ERON'S BAKERY

Projected Statement of Financial Position

ERON'S BAKERY
As of December 31, 2017

Projected Income Statement

Assets
First Quarter
Current Assets

1350000
Cash and cash
equivalents
Trade Receivables
Cost of sales
625000
Inventories
Revenue

Gross profit

725000

For the Year Ended December 31, 2017

Second
First Quarter
Quarter
Third Quarter
Second Quarter
Third Quarter
322000
1382650
212000
153916
317000

Fourth
Quarter
Fourth Quarter
1435100
212000

31000
211000
792000
1035000
111000

0
352000
505916

23000
634900
808200
1148200
747750

29250
642200
811400
1052650
792900

1830000
72000
115750

1714250
115750
41400
1639900
2145816

1598500
72000
115750
41400
60000
1524150
64820
2672350

1482750
11575072000

Total
448975
0
211310
0
237665
0

Non-Current Assets

ExpensesProperty, Plant & Equipment

Salaries Less: Accumulated
72000
Depreciation
Payable Furniture and Fixtures
Rent Expense
60000
Utilities
62400
Expense Total Assets
Telephone
2400
Equity
and
Liabilities
Legal Expense
0
Current
Liabilities
Total
196800
Trade and other payables
Short-term
borrowings
Profit before
tax
528200
Current portion of long-term borrowings
Income tax Total current liabilities
158460
expense
Profit for the
369740
Non-current liabilities
year
Long-term borrowings

41400
60000
1755650
14500
2790650
620
0
147120
100000
35000
-36120
120000
-10836
255000

194500
0
120000
314500

-25284

2400
0
199220
40263
5000
548530
120000
164559
165263
383971

41400
60000
1408400
61430
2461050
2400
1665
197495
70350
42300595405
120000
178621.5
232650
416783.5

500000

380000

260000

340000

755000

694500

425263

572650

Total Equity

2035650
2035650

1451316
1451316

2247087
2247087

1888400
1888400

Total equity and liabilities

2790650

2145816

2672350

2461050

Total liabilities
Equity

Owners, Capital

288000
240000
203150
7820
1665
740635
163601
5
490804.
5
114521
0.5