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FOREVER YOUNG CAMPSITE

PROJECTED TRADING PROFIT & LOSS ACCOUNT


FOR THE PERIOD ENDED 31ST DECEMBER 2010 2011 2012
Kshs Kshs Kshs
Income 5,605,000 8,393,250 9,248,900

Opening stock - 750,000 1,150,000


Purchases 2,880,000 3,080,000 2,950,000
Less closing stock 750,000 1,150,000 1,250,000
Cost of sales 2,130,000 2,680,000 2,850,000

Gross Profit 3,475,000 5,713,250 6,398,900

Operating Expenses
Administrative expenses
Salaries & Wages 960,000 972,000 980,000
Motor vehicle running expenses 395,000 415,000 425,000
General Office expenses 12,000 6,000 5,000
Telephone & Internet Expenses 8,100
### 8,100 8,100
Printing and Stationery 18,200 17,000 15,000
Security 72,000 72,000 72,000
Acount Fee 30,000 30,000 30,000
Secretarial Fee 45,000 10,000 10,000
Repairs & Maintainance 10,000 15,000 20,000
1,550,300 1,545,100 1,565,100
Establishment expenses
Licences and permits 81,700 81,700 81,700
Provision for Depreciation 681,500 544,063 719,325
Electricity & Water 432,000 432,000 420,000
1,195,200 1,057,763 1,221,025
Finance costs
Bank interest 470,000 250,000 60,000
Loan interest 240,000 185,000 155,000
Financial services 150,000 100,000 55,000
860,000 535,000 270,000
Distribution expenses
Advertising & Marketing 525,000 215,200 215,200
Sales Promotion 200,000 150,000 150,000
Travelling Costs 180,000 150,330 180,000
905,000 515,530 545,200
Total expenditure 4,510,500 3,653,393 3,601,325

Operating Profit (1,035,500) 2,059,858 2,797,575


Balance b/d - (1,035,500) 1,024,358
Balance c/d (1,035,500) 1,024,358 3,821,933
FOREVER YOUNG COMPOSITE
PROJECTED BALANCE SHHET
AS AT 31ST DECEMBER 2010 2011 2012
Kshs Kshs Kshs
Non Current Assets
Land 2,000,000 2,000,000 2,000,000
Buildings 1,729,000 1,642,550 1,560,423
Motor Vehicle 1,440,000 1,080,000 1,560,000
Furniture & Fittings 332,500 308,438 291,758
Computers & Stationaries 357,000 303,450 427,933
Preliminary Expenses 230,000 230,000 230,000
6,088,500 5,564,438 6,070,113
Current Assets
Creditors deposit 200,000 800,000 800,000
Cash & Cash Equivalents 2,500,000 311,670 350,008
Bank account - - 1,165,813
Debtors 250,500 300,500 300,500
Stocks 750,000 1,150,000 1,250,000
3,700,500 2,562,170 3,866,320
Current Liabilities
Bank overdraft 1,560,000 200,000 -
Trade and other payables 450,000 500,000 500,000
2,010,000 700,000 500,000

Working Capital 1,690,500 1,862,170 3,366,320

Total Assets 7,779,000 7,426,608 9,436,433

EQUITY AND LIABILITIES


Capital 5,614,500 5,614,500 5,614,500
Long term loan 3,200,000 787,750 -
Revenue Reseves (1,035,500) 1,024,358 3,821,933
Total equity and liabilities 7,779,000 7,426,608 9,436,433
- - -
FOREVER YOUNG COMPOSITE
PROJECTED CAHFLOW STATEMENT
AS AT 31ST DECEMBER 2010 2011 2012
Kshs Kshs Kshs

Profit/(Loss) from operations before tax (1,035,500) 2,059,858 2,797,575


Adjustments for
Depreciation 681,500 544,063 719,325
681,500 544,063 719,325
Movement in working capital changes
Decrease/(Increase) in stock (750,000) (400,000) (100,000)
Decrease/(Increase) in debtors (250,500) (50,000) -
Decrease/(Increase) in Creditors Deposits (200,000) (600,000) -
Increase/(Decrease) payables 450,000 50,000 -
Net cashflow from operating activities (750,500) (1,000,000) (100,000)

Net cashflows generated from from operations (1,104,500) 1,603,920 3,416,900

Investing activities
Purchase of tangible fixed assets (6,540,000) (20,000) (1,225,000)
Preliminary Expenses (230,000) - -
Net cash used in investing activities (6,770,000) (20,000) (1,225,000)

Financing activities
Loan 3,200,000 (2,412,250) (787,750)
Partners Contributions 5,614,500 - -
Net cash used inflow from financing activities 8,814,500 (2,412,250) (787,750)

(Decrease)/increase in cash and cash Equivalent 940,000 (828,330) 1,404,150

At the End 940,000 111,670 1,515,820


At the Start - 940,000 111,670
(Decrease)/increase in cash and cash equivalent 940,000 (828,330) 1,404,150
- - -

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FOREVER YOUNG CASMPSITE
NOTES FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31ST DECEMBER 2010

FIXED ASSEST MOVEMENT SCHEDULE

Land Buildings Motor Vehicle Furniture & Computers & TOTALS


Fittings Stationaries
Shs Shs Shs Shs Shs Shs
COST OR VALUATION
As at start - - - - - -
Additions 2,000,000 1,820,000 1,920,000 380,000 420,000 6,540,000
As at 30 June 2010 2,000,000 1,820,000 1,920,000 380,000 420,000 6,540,000

DEPRECIATION
Charge for the year - 91,000 480,000 47,500 63,000 681,500
As at 30 June 2010 - 91,000 480,000 47,500 63,000 681,500

NET BOOK VALUE 2,000,000 1,729,000 1,440,000 332,500 357,000 5,858,500

FOREVER YOUNG CAMPSITE


NOTES FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31ST DECEMBER 2011

Land Buildings Motor Vehicle Furniture & Computers & TOTALS


Fittings Stationaries
Shs Shs Shs Shs Shs Shs
COST OR VALUATION
As at start 2,000,000 1,729,000 1,440,000 332,500 357,000 5,858,500
Additions - - - 20,000 - 20,000
As at 30 June 2010 2,000,000 1,729,000 1,440,000 352,500 357,000 5,878,500

DEPRECIATION
Balance b/d - 91,000 480,000 47,500 63,000 681,500
Charge for the year - 86,450 360,000 44,063 53,550 544,063
As at 30 June 2010 - 177,450 840,000 91,563 116,550 1,225,563

NET BOOK VALUE 2,000,000 1,642,550 1,080,000 308,438 303,450 5,334,438

FOREVER YOUNG CAMPSITE


NOTES FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED JUNE 2012
Land Buildings Motor Vehicle Furniture & Computers & TOTALS
Fittings Stationaries
Shs Shs Shs Shs Shs Shs
COST OR VALUATION
As at start 2,000,000 1,642,550 1,080,000 308,438 303,450 5,334,438
Additions - - 1,000,000 25,000 200,000 1,225,000
As at 30 June 2010 2,000,000 1,642,550 2,080,000 333,438 503,450 6,559,438

DEPRECIATION
Balance b/d - 177,450 840,000 91,563 116,550 1,225,563
Charge for the year - 82,128 520,000 41,680 75,518 719,325
As at 30 June 2010 - 259,578 1,360,000 133,242 192,068 1,944,887

NET BOOK VALUE 2,000,000 1,560,423 1,560,000 291,758 427,933 5,840,113