INVESTMENT PAYBACK

0 YEAR "N" YEAR "N+1" YEAR "N+2"

INVESTMENT € 2,500,000.00
GENERATED FLOWS € 24,000.00 -€ 166,475.00 € 4,675.00 € 653,289.00

ACCUMULATED FLOWS € 0.00 -€ 166,475.00 -€ 161,800.00 € 491,489.00

PROFIT PER MONTH YEAR "N+2” € 54,440.75

PROFIT YEAR "N+2" € 491,489.00 IN MONTHS 24
CORRESPONDING FLOW YEAR N+2 € 2,008,511.00 IN MONTHS 36.89

INVESTMENT PAYBACK 60.89 NUMBER OF MONTHS TO RECOVER THE INVESTMENT

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 CASHFLOW ELORA DESING

Concept Year "N" Year "N+1" Year "N+2"

Available Cash € 224,000.00 € 58,125.00 € 106,843.75

Charges € 124,600.00 € 574,000.00 € 1,574,000.00
Payments € 291,075.00 € 569,325.00 € 920,711.00
Net Cash-Flow -€ 166,475.00 € 4,675.00 € 653,289.00

OPERATIVE CASH-FLOW
Sales € 124,600.00 € 574,000.00 € 1,574,000.00
Salaries € 165,000.00 € 295,000.00 € 485,000.00
Social Contributions payable by employer € 58,800.00 € 104,300.00 € 170,800.00
Customers € 59,775.00 € 132,025.00 € 139,911.00
Rents € 6,000.00 € 13,000.00 € 25,000.00
Profit Tax € 0.00 -€ 44,043.75 -€ 2,343.75
Other Taxes € 900.00 € 25,000.00 € 100,000.00
Small Investments € 0.00 € 0.00 € 0.00
Sales by fixed asset € 0.00 € 0.00 € 0.00
TOTAL CASH FLOW YEAR -€ 165,875.00 € 48,718.75 € 655,632.75

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 Total

€ 1,044,601.50
€ 2,272,600.00
€ 1,781,111.00
€ 491,489.00

€ 2,272,600.00
€ 945,000.00
€ 333,900.00
€ 331,711.00
€ 44,000.00
-€ 46,387.50
€ 125,900.00
€ 0.00
€ 0.00
€ 538,476.50

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 INVESTMENT VNA / IRR

YEAR GENERATED FLOW TIR 25.62%

INVESTMENT -€ 200,000.00 VAN € 356,525.40
YEAR "N" -€ 166,475.00
YEAR "N+1" € 4,675.00
YEAR "N+2" € 653,289.00

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 ELORA DESIGN
YEAR "N" 202X

SALES € 124,000.00 100.00%

LinkinCards € 0.00 0.00%
Learn to Read Game € 0.00 0.00%
iMoles € 100,000.00 80.65%
Training Courses € 24,000.00 19.35%

VARIABLE COSTS € 22,000.00 17.74%

Research € 40,000.00 32.26%
Download Cost € 0.00 0.00%
Training Cost € 12,000.00 9.68%
Travel & Hospitality Cost € 10,000.00 8.06%

GENERAL RANGE € 102,000.00 82.26%

STRUCTURAL COSTS € 264,500.00 213.31%

Office Rent € 6,000.00 4.84%
Software Maintenance € 600.00 0.48%
Reparation & Conservation € 0.00 0.00%
Supplies Management € 1,500.00 1.21%
AdWords Campaigns € 12,000.00 9.68%
Web & Social Media € 6,000.00 4.84%
Personal Earnings € 130,000.00 104.84%
Peronal Taxes € 45,500.00 36.69%
CEO´s Earnings € 35,000.00 28.23%
CEO´s Taxes € 13,300.00 10.73%
Insurance € 3,500.00 2.82%
Advisory & Lawyers € 3,000.00 2.42%
Cash Box € 3,600.00 2.90%
Taxes € 1,500.00 1.21%
Others Costs € 3,000.00 2.42%

EBITDA -€ 162,500.00 -131.05%

Depreciations € 9,000.00 4.84%

Hardware € 6,000.00 4.84%
Facilities € 1,500.00 1.21%
Software € 1,500.00 1.21%

EBIT -€ 171,500.00 -138.31%

Financial Cost € 4,325.00 3.49%

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 Interesting Cost € 1,625.00 1.31%
Banking Services € 2,200.00 1.77%
Other Financial Cost € 500.00 0.40%

FINANCIAL & EXTRAORDINARY INCOMES € 350.00 0.28%

Extraordinary Cost € 250.00 0.20%

Extraordinary Income € 600.00 0.48%

EARNING BEFORE TAXES (EBT) -€ 176,175.00 -142.08%

TAXES -€ 44,043.75 -35.52%

Taxes -€ 44,043.75 -35.52%

NOP -€ 132,131.25 -106.56%

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 ELORA DESIGN E
YEAR "N+1" 202X YEA

SALES € 574,000.00 100.00% SALES

LinkinCards € 0.00 0.00% LinkinCards
Learn to Read Game € 0.00 0.00% Learn to Read Gam
iMoles € 550,000.00 95.82% iMoles
Training Courses € 24,000.00 4.18% Training Courses

VARIABLE COSTS € 69,350.00 12.08% VARIABLE COST

Research € 60,000.00 10.45% Research
Download Cost € 7,350.00 1.28% Download Cost
Training Cost € 12,000.00 2.09% Training Cost
Travel & Hospitality Cost € 50,000.00 8.71% Travel & Hospitality

GENERAL RANGE € 504,650.00 87.92% GENERAL RANG

STRUCTURAL COSTS € 495,400.00 86.31% STRUCTURAL COS

Office Rent € 13,000.00 2.26% Office Rent
Software Maintenance € 1,500.00 0.26% Software Maintenan
Reparation & Conservation € 1,500.00 0.26% Reparation & Conserv
Supplies Management € 1,500.00 0.26% Supplies Managem
AdWords Campaigns € 24,000.00 4.18% AdWords Campaig
Web & Social Media € 10,000.00 1.74% Web & Social Med
Personal Earnings € 260,000.00 45.30% Personal Earning
Peronal Taxes € 91,000.00 15.85% Peronal Taxes
CEO´s Earnings € 35,000.00 6.10% CEO´s Earnings
CEO´s Taxes € 13,300.00 2.32% CEO´s Taxes
Insurance € 5,000.00 0.87% Insurance
Advisory & Lawyers € 5,000.00 0.87% Advisory & Lawye
Cash Box € 3,600.00 0.63% Cash Box
Taxes € 25,000.00 4.36% Taxes
Others Costs € 6,000.00 1.05% Others Costs

EBITDA € 9,250.00 1.61% EBITDA

Depreciations € 13,350.00 1.57% Depreciations

Hardware € 9,000.00 1.57% Hardware
Facilities € 2,000.00 0.35% Facilities
Software € 2,350.00 0.41% Software

EBIT -€ 4,100.00 -0.71% EBIT

Financial Cost € 4,325.00 0.75% Financial Cost

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 Interesting Cost € 1,625.00 0.28% Interesting Cost
Banking Services € 2,200.00 0.38% Banking Services
Other Financial Cost € 500.00 0.09% Other Financial Co

FINANCIAL & EXTRAORDINARY INCOMES € 950.00 0.17% FINANCIAL & EXTRAORDINA

Extraordinary Cost € 250.00 0.04% Extraordinary Cos

Extraordinary Income € 1,200.00 0.21% Extraordinary Incom

EARNING BEFORE TAXES (EBT) -€ 9,375.00 -1.63% EARNING BEFORE TAX

TAXES -€ 2,343.75 -0.41% TAXES

Taxes -€ 2,343.75 -0.41% Taxes

NOP -€ 7,031.25 -1.22% NOP

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 ELORA DESIGN
YEAR "N+2" 202X

SALES € 1,574,000.00 100.00%

LinkinCards € 0.00 0.00%
Learn to Read Game € 0.00 0.00%
iMoles € 1,550,000.00 98.48%
Training Courses € 24,000.00 1.52%

VARIABLE COSTS € 70,736.00 4.49%

Research € 60,000.00 3.81%
Download Cost € 8,736.00 0.56%
Training Cost € 12,000.00 0.76%
Travel & Hospitality Cost € 50,000.00 3.18%

GENERAL RANGE € 1,503,264.00 95.51%

STRUCTURAL COSTS € 845,400.00 53.71%

Office Rent € 25,000.00 1.59%
Software Maintenance € 3,000.00 0.19%
Reparation & Conservation € 1,500.00 0.10%
Supplies Management € 1,500.00 0.10%
AdWords Campaigns € 24,000.00 1.52%
Web & Social Media € 10,000.00 0.64%
Personal Earnings € 450,000.00 28.59%
Peronal Taxes € 157,500.00 10.01%
CEO´s Earnings € 35,000.00 2.22%
CEO´s Taxes € 13,300.00 0.84%
Insurance € 6,000.00 0.38%
Advisory & Lawyers € 5,000.00 0.32%
Cash Box € 3,600.00 0.23%
Taxes € 100,000.00 6.35%
Others Costs € 10,000.00 0.64%

EBITDA € 657,864.00 41.80%

Depreciations € 21,500.00 0.95%

Hardware € 15,000.00 0.95%
Facilities € 3,000.00 0.19%
Software € 3,500.00 0.22%

EBIT € 636,364.00 40.43%

Financial Cost € 4,325.00 0.27%

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 Interesting Cost € 1,625.00 0.10%
Banking Services € 2,200.00 0.14%
Other Financial Cost € 500.00 0.03%

FINANCIAL & EXTRAORDINARY INCOMES € 950.00 0.06%

Extraordinary Cost € 250.00 0.02%

Extraordinary Income € 1,200.00 0.08%

EARNING BEFORE TAXES (EBT) € 631,089.00 40.09%

TAXES € 157,772.25 10.02%

Taxes € 157,772.25 10.02%

NOP € 473,316.75 30.07%

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 BREAKEVEN INVESTMENT ELORA

YEAR BREAKEVEN MONTH

N € 277,486.36 26.85
N+1 € 513,102.02 10.73
N+2 € 874,250.26 6.67

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 YEAR "N" RAMP-UP

MONTHS INCOMES EXPENSES INCOMES ACCUMULATED EXPENSES ACCUMULATED

1 4,960.00 20,375.25 4,960.00 20,375.25
2 5,580.00 20,375.25 10,540.00 40,750.50
3 5,952.00 21,830.63 16,492.00 62,581.13
4 7,440.00 21,830.63 23,932.00 84,411.75
5 9,920.00 23,286.00 33,852.00 107,697.75
6 11,160.00 24,013.69 45,012.00 131,711.44
7 11,780.00 26,196.75 56,792.00 157,908.19
8 11,160.00 26,633.36 67,952.00 184,541.55
9 13,640.00 27,652.13 81,592.00 212,193.68
10 24,648.32 29,107.50 106,240.32 241,301.18
11 24,958.32 29,107.50 131,198.64 270,408.68
12 33,961.84 23,103.04 165,160.48 293,511.72
124,000.00 291,075.00

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