Instructions.

Please read all the instructions first

Enter data only in cells which are coloured yellow. Do not enter data in the cells which are not coloured, they contain formu
You can change the value in any yellow cells, even if the yellow cell contains a formula
Cells like this one with a red indicator on top right corner have comments. Hover your mouse on the cell to see the commen
As you are filling all the cells coloured yellow, all the financial statements in other worksheets will be automatically updatin
You can change/edit all the text
Items which start with "other" eg "Other Monthly Operating expenses 1" are for you to edit and add more expenses which
Do not delete any rows on this sheet, that will affect the formulas
Ensure that you have reviewed data in all the yellow cells for accurate financial statements.
You can not edit the information in the other worksheets. The worksheets are locked to protect the formulas. The informati
After entering all the information required in this sheet, all the financial statements in the other sheets will be automaticall
You can then copy the financial statements which you want (from the other sheets) into a new Excel workbook where you w
PASSWORD: We don’t encourage you to tamper with the formulas in the other worksheets. However, if you want to unlock

Revenue Forecasts Year 1 Year 2 Year 3

Number of Hectares per year 6 8 10
Plant Population/Hectare (plants) 14,000 14,000 14,000
Yield Per Plant (KG) 5.0 5.0 5.0
Yield Per Hectare (KG) 70,000 70,000 70,000
Total Production (KG) 420,000 560,000 700,000
Selling Price/KG R6.00 R6.00 R6.00

Inputs Costs Forecasts Calculator

Quantity per
Item Units hectare Hectares
Tomato Seeds (per 1000 seedlings) 15 6
Fertilizer (KG) 2500 6
Manure (KG) 30000 6
Trellising Poles & Wiring (per set) 1 6
Herbicides (Litres) 40 6
Pesticides & Fungicides (Litres) 100 6
Labour (days) 600 6
Diesel (Litres) 650 6
Machinery Hire 5 6
Irrigation Cost 1 6
Transport to market 1 6
Packaging Material 4,667 6
Other Inputs Costs 1 : 0 6

Inputs Costs Forecasts per year Year 1 Year 2 Year 3

Tomato Seeds R63,000.00 R84,000.00 R105,000.00
Fertilizer R120,000.00 R160,000.00 R200,000.00
Manure R36,000.00 R48,000.00 R60,000.00
Trellising Poles & Wiring R102,000.00 R136,000.00 R170,000.00
Herbicides R72,000.00 R96,000.00 R120,000.00
Pesticides & Fungicides R60,000.00 R80,000.00 R100,000.00
Labour R288,000.00 R384,000.00 R480,000.00
Diesel R59,670.00 R79,560.00 R99,450.00
Machinery Hire R45,000.00 R60,000.00 R75,000.00
Irrigation Cost R18,000.00 R24,000.00 R30,000.00
Transport to market R60,000.00 R80,000.00 R100,000.00
Packaging Material R84,000.00 R112,000.00 R140,000.00
Other Inputs Costs 1 : R0.00 R0.00 R0.00
Total Inputs Costs/Year R1,007,670.00 R1,343,560.00 R1,679,450.00

SALARIES Year 1

Position Number of Employees Monthly Salary Total Salary

Farm Manager 1 R10,000.00 R10,000.00
Farm Assistant 2 R2,500.00 R5,000.00
Job Title 2 R0.00 R0.00
Job Title 3 R0.00 R0.00
Job Title 4 R0.00 R0.00
Job Title 5 R0.00 R0.00
Total Monthly Salaries R15,000.00

Year 3

Position Number of Employees Monthly Salary Total Salary

Farm Manager 1 R10,000.00 R10,000.00
Farm Assistant 2 R2,500.00 R5,000.00
Job Title 2 0 R0.00 R0.00
Job Title 3 0 R0.00 R0.00
Job Title 4 0 R0.00 R0.00
Job Title 5 0 R0.00 R0.00
Total Monthly Salaries R15,000.00

Year 5

Position Number of Employees Monthly Salary Total Salary

Farm Manager 1 R10,000.00 R10,000.00
Farm Assistant 2 R2,500.00 R5,000.00
Job Title 2 0 R0.00 R0.00
Job Title 3 0 R0.00 R0.00
Job Title 4 0 R0.00 R0.00
Job Title 5 0 R0.00 R0.00
Total Monthly Salaries R15,000.00

Costs per month in Costs per month in Costs per

Operating Expenses Forecasts/Month Year 1 Year 2 month in Year 3
Salaries R15,000.00 R15,000.00 R15,000.00
Marketing and Advertising R1,000.00 R1,167.00 R1,313.00
Transport/Fuel R2,000.00 R2,334.00 R2,626.00
Repairs and Maintenance R700.00 R817.00 R920.00
Other Expenses R2,000.00 R2,334.00 R2,626.00
Other Operating Expenses 1: R0.00 R0.00 R0.00
Other Operating Expenses 2: R0.00 R0.00 R0.00
Other Operating Expenses 3: R0.00 R0.00 R0.00
Other Operating Expenses 4: R0.00 R0.00 R0.00
Other Operating Expenses 5: R0.00 R0.00 R0.00
Total Monthly Operating Expenses R20,700.00 R21,652.00 R22,485.00

Costs per year in Costs per year

Operating Expenses Forecasts/Year Payment Timing Year 1 in Year 2
Insurance Start of Year R15,000.00 R17,500.00
Other Annual Operating Expenses 1: Start of Year R0.00 R0.00
Other Annual Operating Expenses 2: Start of Year R0.00 R0.00
Other Annual Operating Expenses 3: Start of Year R0.00 R0.00
Total Annual Operating Expenses R15,000.00 R17,500.00

StartUp Costs
Fixed Assets
Item Cost
Land R0.00
Building 1: Tomato Storage House R40,000.00
Building 2: R0.00
Building 3: R0.00
Building 4: R0.00

Total Land R0.00

Total Buildings R40,000.00

Equipment
Item Quantity Unit Cost Total
Irrigation System 1 R120,000.00 R120,000.00
Other Equipment 1 R30,000.00 R30,000.00

Other Equipment 1: 0 R0.00 R0.00

Other Equipment 2: 0 R0.00 R0.00
Other Equipment 3: 0 R0.00 R0.00
Other Equipment 4: 0 R0.00 R0.00

Total Equipment R150,000.00

Inputs (Startup costs)

Item Total Cost
Tomato Seeds R63,000.00
Fertilizer R120,000.00
Manure R36,000.00
Trellising Poles & Wiring R102,000.00
Herbicides R72,000.00
Pesticides & Fungicides R60,000.00
Labour R288,000.00
Diesel R59,670.00
Machinery Hire R45,000.00
Irrigation Cost R18,000.00
Transport to market R60,000.00
Packaging Material R84,000.00
Other Inputs Costs 1 : R0.00
Total Startup Inputs Costs R1,007,670.00

Recurring Operating Expenses (Startup costs)

Item
Salaries
Marketing and Advertising
Transport/Fuel
Repairs and Maintenance
Other Expenses
Other Operating Expenses 1:
Other Operating Expenses 2:
Other Operating Expenses 3:
Other Operating Expenses 4:
Other Operating Expenses 5:
Insurance
Other Annual Operating Expenses 1:
Other Annual Operating Expenses 2:
Other Annual Operating Expenses 3:
Advance Months Total Cost
8 R120,000.00
8 R8,000.00
8 R16,000.00
8 R5,600.00
8 R16,000.00
8 R0.00
8 R0.00
8 R0.00
8 R0.00
8 R0.00
R15,000.00
R0.00
R0.00
R0.00

Total Startup Operating Expenses R180,600.00

Once off Expenses (Startup costs)

Item Price
Company Registration R500.00
Other Once off Startup Expenses 1: R0.00
Other Once off Startup Expenses 2: R0.00
Other Once off Startup Expenses 3: R0.00
Other Once off Startup Expenses 4: R0.00

Total Startup Once off Expenses R500.00

Startup Costs Grand Total R1,378,770.00

Additional Buildings Costs forecasts (Excluding those bought at startup)
Year 1 Year 2 Year 3
Land R0.00 R0.00 R0.00
Building 1: Tomato Storage House R0.00 R0.00 R0.00
Building 2: R0.00 R0.00 R0.00
Building 3: R0.00 R0.00 R0.00
Building 4: R0.00 R0.00 R0.00
Total Additional Land R0.00 R0.00 R0.00
Total Additional Building R0.00 R0.00 R0.00

Additional Equipment Costs (Excluding those bought at startup)

Year 1 Year 2 Year 3
Irrigation System R0.00 R40,000.00 R40,000.00
Other Equipment R0.00 R10,000.00 R10,000.00
Other Equipment 1: R0.00 R0.00 R0.00
Other Equipment 2: R0.00 R0.00 R0.00
Other Equipment 3: R0.00 R0.00 R0.00
Other Equipment 4: R0.00 R0.00 R0.00
Total Additional Equipment R0.00 R50,000.00 R50,000.00

TAX Year 1 Year 2 Year 3

Corporate Tax (percentage) 28% 28% 28%

Existing Business Fixed Assets Value

Land R1,000,000.00
Buildings R50,000.00
Equipment R0.00
Total R1,050,000.00

Sources of Capital Amount

Bank Loan R1,000,000.00
Owner's Equity Cash Injection R378,770.00
Total Startup Cash Capital R1,378,770.00
Existing Business Fixed Assets R1,050,000.00
Total Startup Capital R2,428,770.00

Financing (Bank Loan) At Startup Amount

Loan Amount R1,000,000.00
Reapayment Term in Months 36 120 months maximum period
Annual Interest Rate (percentage) 12%

Depriciation Number of Years Notes

Depriciation period for buildings 20 You will replace the buildings after 20 years
Depriciation period for Equipment 5 You will replace the equipment after 4 years

Year 1 Year 2 Year 3

Dividends R10,000.00 R20,000.00 R30,000.00
ot coloured, they contain formulas

e on the cell to see the comment

ts will be automatically updating

and add more expenses which you want.

ect the formulas. The information in the other sheets are calculated using data from this Inputs worksheet.
her sheets will be automatically generated
ew Excel workbook where you will be free to edit and delete rows which you don’t want (eg "Other Monthly operating expenses 1)
However, if you want to unlock a worksheet, right click on the worksheet, click "Unprotect sheet", and enter password: bizbolts

Year 4 Year 5
12 14
14,000 14,000
5.0 5.0
70,000 70,000
840,000 980,000
R6.00 R6.00

Total Cost Hectares Total Cost Hectares

Total Quantity Unit Cost (Year 1) (Year 2) (Year 2) (Year 3)
90 R700.00 R63,000.00 8 R84,000.00 10
15000 R8.00 R120,000.00 8 R160,000.00 10
180000 R0.20 R36,000.00 8 R48,000.00 10
6 R17,000.00 R102,000.00 8 R136,000.00 10
240 R300.00 R72,000.00 8 R96,000.00 10
600 R100.00 R60,000.00 8 R80,000.00 10
3600 R80.00 R288,000.00 8 R384,000.00 10
3900 R15.30 R59,670.00 8 R79,560.00 10
30 R1,500.00 R45,000.00 8 R60,000.00 10
6 R3,000.00 R18,000.00 8 R24,000.00 10
6 R10,000.00 R60,000.00 8 R80,000.00 10
28000 R3.00 R84,000.00 8 R112,000.00 10
0 R0.00 R0.00 8 R0.00 10

Year 4 Year 5
R126,000.00 R147,000.00
R240,000.00 R280,000.00
R72,000.00 R84,000.00
R204,000.00 R238,000.00
R144,000.00 R168,000.00
R120,000.00 R140,000.00
 R576,000.00 R672,000.00
R119,340.00 R139,230.00
R90,000.00 R105,000.00
R36,000.00 R42,000.00
R120,000.00 R140,000.00
R168,000.00 R196,000.00
R0.00 R0.00
R2,015,340.00 R2,351,230.00

Year 2
Number of Monthly
Position Employees Salary Total Salary
Farm Manager 1 R10,000.00 R10,000.00
Farm Assistant 2 R2,500.00 R5,000.00
Job Title 2 0 R0.00 R0.00
Job Title 3 0 R0.00 R0.00
Job Title 4 0 R0.00 R0.00
Job Title 5 0 R0.00 R0.00
Total Monthly Salaries R15,000.00

Year 4
Number of Monthly
Position Employees Salary Total Salary
Farm Manager 1 R10,000.00 R10,000.00
Farm Assistant 2 R2,500.00 R5,000.00
Job Title 2 0 R0.00 R0.00
Job Title 3 0 R0.00 R0.00
Job Title 4 0 R0.00 R0.00
Job Title 5 0 R0.00 R0.00
Total Monthly Salaries R15,000.00

Costs per month in Costs per month in

Year 4 Year 5
R15,000.00 R15,000.00
R1,445.00 R1,566.00
R2,889.00 R3,130.00
 R1,012.00 R1,097.00
R2,889.00 R3,130.00
R0.00 R0.00
R0.00 R0.00
R0.00 R0.00
R0.00 R0.00
R0.00 R0.00
R23,235.00 R23,923.00

Costs per year in Costs per year in Costs per year

Year 3 Year 4 in Year 5
R19,688.00 R21,657.00 R23,462.00
R0.00 R0.00 R0.00
R0.00 R0.00 R0.00
R0.00 R0.00 R0.00
R19,688.00 R21,657.00 R23,462.00

Notes

Enter Additional
Equipment
Year 4 Year 5
R0.00 R0.00
R0.00 R0.00
R0.00 R0.00
 R0.00 R0.00
R0.00 R0.00
R0.00 R0.00
R0.00 R0.00

Year 4 Year 5
R40,000.00 R40,000.00
R10,000.00 R10,000.00
R0.00 R0.00
R0.00 R0.00
R0.00 R0.00
R0.00 R0.00
R50,000.00 R50,000.00

Year 4 Year 5
28% 28%

ngs after 20 years

ment after 4 years

Year 4 Year 5
R40,000.00 R50,000.00
er Monthly operating expenses 1)
", and enter password: bizbolts

Total Cost Hectares Total Cost Hectares Total Cost

(Year 3) (Year 4) (Year 4) (Year 5) (Year 5)
R105,000.00 12 R126,000.00 14 R147,000.00
R200,000.00 12 R240,000.00 14 R280,000.00
R60,000.00 12 R72,000.00 14 R84,000.00
R170,000.00 12 R204,000.00 14 R238,000.00
R120,000.00 12 R144,000.00 14 R168,000.00
R100,000.00 12 R120,000.00 14 R140,000.00
R480,000.00 12 R576,000.00 14 R672,000.00
R99,450.00 12 R119,340.00 14 R139,230.00
R75,000.00 12 R90,000.00 14 R105,000.00
R30,000.00 12 R36,000.00 14 R42,000.00
R100,000.00 12 R120,000.00 14 R140,000.00
R140,000.00 12 R168,000.00 14 R196,000.00
R0.00 12 R0.00 14 R0.00
Startup Costs
Item Total
Land -
Building 1: Tomato Storage House 40,000.00
Building 2: -
Building 3: -
Building 4: -
Irrigation System 120,000.00
Other Equipment 30,000.00
Other Equipment 1: -
Other Equipment 2: -
Other Equipment 3: -
Other Equipment 4: -
Tomato Seeds 63,000.00
Fertilizer 120,000.00
Manure 36,000.00
Trellising Poles & Wiring 102,000.00
Herbicides 72,000.00
Pesticides & Fungicides 60,000.00
Labour 288,000.00
Diesel 59,670.00
Machinery Hire 45,000.00
Irrigation Cost 18,000.00
Transport to market 60,000.00
Packaging Material 84,000.00
Other Inputs Costs 1 : -
Salaries 120,000.00
Marketing and Advertising 8,000.00
Transport/Fuel 16,000.00
Repairs and Maintenance 5,600.00
Other Expenses 16,000.00
Other Operating Expenses 1: -
Other Operating Expenses 2: -
Other Operating Expenses 3: -
Other Operating Expenses 4: -
Other Operating Expenses 5: -
Insurance 15,000.00
Other Annual Operating Expenses 1: -
Other Annual Operating Expenses 2: -
Other Annual Operating Expenses 3: -
Company Registration 500.00
Other Once off Startup Expenses 1: -
Other Once off Startup Expenses 2: -
Other Once off Startup Expenses 3: -
Other Once off Startup Expenses 4: -
Startup Costs Grand Total 1,378,770.00
 Bank Loan Amortization Table
Bank Loan Amortization
Loan Amount 1,000,000.00
Repayment Term in Months $36.00
Interest Rate (percentage) 12%
Monthly Payment 33,214.31

Total Payments Interest Paid Principal Paid

Year 1 398,571.72 104,156.16 294,415.55
Year 2 398,571.72 66,816.90 331,754.82
Year 3 398,571.72 24,742.09 373,829.63
Year 4 - - -
Year 5 - - -
Year 6 - - -
Year 7 - - -
Year 8 - - -
Year 9 - - -
Year 10 - - -

Period (Month) Payment Interest Principal

1 33,214.31 10,000.00 23,214.31
2 33,214.31 9,767.86 23,446.45
3 33,214.31 9,533.39 23,680.92
4 33,214.31 9,296.58 23,917.73
5 33,214.31 9,057.41 24,156.90
6 33,214.31 8,815.84 24,398.47
7 33,214.31 8,571.85 24,642.46
8 33,214.31 8,325.43 24,888.88
9 33,214.31 8,076.54 25,137.77
10 33,214.31 7,825.16 25,389.15
11 33,214.31 7,571.27 25,643.04
12 33,214.31 7,314.84 25,899.47
13 33,214.31 7,055.84 26,158.47
14 33,214.31 6,794.26 26,420.05
15 33,214.31 6,530.06 26,684.25
16 33,214.31 6,263.22 26,951.09
17 33,214.31 5,993.71 27,220.60
18 33,214.31 5,721.50 27,492.81
19 33,214.31 5,446.57 27,767.74
20 33,214.31 5,168.89 28,045.42
21 33,214.31 4,888.44 28,325.87
22 33,214.31 4,605.18 28,609.13
23 33,214.31 4,319.09 28,895.22
24 33,214.31 4,030.14 29,184.17
25 33,214.31 3,738.30 29,476.01
26 33,214.31 3,443.54 29,770.77
27 33,214.31 3,145.83 30,068.48
28 33,214.31 2,845.14 30,369.17
29 33,214.31 2,541.45 30,672.86
30 33,214.31 2,234.72 30,979.59
31 33,214.31 1,924.93 31,289.38
32 33,214.31 1,612.03 31,602.28
33 33,214.31 1,296.01 31,918.30
34 33,214.31 976.83 32,237.48
35 33,214.31 654.45 32,559.86
36 33,214.31 328.85 32,885.46
ortization Table

Year End Outstanding Balance

705,584.45
373,829.63
0.00
-
-
-
-
-
-
-

Balance
976,785.69
953,339.24
929,658.32
905,740.59
881,583.69
857,185.22
832,542.76
807,653.88
782,516.11
757,126.96
731,483.92
705,584.45
679,425.98
653,005.93
626,321.68
599,370.59
572,149.98
544,657.17
516,889.43
488,844.02
460,518.15
431,909.02
403,013.80
373,829.63
344,353.62
314,582.84
284,514.36
254,145.20
223,472.34
192,492.75
161,203.37
129,601.09
97,682.79
65,445.31
32,885.46
-
 Year 1
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8

CASH INFLOWS
Equity Capital 378,770 - - - - - - -
Loan Capital 1,000,000 - - - - - - -
Revenue - - - - - 840,000 840,000 840,000

Total Receipts 1,378,770 - - - - 840,000 840,000 840,000

CASH OUTFLOWS
Variable Costs
Tomato Seeds 21,000 21,000 21,000 - - - - -
Fertilizer 24,000 24,000 24,000 24,000 24,000 - - -
Manure 7,200 7,200 7,200 7,200 7,200 - - -

Trellising Poles & Wiring 20,400 20,400 20,400 20,400 20,400 - - -

Herbicides 10,286 10,286 10,286 10,286 10,286 10,286 10,286 -

Pesticides & Fungicides 8,571 8,571 8,571 8,571 8,571 8,571 8,571 -
Labour 36,000 36,000 36,000 36,000 36,000 36,000 36,000 36,000
Diesel 7,459 7,459 7,459 7,459 7,459 7,459 7,459 7,459
Machinery Hire 5,625 5,625 5,625 5,625 5,625 5,625 5,625 5,625
Irrigation Cost 2,250 2,250 2,250 2,250 2,250 2,250 2,250 2,250
Transport to market - - - - - 20,000 20,000 20,000
Packaging Material - - - - - 28,000 28,000 28,000
Other Inputs Costs 1 : - - - - - - - -
Other Outflows
Salaries 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000
Marketing and
Advertising 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000
Transport/Fuel 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000
Repairs and
Maintenance 700 700 700 700 700 700 700 700
Other Expenses 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000
Other Operating
Expenses 1: - - - - - - - -
Other Operating
Expenses 2: - - - - - - - -
Other Operating
Expenses 3: - - - - - - - -
Other Operating
Expenses 4: - - - - - - - -
Other Operating
Expenses 5: - - - - - - - -
Insurance 15,000 - - - - - - -
Other Annual Operating
Expenses 1: - - - - - - - -
Other Annual Operating
Expenses 2: - - - - - - - -
Other Annual Operating
Expenses 3: - - - - - - - -
Company Registration 500 - - - - - - -
Other Once off Startup
Expenses 1: - - - - - - - -
Other Once off Startup
Expenses 2: - - - - - - - -
Other Once off Startup
Expenses 3: - - - - - - - -
Other Once off Startup
Expenses 4: - - - - - - - -
Land - - - - - - - -
Building 1: Tomato
Storage House 40,000 - - - - - - -
Building 2: - - - - - - - -
Building 3: - - - - - - - -
Building 4: - - - - - - - -
Irrigation System 120,000 - - - - - - -
Other Equipment 30,000 - - - - - - -
Other Equipment 1: - - - - - - - -
Other Equipment 2: - - - - - - - -
Other Equipment 3: - - - - - - - -
Other Equipment 4: - - - - - - - -
Dividend - - - - - - - -
Loan Repayment 33,214 33,214 33,214 33,214 33,214 33,214 33,214 33,214
Tax - - - - - - - -

Total Payments 402,205 196,705 196,705 175,705 175,705 172,105 172,105 153,248
SURPLUS / (DEFICIT) 976,565 (196,705) (196,705) (175,705) (175,705) 667,895 667,895 686,752
OPENING BANK
BALANCE 976,565 779,860 583,154 407,449 231,744 899,639 1,567,534
CLOSING BALANCE 976,565 779,860 583,154 407,449 231,744 899,639 1,567,534 2,254,286

Year 2
Month 13 Month 14 Month 15 Month 16 Month 17 Month 18 Month 19 Month 20

CASH INFLOWS
Revenue - - - - - 1,120,000 1,120,000 1,120,000

Total Receipts - - - - - 1,120,000 1,120,000 1,120,000

CASH OUTFLOWS
Variable Costs
Tomato Seeds 28,000 28,000 28,000 - - - - -
Fertilizer 32,000 32,000 32,000 32,000 32,000 - - -
Manure 9,600 9,600 9,600 9,600 9,600 - - -

Trellising Poles & Wiring 27,200 27,200 27,200 27,200 27,200 - - -

Herbicides 13,714 13,714 13,714 13,714 13,714 13,714 13,714 -

Pesticides & Fungicides 11,429 11,429 11,429 11,429 11,429 11,429 11,429 -
Labour 48,000 48,000 48,000 48,000 48,000 48,000 48,000 48,000
Diesel 9,945 9,945 9,945 9,945 9,945 9,945 9,945 9,945
Machinery Hire 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500
Irrigation Cost 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000
Transport to market - - - - - 26,667 26,667 26,667
Packaging Material - - - - - 37,333 37,333 37,333
Other Inputs Costs 1 : - - - - - - - -
Other Outflows
Salaries 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000
Marketing and
Advertising 1,167 1,167 1,167 1,167 1,167 1,167 1,167 1,167
Transport/Fuel 2,334 2,334 2,334 2,334 2,334 2,334 2,334 2,334
Repairs and
Maintenance 817 817 817 817 817 817 817 817
Other Expenses 2,334 2,334 2,334 2,334 2,334 2,334 2,334 2,334
Other Operating
Expenses 1: - - - - - - - -
Other Operating
Expenses 2: - - - - - - - -
Other Operating
Expenses 3: - - - - - - - -
Other Operating
Expenses 4: - - - - - - - -
Other Operating
Expenses 5: - - - - - - - -
Insurance 17,500 - - - - - - -
Other Annual Operating
Expenses 1: - - - - - - - -
Other Annual Operating
Expenses 2: - - - - - - - -
Other Annual Operating
Expenses 3: - - - - - - - -
Land - - - - - - - -
Building 1: Tomato
Storage House - - - - - - - -
Building 2: - - - - - - - -
Building 3: - - - - - - - -
Building 4: - - - - - - - -
Irrigation System 40,000 - - - - - - -
Other Equipment 10,000 - - - - - - -
Other Equipment 1: - - - - - - - -
Other Equipment 2: - - - - - - - -
Other Equipment 3: - - - - - - - -
Other Equipment 4: - - - - - - - -
Dividend - - - - - - - -
Loan Repayment 33,214 33,214 33,214 33,214 33,214 33,214 33,214 33,214
Tax - - - - - - - -

Total Payments 312,754 245,254 245,254 217,254 217,254 212,454 212,454 187,311
SURPLUS / (DEFICIT) (312,754) (245,254) (245,254) (217,254) (217,254) 907,546 907,546 932,689
OPENING BANK
BALANCE 1,717,892 1,405,137 1,159,883 914,629 697,375 480,121 1,387,667 2,295,212
CLOSING BALANCE 1,405,137 1,159,883 914,629 697,375 480,121 1,387,667 2,295,212 3,227,901

Year 3
Month 25 Month 26 Month 27 Month 28 Month 29 Month 30 Month 31 Month 32

CASH INFLOWS
Revenue - - - - - 1,400,000 1,400,000 1,400,000

Total Receipts - - - - - 1,400,000 1,400,000 1,400,000

CASH OUTFLOWS
Variable Costs
Tomato Seeds 35,000 35,000 35,000 - - - - -
Fertilizer 40,000 40,000 40,000 40,000 40,000 - - -
Manure 12,000 12,000 12,000 12,000 12,000 - - -

Trellising Poles & Wiring 34,000 34,000 34,000 34,000 34,000 - - -

Herbicides 17,143 17,143 17,143 17,143 17,143 17,143 17,143 -

Pesticides & Fungicides 14,286 14,286 14,286 14,286 14,286 14,286 14,286 -
Labour 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000
Diesel 12,431 12,431 12,431 12,431 12,431 12,431 12,431 12,431
Machinery Hire 9,375 9,375 9,375 9,375 9,375 9,375 9,375 9,375
Irrigation Cost 3,750 3,750 3,750 3,750 3,750 3,750 3,750 3,750
Transport to market - - - - - 33,333 33,333 33,333
Packaging Material - - - - - 46,667 46,667 46,667
Other Inputs Costs 1 : - - - - - - - -
Other Outflows
Salaries 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000
Marketing and
Advertising 1,313 1,313 1,313 1,313 1,313 1,313 1,313 1,313
Transport/Fuel 2,626 2,626 2,626 2,626 2,626 2,626 2,626 2,626
Repairs and
Maintenance 920 920 920 920 920 920 920 920
Other Expenses 2,626 2,626 2,626 2,626 2,626 2,626 2,626 2,626
Other Operating
Expenses 1: - - - - - - - -
Other Operating
Expenses 2: - - - - - - - -
Other Operating
Expenses 3: - - - - - - - -
Other Operating
Expenses 4: - - - - - - - -
Other Operating
Expenses 5: - - - - - - - -
Insurance 19,688 - - - - - - -
Other Annual Operating
Expenses 1: - - - - - - - -
Other Annual Operating
Expenses 2: - - - - - - - -
Other Annual Operating
Expenses 3: - - - - - - - -
Land - - - - - - - -
Building 1: Tomato
Storage House - - - - - - - -
Building 2: - - - - - - - -
Building 3: - - - - - - - -
Building 4: - - - - - - - -
Irrigation System 40,000 - - - - - - -
Other Equipment 10,000 - - - - - - -
Other Equipment 1: - - - - - - - -
Other Equipment 2: - - - - - - - -
Other Equipment 3: - - - - - - - -
Other Equipment 4: - - - - - - - -
Dividend - - - - - - - -
Loan Repayment 33,214 33,214 33,214 33,214 33,214 33,214 33,214 33,214
Tax - - - - - - - -

Total Payments 363,372 293,684 293,684 258,684 258,684 252,684 252,684 221,256
SURPLUS / (DEFICIT) (363,372) (293,684) (293,684) (258,684) (258,684) 1,147,316 1,147,316 1,178,744
OPENING BANK
BALANCE 2,532,652 2,169,280 1,875,596 1,581,912 1,323,228 1,064,543 2,211,859 3,359,175
CLOSING BALANCE 2,169,280 1,875,596 1,581,912 1,323,228 1,064,543 2,211,859 3,359,175 4,537,920

Year 4 Year 5
TOTAL TOTAL

CASH INFLOWS
Revenue 5,040,000 5,880,000

Total Receipts 5,040,000 5,880,000

CASH OUTFLOWS
Variable Costs
Tomato Seeds 126,000 147,000
Fertilizer 240,000 280,000
Manure 72,000 84,000

Trellising Poles & Wiring 204,000 238,000

Herbicides 144,000 168,000

Pesticides & Fungicides 120,000 140,000

Labour 576,000 672,000
Diesel 119,340 139,230
Machinery Hire 90,000 105,000
Irrigation Cost 36,000 42,000
Transport to market 120,000 140,000
Packaging Material 168,000 196,000
Other Inputs Costs 1 : - -
Other Outflows
Salaries 180,000 180,000
Marketing and
Advertising 17,340 18,792
Transport/Fuel 34,668 37,560
Repairs and
Maintenance 12,144 13,164
Other Expenses 34,668 37,560
Other Operating
Expenses 1: - -
Other Operating
Expenses 2: - -
Other Operating
Expenses 3: - -
Other Operating
Expenses 4: - -
Other Operating
Expenses 5: - -
Insurance 21,657 23,462
Other Annual Operating
Expenses 1: - -
Other Annual Operating
Expenses 2: - -
Other Annual Operating
Expenses 3: - -
Land - -
Building 1: Tomato
Storage House - -
Building 2: - -
Building 3: - -
Building 4: - -
Irrigation System 40,000 40,000
Other Equipment 10,000 10,000
Other Equipment 1: - -
Other Equipment 2: - -
Other Equipment 3: - -
Other Equipment 4: - -
Dividend 40,000 50,000
Loan Repayment - -
Tax 744,711 880,245

Total Payments 3,150,528 3,642,013

SURPLUS / (DEFICIT) 1,889,472 2,237,987
OPENING BANK
BALANCE 3,682,618 5,572,090
CLOSING BALANCE 5,572,090 7,810,077
Month 9 Month 10 Month 11 Month 12 TOTAL

- - - - 378,770
- - - - 1,000,000
- - - - 2,520,000

- - - - 3,898,770

- - - - 63,000
- - - - 120,000
- - - - 36,000

- - - - 102,000
- - - - 72,000

- - - - 60,000
- - - - 288,000
- - - - 59,670
- - - - 45,000
- - - - 18,000
- - - - 60,000
- - - - 84,000
- - - - -

15,000 15,000 15,000 15,000 180,000

1,000 1,000 1,000 1,000 12,000

2,000 2,000 2,000 2,000 24,000

700 700 700 700 8,400

2,000 2,000 2,000 2,000 24,000

- - - - -

- - - - -

- - - - -

- - - - -

- - - - -
- - - - 15,000
 - - - - -

- - - - -

- - - - -
- - - - 500

- - - - -

- - - - -

- - - - -

- - - - -
- - - - -

- - - - 40,000
- - - - -
- - - - -
- - - - -
- - - - 120,000
- - - - 30,000
- - - - -
- - - - -
- - - - -
- - - - -
- - - 10,000 10,000
33,214 33,214 33,214 33,214 398,572
- - - 310,737 310,737

53,914 53,914 53,914 374,651 2,180,878

(53,914) (53,914) (53,914) (374,651) 1,717,892

2,254,286 2,200,371 2,146,457 2,092,543

2,200,371 2,146,457 2,092,543 1,717,892 1,717,892

Month 21 Month 22 Month 23 Month 24 TOTAL

- - - - 3,360,000

- - - - 3,360,000
 - - - - 84,000
- - - - 160,000
- - - - 48,000

- - - - 136,000
- - - - 96,000

- - - - 80,000
- - - - 384,000
- - - - 79,560
- - - - 60,000
- - - - 24,000
- - - - 80,000
- - - - 112,000
- - - - -

15,000 15,000 15,000 15,000 180,000

1,167 1,167 1,167 1,167 14,004

2,334 2,334 2,334 2,334 28,008

817 817 817 817 9,804

2,334 2,334 2,334 2,334 28,008

- - - - -

- - - - -

- - - - -

- - - - -

- - - - -
- - - - 17,500

- - - - -

- - - - -

- - - - -
- - - - -

- - - -
- - - - -
- - - - -
- - - - -
- - - - 40,000
- - - - 10,000
 - - - - -
- - - - -
- - - - -
- - - - -
- - - 20,000 20,000
33,214 33,214 33,214 33,214 398,572
- - - 455,784 455,784

54,866 54,866 54,866 530,650 2,545,239

(54,866) (54,866) (54,866) (530,650) 814,761

3,227,901 3,173,035 3,118,169 3,063,302

3,173,035 3,118,169 3,063,302 2,532,652 2,532,652

Month 33 Month 34 Month 35 Month 36 TOTAL

- - - - 4,200,000

- - - - 4,200,000

- - - - 105,000
- - - - 200,000
- - - - 60,000

- - - - 170,000
- - - - 120,000

- - - - 100,000
- - - - 480,000
- - - - 99,450
- - - - 75,000
- - - - 30,000
- - - - 100,000
- - - - 140,000
- - - - -

15,000 15,000 15,000 15,000 180,000

1,313 1,313 1,313 1,313 15,756

2,626 2,626 2,626 2,626 31,512

920 920 920 920 11,040

 2,626 2,626 2,626 2,626 31,512

- - - - -

- - - - -

- - - - -

- - - - -

- - - - -
- - - - 19,688

- - - - -

- - - - -

- - - - -
- - - - -

- - - - -
- - - - -
- - - - -
- - - - -
- - - - 40,000
- - - - 10,000
- - - - -
- - - - -
- - - - -
- - - - -
- - - 30,000 30,000
33,214 33,214 33,214 33,214 398,572
- - - 602,504 602,504

55,699 55,699 55,699 688,203 3,050,034

(55,699) (55,699) (55,699) (688,203) 1,149,966

4,537,920 4,482,220 4,426,521 4,370,822

4,482,220 4,426,521 4,370,822 3,682,618 3,682,618
 Year 1 Year 2 Year 3 Year 4
Tomatoes Sold (KG) 420,000 560,000 700,000 840,000
Average price/KG 6.00 6.00 6.00 6.00
Revenue 2,520,000.00 3,360,000.00 4,200,000.00 5,040,000.00

Average Monthly Revenue 210,000.00 280,000.00 350,000.00 420,000.00

Average Monthly Expenses 114,643.85 140,641.74 166,141.67 192,984.75

Annual Revenue
5,880,000.00

5,040,000.00

4,200,000.00

3,360,000.00

2,520,000.00

Year 1 Year 2 Year 3 Year 4 Year 5

 Year 5
980,000
6.00
5,880,000.00

490,000.00
221,814.00

Monthly Revenue Vs expenses

0
Average Monthly Revenue Average Monthly Expenses
490,000.00

420,000.00

350,000.00

280,000.00

210,000.00 221,814.00
192,984.75
166,141.67
140,641.74
114,643.85

Year 1 Year 2 Year 3 Year 4 Year 5

00

221,814.00

r5
Pro Forma Income Statement
Year 1 Year 2 Year 3
Sales 2,520,000.00 3,360,000.00 4,200,000.00
Cost of goods sold 1,007,670.00 1,343,560.00 1,679,450.00
Gross Profit 1,512,330.00 2,016,440.00 2,520,550.00
Operating Expenses
Salaries 180,000.00 180,000.00 180,000.00
Marketing and Advertising 12,000.00 14,004.00 15,756.00
Transport/Fuel 24,000.00 28,008.00 31,512.00
Repairs and Maintenance 8,400.00 9,804.00 11,040.00
Other Expenses 24,000.00 28,008.00 31,512.00
Other Operating Expenses 1: - - -
Other Operating Expenses 2: - - -
Other Operating Expenses 3: - - -
Other Operating Expenses 4: - - -
Other Operating Expenses 5: - - -
Insurance 15,000.00 17,500.00 19,688.00
Other Annual Operating Expenses 1: - - -
Other Annual Operating Expenses 2: - - -
Other Annual Operating Expenses 3: - - -
Company Registration 500.00 - -
Other Once off Startup Expenses 1: - - -
Other Once off Startup Expenses 2: - - -
Other Once off Startup Expenses 3: - - -
Other Once off Startup Expenses 4: - - -
Total Operating Expenses 263,900.00 277,324.00 289,508.00
Depreciation 34,500.00 44,500.00 54,500.00
Interest Payment 104,156.16 66,816.90 24,742.09
Net Profit Before Tax 1,109,773.84 1,627,799.10 2,151,799.91
Tax 310,736.67 455,783.75 602,503.98
Net Profit After Tax 799,037.16 1,172,015.35 1,549,295.94
 Year 4 Year 5
5,040,000.00 5,880,000.00
2,015,340.00 2,351,230.00
3,024,660.00 3,528,770.00
Net Profit After Tax
180,000.00 180,000.00
17,340.00 18,792.00
34,668.00 37,560.00 2,263,487.04
12,144.00 13,164.00
34,668.00 37,560.00
1,914,971.76
- -
- -
- - 1,549,295.94
- -
- -
1,172,015.35
21,657.00 23,462.00
- -
- - 799,037.16
- -
- -
- -
- -
- -
- -
300,477.00 310,538.00
Year 1 Year 2 Year 3 Year 4 Year 5
64,500.00 74,500.00
- -
2,659,683.00 3,143,732.00
744,711.24 880,244.96
1,914,971.76 2,263,487.04
x

2,263,487.04

71.76

4 Year 5
Pro Forma Annual Cash Flow
Year 1 Year 2 Year 3 Year 4
Opening Balance - 1,717,891.61 2,532,652.14 3,682,618.45

Sales 2,520,000.00 3,360,000.00 4,200,000.00 5,040,000.00

Subtotal Cash from Operations 2,520,000.00 3,360,000.00 4,200,000.00 5,040,000.00

Additional Cash Received

Start-up Capital: Equity 378,770.00 - - -
Bank Loan 1,000,000.00 - - -
Subtotal Cash Received 1,378,770.00 - - -

Cash Expenditures
Inputs 1,007,670.00 1,343,560.00 1,679,450.00 2,015,340.00
Operating Expenses 263,900.00 277,324.00 289,508.00 300,477.00
Subtotal Spent on Operations 1,271,570.00 1,620,884.00 1,968,958.00 2,315,817.00

Additional Cash Spent

Taxes 310,736.67 455,783.75 602,503.98 744,711.24
Buildings 40,000.00 - - -
Land - - - -
Equipment 150,000.00 50,000.00 50,000.00 50,000.00
Loan Repayment 398,571.72 398,571.72 398,571.72 -
Dividends 10,000.00 20,000.00 30,000.00 40,000.00
Subtotal Additional Cash Spent 909,308.39 924,355.47 1,081,075.69 834,711.24

Net Cash Flow 1,717,891.61 814,760.53 1,149,966.31 1,889,471.76

Cash Balance 1,717,891.61 2,532,652.14 3,682,618.45 5,572,090.21
Year 5
5,572,090.21

5,880,000.00
5,880,000.00

-
-
-

2,351,230.00
310,538.00
2,661,768.00

880,244.96
-
-
50,000.00
-
50,000.00
980,244.96

2,237,987.04
7,810,077.25
Pro Forma Balance Sheet
Year 1 Year 2 Year 3 Year 4
Long Term Assets
Land 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00
Buildings 90,000.00 90,000.00 90,000.00 90,000.00
Equipment 150,000.00 200,000.00 250,000.00 300,000.00
Accumulated Depreciation 34,500.00 79,000.00 133,500.00 198,000.00
Total Long Term Assets 1,205,500.00 1,211,000.00 1,206,500.00 1,192,000.00
Current Assets
Cash 1,717,891.61 2,532,652.14 3,682,618.45 5,572,090.21
Inventory - - - -
Other Current Assets - - - -
Total Current Assets 1,717,891.61 2,532,652.14 3,682,618.45 5,572,090.21
TOTAL ASSETS 2,923,391.61 3,743,652.14 4,889,118.45 6,764,090.21

EQUITY AND LIABILITIES

Equity
Equity 2,217,807.16 3,369,822.51 4,889,118.45 6,764,090.21
Total Equity 2,217,807.16 3,369,822.51 4,889,118.45 6,764,090.21
Liabilities
Bank Loan 705,584.45 373,829.63 0.00 -
Other Liabilities - - - -
Total Liabilities 705,584.45 373,829.63 0.00 -

TOTAL EQUITY AND LIABILITIES 2,923,391.61 3,743,652.14 4,889,118.45 6,764,090.21

Year 5

1,000,000.00
90,000.00
350,000.00
272,500.00
1,167,500.00

7,810,077.25
-
-
7,810,077.25
8,977,577.25

8,977,577.25
8,977,577.25

-
-
-

8,977,577.25
Depreciation Schedule Value Year-1
Equipment (Bought Year 1 + Already Existing) 150,000.00 30,000.00
Buildings (Constructed Year 1 + Already Existing) 90,000.00 4,500.00
Equipment (Bought Year 2) 50,000.00
Buildings (Constructed Year 2) -
Equipment (Bought Year 3) 50,000.00
Buildings (Constructed Year 3) -
Equipment (Bought Year 4) 50,000.00
Buildings (Constructed Year 4) -
Equipment (Bought Year 5) 50,000.00
Buildings (Constructed Year 5) -

Accumulated Depreciation 34,500.00

Depreciation is an accounting method of allocating the cost of a tangible asset over its useful life.
Businesses depreciate long-term assets for both tax and accounting purposes.
 Year-2 Year-3 Year-4 Year-5
30,000.00 30,000.00 30,000.00 30,000.00
4,500.00 4,500.00 4,500.00 4,500.00
10,000.00 10,000.00 10,000.00 10,000.00
- - - -
10,000.00 10,000.00 10,000.00
- - -
10,000.00 10,000.00
- -
10,000.00
-

79,000.00 133,500.00 198,000.00 272,500.00

t over its useful life.

Payback Period Analysis
Initial Investment Year 1 Year 2
Net Cash Flow (excluding loan capital
repayment & dividends) (1,378,770.00) 2,022,307.16 1,166,515.35
Cumulative Net Cashflow 643,537.16 1,810,052.51
Positive Cashflow? 1.00 1.00

Payback Period (First year positive) 1.00

Payback Period (Actual Number of Years) 0.68

The payback period is the length of time required to recover the cost of an investment.
The payback period of a project is an important determinant of whether to undertake the project, as longer payback
 Year 3 Year 4 Year 5

1,553,795.94 1,929,471.76 2,287,987.04

3,363,848.45 5,293,320.21 7,581,307.25
1.00 1.00 1.00

ject, as longer payback periods are typically not desirable for investment positions.
Breakeven Analysis Value
Selling Price/KG 6.00
Variable Cost/KG 2.40
Annual Fixed Costs 368,056.16
Breakeven point 102,216 Amount of tomatoes (KG) you need to sell annualy for you to break even

Break Even point is the amount of tomatoes you need to sell for you to cover all your costs (fixed and variable costs) i.e to brea
The breakeven point is reached when revenue equals all business costs.
annualy for you to break even

xed and variable costs) i.e to break even

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