FINANCIAL PROJECTIONS

PROJECTED INCOME STATEMENT

  Year 1 Projection Year 2 Projection Year 3 Projection
Revenues      
Billable Hours $82,000 $92,250 $102,500
Payment for Subcontractors $41,000 $69,188 $102,500
Payment for Travel $12,300 $16,144 $20,500
Administrative Fees $6,150 $8,072 $10,250
Total Revenues $141,450 $186,654 $235,750
       
Cost of Goods Sold      
Sub Contractor Fees $41,000 $69,188 $102,500
Direct Travel $12,300 $16,144 $20,500
Total Cost of Goods Sols $53,300 $85,332 $123,000
       
Gross Margin $88,150 $100,322 $112,750
       
Selling & Admin. 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
Provincial 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 and Interest $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
       
Net Profit (Loss) from Operations ($9,046) $5,100 $12,140
Add: Contributions for Operations $13,500 $0 $0
       
Net Profit (Loss) from Operations $4,454 $5,100 $12,140



PROJECTED SOURCES AND USES OF FUNDS

  Year 1 Ending Year 2 Ending Year 3 Ending
Net Profit $4,454 $5,100 $12,141
Add: Depreciation $3,600 $3,600 $3,600
Less: Dividends Paid $0 $0 $0
Cash From Operations $8,054 $8,700 $15,741
       
Financing Activities      
Government Sources $40,800    
Shareholder Equity Injection $10,200    
Share Purchase $100    
Term Debt $17,000    
Less: Repayment of Debt $3,638 $4,019 $4,439
Total Financing $64,462 ($4,019) ($4,439)
       
Capitilization Activities      
Capitilization Activities $48,000 $0 $0
Total Capitilization Activities $48,000 $0 $0
       
Net Cash From Operations $24,516 $4,681 $11,301
Beginning Cash $0 $24,516 $29,197
Ending Cash $24,516 $29,197 $40,498

Click here to view Terra Engineering's 12 month projected cash flow statement.



PROJECTED BALANCE SHEET

  OPENING Year 1 Ending Year 2 Ending Year 3 Ending
ASSETS        
Current Assets        
Cash $20,100 $24,516 $29,197 $40,498
Accounts Receivable $0 $0 $0 $0
Total Current Assets $20,100 $24,516 $29,197 $40,498
         
Fixed Assets        
Leasehold Improvements $5,000 $5,000 $5,000 $5,000
Office Equipment and Furniture $6,000 $6,000 $6,000 $6,000
Specialized Field Equipment $27,000 $27,000 $27,000 $27,000
Specialized Software $10,000 $10,000 $10,000 $10,000
Less: Accumulated Depreciation $0 $3,600 $7,200 $10,800
Total Fixed Assets $48,000 $44,400 $40,800 $37,200
         
TOTAL ASSETS $68,100 $68,916 $69,997 $77,698
         
LIABILITIES        
Current Liabilities        
Accounts Payable $0 $0 $0 $0
Current Portion of Loan $3,638 $4,019 $4,439 $4,904
Long Term Liabilities        
Long Term Portion of Debt $13,362 $9,344 $4,904 $0
TOTAL LIABILITIES $17,000 $13,362 $9,344 $4,904
         
SHAREHOLDER'S EQUITY        
ADCP Contribution $40,800      
Contributed Assets Equity $0      
Shareholders Equity $10,200 $51,100 $55,554 $60,654
Common Shares ([email protected]$1) $100 $100 $100 $100
Net Income $0 $4,454 $5,100 $12,141
Less: Dividends $0 $0 $0 $0
SHAREHOLDER'S EQUITY $51,000 $55,554 $60,654 $72,794
TOTAL EQUITY AND LIABILITIES $68,100 $68,916 $69,997 $77,698

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