Financial study

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Firstly: Establishment expenses: 1
Type Costs Remarks Total

Servers+ Cameras+ Routers 057,55 Based on quotation with fixation 057,55

Computer Lap 96,000 25 paces Apple 96,000
Laptops Teachers 057555 20 paces for teachers 057555
Computers for offices 007,55 15 paces for offices 007,55
Projectors 5,000 5 projectors 5,000
Big copy machines 15,000 3 for finance, reception and offices 15,000
Finishing the current building 650,000 Painting+ Air cons+ maintenance+ cleaning.. 650,000
Preparing playgrounds 80,000 basketball+ tennis 80,000
Preparing the outer children
playground
21,000 playground 21,000
Furniture, labs, music and art hall 350,000 20 classes room, laps, arts room 350,000

Gardening 9,500 - 9,500

Offices and classrooms
decorations and posters
35,000 Posters and locations 35,000
Water machine 5,550 3 machines 5,550
Classrooms IT boards 700,000 25 touch boards 700,000
Carpet - To be provided

TOTAL 2,086,150

Secondly: Establishment expenses: 2

Type Costs Remarks Total
registration- Education Ministry- Local
Licenses 45,000 45,000
Authority- residence permit for investors
Stationery 22,000 Stationery 22,500

System and Application 200,000 - 200,000

adds, websites, e-mails and printings,
Marketing campaign, 170,000 events, street boards, TVs, school profile, 170,000
folders etc…

Open day for parents and VIP 32,000 Renting chairs and food for 150 persons 32,000

Half office hours starting from jan until Aug

Principal salary 36,000 / 4,500 36,000
2019
Half office hours of 1500 salary staring from
4 Employees salaries 24,000 / 3,000 24,000
jan until Aug 2019
Security guard salary 7,200 / 900 Full-time starting from jan until Aug 2019 7,200

8 months, free 2 months rental 420,000 Starting from Jan until Aug 2019 420,000

Electricity, Internet and water bills 5,450 Starting from Jan until Aug 2019 49,050

TOTAL 1,005,750
2,086,150 Invested Amount in Assets
Invested Amount in
1,005,750
Establishment
3,091,900 Total Amount

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Operating costs for the first academic year:

Firstly direct operating costs – Changeable: 3

Monthly cost
Type from Sep 2019 Remarks TOTAL
until Aug 2020
Academic curriculum for 150
542 Books 81,300
students
Uniform for 150 students 92 150 students 13,800

Sport uniform for 150 students 92 150 students 13,800

Teachers and students insurance in 150 students, 40 employees and
100 18,800
a year teachers
Tablets for students 1,645 150 students based on the quotation 246,750
Watches for locating the students 300 150 students based on the quotation 45,000
Renting buses 10,000 For 120 students 90,000
Maintenance+ stationery+ classrooms
Other direct expenses 13,636 76,417
decoration+ etc.
TOTAL 585,867

Secondly Indirect Costs: 4

Monthly cost
Type from Sep 2019 Remarks Annual cost
until Aug 2020

Electricity, Internet and Water 18,333 Starting from Sep 2019 until Aug 2020 180,000

Rental 70,000 Starting from Sep 2019 until Aug 2020 840,000

12% social benefits for employees 9 months 173,556

TOTAL 1,193,556

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Thirdly: Employment Costs during the year:

Positions Numbers Monthly Salary Yearly Salary

Principal 1 18,000 162,000

Executive Manager 1 12,000 108,000
Development Director 1 8,000 72,000
Accounting Dir 1 8,000 72,000
Deputy Principal 1 6,000 54,000
KG Supervisor 1 3,000 27,000
Primary Supervisor 1 3,000 27,000
Secondary Supervisor 1 3,000 27,000
Social Affairs 1 3,000 27,000
Nurse 1 3,000 27,000
Official Library 1 3,000 27,000
Music Teacher 1 3,000 27,000
Art Teacher 1 3,000 27,000
Sport Teacher 1 3,000 27,000
Teachers Forg 5 7,200 324,000
Teachers Local 9 2,500 202,500
Acc Coordinator 1 2,500 22,500
Management Sec 1 2,500 22,500
Public Coor 1 2,500 22,500
Marketing Coor 1 2,500 22,500
Student Affairs 1 2,500 22,500
HR Coordinator 1 2,500 22,500
Secretary 2 2,500 45,000
Security 2 1,800 32,400
Cleaners 2 1,800 32,400
TOTAL 40 1,446,300

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 Estimating the required operating costs from 1 Sep /2019 to 30 Aug 2020: 6

Costs Type Value Remarks

Direct cost for 12 months 585,867 From table no 3

Indirect cost for 12 months 1,193,556 From table no 4

Salaries for 12 months 1,446,300 From table no 5

TOTAL 3,225,723

Total investment estimation: 7

Costs Type Value Remarks

Fixed Assets 2,086,150 From table no 1

Establishment costs 1,005,750 From table no 2

From table no 6
Capital (Operation costs) 3,225,723

TOTAL 6,317,623

Fixed assets depreciation and establishment expenses in first year: 8

Asset type Value Rate Depreciation Remark

Establishment expenses 2,086,150 15% 312,922 From table no 1

Establishment expenses 1,005,750 15% 150,862 From table no 2

TOTAL 3,091,900 463,784

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 Direct costs estimation for five academic years:
2019-2020 2020-2021 2021-2022 2022-2023 2023-2024
Cost type Unit cost 150 220 300 400 500
students students students students students
Curriculum 542 81,300 108,400 162,600 162,600 189,700

Uniform for 92 13,800 18,400 27,600 27,600 32,200

Sport uniform for 92 13,800 18,400 27,600 27,600 32,200

Students and teachers

100 18,800 25,000 35,000 45,300 55,800
insurance a year

Students’ tablets 1645 246,750 329,000 493,500 658,000 658,000

Watches for locating

300 45,000 60,000 75,000 90,000 105,000
students

Buses rental 90,000 180,000 180,000 225,000 225,000

Honored students
21 360,000 360,000 360,000 360,000
scholarships

Other direct expenses 76,417 104,010 131,587 159,195 179,977

TOTAL 585,867 1,203,210 1,492,887 1,755,295 1,837,877

Required employment costs estimation for five academic years

Numbers of Employs
Cost type 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024
40 EMP 45 EMP 50 EMP 53 EMP 58 EMP
The management 432,000 432,000 432,000 432,000 432,000

Academic staff 805,500 873,000 940,500 985,500 1,053,000

Administration staff 144,000 180,000 216,000 234,000 270,000

Other employment 64,800 86,400 86,400 86,400 86,400

TOTAL 1,446,300 1,571,400 1,674,900 1,737,900 1,841,400

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 Fixed costs estimation for five academic years:

Year
Cost type
2019-2020 2020-2021 2021-2022 2022-2023 2023-2024
Electricity and water 15,000 180,000 180,000 180,000 180,000 180,000
Marketing campaign,
advertising and 290,000 340,000 390,000 440,000
printings
Building rental 70,000 840,000 960,000 960,000 960,000 960,000
maintenance 1,700 20,400 20,400 20,400 20,400
Staff training 5,000 45,000 20,000 15,000 15,000
Stationary 1,000 12,000 12,000 12,000 12,000
Company secretary 250 3,000 3,000 3,000 3,000
Licenses renewal 12,000 12,000 12,000 12,000
Graduation 45,000 45,000 45,000 45,000
Discounts and prizes 150,000 150,000 150,000 150,000
Establishment share of
social insurance is 173,556 188,568 200,988 208,548 220,968
12%
TOTAL 1,193,556 1,905,968 1,943,388 1,995,948 2,058,368

Income estimation for five academic years:

Numbers of the students by year

Average
Type 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024
fees
150 220 300 400 500

Estimated income 26,500 3,975,000 5,830,000 7,950,000 10,600,000 13,250,000

Other income

TOTAL 3,975,000 5,830,000 7,950,000 10,600,000 13,250,000

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 Return estimation for five academic years:
Year
‫البيان‬ 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024
150 220 300 400 500

Estimated income 3,975,000 5,830,000 7,950,000 10,600,000 13,250,000

Other incomes

Total income in a year 3,975,000 5,830,000 7,950,000 10,600,000 13,250,000

deduct

Estimated direct cost 585,867 1,203,210 1,492,887 1,755,295 1,837,877

Employment direct costs 805,500 873,000 940,500 985,500 1,053,000

Total direct costs 1,391,367 2,076,210 2,433,387 2,740,795 2,890,877

Total activity profit 2,583,633 3,753,790 5,516,613 7,859,205 10,359,123

deduct

Administrative
640,800 698,400 734,400 752,400 788,400
employment costs

Fixed costs 1,193,556 1,905,968 1,943,388 1,995,948 2,058,368

Assets depreciation and

15% 463,784 463,784 463,784 463,784 463,784
establishment expense

Total Indirect costs 2,298,140 3,068,152 3,141,572 3,212,132 3,310,552

Net profit before tax 285,493 685,638 2,375,041 4,647,073 7,048,571

Profit tax 24% 68,518 164,553 570,009 1,115,297 1,691,657

Net profit after tax 216,974 521,084 1,805,031 3,531,775 5,356,913

To be added to the Capital 10% 21,697 52,108 180,503 353,177 535,691

General net profit 195,277 468,976 1,624,528 3,178,598 4,821,222

- The required investment amount for establishment and the required assets from 1Aug 2018 to 30 Aug 2019
3,091,900 RM

- The required investment amount for operation amount from 1Sep 2019 to 30Aug 2020
3,225,723 RM

- The general requirement for investment : 6,317,623 RM

(In addition 210.000 RM. deposit for the building to be refunded for the investors)

The first year income 3,975,000 RM. To be refunded for the investors.
In addition to the deposit amount that each student will pay the school 450.000 RM.

Total net profit over 5 years after cut the Tax: 10,288,601 RM
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