BENTU HARVEST: 5 YEAR INCOME PROJECTION

Income Category Year 1 Year 2 Year 3

Garlic Sales 2,176,000.00 2,393,600.00 2,632,960.00
Total Income 2,176,000.00 2,393,600.00 2,632,960.00

217,600.00 239,360.00
10.0000% 10.0000%

2,393,600.00 2,632,960.00
ME PROJECTION

Year 4 Year 5
2,896,256.00 3,185,228.00
2,896,256.00 3,185,228.00

263,296.00
10.0000%

2,896,256.00 3,185,881.60
 BENTU HARVEST: 5 YEAR EXPENSE PROJECTION

Expense Category Year 1 Year 2

Salaries 236,400.00 260,040.00

Casual Wages 40,000.00 44,000.00
Techincal Assistance 40,000.00 44,000.00
Farm Rental 90,000.00 99,000.00
Utilities & Office Supplies 36,000.00 39,600.00
Cleaning Materials 3,600.00 3,960.00
Fuel 60,000.00 66,000.00
Fertilizers, Herbicides & Pesticides 67,600.00 74,360.00
Land Grading & Levelling 18,000.00 -
Packaging & Marketing 20,000.00 22,000.00
Sacks 4,000.00 4,400.00
Compost (80 Tonnes) 72,000.00 -
Garlic Seeds 600,000.00 -
Transport 26,880.00 29,568.00
Clothing & PPE 9,520.00 10,472.00
Insurance 37,000.00 40,700.00
Contingency Amount - -
Total Expenses 1,361,000.00 738,100.00

1,024,661.48

336,338.52
OJECTION

Year 3 Year 4 Year 5

286,044.00 314,648.40 346,113.24

48,400.00 53,240.00 58,564.00
48,400.00 53,240.00 58,564.00
108,900.00 119,790.00 131,769.00
43,560.00 47,916.00 52,707.60
4,356.00 4,791.60 5,270.76
72,600.00 79,860.00 87,846.00
81,796.00 89,975.60 98,973.16
- - -
24,200.00 26,620.00 29,282.00
4,840.00 5,324.00 5,856.40
- - -
- - -
32,524.80 35,777.28 39,355.01
11,519.20 12,671.12 13,938.23
44,770.00 49,247.00 54,171.70
- - -
811,910.00 893,101.00 982,411.10
 BENTU HARVEST: 5 YEAR CASH FLOW PROJECTION

Year 1 2 3
Cash Inflow
Sales 2,176,000.00 2,393,600.00 2,632,960.00
Loan 1,922,000.00
Total Cash Inflow 4,098,000.00 2,393,600.00 2,632,960.00
Cash Outflow
Operating Expenses 1,084,600.00 434,060.00 477,466.00
Salaries & Wages 276,400.00 304,040.00 334,444.00
Loan repayment 178,964.74 178,964.74 178,964.74
Total Cash Outflow 1,539,964.74 917,064.74 990,874.74
Net Cash Flow 2,558,035.26 1,476,535.26 1,642,085.26

Cumulative Cash Flow 2,558,035.26 4,034,570.52 5,676,655.78

OW PROJECTION

4 5

2,896,256.00 3,185,228.00

2,896,256.00 3,185,228.00

525,212.60 577,733.86
367,888.40 404,677.24
178,964.74 178,964.74
1,072,065.74 1,161,375.84
1,824,190.26 2,023,852.16

7,500,846.04 9,524,698.20
 BENTU HARVEST: 5 YEAR STATEMENT OF COMPREHENSIVE INCOME

Year 1 Year 2 Year 3

INCOME 2,176,000.00 2,393,600.00 2,632,960.00
GROSS PROFIT 2,176,000.00 2,393,600.00 2,632,960.00

OPERATING EXPENSES:

Salaries 236,400.00 260,040.00 286,044.00

Casual Wages 40,000.00 44,000.00 48,400.00

Techincal Assistance 40,000.00 44,000.00 48,400.00

Farm Rental 90,000.00 99,000.00 108,900.00

Utilities & Office Supplies 36,000.00 39,600.00 43,560.00

Cleaning Materials 3,600.00 3,960.00 4,356.00

Fuel 60,000.00 66,000.00 72,600.00

Fertilizers, Herbicides & Pesticides 67,600.00 74,360.00 81,796.00

Land Grading & Levelling 18,000.00 0.00 0.00

Packaging & Marketing 20,000.00 22,000.00 24,200.00

Sacks 4,000.00 4,400.00 4,840.00

Compost (80 Tonnes) 72,000.00 0.00 0.00

Garlic Seeds 600,000.00 0.00 0.00

Transport 26,880.00 29,568.00 32,524.80

Clothing & PPE 9,520.00 10,472.00 11,519.20

Insurance 37,000.00 40,700.00 44,770.00

Contingency Amount 0.00 0.00 0.00

Bad Debts 5% 108,800.00 119,680.00 131,648.00
Depreciation 112,200.00 112,200.00 112,200.00
TOTAL OPERATING EXPENSES 1,582,000.00 969,980.00 1,055,758.00

OPERATING INCOME 594,000.00 1,423,620.00 1,577,202.00

Loan Payment 178,964.74 178,964.74 178,964.74
Net Income Before Taxes 415,035.26 1,244,655.26 1,398,237.26
Estimated Taxes 62,255.29 186,698.29 209,735.59
NET INCOME 352,779.97 1,057,956.97 1,188,501.67

352,779.97 1,410,736.94 2,599,238.62

573,779.97
573,779.97
HENSIVE INCOME

Year 4 Year 5
2,896,256.00 3,185,228.00
2,896,256.00 3,185,228.00

314,648.40 346,113.24
53,240.00 58,564.00
53,240.00 58,564.00
119,790.00 131,769.00
47,916.00 52,707.60
4,791.60 5,270.76
79,860.00 87,846.00
89,975.60 98,973.16
0.00 0.00
26,620.00 29,282.00
5,324.00 5,856.40
0.00 0.00
0.00 0.00
35,777.28 39,355.01
12,671.12 13,938.23
49,247.00 54,171.70
0.00 0.00
144,812.80 159,294.08
112,200.00 112,200.00
1,150,113.80 1,253,905.18

1,746,142.20 1,931,322.82
 178,964.74 178,964.74
1,567,177.46 1,752,358.08
235,076.62 262,853.71
1,332,100.84 1,489,504.37

3,931,339.46 5,420,843.83
 BENTU HARVEST: 5 YEAR BALANCE SHEET

Year 1 Year 2 Year 3

Assets:
PPE 448,800.00 336,600.00 224,400.00
Inventories (Harvest) 272,000.00 299,200.00 329,120.00
Inventories (Seeds) 328,000.00 328,000.00 328,000.00

Current Assets:
Cash 1,138,505.23 2,184,826.10 3,354,623.04

Total Assets 2,187,305.23 3,148,626.10 4,236,143.04

Liabilities
Loan 1,829,525.26 1,732,889.16 1,631,904.43
Trade Payables 0.00 0.00 0.00

Equity
Stated Capital 5,000.00 5,000.00 5,000.00
Retained Earnings 352,779.97 1,410,736.94 2,599,238.62
Member Drawings 0.00 0.00 0.00

Total Liabilities & Equity 2,187,305.23 3,148,626.10 4,236,143.05

HEET

Year 4 Year 5

112,200.00 11.22
362,032.00 398,153.50
328,000.00 328,000.00

4,660,482.85 6,115,776.65

5,462,714.85 6,841,941.37

1,526,375.39 1,416,097.54
0.00 0.00

5,000.00 5,000.00
3,931,339.46 5,420,843.83
0.00 0.00

5,462,714.85 6,841,941.37
LOAN AMORTIZATION SCHEDULE
ENTER VALUES
Loan amount $1,922,000.00
Interest 4.5%
Loan period in years 15
Number of payments per year 1
Start date of loan 9/12/2023

Optional extra payments

BEGINNING SCHEDULED
PMT NO PAYMENT DATE EXTRA PAYMENT
BALANCE PAYMENT
1 9/12/2023 Err:508 $178,964.74 Err:508
2 10/12/2023 Err:508 $178,964.74 Err:508
3 11/12/2023 Err:508 $178,964.74 Err:508
4 12/12/2023 Err:508 $178,964.74 Err:508
5 1/12/2024 Err:508 $178,964.74 Err:508
6 2/12/2024 Err:508 $178,964.74 Err:508
7 3/12/2024 Err:508 $178,964.74 Err:508
8 4/12/2024 Err:508 $178,964.74 Err:508
9 5/12/2024 Err:508 $178,964.74 Err:508
10 6/12/2024 Err:508 $178,964.74 Err:508
11 7/12/2024 Err:508 $178,964.74 Err:508
12 8/12/2024 Err:508 $178,964.74 Err:508
13 9/12/2024 Err:508 $178,964.74 Err:508
14 10/12/2024 Err:508 $178,964.74 Err:508
15 11/12/2024 Err:508 $178,964.74 Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
Err:508
LOAN SUMMARY
Scheduled payment $178,964.74
Scheduled number of payments 15
Actual number of payments 15
Total early payments $0.00 Err:508
Total interest Err:508

LENDER NAME Bentu

TOTAL CUMULATIVE
PRINCIPAL INTEREST ENDING BALANCE
PAYMENT INTEREST
Err:508 Err:508 Err:508 Err:508 #NAME?
Err:508 Err:508 Err:508 Err:508 #NAME?
Err:508 Err:508 Err:508 Err:508 #NAME?
Err:508 Err:508 Err:508 Err:508 #NAME?
Err:508 Err:508 Err:508 Err:508 #NAME?
Err:508 Err:508 Err:508 Err:508 #NAME?
Err:508 Err:508 Err:508 Err:508 #NAME?
Err:508 Err:508 Err:508 Err:508 #NAME?
Err:508 Err:508 Err:508 Err:508 #NAME?
Err:508 Err:508 Err:508 Err:508 #NAME?
Err:508 Err:508 Err:508 Err:508 #NAME?
Err:508 Err:508 Err:508 Err:508 #NAME?
Err:508 Err:508 Err:508 Err:508 #NAME?
Err:508 Err:508 Err:508 Err:508 #NAME?
Err:508 Err:508 Err:508 Err:508 #NAME?
 $178,964.74
- 3,471.00

$175,493.74
435
-20
415

647,333.33

7,500.00
-$178,964.74

- 171,464.74

total 450,000.00
less
Err:508 savings 50,000.00
economies 15,000.00
other savin 10,000.00

375,000.00