Rahmati Bus Transport LLT Income

Statement

Data
Items
Bus
Driver
Fuel
Passengers
Depreciation
Salvage Value

Cost
2 x 30000$
60000
31-Dec-13
2x 300$
600
2x 50$x6
600
100X60$
cost/10Years Year
Passenger
5000 Each Bus
2015
100
2016
150
2017
200
2018
250
2019
300
2020
350
2021
350
2022
350
2023
350
2024
350
2025
350
Fuel Expenses / Student

Expenses

Revenue
Salary
Fuel
Maintenance
Mescelenous
Depreciation
EBIT
Tax
Net Income

2015
60000
(7,200)
(18,000)
(1,500)
(1,000)
(5,000)
27300
(5,460)
21840

2016
90000
(7,200)
(27,000)
(1,500)
(1,000)
(5,000)
48300
(9,660)
38640

2017
120000
(10,800)
(36,000)
(1,500)
(1,000)
(5,000)
65700
(13,140)
52560

2018
150000
(10,800)
(45,000)
(2,250)
(1,000)
(7,500)
83450
(16,690)
66760

2019
180000
(10,800)
(54,000)
(2,250)
(1,000)
(7,500)
104450
(20,890)
83560

EBIAT
Depreciation
( CAPEX)
(NWC)

21840
5,000
0
5000

38640
5,000
0
2500

52560
5,000
0
2500

66760
7,500
30000
1000

83560
7,500
1000

2020
210000
(10,800)
(63,000)
(2,250)
(1,000)
(7,500)
125,450
(25,090)
100,360.00

2021
210000
(10,799)
(63,000)
(2,250)
(1,000)
(7,500)
125,451
(25,090)
100,361

2022
210000
(10,798)
(63,000)
(2,250)
(1,000)
(7,500)
125,452
(25,090)
100,362

2023
210000
(10,797)
(63,000)
(2,250)
(1,000)
(7,500)
125,453
(25,091)
100,362

2024
210000
(10,796)
(63,000)
(2,250)
(1,000)
(7,500)
125,454
(25,091)
100,363

100,360.00
7,500

100,361
7,500

100,362
7,500

100,362
7,500

100,363
7,500

1000

1000

1000

1000

1000

180
FCF
PV
Total PV
TOTAL FV
NPV

21,840

41,140

55,060

43,260

90,060

106,860

106,861

106,862

106,862

106,863

19,854.55

34,000.00

41,367.39

29,547.16

55,920.17

60,319.68

54,836.49

49,851.73

45,320.09

41,200.39

432,217.65
342,217.65

year
0
1
2
3
4
5
6
7
8
9

Cash Flow
(725,000,000)
90,000,000
135,000,000.00
180,000,000.00
245,000,000.00
232,000,000.00
170,000,000.00
120,000,000.00
95,000,000.00
(80,000,000.00)

Students
Price Per Month
Price Change
Months
Revenue

2015
100
60
0.0%
10
60000

2016
150
60
0.0%
10
90000

2017
200
60
0.0%
10
120000

2018
250
60
0.0%
10
150000

2019
300
60
0.0%
10
180000

Cost Per Month

Months
Drivers
Salary Cost

300
12
2
7200

300
12
2
7200

300
12
2
7200

300
12
3
10800

300
12
3
10800

180
18000
750
1500
1000
5000
32700
0
27300
-5460
21840

181
27150
750
1500
1000
5000
41850
0
48150
-9630
38520

182
36400
750
1500
1000
5000
51100
0
68900
-13780
55120

183
45750
750
2250
1000
7500
67300
0
82700
-16540
66160

184
55200
750
2250
1000
7500
76750
0
103250
-20650
82600

20%

20%
50%
28%

20%
33%
22%

20%
25%
32%

20%
20%
14%

46%
36%
55%

54%
43%
47%

57%
46%
43%

55%
44%
45%

57%
46%
43%

5000

7500
-2500

10000
-2500

12500
-2500

15000
-2500

Fuel Cost Per Student

Fuel Cost
Cost Per vehicle
Maintenance Costs
Miscellaneous
Depreciation
Total Operating Expenses
Interest
Earning Before Tax
Taxes (20%)
Net Income

Assumption/Margins
Taxes
Sales Growth
EBIT Growth Y-o-Y
NI Grotwt
Operating Marign
Net Income Margin
Operating Cost as of Sales

Working Capital
Net Working Capital
Change In networking Capital
Depreciation Schedule
Capex 1
Salvage Value
Depreciable Amount
Useful Life in years
CAPex 2

60000
5000
50000
10
30000

Salvage Value
Depreciable Amount
Useful Life in years

5000
25000
10

Depreciation 1
Depreciation 2
Total Depreciation

5000

5000

5000

5000

5000

Starting Book Value

Depreciation
CAPEX
Ending Book Value

60000
5000

38520
5000
0
(2,500)
41020

NPV

5000
2500
7500

55120
5000
-30000
(2,500)
27620

66160
7500
0
(2,500)
71160

82600
7500
0
(2,500)
87600

55000

Free Cash Flow

EBIAT
+ Dep
CAPEX
NWC
FCF

Discounted Cash Flow

Periods
Discount Rate
PC of CFS
Sum of PVs of FCFs
Initial Investment
Salvage Value (Actual)
PV of Salvage Value

5000

5000
2500
7500

21840
5000
0
(5,000)
21840

1
2
3
4
5
10%
10%
10%
10%
10%
19854.55 33900.83 20751.31 48603.24 54392.71
466789.6093
(60,000)
10,000
3,855
420,645
406789.6093

2020
350
60
0.0%
10
210000

2021
350
60
10.0%
10
210000

2022
350
66
10.0%
10
231000

2023
350
73
10.0%
10
254100

2024
350
80
10.0%
10
279510

300
12
3
10800

300
12
3
10800

300
12
3
10800

300
12
3
10800

300
12
3
10800

185
64750
750
2250
1000
7500
86300
0
123700
-24740
98960

186
65100
750
2250
1000
7500
86650
0
123350
-24670
98680

187
65450
750
2250
1000
7500
87000
0
144000
-28800
115200

188
65800
750
2250
1000
7500
87350
0
166750
-33350
133400

189
66150
750
2250
1000
2500
82700
0
196810
-39362
157448

20%
17%
12%

20%
0%
0%

20%
10%
0%

20%
10%
0%

20%
10%
-5%

59%
47%
41%

59%
47%
41%

62%
50%
38%

66%
52%
34%

70%
56%
30%

17500
-2500

17500
0

19250
-1750

21175
-1925

23293
-2117.5

5000
2500
7500

5000
2500
7500

5000
2500
7500

5000
2500
7500

5000
2500
7500

98960
7500
0
(2,500)
103960

98680
7500
0
(2,500)
103680

115200
7500
0
(2,500)
120200

133400
7500
0
(2,500)
138400

157448
7500
0
(2,500)
162448

6
7
8
9
10
10%
10%
10%
10%
10%
58682.71 53204.23 56074.19 58695.11 62630.74

Sale

NO

1 year
Gross Margin
CAPEX
Rent/Month
Salaris
Utilities
ADMIN
Depreciation

Tax
Year 5
CAPEX
Depreciation
GM-+10 Yearly
Admin Cost 8%
Inventory Year 1
Inventory Year 2 20% of sales
Change NWC year
Change NWC year 2

year 6&7 10% increase

year 9 & 10 5% increase

Gross Margin
Cost of Good Sold
Changes
Tax Rate
Sales Growth
Admin Cost
Rent
Utilities
Working Capital
as % Of sales
Changes IN inventory

50000
33%
16500
90000 10 years life
1500
300
3 People
400
12 Months
4000 yearly

20%
Opening New store
90000
1%
Constant as percentage of Sales
10000
10000
10000

Sales
Cost of Good sold
Gross Margin
Rent
Salaries
Utilities
Admin
Depreciation
Total Expenses
Income Before Tax
Tax (20%)
Net Income
CAPEX
Changes NWC
FCF
NPV
EBIAT
DEP
- CAPEX
- Changes IN NWC
FCF
NPV of FCFs
Time
Discount
PVs of FCFS
Sum of NPV
Initial Investment
Terminal Value
NP Terminal Value
NPV

Year 1
Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9
2015
2016
2017
2018
2019
2020
2021
2022
2023
50000
(33,500)
16,500
18,000
10,800
4,800
4,000
9,000
46,600
(30,100)
0
(30,100)
0
0
(21,100)
53177.5402

100000
170000
203000
300000
330000
363000
399300
(66,000) (110,500) (129,920) (189,000) (204,600) (221,430) (239,580)
34,000
59,500
73,080
113,019 127,420 143,591 161,742
18,000
18,000
18,000
36,000
36,000
36,000
36,000
10,800
10,800
10,800
21,600
21,600
21,600
21,600
4,800
4,800
4,800
9,600
9,600
9,600
9,600
8,000
13,600
16,240
24,000
26,400
29,040
31,944
9,000
9,000
9,000
18,000
18,000
18,000
18,000
50,600
56,200
58,840
109,200 111,600 114,240 117,144
(16,600)
3,300
14,240
3,819
15,820
29,351
44,598
0
660
2848
764
3164
5870
8920
(16,600)
2,640
11,392
3,055
12,656
23,481
35,678
0
0
0
0
0
0
0
0
0
0
90000
0
0
0
(7,600)
11,640
20,392
(68,945)
30,656
41,481
53,678

419265
(247,366)
173,922
36,000
21,600
9,600
33,541
18,000
118,741
55,180
11036
44,144
0
0
62,144

(30,100)
9,000
0
10000
(31,100)

(16,600)
9,000
0
10000
(17,600)

2,640
9,000
0
14000
(2,360)

11,392
9,000
90000
6600
(76,208)

3,055
18,000
0
19400
1,655

12,656
18,000
0
6000
24,656

23,481
18,000
0
6600
34,881

35,678
18,000
0
7260
46,418

44,144
18,000
0
3993
58,151

1
10%
(28,273)
7,729
90,000
653,894
252,105
0

2
10%
(14,545)

3
10%
(1,773)

4
10%
(52,051)

5
10%
1,028

6
10%
13,918

7
10%
17,899

8
10%
21,655

9
10%
24,662

33%
67%
20%

34%
66%
1%
20%

35%
65%
1%
20%

36%
64%
1%
20%

37%
63%
1%
20%

38%
62%
1%
20%

39%
61%
1%
20%

40%
60%
1%
20%

41%
59%
1%
20%

8%
9000
4800
10000
20%
10000

8%
9000
4800
20000
20%
10000

8%
9000
4800
34000
20%
14000

8%
9000
4800
40600
20%
6600

8%
18000
9600
60000
20%
19400

8%
18000
9600
66000
20%
6000

8%
18000
9600
72600
20%
6600

8%
18000
9600
79860
20%
7260

8%
18000
9600
83853
20%
3993

Year 10
2024
440228
(255,332)
184,896
36,000
21,600
9,600
35,218
18,000
120,418
64,478
12896
51,582
0
0
69,582

51,582
18,000
0
4192.65
65,389

10
10%
25,210

42%
58%
1%
20%
8%
18000
9600
88045.65
20%
4193

COGS

78.4%

78.4%

79.3%

3.72%

Net Income
Less Net Income Attributable to nonControlling Interest
Net Income Attribuable to Alliant Technsystems Inc
Alliant Techsystems Ince. Earnings Per Common Share:
Basic
Diluted
Cash Dividends Paid Per Share
Alliat Techsystems inc. Weighted Average Number of Comman Sha
Plans recorded to net income, net of tax benefit of 3366, 3370 and
Reclassification of net actuarial loss for pension and postretiremen

Cost of Sales

4362145

21.57%

21.6%

20.7%

1.48%
3.72%
5.60%

0.25%
0.01%
0.01%

Your Next Assignment will Be:

Do five year of Your own desire company and make good assumpt

Sales
Cost of Good Sold
Gross Profit
Operating Exp
Research and Development
Selling
General And Administrative
Total Expenses
Income before interest, Other Loses
Interest Expenese
Income Beofre Income Taxes and nonControlling Interest
Income Tax Provision
Net Income
Less Net Income Attributable to nonControlling Interest
Net Income Attribuable to Alliant Technsystems Inc
Alliant Techsystems Ince. Earnings Per Common Share:
Basic
Diluted
Cash Dividends Paid Per Share
Alliat Techsystems inc. Weighted Average Number of Comman Shares Outstanding
Plans recorded to net income, net of tax benefit of 3366, 3370 and 3600
Reclassification of net actuarial loss for pension and postretirement benefit Plans

Cost of Sales
Gross Profit
R&D
Selling
G&A

Assumptions
Sales
Sales Growth
Cost of Good Sold
Gross Margin
Gross Margin Increase

R&D Decreases 0.25% os Sales

Selling and Admin Cost 0.1% Drease as % of Sales
G& A Cost Decreases 0.1% as % of Sales
Interest Expenses constant as 2013 Exp
Tax Rate 35%
Depreciation as Percentage of Sales as 2013

CAPEX As 2013 Constant(96889

Inventory as Percentage of Sales-2013 of /Cost of Good Sold
Discount Rate 8% of NPV
Terminal Value (Cash Flow of Last year devided on Discount Rate)
NPV of Terminal Value
Equity Value( Debt-total Equity)
Price/Share
do five year of Cash Flow and Determine the value of this Company
Your Next Assignment will Be:
Do five year of Your own desire company and make good assumptions

Year 1

year 2

Year 3

Year 4

Year 5

4580252 4809265 4929496 5052734 5179052

3568017
1012236

3722371
1086894

3790783
1138714

3860289
1192445

3930901
1248152

56337
170019
255940
482296
529939
65,924
464015
162405
301610

47131
178039
268257
493426
593468
65,924
527544
184640
342903

35985
181997
274470
492452
646261
65,924
580337
203118
377219

24253
186042
280826
491121
701324
65,924
635400
222390
413010

11912
190175
287329
489416
758736
65,924
692812
242484
450328

Year 1
Year 2
Year 3
Year 4
Year 5
4580252.25 4809264.863 4929496.484 5052733.896 5179052.244
5%
5%
2.50%
2.50%
2.50%
77.9%
77.4%
76.9%
76.4%
75.9%
22.1%
22.6%
23.1%
23.6%
24.1%
0.50%
0.50%
0.50%
0.50%
0.50%

1.2%
3.71%
5.59%
65,924

1.0%
3.70%
5.58%
65,924

0.7%
3.69%
5.57%
65,924

0.5%
3.68%
5.56%
65,924

0.2%
3.67%
5.55%
65,924

35%

35%

35%

35%

35%

90
55
76

9213036
9213094
9213076
9213023
9213077
9213038
9213090
9213001
9213011
9113073
9213059
9213055
9213028
9213019
9213045
9213081
9213024

85
85
100

100
63
100
36
55
95
100
98
100

95

9213036
98
9213054
50
9213076
95
9213023
9213077
90
9213038
91
9213082
55
9213090
9213001
95
9213002
65
9213059
100
9213055
50
9213028
62
9213085
50
9213019
55
9213045
95
9213081
68
9213024
100
92/10/6

100

9213036
77
9213054
55
9213076
100
9213023
9213077
80
9213038
100
9213082
85
9213090
9213001
100
9213002
93
9213046
90
9213059
95
9213055
83
9213028
59
9213085
55
8913080
100
9213019
80
9213045
100
9213081
95
9213024
100
92/10/9

77
36
35
55

9213036
9213054
9213094
9213076
9213023
9213077
9213038
9213082
9213090
9213001
9213011
9213002
9213059
9213055
9213028
9213085
8913080
9213019
9113021
9213045

73
85
34
90

90
42
85
100
38
55
10
93
27
100

9213081
100
9213024
100
92/10/15

100

9213036
75
9213076
100
9213023
9213077
91
9213038
78
9213082
58
9213090
9213001
100
9113073
9213059
100
9213055
39
9213028
74
9213019
100
9213045
100
9213081
100
9213024
100
92/10/15

96

9213036
90
9213054
55
9213076
79
9213023
9213077
9213038
73
9213082
71
9213090
9213001
96
9213011
84
9213002
90
9213059
100
9213055
70
9213028
78
9213085
63
9213019
95
9213045
97
9213081
90
9213024
100
92/10/15

67
8
38
55

9213036
9213054
9213094
9213076
9213023
9213077
9213038
9213082
9213090
9213001
9213011
9113073
9213002
9213059
9213055
9213028
9213085
9213019
9213045
9213081
9213024

70
60
45
95

96.57

676 96.57142857
97%

95
41
58
100
43
34
14
91
92
82
100