Financial file

1. Estimated budget:

Here are various simulations for 3 different figures:

A low estimate:

The first year is estimated that a quantity of 30,000 machines will b sold, for the second year
we will have a sale of 35,000 machines and during the third year a sale of 45,000 machines.

An average estimate:

Opening year, it is estimated that a quantity of 45,000 machines will be sold, for the second
year, we will have a sale of 50,000 machines and during the third year a sale of 60,000
machines.

An increased estimate:

The year of opening, it is estimated that 60,000 machines will be sold, for the second year we
will have a sale of 65,000 machines and in the third year a sale of 70,000 machines.

a. Low estimate (in thousands):

N N+1 N+2

Selles 30 35 45

turnover 240000 280000 360000

Raw materials 39000 45500 58500

Wage bill 92280 92280 92280

Administrative costs 10000 10000 10000

communication/advertisi 80000 60000 60000

ng
EBE 18720 72220 139220

b. Average estimate (in thousands ):

N N+1 N+2

Selles 45 50 60
 Turnover 360000 400000 480000

Raw materials 58500 65000 78000

Wage bill 92280 92280 92280

Administrative costs 10000 10000 10000

Communication/advertisi 80000 60000 60000

ng
EBE 119220 172720 239720

C) inscreased estimate ( in thousands )

N N+1 N+2

selles 60 65 70

turnover 480000 520000 560000

Raw Material 78000 84500 91000

Wage bill 92280 92280 92280

Administrative costs 10000 10000 10000

Communication/advertisi 80000 60000 60000

ng
EBE 219720 273220 306720

2. Forecast opening balance sheet (uin thousands):

Active Going up Passive Going up

Fixed assets Permanent finanacing

Patent 100000 Key 100400

Technical facilities 200

Transport equipment 200

Circulating assets - Circulating liabilities

Funds - Funds

complete 100400 complete 100400

3) Income account and forecast expenses

A) Low estimate (in thousands):

N N+1 N+2

Exploitation of merchandise 240000 280000 360000

Exploitation product 240000 280000 360000

Consumed purchase of materials and supplies 45000 52500 67500

Staff costs 92280 92280 92280

Other external charges 90010 70010 70010

Exploitation charges 227290 214790 229790

Operating resultt 12710 65210 130210

Finanial product 0 0 0

Financial expenses 0 0 0

Bottom line - - -

Non current products 0 0 0

Non current charges 0 0 0

Non-current result - - -

Result before taxes 12710 65210 130210

Incom tax ( 30%) 3813 19563 39063

Net result 8897 45647 91147

B) Average estimate ( in thousand )

N N+1 N+2

Exploitation of merchandise 360000 400000 480000

Exploitation product 360000 400000 480000

Consumed purchase of materials and supplies 64500 72000 87000

Staff costs 92280 92280 92280

Other external charges 90010 70010 70010

Exploitation charges 246790 234290 249290

Operating result 113210 165710 230710

Finanial product 0 0 0

Financial expenses 0 0 0

Bottom line - - -

Non current products 0 0 0

Non current charges 0 0 0

Non-current result - - -

Result before taxes 113210 165710 230710

 Incom tax ( 30%) 33963 49713 69213

Net result 79247 115997 161497

C) Increased estimate ( in thousands ) :

N N+1 N+2

Exploitation of merchandise 480000 520000 560000

Exploitation product 480000 520000 560000

Consumed purchase of materials and supplies 84000 91500 100000

Staff costs 92280 92280 92280

Other external charges 90010 70010 70010

Exploitation charges 266290 253790 262290

Operating result 213710 266210 297710

Finanial product 0 0 0

Financial expenses 0 0 0

Bottom line - - -

Non current products 0 0 0

Non current charges 0 0 0

Non-current result - - -

Result before taxes 213710 266210 297710

Incom tax ( 30%) 64113 79863 89313

Net result 149597 186347 208397

4Estimation of financial flows

a) low estimate (in thousandes)

N N+1 N+2

Turn over 240000 28000 360000

0
Working capital requirements (15%) 36000 4200 54000
0
C. in working capital requirements 36000 6000 12000

0 N N+1 N+2

turnover 240000 280000 360000

Charges 227290 214790 229790

Endowment (fully amortized) - - -

Résult before taxes 12710 65210 130210

tax 3813 19563 39063

CAF 8897 45647 91147

C. in working capital 36000 6000 12000

requirements
FTE -36000 2897 33647 91147

Investment -300000

Recap. From working capital 54000

VNC -

FNT -336000 2897 33647 91147

For a discount rate of 10%

VAN= -I+∑FF(1+i)ˆ-k
VAN=-300000+[(2897*1,1ˆ-1)+(33647*1,1ˆ-2)+(91147*1,1^-3)]=-201078,8
IP=(VAN/I)+1
IP=(-201078,8/300000)+1= 0,32

B) average estimate (in thousands)

N N+1 N+2

Turn over 480000 520000 560000

Working capital 72000 78000 84000

requirements (15%)
C. in working capital 72000 6000 6000
requirements
0 N N+1 N+2

turnover 480000 520000 560000

Charges 266290 253790 262290

Endowment (fully amortized) - - -

Résult before taxes 213710 266210 297710

tax 64113 79863 89313

CAF 149597 186347 208397

C. in working capital 72000 6000 6000

requirements
FTE -72000 143597 180347 208397

Investment -300000

Recap. From working capital 72000

VNC -
FNT -372000 143597 180347 208397

For a discount rate of 10%

VAN= -I+∑FF(1+i)ˆ-k
VAN=-300000+[(73247*1,1ˆ-1)+(103997*1,1ˆ-2)+(161497*1,1^-3)]= -26128,8
IP=(VAN/I)+1
IP=(-26128,8/300000)+1= 0,9

C) Increased estimate :

N N+1 N+2

Turn over 480000 520000 560000

Working capital 72000 78000 84000

requirements (15%)
C. in working capital 72000 6000 6000
requirements
0 N N+1 N+2

turnover 480000 520000 560000

Charges 266290 253790 262290

Endowment (fully amortized) - - -

Résult before taxes 213710 266210 297710

tax 64113 79863 89313

CAF 149597 186347 208397

C. in working capital 72000 6000 6000

requirements
FTE -72000 143597 180347 208397

Investment -300000

Recap. From working capital 72000

VNC -

FNT -372000 143597 180347 208397

For a discount rate of 10%

VAN= -I+∑FF(1+i)ˆ-k
VAN=-300000+[(143597*1,1ˆ-1)+(180347*1,1ˆ-2)+(208397*1,1^-3)]= 136161,6
IP=(VAN/I)+1
IP=(136161,6/300000)+1= 1,5
Delays to recover capital

Updated -372000 130542,72 149047,10 156571,79

financial flows
Cumulation of -372000 -2414572,28 -92410,18 64161,61
flows

Drc = 2 years et 212 days that is 2 years et 7 months

Profitability rate:

the company begins to generate profits for a 3% discount rate.

Calendrier :

stepts Beginning Ending

Idea design and 01/04/2021 01/05/2022
analysis
Marketing study 01/05/2021 01/06/2022

Production 20/06/2021 20/07/2022

Distribution to 25/07/2021 -
wholesalers
Marketing and 01/08/2021 -
launch