5.3.

2 Projected Income Statement

PROJECTED INCOME STATEMENT

Five-Year Projected Income Statement

REVENUE 119,361,600.00 256,219,200.00 341,625,600.00 427,032,000.00 547,430,400.00

COST OF SALES: 65,999,383.20 133,318,754.06 179,535,922.14 226,664,101.70 274,716,891.26
PROFIT 53,362,216.80 122,900,445.94 162,089,677.86 200,367,898.30 272,713,508.74

EXPENSES:
SALARIES & WELFARE 0.00 68,432.00 71,853.60 75,446.28 79,218.59 83,179.52
RENT 150,000.00 450,000.00 600,000.00 600,000.00 600,000.00 600,000.00
ELECTRICITY 15,000.00 45,000.00 60,000.00 60,000.00 60,000.00 60,000.00
LICENSES & PERMITS 3,000.00 0.00 3,000.00 3,000.00 3,000.00 3,000.00
INSURANCE 0.00 36,000.00 39,600.00 43,560.00 47,916.00 52,707.60
DEPRECIATION 0.00 115,448.60 115,448.60 115,448.60 115,448.60 115,448.60
ADVERTISING 5,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00
MISCELLANEOUS
10,000.00 30,000.00 30,000.00 30,000.00 30,000.00 30,000.00
(TRANSPO, OTHERS)
SUB-TOTAL 183,000.00 754,880.60 929,902.20 937,454.88 945,583.19 954,335.72

OPERATING INCOME (183,000.00) 52,607,336.20 121,970,543.74 161,152,222.98 199,422,315.10 271,759,173.01

INCOME TAX 0.00 15,782,200.86 36,591,163.12 48,345,666.89 59,826,694.53 81,527,751.90
NET INCOME (183,000.00) 36,825,135.34 85,379,380.62 112,806,556.09 139,595,620.57 190,231,421.11