Cashflow Weekly Actual Sample

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CF WEEKLY - FORECAST VS ACTUAL TEMPLA
This template enables users to compile a cash flow forecast for a 52 week period and to compare the cash flow for
weekly, quarterly and year-to-date basis. The template includes a weekly income statement, cash flow statement and b
projections are based on weekly turnover, gross profit and expense values that are entered by the user as well as a num
which are used to create an automated balance sheet. The actual results are compiled from the actual account balance
into the template.
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UAL TEMPLATE
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Excel Skills | Weekly Cash Flow Template | Forecast vs Actual
Instructions
www.excel-skills.com
This template enables users to compile a cash flow forecast for a 52 week period and to compare the cash flow forecast to
actual results on a weekly, quarterly and year-to-date basis. The template includes a weekly income statement, cash flow
statement and balance sheet. The cash flow projections are based on weekly turnover, gross profit and expense values
that are entered by the user as well as a number of default assumptions which are used to create an automated balance
sheet. The actual results are compiled from the actual account balances that are entered or copied into the template. Our
unique management report enables users to compare the forecast and actual balances by simply selecting the appropriate
week from a list box in a single input cell.
Note: Our unique range of templates also includes a Business Plan Forecast template, Annual Cash Flow Projection
template, Monthly Cash Flow Projection template and a monthly Forecast vs Actual Cash Flow template. Visit the
Templates pages of our website for sample & trial versions of all of these cash flow templates.
The template includes the following sheets:

Assumptions - this sheet includes the default assumptions on which the weekly 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 52 week period. All the rows
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 with no 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 weekly 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 weekly, quarterly and year-to-date basis. All the
calculations on this sheet are automated and users are only required to select the appropriate weekly period 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 cash flow projections 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 52 week 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 week and 51 subsequent
weeks are added to form the 52 week projection period.
Quarters
The number of weeks that need to be included in each of the quarterly totals on the income statement, cash flow statement
and balance sheet can be specified on the Assumptions sheet. The number of weeks for quarter 4 is calculated based on
the input in the other 3 cells (total number of weeks for quarters 1 to 3 deducted from 52).
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Instructions
The income statement, cash flow statement and balance sheet also include the appropriate quarter numbers in the row
above the column headings.
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.
Cash Flow Forecast
Income Statement
All weekly income statement projections need to be entered exclusive of any sales tax that may be applicable.
The complexity of the calculations that are included in the template necessitate including the quarterly totals after all the
weekly periods. You should not attempt to change the default layout of the template. If you want to print the forecast for a
specific quarter together with the quarterly totals, you need to hide all the weekly totals that do not form part of the
appropriate quarter and change the page setup to print the totals on the same page.
The number of weeks that are included in each quarter can be specified on the Assumptions sheet. The quarter which is
displayed above the week end dates in row 4 will automatically be updated.
Turnover & Gross Profits
Weekly turnover values need to be entered on the IncState sheet for all 52 weeks (excluding the quarterly and annual
totals in the columns with dark blue column headings). The projected weekly gross profit percentages also need to be
entered on this sheet and are used in order to calculate the gross profit values. The weekly cost of sales projections are
calculated by simply deducting the gross profit values from the weekly 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: 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
Weekly projections of other income should be entered in this row. Other income may consist of items like interest or
dividends received and this line item is 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
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Instructions
All the weekly 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 quarterly and annual total columns from one of the existing line 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.
Staff Costs
All the weekly 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 quarterly and annual total
columns from one of the existing line 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
Weekly 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 these
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.
Note: Loan repayments & interest charges are calculated based on monthly periods because most business loans are
repaid on a monthly basis. You therefore also need to specify a repayment day as part of the loan assumptions on the
Assumptions sheet and the loan repayments are included in the weekly amortization tables based on the repayment day
that is specified.
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Instructions
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.
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 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.
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Instructions
Note: Income tax payments are included in the appropriate weekly period based on the payment day that is specified on
the Assumptions sheet.
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).
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 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.
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Instructions
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 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 weekly cost of sales in order to
calculate the appropriate inventory balance. This calculation is based on the number of days in a week and the difference
between the days in the assumption and full week days.
Example: If you enter an inventory days assumption of 30 days, the entire cost of sales value for four weeks will be
included in the inventory balance. After including the four weeks, there is a difference of 2 days between the 30 days
assumption and the total days in four weeks. The week 5 cost of sales balance will therefore be used, divided by 7 days
and multiplied by the 2 remaining days.
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 multiple
weeks. 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 weekly 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 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 weekly turnover to calculate the appropriate trade
receivables balance. This calculation is based on the number of days in a week and the difference between the days in the
assumption and full week days.
Example: If you enter a debtors days assumption of 30 days, the entire turnover value for four weeks will be included in the
inventory balance. After including the four weeks, there is a difference of 2 days between the 30 days assumption and the
total days in four weeks. The week 5 turnover balance will be used, divided by 7 days and multiplied by the 2 remaining
days.
Note: The above calculation principle is applied regardless of the number of days which are entered as the debtors days
assumption on the Assumptions sheet even if the value of the debtors days assumption requires the inclusion of multiple
weeks. This method of calculation is the most accurate way of projecting trade receivable balances even for businesses
where there is significant sales volatility.
Page 8 of 70
Instructions
Where sales tax is applicable, the appropriate sales tax value relating to weekly 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.
If you want to include variable weekly debtors days, you can do so by changing the debtors days assumption in the
formula 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 week. 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 week. 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.
Page 9 of 70
Instructions
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, repayment period in years and a selection field which can be used to indicate interest-only
loans. These loan repayment terms are included at the top of the 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.
Note: Loan repayments & interest charges are calculated based on monthly periods because most business loans are
repaid on a monthly basis. You therefore also need to specify a repayment day as part of the loan assumptions on the
Assumptions sheet and the loan repayments are included in the weekly amortization tables based on the repayment day
that is specified.
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.
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 weekly 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 weekly 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 weekly cost of sales, operating expenses and staff costs on the income statement are added together in order to
determine a weekly 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.
Page 10 of 70
Instructions
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 are based on a number of full
weeks with total days of less than the creditors days and part of the previous week's days.
Example: If you enter a creditors days assumption of 30 days, the entire cost of sales & expense value for four weeks will
be included in the inventory balance. After including the four weeks, there is a difference of 2 days between the 30 days
assumption and the total days in four weeks. The week 5 cost of sales & expense value balance will therefore be used,
divided by 7 days and multiplied by the 2 remaining days.
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 multiple
weeks. 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 weekly 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.
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 weekly creditors days, you can do so by changing the creditors days assumption in the
formula 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
Page 11 of 70
Instructions
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.
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.
Page 12 of 70
Instructions
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).
Note: Sales tax payments are included in the appropriate weekly period based on the payment day that is specified on the
Assumptions sheet.
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.
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
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.
Page 13 of 70
Instructions
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 weekly 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.
Note: Payroll accrual related payments are included in the appropriate weekly period based on the payment day that is
specified on the Assumptions sheet.
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 week. 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
weekly 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 14 of 70
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 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 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.
Page 15 of 70
Instructions
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.
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.
Note: Dividend payments are included in the appropriate weekly period based on the payment day that is specified on the
Assumptions sheet.
Forecast Balance Sheet Errors

If the balance sheet for any weekly 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 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 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 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 have 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 forecast 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 week's balance on the
forecast 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 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)
Page 16 of 70
Instructions
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.
Actual Results
Income Statement
Actual weekly 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.
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.
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 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 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 still balance.
Management Report
The management report on the Report sheet can be used to compare forecast and actual account balances on a weekly,
quarterly and year-to-date basis. All the calculations on the this sheet are automated and the report can be compiled for
any weekly 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.
Page 17 of 70
Instructions
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.
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 52 weekly 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 18 of 70
Example (Pty) Limited
Cash Flow Forecast - Assumptions
Business Name Example (Pty) Limited

Start Date 3/1/2021
Quarters On this sheet:

Quarter 1 : Number of Weeks 13 The
1 input values0 on this sheet are used to automate some of the weekly cash fl
Quarter 2 : Number of Weeks 13 calculations.
14 The 13
reporting periods included on the weekly income statement, cash flow
Quarter 3 : Number of Weeks 13 and
27 balance sheet26are determined based on the start date specified at the top of this s
Quarter 4 : Number of Weeks 13
assumptions
40
on this
39
sheet include inventory, trade receivables, trade payables, payro
sales tax, income tax, loan terms, balance sheet opening balances and dividends.
Financial Assumptions - Income Statement
Turnover
Weekly turnover projections need to be entered on the Forecast worksheet.
Gross Profit %
Weekly gross profit percentages need to be entered on the Forecast worksheet.
Other Income
Monthly other income projections need to be entered on the Forecast worksheet.
Operating Expenses
Weekly operating expense projections need to be entered on the Forecast worksheet.
Staff Costs
Weekly staff cost projections need to be entered on the Forecast worksheet.
Weekly 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 weekly 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
Payment Day 6
Sales Tax
Rates
V1 Standard 15.0%
V2 Secondary 0.0%
V3 Zero Rated 0.0%
V4 Exempt 0.0%
Page 19 of 70

Current Or Subsequent Subsequent 0
Payment Day 25
Page 20 of 70
Income Tax
Income Tax % 28.0%
Assessed Loss Carried Over 0
Current Or Subsequent Current 1
Payment Day 25
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 Leases
Interest Rate 10.25% 9.25% 12.50% 11.50%
Repayment Term (in years) 10.0 8.0 5.0 4.0
Interest Only No No No No
Repayment Day 5.0 30.0 1.0 10.0
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 2 2
Cash or Next Next 1
Payment Day 20
Page 21 of 70
some of the weekly cash flow forecast
kly income statement, cash flow statement
te specified at the top of this sheet. Other
eivables, trade payables, payroll accruals,
alances and dividends.
Page 22 of 70
Forecast - Income Statement
© www.excel-skills.com Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1
3/7/2021 3/14/2021 3/21/2021 3/28/2021 4/4/2021 4/11/2021 4/18/2021 4/25/2021 5/2/2021 5/9/2021 5/16/2021 5/23/2021 5/30/2021
Product Sales 60,000 51,440 64,000 65,600 64,200 61,000 54,600 63,000 60,000 64,000 66,000 65,600 62,000
Income From Services 25,000 21,005 25,067 26,513 28,355 27,704 22,523 27,825 23,750 24,267 29,425 29,247 28,158
Total Turnover 85,000 72,445 89,067 92,113 92,555 88,704 77,123 90,825 83,750 88,267 95,425 94,847 90,158
Products 39,000 32,922 41,600 42,640 41,088 38,430 34,398 39,690 37,800 40,320 41,580 41,328 39,060
Services - - - - - - - - - - - - -
Total Cost of Sales 39,000 32,922 41,600 42,640 41,088 38,430 34,398 39,690 37,800 40,320 41,580 41,328 39,060
Products 21,000 18,518 22,400 22,960 23,112 22,570 20,202 23,310 22,200 23,680 24,420 24,272 22,940
Services 25,000 21,005 25,067 26,513 28,355 27,704 22,523 27,825 23,750 24,267 29,425 29,247 28,158
On this sheet:
Total Gross Profit 46,000 39,523 47,467 49,473 51,467 50,274 42,725 51,135 45,950 47,947 53,845 53,519 51,098
This section contains a weekly income statement for a 52 week period. All the rows with yellow
Products 35.0% 36.0% 35.0% 35.0% 36.0% 37.0% 37.0% 37.0% 37.0% 37.0% 37.0% 37.0% 37.0%
highlighting in column A require user input and all other rows are calculated automatically.
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%
Additional turnover & expense rows can be added if required and the template is suitable for both
Gross Profit % 54.1% 54.6% 53.3% 53.7% 55.6% 56.7% 55.4% 56.3% 54.9% 54.3% 56.4% 56.4% 56.7%
service & trade based businesses. The codes in column A relate to automated balance sheet
Other income - -
calculations for sales- tax, trade receivables
-
and500 -
trade payables. The weekly- reporting periods
-
are 500 - - - 500
Operating Expenses determined based on the start date specified at the top of the “Assumptions” sheet.
Accounting Fees - - - - 2,000 - - - 2,000 - - - 2,000
Advertising & Marketing - - - - 5,000 - - - 5,000 - - - 25,000
Bank Charges - - - - 250 - - - 250 - - - 250
Cleaning Expenses - - 800 - - - - 860 - - 860 - -
Computer Expenses - - - - 3,800 - - - - - - - -
Consumables 1,250 - - - - - - - - - 759 - -
Electricity & Water - - - - 1,000 - - - 1,000 - - - 1,000
Entertainment - - - - - - - - - - - - -
Equipment Hire - - - - - 8,000 - - - - - - -
Insurance 2,000 - - - - 2,000 - - - 2,000 - - -
Legal Fees - - - - - - - - - - - - -
Motor Vehicle Expenses - - - - - - - 1,800 - - - - -
Postage - - - - 100 - - - 100 - - - 100
Printing & Stationery - - - - 300 - - - 300 - - - 300
Professional Fees - - - - - - 12,000 - - - - - -
Rent 20,000 - - - - 20,000 - - - 20,000 - - -
Repairs & Maintenance - - - - - - - - - 4,300 - - -
Security - - - - 325 - - - 325 - - - 325
Subscriptions - - - - - - 3,200 - - - - - -
Telephone & Fax - - - - 2,510 - - - 2,510 - - - 2,510
Training - - 4,000 - - - - - - - - - -
Uniforms - - - - - - - - - - - - -
Total Operating Expenses 23,250 - 4,800 - 15,285 30,000 15,200 2,660 11,485 26,300 1,619 - 31,485
Staff Costs
Salaries - - - 70,000 - - - - 70,000 - - - 70,000
Wages 5,800 5,800 5,800 5,800 5,800 5,800 5,800 5,800 5,800 5,800 5,800 5,800 5,800
Total Staff Costs 5,800 5,800 5,800 75,800 5,800 5,800 5,800 5,800 75,800 5,800 5,800 5,800 75,800
Depreciation - - - - 15,000 - - - 15,000 - - - 15,000
Amortization - - - - 1,000 - - - 1,000 - - - 1,000
Total Depreciation & Amortization - - - - 16,000 - - - 16,000 - - - 16,000
Profit / (Loss) before interest & tax 16,950 33,723 36,867 (26,327) 14,882 14,474 21,725 42,675 (56,835) 15,847 46,426 47,719 (71,687)
Interest Paid
Interest - Loans 1 10,250 - - - - 10,201 - - - 10,151 - - -
Interest - Loans 2 - - - - 3,854 - - - 3,827 - - - 3,799
Interest - Loans 3 - - - - - - - - - - - - -
Interest - Leases - 4,073 - - - 4,006 - - - - 3,938 - -
Total Interest Paid 10,250 4,073 - - 3,854 14,206 - - 3,827 10,151 3,938 - 3,799
Profit / (Loss) before tax 6,700 29,650 36,867 (26,327) 11,028 268 21,725 42,675 (60,662) 5,696 42,488 47,719 (75,486)
Taxation 1,876 8,302 10,323 (7,371) 3,088 75 6,083 11,949 (16,985) 1,595 11,897 13,361 (21,136)
Profit / (Loss) for the period 4,824 21,348 26,544 (18,955) 7,940 193 15,642 30,726 (43,677) 4,101 30,591 34,357 (54,350)
Dividends - - - - - - - - - - - - -
Page 23 of 70
Retained earnings for the year 4,824 21,348 26,544 (18,955) 7,940 193 15,642 30,726 (43,677) 4,101 30,591 34,357 (54,350)
Profit / (Loss) % 5.7% 29.5% 29.8% (20.6%) 8.6% 0.2% 20.3% 33.8% (52.2%) 4.6% 32.1% 36.2% (60.3%)
Page 24 of 70
Forecast - Cash Flow Statement
Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1
3/7/2021 3/14/2021 3/21/2021 3/28/2021 4/4/2021 4/11/2021 4/18/2021 4/25/2021 5/2/2021 5/9/2021 5/16/2021 5/23/2021 5/30/2021
Cash flows from operating activities
Profit / (Loss) for the year 4,824 21,348 26,544 (18,955) 7,940 193 15,642 30,726 (43,677) 4,101 30,591 34,357 (54,350)
Interest 10,250 4,073 - - 3,854 14,206 - - 3,827 10,151 3,938 - 3,799
Taxation 1,876 8,302 10,323 (7,371) 3,088 75 6,083 11,949 (16,985) 1,595 11,897 13,361 (21,136)
Adjustment for non-cash expenses:
Depreciation - - - - 15,000 - - - 15,000 - - - 15,000
On this sheet:
Amortization - -
This section includes- a weekly cash
- flow statement
1,000 for a 52 week
- -
period. All - 1,000 - - - 1,000
Reserves - - with yellow
the rows - highlighting- in column A - require user- input and all
- - - - - - -
Changes in operating assets & liabilities other rows are calculated automatically. The weekly reporting periods are
Inventory 667 6,745
determined based(1,933)
on the start(2,973)
date specified(1,898)
at the top of(3,772) 4,722
the “Assumptions” 2,653 3,731 (1,131) (6,030) (3,150) (720)
Trade Receivables 5,850 20,289
sheet. 1,173 (4,837) (14,876) (10,506) 15,237 1,699 8,228 (5,205) (14,295) (8,112) (5,144)
Loans & Advances - - - - - - - - - - - - -
Other Receivables - - - - - - - - - - - - -
Trade Payables (650) (7,640) 7,033 5,185 18,964 1,441 2,912 (12,476) 1,736 (5,888) 819 (6,347) 32,999
Sales Tax 3,413 5,928 6,400 (8,579) 5,427 3,041 4,129 7,271 5,170 3,247 7,834 8,028 (45,258)
Payroll Accruals (18,840) 1,160 1,160 15,160 1,160 (18,640) 1,160 1,160 15,160 (17,480) 1,160 1,160 15,160
Other Accruals (55,000) - - - - - - - - - - - -
Other Provisions (42,000) - - - - - - - - - - - -
Cash generated from operations (89,611) 60,205 50,700 (22,372) 39,659 (13,962) 49,885 42,983 (6,810) (10,610) 35,914 39,298 (58,649)
Interest paid (10,250) (4,073) - - (3,854) (14,206) - - (3,827) (10,151) (3,938) - (3,799)
Taxation paid - - - - - - - - - - - - -
Net cash from operating activities (99,861) 56,132 50,700 (22,372) 35,805 (28,168) 49,885 42,983 (10,637) (20,760) 31,977 39,298 (62,448)
Cash flows from investing activities
Purchases of property, plant & equipment - - - - - - - - - - - - -
Purchases of intangible assets - - - - - - - - - - - - -
Purchases of investments - - - - - - - - - - - - -
Net cash used in investing activities - - - - - - - - - - - - -
Cash flows from financing activities
Proceeds from shareholders' contributions - - - - - - - - - - - - -
Dividends paid - - - - - - - - - - - - -
Proceeds from loans 1 - - - - - - - - - - - - -
Proceeds from finance leases - - - - - - - - - - - - -
Repayment of loans 1 (5,775) - - - - (5,824) - - - (5,874) - - -
Repayment of loans 2 - - - - (3,536) - - - (3,563) - - - (3,591)
Repayment of loans 3 - - - - - - - - - - - - -
Repayment of finance leases - (7,015) - - - (7,082) - - - - (7,150) - -
Net cash from financing activities (5,775) (7,015) - - (3,536) (12,906) - - (3,563) (5,874) (7,150) - (3,591)
Increase / (Decrease) in cash equivalents (105,636) 49,117 50,700 (22,372) 32,269 (41,074) 49,885 42,983 (14,200) (26,634) 24,827 39,298 (66,039)
Cash & cash equivalents at beginning of year 171,000 65,364 114,482 165,181 142,809 175,079 134,004 183,889 226,872 212,672 186,037 210,864 250,161
Cash & cash equivalents at end of year 65,364 114,482 165,181 142,809 175,079 134,004 183,889 226,872 212,672 186,037 210,864 250,161 184,122
Page 25 of 70
6/6/2021 6/13/2021 6/20/2021 6/27/2021 7/4/2021 7/11/2021 7/18/2021 7/25/2021 8/1/2021 8/8/2021 8/15/2021 8/22/2021 8/29/2021
Product Sales 70,000 64,000 64,600 69,000 70,800 69,400 62,000 63,000 70,000 67,600 72,400 71,400 70,600
Total Turnover 102,083 92,000 89,363 97,463 100,300 100,919 90,158 90,825 101,792 97,457 102,265 99,365 98,840
Products 44,100 40,320 40,698 43,470 44,604 43,722 38,440 39,060 43,400 41,912 44,888 44,268 43,066
Services - - - - - - - - - - - - -
Products 25,900 23,680 23,902 25,530 26,196 25,678 23,560 23,940 26,600 25,688 27,512 27,132 27,534
Services 32,083 28,000 24,763 28,463 29,500 31,519 28,158 27,825 31,792 29,857 29,865 27,965 28,240
Products 37.0% 37.0% 37.0% 37.0% 37.0% 37.0% 38.0% 38.0% 38.0% 38.0% 38.0% 38.0% 39.0%
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 % 56.8% 56.2% 54.5% 55.4% 55.5% 56.7% 57.4% 57.0% 57.4% 57.0% 56.1% 55.4% 56.4%
Other income - - - - 500 - - - 500 - - - 500
Operating Expenses
Accounting Fees - - - - 2,000 - - - 2,000 - - - 2,000
Bank Charges - - - - 500 - - - 500 - - - 500
Cleaning Expenses - - 920 - - - 920 - - - 945 - -
Computer Expenses - - - - - - 1,285 - - - - - -
Consumables - - - - - 567 - - - - - - -
Entertainment - - - 12,000 - - - - - - - -
Equipment Hire - - - - - - - - - - - - -
Insurance 2,000 - - - - 2,000 - - - 2,000 - - -
Legal Fees - - - - - - - - - - 12,340 - -
Postage - - - - 100 - - - 100 - - - 100
Professional Fees - - - - - - - - - - - - -
Rent 20,000 - - - - 20,000 - - - 20,000 - - -
Repairs & Maintenance - - - - 2,100 - - - - - - - -
Security - - - - 325 - - - 325 - - - 325
Subscriptions - - - - - - - - - - - - -
Telephone & Fax - - - - 2,510 - - - 2,510 - - - 2,510
Training - - - - - - 4,000 - - - - - -
Uniforms - 2,500 - - - - - - - - - - -
Total Operating Expenses 22,000 2,500 920 12,000 13,835 22,567 6,205 9,000 11,735 22,000 13,285 - 21,735
Staff Costs
Salaries - - - 70,000 - - - - 70,000 - - - 70,000
Wages 5,800 5,800 5,800 5,800 5,800 5,800 5,800 5,800 5,800 5,800 5,800 6,200 6,200
Depreciation - - - - 15,000 - - - 15,000 - - - 15,000
Amortization - - - - 1,000 - - - 1,000 - - - 1,000
Interest Paid
Interest - Loans 1 10,101 - - - - 10,050 - - - 9,999 - - -
Interest - Loans 2 - - - - 3,772 - - - 3,744 - - - -
Interest - Loans 3 - - - - - - - - - - - - -
Interest - Leases - 3,869 - - - 3,800 - - - - 3,730 - -
Total Interest Paid 10,101 3,869 - - 3,772 13,850 - - 3,744 9,999 3,730 - -
Profit / (Loss) before tax 20,083 39,511 41,945 (33,808) 16,789 14,980 39,713 36,965 (48,387) 17,746 34,562 48,897 (57,661)
Taxation 5,623 11,063 11,745 (9,466) 4,701 4,194 11,120 10,350 (13,548) 4,969 9,677 13,691 (16,145)
Profit / (Loss) for the period 14,459 28,448 30,201 (24,341) 12,088 10,786 28,594 26,615 (34,839) 12,777 24,884 35,206 (41,516)
Dividends - - - - - - - - - - - - -
Page 26 of 70
Retained earnings for the year 14,459 28,448 30,201 (24,341) 12,088 10,786 28,594 26,615 (34,839) 12,777 24,884 35,206 (41,516)
Profit / (Loss) % 14.2% 30.9% 33.8% (25.0%) 12.1% 10.7% 31.7% 29.3% (34.2%) 13.1% 24.3% 35.4% (42.0%)
Page 27 of 70
Q2 Q2 Q2 Q2 Q2 Q2 Q2 Q2 Q2 Q2 Q2 Q2 Q2
6/6/2021 6/13/2021 6/20/2021 6/27/2021 7/4/2021 7/11/2021 7/18/2021 7/25/2021 8/1/2021 8/8/2021 8/15/2021 8/22/2021 8/29/2021
Profit / (Loss) for the year 14,459 28,448 30,201 (24,341) 12,088 10,786 28,594 26,615 (34,839) 12,777 24,884 35,206 (41,516)
Interest 10,101 3,869 - - 3,772 13,850 - - 3,744 9,999 3,730 - -
Taxation 5,623 11,063 11,745 (9,466) 4,701 4,194 11,120 10,350 (13,548) 4,969 9,677 13,691 (16,145)
Depreciation - - - - 15,000 - - - 15,000 - - - 15,000
Amortization - - - - 1,000 - - - 1,000 - - - 1,000
Reserves - - - - - - - - - - - - -
Changes in operating assets & liabilities
Inventory (4,500) 900 702 (3,762) (1,944) (2,322) 2,150 3,618 880 2,062 (4,939) (5,385) (906)
Trade Receivables (12,361) 3,654 3,995 (2,522) (2,919) (11,557) 3,077 9,032 (1,410) (1,322) (13,594) (4,416) 1,258
Loans & Advances - - - - - - - - - - - - -
Trade Payables 2,939 (2,862) (28,649) (514) 14,055 3,022 (3,036) (16,221) 11,496 (52) 18,515 (8,748) 21,966
Sales Tax 5,398 7,377 7,162 6,299 6,279 5,195 6,827 (41,871) 6,999 5,032 6,614 8,265 5,106
Payroll Accruals (17,480) 1,160 1,160 15,160 1,160 (18,640) 1,160 1,160 15,160 (17,480) 1,160 1,240 15,240
Other Accruals - - - - - - - - - - - - -
Other Provisions - - - - - - - - - - - - -
Cash generated from operations 4,179 53,608 26,315 (19,147) 53,193 4,528 49,892 (7,317) 4,480 15,985 46,048 39,853 1,003
Interest paid (10,101) (3,869) - - (3,772) (13,850) - - (3,744) (9,999) (3,730) - -
Taxation paid - - - - - - - - - - - - (71,029)
Net cash from operating activities (5,922) 49,739 26,315 (19,147) 49,421 (9,322) 49,892 (7,317) 737 5,986 42,318 39,853 (70,026)
Dividends paid - - - - - - - - - - - - -
Proceeds from loans 2 - - - - - - - - - 100,000 - - -
Repayment of loans 2 - - - - (3,618) - - - (3,646) - - - -
Net cash from financing activities (5,924) (7,219) - - (3,618) (13,262) - - (3,646) 93,974 (7,358) - -
Increase / (Decrease) in cash equivalents (11,846) 42,521 26,315 (19,147) 45,803 (22,584) 49,892 (7,317) (2,910) 99,960 34,960 39,853 (70,026)
Page 28 of 70
9/5/2021 9/12/2021 9/19/2021 9/26/2021 10/3/2021 10/10/2021 10/17/2021 10/24/2021 10/31/2021 11/7/2021 11/14/2021 11/21/2021 11/28/2021
Product Sales 72,400 73,600 74,400 69,800 74,000 72,800 76,200 77,800 74,400 76,000 77,000 74,800 78,000
Total Turnover 101,963 102,120 103,850 100,338 106,992 106,167 106,045 111,513 106,020 106,400 109,725 103,785 111,150
Products 43,440 44,160 44,640 41,880 44,400 43,680 45,720 46,680 44,640 45,600 46,200 44,880 46,800
Services - - - - - - - - - - - - -
Products 28,960 29,440 29,760 27,920 29,600 29,120 30,480 31,120 29,760 30,400 30,800 29,920 31,200
Services 29,563 28,520 29,450 30,538 32,992 33,367 29,845 33,713 31,620 30,400 32,725 28,985 33,150
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% 56.8% 57.0% 58.3% 58.5% 58.9% 56.9% 58.1% 57.9% 57.1% 57.9% 56.8% 57.9%
Other income - - - - 500 - - - 500 - - - 500
Operating Expenses
Accounting Fees - - - - 2,000 - - - 2,000 - - - 2,000
Bank Charges - - - - 500 - - - 500 - - - 500
Computer Expenses - - - 854 - - - - - - - - -
Consumables - - - - - - 764 - - - - - -
Entertainment - - - - - - - - - - - - -
Equipment Hire - - - - - 10,000 - - - - - - -
Insurance 2,000 - - - - 2,000 - - - 2,000 - - -
Legal Fees - - - - - - - 22,000 - - - - -
Motor Vehicle Expenses - - - - - - - - - - - - -
Postage - - - - 100 - - - 100 - - - 100
Professional Fees - - - - - - - - - 3,900 - - -
Rent 20,000 - - - - 20,000 - - - 20,000 - - -
Repairs & Maintenance - 1,900 - - - - - - - - - - -
Security - - - - 325 - - - 325 - - - 325
Subscriptions - - - - - - - - - - - - -
Telephone & Fax - - - - 2,510 - - - 2,510 - - - 2,510
Training - - - - - - - - - - - 4,000 -
Uniforms - - - - - - - - - - - - -
Total Operating Expenses 22,000 1,900 950 854 11,735 32,000 1,714 22,000 14,735 25,900 950 4,000 24,735
Staff Costs
Salaries - - - - 70,000 - - - 70,000 - - - 70,000
Wages 6,200 6,200 6,200 6,200 6,200 6,200 6,200 6,200 6,200 6,200 6,200 6,200 6,200
Depreciation - - - - 15,000 - - - 15,000 - - - 15,000
Amortization - - - - 1,000 - - - 1,000 - - - 1,000
Profit / (Loss) before interest & tax 30,323 49,860 52,060 51,404 (40,843) 24,287 52,411 36,633 (45,055) 28,700 56,375 48,705 (52,085)
Interest Paid
Interest - Loans 1 9,948 - - - - 9,896 - - - 9,843 - - -
Interest - Loans 2 4,487 - - - 4,453 - - - 4,419 - - - -
Interest - Loans 3 - - - - - - - - - - - - -
Interest - Leases - 3,660 - - - 3,589 - - - - 3,517 - -
Total Interest Paid 14,434 3,660 - - 4,453 13,484 - - 4,419 9,843 3,517 - -
Profit / (Loss) before tax 15,889 46,200 52,060 51,404 (45,296) 10,802 52,411 36,633 (49,474) 18,857 52,858 48,705 (52,085)
Taxation 4,449 12,936 14,577 14,393 (12,683) 3,025 14,675 10,257 (13,853) 5,280 14,800 13,637 (14,584)
Profit / (Loss) for the period 11,440 33,264 37,483 37,011 (32,613) 7,778 37,736 26,376 (35,621) 13,577 38,058 35,068 (37,501)
Dividends - - - - - - - - - - - - -
Page 29 of 70
Retained earnings for the year 11,440 33,264 37,483 37,011 (32,613) 7,778 37,736 26,376 (35,621) 13,577 38,058 35,068 (37,501)
Profit / (Loss) % 11.2% 32.6% 36.1% 36.9% (30.5%) 7.3% 35.6% 23.7% (33.6%) 12.8% 34.7% 33.8% (33.7%)
Page 30 of 70
Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3
9/5/2021 9/12/2021 9/19/2021 9/26/2021 10/3/2021 10/10/2021 10/17/2021 10/24/2021 10/31/2021 11/7/2021 11/14/2021 11/21/2021 11/28/2021
Profit / (Loss) for the year 11,440 33,264 37,483 37,011 (32,613) 7,778 37,736 26,376 (35,621) 13,577 38,058 35,068 (37,501)
Interest 14,434 3,660 - - 4,453 13,484 - - 4,419 9,843 3,517 - -
Taxation 4,449 12,936 14,577 14,393 (12,683) 3,025 14,675 10,257 (13,853) 5,280 14,800 13,637 (14,584)
Depreciation - - - - 15,000 - - - 15,000 - - - 15,000
Amortization - - - - 1,000 - - - 1,000 - - - 1,000
Reserves - - - - - - - - - - - - -
Inventory (1,103) (122) (195) 1,529 (1,067) 274 (1,217) (4,011) (960) (1,714) (1,063) 1,526 (1,577)
Trade Receivables (2,813) (1,263) (5,417) (183) (5,705) (3,801) (4,255) (9,573) 711 (328) (1,537) 6,180 (5,712)
Loans & Advances - - - - (10,000) - - - - - - - -
Trade Payables (13,727) (3,235) (18,099) (1,912) 11,852 10,849 2,337 16,407 6,017 575 (24,060) (8,870) 24,042
Sales Tax 5,479 8,409 8,739 (48,089) 7,629 4,573 8,792 6,425 6,997 5,235 9,386 8,236 (59,740)
Payroll Accruals 1,240 (18,800) 1,240 1,240 15,240 (17,720) 1,240 1,240 15,240 (17,720) 1,240 1,240 15,240
Other Accruals - - - - - - - - - - - - -
Cash generated from operations 19,399 34,850 38,329 3,989 (6,895) 18,462 59,307 47,121 (1,050) 14,747 40,341 57,017 (63,832)
Interest paid (14,434) (3,660) - - (4,453) (13,484) - - (4,419) (9,843) (3,517) - -
Taxation paid (16,145) - - - - - - - - - - - -
Net cash from operating activities (11,180) 31,190 38,329 3,989 (11,347) 4,978 59,307 47,121 (5,469) 4,904 36,824 57,017 (63,832)
Dividends paid - - - - - - - - - - - - -
Repayment of loans 2 (4,382) - - - (4,415) - - - (4,449) - - - -
Net cash from financing activities (10,459) (7,428) - - (4,415) (13,628) - - (4,449) (6,181) (7,571) - -
Increase / (Decrease) in cash equivalents (21,639) 23,762 38,329 3,989 (15,763) (8,650) 59,307 47,121 (9,919) (1,277) 29,253 57,017 (63,832)
Page 31 of 70
12/5/2021 12/12/2021 12/19/2021 12/26/2021 1/2/2022 1/9/2022 1/16/2022 1/23/2022 1/30/2022 2/6/2022 2/13/2022 2/20/2022 2/27/2022
Product Sales 70,560 60,240 63,360 48,560 40,816 44,256 54,600 76,496 76,000 77,600 81,200 78,880 77,120
Total Turnover 97,314 87,599 90,816 67,175 56,292 61,036 78,943 109,644 110,517 111,873 113,003 111,418 111,824
Products 42,336 36,144 38,016 29,136 24,490 26,554 32,760 45,898 45,600 46,560 48,720 47,328 46,272
Services - - - - - - - - - - - - -
Products 28,224 24,096 25,344 19,424 16,326 17,702 21,840 30,598 30,400 31,040 32,480 31,552 30,848
Services 26,754 27,359 27,456 18,615 15,476 16,780 24,343 33,148 34,517 34,273 31,803 32,538 34,704
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 % 56.5% 58.7% 58.1% 56.6% 56.5% 56.5% 58.5% 58.1% 58.7% 58.4% 56.9% 57.5% 58.6%
Other income - - - - 500 - - - 500 - - - 500
Operating Expenses
Accounting Fees - - - - 2,000 - - - 2,000 - - - 2,000
Bank Charges - - - - 500 - - - 500 - - - 500
Computer Expenses - - - - - - - - 4,200 - - - -
Consumables - - - 3,556 - - - - - - - - 987
Entertainment - - 22,000 - - - - - - - - - -
Equipment Hire - - - - - - - - - - - - -
Insurance - 2,000 - - - 2,000 - - - 2,000 - - -
Legal Fees - - - - - - - - - - - 14,000 -
Postage - - - - 100 - - - 100 - - - 100
Professional Fees - - - - - - - - - - - 5,000 -
Rent - 20,000 - - - 20,000 - - - 20,000 - - -
Repairs & Maintenance - - - 3,100 - - - - - - - - -
Security - - - - 325 - - - 325 - - - 325
Subscriptions - - - - - - - - - - - - -
Telephone & Fax - - - - 2,510 - - - 2,510 - - - 2,510
Training - - - - - - - - - - 4,000 - -
Uniforms - - - - - - - - - - - - -
Total Operating Expenses - 22,000 22,950 6,656 11,735 22,000 950 3,200 18,935 22,000 4,970 19,000 29,722
Staff Costs
Salaries - - - 75,000 - - - - 70,000 - - - 70,000
Wages 6,200 6,800 6,800 6,800 6,800 6,800 6,800 6,800 6,800 6,800 6,800 6,800 6,800
Depreciation - - - - 15,000 - - - 19,000 - - - 19,000
Amortization - - - - 1,000 - - - 1,000 - - - 1,000
Profit / (Loss) before interest & tax 48,778 22,655 23,050 (50,417) (2,233) 5,683 38,433 53,747 (50,318) 36,513 52,513 38,290 (60,470)
Interest Paid
Interest - Loans 1 9,791 - - - - 9,737 - - - 9,684 - - -
Interest - Loans 2 4,384 - - - 4,350 - - - 4,315 - - - -
Interest - Loans 3 - - - - - - - - - 2,500 - - -
Interest - Leases - 3,444 - - - - 3,371 - - - 3,297 - -
Total Interest Paid 14,175 3,444 - - 4,350 9,737 3,371 - 4,315 12,184 3,297 - -
Profit / (Loss) before tax 34,603 19,211 23,050 (50,417) (6,582) (4,055) 35,062 53,747 (54,633) 24,330 49,216 38,290 (60,470)
Taxation 9,689 5,379 6,454 (14,117) (1,843) (1,135) 9,817 15,049 (15,297) 6,812 13,781 10,721 (16,932)
Profit / (Loss) for the period 24,914 13,832 16,596 (36,300) (4,739) (2,919) 25,244 38,698 (39,336) 17,517 35,436 27,569 (43,538)
Dividends - - - - - - - - - - - - -
Page 32 of 70
Retained earnings for the year 24,914 13,832 16,596 (36,300) (4,739) (2,919) 25,244 38,698 (39,336) 17,517 35,436 27,569 (43,538)
Profit / (Loss) % 25.6% 15.8% 18.3% (54.0%) (8.4%) (4.8%) 32.0% 35.3% (35.6%) 15.7% 31.4% 24.7% (38.9%)
Page 33 of 70
Q4 Q4 Q4 Q4 Q4 Q4 Q4 Q4 Q4 Q4 Q4 Q4 Q4
12/5/2021 12/12/2021 12/19/2021 12/26/2021 1/2/2022 1/9/2022 1/16/2022 1/23/2022 1/30/2022 2/6/2022 2/13/2022 2/20/2022 2/27/2022
Profit / (Loss) for the year 24,914 13,832 16,596 (36,300) (4,739) (2,919) 25,244 38,698 (39,336) 17,517 35,436 27,569 (43,538)
Interest 14,175 3,444 - - 4,350 9,737 3,371 - 4,315 12,184 3,297 - -
Taxation 9,689 5,379 6,454 (14,117) (1,843) (1,135) 9,817 15,049 (15,297) 6,812 13,781 10,721 (16,932)
Depreciation - - - - 15,000 - - - 19,000 - - - 19,000
Amortization - - - - 1,000 - - - 1,000 - - - 1,000
Reserves - - - - - - - - - - - - -
Inventory 2,990 9,885 7,241 17,115 19,122 11,360 4,721 (14,224) (19,783) (20,596) (17,733) (5,184) (587)
Trade Receivables 12,088 22,517 18,544 43,752 42,387 32,133 2,003 (54,204) (60,020) (49,637) (24,038) (1,610) (835)
Loans & Advances 10,000 - - - - - - - - - - - -
Trade Payables (4,884) (18,105) (32,173) (14,163) (2,055) (11,723) 3,266 14,290 35,989 13,712 5,737 10,732 29,862
Sales Tax 8,247 4,418 4,477 4,707 3,010 1,872 6,785 9,082 (46,762) 6,497 8,897 6,764 5,374
Other Accruals - - - - - - - - - - - - 60,000
Other Provisions - - - - - - - - - - - - 30,000
Cash generated from operations 78,458 22,530 22,500 17,355 77,592 20,244 56,567 10,051 (105,534) (31,591) 26,735 50,352 98,705
Interest paid (14,175) (3,444) - - (4,350) (9,737) (3,371) - (4,315) (12,184) (3,297) - -
Taxation paid - - - - - - - - - - - - (79,143)
Net cash from operating activities 64,283 19,086 22,500 17,355 73,242 10,507 53,196 10,051 (109,849) (43,775) 23,439 50,352 19,562
Purchases of property, plant & equipment - - - - - (240,000) - - - - - - -
Net cash used in investing activities - - - - - (240,000) - - - - - - -
Dividends paid - - - - - - - - - - - - -
Proceeds from loans 3 - - - - - 240,000 - - - - - - -
Repayment of loans 2 (4,484) - - - (4,518) - - - (4,553) - - - -
Repayment of loans 3 - - - - - - - - - (2,900) - - -
Repayment of finance leases - (7,644) - - - - (7,717) - - - (7,791) - -
Net cash from financing activities (10,718) (7,644) - - (4,518) 233,713 (7,717) - (4,553) (9,241) (7,791) - -
Increase / (Decrease) in cash equivalents 53,565 11,442 22,500 17,355 68,724 4,220 45,479 10,051 (114,402) (53,016) 15,648 50,352 19,562
Page 34 of 70
© www.excel-skills.com Q1 Q2 Q3 Q4
Total Q1 Total Q2 Total Q3 Total Q4 Total 2022
Product Sales 801,440 884,800 971,200 849,688 3,507,128
Income From Services 338,838 378,030 404,868 357,766 1,479,502
Total Turnover 1,140,278 1,262,830 1,376,068 1,207,454 4,986,630
Products 509,856 551,948 582,720 509,813 2,154,336
Services - - - - -
Total Cost of Sales 509,856 551,948 582,720 509,813 2,154,336
Products 291,584 332,852 388,480 339,875 1,352,792
Services 338,838 378,030 404,868 357,766 1,479,502
Total Gross Profit 630,422 710,882 793,348 697,641 2,832,293
Products 36.4% 37.6% 40.0% 40.0% 38.6%
Services 100.0% 100.0% 100.0% 100.0% 100.0%
Gross Profit % 55.3% 56.3% 57.7% 57.8% 56.8%
Other income 1,500 1,500 1,500 1,500 6,000
Operating Expenses
Accounting Fees 6,000 6,000 6,000 6,000 24,000
Advertising & Marketing 35,000 25,000 31,000 35,000 126,000
Bank Charges 750 1,500 1,500 1,500 5,250
Cleaning Expenses 2,520 2,785 2,850 2,870 11,025
Computer Expenses 3,800 1,285 854 4,200 10,139
Consumables 2,009 567 764 4,543 7,883
Electricity & Water 3,000 3,000 3,000 3,000 12,000
Entertainment - 12,000 - 22,000 34,000
Equipment Hire 8,000 - 10,000 - 18,000
Insurance 6,000 6,000 6,000 6,000 24,000
Legal Fees - 12,340 22,000 14,000 48,340
Motor Vehicle Expenses 1,800 9,000 - 3,200 14,000
Postage 300 300 300 300 1,200
Printing & Stationery 900 900 900 900 3,600
Professional Fees 12,000 - 3,900 5,000 20,900
Rent 60,000 60,000 60,000 60,000 240,000
Repairs & Maintenance 4,300 2,100 1,900 3,100 11,400
Security 975 975 975 975 3,900
Subscriptions 3,200 - - - 3,200
Telephone & Fax 7,530 7,530 7,530 7,530 30,120
Training 4,000 4,000 4,000 4,000 16,000
Uniforms - 2,500 - - 2,500
Total Operating Expenses 162,084 157,782 163,473 184,118 667,457
Staff Costs
Salaries 210,000 210,000 210,000 215,000 845,000
Wages 75,400 76,200 80,600 87,800 320,000
Total Staff Costs 285,400 286,200 290,600 302,800 1,165,000
Depreciation 45,000 45,000 45,000 53,000 188,000
Amortization 3,000 3,000 3,000 3,000 12,000
Total Depreciation & Amortization 48,000 48,000 48,000 56,000 200,000
Profit / (Loss) before interest & tax 136,438 220,400 292,775 156,223 805,836
Interest Paid
Interest - Loans 1 30,602 30,150 29,687 29,212 119,650
Interest - Loans 2 11,481 7,516 13,358 13,050 45,404
Interest - Loans 3 - - - 2,500 2,500
Interest - Leases 12,016 11,400 10,765 10,112 44,293
Total Interest Paid 54,099 49,065 53,810 54,873 211,847
Profit / (Loss) before tax 82,340 171,335 238,964 101,350 593,989
Taxation 23,055 47,974 66,910 28,378 166,317
Profit / (Loss) for the period 59,285 123,361 172,054 72,972 427,672
Dividends - - - - -
Page 35 of 70
Retained earnings for the year 59,285 123,361 172,054 72,972 427,672
Profit / (Loss) % 5.2% 9.8% 12.5% 6.0% 8.6%
Page 36 of 70
Q1 Q2 Q3 Q4
Profit / (Loss) for the year 59,285 123,361 172,054 72,972 427,672
Interest 54,099 49,065 53,810 54,873 211,847
Taxation 23,055 47,974 66,910 28,378 166,317
Depreciation 45,000 45,000 45,000 53,000 188,000
Amortization 3,000 3,000 3,000 3,000 12,000
Reserves - - - - -
Inventory (3,088) (13,446) (9,700) (5,674) (31,909)
Trade Receivables (10,498) (29,085) (33,696) (16,920) (90,199)
Loans & Advances - - (10,000) 10,000 -
Other Receivables - - - - -
Trade Payables 38,087 11,912 2,177 30,485 82,662
Sales Tax 6,051 34,679 (27,931) 23,369 36,169
Payroll Accruals (1,360) 160 160 480 (560)
Other Accruals (55,000) - - 60,000 5,000
Other Provisions (42,000) - - 30,000 (12,000)
Cash generated from operations 116,630 272,620 261,786 343,963 995,000
Interest paid (54,099) (49,065) (53,810) (54,873) (211,847)
Taxation paid - (71,029) (16,145) (79,143) (166,317)
Net cash from operating activities 62,532 152,526 191,830 209,947 616,835
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)
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 (17,472) (17,924) (18,387) (18,862) (72,646)
Repayment of loans 3 - - - (2,900) (2,900)
Repayment of finance leases (21,247) (21,864) (22,498) (23,151) (88,761)
Net cash from financing activities (49,409) 52,948 (54,132) 181,532 130,938
Increase / (Decrease) in cash equivalents 13,122 205,474 137,699 151,479 507,774
Cash & cash equivalents at beginning of year 171,000 184,122 389,596 527,295 171,000
Cash & cash equivalents at end of year 184,122 389,596 527,295 678,774 678,774
Page 37 of 70
Actual Results - Income Statement
3/7/2021 3/14/2021 3/21/2021 3/28/2021 4/4/2021 4/11/2021 4/18/2021 4/25/2021 5/2/2021 5/9/2021 5/16/2021 5/23/2021 5/30/2021
Product Sales 64,000 52,000 60,000 68,000 64,000 62,800 55,400 64,000 65,600 68,000 66,400 64,000 60,000
Total Turnover 88,250 73,845 88,075 97,695 91,504 89,119 81,076 91,825 89,350 92,024 95,531 94,417 90,974
Products 41,600 33,020 38,100 43,180 40,448 39,690 35,013 40,448 41,459 42,976 41,965 40,448 37,620
Services - - - - - - - - - - - - -
Products 22,400 18,980 21,900 24,820 23,552 23,110 20,387 23,552 24,141 25,024 24,435 23,552 22,380
Services 24,250 21,845 28,075 29,695 27,504 26,319 25,676 27,825 23,750 24,024 29,131 30,417 30,974
On this sheet:
This section includes the weekly income statement for actual results. All the rows with
Products 35.0% 36.5% 36.5% 36.5% 36.8% 36.8% 36.8% 36.8% 36.8% 36.8% 36.8% 36.8% 37.3%
yellow highlighting in column A require user input and all the other rows are calculated
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%
automatically. Actual results should be copied or entered onto this sheet at the end of
Gross Profit % 52.9% 55.3% 56.7% 55.8% 55.8% 55.5% 56.8% 56.0% 53.6% 53.3% 56.1% 57.2% 58.6%
each month in order to compare actual results to the cash flow forecast.
Other Income - - - - 500 - - - 500 - - - 500
Operating Expenses
Accounting Fees - - - - 2,000 - - - 2,000 - - - 2,120
Bank Charges - - - - 260 - - - 270 - - - 250
Cleaning Expenses - - - - - - - 900 - - 860 - -
Computer Expenses - - - - 3,000 - - - - - - - -
Consumables 900 - - - - - - - - - 820 - -
Entertainment - - - - - - - - - - - - -
Equipment Hire - - - - - 8,000 - - - - - - -
Insurance 2,000 - - - - 2,000 - - - 2,000 - - -
Legal Fees - - - - - - - - - - - - -
Postage - - - - 125 - - - 125 - - - 125
Professional Fees - - - - - - - 13,520 - - - - -
Rent 20,000 - - - - 20,000 - - - 20,000 - - -
Repairs & Maintenance - - - - - - - - - 4,300 - - -
Security - - - - 325 - - - 325 - - - 325
Subscriptions - - - - - - 3,280 - - - - - -
Telephone & Fax - - - - 2,745 - - - 2,745 - - - 2,745
Training - - 5,540 - - - - - - - - - -
Uniforms - - - - - - - - - - - - -
Total Operating Expenses 22,900 - 5,540 - 13,589 30,000 3,280 14,420 13,599 26,300 1,680 - 30,399
Staff Costs
Salaries - - - 70,000 - - - - 70,000 - - - 70,000
Wages 5,800 5,800 5,800 5,800 5,800 5,800 5,800 5,800 5,800 5,800 5,800 5,800 5,800
Depreciation - - - - 15,000 - - - 15,000 - - - 15,000
Amortization - - - - 1,000 - - - 1,000 - - - 1,000
Interest Paid
Interest - Loans 1 - 11,000 - - - 10,949 - - - 10,898 - - -
Interest - Loans 2 4,167 - - - 4,138 - - - - 4,109 - - -
Interest - Loans 3 - - - - - - - - - - - - -
Interest - Leases - 3,896 - - - - 3,831 - - - 3,765 - -
Total Interest Paid 4,167 14,896 - - 4,138 10,949 3,831 - - 15,008 3,765 - -
Taxation 3,859 5,636 10,818 (5,960) 3,228 750 9,283 8,724 (16,102) 543 11,850 13,487 (19,277)
Dividends - - - - - - - - - - - - -
Page 38 of 70
Profit / (Loss) % 11.2% 19.6% 31.6% (15.7%) 9.6% 2.2% 29.4% 24.4% (45.8%) 1.5% 31.9% 36.7% (53.9%)
Page 39 of 70
Actual Results - Cash Flow Statement
Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1
3/7/2021 3/14/2021 3/21/2021 3/28/2021 4/4/2021 4/11/2021 4/18/2021 4/25/2021 5/2/2021 5/9/2021 5/16/2021 5/23/2021 5/30/2021
Interest 4,167 14,896 - - 4,138 10,949 3,831 - - 15,008 3,765 - -
Taxation 3,859 5,636 10,818 (5,960) 3,228 750 9,283 8,724 (16,102) 543 11,850 13,487 (19,277)
Depreciation - - - - 15,000
On this sheet: - - - 15,000 - - - 15,000
Amortization - -
This section includes- the weekly cash
- flow statement
1,000 - results. All -the calculations
for actual - 1,000 - - - 1,000
Reserves - -
on the cash -
flow statement -
are automated -
and calculated - the balance -sheet for actual
from - - - - - -
Changes in operating assets & liabilities results except for the loan proceeds which need to be entered in the rows highlighted in
Inventory - yellow in column(2,000)
2,000 A. (2,000) (3,000) (6,000) 6,000 2,000 (1,500) (6,500) (5,000) (500) 5,800
Trade Receivables 59,300 (3,600) (12,500) (1,100) - (9,200) 2,900 2,200 (600) (6,100) (11,100) (3,100) 6,500
Loans & Advances - - - - - - - - - - - - -
Trade Payables 3,231 (16,389) 14,476 1,270 34,063 (21,579) 26,323 (23,732) 6,166 (3,370) (10,439) (15,740) 30,359
Sales Tax 3,024 6,824 6,845 (7,447) 3,343 5,255 484 4,399 5,617 4,531 5,071 20,094 (51,107)
Other Accruals (55,000) - - - - - - - - - - - -
Other Provisions (42,000) - - - - - - - - - - - -
Cash generated from operations (11,849) 3,399 46,643 (15,053) 67,760 (35,777) 73,877 17,210 (15,817) (12,373) 25,805 50,109 (45,284)
Interest paid (4,167) (14,896) - - (4,138) (10,949) (3,831) - - (15,008) (3,765) - -
Taxation paid - - - - - (0) - - - - - - -
Net cash from operating activities (16,015) (11,497) 46,643 (15,053) 63,622 (46,726) 70,046 17,210 (15,817) (27,381) 22,040 50,109 (45,284)
Dividends paid - - - - - - - - - - - - -
Repayment of loans 1 - (5,530) - - - (5,581) - - - (5,632) - - -
Repayment of loans 2 (3,420) - - - (3,449) - - - - (3,478) - - -
Net cash from financing activities (3,420) (12,619) - - (3,449) (5,581) (7,153) - - (9,110) (7,219) - -
Increase / (Decrease) in cash equivalents (19,436) (24,115) 46,643 (15,053) 60,173 (52,307) 62,893 17,210 (15,817) (36,490) 14,821 50,109 (45,284)
Page 40 of 70
6/6/2021 6/13/2021 6/20/2021 6/27/2021 7/4/2021 7/11/2021 7/18/2021 7/25/2021 8/1/2021 8/8/2021 8/15/2021 8/22/2021 8/29/2021
Product Sales 72,000 68,000 66,000 66,720 64,800 67,440 72,000 68,800 69,880 65,936 76,544 72,000 74,400
Total Turnover 105,367 100,200 91,506 98,313 95,775 101,166 101,566 97,182 104,215 95,196 109,396 99,406 102,640
Products 45,144 42,636 41,382 41,833 40,630 42,285 45,144 43,138 43,815 41,342 46,386 43,632 45,086
Services - - - - - - - - - - - - -
Products 26,856 25,364 24,618 24,887 24,170 25,155 26,856 25,662 26,065 24,594 30,158 28,368 29,314
Services 33,367 32,200 25,506 31,593 30,975 33,726 29,566 28,382 34,335 29,260 32,852 27,406 28,240
Products 37.3% 37.3% 37.3% 37.3% 37.3% 37.3% 37.3% 37.3% 37.3% 37.3% 39.4% 39.4% 39.4%
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 % 57.2% 57.4% 54.8% 57.4% 57.6% 58.2% 55.6% 55.6% 58.0% 56.6% 57.6% 56.1% 56.1%
Other Income - - - - 500 - - - 500 - - - 500
Operating Expenses
Accounting Fees - - - - 2,120 - - - 2,120 - - - 2,120
Advertising & Marketing - - - - - 7,000 - - 6,500 - - - 15,000
Bank Charges - - - - 450 - - - 450 - - - 480
Cleaning Expenses - - 920 - - - 1,030 - - - 850 - -
Computer Expenses - - - - - - - - - - - - -
Consumables - - - - - - - - - - - - -
Entertainment - - - 13,800 - - - - - - - -
Equipment Hire - - - - - - - - - - - - -
Insurance 2,000 - - - - 2,000 - - - 2,000 - - -
Legal Fees - - - - - - - - - - 15,400 - -
Postage - - - - 125 - - - 125 - - - 125
Professional Fees - - - - - - - - - - - - -
Rent 20,000 - - - - 20,000 - - - 20,000 - - -
Repairs & Maintenance - - - - 2,100 - - - - - - - -
Security - - - - 325 - - - 325 - - - 325
Subscriptions - - - - - - - - - - - - -
Telephone & Fax - - - - 2,745 - - - 2,745 - - - 2,745
Training - - - - - - - - - - - 6,200 -
Uniforms - 3,500 - - - - - - - - - - -
Total Operating Expenses 22,000 3,500 920 13,800 9,199 29,000 1,030 13,520 13,599 22,000 16,250 6,200 22,129
Staff Costs
Salaries - - - 70,000 - - - - 70,000 - - - 70,000
Wages 5,800 5,800 5,800 5,800 5,800 5,800 5,800 5,800 5,800 5,800 5,800 6,500 6,500
Depreciation - - - - 15,000 - - - 15,000 - - - 15,000
Amortization - - - - 1,000 - - - 1,000 - - - 1,000
Interest Paid
Interest - Loans 1 - 10,847 - - - 10,794 - - - 10,742 - - -
Interest - Loans 2 4,080 - - - 4,051 - - - - 4,855 - - -
Interest - Loans 3 - - - - - - - - - - - - -
Interest - Leases - 3,699 - - - - 3,632 - - - 3,565 - -
Total Interest Paid 4,080 14,546 - - 4,051 10,794 3,632 - - 15,597 3,565 - -
Taxation 7,936 9,441 12,153 (9,274) 5,627 3,720 12,869 9,723 (12,600) 2,928 10,471 12,061 (15,981)
Dividends - - - - - - - - - - - - -
Page 41 of 70
Profit / (Loss) % 19.4% 24.2% 34.2% (24.3%) 15.6% 9.5% 32.6% 25.7% (30.6%) 7.9% 24.6% 31.2% (39.6%)
Page 42 of 70
Q2 Q2 Q2 Q2 Q2 Q2 Q2 Q2 Q2 Q2 Q2 Q2 Q2
6/6/2021 6/13/2021 6/20/2021 6/27/2021 7/4/2021 7/11/2021 7/18/2021 7/25/2021 8/1/2021 8/8/2021 8/15/2021 8/22/2021 8/29/2021
Interest 4,080 14,546 - - 4,051 10,794 3,632 - - 15,597 3,565 - -
Taxation 7,936 9,441 12,153 (9,274) 5,627 3,720 12,869 9,723 (12,600) 2,928 10,471 12,061 (15,981)
Depreciation - - - - 15,000 - - - 15,000 - - - 15,000
Amortization - - - - 1,000 - - - 1,000 - - - 1,000
Reserves - - - - - - - - - - - - -
Inventory (3,200) (1,100) (3,300) (1,200) 3,900 100 (4,500) (2,200) (2,800) 2,400 (2,600) (420) (2,780)
Trade Receivables (5,900) (1,400) (1,700) (6,900) 4,700 2,100 (6,800) (2,800) (5,700) 900 (7,300) (2,800) (6,100)
Loans & Advances - - - - - - - - - - - - -
Trade Payables 19,807 (14,691) (17,450) (4,695) 15,445 (99) (1,445) (11,954) 16,175 7,359 7,024 (18,405) 37,287
Sales Tax 5,613 2,797 9,805 4,724 3,783 12,496 3,771 10,731 (49,436) 2,947 9,514 1,134 12,667
Payroll Accruals 1,187 (19,069) 1,187 15,509 1,187 (17,882) 1,187 1,187 15,509 1,187 (19,069) 1,269 15,591
Other Accruals - - - - - - - - - - - - -
Cash generated from operations 49,930 14,801 31,945 (25,682) 69,661 20,795 41,805 29,687 (54,751) 40,846 28,529 23,852 16,090
Interest paid (4,080) (14,546) - - (4,051) (10,794) (3,632) - - (15,597) (3,565) - -
Taxation paid - - - - - - - - - - - - -
Net cash from operating activities 45,849 255 31,945 (25,682) 65,610 10,001 38,173 29,687 (54,751) 25,249 24,964 23,852 16,090
Dividends paid - - - - - - - - - - - - -
Proceeds from loans 2 - - - - - - - - - 100,000 - - -
Repayment of loans 1 - (5,683) - - - (5,736) - - - (5,788) - - -
Net cash from financing activities (3,507) (12,969) - - (3,536) (5,736) (7,352) - - 89,962 (7,419) - -
Increase / (Decrease) in cash equivalents 42,343 (12,714) 31,945 (25,682) 62,074 4,265 30,821 29,687 (54,751) 115,211 17,545 23,852 16,090
Page 43 of 70
9/5/2021 9/12/2021 9/19/2021 9/26/2021 10/3/2021 10/10/2021 10/17/2021 10/24/2021 10/31/2021 11/7/2021 11/14/2021 11/21/2021 11/28/2021
Product Sales 67,680 74,800 78,400 80,960 84,320 86,880 79,120 79,680 82,120 82,800 83,760 79,856 71,632
Total Turnover 96,061 105,031 109,323 114,857 117,972 119,579 108,070 116,090 115,005 115,328 115,831 110,580 108,097
Products 41,014 45,329 47,510 49,062 51,098 52,649 47,630 47,967 49,436 49,846 50,424 48,073 43,122
Services - - - - - - - - - - - - -
Products 26,666 29,471 30,890 31,898 33,222 34,231 31,490 31,713 32,684 32,954 33,336 31,783 28,510
Services 28,381 30,231 30,923 33,897 33,652 32,699 28,950 36,410 32,885 32,528 32,071 30,724 36,465
Products 39.4% 39.4% 39.4% 39.4% 39.4% 39.4% 39.8% 39.8% 39.8% 39.8% 39.8% 39.8% 39.8%
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 % 57.3% 56.8% 56.5% 57.3% 56.7% 56.0% 55.9% 58.7% 57.0% 56.8% 56.5% 56.5% 60.1%
Other Income - - - - 500 - - - 500 - - - 500
Operating Expenses
Accounting Fees - - - - 2,120 - - - 2,120 - - - 2,120
Bank Charges - - - - 480 - - - 480 - - - 480
Computer Expenses - - - 2,000 - - - - - - - - -
Consumables - - - - - - 850 - - - - - -
Entertainment - - - - - - - - - - - - -
Equipment Hire - - - - - 9,200 - - - - - - -
Insurance 2,200 - - - - 2,200 - - - 2,200 - - -
Legal Fees - - - - - - - 7,520 - - - - -
Postage - - - - 125 - - - 125 - - - 125
Professional Fees - - - - - - - - 5,580 - - - -
Rent 20,000 - - - - 21,500 - - - 21,500 - - -
Repairs & Maintenance - 1,900 - - - - - - - - - - -
Security - - - - 325 - - - 325 - - - 325
Subscriptions - - - - - - - - - - - - -
Telephone & Fax - - - - 2,745 - - - 2,745 - - - 2,745
Training - - - - - - - - - - - 2,100 -
Uniforms - - - - - - - - - 810 - - -
Total Operating Expenses 22,200 1,900 970 2,000 10,129 32,900 1,820 7,520 22,909 24,510 970 2,100 32,429
Staff Costs
Salaries - - - - 75,000 - - - 75,000 - - - 75,000
Wages 6,500 6,500 6,500 6,500 6,500 6,500 6,500 6,500 6,500 6,500 6,500 6,500 6,500
Depreciation - - - - 15,000 - - - 15,000 - - - 15,000
Amortization - - - - 1,000 - - - 1,000 - - - 1,000
Profit / (Loss) before interest & tax 26,347 51,302 54,342 57,295 (40,255) 27,530 52,119 54,103 (54,340) 34,472 57,937 53,907 (64,454)
Interest Paid
Interest - Loans 1 - 10,689 - - - 10,635 - - - - 10,581 - -
Interest - Loans 2 4,820 - - - 4,784 - - - - 4,748 - - -
Interest - Loans 3 - - - - - - - - - - - - -
Interest - Leases - - 3,497 - - - 3,428 - - - 3,359 - -
Total Interest Paid 4,820 10,689 3,497 - 4,784 10,635 3,428 - - 4,748 13,940 - -
Profit / (Loss) before tax 21,527 40,614 50,845 57,295 (45,039) 16,895 48,691 54,103 (54,340) 29,724 43,997 53,907 (64,454)
Taxation 6,028 11,372 14,237 16,043 (12,751) 4,731 13,634 15,149 (15,355) 8,323 12,319 15,094 (18,187)
Profit / (Loss) for the period 15,499 29,242 36,609 41,252 (32,288) 12,164 35,058 38,954 (38,985) 21,402 31,678 38,813 (46,267)
Dividends - - - - - - - - - - - - -
Page 44 of 70
Retained earnings for the year 15,499 29,242 36,609 41,252 (32,288) 12,164 35,058 38,954 (38,985) 21,402 31,678 38,813 (46,267)
Profit / (Loss) % 16.1% 27.8% 33.5% 35.9% (27.4%) 10.2% 32.4% 33.6% (33.9%) 18.6% 27.3% 35.1% (42.8%)
Page 45 of 70
Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3
9/5/2021 9/12/2021 9/19/2021 9/26/2021 10/3/2021 10/10/2021 10/17/2021 10/24/2021 10/31/2021 11/7/2021 11/14/2021 11/21/2021 11/28/2021
Profit / (Loss) for the year 15,499 29,242 36,609 41,252 (32,288) 12,164 35,058 38,954 (38,985) 21,402 31,678 38,813 (46,267)
Interest 4,820 10,689 3,497 - 4,784 10,635 3,428 - - 4,748 13,940 - -
Taxation 6,028 11,372 14,237 16,043 (12,751) 4,731 13,634 15,149 (15,355) 8,323 12,319 15,094 (18,187)
Depreciation - - - - 15,000 - - - 15,000 - - - 15,000
Amortization - - - - 1,000 - - - 1,000 - - - 1,000
Reserves - - - - - - - - - - - - -
Inventory 3,100 (200) (4,500) (6,670) (10,330) (8,000) 800 2,300 2,900 1,000 (3,400) 700 8,080
Trade Receivables (700) (1,600) (6,400) (9,100) (18,400) (17,600) (2,200) 700 1,500 4,200 (3,000) (400) 12,200
Loans & Advances - - - - (10,000) - - - - - - - -
Trade Payables (29,378) 6,677 (30,056) 6,784 27,340 (1,324) 15,829 12,514 8,343 (3,200) (28,844) (29,782) 56,492
Sales Tax 774 10,730 8,096 12,726 (55,728) 5,635 9,200 9,360 1,718 6,832 19,486 1,584 (56,820)
Other Accruals - - - - - - - - - - - - -
Cash generated from operations 1,411 48,864 22,750 62,304 (75,783) (11,886) 77,017 80,246 (8,288) 44,572 22,783 27,277 (12,911)
Interest paid (4,820) (10,689) (3,497) - (4,784) (10,635) (3,428) - - (4,748) (13,940) - -
Taxation paid (81,941) - - - - - - - - - - - -
Net cash from operating activities (85,349) 38,175 19,253 62,304 (80,567) (22,521) 73,588 80,246 (8,288) 39,824 8,843 27,277 (12,911)
Dividends paid - - - - - - - - - - - - -
Repayment of loans 1 - (5,841) - - - (5,895) - - - - (5,949) - -
Repayment of finance leases - - (7,487) - - - (7,556) - - - (7,625) - -
Net cash from financing activities (4,285) (5,841) (7,487) - (4,321) (5,895) (7,556) - - (4,357) (13,574) - -
Increase / (Decrease) in cash equivalents (89,634) 32,334 11,766 62,304 (84,887) (28,416) 66,032 80,246 (8,288) 35,468 (4,731) 27,277 (12,911)
Page 46 of 70
12/5/2021 12/12/2021 12/19/2021 12/26/2021 1/2/2022 1/9/2022 1/16/2022 1/23/2022 1/30/2022 2/6/2022 2/13/2022 2/20/2022 2/27/2022
Product Sales 74,168 66,080 57,680 53,040 44,640 40,080 71,440 84,624 84,624 88,160 87,120 79,760 83,552
Total Turnover 102,527 92,892 85,685 70,910 60,580 57,196 98,217 122,413 124,318 122,776 118,287 112,298 116,868
Products 44,649 39,318 34,320 31,559 26,561 23,848 42,507 50,351 50,351 52,455 51,836 47,457 49,713
Services - - - - - - - - - - - - -
Products 29,519 26,762 23,360 21,481 18,079 16,232 28,933 34,273 34,273 35,705 35,284 32,303 33,839
Services 28,359 26,812 28,005 17,870 15,940 17,116 26,777 37,789 39,694 34,616 31,167 32,538 33,316
Products 39.8% 40.5% 40.5% 40.5% 40.5% 40.5% 40.5% 40.5% 40.5% 40.5% 40.5% 40.5% 40.5%
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 % 56.5% 57.7% 59.9% 55.5% 56.2% 58.3% 56.7% 58.9% 59.5% 57.3% 56.2% 57.7% 57.5%
Other Income - - - - 500 - - - 500 - - - 500
Operating Expenses
Accounting Fees - - - - 2,120 - - - 2,120 - - - 2,120
Bank Charges - - - - 480 - - - 480 - - - 480
Computer Expenses - - - - - - - - 3,500 - - - -
Consumables - - - 820 - - - - - - - - 900
Entertainment - - 18,540 - - - - - - - - - -
Equipment Hire - - - - - - - - - - - - -
Insurance - 2,200 - - - 2,200 - - - 2,200 - - -
Legal Fees - - - - - - - - - - - - -
Motor Vehicle Expenses - - - - - - - - 4,000 - - - -
Postage - - - - 125 - - - 125 - - - 125
Professional Fees - - - - - - - - - - - 4,853 -
Rent - 21,500 - - - 21,500 - - - 21,500 - - -
Repairs & Maintenance - - - 3,100 - - - - - - - - -
Security - - - - 325 - - - 325 - - - 325
Subscriptions - - - - - - - - - - - - -
Telephone & Fax - - - - 2,745 - - - 2,745 - - - 2,745
Training - - - - - - - - - - 3,350 - -
Uniforms - - - - - - - - - - - - -
Total Operating Expenses - 23,700 19,510 3,920 10,179 23,700 970 - 24,729 23,700 4,320 4,853 26,329
Staff Costs
Salaries - - - 75,000 - - - - 75,000 - - - 75,000
Wages 6,500 6,500 6,500 6,500 6,500 6,500 6,500 6,500 6,500 6,500 6,500 6,500 6,500
Depreciation - - - - 15,000 - - - 15,000 - - - 20,000
Amortization - - - - 1,000 - - - 1,000 - - - 1,000
Interest Paid
Interest - Loans 1 - 10,527 - - - 10,472 - - - - 10,416 - -
Interest - Loans 2 4,712 - - - 4,675 - - - - 4,638 - - -
Interest - Loans 3 - - - - - - - - - 2,396 - - -
Interest - Leases - - 3,289 - - - 3,219 - - - 3,147 - -
Total Interest Paid 4,712 10,527 3,289 - 4,675 10,472 3,219 - - 7,034 13,564 - -
Profit / (Loss) before tax 46,666 12,848 22,066 (46,069) (2,835) (7,323) 45,021 65,562 (47,762) 33,087 42,067 53,488 (61,175)
Taxation 13,067 3,597 6,179 (12,899) (934) (2,051) 12,606 18,357 (13,513) 9,264 11,779 14,977 (17,269)
Profit / (Loss) for the period 33,600 9,250 15,888 (33,169) (1,901) (5,273) 32,415 47,204 (34,249) 23,823 30,288 38,511 (43,906)
Dividends - - - - - - - - - - - - -
Page 47 of 70
Retained earnings for the year 33,600 9,250 15,888 (33,169) (1,901) (5,273) 32,415 47,204 (34,249) 23,823 30,288 38,511 (43,906)
Profit / (Loss) % 32.8% 10.0% 18.5% (46.8%) (3.1%) (9.2%) 33.0% 38.6% (27.5%) 19.4% 25.6% 34.3% (37.6%)
Page 48 of 70
Q4 Q4 Q4 Q4 Q4 Q4 Q4 Q4 Q4 Q4 Q4 Q4 Q4
12/5/2021 12/12/2021 12/19/2021 12/26/2021 1/2/2022 1/9/2022 1/16/2022 1/23/2022 1/30/2022 2/6/2022 2/13/2022 2/20/2022 2/27/2022
Profit / (Loss) for the year 33,600 9,250 15,888 (33,169) (1,901) (5,273) 32,415 47,204 (34,249) 23,823 30,288 38,511 (43,906)
Interest 4,712 10,527 3,289 - 4,675 10,472 3,219 - - 7,034 13,564 - -
Taxation 13,067 3,597 6,179 (12,899) (934) (2,051) 12,606 18,357 (13,513) 9,264 11,779 14,977 (17,269)
Depreciation - - - - 15,000 - - - 15,000 - - - 20,000
Amortization - - - - 1,000 - - - 1,000 - - - 1,000
Reserves - - - - - - - - - - - - -
Inventory 6,800 12,620 14,500 15,200 19,500 17,000 (12,000) (26,000) (31,000) (26,000) (8,000) 4,400 1,900
Trade Receivables 10,600 21,700 29,100 26,200 36,000 35,400 (14,200) (37,800) (47,000) (58,500) (30,800) 1,400 1,300
Loans & Advances 10,000 (10,000) - - - - - - - - - - -
Other Receivables - - - - - 3,000 - - - - - - -
Trade Payables (39,058) 12,178 (41,419) (28,272) 13,621 (28,278) 15,220 13,409 50,085 (8,204) 5,507 19,443 30,161
Sales Tax 11,827 4,639 3,323 8,347 (475) (1,422) 10,876 7,926 (45,505) 6,083 11,343 (983) 8,075
Other Accruals - - - - - - - - - - - - 50,000
Cash generated from operations 52,816 46,506 32,251 (7,857) 87,878 9,329 49,527 24,489 (89,469) (45,109) 13,794 79,139 98,974
Interest paid (4,712) (10,527) (3,289) - (4,675) (10,472) (3,219) - - (7,034) (13,564) - -
Taxation paid - (0) - - - - - - - - - - -
Net cash from operating activities 48,104 35,980 28,962 (7,857) 83,203 (1,142) 46,308 24,489 (89,469) (52,143) 231 79,139 98,974
Purchases of property, plant & equipment - - - - - - - - - (250,000) - - -
Net cash used in investing activities - - - - - - - - - (250,000) - - -
Dividends paid - - - - - - - - - - - - -
Proceeds from loans 3 - - - - - 250,000 - - - - - - -
Repayment of loans 1 - (6,003) - - - (6,058) - - - - (6,114) - -
Repayment of loans 3 - - - - - (250,000) - - - 246,898 - - -
Repayment of finance leases - - (7,695) - - - (7,766) - - - (7,837) - -
Net cash from financing activities (4,393) (6,003) (7,695) - (4,429) (6,058) (7,766) - - 242,431 (13,951) - -
Increase / (Decrease) in cash equivalents 43,711 29,976 21,267 (7,857) 78,773 (7,201) 38,543 24,489 (89,469) (59,711) (13,720) 79,139 98,974
Page 49 of 70
Product Sales 814,200 904,520 1,032,008 914,968 3,665,696
Income From Services 349,484 397,406 419,814 370,000 1,536,704
Total Turnover 1,163,684 1,301,926 1,451,822 1,284,968 5,202,400
Products 515,966 562,452 623,161 544,925 2,246,505
Services - - - - -
Total Cost of Sales 515,966 562,452 623,161 544,925 2,246,505
Products 298,234 342,068 408,847 370,043 1,419,191
Services 349,484 397,406 419,814 370,000 1,536,704
Total Gross Profit 647,717 739,474 828,661 740,043 2,955,896
Products 36.6% 37.8% 39.6% 40.4% 38.7%
Services 100.0% 100.0% 100.0% 100.0% 100.0%
Gross Profit % 55.7% 56.8% 57.1% 57.6% 56.8%
Other Income 1,500 1,500 1,500 1,500 6,000
Operating Expenses
Accounting Fees 6,120 6,360 6,360 6,360 25,200
Advertising & Marketing 34,100 28,500 38,500 31,450 132,550
Bank Charges 780 1,380 1,440 1,440 5,040
Cleaning Expenses 1,760 2,800 2,910 2,910 10,380
Computer Expenses 3,000 - 2,000 3,500 8,500
Consumables 1,720 - 850 1,720 4,290
Electricity & Water 3,450 3,450 3,450 3,450 13,800
Entertainment - 13,800 - 18,540 32,340
Equipment Hire 8,000 - 9,200 - 17,200
Insurance 6,000 6,000 6,600 6,600 25,200
Legal Fees - 15,400 7,520 - 22,920
Motor Vehicle Expenses - 13,520 - 4,000 17,520
Postage 375 375 375 375 1,500
Printing & Stationery 552 552 552 552 2,208
Professional Fees 13,520 - 5,580 4,853 23,953
Rent 60,000 60,000 63,000 64,500 247,500
Repairs & Maintenance 4,300 2,100 1,900 3,100 11,400
Security 975 975 975 975 3,900
Subscriptions 3,280 - - - 3,280
Telephone & Fax 8,235 8,235 8,235 8,235 32,940
Training 5,540 6,200 2,100 3,350 17,190
Uniforms - 3,500 810 - 4,310
Total Operating Expenses 161,707 173,147 162,357 165,910 663,121
Staff Costs
Salaries 210,000 210,000 225,000 225,000 870,000
Wages 75,400 76,800 84,500 84,500 321,200
Total Staff Costs 285,400 286,800 309,500 309,500 1,191,200
Depreciation 45,000 45,000 45,000 50,000 185,000
Amortization 3,000 3,000 3,000 3,000 12,000
Total Depreciation & Amortization 48,000 48,000 48,000 53,000 197,000
Profit / (Loss) before interest & tax 154,110 233,027 310,304 213,133 910,575
Interest Paid
Interest - Loans 1 32,847 32,383 31,905 31,414 128,550
Interest - Loans 2 12,414 12,987 14,352 14,025 53,777
Interest - Loans 3 - - - 2,396 2,396
Interest - Leases 11,492 10,896 10,284 9,655 42,328
Total Interest Paid 56,754 56,266 56,541 57,490 227,051
Profit / (Loss) before tax 97,357 176,761 253,763 155,642 683,524
Taxation 26,840 49,073 70,634 43,160 189,707
Profit / (Loss) for the period 70,517 127,688 183,130 112,482 493,817
Dividends - - - - -
Page 50 of 70
Retained earnings for the year 70,517 127,688 183,130 112,482 493,817
Profit / (Loss) % 6.1% 9.8% 12.6% 8.8% 9.5%
Page 51 of 70
Q1 Q2 Q3 Q4
Profit / (Loss) for the year 70,517 127,688 183,130 112,482 493,817
Interest 56,754 56,266 56,541 57,490 227,051
Taxation 26,840 49,073 70,634 43,160 189,707
Depreciation 45,000 45,000 45,000 50,000 185,000
Amortization 3,000 3,000 3,000 3,000 12,000
Reserves - - - - -
Inventory (10,700) (17,700) (14,220) (11,080) (53,700)
Trade Receivables 23,600 (39,700) (40,800) (26,600) (83,500)
Loans & Advances - - (10,000) - (10,000)
Other Receivables - - - 3,000 3,000
Trade Payables 24,640 34,359 11,395 14,394 84,789
Sales Tax 6,933 30,545 (26,406) 24,054 35,125
Payroll Accruals (931) (1,023) 82 368 (1,504)
Other Accruals (55,000) - - 50,000 (5,000)
Other Provisions (42,000) - - 32,000 (10,000)
Cash generated from operations 148,652 287,508 278,355 352,269 1,066,784
Interest paid (56,754) (56,266) (56,541) (57,490) (227,051)
Taxation paid (0) - (81,941) (0) (81,941)
Net cash from operating activities 91,899 231,242 139,873 294,778 757,793
Purchases of property, plant & equipment - - - (250,000) (250,000)
Purchases of intangible assets - - - - -
Purchases of investments - - - - -
Net cash used in investing activities - - - (250,000) (250,000)
Proceeds from shareholders' contributions - - - - -
Dividends paid - - - - -
Proceeds from loans 1 - - - - -
Proceeds from loans 2 - 100,000 - - 100,000
Proceeds from loans 3 - - - 250,000 250,000
Proceeds from finance leases - - - - -
Repayment of loans 3 - - - (3,102) (3,102)
Repayment of finance leases (21,461) (22,057) (22,669) (23,298) (89,484)
Net cash from financing activities (48,551) 49,444 (53,315) 192,136 139,714
Increase / (Decrease) in cash equivalents 43,348 280,687 86,558 236,914 647,506
Cash & cash equivalents at beginning of year 171,000 214,348 495,035 581,593 171,000
Cash & cash equivalents at end of year 214,348 495,035 581,593 818,506 818,506
Page 52 of 70
Forecast - Balance Sheet
© www.excel-skills.com Q0 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1
2/28/2021 3/7/2021 3/14/2021 3/21/2021 3/28/2021 4/4/2021 4/11/2021 4/18/2021 4/25/2021 5/2/2021 5/9/2021 5/16/2021 5/23/2021 5/30/2021
ASSETS
Non-Current Assets
Property, Plant & Equipment 1,050,000 1,050,000 1,050,000 1,050,000 1,050,000 1,035,000 1,035,000 1,035,000 1,035,000 1,020,000 1,020,000 1,020,000 1,020,000 1,005,000
Intangible Assets 120,000 120,000 120,000 120,000 120,000 119,000 119,000 119,000 119,000 118,000 118,000 118,000 118,000 117,000
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 1,970,000 1,970,000 1,970,000 1,970,000 1,954,000 1,954,000 1,954,000 1,954,000 1,938,000 1,938,000 1,938,000 1,938,000 1,922,000
Current Assets
Inventory 170,000 169,333 162,588 164,522 167,495 169,392 173,164 168,442 165,789 162,057 163,188 169,218 172,368 173,088
Trade Receivables 370,000 364,150 343,861 342,688On this sheet:
347,526 362,402 372,908 357,671 355,971 347,743 352,948 367,243 375,355 380,498
Loans & Advances 55,000 55,000
This 55,000a weekly55,000
section contains 55,000
forecast balance sheet for 55,000 55,000All the 55,000
a 52 week period. 55,000 55,000 55,000 55,000 55,000 55,000
Other Receivables 53,000 53,000
calculations 53,000
on the 53,000 sheet53,000
forecast balance are automated 53,000 53,000
and no user input is 53,000 53,000 53,000 53,000 53,000 53,000 53,000
Cash & Cash Equivalents 171,000 required.
65,364 The entire balance 165,181
114,482 sheet is calculated based on
142,809 the values on
175,079 the weekly 183,889
134,004 226,872 212,672 186,037 210,864 250,161 184,122
819,000 income statement
706,848 and cash flow
728,931 statement on
780,391 the “Forecast”
765,830 sheet.
814,873 788,076 818,001 856,632 830,472 810,174 855,325 905,884 845,709
Total Assets 2,789,000 2,676,848 2,698,931 2,750,391 2,735,830 2,768,873 2,742,076 2,772,001 2,810,632 2,768,472 2,748,174 2,793,325 2,843,884 2,767,709
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 400,000 404,824 426,172 452,716 433,761 441,701 441,894 457,535 488,261 444,585 448,686 479,277 513,635 459,285
401,000 405,824 427,172 453,716 434,761 442,701 442,894 458,535 489,261 445,585 449,686 480,277 514,635 460,285
Non-Current Liabilities
Long Term Loans 1 1,200,000 1,194,225 1,194,225 1,194,225 1,194,225 1,194,225 1,188,401 1,188,401 1,188,401 1,188,401 1,182,528 1,182,528 1,182,528 1,182,528
Long Term Loans 2 500,000 500,000 500,000 500,000 500,000 496,464 496,464 496,464 496,464 492,901 492,901 492,901 492,901 489,310
Long Term Loans 3 - - - - - - - - - - - - - -
Finance Leases 425,000 425,000 417,985 417,985 417,985 417,985 410,903 410,903 410,903 410,903 410,903 403,753 403,753 403,753
2,125,000 2,119,225 2,112,210 2,112,210 2,112,210 2,108,674 2,095,768 2,095,768 2,095,768 2,092,205 2,086,331 2,079,181 2,079,181 2,075,591
Current Liabilities
Bank Overdraft - - - - - - - - - - - - - -
Trade Payables 130,000 129,350 121,710 128,743 133,927 152,891 154,332 157,243 144,768 146,504 140,616 141,435 135,088 168,087
Sales Tax 16,000 19,413 25,341 31,741 23,162 28,589 31,630 35,759 43,030 48,200 51,447 59,281 67,309 22,051
Payroll Accruals 20,000 1,160 2,320 3,480 18,640 19,800 1,160 2,320 3,480 18,640 1,160 2,320 3,480 18,640
Other Accruals 55,000 - - - - - - - - - - - - -
Provision For Taxation - 1,876 10,178 20,501 13,129 16,217 16,292 22,375 34,324 17,339 18,933 30,830 44,191 23,055
Dividends Payable - - - - - - - - - - - - - -
Other Provisions 42,000 - - - - - - - - - - - - -
263,000 151,799 159,549 184,464 188,858 217,497 203,414 217,697 225,602 230,683 212,157 233,866 250,068 231,833
Total Equity & Liabilities 2,789,000 2,676,848 2,698,931 2,750,391 2,735,830 2,768,873 2,742,076 2,772,001 2,810,632 2,768,472 2,748,174 2,793,325 2,843,884 2,767,709
Number of days in period 7 7 7 7 7 7 7 7 7 7 7 7 7
Page 53 of 70
Actual Results - Balance Sheet
Q0 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q2
2/28/2021 3/7/2021 3/14/2021 3/21/2021 3/28/2021 4/4/2021 4/11/2021 4/18/2021 4/25/2021 5/2/2021 5/9/2021 5/16/2021 5/23/2021 5/30/2021
ASSETS
Non-Current Assets
Property, Plant & Equipment 1,050,000 1,050,000 1,050,000 1,050,000 1,050,000 1,035,000 1,035,000 1,035,000 1,035,000 1,020,000 1,020,000 1,020,000 1,020,000 1,005,000
Intangible Assets 120,000 120,000 120,000 120,000 120,000 119,000 119,000 119,000 119,000 118,000 118,000 118,000 118,000 117,000
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 1,970,000 1,970,000 1,970,000 1,970,000 1,954,000 1,954,000 1,954,000 1,954,000 1,938,000 1,938,000 1,938,000 1,938,000 1,922,000
Current Assets
Inventory 170,000 170,000 168,000 170,000 172,000 175,000 181,000 175,000 173,000 174,500 181,000 186,000 186,500 180,700
Trade Receivables 370,000 310,700 314,300 326,800 327,900 327,900 337,100 334,200 332,000 332,600 338,700 349,800 352,900 346,400
Loans & Advances 55,000 55,000 55,000 55,000 55,000 55,000 55,000 55,000 55,000 55,000 55,000 55,000 55,000 55,000
Other Receivables 53,000 53,000 53,000 53,000 53,000
On this sheet: 53,000 53,000 53,000 53,000 53,000 53,000 53,000 53,000 53,000
Cash & Cash Equivalents 171,000 151,564
This 127,449a weekly
section contains 174,092 159,040
balance sheet 219,212
for the actual 166,906
results. Most 229,799 sheet 247,009
of the balance 231,192 194,702 209,522 259,632 214,348
819,000 items require user
740,264 input and
717,749 only the rows
778,892 with light
766,940 blue highlighting
830,112 793,006 in column
846,999A are 860,009 846,292 822,402 853,322 907,032 849,448
2,789,000 calculated.
2,710,264 Actual balance sheet
2,687,749 balances2,736,940
2,748,892 need to be entered or copied
2,784,112 into the user
2,747,006 input lines.2,814,009
2,800,999 2,784,292 2,760,402 2,791,322 2,845,032 2,771,448
EQUITY & LIABILITIES The opening balances on the first column are based on the opening balance sheet balances on the
Equity “Assumptions” sheet.
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 400,000 409,924 424,417 452,234 436,909 445,710 447,639 471,509 493,942 453,036 454,433 484,904 519,585 470,517
401,000 410,924 425,417 453,234 437,909 446,710 448,639 472,509 494,942 454,036 455,433 485,904 520,585 471,517
Long Term Loans 1 1,200,000 1,200,000 1,194,470 1,194,470 1,194,470 1,194,470 1,188,889 1,188,889 1,188,889 1,188,889 1,183,257 1,183,257 1,183,257 1,183,257
Long Term Loans 2 500,000 496,580 496,580 496,580 496,580 493,131 493,131 493,131 493,131 493,131 489,653 489,653 489,653 489,653
Long Term Loans 3 - - - - - - - - - - - - - -
Finance Leases 425,000 425,000 417,911 417,911 417,911 417,911 417,911 410,758 410,758 410,758 410,758 403,539 403,539 403,539
2,125,000 2,121,580 2,108,961 2,108,961 2,108,961 2,105,512 2,099,931 2,092,778 2,092,778 2,092,778 2,083,668 2,076,449 2,076,449 2,076,449
Current Liabilities
Bank Overdraft - - - - - - - - - - - - - -
Trade Payables 130,000 133,231 116,841 131,318 132,588 166,651 145,072 171,395 147,663 153,829 150,459 140,021 124,281 154,640
Sales Tax 16,000 19,024 25,848 32,693 25,247 28,589 33,845 34,329 38,727 44,344 48,875 53,946 74,040 22,933
Payroll Accruals 20,000 21,647 1,187 2,373 17,882 19,069 1,187 2,373 3,560 19,069 1,187 2,373 3,560 19,069
Other Accruals 55,000 - - - - - - - - - - - - -
Provision For Taxation - 3,859 9,495 20,313 14,353 17,582 18,332 27,614 36,338 20,236 20,779 32,629 46,116 26,840
Dividends Payable - - - - - - - - - - - - - -
Other Provisions 42,000 - - - - - - - - - - - - -
263,000 177,761 153,371 186,697 190,070 231,891 198,435 235,712 226,289 237,478 221,300 228,969 247,997 223,482
Total Equity & Liabilities 2,789,000 2,710,264 2,687,749 2,748,892 2,736,940 2,784,112 2,747,006 2,800,999 2,814,009 2,784,292 2,760,402 2,791,322 2,845,032 2,771,448
Page 54 of 70
6/6/2021 6/13/2021 6/20/2021 6/27/2021 7/4/2021 7/11/2021 7/18/2021 7/25/2021 8/1/2021 8/8/2021 8/15/2021 8/22/2021 8/29/2021
ASSETS
Non-Current Assets
Property, Plant & Equipment 1,005,000 1,005,000 1,005,000 1,005,000 990,000 990,000 990,000 990,000 975,000 975,000 975,000 975,000 960,000
Intangible Assets 117,000 117,000 117,000 117,000 116,000 116,000 116,000 116,000 115,000 115,000 115,000 115,000 114,000
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
1,922,000 1,922,000 1,922,000 1,922,000 1,906,000 1,906,000 1,906,000 1,906,000 1,890,000 1,890,000 1,890,000 1,890,000 1,874,000
Current Assets
Inventory 177,588 176,688 175,986 179,748 181,692 184,014 181,864 178,246 177,366 175,304 180,243 185,628 186,534
Trade Receivables 392,859 389,206 385,211 387,733 390,652 402,208 399,131 390,099 391,510 392,831 406,425 410,841 409,583
Loans & Advances 55,000 55,000 55,000 55,000 55,000 55,000 55,000 55,000 55,000 55,000 55,000 55,000 55,000
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
Cash & Cash Equivalents 172,277 214,797 241,113 221,966 267,768 245,184 295,076 287,759 284,849 384,809 419,769 459,622 389,596
850,724 888,691 910,309 897,447 948,112 939,406 984,071 964,104 961,725 1,060,944 1,114,437 1,164,091 1,093,714
Total Assets 2,772,724 2,810,691 2,832,309 2,819,447 2,854,112 2,845,406 2,890,071 2,870,104 2,851,725 2,950,944 3,004,437 3,054,091 2,967,714
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 473,744 502,192 532,392 508,051 520,139 530,925 559,518 586,133 551,294 564,071 588,956 624,162 582,646
474,744 503,192 533,392 509,051 521,139 531,925 560,518 587,133 552,294 565,071 589,956 625,162 583,646
Long Term Loans 1 1,176,604 1,176,604 1,176,604 1,176,604 1,176,604 1,170,629 1,170,629 1,170,629 1,170,629 1,164,604 1,164,604 1,164,604 1,164,604
Long Term Loans 2 489,310 489,310 489,310 489,310 485,692 485,692 485,692 485,692 482,046 582,046 582,046 582,046 582,046
Long Term Loans 3 - - - - - - - - - - - - -
Finance Leases 403,753 396,534 396,534 396,534 396,534 389,247 389,247 389,247 389,247 389,247 381,889 381,889 381,889
2,069,667 2,062,448 2,062,448 2,062,448 2,058,830 2,045,568 2,045,568 2,045,568 2,041,921 2,135,896 2,128,538 2,128,538 2,128,538
Current Liabilities
Bank Overdraft - - - - - - - - - - - - -
Trade Payables 171,027 168,165 139,516 139,001 153,057 156,079 153,043 136,822 148,318 148,266 166,781 158,034 180,000
Sales Tax 27,448 34,825 41,987 48,286 54,565 59,760 66,587 24,715 31,714 36,746 43,359 51,624 56,730
Payroll Accruals 1,160 2,320 3,480 18,640 19,800 1,160 2,320 3,480 18,640 1,160 2,320 3,560 18,800
Other Accruals - - - - - - - - - - - - -
Provision For Taxation 28,678 39,741 51,486 42,020 46,721 50,915 62,035 72,385 58,837 63,805 73,483 87,174 -
Dividends Payable - - - - - - - - - - - - -
228,313 245,051 236,469 247,947 274,143 267,914 283,985 237,403 257,509 249,977 285,943 300,392 255,530
Total Equity & Liabilities 2,772,724 2,810,691 2,832,309 2,819,447 2,854,112 2,845,406 2,890,071 2,870,104 2,851,725 2,950,944 3,004,437 3,054,091 2,967,714
Page 55 of 70
Q2 Q2 Q2 Q2 Q2 Q2 Q2 Q2 Q2 Q2 Q2 Q2 Q3
6/6/2021 6/13/2021 6/20/2021 6/27/2021 7/4/2021 7/11/2021 7/18/2021 7/25/2021 8/1/2021 8/8/2021 8/15/2021 8/22/2021 8/29/2021
ASSETS
Non-Current Assets
Property, Plant & Equipment 1,005,000 1,005,000 1,005,000 1,005,000 990,000 990,000 990,000 990,000 975,000 975,000 975,000 975,000 960,000
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
1,922,000 1,922,000 1,922,000 1,922,000 1,906,000 1,906,000 1,906,000 1,906,000 1,890,000 1,890,000 1,890,000 1,890,000 1,874,000
Current Assets
Inventory 183,900 185,000 188,300 189,500 185,600 185,500 190,000 192,200 195,000 192,600 195,200 195,620 198,400
Loans & Advances 55,000 55,000 55,000 55,000 55,000 55,000 55,000 55,000 55,000 55,000 55,000 55,000 55,000
900,891 890,677 927,622 910,041 963,515 965,580 1,007,700 1,042,388 996,136 1,108,048 1,135,493 1,162,565 1,187,535
2,822,891 2,812,677 2,849,622 2,832,041 2,869,515 2,871,580 2,913,700 2,948,388 2,886,136 2,998,048 3,025,493 3,052,565 3,061,535
Equity
Reserves - - - - - - - - - - - - -
491,923 516,201 547,452 523,605 538,574 548,140 581,231 606,232 574,333 581,862 608,786 639,799 599,205
Long Term Loans 1 1,183,257 1,177,574 1,177,574 1,177,574 1,177,574 1,171,838 1,171,838 1,171,838 1,171,838 1,166,050 1,166,050 1,166,050 1,166,050
Long Term Loans 2 486,146 486,146 486,146 486,146 482,611 482,611 482,611 482,611 482,611 578,361 578,361 578,361 578,361
Long Term Loans 3 - - - - - - - - - - - - -
Finance Leases 403,539 396,254 396,254 396,254 396,254 396,254 388,902 388,902 388,902 388,902 381,482 381,482 381,482
2,072,943 2,059,974 2,059,974 2,059,974 2,056,438 2,050,703 2,043,351 2,043,351 2,043,351 2,133,313 2,125,894 2,125,894 2,125,894
Current Liabilities
Bank Overdraft - - - - - - - - - - - - -
Trade Payables 174,447 159,756 142,306 137,611 153,057 152,958 151,513 139,559 155,734 163,093 170,117 151,712 189,000
Sales Tax 28,546 31,343 41,147 45,872 49,654 62,150 65,921 76,651 27,215 30,162 39,676 40,810 53,478
Other Accruals - - - - - - - - - - - - -
Provision For Taxation 34,776 44,217 56,370 47,096 52,723 56,443 69,312 79,035 66,435 69,363 79,833 91,894 75,913
258,025 236,502 242,197 248,462 274,503 272,737 289,119 298,805 268,453 282,873 290,813 286,872 336,436
Page 56 of 70
9/5/2021 9/12/2021 9/19/2021 9/26/2021 10/3/2021 10/10/2021 10/17/2021 10/24/2021 10/31/2021 11/7/2021 11/14/2021 11/21/2021 11/28/2021
ASSETS
Non-Current Assets
Property, Plant & Equipment 960,000 960,000 960,000 960,000 945,000 945,000 945,000 945,000 930,000 930,000 930,000 930,000 915,000
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
1,874,000 1,874,000 1,874,000 1,874,000 1,858,000 1,858,000 1,858,000 1,858,000 1,842,000 1,842,000 1,842,000 1,842,000 1,826,000
Current Assets
Inventory 187,637 187,759 187,954 186,425 187,491 187,217 188,434 192,446 193,406 195,120 196,183 194,657 196,234
Loans & Advances 55,000 55,000 55,000 55,000 65,000 65,000 65,000 65,000 65,000 65,000 65,000 65,000 65,000
1,075,990 1,101,137 1,145,077 1,147,719 1,148,729 1,143,605 1,208,385 1,269,090 1,259,421 1,260,186 1,292,039 1,341,350 1,284,808
Total Assets 2,949,990 2,975,137 3,019,077 3,021,719 3,006,729 3,001,605 3,066,385 3,127,090 3,101,421 3,102,186 3,134,039 3,183,350 3,110,808
Equity
Reserves - - - - - - - - - - - - -
595,086 628,350 665,833 702,844 670,230 678,008 715,744 742,120 706,499 720,076 758,134 793,201 755,700
Long Term Loans 1 1,158,527 1,158,527 1,158,527 1,158,527 1,158,527 1,152,398 1,152,398 1,152,398 1,152,398 1,146,216 1,146,216 1,146,216 1,146,216
Long Term Loans 2 577,664 577,664 577,664 577,664 573,249 573,249 573,249 573,249 568,799 568,799 568,799 568,799 568,799
Long Term Loans 3 - - - - - - - - - - - - -
Finance Leases 381,889 374,461 374,461 374,461 374,461 366,962 366,962 366,962 366,962 366,962 359,391 359,391 359,391
2,118,080 2,110,652 2,110,652 2,110,652 2,106,236 2,092,608 2,092,608 2,092,608 2,088,159 2,081,978 2,074,406 2,074,406 2,074,406
Current Liabilities
Bank Overdraft - - - - - - - - - - - - -
Trade Payables 166,273 163,038 144,939 143,027 154,880 165,729 168,066 184,473 190,490 191,065 167,005 158,135 182,177
Sales Tax 62,208 70,617 79,356 31,267 38,896 43,469 52,260 58,685 65,682 70,917 80,303 88,539 28,799
Other Accruals - - - - - - - - - - - - -
Provision For Taxation -11,696 1,240 15,817 30,210 17,527 20,551 35,227 45,484 31,631 36,911 51,711 65,349 50,765
236,825 236,135 242,592 208,224 230,262 230,989 258,033 292,362 306,763 300,133 301,499 315,743 280,701
Page 57 of 70
Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q4
9/5/2021 9/12/2021 9/19/2021 9/26/2021 10/3/2021 10/10/2021 10/17/2021 10/24/2021 10/31/2021 11/7/2021 11/14/2021 11/21/2021 11/28/2021
ASSETS
Non-Current Assets
Property, Plant & Equipment 960,000 960,000 960,000 960,000 945,000 945,000 945,000 945,000 930,000 930,000 930,000 930,000 915,000
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
1,874,000 1,874,000 1,874,000 1,874,000 1,858,000 1,858,000 1,858,000 1,858,000 1,842,000 1,842,000 1,842,000 1,842,000 1,826,000
Current Assets
Inventory 195,300 195,500 200,000 206,670 217,000 225,000 224,200 221,900 219,000 218,000 221,400 220,700 212,620
Loans & Advances 55,000 55,000 55,000 55,000 65,000 65,000 65,000 65,000 65,000 65,000 65,000 65,000 65,000
1,095,501 1,129,635 1,152,301 1,230,374 1,184,217 1,181,401 1,248,833 1,326,079 1,313,391 1,343,658 1,345,327 1,372,304 1,339,113
2,969,501 3,003,635 3,026,301 3,104,374 3,042,217 3,039,401 3,106,833 3,184,079 3,155,391 3,185,658 3,187,327 3,214,304 3,165,113
Equity
Reserves - - - - - - - - - - - - -
614,704 643,946 680,555 721,807 689,519 701,683 736,741 775,695 736,710 758,111 789,789 828,602 782,334
Long Term Loans 1 1,166,050 1,160,209 1,160,209 1,160,209 1,160,209 1,154,314 1,154,314 1,154,314 1,154,314 1,154,314 1,148,366 1,148,366 1,148,366
Long Term Loans 2 574,076 574,076 574,076 574,076 569,756 569,756 569,756 569,756 569,756 565,399 565,399 565,399 565,399
Long Term Loans 3 - - - - - - - - - - - - -
Finance Leases 381,482 381,482 373,995 373,995 373,995 373,995 366,439 366,439 366,439 366,439 358,813 358,813 358,813
2,121,609 2,115,768 2,108,280 2,108,280 2,103,960 2,098,065 2,090,509 2,090,509 2,090,509 2,086,152 2,072,578 2,072,578 2,072,578
Current Liabilities
Bank Overdraft - - - - - - - - - - - - -
Trade Payables 159,622 166,299 136,243 143,027 170,367 169,044 184,873 197,386 205,729 202,529 173,685 143,903 200,395
Sales Tax 54,251 64,982 73,077 85,804 30,075 35,711 44,910 54,271 55,989 62,821 82,307 83,891 27,071
Other Accruals - - - - - - - - - - - - -
Provision For Taxation - 11,372 25,608 41,651 28,900 33,631 47,264 62,413 47,058 55,380 67,700 82,793 64,606
233,187 243,921 237,466 274,287 248,739 239,653 279,584 317,876 328,172 341,395 324,960 313,124 310,200
Page 58 of 70
12/5/2021 12/12/2021 12/19/2021 12/26/2021 1/2/2022 1/9/2022 1/16/2022 1/23/2022 1/30/2022 2/6/2022 2/13/2022 2/20/2022 2/27/2022
ASSETS
Non-Current Assets
Property, Plant & Equipment 915,000 915,000 915,000 915,000 900,000 1,140,000 1,140,000 1,140,000 1,121,000 1,121,000 1,121,000 1,121,000 1,102,000
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
1,826,000 1,826,000 1,826,000 1,826,000 1,810,000 2,050,000 2,050,000 2,050,000 2,030,000 2,030,000 2,030,000 2,030,000 2,010,000
Current Assets
Inventory 193,245 183,360 176,119 159,003 139,882 128,522 123,801 138,025 157,808 178,404 196,138 201,322 201,909
Loans & Advances 55,000 55,000 55,000 55,000 55,000 55,000 55,000 55,000 55,000 55,000 55,000 55,000 55,000
1,313,296 1,292,336 1,289,051 1,245,538 1,252,753 1,213,480 1,252,236 1,330,714 1,296,115 1,313,333 1,370,752 1,427,898 1,448,881
Total Assets 3,139,296 3,118,336 3,115,051 3,071,538 3,062,753 3,263,480 3,302,236 3,380,714 3,326,115 3,343,333 3,400,752 3,457,898 3,458,881
Equity
Reserves - - - - - - - - - - - - -
780,614 794,446 811,042 774,741 770,002 767,083 792,327 831,025 791,689 809,206 844,642 872,211 828,672
Long Term Loans 1 1,139,982 1,139,982 1,139,982 1,139,982 1,139,982 1,133,695 1,133,695 1,133,695 1,133,695 1,127,354 1,127,354 1,127,354 1,127,354
Long Term Loans 2 564,316 564,316 564,316 564,316 559,798 559,798 559,798 559,798 555,245 555,245 555,245 555,245 555,245
Long Term Loans 3 - - - - - 240,000 240,000 240,000 240,000 237,100 237,100 237,100 237,100
Finance Leases 359,391 351,747 351,747 351,747 351,747 351,747 344,030 344,030 344,030 344,030 336,239 336,239 336,239
2,063,689 2,056,045 2,056,045 2,056,045 2,051,527 2,285,240 2,277,523 2,277,523 2,272,970 2,263,729 2,255,938 2,255,938 2,255,938
Current Liabilities
Bank Overdraft - - - - - - - - - - - - -
Trade Payables 177,293 159,188 127,015 112,852 110,798 99,075 102,341 116,631 152,619 166,331 172,068 182,800 212,662
Sales Tax 37,046 41,464 45,942 50,649 53,659 55,532 62,317 71,399 24,637 31,134 40,031 46,794 52,169
Other Accruals - - - - - - - - - - - - 60,000
Provision For Taxation 60,454 65,833 72,287 58,170 56,327 55,192 65,009 80,058 64,761 71,573 85,353 96,075 -
294,993 267,845 247,964 240,752 241,224 211,158 232,386 272,167 261,457 270,398 300,172 329,749 374,271
Page 59 of 70
Q4 Q4 Q4 Q4 Q4 Q4 Q4 Q4 Q4 Q4 Q4 Q4 Q4
12/5/2021 12/12/2021 12/19/2021 12/26/2021 1/2/2022 1/9/2022 1/16/2022 1/23/2022 1/30/2022 2/6/2022 2/13/2022 2/20/2022 2/27/2022
ASSETS
Non-Current Assets
Property, Plant & Equipment 915,000 915,000 915,000 915,000 900,000 900,000 900,000 900,000 885,000 1,135,000 1,135,000 1,135,000 1,115,000
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
1,826,000 1,826,000 1,826,000 1,826,000 1,810,000 1,810,000 1,810,000 1,810,000 1,794,000 2,044,000 2,044,000 2,044,000 2,023,000
Current Assets
Inventory 205,820 193,200 178,700 163,500 144,000 127,000 139,000 165,000 196,000 222,000 230,000 225,600 223,700
Loans & Advances 55,000 65,000 65,000 65,000 65,000 65,000 65,000 65,000 65,000 65,000 65,000 65,000 65,000
1,355,424 1,361,080 1,338,747 1,289,490 1,312,763 1,250,162 1,314,905 1,403,194 1,391,725 1,416,514 1,441,594 1,514,932 1,610,706
3,181,424 3,187,080 3,164,747 3,115,490 3,122,763 3,060,162 3,124,905 3,213,194 3,185,725 3,460,514 3,485,594 3,558,932 3,633,706
Equity
Reserves - - - - - - - - - - - - -
815,934 825,185 841,072 807,903 806,002 800,729 833,145 880,349 846,100 869,923 900,211 938,723 894,817
Long Term Loans 1 1,148,366 1,142,362 1,142,362 1,142,362 1,142,362 1,136,304 1,136,304 1,136,304 1,136,304 1,136,304 1,130,190 1,130,190 1,130,190
Long Term Loans 2 561,006 561,006 561,006 561,006 556,577 556,577 556,577 556,577 556,577 552,111 552,111 552,111 552,111
Long Term Loans 3 - - - - - - - - - 246,898 246,898 246,898 246,898
Finance Leases 358,813 358,813 351,118 351,118 351,118 351,118 343,352 343,352 343,352 343,352 335,516 335,516 335,516
2,068,185 2,062,182 2,054,487 2,054,487 2,050,057 2,043,999 2,036,233 2,036,233 2,036,233 2,278,665 2,264,714 2,264,714 2,264,714
Current Liabilities
Bank Overdraft - - - - - - - - - - - - -
Trade Payables 161,337 173,515 132,096 103,824 117,445 89,167 104,387 117,797 167,881 159,678 165,185 184,628 214,789
Sales Tax 38,898 43,537 46,861 55,208 54,732 53,310 64,186 72,113 26,607 32,690 44,034 43,051 51,125
Other Accruals - - - - - - - - - - - - 50,000
Provision For Taxation 77,673 81,270 87,449 74,549 73,616 71,565 84,171 102,529 89,015 98,279 110,058 125,035 107,766
297,304 299,714 269,188 253,100 266,704 215,434 255,527 296,612 303,391 311,926 320,668 355,496 474,176
Page 60 of 70
ASSETS
Non-Current Assets
Property, Plant & Equipment 1,005,000 960,000 915,000 1,102,000 1,102,000
Intangible Assets 117,000 114,000 111,000 108,000 108,000
Investments 800,000 800,000 800,000 800,000 800,000
1,922,000 1,874,000 1,826,000 2,010,000 2,010,000
Current Assets
Inventory 173,088 186,534 196,234 201,909 201,909
Trade Receivables 380,498 409,583 443,279 460,199 460,199
Loans & Advances 55,000 55,000 65,000 55,000 55,000
Cash & Cash Equivalents 184,122 389,596 527,295 678,774 678,774
845,709 1,093,714 1,284,808 1,448,881 1,448,881
Total Assets 2,767,709 2,967,714 3,110,808 3,458,881 3,458,881
Equity
Shareholders' Contributions 1,000 1,000 1,000 1,000 1,000
Reserves - - - - -
Retained Earnings 459,285 582,646 754,700 827,672 827,672
460,285 583,646 755,700 828,672 828,672
Long Term Loans 1 1,182,528 1,164,604 1,146,216 1,127,354 1,127,354
Long Term Loans 2 489,310 582,046 568,799 555,245 555,245
Long Term Loans 3 - - - 237,100 237,100
Finance Leases 403,753 381,889 359,391 336,239 336,239
2,075,591 2,128,538 2,074,406 2,255,938 2,255,938
Current Liabilities
Bank Overdraft - - - - -
Trade Payables 168,087 180,000 182,177 212,662 212,662
Sales Tax 22,051 56,730 28,799 52,169 52,169
Payroll Accruals 18,640 18,800 18,960 19,440 19,440
Other Accruals - - - 60,000 60,000
Provision For Taxation 23,055 - 50,765 - -
Dividends Payable - - - - -
Other Provisions - - - 30,000 30,000
231,833 255,530 280,701 374,271 374,271
Total Equity & Liabilities 2,767,709 2,967,714 3,110,808 3,458,881 3,458,881
Number of days in period 91 91 91 91 364
Page 61 of 70
Q1 Q2 Q3 Q4
ASSETS
Non-Current Assets
Property, Plant & Equipment 1,005,000 960,000 915,000 1,115,000 1,115,000
Intangible Assets 117,000 114,000 111,000 108,000 108,000
Investments 800,000 800,000 800,000 800,000 800,000
1,922,000 1,874,000 1,826,000 2,023,000 2,023,000
Current Assets
Inventory 180,700 198,400 212,620 223,700 223,700
Trade Receivables 346,400 386,100 426,900 453,500 453,500
Loans & Advances 55,000 55,000 65,000 65,000 65,000
Cash & Cash Equivalents 214,348 495,035 581,593 818,506 818,506
849,448 1,187,535 1,339,113 1,610,706 1,610,706
2,771,448 3,061,535 3,165,113 3,633,706 3,633,706
Equity
Shareholders' Contributions 1,000 1,000 1,000 1,000 1,000
Reserves - - - - -
Retained Earnings 470,517 598,205 781,334 893,817 893,817
471,517 599,205 782,334 894,817 894,817
Long Term Loans 1 1,183,257 1,166,050 1,148,366 1,130,190 1,130,190
Long Term Loans 2 489,653 578,361 565,399 552,111 552,111
Long Term Loans 3 - - - 246,898 246,898
Finance Leases 403,539 381,482 358,813 335,516 335,516
2,076,449 2,125,894 2,072,578 2,264,714 2,264,714
Current Liabilities
Bank Overdraft - - - - -
Trade Payables 154,640 189,000 200,395 214,789 214,789
Sales Tax 22,933 53,478 27,071 51,125 51,125
Payroll Accruals 19,069 18,046 18,128 18,496 18,496
Other Accruals - - - 50,000 50,000
Provision For Taxation 26,840 75,913 64,606 107,766 107,766
Dividends Payable - - - - -
Other Provisions - - - 32,000 32,000
223,482 336,436 310,200 474,176 474,176
Total Equity & Liabilities 2,771,448 3,061,535 3,165,113 3,633,706 3,633,706
Number of days in period 91 91 91 91 364
Page 62 of 70
Forecast - Repayment Schedule - Loans 1
Interest Rate 10.25%

Repayment Term 10.0
Interest Only No
© www.excel-skills.com
Opening Additional Loan Interest Capital Closing Repayment
Week End Date Repayment Date
Balance Loans Repayment Charges Repayment Balance Number
3/1/2021 3/5/2021 - 1,200,000 - - - 1,200,000 -
3/7/2021 3/5/2021 1,200,000 - 16,025 10,250 5,775 1,194,225 1
3/14/2021 3/5/2021 1,194,225 - - - - 1,194,225 -
3/21/2021 3/5/2021 1,194,225 - - - - 1,194,225 -
3/28/2021 3/5/2021 1,194,225 - - - - 1,194,225 -
4/4/2021 4/5/2021 1,194,225 - - - - 1,194,225 -
On this sheet:
4/11/2021 4/5/2021 1,194,225 - 16,025 10,201 5,824 1,188,401 2
This is the first of four amortization tables which are calculated based on the forecast balance sheet opening balances and
4/18/2021 4/5/2021 1,188,401 - - - - 1,188,401 -
loan terms specified in the template assumptions as well as the additional loan amounts entered on the forecast cash flow
4/25/2021 4/5/2021 1,188,401 - - - - 1,188,401 -
statement. The interest charges and capital repayment amounts of each amortization table are automatically included on the
5/2/2021 5/5/2021 1,188,401 - - - - 1,188,401 -
forecast income statement and cash flow statement. No user input is required on these sheets. The forecast section of the
5/9/2021 5/5/2021 1,188,401 - 16,025 10,151 5,874 1,182,528 3
template therefore accommodates automated loan calculations based on four different sets of loan repayment terms. Note
5/16/2021 5/5/2021 1,182,528 - - - - 1,182,528 -
that interest & loan repayments are calculated based on monthly repayments and included in the amortization tables based
5/23/2021 5/5/2021 1,182,528
on the repayment day of the loans. - - - - 1,182,528 -
5/30/2021 5/5/2021 1,182,528 - - - - 1,182,528 -
6/6/2021 6/5/2021 1,182,528 - 16,025 10,101 5,924 1,176,604 4
6/13/2021 6/5/2021 1,176,604 - - - - 1,176,604 -
6/20/2021 6/5/2021 1,176,604 - - - - 1,176,604 -
6/27/2021 6/5/2021 1,176,604 - - - - 1,176,604 -
7/4/2021 7/5/2021 1,176,604 - - - - 1,176,604 -
7/11/2021 7/5/2021 1,176,604 - 16,025 10,050 5,975 1,170,629 5
7/18/2021 7/5/2021 1,170,629 - - - - 1,170,629 -
7/25/2021 7/5/2021 1,170,629 - - - - 1,170,629 -
8/1/2021 8/5/2021 1,170,629 - - - - 1,170,629 -
8/8/2021 8/5/2021 1,170,629 - 16,025 9,999 6,026 1,164,604 6
8/15/2021 8/5/2021 1,164,604 - - - - 1,164,604 -
8/22/2021 8/5/2021 1,164,604 - - - - 1,164,604 -
8/29/2021 8/5/2021 1,164,604 - - - - 1,164,604 -
9/5/2021 9/5/2021 1,164,604 - 16,025 9,948 6,077 1,158,527 7
9/12/2021 9/5/2021 1,158,527 - - - - 1,158,527 -
9/19/2021 9/5/2021 1,158,527 - - - - 1,158,527 -
9/26/2021 9/5/2021 1,158,527 - - - - 1,158,527 -
10/3/2021 10/5/2021 1,158,527 - - - - 1,158,527 -
10/10/2021 10/5/2021 1,158,527 - 16,025 9,896 6,129 1,152,398 8
10/17/2021 10/5/2021 1,152,398 - - - - 1,152,398 -
10/24/2021 10/5/2021 1,152,398 - - - - 1,152,398 -
10/31/2021 10/5/2021 1,152,398 - - - - 1,152,398 -
11/7/2021 11/5/2021 1,152,398 - 16,025 9,843 6,181 1,146,216 9
11/14/2021 11/5/2021 1,146,216 - - - - 1,146,216 -
11/21/2021 11/5/2021 1,146,216 - - - - 1,146,216 -
11/28/2021 11/5/2021 1,146,216 - - - - 1,146,216 -
12/5/2021 12/5/2021 1,146,216 - 16,025 9,791 6,234 1,139,982 10
12/12/2021 12/5/2021 1,139,982 - - - - 1,139,982 -
12/19/2021 12/5/2021 1,139,982 - - - - 1,139,982 -
12/26/2021 12/5/2021 1,139,982 - - - - 1,139,982 -
1/2/2022 1/5/2022 1,139,982 - - - - 1,139,982 -
1/9/2022 1/5/2022 1,139,982 - 16,025 9,737 6,287 1,133,695 11
1/16/2022 1/5/2022 1,133,695 - - - - 1,133,695 -
1/23/2022 1/5/2022 1,133,695 - - - - 1,133,695 -
1/30/2022 1/5/2022 1,133,695 - - - - 1,133,695 -
2/6/2022 2/5/2022 1,133,695 - 16,025 9,684 6,341 1,127,354 12
2/13/2022 2/5/2022 1,127,354 - - - - 1,127,354 -
2/20/2022 2/5/2022 1,127,354 - - - - 1,127,354 -
2/27/2022 2/5/2022 1,127,354 - - - - 1,127,354 -
Page 63 of 70
Interest Rate 9.25%

Repayment Term 8.0
Interest Only No
3/1/2021 3/30/2021 - 500,000 - - - 500,000 -
3/7/2021 3/30/2021 500,000 - - - - 500,000 -
3/14/2021 3/30/2021 500,000 - - - - 500,000 -
3/21/2021 3/30/2021 500,000 - - - - 500,000 -
3/28/2021 3/30/2021 500,000 - - - - 500,000 -
4/4/2021 3/30/2021 500,000 - 7,390 3,854 3,536 496,464 1
4/11/2021 4/30/2021 496,464 - - - - 496,464 -
4/18/2021 4/30/2021 496,464 - - - - 496,464 -
4/25/2021 4/30/2021 496,464 - - - - 496,464 -
5/2/2021 4/30/2021 496,464 - 7,390 3,827 3,563 492,901 2
5/9/2021 5/30/2021 492,901 - - - - 492,901 -
5/16/2021 5/30/2021 492,901 - - - - 492,901 -
5/23/2021 5/30/2021 492,901 - - - - 492,901 -
5/30/2021 5/30/2021 492,901 - 7,390 3,799 3,591 489,310 3
6/6/2021 6/30/2021 489,310 - - - - 489,310 -
6/13/2021 6/30/2021 489,310 - - - - 489,310 -
6/20/2021 6/30/2021 489,310 - - - - 489,310 -
6/27/2021 6/30/2021 489,310 - - - - 489,310 -
7/4/2021 6/30/2021 489,310 - 7,390 3,772 3,618 485,692 4
7/11/2021 7/30/2021 485,692 - - - - 485,692 -
7/18/2021 7/30/2021 485,692 - - - - 485,692 -
7/25/2021 7/30/2021 485,692 - - - - 485,692 -
8/1/2021 7/30/2021 485,692 - 7,390 3,744 3,646 482,046 5
8/8/2021 8/30/2021 482,046 100,000 - - - 582,046 -
8/15/2021 8/30/2021 582,046 - - - - 582,046 -
8/22/2021 8/30/2021 582,046 - - - - 582,046 -
8/29/2021 8/30/2021 582,046 - - - - 582,046 -
9/5/2021 8/30/2021 582,046 - 8,868 4,487 4,382 577,664 6
9/12/2021 9/30/2021 577,664 - - - - 577,664 -
9/19/2021 9/30/2021 577,664 - - - - 577,664 -
9/26/2021 9/30/2021 577,664 - - - - 577,664 -
10/3/2021 9/30/2021 577,664 - 8,868 4,453 4,415 573,249 7
10/10/2021 10/30/2021 573,249 - - - - 573,249 -
10/17/2021 10/30/2021 573,249 - - - - 573,249 -
10/24/2021 10/30/2021 573,249 - - - - 573,249 -
10/31/2021 10/30/2021 573,249 - 8,868 4,419 4,449 568,799 8
11/7/2021 11/30/2021 568,799 - - - - 568,799 -
11/14/2021 11/30/2021 568,799 - - - - 568,799 -
11/21/2021 11/30/2021 568,799 - - - - 568,799 -
11/28/2021 11/30/2021 568,799 - - - - 568,799 -
12/5/2021 11/30/2021 568,799 - 8,868 4,384 4,484 564,316 9
12/12/2021 12/30/2021 564,316 - - - - 564,316 -
12/19/2021 12/30/2021 564,316 - - - - 564,316 -
12/26/2021 12/30/2021 564,316 - - - - 564,316 -
1/2/2022 12/30/2021 564,316 - 8,868 4,350 4,518 559,798 10
1/9/2022 1/30/2022 559,798 - - - - 559,798 -
1/16/2022 1/30/2022 559,798 - - - - 559,798 -
1/23/2022 1/30/2022 559,798 - - - - 559,798 -
1/30/2022 1/30/2022 559,798 - 8,868 4,315 4,553 555,245 11
2/6/2022 2/28/2022 555,245 - - - - 555,245 -
2/13/2022 2/28/2022 555,245 - - - - 555,245 -
2/20/2022 2/28/2022 555,245 - - - - 555,245 -
2/27/2022 2/28/2022 555,245 - - - - 555,245 -
Page 64 of 70

Repayment Term 5.0
Interest Only No
3/1/2021 3/1/2021 - - - - - - -
3/7/2021 3/1/2021 - - - - - - -
3/14/2021 3/1/2021 - - - - - - -
3/21/2021 3/1/2021 - - - - - - -
3/28/2021 3/1/2021 - - - - - - -
4/4/2021 4/1/2021 - - - - - - -
4/11/2021 4/1/2021 - - - - - - -
4/18/2021 4/1/2021 - - - - - - -
4/25/2021 4/1/2021 - - - - - - -
5/2/2021 5/1/2021 - - - - - - -
5/9/2021 5/1/2021 - - - - - - -
5/16/2021 5/1/2021 - - - - - - -
5/23/2021 5/1/2021 - - - - - - -
5/30/2021 5/1/2021 - - - - - - -
6/6/2021 6/1/2021 - - - - - - -
6/13/2021 6/1/2021 - - - - - - -
6/20/2021 6/1/2021 - - - - - - -
6/27/2021 6/1/2021 - - - - - - -
7/4/2021 7/1/2021 - - - - - - -
7/11/2021 7/1/2021 - - - - - - -
7/18/2021 7/1/2021 - - - - - - -
7/25/2021 7/1/2021 - - - - - - -
8/1/2021 8/1/2021 - - - - - - -
8/8/2021 8/1/2021 - - - - - - -
8/15/2021 8/1/2021 - - - - - - -
8/22/2021 8/1/2021 - - - - - - -
8/29/2021 8/1/2021 - - - - - - -
9/5/2021 9/1/2021 - - - - - - -
9/12/2021 9/1/2021 - - - - - - -
9/19/2021 9/1/2021 - - - - - - -
9/26/2021 9/1/2021 - - - - - - -
10/3/2021 10/1/2021 - - - - - - -
10/10/2021 10/1/2021 - - - - - - -
10/17/2021 10/1/2021 - - - - - - -
10/24/2021 10/1/2021 - - - - - - -
10/31/2021 10/1/2021 - - - - - - -
11/7/2021 11/1/2021 - - - - - - -
11/14/2021 11/1/2021 - - - - - - -
11/21/2021 11/1/2021 - - - - - - -
11/28/2021 11/1/2021 - - - - - - -
12/5/2021 12/1/2021 - - - - - - -
12/12/2021 12/1/2021 - - - - - - -
12/19/2021 12/1/2021 - - - - - - -
12/26/2021 12/1/2021 - - - - - - -
1/2/2022 1/1/2022 - - - - - - -
1/9/2022 1/1/2022 - 240,000 - - - 240,000 -
1/16/2022 1/1/2022 240,000 - - - - 240,000 -
1/23/2022 1/1/2022 240,000 - - - - 240,000 -
1/30/2022 1/1/2022 240,000 - - - - 240,000 -
2/6/2022 2/1/2022 240,000 - 5,400 2,500 2,900 237,100 1
2/13/2022 2/1/2022 237,100 - - - - 237,100 -
2/20/2022 2/1/2022 237,100 - - - - 237,100 -
2/27/2022 2/1/2022 237,100 - - - - 237,100 -
Page 65 of 70
Forecast - Repayment Schedule - Finance Leases

Repayment Term 4.0
Interest Only No
3/1/2021 2/28/2021 - 425,000 - - - 425,000 -
3/7/2021 3/10/2021 425,000 - - - - 425,000 -
3/14/2021 3/10/2021 425,000 - 11,088 4,073 7,015 417,985 1
3/21/2021 3/10/2021 417,985 - - - - 417,985 -
3/28/2021 3/10/2021 417,985 - - - - 417,985 -
4/4/2021 4/10/2021 417,985 - - - - 417,985 -
4/11/2021 4/10/2021 417,985 - 11,088 4,006 7,082 410,903 2
4/18/2021 4/10/2021 410,903 - - - - 410,903 -
4/25/2021 4/10/2021 410,903 - - - - 410,903 -
5/2/2021 5/10/2021 410,903 - - - - 410,903 -
5/9/2021 5/10/2021 410,903 - - - - 410,903 -
5/16/2021 5/10/2021 410,903 - 11,088 3,938 7,150 403,753 3
5/23/2021 5/10/2021 403,753 - - - - 403,753 -
5/30/2021 5/10/2021 403,753 - - - - 403,753 -
6/6/2021 6/10/2021 403,753 - - - - 403,753 -
6/13/2021 6/10/2021 403,753 - 11,088 3,869 7,219 396,534 4
6/20/2021 6/10/2021 396,534 - - - - 396,534 -
6/27/2021 6/10/2021 396,534 - - - - 396,534 -
7/4/2021 7/10/2021 396,534 - - - - 396,534 -
7/11/2021 7/10/2021 396,534 - 11,088 3,800 7,288 389,247 5
7/18/2021 7/10/2021 389,247 - - - - 389,247 -
7/25/2021 7/10/2021 389,247 - - - - 389,247 -
8/1/2021 8/10/2021 389,247 - - - - 389,247 -
8/8/2021 8/10/2021 389,247 - - - - 389,247 -
8/15/2021 8/10/2021 389,247 - 11,088 3,730 7,358 381,889 6
8/22/2021 8/10/2021 381,889 - - - - 381,889 -
8/29/2021 8/10/2021 381,889 - - - - 381,889 -
9/5/2021 9/10/2021 381,889 - - - - 381,889 -
9/12/2021 9/10/2021 381,889 - 11,088 3,660 7,428 374,461 7
9/19/2021 9/10/2021 374,461 - - - - 374,461 -
9/26/2021 9/10/2021 374,461 - - - - 374,461 -
10/3/2021 10/10/2021 374,461 - - - - 374,461 -
10/10/2021 10/10/2021 374,461 - 11,088 3,589 7,499 366,962 8
10/17/2021 10/10/2021 366,962 - - - - 366,962 -
10/24/2021 10/10/2021 366,962 - - - - 366,962 -
10/31/2021 10/10/2021 366,962 - - - - 366,962 -
11/7/2021 11/10/2021 366,962 - - - - 366,962 -
11/14/2021 11/10/2021 366,962 - 11,088 3,517 7,571 359,391 9
11/21/2021 11/10/2021 359,391 - - - - 359,391 -
11/28/2021 11/10/2021 359,391 - - - - 359,391 -
12/5/2021 12/10/2021 359,391 - - - - 359,391 -
12/12/2021 12/10/2021 359,391 - 11,088 3,444 7,644 351,747 10
12/19/2021 12/10/2021 351,747 - - - - 351,747 -
12/26/2021 12/10/2021 351,747 - - - - 351,747 -
1/2/2022 1/10/2022 351,747 - - - - 351,747 -
1/9/2022 1/10/2022 351,747 - - - - 351,747 -
1/16/2022 1/10/2022 351,747 - 11,088 3,371 7,717 344,030 11
1/23/2022 1/10/2022 344,030 - - - - 344,030 -
1/30/2022 1/10/2022 344,030 - - - - 344,030 -
2/6/2022 2/10/2022 344,030 - - - - 344,030 -
2/13/2022 2/10/2022 344,030 - 11,088 3,297 7,791 336,239 12
2/20/2022 2/10/2022 336,239 - - - - 336,239 -
2/27/2022 2/10/2022 336,239 - - - - 336,239 -
Page 66 of 70
Example (Pty) Limited Report for week ending: 2/27/2022
Management Report - Forecast vs Actual 39 4 YTD - Weeks: 52
© www.excel-skills.com Week 52 Quarter 4 Year-to-Date
Income Statement Forecast Actual Difference Diff % Forecast Actual Difference Diff % Forecast Actual Difference Diff %
Product Sales 77,120 83,552 6,432 8.3% 849,688 914,968 65,280 7.7% 3,507,128 3,665,696 158,568 4.5%
Income From Services 34,704 33,316 (1,388) (4.0%) 357,766 370,000 12,233 3.4% 1,479,502 1,536,704 57,203 3.9%
Total Turnover 111,824 116,868 5,044 4.5% 1,207,454 1,284,968 77,513 6.4% 4,986,630 5,202,400 215,771 4.3%
Products 46,272 49,713 (3,441) (7.4%) 509,813 544,925 (35,112) (6.9%) 2,154,336 2,246,505 (92,168) (4.3%)
Services - - - - - - - - - - - -
Total Cost of Sales 46,272 49,713 (3,441) (7.4%) 509,813 544,925 (35,112) (6.9%) 2,154,336 2,246,505 (92,168) (4.3%)
Products 30,848 33,839 2,991 9.7% 339,875 370,043 30,168 8.9% 1,352,792 1,419,191 66,400 4.9%
Services 34,704 33,316 (1,388) (4.0%) 357,766 370,000 12,233 3.4% 1,479,502 1,536,704 57,203 3.9%
On this sheet:
Total Gross Profit 65,552 67,154 1,602 2.4% 697,641 740,043 42,401 6.1% 2,832,293 2,955,896 123,602 4.4%
This unique management report enables users to compare the actual account balances to the forecast
Products 40.0% 40.5% 0.5% 40.0% 40.4% 0.4% 38.6% 38.7% 0.1%
account balances by simply selecting the appropriate weekly period at the top of the sheet. The report
Services 100.0% 100.0% - 100.0% 100.0% - 100.0% 100.0% -
includes a detailed income statement, cash flow statement and balance sheet and can be used to compare the
Gross Profit % 58.6% 57.5% (1.2%) 57.8% 57.6% (0.2%) 56.8% 56.8% 0.0%
weekly, quarterly and year-to-date account balances. All the calculations on this sheet are automated and no
Other Income 500 500 - - 1,500 1,500 - - 6,000 6,000 - -
user input aside from selecting the period is required on this sheet.
Operating Expenses
Accounting Fees 2,000 2,120 (120) (6.0%) 6,000 6,360 (360) (6.0%) 24,000 25,200 (1,200) (5.0%)
Advertising & Marketing 22,000 18,300 3,700 16.8% 35,000 31,450 3,550 10.1% 126,000 132,550 (6,550) (5.2%)
Bank Charges 500 480 20 4.0% 1,500 1,440 60 4.0% 5,250 5,040 210 4.0%
Cleaning Expenses - - - - 2,870 2,910 (40) (1.4%) 11,025 10,380 645 5.9%
Computer Expenses - - - - 4,200 3,500 700 16.7% 10,139 8,500 1,639 16.2%
Consumables 987 900 87 8.8% 4,543 1,720 2,823 62.1% 7,883 4,290 3,593 45.6%
Electricity & Water 1,000 1,150 (150) (15.0%) 3,000 3,450 (450) (15.0%) 12,000 13,800 (1,800) (15.0%)
Entertainment - - - - 22,000 18,540 3,460 15.7% 34,000 32,340 1,660 4.9%
Equipment Hire - - - - - - - - 18,000 17,200 800 4.4%
Insurance - - - - 6,000 6,600 (600) (10.0%) 24,000 25,200 (1,200) (5.0%)
Legal Fees - - - - 14,000 - 14,000 100.0% 48,340 22,920 25,420 52.6%
Motor Vehicle Expenses - - - - 3,200 4,000 (800) (25.0%) 14,000 17,520 (3,520) (25.1%)
Postage 100 125 (25) (25.0%) 300 375 (75) (25.0%) 1,200 1,500 (300) (25.0%)
Printing & Stationery 300 184 116 38.7% 900 552 348 38.7% 3,600 2,208 1,392 38.7%
Professional Fees - - - - 5,000 4,853 147 2.9% 20,900 23,953 (3,053) (14.6%)
Rent - - - - 60,000 64,500 (4,500) (7.5%) 240,000 247,500 (7,500) (3.1%)
Repairs & Maintenance - - - - 3,100 3,100 - - 11,400 11,400 - -
Security 325 325 - - 975 975 - - 3,900 3,900 - -
Subscriptions - - - - - - - - 3,200 3,280 (80) (2.5%)
Telephone & Fax 2,510 2,745 (235) (9.4%) 7,530 8,235 (705) (9.4%) 30,120 32,940 (2,820) (9.4%)
Training - - - - 4,000 3,350 650 16.3% 16,000 17,190 (1,190) (7.4%)
Uniforms - - - - - - - - 2,500 4,310 (1,810) (72.4%)
Total Operating Expenses 29,722 26,329 3,393 11.4% 184,118 165,910 18,208 9.9% 667,457 663,121 4,336 0.6%
Staff Costs
Salaries 70,000 75,000 (5,000) (7.1%) 215,000 225,000 (10,000) (4.7%) 845,000 870,000 (25,000) (3.0%)
Wages 6,800 6,500 300 4.4% 87,800 84,500 3,300 3.8% 320,000 321,200 (1,200) (0.4%)
Total Staff Costs 76,800 81,500 (4,700) (6.1%) 302,800 309,500 (6,700) (2.2%) 1,165,000 1,191,200 (26,200) (2.2%)
Depreciation 19,000 20,000 (1,000) (5.3%) 53,000 50,000 3,000 5.7% 188,000 185,000 3,000 1.6%
Amortization 1,000 1,000 - - 3,000 3,000 - - 12,000 12,000 - -
Total Depreciation & Amortization 20,000 21,000 (1,000) (5.0%) 56,000 53,000 3,000 5.4% 200,000 197,000 3,000 1.5%
Profit / (Loss) before Interest & Tax (60,470) (61,175) (705) (1.2%) 156,223 213,133 56,909 36.4% 805,836 910,575 104,738 13.0%
Interest Paid
Interest - Loans 1 - - - - 29,212 31,414 (2,203) (7.5%) 119,650 128,550 (8,900) (7.4%)
Interest - Loans 2 - - - - 13,050 14,025 (975) (7.5%) 45,404 53,777 (8,374) (18.4%)
Interest - Loans 3 - - - - 2,500 2,396 104 4.2% 2,500 2,396 104 4.2%
Interest - Leases - - - - 10,112 9,655 457 4.5% 44,293 42,328 1,966 4.4%
Total Interest Paid - - - - 54,873 57,490 (2,617) (4.8%) 211,847 227,051 (15,204) (7.2%)
Profit / (Loss) before tax (60,470) (61,175) (705) (1.2%) 101,350 155,642 54,292 53.6% 593,989 683,524 89,534 15.1%
Taxation (16,932) (17,269) 337 2.0% 28,378 43,160 (14,782) (52.1%) 166,317 189,707 (23,390) (14.1%)
Profit / (Loss) for the year (43,538) (43,906) (367) (0.8%) 72,972 112,482 39,510 54.1% 427,672 493,817 66,145 15.5%
Dividends - - - - - - - - - - - -
Retained earnings for the year (43,538) (43,906) (367) (0.8%) 72,972 112,482 39,510 54.1% 427,672 493,817 66,145 15.5%
Profit / (Loss) % (38.9%) (37.6%) 1.4% 6.0% 8.8% 2.7% 8.6% 9.5% 0.9%
Page 67 of 70
Page 68 of 70
Week 52 Quarter 4 Year-to-Date
Cash Flow Statement Forecast Actual Difference Diff % Forecast Actual Difference Diff % Forecast Actual Difference Diff %
Profit / (Loss) for the year (43,538) (43,906) (367) (0.8%) 72,972 112,482 39,510 54.1% 427,672 493,817 66,145 15.5%
Interest - - - - 54,873 57,490 2,617 4.8% 211,847 227,051 15,204 7.2%
Taxation (16,932) (17,269) (337) (2.0%) 28,378 43,160 14,782 52.1% 166,317 189,707 23,390 14.1%
Depreciation 19,000 20,000 1,000 5.3% 53,000 50,000 (3,000) (5.7%) 188,000 185,000 (3,000) (1.6%)
Amortization 1,000 1,000 - - 3,000 3,000 - - 12,000 12,000 - -
Reserves - - - - - - - - - - - -
Inventory (587) 1,900 2,487 423.7% (5,674) (11,080) (5,406) (95.3%) (31,909) (53,700) (21,791) (68.3%)
Trade Receivables (835) 1,300 2,135 255.7% (16,920) (26,600) (9,680) (57.2%) (90,199) (83,500) 6,699 7.4%
Loans & Advances - - - - 10,000 - (10,000) (100.0%) - (10,000) (10,000) (100.0%)
Other Receivables - - - - - 3,000 3,000 (100.0%) - 3,000 3,000 (100.0%)
Trade Payables 29,862 30,161 299 1.0% 30,485 14,394 (16,091) (52.8%) 82,662 84,789 2,127 2.6%
Sales Tax 5,374 8,075 2,700 50.2% 23,369 24,054 685 2.9% 36,169 35,125 (1,043) (2.9%)
Payroll Accruals 15,360 15,713 353 2.3% 480 368 (112) (23.3%) (560) (1,504) (944) (168.6%)
Other Accruals 60,000 50,000 (10,000) (16.7%) 60,000 50,000 (10,000) (16.7%) 5,000 (5,000) (10,000) (200.0%)
Other Provisions 30,000 32,000 2,000 6.7% 30,000 32,000 2,000 6.7% (12,000) (10,000) 2,000 16.7%
Cash generated from operations 98,705 98,974 269 0.3% 343,963 352,269 8,305 2.4% 995,000 1,066,784 71,785 7.2%
Interest paid - - - - (54,873) (57,490) (2,617) (4.8%) (211,847) (227,051) (15,204) (7.2%)
Taxation paid (79,143) - 79,143 100.0% (79,143) (0) 79,143 100.0% (166,317) (81,941) 84,376 50.7%
Net cash from operating activities 19,562 98,974 79,412 406.0% 209,947 294,778 84,831 40.4% 616,835 757,793 140,957 22.9%
Purchases of property, plant & equipment - - - - (240,000) (250,000) (10,000) (4.2%) (240,000) (250,000) (10,000) (4.2%)
Purchases of intangible assets - - - - - - - - - - - -
Purchases of investments - - - - - - - - - - - -
Net cash used in investing activities - - - - (240,000) (250,000) (10,000) (4.2%) (240,000) (250,000) (10,000) (4.2%)
Proceeds from shareholders' contributions - - - - - - - - - - - -
Dividends paid - - - - - - - - - - - -
Proceeds from loans 1 - - - - - - - - - - - -
Proceeds from loans 2 - - - - - - - - 100,000 100,000 - -
Proceeds from loans 3 - - - - 240,000 250,000 10,000 4.2% 240,000 250,000 10,000 4.2%
Proceeds from finance leases - - - - - - - - - - - -
Repayment of loans 1 - - - - (18,862) (18,176) 687 3.6% (72,646) (69,810) 2,836 3.9%
Repayment of loans 2 - - - - (13,555) (13,289) 266 2.0% (44,755) (47,889) (3,134) (7.0%)
Repayment of loans 3 - - - - (2,900) (3,102) (203) (7.0%) (2,900) (3,102) (203) (7.0%)
Repayment of finance leases - - - - (23,151) (23,298) (146) (0.6%) (88,761) (89,484) (724) (0.8%)
Net cash from financing activities - - - - 181,532 192,136 10,604 5.8% 130,938 139,714 8,775 6.7%
Increase / (Decrease) in cash equivalents 19,562 98,974 79,412 406.0% 151,479 236,914 85,435 56.4% 507,774 647,506 139,733 27.5%
Cash & cash equivalents at beginning of year 659,212 719,532 60,321 9.2% 527,295 581,593 54,298 10.3% 171,000 171,000 - -
Cash & cash equivalents at end of year 678,774 818,506 139,733 20.6% 678,774 818,506 139,733 20.6% 678,774 818,506 139,733 20.6%
Page 69 of 70
Week 52 Quarter 4 Year-to-Date
Balance Sheet Forecast Actual Difference Diff % Forecast Actual Difference Diff % Forecast Actual Difference Diff %
ASSETS
Non-Current Assets
Property, Plant & Equipment 1,102,000 1,115,000 13,000 1.2% 1,102,000 1,115,000 13,000 1.2% 1,102,000 1,115,000 13,000 1.2%
Intangible Assets 108,000 108,000 - - 108,000 108,000 - - 108,000 108,000 - -
Investments 800,000 800,000 - - 800,000 800,000 - - 800,000 800,000 - -
2,010,000 2,023,000 13,000 0.6% 2,010,000 2,023,000 13,000 0.6% 2,010,000 2,023,000 13,000 0.6%
Current Assets
Inventory 201,909 223,700 21,791 10.8% 201,909 223,700 21,791 10.8% 201,909 223,700 21,791 10.8%
Trade Receivables 460,199 453,500 (6,699) (1.5%) 460,199 453,500 (6,699) (1.5%) 460,199 453,500 (6,699) (1.5%)
Loans & Advances 55,000 65,000 10,000 18.2% 55,000 65,000 10,000 18.2% 55,000 65,000 10,000 18.2%
Other Receivables 53,000 50,000 (3,000) (5.7%) 53,000 50,000 (3,000) (5.7%) 53,000 50,000 (3,000) (5.7%)
Cash & Cash Equivalents 678,774 818,506 139,733 20.6% 678,774 818,506 139,733 20.6% 678,774 818,506 139,733 20.6%
1,448,881 1,610,706 161,825 11.2% 1,448,881 1,610,706 161,825 11.2% 1,448,881 1,610,706 161,825 11.2%
Total Assets 3,458,881 3,633,706 174,825 5.1% 3,458,881 3,633,706 174,825 5.1% 3,458,881 3,633,706 174,825 5.1%
Equity
Shareholders' Contributions 1,000 1,000 - - 1,000 1,000 - - 1,000 1,000 - -
Reserves - - - - - - - - - - - -
Retained Earnings 827,672 893,817 66,145 8.0% 827,672 893,817 66,145 8.0% 827,672 893,817 66,145 8.0%
828,672 894,817 66,145 8.0% 828,672 894,817 66,145 8.0% 828,672 894,817 66,145 8.0%
Long Term Loans 1 1,127,354 1,130,190 2,836 0.3% 1,127,354 1,130,190 2,836 0.3% 1,127,354 1,130,190 2,836 0.3%
Long Term Loans 2 555,245 552,111 (3,134) (0.6%) 555,245 552,111 (3,134) (0.6%) 555,245 552,111 (3,134) (0.6%)
Long Term Loans 3 237,100 246,898 9,797 4.1% 237,100 246,898 9,797 4.1% 237,100 246,898 9,797 4.1%
Finance Leases 336,239 335,516 (724) (0.2%) 336,239 335,516 (724) (0.2%) 336,239 335,516 (724) (0.2%)
2,255,938 2,264,714 8,775 0.4% 2,255,938 2,264,714 8,775 0.4% 2,255,938 2,264,714 8,775 0.4%
Current Liabilities
Bank Overdraft - - - - - - - - - - - -
Trade Payables 212,662 214,789 2,127 1.0% 212,662 214,789 2,127 1.0% 212,662 214,789 2,127 1.0%
Sales Tax 52,169 51,125 (1,043) (2.0%) 52,169 51,125 (1,043) (2.0%) 52,169 51,125 (1,043) (2.0%)
Payroll Accruals 19,440 18,496 (944) (4.9%) 19,440 18,496 (944) (4.9%) 19,440 18,496 (944) (4.9%)
Other Accruals 60,000 50,000 (10,000) (16.7%) 60,000 50,000 (10,000) (16.7%) 60,000 50,000 (10,000) (16.7%)
Provision For Taxation - 107,766 107,766 (100.0%) - 107,766 107,766 (100.0%) - 107,766 107,766 (100.0%)
Dividends Payable - - - - - - - - - - - -
Other Provisions 30,000 32,000 2,000 6.7% 30,000 32,000 2,000 6.7% 30,000 32,000 2,000 6.7%
374,271 474,176 99,905 26.7% 374,271 474,176 99,905 26.7% 374,271 474,176 99,905 26.7%
Total Equity & Liabilities 3,458,881 3,633,706 174,825 5.1% 3,458,881 3,633,706 174,825 5.1% 3,458,881 3,633,706 174,825 5.1%
Page 70 of 70

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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

Business Name Example (Pty) Limited

Quarters On this sheet:

Financial Assumptions - Balance Sheet

First Payment Month 1

Number of days in period 7 7 7 7 7 7 7 7 7 7 7 7 7

Number of days in period 7 7 7 7 7 7 7 7 7 7 7 7 7

Number of days in period 7 7 7 7 7 7 7 7 7 7 7 7 7

Number of days in period 7 7 7 7 7 7 7 7 7 7 7 7 7

Number of days in period 7 7 7 7 7 7 7 7 7 7 7 7 7

Number of days in period 7 7 7 7 7 7 7 7 7 7 7 7 7

Number of days in period 7 7 7 7 7 7 7 7 7 7 7 7 7

Number of days in period 7 7 7 7 7 7 7 7 7 7 7 7 7

Number of days in period 91 91 91 91 364

Number of days in period 91 91 91 91 364

Interest Rate 10.25%

Interest Rate 9.25%

Interest Rate 12.50%

Interest Rate 11.50%

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