Professional Documents
Culture Documents
(NPSI)
Projected Income Statement (without ITH Incentives)
Total Sales
Less: 1% Sales Commissions and discounts
Net Sales
Less:Cost of sales
Gross Profit of Sales
Less: Operating Expense
Net Profit (Loss) from Operations
Add: Other Income Net
Less: Interest Expense
net Income before tax (NBIT)
Less: Corporate Income Tax (30% of NIBT)
Net Income per Tax (NIAT)
Note: Year 1 (12 month-period
YEAR 1
634,306,563
0
634,306,563
121,963,055
512,343,508
8,087,165
504,256,343
0
0
504,256,343
151,276,903
352,979,440
YEAR 2
634,306,563
0
634,306,563
121,963,055
512,343,508
8,127,165
504,216,343
0
0
504,216,343
151,264,903
352,951,440
YEAR 3
634,306,563
0
634,306,563
121,963,055
512,343,508
8,152,165
504,191,343
0
0
504,191,343
151,257,403
352,933,940
YEAR 4
634,306,563
0
634,306,563
121,963,055
512,343,508
8,170,165
504,173,343
0
0
504,173,343
151,252,003
352,921,340
YEAR 5
634,306,563
0
634,306,563
121,963,055
512,343,508
8,190,165
504,153,343
0
0
504,153,343
151,246,003
352,907,340
5,595,300
466,275
165,000
65,000
25,000
1,678,590
50,000
7,000
35,000
8,087,165
YEAR 2
5,595,300
466,275
165,000
65,000
27,000
1,678,590
50,000
10,000
70,000
8,127,165
YEAR 3
5,595,300
466,275
165,000
65,000
35,000
1,678,590
50,000
12,000
85,000
8,152,165
YEAR 4
5,595,300
466,275
165,000
65,000
40,000
1,678,590
50,000
15,000
95,000
8,170,165
YEAR 5
5,595,300
466,275
165,000
65,000
50,000
1,678,590
50,000
20,000
100,000
8,190,165
YEAR 2
YEAR 3
YEAR 4
37,650,505
79,527,250
117,177,755
4,155,300
37,650,505
79,527,250
117,177,755
4,155,300
37,650,505
79,527,250
117,177,755
4,155,300
37,650,505
79,527,250
117,177,755
4,155,300
0
250,000
150,000
25,000
55,000
150,000
121,963,055
0
250,000
150,000
25,000
55,000
150,000
121,963,055
0
250,000
150,000
25,000
55,000
150,000
121,963,055
0
250,000
150,000
25,000
55,000
150,000
121,963,055
YEAR 5
37,650,505
79,527,250
117,177,755
4,155,300
0
250,000
150,000
25,000
55,000
150,000
121,963,055