Income Statement

Year 1 Year 2 Year 3

Revenue 7,200,000 8,316,000 9,604,980
Cost of Goods Sold 2,880,000 3,326,400 3,841,992
Gross Profit 4,320,000 4,989,600 5,762,988
General selling and administration expenses
Wages Expense 160,000 184,000 211,600
Rental Expenses 360,000 378,000 396,900
Utilities Expense 600,000 618,000 636,540
Communication Expenses 60,000 60,000 60,000
Office Expenses 120,000 123,600 127,308
Promotional Expense 144,000 166,320 192,100
Insurance Expense 50,000 50,000 50,000
Depreciation Expense 50,300 50,300 50,300
Miscellaneous Expense 60,000 61,200 62,424
Subtotal 1,604,300 1,691,420 1,787,172
Operating Income 2,715,700 3,298,180 3,975,816
Interest Expense 30,000 27,887 23,187
Earning before Tax 2,685,700 3,270,293 3,952,629
Tax 349,141 425,138 513,842
Net Profit/Loss after Tax 2,336,559 2,845,155 3,438,787
Year 4 Year 5 Year 6 Year 7 Year 8 Year 9
11,093,752 12,813,283 14,799,342 17,093,240 19,742,693 22,802,810
4,437,501 5,125,313 5,919,737 6,837,296 7,897,077 9,121,124
6,656,251 7,687,970 8,879,605 10,255,944 11,845,616 13,681,686

243,340 279,841 321,817 370,090 425,603 489,444

416,745 437,582 459,461 482,434 506,556 531,884
655,636 675,305 695,564 716,431 737,924 760,062
60,000 60,000 60,000 60,000 60,000 60,000
131,127 135,061 139,113 143,286 147,585 152,012
221,875 256,266 295,987 341,865 394,854 456,056
50,000 50,000 50,000 50,000 50,000 50,000
50,300 50,300 50,300 50,300 50,300 50,300
63,672 64,946 66,245 67,570 68,921 70,300
1,892,696 2,009,301 2,138,488 2,281,976 2,441,744 2,620,058
4,763,555 5,678,669 6,741,118 7,973,968 9,403,872 11,061,628
18345 13355 8213 2915 0 0
4,745,211 5,665,314 6,732,905 7,971,053 9,403,872 11,061,628
616,877 736,491 875,278 1,036,237 1,222,503 1,438,012
4,128,333 4,928,823 5,857,627 6,934,816 8,181,369 9,623,617
Year 10 Yearly Data Growth Assumptions
26,337,246 Price Y 1 150 Sales Price Growth
10,534,898 Price Y 2 165 Production Growth
15,802,347 Price Y 3 182 COGS Growth
Price Y 4 200 Wages Growth Rate
562,860 Promotional Expense Growth rate
558,478 Price Y 5 220 Office Exp.
782,864 Price Y 6 242 Utilities Exp.
60,000 Price Y 7 266 Rental Exp.
156,573 Price Y 8 292
526,745 Price Y 9 322
50,000 Price Y 10 354
50,300
71,706 Goods Sold. Y1 48,000
2,819,526 Goods Sold. Y2 50,400
12,982,822 Goods Sold. Y3 52,920
0 Goods Sold. Y4 55,566
12,982,822 Goods Sold. Y5 58,344
1,687,767 Goods Sold. Y6 61,262
11,295,055 Goods Sold. Y7 64,325
Goods Sold. Y8 67,541
Goods Sold. Y9 70,918
Goods Sold. Y10 74,464

COGS Per Unit

Y1 60
Y2 66
Y3 73
Y4 80
Y5 88
Y6 97
Y7 106
Y8 117
Y9 129
Y 10 141
mptions
10% Loan 1,000,000
5%
10%
15%
2%
3%
3%
5%
 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7
Cash 200,000
Accounts Receivables 0 0 0 0 0 0 0
Pre-Paid Insurance 50000 50000 50000 50000 50000 50000 50000
Pre-Paid Rent 360000 378000 396900 416745 437582.3 459461.4 482434.4
Total Current Assets 410000 428000 446900 466745 487582.3 509461.4 532434.4

Machinery & Equipment 503,000 452,700 402,400 352,100 301,800 251,500 201,200
Total Fixed Assets 503000 452,700 402400 352,100 301800 251,500 201200
Total Assets 1,113,000 880,700 849,300 818,845 789,382 760,961 733,634

Liabilities & Equity

Long Term Debt 1000000
Total Liabilities 1000000

Equity 113,000

Total L&E 1,113,000

Year 8 Year 9 Year 10

0 0 0
50000 50000 50000
506556.2 531884 558478.2
556556.2 581884 608478.2

150,900 100,600 50,300

150,900 100600 50,300
707,456 682,484 658,778
 Year 1 Year 2 Year 3 Year 4
Operating Activities
Net Profit 2,336,559 2,845,155 3,438,787 4,128,333
Add: Dep. Expense 50300 50300 50300 50300
Machine & Equipments
Building Rent
Insurance Expense
Year 5 Year 6 Year 7 Year 8 Year 9 Year 10

4,928,823 5,857,627 6,934,816 8,181,369 9,623,617 11,295,055

50300 50300 50300 50300 50300 50300