EARTHTODAY.

BIZ COMPANY
Statement of Profit and Loss
December 31, 20XX

Sales, net of Output Tax
Operating Expenses:
Selling Expenses
Administrative Expenses
Net Income (Loss) Before Tax
Other Comprehensive Income (Loss)
Total Comprehensive Income(Loss) for the period

Year 1
Note
1
$ 468,000.00
2
3

$
$
$
$
$

(54,000.00)
(43,800.00)
370,200.00
370,200.00

Year 2

Year 3

$ 608,400.00

$ 790,920.00

$
$
$
$
$

$
$
$
$
$

(59,400.00)
(50,820.00)
498,180.00
498,180.00

(65,340.00)
(53,042.00)
672,538.00
672,538.00

EARTHTODAY.BIZ COMPANY
Statement of Financial Position
As of December 31, 20XX
Year 1

Year 2

Year 3

$ 63,260.00
$ 163,800.00
$ 227,060.00

$ 260,579.00
$ 212,940.00
$ 473,519.00

$
$
$

606,062.90
276,822.00
882,884.90

$ 141,600.00
$ 141,600.00

$ 220,200.00
$ 220,200.00

$
$

248,800.00
248,800.00

$ 368,660.00

$ 693,719.00

$ 1,131,684.90

6

$
$

$
$

$
$

7

$ 358,880.00
$ 358,880.00

$ 682,697.00
$ 682,697.00

$ 1,119,846.70
$ 1,119,846.70

$ 368,660.00

$ 693,719.00

$ 1,131,684.90

Note
Assets
Current Assets
Cash and Cash Equivalents
Trade and Other Receivables
Total Current Assets
Non Current Assets
Property, Plant and Equipment (Net)
Total Non current Assets

5

Total Assets
Liabilities and Equity
Current Liabilities
Trade and Other Payables
Total Current Liabilities
Equity
Common Shareholder's Equity
Total Equity
Total Liabilities and Equity

Checking:

9,780.00
9,780.00

-

11,022.00
11,022.00

-

11,838.20
11,838.20

-

EARTHTODAY.BIZ COMPANY
Statement of Cash Flows
As of December 31, 20XX
Year 1

Year 2

Year 3

$ 370,200.00
$ 23,600.00
$ 393,800.00

$ 498,180.00
$ 28,600.00
$ 526,780.00

$ 672,538.00
$ 28,600.00
$ 701,138.00

Notes
Cash Flow from Operating Activities
Net Income
Add back: Depreciation:
Adjusted Income
Increase (Decrease) In Balance Sheet Accounts
Increase in Trade and Other Receivables
Increase In Trade and Other Payables
Net Cash Inflow from Operating Activities

$ (163,800.00) $ (49,140.00) $ (63,882.00)
$
9,780.00 $
1,242.00 $
816.20
$ (154,020.00) $ (47,898.00) $ (63,065.80)

Cash Flow from Investing Activities
Properties (General)
Vehicles
Building Improvement
Computers and Office Equipments
Organizational Cost
Net Cash Outflow from Investing Activities

$ (100,000.00) $
$
$ (15,000.00) $
$
$
$ (50,000.00) $
$
(3,000.00) $
$
$
(250.00) $
$
$ (118,250.00) $ (50,000.00) $

Others
Cash Flow from Financing Activities
Net Cash Inflow (Outflow) from Financing Activities
Net Cash Inflow (Outflow)
Add: Cash Beginning
Cash, as recorded on Balance Sheet

$ 71,300.00 $ (57,200.00)
$ (129,570.00) $ (174,363.00)
$ (58,270.00) $ (231,563.00)
$ 63,260.00 $ 197,319.00
$ 63,260.00
$ 63,260.00 $ 260,579.00

Beginning Cash
Checking

63,260.00
-

260,579.00
-

$
$
$
$
$
$

(57,200.00)
(235,388.30)
(292,588.30)
345,483.90
260,579.00
606,062.90
606,062.90
-

EARTHTODAY.BIZ COMPANY
Statement of Changes in Equity
As of December 31, 20XX
Year 1

Year 2

Year 3

Notes
Shareholder's Capital, Beginning
Net Income
Capital Withdrawals
Shareholder's Capital, Ending

$
$
$
$

118,250.00
370,200.00
(129,570.00)
358,880.00

$
$
$
$

358,880.00
498,180.00
(174,363.00)
682,697.00

$ 682,697.00
$ 672,538.00
$ (235,388.30)
$ 1,119,846.70

Supporting Schedules for Income Statement
Note 1 – Sales
Revenue Projection:
Per Ad
10
10
5

Real Estates Ads
Job Ads
Multiposts Ads
Total

No. of Ads
4000
4000
2000
$

2012
No. of Ads
4,000.00
8000
4,000.00
8000
2,000.00
4000
468,000.00

Note 2 – Selling Expenses
Salaries and Allowances
Script Programmming
Hosting of Sites
Selling Expenses

$

50,000.00
2,000.00
2,000.00
54,000.00 $

55,000.00
2,200.00
2,200.00
59,400.00 $

60,500.00
2,420.00
2,420.00
65,340.00

$

200.00
1,000.00
3,000.00
1,000.00
1,000.00
10,000.00
2,500.00
1,300.00
200.00
23,600.00
43,800.00 $

220.00
1,100.00
3,300.00
1,100.00
1,100.00
11,000.00
2,750.00
1,430.00
220.00
28,600.00
50,820.00 $

242.00
1,210.00
3,630.00
1,210.00
1,210.00
12,100.00
3,025.00
1,573.00
242.00
28,600.00
53,042.00

100,000.00
15,000.00
50,000.00
3,000.00
3,000.00
$ 118,000.00 $ 168,000.00 $
23,600.00
52,200.00
$ 141,600.00 $ 220,200.00 $

100,000.00
15,000.00
50,000.00
3,000.00
168,000.00
80,800.00
248,800.00

Note 3 – Administrative Expenses
Corporation Charter fees
Taxes and Licenses
Miscellaneous expense
General Insurance Expense
Car Insurance
Travel Expenses
Utilities
Telecommunications expense
Accounting software
Depreciation
Administrative Expenses

Note 4 – Property, Plant, and Equipment

Properties (General)
Vehicles
Building Improvement
Computers and Office Equipments
Total
Accumulated Depreciation
Carrying Value

100,000.00
15,000.00

Note 5 – Trade and Other Receivables
Sales
Projected % per Sales
Trade and Other Receivables

$ 468,000.00 $ 608,400.00 $
35%
35%
163,800.00
212,940.00

790,920.00
35%
276,822.00

Note 6 – Trade and Other Payables
Administrative Expenses
Selling Expenses
Total Expenses
Projected % per Expenses
Trade and Other Payables

43,800.00
54,000.00
97,800.00
10%
9,780.00

50,820.00
59,400.00
110,220.00
10%
11,022.00

53,042.00
65,340.00
118,382.00
10%
11,838.20

118,250.00
370,200.00
(129,570.00)
358,880.00

358,880.00
498,180.00
(174,363.00)
682,697.00

682,697.00
672,538.00
(235,388.30)
1,119,846.70

Note 7 – Shareholder's Equity

Equity, Capital Beginning
Net Income
Capital Withdrawals
Equity, Capital Ending

2013
80,000.00
80,000.00
40,000.00
$ 608,400.00

16000
10000
8000

2014
160,000.00
100,000.00
80,000.00
$ 790,920.00

Organizational Cost
Total Organizational Cost

$

250.00

$
$
$
$

100,000.00
15,000.00
3,000.00
118,000.00
250.00
118,250.00

Initial Investment Cost
Cash and Cash Equivalents
Modest Properties (General)
Vehicles
Computers and Office Equipments
Fixed Investment Cost
Organizational cost
Total Fixed Investment Cost

Year 1
Year 2
Year 3

Depreciation Table
Modest Properties (General)
Depreciation Acc. Depreciation
20,000.00
20,000.00
20,000.00
40,000.00
20,000.00
60,000.00
60,000.00
120,000.00

Depreciation Table
Vehicles
Year 1
Year 2
Year 3

Year 1
Year 2
Year 3

Depreciation Acc. Depreciation
3,000.00
3,000.00
3,000.00
6,000.00
3,000.00
9,000.00
9,000.00
18,000.00
Depreciation Table
Computers and Office Equipments
Depreciation Acc. Depreciation
600.00
600.00
600.00
1,200.00
600.00
1,800.00
1,800.00
3,600.00

Depreciation Table
Building Improvement
Depreciation
Year 1
Year 2
Year 3

5,000.00
5,000.00
10,000.00

Acc. Depreciation
5,000.00
10,000.00
15,000.00

Book Value
80,000.00
60,000.00
40,000.00
180,000.00

Book Value
12,000.00
9,000.00
6,000.00
27,000.00

Book Value
2,400.00
1,800.00
1,200.00
5,400.00

Book Value
45,000.00
40,000.00
85,000.00

Projected expenses

Any local or state tax docs…………………………………………………
Any state or local licenses……(if any )……………………
Property insurance coverage…………………………………………………
Salaries for two to begin………………………………………………………
Company car for one ……………………………………………………………………
Auto insurance per yr…………………………………………………………………
Travel expenses first 5 yrs…………………………………………………
Script programming…………………………………………………………………………
Website pre launch market testing…………………………………
Utilities per year…………………………………………………………………………
Hosting of sites per yr……………………………………………………………
Incorporation of operation …………………………………………………
Yearly upkeep of corporation charter…………………………
Advertising budget…………………………………………………………………………
Land lines and dsl per yr………………………………………………………
Cell phone for two per yr………………………………………………………
small business accounting software and other o
Miscellaneous per yr……………………………………………………………………
All figures

…………$500.00
…………………………$500.00
………$1000 yr estimate only
………….50k per yr
….15k one time
………$1000.00
……………….10k
….2k
…………………TBA
…….$2500.00
…………$2000.00
…………$250.00
…………………….$200.00
…TBA
………………$600.00
………………………. $700.00
ffice programs per year………………
………………………………………$3

SALES NUMBER OF ADS
TOTALS YEAR 1 NUMBER OF ADS
TOTALS YEAR 2 NUMBER OF ADS
TOTALS YEAR 3
REALESTATE ADS $10.00 4000
40.000 8000
80.000 16000
160
JOB ADS $10.00 4000
40.000 8000
80.000 10000
100
MULTIPOST ADS $5.00 2000
10.000 4000
20.000 8000
40.000 Sub total for years $90.000 $180.000 $3
OPERATION COSTS
EBITDA
TAXES , INTEREST, DEPRECIATION
NET PROFIT

-

………………$500.00
000 yr estimate only

………….$200.00

……$600.00
……………. $700.00
rams per year…………………….$200.00
……………………………$3000.00

Cost to buy modest property to run business out of, up to 100k
Cost of set up and renovations if any budget at 50k
Computers and office equipment for two people in startup, up to 3 k