Year 1 (1st April 2021 - 31ar March 2022) Year 2 (1st April 2022 - 31st Ma

Tasks Completed: Year 1 Balance Sheet, Year 1 Cash Flow Statement, Year 1 Profit and
Loss Statement
Business Profile:
Business Name: Launchpad Enterprise Tamara Popper & Associates
Business Partners & Investors: iCollege
Seed Investment: 300,000 by partners
Grants: 75000
iCollege will provide its infrastructure and other facilities as part of agreement plus
salaries will be paid by iCollege as per contract
Launchpad Enterprise Tamara Popper

BALANCE SHEET END OF YEAR 1 STATEMENT OF CASH FLOW

Current Assets
Cash Cash flows from operating activ
Debtors Receipts from income
Stock Payments of expenses
Total CA Funding to debtors
Non-Current Assets Stocks up or down
MacBook Pro Funding from creditors
Office furniture #VALUE! Net cash from operating activ
Total NCA
TOTAL ASSETS Cash flows from investing ac
Payments for office, studios
Current Liabilities and other hired equipment
Short term loan Net cash from investing activ
Creditors
VISA Cash flows from financing ac
Total CL Increase in short term debt
Non Current Liabilities Increase in long term debt
Long term loan Investment from Owner's Equity
Total NCL Net cash from financing activ
TOTAL LIABILITIES
NET ASSETS Net increase in cash
Cash balance as at the start o
Shareholder's Equity
Owner's funds Cash balance at the end of th
Current Year Profit
TOTAL SHAREHOLDER'S EQUITY
ear 2 (1st April 2022 - 31st March 2023) Year 3 (1st April 2023 - 31st March 2024)
w Statement, Year 1 Profit and

& Associates

s as part of agreement plus

SAMPLE CINEMA

TATEMENT OF CASH FLOWS/INCOME STATEMENT PERIOD YR 1 PROFIT + LOSS STATEMENT FOR PERIO

ash flows from operating activiities Income

eceipts from income Sales
ayments of expenses Investment funding
nding to debtors Owner's equity
ocks up or down Total Sales
nding from creditors
et cash from operating activities Cost of Goods Sold
Opening stock
ash flows from investing activities Stock purchases
ayments for office, studios Less Closing Stock
d other hired equipment Total Cost of Goods Sold
et cash from investing activities (COGS)

ash flows from financing actitivities Gross Profit

crease in short term debt
crease in long term debt Expenses Total
vestment from Owner's Equity
et cash from financing activities Net Profit Before Tax

et increase in cash
ash balance as at the start of the year

ash balance at the end of the year

 il 2023 - 31st March 2024)

AMPLE CINEMA

SS STATEMENT FOR PERIOD ENDING YEAR 1

vestment funding
wner's equity

pening stock
ock purchases
ss Closing Stock
otal Cost of Goods Sold
P + L Year 1
Year 1

Month Apr 21 May 21 Jun 21 Jul 21

Income
Sales
Course Licence Fee 2083 2083 2083 2083
Recruitmrnt Fee 17500 17500 17500 17500
Course Fee 12500 12500 12500 12500
Total Sales 32083 32083 32083 32083
Less discounts/commissions
Sales Discounts given
Sales Commissions paid
Total Discounts/Commissions
Total Net Income
Cost of Sales
Course Contents Creators' Fee 5000 5000 5000 5000

Less Closing Stock ^

Total Cost of Sales 5000 5000 5000 5000
Gross Profit $ 27,083 $ 27,083 $ 27,083 $ 27,083
Expenses*
General + Administrative
Office supplies incl. stationary
Business insurance
Bank charges
Rent ~
Licence Fees
Consultant Fees
Electricity/ telephone (internet)
Equipment hire
Costumes/ art direction
Wages & Salaries inc Super 13333 13333 13333 13333
Total General + Administrative 13333 13333 13333 13333
Marketing + Promotional
Advertisiting 4167 4167 4167 4167
Brand Expert Fee-Promotion 3333 3333 3333 3333
Promotion - Other
Social Media
Etc
Total Marketing + Promotional 7500 7500 7500 7500
Operating Expenses
Office maintenance/ cleaning
Security including data
Travel/ accommodation 2000 2000
Meals/ entertainment
Trade and union fees SPA, etc
Office equipment hire
Film equipment hire
Production design costs
Camera/lighting hire costs
Cast/ crew meals
Motor vehicles hire
Total Operating Expenses 20833 22833 20833 22833
Total Expenses
Total Net Profit Before Tax $ 6,250 $ 4,250 $ 6,250 $ 4,250
Cumulative NPBT

Total profit for six months $ 31,500

Amount Paid to iCollege 15750
Retained Earnings $ 15,750
 $
@
Aug 21 Sep 21 Oct 21 Nov 21 Dec 21 Jan 22

2083 2083 2083 2083 2083 2083

17500 17500 17500 17500 17500 17500
12500 12500 12500 12500 12500 12500
32083 32083 32083 32083 32083 32083

5000 5000 5000 5000 5000 5000

5000 5000 5000 5000 5000 5000

$ 27,083 $ 27,083 $ 27,083 $ 27,083 $ 27,083 $ 27,083

13333 13333 13333 13333 13333 13333

13333 13333 13333 13333 13333 13333

4167 4167 4167 4167 4167 4167

3333 3333 3333 3333 3333 3333

7500 7500 7500 7500 7500 7500

 2000

20833 22833 20833 20833 20833 20833

$ 6,250 $ 4,250 $ 6,250 $ 6,250 $ 6,250 $ 6,250

 NOTES
Feb 22 Mar 22 Development funding

Income from freelance producing

2083 2083 24996
17500 17500 210000 Minimal due to no activity yet
12500 12500 150000
32083 32083 384996
* Early costs only stationary/computer during development

* @ Casrt and crew search begins

*$ Assuming Development funding from Screen NSW, Screen Australia,

as well as distribution guarantees and other sources (including 3 Fs)
5000 5000 start coming in so that pre-production - hiring crew and cast, location
scouting, designing and building and creating sets and costumes, doing ca

^ No stock until completed film.

5000 5000
$ 27,083 $ 27,083 ~ Rent is residential, ie. work from home, during development stage.

13333 13333
13333 13333

4167 4167
3333 3333

7500 7500
 20833 20833

$ 6,250 $ 6,250
W, Screen Australia,
(including 3 Fs)
nd cast, location
nd costumes, doing camera and lighting tests can begin.

elopment stage.
Profit + Loss Statement
Year 2

Month Apr 22 May 22 Jun 22

Income FROM P+L Year 1 M60
Sales
Box office receipts
Ancillary
Development Funding
Production/Post-production funding
Income from freelance producing
Total Sales
Less discounts/commissions
Sales Discounts given
Sales Commissions paid
Total Discounts/Commissions
Total Net Income
Cost of Sales
Opening Stock
Stock Purchased
Production/postproduction costs 10000 25000 25000
Less Closing Stock
Total Cost of Sales 10000 25000 25000
Gross Profit $ (10,000) $ (25,000) $ (25,000)
Expenses
General + Administrative
Office supplies incl. stationary 2000 2000 2000
Business insurance
Bank charges
Rent 4000 4000 4000
Licence Fees
Consultant Fees
Electricity/ telephone (internet) 500 500 500
Equipment hire

Wages/ contractors 2000 2000 2000

Total General + Administrative 8500 8500 8500
Marketing + Promotional
Advertisiting
Promotion - General
Promotion - Other - EPK*
Social Media 500 500 500
Etc
Total Marketing + Promotional 500 500 500
Operating Expenses
Office maintenance/ cleaning
Security including data
Trade fair travel/ accommodation
Post production costs
Trade and union fees SPA, etc
Office equipment hire
Film equipment hire
Production design costs 15000 25000
Camera/lighting hire costs
Cast/ crew meals
Motor vehicles
Total Operating Expenses 0 15000 25000
Total Expenses 9000 24000 34000
Net Profit Before Tax $ (19,000) $ (49,000) $ (59,000)
Cumulative NPBT $ (19,000) $ (68,000)
 Jul 22 Aug 22 Sep 22 Oct 22 Nov 22 Dec 22 Jan 23

50000 50000 50000 50000 25000 10000 10000

50000 50000 50000 50000 25000 10000 10000

$ (50,000) $ (50,000) $ (50,000) $ (50,000) $ (25,000) $ (10,000) $ (10,000)

2000 2000 2000 2000 2000 2000 2000

4000 4000 4000 4000 4000 4000 4000

500 500 500 500 500 500 500

50000 50000 50000 1000 40000 40000 40000

56500 56500 56500 7500 46500 46500 46500

1000 1000 1000

1000 2000 2000 2000 2000
500 500 500 500 500 500 500

1500 2500 2500 2500 3500 1500 1500

 40000 40000 40000 2000
20000 20000 5000
5000 5000 5000
8000 8000 8000 2000
10000 10000 10000
83000 83000 68000 4000 0 0 0
141000 142000 127000 14000 50000 48000 48000
$ (191,000) $ (192,000) $ (177,000) $ (64,000) $ (75,000) $ (58,000) $ (58,000)
 Feb 23 Mar 23
Development funding

Production/Post-Production funding

Income from freelance producing

Minimal cost due to no acticity

Principal photography

Post production and Digital Cinema Package

(DCP) production and release.

Pick-ups or re-shoots

10000 10000

10000 10000
$ (10,000) $ (10,000)

2000 2000

4000 4000

500 500

40000 40000
46500 46500

1000 1000
* EPK - Electronic Press Kit: stills, interviews for press
500 500

1500 1500
 0 0
48000 48000
$ (58,000) $ (58,000)
nema Package
Profit + Loss Statement
Year 2
Possible Worldwide Premiere at Cannes (Ma
Month Apr 22 May 22 Jun 22
Income
Sales
Box office receipts
Ancillary ^ includes soundtrack sales etc
Production/post-production funding
Development funding for FILM 2
Income from freelance producing
Total Sales
Less discounts/commissions
Sales Discounts given
Sales Commissions paid
Total Discounts/Commissions
Total Net Income
Cost of Sales
Opening Stock
Stock Purchased

Less Closing Stock

Total Cost of Sales 0 0 0
Gross Profit $ - $ - $ -
Expenses
General + Administrative
Office supplies incl. stationary 2000 2000 2000
Business insurance
Bank charges
Rent 4000 4000 4000
Licence Fees
Consultant Fees
Electricity/ telephone (internet) 1000
Equipment hire 10000 10000 25000
Score production, final sound mix 25000
Wages/ contractors 25000 25000 25000
Total General + Administrative 42000 41000 81000
Marketing + Promotional
Advertisiting
Promotion - General 25000 25000 25000
Promotion - Other
Social Media 500 500 500
Etc
Total Marketing + Promotional 25500 25500 25500
Operating Expenses
Office maintenance/ cleaning
Security including data
Trade fair travel/ accommodation
Meals/ entertainment
Trade and union fees SPA, etc
Office equipment hire
Film equipment hire
Production design costs
Camera/lighting hire costs
Cast/ crew meals 400 4000 4000
Motor vehicles
Total Operating Expenses 400 4000 4000
Total Expenses 67900 70500 110500
Net Profit Before Tax $ (67,900) $ (70,500) $ (110,500)
Cumulative NPBT $ (67,900) $ (138,400) $ (248,900)
dwide Premiere at Cannes (May), Sydney (June), Venice or Toronto (September) Film Festivals
Jul 22 Aug 22 Sep 22 Oct 22 Nov 22 Dec 22 Jan 23

0 0 0 0 0 0 0
$ - $ - $ - $ - $ - $ - $ -

2000 2000 2000 2000 2000 2000 2000

2000 2000 2000 2000 2000 2000 2000

1000 1000 1000

5000 4000 4000 5000 4000 4000 5000

25000 20000 20000 5000

500 500 500 500 500 500 100

25500 20500 20500 5500 500 500 100

 0 0 0 0 0 0 0
30500 24500 24500 10500 4500 4500 5100
$ (30,500) $ (24,500) $ (24,500) $ (10,500) $ (4,500) $ (4,500) $ (5,100)
$ (279,400) $ (303,900) $ (328,400) $ (338,900) $ (343,400) $ (347,900) $ (353,000)
m Festivals
Feb 23 Mar 23
Production/ post-production funding

Box office and other sales

^ Ancillary income including merchandising

Development funding for FILM 2 The Diamond Key

Income from freelance producing

Post production and production of DVP

Digital Video Package - shown in cienmas

0 0
$ - $ - REFERENCES

2000 2000

2000 2000

4000 4000

100 100

100 100
 0 0
4100 4100
$ (4,100) $ (4,100)
$ (357,100) $ (361,200)
erchandising

2 The Diamond Key

in cienmas
Pelicula Cinema Balance Sheet

As at end of Year 1
Current Assets
Cash
Debtors
Stock
Total Current Assets
Non-Current Assets
Computer equipment
Office furniture
Other office stuff
Total Non-Current Assets
Total Assets
Current Liabilities
Rent
Electricity
Visa
Creditors
Total Current Liabilities
Non-Current Liabilities

Total Non-Current Liabilities

Net Assets
Shareholders' Equity
Owners' Funds
Current Year Profit
Total Shareholders' Equity
Pelicula Cinema Balance Sheet

As at end of Year 2
Current Assets
Cash
Debtors
Stock
Total Current Assets
Non-Current Assets
Computer equipment
Office furniture
Other office stuff
Total Non-Current Assets
Total Assets
Current Liabilities
Rent
Electricity
Visa
Creditors
Total Current Liabilities
Non-Current Liabilities

Total Non-Current Liabilities

Net Assets
Shareholders' Equity
Owners' Funds
Current Year Profit
Total Shareholders' Equity
Pelicula Cinema Balance Sheet

As at end of Year 3
Current Assets
Cash
Debtors
Stock
Total Current Assets
Non-Current Assets
Computer equipment
Office furniture
Other office stuff
Total Non-Current Assets
Total Assets
Current Liabilities
Rent
Electricity
Visa
Creditors
Total Current Liabilities
Non-Current Liabilities

Total Non-Current Liabilities

Net Assets
Shareholders' Equity
Owners' Funds
Current Year Profit
Total Shareholders' Equity
Balance Sheet
Instructions
The Balance Sheet shows the financial position of the business as at a point in time
Prepare a balance sheet for the start of the business, six months later and then at the end of the first year.
Draw the information from the Profit & Loss Statement and the Cash Flow Statement.
A Balance Sheet brings together the results from the Profit & Loss Statement and the Cash Flow Statement.
(Download from the Business Victoria website at http://www.business.vic.gov.au.)
Fill in the figures below, expanding or reducing the assets, liabilities and shareholders equity areas.
Month
Assets
Current Assets
Cash on hand
Cash at Bank
Debtors
Short term Investments
Other current assets
Total Current Assets
Fixed Assets
Computer
Total Fixed Assets
Total Assets
Liabilities
Current Liabilities
Bank Overdraft
Credit Card Debt
Creditors
GST collected
Superannuation
PAYG Witholding Payable
Workcover Insurance Payable
Current portion of long term debt
Etc.
Total Current Liabilities
Long Term Liabilities
Motor Vehicle Loan
Equipment Finance
Long term Loans
Total Long Term Liabilities
Total Liabilities
Net Assets
Grants
Shareholders Funds ( Equity)
 Owners Funds
Retained Earnings
Current Year Profit
Total Shareholders Funds (Equity)
Total shareholders Funds (Equity) and Liabilities
Balance Sheet Ratios

Current Ratio (Current Assets / Current Liabilities)

Quick Ratio
Working ( Current
Capital FundsAssets less inventory) / (Current Liabilities less bank overdraft)
(Current Assets Less Current Liabilities)
Leverage RatioRatio
Debt to Equity (Total Liabilities / Total Assets)
(Total Liabilities / Total Shareholders Funds)
e end of the first year.

e Cash Flow Statement.

eholders equity areas.

Start of Business Six Months Dec 99

$75,000.00 $75,000.00 $0.00

$300,000.00 $501,750.00
$0.00 $0.00 $0.00
$ - $ - $ -
$ - $ - $ -
$375,000.00 $576,750.00 #REF!

$6,000.00 $6,000.00 $0.00

$6,000.00 $6,000.00 #REF!
$ 381,000.00 $ 582,750.00 #REF!

$ - $ - $ -
$ - $ - $ -
$ - $ - $ -
$ - $ - $ -
$ - $ - $ -
$ - $ - $ -
$ - $ - $ -
$ - $ - $ -
$ - $ - $ -
$ - $ -

$ - $ - $ -
$ - $ - $ -
$ - $ - $ -
$ - $ - $ -
$ - $ - $ -
$ 582,750.00 #REF!
$ 81,000.00 $ 81,000.00
 $ 300,000.00 $ 300,000.00 $ -
$ - $ 15,750.00 $ -
$ - $ 31,500.00 $ -
$ 300,000.00 $ 347,250.00 $ -
$ 381,000.00 $ 428,250.00

#DIV/0! #DIV/0! #REF!

#REF! #REF! #REF!
375,000 576,750 #REF!
0 0 #REF!
0 0 #DIV/0!
Note: All the office facilities and other infrastructure will be provided by iCollege so it is believed that business woul
Monthly Cash Flow Projection
Enter Company Name Here
Enter Date Here
Pre-Startup Month 1 Month 2 Month 3
1. CASH ON HAND
[Beginning of month]
75,000 464,125 471,250
2. CASH RECEIPTS
(a) Cash Sales 32,083 32,083 32,083
(b) Collections from Credit Accounts -
Grants 81,000
(c) Capital or Other Cash Injection 300,000
3. TOTAL CASH RECEIPTS
[2a + 2b + 2c=3] - 413,083 32,083 32,083
4. TOTAL CASH AVAILABLE
[Before cash out] (1 + 3) - 488,083 496,208 503,333
5. CASH PAID OUT
(a) Purchases (Merchandise) -
(b) Gross Wages (excludes withdrawals) 13,333 13,333 13,333
(c) Payroll Expenses (Taxes, etc.) -
(d) Brand Expert Services 3,333 3,333 3,333
(e) Supplies (Office and operating) -
(f) Repairs and Maintenance
(g) Advertising 4,167 4,167 4,167
(h) Auto, Delivery, and Travel - 2,000 -
(i) Accounting and Legal
(j) Rent
(k) Telephone
(l) Utilities
(m) Insurance
(n) Taxes (Real Estate, etc.)
(o) Interest
(p) Other Expenses [Specify each]

(q) Miscellaneous [Unspecified]

(r) Subtotal - 20,833 22,833 20,833
(s) Loan Principal Payment
(t) Capital Purchases [Specify]
(u) Other Start-up Costs
(v) Reserve and/or Escrow [Specify]
 (w) Amount paid to investors 3,125 2,125 3,125
6. TOTAL CASH PAID OUT
[Total 5a thru 5w] - 23,958 24,958 23,958
7. CASH POSITION
[End of month] (4 minus 6) - 464,125 471,250 479,375
ESSENTIAL OPERATING DATA
[Non-cash flow information]
A. Sales Volume [Dollars]
B. Accounts Receivable [End of Month]
C. Bad Debt [End of Month]
D. Inventory on Hand [End of Month]
E. Accounts Payable [End of Month]
F. Depreciation

CHECKING (calculation verification)

[See Guidelines worksheet for details]
CHECK #1 Verified
CHECK #2 Error
CHECK #3 Verified
CHECK #4 Error
it is believed that business would not need to spend a lot on these areas

Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10

479,375 486,500 494,625 501,750 509,875 518,000 526,125

32,083 32,083 32,083 32,083 32,083 32,083 32,083

32,083 32,083 32,083 32,083 32,083 32,083 32,083

511,458 518,583 526,708 533,833 541,958 550,083 558,208

13,333 13,333 13,333 13,333 13,333 13,333 13,333

3,333 3,333 3,333 3,333 3,333 3,333 3,333

4,167 4,167 4,167 4,167 4,167 4,167 4,167

2,000 - 2,000 - - - -

22,833 20,833 22,833 20,833 20,833 20,833 20,833

 2,125 3,125 2,125 3,125 3,125 3,125 3,125

24,958 23,958 24,958 23,958 23,958 23,958 23,958

486,500 494,625 501,750 509,875 518,000 526,125 534,250

Month 11 Month 12 TOTAL

534,250 542,375

32,083 32,083 384,996

-

300,000

32,083 32,083 765,996

566,333 574,458

-
13,333 13,333 159,996
-
3,333 3,333 39,996
-
-
4,167 4,167 50,004
- - 6,000
-
-
-
-
-
-
-
-

-
-
20,833 20,833 255,996
-
-
-
-
 3,125 3,125 34,500

23,958 23,958 290,496

542,375 550,500