Cashflow Forecast Actual Sample

Excel Skills | Monthly Cash Flow Template | Forecast vs Actual
Instructions
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This template enables users to compile a cash flow forecast for a 36 month period and to compare the cash flow forecast to
actual results on a monthly and year-to-date basis. The template includes a monthly income statement, cash flow statement On
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and balance sheet. The cash flow projections are based on monthly turnover, gross profit and expense values that are This
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entered by the user as well as a number of default assumptions which are used to create an automated balance sheet. The on
actual results are compiled from the actual account balances that are entered or copied into the template. Our unique
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template.
management report enables users to compare the forecast and actual balances by simply selecting the appropriate month
from a list box in a single input cell.
Note: The template has been compiled for a 36 month period but if you only want to compare a forecast (or budget) to actual
results for the current financial year, you can delete the columns that relate to the second & third year.
Note: Refer to our Monthly Cash Flow Projection and Annual Cash Flow Projection templates if you only want to compile a
cash flow forecast and do not require a comparison to actual account balances. The monthly cash flow projection template is
compiled on the same basis as the cash flow forecast in this template but also includes an automated calculation of a number
of key financial ratios (input values can also easily be copied over to the forecast section in this template). The annual cash
flow projection template can be used to compile an annual cash flow forecast for a five year period.
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Note: If you are using one of our accounting templates, the actual account balances can simply be copied from the
accounting template in order to record actual account balances for the purpose of this template.
The template includes the following sheets:

Assumptions - this sheet includes the default assumptions on which the monthly cash flow forecast balances are based.
You also need to specify the start date on which the template reporting periods are based on this sheet.
Forecast - this sheet includes the forecast income statement and cash flow statement for a 36 month period. All the rows that
are highlighted in yellow in column A require user input and the codes in column A are mainly used in the sales tax,
receivables & payables calculations. The rows that do not contain yellow highlighting in column A contain formulas and are
therefore calculated automatically.
Actual - this sheet includes a detailed income statement and cash flow statement that can be used to record the actual
financial results. All the rows that are highlighted in yellow in column A require user input. The rows that do not contain yellow
highlighting in column A contain formulas and are therefore calculated automatically.
BalanceSheets - this sheet includes the forecast and actual monthly balance sheets. The forecast balance sheet is
automatically calculated from the forecast assumptions and the forecast income statement & cash flow statement and no
additional user input is required. Most of the actual balance sheet balances require user input.
Loans1 to Loans3 & Leases - these sheets include detailed amortization tables which are used to calculate the forecast
interest and capital repayment amounts that are included on the forecast income statement and cash flow statement. Each
sheet provides for a different set of loan repayment terms to be specified.
Report - this sheet includes our unique management report which enables users to compare the forecast and actual income
statements, cash flow statements and balance sheets on a monthly and year-to-date basis. All the calculations on this sheet
are automated and users are only required to select the appropriate monthly period in order to update all the calculations
automatically.
Note: If you do not want to include any of the line items that are listed on the income statement, cash flow statement or
balance sheet, we recommend hiding these items instead of deleting them. If you delete items which are used in other
calculations, these calculations will result in errors which you then need to fix or remove.
Note: If you add additional line items to the forecast or actual sections of this template, you also need to add these additional
items to the other section and to the management report. The formulas on the management report can be copied from one of
the existing line items after you have added the new rows but it is important that all new items are added in the same row
positions on all sheets otherwise the formulas will not work properly.
Setup
Business Name & Reporting Periods
The business name and the start date for the template reporting periods need to be entered at the top of the Assumptions
sheet. The business name is included as a heading on all the sheets and the 36 month reporting period which is included in
the template is determined based on the start date that is specified. This date is used as the first month and 35 subsequent
months are added to form the 3 year projection period.
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Instructions
User Input
The forecast & actual income statement, cash flow statement and balance sheet only require user input where there is yellow
highlighting in column A. All rows without yellow highlighting are automatically calculated as detailed in these instructions.
The exception is the balance sheet for actual results where all line items without light blue highlighting in column A are
subject to user input in all columns aside from the first column which contains the balance sheet opening balances. Also note
that even the user input rows contain annual totals that contain formulas which should not be replaced with values.
Cash Flow Forecast
Income Statement
All monthly income statement projections need to be entered exclusive of any sales tax that may be applicable.
Turnover & Gross Profits
Monthly turnover values need to be entered on the Forecast sheet for all 36 months (excluding the annual totals in the
columns with dark blue column headings). The projected monthly gross profit percentages also need to be entered on this
sheet and are used in order to calculate the gross profit values. The monthly cost of sales projections are calculated by
simply deducting the gross profit values from the monthly turnover values.
The template includes two default lines in each of these sections - one for a typical product based item and one for a typical
service based item. The template can therefore be used for both service and trade based businesses. There are no cost of
sales and gross profit values in service based businesses and a gross profit percentage of 100% can therefore be specified.
You can also hide the cost of sales and gross profit sections if you do not want to include them in your cash flow projections.
Note: You can insert as many additional line items as required by inserting the required number of items in each section and
then entering the appropriate values where user input is required or copying the formulas from one of the existing lines. We
recommend inserting additional line items between the two existing default line items.
Note: If you insert additional line items on the Forecast sheet, you also need to insert these additional line items on the Actual
sheet and on the Report sheet in exactly the same row positions.
Note: The codes in column A are used in the sales tax and trade receivables calculations. The first two characters represent
the sales tax code and the last two characters represent the payment status. Refer to the Balance Sheet - Sales Tax and
Balance Sheet - Trade Receivables sections for more information on these codes.
Other Income
Monthly projections of other income should be entered in this row. Note that other income may consist of items like interest or
dividends received and this line item is therefore not included in trade receivables and sales tax calculations. If you want to
include other income in the trade receivables or sales tax calculations, you need to add the income to the Turnover section as
an additional line item.
Operating Expenses
All the monthly operating expense projections need to be entered in the operating expenses section of the income statement.
The template contains 22 default operating expense line items but you can add as many additional items as required or
delete the line items that you do not need. When adding additional line items, remember to copy the formulas in the total
columns from one of the existing line items.
Note: If you insert additional expense items on the Forecast sheet, you also need to insert these additional expense items on
the Actual sheet and on the Report sheet in exactly the same row positions. Also, if you change the description of operating
expenses, you also need to make the same changes on the other two sheet. We recommend copying the descriptions from
the Forecast sheet and pasting the descriptions on the other two sheets once you have inserted new rows for new expense
items.
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Instructions
Note: The codes in column A are used in the sales tax and trade payables calculations. The first two characters represent the
sales tax code and the last two characters represent the payment status. Refer to the Balance Sheet - Sales Tax and
Balance Sheet - Trade Payables sections for more information on these codes.
Staff Costs
All the monthly staff cost projections need to be entered in the staff costs section of the income statement. The template
contains 2 default staff cost line items but you can add as many additional items as required or delete the line items that you
do not need. When adding additional line items, remember to copy the formulas in the total columns from one of the existing
line items.
Note: If you insert additional staff cost items on the Forecast sheet, you also need to insert these additional staff cost items
on the Actual sheet and on the Report sheet in exactly the same row positions. Also, if you change the description of staff
cost line items, you also need to make the same changes on the other two sheet. We recommend copying the descriptions
from the Forecast sheet and pasting the descriptions on the other two sheets once you have inserted new rows for new staff
cost items.
Note: The codes in column A are used in the sales tax and trade payables calculations. The first two characters represent the
sales tax code and the last two characters represent the payment status. Refer to the Balance Sheet - Sales Tax and
Balance Sheet - Trade Payables sections for more information on these codes.
Note: Staff costs have been included in a separate section on the income statement in order to be able to calculate payroll
accruals. If you do not need to include payroll accruals in your cash flow projections, we recommend entering nil values and
hiding these rows. If you delete the section, some of the payroll accrual formulas may result in errors and you therefore may
need to delete them as well.
Depreciation & Amortization
Monthly projections for depreciation and amortization need to be calculated independently of the template and included in this
section. We unfortunately cannot include default depreciation or amortization calculations because some businesses may
have very different asset bases than others with existing assets which may already have been depreciated over a number of
years. Any calculation which is based on a percentage of the balance sheet asset value may therefore not be accurate.
If you already have a sheet which is used for depreciation or amortization calculations, you can include it in this template and
add formulas in the depreciation & amortization section of the income statement to include your calculations in the
appropriate line items.
We also realize that some users may want to include depreciation and amortization as part of their operating expenses. We
have therefore provided for this in that the depreciation and amortization calculations on the cash flow statement are based
on the default code which is included in column A. You can therefore enter nil values in the depreciation & amortization
section on the income statement, hide the section and include these line items in the operating expenses section and as long
as you also include the default codes in column A, the cash flow statement values for depreciation and amortization will be
calculated correctly.
Interest Paid
All interest paid calculations are automated and based on the amortization tables on the Loans1 to Loans3 and Leases
sheets. The template accommodates the inclusion of loans & leases based on four different sets of loan repayment terms
which need to be specified on the Assumptions sheet.
Opening loan balances are based on the balance sheet opening balances section on the Assumptions sheet and additional
loan amounts can be entered in the proceeds from loans section of the cash flow statement and will then automatically be
included in the appropriate amortization table.
You do not need to use all four loan amortization sheets - if you only need to include loans based on one set of repayment
terms, you can delete the other loan amortization sheets, delete the other interest paid rows on the income statement, delete
the other proceeds from loans rows on the cash flow statement, delete the other repayment of loans rows on the cash flow
statement and delete the other loan balances from the balance sheet.
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Instructions
The template provides for four sets of loan repayment terms - the same amortization table can basically be used for all loans
with the same repayment terms by adding additional loan amounts as proceeds to the cash flow statement in order to add
new loans to the appropriate amortization table.
If you need to add more than four sets of loan repayment terms, you will need to copy one of the amortization sheets, change
it to reflect the appropriate loan terms and then change the formulas in the amortization table to be based on the correct loan
repayment terms at the top of the sheet. This means that you need to add another set of repayment terms to the
Assumptions sheet and link the fields at the top of the new amortization table to the appropriate cells on the Assumptions
sheet.
If there is an opening balance for the required additional loan terms, you need to include a new code in the balance sheet
opening balances section on the Assumptions sheet and base the opening balance calculation in the first period of the
amortization schedule on this code. You also need to add new rows to the interest paid section on the income statement, the
loan proceeds section on the cash flow statement, the loan repayment section on the cash flow statement and the loan
balances section on the balance sheet. The appropriate formulas can be copied from one of the existing items and the sheet
reference in the copied formula can then just be replaced by the sheet name of the new amortization table that you've added.
Taxation
The taxation line item on the income statement is automatically calculated based on the profit before tax and the income tax
assumptions which are specified on the Assumptions sheet. If you do not want to include income tax in the cash flow
projections, simply enter an income tax rate of 0%. This will result in no income tax being calculated.
If you do want to include income tax calculations, the appropriate income tax percentage needs to be entered in the Income
Tax section on the Assumptions sheet. You can also enter a value for an assessed loss (as a positive value) which may have
been carried over from a previous tax year which would result in income tax only being calculated after profits exceed the
value of the assessed loss.
You also need to specify the payment frequency in months and the first calendar month in which a payment needs to be
included. The template automatically provides for income tax based on what is due and includes the income statement
amount and a provision for taxation on the balance sheet. The payment frequency and month of payment assumptions are
then used to determine when the income tax liability will be settled which will result in the appropriate cash outflow being
recorded on the cash flow statement and the provision for taxation being reduced.
The template can accommodate income tax calculations based on current and subsequent month payments. If you select the
Current option, the income tax payment amount will be calculated based on all amounts that have accrued up to and
including the month of payment. If you select the Subsequent option, the income tax payment amount will only be calculated
based on all amounts which have accrued up to the previous month end.
Example: If you select the Current option in the Income Tax section of the Assumptions sheet, all income tax amounts up to
and including the current month will be included in the income tax payment amount. This means that the provision for taxation
at the end of the particular month will be nil. The Current setting is therefore usually appropriate for provisional taxpayers.
Example: If you select the Subsequent option, all amounts up to and including the previous month end will be included in the
income tax payment amount. The provision for taxation balance on the balance sheet will therefore not be nil at the end of the
month of payment and include the current month's income tax charge.
Dividends
The template also includes automated dividends calculations. If you do not want to include any dividends in your cash flow
projections, you can simply specify a dividend percentage of zero percent.
If you want to include dividend calculations, you need to specify a dividend percentage which will be applied to the profit for
the period in order to calculate the dividend value. You also need to specify the frequency in months of dividend payments
and the first payment month. The frequency of dividends determines when the dividends are included on the income
statement and the first month of payment determines when the dividend payment is included on the cash flow statement (only
has an effect if the dividend payment option is Subsequent).
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Instructions
You can also specify whether the dividend is paid in the month of calculation (Cash option), the month after calculation (Next
option) or in a subsequent month. When you elect the subsequent month option, the payment of the dividend will be included
based on the relative position of the first month of payment in relation to the year-end period (which is determined based on
the template start date at the top of the Assumptions sheet).
Example: If you want to include a dividend in the last month of each financial year, select a payment frequency of 12 months
and month 12 as the first payment month. Then select the Cash option in order to include both the dividend on the income
statement and the payment in the last month of the year.
Example: If you want to include a dividend in the last month of each financial year but delay payment to the first month of the
next financial year, select a payment frequency of 12 months and month 12 as the first payment month. Then select the Next
option in order to include the dividend on the income statement in the last month of the financial year and the payment in the
first month of the next financial year. A dividend payable amount will then automatically be included on the balance sheet at
year-end.
Balance Sheet
All the calculations on the forecast balance sheet are automated and no user input is therefore required.
Opening Balances
If you need to compile cash flow projections for an existing business, you will need to include the opening balance sheet
balances at the start of the cash flow projection period. This is facilitated in the Balance Sheet Opening Balances section on
the Assumptions sheet. The opening balances that are entered here are included in the first column on the balance sheet.
You can use the trial balance as at the end of the period immediately before the start of the cash flow projection period for
this purpose. All assets should have positive balances and all equity & liabilities should have negative balances. The opening
balances should also balance to a total of nil as with any accounting system trial balance. If you enter balances and the total
of all balances is not nil, the entire opening balances section on the Assumptions sheet will be highlighted in orange.
You then need to fix the imbalance by adjusting the opening balances so that the total comes to a total of nil. The orange
highlighting will then be removed automatically. Also note that the cash flow projection balance sheet cannot balance if the
opening balances do not balance.
Note: If you are preparing a cash flow projection for a new business, you can include zero balances for all the balance sheet
items in the opening balances section.
Non-Current Assets
The property, plant & equipment balances on the balance sheet are calculated by adding the purchases of property, plant &
equipment as entered on the cash flow statement and deducting the depreciation charges that are included on the income
statement.
Intangible assets balances are calculated in much the same way by adding the purchases of intangible assets as per the
cash flow statement and deducting the amortization charges which need to be entered on the income statement. The
calculation of the investments balances on the balance sheet is a bit simpler in that only the purchases of new investments as
per the cash flow statement is added to the previous month's balance and there is no depreciation or amortization on
investments.
Note: Purchases of property, plant & equipment, intangible assets and investments all need to be entered as negative values
on the cash flow statement.
Current Assets - Inventory
The inventory balances on the balance sheet are calculated based on the inventory days assumption which is specified on
the Assumptions sheet. The number of days that are entered here is applied to the monthly cost of sales in order to calculate
the appropriate inventory balance. This calculation is based on the actual number of days in each month if the inventory days
assumption is greater than the number of days in the appropriate month.
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Instructions
Example: If you enter an inventory days assumption of 60 days and the month is April, the entire cost of sales value for April
will be included in the inventory balance because April only has 30 days. After including the 30 days in April, there is a
difference of 30 days between the 60 days assumption and the 30 days in April. The March cost of sales balance will
therefore be used, divided by the 31 days in March and multiplied by the 30 remaining days. The inventory balance at the end
of April will therefore consist of the cost of sales total for April and an equivalent of 30 days of the 31 day cost of sales of
March.
Note: The above calculation principle is applied regardless of the number of days which are entered as the inventory days
assumption on the Assumptions sheet even if the value of the inventory days assumption requires the inclusion of more than
2 months. This method of calculation is the most accurate way of projecting inventory balances even for businesses where
there is significant sales volatility.
Note: If your business does not carry inventory, you can simply enter a nil value in the inventory days assumption on the
Assumptions sheet. The inventory line on the balance sheet will then also contain nil values.
If you want to include variable monthly inventory days, you can do so by changing the inventory days assumption in the
Workings section of the balance sheet which has been included below the section with the ratios. Simply replace the formula
which links the inventory days assumption to the value on the Assumptions sheet by overwriting it with the appropriate
inventory days value.
Current Assets - Trade Receivables
The trade receivables balances on the balance sheet are calculated based on the debtors days assumption which is specified
on the Assumptions sheet. The debtors days number can be determined based on the average trading terms which has been
negotiated with customers. The debtors days is applied to the monthly turnover in order to calculate the appropriate trade
receivables balance. This calculation is based on the actual number of days in each month if the debtors days assumption is
greater than the number of days in the appropriate month.
Example: If you enter a debtors days assumption of 60 days and the month is April, the entire turnover value for April will be
included in the trade receivables balance because April only has 30 days. After including the 30 days in April, there is a
difference of 30 days between the 60 days assumption and the 30 days in April. The March turnover balance will therefore be
used, divided by the 31 days in March and multiplied by the 30 remaining days. The trade receivables balance at the end of
April will therefore consist of the turnover total for April and an equivalent of 30 days of the 31 day turnover of March.
Note: The above calculation principle is applied regardless of the number of days which are entered in the debtors days
assumption on the Assumptions sheet even if the value of the debtors days assumption requires the inclusion of more than 2
months. This method of calculation is the most accurate way of projecting trade receivable balances even for businesses
where there is significant sales volatility.
Where sales tax is applicable, the appropriate sales tax value relating to monthly turnover will be added to the trade
receivables balance. Sales tax codes are defined on the Assumptions sheet and the codes in column A next to the turnover
amounts on the income statement are used to determine the appropriate rate of sales tax to be used.
The trade receivables calculation will also only include lines that are coded with a sales tax rate code (in the first two
characters) and a "C1" at the end of the code. The C1 part of the code refers to credit sales while the inclusion of a C0 code
at the end refers to cash sales. Cash sales do not need to be included in the trade receivables calculation and turnover lines
with C0 or no code in column A are therefore ignored when calculating trade receivable balances.
Example: If the standard rate sales tax code is V1 and the appropriate turnover line needs to be included in the calculation of
trade receivables, the code V1C1 needs to be added in column A of the appropriate turnover line on the income statement. If
you do not want to add sales tax in the trade receivables calculation but you do want a trade receivables line to be included in
the balance sheet, you can add a code which refers to a 0% sales tax calculation as well as the C1 credit sales indicator.
Example: If you do not want a particular turnover line to be included in the trade receivables calculation, you can include any
sales tax rate followed by C0 in order to exclude the line in the trade receivables calculations. For example, a turnover line
with a code of V1C0 would not form part of the trade receivables calculations.
Note: If your business has no trade receivables, you can simply enter a nil value in the debtors days assumption on the
Assumptions sheet. The trade receivables line on the balance sheet will then also contain nil values.
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Instructions
If you want to include variable monthly debtors days, you can do so by changing the debtors days assumption in the
which links the debtors days assumption to the value on the Assumptions sheet by overwriting it with the appropriate debtors
days value.
Current Assets - Loans & Advances, Other Receivables
The loans and advances & other receivables balances cannot be calculated by basing them on specific income statement
items and they are therefore calculated by adding the movements in these balances as per the cash flow statement to the
balances of the previous month. If you therefore want to increase or decrease these balances, you need to add the amount of
the increase or decrease to the line with a matching description on the cash flow statement (under the changes in operating
assets section).
Current Assets - Cash & Cash Equivalents
The cash & cash equivalents balances on the balance sheet are linked to the closing cash balances on the cash flow
statement. If the resulting cash & cash equivalents balance has a negative value, it will automatically be included in the bank
overdraft line in the Current Liabilities section of the balance sheet.
Equity - Shareholders Contributions, Reserves
The shareholders contributions & reserves balances cannot be calculated by basing them on income statement items and
they are therefore calculated by adding the movements in these balances as per the cash flow statement to the balances of
the previous month. If you therefore want to increase or decrease these balances, you need to add the amount of the
increase or decrease to the line with a matching description on the cash flow statement.
Note: The shareholders contribution line on the cash flow statement can be found under the cash flow from financing
activities and the reserves line on the cash flow statement under the non-cash adjustments.
Equity - Retained Earnings
The retained earnings balances on the balance sheet are linked to the retained earnings for the year which is calculated on
the income statement.
Non-Current Liabilities - Loans 1 to 3, Leases
The template provides for loans & leases to be included based on 4 different sets of loan repayment terms. Loans with the
same repayment terms can be grouped together in the appropriate line item. There is no difference between the treatment of
loans 1 to 3 and leases. If you do not have finance leases and have loans with 4 different sets of repayment terms, you can
use the Leases sheet and rename the appropriate line items accordingly.
Note: The loan repayment period in years is limited to a maximum period of 30 years. If you want to include a loan repayment
period which exceeds this period, you need to change the data validation settings in the appropriate input cell by selecting the
data validation feature from the Data tab on the Excel ribbon and editing the maximum value of 30 which has been set in the
loan repayment period cells.
Each of the loan repayment terms can be specified in the Loan Terms section on the Assumptions sheet. The loan terms
include the annual interest rate, loan repayment period in years and a selection field which can be used to indicate interest-
only loans. These loan repayment terms are then included at the top of the appropriate loan amortization sheet on the
Loans1 to Loans3 and Leases sheets.
Note: A set of loan terms can be specified as interest-only by selecting the "Yes" option from the interest-only drop-down list
in the appropriate loan terms on the Assumptions sheet. If this selection is made, the loan will be interest only and not include
any loan repayments.
All the calculations on the amortization sheets are fully automated. The loan terms are taken from the Assumptions sheet and
the opening balances in the first row of the amortization table are based on the opening balances that are entered in the
balance sheet opening balances section of the Assumptions sheet.
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Instructions
The loan repayments, interest charged and capital repayments are calculated based on the outstanding balances at the
beginning of each period. Additional loans can be added to the appropriate amortization table by entering the appropriate
values in the proceeds from loans section on the cash flow statement (under the cash flow from financing activities section).
The outstanding loan or lease balances at the end of each monthly period are then included in the appropriate lines on the
balance sheet.
Current Liabilities - Bank Overdraft
The bank overdraft as well as cash & cash equivalents are based on the closing cash balances which are calculated on the
cash flow statement. If the appropriate monthly closing balance is negative, the balance is included as a bank overdraft and if
it is positive, it is included as cash under current assets on the balance sheet.
Current Liabilities - Trade Payables
The trade payables balances on the balance sheet are calculated based on the creditors days assumption which is specified
on the Assumptions sheet. The number of days that are included here can be determined based on the average trading
terms which has been negotiated with suppliers.
The monthly cost of sales, operating expenses and staff costs on the income statement are added together in order to
determine a monthly value on which the trade payables calculations should be based. Expenses and costs which are paid on
a cash basis can be excluded from the trade payables calculation by entering a code which ends in C0 in column A on the
income statement. The codes in column A start with the appropriate two character sales tax code and end with the two
character payables code.
Example: The expense codes in column A for all line items that need to be included in the trade payables calculation and
which need to be subject to sales tax at a standard rate should be V1C1. If the expense item is settled on a cash basis and
also subject to the standard sales tax rate, the code in column A should be V1C0 which will then result in the item not being
included in the trade payables calculation.
If you want to also include purchases of property, plant & equipment in the trade payables calculation, the standard code of
PPE in column A on the cash flow statement needs to be amended to the appropriate code which starts with the sales tax
code and ends with C1. For standard sales tax, the code will therefore be V1C1.
Like the calculation of inventory and trade receivables balances, the trade payables balances on the balance sheet are based
on the actual number of days in each month if the creditors days assumption is greater than the days in the appropriate
month.
Example: If you enter a creditors days assumption of 60 days and the month is April, the entire cost of sales & expense value
for April will be included in the trade payables balance because April only has 30 days. After including the 30 days in April,
there is a difference of 30 days between the 60 days assumption and the 30 days in April. The March cost of sales & expense
balance will therefore be used, divided by the 31 days in March and multiplied by the 30 remaining days. The trade payables
balance at the end of April will therefore consist of the cost of sales & expenses total for April and an equivalent of 30 days of
the 31 day cost of sales & expense values of March.
Note: The above calculation principle is applied regardless of the number of days which are entered as the creditors days
assumption on the Assumptions sheet even if the value of the creditors days assumption requires the inclusion of more than
2 months. This method of calculation is the most accurate way of projecting trade payables balances even for businesses
where there is significant sales or expense volatility.
Where sales tax is applicable, the appropriate sales tax value relating to monthly cost of sales & expenses will be added to
the trade payables balance. Sales tax codes are defined on the Assumptions sheet and the code in column A next to the cost
of sales & expense amounts on the income statement are used to determine the appropriate rate of sales tax to be used.
The trade payables calculation will also only include lines that are coded with a sales tax rate code (in the first two characters)
and a "C1" at the end of the code. The C1 part of the code refers to purchases on credit while the inclusion of a C0 code at
the end refers to cash purchases. Cash purchases do not need to be included in the trade payables calculation and cost of
sales & expense lines with C0 or no code in column A are therefore ignored when calculating trade payables balances.
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Instructions
Example: If the standard rate sales tax code is V1 and the appropriate cost of sales or expense line needs to be included in
the calculation of trade payables, the code V1C1 needs to be added in column A of the appropriate line on the income
statement. If you do not want to add sales tax in the trade payables calculation but you do want a trade payables line to be
included in the balance sheet, you can add a code which refers to a 0% sales tax calculation as well as the C1 credit
purchases indicator.
Example: If you do not want a particular cost of sales or expense line to be included in the trade payables calculation, you
can include any sales tax rate followed by C0 in order to exclude the line in the trade payables calculations. For example, an
expense or cost of sales line item with a code of V1C0 in column A on the income statement would not form part of the trade
payables calculations.
Note: If your business has no trade payables, you can simply enter a nil value in the creditors days assumption on the
Assumptions sheet. The trade payables line on the balance sheet will then also contain nil values.
If you want to include variable monthly creditors days, you can do so by changing the creditors days assumption in the
which links the creditors days assumption to the value on the Assumptions sheet by overwriting it with the appropriate
creditors days value.
Current Liabilities - Sales Tax
The template accommodates the inclusion of sales tax in all relevant calculations based on four default sales tax calculation
codes and any sales tax period. All income statement and cash flow statement items need to be entered exclusive of any
sales tax that may be applicable and the trade receivables and trade payables balances on the balance sheet will be
calculated inclusive of sales tax. The net sales tax liability is included in the Sales Tax line on the balance sheet.
The template can be used for general sales tax (GST) and value added tax (VAT) purposes. Where there is no sales tax
input which reduces the sales tax liability, the codes in column A on the income statement can simply be changed to contain
a sales tax code (in the first two characters of the code) which has a zero percentage. Only the sales tax codes that are
included next to the turnover lines will then be included in sales tax calculations (as required by some general sales tax
calculations).
The appropriate sales tax percentages can be entered in the Sales Tax section of the Assumptions sheet. The template
provides for 4 default sales tax codes, each with its own sales tax percentage. The sales tax codes are numbered from V1 to
V4.
The income statement contains codes in column A which affects the calculations of sales tax and trade receivables or trade
payables. The first two characters of these codes determine which sales tax percentage is used in the sales tax calculations.
If an income statement item needs to be excluded from sales tax calculations, you should use a sales tax code with a zero
percentage on the Assumptions sheet.
Note: Each line on the income statement can therefore only be linked to one sales tax percentage. If more than one sales tax
percentage needs to be applied to the same income statement item, you need to split the income statement amount into two
lines and enter the appropriate sales tax codes in column A for each of the lines.
Note: If you are preparing cash flow projections for a business which is not subject to sales tax, simply enter zero
percentages for all four sales tax codes.
The sales tax assumptions that need to be specified on the Assumptions sheet also include the frequency of sales tax
payments (in months) and the calendar month of the first payment period. You can therefore calculate sales tax based on any
period frequency from one to twelve months.
Example: If your business is subject to sales tax payments of every two months and the first payment is due in February, a
frequency of 2 needs to be specified and the first payment month should be set to 2 for February. Similarly, if your business is
subject to sales tax payments of every 6 months with payments due in March and August, the frequency should be set to 6
and the first payment month should be set to 3. If your business is subject to monthly sales tax payment periods, the
frequency should be 1 and the first payment month should also be 1.
Page 10 of 64
Instructions
The Current or Subsequent setting in the Sales Tax section on the Assumptions sheet determines how the calculated sales
tax amounts of the current period are handled. If you select the Current option, the sales tax amounts of the current period
will be included in the calculation of the payment amount which is due in the particular month and the sales tax liability at the
end of the payment month will be nil.
If you select the Subsequent setting, the sales tax amount of the current period is not included in the calculation of the
payment amount and the sales tax liability at the end of the appropriate payment month will always include at least one
month.
Note: The Subsequent setting is usually the appropriate setting to use for sales tax purposes. The Current settings is more
applicable to tax types which are subject to provisional tax.
Example: If you set a payment frequency of 1 month, first payment month of 1 and select the Current option, the sales tax
liability on the balance sheet will always be nil because the current month's sales tax will be included in the sales tax
payment. If you have the same period settings and select the Subsequent option, the sales tax liability on the balance sheet
will always include the current month's sales tax because the payment amount will be based on the previous month's sales
tax.
Note: The first payment month setting refers to the month of payment and not the sales tax period end. There is a difference -
a sales tax period may end in February with payment in March which means that the first payment month of the calendar year
is actually January or month 1 (if the payment frequency is two months).
Current Liabilities - Payroll Accruals
The payroll accrual on the balance sheet is based on the payroll accrual assumptions in the Working Capital section of the
Assumptions sheet and the amounts in the staff costs section of the income statement. If payroll deductions are paid in the
same month as they are incurred, you can set the payroll accrual percentage to zero and the payroll accrual balances on the
balance sheet will also be zero.
Staff costs have been included in a separate section on the income statement to make it easier to calculate payroll accrual
balances. You can however include staff costs in operating expenses but you need to ensure that you also include the "PAY"
code in column A for all the staff costs that you want to include in the payroll accrual calculations.
You also need to specify the appropriate percentage of staff costs which needs to be included in your payroll accruals. This
percentage should be based on the percentage of staff costs which are paid in a subsequent month and is based on the
current month's staff costs. Payroll accruals usually consist of salary & wage deductions which need to be paid over to third
parties and differ from entity to entity. You therefore need to calculate the appropriate payroll accrual percentage based on
the composition of the salary or wage structures of all employees.
The payroll accrual assumptions that need to be specified on the Assumptions sheet also include the frequency of payroll
accrual payment periods (in months) and the payment month of the first payroll accrual period. You can therefore calculate
payroll accruals based on any payment period frequency from one to twelve months. The calculated payroll accruals are
added together in the payroll accrual balance until the month of payment.
Example: If you need to settle payroll accruals every two months and the first payment is due in February, a frequency of 2
needs to be specified and the first payment month should be set to 2 for February. Similarly, if you settle payroll accruals
every 6 months with payments due in March and August, the frequency should be set to 6 and the first payment month
should be set to 3. If you settle payroll accruals on a monthly basis, the frequency should be 1 and the first payment month
should also be 1.
The Current or Subsequent setting in the Payroll Accruals section on the Assumptions sheet determines how the calculated
payroll accrual amounts of the current period are handled. If you select the Current option, the payroll accrual amounts of the
current period will be included in the calculation of the payment amount which is due in the particular month and the payroll
accrual balance at the end of the payment month will be nil.
If you select the Subsequent setting, the payroll accrual amounts of the current period are not included in the calculation of
the payment amount and the payroll accrual balances on the balance sheet at the end of the appropriate payment month will
always include at least one month.
Page 11 of 64
Instructions
Note: The Subsequent setting is usually the appropriate setting to use for payroll accrual purposes. The Current setting is
more applicable to tax types which are subject to provisional tax payments where payment occurs in the same month as the
tax calculation.
Example: If you set a payment frequency of 1 month, first payment month of 1 and select the Current option, the payroll
accruals on the balance sheet will always be nil because the current month's payroll accruals will be included in the payment
calculation. If you have the same period settings and select the Subsequent option, the payroll accruals on the balance sheet
will always include the current month's payroll accrual because the payment amount will be based on the previous month's
payroll accrual.
Note: The first payment month setting refers to the month of payment and not the payroll accrual period end. There is a
difference - a payroll accrual period may end in February with payment in March which means that the first payment month of
the calendar year is actually January or month 1 (if the payment frequency is two months).
If you want to include payroll accruals based on variable monthly payroll accrual percentages, you can do so by changing the
payroll accrual percentage assumption in the Workings section of the balance sheet which has been included below the
section with the ratios. Simply replace the formula which links the payroll accrual percentage assumption to the value on the
Assumptions sheet by overwriting it with the appropriate payment accrual percentage.
Current Liabilities - Other Accruals, Other Provisions
The other accrual & other provisions balances cannot be calculated by basing them on specific income statement items and
they are therefore calculated by adding the movements in these balances as per the cash flow statement to the balances of
the previous month. If you therefore want to increase or decrease these balances, you need to add the amount of the
increase or decrease to the line with a matching description on the cash flow statement (under the changes in operating
assets section).
Current Liabilities - Provision for Taxation
The calculation of income tax on the income statement is based on the profit before tax on the income statement and the
assumptions that are specified in the Income Tax section on the Assumptions sheet.
The profit before tax amount is multiplied by the income tax percentage on the Assumptions sheet in order to calculate the
monthly income tax value. If there is a loss before tax on the income statement, no income tax will be calculated but if there
were profits before the period with the loss, the income tax that was calculated in previous periods will be reversed in the
period with the loss.
The template also makes provision for the inclusion of an assessed loss which has been carried over from previous financial
periods and income tax will only be calculated after the assessed loss has been fully reduced by profits in the projection
periods.
The income tax assumptions on the Assumptions sheet also include the frequency of payment of income tax (in months) and
the calendar month of the first income tax payment. You can therefore calculate a provision for income tax based on any
payment period frequency from one to twelve months. The calculated income tax amounts are added together in the
provision for income tax balance on the balance sheet until the month of payment.
Example: If you need to settle income tax liabilities every six months and the income tax payments are due in February and
August of each year, a frequency of 6 needs to be specified and the first calendar month should be set to 2 for February.
Similarly, if you settle income tax liabilities at the end of each quarter with payments due in March, June, September and
December, the frequency should be set to 3 and the first payment month should also be set to 3. If you need to settle income
tax liabilities 9 months after each year-end and the cash flow projection year-end is February, the frequency should be set to
12 months and the first payment month should be set to 11.
The Current or Subsequent setting in the Income Tax section on the Assumptions sheet determines how the income tax
amounts of the current period are handled. If you select the Current option, the income tax amounts of the current period will
be included in the calculation of the payment amount which is due in the particular month and the provision for income tax
balance on the balance sheet at the end of the payment month will be nil.
If you select the Subsequent setting, the income tax amounts of the current period are not included in the calculation of the
payment amount and the provision for income tax balance on the balance sheet at the end of the appropriate payment month
will always include income tax for at least one month.
Page 12 of 64
Instructions
Note: The Current setting is usually the appropriate setting to use for income tax purposes if the entity is a provisional
taxpayer which effectively means that income tax is paid in advance. If the entity is not a provisional taxpayer, the
Subsequent setting should be used because income tax will be settled after being incurred.
Current Liabilities - Dividends Payable
The calculation of dividends on the income statement is based on the profit for the year on the income statement and the
assumptions that are specified in the Dividends section on the Assumptions sheet. Dividends will only be calculated if you
enter a dividend percentage on the Assumptions sheet - if you therefore do not want to include dividends in your cash flow
projections, you can simply enter a zero value as the dividend percentage.
The dividend percentage that is specified on the Assumptions sheet is applied to the profit for the year on the income
statement which can be found directly above the dividends line. Dividends will also only be calculated if there is a cumulative
profit for the year.
The dividends assumptions on the Assumptions sheet also include the frequency of payment of dividends (in months) and
the first calendar month of the dividend payment. You can therefore calculate dividends based on any payment period
frequency from one to twelve months (although 6 or 12 months is the norm). The calculated dividends amounts are added
together in the dividends payable balance on the balance sheet until the month of payment.
Example: If dividends are declared every six months, you need to specify a frequency of 6 months on the Assumptions sheet
and then select the appropriate payment basis. Dividends will be reflected on the income statement every 6 months and the
dividends payable balances on the balance sheet will be determined based on the first payment month and the payment
option which is selected (Cash, Next or Subsequent). Similarly, if the payment frequency is set to 12 months, dividends will
be included on the income statement every 12 months and the dividends payable balance will be determined based on the
first payment month and the payment option.
The Cash, Next or Subsequent setting in the Dividends section on the Assumptions sheet determines how the dividends
payable balances on the balance sheet are calculated and therefore also when the dividend payment will be included on the
cash flow statement.
If you select the Cash option, the dividend payable balances on the balance sheet will always be nil and what this means is
that the dividend payment is effectively included in the same month as the month in which the dividend is declared. The
month in which the declared dividend is included is based on the payment frequency (in months) and the cash flow projection
year-end.
If you select the Next option, the dividend payment will be included in the month after the month in which the dividend amount
is included on the income statement. The dividend payable balance on the balance sheet will therefore only contain a
balance in the dividend declaration month.
If you select the Subsequent option, dividends will be included on the income statement based on the frequency setting on
the Assumptions sheet and the payment of the dividend will be delayed until the first payment month (also as per the
Assumptions sheet) is reached. A dividends payable balance will be reflected on the balance sheet in all months until the
payment month is reached.
Example: If you set the dividend payment frequency to 12 months, a dividend amount will be included on the income
statement in the last month of the appropriate cash flow projection year. If the payment option is set to Cash, no dividend
payable amount will be included on the balance sheet and the dividend payment will be included on the cash flow statement
in the same month.
Example: If you set the dividend payment frequency to 12 months and the payment option is set to Next, the dividend will be
included on the income statement in the last month of the appropriate cash flow projection year, the dividend payable at the
end of the financial year will equal the income statement amount and the dividend payment will be included in the first month
of the next financial year.
Example: If you set the dividend payment frequency to 12 months and the payment option is set to Subsequent, the dividend
will be included on the income statement in the last month of the appropriate cash flow projection year and the dividend
payable at the end of the financial year and all subsequent months in the new financial year until the first payment month is
reached will equal the income statement amount. The dividend payment will be included in the first payment month as set on
the Assumptions sheet but in the year after inclusion on the income statement.
Page 13 of 64
Instructions
If the cash flow projection year-end as per the above example is February, the first payment month is set to 9 for September
and the Subsequent payment option is selected, the dividend will be included in February on the income statement and the
same amount will be included as a dividend payable on the balance sheet from February to August of the next financial year.
The dividend payment will then be included in September on the cash flow statement and the dividend payable at the end of
September will be nil.
Forecast Balance Sheet Errors
If the balance sheet for any monthly period does not balance, the amount of the imbalance will be included in the row below
the total equities & liabilities and displayed in red. The template has been designed in such a way that the forecast balance
sheet should always be in balance as long as the total of the balance sheet opening balances which are included on the
Assumptions sheet is nil.
If you see an imbalance on the balance sheet, you therefore need to check the opening balance sheet balances on the
Assumptions sheet and ensure that the total of all the opening balances in this section is nil.
If fixing the opening balances does not resolve your imbalance, you can e-mail our Support function and let us know what
changes you have made to the formulas in the template so that we can assist you. If you have made a lot of changes, you
may need to start over with the downloaded copy of the template.
Balance Sheet Workings
We have included all the calculations which form part of the calculation of forecast balance sheet balances in the Workings
section below the actuals balance sheet. These workings will not be printed and are for information purposes only. You can
therefore hide this section if you do not want to see it on the sheet but do not delete any of these formulas because it will
result in calculation errors if you do!
Cash Flow Statement
All the rows on the forecast cash flow statement which require user input are indicated with yellow highlighting in column A.
All the other rows contain formulas which automate the calculations of these items which are all based on income statement
or balance sheet values.
The input rows on the cash flow statement are all related to balance sheet items where the calculations on the balance sheet
are based on adding the movement on the cash flow statement to the previous month's balance on the balance sheet. If you
need more guidance on any of these items, refer to the appropriate section for the particular item under the Balance Sheet
section of these instructions.
Note: The colour of the codes in column A on the cash flow statement indicate whether positive or negative values need to be
entered in order to increase the appropriate balance sheet item's balance. If the code is green, positive input values increase
the balance sheet balance and if the code is red, you need to enter negative values in order to increase the balance sheet
balances.
Loan Amortization Tables (Loans1 to Loans3 & Leases sheets)
The template makes provision for including loans with up to four different sets of repayment terms in the cash flow
projections. The amortization tables that are used to calculate the interest charges, additional loan amounts, loan repayments
and outstanding balances have been included on the Loans1, Loans2, Loans3 and Leases sheets. No user input is required
on these sheets.
Note: Refer to the instructions in the income statement - interest paid section and the balance sheet - non-current liabilities
section for guidance on how these amortization tables have been compiled and where to include user input for each of these
amortization tables.
Page 14 of 64
Instructions
Actual Results
Income Statement
Actual monthly account balances should be entered in the appropriate rows on the Actual sheet. All the rows that require user
input have been indicated with yellow highlighting in column A. Rows that do not contain yellow highlighting in column A
contain formulas and are therefore calculated automatically.
Note: The cost of sales and gross profit values are calculated based on the gross profit percentages that are specified for
each turnover line item. These rows therefore do not require user input as long as you enter the required gross profit
percentages.
Note: If you are using one of our accounting templates, the actual account balances can simply be copied from the
accounting template and pasted into the appropriate rows in this template.
Balance Sheet
Both the forecast and actual balance sheets are included on the BalanceSheets sheet - the actuals balance sheet is included
below the forecast balance sheet. Most of the balance sheet items that are included on the actuals balance sheet require
user input. You therefore need to enter or copy the appropriate balances onto the balance sheet. The rows that do not
require user input are highlighted in light blue in column A. Also note that the columns with the annual balance sheet values
contain formulas which should not be overwritten with values.
Note: The first column in the actuals balance sheet also contains formulas which pick up the balance sheet opening balances
from the Assumptions sheet automatically. The opening balances for both the forecast & actual balance sheets are therefore
the same.
Note: If the actuals balance sheet does not balance the value of the imbalance will be reflected below the total equities &
liabilities row. If there is an imbalance, you need to check that all income statement and balance sheet user input values have
been included correctly and fix any errors that may exist.
Cash Flow Statement
The cash flow statement for the actual results is included below the income statement for actuals on the Actual sheet. The
actuals cash flow statement requires no user input aside from the proceeds from loans items and all other cash flow
statement balances are calculated automatically based on the income statement & balance sheet user input values which
need to be entered or copied onto these reports.
Note: The loans & lease balance sheet balances are used to calculate the loan repayment amounts on the actuals cash flow
statement and the user input in the proceeds from loans rows are then removed from these balances so that all loan
repayments are included in the repayment rows. If you do not enter any proceeds from loans, the balance sheet will however
still balance.
Management Report
The management report on the Report sheet can be used to compare forecast and actual account balances on a monthly
and year-to-date basis. All the calculations on the this sheet are automated and the report can be compiled for any monthly
period by simply selecting the appropriate period from the list box at the top of the sheet.
Note: The only user input that is required aside from selecting the appropriate reporting period is the customization of the
expense accounts in the Expenses section of the report. The expense accounts that are included on the Forecast, Actual and
Report sheets should be exactly the same, otherwise the calculations on the management report may not be accurate.
Note: If you add any rows to the cash flow forecast or actual results sheets, you also need to add these rows to the Report
sheet otherwise your balance sheets may not balance.
Page 15 of 64
Instructions
Note: If the balance sheet for any of the periods that are included in the report does not balance, an error will be displayed in
the balance sheet status row at the bottom of the sheet and highlighted in orange. The value of the imbalance will also be
displayed above the error. This error should be resolved by comparing the values on the report sheet to the values on the
Forecast, Actual and BalanceSheets sheets. If there is no imbalance on these sheets, the error may be the result of rows
being added to those sheets and not being added to the Report sheet.
All the calculations on the management report are based on the date that is selected from the list box at the top of the sheet.
This list box includes all 36 monthly periods that are included in the template. When you change the period selection, all the
calculations on the management report are updated automatically.
Note: If you change the start date of the template, the current period selection at the top of the management report may
become invalid and be highlighted in orange. This error can be cleared by simply selecting a valid period.
Help & Customization
If you experience any difficulty while using this template and you are not able to find the appropriate guidance in these
instructions, please e-mail us at support@excel-skills.com for assistance. This template has been designed with flexibility in
mind to ensure that it can be used in most business environments. If however you need an Excel based template that is
customized specifically for your business requirements, please e-mail our Support function and provide a brief explanation of
your requirements.
© Copyright
This template remains the intellectual property of www.excel-skills.com and is protected by international copyright laws. Any
publication or distribution of this template outside the scope of the permitted use of the template is expressly prohibited. In
terms of the permitted use of this template, only the distribution of the template to persons within the same organisation as
the registered user or persons outside the organisation who can reasonably be expected to require access to the template as
a direct result of the use of the template by the registered user is allowed. Subsequent distribution of the template by parties
outside of the organisation is however expressly prohibited and represents an infringement of international copyright laws.
Page 16 of 64
Example (Pty) Limited
Cash Flow Forecast - Assumptions
© www.excel-skills.com
Business Name Example (Pty) Limited
Start Date 3/1/2020
Financial Assumptions - Income Statement

Turnover
Monthly turnover projections need to be entered on the Forecast worksheet. The
The input
input values
values on
on this
this sheet
sheet are
are used
use
Gross Profit % calculations.
calculations. The reporting periods tha
The reporting periods tha
Monthly gross profit percentages need to be entered on the Forecast worksheet. flow
flow statement
statement and
and balance
balance sheet
sheet are
are dd
Other Income the
the top
top of
of the
the sheet.
sheet. Other
Other assumption
assumptio
Monthly other income projections need to be entered on the Forecast worksheet. trade
trade payables, payroll accruals,
payables, payroll accruals, sales
sales
Operating Expenses balances
balances andand dividends.
dividends.
Monthly operating expense projections need to be entered on the Forecast worksheet.
Staff Costs
Monthly staff cost projections need to be entered on the Forecast worksheet.
Monthly depreciation & amortization need to be entered on the Forecast worksheet.
Interest, Taxation & Dividends
Automatically calculated on the Forecast worksheet.
Financial Assumptions - Balance Sheet

The following balance sheet balances are projected by entering the appropriate monthly movements on the cash flow statement. Red codes
in column A indicate that you need to enter a negative value to increase the appropriate balance sheet balance.
RES Reserves
ADV Loans & Advances
ODB Other Receivables
ACC Other Accruals
OPV Other Provisions
PPE Purchases of property, plant & equipment
INA Purchases of intangible assets
INV Purchases of investments
CAP Proceeds from shareholders' contributions
LT1 Loans 1 (only the proceeds from loans)
FIN Finance Leases (only the proceeds)
The following balance sheet balances are calculated based on the assumptions that are entered on this sheet:
Working Capital
Inventory Days 30
Debtors Days 25
Creditors Days 20
Payroll Accrual:
Accrual % 20.0%
Payment Frequency (Months) 1
First Payment Month 1
Current Or Subsequent Subsequent 0
Sales Tax
Rates
V1 Standard 15.0%
V2 Secondary 0.0%
V3 Zero Rated 0.0%
V4 Exempt 0.0%
Current Or Subsequent Subsequent 0
Income Tax
Income Tax % 28.0%
Assessed Loss Carried Over 0
Page 17 of 64
Current Or Subsequent Current 1
Page 18 of 64
Projected loan repayments and interest are calculated based on the below terms (each on a separate sheet).
Loan Terms Loans 1 Loans 2 Loans 3
Interest Rate 10.25% 9.25% 12.50%
Repayment Term (in years) 10.0 8.0 5.0
Interest Only No No No
The below section can be used to include balance sheet opening balances for existing businesses.
Balance Sheet Opening Balances
PPE Property, Plant & Equipment 1,050,000
INA Intangible Assets 120,000
INV Investments 800,000
ADV Loans & Advances 55,000
STC Inventory 170,000
DEB Trade Receivables 370,000
ODB Other Receivables 53,000
CSH Cash & Cash Equivalents 171,000
CAP Shareholders' Contributions (1,000)
RES Reserves -
EAR Retained Earnings (400,000)
LT1 Long Term Loans 1 (1,200,000)
LT2 Long Term Loans 2 (500,000)
LT3 Long Term Loans 3 -
FIN Finance Leases (425,000)
OVD Bank Overdraft -
CRE Trade Payables (130,000)
VAT Sales Tax (16,000)
PAY Payroll Accruals (20,000)
ACC Accruals (55,000)
TAX Provision For Taxation -
DIV Dividends Payable -
OPV Other Provisions (42,000)
Dividends
Dividend % 0.0%
First Payment Month 3 3
Current Or Subsequent Next 1
Page 19 of 64
On
On this
this sheet:
sheet:
e input
he input values
values onon this
this sheet
sheet are
are used
used to
to automate
automate some
some of of the
the monthly
monthly cash
cash flow
flow forecast
forecast
alculations. The reporting periods that are included on the monthly income statement, cash
lculations. The reporting periods that are included on the monthly income statement, cash
w statement
ow statement and
and balance
balance sheet
sheet are
are determined
determined basedbased on
on the
the start
start date
date that
that is
is specified
specified at
at
ee top
top of
of the
the sheet.
sheet. Other
Other assumptions
assumptions on on this
this sheet
sheet include
include inventory,
inventory, trade
trade receivables,
receivables,
de payables,
ade payables, payroll
payroll accruals,
accruals, sales
sales tax,
tax, income
income tax,
tax, loan
loan terms,
terms, balance
balance sheet
sheet opening
opening
lances and dividends.
alances and dividends.
ash flow statement. Red codes
Page 20 of 64
Leases
11.50%
4.0
No
Page 21 of 64
Forecast - Income Statement
Mar-2020 Apr-2020 May-2020 Jun-2020 Jul-2020 Aug-2020 Sep-2020 Oct-2020 Nov-2020 Dec-2020 Jan-2021 Feb-2021 Year 2021
Product Sales 285,600 305,200 308,000 311,200 315,800 310,000 302,000 314,000 318,200 256,500 330,600 305,200 3,662,300
Income From Services 125,000 115,000 128,000 132,000 127,000 133,000 130,000 128,900 132,000 118,000 135,000 131,200 1,535,100
Total Turnover 410,600 420,200 436,000 443,200 442,800 443,000 432,000 442,900 450,200 374,500 465,600 436,400 5,197,400
Products 185,640 198,380 200,200 202,280 205,270 201,500 193,280 200,960 203,648 164,160 211,584 195,328 2,362,230
Services - - - - - - - - - - - - -
Total Cost of Sales 185,640 198,380 200,200 202,280 205,270 201,500 193,280 200,960 203,648 164,160 211,584 195,328 2,362,230
Products 99,960 106,820 107,800 108,920 110,530 108,500 108,720 113,040 114,552 92,340 119,016 109,872 1,300,070
On
On this
this sheet:
sheet:
Services 125,000 115,000 128,000 132,000 127,000 133,000 130,000 128,900 132,000 118,000 135,000 131,200 1,535,100
This
This section
section contains
contains aa monthly
monthly income
income statement
statement for
for aa 36
36 month
month period.
period. All
All the
the rows
rows with
with
Total Gross Profit 224,960 221,820 235,800 240,920 237,530 241,500 238,720 241,940 246,552 210,340 254,016 241,072 2,835,170
yellow
yellow highlighting
highlighting inin column
column A A require
require user
user input
input and
and all
all other
other rows
rows areare calculated
calculated
Products 35.0% 35.0% 35.0% 35.0% 35.0% 35.0% 36.0% 36.0% 36.0% 36.0% 36.0% 36.0% 35.5%
automatically.
automatically. Additional
Additional turnover
turnover & & expense
expense rows
rows can
can bebe added
added ifif required
required and
and the
the template
template
Services 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
is
is suitable
suitable for
for both
both service
service && trade
trade based
based businesses.
businesses. The The codes
codes inin column
column A A apply
apply to to
Gross Profit % 54.8% 52.8%
automated 54.1% 54.4% 53.6% 54.5% 55.3% 54.6% 54.8% 56.2% 54.6% 55.2% 54.5%
automated balance
balance sheet
sheet calculations
calculations for
for sales
sales tax,
tax, trade
trade receivables
receivables and and trade
trade payables.
payables.
Other Income 500 The 500 500 500 500 500 500 500 500 500 500 500 6,000
The monthly
monthly reporting
reporting periods
periods are
are determined
determined based
based onon the
the start
start date
date that
that is
is specified
specified at at the
the
Operating Expenses top
top of
of the
the “Assumptions”
“Assumptions” sheet.
sheet.
Accounting Fees 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 24,000
Advertising & Marketing 5,000 5,000 10,000 5,000 5,000 25,000 5,000 5,000 43,000 13,000 5,000 5,000 131,000
Bank Charges 250 250 250 250 250 250 250 250 250 250 250 250 3,000
Cleaning Expenses 500 500 800 800 800 860 860 860 860 860 860 860 9,420
Computer Expenses - - - 3,800 - - - - - - - 4,200 8,000
Consumables 1,250 - - - 2,300 780 200 - - 759 - - 5,289
Electricity & Water 1,000 1,000 1,000 1,000 1,000 1,200 1,200 1,200 1,200 1,200 1,200 1,200 13,400
Entertainment - - - - - - - 12,000 - - - - 12,000
Equipment Hire - - - - 18,000 - - - - - - - 18,000
Insurance 2,000 2,000 2,000 2,000 2,000 2,000 2,300 2,300 2,300 2,300 2,300 2,300 25,800
Legal Fees - - - 74,000 - - - - - - - - 74,000
Motor Vehicle Expenses - - - - - - 1,800 - - - - - 1,800
Postage 100 100 100 100 100 100 100 100 100 100 100 100 1,200
Printing & Stationery 300 300 300 300 300 300 300 300 300 300 300 300 3,600
Professional Fees - - - - - - - 32,000 - - - - 32,000
Rent 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 22,000 22,000 244,000
Repairs & Maintenance - - 800 - - 780 - - 4,300 - - - 5,880
Security 325 325 325 325 325 325 325 325 325 325 325 325 3,900
Subscriptions - - - - - 3,200 - - - - - - 3,200
Telephone & Fax 2,510 2,510 2,510 2,510 2,510 2,510 2,510 2,510 2,510 2,510 2,510 2,510 30,120
Training - - - - - - - 12,000 - - - - 12,000
Uniforms - - - - - - 2,530 - - - - - 2,530
Total Operating Expenses 35,235 33,985 40,085 112,085 54,585 59,305 39,375 90,845 77,145 43,604 36,845 41,045 664,139
Staff Costs
Salaries 70,000 70,000 70,000 70,000 70,000 70,000 70,000 70,000 70,000 70,000 70,000 70,000 840,000
Wages 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 360,000
Total Staff Costs 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 1,200,000
Depreciation 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 19,000 19,000 188,000
Amortization 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 12,000
Total Depreciation & Amortization 16,000 16,000 16,000 16,000 16,000 16,000 16,000 16,000 16,000 16,000 20,000 20,000 200,000
Profit / (Loss) before interest & tax 74,225 72,335 80,215 13,335 67,445 66,695 83,845 35,595 53,907 51,236 97,671 80,527 777,031
Interest Paid
Interest - Loans 1 10,250 10,201 10,151 10,101 10,050 9,999 9,948 9,896 9,843 9,791 9,737 9,684 119,650
Interest - Loans 2 3,854 3,827 3,799 3,772 3,744 4,487 4,453 4,419 4,384 4,350 4,315 4,280 49,684
Interest - Loans 3 - - - - - - - - - - 2,500 2,470 4,970
Interest - Leases 4,073 4,006 3,938 3,869 3,800 3,730 3,660 3,589 3,517 3,444 3,371 3,297 44,293
Total Interest Paid 18,177 18,033 17,888 17,742 17,594 18,216 18,060 17,903 17,745 17,585 19,923 19,730 218,597
Profit / (Loss) before tax 56,048 54,302 62,327 (4,407) 49,851 48,479 65,785 17,692 36,162 33,651 77,748 60,797 558,434
Taxation 15,693 15,204 17,452 (1,234) 13,958 13,574 18,420 4,954 10,125 9,422 21,769 17,023 156,362
Profit / (Loss) for the year 40,355 39,097 44,875 (3,173) 35,893 34,905 47,365 12,738 26,037 24,229 55,978 43,774 402,072
Dividends - - - - - - - - - - - - -
Retained earnings for the year 40,355 39,097 44,875 (3,173) 35,893 34,905 47,365 12,738 26,037 24,229 55,978 43,774 402,072
Profit / (Loss) % 9.8% 9.3% 10.3% -0.7% 8.1% 7.9% 11.0% 2.9% 5.8% 6.5% 12.0% 10.0% 7.7%
Page 22 of 64
Page 23 of 64
Forecast - Cash Flow Statement
Cash flows from operating activities
Profit / (Loss) for the year 40,355 39,097 44,875 (3,173) 35,893 34,905 47,365 12,738 26,037 24,229 55,978 43,774 402,072
Interest 18,177 18,033 17,888 17,742 17,594 18,216 18,060 17,903 17,745 17,585 19,923 19,730 218,597
Taxation 15,693 15,204 17,452 (1,234) 13,958 13,574 18,420 4,954 10,125 9,422 21,769 17,023 156,362
Adjustment for non-cash expenses:
On
On this
this sheet:
sheet:
Depreciation 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 19,000 19,000 188,000
Amortization 1,000
This
This section
section includes
1,000 includes a monthly cash
cash flow
1,000a monthly1,000 flow statement
statement
1,000
for
for aa 36
36 month
month period.
1,000 period. All
1,000All 1,000 1,000 1,000 1,000 1,000 12,000
Reserves -
the
the rows
rows with yellow highlighting in
- with yellow -highlighting in
column A require
- column A require
-
user
user input
input
-
and
and all
all other
other
- - - - - - -
Changes in operating assets & liabilities
rows
rows areare calculated
calculated automatically.
automatically. TheThe monthly
monthly reporting
reporting periods
periods are are
Inventory (9,652)
determined
determined
(18,728)
based on
on the
based4,638 the start
start date
date that
(8,538)
is
is specified
that 3,632 at
at the
specified 3,648 the top
top of
of the
1,720 the (1,197) (9,171) 44,783 (45,894) (4,220) (38,979)
Trade Receivables (10,798)
“Assumptions”
“Assumptions”
(21,893)
sheet.
sheet.
(1,663) (20,378) 14,072 (185) (3,153) 3,246 (20,688) 84,123 (84,488) (16,283) (78,089)
Loans & Advances - - - - - - (10,000) - 10,000 - - - -
Other Receivables - - - - - - - - - - - - -
Trade Payables 15,252 14,609 (97) 59,820 (46,413) (1,313) (13,967) 31,373 3,770 (57,783) 29,250 4,272 38,773
Sales Tax 12,459 28,175 (27,277) 19,325 (21,241) 27,329 (24,869) 22,664 (27,155) 25,010 (17,846) 30,004 46,580
Payroll Accruals - - - - - - - - - - - - -
Other Accruals (55,000) - - - - - - - - - - 60,000 5,000
Other Provisions (42,000) - - - - - - - - - - 30,000 (12,000)
Cash generated from operations 486 90,498 71,816 79,564 33,495 112,174 49,575 107,681 26,663 163,370 (1,307) 204,300 938,316
Interest paid (18,177) (18,033) (17,888) (17,742) (17,594) (18,216) (18,060) (17,903) (17,745) (17,585) (19,923) (19,730) (218,597)
Taxation paid - - - - - (74,648) - - - - - (81,714) (156,362)
Net cash from operating activities (17,691) 72,464 53,928 61,822 15,900 19,310 31,515 89,778 8,919 145,786 (21,230) 102,856 563,358
Cash flows from investing activities
Purchases of property, plant & equipment - - - - - - - - - - (240,000) - (240,000)
Purchases of intangible assets - - - - - - - - - - - - -
Purchases of investments - - - - - - - - - - - - -
Net cash used in investing activities - - - - - - - - - - (240,000) - (240,000)
Cash flows from financing activities
Proceeds from shareholders' contributions - - - - - - - - - - - - -
Dividends paid - - - - - - - - - - - - -
Proceeds from loans 1 - - - - - - - - - - - - -
Proceeds from loans 2 - - - - - 100,000 - - - - - - 100,000
Proceeds from loans 3 - - - - - - - - - - 240,000 - 240,000
Proceeds from finance leases - - - - - - - - - - - - -
Repayment of loans 1 (5,775) (5,824) (5,874) (5,924) (5,975) (6,026) (6,077) (6,129) (6,181) (6,234) (6,287) (6,341) (72,646)
Repayment of loans 3 - - - - - - - - - - (2,900) (2,930) (5,829)
Repayment of finance leases (7,015) (7,082) (7,150) (7,219) (7,288) (7,358) (7,428) (7,499) (7,571) (7,644) (7,717) (7,791) (88,761)
Net cash from financing activities (16,326) (16,469) (16,614) (16,761) (16,908) 82,235 (17,920) (18,078) (18,236) (18,396) 218,543 (21,650) 123,420
Increase / (Decrease) in cash equivalents (34,016) 55,995 37,314 45,061 (1,008) 101,545 13,595 71,700 (9,317) 127,390 (42,687) 81,207 446,778
Cash & cash equivalents at beginning of year 171,000 136,984 192,979 230,292 275,354 274,345 375,891 389,486 461,186 451,869 579,258 536,571 171,000
Cash & cash equivalents at end of year 136,984 192,979 230,292 275,354 274,345 375,891 389,486 461,186 451,869 579,258 536,571 617,778 617,778
Page 24 of 64
Product Sales 325,200 318,000 310,200 330,600 345,200 325,100 305,200 324,100 345,600 260,600 350,400 336,000 3,876,200
Total Turnover 461,200 456,500 447,200 466,200 478,700 466,120 450,500 468,900 490,100 389,500 498,500 475,100 5,548,520
Products 208,128 203,520 198,528 211,584 220,928 208,064 189,224 200,942 214,272 161,572 217,248 208,320 2,442,330
Services - - - - - - - - - - - - -
Products 117,072 114,480 111,672 119,016 124,272 117,036 115,976 123,158 131,328 99,028 133,152 127,680 1,433,870
Services 136,000 138,500 137,000 135,600 133,500 141,020 145,300 144,800 144,500 128,900 148,100 139,100 1,672,320
Products 36.0% 36.0% 36.0% 36.0% 36.0% 36.0% 38.0% 38.0% 38.0% 38.0% 38.0% 38.0% 37.0%
Services 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Gross Profit % 54.9% 55.4% 55.6% 54.6% 53.8% 55.4% 58.0% 57.1% 56.3% 58.5% 56.4% 56.2% 56.0%
Other Income 600 600 600 600 600 600 600 600 600 600 600 600 7,200
Operating Expenses
Accounting Fees 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 24,000
Bank Charges 500 500 500 500 500 500 500 500 500 500 500 500 6,000
Cleaning Expenses 920 920 920 920 920 920 920 920 945 945 945 945 11,140
Computer Expenses - - - - - 1,285 - - - 890 - - 2,175
Consumables 543 - - 875 567 357 - 5,778 - - - 644 8,764
Entertainment - - - - - - - 22,000 - - - - 22,000
Equipment Hire - - - - - - - - - - 33,000 - 33,000
Insurance 2,300 2,300 2,300 2,300 2,300 2,300 3,200 3,200 3,200 3,200 3,200 3,200 33,000
Legal Fees - - - - - - - - - 12,340 - - 12,340
Motor Vehicle Expenses - - - 12,300 - - - - - - - - 12,300
Postage 140 140 140 140 140 140 140 140 140 140 140 140 1,680
Professional Fees - 7,510 - - - - - - - - - - 7,510
Rent 22,000 22,000 22,000 22,000 22,000 22,000 22,000 22,000 22,000 22,000 24,200 24,200 268,400
Repairs & Maintenance - - - 2,100 - - - - - 2,320 - - 4,420
Security 378 378 378 378 378 378 378 378 378 378 378 378 4,536
Subscriptions - - - - - 3,670 - - - - - - 3,670
Telephone & Fax 3,420 3,420 3,420 3,420 3,420 3,420 3,420 3,420 3,420 3,420 3,420 3,420 41,040
Training - - - - - - - - 8,520 - - - 8,520
Uniforms - - - - 900 - - - - - - - 900
Staff Costs
Salaries 75,000 75,000 75,000 75,000 75,000 75,000 75,000 75,000 75,000 75,000 75,000 75,000 900,000
Wages 35,000 35,000 35,000 35,000 35,000 35,000 35,000 35,000 35,000 35,000 35,000 35,000 420,000
Depreciation 19,000 19,000 19,000 19,000 19,000 24,000 24,000 24,000 24,000 24,000 24,000 24,000 263,000
Amortization 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 12,000
Profit / (Loss) before interest & tax 83,351 59,292 79,494 70,163 87,127 44,566 86,198 65,102 91,705 (5,225) 70,449 88,333 820,555
Interest Paid
Interest - Loans 1 9,629 9,575 9,520 9,464 9,408 9,352 9,295 9,237 9,179 9,121 9,062 9,002 111,844
Interest - Loans 2 4,245 4,209 4,173 4,137 4,100 4,064 4,027 3,989 3,952 3,914 3,876 3,837 48,522
Interest - Loans 3 2,439 2,408 2,377 2,346 2,314 5,407 5,337 5,266 5,194 5,122 5,048 4,974 48,232
Interest - Leases 3,222 3,147 3,071 2,994 2,916 2,838 2,759 2,679 2,599 2,517 2,435 2,352 33,530
Profit / (Loss) before tax 63,815 39,953 60,353 51,222 68,388 22,906 64,781 43,931 70,781 (25,898) 50,028 68,167 578,427
Taxation 17,868 11,187 16,899 14,342 19,149 6,414 18,139 12,301 19,819 (7,252) 14,008 19,087 161,960
Profit / (Loss) for the year 45,947 28,766 43,454 36,880 49,239 16,492 46,642 31,630 50,963 (18,647) 36,020 49,080 416,467
Dividends - - - - - - - - - - - - -
Retained earnings for the year 45,947 28,766 43,454 36,880 49,239 16,492 46,642 31,630 50,963 (18,647) 36,020 49,080 416,467
Profit / (Loss) % 10.0% 6.3% 9.7% 7.9% 10.3% 3.5% 10.4% 6.7% 10.4% -4.8% 7.2% 10.3% 7.5%
Page 25 of 64
Page 26 of 64
Profit / (Loss) for the year 45,947 28,766 43,454 36,880 49,239 16,492 46,642 31,630 50,963 (18,647) 36,020 49,080 416,467
Interest 19,536 19,339 19,141 18,941 18,739 21,660 21,417 21,171 20,924 20,673 20,421 20,166 242,128
Taxation 17,868 11,187 16,899 14,342 19,149 6,414 18,139 12,301 19,819 (7,252) 14,008 19,087 161,960
Depreciation 19,000 19,000 19,000 19,000 19,000 24,000 24,000 24,000 24,000 24,000 24,000 24,000 263,000
Amortization 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 12,000
Reserves - - - - - - - - - - - - -
Inventory 7,564 (2,106) 11,396 (19,460) (2,217) 12,449 12,128 (5,236) (19,812) 57,912 (53,880) (12,096) (13,357)
Trade Receivables 20,363 (9,753) 22,737 (32,033) 2,819 11,667 560 (3,138) (34,812) 108,449 (101,089) (25,507) (39,737)
Loans & Advances - - - - - - - (20,000) - - - - (20,000)
Other Receivables - - - - - (7,000) - - - - - - (7,000)
Trade Payables (6,033) 20,683 (27,805) 15,197 2,090 15,014 (34,247) 3,737 21,999 (10,892) 25,475 (13,656) 11,562
Sales Tax (30,667) 28,304 (28,882) 29,934 (28,790) 26,845 (26,234) 29,925 (29,099) 19,376 (22,565) 33,410 1,558
Payroll Accruals 2,000 - - - - - - - - - - - 2,000
Other Accruals (60,000) - - - - - - - - - - 66,000 6,000
Other Provisions (30,000) - - - - - - - - - - 21,000 (9,000)
Cash generated from operations 6,579 116,420 76,940 83,801 81,030 128,541 63,405 95,390 54,980 194,621 (56,609) 182,483 1,027,580
Interest paid (19,536) (19,339) (19,141) (18,941) (18,739) (21,660) (21,417) (21,171) (20,924) (20,673) (20,421) (20,166) (242,128)
Taxation paid - - - - - (85,858) - - - - - (76,101) (161,960)
Net cash from operating activities (12,956) 97,080 57,799 64,860 62,291 21,022 41,988 74,219 34,057 173,947 (77,030) 86,216 623,493
Purchases of property, plant & equipment - - - - - (300,000) - - - - - - (300,000)
Purchases of investments - - - - - - - (400,000) - - - - (400,000)
Net cash used in investing activities - - - - - (300,000) - (400,000) - - - - (700,000)
Dividends paid - - - - - - - - - - - - -
Net cash from financing activities (21,844) (22,041) (22,239) (22,439) (22,641) 273,531 (26,713) (26,958) (27,206) (27,456) (27,709) (27,964) (1,679)
Increase / (Decrease) in cash equivalents (34,801) 75,039 35,559 42,421 39,650 (5,447) 15,275 (352,739) 6,851 146,491 (104,739) 58,253 (78,187)
Cash & cash equivalents at beginning of year 617,778 582,977 658,016 693,576 735,997 775,646 770,199 785,474 432,735 439,586 586,077 481,338 617,778
Cash & cash equivalents at end of year 582,977 658,016 693,576 735,997 775,646 770,199 785,474 432,735 439,586 586,077 481,338 539,591 539,591
Page 27 of 64
Product Sales 342,600 360,500 356,400 370,000 366,900 382,100 380,900 375,800 389,500 310,000 390,100 375,400 4,400,200
Total Turnover 482,800 505,500 504,000 514,200 516,800 527,400 522,400 525,600 540,520 446,400 538,500 519,650 6,143,770
Products 205,560 216,300 213,840 222,000 220,140 229,260 228,540 225,480 233,700 186,000 234,060 225,240 2,640,120
Services - - - - - - - - - - - - -
Products 137,040 144,200 142,560 148,000 146,760 152,840 152,360 150,320 155,800 124,000 156,040 150,160 1,760,080
Services 140,200 145,000 147,600 144,200 149,900 145,300 141,500 149,800 151,020 136,400 148,400 144,250 1,743,570
Products 40.0% 40.0% 40.0% 40.0% 40.0% 40.0% 40.0% 40.0% 40.0% 40.0% 40.0% 40.0% 40.0%
Services 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Gross Profit % 57.4% 57.2% 57.6% 56.8% 57.4% 56.5% 56.3% 57.1% 56.8% 58.3% 56.5% 56.7% 57.0%
Other Income 650 650 650 650 650 650 650 650 650 650 650 650 7,800
Operating Expenses
Accounting Fees 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 24,000
Bank Charges 730 730 730 730 730 730 730 730 730 730 730 730 8,760
Cleaning Expenses 1,034 1,034 1,034 1,034 1,034 1,034 2,080 2,080 2,080 2,080 2,080 2,080 18,684
Computer Expenses - - 854 - - - - 1,070 - - - - 1,924
Consumables 1,250 655 3,556 - - 764 755 976 - - 455 987 9,398
Entertainment - - - - - - 29,000 - - - - - 29,000
Equipment Hire - - - - 29,000 - - - - - - - 29,000
Insurance 5,100 5,100 5,100 5,100 5,100 5,100 5,100 6,200 6,200 6,200 6,200 6,200 66,700
Legal Fees - - - 23,100 - - - - - - - - 23,100
Motor Vehicle Expenses - - - - 8,120 - - - - - - - 8,120
Postage 160 160 160 160 160 160 160 160 160 160 160 160 1,920
Professional Fees - 2,300 - - - - - - 3,900 - - - 6,200
Rent 24,200 24,200 24,200 24,200 24,200 24,200 24,200 24,200 24,200 24,200 26,500 26,500 295,000
Repairs & Maintenance - 1,900 - - - 7,200 - - - - - - 9,100
Security 421 421 421 421 421 421 421 421 421 421 421 421 5,052
Subscriptions - - - - - 4,020 - - - - - - 4,020
Telephone & Fax 3,890 3,890 3,890 3,890 3,890 3,890 3,890 3,890 3,890 3,890 3,890 3,890 46,680
Training - - 7,400 - - - - - - - - - 7,400
Uniforms - - - 710 - - - - - - - - 710
Staff Costs
Salaries 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 960,000
Wages 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 480,000
Depreciation 24,000 27,000 27,000 27,000 27,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 307,000
Amortization 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 12,000
Profit / (Loss) before interest & tax 84,695 41,050 84,055 74,095 5,245 90,861 67,764 100,333 81,179 52,659 93,944 83,382 859,262
Interest Paid
Interest - Loans 1 8,942 8,882 8,821 8,759 8,697 8,635 8,571 8,508 8,444 8,379 8,314 8,248 103,199
Interest - Loans 2 3,798 3,759 3,720 3,680 3,640 3,600 3,559 3,518 3,477 3,436 3,394 3,352 42,934
Interest - Loans 3 4,900 6,699 6,600 6,500 6,399 6,297 6,194 6,090 5,984 5,878 5,771 5,662 72,974
Interest - Leases 2,269 2,184 2,099 2,013 1,926 1,838 1,749 1,660 1,569 1,478 1,386 1,293 21,462
Profit / (Loss) before tax 64,786 19,526 62,815 53,143 (15,417) 70,492 47,690 80,557 61,705 33,488 75,080 64,828 618,694
Taxation 18,140 5,467 17,588 14,880 (4,317) 19,738 13,353 22,556 17,277 9,377 21,022 18,152 173,234
Profit / (Loss) for the year 46,646 14,059 45,227 38,263 (11,100) 50,754 34,337 58,001 44,427 24,112 54,058 46,676 445,460
Dividends - - - - - - - - - - - - -
Retained earnings for the year 46,646 14,059 45,227 38,263 (11,100) 50,754 34,337 58,001 44,427 24,112 54,058 46,676 445,460
Profit / (Loss) % 9.7% 2.8% 9.0% 7.4% -2.1% 9.6% 6.6% 11.0% 8.2% 5.4% 10.0% 9.0% 7.3%
Page 28 of 64
Page 29 of 64
Profit / (Loss) for the year 46,646 14,059 45,227 38,263 (11,100) 50,754 34,337 58,001 44,427 24,112 54,058 46,676 445,460
Interest 19,909 21,524 21,240 20,952 20,662 20,369 20,074 19,776 19,474 19,171 18,864 18,554 240,568
Taxation 18,140 5,467 17,588 14,880 (4,317) 19,738 13,353 22,556 17,277 9,377 21,022 18,152 173,234
Depreciation 24,000 27,000 27,000 27,000 27,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 307,000
Amortization 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 12,000
Reserves - - - - - - - - - - - - -
Inventory 23,407 (17,371) 9,358 (15,058) 8,961 (8,826) (6,675) 10,334 (15,494) 53,700 (46,510) (13,831) (18,005)
Trade Receivables 40,068 (36,679) 17,018 (25,356) 13,485 (9,831) (11,512) 13,182 (30,547) 103,998 (85,415) (34,154) (45,743)
Loans & Advances - - - - - - - - - - - - -
Trade Payables (18,978) 52,943 (41,309) 24,603 40,613 (57,040) 5,487 (8,291) 33,637 (55,510) 35,657 13,342 25,155
Sales Tax (29,781) 28,260 (27,906) 33,217 (45,038) 35,432 (26,354) 36,852 (34,840) 29,701 (27,787) 34,310 6,067
Other Accruals (66,000) - - - - - - - - - - 50,000 (16,000)
Other Provisions (21,000) - - - - - - - - - - 40,000 19,000
Cash generated from operations 39,411 96,202 69,216 119,501 51,265 76,596 54,709 178,409 59,936 210,549 (4,110) 199,049 1,150,735
Interest paid (19,909) (21,524) (21,240) (20,952) (20,662) (20,369) (20,074) (19,776) (19,474) (19,171) (18,864) (18,554) (240,568)
Taxation paid - - - - - (71,497) - - - - - (101,738) (173,234)
Net cash from operating activities 19,503 74,678 47,977 98,549 30,603 (15,270) 34,635 158,634 40,461 191,379 (22,974) 78,757 736,933
Purchases of property, plant & equipment - (180,000) - - - - - - - - - - (180,000)
Purchases of investments - (600,000) - - - - - - - - - - (600,000)
Net cash used in investing activities - (780,000) - - - - - - - - - - (780,000)
Dividends paid - - - - - - - - - - - - -
Proceeds from loans 3 - 180,000 - - - - - - - - - - 180,000
Net cash from financing activities (28,221) 149,345 (30,940) (31,227) (31,517) (31,810) (32,105) (32,404) (32,705) (33,009) (33,315) (33,625) (201,532)
Increase / (Decrease) in cash equivalents (8,718) (555,977) 17,037 67,322 (914) (47,080) 2,530 126,230 7,757 158,370 (56,289) 45,132 (244,599)
Cash & cash equivalents at beginning of year 539,591 530,873 (25,104) (8,067) 59,255 58,342 11,262 13,792 140,022 147,779 306,149 249,860 539,591
Cash & cash equivalents at end of year 530,873 (25,104) (8,067) 59,255 58,342 11,262 13,792 140,022 147,779 306,149 249,860 294,992 294,992
Page 30 of 64
Actual Results - Income Statement
Product Sales 345,576 308,862 365,904 356,013 343,906 330,770 315,590 338,492 329,019 293,436 345,477 329,006 4,002,051
Total Turnover 494,076 440,422 512,336 492,501 475,224 477,070 467,170 487,372 474,219 425,832 505,857 470,439 5,722,518
Products 225,316 198,290 239,667 233,544 224,227 215,001 200,715 214,942 206,953 182,224 219,378 204,312 2,564,569
Services - - - - - - - - - - - - -
Products 120,260 110,573 126,237 122,468 119,679 115,770 114,875 123,550 122,066 111,212 126,099 124,693 1,437,482
On
On this
this sheet:
sheet:
Services 148,500 131,560 146,432 136,488 131,318 146,300 151,580 148,880 145,200 132,396 160,380 141,434 1,720,467
This section
section includes
This242,133 includes the monthly income statement
statement for actual
actual results. All
All the
the rows with
Total Gross Profit 268,760 272,669the monthly258,956income 250,997 for262,070 results.
266,455 rows with
272,429 267,266 243,608 286,479 266,127 3,157,949
yellow highlighting
yellow35.8% in
in column
highlighting34.5% column A require
require user
A34.4% input
user34.8%input and
and all
all the
the other
other rows
rows are calculated
Products 34.8% 35.0% 36.4%are calculated
36.5% 37.1% 37.9% 36.5% 37.9% 35.9%
automatically.
automatically. Actual
Actual results
results should
should be
be copied
copied or
or entered
entered onto
onto this
this sheet
sheet at
at the
the end
end ofof each
each
Services 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
month in
in order
month55.0% order to
to compare
compare actual
actual results
results to
to the
the cash
cash flow
flow forecast.
forecast. Note that
that we
Note57.0% we have only
have55.9%
only
Gross Profit % 54.4% 53.2% 52.6% 52.8% 54.9% 56.4% 57.2% 56.6% 56.6% 55.2%
included
included actual
actual results
results for
for the
the first 12
12 months
first500 months in this
in500this version
version500but
but you
you will
will be
be able
able to
to use the
use500the
Other Income 500 500 500 500 500 500 500 500 6,000
entire
entire 36
36 month
month period
period inin the
the full
full version
version of
of the
the template.
template.
Operating Expenses
Accounting Fees 1,950 1,950 1,950 1,950 1,950 1,950 1,950 1,950 1,950 1,950 1,950 1,950 23,400
Bank Charges 180 180 180 180 180 180 180 180 180 180 180 180 2,160
Cleaning Expenses - - 1,500 - - - - 3,100 - - 3,450 - 8,050
Computer Expenses - - - 5,200 - - - - - 3,860 - - 9,060
Consumables 80 - - - 1,239 89 120 - 109 900 - - 2,537
Entertainment - - - - - - - 13,420 - - - - 13,420
Equipment Hire - - 900 - 13,500 - - - - - - - 14,400
Insurance 1,950 1,950 1,950 1,950 1,950 1,950 2,500 2,500 2,500 2,500 2,500 2,500 26,700
Legal Fees - - - 63,540 - - - - - - - - 63,540
Motor Vehicle Expenses - - - - - - - - 2,102 - - - 2,102
Postage - - - 1,200 - - - - - - - - 1,200
Printing & Stationery - - - 1,820 - - - - - - - 1,211 3,031
Professional Fees - - - - - - - 28,200 - - - - 28,200
Rent 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 240,000
Repairs & Maintenance - - 800 - - 710 - 3,100 2,900 - - - 7,510
Security 389 389 389 389 389 389 389 389 389 389 389 389 4,668
Subscriptions - - - - - 3,200 - - - - - - 3,200
Telephone & Fax 2,509 2,652 2,701 2,390 2,457 2,489 2,490 2,432 2,673 2,561 2,543 2,539 30,436
Training - - - - - - - 11,200 - - - - 11,200
Uniforms - - - - - - 2,536 - - - - - 2,536
Staff Costs
Salaries 70,000 70,000 70,000 70,000 70,000 70,000 70,000 70,000 70,000 70,000 70,000 70,000 840,000
Wages 27,250 27,250 27,250 27,250 27,250 27,250 27,250 27,250 27,250 27,250 27,250 27,250 327,000
Depreciation 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 19,000 184,000
Amortization 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 12,000
Profit / (Loss) before interest & tax 124,062 96,672 119,159 38,877 91,894 98,243 118,870 68,538 83,293 85,098 138,097 115,208 1,178,011
Interest Paid
Interest - Loans 1 11,250 11,199 11,147 11,095 11,043 10,990 10,936 10,882 10,828 10,773 10,717 10,661 131,520
Interest - Loans 2 4,271 4,242 4,213 4,183 4,154 4,124 4,094 4,063 4,033 4,002 4,825 4,787 50,990
Interest - Loans 3 - - - - - - - - - - - 2,756 2,756
Interest - Leases 4,427 4,356 4,283 4,210 4,136 4,062 3,986 3,910 3,833 3,756 3,677 3,598 48,234
Profit / (Loss) before tax 104,115 76,875 99,516 19,389 72,562 79,067 99,853 49,682 64,599 66,568 118,878 93,405 944,510
Taxation 29,012 21,385 27,724 5,289 20,177 21,999 27,819 13,771 17,948 18,499 33,146 26,014 262,783
Profit / (Loss) for the year 75,102 55,490 71,791 14,100 52,384 57,068 72,035 35,911 46,652 48,069 85,732 67,392 681,727
Dividends - - - - - - - - - - - 68,172 68,172
Retained earnings for the year 75,102 55,490 71,791 14,100 52,384 57,068 72,035 35,911 46,652 48,069 85,732 (780) 613,555
Profit / (Loss) % 15.2% 12.6% 14.0% 2.9% 11.0% 12.0% 15.4% 7.4% 9.8% 11.3% 16.9% 14.3% 11.9%
Page 31 of 64
Page 32 of 64
Actual Results - Cash Flow Statement
Profit / (Loss) for the year 75,102 55,490 71,791 14,100 52,384 57,068 72,035 35,911 46,652 48,069 85,732 67,392 681,727
Interest 19,948 19,796 19,643 19,489 19,333 19,175 19,016 18,856 18,694 18,530 19,219 21,802 233,501
Taxation 29,012 21,385 27,724 5,289 20,177 21,999 27,819 13,771 17,948 18,499 33,146 26,014 262,783
Depreciation 15,000 15,000 15,000 On
On this
15,000 this sheet:
15,000
sheet: 15,000 15,000 15,000 15,000 15,000 15,000 19,000 184,000
Amortization 1,000 This
This section
section
1,000 includes
includes the
the monthly
1,000 monthly cash
cash flow
1,000 flow statement
statement
1,000 for
for actual
1,000 results.
actual All
All the
results.1,000 the 1,000 1,000 1,000 1,000 1,000 12,000
Reserves - calculations
calculations
- on
on the
the cash
cash
- flow
flow statement
statement
- are
are automated
automated
- and
and calculated
calculated
- from
from- the
the - - - - 10,000 10,000
Changes in operating assets & liabilities balance
balance sheet for actual results except for the loan proceeds which need to be
sheet for actual results except for the loan proceeds which need to be
Inventory 14,000 entered in
(24,000)the rows that
15,000 are highlighted
(6,200) in yellow in
16,200 column
entered in the rows that are highlighted in yellow in column A. A.
(10,000) (13,000) 26,000 (18,000) - (5,000) 15,000 10,000
Trade Receivables 79,700 (15,700) (9,000) (4,000) 17,998 (7,698) (32,190) 38,918 (23,015) (1,000) (3,119) 29,406 70,300
Loans & Advances - - - - - 25,000 - - - - - - 25,000
Other Receivables - - - - 3,000 - - - - - - - 3,000
Trade Payables (6,535) (3,568) 15,904 50,847 (56,769) 33,387 (21,163) 28,236 (15,911) (52,989) 54,838 (21,258) 5,019
Sales Tax 35,128 (22,952) 35,111 (46,859) 18,649 (2,280) 24,436 (34,567) 37,430 (30,082) 18,936 (21,944) 11,004
Other Accruals (55,000) - - - - - - - - - - 75,000 20,000
Other Provisions (42,000) - - - - - - - - - - 57,500 15,500
Cash generated from operations 170,355 46,451 192,173 48,665 106,973 152,651 92,952 143,125 79,797 17,028 219,752 278,912 1,548,833
Interest paid (19,948) (19,796) (19,643) (19,489) (19,333) (19,175) (19,016) (18,856) (18,694) (18,530) (19,219) (21,802) (233,501)
Taxation paid - - - 0 - (125,586) - - - - - (137,197) (262,783)
Net cash from operating activities 150,407 26,655 172,530 29,176 87,640 7,889 73,936 124,269 61,104 (1,502) 200,533 119,913 1,052,550
Purchases of property, plant & equipment - - - - - - - - - - - (245,000) (245,000)
Net cash used in investing activities - - - - - - - - - - - (245,000) (245,000)
Dividends paid - - - - - - - - - - - - -
Proceeds from loans 2 - - - - - - - - - - 100,000 - 100,000
Proceeds from loans 3 - - - - - - - - - - - 245,000 245,000
Repayment of loans 3 - - - - - - - - - - - (2,881) (2,881)
Net cash from financing activities (15,702) (15,854) (16,007) (16,161) (16,317) (16,475) (16,634) (16,794) (16,957) (17,120) 82,038 223,984 142,000
Increase / (Decrease) in cash equivalents 134,704 10,801 156,523 13,015 71,322 (8,585) 57,302 107,475 44,147 (18,622) 282,571 98,897 949,550
Cash & cash equivalents at beginning of year 171,000 305,704 316,505 473,028 486,043 557,366 548,780 606,083 713,557 757,704 739,082 1,021,653 171,000
Cash & cash equivalents at end of year 305,704 316,505 473,028 486,043 557,366 548,780 606,083 713,557 757,704 739,082 1,021,653 1,120,550 1,120,550
Page 33 of 64
Product Sales - - - - - - - - - - - - -
Income From Services - - - - - - - - - - - - -
Total Turnover - - - - - - - - - - - - -
Products - - - - - - - - - - - - -
Services - - - - - - - - - - - - -
Total Cost of Sales - - - - - - - - - - - - -
Products - - - - - - - - - - - - -
Services - - - - - - - - - - - - -
Total Gross Profit - - - - - - - - - - - - -
Products 38.0% 38.0% 38.0% 38.0% 38.0% 38.0% 38.0% 38.0% 38.0% 38.0% 38.0% 38.0% 0.0%
Services 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 0.0%
Gross Profit % 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Other Income - - - - - - - - - - - - -
Operating Expenses
Accounting Fees - - - - - - - - - - - - -
Advertising & Marketing - - - - - - - - - - - - -
Bank Charges - - - - - - - - - - - - -
Cleaning Expenses - - - - - - - - - - - - -
Computer Expenses - - - - - - - - - - - - -
Consumables - - - - - - - - - - - - -
Electricity & Water - - - - - - - - - - - - -
Entertainment - - - - - - - - - - - - -
Equipment Hire - - - - - - - - - - - - -
Insurance - - - - - - - - - - - - -
Legal Fees - - - - - - - - - - - - -
Motor Vehicle Expenses - - - - - - - - - - - - -
Postage - - - - - - - - - - - - -
Printing & Stationery - - - - - - - - - - - - -
Professional Fees - - - - - - - - - - - - -
Rent - - - - - - - - - - - - -
Repairs & Maintenance - - - - - - - - - - - - -
Security - - - - - - - - - - - - -
Subscriptions - - - - - - - - - - - - -
Telephone & Fax - - - - - - - - - - - - -
Training - - - - - - - - - - - - -
Uniforms - - - - - - - - - - - - -
Total Operating Expenses - - - - - - - - - - - - -
Staff Costs
Salaries - - - - - - - - - - - - -
Wages - - - - - - - - - - - - -
Total Staff Costs - - - - - - - - - - - - -
Depreciation - - - - - - - - - - - - -
Amortization - - - - - - - - - - - - -
Total Depreciation & Amortization - - - - - - - - - - - - -
Profit / (Loss) before interest & tax - - - - - - - - - - - - -
Interest Paid
Interest - Loans 1 - - - - - - - - - - - - -
Interest - Loans 2 - - - - - - - - - - - - -
Interest - Loans 3 - - - - - - - - - - - - -
Interest - Leases - - - - - - - - - - - - -
Total Interest Paid - - - - - - - - - - - - -
Profit / (Loss) before tax - - - - - - - - - - - - -
Taxation - - - - - - - - - - - - -
Profit / (Loss) for the year - - - - - - - - - - - - -
Dividends - - - - - - - - - - - - -
Retained earnings for the year - - - - - - - - - - - - -
Profit / (Loss) % 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Page 34 of 64
Page 35 of 64
Interest - - - - - - - - - - - - -
Taxation - - - - - - - - - - - - -
Depreciation - - - - - - - - - - - - -
Amortization - - - - - - - - - - - - -
Reserves (10,000) - - - - - - - - - - - (10,000)
Inventory 160,000 - - - - - - - - - - - 160,000
Trade Receivables 299,700 - - - - - - - - - - - 299,700
Loans & Advances 30,000 - - - - - - - - - - - 30,000
Other Receivables 50,000 - - - - - - - - - - - 50,000
Trade Payables (135,019) - - - - - - - - - - - (135,019)
Sales Tax (27,004) - - - - - - - - - - - (27,004)
Payroll Accruals (25,000) - - - - - - - - - - - (25,000)
Other Accruals (75,000) - - - - - - - - - - - (75,000)
Other Provisions (57,500) - - - - - - - - - - - (57,500)
Cash generated from operations 210,178 - - - - - - - - - - - 210,178
Interest paid - - - - - - - - - - - - -
Taxation paid - - - - - - - - - - - - -
Net cash from operating activities 210,178 - - - - - - - - - - - 210,178
Purchases of property, plant & equipment 1,111,000 - - - - - - - - - - - 1,111,000
Purchases of intangible assets 108,000 - - - - - - - - - - - 108,000
Purchases of investments 800,000 - - - - - - - - - - - 800,000
Net cash used in investing activities 2,019,000 - - - - - - - - - - - 2,019,000
Proceeds from shareholders' contributions (1,000) - - - - - - - - - - - (1,000)
Dividends paid (68,172) - - - - - - - - - - - (68,172)
Repayment of loans 1 (1,131,117) - - - - - - - - - - - (1,131,117)
Repayment of loans 2 (556,088) - - - - - - - - - - - (556,088)
Repayment of loans 3 (242,119) - - - - (300,000) - - - - - - (542,119)
Repayment of finance leases (337,676) - - - - - - - - - - - (337,676)
Net cash from financing activities (2,336,172) - - - - - - - - - - - (2,336,172)
Increase / (Decrease) in cash equivalents (106,994) - - - - - - - - - - - (106,994)
Cash & cash equivalents at beginning of year 1,120,550 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,120,550
Cash & cash equivalents at end of year 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555
Page 36 of 64
Product Sales - - - - - - - - - - - - -
Income From Services - - - - - - - - - - - - -
Total Turnover - - - - - - - - - - - - -
Products - - - - - - - - - - - - -
Services - - - - - - - - - - - - -
Total Cost of Sales - - - - - - - - - - - - -
Products - - - - - - - - - - - - -
Services - - - - - - - - - - - - -
Total Gross Profit - - - - - - - - - - - - -
Products 38.0% 38.0% 38.0% 38.0% 38.0% 38.0% 38.0% 38.0% 38.0% 38.0% 38.0% 38.0% 0.0%
Services 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 0.0%
Gross Profit % 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Other Income - - - - - - - - - - - - -
Operating Expenses
Accounting Fees - - - - - - - - - - - - -
Advertising & Marketing - - - - - - - - - - - - -
Bank Charges - - - - - - - - - - - - -
Cleaning Expenses - - - - - - - - - - - - -
Computer Expenses - - - - - - - - - - - - -
Consumables - - - - - - - - - - - - -
Electricity & Water - - - - - - - - - - - - -
Entertainment - - - - - - - - - - - - -
Equipment Hire - - - - - - - - - - - - -
Insurance - - - - - - - - - - - - -
Legal Fees - - - - - - - - - - - - -
Motor Vehicle Expenses - - - - - - - - - - - - -
Postage - - - - - - - - - - - - -
Printing & Stationery - - - - - - - - - - - - -
Professional Fees - - - - - - - - - - - - -
Rent - - - - - - - - - - - - -
Repairs & Maintenance - - - - - - - - - - - - -
Security - - - - - - - - - - - - -
Subscriptions - - - - - - - - - - - - -
Telephone & Fax - - - - - - - - - - - - -
Training - - - - - - - - - - - - -
Uniforms - - - - - - - - - - - - -
Total Operating Expenses - - - - - - - - - - - - -
Staff Costs
Salaries - - - - - - - - - - - - -
Wages - - - - - - - - - - - - -
Total Staff Costs - - - - - - - - - - - - -
Depreciation - - - - - - - - - - - - -
Amortization - - - - - - - - - - - - -
Total Depreciation & Amortization - - - - - - - - - - - - -
Profit / (Loss) before interest & tax - - - - - - - - - - - - -
Interest Paid
Interest - Loans 1 - - - - - - - - - - - - -
Interest - Loans 2 - - - - - - - - - - - - -
Interest - Loans 3 - - - - - - - - - - - - -
Interest - Leases - - - - - - - - - - - - -
Total Interest Paid - - - - - - - - - - - - -
Profit / (Loss) before tax - - - - - - - - - - - - -
Taxation - - - - - - - - - - - - -
Dividends - - - - - - - - - - - - -
Retained earnings for the year - - - - - - - - - - - - -
Profit / (Loss) % 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Page 37 of 64
Page 38 of 64
Interest - - - - - - - - - - - - -
Taxation - - - - - - - - - - - - -
Depreciation - - - - - - - - - - - - -
Amortization - - - - - - - - - - - - -
Reserves - - - - - - - - - - - - -
Inventory - - - - - - - - - - - - -
Trade Receivables - - - - - - - - - - - - -
Loans & Advances - - - - - - - - - - - - -
Trade Payables - - - - - - - - - - - - -
Sales Tax - - - - - - - - - - - - -
Other Accruals - - - - - - - - - - - - -
Other Provisions - - - - - - - - - - - - -
Cash generated from operations - - - - - - - - - - - - -
Interest paid - - - - - - - - - - - - -
Taxation paid - - - - - - - - - - - - -
Net cash from operating activities - - - - - - - - - - - - -
Purchases of property, plant & equipment - - - - - - - - - - - - -
Net cash used in investing activities - - - - - - - - - - - - -
Dividends paid - - - - - - - - - - - - -
Repayment of loans 1 - - - - - - - - - - - - -
Repayment of loans 2 - - - - - - - - - - - - -
Repayment of loans 3 - - - - - (200,000) - - - - - - (200,000)
Repayment of finance leases - - - - - - - - - - - - -
Net cash from financing activities - - - - - - - - - - - - -
Increase / (Decrease) in cash equivalents - - - - - - - - - - - - -
Cash & cash equivalents at beginning of year 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555
Cash & cash equivalents at end of year 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555
Page 39 of 64
Forecast - Balance Sheet
Feb-2020 Mar-2020 Apr-2020 May-2020 Jun-2020 Jul-2020 Aug-2020 Sep-2020 Oct-2020 Nov-2020 Dec-2020 Jan-2021 Feb-2021 Year-2021
ASSETS
Non-Current Assets
Property, Plant & Equipment 1,050,000 1,035,000 1,020,000 1,005,000 990,000 975,000 960,000 945,000 930,000 915,000 900,000 1,121,000 1,102,000 1,102,000
Intangible Assets 120,000 119,000 118,000 117,000 116,000 115,000 114,000 113,000 112,000 111,000 110,000 109,000 108,000 108,000
Investments 800,000 800,000 800,000 800,000 800,000 800,000 800,000 800,000 800,000 800,000 800,000 800,000 800,000 800,000
1,970,000 1,954,000 1,938,000 1,922,000 1,906,000 1,890,000 1,874,000 1,858,000 1,842,000 1,826,000 1,810,000 2,030,000 2,010,000 2,010,000
Current Assets
Inventory 170,000 179,652 198,380 193,742 202,280 198,648 195,000 193,280 194,477 203,648 158,865 204,759 208,979 208,979
On
On this
this sheet:
sheet:
Trade Receivables 370,000 380,798 402,692 404,355 424,733 410,661 410,847 414,000 410,754 431,442 347,319 431,806 448,089 448,089
This
This section
section contains
contains aa monthly forecast
forecast balance
monthly55,000 balance sheet for aa 36
36 month
Loans & Advances 55,000 55,000 55,000 55,000sheet for55,000 month 55,000 65,000 65,000 55,000 55,000 55,000 55,000 55,000
period.
period. All
All the
the calculations
calculations on
on the
the forecast
forecast balance
balance sheet
sheet are
are automated
automated and
and 53,000
Other Receivables 53,000 53,000 53,000 53,000 53,000 53,000 53,000 53,000 53,000 53,000 53,000 53,000 53,000
no
no user
user input
input is
is required.
required. The
The entire
entire balance
balance sheet
sheet is
is calculated
calculated based
based on
on the
the375,891
Cash & Cash Equivalents 171,000 136,984 192,979 230,292 275,354 274,345 389,486 461,186 451,869 579,258 536,571 617,778 617,778
values
values on
on the
the monthly
monthly income
income statement
statement andand cash
cash flow
flow statement
statement on
on the
the
819,000 805,434 902,050 936,389 1,010,367 991,655 1,089,738 1,114,766 1,184,417 1,194,958 1,193,441 1,281,137 1,382,846 1,382,846
“Forecast”
“Forecast” sheet.
sheet.
Total Assets 2,789,000 2,759,434 2,840,050 2,858,389 2,916,367 2,881,655 2,963,738 2,972,766 3,026,417 3,020,958 3,003,441 3,311,137 3,392,846 3,392,846
EQUITY & LIABILITIES
Equity
Shareholders' Contributions 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000
Reserves - - - - - - - - - - - - - -
Retained Earnings 400,000 440,355 479,452 524,327 521,154 557,047 591,952 639,317 652,055 678,092 702,321 758,299 802,072 802,072
401,000 441,355 480,452 525,327 522,154 558,047 592,952 640,317 653,055 679,092 703,321 759,299 803,072 803,072
Non-Current Liabilities
Long Term Loans 1 1,200,000 1,194,225 1,188,401 1,182,528 1,176,604 1,170,629 1,164,604 1,158,527 1,152,398 1,146,216 1,139,982 1,133,695 1,127,354 1,127,354
Long Term Loans 2 500,000 496,464 492,901 489,310 485,692 482,046 577,664 573,249 568,799 564,316 559,798 555,245 550,656 550,656
Long Term Loans 3 - - - - - - - - - - - 237,100 234,171 234,171
Finance Leases 425,000 417,985 410,903 403,753 396,534 389,247 381,889 374,461 366,962 359,391 351,747 344,030 336,239 336,239
2,125,000 2,108,674 2,092,205 2,075,591 2,058,830 2,041,921 2,124,157 2,106,236 2,088,159 2,069,923 2,051,527 2,270,070 2,248,420 2,248,420
Current Liabilities
Bank Overdraft - - - - - - - - - - - - - -
Trade Payables 130,000 145,252 159,862 159,765 219,585 173,171 171,858 157,891 189,264 193,034 135,251 164,501 168,773 168,773
Sales Tax 16,000 28,459 56,634 29,357 48,683 27,442 54,771 29,902 52,566 25,411 50,421 32,576 62,580 62,580
Payroll Accruals 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000
Other Accruals 55,000 - - - - - - - - - - - 60,000 60,000
Provision For Taxation - 15,693 30,898 48,349 47,115 61,074 - 18,420 23,373 33,499 42,921 64,691 - -
Dividends Payable - - - - - - - - - - - - - -
Other Provisions 42,000 - - - - - - - - - - - 30,000 30,000
263,000 209,405 267,393 257,471 335,383 281,687 246,629 226,213 285,203 271,944 248,594 281,767 341,353 341,353
Total Equity & Liabilities 2,789,000 2,759,434 2,840,050 2,858,389 2,916,367 2,881,655 2,963,738 2,972,766 3,026,417 3,020,958 3,003,441 3,311,137 3,392,846 3,392,846
Days in month 31 30 31 30 31 31 30 31 30 31 31 28 365
Page 40 of 64
Actual Results - Balance Sheet
Feb-2020 Mar-2020 Apr-2020 May-2020 Jun-2020 Jul-2020 Aug-2020 Sep-2020 Oct-2020 Nov-2020 Dec-2020 Jan-2021 Feb-2021 Year-2021
ASSETS
Non-Current Assets
Property, Plant & Equipment 1,050,000 1,035,000 1,020,000 1,005,000 990,000 975,000 960,000 945,000 930,000 915,000 900,000 885,000 1,111,000 1,111,000
Intangible Assets 120,000 119,000 118,000 117,000 116,000 115,000 114,000 113,000 112,000 111,000 110,000 109,000 108,000 108,000
Investments 800,000 800,000 800,000 800,000 800,000 800,000 800,000 800,000 800,000 800,000 800,000 800,000 800,000 800,000
1,970,000 1,954,000 1,938,000 1,922,000 1,906,000 1,890,000 1,874,000 1,858,000 1,842,000 1,826,000 1,810,000 1,794,000 2,019,000 2,019,000
Current Assets
Inventory 170,000 156,000 180,000 165,000 On
On this
this sheet:
171,200
sheet: 155,000 165,000 178,000 152,000 170,000 170,000 175,000 160,000 160,000
Trade Receivables 370,000 This section
section contains
This290,300 contains aa monthly
306,000 balance
balance sheet
monthly 315,000 for
for the
sheet319,000 the actual results.
results. Most
actual301,002 of
of the
Most 308,700the balance
balance340,890 301,972 324,987 325,987 329,106 299,700 299,700
Loans & Advances 55,000 sheet items
items require
sheet55,000 require user
user input
55,000 input and only
only the
and55,000 the rows with
with light
rows 55,000 light blue highlighting
highlighting in
blue55,000 column
column A
in30,000 Aare
are 30,000 30,000 30,000 30,000 30,000 30,000 30,000
Other Receivables 53,000 calculated.
53,000 Actual
calculated. Actual balance
53,000 sheet
balance sheet balances
balances
53,000 need
need to to be
be entered
53,000 entered or or copied
copied into
50,000 into the
the user
50,000user input
input 50,000 50,000 50,000 50,000 50,000 50,000 50,000
Cash & Cash Equivalents 171,000 lines.
lines. The
The opening
305,704 balances
balances on
opening316,505 on the
the first
first column
473,028 column are
are based
486,043 based onon the
the opening
557,366 balance
balance sheet
opening548,780 sheet606,083 713,557 757,704 739,082 1,021,653 1,120,550 1,120,550
819,000 balances
balances
860,004 on
on the
the “Assumptions”
“Assumptions”
910,505 sheet.
sheet. Note
1,061,028 Note that
that we
we have
1,084,243 have only
only included
included actual
1,118,368 actual
1,102,480results
results for
for
1,204,973 1,247,529 1,332,691 1,315,069 1,605,759 1,660,250 1,660,250
Total Assets 2,789,000 the first
first 12
the2,814,00412 months
months in
in this
2,848,505this version
version but
but you
2,983,028 you will be
be able
able to
will2,990,243 to use
use the
the entire
3,008,368entire 36 month
month period
362,976,480 in
period 3,062,973
in 3,089,529 3,158,691 3,125,069 3,399,759 3,679,250 3,679,250
EQUITY & LIABILITIES the
the full
full version
version of
of the
the template.
template.
Equity
Shareholders' Contributions 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000
Reserves - - - - - - - - - - - - 10,000 10,000
Retained Earnings 400,000 475,102 530,593 602,384 616,484 668,868 725,936 797,971 833,882 880,534 928,603 1,014,335 1,013,555 1,013,555
401,000 476,102 531,593 603,384 617,484 669,868 726,936 798,971 834,882 881,534 929,603 1,015,335 1,024,555 1,024,555
Long Term Loans 1 1,200,000 1,194,550 1,189,048 1,183,495 1,177,890 1,172,233 1,166,522 1,160,758 1,154,940 1,149,067 1,143,139 1,137,156 1,131,117 1,131,117
Long Term Loans 2 500,000 496,617 493,206 489,765 486,295 482,796 479,266 475,707 472,117 468,496 464,844 560,485 556,088 556,088
Long Term Loans 3 - - - - - - - - - - - - 242,119 242,119
Finance Leases 425,000 418,131 411,190 404,176 397,090 389,930 382,695 375,385 367,999 360,536 352,995 345,375 337,676 337,676
2,125,000 2,109,298 2,093,444 2,077,437 2,061,276 2,044,959 2,028,484 2,011,850 1,995,055 1,978,099 1,960,978 2,043,016 2,267,000 2,267,000
Current Liabilities
Bank Overdraft - - - - - - - - - - - - - -
Trade Payables 130,000 123,465 119,896 135,800 186,647 129,879 163,265 142,102 170,338 154,427 101,438 156,276 135,019 135,019
Sales Tax 16,000 51,128 28,175 63,286 16,426 35,075 32,795 57,231 22,664 60,094 30,012 48,948 27,004 27,004
Payroll Accruals 20,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000
Other Accruals 55,000 - - - - - - - - - - - 75,000 75,000
Provision For Taxation - 29,012 50,397 78,122 83,410 103,588 - 27,819 41,590 59,538 78,037 111,183 - -
Dividends Payable - - - - - - - - - - - - 68,172 68,172
Other Provisions 42,000 - - - - - - - - - - - 57,500 57,500
263,000 228,604 223,469 302,207 311,484 293,541 221,060 252,152 259,592 299,059 234,488 341,407 387,694 387,694
Total Equity & Liabilities 2,789,000 2,814,004 2,848,505 2,983,028 2,990,243 3,008,368 2,976,480 3,062,973 3,089,529 3,158,691 3,125,069 3,399,759 3,679,250 3,679,250
Page 41 of 64
Mar-2021 Apr-2021 May-2021 Jun-2021 Jul-2021 Aug-2021 Sep-2021 Oct-2021 Nov-2021 Dec-2021 Jan-2022 Feb-2022 Year-2022
ASSETS
Non-Current Assets
Property, Plant & Equipment 1,083,000 1,064,000 1,045,000 1,026,000 1,007,000 1,283,000 1,259,000 1,235,000 1,211,000 1,187,000 1,163,000 1,139,000 1,139,000
Intangible Assets 107,000 106,000 105,000 104,000 103,000 102,000 101,000 100,000 99,000 98,000 97,000 96,000 96,000
Investments 800,000 800,000 800,000 800,000 800,000 800,000 800,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000
1,990,000 1,970,000 1,950,000 1,930,000 1,910,000 2,185,000 2,160,000 2,535,000 2,510,000 2,485,000 2,460,000 2,435,000 2,435,000
Current Assets
Inventory 201,414 203,520 192,124 211,584 213,801 201,352 189,224 194,460 214,272 156,360 210,240 222,336 222,336
Trade Receivables 427,726 437,479 414,742 446,775 443,956 432,289 431,729 434,867 469,679 361,230 462,319 487,826 487,826
Loans & Advances 55,000 55,000 55,000 55,000 55,000 55,000 55,000 75,000 75,000 75,000 75,000 75,000 75,000
Cash & Cash Equivalents 582,977 658,016 693,576 735,997 775,646 770,199 785,474 432,735 439,586 586,077 481,338 539,591 539,591
1,320,117 1,407,016 1,408,442 1,502,356 1,541,403 1,518,840 1,521,428 1,197,062 1,258,537 1,238,667 1,288,897 1,384,753 1,384,753
Total Assets 3,310,117 3,377,016 3,358,442 3,432,356 3,451,403 3,703,840 3,681,428 3,732,062 3,768,537 3,723,667 3,748,897 3,819,753 3,819,753
Equity
Shareholders' Contributions 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000
Reserves - - - - - - - - - - - - -
Retained Earnings 848,020 876,786 920,240 957,120 1,006,359 1,022,851 1,069,493 1,101,123 1,152,086 1,133,439 1,169,460 1,218,540 1,218,540
849,020 877,786 921,240 958,120 1,007,359 1,023,851 1,070,493 1,102,123 1,153,086 1,134,439 1,170,460 1,219,540 1,219,540
Long Term Loans 1 1,120,959 1,114,509 1,108,004 1,101,443 1,094,827 1,088,154 1,081,424 1,074,636 1,067,791 1,060,887 1,053,924 1,046,902 1,046,902
Long Term Loans 2 546,033 541,374 536,679 531,948 527,180 522,375 517,534 512,655 507,739 502,784 497,792 492,761 492,761
Long Term Loans 3 231,211 228,219 225,197 222,144 219,058 512,316 505,504 498,621 491,666 484,638 477,538 470,363 470,363
Finance Leases 328,374 320,433 312,416 304,322 296,151 287,901 279,572 271,163 262,674 254,104 245,451 236,716 236,716
2,226,576 2,204,535 2,182,296 2,159,857 2,137,215 2,410,746 2,384,034 2,357,075 2,329,869 2,302,413 2,274,705 2,246,741 2,246,741
Current Liabilities
Bank Overdraft - - - - - - - - - - - - -
Trade Payables 162,741 183,423 155,618 170,815 172,905 187,919 153,672 157,409 179,408 168,516 193,991 180,335 180,335
Sales Tax 31,913 60,216 31,334 61,269 32,479 59,324 33,090 63,015 33,916 53,292 30,727 64,137 64,137
Payroll Accruals 22,000 22,000 22,000 22,000 22,000 22,000 22,000 22,000 22,000 22,000 22,000 22,000 22,000
Other Accruals - - - - - - - - - - - 66,000 66,000
Provision For Taxation 17,868 29,055 45,954 60,296 79,445 - 18,139 30,439 50,258 43,007 57,014 - -
Dividends Payable - - - - - - - - - - - - -
Other Provisions - - - - - - - - - - - 21,000 21,000
234,522 294,695 254,906 314,380 306,829 269,243 226,901 272,863 285,581 286,814 303,733 353,472 353,472
Total Equity & Liabilities 3,310,117 3,377,016 3,358,442 3,432,356 3,451,403 3,703,840 3,681,428 3,732,062 3,768,537 3,723,667 3,748,897 3,819,753 3,819,753
Days in month 31 30 31 30 31 31 30 31 30 31 31 28 365
Page 42 of 64
ASSETS
Non-Current Assets
Property, Plant & Equipment - - - - - - - - - - - - -
Intangible Assets - - - - - - - - - - - - -
Investments - - - - - - - - - - - - -
- - - - - - - - - - - - -
Current Assets
Inventory - - - - - - - - - - - - -
Loans & Advances - - - - - - - - - - - - -
Cash & Cash Equivalents 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555
1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555
Total Assets 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555
Equity
Shareholders' Contributions - - - - - - - - - - - - -
Reserves - - - - - - - - - - - - -
Retained Earnings 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555
1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555
Long Term Loans 1 - - - - - - - - - - - - -
Long Term Loans 2 - - - - - - - - - - - - -
Long Term Loans 3 - - - - - - - - - - - - -
Finance Leases - - - - - - - - - - - - -
- - - - - - - - - - - - -
Current Liabilities
Bank Overdraft - - - - - - - - - - - - -
Trade Payables - - - - - - - - - - - - -
Sales Tax - - - - - - - - - - - - -
Other Accruals - - - - - - - - - - - - -
Provision For Taxation - - - - - - - - - - - - -
- - - - - - - - - - - - -
Page 43 of 64
ASSETS
Non-Current Assets
Property, Plant & Equipment 1,115,000 1,268,000 1,241,000 1,214,000 1,187,000 1,162,000 1,137,000 1,112,000 1,087,000 1,062,000 1,037,000 1,012,000 1,012,000
Intangible Assets 95,000 94,000 93,000 92,000 91,000 90,000 89,000 88,000 87,000 86,000 85,000 84,000 84,000
Investments 1,200,000 1,800,000 1,800,000 1,800,000 1,800,000 1,800,000 1,800,000 1,800,000 1,800,000 1,800,000 1,800,000 1,800,000 1,800,000
2,410,000 3,162,000 3,134,000 3,106,000 3,078,000 3,052,000 3,026,000 3,000,000 2,974,000 2,948,000 2,922,000 2,896,000 2,896,000
Current Assets
Inventory 198,929 216,300 206,942 222,000 213,039 221,865 228,540 218,206 233,700 180,000 226,510 240,341 240,341
Trade Receivables 447,758 484,438 467,419 492,775 479,290 489,121 500,633 487,452 517,998 414,000 499,415 533,569 533,569
Loans & Advances 75,000 75,000 75,000 75,000 75,000 75,000 75,000 75,000 75,000 75,000 75,000 75,000 75,000
Cash & Cash Equivalents 530,873 - - 59,255 58,342 11,262 13,792 140,022 147,779 306,149 249,860 294,992 294,992
1,312,560 835,738 809,361 909,030 885,671 857,247 877,965 980,680 1,034,477 1,035,149 1,110,785 1,203,902 1,203,902
Total Assets 3,722,560 3,997,738 3,943,361 4,015,030 3,963,671 3,909,247 3,903,965 3,980,680 4,008,477 3,983,149 4,032,785 4,099,902 4,099,902
Equity
Shareholders' Contributions 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000
Reserves - - - - - - - - - - - - -
1,266,186 1,280,245 1,325,472 1,363,735 1,352,634 1,403,388 1,437,725 1,495,726 1,540,154 1,564,265 1,618,323 1,664,999 1,664,999
Long Term Loans 1 1,039,819 1,032,676 1,025,472 1,018,207 1,010,879 1,003,489 996,036 988,519 980,938 973,292 965,581 957,804 957,804
Long Term Loans 2 487,691 482,582 477,434 472,246 467,018 461,750 456,441 451,091 445,701 440,268 434,794 429,277 429,277
Long Term Loans 3 463,114 633,614 624,016 614,318 604,518 594,617 584,612 574,504 564,289 553,969 543,541 533,004 533,004
Finance Leases 227,896 218,992 210,003 200,928 191,766 182,516 173,177 163,749 154,230 144,620 134,918 125,124 125,124
2,218,520 2,367,865 2,336,926 2,305,699 2,274,182 2,242,372 2,210,267 2,177,863 2,145,158 2,112,150 2,078,834 2,045,209 2,045,209
Current Liabilities
Bank Overdraft - 25,104 8,067 - - - - - - - - - -
Trade Payables 161,357 214,299 172,990 197,594 238,207 181,167 186,653 178,362 211,999 156,490 192,147 205,489 205,489
Sales Tax 34,357 62,617 34,711 67,928 22,889 58,321 31,967 68,820 33,979 63,681 35,894 70,204 70,204
Payroll Accruals 24,000 24,000 24,000 24,000 24,000 24,000 24,000 24,000 24,000 24,000 24,000 24,000 24,000
Other Accruals - - - - - - - - - - - 50,000 50,000
Provision For Taxation 18,140 23,607 41,196 56,076 51,759 - 13,353 35,909 53,187 62,563 83,586 - -
Other Provisions - - - - - - - - - - - 40,000 40,000
237,854 349,628 280,964 345,597 336,855 263,487 255,974 307,091 323,165 306,734 335,627 389,693 389,693
Days in month 31 30 31 30 31 31 30 31 30 31 31 28 365
Page 44 of 64
ASSETS
Non-Current Assets
Property, Plant & Equipment - - - - - - - - - - - - -
Intangible Assets - - - - - - - - - - - - -
Investments - - - - - - - - - - - - -
- - - - - - - - - - - - -
Current Assets
Inventory - - - - - - - - - - - - -
Loans & Advances - - - - - - - - - - - - -
Cash & Cash Equivalents 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555
1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555
Total Assets 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555
Equity
Shareholders' Contributions - - - - - - - - - - - - -
Reserves - - - - - - - - - - - - -
1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555 1,013,555
Long Term Loans 1 - - - - - - - - - - - - -
Long Term Loans 2 - - - - - - - - - - - - -
Long Term Loans 3 - - - - - - - - - - - - -
Finance Leases - - - - - - - - - - - - -
- - - - - - - - - - - - -
Current Liabilities
Bank Overdraft - - - - - - - - - - - - -
Trade Payables - - - - - - - - - - - - -
Sales Tax - - - - - - - - - - - - -
Other Accruals - - - - - - - - - - - - -
Provision For Taxation - - - - - - - - - - - - -
- - - - - - - - - - - - -
Page 45 of 64
Cash Flow Projections - Repayment Schedule - Loans 1
Interest Rate 10.25%

Repayment Term 10.0
Interest Only No
Opening Additional Loan Interest Capital Closing
Month
Balance Loans Repayment Charges Repayment Balance
Feb-2020 - 1,200,000 - - - 1,200,000
Mar-2020 1,200,000 - 16,025 10,250 5,775 1,194,225
Apr-2020 1,194,225 - 16,025 10,201 5,824 1,188,401
On
On this
this sheet:
sheet:
May-2020 1,188,401 - 16,025 10,151 5,874 1,182,528
This
This is
is the
the first
first of
of four
four amortization
amortization tables
tables that
that are
are calculated
calculated based
based onon the
the forecast
forecast balance
balance sheet
sheet
Jun-2020 1,182,528 - 16,025 10,101 5,924 1,176,604
opening
opening balances
balances and and loan
loan terms that
that are
terms 5,975 are specified
specified in the template assumptions as well as the
Jul-2020 1,176,604 - 16,025 10,050 1,170,629 in the template assumptions as well as the
additional
additional loan amounts that are entered on the forecast
forecast cash
cash flow
flow statement.
statement. The
The interest
interest charges
16,025loan amounts 9,999that are entered
6,026 on the
Aug-2020 1,170,629 - 1,164,604 charges
and
and capital
capital repayment amounts
amounts of of each amortization table
table are
are automatically
automatically included
included onon the
the forecast
Sep-2020 1,164,604 - 16,025 repayment 9,948 each
6,077 amortization
1,158,527 forecast
income
income statement
statement andand cash
cash flow
flow statement.
statement. No
No user
user input
input is
is required
required on
on these
these sheets.
sheets. The
The forecast
forecast
Oct-2020 1,158,527 - 16,025 9,896 6,129 1,152,398
section
section of
of the
the template
template therefore
therefore accommodates
accommodates automated
automated loan
loan calculations
calculations based
based on
on four
four different
different
Nov-2020 1,152,398 - 16,025 9,843 6,181 1,146,216
sets
sets of
of loan
loan repayment
repayment terms.
terms.
Dec-2020 1,146,216 - 16,025 9,791 6,234 1,139,982
Jan-2021 1,139,982 - 16,025 9,737 6,287 1,133,695
Feb-2021 1,133,695 - 16,025 9,684 6,341 1,127,354
Mar-2021 1,127,354 - 16,025 9,629 6,395 1,120,959
Apr-2021 1,120,959 - 16,025 9,575 6,450 1,114,509
May-2021 1,114,509 - 16,025 9,520 6,505 1,108,004
Jun-2021 1,108,004 - 16,025 9,464 6,560 1,101,443
Jul-2021 1,101,443 - 16,025 9,408 6,617 1,094,827
Aug-2021 1,094,827 - 16,025 9,352 6,673 1,088,154
Sep-2021 1,088,154 - 16,025 9,295 6,730 1,081,424
Oct-2021 1,081,424 - 16,025 9,237 6,788 1,074,636
Nov-2021 1,074,636 - 16,025 9,179 6,845 1,067,791
Dec-2021 1,067,791 - 16,025 9,121 6,904 1,060,887
Jan-2022 1,060,887 - 16,025 9,062 6,963 1,053,924
Feb-2022 1,053,924 - 16,025 9,002 7,022 1,046,902
Mar-2022 1,046,902 - 16,025 8,942 7,082 1,039,819
Apr-2022 1,039,819 - 16,025 8,882 7,143 1,032,676
May-2022 1,032,676 - 16,025 8,821 7,204 1,025,472
Jun-2022 1,025,472 - 16,025 8,759 7,265 1,018,207
Jul-2022 1,018,207 - 16,025 8,697 7,327 1,010,879
Aug-2022 1,010,879 - 16,025 8,635 7,390 1,003,489
Sep-2022 1,003,489 - 16,025 8,571 7,453 996,036
Oct-2022 996,036 - 16,025 8,508 7,517 988,519
Nov-2022 988,519 - 16,025 8,444 7,581 980,938
Dec-2022 980,938 - 16,025 8,379 7,646 973,292
Jan-2023 973,292 - 16,025 8,314 7,711 965,581
Feb-2023 965,581 - 16,025 8,248 7,777 957,804
Mar-2023 957,804 - 16,025 8,181 7,843 949,961
Apr-2023 949,961 - 16,025 8,114 7,910 942,050
May-2023 942,050 - 16,025 8,047 7,978 934,072
Jun-2023 934,072 - 16,025 7,979 8,046 926,026
Jul-2023 926,026 - 16,025 7,910 8,115 917,911
Aug-2023 917,911 - 16,025 7,840 8,184 909,727
Sep-2023 909,727 - 16,025 7,771 8,254 901,473
Oct-2023 901,473 - 16,025 7,700 8,325 893,148
Nov-2023 893,148 - 16,025 7,629 8,396 884,753
Dec-2023 884,753 - 16,025 7,557 8,467 876,285
Jan-2024 876,285 - 16,025 7,485 8,540 867,746
Feb-2024 867,746 - 16,025 7,412 8,613 859,133
Mar-2024 859,133 - 16,025 7,338 8,686 850,447
Apr-2024 850,447 - 16,025 7,264 8,760 841,686
May-2024 841,686 - 16,025 7,189 8,835 832,851
Jun-2024 832,851 - 16,025 7,114 8,911 823,940
Jul-2024 823,940 - 16,025 7,038 8,987 814,953
Aug-2024 814,953 - 16,025 6,961 9,064 805,890
Sep-2024 805,890 - 16,025 6,884 9,141 796,749
Oct-2024 796,749 - 16,025 6,806 9,219 787,529
Nov-2024 787,529 - 16,025 6,727 9,298 778,232
Dec-2024 778,232 - 16,025 6,647 9,377 768,854
Jan-2025 768,854 - 16,025 6,567 9,457 759,397
Feb-2025 759,397 - 16,025 6,487 9,538 749,859
Mar-2025 749,859 - 16,025 6,405 9,620 740,239
Apr-2025 740,239 - 16,025 6,323 9,702 730,537
May-2025 730,537 - 16,025 6,240 9,785 720,753
Jun-2025 720,753 - 16,025 6,156 9,868 710,884
Jul-2025 710,884 - 16,025 6,072 9,953 700,932
Aug-2025 700,932 - 16,025 5,987 10,038 690,894
Sep-2025 690,894 - 16,025 5,901 10,123 680,771
Oct-2025 680,771 - 16,025 5,815 10,210 670,561
Nov-2025 670,561 - 16,025 5,728 10,297 660,264
Dec-2025 660,264 - 16,025 5,640 10,385 649,879
Page 46 of 64

Repayment Term 10.0
Interest Only No
Month
Jan-2026 649,879 - 16,025 5,551 10,474 639,406
Feb-2026 639,406 - 16,025 5,462 10,563 628,843
Mar-2026 628,843 - 16,025 5,371 10,653 618,189
Apr-2026 618,189 - 16,025 5,280 10,744 607,445
May-2026 607,445 - 16,025 5,189 10,836 596,609
Jun-2026 596,609 - 16,025 5,096 10,929 585,680
Jul-2026 585,680 - 16,025 5,003 11,022 574,658
Aug-2026 574,658 - 16,025 4,909 11,116 563,542
Sep-2026 563,542 - 16,025 4,814 11,211 552,331
Oct-2026 552,331 - 16,025 4,718 11,307 541,024
Nov-2026 541,024 - 16,025 4,621 11,403 529,621
Dec-2026 529,621 - 16,025 4,524 11,501 518,120
Jan-2027 518,120 - 16,025 4,426 11,599 506,521
Feb-2027 506,521 - 16,025 4,327 11,698 494,823
Mar-2027 494,823 - 16,025 4,227 11,798 483,025
Apr-2027 483,025 - 16,025 4,126 11,899 471,126
May-2027 471,126 - 16,025 4,024 12,000 459,125
Jun-2027 459,125 - 16,025 3,922 12,103 447,022
Jul-2027 447,022 - 16,025 3,818 12,206 434,816
Aug-2027 434,816 - 16,025 3,714 12,311 422,505
Sep-2027 422,505 - 16,025 3,609 12,416 410,090
Oct-2027 410,090 - 16,025 3,503 12,522 397,568
Nov-2027 397,568 - 16,025 3,396 12,629 384,939
Dec-2027 384,939 - 16,025 3,288 12,737 372,202
Jan-2028 372,202 - 16,025 3,179 12,845 359,357
Feb-2028 359,357 - 16,025 3,070 12,955 346,402
Mar-2028 346,402 - 16,025 2,959 13,066 333,336
Apr-2028 333,336 - 16,025 2,847 13,177 320,158
May-2028 320,158 - 16,025 2,735 13,290 306,868
Jun-2028 306,868 - 16,025 2,621 13,404 293,465
Jul-2028 293,465 - 16,025 2,507 13,518 279,947
Aug-2028 279,947 - 16,025 2,391 13,633 266,313
Sep-2028 266,313 - 16,025 2,275 13,750 252,564
Oct-2028 252,564 - 16,025 2,157 13,867 238,696
Nov-2028 238,696 - 16,025 2,039 13,986 224,710
Dec-2028 224,710 - 16,025 1,919 14,105 210,605
Jan-2029 210,605 - 16,025 1,799 14,226 196,379
Feb-2029 196,379 - 16,025 1,677 14,347 182,032
Mar-2029 182,032 - 16,025 1,555 14,470 167,562
Apr-2029 167,562 - 16,025 1,431 14,593 152,969
May-2029 152,969 - 16,025 1,307 14,718 138,251
Jun-2029 138,251 - 16,025 1,181 14,844 123,407
Jul-2029 123,407 - 16,025 1,054 14,971 108,436
Aug-2029 108,436 - 16,025 926 15,098 93,338
Sep-2029 93,338 - 16,025 797 15,227 78,110
Oct-2029 78,110 - 16,025 667 15,357 62,753
Nov-2029 62,753 - 16,025 536 15,489 47,264
Dec-2029 47,264 - 16,025 404 15,621 31,643
Jan-2030 31,643 - 16,025 270 15,754 15,889
Feb-2030 15,889 - 16,025 136 15,889 -
Mar-2030 - - - - - -
Apr-2030 - - - - - -
May-2030 - - - - - -
Jun-2030 - - - - - -
Jul-2030 - - - - - -
Aug-2030 - - - - - -
Sep-2030 - - - - - -
Oct-2030 - - - - - -
Nov-2030 - - - - - -
Dec-2030 - - - - - -
Jan-2031 - - - - - -
Feb-2031 - - - - - -
Mar-2031 - - - - - -
Apr-2031 - - - - - -
May-2031 - - - - - -
Jun-2031 - - - - - -
Jul-2031 - - - - - -
Aug-2031 - - - - - -
Sep-2031 - - - - - -
Oct-2031 - - - - - -
Nov-2031 - - - - - -
Page 47 of 64

Repayment Term 10.0
Interest Only No
Month
Dec-2031 - - - - - -
Jan-2032 - - - - - -
Feb-2032 - - - - - -
Mar-2032 - - - - - -
Apr-2032 - - - - - -
May-2032 - - - - - -
Jun-2032 - - - - - -
Jul-2032 - - - - - -
Aug-2032 - - - - - -
Sep-2032 - - - - - -
Oct-2032 - - - - - -
Nov-2032 - - - - - -
Dec-2032 - - - - - -
Jan-2033 - - - - - -
Feb-2033 - - - - - -
Page 48 of 64
Interest Rate 9.25%

Repayment Term 8.0
Interest Only No
Month
Feb-2020 - 500,000 - - - 500,000
Mar-2020 500,000 - 7,390 3,854 3,536 496,464
Apr-2020 496,464 - 7,390 3,827 3,563 492,901
May-2020 492,901 - 7,390 3,799 3,591 489,310
Jun-2020 489,310 - 7,390 3,772 3,618 485,692
Jul-2020 485,692 - 7,390 3,744 3,646 482,046
Aug-2020 482,046 100,000 8,868 4,487 4,382 577,664
Sep-2020 577,664 - 8,868 4,453 4,415 573,249
Oct-2020 573,249 - 8,868 4,419 4,449 568,799
Nov-2020 568,799 - 8,868 4,384 4,484 564,316
Dec-2020 564,316 - 8,868 4,350 4,518 559,798
Jan-2021 559,798 - 8,868 4,315 4,553 555,245
Feb-2021 555,245 - 8,868 4,280 4,588 550,656
Mar-2021 550,656 - 8,868 4,245 4,623 546,033
Apr-2021 546,033 - 8,868 4,209 4,659 541,374
May-2021 541,374 - 8,868 4,173 4,695 536,679
Jun-2021 536,679 - 8,868 4,137 4,731 531,948
Jul-2021 531,948 - 8,868 4,100 4,768 527,180
Aug-2021 527,180 - 8,868 4,064 4,804 522,375
Sep-2021 522,375 - 8,868 4,027 4,841 517,534
Oct-2021 517,534 - 8,868 3,989 4,879 512,655
Nov-2021 512,655 - 8,868 3,952 4,916 507,739
Dec-2021 507,739 - 8,868 3,914 4,954 502,784
Jan-2022 502,784 - 8,868 3,876 4,993 497,792
Feb-2022 497,792 - 8,868 3,837 5,031 492,761
Mar-2022 492,761 - 8,868 3,798 5,070 487,691
Apr-2022 487,691 - 8,868 3,759 5,109 482,582
May-2022 482,582 - 8,868 3,720 5,148 477,434
Jun-2022 477,434 - 8,868 3,680 5,188 472,246
Jul-2022 472,246 - 8,868 3,640 5,228 467,018
Aug-2022 467,018 - 8,868 3,600 5,268 461,750
Sep-2022 461,750 - 8,868 3,559 5,309 456,441
Oct-2022 456,441 - 8,868 3,518 5,350 451,091
Nov-2022 451,091 - 8,868 3,477 5,391 445,701
Dec-2022 445,701 - 8,868 3,436 5,433 440,268
Jan-2023 440,268 - 8,868 3,394 5,474 434,794
Feb-2023 434,794 - 8,868 3,352 5,517 429,277
Mar-2023 429,277 - 8,868 3,309 5,559 423,718
Apr-2023 423,718 - 8,868 3,266 5,602 418,116
May-2023 418,116 - 8,868 3,223 5,645 412,471
Jun-2023 412,471 - 8,868 3,179 5,689 406,782
Jul-2023 406,782 - 8,868 3,136 5,733 401,050
Aug-2023 401,050 - 8,868 3,091 5,777 395,273
Sep-2023 395,273 - 8,868 3,047 5,821 389,452
Oct-2023 389,452 - 8,868 3,002 5,866 383,586
Page 49 of 64
Interest Rate 9.25%

Repayment Term 8.0
Interest Only No
Month
Nov-2023 383,586 - 8,868 2,957 5,911 377,674
Dec-2023 377,674 - 8,868 2,911 5,957 371,717
Jan-2024 371,717 - 8,868 2,865 6,003 365,714
Feb-2024 365,714 - 8,868 2,819 6,049 359,665
Mar-2024 359,665 - 8,868 2,772 6,096 353,570
Apr-2024 353,570 - 8,868 2,725 6,143 347,427
May-2024 347,427 - 8,868 2,678 6,190 341,237
Jun-2024 341,237 - 8,868 2,630 6,238 334,999
Jul-2024 334,999 - 8,868 2,582 6,286 328,713
Aug-2024 328,713 - 8,868 2,534 6,334 322,379
Sep-2024 322,379 - 8,868 2,485 6,383 315,996
Oct-2024 315,996 - 8,868 2,436 6,432 309,564
Nov-2024 309,564 - 8,868 2,386 6,482 303,082
Dec-2024 303,082 - 8,868 2,336 6,532 296,550
Jan-2025 296,550 - 8,868 2,286 6,582 289,968
Feb-2025 289,968 - 8,868 2,235 6,633 283,335
Mar-2025 283,335 - 8,868 2,184 6,684 276,650
Apr-2025 276,650 - 8,868 2,133 6,736 269,915
May-2025 269,915 - 8,868 2,081 6,788 263,127
Jun-2025 263,127 - 8,868 2,028 6,840 256,287
Jul-2025 256,287 - 8,868 1,976 6,893 249,395
Aug-2025 249,395 - 8,868 1,922 6,946 242,449
Sep-2025 242,449 - 8,868 1,869 6,999 235,450
Oct-2025 235,450 - 8,868 1,815 7,053 228,397
Nov-2025 228,397 - 8,868 1,761 7,108 221,289
Dec-2025 221,289 - 8,868 1,706 7,162 214,127
Jan-2026 214,127 - 8,868 1,651 7,218 206,909
Feb-2026 206,909 - 8,868 1,595 7,273 199,636
Mar-2026 199,636 - 8,868 1,539 7,329 192,307
Apr-2026 192,307 - 8,868 1,482 7,386 184,921
May-2026 184,921 - 8,868 1,425 7,443 177,478
Jun-2026 177,478 - 8,868 1,368 7,500 169,978
Jul-2026 169,978 - 8,868 1,310 7,558 162,420
Aug-2026 162,420 - 8,868 1,252 7,616 154,804
Sep-2026 154,804 - 8,868 1,193 7,675 147,129
Oct-2026 147,129 - 8,868 1,134 7,734 139,395
Nov-2026 139,395 - 8,868 1,075 7,794 131,602
Dec-2026 131,602 - 8,868 1,014 7,854 123,748
Jan-2027 123,748 - 8,868 954 7,914 115,834
Feb-2027 115,834 - 8,868 893 7,975 107,858
Mar-2027 107,858 - 8,868 831 8,037 99,822
Apr-2027 99,822 - 8,868 769 8,099 91,723
May-2027 91,723 - 8,868 707 8,161 83,562
Jun-2027 83,562 - 8,868 644 8,224 75,338
Jul-2027 75,338 - 8,868 581 8,287 67,051
Page 50 of 64
Interest Rate 9.25%

Repayment Term 8.0
Interest Only No
Month
Aug-2027 67,051 - 8,868 517 8,351 58,699
Sep-2027 58,699 - 8,868 452 8,416 50,284
Oct-2027 50,284 - 8,868 388 8,481 41,803
Nov-2027 41,803 - 8,868 322 8,546 33,257
Dec-2027 33,257 - 8,868 256 8,612 24,645
Jan-2028 24,645 - 8,868 190 8,678 15,967
Feb-2028 15,967 - 8,868 123 8,745 7,222
Mar-2028 7,222 - 1,478 56 1,422 5,800
Apr-2028 5,800 - 1,478 45 1,433 4,367
May-2028 4,367 - 1,478 34 1,444 2,922
Jun-2028 2,922 - 1,478 23 1,455 1,467
Jul-2028 1,467 - 1,478 11 1,467 -
Aug-2028 - - - - - -
Sep-2028 - - - - - -
Oct-2028 - - - - - -
Nov-2028 - - - - - -
Dec-2028 - - - - - -
Jan-2029 - - - - - -
Feb-2029 - - - - - -
Mar-2029 - - - - - -
Apr-2029 - - - - - -
May-2029 - - - - - -
Jun-2029 - - - - - -
Jul-2029 - - - - - -
Aug-2029 - - - - - -
Sep-2029 - - - - - -
Oct-2029 - - - - - -
Nov-2029 - - - - - -
Dec-2029 - - - - - -
Jan-2030 - - - - - -
Feb-2030 - - - - - -
Mar-2030 - - - - - -
Apr-2030 - - - - - -
May-2030 - - - - - -
Jun-2030 - - - - - -
Jul-2030 - - - - - -
Aug-2030 - - - - - -
Sep-2030 - - - - - -
Oct-2030 - - - - - -
Nov-2030 - - - - - -
Dec-2030 - - - - - -
Jan-2031 - - - - - -
Feb-2031 - - - - - -
Mar-2031 - - - - - -
Apr-2031 - - - - - -
Page 51 of 64
Interest Rate 9.25%

Repayment Term 8.0
Interest Only No
Month
May-2031 - - - - - -
Jun-2031 - - - - - -
Jul-2031 - - - - - -
Aug-2031 - - - - - -
Sep-2031 - - - - - -
Oct-2031 - - - - - -
Nov-2031 - - - - - -
Dec-2031 - - - - - -
Jan-2032 - - - - - -
Feb-2032 - - - - - -
Mar-2032 - - - - - -
Apr-2032 - - - - - -
May-2032 - - - - - -
Jun-2032 - - - - - -
Jul-2032 - - - - - -
Aug-2032 - - - - - -
Sep-2032 - - - - - -
Oct-2032 - - - - - -
Nov-2032 - - - - - -
Dec-2032 - - - - - -
Jan-2033 - - - - - -
Feb-2033 - - - - - -
Page 52 of 64

Repayment Term 5.0
Interest Only No
Month
Feb-2020 - - - - - -
Mar-2020 - - - - - -
Apr-2020 - - - - - -
May-2020 - - - - - -
Jun-2020 - - - - - -
Jul-2020 - - - - - -
Aug-2020 - - - - - -
Sep-2020 - - - - - -
Oct-2020 - - - - - -
Nov-2020 - - - - - -
Dec-2020 - - - - - -
Jan-2021 - 240,000 5,400 2,500 2,900 237,100
Feb-2021 237,100 - 5,400 2,470 2,930 234,171
Mar-2021 234,171 - 5,400 2,439 2,960 231,211
Apr-2021 231,211 - 5,400 2,408 2,991 228,219
May-2021 228,219 - 5,400 2,377 3,022 225,197
Jun-2021 225,197 - 5,400 2,346 3,054 222,144
Jul-2021 222,144 - 5,400 2,314 3,086 219,058
Aug-2021 219,058 300,000 12,149 5,407 6,742 512,316
Sep-2021 512,316 - 12,149 5,337 6,812 505,504
Oct-2021 505,504 - 12,149 5,266 6,883 498,621
Nov-2021 498,621 - 12,149 5,194 6,955 491,666
Dec-2021 491,666 - 12,149 5,122 7,027 484,638
Jan-2022 484,638 - 12,149 5,048 7,101 477,538
Feb-2022 477,538 - 12,149 4,974 7,175 470,363
Mar-2022 470,363 - 12,149 4,900 7,249 463,114
Apr-2022 463,114 180,000 16,199 6,699 9,499 633,614
May-2022 633,614 - 16,199 6,600 9,598 624,016
Jun-2022 624,016 - 16,199 6,500 9,698 614,318
Jul-2022 614,318 - 16,199 6,399 9,799 604,518
Aug-2022 604,518 - 16,199 6,297 9,901 594,617
Sep-2022 594,617 - 16,199 6,194 10,005 584,612
Oct-2022 584,612 - 16,199 6,090 10,109 574,504
Nov-2022 574,504 - 16,199 5,984 10,214 564,289
Dec-2022 564,289 - 16,199 5,878 10,321 553,969
Jan-2023 553,969 - 16,199 5,771 10,428 543,541
Feb-2023 543,541 - 16,199 5,662 10,537 533,004
Mar-2023 533,004 - 16,199 5,552 10,646 522,358
Apr-2023 522,358 - 16,199 5,441 10,757 511,601
May-2023 511,601 - 16,199 5,329 10,869 500,731
Jun-2023 500,731 - 16,199 5,216 10,983 489,749
Jul-2023 489,749 - 16,199 5,102 11,097 478,652
Aug-2023 478,652 - 16,199 4,986 11,213 467,439
Sep-2023 467,439 - 16,199 4,869 11,329 456,110
Oct-2023 456,110 - 16,199 4,751 11,447 444,662
Page 53 of 64

Repayment Term 5.0
Interest Only No
Month
Nov-2023 444,662 - 16,199 4,632 11,567 433,096
Dec-2023 433,096 - 16,199 4,511 11,687 421,409
Jan-2024 421,409 - 16,199 4,390 11,809 409,600
Feb-2024 409,600 - 16,199 4,267 11,932 397,668
Mar-2024 397,668 - 16,199 4,142 12,056 385,612
Apr-2024 385,612 - 16,199 4,017 12,182 373,430
May-2024 373,430 - 16,199 3,890 12,309 361,122
Jun-2024 361,122 - 16,199 3,762 12,437 348,685
Jul-2024 348,685 - 16,199 3,632 12,566 336,118
Aug-2024 336,118 - 16,199 3,501 12,697 323,421
Sep-2024 323,421 - 16,199 3,369 12,830 310,592
Oct-2024 310,592 - 16,199 3,235 12,963 297,628
Nov-2024 297,628 - 16,199 3,100 13,098 284,530
Dec-2024 284,530 - 16,199 2,964 13,235 271,295
Jan-2025 271,295 - 16,199 2,826 13,373 257,923
Feb-2025 257,923 - 16,199 2,687 13,512 244,411
Mar-2025 244,411 - 16,199 2,546 13,653 230,759
Apr-2025 230,759 - 16,199 2,404 13,795 216,964
May-2025 216,964 - 16,199 2,260 13,938 203,025
Jun-2025 203,025 - 16,199 2,115 14,084 188,942
Jul-2025 188,942 - 16,199 1,968 14,230 174,711
Aug-2025 174,711 - 16,199 1,820 14,379 160,333
Sep-2025 160,333 - 16,199 1,670 14,528 145,804
Oct-2025 145,804 - 16,199 1,519 14,680 131,125
Nov-2025 131,125 - 16,199 1,366 14,833 116,292
Dec-2025 116,292 - 16,199 1,211 14,987 101,305
Jan-2026 101,305 - 10,799 1,055 9,744 91,561
Feb-2026 91,561 - 10,799 954 9,845 81,716
Mar-2026 81,716 - 10,799 851 9,948 71,768
Apr-2026 71,768 - 10,799 748 10,051 61,717
May-2026 61,717 - 10,799 643 10,156 51,560
Jun-2026 51,560 - 10,799 537 10,262 41,298
Jul-2026 41,298 - 10,799 430 10,369 30,930
Aug-2026 30,930 - 4,050 322 3,727 27,202
Sep-2026 27,202 - 4,050 283 3,766 23,436
Oct-2026 23,436 - 4,050 244 3,806 19,630
Nov-2026 19,630 - 4,050 204 3,845 15,785
Dec-2026 15,785 - 4,050 164 3,885 11,900
Jan-2027 11,900 - 4,050 124 3,926 7,974
Feb-2027 7,974 - 4,050 83 3,967 4,008
Mar-2027 4,008 - 4,050 42 4,008 -
Apr-2027 - - - - - -
May-2027 - - - - - -
Jun-2027 - - - - - -
Jul-2027 - - - - - -
Page 54 of 64

Repayment Term 5.0
Interest Only No
Month
Aug-2027 - - - - - -
Sep-2027 - - - - - -
Oct-2027 - - - - - -
Nov-2027 - - - - - -
Dec-2027 - - - - - -
Jan-2028 - - - - - -
Feb-2028 - - - - - -
Mar-2028 - - - - - -
Apr-2028 - - - - - -
May-2028 - - - - - -
Jun-2028 - - - - - -
Jul-2028 - - - - - -
Aug-2028 - - - - - -
Sep-2028 - - - - - -
Oct-2028 - - - - - -
Nov-2028 - - - - - -
Dec-2028 - - - - - -
Jan-2029 - - - - - -
Feb-2029 - - - - - -
Mar-2029 - - - - - -
Apr-2029 - - - - - -
May-2029 - - - - - -
Jun-2029 - - - - - -
Jul-2029 - - - - - -
Aug-2029 - - - - - -
Sep-2029 - - - - - -
Oct-2029 - - - - - -
Nov-2029 - - - - - -
Dec-2029 - - - - - -
Jan-2030 - - - - - -
Feb-2030 - - - - - -
Mar-2030 - - - - - -
Apr-2030 - - - - - -
May-2030 - - - - - -
Jun-2030 - - - - - -
Jul-2030 - - - - - -
Aug-2030 - - - - - -
Sep-2030 - - - - - -
Oct-2030 - - - - - -
Nov-2030 - - - - - -
Dec-2030 - - - - - -
Jan-2031 - - - - - -
Feb-2031 - - - - - -
Mar-2031 - - - - - -
Apr-2031 - - - - - -
Page 55 of 64

Repayment Term 5.0
Interest Only No
Month
May-2031 - - - - - -
Jun-2031 - - - - - -
Jul-2031 - - - - - -
Aug-2031 - - - - - -
Sep-2031 - - - - - -
Oct-2031 - - - - - -
Nov-2031 - - - - - -
Dec-2031 - - - - - -
Jan-2032 - - - - - -
Feb-2032 - - - - - -
Mar-2032 - - - - - -
Apr-2032 - - - - - -
May-2032 - - - - - -
Jun-2032 - - - - - -
Jul-2032 - - - - - -
Aug-2032 - - - - - -
Sep-2032 - - - - - -
Oct-2032 - - - - - -
Nov-2032 - - - - - -
Dec-2032 - - - - - -
Jan-2033 - - - - - -
Feb-2033 - - - - - -
Page 56 of 64
Cash Flow Projections - Repayment Schedule - Finance Leases

Repayment Term 4.0
Interest Only No
Month
Feb-2020 - 425,000 - - - 425,000
Mar-2020 425,000 - 11,088 4,073 7,015 417,985
Apr-2020 417,985 - 11,088 4,006 7,082 410,903
May-2020 410,903 - 11,088 3,938 7,150 403,753
Jun-2020 403,753 - 11,088 3,869 7,219 396,534
Jul-2020 396,534 - 11,088 3,800 7,288 389,247
Aug-2020 389,247 - 11,088 3,730 7,358 381,889
Sep-2020 381,889 - 11,088 3,660 7,428 374,461
Oct-2020 374,461 - 11,088 3,589 7,499 366,962
Nov-2020 366,962 - 11,088 3,517 7,571 359,391
Dec-2020 359,391 - 11,088 3,444 7,644 351,747
Jan-2021 351,747 - 11,088 3,371 7,717 344,030
Feb-2021 344,030 - 11,088 3,297 7,791 336,239
Mar-2021 336,239 - 11,088 3,222 7,866 328,374
Apr-2021 328,374 - 11,088 3,147 7,941 320,433
May-2021 320,433 - 11,088 3,071 8,017 312,416
Jun-2021 312,416 - 11,088 2,994 8,094 304,322
Jul-2021 304,322 - 11,088 2,916 8,171 296,151
Aug-2021 296,151 - 11,088 2,838 8,250 287,901
Sep-2021 287,901 - 11,088 2,759 8,329 279,572
Oct-2021 279,572 - 11,088 2,679 8,409 271,163
Nov-2021 271,163 - 11,088 2,599 8,489 262,674
Dec-2021 262,674 - 11,088 2,517 8,571 254,104
Jan-2022 254,104 - 11,088 2,435 8,653 245,451
Feb-2022 245,451 - 11,088 2,352 8,736 236,716
Mar-2022 236,716 - 11,088 2,269 8,819 227,896
Apr-2022 227,896 - 11,088 2,184 8,904 218,992
May-2022 218,992 - 11,088 2,099 8,989 210,003
Jun-2022 210,003 - 11,088 2,013 9,075 200,928
Jul-2022 200,928 - 11,088 1,926 9,162 191,766
Aug-2022 191,766 - 11,088 1,838 9,250 182,516
Sep-2022 182,516 - 11,088 1,749 9,339 173,177
Oct-2022 173,177 - 11,088 1,660 9,428 163,749
Nov-2022 163,749 - 11,088 1,569 9,519 154,230
Dec-2022 154,230 - 11,088 1,478 9,610 144,620
Jan-2023 144,620 - 11,088 1,386 9,702 134,918
Feb-2023 134,918 - 11,088 1,293 9,795 125,124
Mar-2023 125,124 - 11,088 1,199 9,889 115,235
Apr-2023 115,235 - 11,088 1,104 9,983 105,251
May-2023 105,251 - 11,088 1,009 10,079 95,172
Jun-2023 95,172 - 11,088 912 10,176 84,996
Jul-2023 84,996 - 11,088 815 10,273 74,723
Aug-2023 74,723 - 11,088 716 10,372 64,351
Sep-2023 64,351 - 11,088 617 10,471 53,880
Oct-2023 53,880 - 11,088 516 10,571 43,309
Page 57 of 64

Repayment Term 4.0
Interest Only No
Month
Nov-2023 43,309 - 11,088 415 10,673 32,636
Dec-2023 32,636 - 11,088 313 10,775 21,861
Jan-2024 21,861 - 11,088 210 10,878 10,983
Feb-2024 10,983 - 11,088 105 10,983 -
Mar-2024 - - - - - -
Apr-2024 - - - - - -
May-2024 - - - - - -
Jun-2024 - - - - - -
Jul-2024 - - - - - -
Aug-2024 - - - - - -
Sep-2024 - - - - - -
Oct-2024 - - - - - -
Nov-2024 - - - - - -
Dec-2024 - - - - - -
Jan-2025 - - - - - -
Feb-2025 - - - - - -
Mar-2025 - - - - - -
Apr-2025 - - - - - -
May-2025 - - - - - -
Jun-2025 - - - - - -
Jul-2025 - - - - - -
Aug-2025 - - - - - -
Sep-2025 - - - - - -
Oct-2025 - - - - - -
Nov-2025 - - - - - -
Dec-2025 - - - - - -
Jan-2026 - - - - - -
Feb-2026 - - - - - -
Mar-2026 - - - - - -
Apr-2026 - - - - - -
May-2026 - - - - - -
Jun-2026 - - - - - -
Jul-2026 - - - - - -
Aug-2026 - - - - - -
Sep-2026 - - - - - -
Oct-2026 - - - - - -
Nov-2026 - - - - - -
Dec-2026 - - - - - -
Jan-2027 - - - - - -
Feb-2027 - - - - - -
Mar-2027 - - - - - -
Apr-2027 - - - - - -
May-2027 - - - - - -
Jun-2027 - - - - - -
Jul-2027 - - - - - -
Page 58 of 64

Repayment Term 4.0
Interest Only No
Month
Aug-2027 - - - - - -
Sep-2027 - - - - - -
Oct-2027 - - - - - -
Nov-2027 - - - - - -
Dec-2027 - - - - - -
Jan-2028 - - - - - -
Feb-2028 - - - - - -
Mar-2028 - - - - - -
Apr-2028 - - - - - -
May-2028 - - - - - -
Jun-2028 - - - - - -
Jul-2028 - - - - - -
Aug-2028 - - - - - -
Sep-2028 - - - - - -
Oct-2028 - - - - - -
Nov-2028 - - - - - -
Dec-2028 - - - - - -
Jan-2029 - - - - - -
Feb-2029 - - - - - -
Mar-2029 - - - - - -
Apr-2029 - - - - - -
May-2029 - - - - - -
Jun-2029 - - - - - -
Jul-2029 - - - - - -
Aug-2029 - - - - - -
Sep-2029 - - - - - -
Oct-2029 - - - - - -
Nov-2029 - - - - - -
Dec-2029 - - - - - -
Jan-2030 - - - - - -
Feb-2030 - - - - - -
Mar-2030 - - - - - -
Apr-2030 - - - - - -
May-2030 - - - - - -
Jun-2030 - - - - - -
Jul-2030 - - - - - -
Aug-2030 - - - - - -
Sep-2030 - - - - - -
Oct-2030 - - - - - -
Nov-2030 - - - - - -
Dec-2030 - - - - - -
Jan-2031 - - - - - -
Feb-2031 - - - - - -
Mar-2031 - - - - - -
Apr-2031 - - - - - -
Page 59 of 64

Repayment Term 4.0
Interest Only No
Month
May-2031 - - - - - -
Jun-2031 - - - - - -
Jul-2031 - - - - - -
Aug-2031 - - - - - -
Sep-2031 - - - - - -
Oct-2031 - - - - - -
Nov-2031 - - - - - -
Dec-2031 - - - - - -
Jan-2032 - - - - - -
Feb-2032 - - - - - -
Mar-2032 - - - - - -
Apr-2032 - - - - - -
May-2032 - - - - - -
Jun-2032 - - - - - -
Jul-2032 - - - - - -
Aug-2032 - - - - - -
Sep-2032 - - - - - -
Oct-2032 - - - - - -
Nov-2032 - - - - - -
Dec-2032 - - - - - -
Jan-2033 - - - - - -
Feb-2033 - - - - - -
Page 60 of 64
Example (Pty) Limited Report Period Feb-2021
Management Report - Forecast vs Actual YTD - Months 12 0
© www.excel-skills.com Month Year-to-Date
Income Statement Forecast Actual Difference Diff % Forecast Actual Difference Diff %
Product Sales 305,200 329,006 23,806 7.8% 3,662,300 4,002,051 339,751 9.3%
Income From Services 131,200 141,434 10,234 7.8% 1,535,100 1,720,467 185,367 12.1%
Total Turnover 436,400 470,439 34,039 7.8% 5,197,400 5,722,518 525,118 10.1%
Products 195,328 204,312 (8,984) (4.6%) 2,362,230 2,564,569 (202,339) (8.6%)
Services - - - - - - - -
Total Cost of Sales 195,328 204,312 (8,984) (4.6%) 2,362,230 2,564,569 (202,339) (8.6%)
Products 109,872 124,693 14,821 13.5% 1,300,070 1,437,482 137,412 10.6%
Services 131,200 141,434 10,234 On
On this
7.8% this sheet:
sheet:
1,535,100 1,720,467 185,367 12.1%
Total Gross Profit 241,072 This
This unique
266,127management
unique management report
report enables
25,055 enables users
users to
10.4% to compare
2,835,170 the
compare the actual
actual account
account balances
3,157,949 balances to
to the
322,779 the 11.4%
Products 36.0% forecast account
account balances
forecast37.9% 1.9%by
balances by simply
simply selecting
selecting the
the appropriate
appropriate
35.5% monthly
monthly period
35.9%period at
at the
the top
top of
40.4% of
Services 100.0% the
the sheet.
sheet. The
The report
100.0% report includes
0.0% aa detailed
includes detailed income
income statement,
100.0% cash
statement, cash flow
flow statement
statement and
100.0% balance
and100.0%
balance
Gross Profit % 55.2%
sheet
sheet and
and can
can be
56.6% be used to
to compare
used1.3% compare the
the monthly
monthly and year-to-date
year-to-date account
and 54.5% account balances.
55.2% balances.
All
All the
61.5% the
Other Income 500
calculations
calculations on this sheet are automated and
500 on this sheet -are automated and -
no
no user
user input
input aside
6,000 aside from selecting
selecting the
from6,000 the period
period
-
is
is -
Operating Expenses
required
required on
on this
this sheet.
sheet.
Accounting Fees 2,000 1,950 50 2.5% 24,000 23,400 600 2.5%
Advertising & Marketing 5,000 3,980 1,020 20.4% 131,000 108,698 22,302 17.0%
Bank Charges 250 180 70 28.0% 3,000 2,160 840 28.0%
Cleaning Expenses 860 - 860 100.0% 9,420 8,050 1,370 14.5%
Computer Expenses 4,200 - 4,200 100.0% 8,000 9,060 (1,060) (13.3%)
Consumables - - - - 5,289 2,537 2,752 52.0%
Electricity & Water 1,200 1,420 (220) (18.3%) 13,400 16,890 (3,490) (26.0%)
Entertainment - - - - 12,000 13,420 (1,420) (11.8%)
Equipment Hire - - - - 18,000 14,400 3,600 20.0%
Insurance 2,300 2,500 (200) (8.7%) 25,800 26,700 (900) (3.5%)
Legal Fees - - - - 74,000 63,540 10,460 14.1%
Motor Vehicle Expenses - - - - 1,800 2,102 (302) (16.8%)
Postage 100 - 100 100.0% 1,200 1,200 - -
Printing & Stationery 300 1,211 (911) (303.7%) 3,600 3,031 569 15.8%
Professional Fees - - - - 32,000 28,200 3,800 11.9%
Rent 22,000 20,000 2,000 9.1% 244,000 240,000 4,000 1.6%
Repairs & Maintenance - - - - 5,880 7,510 (1,630) (27.7%)
Security 325 389 (64) (19.7%) 3,900 4,668 (768) (19.7%)
Subscriptions - - - - 3,200 3,200 - -
Telephone & Fax 2,510 2,539 (29) (1.2%) 30,120 30,436 (316) (1.0%)
Training - - - - 12,000 11,200 800 6.7%
Uniforms - - - - 2,530 2,536 (6) (0.2%)
Total Operating Expenses 41,045 34,169 6,876 16.8% 664,139 622,938 41,201 6.2%
Staff Costs
Salaries 70,000 70,000 - - 840,000 840,000 - -
Wages 30,000 27,250 2,750 9.2% 360,000 327,000 33,000 9.2%
Total Staff Costs 100,000 97,250 2,750 2.8% 1,200,000 1,167,000 33,000 2.8%
Depreciation 19,000 19,000 - - 188,000 184,000 4,000 2.1%
Amortization 1,000 1,000 - - 12,000 12,000 - -
Total Depreciation & Amortization 20,000 20,000 - - 200,000 196,000 4,000 2.0%
Profit / (Loss) before interest & tax 80,527 115,208 34,681 43.1% 777,031 1,178,011 400,980 51.6%
Interest Paid
Interest - Loans 1 9,684 10,661 (977) (10.1%) 119,650 131,520 (11,870) (9.9%)
Interest - Loans 2 4,280 4,787 (507) (11.9%) 49,684 50,990 (1,306) (2.6%)
Interest - Loans 3 2,470 2,756 (286) (11.6%) 4,970 2,756 2,214 44.5%
Interest - Leases 3,297 3,598 (301) (9.1%) 44,293 48,234 (3,941) (8.9%)
Total Interest Paid 19,730 21,802 (2,072) (10.5%) 218,597 233,501 (14,904) (6.8%)
Profit / (Loss) before tax 60,797 93,405 32,609 53.6% 558,434 944,510 386,076 69.1%
Taxation 17,023 26,014 (8,990) (52.8%) 156,362 262,783 (106,421) (68.1%)
Profit / (Loss) for the year 43,774 67,392 23,618 54.0% 402,072 681,727 279,655 69.6%
Dividends - 68,172 (68,172) (100.0%) - 68,172 (68,172) (100.0%)
Retained earnings for the year 43,774 (780) (44,554) (101.8%) 402,072 613,555 211,483 52.6%
Profit / (Loss) % 10.0% 14.3% 4.3% 7.7% 11.9% 4.2%
Page 61 of 64
Page 62 of 64
Month Year-to-Date
Cash Flow Statement Forecast Actual Difference Diff % Forecast Actual Difference Diff %
Profit / (Loss) for the year 43,774 67,392 23,618 54.0% 402,072 681,727 279,655 69.6%
Interest 19,730 21,802 2,072 10.5% 218,597 233,501 14,904 6.8%
Taxation 17,023 26,014 8,990 52.8% 156,362 262,783 106,421 68.1%
Depreciation 19,000 19,000 - - 188,000 184,000 (4,000) (2.1%)
Amortization 1,000 1,000 - - 12,000 12,000 - -
Reserves - 10,000 10,000 (100.0%) - 10,000 10,000 (100.0%)
Changes in operating assets & liabilities - -
Inventory (4,220) 15,000 19,220 455.5% (38,979) 10,000 48,979 125.7%
Trade Receivables (16,283) 29,406 45,689 280.6% (78,089) 70,300 148,389 190.0%
Loans & Advances - - - - - 25,000 25,000 (100.0%)
Other Receivables - - - - - 3,000 3,000 (100.0%)
Trade Payables 4,272 (21,258) (25,530) (597.6%) 38,773 5,019 (33,755) (87.1%)
Sales Tax 30,004 (21,944) (51,949) (173.1%) 46,580 11,004 (35,576) (76.4%)
Payroll Accruals - - - - - 5,000 5,000 (100.0%)
Other Accruals 60,000 75,000 15,000 25.0% 5,000 20,000 15,000 300.0%
Other Provisions 30,000 57,500 27,500 91.7% (12,000) 15,500 27,500 229.2%
Cash generated from operations 204,300 278,912 74,611 36.5% 938,316 1,548,833 610,517 65.1%
Interest paid (19,730) (21,802) (2,072) (10.5%) (218,597) (233,501) (14,904) (6.8%)
Taxation paid (81,714) (137,197) (55,483) (67.9%) (156,362) (262,783) (106,421) (68.1%)
Net cash from operating activities 102,856 119,913 17,057 16.6% 563,358 1,052,550 489,192 86.8%
Purchases of property, plant & equipment - (245,000) (245,000) (100.0%) (240,000) (245,000) (5,000) (2.1%)
Purchases of intangible assets - - - - - - - -
Purchases of investments - - - - - - - -
Net cash used in investing activities - (245,000) (245,000) (100.0%) (240,000) (245,000) (5,000) (2.1%)
Proceeds from shareholders' contributions - - - - - - - -
Dividends paid - - - - - - - -
Proceeds from loans 1 - - - - - - - -
Proceeds from loans 2 - - - - 100,000 100,000 - -
Proceeds from loans 3 - 245,000 245,000 (100.0%) 240,000 245,000 5,000 2.1%
Proceeds from finance leases - - - - - - - -
Repayment of loans 1 (6,341) (6,039) 302 4.8% (72,646) (68,883) 3,763 5.2%
Repayment of finance leases (7,791) (7,699) 92 1.2% (88,761) (87,324) 1,437 1.6%
Net cash from financing activities (21,650) 223,984 245,634 1,134.6% 123,420 142,000 18,580 15.1%
Increase / (Decrease) in cash equivalents 81,207 98,897 17,690 21.8% 446,778 949,550 502,772 112.5%
Cash & cash equivalents at beginning of year 536,571 1,021,653 485,082 90.4% 171,000 171,000 - -
Cash & cash equivalents at end of year 617,778 1,120,550 502,772 81.4% 617,778 1,120,550 502,772 81.4%
Page 63 of 64
Month Year-to-Date
Balance Sheet Forecast Actual Difference Diff % Forecast Actual Difference Diff %
ASSETS
Non-Current Assets
Property, Plant & Equipment 1,102,000 1,111,000 9,000 0.8% 1,102,000 1,111,000 9,000 0.8%
Intangible Assets 108,000 108,000 - - 108,000 108,000 - -
Investments 800,000 800,000 - - 800,000 800,000 - -
2,010,000 2,019,000 9,000 2,010,000 2,019,000 9,000
Current Assets
Inventory 208,979 160,000 (48,979) (23.4%) 208,979 160,000 (48,979) (23.4%)
Trade Receivables 448,089 299,700 (148,389) (33.1%) 448,089 299,700 (148,389) (33.1%)
Loans & Advances 55,000 30,000 (25,000) (45.5%) 55,000 30,000 (25,000) (45.5%)
Other Receivables 53,000 50,000 (3,000) (5.7%) 53,000 50,000 (3,000) (5.7%)
Cash & Cash Equivalents 617,778 1,120,550 502,772 81.4% 617,778 1,120,550 502,772 81.4%
1,382,846 1,660,250 277,404 20.1% 1,382,846 1,660,250 277,404 20.1%
Total Assets 3,392,846 3,679,250 286,404 8.4% 3,392,846 3,679,250 286,404 8.4%
Equity
Shareholders' Contributions 1,000 1,000 - - 1,000 1,000 - -
Reserves - 10,000 10,000 (100.0%) - 10,000 10,000 (100.0%)
Retained Earnings 802,072 1,013,555 211,483 26.4% 802,072 1,013,555 211,483 26.4%
803,072 1,024,555 221,483 27.6% 803,072 1,024,555 221,483 27.6%
Long Term Loans 1 1,127,354 1,131,117 3,763 0.3% 1,127,354 1,131,117 3,763 0.3%
Long Term Loans 2 550,656 556,088 5,432 1.0% 550,656 556,088 5,432 1.0%
Long Term Loans 3 234,171 242,119 7,948 3.4% 234,171 242,119 7,948 3.4%
Finance Leases 336,239 337,676 1,437 0.4% 336,239 337,676 1,437 0.4%
2,248,420 2,267,000 18,580 0.8% 2,248,420 2,267,000 18,580 0.8%
Current Liabilities
Bank Overdraft - - - - - - - -
Trade Payables 168,773 135,019 (33,755) (20.0%) 168,773 135,019 (33,755) (20.0%)
Sales Tax 62,580 27,004 (35,576) (56.8%) 62,580 27,004 (35,576) (56.8%)
Payroll Accruals 20,000 25,000 5,000 25.0% 20,000 25,000 5,000 25.0%
Other Accruals 60,000 75,000 15,000 25.0% 60,000 75,000 15,000 25.0%
Provision For Taxation - - - - - - - -
Dividends Payable - 68,172 68,172 (100.0%) - 68,172 68,172 (100.0%)
Other Provisions 30,000 57,500 27,500 91.7% 30,000 57,500 27,500 91.7%
341,353 387,694 46,341 13.6% 341,353 387,694 46,341 13.6%
Total Equity & Liabilities 3,392,846 3,679,250 286,404 8.4% 3,392,846 3,679,250 286,404 8.4%
Page 64 of 64

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Excel Skills | Monthly Cash Flow Template | Forecast vs Actual

The template includes the following sheets:

Business Name & Reporting Periods

Cash Flow Forecast

Turnover & Gross Profits

Depreciation & Amortization

Current Assets - Inventory

Current Assets - Trade Receivables

Current Assets - Loans & Advances, Other Receivables

Current Assets - Cash & Cash Equivalents

Equity - Shareholders Contributions, Reserves

Equity - Retained Earnings

Non-Current Liabilities - Loans 1 to 3, Leases

Current Liabilities - Bank Overdraft

Current Liabilities - Trade Payables

Current Liabilities - Sales Tax

Current Liabilities - Payroll Accruals

Current Liabilities - Other Accruals, Other Provisions

Current Liabilities - Provision for Taxation

Current Liabilities - Dividends Payable

Forecast Balance Sheet Errors

Balance Sheet Workings

Cash Flow Statement

Loan Amortization Tables (Loans1 to Loans3 & Leases sheets)

Cash Flow Statement

Help & Customization

Financial Assumptions - Income Statement

Financial Assumptions - Balance Sheet

ash flow statement. Red codes

Days in month 31 30 31 30 31 31 30 31 30 31 31 28 365

Days in month 31 30 31 30 31 31 30 31 30 31 31 28 365

Days in month 31 30 31 30 31 31 30 31 30 31 31 28 365

Interest Rate 10.25%

Interest Rate 10.25%

Interest Rate 10.25%

Interest Rate 9.25%

Interest Rate 9.25%

Interest Rate 9.25%

Interest Rate 9.25%

Interest Rate 12.50%

Interest Rate 12.50%

Interest Rate 12.50%

Interest Rate 12.50%

Interest Rate 11.50%

Interest Rate 11.50%

Interest Rate 11.50%

Interest Rate 11.50%

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