Anda di halaman 1dari 59

Integrated Profit and Loss, Balance

Sheet & Cash Flow Financial Model


for Hotels

Business Plan
Date ____________ Version
___________

Business Plan
Date ____________ Version
___________

Loss, Balance
nancial Model
ls

Business Planning Model


Worksheet names and purpose

Name
Cover
Structure

Status
Information
Information

Bespoke

Input

IP1

Input

IP2

Input

P&L
BS
Cash

Reporting
Reporting
Reporting

OvrH

Reporting

Summary

Reporting

CFlow

Reporting

Sales

Calculation

Further
Information
Information

Purpose
Front cover
This page
Specific monthly sales patterns relating to
rooms and events
Input sheet for all model parameters
Input sheet for balance sheet and opening
balance items
Monthly profit and loss account
Monthly balance sheet
Monthly cashflow analysis
Analysis of functional overheads by
department
Profit & Loss / Balance Sheet / Cashflow
and Accounting Ratios in summary format
Graphic of monthly cashflow
Analysis of sales and cost of sales by
month
Contact details

Business Planning Model


Guidance notes
1. Cells
The various cells are shaded in different colours:
Shade

Purpose

Narrative

Input

All such cells in worksheets IP1 and IP2 are


specifically for user input. Surrounding text
prompts for the type of input required (e.g.
amount or percentage)

Input: drop-down
Calculated input

User input is provided by selecting form one of


the pre-populated items in the box (e.g. month
of the year)
No input required the cell is calculated on the
basis of prior input(s)

2. Input Guidance

NOTE: ensure that all navigation within the


worksheets is performed using the horizontal and
vertical scrollbars (cursor access is limited to those
cells requiring user input only)
The two inputs worksheets IP1 and IP2 are the only worksheets that need to be
populated. The individual worksheets allow for input of the following information:

Section

Item

Description
Input the company name (this populates
A.Settings Company name
the name throughout the model)
Input the month in which the financial
First month of financial year year begins (usually January). This
populates all of the tables in the model
Year of first month of
Input the first financial year (the model
financial year
produces outputs for two years)
B.
Input the number of rooms, expected
Sales:Rooms Rooms
occupancy and room rate by day-grouping
& Events

Pattern

Input the number of product / service


items sold per category per annum for
each year
Select the pattern of sales from the dropdown box:
Standard_m1 assumes one twelfth
of sales occur each month
445_m1 assumes 4/52 of sales
occur in the first two months of each
quarter, with 5/52 occurring in the third
month
Bi-Monthly_m1 assumes sales occur
on every other month, with the first sales
in month one
Half-Year_m6 assumes sales occur
twice per year, the first in month six, the
second in month 12
Annual_m1 assumes sales occur
once per year, in month one
Select the VAT rate applying to each
product / service from the drop-down box:

C.Sales
Price

VAT rate

Price

Bad Debts
Section
D.CoS as
%age of
Revenue

Item
VAT rate

CoS %age

E.Other
Costs

Line items

F.Staffrelated
costs

Costs

Standard
Reduced
Tourism
Agricultural
Zero
Exempt
Input the selling price per unit of product /
service EXCLUDING VAT in Euros
Select the percentage of sales (value)
expected to result in bad debts from the
drop-down box
Description
Select the VAT rate applying to the input
factor costs for each product / service
from the drop-down box
Input the percentage of the sales price
(excluding VAT) represented by the direct
Cost of Sales
For each overhead cost item, enter:
Department - name
Item - description
Year 1 annual spend in s
Year 2 - annual spend in s
VAT applicable rate, from dropdown box
Pattern pattern of spend per
month, form drop-down box
NOTE: Mobile Phone and Travel /
Subsistence costs are populated from
individual entries against staff
members in section F
For each named-staff member, enter:
Department select from dropdown

F.Staffrelated
costs

Costs

G.Working
Debtors, CoS, Overheads
Capital

H.Other
Items

Depreciation

Bank Interest

Loans

Section

Item

Leases

I.Taxation PAYE / PRSI


Corporation tax
VAT switch
VAT

J.Assets inputs over


Fixed Assets
individual
months

Name - identifier
Year 1 earnings (excluding
employers' PRSI etc)
Year 2 - earnings (excluding
employers' PRSI etc)
Mobile Ph cellphone costs per
individual (applies both years)
T&S travel costs per individual
(applies both years)
For all creditor categories, enter the
percentage split of cashflow payment /
expenditure flows.
A checkbox indicates whether the inputs
per column sum to 100%
For each of the assets, enter the expected
asset life and select the basis of
depreciation from the drop-down box (viz:
Straight Line or Reducing Balance). The
percentage rate of depreciation is
calculated with reference to the asset life
Enter the percentage rates related to
Overdrafts and Term Loans
The model accommodates two loans and
a financing bank loan for each, enter:
Principal - s
Term - years
Rate - percentage
Residual zero or other
Drawdown date of loan
drawdown
Repayment date of first payment
of principal (if later than drawdown for
a financing loan)
Description
The model accommodates up to three
leases for each, enter:
Principal - s
Term - years
Interest s
Commences date of first
payment
Enter the applicable payroll taxation rate
Enter the applicable Corporation Tax rate
If the drop-down is set to On, all VAT
consequences will be calculated. If set to
Off, VAT is ignored in the model
Input the VAT rates applicable by category
For Land & Buildings, Fixtures & Fittings,
Office Equipment and Motor Vehicles:
Input the opening asset values @
cost
Input accumulated depreciation to
date

J.Assets inputs over


Fixed Assets
individual
months

Working capital

In the case of any additions to


fixed assets in the two years modelled,
enter the book value of the asset
added in the month added box
Enter opening balances note that
opening debtors and creditors will have
their expiry automatically calculated with
reference to the debtor and creditor
profiles at G
Input for details of existing loans, forming
part of the funding at the beginning of the
plan. Details to input are:

Loans

Principal original amount


advanced s
Term the original term of the loan
in years
Rate the interest rate pertaining
Balance the principal remaining
on the loan as of the date of
commencing the business plan (any
additional interest accrued should be
added to the principal

Month
Mth #
Rooms
Events

Jan
1
3.00%
2.00%

Rooms
Events

Sum
100%
100%

Feb
2
3.00%
2.00%
Check
100.0%

Mar
3
5.00%
6.00%

Apr
May
Jun
Jul
Aug
Sep
Oct
4
5
6
7
8
9
10
9.00% 10.00% 10.00% 13.00% 13.00% 10.00% 9.00%
6.00% 12.00% 12.00% 12.00% 12.00% 12.00% 12.00%

Nov
Dec
11
12
3.00% 12.00%
2.00% 10.00%

A. Settings
XYZ Ltd
January
2013

Business name
First month of financial year
Year of first month of financial year

B. Sales: Rooms / Events

Rooms

Pattern
Change in rate/room in
second year

Events

Pattern
Change in event rates in
second year

Mon-Thu
Fri - Sat
Sun
BESPOKE_rooms

Mon-Thu
Fri - Sat
Sun
BESPOKE_events

Events

Occupancy
65%
65%
60%

Events
# / week
2
2
1

Take-up
80%
50%
45%

10%
Pattern
Standard_m1
Standard_m1
viz. all bad debts

D. CoS as %age of Revenue


Bar
Rooms
Restaurant

10%

C. Sales: Transactions
Bar
Restaurant
Bad Debts

#
Available
Rooms
# / day
75
75
75

VAT rate
Standard
Tourism
Standard

VAT rate
i.e. drinks etc
i.e. breakfast
i.e. ingredients / food
i.e. all additional wages,
food & drink

Standard
Standard
Standard

%
%
%

Standard

E. Other costs (exclusive of VAT)


Department
MarMarketing
MarMarketing
MarMarketing
MarMarketing
MarMarketing
Adm
Administration
Adm
Administration
Adm
Administration
Adm
Administration
Adm
Administration
Adm
Administration
Adm
Administration

Item
Advertising
Fees / Commissions
Merchandising
Sales
Marketing & Promotion
Bank charges
Bad Debts
Cleaning
Contract services
Credit card costs
Dues and subscriptions
Information systems

2013
5,000
5,000
5,000
5,000
5,000
1,000
Err:501
50,000
20,000
36,000
1,000
10,000

2014
5,000
5,000
5,000
5,000
5,000
1,000
Err:501
55,000
20,000
40,000
1,500
10,000

Adm
Administration
Adm
Administration
Adm
Administration
Adm
Administration
Adm
Administration
Adm
Administration
Adm
Administration
Adm
Administration
Adm
Administration
Adm
Administration
Adm
Administration
Adm
Administration
UtilUtilities
UtilUtilities
UtilUtilities
UtilUtilities
ProProperty-related
ProProperty-related
ProProperty-related
OpeOperations
OpeOperations
OpeOperations
OpeOperations
OpeOperations
OpeOperations
OpeOperations
OpeOperations
OpeOperations
OpeOperations
OpeOperations
OpeOperations
OpeOperations
OpeOperations
OpeOperations
OpeOperations
Room
Rooms / Rest. / Events
RooRooms / Rest. / Events
RooRooms / Rest. / Events
RooRooms / Rest. / Events
RooRooms / Rest. / Events
RooRooms / Rest. / Events

Legal fees
Loss and damage
Operating supplies & equi
Postage
Printing and stationery
Professional fees
Security
Telecommunications
Training and development
Travel
Uniforms
Other
Electricity
Gas
Oil
Water
Rents
Rates
Building Insurance
Building supplies
Electrical & mech. equip.
Engineering supplies
Furniture
Grounds and landscaping
Heating, vent & a/c equip
Kitchen equipment
Laundry equipment
Life/safety
Operating supplies
Painting and decorating
Removal of waste matter
Spa / Wellness
Swimming pool
Training
Vehicle maintenance
Cable/satellite television
China, Glassware, cutlery
Laundry and dry cleaning
Licenses
Linen
Music and entertainment

5,000
2,500
5,000
500
2,500
7,500
10,000
5,000
10,000
5,000
10,000
1,000
50,000
50,000
0
5,000
0
7,500
11,500
2,400
7,500
6,500
2,500
17,500
25,000
5,000
5,000
7,500
10,000
2,500
5,000
6,500
50,000
12,500
3,000
20,000
20,000
10,000
1,000
5,000
17,500

5,000
5,000
5,000
500
2,500
7,500
10,000
5,000
10,000
5,000
10,000
1,000
60,000
75,000
0
5,000
0
7,500
25,000
2,400
7,500
6,500
2,500
50,000
50,000
5,000
5,000
7,500
10,000
2,500
5,000
6,500
50,000
12,500
3,000
20,000
20,000
10,000
1,000
5,000
17,500

CapCapital a/c

Drawings

37,500

75,000

2013
20,000

2014
30,000

25,000
45,000
75,000

25,000
45,000
80,000

20,000

20,000

F. Staff-related costs
Department
Marketing
Marketing
Administration
Administration
Administration
Administration
Operations

Name
Name #1
Name #2
Name #3
Name #4
Name #5
Name #6
Name #7

Operations
Operations
Operations
Rooms / Rest.
Rooms / Rest.
Rooms / Rest.
Rooms / Rest.
Rooms / Rest.
Rooms / Rest.
Rooms / Rest.
Rooms / Rest.
Rooms / Rest.

/
/
/
/
/
/
/
/
/

Events
Events
Events
Events
Events
Events
Events
Events
Events

Name #8
Name #9
Name #10
Name #11
Name #12
Name #13
Name #14
Name #15
Name #16
Name #17
Name #18
Name #19

30,000
75,000

30,000
80,000

30,000
30,000
30,000
30,000
30,000
30,000
30,000
30,000
30,000

30,000
30,000
30,000
30,000
30,000
30,000
30,000
30,000
30,000

Debtors
75%
15%
5%
5%

CoS
25%
75%

OK

OK

Asset Life years

Basis
St.Line
St.Line
Red.Balance
St.Line

G. Working Capital
Days
0 - 30 Days
31 - 60 Days
61 - 90 Days
90 - 120 Days
Check: sums to 100%

H. Other items
Depreciation
Land and buildings
Fixtures & fittings
Office equipment
Motor vehicle

25
10
5
5

Bank Interest
Overdraft
Existing Term loan

If the headers on Loans or Leases are red,


this indicates that the dates associated with the
Loans / Leases are before the start of the first
financial year.
Start dates must be equal to or later than the
beginning of the first financial year
New Loans
#1
#2
Principal

250,000
250,000
Term
Years
2.00
2.00
Rate
%
7.50%
7.50%
Residual

0
0
Drawdown
Month
Feb-13
Mar-14
Date of first repayment of principal (if different from drawdown date)
Err:502
Leases
Principal
Term
Interest
Commences
I. Taxation

Years

Month

#1

#2

Jan-13

Jan-13

%
%

Taxation
Employers' PRSI
Corporation tax
VAT
Standard
Reduced
Tourism
Agricultural
Zero
Exempt

%
%
Switch : Off means no VAT

On

Pattern
Rate / room
excl VAT -
80
75
70

VAT
Tourism

Rate excl VAT -


VAT
500
Standard
1,500
400

TOTAL Sales excl VAT


2013
2014
500,000
550,000
750,000
750,000
0.5%
CoS %age
65%
10%
60%
70%

VAT
Pattern
Standard
Quarterly_m1
Standard
Quarterly_m1
Standard
Quarterly_m3
Standard
Quarterly_m1
Standard
Quarterly_m2
Standard
Quarterly_m1
Standard BESPOKE_events
Standard
Standard_m1
Standard BESPOKE_events
Standard BESPOKE_rooms
Standard
Quarterly_m2
Standard
Standard_m1

Standard
Standard
Standard
Standard
Standard
Standard
Standard
Standard
Standard
Standard
Standard
Standard
Standard
Standard
Standard
Standard
Standard
Standard
Standard
Standard
Standard
Standard
Standard
Standard
Standard
Standard
Standard
Standard
Standard
Standard
Standard
Standard
Standard
Standard
Standard
Standard
Standard
Standard
Standard
Standard
Standard

Quarterly_m2
BESPOKE_rooms
Standard_m1
Standard_m1
Standard_m1
Standard_m1
Standard_m1
Standard_m1
Standard_m1
Standard_m1
Half-Year_m1
Standard_m1
Quarterly_m1
Quarterly_m1
Standard_m1
Standard_m1
Standard_m1
Annual_m1
Annual_m1
Standard_m1
Standard_m1
Standard_m1
Annual_m2
Standard_m1
Standard_m1
Standard_m1
Standard_m1
Standard_m1
Standard_m1
Standard_m1
Standard_m1
Standard_m1
Standard_m1
Standard_m1
Standard_m1
Standard_m1
BESPOKE_events
BESPOKE_events
BESPOKE_events
BESPOKE_events
BESPOKE_events
Standard_m1

Overheads
25%
75%

OK

Rate
4.00%
10.00%
20.00%
20.00%

10.00%
8.00%

Bank
100,000
2.00
0
Jan-13
Mar-13
#3

Jan-13

2013
15.00%
12.50%

2014
15.00%
12.50%

23.00%
13.50%
9.00%
4.80%
0.00%
0.00%

23.00%
13.50%
13.50%
4.80%
0.00%
0.00%

XYZ Ltd
J. Assets - inputs over individual months
Opening
Balance
s
Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13
FA Land & Buildings Additions
###
FA Land & Buildings Depreciation
###
FA Fixtures & Fittings Additions
###
475,000
FA Fixtures & Fittings Depreciation 450,000
FA Office Equipment Additions
200,000
FA Office Equipment Depreciation 100,000
FA Motor Vehicles
Additions
25,000
FA Motor Vehicles
New leases
FA Motor Vehicles
Depreciation 10,000
Cap Capital a/c
Additions
WC Trade Debtors
Balance
30,000
7,500
3,000
1,500
0
WC Stock
Balance
WC Trade Creditors
Balance
45,000 33,750
0
0
0
Other Creditors WC Overheads
Balance
0
0
0
0
Payroll Control
WC Account
Balance
PAYE / PRSI
WC Control Account
Balance
WC Corporation Tax
Balance
WC VAT
Balance
WC Cash
Balance
-20,000
WC
WC
WC
WC

Existing
Existing
Existing
Existing

Loan
Loan
Loan
Loan

#1
#1
#1
#1

Principal
Term
Rate %
Balance

WC
WC
WC
WC

Existing
Existing
Existing
Existing

Loan
Loan
Loan
Loan

#2
#2
#2
#2

Principal
Term
Rate %
Balance

Jul-13 Aug-13 Sep-13 Oct-13

40,000

WC
WC
WC
WC

Existing
Existing
Existing
Existing

Lease
Lease
Lease
Lease

Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14

475,000

Principal
Term
Rate %
Balance

Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14

Sales Value
Rooms
Events
Bar
Restaurant
Sales
Cost of Sales
Rooms
Events
Bar
Restaurant
CoS

Jan-13
Err:501
Err:501
Err:501
Err:501
68,385

Feb-13
Err:501
Err:501
Err:501
Err:501
Err:501

Mar-13
Err:501
Err:501
Err:501
Err:501
Err:501

Apr-13
Err:501
Err:501
Err:501
Err:501
Err:501

May-13
Err:501
Err:501
Err:501
Err:501
Err:501

Jun-13
Err:501
Err:501
Err:501
Err:501
Err:501

Jul-13
Err:501
Err:501
Err:501
Err:501
Err:501

Aug-13
Err:501
Err:501
Err:501
Err:501
Err:501

Sep-13
Err:501
Err:501
Err:501
Err:501
Err:501

Oct-13
Err:501
Err:501
Err:501
Err:501
Err:501

Nov-13
Err:501
Err:501
Err:501
Err:501
Err:501

Dec-13
Err:501
Err:501
Err:501
Err:501
Err:501

Err:501
Err:501
Err:501
Err:501
21,391

Err:501
Err:501
Err:501
Err:501
Err:501

Err:501
Err:501
Err:501
Err:501
Err:501

Err:501
Err:501
Err:501
Err:501
Err:501

Err:501
Err:501
Err:501
Err:501
Err:501

Err:501
Err:501
Err:501
Err:501
Err:501

Err:501
Err:501
Err:501
Err:501
Err:501

Err:501
Err:501
Err:501
Err:501
Err:501

Err:501
Err:501
Err:501
Err:501
Err:501

Err:501
Err:501
Err:501
Err:501
Err:501

Err:501
Err:501
Err:501
Err:501
Err:501

Err:501
Err:501
Err:501
Err:501
Err:501

Sales Value
Rooms
Events
Bar
Restaurant
Sales
Cost of Sales
Rooms
Events
Bar
Restaurant
CoS

Jan-14
Err:501
Err:501
Err:501
Err:501
Err:501

Feb-14
Err:501
Err:501
Err:501
Err:501
Err:501

Mar-14
Err:501
Err:501
Err:501
Err:501
Err:501

Apr-14
Err:501
Err:501
Err:501
Err:501
Err:501

May-14
Err:501
Err:501
Err:501
Err:501
Err:501

Jun-14
Err:501
Err:501
Err:501
Err:501
Err:501

Jul-14
Err:501
Err:501
Err:501
Err:501
Err:501

Aug-14
Err:501
Err:501
Err:501
Err:501
Err:501

Sep-14
Err:501
Err:501
Err:501
Err:501
Err:501

Oct-14
Err:501
Err:501
Err:501
Err:501
Err:501

Nov-14
Err:501
Err:501
Err:501
Err:501
Err:501

Dec-14
Err:501
Err:501
Err:501
Err:501
Err:501

Err:501
Err:501
Err:501
Err:501
22,630

Err:501
Err:501
Err:501
Err:501
Err:501

Err:501
Err:501
Err:501
Err:501
Err:501

Err:501
Err:501
Err:501
Err:501
Err:501

Err:501
Err:501
Err:501
Err:501
Err:501

Err:501
Err:501
Err:501
Err:501
Err:501

Err:501
Err:501
Err:501
Err:501
Err:501

Err:501
Err:501
Err:501
Err:501
Err:501

Err:501
Err:501
Err:501
Err:501
Err:501

Err:501
Err:501
Err:501
Err:501
Err:501

Err:501
Err:501
Err:501
Err:501
Err:501

Err:501
Err:501
Err:501
Err:501
Err:501

XYZ Ltd
Overheads Analysis for the year en
31-Dec-13
Function
Item
Group
Jan-13 Feb-13 Mar-13
Marketing
Wages & Salaries
Payroll Control Account
Err:501 Err:501 Err:501
Marketing
PAYE / PRSI
PAYE / PRSI Control Accou Err:501 Err:501 Err:501
Marketing
Advertising
Other Creditors - Overhea Err:501 Err:501 Err:501
Marketing
Fees / Commissions
Other Creditors - Overhea Err:501 Err:501 Err:501
Marketing
Merchandising
Other Creditors - Overhea Err:501 Err:501 Err:501
Marketing
Sales
Other Creditors - Overhea Err:501 Err:501 Err:501
Marketing
Marketing & Promotion Other Creditors - Overhea Err:501 Err:501 Err:501
AdministrationWages & Salaries
Payroll Control Account
Err:501 Err:501 Err:501
AdministrationPAYE / PRSI
PAYE / PRSI Control Accou Err:501 Err:501 Err:501
AdministrationBank charges
Other Creditors - Overhea Err:501 Err:501 Err:501
AdministrationBad Debts
Other Creditors - Overhea Err:501 Err:501 Err:501
AdministrationCleaning
Other Creditors - Overhea Err:501 Err:501 Err:501
AdministrationContract services
Other Creditors - Overhea Err:501 Err:501 Err:501
AdministrationCredit card costs
Other Creditors - Overhea Err:501 Err:501 Err:501
AdministrationDues and subscriptions Other Creditors - Overhea Err:501 Err:501 Err:501
AdministrationInformation systems
Other Creditors - Overhea Err:501 Err:501 Err:501
AdministrationLegal fees
Other Creditors - Overhea Err:501 Err:501 Err:501
AdministrationLoss and damage
Other Creditors - Overhea Err:501 Err:501 Err:501
AdministrationOperating supplies & equiOther Creditors - Overhea Err:501 Err:501 Err:501
AdministrationPostage
Other Creditors - Overhea Err:501 Err:501 Err:501
AdministrationPrinting and stationery
Other Creditors - Overhea Err:501 Err:501 Err:501
AdministrationProfessional fees
Other Creditors - Overhea Err:501 Err:501 Err:501
AdministrationSecurity
Other Creditors - Overhea Err:501 Err:501 Err:501
AdministrationTelecommunications
Other Creditors - Overhea Err:501 Err:501 Err:501
AdministrationTraining and developmentOther Creditors - Overhea Err:501 Err:501 Err:501
AdministrationTravel
Other Creditors - Overhea Err:501 Err:501 Err:501
AdministrationUniforms
Other Creditors - Overhea Err:501 Err:501 Err:501
AdministrationOther
Other Creditors - Overhea Err:501 Err:501 Err:501
Utilities
Electricity
Other Creditors - Overhea Err:501 Err:501 Err:501
Utilities
Gas
Other Creditors - Overhea Err:501 Err:501 Err:501
Utilities
Oil
Other Creditors - Overhea Err:501 Err:501 Err:501
Utilities
Water
Other Creditors - Overhea Err:501 Err:501 Err:501
Property-relat Rents
Other Creditors - Overhea Err:501 Err:501 Err:501
Property-relat Rates
Other Creditors - Overhea Err:501 Err:501 Err:501
Property-relat Building Insurance
Other Creditors - Overhea Err:501 Err:501 Err:501
Operations
Wages & Salaries
Payroll Control Account
Err:501 Err:501 Err:501
Operations
PAYE / PRSI
PAYE / PRSI Control Accou Err:501 Err:501 Err:501
Operations
Building supplies
Other Creditors - Overhea Err:501 Err:501 Err:501
Operations
Electrical & mech. equip. Other Creditors - Overhea Err:501 Err:501 Err:501
Operations
Engineering supplies
Other Creditors - Overhea Err:501 Err:501 Err:501
Operations
Furniture
Other Creditors - Overhea Err:501 Err:501 Err:501
Operations
Grounds and landscaping Other Creditors - Overhea Err:501 Err:501 Err:501
Operations
Heating, vent & a/c equip Other Creditors - Overhea Err:501 Err:501 Err:501
Operations
Kitchen equipment
Other Creditors - Overhea Err:501 Err:501 Err:501
Operations
Laundry equipment
Other Creditors - Overhea Err:501 Err:501 Err:501
Operations
Life/safety
Other Creditors - Overhea Err:501 Err:501 Err:501
Operations
Operating supplies
Other Creditors - Overhea Err:501 Err:501 Err:501
Operations
Painting and decorating Other Creditors - Overhea Err:501 Err:501 Err:501
Operations
Removal of waste matter Other Creditors - Overhea Err:501 Err:501 Err:501
Operations
Spa / Wellness
Other Creditors - Overhea Err:501 Err:501 Err:501
Operations
Swimming pool
Other Creditors - Overhea Err:501 Err:501 Err:501
Operations
Training
Other Creditors - Overhea Err:501 Err:501 Err:501
Operations
Vehicle maintenance
Other Creditors - Overhea Err:501 Err:501 Err:501
Rooms / Rest. Wages & Salaries
Payroll Control Account
Err:501 Err:501 Err:501

Rooms
Rooms
Rooms
Rooms
Rooms
Rooms
Rooms

/
/
/
/
/
/
/

Rest.
Rest.
Rest.
Rest.
Rest.
Rest.
Rest.

PAYE / PRSI
PAYE / PRSI Control Accou
Cable/satellite television Other Creditors - Overhea
China, Glassware, cutlery Other Creditors - Overhea
Laundry and dry cleaning Other Creditors - Overhea
Licenses
Other Creditors - Overhea
Linen
Other Creditors - Overhea
Music and entertainment Other Creditors - Overhea

Err:501
Err:501
Err:501
Err:501
Err:501
Err:501
Err:501

Err:501
Err:501
Err:501
Err:501
Err:501
Err:501
Err:501

Err:501
Err:501
Err:501
Err:501
Err:501
Err:501
Err:501

Apr-13 May-13 Jun-13


Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501

Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13


Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501

Err:501
Err:501
Err:501
Err:501
Err:501
Err:501
Err:501

Err:501
Err:501
Err:501
Err:501
Err:501
Err:501
Err:501

Err:501
Err:501
Err:501
Err:501
Err:501
Err:501
Err:501

Err:501
Err:501
Err:501
Err:501
Err:501
Err:501
Err:501

Err:501
Err:501
Err:501
Err:501
Err:501
Err:501
Err:501

Err:501
Err:501
Err:501
Err:501
Err:501
Err:501
Err:501

Err:501
Err:501
Err:501
Err:501
Err:501
Err:501
Err:501

Err:501
Err:501
Err:501
Err:501
Err:501
Err:501
Err:501

Err:501
Err:501
Err:501
Err:501
Err:501
Err:501
Err:501

XYZ Ltd
Overheads Analysis for the year end
###
Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501
Err:501 Err:501 Err:501 Err:501 Err:501 Err:501

Jul-14 Aug-14 Sep-14


Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501

Err:501
Err:501
Err:501
Err:501
Err:501
Err:501
Err:501

Err:501
Err:501
Err:501
Err:501
Err:501
Err:501
Err:501

Err:501
Err:501
Err:501
Err:501
Err:501
Err:501
Err:501

Err:501
Err:501
Err:501
Err:501
Err:501
Err:501
Err:501

Err:501
Err:501
Err:501
Err:501
Err:501
Err:501
Err:501

Err:501
Err:501
Err:501
Err:501
Err:501
Err:501
Err:501

Err:501
Err:501
Err:501
Err:501
Err:501
Err:501
Err:501

Err:501
Err:501
Err:501
Err:501
Err:501
Err:501
Err:501

Err:501
Err:501
Err:501
Err:501
Err:501
Err:501
Err:501

Oct-14 Nov-14 Dec-14


Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501
Err:501 Err:501 Err:501

Err:501
Err:501
Err:501
Err:501
Err:501
Err:501
Err:501

Err:501
Err:501
Err:501
Err:501
Err:501
Err:501
Err:501

Err:501
Err:501
Err:501
Err:501
Err:501
Err:501
Err:501

XYZ Ltd
Profit & Loss Account for the year end
Sales
Cost of Sales
Gross Profit
Overheads
Administration
Marketing
Operations
Property-related
Rooms / Rest. / Events
Utilities
Total Overheads

31-Dec-13
Jan-13
68,385
(21,391)
46,994

Feb-13
68,385
(21,391)
46,994

Mar-13
150,759
(58,734)
92,025

Apr-13
205,156
(64,174)
140,981

May-13
301,519
(117,469)
184,050

Jun-13
301,519
(117,469)
184,050

29,725
5,667
25,804
19,000
28,612
25,417
134,224

25,975
3,167
28,304
0
28,612
417
86,474

26,343
3,167
25,804
0
30,752
417
86,482

28,133
5,667
25,804
0
30,752
25,417
115,772

31,414
3,167
25,804
0
33,962
417
94,764

29,914
3,167
25,804
0
33,962
417
93,264

EBITDA

(87,230)

(39,480)

5,543

25,210

89,286

90,786

41,250
(128,480)

41,139
(80,619)

44,990
(39,447)

44,886
(19,676)

44,786
44,501

44,689
46,098

0
667
167
833

0
2,229
0
2,229

0
2,169
0
2,169

0
2,080
2,379
4,459

0
1,991
2,314
4,305

0
1,901
1,746
3,648

(129,313)

(82,848)

(41,615)

(24,135)

40,195

42,450

Err:501
Err:501

Err:501
Err:501

Err:501
Err:501

Err:501
Err:501

Err:501
Err:501

Err:501
Err:501

(129,313)

(212,162)

(253,777)

(277,912)

(237,717)

(195,267)

Depreciation
EBIT
Lease interest
Loan interest
Bank interest
Total interest
PBT
Taxation
PAT
Accumulated results
XYZ Ltd
Profit & Loss Account for the year end

31-Dec-14

P&L

Page 31

Jul-13
342,316
(121,549)
220,767

Aug-13
342,316
(121,549)
220,767

Sep-13
301,519
(117,469)
184,050

Oct-13
287,920
(116,109)
171,811

Nov-13
68,385
(21,391)
46,994

Dec-13
301,129
(102,877)
198,252

36,319
5,667
25,804
0
33,962
25,417
127,169

32,569
3,167
25,804
0
33,962
417
95,919

29,914
3,167
25,804
0
33,962
417
93,264

29,779
5,667
25,804
0
33,962
25,417
120,629

25,975
3,167
25,804
0
28,612
417
83,974

30,135
3,167
25,804
0
32,892
417
92,415

93,599

124,849

90,786

51,182

(36,980)

105,837

44,595
49,004

45,171
79,678

45,083
45,703

44,998
6,184

44,917
(81,897)

44,837
61,000

0
1,812
1,279
3,090

0
1,721
568
2,289

0
1,631
271
1,901

0
1,540
0
1,540

0
1,448
0
1,448

0
1,356
80
1,437

45,914

77,389

43,802

4,644

(83,345)

59,563

Err:501
Err:501

Err:501
Err:501

Err:501
Err:501

Err:501
Err:501

Err:501
Err:501

Err:501
Err:501

(149,353)

(71,964)

(28,162)

(23,518)

(106,863)

(47,300)

P&L

Page 32

P&L
Sales
Cost of Sales
Gross Profit
Overheads
Administration
Marketing
Operations
Property-related
Rooms / Rest. / Events
Utilities
Total Overheads

Jan-14
73,724
(22,630)
51,093

Feb-14
73,724
(22,630)
51,093

Mar-14
161,335
(61,908)
99,427

Apr-14
221,171
(67,891)
153,280

May-14
322,671
(123,816)
198,855

Jun-14
322,671
(123,816)
198,855

30,830
6,625
31,075
32,500
28,612
34,167
163,809

27,205
4,125
33,575
0
28,612
417
93,934

27,608
4,125
31,075
0
30,752
417
93,976

29,658
6,625
31,075
0
30,752
34,167
132,276

33,175
4,125
31,075
0
33,962
417
102,753

31,550
4,125
31,075
0
33,962
417
101,128

EBITDA

(112,716)

(42,841)

5,451

21,003

96,102

97,727

Depreciation
EBIT

44,761
(157,476)

44,687
(87,528)

44,615
(39,164)

44,546
(23,543)

48,438
47,664

48,373
49,354

0
1,264
0
1,264

0
1,172
0
1,172

0
2,641
912
3,553

0
2,487
0
2,487

0
2,332
0
2,332

0
2,177
2,158
4,335

(158,741)

(88,699)

(42,717)

(26,030)

45,332

45,019

Err:501
Err:501

Err:501
Err:501

Err:501
Err:501

Err:501
Err:501

Err:501
Err:501

Err:501
Err:501

(206,041)

(294,740)

(337,457)

Err:501

Err:501

Err:501

Lease interest
Loan interest
Bank interest
Total interest
PBT
Taxation
PAT
Accumulated results

P&L

Page 33

Jul-14
367,547
(128,303)
239,244

Aug-14
367,547
(128,303)
239,244

Sep-14
322,671
(123,816)
198,855

Oct-14
307,712
(122,320)
185,392

Nov-14
73,724
(22,630)
51,093

Dec-14
323,742
(108,665)
215,077

38,150
6,625
31,075
0
33,962
34,167
143,978

34,525
4,125
31,075
0
33,962
417
104,103

31,550
4,125
31,075
0
33,962
417
101,128

31,350
6,625
31,075
0
33,962
34,167
137,178

27,205
4,125
31,075
0
28,612
417
91,434

31,886
4,125
31,075
0
32,892
417
100,394

95,266

135,141

97,727

48,214

(40,341)

114,683

48,311
46,955

48,250
86,891

48,192
49,535

48,136
78

48,081
(88,422)

48,028
66,654

0
2,020
1,674
3,695

0
1,863
1,104
2,967

0
1,705
471
2,177

0
1,546
9
1,556

0
1,387
0
1,387

0
1,226
789
2,015

43,261

83,924

47,358

(1,477)

(89,809)

64,639

Err:501
Err:501

Err:501
Err:501

Err:501
Err:501

Err:501
Err:501

Err:501
Err:501

Err:501
Err:501

Err:501

Err:501

Err:501

Err:501

Err:501

Err:501

P&L

Page 34

XYZ Ltd
Balance Sheet for the year ending:
###
Opening Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13
Fixed Assets
Tangible Assets
###
###
###
###
###
###
###
Current Assets
Stock
Trade Debtors
VAT
Cash at hand and in Bank
Current Liabilities
Trade Creditors
Other creditors
PAYE / PRSI
Overdraft
Corporation Tax
VAT
Bank Loan
Loan Obligations
Finance Lease Obligations

Net Assets / (Liabilities)

###

Aug-13
###

Sep-13
###

Oct-13
###

0
30,000
0
0
30,000

0
0
0
26,576
29,706
55,349
15,531
20,080
2,201
66,502 176,502
0
###
### 57,550

45,000
0
0
20,000
0
0
0
0
0
65,000

53,484
19,734
54,183
59,201 108,365 108,365 112,129 112,129 108,365 107,111
74,314
30,265
30,272
57,292
37,912
36,528
67,806
38,977
36,528
61,772
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
7,000
0
0 285,471 277,730 209,567 153,447
68,122
32,477
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,241
2,826
0
229
1,586
0
45,833
50,000
50,000
50,000
50,000
50,000
50,000
50,000
50,000
50,000
0 121,081 121,838 122,600 123,366 124,137 124,913 125,693 126,479 127,269
0
0
0
0
0
0
0
0
0
0
###
###
###
###
###
###
###
###
###
###

Net Current Assets / (Liabi(35,000) (72,022) (1,791)


Long Term Liabilities
Bank Loan
Loan Obligations
Finance Lease obligations

Jul-13

0
0
0
0
0
0
0
78,003 116,179 130,176 146,809 151,256 142,362 134,209
7,494
0
0
3,479
0
0
4,034
0
0
0
0
0
43,034 101,726
85,498
###
###
###
###
###
###

###

###

###

0
54,167
50,000
45,833
0
0 119,231 108,727
0
0
0
0
0 54,167
###
###

41,667
98,156
0
###

37,500
87,520
0
###

###

###

###

###

###

###

###

###

###

###

###

33,333
29,167
25,000
20,833
16,667
76,817
66,047
55,210
44,305
33,332
0
0
0
0
0
### 95,214 80,210 65,139 49,999
###

###

###

###

###

Capital and reserves

BS

Page 35

Nov-13

Dec-13

### 7,148,660

0
68,478
3,974
0
72,451

0
108,111
634
123,822
232,568

19,734
94,904
27,958
35,745
7,000
7,000
9,639
0
0
0
0
0
50,000
50,000
128,065
128,865
0
0
### 316,514
###

(83,947)

12,500
22,291
0
34,791

8,333
11,180
0
19,513

### 7,045,200

BS

Page 36

Capital a/c
Profit and loss account
Drawings
Reserves
Shareholders Funds

0
0
0
###
###

0
###
(3,125)
###
###

0
###
(6,250)
###
###

XYZ Ltd
Balance Sheet for the year ending:

###

Check

0
0
0
0
0
0
0
0
###
###
###
###
### (71,964) (28,162) (23,518)
(9,375) (12,500) (15,625) (18,750) (21,875) (25,000) (28,125) (31,250)
###
###
###
###
###
###
###
###
###
###
###
###
###
###
###
###
0

BS

Page 37

0
0
###
(47,300)
(34,375)
(37,500)
### 7,130,000
### 7,045,200
0

BS

Page 38

Opening Jan-14
Fixed Assets
Tangible Assets
Current Assets
Stock
Trade Debtors
VAT
Cash at hand and in Bank
Current Liabilities
Trade Creditors
Other creditors
PAYE / PRSI
Overdraft
Corporation Tax
VAT
Bank Loan
Loan Obligations
Finance Lease Obligations

###

0
0
108,111
58,767
634
18,829
123,822
10,516
### 88,112

Net Assets / (Liabilities)


Capital and reserves
Capital a/c
Profit and loss account

###

Mar-14

Apr-14

###

###

May-14
###

Jun-14
###

Jul-14
###

Aug-14
###

Sep-14
###

Oct-14
###

0
0
0
0
0
0
0
0
0
46,599
59,514
86,700 128,382 143,692 162,383 167,477 157,290 147,952
21,586
0
0
0
0
0
0
0
0
0 159,490 161,487
0
0
0
0
0
57,804
68,185
###
###
###
###
###
###
###
###

94,904
20,877
20,877
57,110
62,630 114,220 114,220 118,360 118,360 114,220 112,840
35,745
99,838
35,378
35,418
70,749
43,514
42,015
81,544
44,759
42,015
75,271
7,000
7,250
7,250
7,250
7,250
7,250
7,250
7,250
7,250
7,250
7,250
0
0 109,401
0
0 259,013 200,921 132,446
56,555
1,093
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,657
3,207
12,127
24,627
7,671
24,513
12,500
15,034
50,000
50,000
50,000
45,833
41,667
37,500
33,333
29,167
25,000
20,833
16,667
128,865 129,601 119,231 229,808 219,994 210,119 200,183 190,184 180,123 169,999 159,811
0
0
0
0
0
0
0
0
0
0
0
###
###
###
###
###
###
###
###
###
###
###

Net Current Assets / (Liabi(83,947)


Long Term Liabilities
Bank Loan
Loan Obligations
Finance Lease obligations

###

Feb-14

8,333
11,180
0
19,513
###

###

4,167
70
0
4,237
###

###

###

###

###

###

###

###

###

###

0
0
0
0
0
0
0
0
0
0 119,231 108,727
98,156
87,520
76,817
66,047
55,210
44,305
0
0
0
0
0
0
0
0
0
0
###
### 98,156 87,520 76,817 66,047 55,210 44,305
###

###

###

###

###

###

###

###

###

(37,500) (37,500) (37,500) (37,500) (37,500) (37,500) (37,500) (37,500) (37,500) (37,500) (37,500)
0
###
###
###
###
###
###
### (98,652) (51,294) (52,771)

BS

Page 39

Nov-14

Dec-14

### 7,059,241

0
75,669
2,182
0
77,851

0
119,862
0
44,656
164,519

20,877
100,243
33,072
41,338
7,250
7,250
94,660
0
0
0
0
12,801
12,500
8,333
149,560
139,245
0
0
### 309,210
### (144,691)

0
33,332
0
33,332

0
22,291
0
22,291

### 6,892,259

(37,500)
###

(37,500)
(77,941)

BS

Page 40

Drawings
Reserves
Shareholders Funds
Check

0
###
###
0

(6,250) (12,500) (18,750) (25,000) (31,250) (37,500) (43,750) (50,000) (56,250) (62,500)
###
###
###
###
###
###
###
###
###
###
###
###
###
###
###
###
###
###
###
###
0

BS

Page 41

(68,750)
(75,000)
### 7,082,700
### 6,892,259
0

BS

Page 42

XYZ Ltd
Cashflow for the year ending:
Inflows
Sales Receipts
VAT
Bank Debt
Loans
Lease Receipts
Equity
Total Inflows

###
Jan-13 Feb-13

Mar-13

Apr-13

May-13

Jun-13

Jul-13

Aug-13

Sep-13

Oct-13

Nov-13

79,727 73,172 143,971 206,252 301,054 325,233 367,065 379,251 348,123 332,559 142,034
0
0 20,080
0
7,494
0
0
0
0
0
4,034
100,000
0
0
0
0
0
0
0
0
0
0
0 250,000
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
###

###

###

###

0 475,000
60,061 37,794
84,402 40,355
46,667 46,667
7,000
7,000
3,125
3,125
0
0
0
0
667
667
0
4,167
11,250 11,250
0
0
###
###

0
73,916
49,369
46,667
7,000
3,125
0
0
639
4,167
11,250
0
###

###

###

###

###

###

###

###

Outflows
Fixed Asset Additions
Creditor Payments - COS
Creditor Payments - Overheads
Payroll
PAYE / PRSI
Drawings
Corporation Tax
VAT
Bank Loan - Interest
Bank Loan - Repayment
Loan - Repayment
Finance Leases
Total Outflows
Net Cash Inflow / (Outflow)
Cash Reconciliation
Opening Balance
Net Cash Inflow / (Outflow)
Overdraft Interest

0
17,828
24,771
46,667
0
3,125
0
0
667
0
0
0
93,058

86,669 110,000

0
0
0 40,000
0
0
0
95,322 144,487 145,741 149,505 148,250 144,069 113,688
69,929 50,088 59,130 80,798 51,153 57,119 71,092
46,667 46,667 46,667 46,667 46,667 46,667 46,667
7,000
7,000
7,000
7,000
7,000
7,000
7,000
3,125
3,125
3,125
3,125
3,125
3,125
3,125
0
0
0
0
0
0
0
0
0
2,826
0
229
0
0
611
583
556
528
500
472
444
4,167
4,167
4,167
4,167
4,167
4,167
4,167
11,250 11,250 11,250 11,250 11,250 11,250 11,250
0
0
0
0
0
0
0
###
###
###
###
###
###
###

###

10,120

70,477

57,866

86,604

(20,000) 66,502 176,502


86,669 110,000
###
(167)
0
0

###
10,120
(2,379)

###
70,477
(2,314)

###
57,866
(1,746)

### (68,122) (32,477)


86,604 36,213 75,782
(1,279)
(568)
(271)

Cash

36,213

75,782

58,691

###

43,034 101,726
58,691
###
0
0

Page 43

Dec-13
297,409
0
0
0
0
0
###

0
51,368
39,873
46,667
7,000
3,125
0
0
417
4,167
11,250
0
###
133,542

(9,639)
133,542
(80)

Cash

Page 44

Closing Balance
XYZ Ltd
Cashflow for the year ending:

66,502 176,502

###

###

###

### (68,122) (32,477)

43,034 101,726

(9,639)

###

Cash

Page 45

123,822

Cash

Page 46

Jan-14
Inflows
Sales Receipts
VAT
Bank Debt
Loans
Lease Receipts
Equity
Total Inflows

134,336
634
0
0
0
0

Feb-14

Mar-14

Apr-14

May-14

Jun-14

Jul-14

Aug-14

Sep-14

Oct-14

Nov-14

97,160 174,147 227,790 332,442 358,813 406,368 419,966 384,311 366,484 157,275
0 21,586
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0 250,000
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

### 97,160

###

###

###

###

###

###

###

###

###

Outflows
Fixed Asset Additions
Creditor Payments - COS
Creditor Payments - Overheads
Payroll
PAYE / PRSI
Drawings
Corporation Tax
VAT
Bank Loan - Interest
Bank Loan - Repayment
Loan - Repayment
Finance Leases
Total Outflows
Net Cash Inflow / (Outflow)

Cash Reconciliation
Opening Balance
Net Cash Inflow / (Outflow)
Overdraft Interest
Closing Balance

0
0
101,863 27,835
69,024 111,631
48,333 48,333
7,000
7,250
6,250
6,250
0
0
0
0
389
361
4,167
4,167
11,250 11,250
0
0
###
###
###

123,822
###
0
10,516

0
39,913
47,184
48,333
7,250
6,250
0
0
333
4,167
22,500
0
###

### 269,802

0 475,000
0
0
0
0
0
0
77,987 100,703 152,293 153,673 157,813 156,433 151,833 119,799
59,001 85,254 57,519 69,196 96,464 58,764 67,105 86,295
48,333 48,333 48,333 48,333 48,333 48,333 48,333 48,333
7,250
7,250
7,250
7,250
7,250
7,250
7,250
7,250
6,250
6,250
6,250
6,250
6,250
6,250
6,250
6,250
0
0
0
0
0
0
0
0
0
3,207
0 24,627
0 24,513
0 15,034
306
278
250
222
194
167
139
111
4,167
4,167
4,167
4,167
4,167
4,167
4,167
4,167
22,500 22,500 22,500 22,500 22,500 22,500 22,500 22,500
0
0
0
0
0
0
0
0
###
###
###
###
###
###
###
###
1,997

###

60,251

70,149

10,516
### 159,490 161,487
### 269,802
1,997
###
0
(912)
0
0
### 159,490 161,487
###

###
60,251
(2,158)
###

###
### (56,555)
70,149 76,994 55,933
(1,674) (1,104)
(471)
### (56,555) (1,093)

Cash

76,994

55,933

58,906

###

(1,093) 57,804
58,906
###
(9)
0
57,804 (94,660)

Page 47

Dec-14
329,830
0
0
0
0
0
###

0
54,291
46,851
48,333
7,250
6,250
0
0
83
4,167
22,500
0
###
140,105

(94,660)
140,105
(789)
44,656

Cash

Page 48

XYZ Ltd

Profit & Loss


Sales
Cost of Sales
Gross Profit

2013
'000
2,739.3
-1,001.6
1,737.7

2014
'000
2,938.2
-1,056.7
1,881.5

Overheads

-1,224.3

-1,366.1

EBITDA

513.4

515.4

Outflows

Depreciation
Interest / Charges
Taxation
Net profit/(loss)

-531.3
-29.3
0.0
-47.3

-564.4
-28.9
0.0
-77.9

Closing Balance

Balance Sheet

2013
'000

2014
'000

7,148.7

7,059.2

232.6
-316.5

164.5
-309.2

-83.9
-19.5

-144.7
-22.3

7,045.2

6,892.3

Fixed Assets

Current Assets
Current Liabilities
Net Current Asse
Long-term Liabilitie

Net Assets

Cashflow
Opening balance
Inflows

2013
'000
-20.0

2014
'000
132.6

3,377.5

3,661.1

-3,224.8 -3,733.2

132.6

60.6

2013

2014

0.73
0.73

0.53
0.53

Working Capital: Sales Reven


Debtors : Creditors Ratio

-1.1%
0.79

-1.4%
0.74

As a ratio of Sales:
EBITDA
EBIT
PBT
PAT

15.9%
-0.6%
-1.5%
-1.5%

17.5%
-1.7%
-2.7%
-2.7%

Ratios

Current Ratio
Quick Ratio

CASH FLOW - TWO YEARS


XYZ Ltd
600
400
200
0

Cashflow - '000

-200
-400
-600
-800
-1,000
Jan-13

Mar-13

May-13

Jul-13

Sep-13

Nov-13

Jan-14

Mar-14

May-14

Date
In
Out
Period

Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13


179.7
323.2
164.1
206.3
308.5
325.2
(93.1) (213.2) (626.0) (196.1) (238.1) (267.4)
86.7
110.0
(462.0)
10.1
70.5
57.9

Jul-13 Aug-13 Sep-13


367.1
379.3
348.1
(280.5) (343.0) (272.3)
86.6
36.2
75.8

Date
In
Out
Cum

Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14


135.0
97.2
445.7
227.8
332.4
358.8
(248.3) (217.1) (175.9) (225.8) (752.9) (298.6)
(113.3) (119.9)
269.8
2.0
(420.5)
60.3

Jul-14 Aug-14 Sep-14


406.4
420.0
384.3
(336.2) (343.0) (328.4)
70.1
77.0
55.9

Jul-14

Sep-14

Mar-14

May-14

Jul-14

Sep-14

Nov-14

Oct-13 Nov-13 Dec-13


332.6
146.1
297.4
(273.9) (257.4) (163.9)
58.7
(111.4)
133.5
Oct-14 Nov-14 Dec-14
366.5
157.3
329.8
(307.6) (309.7) (189.7)
58.9
(152.5)
140.1

Date
In
Out
Cum

Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13


179,727 323,172 164,051 206,252 308,548 325,233
(93,058)
###
###
###
###
###
66502.43 176502 -285471 -277730 -209567 -153447

Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14
Jul-14 Aug-14
367,065 379,251 348,123 332,559 146,068 297,409 134,970
97,160 445,733 227,790 332,442 358,813 406,368 419,966
###
###
###
###
###
###
###
###
###
###
###
###
###
###
-68122
-32477 43034.5 101726 -9639.26 123822 10516.19 -109401 159490 161487 -259013 -200921 -132446 -56555.2

Sep-14 Oct-14 Nov-14 Dec-14


384,311 366,484 157,275 329,830
###
###
###
###
-1093.03 57804.11 -94659.8 44656.1

For more information please contact:


Brendan Waters
Partner
Tel: +353 (0) 1 449 4400 email: bwaters@mazars.ie
Mazars, Harcourt Centre, Block 3, Harcourt Road, Dublin 2
Mazars.ie