Fin

Welcome!
This financial model template is designed to help entrepreneurs provide a simple view of the finan

This document is made up of two main parts: an editable INPUT section where all assumptions on
Statement, Balance Sheet, Cash flow and Financials Summary. The OUTPUT sections detail project

This document has been designed for simplicity and ease of use. You only need to input data into

Instructions
1. Fill your name, company name and Training ID in the fields below
2. Proceed to the ASSUMPTIONS tab and enter your business data/assumptions in the appropriate
3. Confirm the financials in the Cash flow, Balance Sheet and Income Statement tabs match your p
4. Save your document and upload to the portal along with your completed Business Plan for revie

Entrepreneur Name: suleman umar

Company Name: quality rice mill

Training ID: 49925

 Financial Model

a simple view of the financial projections for their business.

where all assumptions on costs, revenue, growth rates and financing structures are made, and four non-editable
PUT sections detail projections made from assumptions from the input sheet.

y need to input data into one tab - the ASSUMPTIONS tab - and the three financial statements and financial sum

ptions in the appropriate input cells.

tement tabs match your projections for your business. Adjust assumptions if required
ed Business Plan for review and approval for seed capital disbursement

suleman umar

quality rice mill

49925
nd four non-editable OUTPUT sections containing the Income

ts and financial summary will be automatically generated

Go to "ASSUMPTIONS" tab
 Assumptions
Assumptions unit Baseline
Provide the requested information for your business in each of the ten Assum

A. General
Income Statement Select your business country, business currency (local currency or US Dollar),

Business Country 37

Balance Sheet Business Currency 2

Business Products/Services
Product/Service 1 rice
Cash flow Statement Product/Service 2
Product/Service 3

Company tax rate % 5%

Summary Bank interest rate % 5%
Inflation rate % 12%
Depreciation rates
Building % 5%
Furniture % 15%
Equipment / Machinery % 25%
Vehicles % 20%
Installations % 10%

B. Growth Rates
Enter the expected yearly growth rates for your business below. You can use

Revenue
rice
Sales volume %
Price %
Product/Service 2
Sales volume %
Price %
Product/Service 3
 Sales volume %
Price %
Costs
Direct costs %
Salaries %
Rent %
Utilities* %
Marketing/Advertisement %
Administrative %
Maintenance %
Insurance %
Transport %
Subscription/Licenses %

Glossary
Utilities: covers costs for electricity, water, gas, internet and telephone usag

C. Startup Costs
Enter the costs you expect to incur in the process of setting up your business

Land ₦
Building / Civil Works ₦ 2,080,000.00
Furnitures and Fittings ₦
Equipment and Machinery ₦ 120,000.00
Vehicles ₦ 350,000.00
Installations (Internet, Utility, etc) ₦

Automatically compute the additional startup costs by selecting from the drop
Opening Inventory* ₦
Initial Working Capital* ₦
Contingency ₦

Total ₦

Glossary
Opening Inventory: allocation for purchase of initial stock of products for sa
Initial Working Capital: allocation for payments to vendors and employees

D. Headcount analysis
Enter the salary and number of employees you expect for each key business

Benefits* % of salary % 10.00

Senior Management (CEO, COO, CFO, etc)

Number of employees #
Base annual salary ₦ 2040000.00

Total Salaries & Benefits for Senior Management personnel

Business Development*
Number of employees (Mana #
Number of employees (Assoc #
Base annual salary (Manager ₦ 480000.00
Base annual salary (Associat ₦ 1820000.00

Total Salaries & Benefits for Business Development personnel

Sales/Customer Support
Number of employees (Mana #
Number of employees (Assoc #
Base annual salary (Manager ₦ 480000.00
Base annual salary (Associat ₦ 1820000.00

Total Salaries & Benefits for Sales/Customer Support personnel

Marketing
Number of employees (Mana #
Number of employees (Assoc #
Base annual salary (Manager ₦ 480000.00
Base annual salary (Associat ₦ 1820000.00

Total Salaries & Benefits for Marketing personnel

IT
Number of employees (Mana #
Number of employees (Deve #
Base annual salary (Manager ₦
Base annual salary (Develop ₦
Total Salaries & Benefits for IT personnel

Back office support (Legal, Finance, HR, Supply Chain, Administration

Number of employees (Mana #
Number of employees (Assoc #
Base annual salary (Manager ₦
Base annual salary (Associat ₦

Total Salaries & Benefits for back office support personnel

Operations support (Front Desk, Records, Fleet Management, Facility

Number of employees (Mana #
Number of employees (Assoc #
Base annual salary (Manager ₦
Base annual salary (Associat ₦

Total Salaries & Benefits for operations support personnel

Glossary
Benefits: other elements of the employee remuneration package expected t
Business Development: refers to personnel involved in consultations or ext
Some businesses allot this task to the Sales personnel: only businesses which

E. Operating Costs
Fill the following with data for your business. Note that not all fields may be re

Direct costs
Raw material ₦
Direct labor ₦
Factory overheads* ₦ 450,000.00
Inbound transport ₦

Fixed costs
Salaries and Wages ₦
Rent ₦
Utilities ₦
Marketing/Advertisement ₦
Administrative* ₦ 500,000.00
Maintenance ₦
Insurance ₦
Transport ₦
Subscription/Licenses ₦

Glossary
Direct costs: costs associated with input and labour required to develop you
Factory overheads: covers costs associated with manufacturing such as ele
Administrative: covers costs such as office consumables, travel, and expens

F. Revenue

rice
Base monthly sales volume # 9,500.00
Base product/service price ₦ 9,000,000.00

Seasonality estimates
Monthly revenue may vary due to seasonal trends (holidays, festivities, seaso

JAN FEB
Monthly sales volume 4750.00 4750.00
% of sales revenue realized 50% 50%
Reason for seasonality for Point of lay for Point of lay

60%
50%
40%
30%
20%
10%
0%
J AN FEB
* Future annual volume and price are
Annual sales volume # 57,000.00
Annual product/service price ₦ 9,000,000.00

Product/Service 2
Base monthly sales volume #
Base product/service price ₦

Seasonality estimates
Monthly revenue may vary due to seasonal trends (holidays, festivities, seaso
 JAN FEB
Monthly sales volume 0.00 0.00
% of sales revenue realized 100% 100%
Reason for seasonality

120%
100%
80%
60%
40%
20%
0%
J AN FEB
* Future annual volume and price are
Annual sales volume # -
Annual product/service price ₦ -

Product/Service 3
Base monthly sales volume #
Base product/service price ₦

Seasonality estimates
Monthly revenue may vary due to seasonal trends (holidays, festivities, seaso

JAN FEB
Monthly sales volume 0.00 0.00
% of sales revenue realized 100% 100%
Reason for seasonality

120%
100%
80%
60%
40%
20%
0%
J AN FEB
* Future annual volume and price are
Annual sales volume # -
Annual product/service price ₦ -
G. Working Capital

Working capital is an estimate of the amount of cash your business requires t

long it takes your business to turn over inventory, and how long you can affor
Provide realistic estimates based on the peculiarities of your local economy an

Receivable Days* days 7

Payable Days* days 7
Inventory Days* days 14

Glossary
Receivable Days: average number of days customers take to pay your busin
Payable Days: average number of days that your company takes to pay its s
Inventory Days: average number of days required for your business to sell o

H. Startup Financing
To start your business, you need cash. Estimate what proportion of your start

Personal savings (Owner's Capital) % 20%

Grants* % 50%
Equity* % 30%
Debt* % 0%
100%

Glossary
Grants: money provided as gifts or donations, with no conditions of payback
Equity: money given to the business by venture capitalists or other sources i
Debt: money borrowed from a bank or other lending institution that must be

I. Equity Financing
Additional financing may be required during the course of running a business
Use the table below to estimate how much equity you will need to source in th
fill if applicable

Equity Injection ₦
Opening Balance ₦
Closing Balance ₦

J. Debt Financing

Additional financing may be required during the course of running a business

Use the table below to estimate how much debt you will need to source in the
in the first one (Debt Facility 1) has been automatically computed based on y
Debt Facility 1
Year loan will be borrowed year
Amount to be borrowed ₦ -
Repayment period years
Loan end years 0

Debt Facility 2
Year loan will be borrowed year
Amount to be borrowed ₦
Repayment period years
Loan end years 0

Debt Facility 3
Year loan will be borrowed year
Amount to be borrowed ₦
Repayment period years
Loan end years 0

Schedules
The schedules below are automatically computed from the data provided in th

Debt Amortization Schedule (straight-line)

Year of operation

Debt Facility 1
Opening ₦
Addition ₦
Principal Repayment ₦
Closing ₦
Interest Expense ₦
Total Debt Service ₦

Debt Facility 2
Opening ₦
Addition ₦
Principal Repayment ₦
Closing ₦
 Interest Expense ₦
Total Debt Service ₦

Debt Facility 3
Opening ₦
Addition ₦
Principal Repayment ₦
Closing ₦
Interest Expense ₦
Total Debt Service ₦

Annual Debt
Total Loan Taken ₦
Total Loan Repayment ₦
Total Interest Expense ₦
Total Loan Balance ₦

Working Capital Schedule

Days Receivable ₦
Inventory ₦
Days Payable ₦
Net Working Capital ₦
Change in Net Working Ca ₦

PPE & Depreciation Schedule

Year of operation

Cost
Opening
Land ₦
Building ₦
Furnitures and Fittings ₦
Equipment and Machinery ₦
Vehicles ₦
Installations ₦
Total ₦
Additions
 Land ₦
Building ₦
Furnitures and Fittings ₦
Equipment and Machinery ₦
Vehicles ₦
Installations ₦
Total ₦
Closing
Land ₦
Building ₦
Furnitures and Fittings ₦
Equipment and Machinery ₦
Vehicles ₦
Installations ₦
Total ₦
Accumulated Depreciation
Opening
Land ₦
Building ₦
Furnitures and Fittings ₦
Equipment and Machinery ₦
Vehicles ₦
Installations ₦
Total ₦
Charge for the Year
Land ₦
Building ₦
Furnitures and Fittings ₦
Equipment and Machinery ₦
Vehicles ₦
Installations ₦
Total ₦
Closing
Land ₦
Building ₦
Furnitures and Fittings ₦
Equipment and Machinery ₦
Vehicles ₦
Installations ₦
Total ₦
Net Book Value
Land ₦
Building ₦
Furnitures and Fittings ₦
Equipment and Machinery ₦
Vehicles ₦
Installations ₦
Total ₦
 Input data in cells colored like this
These cells contain formula, so they will be automatically updated. Don't input data in th

Year 1 Year 2 Year 3 Year 4 Year 5

h of the ten Assumption sections below. Terms with an asterisk in front of them are defined in the section gloss

ency or US Dollar), and list the names/descriptions of your business offerings below. Also, input the applicable t

rice

below. You can use the growth rates to demonstrate projected expansion plans for your business

10% 10% 10% 10% 10%

20% 20% 20% 20% 20%

10% 10% 10% 10% 10%

20% 20% 20% 20% 20%
 10% 10% 10% 10% 10%
20% 20% 20% 20% 20%

2% 2% 2% 2% 2%
5% 5% 5% 5% 5%
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% 2% 2% 2% 2%

and telephone usage

g up your business below. Note that not all costs may be relevant to your business, so only fill where necessary
* Re-purchase of CAPEX costs automatically compute in the year after assets reach salvage value of 0, at compounded inflation rate
- - - - -
2,080,000.00 - - - -
- - - - -
120,000.00 - - 188,822.32 -
350,000.00 - - - 616,819.59
- - - - -

ecting from the drop-down menus to the right:

191,250.00
482,145,000.00
48,488,625.00 10% of total startup cost

2,550,000.00 - - 188,822.32 616,819.59

k of products for sale or services to be delivered in the first few months of operating the business
ors and employees in the first few months of operating the business
each key business function. Note that not all headcount groups may be relevant to your own business, so only fi

* Future salary costs are automatically computed from annual growth rates entered in Section B above
1.00 1.00 1.00 1.00 1.00
2142000.00 2249100.00 2361555.00 2479632.75 2603614.39

23562000.00 24740100.00 25977105.00 27275960.25 28639758.26

1.00 1.00 1.00 1.00 1.00

7.00 0.00 0.00 0.00 0.00
504000.00 529200.00 555660.00 583443.00 612615.15
1911000.00 2006550.00 2106877.50 2212221.38 2322832.44

152691000.00 5821200.00 6112260.00 6417873.00 6738766.65

1.00 1.00 1.00 1.00 1.00

7.00 0.00 0.00 0.00 0.00
504000.00 529200.00 555660.00 583443.00 612615.15
1911000.00 2006550.00 2106877.50 2212221.38 2322832.44

152691000.00 5821200.00 6112260.00 6417873.00 6738766.65

1.00 1.00 1.00 1.00 1.00

7.00 0.00 0.00 0.00 0.00
504000.00 529200.00 555660.00 583443.00 612615.15
1911000.00 2006550.00 2106877.50 2212221.38 2322832.44

152691000.00 5821200.00 6112260.00 6417873.00 6738766.65

1.00 1.00 1.00 1.00 1.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00
 0.00 0.00 0.00 0.00 0.00

in, Administration)
1.00 1.00 1.00 1.00 1.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

nagement, Facility Management, Catering, etc)

1.00 1.00 1.00 1.00 1.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

package expected to cover medical insurance, allowances, pension, training and development, etc
consultations or extensive engagement with customers to identify the best-fit product or service, before sales c
y businesses which consider this a separate responsibility from Sales need to fill this section

all fields may be relevant for your business, so fill as required.

* Future direct and fixed costs are automatically computed from annual growth rates entered in Section B above
- - - - -
- - - - -
459,000.00 468,180.00 477,543.60 487,094.47 496,836.36
- - - - -

481,635,000.00 42,203,700.00 44,313,885.00 46,529,579.25 48,856,058.21

- - - - -
- - - - -
- - - - -
510,000.00 520,200.00 530,604.00 541,216.08 552,040.40
- - - - -
 - - - - -
- - - - -
- - - - -

ired to develop your product or service

acturing such as electricity and rent for the factory, maintenance and insurance costs for factory equipment, etc
, travel, and expenses associated with legal and accounting activities

ys, festivities, seasonal discounts & promos, off-peak seasons, etc.) Account for monthly spikes or slumps in you

MAR APR MAY JUN JUL

4750.00 4750.00 4750.00 4750.00 4750.00
50% 50% 50% 50% 50%
for Point of lay for Point of lay for Point of lay for Point of lay for Point of lay

Seasonality Trend

FEB
nual volume and price are M AR
automatically AP R
computed from annual growth ratesMentered
AY J UN
in Section B above JUL A

62,700.00 68,970.00 75,867.00 83,453.70 91,799.07

10,800,000.00 12,960,000.00 15,552,000.00 18,662,400.00 22,394,880.00

ys, festivities, seasonal discounts & promos, off-peak seasons, etc.) Account for monthly spikes or slumps in you
 MAR APR MAY JUN JUL
0.00 0.00 0.00 0.00 0.00
100% 100% 100% 100% 100%

Seasonality Trend

FEB MAR AP R MAY JUN JUL AU

nual volume and price are automatically computed from annual growth rates entered in Section B above
- - - - -
- - - - -

ys, festivities, seasonal discounts & promos, off-peak seasons, etc.) Account for monthly spikes or slumps in you

MAR APR MAY JUN JUL

0.00 0.00 0.00 0.00 0.00
100% 100% 100% 100% 100%

Seasonality Trend

FEB MAR AP R MAY JUN JUL AU

nual volume and price are automatically computed from annual growth rates entered in Section B above
- - - - -
- - - - -
 business requires to fund day-to-day operations. Availability of working capital depends on how fast you can co
w long you can afford to wait till you pay your vendors/suppliers.
ur local economy and business industry for these below:

ke to pay your business for services rendered

ny takes to pay its suppliers
ur business to sell one batch of inventory

ortion of your startup costs will be sourced from the various financing sources provided below. Ensure all perce

nditions of payback or part ownership of business. They may come from friends, family or other sources
s or other sources in exchange for part ownership/shares in the business
ution that must be paid back with interest at a future date

running a business, to address foreseeable cash shortage or to finance business expansion efforts.
need to source in the 2nd - 10th year of business operations to ensure adequate cash for operations. You may d

765,000.00
765,000.00 765,000.00 765,000.00 765,000.00
765,000.00 765,000.00 765,000.00 765,000.00 765,000.00

running a business, to address foreseeable cash shortage or to finance business expansion efforts.
eed to source in the 2nd - 10th year of business operations to ensure adequate cash for operations. Each debt f
mputed based on your entry in Section H. You may decide not to take out any loans, so only fill if applicable:
 You have already selected this year for a debt facility

You have already selected this year for a debt facility

data provided in the Assumptions section above. Do not edit any of the cells below

1 2 3 4 5

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00

### ### ### ### ###

17,605.48 17,957.59 18,316.74 18,683.08 19,056.74
9,246,616.44 819,362.47 860,031.30 902,727.58 947,552.58
### ### ### ### ###
### ### ### ### ###

1 2 3 4 5

- - - - -
- 2,080,000.00 2,080,000.00 2,080,000.00 2,080,000.00
- - - - -
- 120,000.00 120,000.00 120,000.00 308,822.32
- 350,000.00 350,000.00 350,000.00 350,000.00
- - - - -
- 2,550,000.00 2,550,000.00 2,550,000.00 2,738,822.32
 - - - - -
2,080,000.00 - - - -
- - - - -
120,000.00 - - 188,822.32 -
350,000.00 - - - 616,819.59
- - - - -
2,550,000.00 - - 188,822.32 616,819.59

- - - - -
2,080,000.00 2,080,000.00 2,080,000.00 2,080,000.00 2,080,000.00
- - - - -
120,000.00 120,000.00 120,000.00 308,822.32 308,822.32
350,000.00 350,000.00 350,000.00 350,000.00 966,819.59
- - - - -
2,550,000.00 2,550,000.00 2,550,000.00 2,738,822.32 3,355,641.91

- - - - -
- 104,000.00 208,000.00 312,000.00 416,000.00
- - - - -
- 30,000.00 60,000.00 90,000.00 167,205.58
- 70,000.00 140,000.00 210,000.00 280,000.00
- - - - -
- 204,000.00 408,000.00 612,000.00 863,205.58

- - - - -
104,000.00 104,000.00 104,000.00 104,000.00 104,000.00
- - - - -
30,000.00 30,000.00 30,000.00 77,205.58 77,205.58
70,000.00 70,000.00 70,000.00 70,000.00 193,363.92
- - - - -
204,000.00 204,000.00 204,000.00 251,205.58 374,569.50

- - - - -
104,000.00 208,000.00 312,000.00 416,000.00 520,000.00
- - - - -
30,000.00 60,000.00 90,000.00 167,205.58 244,411.16
70,000.00 140,000.00 210,000.00 280,000.00 473,363.92
- - - - -
204,000.00 408,000.00 612,000.00 863,205.58 1,237,775.08
 - - - - -
1,976,000.00 1,872,000.00 1,768,000.00 1,664,000.00 1,560,000.00
- - - - -
90,000.00 60,000.00 30,000.00 141,616.74 64,411.16
280,000.00 210,000.00 140,000.00 70,000.00 493,455.67
- - - - -
2,346,000.00 2,142,000.00 1,938,000.00 1,875,616.74 2,117,866.83
d. Don't input data in them

Year 6 Year 7 Year 8 Year 9 Year 10

d in the section glossary at the end of each section

input the applicable tax, interest and inflation rates for your country, and depreciation rates for your business a

10% 10% 10% 10% 10%

20% 20% 20% 20% 20%

10% 10% 10% 10% 10%

20% 20% 20% 20% 20%
 10% 10% 10% 10% 10%
20% 20% 20% 20% 20%

2% 2% 2% 2% 2%
5% 5% 5% 5% 5%
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% 2% 2% 2% 2%

y fill where necessary

ounded inflation rate
- - - - -
- - - - -
- - - - -
- - 297,115.58 - -
- - - - 1,087,046.87
- - - - -

- - 297,115.58 - 1,087,046.87
wn business, so only fill if necessary.

1.00 1.00 1.00 1.00 1.00

2733795.11 2870484.86 3014009.11 3164709.56 3322945.04

30071746.18 31575333.48 33154100.16 34811805.17 36552395.42

1.00 1.00 1.00 1.00 1.00

0.00 0.00 0.00 0.00 0.00
643245.91 675408.20 709178.61 744637.54 781869.42
2438974.07 2560922.77 2688968.91 2823417.35 2964588.22

7075704.98 7429490.23 7800964.74 8191012.98 8600563.63

1.00 1.00 1.00 1.00 1.00

0.00 0.00 0.00 0.00 0.00
643245.91 675408.20 709178.61 744637.54 781869.42
2438974.07 2560922.77 2688968.91 2823417.35 2964588.22

7075704.98 7429490.23 7800964.74 8191012.98 8600563.63

1.00 1.00 1.00 1.00 1.00

0.00 0.00 0.00 0.00 0.00
643245.91 675408.20 709178.61 744637.54 781869.42
2438974.07 2560922.77 2688968.91 2823417.35 2964588.22

7075704.98 7429490.23 7800964.74 8191012.98 8600563.63

1.00 1.00 1.00 1.00 1.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00
 0.00 0.00 0.00 0.00 0.00

1.00 1.00 1.00 1.00 1.00

0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

1.00 1.00 1.00 1.00 1.00

0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

ervice, before sales can be made.

on

- - - - -
- - - - -
506,773.09 516,908.55 527,246.72 537,791.66 548,547.49
- - - - -

51,298,861.12 53,863,804.18 56,556,994.39 59,384,844.11 62,354,086.31

- - - - -
- - - - -
- - - - -
563,081.21 574,342.83 585,829.69 597,546.28 609,497.21
- - - - -
 - - - - -
- - - - -
- - - - -

actory equipment, etc

ikes or slumps in your forecasted sales using the model below:

AUG SEP OCT NOV DEC

4750.00 4750.00 4750.00 4750.00 4750.00
50% 50% 50% 50% 50%
for Point of lay for Point of lay for Point of lay for Point of lay for Point of lay

end

JUL AUG SEP OCT NOV DEC

100,978.98 111,076.87 122,184.56 134,403.02 147,843.32

26,873,856.00 32,248,627.20 38,698,352.64 46,438,023.17 55,725,627.80

ikes or slumps in your forecasted sales using the model below:

 AUG SEP OCT NOV DEC
0.00 0.00 0.00 0.00 0.00
100% 100% 100% 100% 100%

end

JUL AUG SEP OC T N OV D EC

- - - - -
- - - - -

ikes or slumps in your forecasted sales using the model below:

AUG SEP OCT NOV DEC

0.00 0.00 0.00 0.00 0.00
100% 100% 100% 100% 100%

end

JUL AUG SEP OC T N OV D EC

- - - - -
- - - - -
n how fast you can collect cash from your customers after providing goods/services to them, how

low. Ensure all percentages add up to exactly 100% to adequately account for financing needs:

ther sources

n efforts.
operations. You may decide to not source for additional equity if you have sufficient cash, so only

765,000.00 765,000.00 765,000.00 765,000.00 765,000.00

765,000.00 765,000.00 765,000.00 765,000.00 765,000.00

n efforts.
erations. Each debt facility represents a new loan to be incurred, and the amount to be borrowed
y fill if applicable:
 6 7 8 9 10

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00

### ### ### ### ###

19,437.87 19,826.63 20,223.16 20,627.63 21,040.18
994,612.59 1,044,019.26 1,095,889.78 1,150,347.21 1,207,520.78
### ### ### ### ###
### ### ### ### ###

6 7 8 9 10

- - - - -
2,080,000.00 2,080,000.00 2,080,000.00 2,080,000.00 2,080,000.00
- - - - -
308,822.32 308,822.32 308,822.32 605,937.90 605,937.90
966,819.59 966,819.59 966,819.59 966,819.59 966,819.59
- - - - -
3,355,641.91 3,355,641.91 3,355,641.91 3,652,757.49 3,652,757.49
 - - - - -
- - - - -
- - - - -
- - 297,115.58 - -
- - - - 1,087,046.87
- - - - -
- - 297,115.58 - 1,087,046.87

- - - - -
2,080,000.00 2,080,000.00 2,080,000.00 2,080,000.00 2,080,000.00
- - - - -
308,822.32 308,822.32 605,937.90 605,937.90 605,937.90
966,819.59 966,819.59 966,819.59 966,819.59 2,053,866.46
- - - - -
3,355,641.91 3,355,641.91 3,652,757.49 3,652,757.49 4,739,804.37

- - - - -
520,000.00 624,000.00 728,000.00 832,000.00 936,000.00
- - - - -
244,411.16 321,616.74 398,822.32 550,306.80 701,791.28
473,363.92 666,727.84 860,091.75 1,053,455.67 1,246,819.59
- - - - -
1,237,775.08 1,612,344.58 1,986,914.08 2,435,762.47 2,884,610.86

- - - - -
104,000.00 104,000.00 104,000.00 104,000.00 104,000.00
- - - - -
77,205.58 77,205.58 151,484.48 151,484.48 151,484.48
193,363.92 193,363.92 193,363.92 193,363.92 410,773.29
- - - - -
374,569.50 374,569.50 448,848.39 448,848.39 666,257.77

- - - - -
624,000.00 728,000.00 832,000.00 936,000.00 1,040,000.00
- - - - -
321,616.74 398,822.32 550,306.80 701,791.28 853,275.75
666,727.84 860,091.75 1,053,455.67 1,246,819.59 1,657,592.88
- - - - -
1,612,344.58 1,986,914.08 2,435,762.47 2,884,610.86 3,550,868.63
 - - - - -
1,456,000.00 1,352,000.00 1,248,000.00 1,144,000.00 1,040,000.00
- - - - -
(12,794.42) (90,000.00) 55,631.11 (95,853.37) (247,337.85)
300,091.75 106,727.84 (86,636.08) (280,000.00) 396,273.58
- - - - -
1,743,297.33 1,368,727.84 1,216,995.02 768,146.63 1,188,935.73
es for your business assets
 Income Statement
All figures expressed in thousands
Assumptions unit Year 1
'000
Revenue
rice ₦ 677,160,000
Income Statement Product/Service 2 ₦ -
Product/Service 3 ₦ -
Total Revenue ₦ 677,160,000
Direct Costs ₦ 459
Balance Sheet Gross Profit ₦ 677,159,541
677,159,541
Salaries and Wages ₦ 481,635
Rent ₦ -
Cash flow Statement Utilities ₦ -
Marketing/Advertisement ₦ -
Administrative ₦ 510
Maintenance ₦ -
Summary Insurance ₦ -
Transport ₦ -
Subscription/Licenses ₦ -
Depreciation ₦ 204
Operating Profit ₦ 676,677,192

Interest Expense ₦ -
Profit Before Tax ₦ 676,677,192
Taxation ₦ 33,833,860
Profit After Tax/Net Income ₦ 642,843,332
 Year 1
Revenu ###
Expens 482,808,000
Net in ###
OFFSET Year 4

Revenue ###
Cost of ###
Selling, ###
Interest ###
Taxes ###
Net inc 47,322,000.91
 Year 2 Year 3 Year 4 Year 5 Year 6
'000 '000 '000 '000 '000

893,851,200 1,179,883,584 1,557,446,331 2,055,829,157 2,713,694,487

- - - - -
- - - - -
893,851,200 ### ### ### ###
468 478 487 497 507
893,850,732 ### ### ### ###

42,204 44,314 46,530 48,856 51,299

- - - - -
- - - - -
- - - - -
520 531 541 552 563
- - - - -
- - - - -
- - - - -
- - - - -
204 204 251 375 375
893,807,804 ### ### ### ###

- - - - -
893,807,804 1,179,838,058 1,557,398,522 2,055,778,877 2,713,641,744
44,690,390 58,991,903 77,869,926 102,788,944 135,682,087
849,117,414 ### ### ### ###
Year 2 Year 3 Year 4 Year 5 Year 6
### ### ### ### ###
43,396,080 45,526,033 47,809,095 50,279,504 52,743,285
### ### ### ### ###
 - -
487,094.47 -
- 487,094.47
- 487,094.47
77,869,926,089.23 487,094.47
### 77,870,413,183.70
 Year 7 Year 8 Year 9 Year 10
'000 '000 '000 '000

3,582,076,723 4,728,341,274 6,241,410,482 8,238,661,836

- - - -
- - - -
### ### ### ###
517 527 538 549
### ### ### ###

53,864 56,557 59,385 62,354

- - - -
- - - -
- - - -
574 586 598 609
- - - -
- - - -
- - - -
- - - -
375 449 449 666
### ### ### ###

- - - -
3,582,021,393 4,728,283,155 6,241,349,513 8,238,597,657
179,101,070 236,414,158 312,067,476 411,929,883
### ### ### ###
Year 7 Year 8 Year 9 Year 10
### ### ### ###
55,329,625 58,118,919 60,969,030 64,178,389
### ### ### ###
 Balance Sheet
All figures expressed in thousands
Assumptions unit Year 1
'000
Assets
Current Assets
Income Statement Cash & cash equivalents ₦ 663,698,210
Accounts Receivable ₦ 12,986,630
Inventory ₦ 18
Total ₦ 676,684,858
Balance Sheet Non-Current Assets
Property, Plant and Equipment ₦ 2,346
Total Assets ₦ 676,687,204

Cash flow Statement Liabilities and Equity

Liabilities
Accounts Payable ₦ 9,247
Tax Payable ₦
Summary Total ₦ 9,247
Non-Current Liabilities
Long Term Loan ₦ -
Shareholder's Equity
Investment Capital ₦ 765
Retained Earning ₦ 676,677,192
Total ₦ 676,677,957
Total Liabilities & Equity ₦ 676,687,204
 Year 2 Year 3 Year 4 Year 5 Year 6
'000 '000 '000 '000 '000

1,553,342,069 2,727,694,818 4,277,852,515 6,324,073,168 9,025,098,738

17,142,352 22,627,904 29,868,834 39,426,861 52,043,456
18 18 19 19 19
1,570,484,438 2,750,322,741 4,307,721,368 6,363,500,048 9,077,142,213

2,142 1,938 1,876 2,118 1,743

### ### ### ### ###

819 860 903 948 995

819 860 903 948 995

- - - - -

765 765 765 765 765

1,570,484,996 2,750,323,054 4,307,721,576 6,363,500,453 9,077,142,197
1,570,485,761 2,750,323,819 4,307,722,341 6,363,501,218 9,077,142,962
### ### ### ### ###
 Year 7 Year 8 Year 9 Year 10
'000 '000 '000 '000

### ### ### ###

68,697,362 90,680,518 119,698,283 158,001,734
20 20 21 21
### ### ### ###

1,369 1,217 768 1,189

### ### ### ###

1,044 1,096 1,150 1,208

1,044 1,096 1,150 1,208

- - - -

765 765 765 765

### ### ### ###
### ### ### ###
### ### ### ###
 Cash flow Statement
All figures expressed in thousands
Assumptions unit Year 1
'000
Operating Activities
Net Earnings ₦ 642,843,332
Income Statement Plus: Taxation ₦ 33,833,860
Plus: Interest Expense ₦ -
Plus: Depreciation ₦ 204
Minus: Changes in Working Capita ₦ (12,977,401)
Balance Sheet Net Operating Cashflow ₦ 663,699,995

Investing Activities
Cash flow Statement Purchase of CAPEX ₦ (2,550)
Net Investing Cashflow ₦ (2,550)

Financing Activities
Summary Equity injection ₦ 765
Loan taken ₦ -
Loan repayment ₦ -
Loan interest ₦ -
Net Financing Cashflow ₦ 765

Cash Generated During the Year ₦ 663,698,210

Cash at Beginning of Year ₦
Cash at the End of Year ₦ 663,698,210
 Year 0 Year 1
Cash flow ### ###
 Year 2 Year 3 Year 4 Year 5 Year 6
'000 '000 '000 '000 '000

849,117,414 1,120,846,155 1,479,528,596 1,952,989,933 2,577,959,656

44,690,390 58,991,903 77,869,926 102,788,944 135,682,087
- - - - -
204 204 251 375 375
(4,164,149) (5,485,512) (7,240,887) (9,557,982) (12,616,549)
889,643,859 ### ### ### ###

- - (189) (617) -
- - (189) (617) -

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

889,643,859 1,174,352,750 1,550,157,697 2,046,220,653 2,701,025,570

663,698,210 1,553,342,069 2,727,694,818 4,277,852,515 6,324,073,168
### ### ### ### ###
Year 2 Year 3 Year 4 Year 5 Year 6
### ### ### ### ###
 Year 7 Year 8 Year 9 Year 10
'000 '000 '000 '000

3,402,920,323 4,491,868,997 5,929,282,037 7,826,667,775

179,101,070 236,414,158 312,067,476 411,929,883
- - - -
375 449 449 666
(16,653,857) (21,983,104) (29,017,712) (38,303,394)
### ### ### ###

- (297) - (1,087)
- (297) - (1,087)

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

3,565,367,911 4,706,300,203 6,212,332,250 8,200,293,843

9,025,098,738 ### ### ###
### ### ### ###
Year 7 Year 8 Year 9 Year 10
### ### ### ###
 Financials
Profile Summary
Assumptions

Annual projections

Income Statement Annual P/L Waterfall

Chart
1,800,000,000,000.00
Year 1
1,600,000,000,000.00
Year 2 1,400,000,000,000.00
Balance Sheet 1,200,000,000,000.00
Year 3
1,000,000,000,000.00
● Year 4 800,000,000,000.00
600,000,000,000.00
Year 5
400,000,000,000.00
Cash flow Statement Year 6 200,000,000,000.00
-
Year 7

Taxes
Revenue

Net income
Selling, General a...
Cost of Goods Sold

Interest Expenses
Year 8

Summary Year 9

Year 10
 10-year P/L Chart
9,000,000,000,000
8,000,000,000,000
7,000,000,000,000
6,000,000,000,000
5,000,000,000,000
4,000,000,000,000
3,000,000,000,000
2,000,000,000,000
Taxes

Net income
Interest Expenses

1,000,000,000,000
-
Year 1

Year 2

Year 3

Year 4

Year 5

Year 6

Year 7

Year 8

Year 9

Year 10
Revenue Expenses Net income
 10-year Cashflow Chart

900000000...

800000000...

700000000...

600000000...

500000000...

400000000...

300000000...

200000000...
Year 9

Year 10

100000000...

0
Yea

Yea

Yea

Yea

Yea

Yea

Yea

Yea

Yea
Yea

Yea
-100000000...
Glossary

Term Definition
Opening Inventory Allocation for purchase of initial stock of products for sale or services to be delivered in
Initial Working Capital Allocation for payments to vendors and employees in the first few months of operating t
Benefits Other elements of the employee remuneration package expected to cover medical insu
Business Development Refers to personnel involved in consultations or extensive engagement with customers
Direct costs Costs associated with input and labour required to develop your product or service
Factory overheads Covers costs associated with manufacturing such as electricity and rent for the factory,
Administrative Covers costs such as office consumables, travel, and expenses associated with legal a
Receivable Days Average number of days customers take to pay your business for services rendered
Payable Days Average number of days that your company takes to pay its suppliers
Inventory Days Average number of days required for your business to sell one batch of inventory
Grants Money provided as gifts or donations, with no conditions of payback or part ownership o
Equity Money given to the business by venture capitalists or other sources in exchange for pa
Debt Money borrowed from a bank or other lending institution that must be paid back with int
e or services to be delivered in the first few months of operating the business
first few months of operating the business
expected to cover medical insurance, allowances, pension, training and development, etc
e engagement with customers to identify the best-fit product or service, before sales can be made.
op your product or service
ctricity and rent for the factory, maintenance and insurance costs for factory equipment, etc
penses associated with legal and accounting activities
iness for services rendered
its suppliers
ell one batch of inventory
of payback or part ownership of business. They may come from friends, family or other sources
er sources in exchange for part ownership/shares in the business
that must be paid back with interest at a future date