Term Loan Amortisation Schedule

Loan Amount(RM): 300,000.00 Interest Rate: 10%

Loan Period(years): 10 Method: Annual rest
Year Interest(RM) Principal(RM) Payment(RM) Balance(RM)
0 - - - 300,000.00
1 30,000.00 30,000.00 60,000.00 270,000.00
2 27,000.00 30,000.00 57,000.00 240,000.00
3 24,000.00 30,000.00 54,000.00 210,000.00
4 21,000.00 30,000.00 51,000.00 180,000.00
5 18,000.00 30,000.00 48,000.00 150,000.00
6 15,000.00 30,000.00 45,000.00 120,000.00
7 12,000.00 30,000.00 42,000.00 90,000.00
8 9,000.00 30,000.00 39,000.00 60,000.00
9 6,000.00 30,000.00 36,000.00 30,000.00
10 3,000.00 30,000.00 33,000.00 -

Hire purchase Loan Amortisation Schedule

Type of asset : Van

Cost of asset(RM) : 40,000.00
Down payment(RM): 20,000.00
Loan amount(RM) : 20,000.00
Interest rate : 10%
Loan periods(years) : 5
Method : Flat rate

Year Interest(RM) Principal(RM) Payment(RM) Balance(RM)

0 - - - 20,000.00
1 2,000.00 4,000.00 6,000.00 16,000.00
2 2,000.00 4,000.00 6,000.00 12,000.00
3 2,000.00 4,000.00 6,000.00 8,000.00
4 2,000.00 4,000.00 6,000.00 4,000.00
5 2,000.00 4,000.00 6,000.00 -
Depreciation Schedule

Type of asset : Motor vehicle

Original cost(RM) : 40,000.00
Economic life(yrs): 5
Scrap value(RM) : 0
Method : Straight line

Annual Accumulated Net Book

Year
Depreciation(RM) Depreciation(RM) Value(RM)
0 - - 40,000.00
1 8,000.00 8,000.00 32,000.00
2 8,000.00 16,000.00 24,000.00
3 8,000.00 24,000.00 16,000.00
4 8,000.00 32,000.00 8,000.00
5 8,000.00 40,000.00 -

Type of asset Equipment

: & Furniture (operation)
Original cost(RM) : 14,690.00
Economic life(yrs): 5
Scrap value(RM) : 0
Method : Straight line

Annual Accumulated Net Book

Year
Depreciation(RM) Depreciation(RM) Value(RM)

0 - - 14,690.00
1 2,938.00 2,938.00 11,752.00
2 2,938.00 5,876.00 8,814.00
3 2,938.00 8,814.00 5,876.00
4 2,938.00 11,752.00 2,938.00
5 2,938.00 14,690.00 -

Type of asset : Equipment & Furniture

Original cost(RM) : 18,200.00
Economic life(yrs): 5
Scrap value(RM) : 0
Method : Straight line
 Annual Accumulated Net Book
Year
Depreciation(RM) Depreciation(RM) Value(RM)

0 - - 18,200.00
1 3,640.00 3,640.00 14,560.00
2 3,640.00 7,280.00 10,920.00
3 3,640.00 10,920.00 7,280.00
4 3,640.00 14,560.00 3,640.00
5 3,640.00 18,200.00 -

Type of asset : Signboard

Original cost(RM) : 2,000.00
Economic life(yrs): 5
Scrap value(RM) : 0
Method : Straight line

Annual Accumulated Net Book

Year
Depreciation(RM) Depreciation(RM) Value(RM)

0 - - 2,000.00
1 400.00 400.00 1,600.00
2 400.00 800.00 1,200.00
3 400.00 1,200.00 800.00
4 400.00 1,600.00 400.00
5 400.00 2,000.00 -
 MONTH PRE-OPERATION(RM) JAN.(RM) FEB.(RM) MAR.(RM) APR.(RM) MAY(RM) JUNE(RM) JULY(RM) AUG.(RM) SEPT.(RM) OCT.(RM) NOV.(RM) DEC.(RM) YEAR 1(RM)
A Cash Inflow:
Equity-Cash 175,000 175,000
Term loan 300,000 300,000
Cash sales 50,000 58,000 75,000 70,000 80,000 78,600 73,000 78,000 82,000 85,000 92,000 100,000 921,600
B Total Cash Inflow 475,000 50,000 58,000 75,000 70,000 80,000 78,600 73,000 78,000 82,000 85,000 92,000 100,000 1,396,600
C Cash Outflow:
Operational Expenditure:
Raw materials 23,830 23,830 23,830 23,830 23,830 23,830 23,830 23,830 23,830 23,830 23,830 23,830 285,955
Direct labour 10,843 10,843 10,843 10,843 10,843 10,843 10,843 10,843 10,843 10,843 10,843 10,843 130,118
Operational overheads 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 24,000
Transportation cost 400 400 400 400 400 400 400 400 400 400 400 400 4,800
Stationary 100 100 100 100 100 100 100 100 100 100 100 100 1,200
Marketing Expenditure:
Business card 200 200 200 200 200 200 200 200 200 200 200 200 2,400
Flyers 500 500 500 500 500 500 500 500 500 500 500 500 6,000
online ads 1,600 1,600 1,600 1,600 1,600 1,600 1,600 1,600 1,600 1,600 1,600 1,600 19,200
xxx -
Administrative Expenditure:
Salaries & wages 15,500 15,500 15,500 15,500 15,500 15,500 15,500 15,500 15,500 15,500 15,500 15,500 186,000
EPF 1,705 1,705 1,705 1,705 1,705 1,705 1,705 1,705 1,705 1,705 1,705 1,705 20,460
SOCSO 271 271 271 271 271 271 271 271 271 271 271 271 3,255
sip 41 41 41 41 41 41 41 41 41 41 41 41 492
insurance 800 800 800 800 800 800 800 800 800 800 800 800 9,600
utilities 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 24,000
shop rental 3,300 3,300 3,300 3,300 3,300 3,300 3,300 3,300 3,300 3,300 3,300 3,300 39,600
statinaries 250 250 250 250 250 250 250 250 250 250 250 250 3,000
Loan Repayment:
Principal 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 30,000
Interest 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 30,000
Hire Purchase Repayment:
Down payment 20,000 20,000
Principal 333 333 333 333 333 333 333 333 333 333 333 333 4,000
Interest 167 167 167 167 167 167 167 167 167 167 167 167 2,000
Capital Expenditure:
Furniture 18,200 18,200
Furniture & Fittings 2,000 2,000
Machine & Equipment 14,690 14,690
Pre-operational Expenditure:
Registration 60 60
license 660 660
Deposits 8,600 8,600
Website domain 500 500
fire extingusher 70 70
Insurance & roadtax 475 475
D Total Cash Outflows 65,255 68,840 68,840 68,840 68,840 68,840 68,840 68,840 68,840 68,840 68,840 68,840 68,840 891,336
E Cash Surplus/(Deficit) 409,745 (18,840) (10,840) 6,160 1,160 11,160 9,760 4,160 9,160 13,160 16,160 23,160 31,160 505,264
F Beginning Cash Balance - 409,745 390,905 380,065 386,225 387,385 398,545 408,305 412,465 421,625 434,785 450,945 474,104 -
G Ending Cash Balance 409,745 390,905 380,065 386,225 387,385 398,545 408,305 412,465 421,625 434,785 450,945 474,104 505,264 505,264
 YEAR YEAR 1(RM) YEAR 2(RM) YEAR 3(RM)
A Cash Inflow:
Equity-Cash 175,000 - -
Term loan 300,000 - -
Cash sales 921,600 1,013,760 1,115,136
B Total Cash Inflow 1,396,600 1,013,760 1,115,136
C Cash Outflow:
Operational Expenditure:
Raw materials 285,955 314,551 346,006
Direct labour 130,118 143,130 157,443
Operational overheads 24,000 26,400 29,040
Transportation cost 4,800 4,800 4,800
Stationary 1,200 1,200 1,200
Marketing Expenditure:
Business card 2,400 - -
Flyers 6,000 - -
online ads 19,200 21,120 23,232
xxx -
Administrative Expenditure:
Salaries & wages 186,000 186,000 186,000
EPF 20,460 20,460 20,460
SOCSO 3,255 3,255 3,255
sip 492 492 492
insurance 9,600 9,600 9,600
utilities 24,000 24,000 24,000
shop rental 39,600 39,600 39,600
stationaries 3,000 3,000 3,000
Loan Repayment:
Principal 30,000 30,000 30,000
Interest 30,000 27,000 24,000
Hire Purchase Repayment:
Down payment 20,000 - -
Principal 4,000 4,000 4,000
Interest 2,000 2,000 2,000
Capital Expenditure:
Furniture 18,200 - -
signboard 2,000 - -
Machine & Equipment 14,690 - -
Pre-operational Expenditure:
Registration 60 - -
license 660 - -
Deposits 8,600 - -
website domain 500 500 500
fire extingusher 70 70 70
insurances & roadtax 475 475 475
D Total Cash Outflows 891,336 860,608 908,128
E Cash Surplus/(Deficit) 505,264 153,152 207,008
F Beginning Cash Balance - 505,264 658,416
G Ending Cash Balance 505,264 658,416 865,424
 SMART PRINTING ENTERPRISE
STATEMENT OF COMPRENHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2016, 2017, 2018
YEAR 1 YEAR 2 YEAR 3
RM RM RM RM RM RM
SALES 921,600 1,013,760 1,115,136
(-) COST OF GOODS SOLD:
Opening stock - 4,000 4,000
Add: Purchase 285,955 314,551 346,006
Goods Available for Sales 285,955 318,551 350,006
Less: Closing stock 4,000 (281,955) 4,000 (314,551) 4,000 (346,006)
GROSS PROFIT 639,645 699,209 769,130
LESS: OPERATING EXPENSES
Operational Expenditure:
Direct labour 130,118 143,130 157,443
Operational overheads 24,000 26,400 29,040
Transportation cost 4,800 4,800 4,800
Stationary 1,200 1,200 1,200
sip 228 228 228
Marketing Expenditure:
Business card 2,400 - -
Flyers 6,000 - -
online ads 19,200 21,120 23,232
xxx - - -
Administrative Expenditure:
Salaries & wages 186,000 186,000 186,000
EPF 20,460 20,460 20,460
SOCSO 3,255 3,255 3,255
sip 492 492 492
insurance 9,600 9,600 9,600
utilities 24,000 24,000 24,000
shop rental 39,600 39,600 39,600
stationaries 3,000 3,000 3,000
Interest:
Term loan 30,000 27,000 24,000
Hire purchase 2,000 2,000 2,000
Depreciation Charges:
Furniture 3,640 3,640 3,640
signboard 400 400 400
Land & Building 2,938 2,938 2,938
Motor Vehicles 8,000 8,000 8,000
Pre-operational Expenditure:
Registration 60 - -
license 660 - -
website doamin 500 500 500
fire ext 70 70 70
 insurance & roadtax 475 475 475
TOTAL OPERATING EXPENSES (523,096) (528,308) (544,373)
116,548 170,901 224,757
 SMART PRINTING ENTERPRISE
STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2016, 2017, 2018
YEAR 1 YEAR 2 YEAR 3
NON-CURRENT ASSETS RM RM RM RM RM RM
Van 32,000 24,000 16,000
Furniture 14,560 10,920 7,280
Furniture & Fittings 1,600 1,200 800
Machine & Equipment 11,752 8,814 5,876
Err:509 - 59,912 - 44,934 - 29,956

CURRENT-ASSETS
Cash at bank and hand 505,264 658,416 865,424
Stocks 4,000 4,000 4,000
Deposits 8,600 8,600 8,600
577,776 715,950 907,980

OWNER'S EQUITY
Equity-Cash 175,000 175,000 175,000
Accumulated Profit 116,548 287,449 512,206

NON-CURRENT LIABILITIES
Term loan 270,000 240,000 210,000
Hire-purchase 16,000 12,000 8,000
577,548 714,449 905,206