16-May-09 Zaoga Head Bulb 43.48 6.

52
16-May-09 Cash Sale Spark Plug 13.04 1.96
16-May-09 Cash Sale Brake Fluid 17.39 2.61
16-May-09 Cash Sale Conductor 52.17 7.83
16-May-09 Cash Sale Head Bulb 17.39 2.61
16-May-09 Cash Sale Petrol Filter 34.78 5.22

15-May-09 Cash Sale Brush Box $ 313.04 $ 46.96

15-May-09 Cash Sale Bendex $ 260.87 $ 39.13

17-May-09 Cash Sale Gearbox Oi 130.43 19.57

20-May-09 Cash Sale Brushes $ 147.83 $ 22.17
19-May-09 Cash Sale Reduction $ 173.91 $ 26.09

21-May-09 Cash Sale Engine Oil $ 173.91 $ 26.09

20-May-09 Cash Sale Super Glue $ 13.04 $ 1.96
20-May-09 Cash Sale Licence Ho $ 8.70 $ 1.30
20-May-09 Cash Sale Cables $ 130.43 $ 19.57
15-May-09 Cash Sale Battery Aci 43.48 6.52
15-May-09 Cash Sale Gearbox Oi 78.26 11.74
15-May-09 Cash Sale Brake Fluid 17.39 2.61
15-May-09 Cash Sale Fuse 8.70 1.30
27-May-09 Cash Sale Brake Fluid 17.39 2.61
27-May-09 Cash Sale Engine Cle 43.48 6.52
28-May-09 Cash Sale Grease 26.09 3.91
 50.00
15.00
20.00
60.00
20.00
40.00

360.00
300.00

150.00
170.00
200.00

200.00
15.00
10.00
150.00
50.00 $ -
90.00 $ -
20.00
10.00
20.00
50.00
30.00
 Cornsnacks Munchies Projected management accounts for period ending 31 August 2013

Cornsnacks Munchies
STATEMENT OF COMPREHENSIVE INCOME
FOR PERIOD ENDING 31 AUGUST 2013

Sep-12 Oct-12 Nov-12 Dec-12 Jan-13

US$ US$ US$ US$ US$
Revenue 20,000.00 37,500.00 20,000.00 37,500.00 37,500.00
Direct Costs 10,240.00 19,200.00 10,240.00 19,200.00 19,200.00
Gross profit 9,760.00 18,300.00 9,760.00 18,300.00 18,300.00

Expenses
Accounting 300.00 280.00 280.00 280.00 280.00
Bank Charges 214.00 214.00 214.00 214.00 214.00
Finance costs 687.50 672.26 656.83 641.21 625.39
Telephone 280.00 450.00 390.00 450.00 450.00
Cleaning & Canteen 83.00 123.00 125.00 125.00 125.00
Courier and postage 50.00 50.00 50.00 50.00 50.00
Generator 250.00 250.00 250.00 250.00 250.00
Motor vehicle expenses 238.40 238.40 238.40 238.40 238.40
Fuel & Oils 580.00 580.00 486.00 580.00 580.00
General Expenses 117.00 250.00 250.00 250.00 250.00
Insurance 150.00 150.00 150.00 150.00 150.00
Advertising 400.00 400.00 350.00 400.00 400.00
Salaries & Wages 1,300.00 1,300.00 2,900.00 2,900.00 2,900.00
Water and rates 180.00 180.00 180.00 180.00 180.00
Printing & Stationery 160.00 300.00 160.00 300.00 300.00
 Cornsnacks Munchies Projected management accounts for period ending 31 August 2013

Electricity 180.00 180.00 180.00 180.00 180.00

5,169.90 5,617.66 6,860.23 7,188.61 7,172.79

Net Profit before Tax 4,590.10 12,682.34 2,899.77 11,111.39 11,127.21

Taxation

Net Profit After Tax 4,590.10 12,682.34 2,899.77 11,111.39 11,127.21

 Cornsnacks Munchies Projected management accounts for period ending 31 August 2013

Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13

US$ US$ US$ US$ US$ US$ US$
20,000.00 37,500.00 37,500.00 37,500.00 20,000.00 37,500.00 37,500.00
10,240.00 19,200.00 19,200.00 19,200.00 10,240.00 19,200.00 19,200.00
9,760.00 18,300.00 18,300.00 18,300.00 9,760.00 18,300.00 18,300.00

280.00 280.00 280.00 ### 280.00 280.00 280.00

214.00 214.00 214.00 ### 214.00 214.00 214.00
609.38 593.16 576.74 560.12 543.29 526.25 509.00
450.00 450.00 450.00 ### 450.00 450.00 450.00
125.00 125.00 125.00 ### 125.00 125.00 125.00
50.00 50.00 50.00 ### 50.00 50.00 50.00
250.00 250.00 250.00 ### 250.00 250.00 250.00
238.40 238.40 238.40 238.40 238.40 238.40 238.40
580.00 580.00 580.00 ### 580.00 580.00 580.00
250.00 250.00 250.00 ### 250.00 250.00 250.00
150.00 150.00 150.00 ### 150.00 150.00 150.00
400.00 400.00 400.00 ### 400.00 400.00 400.00
2,900.00 2,900.00 2,900.00 2,900.00 2,900.00 2,900.00 2,900.00
180.00 180.00 180.00 ### 180.00 180.00 180.00
160.00 300.00 300.00 300.00 160.00 300.00 300.00
 Cornsnacks Munchies Projected management accounts for period ending 31 August 2013

180.00 180.00 180.00 ### 180.00 180.00 180.00

7,016.78 7,140.56 7,124.14 7,107.52 6,950.69 7,073.65 7,056.40

2,743.22 11,159.44 11,175.86 11,192.48 2,809.31 11,226.35 11,243.60

2,743.22 11,159.44 11,175.86 11,192.48 2,809.31 11,226.35 11,243.60

 Cornsnacks Munchies Projected management accounts for period ending 31 August 2013

TOTAL
US$
380,000.00
194,560.00
185,440.00

3,380.00
2,568.00
7,201.14
5,170.00
1,456.00
600.00
3,000.00
2,860.80
6,866.00
2,867.00
1,800.00
4,750.00
31,600.00
2,160.00
3,040.00
 Cornsnacks Munchies Projected management accounts for period ending 31 August 2013

2,160.00
81,478.94

103,961.06

26,769.97

77,191.09
 Cornsnacks Munchies Projected management accounts for period ending 31 August 2013

Cornsnacks Munchies
PROJECTED CASHFLOW STATEMENT
FOR PERIOD ENDING 31 AUGUST 2013
Sep-12 Oct-12
RECEIPTS US$ US$
Balance - 5,369.51
Sales 4,500.00 37,500.00
Loan 55,000.00 -
Total Receipts 59,500.00 42,869.51

PAYMENTS
Purchases 10,240.00 19,200.00
Equipment 35,000.00 -
545.00 Bank Charges 214.00 214.00
Finance costs 687.50 672.26
Loan reapyment 1,219.09 1,234.33
200.00 Accounting 300.00 280.00
### Bank Charges 214.00 214.00
230.00 Finance costs 687.50 672.26
50.00 Telephone 280.00 450.00
200.00 Cleaning & Canteen 83.00 123.00
Courier and postage 50.00 50.00
Generator 250.00 250.00
Motor vehicle expenses 238.40 238.40
 Cornsnacks Munchies Projected management accounts for period ending 31 August 2013

Fuel & Oils 580.00 580.00

General Expenses 117.00 250.00
Insurance 150.00 150.00
Advertising 400.00 400.00
Salaries & Wages 2,900.00 2,900.00
Water and rates 180.00 ###
Printing & Stationery 160.00 300.00
Electricity 180.00 180.00
Total Payments 54,130.49 28,538.25

Closing balance 5,369.51 14,331.25

593,670.83 562,090.36
 Cornsnacks Munchies Projected management accounts for period ending 31 August 2013

Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13

US$ US$ US$ US$ US$ US$
14,331.25 15,110.43 24,101.22 33,107.84 33,730.47 42,769.31
20,000.00 37,500.00 37,500.00 20,000.00 37,500.00 37,500.00
- ### - ### - ###
34,331.25 52,610.43 61,601.22 53,107.84 71,230.47 80,269.31

10,240.00 19,200.00 19,200.00 10,240.00 19,200.00 19,200.00

- ### - ### - ###
214.00 214.00 214.00 214.00 214.00 214.00
656.83 641.21 625.39 609.38 593.16 576.74
1,249.76 1,265.38 1,281.20 1,297.22 1,313.43 1,329.85
280.00 280.00 280.00 280.00 280.00 280.00
214.00 214.00 214.00 214.00 214.00 214.00
656.83 641.21 625.39 609.38 593.16 576.74
390.00 450.00 450.00 450.00 450.00 450.00
125.00 125.00 125.00 125.00 125.00 125.00
50.00 50.00 50.00 50.00 50.00 50.00
250.00 250.00 250.00 250.00 250.00 250.00
238.40 238.40 238.40 238.40 238.40 238.40
 Cornsnacks Munchies Projected management accounts for period ending 31 August 2013

486.00 580.00 580.00 580.00 580.00 580.00

250.00 250.00 250.00 250.00 250.00 250.00
150.00 150.00 150.00 150.00 150.00 150.00
350.00 400.00 400.00 400.00 400.00 400.00
2,900.00 2,900.00 2,900.00 2,900.00 2,900.00 2,900.00
180.00 180.00 180.00 180.00 180.00 180.00
160.00 300.00 300.00 160.00 300.00 300.00
180.00 180.00 180.00 180.00 180.00 180.00
19,220.83 28,509.20 28,493.39 19,377.37 28,461.16 28,444.74

15,110.43 24,101.22 33,107.84 33,730.47 42,769.31 51,824.57

531,237.25 501,084.52 470,651.95 435,502.97 405,574.99 374,249.12

 Cornsnacks Munchies Projected management accounts for period ending 31 August 2013

53,940.00 53,940.00 53,940.00

0.60 0.90
May-13 Jun-13 Jul-13 Aug-13 TOTAL
US$ US$ US$ US$ US$
51,824.57 60,896.46 61,585.17 70,690.93 -
37,500.00 20,000.00 37,500.00 37,500.00 364,500.00
- ### - ### 55,000.00
89,324.57 80,896.46 99,085.17 108,190.93 833,017.17

19,200.00 10,240.00 19,200.00 19,200.00 194,560.00

- ### - ### 35,000.00
214.00 214.00 214.00 214.00 2,568.00
560.12 543.29 526.25 509.00 7,201.14
1,346.47 1,363.30 1,380.34 1,397.60 15,677.98
280.00 280.00 280.00 280.00 3,380.00
214.00 214.00 214.00 214.00 2,568.00
560.12 543.29 526.25 509.00 7,201.14
450.00 450.00 450.00 450.00 5,170.00
125.00 125.00 125.00 125.00 1,456.00
50.00 50.00 50.00 50.00 600.00
250.00 250.00 250.00 250.00 3,000.00
238.40 238.40 238.40 238.40 2,860.80
 Cornsnacks Munchies Projected management accounts for period ending 31 August 2013

580.00 580.00 580.00 580.00 6,866.00

250.00 250.00 250.00 250.00 2,867.00
150.00 150.00 150.00 150.00 1,800.00
400.00 400.00 400.00 400.00 4,750.00
2,900.00 2,900.00 2,900.00 2,900.00 34,800.00
180.00 180.00 180.00 180.00 2,160.00
300.00 160.00 300.00 300.00 3,040.00
180.00 180.00 180.00 180.00 2,160.00
28,428.11 19,311.28 28,394.24 28,376.99 339,686.06

60,896.46 61,585.17 70,690.93 79,813.94 493,331.11

338,197.21 306,249.86 274,007.90 241,472.55 241,472.55

Cornsnacks Munchies Projected management accounts for period ending 31 August 2013

Cornsnacks
SCHEDULE OF CAPITAL REQUIREMENTS

Working Capital
Snack-Quip Hard extrusion Line 35,000.00
Working Capital 20,000.00
Total 55,000.00
 Cornsnacks Munchies Projected management accounts for period ending 31 August 2013

Cornsnacks Munchies
ANALYSIS OF REVENUE & COST DRIVERS
FOR PERIOD ENDING 31 AUGUST 2013

Sales Quantity (kgs) 8,000.00 15,000.00 8,000.00

Sep-12 Oct-12 Nov-12

$US $US $US
Sales 20,000.00 37,500.00 20,000.00

Costs
Maize 2,000.00 3,750.00 2,000.00
Cooking Oil 3,120.00 5,850.00 3,120.00
Seasoning 5,120.00 9,600.00 5,120.00
10,240.00 19,200.00 10,240.00

Possible Gross Profit 9,760.00 18,300.00 9,760.00

Overheads 5,169.90 5,617.66 6,860.23

Net Profit 4,590.10 12,682.34 2,899.77

Assumptions
1. We expect to sell minimum average of 8,000 monthly during school holidays and 15,000 units during school term
2. We have decided to use minimum sales for purposes of prudence
Cornsnacks Munchies Projected management accounts for period ending 31 August 2013
 Cornsnacks Munchies Projected management accounts for period ending 31 August 2013

15,000.00 ### 8,000.00 15,000.00 15,000.00 15,000.00

Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13

$US $US $US $US $US $US
37,500.00 37,500.00 20,000.00 37,500.00 37,500.00 37,500.00

3,750.00 3,750.00 2,000.00 3,750.00 3,750.00 3,750.00

5,850.00 5,850.00 3,120.00 5,850.00 5,850.00 5,850.00
9,600.00 9,600.00 5,120.00 9,600.00 9,600.00 9,600.00
19,200.00 19,200.00 10,240.00 19,200.00 19,200.00 19,200.00

18,300.00 18,300.00 9,760.00 18,300.00 18,300.00 18,300.00

7,188.61 7,172.79 7,016.78 7,140.56 7,124.14 7,107.52

11,111.39 11,127.21 2,743.22 11,159.44 11,175.86 11,192.48

5,000 units during school term

Cornsnacks Munchies Projected management accounts for period ending 31 August 2013
 Cornsnacks Munchies Projected management accounts for period ending 31 August 2013

8,000.00 15,000.00 15,000.00 152,000.00

Jun-13 Jul-13 Aug-13 TOTAL

$US $US $US $US
20,000.00 37,500.00 37,500.00 380,000.00

TOTAL
2,000.00 3,750.00 3,750.00 38,000.00
3,120.00 5,850.00 5,850.00 59,280.00
5,120.00 9,600.00 9,600.00 97,280.00
10,240.00 19,200.00 19,200.00 194,560.00

9,760.00 18,300.00 18,300.00 185,440.00

6,950.69 7,073.65 7,056.40 81,478.94

2,809.31 11,226.35 11,243.60 103,961.06

Cornsnacks Munchies Projected management accounts for period ending 31 August 2013
Cornsnacks Munchies Projected management accounts for period ending 31 August 2013

Cornsnacks Munchies
Composition per tonne of maize

Description Qty(Kgs) %age

Corn(maize) 885 77.36
Cooking Oil 195 17.05
Seasoning 64 5.59
Total Yield 1144 100.00

Staf Number Scale Total

Managing Director 1 650.00 650.00
Technical Director 1 650.00 650.00
Receptionist 1 450.00 450.00
Work Floor Assistants 2 350.00 700.00
Sales Represantatives 1 450.00 450.00
2,900.00

Cost Analysis Unit Price Quantity Total

Maize(tonne) 250 1 250.00
Cooking Oil(litre) 2 195 390.00
Seasoning/kg 10 64 640.00
1,280.00

Selling Price Per KG $ 2.50

Cornsnacks Munchies Projected management accounts for period ending 31 August 2013

Cornsnacks Munchies
ARMOTISATION SCHEDULE

Month Payment Interest Principal Balance

$55,000.00
1 1,906.59 687.50 1,219.09 53,780.91
2 1,906.59 672.26 1,234.33 52,546.58
3 1,906.59 656.83 1,249.76 51,296.81
4 1,906.59 641.21 1,265.38 50,031.43
5 1,906.59 625.39 1,281.20 48,750.23
6 1,906.59 609.38 1,297.22 47,453.02
7 1,906.59 593.16 1,313.43 46,139.59
8 1,906.59 576.74 1,329.85 44,809.74
9 1,906.59 560.12 1,346.47 43,463.27
10 1,906.59 543.29 1,363.30 42,099.96
11 1,906.59 526.25 1,380.34 40,719.62
12 1,906.59 509.00 1,397.60 39,322.02
 Inputs

Loan Amount $ 55,000

Annual Interest Rate 15.00%
Term of Loan in Years 3

Summary

Monthly Payment $1,906.59

# of Payments 36
Total Payment $68,637.35
Total Interest #N/A

Month Payment Interest Principal Balance Year

$55,000.00
1 1,906.59 687.50 1,219.09 53,780.91 1
2 1,906.59 672.26 1,234.33 52,546.58 2
3 1,906.59 656.83 1,249.76 51,296.81 3
4 1,906.59 641.21 1,265.38 50,031.43
5 1,906.59 625.39 1,281.20 48,750.23
6 1,906.59 609.38 1,297.22 47,453.02
7 1,906.59 593.16 1,313.43 46,139.59
8 1,906.59 576.74 1,329.85 44,809.74
9 1,906.59 560.12 1,346.47 43,463.27
10 1,906.59 543.29 1,363.30 42,099.96
11 1,906.59 526.25 1,380.34 40,719.62
12 1,906.59 509.00 1,397.60 39,322.02
13 1,906.59 491.53 1,415.07 37,906.95
14 1,906.59 473.84 1,432.76 36,474.20
15 1,906.59 455.93 1,450.67 35,023.53
16 1,906.59 437.79 1,468.80 33,554.73
17 1,906.59 419.43 1,487.16 32,067.58
18 1,906.59 400.84 1,505.75 30,561.83
19 1,906.59 382.02 1,524.57 29,037.26
20 1,906.59 362.97 1,543.63 27,493.63
21 1,906.59 343.67 1,562.92 25,930.71
22 1,906.59 324.13 1,582.46 24,348.25
23 1,906.59 304.35 1,602.24 22,746.01
24 1,906.59 284.33 1,622.27 21,123.74
25 1,906.59 264.05 1,642.55 19,481.19
26 1,906.59 243.51 1,663.08 17,818.11
27 1,906.59 222.73 1,683.87 16,134.25
28 1,906.59 201.68 1,704.91 14,429.33
29 1,906.59 180.37 1,726.23 12,703.11
30 1,906.59 158.79 1,747.80 10,955.30
31 1,906.59 136.94 1,769.65 9,185.65
32 1,906.59 114.82 1,791.77 7,393.88
33 1,906.59 92.42 1,814.17 5,579.71
34 1,906.59 69.75 1,836.85 3,742.86
35 1,906.59 46.79 1,859.81 1,883.05
36 1,906.59 23.54 1,883.05 0.00
37
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 Formula Help

PMT(r,N,L)
NPER(r,p,L)
CUMIPMT(r,N,L,1,n,0)
CUMPRINC(r,N,L,1,n,0)
NewBalance = L(1-((1+r)^n-1)/((1+r)^N

r : Monthly Interest Rate

n : Number of Months
N : Total Number of Months
L : Loan Amount
p : Monthly Payment

Note: CUMIPMT & CUMPRINC

require the Analysis ToolPak add-in
Cumulative Cumulative
Interest Principal Balance
$55,000.00
#N/A 39,322.02
#N/A #N/A 21,123.74
#N/A #N/A 0.00
#N/A #N/A
#N/A #N/A
#N/A #N/A
#N/A #N/A
#N/A #N/A
#N/A #N/A
#N/A #N/A
#N/A #N/A
#N/A #N/A
#N/A #N/A
#N/A #N/A
#N/A #N/A
#N/A #N/A
#N/A #N/A
#N/A #N/A
#N/A #N/A
#N/A #N/A
#N/A #N/A
#N/A #N/A
#N/A #N/A
#N/A #N/A
#N/A #N/A
#N/A #N/A
#N/A #N/A
#N/A #N/A
#N/A #N/A
#N/A #N/A
L(1-((1+r)^n-1)/((1+r)^N-1)

r of Months

& CUMPRINC
ysis ToolPak add-in