Management Report
M&K Resto and Cafe
15 December 2020
Prepared by Mary Joy Calagui
Contents

Executive Summary 3
Cash Summary 4
Profit and Loss 5
Balance Sheet 6
Aged Receivables 7
Aged Payables 8

Management Report  |  M&K Resto and Cafe  |  15 December 2020   Page 2 of 8

Executive Summary

M&K Resto and Cafe 

For the month of March 2020 
Mar 2020 Feb 2020 Variance

Cash 
Cash received 96,050 - 0.0%
Cash spent 135,513 - 0.0%
Cash surplus (deficit) (39,463) - 0.0%
Closing bank balance 25,737 65,200 -60.5%

Profitability 
Income 95,347 - 0.0%
Direct costs - - 0.0%
Gross profit (loss) 95,347 - 0.0%
Other Income - - 0.0%
Expenses 81,963 893 9073.8%
Profit (loss) 13,384 (893) 1598.0%

Balance Sheet 
Debtors 39,161 31,950 22.6%
Creditors 19,098 2,755 593.2%
Net assets 159,642 150,258 6.2%

Income 
Number of invoices issued 6.0 0.0 0.0%
Average value of invoices 6,853 - 0.0%

Performance 
Gross profit margin 100.0% 0.0%
Net profit margin 14.0% 0.0%
Return on investment (p.a.) 100.6% -7.1% 1509.9%

Position 
Average debtors days 12.7 0.0 0.0%
Average creditors days 7.2 89.4 -91.9%
Short term cash forecast 20,063 29,195 -31.3%
Current assets to liabilities 3.4 35.3 -90.5%
Term assets to liabilities 0.0%

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Cash Summary

M&K Resto and Cafe 

For the month ended 31 March 2020 
Excluding Tax 
Mar 2020 Monthly Avg Variance

Income 
Fees Earned 59,579 19,860 200.0%
Accounts Receivable 900 300 200.0%
Maintenance Supplies 4,400 1,467 200.0%
Total Income 64,879 21,626 200.0%

Less Operating Expenses 

Advertising Expense 7,670 2,557 200.0%
Driver Salaries Expense 33,300 11,100 200.0%
Fuel Expense 820 273 200.0%
Maintenance Supplies Expense 4,400 1,467 200.0%
Miscellaneous Administrative Expense 4,680 1,560 200.0%
Office Salaries Expense 21,200 7,067 200.0%
Rent Expense 2,500 833 200.0%
Office Supplies 536 179 200.0%
Historical Adjustment (29,195) (9,732) -200.0%
Total Operating Expenses 45,910 15,303 200.0%
Operating Surplus (Deficit) 18,968 6,323 200.0%

Plus Non Operating Movements 

Office Equipment (1,570) (523) -200.0%
Vehicles (52,518) (17,506) -200.0%
Total Non Operating Movements (54,088) (18,029) -200.0%

Plus Movements in Equity 

M&K, Drawing (4,000) (1,333) -200.0%
Total Movements in Equity (4,000) (1,333) -200.0%

Tax Movements 
Tax Inputs (3,965)
Tax Outputs 3,621
Net Tax Movements (344) 0.0%

Net Cash Movement (39,463) (13,040) -202.6%

Summary 
Opening Balance 65,200
Plus Net Cash Movement (39,463)
Closing Balance 25,737

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Profit and Loss

M&K Resto and Cafe 

For the month ended 31 March 2020 
Mar-20 Feb-20 Jan-20 Dec-19 YTD

Income 
Fees Earned 95,347 - - - 95,347
Total Income 95,347 - - - 95,347

Gross Profit 95,347 - - - 95,347

Less Operating Expenses 

Advertising Expense 7,670 - - - 7,670
Depreciation Expense - Office Equip. 389 363 363 - 1,114
DepreciationExpense - Vehicle 755 531 531 - 1,817
Driver Salaries Expense 33,300 - - - 33,300
Fuel Expense 820 - - - 820
Maintenance Supplies Expense 4,400 - - 7,240 4,400
Miscellaneous Administrative Expense 10,930 - - - 10,930
Office Salaries Expense 21,200 - - 3,690 21,200
Rent Expense 2,500 - - - 2,500
Total Operating Expenses 81,963 893 893 10,930 83,750

Net Profit 13,384 (893) (893) (10,930) 11,597

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Balance Sheet

M&K Resto and Cafe 

As at 31 March 2020 
31 Mar 2020 31 Mar 2019

Assets 
Bank 
Cash 25,737 -
Total Bank 25,737 -

Current Assets 
Accounts Receivable 39,161 -
Maintenance Supplies 127 -
Office Supplies 3,295 -
Total Current Assets 42,582 -

Fixed Assets 
Accum. Depr.-Office Equipment (5,364) -
Accum. Depr.-Vehicle (18,024) -
Office Equipment 18,870 -
Vehicles 116,207 -
Total Fixed Assets 111,689 -
Total Assets 180,008 -

Liabilities 
Current Liabilities 
Accounts Payable 19,098 -
Accrued Expenses (710) -
Value Added Tax 1,978 -
Total Current Liabilities 20,366 -
Total Liabilities 20,366 -

Net Assets 159,642 -

Equity 
Current Year Earnings 11,597 -
M&K, Capital 162,975 -
M&K, Drawing (4,000) -
Retained Earnings (10,930) -
Total Equity 159,642 -

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Aged Receivables

M&K Resto and Cafe 

March 2020 
Current February January December Older Total

Receivables 
Ellis Co. 840 - - - - 840
Jarvis Co. 7,200 - - - - 7,200
Sajeev Co. 9,200 - - - - 9,200
Trent Co. 17,321 - - - - 17,321
Various Customers 4,600 - - - - 4,600
Total Receivables 39,161 - - - - 39,161
100.0% 0.0% 0.0% 0.0% 0.0%

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Aged Payables

M&K Resto and Cafe 

March 2020 
Current February January December Older Total

Payables 
Bastille Co. 2,430 - - - - 2,430
Master Supply Co. 4,140 - - - - 4,140
Mclyntyre Sales Co. 3,228 - - - - 3,228
Office City 990 - - - - 990
Office Staff 710 - - - - 710
Surneco 7,000 - - - - 7,000
Various Supplier 600 - - - - 600
Total Payables 19,098 - - - - 19,098
 
Current February January December Older Total
Total Expense Claims - - - - - -

Total 19,098 - - - - 19,098

100.0% 0.0% 0.0% 0.0% 0.0%

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