PROJECTED INCOME STATEMENT

2010
0.00

2011
0.00

2012
776,103.80

2013
838192.10

2014
905247.47

25,742.00
32,500.00
-58,242.00

27029.10
34125.00
-61,154.10

59180.56
35831.25
681,091.99

62139.59
37622.81
738,429.70

65246.57
39503.95
800,496.95

3,200.00
6,651.60
14,400.00
600.00
0.00
27,368.00
720.00
4,500.00
54,239.60
4339.17
58,578.77

3360.00
6984.18
15120.00
630.00
0.00
25,000.00
756.00
0.00
48,490.18
3879.21
52,369.39

3528.00
7333.39
15876.00
661.50
0.00
23,000.00
793.80
0.00
47,664.69
3813.18
51,477.86

3704.40
7700.06
16669.80
694.58
0.00
21,500.00
833.49
0.00
47,397.92
3791.83
51,189.76

3889.62
8085.06
17503.29
729.30
0.00
20,000.00
875.16
0.00
47,192.82
3775.43
50,968.25

Finance expenses
Depreciation
Ceda Loan- Interest

73,035.02
273,926.64

73,035.02
263,106.44

73,035.02
251,446.23

73,035.02
238,880.81

73,035.02
225,339.91

Profit Before Tax

Income Tax @ .25 %

-463,782.43
0

-449,664.95
0

305,132.88
76283.22

375,324.12
93831.03

451,153.78
112788.44

Profit After Tax

-463,782.43

-449,664.95

228,849.66

281,493.09

338,365.33

TURNOVER
DIRECT COSTS/PRIME COSTS
Direct Expenses
Direct wages and salaries
GROSS PROFIT/LOSS
OTHER INCOME
EXPENSES
Accounting fees
Animal vaccines & solutions
fuel and oil
Communication
Marketing & stationery
insurance
Bank charges
Mentoring & consultancy
Total operating
Contigency 5% of total Expenses

Roll over adjustment/Relief possible

CASH FLOW STATEMENT PROJECTED IN YEARS

2009/10

2010/11

2011/12

Cash inflow
Sales
Other income [ower:s contribution
CEDA Loan
Total cash Inflow

0.00
0.00
1,300,638.06
1,300,638.06

431,664.00
50,000.00
0.00
481,664.00

633,420.00
0.00
0.00
633,420.00

Cash Outflow
Direct Costs
Factory overheads and admin expenses
Contigency 8%
Net Cashoutflow total after contigiency

45,107.64
1,105,809.06
88,464.72
1,239,381.42

48,716.25
#REF!
95,541.90
#REF!

52,613.55
#REF!
103,185.26
#REF!

Financing costs
Interest on overdraft
Loan repayment
Total cash outflow

0.00
0.00
1,239,381.42

0.00
0.00
#REF!

0.00
164,696.04
#REF!

#REF!
61,256.64
#REF!

#REF!
#REF!
#REF!

Net cash in/out flow

Balance from previous year
Balance c/f

61,256.64
0.00
61,256.64

2012/13

2013/14

684093.60
0.00
0.00
684,093.60

738821.09
0.00
0.00
738,821.09

56,822.64
#REF!
111,440.08
#REF!

61,368.45
#REF!
120,355.28
#REF!

0.00
164,696.04
#REF!

0.00
164,696.04
#REF!

#REF!
#REF!
#REF!

#REF!
#REF!
#REF!

PROJECTED BALANCE SHEET

2010/11
Non Current Assets
Land and Buildings
1,900,000.00
Well accessories
131,708.00
Motor van
108,000.00
TOTAL FIXED ASSETS(Historic cost)
2,139,708.00
Less; Accmulated deprecia
36,850.00
Net fixed Assets
2,102,858.00

2011/12

2012/13

2013/14

2014/15

1,900,000.00 1,900,000.00 1,900,000.00 1,900,000.00

131,708.00
131,708.00
131,708.00
131,708.00
108,000.00
108,000.00
108,000.00
108,000.00
2,139,708.00 2,139,708.00 2,139,708.00 2,139,708.00
73,700.00
110,550.00
147,400.00
184,250.00
2,066,008.00 2,029,158.00 1,992,308.00 1,955,458.00

Investments
Current assets
Inventory
Accounts receivable
Cash and Bank
TOTAL CURRENT ASSETS
Current Liabilities
Accounts payable
Taxation
Loans-curren Portion

1,848,027.73 2,567,411.57 2,835,703.01 2,447,707.83 2,243,083.79

641,560
0
0.00
0.00
0.00
93,275.24
27,306.00
212,000.00
254,908.00
116,980.00
2,582,862.97 2,594,717.57 3,047,703.01 2,702,615.83 2,360,063.79

0.00
0
0.00
0.00

0.00
0
0.00
0

0
413,303.76
413303.76

0.00
0
413,303.76
413303.76

0.00
0
413,303.76
413303.76

TOTAL CURRENT LIABILITIES

Net current assets

2,582,862.97 2,594,717.57 2,634,399.25 2,289,312.07 1,946,760.03

TOTAL NET ASSETS

4,685,720.97 4,660,725.57 4,663,557.25 4,281,620.07 3,902,218.03

Capital Employed
Owner's contribution
Retained Earnings/Reserve
Loan-CEDA
TOTAL EMPLOYED CAPITAL

1,243,529.33 1,243,529.33 1,243,529.33 1,243,529.33 1,243,529.33

-273,182.46 -298,177.86
117,957.58
149,324.16
183,225.88
3,715,374.10 3,715,374.10 3,302,070.34 2,888,766.58 2,475,462.82
4,685,720.97 4,660,725.57 4,663,557.25 4,281,620.07 3,902,218.03

PROJECTED CASHFLOW STATEMENT FOR FIRST 12 MONTHS

YEAR 2010/11
1

0.00
0.00
3,715,374.10
3,715,374.10

0
0
0
0.00

0.00

0.00

0.00

4,961.16

4,961.16

4,961.16

4,961.16

4,961.16

266.67
2,200,000.00
1,084,500.00
71,896.00
0.00
1,200.00
50.00
7,368.00
60.00
0.00

266.67

266.67

266.67

266.67

1,200.00
50.00

1,200.00
50.00

1,200.00
50.00

1,200.00
50.00

60.00
0.00

60.00
0.00

60.00
0.00
800.00

60.00
0.00

4,500.00
3,374,801.83
168,740.09
3,543,541.92

6,537.83
326.89
6,864.72

6,537.83
326.89
6,864.72

7,337.83
366.89
7,704.72

6,537.83
326.89
6,864.72

0.00
0.00
3,543,541.92

0.00
6,864.72

0.00
6,864.72

0.00
7,704.72

0.00
6,864.72

Cash inflow
Sales
Other income [ower:s contribut
CEDA Loan
Total cash Inflow
Cash Outflow
Direct Costs
Other operating Cost
Accounting Fees
Purchase of farm
Purchase of livestock
Transport
Quality accreditation
Fuel and Oil
Communication
Insurance
Bank Charges
Marketing & stationery
Maintenance/Repairs
Mentoring
Sub total
Contigency @ 5%
Cashoutflow total
Financing costs
Interest on overdraft
Loan repayment
Total cash outflow
Net cash in/out flow
Balance from previous month
Balance c/f f

171,832.18 -6,864.72 -6,864.72 -7,704.72 -6,864.72

0.00 171,832.18 164,967.46 158,102.74 150,398.01
171,832.18 164,967.46 158,102.74 150,398.01 143,533.29

10

11

12 TOTAL

0
0.00

0.00

0.00

0.00

0.00

0.00

0.00

4,961.16

4,961.16

4,961.16

4,961.16

4,961.16

4,961.16

4,961.16

59,533.92

266.67

266.67

266.67

266.67

266.67

266.67

266.67

3,200.04

1,200.00
50.00

1,200.00
50.00

1,200.00
50.00

1,200.00
50.00

1,200.00
50.00

1,200.00
50.00

1,200.00
50.00

60.00
0.00

60.00
0.00

60.00
0.00
800.00

60.00
0.00

60.00
0.00

60.00
0.00

60.00
0.00
1,300.00

6,537.83
326.89
6,864.72

6,537.83
326.89
6,864.72

7,337.83
366.89
7,704.72

6,537.83
326.89
6,864.72

6,537.83
326.89
6,864.72

6,537.83
326.89
6,864.72

7,837.83
391.89
8,229.72

0.00
14,400.00
600.00
7,368.00
720.00
0.00
2,900.00
4,500.00
93,221.96
4,661.10
97,883.06

0.00
6,864.72

0.00
6,864.72

0.00
7,704.72

0.00
6,864.72

0.00
6,864.72

0.00
6,864.72

0.00
8,229.72

0.00
157,416.98

0.00
0.00
3,715,374.10
0.00 3,715,374.10

-6,864.72 -6,864.72 -7,704.72 -6,864.72 -6,864.72 -6,864.72 -8,229.72

143,533.29 136,668.57 129,803.85 122,099.13 115,234.41 108,369.69 101,504.96
136,668.57 129,803.85 122,099.13 115,234.41 108,369.69 101,504.96 93,275.24