LAB 9

FINANCIAL PLANNING
PT INDOFOOD CBP SUKSES MAKMUR TBK.
PRO FORMA INCOME STATEMENT

2017 actual 2018 forecasted

Revenue
Indonesia 32,000,000,000,000 33,600,000,000,000
Other countries 600,000,000,000 660,000,000,000
Total revenue 32,600,000,000,000 34,260,000,000,000
Cost of goods sold
Variable COGS 20,000,000,000,000 21,018,404,907,975.50
Fixed COGS 5,000,000,000,000 5,000,000,000,000
Total COGS 25,000,000,000,000 26,018,404,907,976
Gross profit 7,600,000,000,000 8,241,595,092,025
Operating expenses 2,400,000,000,000 2,522,208,588,957.06
EBIT 5,200,000,000,000 5,719,386,503,067
Interest expenses 350,000,000,000 350,000,000,000
EBT 4,850,000,000,000 5,369,386,503,067
Taxex (25%) 1,212,500,000,000 1,342,346,625,766.87
Net income 3,637,500,000,000 4,027,039,877,301

PT INDOFOOD CBP SUKSES MAKMUR TBK.

PRO FORMA BALANCE SHEET

2017 actual 2018 forecasted

Asset
Cash 8,800,000,000,000 12,609,669,734,151
Accounts receivable 4,000,000,000,000 4,203,680,981,595.09
Inventory 3,200,000,000,000 3,330,355,828,220.86
Total current asset 16,000,000,000,000 20,143,706,543,967
Net fixed asset 15,000,000,000,000 15,500,000,000,000
Total asset 31,000,000,000,000 35,643,706,543,967
Liabilities and equity
Accounts payable 7,000,000,000,000 7,466,666,666,667
Bonds payable (interest 7%) 5,000,000,000,000 5,000,000,000,000
Total liabilities 12,000,000,000,000 12,466,666,666,667
Equity
Capital stock 6,000,000,000,000 6,000,000,000,000
Share premium 1,000,000,000,000 1,000,000,000,000
Retained earnings 12,000,000,000,000 16,027,039,877,301
Total equity 19,000,000,000,000 23,027,039,877,301
External financing required 150,000,000,000
Total liabilities and equity 31,000,000,000,000 35,493,706,543,967
 PT INDOFOOD CBP SUKSES MAKMUR TBK.
PRO FORMA CASH FLOW STATEMENT

2018 forecasted
Net income 4,027,039,877,301
Cash flow from operating activities:
Depreciation 150,000,000,000
Increase in A/R (203,680,981,595)
Increase in inventory (130,355,828,221)
Increase in A/P 466,666,666,667
Net cash flow from operating activities 4,309,669,734,151
Cash flow from investing activities
Increase in fixed asset 500,000,000,000
Net cash flow for investing activities 500,000,000,000
Net increase (decrease) in cash 3,809,669,734,151
Cash, beginning 8,800,000,000,000
Cash, ending 12,609,669,734,151
Percentage variable COGS:
0.613497
Operating expenses:
0.07362

AR turnover:
8.15
Inventory turnover:
7.8125
AP turnover:
0.21