4 FY3

ASSETS
Cash
Other Current Assets
Total Current Assets

$0
$0

$107,700
$66,700
$174,400

$130,500
$70,000
$200,500

$157,100
$73,600
$230,700

$187,700
$77,300
$265,000

$221,895
$81,200
$303,095

$259,790
$85,300
$345,090

$302,385
$89,600
$391,985

$349,780
$94,200
$443,980

$401,336
$99,000
$500,336

$457,191
$104,000
$561,191

$518,947
$109,200
$628,147

$586,502
$114,800
$701,302

Intangible Assets

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

Acc Amortization

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

Net Intangibles

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

Fixed Assets
Accum Depreciation
Net fixed assets

$0
$0
$0

$25,000
$1,300
$23,700

$25,000
$2,600
$22,400

$25,000
$3,900
$21,100

$25,000
$5,200
$19,800

$25,000
$6,500
$18,500

$25,000
$7,800
$17,200

$25,000
$9,100
$15,900

$25,000
$10,400
$14,600

$25,000
$11,700
$13,300

$25,000
$13,000
$12,000

$25,000
$14,300
$10,700

$25,000
$15,600
$9,400

Preliminary Exp

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

TOTAL ASSETS

$0

$198,100

$222,900

$251,800

$284,800

$321,595

$362,290

$407,885

$458,580

$513,636

$573,191

$638,847

$710,702

LIABILITIES & EQUITY

Current Liabilities
Debt outstanding
Total Liabilities

$0
$0
$0

$38,300
$139,300
$177,600

$38,900
$139,300
$178,200

$39,500
$139,300
$178,800

$40,100
$139,300
$179,400

$41,600
$139,300
$180,900

$42,300
$139,300
$181,600

$43,000
$139,300
$182,300

$43,800
$139,300
$183,100

$45,800
$139,300
$185,100

$46,600
$139,300
$185,900

$47,500
$139,300
$186,800

$48,400
$139,300
$187,700

0
0
$0
$0

$0
$20,500
$20,500
$198,100
$0

$0
$44,700
$44,700
$222,900
$0

$0
$73,000
$73,000
$251,800
$0

$0
$105,400
$105,400
$284,800
$0

$0
$140,695
$140,695
$321,595
$0

$0
$180,690
$180,690
$362,290
$0

$0
$225,585
$225,585
$407,885
$0

$0
$275,480
$275,480
$458,580
$0

$0
$328,536
$328,536
$513,636
$0

$0
$387,291
$387,291
$573,191
$0

$0
$452,047
$452,047
$638,847
$0

$0
$523,002
$523,002
$710,702
$0

Share Capital
Retained earnings
Total Equity
TOTAL LIABILITIES & EQUITY
check

Balance Sheet Projections

Annual
FY 1

ASSETS
Cash
Other Current Assets
Total Current Assets

FY 2

FY 3

FY 4

FY 5

$187,700
$77,300
$265,000

$349,780
$94,200
$443,980

$586,502
$114,800
$701,302

$925,096
$130,000
$1,055,096

$1,233,637
$158,500
$1,392,137

Intangible Assets

$0

$0

$0

$0

$0

Acc Amortization

$0

$0

$0

$0

$0

Net Intangibles

$0

$0

$0

$0

$0

$25,000
$5,200
$19,800

$25,000
$10,400
$14,600

$25,000
$15,600
$9,400

$25,000
$20,800
$4,200

$25,000
$25,000
$0

Fixed Assets
Accum Depreciation
Net fixed assets

$0

$0

$0

$0

$0

TOTAL ASSETS

Preliminary Exp

$284,800

$458,580

$710,702

$1,059,296

$1,392,137

LIABILITIES & EQUITY

Current Liabilities
Debt outstanding
Total Liabilities

$40,100
$139,300
$179,400

$43,800
$139,300
$183,100

$48,400
$139,300
$187,700

$52,100
$139,300
$191,400

$57,900
$18
$57,918

Share Capital
Retained earnings
Total Equity
TOTAL LIABILITIES & EQUITY
check

$0
$105,400
$105,400
$284,800
$0

$0
$275,480
$275,480
$458,580
$0

$0
$523,002
$523,002
$710,702
$0

$0
$867,896
$867,896
$1,059,296
$0

$0
$1,334,219
$1,334,219
$1,392,137
$0

Cash Flow Projections

Quarterly
Q1 FY1

FY 1
Q2 FY1

FY 2
Q3 FY1

Q4 FY1

Q1 FY2

Q2 FY2

Q3 FY2

Q4 FY2

Q1 FY3

FY 3
Q2 FY3

Q3 FY3

Q4 FY3

$58,756
($4,200)
$1,300
$0
$0
$55,856

$64,756
($4,300)
$1,300
$0
$0
$61,756

$70,956
($4,700)
$1,300
$0
$0
$67,556

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$47,395
$302,385
$349,780

$51,556
$349,780
$401,336

$55,856
$401,336
$457,191

$61,756
$457,191
$518,947

$67,556
$518,947
$586,502

CASH FLOW FROM OPERATIONS

Net Income (Loss)
Change in Working Capital
Plus Depreciation
Plus Amortization
Plus Preliminary exp written off
Net Cash Flow from Operations

$20,500
($28,400)
$1,300
$0
$0
($6,600)

$24,200
($2,700)
$1,300
$0
$0
$22,800

$28,300
($3,000)
$1,300
$0
$0
$26,600

$32,400
($3,100)
$1,300
$0
$0
$30,600

$35,295
($2,400)
$1,300
$0
$0
$34,195

$39,995
($3,400)
$1,300
$0
$0
$37,895

$44,895
($3,600)
$1,300
$0
$0
$42,595

$49,895
($3,800)
$1,300
$0
$0
$47,395

$53,056
($2,800)
$1,300
$0
$0
$51,556

CASH FLOW FROM INVESTMENTS

Fixed Assets
Intangible Assets
Net Cash Flow from Investments

($25,000)
$0
($25,000)

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

CASH FLOW FROM FINANCING

Cash from Equity
Cash from Debt financing
Net Cash Flow from Financing

$0
$139,300
$139,300

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

Net Cash Flow

Cash at Beginning of Period
Cash at End of Period

$107,700
$0
$107,700

$22,800
$107,700
$130,500

$26,600
$130,500
$157,100

$30,600
$157,100
$187,700

$34,195
$187,700
$221,895

$37,895
$221,895
$259,790

$42,595
$259,790
$302,385

Cash Flow Projections

Annual
FY 1

FY 2

FY 3

FY 4

FY 5

CASH FLOW FROM OPERATIONS

Net Income (Loss)
Change in Working Capital
Plus Depreciation
Plus Amortization
Plus Preliminary exp written off
Net Cash Flow from Operations

$105,400
($37,200)
$5,200
$0
$0
$73,400

$170,080
($13,200)
$5,200
$0
$0
$162,080

$247,522
($16,000)
$5,200
$0
$0
$236,722

$344,893
($11,500)
$5,200
$0
$0
$338,593

$466,323
($22,700)
$4,200
$0
$0
$447,823

CASH FLOW FROM INVESTMENTS

Fixed Assets
Intangible Assets
Net Cash Flow from Investments

($25,000)
$0
($25,000)

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

CASH FLOW FROM FINANCING

Cash from Equity
Cash from Debt financing
Net Cash Flow from Financing

$0
$139,300
$139,300

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
($139,282)
($139,282)

Net Cash Flow

Cash at Beginning of Period
Cash at End of Period

$187,700
$0
$187,700

$162,080
$187,700
$349,780

$236,722
$349,780
$586,502

$338,593
$586,502
$925,096

$308,541
$925,096
$1,233,637

SUMMARY CHARTS
Revenues
Revenue - Product 1
Revenue - Product 2
Revenue - Product 3
Revenue - Product 4
Revenue - Product 5
Revenue - Product 6
Revenue - Product 7
Revenue - Product 8
Revenue - Product 9
Revenue - Product 10
Total Revenue

Q1 FY1
$150,000
$150,000

FY 1
Q2 FY1
$157,600
$157,600

Q3 FY1
$165,600
$165,600

Q4 FY1
$174,000
$174,000

Q1 FY2
$182,800
$182,800

FY 2
Q2 FY2
$192,000
$192,000

Q3 FY2
$201,700
$201,700

Q4 FY2
$211,900
$211,900

Q1 FY3
$222,700
$222,700

$33,100
$33,100

$34,800
$34,800

$36,600
$36,600

$38,400
$38,400

$40,300
$40,300

$42,400
$42,400

$44,500
$44,500

FY 3
Q2 FY3
Q3 FY3
$233,900
$245,800
$233,900
$245,800

Q4 FY3
$258,200
$258,200

Direct Cost
Direct Cost - Product 1
Direct Cost - Product 2
Direct Cost - Product 3
Direct Cost - Product 4
Direct Cost - Product 5
Direct Cost - Product 6
Direct Cost - Product 7
Direct Cost - Product 8
Direct Cost - Product 9
Direct Cost - Product 10
Total Direct Costs

$30,000
$30,000

FY 1

$31,500
$31,500

FY 2

FY 3

FY 4

FY 5

Revenues
Revenue - Product 1
Revenue - Product 2
Revenue - Product 3
Revenue - Product 4
Revenue - Product 5
Revenue - Product 6
Revenue - Product 7
Revenue - Product 8
Revenue - Product 9
Revenue - Product 10

$647,200
$647,200

$788,400
$788,400

$960,600
$960,600

$1,170,400
$1,170,400

$1,426,200
$1,426,200

Direct Cost - Product 1

Direct Cost - Product 2
Direct Cost - Product 3
Direct Cost - Product 4
Direct Cost - Product 5
Direct Cost - Product 6
Direct Cost - Product 7
Direct Cost - Product 8
Direct Cost - Product 9
Direct Cost - Product 10

$129,400
$129,400

$157,700
$157,700

$192,100
$192,100

$234,100
$234,100

$285,300
$285,300

Total Revenue
Direct Cost

Total Direct Costs

$46,800
$46,800

$49,200
$49,200

$51,600
$51,600

Quarterly
FY 1
Initial

Q1 FY1

Q2 FY1

FY 2
Q3 FY1

Q4 FY1

Q1 FY2

Q2 FY2

FY 3
Q3 FY2

Q4 FY2

Q1 FY3

Q2 FY3

Q3 FY3

Q4 FY3

CAPEX
Fixed Assets
Intangibles
TOTAL CAPEX

$25,000
$25,000

TOTAL ASSETS
Gross assets

$0

$25,000

$25,000

$25,000

$25,000

$25,000

$25,000

$25,000

$25,000

$25,000

$25,000

$25,000

$25,000

Less : Accumulated Depreciation

$0

$1,300

$2,600

$3,900

$5,200

$6,500

$7,800

$9,100

$10,400

$11,700

$13,000

$14,300

$15,600

Closing Balance

$23,700

$22,400

$21,100

$19,800

$18,500

$17,200

$15,900

$14,600

$13,300

$12,000

$10,700

$9,400

Intangible Assets

Less: Accumulated Amortization

Closing Balance

Total Amortization

Total Depreciation

$1,300

$1,300

$1,300

$1,300

$1,300

$1,300

$1,300

$1,300

$1,300

$1,300

$1,300

$1,300

Quarterly

Annual
FY 1

CAPEX
Fixed Assets
Intangibles
TOTAL CAPEX
TOTAL ASSETS

CAPEX
Fixed Assets
Intangibles
TOTAL CAPEX

FY 2

FY 3

$25,000
$0
$25,000

$0
$0
-

$25,000

$25,000

$5,200

$10,400

FY 4

$0
$0
-

FY 5

$0
$0
-

$0
$0
-

$25,000

$25,000

$25,000

$15,600

$20,800

$25,000

TOTAL ASSETS
Gross assets

Gross assets

Less : Accumulated Depreciation

Less : Accumulated Depreciation

Closing Balance

Closing Balance

$19,800

$14,600

$9,400

$4,200

Intangible Assets

Intangible Assets

Less: Accumulated Amortization

Less: Accumulated Amortization

Closing Balance

Closing Balance

Total Amortization

Total Amortization

$0

$0

$0

Total Depreciation

Total Depreciation

$5,200

$5,200

$5,200

$5,200

$4,200

Depreciation Calculation for Tangible Assets

Fixed asset
Ramp up

FY4

FY3

FY2

FY1

Ramp up

FY5

FY1

Initial
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4

Q1
$25,000

Q2

FY2
Q3

Q4

Q1

$0
$0
$0
$0

$0

$25,000

$0

$0

$0

$0

$0
$1,300

$0
$1,300
$0

$0
$1,300
$0
$0

$0
$1,300
$0
$0
$0

$0
$1,300
$0
$0
$0
$0

$1,300

$1,300

$1,300

$1,300

$1,300

FY5

FY4

FY3

FY2

FY1

Total addition
Depreciation
Initial
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Total Depreciation

FY3

FY2

FY1

Accumulated
depreciation
Initial
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1

$0

$0
$1,300
$0
$0
$0
$0
$0
$0
$0
$0

$0
$2,600
$0
$0
$0
$0
$0
$0
$0
$0

$0
$3,900
$0
$0
$0
$0
$0
$0
$0
$0

$0
$5,200
$0
$0
$0
$0
$0
$0
$0
$0

$0
$6,500
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$1,300

FY5

FY4

FY3

Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Accumulated Depreciation

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$2,600

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$3,900

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$5,200

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$6,500

Amortization Calculation for Intangible Assets

Intangibles
Ramp up

FY5

FY4

FY3

FY2

FY1

Ramp up
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4

FY4

FY3

FY2

FY1

Total addition
Amortization
Initial
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
FY5

FY1

Initial
Q1
$0

Q2

FY2
Q3

Q4

Q1

$0
$0
$0
$0

$0

$0

$0

$0

$0

$0

$0
$0

$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

Q4
Total Amortization

$0

$0

$0

$0

$0

Accumulated
Amortization

FY5

FY4

FY3

FY2

FY1

Initial
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Accumulated Amortization

$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0

FY2
Q2

FY3
Q3

Q4

Q1

Q2

FY4
Q3

Q4

Q1

Q2

Q3

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0
$1,300
$0
$0
$0
$0
$0

$0
$1,300
$0
$0
$0
$0
$0
$0

$0
$1,300
$0
$0
$0
$0
$0
$0
$0

$0
$1,300
$0
$0
$0
$0
$0
$0
$0
$0

$0
$1,300
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$1,300
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$1,300
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$1,300
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$1,300
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$1,300
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$1,300

$1,300

$1,300

$1,300

$1,300

$1,300

$1,300

$1,300

$1,300

$1,300

$0
$7,800
$0
$0
$0
$0
$0
$0
$0
$0

$0
$9,100
$0
$0
$0
$0
$0
$0
$0
$0

$0
$10,400
$0
$0
$0
$0
$0
$0
$0
$0

$0
$11,700
$0
$0
$0
$0
$0
$0
$0
$0

$0
$13,000
$0
$0
$0
$0
$0
$0
$0
$0

$0
$14,300
$0
$0
$0
$0
$0
$0
$0
$0

$0
$15,600
$0
$0
$0
$0
$0
$0
$0
$0

$0
$16,900
$0
$0
$0
$0
$0
$0
$0
$0

$0
$18,200
$0
$0
$0
$0
$0
$0
$0
$0

$0
$19,500
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$7,800

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$9,100

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$10,400

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$11,700

FY2
Q2

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$13,000

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$14,300

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$15,600

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$16,900

FY3
Q3

Q4

Q1

Q2

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$18,200

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$19,500

FY4
Q3

Q4

Q1

Q2

Q3

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0

FY4

FY5
Q4

Q1

Q2

Q3

Q4

$0
$0
$0
$0
$0
$0

$0

$0

$0

$0

$0
$1,300
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$1,300
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$1,300
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$1,300
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$300
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$1,300

$1,300

$1,300

$1,300

$300

$0
$20,800
$0
$0
$0
$0
$0
$0
$0
$0

$0
$22,100
$0
$0
$0
$0
$0
$0
$0
$0

$0
$23,400
$0
$0
$0
$0
$0
$0
$0
$0

$0
$24,700
$0
$0
$0
$0
$0
$0
$0
$0

$0
$25,000
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$20,800

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$22,100

FY4

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$23,400

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$24,700

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$25,000

Q3

Q4

FY5
Q4

Q1

Q2

$0
$0
$0
$0
$0
$0

$0

$0

$0

$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0

One time
Q1
Debt Outstanding at the beginning
Less : Debt Repayment

FY1
Q3

Q2
139,282
-

139,282
-

FY
Q4
139,282
-

Q1
139,282
-

139,282
-

Closing Balance

139,282

139,282

139,282

139,282

139,282

Interest Payable

2,400

2,400

2,400

2,400

2,400

FY2
Q3

Q2

139,282
-

Q4
139,282
-

Q1
139,282
-

FY3
Q3

Q2
139,282
-

139,282
-

Q4
139,282
-

139,282
-

139,282

139,282

139,282

139,282

139,282

139,282

139,282

2,400

2,400

2,400

2,400

2,400

2,400

2,400

FY4

FY5

139,282
139,282

9,700

139,282
139,282
-

9,700