WUKWASHA DESIGN AND TAILORING

PRO FORMA INCOME STATEMENT

MONTH 1 – MONTH 12

NET SALES K 3,719,690.00

LESS: COST OF GOODS K 1,637,804.20
GROSS INCOME K 2,081,885.80

OPERATING EXPENSES
RENTALS K 72,000
UTILITIES K 72,000
SALES PROMOTION K 37,440
SALARIE/WAGES K 180,000
MISCELLANEOUS K 120,000

TOTAL EXPENSES K 481,440.00

NET INCOME BEFORE TAX K 1,600,445.80

LESS: INCOME TAX K 256,071.32
NET INCOME AFTER TAX K 1,344,374.48.00

ASSUMPTIONS
1) Net sales based on price of K 45 per
Unit
Appx 21,650 units sold in first quarter Appx 5412 units per month
Appx 26,950 units sold in second quarter Appx 6,737 units per month
Appx 34,060 units sold in third quarter Appx 8,515 units per month

These estimates are based on the high demand of the product in each market.

2) 60% of the profit will be re-invested for new market entry and increased
production