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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) |
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|
|
|
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 (100@$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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