List of Existing A

Order Purpose (land, premises and Unit cost

Quantity
No equipment) Purchase

3
4
5
6

TOTAL 1

INPUT STOCKS AND OTHER

CONSUMABLES
8
9
10
11
TOTAL 2
List of Existing Assets deprecia
amount Year of
amount of
acquisition residual value Status (in Depreciatio
depreciation residual value
use /out of use/leased) n rate
(FCFA) recognized
(FCFA)

- - Un peu vétuste 5%

10%

20%
25%
5%
10%

- -

- -
- -
depreciation schedule for existing assets
Year1 Year2 Year3 Year4 residual value

- - - - -

- - - - -
- - - - -
- - - - -
- - - - -
- - - - -

- - - - -

-
 Year 1
section Unit Quantity price Unit
constructions and
installations
electrical installations FF 300,000
1

Installation of the production unit m² 136 12000

hedge of fence with grating on 40m². m²

Land purchase (including land acquisition

and administrative costs)
m²

earthworks m²
land m² -
S/total1
general, commercial and logistic resources
Voltage regulator U 1 75000
Long extension cord U 1 12000
Cover for spreading food U 1 70000
wheelbarrow U 1 35000
Manual hand truck U 1 150000
Generator U 1
tricycle U 1 1750000
Fire safety equipment U 1 80000
S/total 2
production material
shredder-mixer
U 1 3000000
electric sewing machine
U 1 250000

commercial scale
U
1 100000
matabi sprayer
U 1 45000
small equipment
U
1 120000
plastic crate U

S/total 3
office equipment
complete computer U 1 120000
chairs + tables U 1 50000
printer U 1 50000
telephone U 1 35000
internet modem U 1
register U 1 10000
S/total 4
other fixed assets
 patents licenses concessions and trademarks U
study, research and development costs U
management software U 1
deposits and guarantees paid U 1
S/total 5
TOTAL GENERAL

Year 2
section Unit Quantity price Unit
constructions and
installations
electrical installations FF 1 300,000
Installation of the production unit m² 136 12000
hedge of fence with grating on 40m². m²
Land purchase (including land acquisition
and administrative costs)
m²

earthworks m²
land m² -
S/total1
general, commercial and logistic resources
Voltage regulator U 1 75000
Long extension cord U 1 12000
Cover for spreading food U 1 70000
wheelbarrow U 1 35000
Manual hand truck U 1 150000
Generator U 1
tricycle U 1 1750000
Fire safety equipment U 1 80000
S/total 2
production material
shredder-mixer
U 1 3000000
electric sewing machine
U 1 250000
commercial scale
U 1 100000
matabi sprayer
U 1 45000
small equipment
U 1 120000
plastic crate U
S/total 3
office equipment
complete computer U 1 120000
chairs + tables U 1 50000
printer U 1 50000
telephone U 1 35000
internet modem U 1
register U 1 10000
S/total 4
other fixed assets
patents licenses concessions and trademarks U
 study, research and development costs U
management software U 1
deposits and guarantees paid U 1
S/total 5
TOTAL GENERAL

Year 3
section Unit Quantity price Unit
constructions and
installations
electrical installations FF 1 300,000
Installation of the production unit m² 136 12000
hedge of fence with grating on 40m². m²
Land purchase (including land acquisition
and administrative costs)
m²

earthworks m²
land m² -
S/total1
general, commercial and logistic resources
Voltage regulator U 1 75000
Long extension cord U 1 12000
Cover for spreading food U 1 70000
wheelbarrow U 1 35000
Manual hand truck U 1 150000
Generator U 1
tricycle U 1 1750000
Fire safety equipment U 1 80000
S/total 2
production material
shredder-mixer
U 1 3000000
electric sewing machine
U 1 250000
commercial scale
U 1 100000
matabi sprayer
U 1 45000
small equipment
U 1 120000
plastic crate U
S/total 3
office equipment
complete computer U 1 120000
chairs + tables U 1 50000
printer U 1 50000
telephone U 1 35000
internet modem U 1
register U 1 10000
S/total 4
other fixed assets
patents licenses concessions and trademarks U
study, research and development costs U
management software U 1
 deposits and guarantees paid U 1
S/total 5
TOTAL GENERAL

Year 4
section Unit Quantity price Unit
constructions and
installations
electrical installations FF 1 300,000
Installation of the production unit m² 136 12000
hedge of fence with grating on 40m². m²
Land purchase (including land acquisition
and administrative costs)
m²

earthworks m²
land m² -
S/total1
general, commercial and logistic resources
Voltage regulator U 1 75000
Long extension cord U 1 12000
Cover for spreading food U 1 70000
wheelbarrow U 1 35000
Manual hand truck U 1 150000
Generator U 1
tricycle U 1 1750000
Fire safety equipment U 1 80000
S/total 2
production material
shredder-mixer
U 1 3000000
electric sewing machine
U 1 250000
commercial scale
U 1 100000
matabi sprayer
U 1 45000
small equipment
U 1 120000
plastic crate U
S/total 3
office equipment
complete computer U 1 120000
chairs + tables U 1 50000
printer U 1 50000
telephone U 1 35000
internet modem U 1
register U 1 10000
S/total 4
other fixed assets
patents licenses concessions and trademarks U
study, research and development costs U
management software U 1
deposits and guarantees paid U 1
S/total 5
TOTAL GENERAL
 Depreciation
Year1 Year2 Year3 Year4
amount rate

300,000
20% 60000 60,000 60,000 60,000

1,632,000
5% 81600 81,600 81,600 81,600

-
5% 0 - - -

-
0% 0 - - -
- 5% 0 - - -
- 0% 0 - - -
1,932,000 141,600 141,600 141,600 141,600

75,000 25% 18750 18,750 18,750 18,750

12,000 20% 2400 2,400 2,400 2,400
70,000 20% 14000 14,000 14,000 14,000
35,000 33% 11666.66666667 11,667 11,667 11,667
150,000 20% 30000 30,000 30,000 30,000
20% 0 - - -
1,750,000 25% 437500 437,500 437,500 437,500
80,000 0 - - -
2,172,000 514,317 514,317 514,317

3,000,000 25% 750000 750,000 750,000

250,000
25% 62500 62,500 62,500

100,000
25% 25000 25,000 25,000

45,000 20% 9000 9,000 9,000

120,000 50% 60000 60,000 60,000

- 50% 0 - -
3,515,000 906,500 906,500 906,500

120,000 25% 30000 30,000 30,000

50,000 25% 12500 12,500 12,500
50,000 25% 12500 12,500 12,500
35,000 25% 8750 8,750 8,750
- 25% 0 - -
10,000 25% 2500 2,500 2,500
265,000 66,250 66,250 66,250 -
 - 20%
- 50%
- 33%
- 0% 0 - -
- - - - -
7,884,000 1,628,667 1,628,667 1,628,667 141,600

Depreciation
Year1 Year2 Year3 Year4
amount rate

300,000 20% 60,000 60,000 60,000

1,632,000 5% 81,600 81,600 81,600
- 5% - - -

-
0% - - -
- 5% - - -
- 0% - - -
1,932,000 - 141,600 141,600 141,600

75,000 25% 18,750 18,750 18,750

12,000 20% 2,400 2,400 2,400
70,000 20% 14,000 14,000 14,000
35,000 33% 11,667 11,667 11,667
150,000 20% 30,000 30,000 30,000
20% - - -
1,750,000 25% 437,500 437,500 437,500
80,000 - - -
2,172,000 - 514,317 514,317 514,317

3,000,000 25% 750,000 750,000 750,000

250,000 25% 62,500 62,500 62,500
100,000 25% 25,000 25,000 25,000

45,000 20% 9,000 9,000 9,000

120,000 50% 60,000 60,000 60,000
- 50% - - -
3,515,000 - 906,500 906,500 906,500

120,000 25% 30,000 30,000 30,000

50,000 25% 12,500 12,500 12,500
50,000 25% 12,500 12,500 12,500
35,000 25% 8,750 8,750 8,750
- 25% - - -
10,000 25% 2,500 2,500 2,500
265,000 - 66,250 66,250 66,250

- 20% - - -
 - 50% - - -
- 33% - - -
- 0% - - -
- - - - -
7,884,000 - 1,628,667 1,628,667 1,628,667

Depreciation
Year1 Year2 Year3 Year4
amount rate

300,000 20% 60,000 60,000

1,632,000 5% 81,600 81,600
- 5% - -

-
0% - -
- 5% - -
- 0% - -
1,932,000 - - 141,600 141,600

75,000 25% 18,750 18,750

12,000 20% 2,400 2,400
70,000 20% 14,000 14,000
35,000 33% 11,667 11,667
150,000 20% 30,000 30,000
20% - -
1,750,000 25% 437,500 437,500
80,000 - -
2,172,000 - - 514,317 514,317

3,000,000 25% 750,000 750,000

250,000 25% 62,500 62,500
100,000 25% 25,000 25,000
45,000 20% 9,000 9,000
120,000 50% 60,000 60,000
- 50% - -
3,515,000 - - 906,500 906,500

120,000 25% 30,000 30,000

50,000 25% 12,500 12,500
50,000 25% 12,500 12,500
35,000 25% 8,750 8,750
- 25% - -
10,000 25% 2,500 2,500
265,000 - - 66,250 66,250

- 20% - -
- 50% - -
- 33% - -
 - 0% - -
- - - - -
7,884,000 - - 1,628,667 1,628,667

Depreciation
Year1 Year2 Year3 Year4
amount rate

300,000 20% 60,000

1,632,000 5% 81,600
- 5% -
-
0% -
- 5% -
- 0% -
1,932,000 - - - 141,600

75,000 25% 18,750

12,000 20% 2,400
70,000 20% 14,000
35,000 33% 11,667
150,000 20% 30,000
20% -
1,750,000 25% 437,500
80,000 -
2,172,000 - - - 514,317

3,000,000 25% 750,000

250,000 25% 62,500
100,000 25% 25,000
45,000 20% 9,000
120,000 50% 60,000
- 50% -
3,515,000 - - - 906,500

120,000 25% 30,000

50,000 25% 12,500
50,000 25% 12,500
35,000 25% 8,750
- 25% -
10,000 25% 2,500
265,000 - - - 66,250

- 20% -
- 50% -
- 33% -
- 0% -
- - - - -
7,884,000 - - - 1,628,667
 residual value

60,000

1,305,600

-
-
1,365,600

-
2,400
14,000
- 11,667
30,000
-
-
80,000
114,733

750,000

62,500

25,000

18,000

- 60,000

-
795,500

30,000
12,500
12,500
8,750
-
2,500
66,250
 -
-
2,342,083

residual value

120,000
1,387,200
-

-
-
-
1,507,200

18,750
4,800
28,000
-
60,000
-
437,500
80,000
629,050

750,000
62,500

25,000

18,000
- 60,000
-
795,500

30,000
12,500
12,500
8,750
-
2,500
66,250

-
 -
-
-
-
2,998,000

residual value

180,000
1,468,800
-

-
-
-
1,648,800

37,500
7,200
42,000
11,667
90,000
-
875,000
80,000
1,143,367

1,500,000
125,000
50,000
27,000
-
-
1,702,000

60,000
25,000
25,000
17,500
-
5,000
132,500

-
-
-
 -
-
4,626,667

residual value

240,000
1,550,400
-

-
-
-
1,790,400

56,250
9,600
56,000
23,333
120,000
-
1,312,500
80,000
1,657,683

2,250,000
187,500
75,000
36,000
60,000
-
2,608,500

90,000
37,500
37,500
26,250
-
7,500
198,750

-
-
-
-
-
6,255,333
 SUMMARY DEPRECIATION TABLE
Rubrique Year 1
Depreciation year 1 1,628,667
Depreciation year 2 -
Depreciation year 3 -
Depreciation year 4 -
Depreciation Existing assets -
TOTAL 1,628,667

SUMMARY OF INVESTMENTS
Rubrique Year 1

AMOUNT OF INVESTMENTS TO BE MADE BY YEAR 7,884,000

SUMMARY DEPRECIATION TABLE
Year 2 Year 3 Year 4 Year 5 residual value
1,628,667 1,628,667 141,600 2,342,083
1,628,667 1,628,667 1,628,667 2,998,000
- 1,628,667 1,628,667 4,626,667
- - 1,628,667 6,255,333
- - - -
3,257,333 4,886,000 5,027,600 - 16,222,083

SUMMARY OF INVESTMENTS
Year 2 Year 3 Year 4 Year 5 TOTAL

7,884,000 7,884,000 7,884,000 31,536,000

 YEAR 1
products or services size weight in Kg
Product 1 bag of 50kg 50kg
Product 2 bag of 50kg 50kg
Product 3 bag of 50kg 50kg
Product 4 bag of 50kg 50kg

YEAR 2
products or services size weight in Kg
Product 1 bag of 50kg 50kg
Product 2 bag of 50kg 50kg
Product 3 bag of 50kg 50kg
Product 4 bag of 50kg 50kg
- -
Market growth rate 10%

YEAR 3
products or services size weight in Kg
Product 1 bag of 50kg 50kg
Product 2 bag of 50kg 50kg
Product 3 bag of 50kg 50kg
Product 4 bag of 50kg 50kg
- -
Market growth rate 10%

YEAR 4
products or services bag of 50kg weight in Kg
Product 1 bag of 50kg 50kg
Product 2 bag of 50kg 50kg
Product 3 bag of 50kg 50kg
Product 4 bag of 50kg -
- -
Market growth rate 10%
month 1 month 2 month 3 month 4 month 5 month 6 month 7 month 8 month 9
80 80 80 80 80 80 80 80 80
250 250 250 250 250 250 250 250 250
40 40 40 40 40 40 40 40 40
200 200 200 200 200 200 200 200 200

month 1 month 2 month 3 month 4 month 5 month 6 month 7 month 8 month 9

month 1 month 2 month 3 month 4 month 5 month 6 month 7 month 8 month 9

month 1 month 2 month 3 month 4 month 5 month 6 month 7 month 8 month 9

month 10 month 11 month 12 annual volume price unit annual turnover
80 80 80 960 -
250 250 250 3,000 -
40 40 40 480 -
200 200 200 2,400 -
-
TOTAL 6,840 -

month 10 month 11 month 12 annual volume price unit annual turnover

1,056 0 -
3,300 0 -
528 0 -
2,640 0 -

TOTAL 7,524 -

month 10 month 11 month 12 annual volume price unit annual turnover

1,162 0 -
3,630 0 -
581 0 -
2,904 0 -
-
TOTAL 8,276 -

month 10 month 11 month 12 annual volume price unit annual turnover

1,278 0 -
3,993 0 -
639 0 -
3,194 0 -
-
TOTAL 9,104 -
`
 T1:
Année1 YEAR 1
Produits Unit customer category Volume
Product 1 bag of 50kg wholesalers 576
Product 2 bag of 50kg wholesalers 1,800
Product 3 bag of 50kg wholesalers 288
Product 4 bag of 50kg wholesalers 1,440
Product 1 bag of 50kg farmers or breeders 384
Product 2 bag of 50kg farmers or breeders 1,200
Product 3 bag of 50kg farmers or breeders 192
Product 4 bag of 50kg farmers or breeders 960
TOTAL INCOME IN FCFA

market share to wholesalers 60%

market share to farmers 40.00%
 T1:PRODUCTION AND PROJECTED ANNUAL INCOME ( FCFA)
YEAR 1 YEAR 2 YEAR 3
PU Amount Volume PU Amount Volume PU
18,000 10,368,000 634 18,000 11,404,800 697 18,000
19,500 35,100,000 1,980 19,500 38,610,000 2,178 19,500
14,500 4,176,000 317 14,500 4,593,600 348 14,500
13,000 18,720,000 1,584 13,000 20,592,000 1,742 13,000
18,500 7,104,000 422 18,500 7,814,400 465 18,500
20,000 24,000,000 1,320 20,000 26,400,000 1,452 20,000
15,000 2,880,000 211 15,000 3,168,000 232 15,000
13,500 12,960,000 1,056 13,500 14,256,000 1,162 13,500
115,308,000 126,838,800
YEAR 3 YEAR 4
Amount Volume PU Amount
12,545,280 767 18,000 13,799,808
42,471,000 2,396 19,500 46,718,100
5,052,960 383 14,500 5,558,256
22,651,200 1,917 13,000 24,916,320
8,595,840 511 18,500 9,455,424
29,040,000 1,597 20,000 31,944,000
3,484,800 256 15,000 3,833,280
15,681,600 1,278 13,500 17,249,760
139,522,680 153,474,948
 Direct cost of production 50kg Starter feed
Désignation Unit PU Volume

raw materials and other

consumables kg
Grain corn kg 225 30
soybean meal kg 550 8
BELGO pig concentrate 10%, kg 460
and
chicken concentrate 10%, and Kg 720 3
Fish meal 65%. Kg 800 2
Dicalcium phosphate kg 340 1
cotton cake kg 200 4
peanut cake bag of 50 kg 7000
palm kernel cake bag of 50 kg 2500
sea shell Kg 120 1
Remoulage Kg 150 1
bone meal bag of 25 kg 3000
wheat bran Kg 70
transport delivery U 200 1
electricity kwh 85 1.50
Other consumables 50
50kg empty
packaging bag 400 1
sewing thread roller 15 1

Total general
expected quantity
direct unit cost
sales price
margin on variable cost

Direct production cost 50kg Meat finishing feed

Désignation Unit PU Volume
raw materials and other
consumables kg
Grain corn kg 225 30
soybean meal kg 550 4
BELGO pig concentrate 10%, kg
and 460
chicken concentrate 10%, and Kg
720
3
Fish meal 65%. Kg
800
2
Dicalcium phosphate kg 340 1
cotton cake kg 200 2
peanut cake bag of 50 kg 7000
palm kernel cake bag of 50 kg 2500
sea shell Kg 120 1
Remoulage Kg 150 1
bone meal bag of 25 kg 3000
wheat bran Kg 70
transport delivery U 200 1
electricity kwh 85 1.50
Other consumables 44
50kg empty
packaging bag 400 1
sewing thread roller 15 1

Total general
expected quantity
direct unit cost
sales price
margin on variable cost

Direct production cost 50kg Pig starter feed

Désignation Unit PU Volume
raw materials and other
consumables kg
Grain corn kg 225 28
soybean meal kg 550 8
BELGO pig concentrate 10%, kg 460
and
chicken concentrate 10%, and Kg 720 2
Fish meal 65%. Kg
800
2
Dicalcium phosphate kg 340 1
cotton cake kg 200 5
peanut cake bag of 50 kg 7000
palm kernel cake bag of 50 kg 2500
sea shell Kg 120 1
Remoulage Kg 150 1
bone meal bag of 25 kg 3000
wheat bran Kg 70
transport delivery U 200 1
electricity kwh 85 1.50
Other consumables 48
50kg empty
packaging bag 400 1
sewing thread roller 15 1

Total general
 expected quantity
direct unit cost
sales price
margin on variable cost

Direct production cost 50kg Pork finishing feed

Désignation Unit PU Volume
raw materials and other
consumables kg
Grain corn kg 225 30
soybean meal kg 550 4
BELGO pig concentrate 10%, kg
and 460
chicken concentrate 10%, and Kg 720 3
Fish meal 65%. Kg
800
1
Dicalcium phosphate kg 340 1
cotton cake kg 200 4
peanut cake bag of 50 kg
palm kernel cake bag of 50 kg
sea shell Kg 120 1
Remoulage Kg 150 1
bone meal bag of 25 kg 3000
wheat bran Kg 70
transport delivery U 200 1
electricity kwh 85 1.50
Other consumables 45
50kg empty
packaging bag 400 1
sewing thread roller 15 1

Total general
expected quantity
direct unit cost
sales price
margin on variable cost

summary of direct unit cost

products or services Unit direct cost unit
Product 1 bag of 50kg 17,063
Product 3 bag of 50kg 14,463
Product 1 bag of 50kg 16,093
Product 4 bag of 50kg 14,063
eed
Amount(FCFA)

6,750
4,400
0
2,160
1,600
340
800
0
0
120
150
0
0
200
128

400
15

17,063
1
17,063
19500
2437.5

g feed
Amount(FCFA)

6,750
2,200

2,160

1,600
340
400
 0
0
120
150
0
0
200
128

400
15

14,463
1
14,463
19500
5037.5

eed
Amount(FCFA)

6,300
4,400
0

1,440

1,600
340
1,000
0
0
120
150
0
0
200
128

400
15

16,093
 1
16,093
19500
3407.5

g feed
Amount(FCFA)

6,750
2,200

2,160

800
340
800
0
0
120
150
0
0
200
128

400
15

14,063
1
14,063
19500
5437.5
 SUMMARY

Year 1
product or services Unit Volume

Product 1 bag of 50kg 960

Product 3 bag of 50kg 3,000
Product 1 bag of 50kg 480
Product 4 bag of 50kg 2,400

TOTAL
 SUMMARY ANNUAL DIRECT PRODUCTION COSTS in FCFA

Year 1 Year 2 Year 3

Amount Volume Amount Volume Amount

16,380,000 1,056.0 18,018,000 1,161.6 19,819,800

43,387,500 3,300.0 47,726,250 3,630.0 52,498,875
7,724,400 528.0 8,496,840 580.8 9,346,524
33,750,000 2,640.0 37,125,000 2,904.0 40,837,500
- -
- -
- -
101,241,900 111,366,090 122,502,699
 percentage of production volume to be
hypothesis taken into account in the calculation of the
WCR

Evaluation Stocks to be constituted for

Poste WCR Year 1
Year 4
Volume Amount Vol PU Amount

0
1,277.8 21,801,780 Product 1 96.00 17,063 1,638,000
3,993.0 57,748,763 Product 3 300.00 14,463 4,338,750
638.9 10,281,176 Product 1 48.00 16,093 772,440
3,194.4 44,921,250 Product 4 240.00 14,063 3,375,000
- 0 -
- 0 -
- 0 -
134,752,969 TOTAL - 10,124,190
 Year 1 Year 2 Year 3 Year 4

10% 10% 10% 10%

Evaluation Stocks to be constituted for WCR Evaluation Stocks to be constituted for WCR
Year 2 Year 3
Vol PU Amount Vol PU Amount

106 17,063 1,801,800 116 17,063 1,981,980

330 14,463 4,772,625 363 14,463 5,249,888
53 16,093 849,684 58 16,093 934,652
264 14,063 3,712,500 290 14,063 4,083,750
- 0 0 - 0 0
- 0 0 - 0 0
- -
- 11,136,609 - 12,250,270
Evaluation Stocks to be constituted
for WCR Year 4
Vol PU Amount

128 17,063 2,180,178

399 14,463 5,774,876
64 16,093 1,028,118
319 14,063 4,492,125
- 0 0
- 0 0
-
- 13,475,297
 General expenses (fixed

Designation

incorporation/creation costs

maintenance products

marketing and communication expenses

meeting expenses (AGM and Board of Directors)

Office supplies

Maintenance of production tools & warehouse

maintenance

PPE (ear protection; goggles; gang and masks;

work clothes)

Training - seminar

Fees (accountant, lawyer...)

AIRD insurance
Nursing care
Environmental impact study

transportation costs for employees

electricity and water other uses

internet headquarters and agency

Telephone

Banking service

pallets

fuel
Total
 General expenses (fixed costs / intermediate consumption) (FCFA)

Montant par mois et

prévisions Year 1 Year 2
150,000
10000/month 120,000 120,000

forfait 150,000 150,000

5000f/2 month 30,000 30,000

5000f/month 60,000 60,000

5% of fixed investments per
year 551,880 946,080

annual fee
100,000 100,000
annual fee 50,000 50,000

annual fee 150,000 150,000

2% of investments
FF 30,000 30,000

10000/month 120,000 120,000

5000f/month
60,000 60,000
2500f/month 30,000 30,000

5000 f/month 60,000 60,000

5000 f/month 60,000 60,000

FF 100,000 100,000
50000f/month 60,000 60,000
1,721,880 1,966,080
on) (FCFA) Evaluation of other operating expenses for working ca

Year 3 Year 4 Year 1 Year 2

150,000 0
120,000 120,000 30000 30000
150,000 150,000 75000 75000
30,000 30,000

60,000 60,000 20,000 20,001

1,340,280 1,734,480 91980 157680

100,000 100,000 100,000 100,000

50,000 50,000

150,000 150,000

30,000 30,000 10,000 10,000

120,000 120,000 30,000 30,000

60,000 60,000 10,000 10,000

30,000 30,000 10,000 10,000

60,000 60,000 10,000 10,000

60,000 60,000 10,000 10,000

100,000 100,000 100,000 100,000

60,000 60,000 20000 20000

2,360,280 2,754,480 666,980 462,681

perating expenses for working capital

Year 3 Year 4

0 0

30000 30000

75000 75000

20,002 20,003

223380 289080

100,000 100,000

10,000 10,000

30,000 30,000

10,000 10,000

10,000 10,000

10,000 10,000

10,000 10,000

100,000 100,000

20000 20000

528,382 594,083
 Staff a
Year 1
department poste staff sal/month
DG
1/executive
management Assistant
vigil 1 40,000
sales representative
2/ Administration delivery driver
and Marketing
Department (DAM) accountant
warehouseman
3/ Operation production manager 1 100,000
Department (OD) worker 2 55,000
Total General
benefits 2.5% of annual
4
salary
Social charges (7.5% of
gross salary)
Total payroll

human resources 5% salary increase each

5%
policy year for the next three years
 Staff and recruitment plan
Year 1 Year 2 Year 3
sal/Annual staff sal/month sal/Annual staff sal/month sal/Annual
0 0 0 0 0
0 0 0 0 0
480,000 1 42,000 504,000 1 44,100 529,200
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
1,200,000 1 105,000 1,260,000 1 110,250 1,323,000
1,320,000 2 57,750 1,386,000 2 60,638 1,455,300
3,000,000 4 3,150,000 4 3,307,500
75,000 262,500 275,625
230,625 255,938 268,734
3,305,625 3,668,438 3,851,859
 Year 4
staff sal/month sal/Annual
0 0
0 0
1 46,305 555,660
0 0
0 0
0 0
0 0
1 115,763 1,389,150
2 63,669 1,528,065
4 3,472,875
289,406
282,171
4,044,452
 Designation Year 1 Year 2 Year 3
Sales revenue 115,308,000 126,838,800 139,522,680
direct operating expenses 101,241,900 111,366,090 122,502,699
change in inventories of materials and
other supplies
Gross margin 14,066,100 15,472,710 17,019,981
Other operating expenses 1,721,880 1,966,080 2,360,280
Added value 12,344,220 13,506,630 14,659,701
Taxes (1% of sales) 1,153,080 1,268,388 1,395,227
Personnel costs 3,305,625 3,668,438 3,851,859
Gross operating surplus 7,885,515 8,569,805 9,412,615
Depreciation and amortization 1,628,667 3,257,333 4,886,000
Operating result 6,256,848 5,312,471 4,526,615
Financial expenses (12%) 1,136,209 696,791 244,819
Current income before tax 5,120,639 4,615,680 4,281,796
INCOME TAX (30.8%) 0 1,421,629 1,318,793
Net income 5,120,639 3,194,050 2,963,003
Cash flow from operations 6,749,306 6,451,384 7,849,003
 Year 4 Year 5
153,474,948 Err:509
134,752,969 Err:509
Err:509
18,721,979 Err:509
2,754,480 Err:509
15,967,499 Err:509
1,534,749 Err:509
6882024 6946908
7,550,726 Err:509
5,027,600 Err:509
2,523,126 Err:509
0 #REF!
2,523,126 Err:509
832631.4546 Err:509
1,690,494 Err:509
6,718,094 Err:509
 Financing and Amortization Plan Loan
Amount of Funding
Sub Project: 18,950,639 FCFA
Equity contribution 9,475,319 FCFA
Grant 0 FCFA
bank loan 9,475,319 FCFA
Bank interest HT: 12.0%
Deferred : 6 Month
Loan duration 36 Month
REPAYMENT SCHEDULE OF THE LOAN

Mois Equivalent
MONTH Month Equivalent REIMBURSEMENT OF
on the implementation schedule CAPITAL
of the sub-project

M+1 août-22 263,203

M+2 août-22 263,203
M+3 août-22 263,203
M+4 août-22 263,203
M+5 août-22 263,203
M+6 août-22 263,203
M+7 août-22 263,203
M+8 août-22 263,203
M+9 août-22 263,203
M+10 août-22 263,203
M+11 août-22 263,203
M+12 août-22 263,203
M+13 août-22 263,203
M+14 août-22 263,203
M+15 août-22 263,203
M+16 août-22 263,203
M+17 août-22 263,203
M+18 août-22 263,203
M+19 août-22 263,203
M+20 août-22 263,203
M+21 août-22 263,203
M+22 août-22 263,203
M+23 août-22 263,203
M+24 août-22 263,203
M+25 août-22 263,203
M+26 août-22 263,203
M+27 août-22 263,203
M+28 août-22 263,203
M+29 août-22 263,203
M+30 août-22 263,203
M+31 août-22 263,203
M+32 sept.-22 263,203
M+33 sept.-22 263,203
M+34 sept.-22 263,203
M+35 sept.-22 263,203
M+36 sept.-22 263,203
M+37 sept.-22
M+38 sept.-22
TOTAL 8,422,506

Elements
amortization
interest
annuity
 100.0%
50%
0.0%
50.0%

TOTAL
REMAINING CAPITAL INTEREST TO BE VAT . INTEREST INCL. TOTAL DEADLINE ECHEANCE
PAID VAT TTC

9,212,116 92,121 17,733 109,854 373,058

8,948,913 89,489 17,227 106,716 369,919
8,685,709 86,857 16,720 103,577 366,780
8,422,506 84,225 16,213 100,438 363,642
8,159,303 84,225 16,213 100,438 363,642
7,896,099 81,593 15,707 97,300 360,503
7,632,896 78,961 15,200 94,161 357,364
7,369,693 76,329 14,693 91,022 354,226
7,106,490 73,697 14,187 87,884 351,087
6,843,286 71,065 13,680 84,745 347,948
6,580,083 68,433 13,173 81,606 344,810
6,316,880 65,801 12,667 78,467 341,671
6,053,676 63,169 12,160 75,329 338,532
5,790,473 60,537 11,653 72,190 335,393
5,527,270 57,905 11,147 69,051 332,255
5,264,066 55,273 10,640 65,913 329,116
5,000,863 52,641 10,133 62,774 325,977
4,737,660 50,009 9,627 59,635 322,839
4,474,456 47,377 9,120 56,497 319,700
4,211,253 44,745 8,613 53,358 316,561
3,948,050 42,113 8,107 50,219 313,423
3,684,846 39,480 7,600 47,080 310,284
3,421,643 36,848 7,093 43,942 307,145
3,158,440 34,216 6,587 40,803 304,006
2,895,236 31,584 6,080 37,664 300,868
2,632,033 28,952 5,573 34,526 297,729
2,368,830 26,320 5,067 31,387 294,590
2,105,627 23,688 4,560 28,248 291,452
1,842,423 21,056 4,053 25,110 288,313
1,579,220 18,424 3,547 21,971 285,174
1,316,017 15,792 3,040 18,832 282,036
1,052,813 13,160 2,533 15,693 278,897
789,610 10,528 2,027 12,555 275,758
 526,407 7,896 1,520 9,416 272,619
263,203 5,264 1,013 6,277 269,481
0 2,632 507 3,139 266,342
-
- - - - -
1,742,406 335,413 2,077,819 11,553,138 -

Year 1 Year 2 Year 3 Year 4 TOTAL

3,158,440 3,158,440 3,158,440 9,475,319
1,136,209 696,791 244,819 2,077,819
4,294,649 3,855,231 3,403,258 11,553,138
287,879
 Evaluation Working capital requirements (FCFA)
Designation Year 1 Year 2 Year 3
Stock Raw materials, products and operating expenses
product and input inventories 10,124,190 11,136,609 12,250,270
fixed costs 666,980 462,681 528,382
staff salaries 275,469 305,703 320,988
Environmental study
Total stock and operating expenses 11,066,639 11,904,993 13,099,640

other stock products

Total stock Other product 0 0 0

Customer receivables
customer
Total customer receivables 0 0 0
Suppliers credit
debts to suppliers of raw materials
available or existing stocks 0
tax and social security liabilities
Total trade credit 0 0 0

Working capital requirements (WCR) 11,066,639 11,904,993 13,099,640

Change in WCR 11,066,639 838,354 1,194,647
Cumulative Change in WCR 11,066,639 11,904,993 13,099,640
WCR/SALES 1.152 1.126 1.127
 Year 4

13,475,297 0
594,083
573,502 0
0 0
14,642,882 0

0 0

0 0
0 0

14,642,882 0
1,543,242 -14,642,882
14,642,882 0
1.145 #DIV/0!
Designation Year 1 Year 2 Year 3
Sales revenue 115,308,000 126,838,800 139,522,680
Fixed costs 8,945,461 10,857,030 12,738,185
Taxes and duties 1,153,080 1,268,388 1,395,227
Personnel costs 3,305,625 3,668,438 3,851,859
general expenses 1,721,880 1,966,080 2,360,280
Financial expenses 1,136,209 696,791 244,819
Depreciation and amortization 1,628,667 3,257,333 4,886,000
Variable expenses 101,241,900 111,366,090 122,502,699
Raw materials 101,241,900 111,366,090 122,502,699
Secondary materials and ingredients 0 0 0
Consumables
Other consumables
Margin on variable costs 14,066,100 15,472,710 17,019,981
Margin rate on variable costs 12.20% 12.20% 12.20%
profitability threshold 73,331,144 89,001,388 104,422,307
Break-even point 229 253 269
 Year 4 Year 5
153474948 Err:509
16198853.48 Err:509
1,534,749 Err:509
6,882,024 6946908
2,754,480 Err:509
0 #REF!
5,027,600 Err:509
137507448.9 Err:509
134,752,969 Err:509
0 Err:509
2,754,480 Err:509
Err:509
15967499.1 Err:509
10% Err:509
155698658.878 Err:509
365.216068984 Err:509
 Financing Plan Table in FCFA
Designation Year 0 Year 1 Year 2 Year 3
1 Resources
Investment grant 0
Proceeds from disposal of fixed assets
Contribution in equity 9,475,319
associated current account
Bank loan 9,475,319
CASH FLOW 6,749,306 6,451,384 7,849,003
Total resources 18,950,639 6,749,306 6,451,384 7,849,003

2 uses
Investments 7,884,000 7,884,000 7,884,000 7,884,000
Change in WCR 11,066,639 838,354 1,194,647 1,543,242
Other miscellaneous uses 0
Loan amortization 3,158,440 3,158,440 3,158,440
Dividends 0 0 0
Total uses 18,950,639 11,880,794 12,237,087 12,585,682
Cash balance 0 -5,131,488 -5,785,703 -4,736,678
cumulative cash flow 0 -5,131,488 -10,917,191 -15,653,870

Investment to be realise Year 1 7,884,000

WCR 11,066,639
contingencies
Project cost 18,950,639
Year 4

6,718,094
6,718,094

0
0
0
6,718,094
-8,935,776
Designation Year 0 Year 1
Uses 18,950,639 8,722,354
Initial and renewal investment 7,884,000 7,884,000
Other miscellaneous uses 0
Change in WCR 11,066,639 838,354
Resources 18,950,639 6,749,306
CASH FLOW 0 6,749,306
Subsidy 0 0
own funds 9,475,319 0
residual value
Loan 9,475,319 0
Recovery of WCR 0 0
Net cash flow 0 -1,973,049
Year 2 Year 3 Year 4 Year 5
9,078,647 9,427,242 0 0
7,884,000 7,884,000

1,194,647 1,543,242 0 0
6,451,384 7,849,003 37,583,059 0
6,451,384 7,849,003 6,718,094 0
0 0
0 0
16,222,083
0 0 0 0
0 14,642,882 0
-2,627,263 -1,578,239 37,583,059 0
Designation Year 0 Year 1 Year 2
Initial and Renewal
Expenditures -18,950,639
FNT -18,950,639 -1,973,049 -2,627,263
(1+t) t=14% 1.14 1.14
Net CF discounted -1,730,744 -2,021,594
Net CF discounted cumulative -1,730,744 -3,752,338
NPV 1,599,251.51
IRR 12%
IP 1.08439037476368
ROI 3.94 3 ans 11 mois 8 jours

The IRR (12%) being lower than the NPV discount rate (14%), we
can conclude that the project is not profitable for the shareholders.
ROI (3.94) refers to a payback period of 3 years 11 months 8 days.
The Profitability Index is greater than 1 shows that the project is
profitable from a global point of view.
Year 3 Year 4 Year 5

-1,578,239 37,583,059
1.14 1.14 1
-1,065,266 25,367,495 0
-4,817,604 20,549,890 20,549,890
 TREASUR
Year 1 Month 1 Month 2 Month 3

OPENING BALANCE 4,133,278 -2,225,092

RECEIPTS 21,834,639 2,884,000 2,884,000

personal contribution 9,475,319

bank loan 9,475,319
grant 0
Product 1 864,000 864,000 864,000
Product 3 348,000 348,000 348,000
Product 1 592,000 592,000 592,000
Product 4 1,080,000 1,080,000 1,080,000
0
DISCLAIMERS 17,701,361 9,242,369 9,472,985

expenses direct operating expenses 8,436,825 8,436,825 8,436,825

Miscellaneous management expenses 516,564 172,188 172,188
investments 7,884,000
Taxes and duties 230,616 230,616
personnel expenses 275,469 275,469 275,469
Amortization of loans 263,203 263,203 263,203
financial expenses 94,684 94,684 94,684
dividend
MONTHLY CASH FLOW 4,133,278 -6,358,369 -6,588,985
CLOSING BALANCE 4,133,278 -2,225,092 -8,814,077
 TREASURY PLAN FCFA
Month 4 Month 5 Month 6 Month 7 Month 8 Month 9

-8,814,077 -15,172,446 -21,530,815 -28,119,800 -34,478,169 -41,067,155

2,884,000 2,884,000 2,884,000 2,884,000 2,884,000 2,884,000

864,000 864,000 864,000 864,000 864,000 864,000

348,000 348,000 348,000 348,000 348,000 348,000
592,000 592,000 592,000 592,000 592,000 592,000
1,080,000 1,080,000 1,080,000 1,080,000 1,080,000 1,080,000
- - - - -
9,242,369 9,242,369 9,472,985 9,242,369 9,472,985 9,242,369

8,436,825 8,436,825 8,436,825 8,436,825 8,436,825 8,436,825

172,188 172,188 172,188 172,188 172,188 172,188

230,616 230,616
275,469 275,469 275,469 275,469 275,469 275,469
263,203 263,203 263,203 263,203 263,203 263,203
94,684 94,684 94,684 94,684 94,684 94,684

-6,358,369 -6,358,369 -6,588,985 -6,358,369 -6,588,985 -6,358,369

-15,172,446 -21,530,815 -28,119,800 -34,478,169 -41,067,155 -47,425,524
Month 10 Month 11 Month 12

-47,425,524 -54,014,509 -60,372,878

2,884,000 2,884,000 2,884,000

864,000 864,000 864,000 10,368,000

348,000 348,000 348,000 4,176,000
592,000 592,000 592,000 4,736,000
1,080,000 1,080,000 1,080,000
- - - 19,280,000
9,472,985 9,242,369 9,242,369

8,436,825 8,436,825 8,436,825 101,241,900 #REF!

172,188 172,188 172,188 2,410,632
7,884,000
230,616 1,153,080
275,469 275,469 275,469 3,305,625
263,203 263,203 263,203 3,158,440
94,684 94,684 94,684 1,136,209
0 0
-6,588,985 -6,358,369 -6,358,369 120,289,886
-54,014,509 -60,372,878 -66,731,247
ASSETS LIABILITY
Elements amount Elements amount
1 fixed assets 7,884,000 4 shareholders' equity 9,475,319
intangible fixed assets - share capital 150,000
tangible fixed assets 7,884,000 grant -
capitalized expenses contribution own funds 9,325,319
retained earnings
5 liabilities MT 9,475,319
2 current assets 4,426,656 6 Current liabilities -
stock items 1,106,664 debts to suppliers -
food stocks 3,319,992 tax liabilities
receivables customers - social security liabilities
3 cash assets 6,639,983 7 cash liabilities -
cash 553,332 overdrafts
bank 6,086,651 Cash credit
investment title
other titles
TOTAL 18,950,639 TOTAL 18,950,639
 Analyse économique
Eléments
structure organisationnelle
les investissements
le marché
les produits mis sur le marché
localisation
statut juridique
les dirigeants
le personnel
réseautage
fournisseurs
la clientèle cible
Analyse de l'activité
Eléments
CA
VA

TMB

Var CA
Var VA
productivité du personnel
part charges du personnel dans la
VA

taux de marge brute d'exploitation

Analyse de la rentabilité

ratio charges financières

rentabilité commerciale

taux de marge nette d'exploitation

Var TMNe
rentabilité des capitaux propres
TIR
VAN
DDR
IP
Analyse de la structure financiè
 Analyse économique
observations

Analyse de l'activité
Année1 Année2 Année3 observations
115,308,000 126,838,800 139,522,680
12,344,220 13,506,630 14,659,701

Traduit la capacité de l'entreprise à créer de la richesse perme

12% 12% 12% couvrir ses charges d'exploitation il doit être sup à 20% dans l'ag
traduit l'evolution du CA et donc la performance commercia
10% 10% l'entreprise
9% 9% traduit le taux de croissance de l'entreprise d'une année à l'
3086055 3376657.5 3664925.25 traduit le taux de croissance de l'entreprise d'une année à l'

27% 27% 26% traduit la part de la VA consacrée à la remunération du perso

7% 7% 7% Traduit la capacité de l'entreprise à générer regulièrement de la

Analyse de la rentabilité
mesure la capacité de l'entreprise à faire face à ses charges finan
1% 1% 0% delà de 5% CA il est jugé par bon on dira que l'entreprise est dé
des financements extérieurs
mesure la capacité de l'entreprise à générer du résultat à partir
4% 3% 2% il doit être sup à 8%
mesure la rentabilité de l'entreprise il doit etre sup à 10% po
0 0 0 entreprise agribusiness
-0.1310373882375 0.1060351550738
54% #DIV/0! #DIV/0!
#DIV/0! #DIV/0! #DIV/0!
0% #DIV/0! #DIV/0!
#DIV/0! 0% 0%
0% 0% 0%
Analyse de la structure financière
 observations

'entreprise à créer de la richesse permettant de

loitation il doit être sup à 20% dans l'agribusiness
u CA et donc la performance commerciale de
l'entreprise
oissance de l'entreprise d'une année à l'autre
oissance de l'entreprise d'une année à l'autre

VA consacrée à la remunération du personnel

ntreprise à générer regulièrement de la trésorerie

ntreprise à faire face à ses charges financières au-

é par bon on dira que l'entreprise est dépendant
es financements extérieurs
ntreprise à générer du résultat à partir de son CA
il doit être sup à 8%
de l'entreprise il doit etre sup à 10% pour une
entreprise agribusiness