Terra Engineering
Projected Income Statement Example
|
Year 1 Projection |
Year 2 Projection |
Year 3 Projection |
REVENUES |
|
|
|
Billable Hours |
$82,000 |
$92,250 |
$102,500 |
Payment for Sub-Contractors |
$41,000 |
$69,188 |
$102,500 |
Payment for Travel |
$12,300 |
$16,144 |
$20,500 |
Administration Fees |
$6,150 |
$8,072 |
$10,250 |
Total Revenues |
$141,450 |
$185,653 |
$235,750 |
Cost of Sales |
|
|
|
Sub-Contractor Fees |
$41,000 |
$69,188 |
$102,500 |
Direct Travel |
$12,300 |
$16,144 |
$20,500 |
Total Cost of Sales |
|
|
|
Gross Margin |
$88,150 |
$100,322 |
$112750 |
Expenses |
|
|
|
Marketing Activities |
$10,000 |
$5,000 |
$5,000 |
Trade Show Participation |
$10,000 |
$10,000 |
$10,000 |
Salary |
$50,000 |
$55,000 |
$60,000 |
Utilities |
$1,440 |
$1,512 |
$1,588 |
Communications |
$2,400 |
$2,520 |
$2,646 |
Repairs and Maintenance |
$500 |
$525 |
$551 |
Insurance |
$4,000 |
$4,250 |
$4,500 |
Incorporation Expense |
$360 |
$0 |
$0 |
Travel Expense |
$1,800 |
$1,980 |
$2,178 |
Leasing Expense |
$6,000 |
$6,000 |
$6,000 |
Office Supplies |
$1,200 |
$1,320 |
$1,452 |
Bank Charges |
$360 |
$360 |
$360 |
Loan Interest |
$1,536 |
$1,155 |
$735 |
Professional Fees |
$4,000 |
$2,000 |
$2,000 |
Depreciation |
$3,600 |
$3,600 |
$3,600 |
Total Expenses |
$97,196 |
$95,222 |
$100,609 |
Operating Profit Before Tax |
($9,046) |
$5,100 |
$12,141 |
Deduct Estimated Tax |
$3,618 |
$2,040 |
$3,035 |
Net Profit (Loss) After Tax |
($12,664) |
$3,060 |
$9,106 |
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