INCOMESTATEMENT

SOLERGY
For 2011 through 2014
REVENUE

2011

2012

2013

2014

Gross sales

Rs.1,667,000

Rs.2,512,500

Rs.3,615,000

Rs.5,465,000

Net Sales

Rs.1,667,000

Rs.2,512,500

Rs.3,615,000

Rs.5,465,000

Rs.0

Rs.0

Rs.0

Rs.0

Rs.835,000

Rs.1,135,000

Rs.1,725,400

Rs.2,645,000

Rs.835,000

Rs.1,135,000

Rs.1,725,400

Rs.2,645,000

Rs.0

Rs.0

Rs.0

Rs.0

Total Cost of Goods Sold

Rs.835,000

Rs.1,135,000

Rs.1,725,400

Rs.2,645,000

Gross Profit (Loss)

Rs.832,000

Rs.1,377,500

Rs.1,889,600

Rs.2,820,000

Rs.120,000

Rs.126,000

Rs.132,300

Rs.277,900

Rs.55,000

Rs.60,000

Rs.80,000

Rs.85,000

Rs.400,000

Rs.200,000

Rs.200,000

Rs.200,000

Rs.50,000

Rs.52,000

Rs.97,500

Rs.105,400

Rs.625,000

Rs.438,000

Rs.509,800

Rs.668,300

Rs.276,000

Rs.289,800

Rs.304,300

Rs.320,500

Rs.55,000

Rs.57,500

Rs.60,000

Rs.65,700

Rs.240,000

Rs.240,000

Rs.240,000

Rs.240,000

Utilities

Rs.80,000

Rs.83,000

Rs.85,000

Rs.92,000

Supplies (Office & Technical)

Rs.30,000

Rs.43,000

Rs.87,000

Rs.94,000

Travel & entertainment

Rs.50,000

Rs.53,000

Rs.78,000

Rs.84,000

Furniture & equipment

Rs.75,000

Rs.2,000

Rs.12,000

Rs.15,000

Equipment maintenance & rental

Rs.25,000

Rs.27,000

Rs.43,000

Rs.55,000

Interest (Loan- Venture Capitalist)

Rs.112,500

Rs.112,500

Rs.112,500

Rs.112,500

Rs.943,500

Rs.907,800

Rs.1,021,800

Rs.1,078,700

Total Operating Expenses

Rs.1,568,500

Rs.1,345,800

Rs.1,531,600

Rs.1,747,000

Net Income Before Taxes

(Rs.736,500)

Rs.31,700

Rs.358,000

Rs.1,073,000

(Rs.257,775)

(Rs.11,095)

(Rs.158,375)

(Rs.394,850)

(Rs.478,725)

Rs.20,605

Rs.199,625

Rs.678,150

Extraordinary gain or loss

Rs.0

Rs.0

Rs.0

Rs.0

Income tax on extraordinary gain

Rs.0

Rs.0

Rs.0

Rs.0

(Rs.478,725)

Rs.20,605

Rs.199,625

Rs.678,150

COST OF SALES
Beginning inventory
Plus goods purchased
Total Goods Available
Less ending inventory

OPERATING EXPENSES
Selling
Salaries and wages
Commissions
Advertising / Seminars
Other
Total Selling Expenses
General/Administrative
Salaries and wages
Insurance
Rent( Office & Warehouse)

Total General/Administrative Expenses

Taxes on income
Net Income After Taxes

NET INCOME (LOSS)

PROJECTED CASH FLOWS

SOLERGY
2011

2012

2013

2014

1,667,000

2,512,500

3,615,000

5,465,000

Rs.13,259,500

Rs.1,667,000

Rs.2,512,500

Rs.3,615,000

Rs.5,465,000

Rs.13,259,500

Payments to creditors

835,000

1,135,000

1,725,400

2,645,000

Rs.6,340,400

Salaries and wages

396,000

415,800

436,600

598,400

Rs.1,846,800

Years

Totals

Receipts
Collections from credit sales
Total Receipts( Cash Inflows)

Payments

Commission

55,000

60,000

80,000

85,000

Rs.280,000

Advertising / Seminar

400,000

200,000

200,000

200,000

Rs.1,000,000

Rent(Office & Warehouse)

240,000

240,000

240,000

240,000

Rs.960,000

Utilities

80,000

83,000

85,000

92,000

Rs.340,000

Insurance

55,000

57,500

60,000

65,700

Rs.238,200

Travel & Entertainment

50,000

53,000

78,000

84,000

Rs.265,000

Furniture & Equipment

75,000

2,000

12,000

15,000

Rs.104,000

Supplies (Office & Technical)

30,000

43,000

87,000

94,000

Rs.254,000

Equipment maintenance & Rentals

25,000

27,000

43,000

55,000

Rs.150,000

Interest (Loan- Venture Capitalist)

112,500

112,500

112,500

112,500

Rs.450,000

-257,775

11,095

158,375

394,850

Rs.306,545

Tax payments
Other

50,000

52,000

97,500

105,400

Rs.304,900

Rs.2,145,725

Rs.2,491,895

Rs.3,415,375

Rs.4,786,850

Rs.12,839,845

(Rs.478,725)

Rs.20,605

Rs.199,625

Rs.678,150

Rs.419,655

Opening Cash Balance

Rs.750,000

Rs.271,275

Rs.291,880

Rs.491,505

Closing Cash Balance

Rs.271,275

Rs.291,880

Rs.491,505

Rs.1,169,655

Total Payments

Cashflow Surplus/Deficit (-)

BALANCESHEET
SOLERGY
For 2011 to 2014
ASSETS
Current Assets
Cash
Bank
Supplies (Office & Technical)
Total Current Assets
Fixed Assets
Furniture & Equipment
Total Net Fixed Assets
TOTAL ASSETS

2011

2012

2013

2014

271,275
291,880
491,505
1,169,655
1,145,000
1,130,000
1,074,000
1,052,000
30,000
43,000
87,000
94,000
Rs.1,446,275 Rs.1,464,880 Rs.1,652,505 Rs.2,315,655

75,000
Rs.75,000

77,000
Rs.77,000

89,000
Rs.89,000

104,000
Rs.104,000

Rs.1,521,275

Rs.1,541,880

Rs.1,741,505

Rs.2,419,655

1,500,000

1,500,000

1,500,000

1,500,000

Rs.1,500,000

Rs.1,500,000

Rs.1,500,000

Rs.1,500,000

500,000
-478,725

21,275
20,605

41,880
199,625

241,505
678,150

Rs.21,275

Rs.41,880

Rs.241,505

Rs.919,655

Rs.1,521,275

Rs.1,541,880

Rs.1,741,505

Rs.2,419,655

LIABILITIES
Long-term Liabilities
Loan- Venture Capitalist
Total Long-term Liabilities
SHAREHOLDERS' EQUITY
Entrepreneurs Investment
Retained earnings
Total Shareholders' Equity
TOTAL LIABILITIES & EQUITY