The Eco-Marathon

Charles Bailey

cb329@bath.ac.uk

Academic Version
 Confidentiality Agreement

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This is a business plan. It does not imply an offering of securities.

Academic Version
 Table of Contents

1.0 Executive Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

1.1 Objectives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
1.2 Mission . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
1.3 Keys to Success . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

2.0 Organization Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

2.1 Legal Entity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
2.2 Start-up Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

3.0 Products and Services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

4.0 Market Analysis Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

4.1 Market Segmentation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
4.2 Target Market Segment Strategy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
4.3 Service Providers Analysis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
4.3.1 Alternatives and Usage Patterns . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

5.0 Web Plan Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

5.1 Website Marketing Strategy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
5.2 Development Requirements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

6.0 Strategy and Implementation Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

6.1 SWOT Analysis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
6.1.1 Strengths . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
6.1.2 Weaknesses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
6.1.3 Opportunities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
6.1.4 Threats . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
6.2 Competitive Edge . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
6.3 Marketing Strategy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
6.4 Fundraising Strategy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
6.4.1 Funding Forecast . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
6.5 Milestones . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

7.0 Management Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

7.1 Personnel Plan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

8.0 Financial Plan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

8.1 Start-up Funding . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
8.2 Important Assumptions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
8.3 Break-even Analysis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
8.4 Projected Surplus or Deficit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
8.5 Projected Cash Flow . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
8.6 Projected Balance Sheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
8.7 Standard Ratios . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13

Appendix . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14

Academic Version
 The Eco-Marathon

1.0 Executive Summary

1.1 Objectives

• Sell approximately 50 eco-car kits and enroll approximately 80 schools for participation in our
eco-marathon in the 2012-2013 school year.
• Break-even financially within the first 3 years, covering pay for all start-up costs.
• Find at least 5 sources of funding from business clients per year for sponsorship.
• Promote science and engineering interest as well as raise eco-awareness in young minds.
• Link this positive view to our brand image in order to gain notoriety nationwide.

1.2 Mission

The mission of the University of Bath Eco Racers (UBER) is to host an Eco-Marathon
competition in the United Kingdom for schools and universities. In this way UBER strives to
instill interest of science, technology, maths and engineering

The Center for Technology and Investment is a nonprofit organization that was created to
help rural small business owners use technology more effectively. The company's charter is
based on evidence that many rural small business owners simply don't have the resources
or connections to use technology wisely. Our mission is to bridge that gap through training
and by educating the small business owner in how to utilize the resources they have, and
leverage the technology available to get the most out of their businesses.

The organization will have fulfilled its mission when all of its clients have achieved growth
rates above 20% combined.

The mission of Hands On! is to encourage children of all ages to develop their full creative potential
through the visual and performing arts. Hands On! strives, through the fine arts, to create a unique
environment in which children of all ages, abilities, and experience can feel free to imagine, create, and
welcome the arts into their lives. Hands On! provides a professional work environment that is
challenging, rewarding, creative, and respectful of ideas and individuals.

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1.3 Keys to Success

2.0 Organization Summary

2.1 Legal Entity

2.2 Start-up Summary

Table: Start-up

Start-up

Requirements

Start-up Expenses
Legal $0
Stationery etc. $0
Insurance $0
Rent $0
Computer $0
Other $0
Total Start-up Expenses $0

Start-up Assets
Cash Required $0
Start-up Inventory $0
Other Current Assets $0
Long-term Assets $0
Total Assets $0

Total Requirements $0

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3.0 Products and Services

4.0 Market Analysis Summary

4.1 Market Segmentation

Table: Market Analysis

Market Analysis
2011 2012 2013 2014 2015
Potential Customers Growth CAGR
Segment Name 0% 0 0 0 0 0 0.00%
Segment Name 0% 0 0 0 0 0 0.00%
Other 0% 0 0 0 0 0 0.00%
Total 0.00% 0 0 0 0 0 0.00%

4.2 Target Market Segment Strategy

4.3 Service Providers Analysis

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4.3.1 Alternatives and Usage Patterns

5.0 Web Plan Summary

5.1 Website Marketing Strategy

5.2 Development Requirements

6.0 Strategy and Implementation Summary

6.1 SWOT Analysis

6.1.1 Strengths

6.1.2 Weaknesses

6.1.3 Opportunities

6.1.4 Threats

6.2 Competitive Edge

6.3 Marketing Strategy

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6.4 Fundraising Strategy

6.4.1 Funding Forecast

Table: Funding Forecast

Funding Forecast
FY 2012 FY 2013 FY 2014
Units
Row 1 0 0 0
Row 2 0 0 0
Row 3 0 0 0
Total Units 0 0 0

Unit Prices FY 2012 FY 2013 FY 2014

Row 1 $0.00 $0.00 $0.00
Row 2 $0.00 $0.00 $0.00
Row 3 $0.00 $0.00 $0.00

Funding
Row 1 $0 $0 $0
Row 2 $0 $0 $0
Row 3 $0 $0 $0
Total Funding $0 $0 $0

Direct Unit Costs FY 2012 FY 2013 FY 2014

Row 1 $0.00 $0.00 $0.00
Row 2 $0.00 $0.00 $0.00
Row 3 $0.00 $0.00 $0.00

Direct Cost of Funding

Row 1 $0 $0 $0
Row 2 $0 $0 $0
Row 3 $0 $0 $0
Subtotal Direct Cost of Funding $0 $0 $0

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6.5 Milestones

Table: Milestones

Milestones

Milestone Start Date End Date Budget Manager Department

Name me 23/3/2011 22/4/2011 $0 ABC Department
Name me 23/3/2011 22/4/2011 $0 ABC Department
Name me 23/3/2011 22/4/2011 $0 ABC Department
Name me 23/3/2011 22/4/2011 $0 ABC Department
Name me 23/3/2011 22/4/2011 $0 ABC Department
Name me 23/3/2011 22/4/2011 $0 ABC Department
Name me 23/3/2011 22/4/2011 $0 ABC Department
Name me 23/3/2011 22/4/2011 $0 ABC Department
Name me 23/3/2011 22/4/2011 $0 ABC Department
Name me 23/3/2011 22/4/2011 $0 ABC Department
Totals $0

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7.0 Management Summary

7.1 Personnel Plan

Table: Personnel

Personnel Plan
FY 2012 FY 2013 FY 2014
Name or Title or Group $0 $0 $0
Name or Title or Group $0 $0 $0
Name or Title or Group $0 $0 $0
Total People 0 0 0

Total Payroll $0 $0 $0

8.0 Financial Plan

8.1 Start-up Funding

Table: Start-up Funding

Start-up Funding
Start-up Expenses to Fund $0
Start-up Assets to Fund $0
Total Funding Required $0

Assets
Non-cash Assets from Start-up $0
Cash Requirements from Start-up $0
Additional Cash Raised $0
Cash Balance on Starting Date $0
Total Assets $0

Liabilities and Capital

Liabilities
Current Borrowing $0
Long-term Liabilities $0
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $0

Capital

Planned Investment
Owner $0
Investor $0
Additional Investment Requirement $0
Total Planned Investment $0

Loss at Start-up (Start-up Expenses) $0

Total Capital $0

Total Capital and Liabilities $0

Total Funding $0

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8.2 Important Assumptions

8.3 Break-even Analysis

Table: Break-even Analysis

Break-even Analysis

Monthly Units Break-even 0

Monthly Revenue Break-even $0

Assumptions:
Average Per-Unit Revenue $0.00
Average Per-Unit Variable Cost $0.00
Estimated Monthly Fixed Cost $0

8.4 Projected Surplus or Deficit

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 The Eco-Marathon

Table: Surplus and Deficit

Surplus and Deficit

FY 2012 FY 2013 FY 2014
Funding $0 $0 $0
Direct Cost $0 $0 $0
Other Costs of Goods $0 $0 $0
------------ ------------ ------------
Total Direct Cost $0 $0 $0

Gross Surplus $0 $0 $0
Gross Surplus % 0.00% 0.00% 0.00%

Expenses
Payroll $0 $0 $0
Marketing/Promotion $0 $0 $0
Depreciation $0 $0 $0
Rent $0 $0 $0
Utilities $0 $0 $0
Insurance $0 $0 $0
Payroll Taxes $0 $0 $0
Other $0 $0 $0
------------ ------------ ------------
Total Operating Expenses $0 $0 $0

Surplus Before Interest and

$0 $0 $0
Taxes
EBITDA $0 $0 $0
Interest Expense $0 $0 $0
Taxes Incurred $0 $0 $0

Net Surplus $0 $0 $0
Net Surplus/Funding 0.00% 0.00% 0.00%

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8.5 Projected Cash Flow

Table: Cash Flow

Pro Forma Cash Flow

FY 2012 FY 2013 FY 2014
Cash Received

Cash from Operations

Cash Funding $0 $0 $0
Cash from Receivables $0 $0 $0
Subtotal Cash from Operations $0 $0 $0

Additional Cash Received

Sales Tax, VAT, HST/GST
$0 $0 $0
Received
New Current Borrowing $0 $0 $0
New Other Liabilities (interest-free) $0 $0 $0
New Long-term Liabilities $0 $0 $0
Sales of Other Current Assets $0 $0 $0
Sales of Long-term Assets $0 $0 $0
New Investment Received $0 $0 $0
Subtotal Cash Received $0 $0 $0

Expenditures FY 2012 FY 2013 FY 2014

Expenditures from Operations

Cash Spending $0 $0 $0
Bill Payments $0 $0 $0
Subtotal Spent on Operations $0 $0 $0

Additional Cash Spent

Sales Tax, VAT, HST/GST Paid Out $0 $0 $0
Principal Repayment of Current
$0 $0 $0
Borrowing
Other Liabilities Principal
$0 $0 $0
Repayment
Long-term Liabilities Principal
$0 $0 $0
Repayment
Purchase Other Current Assets $0 $0 $0
Purchase Long-term Assets $0 $0 $0
Dividends $0 $0 $0
Subtotal Cash Spent $0 $0 $0

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 The Eco-Marathon
Net Cash Flow $0 $0 $0
Cash Balance $0 $0 $0

8.6 Projected Balance Sheet

Table: Balance Sheet

Pro Forma Balance Sheet

FY 2012 FY 2013 FY 2014
Assets

Current Assets
Cash $0 $0 $0
Accounts Receivable $0 $0 $0
Inventory $0 $0 $0
Other Current Assets $0 $0 $0
Total Current Assets $0 $0 $0

Long-term Assets
Long-term Assets $0 $0 $0
Accumulated Depreciation $0 $0 $0
Total Long-term Assets $0 $0 $0
Total Assets $0 $0 $0

Liabilities and Capital FY 2012 FY 2013 FY 2014

Current Liabilities
Accounts Payable $0 $0 $0
Current Borrowing $0 $0 $0
Other Current Liabilities $0 $0 $0
Subtotal Current Liabilities $0 $0 $0

Long-term Liabilities $0 $0 $0
Total Liabilities $0 $0 $0

Paid-in Capital $0 $0 $0
Accumulated Surplus/Deficit $0 $0 $0
Surplus/Deficit $0 $0 $0
Total Capital $0 $0 $0
Total Liabilities and Capital $0 $0 $0

Net Worth $0 $0 $0

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8.7 Standard Ratios

Table: Ratios

Ratio Analysis
FY 2012 FY 2013 FY 2014 Industry Profile
Funding Growth 0.00% 0.00% 0.00% 0.00%

Percent of Total Assets

Accounts Receivable 0.00% 0.00% 0.00% 0.00%
Inventory 0.00% 0.00% 0.00% 0.00%
Other Current Assets 0.00% 0.00% 0.00% 100.00%
Total Current Assets 0.00% 0.00% 0.00% 100.00%
Long-term Assets 0.00% 0.00% 0.00% 0.00%
Total Assets 100.00% 100.00% 100.00% 100.00%

Current Liabilities 0.00% 0.00% 0.00% 0.00%

Long-term Liabilities 0.00% 0.00% 0.00% 0.00%
Total Liabilities 0.00% 0.00% 0.00% 0.00%
Net Worth 100.00% 100.00% 100.00% 100.00%

Percent of Funding
Funding 100.00% 100.00% 100.00% 100.00%
Gross Surplus 0.00% 0.00% 0.00% 0.00%
Selling, General & Administrative
0.00% 0.00% 0.00% 0.00%
Expenses
Advertising Expenses 0.00% 0.00% 0.00% 0.00%
Surplus Before Interest and Taxes 0.00% 0.00% 0.00% 0.00%

Main Ratios
Current 0.00 0.00 0.00 0.00
Quick 0.00 0.00 0.00 0.00
Total Debt to Total Assets 0.00% 0.00% 0.00% 0.00%
Pre-tax Return on Net Worth 0.00% 0.00% 0.00% 0.00%
Pre-tax Return on Assets 0.00% 0.00% 0.00% 0.00%

Additional Ratios FY 2012 FY 2013 FY 2014

Net Surplus Margin 0.00% 0.00% 0.00% n.a
Return on Equity 0.00% 0.00% 0.00% n.a

Activity Ratios
Accounts Receivable Turnover 0.00 0.00 0.00 n.a
Collection Days 0 0 0 n.a
Inventory Turnover 0.00 0.00 0.00 n.a
Accounts Payable Turnover 0.00 0.00 0.00 n.a
Payment Days 0 0 0 n.a
Total Asset Turnover 0.00 0.00 0.00 n.a

Debt Ratios
Debt to Net Worth 0.00 0.00 0.00 n.a
Current Liab. to Liab. 0.00 0.00 0.00 n.a

Liquidity Ratios
Net Working Capital $0 $0 $0 n.a
Interest Coverage 0.00 0.00 0.00 n.a

Additional Ratios
Assets to Funding n.a. n.a. n.a. n.a
Current Debt/Total Assets 0% 0% 0% n.a
Acid Test 0.00 0.00 0.00 n.a
Funding/Net Worth 0.00 0.00 0.00 n.a
Dividend Payout 0.00 0.00 0.00 n.a

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 Appendix

Table: Funding Forecast

Funding Forecast
Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12
Units
Row 1 0% 0 0 0 0 0 0 0 0 0 0 0 0
Row 2 0% 0 0 0 0 0 0 0 0 0 0 0 0
Row 3 0% 0 0 0 0 0 0 0 0 0 0 0 0
Total Units 0 0 0 0 0 0 0 0 0 0 0 0

Unit Prices Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12
Row 1 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Row 2 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Row 3 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

Funding
Row 1 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Row 2 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Row 3 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Funding $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Direct Unit Costs Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12
Row 1 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
Row 2 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
Row 3 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

Direct Cost of Funding

Row 1 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Row 2 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Row 3 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Subtotal Direct Cost of Funding $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

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 Appendix
Table: Personnel

Personnel Plan
Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12
Name or Title or Group 0% $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Name or Title or Group 0% $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Name or Title or Group 0% $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total People 0 0 0 0 0 0 0 0 0 0 0 0

Total Payroll $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

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 Appendix
Table: Surplus and Deficit

Surplus and Deficit

Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12
Funding $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Direct Cost $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Other Costs of Goods $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------
Total Direct Cost $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Gross Surplus $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Gross Surplus % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Expenses
Payroll $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Marketing/Promotion $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Depreciation $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Rent $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Utilities $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Insurance $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Payroll Taxes 15% $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Other $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------
Total Operating Expenses $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Surplus Before Interest and Taxes $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

EBITDA $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Interest Expense $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Taxes Incurred $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Net Surplus $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Net Surplus/Funding 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

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 Appendix
Table: Cash Flow

Pro Forma Cash Flow

Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12
Cash Received

Cash from Operations

Cash Funding $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Cash from Receivables $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Subtotal Cash from Operations $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Additional Cash Received

Sales Tax, VAT, HST/GST Received 0.00% $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
New Current Borrowing $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
New Other Liabilities (interest-free) $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
New Long-term Liabilities $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Sales of Other Current Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Sales of Long-term Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
New Investment Received $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Subtotal Cash Received $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Expenditures Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12

Expenditures from Operations

Cash Spending $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Bill Payments $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Subtotal Spent on Operations $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Additional Cash Spent

Sales Tax, VAT, HST/GST Paid Out $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Principal Repayment of Current Borrowing $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Other Liabilities Principal Repayment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Long-term Liabilities Principal Repayment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Purchase Other Current Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Purchase Long-term Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Dividends $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Subtotal Cash Spent $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Net Cash Flow $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Cash Balance $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

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 Appendix
Table: Balance Sheet

Pro Forma Balance Sheet

Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12
Assets Starting Balances

Current Assets
Cash $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Accounts Receivable $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Inventory $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Other Current Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Current Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Long-term Assets
Long-term Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Accumulated Depreciation $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Long-term Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Liabilities and Capital Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12

Current Liabilities
Accounts Payable $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Current Borrowing $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Other Current Liabilities $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Subtotal Current Liabilities $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Long-term Liabilities $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Liabilities $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Paid-in Capital $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Accumulated Surplus/Deficit $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Surplus/Deficit $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Capital $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Liabilities and Capital $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Net Worth $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

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