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Year 2022 2023 2024

Zamil Air Conditioner reported increasing revenue and net income over three years, with net income rising from $5,000 in 2022 to $7,625 in 2024. The company maintained stable operating expenses and interest expenses while showing growth in gross profit. Total assets also increased significantly from $515,000 in 2022 to $822,475 in 2024, indicating overall financial growth.

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28 views4 pages

Year 2022 2023 2024

Zamil Air Conditioner reported increasing revenue and net income over three years, with net income rising from $5,000 in 2022 to $7,625 in 2024. The company maintained stable operating expenses and interest expenses while showing growth in gross profit. Total assets also increased significantly from $515,000 in 2022 to $822,475 in 2024, indicating overall financial growth.

Uploaded by

rian.786outsourcing
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd

Zamil air conditioner

Income statement
For the 3 years ended
Year 2022 2023 2024
Revenue $ 1,000,000 $ 1,100,000 $ 1,210,000
Cost of Goods Sold $ 600,000 $ 660,000 $ 726,000
Gross Profit $ 400,000 $ 440,000 $ 484,000
Operating Expenses $ 250,000 $ 275,000 $ 302,500
Research and Development $ 50,000 $ 55,000 $ 60,500
Sales and Marketing $ 100,000 $ 110,000 $ 121,000
General and Administrative $ 100,000 $ 110,000 $ 121,000
Operating Income $ 150,000 $ 165,000 $ 181,500
Interest Expense $ 10,000 $ 10,000 $ 10,000
Net Income before Taxes $ 40,000 $ 45,000 $ 50,500
Taxes @25% $ 35,000 $ 38,750 $ 42,875
Net Income $ 5,000 $ 6,250 $ 7,625
Zamil air conditioner
Statement of cash flows
For the 3 years ended
Year 2022 2023 2024
Net Income $ 5,000 $ 6,250 $ 7,625
Depreciation & Amortization $ - $ - $ -
Changes in Working Capital $ - $ - $ -
Cash Flow from Operations $ 5,000 $ 6,250 $ 7,625
Cash Flow from Investing $ - $ - $ -
Cash Flow from Financing $ - $ - $ -
Net Cash Increase/(Decrease) $ 5,000 $ 6,250 $ 7,625
Cash Balance (Beginning) $ - $ 5,000 $ 11,250
Cash Balance (End) $ 5,000 $ 11,250 $ 18,875
Zamil air conditioner
Statement of cash flows
For the 3 years ended
Year 2022 2023 2024
Assets
Cash $ 100,000 $ 212,250 $ 338,225
Accounts Receivable $ 50,000 $ 55,000 $ 60,500
Inventory $ 75,000 $ 82,500 $ 90,750
Total Current Assets $ 225,000 $ 349,750 $ 489,475
Property, Plant, and Equipment $ 300,000 $ 330,000 $ 363,000
Less: Accumulated Depreciation $ (10,000) $ (20,000) $ (30,000)
Net Property, Plant, and Equipment $ 290,000 $ 310,000 $ 333,000
Total Assets $ 515,000 $ 659,750 $ 822,475
Liabilities and Equity
Accounts Payable $ 50,000 $ 55,000 $ 60,500
Short-term Debt $ - $ - $ -
Total Current Liabilities $ 50,000 $ 55,000 $ 60,500
Long-term Debt $ 150,000 $ 150,000 $ 150,000
Total Liabilities $ 200,000 $ 205,000 $ 210,500
Shareholder's Equity
Common Stock $ 100,000 $ 100,000 $ 100,000
Retained Earnings $ 215,000 $ 354,750 $ 511,975
Total Shareholder's Equity $ 315,000 $ 454,750 $ 611,975
Total Liabilities and Equity $ 515,000 $ 659,750 $ 822,475
Year 2022 2023 2024
Fixed Costs $ 200,000 $ 210,000 $ 220,000
Variable Costs $ 500,000 $ 550,000 $ 605,000
Total Costs $ 700,000 $ 760,000 $ 825,000
Contribution $ 10 $ 10 $ 10
Breakeven Sales Volume $ 70,000 $ 76,000 $ 82,500

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