DIRECTIONS

1 Change the assumptions on the "Quick Assumptions" tab by typing numbers into the yellow h

2 Optional: to create even more customized or detailed changes to the assumptions, modify the

typing numbers into the yellow highlighted cells

es to the assumptions, modify the "Full Assumptions" and/or "Headcount" tabs.

Directions: insert your assumptions into the highlighted cells in column B. The current figures are
Product/Service Revenue & Expense Assumptions
Revenues
Number of units you expect to sell each month
Expected annual sales growth rate

3,000
10.0%

Average price you charge per unit

Expected annual growth rate in your price

$20.00
10.0%

Costs
Direct cost per unit sold
Expected quarterly growth rate in your per unit cost

$5.00
10.0%

Company Expenses
Salaries
Your Salary each Month
Expected annual growth rate in your salary

$7,500
5.0%

Others' Salaries each Month

Expected annual growth rate in other salary expenses

$12,000
3.0%

Marketing Expenses
Expected initial Monthly marketing expense
Expected Annual growth rate in marketing expenses

$5,000
5.0%

Rent/Utilities
Expected initial Monthly Rent/Utilities expense
Expected Annual growth rate in Rent/Utilities expenses

$3,000
3.0%

Other Expenses
Insurance
Insurance

$500
3.0%

Office Supplies
Office Supplies

$250
3.0%

Other Expense 1
Other Expense 1

$0
0.0%

Other Expense 2
Other Expense 2

$0
0.0%

Other Expense 3
Other Expense 3

$0
0.0%

Capital Expenditures
Capital Expenditures Year 1

$25,000

Financing Options
% of Capital needed financed by Debt
% of Capital needed financed by Equity

100.0%
0.0%

cells in column B. The current figures are for illustrative purposes only.

Notes
Monthly sales
Annual sales growth
Your average price that you will charge per product or service unit sold.
This is how much you expect to raise your prices each year

How much it costs you to produce or deliver each unit sold

This is how much you expect to raise your direct product costs to grow each quarter

You can further customize your Salaries on the "Headcount" tab

Enter your MONTHLY desired salary
Enter the amount your salary should increase each YEAR
Enter the MONTHLY amount of salaries you will have to pay your team
Enter the amount other salaries will increase each YEAR

Enter your initial MONTHLY marketing expense

Enter the amount in which Marketing expenses will increase each YEAR

Enter your initial MONTHLY Rent/Utilities expense

Enter the amount in which Rent/Utilities expenses will increase each YEAR
Complete only the relevant "other" expenses.
Initial MONTHLY expense
Expected ANNUAL increase in this expense
Initial MONTHLY expense
Expected ANNUAL increase in this expense
Initial MONTHLY expense
Expected ANNUAL increase in this expense
Initial MONTHLY expense
Expected ANNUAL increase in this expense
Initial MONTHLY expense
Expected ANNUAL increase in this expense
For Other Expenses #1-#3, leave the figures blank if not relevant

If relevant, replace text in Column A with the name of the expense.

Dollar amount of key purchases you have to make (to buy computers, desks, equipment, space build-out, etc.)

If your business requires financing, enter the % of the financing which will come from
debt vs. equity.

ace build-out, etc.)

Directions: you are NOT required to complete this sheet; only do so if you want to further customize or detail
your assumptions. Highlighted cells link to the "Quick Assumptions" sheet. You CAN over-write those
assumptions here if you want. Note that calculations on this sheet are QUARTERLY.
DETAILED ASSUMPTIONS
Quarterly Assumptions

Q1

Q2

Q3

Q4

Annual

Revenue Assumptions
Revenue 1 ( Based on number of units)

Note: This is simple revenue model where total revenue equals to number of units multiplied
by rate per unit. However in complicated revenue model a separate sheet should be inserted.

Number of units
FY1
Growth
FY2
Growth
FY3
Growth
FY4
Growth
FY5
Growth

9,000

9,225
2.5%
10,183
2.5%
11,240
2.5%
12,407
2.5%
13,695
2.5%

9,456
2.5%
10,437
2.5%
11,521
2.5%
12,717
2.5%
14,037
2.5%

9,692
2.5%
10,698
2.5%
11,809
2.5%
13,035
2.5%
14,388
2.5%

37,373

$20.50
2.5%
$22.63
2.5%
$24.98
2.5%
$27.57
2.5%
$30.43
2.5%

$21.01
2.5%
$23.19
2.5%
$25.60
2.5%
$28.26
2.5%
$31.19
2.5%

$21.54
2.5%
$23.77
2.5%
$26.24
2.5%
$28.97
2.5%
$31.97
2.5%

$20.76

$22.08
2.5%
$24.37
2.5%
$26.90
2.5%
$29.69
2.5%

$180,000
$219,300
$267,200
$325,600
$396,700

$189,100
$230,400
$280,700
$342,100
$416,800

$198,700
$242,100
$295,000
$359,400
$437,900

$208,700
$254,300
$309,900
$377,600
$460,000

$776,500
$946,100
$1,152,800
$1,404,700
$1,711,400

$5.00

$5.13
2.5%
$5.66
2.5%
$6.24
2.5%
$6.89
2.5%
$7.61
2.5%

$5.25
2.5%
$5.80
2.5%
$6.40
2.5%
$7.06
2.5%
$7.80
2.5%

$5.38
2.5%
$5.94
2.5%
$6.56
2.5%
$7.24
2.5%
$7.99
2.5%

$5.19

$5.52
2.5%
$6.09
2.5%
$6.72
2.5%
$7.42
2.5%

$45,000
$54,800
$66,800
$81,400
$99,200

$47,300
$57,600
$70,200
$85,500
$104,200

$49,700
$60,500
$73,700
$89,800
$109,500

$52,200
$63,600
$77,500
$94,400
$115,000

$194,200
$236,500
$288,200
$351,100
$427,900

$15,000

$15,188
1.3%
$15,961
1.3%
$16,774
1.3%
$17,629
1.3%
$18,527
1.3%

$15,377
1.3%
$16,161
1.3%
$16,984
1.3%
$17,849
1.3%
$18,759
1.3%

$15,570
1.3%
$16,363
1.3%
$17,196
1.3%
$18,072
1.3%
$18,993
1.3%

$61,134

$9,068
0.8%
$9,343
0.8%
$9,626
0.8%
$9,918
0.8%
$10,219
0.8%

$9,136
0.8%
$9,413
0.8%
$9,698
0.8%
$9,992
0.8%
$10,296
0.8%

$9,204
0.8%
$9,483
0.8%
$9,771
0.8%
$10,067
0.8%
$10,373
0.8%

$36,407

$2,277
1.2%
$2,388
1.2%
$2,505
1.2%
$2,627
1.2%
$2,756
1.2%

$2,304
1.2%
$2,417
1.2%
$2,535
1.2%
$2,659
1.2%
$2,789
1.2%

$2,332
1.2%
$2,446
1.2%
$2,565
1.2%
$2,691
1.2%
$2,822
1.2%

$9,163

9,934
2.5%
10,966
2.5%
12,104
2.5%
13,361
2.5%

Per unit Revenue 1

FY1
Growth
FY2
Growth
FY3
Growth
FY4
Growth
FY5
Growth

$20.00

Total Revenue 1
FY1
FY2
FY3
FY4
FY5

41,252
10%
45,535
10%
50,262
10%
55,480
10%

$22.92
10%
$25.30
10%
$27.92
10%
$30.82
10%

Cost Assumptions
Direct Product/Service Costs
Per unit Cost
FY1
Growth
FY2
Growth
FY3
Growth
FY4
Growth
FY5
Growth
Total Direct Cost 1
FY1
FY2
FY3
FY4
FY5

$5.73
10%
$6.32
10%
$6.98
10%
$7.71
10%

Company Costs
Marketing Expenses
FY1
Growth
FY2
Growth
FY3
Growth
FY4
Growth
FY5
Growth

$15,764
1.3%
$16,567
1.3%
$17,411
1.3%
$18,298
1.3%

Rent/Utility Expenses
FY1
Growth
FY2
Growth
FY3
Growth
FY4
Growth
FY5
Growth

$9,000
$9,273
0.8%
$9,554
0.8%
$9,844
0.8%
$10,143
0.8%

Other Expenses
FY1
Growth
FY2
Growth
FY3
Growth
FY4
Growth
FY5
Growth

Tax Rate

$2,250
$2,360
1.2%
$2,475
1.2%
$2,596
1.2%
$2,723
1.2%

$64,249
$67,522
$70,962
$74,577

$37,512
$38,650
$39,822
$41,030

$9,611
$10,081
$10,573
$11,090

35%

Salary Expense
Department/ Position

Salary (month)

You

$7,500

Manager/Person #1

$1,000

Manager/Person #2

$1,000

Manager/Person #3

$1,000

Manager/Person #4

$1,000

Staff Role #1

$1,000

Staff Role #2

$1,000

Headcount
Staff Role #1

Staff Role #2

FY1
FY2
FY3
FY4
FY5
FY1
FY2
FY3
FY4
FY5

Fill in the salaries of each role if you wish to customize.

For certain staff roles (e.g., customer service), there may be multiple
staff members. Enter the # of staff members and when they join below.
Q1
1
1
1

Q2
1
1
1

Q3
1
1
1

Q4
1
1
1

Annual
1
1
1
1
1

1
1
1

1
1
1

1
1
1

1
1
1

1
1
1
1
1

You - Increase in Salary

5%

Managers - Increase in Salary

3%

Staff Roles - Increase in Salary

3%

Current Asset/Liability Turnover

Current liabilities Turnover (In number of days)

Current Assets excluding cash ( in number of days)
Capital Expenditure Assumptions

30 Of total expenses
40 Of total revenue
FY 1

FY 2

FY 3

FY 4

FY 5

Tangible Assets
Fixed Assets
Depreciation rate
Capex ramp up
(Capital expenditures made)

Year 1
Year 2
Year 3
Year 4
Year 5

Intangible Assets
Intangibles( Ex:Patent)
Amortization Years
Intangible ramp up
(Intangible assets purchased)

$0

$0

$0

Q1
$25,000
$0
$0
$0
$0

Q2
$0
$0
$0
$0
$0

Q3
$0
$0
$0
$0
$0

Q4
$0
$0
$0
$0
$0

$0

$0

$0

$0

Q1
$0
$0
$0
$0
$0

Q2
$0
$0
$0
$0
$0

Q3
$0
$0
$0
$0
$0

Q4
$0
$0
$0
$0
$0

FY 1

FY 2

FY 3

FY 4

Total Initial Capital Required:

Percent financed debt:
Percent financed equity:

$170,082
100%
0%

$0

$0

Year 1
Year 2
Year 3
Year 4
Year 5

Capital Requirement

Debt borrowed
Payment method
Year of Payment
Interest rate

$25,000
20%

$170,082
One time
5
7.00%

Equity

Year End

FY 5

$0

Initial Balance Sheet

Assets
Preliminary Exp
Fixed Assets - Gross
Less :Accumulated Depreciation
Net Block
Intangible Assets
Less :Accumulated Amortization
Net Intangibles
Current asset (e.g., cash)

$0
$0
$0
$0
$0
$0
$0
$0
$0

Liabilities
Debt outstanding
Current liabilities
Share Capital
Preliminary exp written off ( years)

$0
$0
$0 (Insert a figure for Share Capital that makes the number in row 201 equal zero).
$0
3

Summary

Revenue
Direct Expenses
Gross Profit
Gross Profit (%)
Other Expenses
EBITDA
Depreciation
Amortization
Preliminary Exp Written off
Interest Expense
Income Tax Expense
Net Income

FY 1
$1,500,000
$500,000
$1,000,000
66.7%
$50,000
$950,000
$5,200
$0
$0
$12,000
$78,000
$854,800

FY 2
$6,000,000
$1,000,000
$5,000,000
83.3%
$200,000
$4,800,000
$5,200
$0
$0
$12,000
$118,300
$4,664,500

FY 3
$50,000,000
$10,000,000
$40,000,000
80.0%
$2,000,000
$38,000,000
$5,200
$0
$0
$12,000
$166,000
$37,816,800

FY 4
$250,000,000
$30,000,000
$220,000,000
88.0%
$12,000,000
$208,000,000
$5,200
$0
$0
$11,900
$226,000
$207,756,900

FY 5
$1,300,000,000
$100,000,000
$1,200,000,000
85.00%
$50,000,000
$1,150,000,000
$4,200
$0
$0
$11,900
$300,200
$1,149,683,700

Directions: you are NOT required to complete this sheet; only do so if you want to further customize or detail your headcount and/or salary assumptions.
HEADCOUNT
Quarterly

DEPARTMENT/ POSITION

You
Manager/Person #1
Manager/Person #2
Manager/Person #3
Manager/Person #4
Staff Role #1
Staff Role #2
Total Calculated Salaries
Total Salaries

Q1 FY1

Q2 FY1

FY 1
Q3 FY1

Q4 FY1

Q1 FY2

Q2 FY2

FY 2
Q3 FY2

Q4 FY2

Q1 FY3

Q2 FY3

FY 3
Q3 FY3

Q4 FY3

$22,500
$3,000
$3,000
$3,000
$3,000
$3,000
$3,000
$40,500
$58,500

$22,500
$3,000
$3,000
$3,000
$3,000
$3,000
$3,000
$40,500
$58,500

$22,500
$3,000
$3,000
$3,000
$3,000
$3,000
$3,000
$40,500
$58,500

$22,500
$3,000
$3,000
$3,000
$3,000
$3,000
$3,000
$40,500
$58,500

$23,625
$3,090
$3,090
$3,090
$3,090
$3,090
$3,090
$42,165
$60,705

$23,625
$3,090
$3,090
$3,090
$3,090
$3,090
$3,090
$42,165
$60,705

$23,625
$3,090
$3,090
$3,090
$3,090
$3,090
$3,090
$42,165
$60,705

$23,625
$3,090
$3,090
$3,090
$3,090
$3,090
$3,090
$42,165
$60,705

$24,806
$3,183
$3,183
$3,183
$3,183
$3,183
$3,183
$43,902
$64,144

$24,806
$3,183
$3,183
$3,183
$3,183
$3,183
$3,183
$43,902
$64,144

$24,806
$3,183
$3,183
$3,183
$3,183
$3,183
$3,183
$43,902
$64,144

$24,806
$3,183
$3,183
$3,183
$3,183
$3,183
$3,183
$43,902
$64,144

$3,000
$3,000

$3,000
$3,000

$3,000
$3,000

$3,000
$3,000

$3,090
$3,090

$3,090
$3,090

$3,090
$3,090

$3,090
$3,090

$3,183
$3,183

$3,183
$3,183

$3,183
$3,183

$3,183
$3,183

1
1

1
1

1
1

1
1

1
1

1
1

1
1

1
1

1
1

1
1

1
1

1
1

$22,500
$36,000
$58,500

$22,500
$36,000
$58,500

$22,500
$36,000
$58,500

$22,500
$36,000
$58,500

$23,625
$37,080
$60,705

$23,625
$37,080
$60,705

$23,625
$37,080
$60,705

$23,625
$37,080
$60,705

$24,806
$39,338
$64,144

$24,806
$39,338
$64,144

$24,806
$39,338
$64,144

$24,806
$39,338
$64,144

Salary($)
(month)
$7,500
$1,000
$1,000
$1,000
$1,000
$1,000
$1,000

Staff Role Calculations

Staff Role #1 Quarterly Salary
Staff Role #2 Quarterly Salary
# Staff Role 1 Employees
# Staff Role 2 Employees
Quick Assumption Calculations
You
Rest of Staff
Total Salaries

Salary
COO
CFO
Others
Total

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
0

$0
$0
$0
0

$0
$0
$0
0

$0
$0
$0
0

$0
$0
$0
0

$0
$0
$0
0

$0
$0
$0
0

$0
$0
$0
0

$0
$0
$0
0

$0
$0
$0
0

HEADCOUNT
Annual

DEPARTMENT/ POSITION

You
Manager/Person #1
Manager/Person #2
Manager/Person #3
Manager/Person #4
Staff Role #1
Staff Role #2
Total Calculated Salaries
Total Salaries

FY1

FY 2

FY 3

FY 4

FY 5

$90,000
$12,000
$12,000
$12,000
$12,000
$12,000
$12,000
$162,000
$234,000

$94,500
$12,360
$12,360
$12,360
$12,360
$12,360
$12,360
$168,660
$242,820

$99,225
$12,731
$12,731
$12,731
$12,731
$12,731
$12,731
$175,610
$256,578

$104,186
$13,113
$13,113
$13,113
$13,113
$13,113
$13,113
$182,863
$269,407

$109,396
$13,506
$13,506
$13,506
$13,506
$13,506
$13,506
$190,432
$282,877

$12,000
$12,000

$12,360
$12,360

$12,731
$12,731

$13,113
$13,113

$13,506
$13,506

1
1

1
1

1
1

1
1

1
1

$90,000
$144,000
234,000

$94,500
$148,320
242,820

$99,225
$157,353
256,578

$104,186
$165,220
269,407

$109,396
$173,481
282,877

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0

Salary($)

Staff Role Calculations

Staff Role #1 Annual Salary
Staff Role #2 Annual Salary
# Staff Role 1 Employees
# Staff Role 2 Employees

0 You
Rest of Staff
Total Salaries

Salary
COO
CFO
Others
Total

Income Statement Projections

Quarterly
FY 1
Q1 FY1
Revenues
Revenue 1
Total Revenue
Direct Cost
Direct Cost 1
Total Direct Costs
GROSS PROFIT
GROSS PROFIT(%)
Other Expenses
Salaries
Marketing Expenses
Rent/Utility Expenses
Other Expenses
Total Other Expenses
EBITDA
Depreciation
Amortization
Preliminary Exp Written off
EBIT
Interest Expense
PRETAX INCOME
Cumulative Net Operating Loss
Adjusted against Loss
Taxable Income
Income Tax Expense
NET INCOME
Net Profit Margin (%)

Q2 FY1

FY 2
Q3 FY1

Q4 FY1

Q1 FY2

Q2 FY2

FY 3
Q3 FY2

Q4 FY2

Q1 FY3

Q2 FY3

Q3 FY3

Q4 FY3

$180,000
$180,000

$189,100
$189,100

$198,700
$198,700

$208,700
$208,700

$219,300
$219,300

$230,400
$230,400

$242,100
$242,100

$254,300
$254,300

$267,200
$267,200

$280,700
$280,700

$295,000
$295,000

$309,900
$309,900

$45,000
$45,000

$47,300
$47,300

$49,700
$49,700

$52,200
$52,200

$54,800
$54,800

$57,600
$57,600

$60,500
$60,500

$63,600
$63,600

$66,800
$66,800

$70,200
$70,200

$73,700
$73,700

$77,500
$77,500

$135,000
75%

$141,800
75%

$149,000
75%

$156,500
75%

$164,500
75%

$172,800
75%

$181,600
75%

$190,700
75%

$200,400
75%

$210,500
75%

$221,300
75%

$232,400
75%

$58,500
$15,000
$9,000
$2,300
$84,800
$50,200
$1,300
$48,900
$3,000
$45,900
$45,900
$16,100
$29,800
17%

$58,500
$15,200
$9,100
$2,300
$85,100
$56,700
$1,300
$55,400
$3,000
$52,400
$52,400
$18,300
$34,100
18%

$58,500
$15,400
$9,100
$2,300
$85,300
$63,700
$1,300
$62,400
$3,000
$59,400
$59,400
$20,800
$38,600
19%

$58,500
$15,600
$9,200
$2,300
$85,600
$70,900
$1,300
$69,600
$3,000
$66,600
$66,600
$23,300
$43,300
21%

$60,705
$15,800
$9,300
$2,400
$88,205
$76,295
$1,300
$74,995
$3,000
$71,995
$71,995
$25,200
$46,795
21%

$60,705
$16,000
$9,300
$2,400
$88,405
$84,395
$1,300
$83,095
$3,000
$80,095
$80,095
$28,000
$52,095
23%

$60,705
$16,200
$9,400
$2,400
$88,705
$92,895
$1,300
$91,595
$3,000
$88,595
$88,595
$31,000
$57,595
24%

$60,705
$16,400
$9,500
$2,400
$89,005
$101,695
$1,300
$100,395
$3,000
$97,395
$97,395
$34,100
$63,295
25%

$64,144
$16,600
$9,600
$2,500
$92,844
$107,556
$1,300
$106,256
$3,000
$103,256
$103,256
$36,100
$67,156
25%

$64,144
$16,800
$9,600
$2,500
$93,044
$117,456
$1,300
$116,156
$3,000
$113,156
$113,156
$39,600
$73,556
26%

$64,144
$17,000
$9,700
$2,500
$93,344
$127,956
$1,300
$126,656
$3,000
$123,656
$123,656
$43,300
$80,356
27%

$64,144
$17,200
$9,800
$2,600
$93,744
$138,656
$1,300
$137,356
$3,000
$134,356
$134,356
$47,000
$87,356
28%

Annual
FY 1

FY 2

FY 3

FY 4

FY 5

Revenues
Revenue 1
Total Revenue

$776,500
$776,500

$946,100
$946,100

$1,152,800
$1,152,800

$1,404,700
$1,404,700

$1,711,400
$1,711,400

Direct Cost
Direct Cost 1
Total Direct Costs

$194,200
$194,200

$236,500
$236,500

$288,200
$288,200

$351,100
$351,100

$427,900
$427,900

$582,300
75%

$709,600
75%

$864,600
75%

$1,053,600
75%

$1,283,500
75%

$234,000
$61,200
$36,400
$9,200
$340,800
$241,500
$5,200
$236,300
$12,000
$224,300
$224,300
$78,500
$145,800
19%

$242,820
$64,400
$37,500
$9,600
$354,320
$355,280
$5,200
$350,080
$12,000
$338,080
$338,080
$118,300
$219,780
23%

$256,578
$67,600
$38,700
$10,100
$372,978
$491,622
$5,200
$486,422
$12,000
$474,422
$474,422
$166,000
$308,422
27%

$269,407
$71,000
$39,800
$10,600
$390,807
$662,793
$5,200
$657,593
$11,900
$645,693
$645,693
$226,000
$419,693
30%

$282,877
$74,600
$41,000
$11,100
$409,577
$873,923
$4,200
$869,723
$11,900
$857,823
$857,823
$300,200
$557,623
33%

GROSS PROFIT
GROSS PROFIT(%)
Other Expenses
Salaries
Marketing Expenses
Rent/Utility Expenses
Other Expenses
Total Other Expenses
EBITDA
Depreciation
Amortization
Preliminary Exp Written off
EBIT
Interest Expense
PRETAX INCOME
Net Operating Loss
Use of Net Operating Loss
Taxable Income
Income Tax Expense
NET INCOME
Net Profit Margin (%)

$1,400,000,000

$1,200,000,000

$1,000,000,000

$800,000,000
Revenue
Gross Profit

Net Income

$600,000,000

$400,000,000

$200,000,000

$0
FY 1

FY 2

FY 3

FY 4

FY 5

Total Direct Costs

Salaries

Marketing Expenses

Rent/Utility Expenses

Other Expenses

Balance Sheet Projections

Quarterly
Initial Balance
Sheet
ASSETS
Cash
Other Current Assets
Total Current Assets

FY1
Q1 FY1

Q2 FY1

FY2
Q3 FY1

Q4 FY1

Q1 FY2

Q2 FY2

FY3
Q3 FY2

Q4 FY2

Q1 FY3

Q2 FY3

Q3 FY3

Q4 FY3

$0
$0

$139,500
$80,000
$219,500

$171,700
$84,000
$255,700

$208,200
$88,300
$296,500

$249,200
$92,800
$342,000

$294,395
$97,500
$391,895

$343,890
$102,400
$446,290

$398,585
$107,600
$506,185

$458,980
$113,000
$571,980

$523,936
$118,800
$642,736

$593,991
$124,800
$718,791

$670,647
$131,100
$801,747

$754,102
$137,700
$891,802

Intangible Assets
Acc Amortization
Net Intangibles

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

Fixed Assets
Accum Depreciation
Net fixed assets

$0
$0
$0

$25,000
$1,300
$23,700

$25,000
$2,600
$22,400

$25,000
$3,900
$21,100

$25,000
$5,200
$19,800

$25,000
$6,500
$18,500

$25,000
$7,800
$17,200

$25,000
$9,100
$15,900

$25,000
$10,400
$14,600

$25,000
$11,700
$13,300

$25,000
$13,000
$12,000

$25,000
$14,300
$10,700

$25,000
$15,600
$9,400

Preliminary Exp

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

TOTAL ASSETS

$0

$243,200

$278,100

$317,600

$361,800

$410,395

$463,490

$522,085

$586,580

$656,036

$730,791

$812,447

$901,202

LIABILITIES & EQUITY

Current Liabilities
Debt outstanding
Total Liabilities

$0
$0
$0

$43,300
$170,100
$213,400

$44,100
$170,100
$214,200

$45,000
$170,100
$215,100

$45,900
$170,100
$216,000

$47,700
$170,100
$217,800

$48,700
$170,100
$218,800

$49,700
$170,100
$219,800

$50,900
$170,100
$221,000

$53,200
$170,100
$223,300

$54,400
$170,100
$224,500

$55,700
$170,100
$225,800

$57,100
$170,100
$227,200

0
0
$0
$0

$0
$29,800
$29,800
$243,200
$0

$0
$63,900
$63,900
$278,100
$0

$0
$102,500
$102,500
$317,600
$0

$0
$145,800
$145,800
$361,800
$0

$0
$192,595
$192,595
$410,395
$0

$0
$244,690
$244,690
$463,490
$0

$0
$302,285
$302,285
$522,085
$0

$0
$365,580
$365,580
$586,580
$0

$0
$432,736
$432,736
$656,036
$0

$0
$506,291
$506,291
$730,791
$0

$0
$586,647
$586,647
$812,447
$0

$0
$674,002
$674,002
$901,202
$0

Share Capital
Retained earnings
Total Equity
TOTAL LIABILITIES & EQUITY
check

Balance Sheet Projections

Annual

ASSETS
Cash
Other Current Assets
Total Current Assets
Intangible Assets
Acc Amortization
Net Intangibles
Fixed Assets
Accum Depreciation
Net fixed assets
Preliminary Exp

FY 1

FY 2

FY 3

FY 4

FY 5

$249,200
$92,800
$342,000

$458,980
$113,000
$571,980

$754,102
$137,700
$891,802

$1,165,296
$156,100
$1,321,396

$1,530,937
$190,200
$1,721,137

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$25,000
$5,200
$19,800

$25,000
$10,400
$14,600

$25,000
$15,600
$9,400

$25,000
$20,800
$4,200

$25,000
$25,000
$0

$0

$0

$0

$0

$0

TOTAL ASSETS

$361,800

$586,580

$901,202

$1,325,596

$1,721,137

LIABILITIES & EQUITY

Current Liabilities
Debt outstanding
Total Liabilities

$45,900
$170,100
$216,000

$50,900
$170,100
$221,000

$57,100
$170,100
$227,200

$61,800
$170,100
$231,900

$69,800
$18
$69,818

Share Capital
Retained earnings
Total Equity
TOTAL LIABILITIES & EQUITY
check

$0
$145,800
$145,800
$361,800
$0

$0
$365,580
$365,580
$586,580
$0

$0
$674,002
$674,002
$901,202
$0

$0
$1,093,696
$1,093,696
$1,325,596
$0

$0
$1,651,319
$1,651,319
$1,721,137
$0

Cash Flow Projections

Quarterly
Q1 FY1

FY 1
Q2 FY1

FY 2
Q3 FY1

Q4 FY1

Q1 FY2

Q2 FY2

Q3 FY2

Q4 FY2

Q1 FY3

$38,600
($3,400)
$1,300
$0
$0
$36,500

$43,300
($3,600)
$1,300
$0
$0
$41,000

$46,795
($2,900)
$1,300
$0
$0
$45,195

$52,095
($3,900)
$1,300
$0
$0
$49,495

$57,595
($4,200)
$1,300
$0
$0
$54,695

$63,295
($4,200)
$1,300
$0
$0
$60,395

$67,156
($3,500)
$1,300
$0
$0
$64,956

FY 3
Q2 FY3

Q3 FY3

Q4 FY3

$80,356
($5,000)
$1,300
$0
$0
$76,656

$87,356
($5,200)
$1,300
$0
$0
$83,456

CASH FLOW FROM OPERATIONS

Net Income (Loss)
Change in Working Capital
Plus Depreciation
Plus Amortization
Plus Preliminary exp written off
Net Cash Flow from Operations

$29,800
($36,700)
$1,300
$0
$0
($5,600)

CASH FLOW FROM INVESTMENTS

Fixed Assets
Intangible Assets
Net Cash Flow from Investments

($25,000)
$0
($25,000)

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

CASH FLOW FROM FINANCING

Cash from Equity
Cash from Debt financing
Net Cash Flow from Financing

$0
$170,100
$170,100

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

Net Cash Flow

Cash at Beginning of Period
Cash at End of Period

$139,500
$0
$139,500

$32,200
$139,500
$171,700

$36,500
$171,700
$208,200

$41,000
$208,200
$249,200

$45,195
$249,200
$294,395

$49,495
$294,395
$343,890

$54,695
$343,890
$398,585

$60,395
$398,585
$458,980

$64,956
$458,980
$523,936

$70,056
$523,936
$593,991

$76,656
$593,991
$670,647

$83,456
$670,647
$754,102

$34,100
($3,200)
$1,300
$0
$0
$32,200

$73,556
($4,800)
$1,300
$0
$0
$70,056

Cash Flow Projections

Annual
FY 1

FY 2

FY 3

FY 4

FY 5

CASH FLOW FROM OPERATIONS

Net Income (Loss)
Change in Working Capital
Plus Depreciation
Plus Amortization
Plus Preliminary exp written off
Net Cash Flow from Operations

$145,800
($46,900)
$5,200
$0
$0
$104,100

$219,780
($15,200)
$5,200
$0
$0
$209,780

$308,422
($18,500)
$5,200
$0
$0
$295,122

CASH FLOW FROM INVESTMENTS

Fixed Assets
Intangible Assets
Net Cash Flow from Investments

($25,000)
$0
($25,000)

$0
$0
$0

$0
$0
$0

$0
$0
$0

CASH FLOW FROM FINANCING

Cash from Equity
Cash from Debt financing
Net Cash Flow from Financing

$0
$170,100
$170,100

$0
$0
$0

$0
$0
$0

$0
$0
$0

Net Cash Flow

Cash at Beginning of Period
Cash at End of Period

$249,200
$0
$249,200

$209,780
$249,200
$458,980

$295,122
$458,980
$754,102

$411,193
$754,102
$1,165,296

$419,693
($13,700)
$5,200
$0
$0
$411,193

$557,623
($26,100)
$4,200
$0
$0
$535,723

$0
$0
$0

$0
($170,082)
($170,082)
$365,641
$1,165,296
$1,530,937

Quarterly
FY 1
Initial

Q1 FY1

Q2 FY1

FY 2
Q3 FY1

Q4 FY1

Q1 FY2

Q2 FY2

FY 3
Q3 FY2

Q4 FY2

Q1 FY3

Q2 FY3

Q3 FY3

Q4 FY3

CAPEX
Fixed Assets
Intangibles
TOTAL CAPEX

$25,000
$25,000

TOTAL ASSETS
Gross assets

$0

$25,000

$25,000

$25,000

$25,000

$25,000

$25,000

$25,000

$25,000

$25,000

$25,000

$25,000

$25,000

Less : Accumulated Depreciation

$0

$1,300

$2,600

$3,900

$5,200

$6,500

$7,800

$9,100

$10,400

$11,700

$13,000

$14,300

$15,600

Closing Balance

$23,700

$22,400

$21,100

$19,800

$18,500

$17,200

$15,900

$14,600

$13,300

$12,000

$10,700

$9,400

Intangible Assets

Less: Accumulated Amortization

Closing Balance

Total Amortization
Total Depreciation

$1,300

$1,300

$1,300

$1,300

$1,300

$1,300

$1,300

$1,300

$1,300

$1,300

$1,300

$1,300

Quarterly

Annual
FY 1

CAPEX
Fixed Assets
Intangibles
TOTAL CAPEX
TOTAL ASSETS

CAPEX
Fixed Assets
Intangibles
TOTAL CAPEX

FY 2

$25,000
$0
$25,000

FY 3

$0
$0
-

FY 4

$0
$0
-

FY 5

$0
$0
-

$0
$0
-

TOTAL ASSETS
Gross assets

Gross assets

Less : Accumulated Depreciation

Less : Accumulated Depreciation

$25,000

$25,000

$25,000

$25,000

$25,000

$5,200

$10,400

$15,600

$20,800

Closing Balance

Closing Balance

$25,000

$19,800

$14,600

$9,400

$4,200

Intangible Assets
Less: Accumulated Amortization
Closing Balance

Intangible Assets

Less: Accumulated Amortization

Closing Balance

Total Amortization

Total Amortization

$0

$0

$0

Total Depreciation

Total Depreciation

$5,200

$5,200

$5,200

$5,200

$4,200

Depreciation Calculation for Tangible Assets

Fixed asset
Ramp up

FY1

Initial
Ramp up

Q1
$25,000

Q2

Q3

Q4

Q1

$0

FY1

Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Total addition

FY2

$0
$0

FY5

FY4

FY3

FY2

$0

$0

$25,000

$0

$0

$0

$0

$0
$1,300

$0
$1,300
$0

$0
$1,300
$0
$0

$0
$1,300
$0
$0
$0

$0
$1,300
$0
$0
$0
$0

$1,300

$1,300

$1,300

$1,300

$1,300

Depreciation
Initial

FY5

FY4

FY3

FY2

FY1

Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Total Depreciation
Accumulated
depreciation

FY3

FY2

FY1

Initial

$0
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2

$0
$1,300
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$2,600
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$3,900
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$5,200
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$6,500
$0
$0
$0
$0
$0
$0
$0
$0
$0

FY3
FY5

FY4

Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Accumulated Depreciation

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$1,300

$2,600

$3,900

$5,200

$6,500

Amortization Calculation for Intangible Assets

Intangibles
Ramp up

FY1

Initial
Ramp up

Q1
$0

Q2

Q3

Q4

Q1

$0

FY1

Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Total addition

FY2

$0
$0

FY5

FY4

FY3

FY2

$0

$0

$0

$0

$0

$0

$0

$0
$0

$0
$0
$0

$0
$0
$0
$0

$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$0

$0

$0

$0

$0

Amortization
Initial

FY5

FY4

FY3

FY2

FY1

Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Total Amortization

Accumulated
Amortization
Initial

FY5

FY4

FY3

FY2

FY1

Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Accumulated Amortization

$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0

FY2
Q2

FY3
Q3

Q4

Q1

Q2

FY4
Q3

Q4

Q1

Q2

Q3

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0
$1,300
$0
$0
$0
$0
$0

$0
$1,300
$0
$0
$0
$0
$0
$0

$0
$1,300
$0
$0
$0
$0
$0
$0
$0

$0
$1,300
$0
$0
$0
$0
$0
$0
$0
$0

$0
$1,300
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$1,300
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$1,300
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$1,300
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$1,300
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$1,300
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$1,300

$1,300

$1,300

$1,300

$1,300

$1,300

$1,300

$1,300

$1,300

$1,300

$0
$7,800
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$9,100
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$10,400
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$11,700
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$13,000
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$14,300
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$15,600
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$16,900
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$18,200
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$19,500
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$7,800

$9,100

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$10,400

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$11,700

FY2
Q2

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$13,000

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$14,300

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$15,600

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$16,900

FY3
Q3

Q4

Q1

Q2

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$18,200

$19,500

FY4
Q3

Q4

Q1

Q2

Q3

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0

FY4

FY5
Q4

Q1

Q2

Q3

Q4

$0
$0
$0
$0
$0
$0

$0

$0

$0

$0

$0
$1,300
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$1,300
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$1,300
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$1,300
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$300
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$1,300

$1,300

$1,300

$1,300

$300

$0
$20,800
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$22,100
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$23,400
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$24,700
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$25,000
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$20,800

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$22,100

FY4

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$23,400

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$24,700

$25,000

Q3

Q4

FY5
Q4

Q1

Q2

$0
$0
$0
$0
$0
$0

$0

$0

$0

$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0

$0

$0

$0

$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$0

One time
Q1
Debt Outstanding at the beginning
Less : Debt Repayment

FY1
Q3

Q2
170,082
-

170,082
-

FY2
Q4
170,082
-

Q1
170,082
-

170,082
-

Closing Balance

170,082

170,082

170,082

170,082

170,082

Interest Payable

3,000

3,000

3,000

3,000

3,000

FY2
Q3

Q2

170,082
-

Q4
170,082
-

Q1
170,082
-

FY3
Q3

Q2
170,082
-

170,082
-

Q4
170,082
-

170,082
-

170,082

170,082

170,082

170,082

170,082

170,082

170,082

3,000

3,000

3,000

3,000

3,000

3,000

3,000

FY4

FY5

170,082
-

170,082
170,082

170,082

11,900

11,900