Coroporate Finance Institute All rights reserved.

Start up year
2016 2017
Balance Sheet Check OK OK

Cash Flow Statement

Cash from Operations

Net Income (2, 890, 430) (1, 450, 678)
Depreciation 112, 504 125,000
Changes in non cash working capital
Accounts Receivable 53, 302 22, 090
Inventory 800, 208 123, 567
Accounts Payable 780, 506 (110, 113)
Total (2, 850, 930) (1, 581, 448)

Cash Invested
Capital Expenditures 600, 000 200, 000
Acquisitions 0 0
Total 600, 000 200, 000

Cash from Financing

Increase (decrease) in Debt 0 0
Equity Issued (repurchased) 7, 000, 000 0
Dividends Paid 0 0
Total 7, 000, 000 0

Total Cash 3, 549, 070 (1, 781, 448)

Opening Balance 0 3, 549, 070

Increase (Decrease) 3, 549, 070 (1, 781, 448)
Closing Balance 3, 549, 070 1,767, 622
 Terminal Year
2018 2019 2020 2021 2022
OK OK OK OK OK

53, 345 987, 546 2, 079, 489 3, 401, 687 4, 401, 080
138,000 267,789 301, 000 412, 006 428, 089

40,045 69,546 73, 450 105, 203 56, 840

387,789 744, 678 788, 002 1, 083, 231 867, 451
6, 709 70,078 275, 780 382, 372 266, 703
(229, 780) 511, 189 1, 794, 817 3, 007, 631 4, 171, 581

200, 000 450, 000 350, 000 1, 200, 000 700, 000
0 0 0 0 0
200, 000 450, 000 350, 000 1, 200, 000 700, 000

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

(429, 780) (61, 189) 1, 444, 817 1, 807, 631 3, 471, 581

1,767, 622 1, 337, 842 1, 276, 653 2, 721, 470 4, 529, 101
(429, 780) (61, 189) 1, 444, 817 1, 807, 631 3, 471, 581
1, 337, 842 1, 276, 653 2, 721, 470 4, 529, 101 8, 000, 682
minal Year