TOY WORLD INC.

Pro-forma Income Statement for 1994 ('000 $)

Jan
Feb
Mar

Net Sales
COGS

120
78.12

140
91.14

Apr

160
104.16

May

140
91.14

June

140
91.14

July

140
91.14

160
104.16

Gross Profit
Operating Expense
Interest Expense
Interest Income

41.88
48.86
55.84
48.86
48.86
48.86
55.84
209.5833 209.5833 209.5833 209.5833 209.5833 209.5833 209.5833
9.249375 3.609375 3.609375 4.466585 9.348209 13.85395 18.79295
0.666667 2.06778 2.68903 0.666667 0.666667 0.666667 0.666667

Profit before Taxes

Tax
Profit after Tax

-176.286
-59.9373
-116.349

-162.265
-55.1701
-107.095

-154.664
-52.5857
-102.078

-164.523
-55.9379
-108.585

-169.405
-57.5977
-111.807

-173.911
-59.1296
-114.781

-171.87
-58.4357
-113.434

200
300
221.44
1176

200
280
130.3
1176

200
280
39.16
1176

200
300
-65
1176

Pro-forma Balance Sheet as at end of ..('000 $)

As on 31st Dec, 1993

Cash
200 620.334
Accounts Receivable
2905
1060
Inventory
586
507.88
Net Plant & Equipment
1176
1176

806.709
260
416.74
1176

200
300
312.58
1176

4867 3364.214 2659.449 1988.58 1897.44

1786.3 1695.16
1611
Account Payable 286
250
250
250
250
250
250
250
Notes payable
752
0
0 114.2946 765.1779 1365.943 2051.213 2681.423
Accrued Taxes
88 28.06275 -27.1073 -167.693 -258.631 -316.229 -410.358 -468.794
Lon-term debt, Current
50
50
50
50
50
50
50
50
Total Assets

Total Liabilities

Long-term debt 400

Shareholders' Equity
3295

400
400
3178.7
3071.6
3906.714 3744.449

400
2969.5
3616.08

400
2860.9
4067.44

400
2749.1
4498.8

375
2634.3
4950.16

375
2520.9
5408.5

Pro-forma Cashflow Statement

Collections

1965

940

120

140

160

140

140

Purchases
-282
Other Manuf. Expenditures-292.5
Operating Exp.
-209.583
Taxes

-250
-292.5
-209.583

-250
-292.5
-209.583
-88

-250
-292.5
-209.583
-35

-250
-292.5
-209.583

-250
-292.5
-209.583
-35

-250
-292.5
-209.583

Long-term debt
Interest Paid
Intrest Received
Net Cashflow
Cl.Balance
Loan

-25
-9.24938 -3.60938 -3.60938 -4.46658 -9.34821 -13.8539
-18.793
0.666667 2.06778 2.68903 0.666667 0.666667 0.666667 0.666667
1172.334 186.3751 -721.004 -650.883 -600.765 -685.271
-630.21
620.334 806.709 85.70535 -450.883 -400.765 -485.271
-430.21
114.2946 765.1779 1365.943 2051.213 2681.423

Aug

Sept

1620
1054.62

Oct

1840
1197.84

Nov

Dec

2140
2285
1393.14 1487.535

1994

1115
725.865

10000
6510

565.38
642.16
746.86 797.465 389.135
3490
209.5833 209.5833 209.5833 209.5833 209.5833
2515
23.51953 28.28155 33.19178 26.92635 18.96392 193.8129
0.666667 0.666667 0.666667 0.666667 0.666667 11.42348
0
332.9438 404.9618 504.7515 561.622 161.2544 792.6105
113.2009 137.687 171.6155 190.9515 54.8265 269.4876
219.7429 267.2748 333.136 370.6705 106.4279 523.1229

200
1780
-1119.62
1176

200
3460
-2317.46
1176

200
3980
-3710.6
1176

200
4425
-5198.14
1176

200
3400
-5924
1176

2036.38 2518.54
1645.4 602.865
-1148
250
250
250
250
250
3316.359 3971.057 3135.666 2074.009 764.3895
-355.593 -252.906 -81.2904 109.6611 129.4876
50
50
50
50
50

375
2740.6
6376.38

375
3007.9
7401.04

375
375
3341.0
3711.7
7070.4 6570.365

350
3818.1
5362

140

160

1620

1840

2140

-250
-292.5
-209.583

-250
-292.5
-209.583
-35

-250
-292.5
-209.583

-250
-292.5
-209.583

-250
-292.5
-209.583
-35

-25
-23.5195 -28.2815 -33.1918 -26.9263 -18.9639
0.666667 0.666667 0.666667 0.666667 0.666667
-634.936 -654.698 835.3915 1061.657 1309.619
-434.936 -454.698 1035.392 1261.657 1509.619
3316.359 3971.057 3135.666 2074.009 764.3895