RRR Company

Projected Balance Sheet

2010 2011 2012 2013

Asset
Current Assets
Cash 379,568.00
Accounts Recieveable 1,693,440.00
Inventory 43,421.00
Office Supplies 3,450.00
Furniture and Fixtures 79,700
Less: Accumulated Depreciation -8,520
Delivery Van 740,000
Less: Accumulated Depreciation -74,000
Total Current Asset 2,785,259.00

Non-Current Asset
Machineries and Equipment 463,000
Less: Accumulated Depreciation -47,300
Lease Deposit 100,000.00
Total Non- Current Asset 515,700.00

Total Assets 3,300,959.00

Liabilities
Current Liabilities
Utilities Payable 56,200.00
VAT Payable 16,934.40
Income Tax Payable 29,817.73
Total Liablilities 102,951.73

Partners Equity
Capital 3,862,516.73
Partners Withdrawal -664,509.46
Total Partners Equity 3,198,007.27

Total Liabilities and Partners Equity 3,300,959.00

2014
 RRR Company
Projected Growth Assumptions for Cost of Good Sold
Year 2010 2011 2012 2013 2014
Sales 10,831,560.00 12,997,918.00 14,588,567.00 16,058,406.00 17,886,301.00
Volume
370g (10% annual growth) 445,848 490,433 539,476 593,424 652,766
1 Kilo (10% annual growth) 82,056 90,262 99,288 109,217 120,138
Sellin Price per Unit
370g 20 20 20.25 20.25 20.5
1 Kilo 38 38 38.5 38.5 39

Cost of Good Sold

Raw Materials 3,142,994.40 3,771,593.28 4,180,182.55 4,601,343.80 5,061,792.48
Direct Labor 864,000.00 907,200.00 952,560.00 1,000,188.00 1,050,197.40
Factory Overhead 1,573,484.00 1,716,412.40 1,873,147.64 2,045,046.10 2,233,598.60
Total Cost of Good Sold 5,580,478.40 6,395,205.68 7,005,890.19 7,646,577.91 8,345,588.48

Raw Materials Used

Beginning inventory 0.00 349,221.60 419,065.92 464,464.73 511,260.42
Purchases (10% annual growth) 3,492,216.00 3,841,437.60 4,225,581.36 4,648,139.50 5,112,953.45
Ending inventory(10% of available Raw Mat.) 349,221.60 419,065.92 464,464.73 511,260.42 562,421.39
Total Raw Materials Used 3,142,994.40 3,771,593.28 4,180,182.55 4,601,343.80 5,061,792.48

Direct labor
Laborers (5% growth) 864,000.00 907,200.00 952,560.00 1,000,188.00 1,050,197.40

Factory Overhead
Depreciation expense- machine and equipment 47,000.00 47,000.00 47,000.00 47,000.00 47,000.00
Utility expense (5% increase yearly) 194,400.00 204,120.00 214,326.00 225,042.30 236,294.42
Packaging Expense(10% increase) 1,332,084.00 1,465,292.40 1,611,821.64 1,773,003.80 1,950,304.18
Total Factory Overhead 1,573,484.00 1,716,412.40 1,873,147.64 2,045,046.10 2,233,598.60
 RRR Company
Projected Income Statement

2010 2011 2012 2013

Sales 10,831,560.00 12,997,918.00 14,588,567.00 16,058,406.00

Less: Cost of Good Sold 5,580,478.40 6,395,205.68 7,005,890.19 7,646,577.91

Gross Profit 5,251,081.60 6,602,712.32 7,582,676.81 8,411,828.09

Operating Expenses
Salaries Expenses 2,340,000.00 2,457,000.00 2,579,850.00 2,708,842.50
13th Month Pay and Contribution 558,012.00 585,912.60 615,208.23 645,968.64
Advertising and Promotional Expense 540,412.00 432,329.60 345,863.68 276,690.94
Rent Expense 600,000.00 612,000.00 624,240.00 636,724.80
Utilities Expense 129,600.00 136,080.00 142,884.00 150,028.20
Depreciation Expense 83,220.00 83,220.00 83,220.00 83,220.00
Renovation of Building 100,000.00 0.00 0.00 0.00
Maintenance Expense Bldg/Equipment 40,000.00 41,200.00 42,436.00 43,709.08
Permits and Licenses Expenses 108,315.60 129,979.18 145,885.67 160,584.06
Supplies Expenses 6,325.00 6,957.50 7,653.25 8,418.58
Product Analysis Expense 60.000.00 0.00 0.00 0.00
Total Operating Expense 4,505,884.60 4,484,678.88 4,587,240.83 4,714,186.80

Earnings Before Taxes 745,197.00 2,118,033.44 2,995,435.98 3,697,641.29

Less: Income Taxes 260,818.95 741,311.70 1,048,402.59 1,294,174.45
Net Income 484,378.05 1,376,721.74 1,947,033.39 2,403,466.84
 2014

17,886,301.00

8,345,588.48
9,540,712.52

2,844,284.63
678,267.07
221,352.76
649,459.30
157,529.61
83,220.00
0.00
45,020.35
178,863.01
9,260.43
0.00
4,867,257.15

4,673,455.37
1,635,709.38
3,037,745.99