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[Annual Report]
Our Company
Freegreen is a company which started in San Jose, United States of
America. We started in America because we saw that there are a lot of
people in the country with high education level and salary. Before we
started our company, we thought about the risk of our company failing
because the tax level is quite high and more population means more
competition against different companies, but if we are successful, we will
grow very quick, so we take the risk.
Our subdivisions are doing well. Our revenue and profit have
increased every quarter. At the end of quarter 4, our revenue was close to
USD 1 Million. We see this as a huge success. The main improvement comes
from the restaurant in Nigeria.
Quarter 4 Financial Performance
USD
1,200,000
1,000,000
800,000
600,000
400,000
200,000
0
Q2 Midpoint
Q2 End
Q3 Midpoint
Revenue
Expense
Q3 End
Profits
Q4 Midpoint
Q4 End
Current branches
Future plan
Equipment
7.1%
Cash
78.6%
Buildings
0.0%
Trade mark
0.1%
Our asset structure as of the date that this report is made (13 Dec 2016, 30 March in game).
Oysters
4.1%
Oysters
13.0%
Chocolate
69.8%
Spice
12.0%
Fish
2.5%
Natural
Coffee
etc. 1.3%
1.4%
Spice
93.5%
etc.
1.3%
Trainer
1.1%
Nigeria Store
Nigeria Store 2
Nigeria Restaurant
Nigeria Store
Nigeria Store 2
Nigeria Restaurant
USD
USD
850,000
1,200,000
750,000
1,000,000
650,000
800,000
550,000
450,000
600,000
350,000
400,000
250,000
200,000
150,000
50,000
(50,000)
USD
450,000
388,131
400,000
359,150
350,000
300,000
250,000
200,000
202,537
132,121
150,000
100,000
109,963
50,000
0
118,456
183,200
194,507
132,623
156,241
91,453
69,945
90,005
192,359
158,002
23,774
93,728
103,252
31,469
-28,451
-22,158
-50,000
Q1 End
Q2 Midpoint
Q2 End
Revenue
Q3 Midpoint
Expenses
Q3 End
Profit
Q4 Midpoint
Q4 End
Nigeria Restaurant
This is the restaurant we opened after Quarter 2 midpoint. We made
a great improvement to the restaurant and we think that this is the most
successful thing that we achieved in this year. We had a consistent profit
before in quarter 3. We saw that the amount of our customers are not
increasing at all so we decided to move to the city center and expand the
size of our restaurant. Surprisingly, the number of customers increased
from around 6 people to 37 per week in just 1-week time. This is the most
successful thing we achieved. Now, we are able to make even more profits
and we can use the money to invest more in other things and try out new
things to improve our company too.
Nigeria Restaurant
USD
Nigeria Restaurant
Popularity Growth
800000
700000
31.81
600000
Popularity Score
500000
400000
300000
200000
17.28
11.43
100000
9.62
0
Q2 End
Q3
Q3 End
Q4
Q4 End
Midpoint
Midpoint
Revenue
Expenses
Profit
3.5
Nigeria Store
This is the very first subdivision we opened in Nigeria excluding the
office. It is located in Abuja. We made consistent profits every week. The
peak point for our profit of this store is in quarter 3 midpoint then it started
to drop down. The reason that it dropped down because the products are
running out of stock and we cant find a manufacturer that sells those
products at reasonable prices. We are still trying to order more products
in. Though, the number of customers are growing.
Nigeria Store Financial Performance
210,000
187,860
160,000
133,611
110,000
87,520
72,540
60,000
10,000
70,140
32,837
32,542
Q1 End
65,860
32,627
30,659
Q2 Midpoint
33,928
25,709
Q2 End
Revenue
# of
Customers
250
34,682
43,879
35,203
Q3 Midpoint
Q3 End
Expenses
Profit
87,585
61,360
17,778
Q4 Midpoint
Popularity
Score
3.9
3.8
200
3.7
3.6
150
3.5
100
3.4
3.3
50
3.2
0
3.1
Q2 End
Q4 End
Q2 End
Q4 End
25,875
13,134
12,741
Q4 End
Nigeria Store 2
This store was doing really well, it had consistent profits and
revenues. Though, the numbers started to drop down because the products
are running out of stock and we are having the same issue as our other
Nigeria Store that we cannot find manufacturers that have a reasonable
price. We are trying our best to fix this problem.
Nigeria Store 2 Financial Performance
13,773
13,500
11,500
9,500
7,500
8,954
9,627
6,978
5,920
5,500
3,500
(500)
4,243
3,963
3,565
3,390
1,500
7,577
4,957
2,760
2,023
4,085
2,940
2,789
4,911
(237)
Q2 Midpoint
Q2 End
Q3 Midpoint
Revenue
Q3 End
Expenses
Q4 Midpoint
Profit
Q4 End
Nigeria Store
Nigeria Store 2
Nigeria
Restaurant
Total
Revenue
1,527,493
597,380
48,113
1,060,000
3,232,986
Expenses
827,874
199,796
19,712
49,519
1,096,901
699,619
397,584
28,401
1,010,481
2,136,085
Tax
274,638
56,690
4008
50,055
385,391
Net Income
424,980
340,894
24,393
960,426
1,750,693
In the first year, our net income is USD 1.7million representing 54%
of our total revenue. This is a very high number. We think that we are
doing well for the first year of our company. We believe that we can do
better and we will try to improve our company all the time.
Nutchanon
Charnwutiwong
Virtonomics
Report
(Nont)