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    Chemalite Inc

    Uploaded by

    priya
    - The balance sheet shows total assets of $539,375 as of December 31, 2003 compared to $500,000 on June 30, 2003. Total liabilities remain at $500,000 while equity increased to $39,375 from $0. - The income statement shows net income of $39,375 for the period. Revenue was $685,000 while costs totaled $645,625. - The cash flow statement shows a net cash decrease of $117,000 during the period. Cash from operations was $56,750 but cash used for investing activities was $173,750, resulting in the overall decrease.

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    Chemalite Inc

    Uploaded by

    priya
    41 views9 pages
    - The balance sheet shows total assets of $539,375 as of December 31, 2003 compared to $500,000 on June 30, 2003. Total liabilities remain at $500,000 while equity increased to $39,375 from $0. - The income statement shows net income of $39,375 for the period. Revenue was $685,000 while costs totaled $645,625. - The cash flow statement shows a net cash decrease of $117,000 during the period. Cash from operations was $56,750 but cash used for investing activities was $173,750, resulting in the overall decrease.

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    Chemalite Inc..xlsx

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    - The balance sheet shows total assets of $539,375 as of December 31, 2003 compared to $500,000 on June 30, 2003. Total liabilities remain at $500,000 while equity increased to $39,375 from $0. - The income statement shows net income of $39,375 for the period. Revenue was $685,000 while costs totaled $645,625. - The cash flow statement shows a net cash decrease of $117,000 during the period. Cash from operations was $56,750 but cash used for investing activities was $173,750, resulting in the overall decrease.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    41 views9 pages

    Chemalite Inc

    Uploaded by

    priya
    - The balance sheet shows total assets of $539,375 as of December 31, 2003 compared to $500,000 on June 30, 2003. Total liabilities remain at $500,000 while equity increased to $39,375 from $0. - The income statement shows net income of $39,375 for the period. Revenue was $685,000 while costs totaled $645,625. - The cash flow statement shows a net cash decrease of $117,000 during the period. Cash from operations was $56,750 but cash used for investing activities was $173,750, resulting in the overall decrease.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 9

    Balance Sheet on June 30, 2003

    Assets
    Amount
    Patent
    125000
    Cash
    230000
    Legal Fees
    7500
    Machinery
    62500
    Inventory
    75000
    total Asset

    500000

    Liablilties
    Equity
    Share Capital
    Total Liabilities

    500000
    500000

    375000

    -7500

    -62500

    -75000

    Income Statement
    Particular
    Amount

    Cash Flow Statement


    Cash Flow from Operating Activities Amount
    Increase in Raw Material Inventory

    -75000

    Cash Flow from Investing Activities


    Purchase of Machinery
    Increase in Prepaid Exp.

    -62500
    -7500

    Cash Flow from Financing Activities


    Issue of Share

    375000

    Total Cash flow


    Opening Balance

    230000
    0

    Closing Balance of Cash

    230000

    Balance Sheet on dec. 31, 2003


    Assets
    Dec. 31,2003
    Amount (June 30,2003)
    Patent
    100000
    125000
    Cash
    113000
    230000
    Legal Fees (Prepaid Exp.)
    0
    7500
    Machinery
    201875
    62500
    Inventory
    55000
    75000
    Debtor
    69500
    total Asset
    539375
    500000
    Liablilties
    Equity
    Share Capital
    Retained Earning
    Total Liabilities

    500000
    39375
    539375

    500000

    Dec. 31,2003 Dec. 31,2003


    -25000
    -23750
    685000
    -7500
    150000
    -10625
    175000
    -195000
    69500

    -175000

    -22500

    -80000

    -350000

    -150000

    -750

    Income Statement
    Particular
    Amount
    Sales
    754500
    Cost of Good Sold
    -350000
    -195000
    Gross Profit
    209500
    write off Prototype
    -23750
    Advertisment
    -22500
    Corporate Exp.
    -80000
    Interest
    -750
    Write Off Patents
    -25000
    Depreciation
    -10625
    write of License Fees
    -7500
    Profit Before Tax
    39375

    Cash Flow Statement


    Cash Flow from Operating Activities
    Net Profit
    Add Depreciation
    Decrease in Prepaid Exp.
    Increase in Receivables
    Increase in Inventory
    Cash flow from operations

    Amount
    39375
    59375
    7500
    -69500
    -55000
    -18250

    Cash Flow from Investing Activities


    Purchase of Machinery
    Purchase of Prototype
    Purchase of licence
    Cash flow from Investments

    -212500
    -23750
    -7500
    -243750

    Cash Flow from Financing Activities


    Loan from bank
    repayment of bank loan'

    50000
    -50000

    Cash flow from Financing


    Total Cash flow
    Opening Balance
    Closing Balance of Cash

    0
    -262000
    375000
    113000

    Cash Flow from Operating Activiti Amount


    Net Profit
    39375
    Add Depreciation
    59375
    Add: Write of the preliminary Exp.
    7500
    Increase in Receivables
    -69500
    Decrease in Inventory
    20000
    Cash flow from operations

    Sales

    56750

    Cash Flow from Investing Activities


    Purchase of Machinery
    -150000
    Purchase of Prototype
    -23750
    Purchase of licence
    Cash flow from Investments
    -173750
    Cash Flow from Financing Activities
    Loan from bank
    50000
    repayment of bank loan'
    -50000
    Cash flow from Financing
    Total Cash flow
    Opening Balance
    Closing Balance of Cash

    0
    -117000
    230000
    113000

    685000
    -22500
    -175000
    -350000
    -80000
    -750
    56750

    Cash Revenue

    685000

    Inventory
    Advertisement
    manufacturing Cost
    Corporate Exp
    Interest

    250000
    22500
    350000
    80000
    750

    Cash Flow from operations

    -18250

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