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    5TH Requirement-Management Reports As of December 31, 2020 (Minglana - Surf - Resort - )

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    Mitch Tokong Minglana
    The Minglana Surf Resort had a cash deficit of $114,508 in December 2020 compared to a surplus of $65,200 in November. Income was $858,587 with a gross profit of the same, but expenses increased over 5000% to $567,543, leading to a profit of $291,944. The number of invoices issued increased 600% from November while average invoice values rose 259.4%. Despite higher sales and profits, current assets to liabilities only increased 131.2% and the short term cash forecast fell 66.6% compared to November.

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    5TH Requirement-Management Reports As of December 31, 2020 (Minglana - Surf - Resort - )

    Uploaded by

    Mitch Tokong Minglana
    13 views1 page
    The Minglana Surf Resort had a cash deficit of $114,508 in December 2020 compared to a surplus of $65,200 in November. Income was $858,587 with a gross profit of the same, but expenses increased over 5000% to $567,543, leading to a profit of $291,944. The number of invoices issued increased 600% from November while average invoice values rose 259.4%. Despite higher sales and profits, current assets to liabilities only increased 131.2% and the short term cash forecast fell 66.6% compared to November.

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    5TH REQUIREMENT-MANAGEMENT REPORTS AS OF DECEMBER 31, 2020(MINGLANA_SURF_RESORT_)

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    The Minglana Surf Resort had a cash deficit of $114,508 in December 2020 compared to a surplus of $65,200 in November. Income was $858,587 with a gross profit of the same, but expenses increased over 5000% to $567,543, leading to a profit of $291,944. The number of invoices issued increased 600% from November while average invoice values rose 259.4%. Despite higher sales and profits, current assets to liabilities only increased 131.2% and the short term cash forecast fell 66.6% compared to November.

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    © All Rights Reserved
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    13 views1 page

    5TH Requirement-Management Reports As of December 31, 2020 (Minglana - Surf - Resort - )

    Uploaded by

    Mitch Tokong Minglana
    The Minglana Surf Resort had a cash deficit of $114,508 in December 2020 compared to a surplus of $65,200 in November. Income was $858,587 with a gross profit of the same, but expenses increased over 5000% to $567,543, leading to a profit of $291,944. The number of invoices issued increased 600% from November while average invoice values rose 259.4%. Despite higher sales and profits, current assets to liabilities only increased 131.2% and the short term cash forecast fell 66.6% compared to November.

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    of 1

    Executive Summary

    MINGLANA SURF RESORT 


    For the month of December 2020 
    Dec 2020 Nov 2020 Variance

    Cash 
    Cash received 964,005 65,200 1378.5%
    Cash spent 1,078,513 - 0.0%
    Cash surplus (deficit) (114,508) 65,200 -275.6%
    Closing bank balance (49,308) 65,200 -175.6%

    Profitability 
    Income 858,587 - 0.0%
    Direct costs - - 0.0%
    Gross profit (loss) 858,587 - 0.0%
    Other Income 900 - 0.0%
    Expenses 567,543 10,930 5092.5%
    Profit (loss) 291,944 (10,930) 2771.0%

    Balance Sheet 
    Debtors 28,261 31,950 -11.5%
    Creditors 18,498 2,755 571.4%
    Net assets 439,989 152,045 189.4%

    Income 
    Number of invoices issued 7.0 1.0 600.0%
    Average value of invoices 114,841 31,950 259.4%

    Performance 
    Gross profit margin 100.0% 0.0%
    Net profit margin 34.0% 0.0%
    Return on investment (p.a.) 796.2% -86.3% 1023.0%

    Position 
    Average debtors days 1.0 0.0 0.0%
    Average creditors days 1.0 7.6 -86.6%
    Short term cash forecast 9,763 29,195 -66.6%
    Current assets to liabilities 81.5 35.3 131.2%
    Term assets to liabilities 0.0%

    Executive Summary  |  MINGLANA SURF RESORT  |  8 January 2021   Page 1 of 1

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