PROJECTED BALANCESHEET FOR THREE YEARS - APPLE

2018 ( In MILLION 2019 ( In MILLION 2020 ( In MILLION

USD) USD) USD)
Cash-in-Hand -
Temporary Investment 61,481.70 65,170.60 69,732.54
Cash and Temporary investment 70,512.75 74,743.52 79,975.56
Trade Receivables-Net 16,541.70 17,534.20 18,761.60
Total Receivables, Net 30,763.95 32,609.79 34,892.47
Total Stock 2,238.60 2,372.92 2,539.02
Total Other Current Assets 8,697.15 9,218.98 9,864.31
Total Current Assets 112,212.45 118,945.20 127,271.36
Total Gross Plant&Machinery 64,307.25 68,165.69 72,937.28
Total Accumulated Depreciation -35,946.75 (38,103.56) (40,770.80)
Net Goodwill 5,684.70 6,025.78 6,447.59
Net Intangible Asset 3,366.30 3,568.28 3,818.06
Long Term Investments 178,951.50 189,688.59 202,966.79
Total Other Long Term Investments 9,194.85 9,746.54 10,428.80
Total Assets 337,770.30 358,036.52 383,099.07
Total Trades Payable 39,158.70 41,508.22 44,413.80
Outstanding Expenses 21,998.55 23,318.46 24,950.76
Short Term Debt 8,510.25 9,020.87 9,652.33
Capital Lease 3,675.00 3,895.50 4,168.19
Total Other Current Liabilities 9,613.80 10,190.63 10,903.97
Total Current Liabilities 82,956.30 87,933.68 94,089.04
Long Term Debt 79,198.35 83,950.25 89,826.77
Total Long Term Debt 79,198.35 83,950.25 89,826.77
Total Debt 91,383.60 96,866.62 103,647.28
Deferred Taxes 27,319.95 28,959.15 30,986.29
Total Other Liabilities 13,634.25 14,452.31 15,463.97
Total Liabilities 203,108.85 215,295.38 230,366.06
Total Common Stock 32,813.55 34,782.36 37,217.13
Retained Earnings 101,182.20 107,253.13 114,760.85
Total Other Equity 625.80 663.35 709.78
Total Equity 134,661.45 142,741.14 152,733.02
Total Liabilities & Equity 337,770.30 358,036.52 383,099.07
 PROJECTED INCOME STATEMENT FOR THREE YEARS- APPLE

2018 (In Million USD) 2019 (In Million 2020 (In Million USD)
USD)

Income 226,420.95 240,006.21 256,806.64

Total Income 226,420.95 240,006.21 256,806.64

Cost of Sales 137,944.80 146,221.49 156,456.99

Gross Profit 88,476.15 93,784.72 100,349.65

Selling & Administration 14,903.70 15,797.92 16,903.78

expenses

R&D Expenses 10,547.25 11,180.09 11,962.69

Total Operating Expense 163,395.75 173,199.50 185,323.46

Operating Income 63,025.20 66,806.71 71,483.18

Net ,Other -1,254.75 (1,330.04) (1,423.14)

Income Before Tax 64,440.60 68,307.04 73,088.53

Income After Tax 47,971.35 50,849.63 54,409.11

Net Income before extra 47,971.35 50,849.63 54,409.11

expenses

Net Income 47,971.35 50,849.63 54,409.11

INTERPRETATION

The projected balance sheet for the upcoming three years of Apple has been provided above in details.
As per the projected balance sheet, the company is having high potential of growth in future. Based on
the data, there have been around five percentages to seven percentages growth in the respective future
periods of the company. It will definitely help the company to have more expansion and investment in
future. Also there are enough liquidity position in the hands of company. Because there are more than
current assets available against all current liabilities. The current ratio is more than one and will be good
for the company. Also the solvency position of the company is so good. There are more assets available
for the company’s liabilities and debts. This will attract more stakeholders towards the company and
they will be more comfortable to have long term relationship with company.

The projected income statement of the company for the coming three years has been given in detail
above. Based on the projected income statement, the company is having high performance in terms of
profit. From the historical data, it is clear that there have been five percentages of increase of profit in
2018. Then in the coming two years, it has been increasing by one percentages respectively. The
stakeholders of the company will be happier as the company is having high profits. The investors will
have more income per share from the profit. The employees will get benefited with more incentives and
bonuses from the company. The banks can easily provide loans and other financial assistances without
any effort.