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  • Projected Income Statement For The Year Ended December 31 Schedule 2017 2018 2019

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    Lei De Leon Ureta
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    The projected financial statements summarize expected income, cash flows, and financial position for years 2017 through 2019 or 2020 for a company: - Net income is projected to increase each year from $814,057 in 2017 to $1,796,998 in 2019 as net sales and contribution margin increase while expenses grow at a slower rate. - Cash flows from operations are also projected to be positive each year, increasing the ending cash balance. - The balance sheet shows growing current and total assets each year, with partner's equity as the primary source of funding for asset growth.

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    The projected financial statements summarize expected income, cash flows, and financial position for years 2017 through 2019 or 2020 for a company: - Net income is projected to increase each year from $814,057 in 2017 to $1,796,998 in 2019 as net sales and contribution margin increase while expenses grow at a slower rate. - Cash flows from operations are also projected to be positive each year, increasing the ending cash balance. - The balance sheet shows growing current and total assets each year, with partner's equity as the primary source of funding for asset growth.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    4 views5 pages

    Projected Income Statement For The Year Ended December 31 Schedule 2017 2018 2019

    Uploaded by

    Lei De Leon Ureta
    The projected financial statements summarize expected income, cash flows, and financial position for years 2017 through 2019 or 2020 for a company: - Net income is projected to increase each year from $814,057 in 2017 to $1,796,998 in 2019 as net sales and contribution margin increase while expenses grow at a slower rate. - Cash flows from operations are also projected to be positive each year, increasing the ending cash balance. - The balance sheet shows growing current and total assets each year, with partner's equity as the primary source of funding for asset growth.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    of 5

    Projected Income Statement

    For the Year Ended December 31

    Net Sales
    Less: Cost of Goods Sold
    Direct Cost
    Other Overhead
    Contribution Margin
    Less: Operating Expenses
    Net Income before Taxes
    Income Tax Expense
    Net Income

    Schedule
    1
    2
    3
    4

    2017
    3,476,310
    450,614
    720,453

    2018
    4,296,719
    551,551
    734,862

    2019
    5,310,745
    675,099
    749,559

    133,754
    2,171,490

    135,430
    2,874,876

    137,590
    3,748,497

    974,348
    1,197,142

    1,043,254
    1,831,621

    1,105,853
    2,642,644

    -383,085
    814,057

    -586,119
    1,245,503

    -845,646
    1,796,998

    PROJECTED CASH FLOW STATEMENT


    For the Years Ended 2017 to 2019

    CASH FLOWS FROM OPERATING ACTIVITIES


    Net Income
    Add Back:
    Depreciation
    Changes in operating assets and liabilities
    Decrease (Increase) in:
    Inventories
    Accounts Receivable
    Prepayments
    Increase (decrease) in:
    Trade and other payables
    Net cash provided by (used in) operating activities
    CASH FLOWS FROM INVESTING ACTIVITIES
    Acquisition of property and equipment
    Partner Withdrawals
    Investments and advances
    Net cash provided by (used in) investing activities
    CASH FLOWS FROM FINANCING ACTIVITIES
    Net cash provided by financing activities
    NET INCREASE (DECREASE) IN CASH
    CASH, BEGINNING
    CASH, END

    2017

    2018

    2019

    1,197,142.10

    1,831,621.48

    2,642,643.79

    12,297.14

    12,297.14

    12,297.14

    -23,490.00
    -129,782.25
    -48,000.00

    -1,174.50
    -186,367.31
    -

    -1,233.30
    -230,350.00
    -

    51,526.12

    8,442.16

    10,529.34

    1,059,693.12

    1,664,818.97

    2,433,886.98

    -122,971.43
    -

    0
    -

    733,396.56
    610,425.14

    1,670,118.25
    1,670,118.25

    0
    -

    1,664,818.97

    2,433,886.98

    1,670,118.25

    3,334,937.23

    3,334,937.23

    5,768,824.21

    Projected Balance Sheet

    2017

    2018

    Current Assets
    Cash
    Accounts Receivable Trade
    Prepaid Rent

    1,670,118.25
    129,782.25
    48,000.00

    3,334,937.23
    316,149.56
    48,000.00

    Inventory
    Total Current Assets

    23,490.00
    1,871,390.50

    24,664.50
    3,723,751.29

    Non Current Assets


    Leasehold Improvement
    Furniture and Fixture
    Machineries and Equipment
    Delivery Truck

    44,642.86
    15,870.54
    62,458.04
    -

    44,642.86
    15,870.54
    62,458.04
    -

    Accumulated Depreciation
    Total Non Current Assets

    -12,297.14
    110,674.29

    -24,594.29
    98,377.14

    1,982,064.79

    3,822,128.43

    443,828.13
    10,699.56
    12,160.00

    452,704.69
    11,059.56
    12,160.00

    28,666.56
    51,526.12

    36,748.72
    59,968.28

    Partner's Equity

    1,930,538.67

    3,762,160.15

    Total Liabilities and Partner's Equity

    1,982,064.79

    3,822,128.43

    Total Assets
    Liabilities and Partner's Equity
    Liabilitities
    Accounts Payable - Trade
    Withholding Taxes Payable
    Govt Contributions Payable
    VAT Payable
    Total Current Liabilities

    2019
    5,768,824.21
    546,499.56
    48,000.00
    25,897.80
    6,389,221.56

    44,642.86
    15,870.54
    62,458.04
    -36,891.43
    86,080.00
    6,475,301.56

    461,758.78
    11,423.01
    12,310.00
    46,764.61
    70,497.62
    6,404,803.94
    6,475,301.56

    2020

    2012

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