Page 1
HzMN-Optimistika Varijanta
Table: Start-up
Start-up
Requirements
Start-up Expenses
Istraivanje trita
Ugovor i prevoenje zemljita 1/1
Odobrenja za gradnju i registracija biznisa
Ostalo
Total Start-up Expenses
$1.000
$1.000
$80.000
$10.000
$92.000
Start-up Assets
Cash Required
Other Current Assets
Long-term Assets
Total Assets
$20.000
$0
$200.000
$220.000
Total Requirements
$312.000
Page 2
HzMN-Optimistika Varijanta
2016
2017
2018
2019
Growth
0%
0%
0%
0,00%
CAGR
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0,00%
0,00%
0,00%
0,00%
Page 3
HzMN-Optimistika Varijanta
Sales Forecast
2016
2017
2018
2019
Unit Sales
Teren za mali fudbal i koarku 1h
Teren za tenis i odbojku 1h
Ostalo
Total Unit Sales
1.080
1.080
0
2.160
1.080
1.080
0
2.160
1.080
1.080
0
2.160
1.080
1.080
0
2.160
Unit Prices
Teren za mali fudbal i koarku 1h
Teren za tenis i odbojku 1h
Ostalo
2016
$50,00
$50,00
$0,00
2017
$50,00
$50,00
$0,00
2018
$50,00
$50,00
$0,00
2019
$50,00
$50,00
$0,00
Sales
Teren za mali fudbal i koarku 1h $54.000 $54.000 $54.000 $54.000
Teren za tenis i odbojku 1h
$54.000 $54.000 $54.000 $54.000
Ostalo
$0
$0
$0
$0
Total Sales
$108.000 $108.000 $108.000 $108.000
Direct Unit Costs
Teren za mali fudbal i koarku 1h
Teren za tenis i odbojku 1h
Ostalo
2016
$14,50
$14,50
$0,00
2017
$14,50
$14,50
$0,00
2018
$14,50
$14,50
$0,00
2019
$14,50
$14,50
$0,00
$15.660
$15.660
$0
$31.320
$15.660
$15.660
$0
$31.320
$15.660
$15.660
$0
$31.320
$15.660
$15.660
$0
$31.320
Page 4
HzMN-Optimistika Varijanta
Table: Milestones
Milestones
Milestone
Name me
Name me
Name me
Name me
Name me
Name me
Name me
Start Date
21.1.2014
21.1.2014
21.1.2014
21.1.2014
21.1.2014
21.1.2014
21.1.2014
End Date
20.2.2014
20.2.2014
20.2.2014
20.2.2014
20.2.2014
20.2.2014
20.2.2014
Budget
$0
$0
$0
$0
$0
$0
$0
Manager
ABC
ABC
ABC
ABC
ABC
ABC
ABC
Department
Department
Department
Department
Department
Department
Department
Department
Page 5
HzMN-Optimistika Varijanta
Name me
Name me
Name me
Totals
21.1.2014
21.1.2014
21.1.2014
20.2.2014
20.2.2014
20.2.2014
$0
$0
$0
$0
ABC
ABC
ABC
Department
Department
Department
Table: Personnel
Personnel Plan
2015
2017
2018
2019
$7.200
$7.200
2
$7.200
$7.200
2
$7.200
$7.200
2
$7.200
$7.200
2
$14.400
$14.400
$14.400
$14.400
Radnik I Smjene
Radnik II Smjene
Total People
Total Payroll
$92.000
$220.000
$312.000
Assets
Non-cash Assets from Start-up
Cash Requirements from Start-up
Additional Cash Raised
Cash Balance on Starting Date
Total Assets
$200.000
$20.000
$0
$20.000
$220.000
$0
$212.000
Page 6
HzMN-Optimistika Varijanta
$0
$0
$212.000
Capital
Planned Investment
Vlastiti Kapital
Investor
Additional Investment Requirement
Total Planned Investment
$100.000
$0
$0
$100.000
($92.000)
$8.000
$220.000
Total Funding
$312.000
102
$5.103
Assumptions:
Average Per-Unit Revenue
Average Per-Unit Variable Cost
Estimated Monthly Fixed Cost
$50,00
$14,50
$3.623
Page 7
HzMN-Optimistika Varijanta
2016
2017
2018
2019
Sales
Direct Cost of Sales
Ostali Trokovi Prodaje
Total Cost of Sales
$93.500
$27.115
$0
$27.115
$108.000
$31.320
$0
$31.320
$108.000
$31.320
$0
$31.320
$108.000
$31.320
$0
$31.320
$108.000
$31.320
$0
$31.320
Gross Margin
Gross Margin %
$66.385
71,00%
$76.680
71,00%
$76.680
71,00%
$76.680
71,00%
$76.680
71,00%
Payroll
Marketing/Promocija
Depreciation
Trokovi komunalnih usluga
Trokovi osiguranja imovine
Porez na plate
Trokovi PTT
Other
$14.400
$1.200
$12.996
$240
$2.400
$8.640
$3.600
$0
$0
$0
$0
$0
$0
$0
$0
$0
$14.400
$1.200
$12.996
$240
$2.400
$8.640
$3.600
$0
$14.400
$1.200
$12.996
$240
$2.400
$8.640
$3.600
$0
$14.400
$1.200
$12.996
$240
$2.400
$8.640
$3.600
$0
$43.476
$0
$43.476
$43.476
$43.476
$22.909
$35.905
$20.813
$356
$76.680
$76.680
$20.486
$16.858
$33.204
$46.200
$20.129
$3.923
$33.204
$46.200
$19.415
$4.137
$33.204
$46.200
$18.701
$4.351
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Expenses
Other Income
Other Income Account Name
Other Income Account Name
Total Other Income
Other Expense
Other Expense Account Name
Other Expense Account Name
Total Other Expense
Page 8
HzMN-Optimistika Varijanta
$0
$1.739
1,86%
$0
$39.336
36,42%
$0
$9.153
8,47%
$0
$9.652
8,94%
$0
$10.152
9,40%
Page 9
HzMN-Optimistika Varijanta
Page 10
HzMN-Optimistika Varijanta
2015
2017
2018
2019
2017
2018
2019
$14.400
$58.722
$73.122
$14.400
$71.596
$85.996
$14.400
$70.993
$85.393
$14.400
$70.493
$84.893
Page 11
HzMN-Optimistika Varijanta
$0
$0
$0
$0
$7.140
$0
$0
$0
$80.262
$0
$0
$0
$0
$7.140
$0
$0
$0
$93.136
$0
$0
$0
$0
$7.140
$0
$0
$0
$92.533
$0
$0
$0
$0
$7.140
$0
$0
$0
$92.033
2016
2017
2018
2019
$42.588
$0
$42.588
$93.099
$0
$93.099
$118.762
$0
$118.762
$145.030
$0
$145.030
$171.797
$0
$171.797
$200.000
$12.996
$187.004
$229.592
$200.000
$12.996
$187.004
$280.103
$200.000
$25.992
$174.008
$292.770
$200.000
$38.988
$161.012
$306.042
$200.000
$51.984
$148.016
$319.813
2015
2016
2017
2018
2019
$5.643
$0
$9.350
$14.993
$6.018
$0
$20.150
$26.168
$5.873
$0
$30.950
$36.823
$5.832
$0
$41.750
$47.582
$5.791
$0
$52.550
$58.341
Long-term Liabilities
Total Liabilities
$204.860
$219.853
$204.860
$231.028
$197.720
$234.543
$190.580
$238.162
$183.440
$241.781
Paid-in Capital
Retained Earnings
Earnings
Total Capital
Total Liabilities and Capital
$100.000
($92.000)
$1.739
$9.739
$229.592
$100.000
($90.261)
$39.336
$49.075
$280.103
$100.000
($50.925)
$9.153
$58.228
$292.770
$100.000
($41.772)
$9.652
$67.880
$306.042
$100.000
($32.120)
$10.152
$78.032
$319.813
$9.739
$49.075
$58.228
$67.880
$78.032
Assets
Current Assets
Cash
Other Current Assets
Total Current Assets
Long-term Assets
Long-term Assets
Accumulated Depreciation
Total Long-term Assets
Total Assets
Liabilities and Capital
Current Liabilities
Accounts Payable
Current Borrowing
Other Current Liabilities
Subtotal Current Liabilities
Net Worth
Table: Ratios
Page 12
HzMN-Optimistika Varijanta
Ratio Analysis
2015
2017
2018
2019
Industry Profile
0,00%
0,00%
0,00%
0,00%
0,00%
0,00%
18,55%
81,45%
100,00%
0,00%
40,57%
59,43%
100,00%
0,00%
47,39%
52,61%
100,00%
0,00%
53,72%
46,28%
100,00%
100,00%
100,00%
0,00%
100,00%
Current Liabilities
Long-term Liabilities
Total Liabilities
Net Worth
6,53%
89,23%
95,76%
4,24%
12,58%
67,53%
80,11%
19,89%
15,55%
62,27%
77,82%
22,18%
18,24%
57,36%
75,60%
24,40%
0,00%
0,00%
0,00%
100,00%
100,00%
71,00%
69,14%
1,28%
24,50%
100,00%
71,00%
62,53%
1,11%
30,74%
100,00%
71,00%
62,06%
1,11%
30,74%
100,00%
71,00%
61,60%
1,11%
30,74%
100,00%
0,00%
0,00%
0,00%
0,00%
2,84
2,84
95,76%
21,52%
0,91%
3,23
3,23
80,11%
22,45%
4,47%
3,05
3,05
77,82%
20,31%
4,51%
2,94
2,94
75,60%
18,59%
4,53%
0,00
0,00
0,00%
0,00%
0,00%
Sales Growth
Percent of Total Assets
Percent of Sales
Sales
Gross Margin
Selling, General & Administrative Expenses
Advertising Expenses
Profit Before Interest and Taxes
Main Ratios
Current
Quick
Total Debt to Total Assets
Pre-tax Return on Net Worth
Pre-tax Return on Assets
Additional Ratios
2015
2017
2018
2019
1,86%
17,86%
8,47%
15,72%
8,94%
14,22%
9,40%
13,01%
n.a
n.a
11,41
27
0,41
12,17
30
0,37
12,17
30
0,35
12,17
30
0,34
n.a
n.a
n.a
22,57
0,07
4,03
0,16
3,51
0,20
3,10
0,24
n.a
n.a
$27.595
1,10
$81.940
1,65
$97.448
1,71
$113.456
1,78
n.a
n.a
2,46
7%
2,84
9,60
0,00
2,71
13%
3,23
1,85
0,00
2,83
16%
3,05
1,59
0,00
2,96
18%
2,94
1,38
0,00
n.a
n.a
n.a
n.a
n.a
Activity Ratios
Accounts Payable Turnover
Payment Days
Total Asset Turnover
Debt Ratios
Debt to Net Worth
Current Liab. to Liab.
Liquidity Ratios
Net Working Capital
Interest Coverage
Additional Ratios
Assets to Sales
Current Debt/Total Assets
Acid Test
Sales/Net Worth
Dividend Payout
Seed
Round 1
Round 2
Exit
$0
$0
$0
0,00%
0,00%
0,00%
Valuation
$0
$0
$0
$0
$0
$0
$0
Page 13
HzMN-Optimistika Varijanta
Investor IRR
0,00%
0,00%
0,00%
Share Ownership
Year 1
Year 2
Year 3
Year 7
Founders' Shares
0
0
$0,00
$0,00
$0,00
$0,00
Year 1
Year 2
Year 3
Year 7
Founders' Equity
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%
Investors' Equity
0,00%
0,00%
0,00%
0,00%
0,00%
0,00%
0,00%
0,00%
2015
2016
2017
2018
2019
$100.000
$0
$0
($100.000)
35%
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$77.000
$77.000
10
10
10
10
10
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Initial Investment
Investment
Dividends
Ending Valuation
Combination as Income Stream
Percent Equity Acquired
Net Present Value (NPV)
Internal Rate of Return (IRR)
($47.445)
-5%
Assumptions
Discount Rate
10,00%
$100.000
$20.000
$390.000
$90.000
$100.000
$100.000
$190.000
$220.000
$220.000
$220.000
$220.000
$105.000
$305.000
$155.000
$160.000
$160.000
Amount
$0
Page 14
HzMN-Optimistika Varijanta
Name
Name
Name
Total
$0
$0
$0
$0
Table: Payback
Payback
2015
2016
2017
2018
2019
$29.000
$29.000
$30.000
$30.000
$31.000
$29.000
($71.000)
$29.000
($42.000)
$30.000
($12.000)
$30.000
$18.000
$31.000
$49.000
$100.000
($100.000)
($100.000)
3 years
Page 15
Appendix
Table: Sales Forecast
Sales Forecast
jan
feb
mar
apr
maj
jun
jul
avg
sep
okt
nov
dec
90
90
0
180
90
90
0
180
90
90
0
180
70
80
0
150
60
70
0
130
60
60
0
120
60
60
0
120
60
60
0
120
70
80
0
150
90
90
0
180
90
90
0
180
90
90
0
180
Unit Sales
Teren za mali fudbal i koarku 1h
Teren za tenis i odbojku 1h
Ostalo
Total Unit Sales
0%
0%
0%
Unit Prices
jan
feb
mar
apr
maj
jun
jul
avg
sep
okt
nov
dec
$50,00
$50,00
$50,00
$50,00
$50,00
$50,00
$50,00
$50,00
$50,00
$50,00
$50,00
$50,00
$50,00
$50,00
$50,00
$50,00
$50,00
$50,00
$50,00
$50,00
$50,00
$50,00
$50,00
$50,00
$0,00
$0,00
$0,00
$0,00
$0,00
$0,00
$0,00
$0,00
$0,00
$0,00
$0,00
$0,00
$4.500
$4.500
$4.500
$3.500
$3.000
$3.000
$3.000
$3.000
$3.500
$4.500
$4.500
$4.500
$4.500
$4.500
$4.500
$4.000
$3.500
$3.000
$3.000
$3.000
$4.000
$4.500
$4.500
$4.500
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$9.000
$9.000
$9.000
$7.500
$6.500
$6.000
$6.000
$6.000
$7.500
$9.000
$9.000
$9.000
Ostalo
Sales
Ostalo
Total Sales
Direct Unit Costs
jan
feb
mar
apr
maj
jun
jul
avg
sep
okt
nov
dec
$14,50
$14,50
$0,00
$14,50
$14,50
$0,00
$14,50
$14,50
$0,00
$14,50
$14,50
$0,00
$14,50
$14,50
$0,00
$14,50
$14,50
$0,00
$14,50
$14,50
$0,00
$14,50
$14,50
$0,00
$14,50
$14,50
$0,00
$14,50
$14,50
$0,00
$14,50
$14,50
$0,00
$14,50
$14,50
$0,00
$1.305
$1.305
$1.305
$1.015
$870
$870
$870
$870
$1.015
$1.305
$1.305
$1.305
$1.305
$1.305
$1.305
$1.160
$1.015
$870
$870
$870
$1.160
$1.305
$1.305
$1.305
29,00%
29,00%
0,00%
Ostalo
Subtotal Direct Cost of Sales
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$2.610
$2.610
$2.610
$2.175
$1.885
$1.740
$1.740
$1.740
$2.175
$2.610
$2.610
$2.610
Page 1
Appendix
Table: Personnel
Personnel Plan
jan
feb
mar
apr
maj
jun
jul
avg
sep
okt
nov
dec
Radnik I Smjene
$600
$600
$600
$600
$600
$600
$600
$600
$600
$600
$600
$600
Radnik II Smjene
$600
$600
$600
$600
$600
$600
$600
$600
$600
$600
$600
$600
Total People
Total Payroll
$1.200
$1.200
$1.200
$1.200
$1.200
$1.200
$1.200
$1.200
$1.200
$1.200
$1.200
$1.200
Page 2
Appendix
Table: Profit and Loss
Pro Forma Profit and Loss
jan
feb
mar
apr
maj
jun
jul
avg
sep
okt
nov
dec
Sales
$9.000
$9.000
$9.000
$7.500
$6.500
$6.000
$6.000
$6.000
$7.500
$9.000
$9.000
$9.000
$2.610
$2.610
$2.610
$2.175
$1.885
$1.740
$1.740
$1.740
$2.175
$2.610
$2.610
$2.610
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$2.610
$2.610
$2.610
$2.175
$1.885
$1.740
$1.740
$1.740
$2.175
$2.610
$2.610
$2.610
$6.390
$6.390
$6.390
$5.325
$4.615
$4.260
$4.260
$4.260
$5.325
$6.390
$6.390
$6.390
Gross Margin %
71,00%
71,00%
71,00%
71,00%
71,00%
71,00%
71,00%
71,00%
71,00%
71,00%
71,00%
71,00%
$1.200
$1.200
$1.200
$1.200
$1.200
$1.200
$1.200
$1.200
$1.200
$1.200
$1.200
$1.200
$100
$100
$100
$100
$100
$100
$100
$100
$100
$100
$100
$100
$1.083
$1.083
$1.083
$1.083
$1.083
$1.083
$1.083
$1.083
$1.083
$1.083
$1.083
$1.083
Expenses
Payroll
Marketing/Promocija
Depreciation
Trokovi komunalnih usluga
$20
$20
$20
$20
$20
$20
$20
$20
$20
$20
$20
$20
$200
$200
$200
$200
$200
$200
$200
$200
$200
$200
$200
$200
$720
$300
$720
$300
$720
$300
$720
$300
$720
$300
$720
$300
$720
$300
$720
$300
$720
$300
$720
$300
$720
$300
$720
$300
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$3.623
$3.623
$3.623
$3.623
$3.623
$3.623
$3.623
$3.623
$3.623
$3.623
$3.623
$3.623
$2.767
$2.767
$2.767
$1.702
$992
$637
$637
$637
$1.702
$2.767
$2.767
$2.767
EBITDA
$3.850
$3.850
$3.850
$2.785
$2.075
$1.720
$1.720
$1.720
$2.785
$3.850
$3.850
$3.850
$1.762
$1.757
$1.752
$1.747
$1.742
$1.737
$1.732
$1.727
$1.722
$1.717
$1.712
$1.707
$171
$172
$173
($8)
($127)
($187)
($186)
($185)
($3)
$178
$179
$180
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Porez na plate
Trokovi PTT
Other
Interest Expense
Taxes Incurred
60%
Other Income
Other Expense
Page 3
Appendix
Net Profit
Net Profit/Sales
$834
$839
$843
($37)
($622)
($913)
($909)
($905)
($17)
$871
$876
$880
9,27%
9,32%
9,36%
-0,50%
-9,58%
-15,22%
-15,15%
-15,08%
-0,22%
9,68%
9,73%
9,77%
Page 4
Appendix
Table: Cash Flow
Pro Forma Cash Flow
jan
feb
mar
apr
maj
jun
jul
avg
sep
okt
nov
dec
Cash Sales
$9.000
$9.000
$9.000
$7.500
$6.500
$6.000
$6.000
$6.000
$7.500
$9.000
$9.000
$9.000
$9.000
$9.000
$9.000
$7.500
$6.500
$6.000
$6.000
$6.000
$7.500
$9.000
$9.000
$9.000
Cash Received
Cash from Operations
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$900
$0
$900
$0
$900
$0
$750
$0
$650
$0
$600
$0
$600
$0
$600
$0
$750
$0
$900
$0
$900
$0
$900
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$9.900
$9.900
$9.900
$8.250
$7.150
$6.600
$6.600
$6.600
$8.250
$9.900
$9.900
$9.900
jan
feb
mar
apr
maj
jun
jul
avg
sep
okt
nov
dec
$1.200
$1.200
$1.200
$1.200
$1.200
$1.200
$1.200
$1.200
$1.200
$1.200
$1.200
$1.200
10,00%
$196
$5.882
$5.878
$5.854
$5.240
$4.832
$4.630
$4.626
$4.642
$5.254
$5.845
$5.841
$1.396
$7.082
$7.078
$7.054
$6.440
$6.032
$5.830
$5.826
$5.842
$6.454
$7.045
$7.041
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$595
$595
$595
$595
$595
$595
$595
$595
$595
$595
$595
$595
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$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
$1.991
$7.677
$7.673
$7.649
$7.035
$6.627
$6.425
$6.421
$6.437
$7.049
$7.640
$7.636
$7.909
$2.223
$2.227
$601
$115
($27)
$175
$179
$1.813
$2.851
$2.260
$2.264
Cash Balance
$27.909
$30.131
$32.358
$32.959
$33.074
$33.047
$33.222
$33.401
$35.214
$38.065
$40.325
$42.588
Page 5
Appendix
Page 6
Appendix
Table: Balance Sheet
Pro Forma Balance Sheet
jan
feb
mar
apr
maj
jun
jul
avg
sep
okt
nov
dec
$20.000
$0
$20.000
$27.909
$0
$27.909
$30.131
$0
$30.131
$32.358
$0
$32.358
$32.959
$0
$32.959
$33.074
$0
$33.074
$33.047
$0
$33.047
$33.222
$0
$33.222
$33.401
$0
$33.401
$35.214
$0
$35.214
$38.065
$0
$38.065
$40.325
$0
$40.325
$42.588
$0
$42.588
$200.000
$0
$200.000
$220.000
$200.000
$1.083
$198.917
$226.826
$200.000
$2.166
$197.834
$227.965
$200.000
$3.249
$196.751
$229.109
$200.000
$4.332
$195.668
$228.627
$200.000
$5.415
$194.585
$227.659
$200.000
$6.498
$193.502
$226.549
$200.000
$7.581
$192.419
$225.641
$200.000
$8.664
$191.336
$224.737
$200.000
$9.747
$190.253
$225.467
$200.000
$10.830
$189.170
$227.235
$200.000
$11.913
$188.087
$228.412
$200.000
$12.996
$187.004
$229.592
jan
feb
mar
apr
maj
jun
jul
avg
sep
okt
nov
dec
$0
$0
$0
$0
$5.687
$0
$900
$6.587
$5.683
$0
$1.800
$7.483
$5.679
$0
$2.700
$8.379
$5.079
$0
$3.450
$8.529
$4.678
$0
$4.100
$8.778
$4.476
$0
$4.700
$9.176
$4.472
$0
$5.300
$9.772
$4.468
$0
$5.900
$10.368
$5.059
$0
$6.650
$11.709
$5.651
$0
$7.550
$13.201
$5.647
$0
$8.450
$14.097
$5.643
$0
$9.350
$14.993
Long-term Liabilities
Total Liabilities
$212.000
$212.000
$211.405
$217.992
$210.810
$218.293
$210.215
$218.594
$209.620
$218.149
$209.025
$217.803
$208.430
$217.606
$207.835
$217.607
$207.240
$217.608
$206.645
$218.354
$206.050
$219.251
$205.455
$219.552
$204.860
$219.853
Paid-in Capital
Retained Earnings
Earnings
Total Capital
Total Liabilities and Capital
$100.000
($92.000)
$0
$8.000
$220.000
$100.000
($92.000)
$834
$8.834
$226.826
$100.000
($92.000)
$1.673
$9.673
$227.965
$100.000
($92.000)
$2.516
$10.516
$229.109
$100.000
($92.000)
$2.478
$10.478
$228.627
$100.000
($92.000)
$1.856
$9.856
$227.659
$100.000
($92.000)
$943
$8.943
$226.549
$100.000
($92.000)
$34
$8.034
$225.641
$100.000
($92.000)
($871)
$7.129
$224.737
$100.000
($92.000)
($887)
$7.113
$225.467
$100.000
($92.000)
($16)
$7.984
$227.235
$100.000
($92.000)
$860
$8.860
$228.412
$100.000
($92.000)
$1.739
$9.739
$229.592
$8.000
$8.834
$9.673
$10.516
$10.478
$9.856
$8.943
$8.034
$7.129
$7.113
$7.984
$8.860
$9.739
Assets
Starting Balances
Current Assets
Cash
Other Current Assets
Total Current Assets
Long-term Assets
Long-term Assets
Accumulated Depreciation
Total Long-term Assets
Total Assets
Liabilities and Capital
Current Liabilities
Accounts Payable
Current Borrowing
Other Current Liabilities
Subtotal Current Liabilities
Net Worth
Page 7