Income Statement

Less
=

Year
Sales (Units)
Price
COGS/UNIT
Incremental COGS/UNIT
Total Sales
COGS
Gross Profit

Add

Commission

Add
=

Interest Income
Total Revenue
Labor Costs
Marketing Costs

2008
700
2000
1100
1400000
770000
630000

2009
850
2200
1210
110
1870000
1028500
841500

2010
1000
2400
1320
110
2400000
1320000
1080000

100000
105000
115000
11.51293 11.56172 11.65269
34650
49000 59372.5
764650
995500 1254373

Less

Admin & General Expenses

R&D Costs
Total Operating Expenses

105000
70000
0.05
50000
0
225000

127500
93500
0.05
50000
100000
371000

Operating Profit

539650

624500 934372.5

Less

Depreciation

111111

100000

=
Less

PBIT
Interest

428539
114950

524500 844372.5
107000
99350

=
Less

PBT
Tax @ 30%

313589
94077

417500 745022.5
125250 223506.8

=
Less

PAT
Dividend Payout @ 50%

219512
109756

292250
146125

521516
260758

Transfer to Reserves

109756

146125

260758

Sales Growth Rate

150000
120000
0.05
50000
0
320000

90000

2011
1150
2600
1430
110
2990000
1644500
1345500

2012
1300
2800
1540
110
3640000
2002000
1638000

E2013
1625
2800
1650
110
4550000
2681250
1868750

125000
135000 145456.594723
11.73607 11.81303
79638.6 107538.3
1550139 1880538
172500
149500
0.05
50000
0
372000

195000
182000
0.05
50000
0
427000

1178139

1453538

81000

72900

1097139
92000

1380638
84950

364000
8%

1005139 1295688
301541.6 388706.5
703597
351799

906982
453491

351799

453491

25%

25%

25%

Commission/carpet
Slope

7.75%
9000

Balance Sheet
2008
140000
77000
70000
287000

2009
187000
102850
93500
383350

2010
240000
132000
120000
492000

2011
299000
164450
149500
612950

2012
364000
200200
182000
746200

Land
Plant & Machinery
Investments

1000000
1000000
490000

1000000
900000
593725

1000000
810000
796386

1000000
729000
1075383

1000000
656100
1442271

Total Assets

2777000

2877075

3098386

3417333

3844571

70000
77000
22500
169500

93500
102850
27100
223450

120000
132000
32000
284000

149500
164450
37200
351150

182000
200200
42700
424900

Secured Loan
Paid up Share Capital
Reserves and Surplus

1000000
500000
1107500

900000
500000
1253625

800000
500000
1514383

700000
500000
1866181

600000
500000
2319672

Total Liabilities

2777000

2877075

3098386

3417333

3844571

Account Receivables
Inventory
Cash
Total CA

Bank Borrowings
Account Payables
Accrued Expenses
Total CL

Average Collection Period

Days' Inventory
Days' payables
Asset turnover ratio
Marketing expense(%of Sales)
Labour cost (per sales unit)
Depreciation
Bank Borrowings as % of sales
Accrued expenses
Interest Income
Interest Expense

2008
2009
36.5
36.5
36.5
36.5
36.5
36.5
0.504141 0.649966
0.05
0.05
150
150
10%
10%
5%
5%
10.0%
7.3%
0.268237 0.204004

2010
2011
36.5
36.5
36.5
36.5
36.5
36.5
0.774597 0.874951
0.05
0.05
150
150
10%
10%
5%
5%
10.0%
10.0%

2012
36.5
36.5
36.5
0.94679
0.05
150
10%
5%
10.0%

24
30
48

24
30
48

24
30
48

0.08
150
10%
5%
10.0%
10%

0.08
150
10%
5%
10.0%
10%

0.08
150
10%
5%
10.0%
10%