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Projected Income Statement

The document projects the income statement, cash flow statement, and balance sheet for a construction company from 2020-2024. It assumes sales will grow 20% annually for new constructions and 15% for repair work. Cost of sales and expenses are also projected to rise 10% yearly. The projections estimate rising profits, positive cash flow, and growing receivables and equity over the period.

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debate dd
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964 views8 pages

Projected Income Statement

The document projects the income statement, cash flow statement, and balance sheet for a construction company from 2020-2024. It assumes sales will grow 20% annually for new constructions and 15% for repair work. Cost of sales and expenses are also projected to rise 10% yearly. The projections estimate rising profits, positive cash flow, and growing receivables and equity over the period.

Uploaded by

debate dd
Copyright
© © All Rights Reserved
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
Download as xlsx, pdf, or txt
Download as xlsx, pdf, or txt
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Projected Income Statement

Sales 2020 2021 2022


New Constructions 45,000,000.00 54,000,000.00 64,800,000.00
Repair Work 25,000,000.00 28,750,000.00 33,062,500.00
Alteration Work 3,000,000.00 3,300,000.00 3,630,000.00
Total Sales 73,000,000.00 86,050,000.00 101,492,500.00
Less: Direct Cost of Sales
New Constructions 30,000,000.00 34,500,000.00 39,675,000.00
Repair Work 17,000,000.00 18,700,000.00 20,570,000.00
Alteration Work 1,500,000.00 1,575,000.00 1,653,750.00
Total Direct Cost of Sales 48,500,000.00 54,775,000.00 61,898,750.00
Gross Profit 24,500,000.00 31,275,000.00 39,593,750.00

Operating Expenses
Office Salaries 3,000,000.00 3,300,000.00 3,630,000.00
Rent Expense 500,000.00 550,000.00 605,000.00
Other Expense 1,500,000.00 1,650,000.00 1,815,000.00
Total Operating Expenses 5,000,000.00 5,500,000.00 6,050,000.00
Net Income Bef. Int. & Taxes 19,500,000.00 25,775,000.00 33,543,750.00
Interest
Net Income Bef. Taxes 19,500,000.00 25,775,000.00 33,543,750.00
Taxe Rate (30%) 5,850,000.00 7,732,500.00 10,063,125.00
Net Income 13,650,000.00 18,042,500.00 23,480,625.00

Assumptions:
Sales 1 2 3
New Constructions 45,000,000.00 20% 20%
Repair Work 25,000,000.00 15% 15%
Alteration Work 3000000 10% 10%

New Constructions 30,000,000.00 15% 15%


Repair Work 17,000,000.00 10% 10%
Alteration Work 1,500,000.00 5% 5%

Office Salaries 3,000,000.00 10% 10%


Rent Expense 500,000.00 10% 10%
Other Expense 1,500,000.00 10% 10%
Collection 25% down payment and the balance will be collected equally within 2 yea
1 2 3
1 18,250,000.00 21,512,500.00
2 9,125,000.00 10,756,250.00
Interest 25,000.00

Payable
1 24,250,000.00 27,387,500.00
2023 2024
77,760,000.00 93,312,000.00
38,021,875.00 43,725,156.25
3,993,000.00 4,392,300.00
119,774,875.00 141,429,456.25

45,626,250.00 52,470,187.50
22,627,000.00 24,889,700.00
1,736,437.50 1,823,259.38
69,989,687.50 79,183,146.88
49,785,187.50 62,246,309.38

3,993,000.00 4,392,300.00
665,500.00 732,050.00
1,996,500.00 2,196,150.00
6,655,000.00 7,320,500.00
43,130,187.50 54,925,809.38

43,130,187.50 54,925,809.38
12,939,056.25 16,477,742.81
30,191,131.25 38,448,066.56

4 5
20% 20%
15% 15%
10% 10%

15% 15%
10% 10%
5% 5%

10% 10%
10% 10%
10% 10%
e collected equally within 2 years thereafter
4 5
Projected Cash Flow

2020 2021 2022 2023


Operating Activities
Cash Receipts 29,150,000.00 30,637,500.00 36,129,375.00 29,943,718.75
Cash Payments (35,250,000.00) (23,250,000.00) (28,387,500.00) (28,387,500.00)
Total Cash Outflow (6,100,000.00) 7,387,500.00 7,741,875.00 1,556,218.75

Investing Activities
Purchase (5,000,000.00)
Total Cash Outflows (5,000,000.00) - - -

Financing Activities
Cash Investment 20,000,000.00
Total Cash Inflows 20,000,000.00
Cash Balance Beginning
Cash Balance End #NAME? 7,387,500.00 7,741,875.00 1,556,218.75
2024

35,357,364.06
(28,387,500.00)
6,969,864.06

6,969,864.06
Projected Balance Sheet

2020 2021 2022


Assets
Cash #NAME? 7,387,500.00 7,741,875.00
Accounts Receivable 53,000,000.00 85,292,500.00 120,325,625.00
Total Assets #NAME? 92,680,000.00 128,067,500.00

Liabilities
Accounts Payable 28,250,000.00 54,637,500.00 84,586,875.00
Total Liabilities 28,250,000.00 54,637,500.00 84,586,875.00
Stockholders Equity
Shareholders Capital 20,000,000.00 20,000,000.00 20,000,000.00
Retained Earnings 13,650,000.00 18,042,500.00 23,480,625.00
Total Shareholder's Equity 33,650,000.00 38,042,500.00 43,480,625.00
Total Liabilities and SHE 61,900,000.00 92,680,000.00 128,067,500.00
2023 2024

1,556,218.75 6,969,864.06
167,216,631.25 208,651,494.69
168,772,850.00 215,621,358.75

118,581,718.75 157,173,292.19
118,581,718.75 157,173,292.19

20,000,000.00 20,000,000.00
30,191,131.25 38,448,066.56
50,191,131.25 58,448,066.56 S
168,772,850.00 215,621,358.75

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