Gaming firm without subscription services - financial model

Available info
# o games developed by cohorts and Capex by cohorts
Quantity of games sold per year (since its release) and quantiy sold by coho
Price development and Revenues by cohorts
Sale, margin, cost of sales development
Head Office Costs
Capex
Depreciation & Amortization
Profit & Loss
Working Capital
Cash Flow
Debt
Data for the slide
Rules of selected parameters
Parameters
Categories used
Useful for the case links
ease) and quantiy sold by cohorts
# o games developed by cohorts and Capex by cohorts

1 2

# of games produced [game] 1 1

Number of games [game] 1 1

1 [game] 1 1
2 [game] 1
3 [game]
4 [game]
5 [game]
6 [game]
7 [game]
8 [game]
9 [game]
10 [game]
11 [game]
12 [game]

Capex per 1 game by cohorts

1 [M USD / game] 5 1
2 [M USD / game] 5
3 [M USD / game]
4 [M USD / game]
5 [M USD / game]
6 [M USD / game]
7 [M USD / game]
8 [M USD / game]
9 [M USD / game]
10 [M USD / game]
11 [M USD / game]
12 [M USD / game]

Capex for development of games by cohor[M USD] 5 6

1 [M USD] 5 1
2 [M USD] 5
3 [M USD]
4 [M USD]
5 [M USD]
6 [M USD]
7 [M USD]
8 [M USD]
9 [M USD]
10 [M USD]
11 [M USD]
12 [M USD]
 back

3 4 5 6 7 8 9 10 11

1 2 2 2 2 2 2 2 2

3 5 7 9 11 13 15 17 19
1 1 1 1 1 1 1 1 1
1 1 1 1 1 1 1 1 1
1 1 1 1 1 1 1 1 1
2 2 2 2 2 2 2 2
2 2 2 2 2 2 2
2 2 2 2 2 2
2 2 2 2 2
2 2 2 2
2 2 2
2 2
2

1 1 1 1 0 0 0 0 0
1 1 1 1 1 0 0 0 0
5 1 1 1 1 1 0 0 0
5 1 1 1 1 1 0 0
5 1 1 1 1 1 0
5 1 1 1 1 1
5 1 1 1 1
5 1 1 1
5 1 1
5 1
5

7 13 15 17 18 19 20 20 20
1 1 1 1 0 0 0 0 0
1 1 1 1 1 0 0 0 0
5 1 1 1 1 1 0 0 0
10 2 2 2 2 2 0 0
10 2 2 2 2 2 0
10 2 2 2 2 2
10 2 2 2 2
10 2 2 2
10 2 2
10 2
10
12 Total

2 21

21
1
1
1
2
2
2
2
2
2
2
2
2

0
0
0
0
0
0
1
1
1
1
1
5

20
0
0
0
0
0
0
2
2
2
2
2
10
Quantity of games sold per year (since its release) and quantiy sold by cohorts

1 2

# of games sold ['000 piece / game] 800 560

# of games sold in the first year ['000 piece / game] 800 800
Sales in a give year as % of first year sal [%] 70%

Quantity sold per 1 game by cohorts

1 ['000 piece / game] 0 800
2 ['000 piece / game] 0
3 ['000 piece / game]
4 ['000 piece / game]
5 ['000 piece / game]
6 ['000 piece / game]
7 ['000 piece / game]
8 ['000 piece / game]
9 ['000 piece / game]
10 ['000 piece / game]
11 ['000 piece / game]
12 ['000 piece / game]

Number of games [game] 1 1

1 [game] 1 1
2 [game] 1
3 [game]
4 [game]
5 [game]
6 [game]
7 [game]
8 [game]
9 [game]
10 [game]
11 [game]
12 [game]

Quantity sold by cohorts ['000 piece] 0 800

1 ['000 piece] 0 800
2 ['000 piece] 0
3 ['000 piece]
4 ['000 piece]
5 ['000 piece]
6 ['000 piece]
7 ['000 piece]
8 ['000 piece]
9 ['000 piece]
10 ['000 piece]
11 ['000 piece]
12 ['000 piece]
 back

3 4 5 6 7 8 9 10 11

200 200 160 160 80 80 80 80 80

800 800 800 800 800 800 800 800 800
25% 25% 20% 20% 10% 10% 10% 10% 10%

560 200 200 160 160 80 80 80 80

800 560 200 200 160 160 80 80 80
0 800 560 200 200 160 160 80 80
0 800 560 200 200 160 160 80
0 800 560 200 200 160 160
0 800 560 200 200 160
0 800 560 200 200
0 800 560 200
0 800 560
0 800
0

3 5 7 9 11 13 15 17 19
1 1 1 1 1 1 1 1 1
1 1 1 1 1 1 1 1 1
1 1 1 1 1 1 1 1 1
2 2 2 2 2 2 2 2
2 2 2 2 2 2 2
2 2 2 2 2 2
2 2 2 2 2
2 2 2 2
2 2 2
2 2
2

1,360 1,560 2,560 3,280 3,640 3,920 4,160 4,400 4,560

560 200 200 160 160 80 80 80 80
800 560 200 200 160 160 80 80 80
0 800 560 200 200 160 160 80 80
0 1,600 1,120 400 400 320 320 160
0 1,600 1,120 400 400 320 320
0 1,600 1,120 400 400 320
0 1,600 1,120 400 400
0 1,600 1,120 400
0 1,600 1,120
0 1,600
0
 12 Total

80
800 9,600
10%

80
80
80
80
80
160
160
200
200
560
800
0

21
1
1
1
2
2
2
2
2
2
2
2
2

4,720
80
80
80
160
160
320
320
400
400
1,120
1,600
0
Price development and Revenues by cohorts

1 2

Shelf price of 1 piece of game [USD / piece] 40 32

Basic price [USD / piece] 40 40
Discount [%] 100% 80%

Price of 1 piece of game by cohorts

1 ['000 piece / game] 0 40
2 ['000 piece / game] 0
3 ['000 piece / game]
4 ['000 piece / game]
5 ['000 piece / game]
6 ['000 piece / game]
7 ['000 piece / game]
8 ['000 piece / game]
9 ['000 piece / game]
10 ['000 piece / game]
11 ['000 piece / game]
12 ['000 piece / game]

Quantity sold by cohorts ['000 piece] 0 800

1 ['000 piece] 0 800
2 ['000 piece] 0
3 ['000 piece]
4 ['000 piece]
5 ['000 piece]
6 ['000 piece]
7 ['000 piece]
8 ['000 piece]
9 ['000 piece]
10 ['000 piece]
11 ['000 piece]
12 ['000 piece]

Revenues by cohorts [M USD] 0.0 32.0

1 [M USD] 0.0 32.0
2 [M USD] 0.0
3 [M USD]
4 [M USD]
5 [M USD]
6 [M USD]
7 [M USD]
8 [M USD]
9 [M USD]
10 [M USD]
11 [M USD]
12 [M USD]
Average price per 1 piece sold [USD / piece] 0 40
Revenues by cohorts [M USD] 0 32
Quantity sold by cohorts ['000 piece] 0 800
 back

3 4 5 6 7 8 9 10 11

26 22 16 12 10 8 8 8 8
40 40 40 40 40 40 40 40 40
65% 55% 40% 30% 25% 20% 20% 20% 20%

32 26 22 16 12 10 8 8 8
40 32 26 22 16 12 10 8 8
0 40 32 26 22 16 12 10 8
0 40 32 26 22 16 12 10
0 40 32 26 22 16 12
0 40 32 26 22 16
0 40 32 26 22
0 40 32 26
0 40 32
0 40
0

1,360 1,560 2,560 3,280 3,640 3,920 4,160 4,400 4,560

560 200 200 160 160 80 80 80 80
800 560 200 200 160 160 80 80 80
0 800 560 200 200 160 160 80 80
0 1,600 1,120 400 400 320 320 160
0 1,600 1,120 400 400 320 320
0 1,600 1,120 400 400 320
0 1,600 1,120 400 400
0 1,600 1,120 400
0 1,600 1,120
0 1,600
0

49.9 55.1 91.5 112.0 119.1 124.3 127.5 130.1 131.5

17.9 5.2 4.4 2.6 1.9 0.8 0.6 0.6 0.6
32.0 17.9 5.2 4.4 2.6 1.9 0.8 0.6 0.6
0.0 32.0 17.9 5.2 4.4 2.6 1.9 0.8 0.6
0.0 64.0 35.8 10.4 8.8 5.1 3.8 1.6
0.0 64.0 35.8 10.4 8.8 5.1 3.8
0.0 64.0 35.8 10.4 8.8 5.1
0.0 64.0 35.8 10.4 8.8
0.0 64.0 35.8 10.4
0.0 64.0 35.8
0.0 64.0
0.0
 37 35 36 34 33 32 31 30 29
50 55 92 112 119 124 128 130 132
1,360 1,560 2,560 3,280 3,640 3,920 4,160 4,400 4,560
 12 Total

8
40
20%

8
8
8
8
10
12
16
22
26
32
40
0

4,720
80
80
80
160
160
320
320
400
400
1,120
1,600
0

132.8
0.6
0.6
0.6
1.3
1.6
3.8
5.1
8.8
10.4
35.8
64.0
0.0
 28
133
4,720
Capex back

Capex for developing games [M USD] 5

Engine development [M USD] 15

Others [M USD] 4
Capex for Developing games [M USD] 5
Engine devlopment [M USD] 15
% of identified Capex [%] 20%

Capex [M USD] 24
Capex for developing games [M USD] 5
Engine development [M USD] 15
Other [M USD] 4
 2 3 4 5 6 7 8 9 10

6 7 13 15 17 18 19 20 20

4 4 4 4 3 3 3 3 3

2 2 3 4 4 4 4 5 5
6 7 13 15 17 18 19 20 20
4 4 4 4 3 3 3 3 3
20% 20% 20% 20% 20% 20% 20% 20% 20%

12 13 20 23 24 25 26 28 28
6 7 13 15 17 18 19 20 20
4 4 4 4 3 3 3 3 3
2 2 3 4 4 4 4 5 5
 back

11 12 Total

20 20

3 3

5 5
20 20
3 3
20% 20%

28 28 278
20 20 180
3 3 52
5 5 46
Depreciation & Amortization back

Gross Book Value by the period of creation [M USD] 24

1 [M USD] 24
2 [M USD]
3 [M USD]
4 [M USD]
5 [M USD]
6 [M USD]
7 [M USD]
8 [M USD]
9 [M USD]
10 [M USD]
11 [M USD]
12 [M USD]

% Depreciation 20%

Depreciation by the period of creation [M USD] 0

1 [M USD]
2 [M USD]
3 [M USD]
4 [M USD]
5 [M USD]
6 [M USD]
7 [M USD]
8 [M USD]
9 [M USD]
10 [M USD]
11 [M USD]
12 [M USD]

Net Book Value of Assets by the period of creation [M USD] 24

1 [M USD] 24
2 [M USD]
3 [M USD]
4 [M USD]
5 [M USD]
6 [M USD]
7 [M USD]
8 [M USD]
9 [M USD]
10 [M USD]
11 [M USD]
12 [M USD]
 2 3 4 5 6 7 8 9 10

36 49 70 92 116 142 168 196 223

24 24 24 24 24 24 24 24 24
12 12 12 12 12 12 12 12 12
13 13 13 13 13 13 13 13
20 20 20 20 20 20 20
23 23 23 23 23 23
24 24 24 24 24
25 25 25 25
26 26 26
28 28
28

5 7 10 14 18 18 21 24 25
5 5 5 5 5 0 0 0 0
2 2 2 2 2 0 0 0
3 3 3 3 3 0 0
4 4 4 4 4 0
5 5 5 5 5
5 5 5 5
5 5 5
5 5
6

31 37 48 57 62 69 74 78 80
19 14 10 5 0 0 0 0 0
12 10 7 5 2 0 0 0 0
13 11 8 5 3 0 0 0
20 16 12 8 4 0 0
23 18 14 9 5 0
24 19 14 10 5
25 20 15 10
26 21 16
28 22
28
 back

11 12 Total

251 278
24 24
12 12
13 13
20 20
23 23
24 24
25 25
26 26
28 28
28 28
28 28
28

26 27
0 0
0 0
0 0
0 0
0 0
5 0
5 5
5 5
6 6
6 6
6

82 83
0 0
0 0
0 0
0 0
0 0
0 0
5 0
11 5
17 11
22 17
28 22
28
Sale, margin, cost of sales development

1 2

Sales / Revenues [M USD] 0 32

# of pieces sold ['000 piece] 0 800
Average price per 1 piece sold [USD / piece] 0 40

Gross Margin [M USD] 0 27

Sales and revenues [M USD] 0 32
% Gross Margin [%] 85% 85%

Averaged Weighted Acquisition Cost per 1 sold[USD / piece] 4 4

Cost per customer [USD / piece]
% customers generated using specific met [%]

Averaged Weighted Acquisition Cost per 1 sold[M USD] 0 3

Averaged Weighted Cost per 1 sold piece [USD / piece] 4 4
# of pieces sold ['000 piece] 0 800

Cost of Retention [M USD] 0 0

Cost per 1 piece sold [USD / customer] 0 0
# of pieces sold ['000 piece] 0 800

Depreciation & Amortization [M USD] 0 5

Transaction fees [M USD] 0 0

Net (Sales) Margin [M USD] 0 19

Gross Margin [M USD] 0 27
Cost of Customer Acquisition [M USD] 0 3
Cost of Retention [M USD] 0 0
Depreciation & Amortization [M USD] 0 5
Transaction fees [M USD] 0 0
 back

3 4 5 6 7 8 9 10 11

50 55 92 112 119 124 128 130 132

1,360 1,560 2,560 3,280 3,640 3,920 4,160 4,400 4,560
37 35 36 34 33 32 31 30 29

42 47 78 95 101 112 115 117 118

50 55 92 112 119 124 128 130 132
85% 85% 85% 85% 85% 90% 90% 90% 90%

4 4 4 4 4 4 4 4 4

5 6 9 12 13 14 15 16 17
4 4 4 4 4 4 4 4 4
1,360 1,560 2,560 3,280 3,640 3,920 4,160 4,400 4,560

0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
1,360 1,560 2,560 3,280 3,640 3,920 4,160 4,400 4,560

7 10 14 18 18 21 24 25 26

0 0 0 0 0 0 0 0 0

30 31 54 64 69 76 76 75 75
42 47 78 95 101 112 115 117 118
5 6 9 12 13 14 15 16 17
0 0 0 0 0 0 0 0 0
7 10 14 18 18 21 24 25 26
0 0 0 0 0 0 0 0 0
 12 Total

133 1,106
4,720
28

120 972
133
90%

17 128
4
4,720

0 0
0
4,720

27 0

0 3

75 646
120 972
17 128
0 0
27 196
0 3
Head Office Costs

1 2 3

# of people in the Head Office [FTE] 30 30 30

# of games [game] 1 1 3

Head Office Space [sq m] 750 750 750

# of sq m per 1 person in HQ [sq m / FTE] 25 25 25
# of people in the Head Office [FTE] 30 30 30

Total Fixed costs [M USD] 3 3 3

Salaries [M USD] 2 2 2
# of Full Time Equivalent (FTE) [FTE] 30 30 30
Average salary per FTE ['000 USD/FTE] 50 50 50
Social securities as % of Salary [%] 23% 23% 23%
Materials and utilities [M USD] 0 0 0
Materials and utilities per 1 person ['000 USD / FTE] 5 5 5
# of Full Time Equivalent (FTE) [FTE] 30 30 30
Rent [M USD] 0 0 0
# of sq m [sq m] 750 750 750
Cost per sq m [USD / sq m] 360 360 360
Maintenace [M USD] 0 0 0
# of sq m [sq m] 750 750 750
Cost per sq m [USD / sq m] 90 90 90
External Services [M USD] 0 0 0
% of Salaries [%] 20% 20% 20%
Salaries [M USD] 2 2 2
 back

4 5 6 7 8 9 10 11 12

30 50 50 70 70 70 70 70 80
5 7 9 11 13 15 17 19 21

750 1,250 1,250 1,750 1,750 1,750 1,750 1,750 2,000

25 25 25 25 25 25 25 25 25
30 50 50 70 70 70 70 70 80

3 5 5 6 6 6 6 6 7
2 3 3 4 4 4 4 4 5
30 50 50 70 70 70 70 70 80
50 50 50 50 50 50 50 50 50
23% 23% 23% 23% 23% 23% 23% 23% 23%
0 0 0 0 0 0 0 0 0
5 5 5 5 5 5 5 5 5
30 50 50 70 70 70 70 70 80
0 0 0 1 1 1 1 1 1
750 1,250 1,250 1,750 1,750 1,750 1,750 1,750 2,000
360 360 360 360 360 360 360 360 360
0 0 0 0 0 0 0 0 0
750 1,250 1,250 1,750 1,750 1,750 1,750 1,750 2,000
90 90 90 90 90 90 90 90 90
0 1 1 1 1 1 1 1 1
20% 20% 20% 20% 20% 20% 20% 20% 20%
2 3 3 4 4 4 4 4 5
Parameters

# of years needed to develop a game [year]

# of years that we will maintain the game [year]

Capex per 1 year of development [M USD]

Capex per 1 year after the release [M USD]

back

1
Rules of selected parameters

# of FTE we need in the firm depending on # games we have

0 5
5 10
10 20
20 30
30 40
40 50
50 60
60

Capex per year per 1 game in M of USD

0 1
1 1
6
back

30
50
70
80
90
95
100
120

5
1
0
Profit & Loss back

1 2

Revenues [M USD] 0 32

Gross Margin [M USD] 0 27

Selling & Marketing costs (Cost of traffic) [M USD] 0 3

Cost of Customer Acquisition [M USD] 0 3
Cost of Retention [M USD] 0 0

Depreciation & Amortization [M USD] 0 5

Transactional Fees [M USD] 0 0

Net (Sales) Margin [M USD] 0 19

Gross Margin [M USD] 0 27
Selling & Marketing costs [M USD] 0 3
Depreciation & Amortization [M USD] 0 5
Transactional Fees [M USD] 0 0

Headoffice Costs [M USD] 3 3

Operating Profit [M USD] -3 17

Net Margin [M USD] 0 19
Headoffice Costs [M USD] 3 3

Interest Expenses Net [M USD] -1 -2

Interest Received (interest income) [M USD] 0
Interest Paid (Interest expences) [M USD] 1 2

Pre-Tax Profit [M USD] -3 15

Operational profit [M USD] -3 17
Interest Expenses Net [M USD] -1 -2

Corporate Tax (CIT) [M USD] 0 3

Pre-Tax Profit [M USD] -3 15
% CIT Tax [%] 19% 19%

Net Income [M USD] -3 12

Pre-Tax Profit [M USD] -3 15
Corporate Tax (CIT) [M USD] 0 3

As a % of Sales margin evolution

Sales [%] #DIV/0! 100%
Gross Margin [%] #DIV/0! 85%
Net (Sales) Margin [%] #DIV/0! 61%
Opearting Profit (EBIT) [%] #DIV/0! 52%
Net Income [%] #DIV/0! 38%
Costs as % of Sales #DIV/0! 48%
COGS [%] #DIV/0! 15%
Selling & Marketing costs [%] #DIV/0! 9%
Depreciation & Amortization [%] #DIV/0! 15%
Transactional Fees [%] #DIV/0! 0%
Headoffice Costs [%] #DIV/0! 8%
 3 4 5 6 7 8 9 10 11

50 55 92 112 119 124 128 130 132

42 47 78 95 101 112 115 117 118

5 6 9 12 13 14 15 16 17
5 6 9 12 13 14 15 16 17
0 0 0 0 0 0 0 0 0

7 10 14 18 18 21 24 25 26

0 0 0 0 0 0 0 0 0

30 31 54 64 69 76 76 75 75
42 47 78 95 101 112 115 117 118
5 6 9 12 13 14 15 16 17
7 10 14 18 18 21 24 25 26
0 0 0 0 0 0 0 0 0

3 3 5 5 6 6 6 6 6

27 28 50 60 63 70 69 69 69
30 31 54 64 69 76 76 75 75
3 3 5 5 6 6 6 6 6

-2 -2 -2 -1 0 1 3 4 5
0 1 1 1 2 2 3 4 5
3 3 3 2 1 1 0 0 0

25 26 48 59 63 71 72 73 74
27 28 50 60 63 70 69 69 69
-2 -2 -2 -1 0 1 3 4 5

5 5 9 11 12 14 14 14 14
25 26 48 59 63 71 72 73 74
19% 19% 19% 19% 19% 19% 19% 19% 19%

20 21 39 48 51 58 58 59 60
25 26 48 59 63 71 72 73 74
5 5 9 11 12 14 14 14 14

100% 100% 100% 100% 100% 100% 100% 100% 100%

85% 85% 85% 85% 85% 90% 90% 90% 90%
60% 57% 59% 58% 58% 61% 59% 58% 57%
55% 52% 54% 54% 53% 56% 54% 53% 52%
41% 38% 43% 43% 43% 46% 46% 45% 45%
45% 48% 46% 46% 47% 44% 46% 47% 48%
15% 15% 15% 15% 15% 10% 10% 10% 10%
10% 10% 10% 11% 11% 12% 12% 12% 13%
14% 18% 15% 16% 16% 17% 19% 19% 20%
0% 0% 0% 0% 0% 0% 0% 0% 0%
5% 5% 5% 4% 5% 5% 5% 5% 5%
 back

12 Total

133 1,106

120 972

17 128
17 128
0 0

27 196

0 3

75 646
120 972
17 128
27 196
0 3

7 59

68 588
75 646
7 59

6 10
6 25
0 15

74 597
68 588
6 10

14 114
74 597
19%

60 483
74 597
14 114

100% 100%
90% 88%
57% 58%
51% 53%
45% 44%
49% 47%
10% 12%
13% 12%
20% 18%
0% 0%
5% 5%
Working Capital back

1 2
Inventory [M USD] 0 0
Sales [M USD] 0 32
Inventory conversion period [day] 0 0

Receivables [M USD] 0 5
Sales [M USD] 0 32
Receivables conversion period [day] 60 60

Payables [M USD] 0 0
COGS [M USD] 0 5
Sales [M USD] 0 32
Gross Margin [M USD] 0 27
Payables conversion period [day] 30 30

Working Capital [M USD] 0 5

Inventory [M USD] 0 0
Receivables [M USD] 0 5
Payables [M USD] 0 0
 3 4 5 6 7 8 9 10 11
0 0 0 0 0 0 0 0 0
50 55 92 112 119 124 128 130 132
0 0 0 0 0 0 0 0 0

8 9 15 19 20 21 21 22 22
50 55 92 112 119 124 128 130 132
60 60 60 60 60 60 60 60 60

1 1 1 1 1 1 1 1 1
7 8 14 17 18 12 13 13 13
50 55 92 112 119 124 128 130 132
42 47 78 95 101 112 115 117 118
30 30 30 30 30 30 30 30 30

8 8 14 17 18 20 20 21 21
0 0 0 0 0 0 0 0 0
8 9 15 19 20 21 21 22 22
1 1 1 1 1 1 1 1 1
 back

12
0
133
0

22
133
60

1
13
133
120
30

21
0
22
1
Debt back

1 2

Debt at the end of the period [M USD] 24 36

Debt at the beginning of the period [M USD] 0 24
Increase of the Debt [M USD] 24 12
Capex [M USD] 24 12
% of Capex Financed through debt [%] 100% 100%
Repayment of the Debt [M USD]

Interest Paid [M USD] 1 2

Average Debt [M USD] 12 30
Debt at the beginning of the period [M USD] 0 24
Debt at the end of the period [M USD] 24 36
Interest Rate [%] 6% 6%
Annual Interest rate [%] 6% 6%
# of months [month] 1 1

Interest Received [M USD] 0 0

Average Cash [M USD] 8 13
Cash at the beginning of the period [M USD] 10 7
Cash at the end of the period [M USD] 7 19
Interest Rate [%] 2% 2%
Annual Interest rate [%] 2% 2%
# of months [month] 1 1
 3 4 5 6 7 8 9 10 11

49 49 39 29 19 9 0 0 0
36 49 49 39 29 19 9 0 0
13 0 0 0 0 0 0 0 0
13 20 23 24 25 26 28 28 28
100%
10 10 10 10 9 0 0

3 3 3 2 1 1 0 0 0
43 49 44 34 24 14 5 0 0
36 49 49 39 29 19 9 0 0
49 49 39 29 19 9 0 0 0
6% 6% 6% 6% 6% 6% 6% 6% 6%
6% 6% 6% 6% 6% 6% 6% 6% 6%
1 1 1 1 1 1 1 1 1

1 1 1 2 2 3 4 5 6
31 48 61 82 114 151 194 244 302
19 43 53 68 97 130 171 216 272
43 53 68 97 130 171 216 272 331
2% 2% 2% 2% 2% 2% 2% 2% 2%
2% 2% 2% 2% 2% 2% 2% 2% 2%
1 1 1 1 1 1 1 1 1
 back

12

0
0
0
28

0
0
0
0
6%
6%
1

7
360
331
390
2%
2%
1
Cash Flow back

1 2

CF From Operating Activities [M USD] -3 14

Net Profit (Net Income) [M USD] -3 12
Depreciation & Amortization [M USD] 0 5
Interest Expenses Net [M USD] 1 2
Change in Inventory [M USD] 0
Change in Receivables [M USD] -5
Change in Payables [M USD] 0

CF from Investing [M USD] -24 -12

Capex [M USD] -24 -12
Proceeds from assets sold [M USD] 0
Acquisitions, net of cash acquired [M USD] 0
Purchases of short-term investments [M USD] 0
Other [M USD] 0

CF from Financing [M USD] 23 10

Cash Invested by owners - Equity [M USD] 0 0
Loan Increase [M USD] 24 12
Repayment of the Loan [M USD] 0 0
Interest Paid [M USD] -1 -2
Interest Received [M USD] 0

Total CF [M USD] -3 12
CF From Operating Activities [M USD] -3 14
CF from Investing [M USD] -24 -12
CF from Financing [M USD] 23 10

Cash Position at the end of the period [M USD] 7 19

Cash Position at the beginning of the perio[M USD] 10 7
Change in CF [M USD] -3 12
 3 4 5 6 7 8 9 10 11

27 33 49 64 68 76 79 80 81
20 21 39 48 51 58 58 59 60
7 10 14 18 18 21 24 25 26
2 2 2 1 0 -1 -3 -4 -5
0 0 0 0 0 0 0 0 0
-3 -1 -6 -3 -1 -1 -1 0 0
0 0 0 0 0 0 0 0 0

-13 -20 -23 -24 -25 -26 -28 -28 -28

-13 -20 -23 -24 -25 -26 -28 -28 -28
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0

11 -2 -12 -11 -10 -9 -6 4 5

0 0 0 0 0 0 0 0 0
13 0 0 0 0 0 0 0 0
0 0 -10 -10 -10 -10 -9 0 0
-3 -3 -3 -2 -1 -1 0 0 0
0 1 1 1 2 2 3 4 5

25 10 14 29 33 41 45 56 58
27 33 49 64 68 76 79 80 81
-13 -20 -23 -24 -25 -26 -28 -28 -28
11 -2 -12 -11 -10 -9 -6 4 5

43 53 68 97 130 171 216 272 331

19 43 53 68 97 130 171 216 272
25 10 14 29 33 41 45 56 58
 back

12 Total

81 452
60 483
27 0
-6 -10
0 0
0 -22
0 1

-28 -278
-28 -278
0 0
0 0
0 0
0 0

6 10
0 0
0 49
0 -49
0 -15
6 25

59 380
81 648
-28 -278
6 10

390
331
59
Categories used

Monthly
periodly
back

Number of days used for

Working Capital Number of months used
Calculations for Interest calculation
30 12
365 1
Data for the slide back
Useful for the case links
back

Topic Topic
Finace & Accounting - Essential Terms https://www2.slideshare.net/As
How to calculate Depreciation & Amortization in Excel https://www.youtube.com/watc
E-commerce basic model https://www.youtube.com/watc
Blizard - Investor Relations https://investor.activision.com/i
Retail Business Model https://www.youtube.com/watc
Consulting Business Model https://youtu.be/ijtVIZDb880
Restaurant Business Model https://youtu.be/P3rrLgaaOLI
Financial modeling in Excel - Working capital https://www.youtube.com/watc
Modeling Capex & Depreciation https://youtu.be/g647Bz4nVe0
https://www2.slideshare.net/AsenGyczew/essential-finance-accounting-for-management-consultants-and-business-analysts
https://www.youtube.com/watch?v=g647Bz4nVe0
https://www.youtube.com/watch?v=NjQrW--dfm0
https://investor.activision.com/investor-relations
https://www.youtube.com/watch?v=e_3HymWbj8w
https://youtu.be/ijtVIZDb880
https://youtu.be/P3rrLgaaOLI
https://www.youtube.com/watch?v=mJd4XRTOwSg
https://youtu.be/g647Bz4nVe0
business-analysts