Arnel’s Canteen

5- Year Projected Income Statement

Year 1 Year 2 Year 3 Year 4 Year 5
Sales Revenue 580,000.00 609,000.00 639,450.00 671,422.50 704,993.63
Less: Expenses
Operating Expenses
Rent Expense 30,000.00 30,000.00 30,000.00 30,000.00 30,000.00
Permits and Licenses 3,500.00 3,500.00 3,570.00 3,641.40 3,714.22
Construction of Canteen 10,070.00 0.00 0.00 0.00 0.00
Store Supplies 3,052.00 3,113.04 3,175.30 3,238.81 3,303.59
Utilities Expense 2,582.50 2,659.98 2,739.78 2,821.97 2,906.63
Purchase of Raw Materials 3,643.50 3,752.81 3,865.39 3,981.35 4,100.79
Furniture and Fixture (Depreciation) 817.00 817.00 817.00 817.00 817.00
Equipment (Depreciation) 1,985.00 1,985.00 1,985.00 1,985.00 1,985.00
Kitchen Utensils 6,735.00 0.00 0.00 0.00 0.00
Administrative Expenses
Salaries & Wages 258,000.00 258,000.00 263,160.00 268,423.02 273,791.66
Feasibility Study 1,500.00 0.00 0.00 0.00 0.00
Total Expenses 321,885.00 303,828.19 309,312.47 314,908.73 320,618.89
Gross Profit 258,115.00 305,171.81 330,137.53 356,513.77 384,374.74
Income Tax Expense (3%) 7,743.45 9,155.15 9,904.13 10,695.41 11,531.24
Net Income 250,371.55 296,016.66 320,233.4 345,818.36 372,843.5
 Arnel’s Canteen

5 - Year Projected Statement of Cash Flow

Year 1 Year 2 Year 3 Year 4 Year 5

Operating Activities of the Firm:

Net Income 250,371.55 296,016.66 320,233.4 345,818.36 372,843.50

Depreciation 2,802.00 2,802.00 2,802.00 2,802.00 2,802.00

Net Cash Provided by Operating 253,173.55 298,818.66 323,035.04 348,620.36 375,645.5

Activities
Investing Activities of the Firm:

Equipment 19,850.00

Furniture & Fixture 11,030.00

Net Cash Provided by Investing 30,880.00

Activities
Financing Activities of the Firm:

Accounts Payable

Initial Capital 354,963.00 577,256.55 876,075.21 1,199,110.61 1,547,730.97

Ending Cash 577,256.55 876,075.21 1,199,110.61 1,547,730.97 1,923,376.47

 Arnel’s Canteen

5 - Year Projected Balance Sheet

Assets Year 1 Year 2 Year 3 Year 4 Year 5

Cash on hand 577,256.55 876,075.21 1,199,110.61 1,547,730.97 1,923,376.47

Equipment 19,850.00 17,865.00 15,880.00 13,895.00 11,910.00

Less: Accumulated Depreciation 1,985.00 1,985.00 1,985.00 1,985.00 1,985.00

Total 17,865.00 15,880.00 13,895.00 11,910.00 9,925.00

Furniture & Fixture 11,030.00 10,213.00 9,396.00 8,579.00 7,762.00

Less: Accumulated Depreciation 817.00 817.00 817.00 817.00 817.00

Total 10,213.00 9,396.00 8,579.00 7,762.00 6,945.00

Total Assets 605,334.55 901,351.21 1,221,584.61 1,567,402.97 1,940,246.47

Liabilities

Capital 354,963.00 605,334.55 901,351.21 1,221,584.61 1,567,402.97

Net Income 250,371.55 296,016.66 320,233.04 345,818.36 372,843.50

Total Capital 605,334.55 901,351.21 1,221,584.61 1,567,402.97 1,940,246.47

 Arnel's Canteen

5 – Year Projected Statement of Owner’s Equity

Year 1 Year 2 Year 3 Year 4 Year 5

Bermudo, Capital 354,963.00 605,334.55 901,351.21 1,221,584.61 1,567,402.97

Beginning Balance

Net Income 250,371.55 296,016.66 320,233.4 345,818.36 372,843.50

Bermudo, Capital 605,334.55 901,351.21 1,221,584.61 1,567,402.97 1,940,246.47

Ending Balance