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Sample 3 Year Balance Sheet Forecast for ACT Technical Services
3 Year Projected Balance Sheet
ACT Technical Services
|
| |
Projected |
| |
Opening |
Year 1 |
Year 2 |
Year 3 |
| Assets |
|
|
|
|
| Current assets |
|
|
|
|
| Cash |
$17,000 |
$10,337 |
$30,929 |
$66,636 |
| Accounts receivable |
$0 |
$20,016 |
$23,384 |
$29,639 |
| Total current assets |
$17,000 |
$30,353 |
$54,313 |
$96,275 |
| |
|
|
|
|
| Fixed assets |
|
|
|
|
| Equipment |
$27,900 |
$27,900 |
$27,900 |
$27,900 |
| Other Assets |
$71,750 |
$71,750 |
$71,750 |
$71,750 |
| Less depreciation |
$0 |
($5,065) |
($10,130) |
($15,195) |
| Total fixed assets |
$99,650 |
$94,585 |
$89,520 |
$84,455 |
| |
|
|
|
|
| Total assets |
$116,650 |
$124,938 |
$143,833 |
$180,730 |
| |
|
|
|
|
| Liabilities and equity |
|
|
|
|
| Current liabilities |
|
|
|
|
| Accounts payable |
$0 |
$0 |
$0 |
$0 |
| Current portion of long term debt |
$4,928 |
$5,297 |
$5,694 |
$6,121 |
| Total current liabilities |
$4,928 |
$5,297 |
$5,694 |
$6,121 |
| |
|
|
|
|
| Long term debt |
|
|
|
|
| Bank loan |
$23,692 |
$18,395 |
$12,701 |
$6,580 |
| Total long term debt total |
$23,692 |
$18,395 |
$12,071 |
$12,701 |
| |
|
|
|
|
| Total Liabilities |
$28,620 |
$23,692 |
$17,765 |
12,701 |
| |
|
|
|
|
| Equity position |
|
|
|
|
| Equity |
$11,665 |
$11,665 |
$11,665 |
$11,665 |
| ADPC |
$76,365 |
$76,365 |
$76,365 |
$76,365 |
| Retained earnings |
$0 |
$13,216 |
$38,038 |
$79,999 |
| Total equity |
$88,030 |
$101,246 |
$126,068 |
$168,029 |
| |
|
|
|
|
| Total liabilities and equity |
$116,650 |
$124,938 |
$143,833 |
$180,730 |
| |
|
|
|
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