TU-A1300 GROUP PROJECT EXCEL TA

Group: 26

VEGETARIAN HOT POT RESTAURANT

INSTRUCTIONS:
The company ceases operations at the beginning of year 5. Deductibles are marked as negative (for
example, depreciations should be written so that the value in the cell is less than zero.)
Estimate numerical values in the gray cells.
Write only formulas or references in the blue cells.
Do not add cells to the page ""FINANCIAL STATEMENTS""
Write your justifications for the numbers in the gray cells on the ""JUSTIFICATIONS"" page.

INCOME STATEMENT
REVENUE
- Cost of goods sold
SALES MARGIN
- Other costs of doing business
EBITDA
- Depreciation (carried out evenly in 4 years) 4.00
EBIT
- Interest 5.00%
EBT
- Taxes 20.00%
NET PROFIT (NET INCOME)

BALANCE SHEET
ASSETS

NON-CURRENT ASSETS

Fixed assets

SUM OF NON-CURRENT ASSETS

CURRENT ASSETS

INVENTORIES
Resources and materials (raw materials and supplies)
Unfinished products
Finished products
Sum of inventories
 Financial assets
Accounts receivable
Cash and cash equivalents
Sum of financial assets

SUM OF CURRENT ASSETS

SUM OF ASSETS

LIABILITIES

EQUITY

Shareholders' capital
Retained earnings
Net profit

SUM OF EQUITY

DEBT (LIABILITIES)

Long term debts

Bank loans
Short-term debts
Debt repayments next accounting period
Accounts payable
Sum of short-term debts

SUM OF DEBTS

SUM OF LIABILITIES

CALCULATION ON THE AMOUNT OF WORKING CAPITAL

+ Inventories
+ Accounts receivable
- Accounts payable
WORKING CAPITAL

STATEMENT OF CASH FLOW

CASH FLOW OF OPERATIONS
EBITDA
+ Working capital in the opening statement
 - Working capital in the closing statement
- Interest
- Tax
CASH FLOW OF OPERATIONS

CASH FLOW OF INVESTMENTS

Fixed assets in the opening statement
- Depreciations
- Fixed assets in the closing statement
CASH FLOW OF INVESTMENTS

CASH FLOW OF FINANCING

Capital stock (shareholders' capital) in the closing statement
- Capital stock in the opening statement
- Distributed dividends
+ Total debt in the closing statement
- Total debt in the opening statement
CASH FLOW OF FINANCING

Cash flow in the opening statement

+ CHANGE IN CASH FLOWS
Cash flow in the closing statement

FREE CASH FLOW AND NET PRESENT VALUE

0
EBITx(1-TAX%)
+ WORKING CAPITAL IN THE OPENING STATEMENT initial investment
- WORKING CAPITAL IN THE CLOSING STATEMENT is marked as
+ FIXED ASSETS IN THE OPENING STATEMENT ↓ negative (deductible)
- FIXED ASSETS IN THE CLOSING STATEMENT - 100,000.00 €
FREE CASH FLOW - 100,000.00 €

WACC 10.00%
PRESENT VALUE OF FREE CASH FLOW - 100,000.00 €

NET PRESENT VALUE

1,538,944.34 €

KEY FINANCIAL RATIOS

Profitability Ratio Used:
Liquidity
Solvency (Capital Structure)
XCEL TASK

1 2 3

753,750.00 € 1,130,625.00 € 1,507,500.00 €

- 132,660.00 € - 206,949.60 € - 286,970.11 €
621,090.00 € 923,675.40 € 1,220,529.89 €
- 223,705.00 € - 280,558.00 € - 341,601.00 €
397,385.00 € 643,117.40 € 878,928.89 €
- 25,000.00 € - 25,000.00 € - 25,000.00 €
372,385.00 € 618,117.40 € 853,928.89 €
- € - € - €
372,385.00 € 618,117.40 € 853,928.89 €
- 74,477.00 € - 123,623.48 € - 170,785.78 €
297,908.00 € 494,493.92 € 683,143.11 €

75,000.00 € 50,000.00 € 25,000.00 €

75,000.00 € 50,000.00 € 25,000.00 €

145,926.00 € 227,644.00 € 315,667.00 €

- € - € - €
- € - € - €
145,926.00 € 227,644.00 € 315,667.00 €
 - € - € - €
149,482.00 € 582,857.92 € 1,197,878.03 €
149,482.00 € 582,857.92 € 1,197,878.03 €

295,408.00 € 810,501.92 € 1,513,545.03 €

370,408.00 € 860,501.92 € 1,538,545.03 €

- € - € - €
297,908.00 € 792,401.92 €
297,908.00 € 494,493.92 € 683,143.11 €

297,908.00 € 792,401.92 € 1,475,545.03 €

- € - € - €

- € - € - €
72,500.00 € 68,100.00 € 63,000.00 €
72,500.00 € 68,100.00 € 63,000.00 €

72,500.00 € 68,100.00 € 63,000.00 €

370,408.00 € 860,501.92 € 1,538,545.03 €

145,926.00 € 227,644.00 € 315,667.00 €

- € - € - €
- 72,500.00 € - 68,100.00 € - 63,000.00 €
73,426.00 € 159,544.00 € 252,667.00 €

397,385.00 € 643,117.40 € 878,928.89 €

- € 73,426.00 € 159,544.00 €
- 73,426.00 € - 159,544.00 € - 252,667.00 €
- € - € - €
- 74,477.00 € - 123,623.48 € - 170,785.78 €
249,482.00 € 433,375.92 € 615,020.11 €

100,000.00 € 75,000.00 € 50,000.00 €

- 25,000.00 € - 25,000.00 € - 25,000.00 €
- 75,000.00 € - 50,000.00 € - 25,000.00 €
- € - € - €

- € - € - €
- € - € - €
- € - € - €
- € - € - €
- € - 72,500.00 € - 68,100.00 €
- € - € - €

- 100,000.00 € 149,482.00 € 582,857.92 €

249,482.00 € 433,375.92 € 615,020.11 €
149,482.00 € 582,857.92 € 1,197,878.03 €

1 2 3
371,640.23 € 616,881.17 € 852,221.03 €
- € 73,426.00 € 159,544.00 €
- 73,426.00 € - 159,544.00 € - 252,667.00 €
100,000.00 € 75,000.00 € 50,000.00 €
- 75,000.00 € - 50,000.00 € - 25,000.00 €
323,214.23 € 555,763.17 € 784,098.03 €

293,831.12 € 459,308.40 € 589,104.46 €

Value:
7.8656466571835
0.88577555699608
 4 5

678,375.00 € - €
- 134,302.01 € - €
544,072.99 € - €
- 355,265.00 € - €
188,807.99 € - €
- 25,000.00 € - €
163,807.99 € - €
- € - €
163,807.99 € - €
- 32,761.60 € - €
131,046.39 € - €

- € - €

- € - €

147,732.00 € - €
- € - €
- € - €
147,732.00 € - €
 - € - €
1,532,359.42 € 1,606,591.42 €
1,532,359.42 € 1,606,591.42 €

1,680,091.42 € 1,606,591.42 €

1,680,091.42 € 1,606,591.42 €

- € - €
1,475,545.03 € 1,606,591.42 €
131,046.39 € - €

1,606,591.42 € 1,606,591.42 €

- € - €

- € - €
73,500.00 € - €
73,500.00 € - €

73,500.00 € - €

1,680,091.42 € 1,606,591.42 €

147,732.00 € - €
- € - €
- 73,500.00 € - €
74,232.00 € - €

188,807.99 € - €
252,667.00 € 74,232.00 €
- 74,232.00 € - €
- € - €
- 32,761.60 € - €
334,481.39 € 74,232.00 €

25,000.00 € - €
- 25,000.00 € - €
- € - €
- € - €

- € - €
- € - €
- € - €
- € - €
- 63,000.00 € - 73,500.00 €
- € - €

1,197,878.03 € 1,532,359.42 €
334,481.39 € 74,232.00 €
1,532,359.42 € 1,606,591.42 €

4 5
163,480.37 € - €
252,667.00 € 74,232.00 €
- 74,232.00 € - €
25,000.00 € - €
- € - €
366,915.37 € 74,232.00 €

250,608.14 € 46,092.23 €
REVENUE
Year 1 2 3
Price/Adult (€) €25
Price/Children (€) €20
Average Price/Customer (€) €23
Number of Customers/Day 100 150 200
Number of Open Days/Year 335
REVENUE (€) €753,750 €1,130,625 €1,507,500

COST OF GOODS SOLD

At the max capacity of 200 customers daily, we will likely consume:
Ingredients Quantity Total Price (€)
Broth 60 liters €150
Vegetables 25 kilograms €250
Tofu 22 kilograms €55
Mock meat products & Other
25 kilograms €270
vegan protein
Carb 15 kilograms €30
Dipping sauce 10 liters €32
Granishes 5 kilograms €5
Total €792
Inflation rate/year 1.04
ANNUAL COST OF GOODS SOLD AT MAX
€265,320
CAPACITY

OTHER COSTS OF DOING BUSINESS

Other costs of doing business Annual price (€)
Electricity €1,800
Water €300
IT Service €24,000
 Rent €48,000
Total (excl. Staff) €74,100
Staff €241,730
Inflation rate/year 1.04

Number of Open Days/Year

WAITING STAFF
Number of hours
10 am - 12 pm 2
12 pm - 2 pm 2
Period
2 pm - 5pm 3
5 pm - 8 pm 3
Staff payment plan
Hourly wage (€) 13.42
Total daily waiting staff wage
Total annual waiting staff wage
KITCHEN STAFF
Number of kitchen staff
Average annual kitchen staff salary
Total annual kitchen staff salary

INVENTORIES
Year 1 €145,926
Year 2 €227,645
INVENTORIES
Year 3 €315,667
Year 4 €147,732
 ACCOUNT RECEIVABLE We assume that we waste 10% of the raw materials we bought.
As a vegan hotpot restaurant, our product is consumed as soon as
it is produced, and raw materials are mostly processed directly by
the customers.
=> There is no unfinished and finished products.
=> There is no account receivable.
UNFINISHED AND FINISHED
PRODUCTS

DEBTS
Roughly 50% of
Year 1 €72,500
inventories
Roughly 30% of
Year 2 €68,100
ACCOUNT PAYABLE inventories
Roughly 20% of
Year 3 €63,000
inventories
Roughly 50% of
Year 4 €73,500
inventories

CASH FLOW OF OPERATION

WORKING CAPITAL IN THE We assume that the business has just launched; therefore, the
OPENING STATEMENT working capital in the opening statement of the first year is zero.

CASH FLOW OF FINANCING

 We assume that our vegetarian hot pot
CAPITAL STOCK IN THE restaurant does not have shareholders'
OPENING STATEMENT & capital in the closing statement. Therefore,
DISTRIBUTED DIVIDENDS our capital stock in the opening statement
and distributed dividends are equal to zero.

FIXED ASSETS IN THE

Include kitchen equipments and furniture
CLOSING STATEMENT
 4

90

€678,375

Year 1 €132,660
ANNUAL COST OF Year 2 €206,950
GOODS SOLD Year 3 €286,970
Year 4 €134,302

Year 1's capacity is half the max capacity;

Year 1 €223,705 therefore,
Year only half
2's capacity thethe
is 2/3 waiting staff is
max capacity;
OTHER COSTS OF Year 2 €280,558 needed
therefore, only 2/3 the waiting staff is
DOING BUSINESS Year 3's capacity is the max capacity;
needed
Year 3 €341,602
therefore, all the waiting staff is needed
 OTHER COSTS OF
DOING BUSINESS
Year 4 €355,266 Since Year 3, all the waiting staff is needed

ear 335
NG STAFF
Waiting staff
Number of waiters
wage/period (€)
2 €54
5 €134
2 €81
7 €282
13.42
wage €550
wage €184,250
EN STAFF
ff 3
f salary €19,160
salary €57,480