Management Report

BigBang
For the period ended 31 December 2021

Prepared on
18 October 2021

For management use only

Table of Contents

Profit and Loss .................................................................................................................................................3

Balance Sheet ..................................................................................................................................................4

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Profit and Loss
January - December 2021
Total
INCOME
Service Sales 10,000,000.00
Total Income 10,000,000.00
GROSS PROFIT 10,000,000.00
EXPENSES
Advance Salaries 580,000.00
Bonuses 25,000.00
INTERNET SERVICE 80,000.00
Management compensation 142,000.00
Meals and entertainment 142,000.00
Motivations 16,500.00
Office expenses 959,000.00
Operating Cost 120,000.00
Other Types of Expenses-Advertising Expenses 20,000.00
Payroll Expenses 940,000.00
Rent or lease payments 100,000.00
Repairs and Maintenance 50,000.00
Utilities 7,500.00
Total Expenses 3,182,000.00
OTHER EXPENSES
Office supplies 18,500.00
Online subscription 344,000.00
Short-term debt 300,000.00
Sponsorship 50,000.00
Telecommunication 30,000.00
Training Fee 100,000.00
Transportation 55,000.00
Total Other Expenses 897,500.00
NET EARNINGS XAF5,920,500.00

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Balance Sheet
As of December 31, 2021
Total
ASSETS
Current Assets
Petty Cash 3,789,500.00
Total Current Assets 3,789,500.00
Long-term assets
Machinery and Equipment 1,315,000.00
Office furniture 548,000.00
Total long-term assets 1,863,000.00
Total Assets XAF5,652,500.00
LIABILITIES AND SHAREHOLDER'S EQUITY
Shareholders' equity:
Net Income 5,920,500.00
Owner's equity -268,000.00
Retained Earnings
Total shareholders' equity 5,652,500.00
Total liabilities and equity 5,652,500.00

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