Strong ties Ltd

Projected income statement

For the year ended 2020-2024

Particulars 2020 2021 2022 2023 2024

Use of 60% 70% 80% 90% 95%
capacity
Sales in 1800 2100 2400 2700 2850
amount
Sales in 369,000,00 430,500,00 492,000,00 553,500,00 584,250,00
amount 0 0 0 0 0
Less cost of 12,080,000 13,000,000 13,942,000 15,060,000 16,057,000
production
Gross profit 356,920,00 417,500,00 478,058,00 538,440,00 568,193,00
0 0 0 0 0
Administrativ 76,970,000 76,990,000 77,002,000 77,010,000 77,017,000
e expense
Selling 13,300,000 13,500,000 13,600,000 14,000,000 14,300,000
expense
Total selling 90,270,000 90,490,000 90,602,000 91,010,000 91,317,000
and admin
expenses

Net operation 266,650,00 327,010,00 387,456,00 447,430,00 476,876,00

income 0 0 0 0 0

Less : 40% 106,660,00 130,804,00 154,982,40 178,972,00 190,750,40

tax 0 0 0 0 0
Net income 159,990,00 196,206,00 232,473,60 268,458,00 286,125,60
0 0 0 0 0

Strong ties Ltd

 Retained earnings statement
For the year ended 31st December 2020-2024
Particular 2020 2021 2022 2023 2024

Beginning 0 159,990,000 316,198,500 469,622,475 620,674,856

balance

Less : 0 39,997,500 79,049,625 117,405,619 155,168,714

dividend
25% on
current
profit
Add : net 159,990,000 196,206,000 232,473,600 268,458,000 286,125,600
profit for
current
year
Retained 159,990,000 316,198,500 469,622,475 620,674,856 751,631,742
earnings

Strong ties Ltd

 Projected cash flow statement
For the year ended 31 December 2020-2024