Business Plan Template 3.

0 - 5 Year Financial Model

General Instructions: 1) When using this file with the Business Plan Template 3.0 Word file, be sure to have both it and this file open when you save the files with new names. That way, the Financial Statements in the Word document, which are directly linked to this file, will follow the link to the new file that you create by saving it with a new name. 2) The worksheets can each be accessed by clicking on the tabs at the bottom of the screen; each tab has the worksheet's name on it. You can also move among the sheets by holding down the "Ctrl" key and pressing "Page Up" or "Page Down." 3) Except as noted in the worksheet instructions, entries should only be made in the yellow boxes; all other numbers are calculated automatically. No changes should be made directly to the "IncomeStmt" worksheet because the entire sheet calculates automatically. Input box Note that the input box will change to a green box once you have inserted a number other than "0." Input box after number input

Worksheet Instructions: The file includes 6 different worksheets - not counting this one - with the following titles: IncomeStmt This is the Income Statement (P & L) that you will print out and/or copy and paste into your business plan. All amounts are linked to the Monthly Income Statement (MIncStmt); the only input required is the Company name; all other sheets are linked to the Company name cell of the Income Statement. To print, simply click the Printer icon. Five years of Income Statements by month. Linked to the Income Statement, Sales Worksheet, Cost of Goods Sold, Staffing, Depreciation, and LoanPay sections of the "Input" worksheet. Input the months corresponding to the company's fiscal year in year one; all other months throughout the file will update automatically. Input numbers in the yellow cells. Print buttons for automatic printing are located at the top of column AD. Five years of monthly Balance Sheets. Linked to the Balance Sheet section of the Input sheet. Printing macro buttons are available to simplify printing.

MIncStmt

BalSheet

CashFlow

Five years of monthly cash flow statements with quarterly and annual summaries. All cells are linked and/or calculated. Print buttons for automatic printing are located at the top of column AW.

Linked Sheets

This spreadsheet contains the Five Year Projected Income Statement, Balance Sheet, and Statement of Cash Flows. It is linked to the respective worksheets within the file. Its sole purpose is to provide a preformatted link to the Business Plan Template 3.0 Word document. When updating the Word document, make sure that the Business Plan Template 3.0 Excel file is open as well. That way the numbers in the Word document will be updated automatically.

2000 - 2002 Business Plan Success, All Rights reserved

Page 1 of 105

Business Plan Template 3.0 - 5 Year Financial Model Input Worksheet

Income Statement Inputs What to do:

Type in the annual expense - rounded to thousands - for each of the expense items listed below. If you want to ch the name of any of these expense categories, this is the place to do it. The name you change will change in all other Income Statement schedules in this file. For all items listed here, monthly expenses are calculated by dividing the annual expense by 12.
Where the data go:

These inputs feed the Monthly Income Statement worksheet, which in turn, feeds the Annual Income Statement.
Year 1 Insurance Trade shows/Advertising Miscellaneous Postage/Delivery Printing Professional Fees Rent/Utilities Supplies Telephone Travel & Ent Research and Development Other Other Income/Expense Year 2 Year 3 Year 4 Year 5

Type in the tax rate and retained earnings rate for each year below. These will be used by the MincStmt workshee
Year 1 40.0% 100.0% Year 2 40.0% 100.0% Year 3 40.0% 100.0% Year 4 40.0% 100.0% Year 5 40.0% 100.0%

Tax Rate Retained Earnings Rate

Balance Sheet What to do:

Input the opening balances for the accounts listed below. All other balance sheet figures are calculated automatica
Where the data go:

The balances listed below are picked up on the Balance Sheet Worksheet. They are treated as month-end balanc to the first month of this plan .

Cash and cash equivalents Accounts receivable Inventories Prepaid expenses Furniture and Fixtures Equipment Construction in progress Less accumulated depreciation Short-term debt Accounts payable Other accrued liabilities Income taxes payable Long-term debt Deferred tax liabilities Stockholders' equity: Retained earnings

What to do:

Input the average days to collect receivables, the average days to pay payables, and the stock to sales ratio.
Where the data go:

The balances listed below are picked up on the Balance Sheet Worksheet. They are used to calculate Accounts R

Accounts Receivable Inventory turn Accounts Payable

30 days avg. collection 1 stock-to-sales 30 days avg. payout

Cash Flow

There are no inputs for the Statement of Cash Flow; all figures are calculated. Note that the opening cash balance in the input section for the Balance Sheet.

Sales Worksheet What to do:

Input the sales ($000s) for each product for each month of each year. You can add additional products by insertin additional rows will be needed in the Coast of Goods Sold schedule below as well.
Where the data go:

The Monthly Income Statement worksheet picks up the "Total Sales" figures for each month and year of the plan.

Year 1 Product #1 Product #2

Jan

Feb

Mar

Apr

May

Jun

Product #3 Product #4 Product #5 Total Sales Year 2 Product #1 Product #2 Product #3 Product #4 Product #5 Total Sales Year 3 Product #1 Product #2 Product #3 Product #4 Product #5 Total Sales Year 4 Product #1 Product #2 Product #3 Product #4 Product #5 Total Sales Year 5 Product #1 Product #2 Product #3 Product #4 Product #5 Total Sales

Cost of Goods Sold Worksheet What to do:

Input the cost of production percentage, if applicable, for each product in Column B. Input other costs (freight, dut in the cells provided for each month. Note that you can change the name of the costs by typing over the given nam
Where the data go:

The Monthly Income Statement worksheet picks up the "Total Cost of Goods" figures for each month and year of t

Year 1 Product #1 Cost of Production Freight Duty Hosting Content Cost of Goods Sold #1 Product #2 Cost of Production Freight Duty Hosting Content Cost of Goods Sold #2 Product #3 Cost of Production Freight Duty Hosting Content Cost of Goods Sold #3 Product #4 Cost of Production Freight Duty Hosting Content Cost of Goods Sold #4 Product #5 Cost of Production Freight Duty Hosting Content Cost of Goods Sold #5 Total Cost of Goods Sold Year 1

Jan

Feb

Mar

Apr

May

0.0%

0.0%

0.0%

0.0%

0.0%

Year 2 Product #1 Cost of Production Freight Duty

Jan

Feb

Mar

Apr

May

0.0%

Hosting Content Cost of Goods Sold #1 Product #2 Cost of Production Freight Duty Hosting Content Cost of Goods Sold #2 Product #3 Cost of Production Freight Duty Hosting Content Cost of Goods Sold #3 Product #4 Cost of Production Freight Duty Hosting Content Cost of Goods Sold #4 Product #5 Cost of Production Freight Duty Hosting Content Cost of Goods Sold #5 Total Cost of Goods Sold Year 2

0.0%

0.0%

0.0%

0.0%

Year 3 Product #1 Cost of Production Freight Duty Hosting Content Cost of Goods Sold #1 Product #2 Cost of Production Freight

Jan

Feb

Mar

Apr

May

0.0%

0.0%

Duty Hosting Content Cost of Goods Sold #2 Product #3 Cost of Production Freight Duty Hosting Content Cost of Goods Sold #3 Product #4 Cost of Production Freight Duty Hosting Content Cost of Goods Sold #4 Product #5 Cost of Production Freight Duty Hosting Content Cost of Goods Sold #5 Total Cost of Goods Sold Year 3

0.0%

0.0%

0.0%

Year 4 Product #1 Cost of Production Freight Duty Hosting Content Cost of Goods Sold #1 Product #2 Cost of Production Freight Duty Hosting Content Cost of Goods Sold #2 Product #3 Cost of Production

Jan

Feb

Mar

Apr

May

0.0%

0.0%

0.0%

Freight Duty Hosting Content Cost of Goods Sold #3 Product #4 Cost of Production Freight Duty Hosting Content Cost of Goods Sold #4 Product #5 Cost of Production Freight Duty Hosting Content Cost of Goods Sold #5 Total Cost of Goods Sold Year 4

0.0%

0.0%

Year 5 Product #1 Cost of Production Freight Duty Hosting Content Cost of Goods Sold #1 Product #2 Cost of Production Freight Duty Hosting Content Cost of Goods Sold #2 Product #3 Cost of Production Freight Duty Hosting Content Cost of Goods Sold #3 Product #4

Jan

Feb

Mar

Apr

May

0.0%

0.0%

0.0%

Cost of Production Freight Duty Hosting Content Cost of Goods Sold #4 Product #5 Cost of Production Freight Duty Hosting Content Cost of Goods Sold #5 Total Cost of Goods Sold Year 5

0.0%

0.0%

Staffing Worksheet What to do:

For each employee, input the beginning month on staff, base salary, commission rate, bonus (as a % of salary), be for commission sales people.
Where the data go:

The Monthly Income Statement worksheet picks up the "Total Officers" and "Total Staff" figures for each month an
0% of sales Beginning Month on Staff 0% of salary

Year 1

Sales Base Salary Commission

Bonus Total Pay

Officer #1 Officer #2 Officer #3 Officer #4 Total Officers Staff #1 Staff #2 Staff #3 Staff #4 Total Staff

0 0

0% Annual Increase

0% of sales

0% of salary

Year 2

Beginning Month on Staff

Sales Base Salary Commission

Bonus Total Pay

Officer #1 Officer #2 Officer #3 Officer #4 Total Officers Staff #1 Staff #2 Staff #3 Staff #4 Total Staff

0% Annual Increase

0% of sales

0% of salary

Year 3 Beginning Month on Staff

Sales Base Salary Commission

Bonus Total Pay

Officer #1 Officer #2 Officer #3 Officer #4 Total Officers Staff #1 Staff #2 Staff #3 Staff #4 Total Staff

0% Annual Increase

0% of sales

0% of salary

Year 4 Beginning Month on Staff

Sales Base Salary Commission

Bonus Total Pay

Officer #1 Officer #2 Officer #3 Officer #4

Total Officers Staff #1 Staff #2 Staff #3 Staff #4 Total Staff -

0% Annual Increase

0% of sales

0% of salary

Year 5 Beginning Month on Staff

Sales Base Salary Commission

Bonus Total Pay

Officer #1 Officer #2 Officer #3 Officer #4 Total Officers Staff #1 Staff #2 Staff #3 Staff #4 Total Staff

Depreciation Worksheet What to do:

For each asset, input the depreciation period, the cost of the asset, and the first month in service of the asset. Not the worksheet covers a five-year, 60-month plan.
Where the data go:

The Monthly Income Statement worksheet picks up the "Total Depreciation" figures for each month of the plan; the Accumulated Depreciation line. The Balance Sheet picks up the purchase of each Asset on either the Equipment or Furniture and Fixtures line beg The Statement of Cash Flow is affected indirectly by showing the cash affect of placing a new asset in service in th
Year 1 Jan Depreciation Period (Years) Equipment Asset #1 Asset Annual Monthly Cost Depreciation Depreciation First Month in Service

Asset #2 Asset #3 Asset #4 Asset #5 Asset #6 Furniture and Fixtures Asset #7 Asset #8 Asset #9 Asset #10 Asset #11 Asset #12 Asset #13 Total Depreciation

Loan Payment Worksheet What to do:

For each loan, input the amount of the loan in thousands, the term of the loan in years, and the annual interest rate the month in which the loan begins.
Where the data go:

The Balance Sheet picks up the Loan Amount and adds it to the Short-term debt line. The Cash Flow Statement picks up the Loan Amount as a cash inflow net of principal payments, and records it on The Monthly Income Statement picks up the "Total Interest" expense and records it in the appropriate month on th
Type a 1 in the blue cell above the month in which the loan begins. Year 1 0 0 0 Jan Feb Mar Principal $0.00 $0.00 $0.00 Interest $0.00 $0.00 $0.00 0.0%

Loan 1 Input fields

0 Apr $0.00 $0.00

Loan Amount Term (years) Interest Rate

Loan 2 Input fields Principal Interest 0.0%

Year 1 0 Jan $0.00 $0.00 0 Feb $0.00 $0.00 0 Mar $0.00 $0.00 0 Apr $0.00 $0.00

Loan Amount Term (years) Interest Rate

Loan 3 Input fields

Year 1 0 Jan 0 Feb 0 Mar 0 Apr

Loan Amount Term (years) Interest Rate

Principal Interest 0.0%

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

Loan 4 Input fields Principal Interest 0.0%

Year 1 0 Jan $0.00 $0.00 0 Feb $0.00 $0.00 0 Mar $0.00 $0.00 0 Apr $0.00 $0.00

Loan Amount Term (years) Interest Rate

Total Loan Payback Principal Total Interest $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

Optional: ROI Calculation

Use this section to provide the Internal Rate of Return an investor can expect to earn by funding the business.
What to do:

Input the amount of the investment, the percent of shares obtained by the investment, and an assumption for the e the month in which the loan begins.
Where the data go:

The Balance Sheet picks up the Loan Amount and adds it to the Short-term debt line.

Investment 0 0% 10% #NUM!

year 1 Div -

year 2 Div -

year 3 Div -

year 4 Div -

% Of Co.

IRR

d below. If you want to change hange will change in nses are calculated by

nual Income Statement.

by the MincStmt worksheet.

s are calculated automatically.

ated as month-end balances for the month prior

stock to sales ratio.

ed to calculate Accounts Receivable, Inventory, and Accounts Payable.

the opening cash balance is entered above

tional products by inserting rows, but keep in mind that

onth and year of the plan.

Jul

Aug

Sep

Oct

Nov

Dec

Total -

ut other costs (freight, duty, hosting, content) y typing over the given name in the Year 1 section.

each month and year of the plan.

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Total

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Total

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Total

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Total

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Total

onus (as a % of salary), benefits percentage, payroll tax percentage, and annual sales

figures for each month and year of the plan.

0% 0% of salary of total pay Payroll Taxes

Benefits

Jan 1 -

Feb 2 -

Mar 3 -

Apr 4 -

May 5 -

Jun 6 -

Jul 7

0% 0% of salary of total pay

Benefits

Payroll Taxes

Jan 1 -

Feb 2 -

Mar 3 -

Apr 4 -

May 5 -

Jun 6 -

Jul 7

0% 0% of salary of total pay Payroll Taxes

Benefits

Jan 1 -

Feb 2 -

Mar 3 -

Apr 4 -

May 5 -

Jun 6 -

Jul 7

0% 0% of salary of total pay Payroll Taxes

Benefits

Jan 1 -

Feb 2 -

Mar 3 -

Apr 4 -

May 5 -

Jun 6 -

Jul 7

0% 0% of salary of total pay Payroll Taxes

Benefits

Jan 1 -

Feb 2 -

Mar 3 -

Apr 4 -

May 5 -

Jun 6 -

Jul 7

n service of the asset. Note that the month in service is a number from 1-60 because

ach month of the plan; the Balance Sheet picks up the same figure on the

niture and Fixtures line beginning with the month in which it is placed in service. a new asset in service in the month in which it occurs.

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

10

nd the annual interest rate. Type the number "1" in the blue cell above

yments, and records it on the "Increase (decrease) in short-term debt, net" line. e appropriate month on the "Interest (Income) / Exp" line.

Year 2 0 May $0.00 $0.00 0 Jun $0.00 $0.00 0 Jul $0.00 $0.00 0 Aug $0.00 $0.00 0 Sep $0.00 $0.00 0 Oct $0.00 $0.00 0 Nov $0.00 $0.00 0 Dec $0.00 $0.00 0 Jan $0.00 $0.00

Year 2 0 May $0.00 $0.00 0 Jun $0.00 $0.00 0 Jul $0.00 $0.00 0 Aug $0.00 $0.00 0 Sep $0.00 $0.00 0 Oct $0.00 $0.00 0 Nov $0.00 $0.00 0 Dec $0.00 $0.00 0 Jan $0.00 $0.00

Year 2 0 May 0 Jun 0 Jul 0 Aug 0 Sep 0 Oct 0 Nov 0 Dec 0 Jan

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

Year 2 0 May $0.00 $0.00 0 Jun $0.00 $0.00 0 Jul $0.00 $0.00 0 Aug $0.00 $0.00 0 Sep $0.00 $0.00 0 Oct $0.00 $0.00 0 Nov $0.00 $0.00 0 Dec $0.00 $0.00 0 Jan $0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

funding the business.

nd an assumption for the earnings multiple at which the business will be valued.

year 5 Div -

Proceeds from sale

Value at

0 x earnings

Aug 8 -

Sep 9 -

Oct 10 -

Nov 11 -

Dec 12 -

Total

Aug 8 -

Sep 9 -

Oct 10 -

Nov 11 -

Dec 12 -

Total

Aug 8 -

Sep 9 -

Oct 10 -

Nov 11 -

Dec 12 -

Total

Aug 8 -

Sep 9 -

Oct 10 -

Nov 11 -

Dec 12 -

Total

Aug 8 -

Sep 9 -

Oct 10 -

Nov 11 -

Dec 12 -

Total

Nov

Dec

Year 2 Jan

Feb

Mar

Apr

May

Jun

Jul

11

12

13

14

15

16

17

18

19

0 Feb $0.00 $0.00

0 Mar $0.00 $0.00

0 Apr $0.00 $0.00

0 May $0.00 $0.00

0 Jun $0.00 $0.00

0 Jul $0.00 $0.00

0 Aug $0.00 $0.00

0 Sep $0.00 $0.00

0 Oct $0.00 $0.00

0 Feb $0.00 $0.00

0 Mar $0.00 $0.00

0 Apr $0.00 $0.00

0 May $0.00 $0.00

0 Jun $0.00 $0.00

0 Jul $0.00 $0.00

0 Aug $0.00 $0.00

0 Sep $0.00 $0.00

0 Oct $0.00 $0.00

0 Feb

0 Mar

0 Apr

0 May

0 Jun

0 Jul

0 Aug

0 Sep

0 Oct

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

0 Feb $0.00 $0.00

0 Mar $0.00 $0.00

0 Apr $0.00 $0.00

0 May $0.00 $0.00

0 Jun $0.00 $0.00

0 Jul $0.00 $0.00

0 Aug $0.00 $0.00

0 Sep $0.00 $0.00

0 Oct $0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

Aug

Sep

Oct

Nov

Dec

Year 3 Jan

Feb

Mar

Apr

20

21

22

23

24

25

26

27

28

Year 3 0 Nov $0.00 $0.00 0 Dec $0.00 $0.00 0 Jan $0.00 $0.00 0 Feb $0.00 $0.00 0 Mar $0.00 $0.00 0 Apr $0.00 $0.00 0 May $0.00 $0.00 0 Jun $0.00 $0.00 0 Jul $0.00 $0.00

Year 3 0 Nov $0.00 $0.00 0 Dec $0.00 $0.00 0 Jan $0.00 $0.00 0 Feb $0.00 $0.00 0 Mar $0.00 $0.00 0 Apr $0.00 $0.00 0 May $0.00 $0.00 0 Jun $0.00 $0.00 0 Jul $0.00 $0.00

Year 3 0 Nov 0 Dec 0 Jan 0 Feb 0 Mar 0 Apr 0 May 0 Jun 0 Jul

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

Year 3 0 Nov $0.00 $0.00 0 Dec $0.00 $0.00 0 Jan $0.00 $0.00 0 Feb $0.00 $0.00 0 Mar $0.00 $0.00 0 Apr $0.00 $0.00 0 May $0.00 $0.00 0 Jun $0.00 $0.00 0 Jul $0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Year 4 Jan

29

30

31

32

33

34

35

36

37

Year 4 0 Aug $0.00 $0.00 0 Sep $0.00 $0.00 0 Oct $0.00 $0.00 0 Nov $0.00 $0.00 0 Dec $0.00 $0.00 0 Jan $0.00 $0.00 0 Feb $0.00 $0.00 0 Mar $0.00 $0.00 0 Apr $0.00 $0.00

Year 4 0 Aug $0.00 $0.00 0 Sep $0.00 $0.00 0 Oct $0.00 $0.00 0 Nov $0.00 $0.00 0 Dec $0.00 $0.00 0 Jan $0.00 $0.00 0 Feb $0.00 $0.00 0 Mar $0.00 $0.00 0 Apr $0.00 $0.00

Year 4 0 Aug 0 Sep 0 Oct 0 Nov 0 Dec 0 Jan 0 Feb 0 Mar 0 Apr

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

Year 4 0 Aug $0.00 $0.00 0 Sep $0.00 $0.00 0 Oct $0.00 $0.00 0 Nov $0.00 $0.00 0 Dec $0.00 $0.00 0 Jan $0.00 $0.00 0 Feb $0.00 $0.00 0 Mar $0.00 $0.00 0 Apr $0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

38

39

40

41

42

43

44

45

46

Year 5 0 May $0.00 $0.00 0 Jun $0.00 $0.00 0 Jul $0.00 $0.00 0 Aug $0.00 $0.00 0 Sep $0.00 $0.00 0 Oct $0.00 $0.00 0 Nov $0.00 $0.00 0 Dec $0.00 $0.00 0 Jan $0.00 $0.00

Year 5 0 May $0.00 $0.00 0 Jun $0.00 $0.00 0 Jul $0.00 $0.00 0 Aug $0.00 $0.00 0 Sep $0.00 $0.00 0 Oct $0.00 $0.00 0 Nov $0.00 $0.00 0 Dec $0.00 $0.00 0 Jan $0.00 $0.00

Year 5 0 May 0 Jun 0 Jul 0 Aug 0 Sep 0 Oct 0 Nov 0 Dec 0 Jan

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

Year 5 0 May $0.00 $0.00 0 Jun $0.00 $0.00 0 Jul $0.00 $0.00 0 Aug $0.00 $0.00 0 Sep $0.00 $0.00 0 Oct $0.00 $0.00 0 Nov $0.00 $0.00 0 Dec $0.00 $0.00 0 Jan $0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

Nov

Dec

Year 5 Jan

Feb

Mar

Apr

May

Jun

Jul

47

48

49

50

51

52

53

54

55

0 Feb $0.00 $0.00

0 Mar $0.00 $0.00

0 Apr $0.00 $0.00

0 May $0.00 $0.00

0 Jun $0.00 $0.00

0 Jul $0.00 $0.00

0 Aug $0.00 $0.00

0 Sep $0.00 $0.00

0 Oct $0.00 $0.00

0 Feb $0.00 $0.00

0 Mar $0.00 $0.00

0 Apr $0.00 $0.00

0 May $0.00 $0.00

0 Jun $0.00 $0.00

0 Jul $0.00 $0.00

0 Aug $0.00 $0.00

0 Sep $0.00 $0.00

0 Oct $0.00 $0.00

0 Feb

0 Mar

0 Apr

0 May

0 Jun

0 Jul

0 Aug

0 Sep

0 Oct

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

0 Feb $0.00 $0.00

0 Mar $0.00 $0.00

0 Apr $0.00 $0.00

0 May $0.00 $0.00

0 Jun $0.00 $0.00

0 Jul $0.00 $0.00

0 Aug $0.00 $0.00

0 Sep $0.00 $0.00

0 Oct $0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

$0.00 $0.00

Aug

Sep

Oct

Nov

Dec

56

57

58

59

60

ck

OK

OK OK OK OK OK

OK OK OK OK OK OK OK

0 Nov $0.00 $0.00

0 Dec $0.00 $0.00

0 Nov $0.00 $0.00

0 Dec $0.00 $0.00

0 Nov

0 Dec

$0.00 $0.00

$0.00 $0.00

0 Nov $0.00 $0.00

0 Dec $0.00 $0.00

$0.00 $0.00

$0.00 $0.00

[Company] Projected Income Statement Year 1-5 (in thousands)

Year 1 Sales Cost of Goods Sold Gross Profit -

% sales

Year 2 -

% sales

Year 3 -

% sales

Year 4 -

% sales

Year 5 -

% sales

0.0% 0.0%

0.0% 0.0%

0.0% 0.0%

0.0% 0.0%

0.0% 0.0%

Salaries/Officers Salaries/Staff Benefits Payroll Taxes Insurance Trade shows/Advertising Depreciation Miscellaneous Postage/Delivery Printing Professional Fees Rent/Utilities Supplies Telephone Travel & Ent Research and Development Other Total Operating Exp Total Operating Profit (EBIT) Other Income / (Exp) Interest Income / (Exp) Total Oth Inc/Exp Net Income Before Tax (EBT) Tax Net Income Retained Earnings Dividends 40%

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

[Company] Projected Income Statement Monthly

Year 5 Jan Sales Cost of Goods Gross Margin Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total -

Salaries/Officers Salaries/Staff Benefits Payroll Taxes Insurance Trade shows/Advertising Depreciation Miscellaneous Postage/Delivery Printing Professional Fees Rent/Utilities Supplies Telephone Travel & Ent Research and Development Other Total Operating Exp Total Operating Profit Other (Income) / Exp Interest (Income) / Exp Total Oth Inc/Exp Net Income Before Tax (EBIT) Tax Net Income Retained Earnings #### 40%

0% 0% -

[Company] Monthly Balance Sheet

Year 5 Dec Assets Current assets: Cash and cash equivalents Accounts receivable Inventories Prepaid expenses Total current assets Fixed Assets Furniture and Fixtures Equipment Construction in progress Less accumulated depreciation Furniture, Fixtures, Fleet, Net Other assets Total assets Liabilities and stockholders' equity Current liabilities: Short-term debt Accounts payable Other accrued liabilities Income taxes payable Total current liabilities Long-term liabilities Long-term debt Deferred tax liabilities Total Liabilities Stockholders' equity: Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

[Company] Annual Statement of Cash Flow Years 1-5 (in thousands) Year 1 Cash and cash equivalents, beginning of period Cash flow from operations: Net income Additions (sources of cash): Depreciation Increase in accounts payable Increase in accrued income taxes Subtractions (uses of cash): Increase in accounts receivable Increase in inventory Net cash flow from operations Cash flow from investing activities Leasehold improvements/F&F Equipment Net cash (used for) investing activities Cash flows provided by (used for) financing activities: Increase (decrease) in short-term debt, net Capital infusion Additions to long-term debt Retirement of long-term debt Net cash (used for) financing activities Cash Distributions to Shareholders Net increase (decrease) in cash and cash equivalents Cash and cash equivalents, end of period Year 2 Year 3 Year 4 Year 5 -

[Company] Projected Income Statement Year 1-5 (in thousands)

Year 1 Sales Cost of Goods Sold Gross Profit Salaries/Officers Salaries/Staff Benefits Payroll Taxes Insurance Trade shows/Advertising Depreciation Miscellaneous Postage/Delivery Printing Professional Fees Rent/Utilities Supplies Telephone Travel & Ent Research and Development Other Total Operating Exp Total Operating Profit (EBIT) Other Income / (Exp) Interest Income / (Exp) Total Oth Inc/Exp Net Income Before Tax (EBT) Tax Net Income Retained Earnings Dividends -

Year 2 -

Year 3 -

Year 4 -

Year 5 -

[Company] Annual Balance Sheet Year 1 - 5

Year 1 Assets Current assets: Cash and cash equivalents Accounts receivable Inventories Prepaid expenses Total current assets Fixed Assets Furniture and Fixtures Leasehold Improvements Construction in progress Less accumulated depreciation Furniture, Fixtures, Fleet, Net Other assets Total assets Liabilities and stockholders' equity Current liabilities: Short-term debt Accounts payable Other accrued liabilities Income taxes payable Total current liabilities Long-term liabilities Long-term debt Deferred tax liabilities Total Liabilities Stockholders' equity: Retained earnings Total stockholders' equity Total liabilities and stockholders' equity

Year 2

Year 3

[Company] Annual Statement of Cash Flow Years 1-5 (in thousands)

Year 4

Year 5 Cash and cash equivalents, beginning of period Cash flow from operations: Net income Additions (sources of cash): Depreciation Increase in accounts payable Increase in accrued income taxes Subtractions (uses of cash): Increase in accounts receivable Increase in inventory Net cash flow from operations Cash flow from investing activities Leasehold improvements/F&F Equipment Net cash (used for) investing activities Cash flows provided by (used for) financing activities: Increase (decrease) in short-term debt, net Capital infusion Additions to long-term debt Retirement of long-term debt Net cash (used for) financing activities Cash Distributions to Shareholders Net increase (decrease) in cash and cash equivalents Cash and cash equivalents, end of period

Year 1 -

Year 2 -

Year 3 -

Year 4 -

Year 5 -