Annex 1: Kesewbelay Kindergarten and Primary School Projected Profit and/or Loss Statement
Description
Project Years
1
2
3
4
5
Sales
5,029,200
6,286,500
7,124,700
8,382,000
8,382,000
Direct Operating Costs
3,558,699
4,448,373
5,041,490
5,931,165
5,931,165
Less Total Operating Costs
Less: Interest
Profit before tax
Less: Profit Tax (30%)
Net Profit
1,470,501
49,353
1,421,148
426,344
994,803.60
1,838,126
37,014
1,801,112
2,083,210
31,950
2,051,260
2,450,835
22,353
2,428,482
2,450,835
10,353
2,440,482
540,334
615,378
728,545
732,145
1,260,778.58
1,435,881.83
1,699,937.40
1,708,337.40
1
Annex 2: Kesewbelay Kindergarten and Primary School Projected Cash flow Statement
Project Years
Description
0
1
2
3
4
5
994,803.60
1,260,778.58
1,435,881.83
1,699,937.40
1,708,337.40
607740
546966
492269.4
443042.46
398738.2
Cash Inflows
Owner's Equity
3,002,823
Bank Loan
7,006,586
Net Profit
Depreciation
1,602,543.60
1,807,744.58
1,928,151.23
2,142,979.86
2,107,075.60
Loan Repayment
750,012
737,673
732,609
723,012
711,012
Dividend/Withdrawal
480763
542323
578445
642894
632123
1,230,775
1,279,996
1,311,054
1,365,906
1,343,135
371,769
527,749
617,097
777,074
763,941
Total Cash Inflows
10,009,409
Cash out Flows
Investment Costs
Total Cash Outflows
Net Cash Flow
Cumulative Cash Balance
10,009,409
-00
371,769
899,518
1,516,615
2,293,689
3,057,630
2
Annex 3: Kesewbelay Kindergarten and Primary School Calculations of Financial Internal Rate of Return
Year
Revenue
Total
Benefits
0
Initial
Inv't.
Operating
Costs
Total
10,009,409
Income Tax
10,009,409
Total Cost
Net Benefit
After Tax
Net Benefit Before
Tax
10,009,409
(10,009,409)
(10,009,409)
1
5,029,200
5,029,200
3,558,699
3,558,699
426,344
3,985,043
1,044,157
1,470,501
2
6,286,500
6,286,500
4,448,373
4,448,373
540,334
4,988,707
1,297,793
1,838,127
3
7,124,700
7,124,700
5,041,490
5,041,490
615,378
5,656,868
1,467,832
2,083,210
4
8,382,000
8,382,000
5,931,165
5,931,165
728,545
6,659,710
1,722,290
2,450,835
5
8,382,000
8,382,000
5,931,165
5,931,165
728,545
6,659,710
1,722,290
2,450,835
IRR Before Tax
79%
NPV Before Tax
IRR After Tax
52%
NPV After Tax
1,817,447
IRR
52%
79%
NPV
761,760
1,817,447
761,760
3