¨
Financial plan
o
We made a financial plan for 1 year. This
plan looks at the capital needs of the VIP delivery company.
o
Asset: Anything a company owns that has cash or economic value, such as real estate, equipment, prepaid
expenses, accounts
receivable, inventory, and goodwill.
o
Liability: A company's legal debts or obligations that
arise during the course of business operations. Liabilities are settled over
time through the transfer of economic benefits including money, goods or
services.
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VIP
Delivery
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Beginning
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Projected
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01/01/2013
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31/12/2013
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Assets
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Current Assets
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|
|
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Cash in bank
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$ 100,000
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$ 120,000
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Accounts receivable
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10,000
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14,000
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Inventory
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-
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-
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Prepaid expenses
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-
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-
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Other current assets
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-
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-
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Total Current Assets
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$ 110,000
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$ 134,000
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Fixed Assets
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Machinery & equipment
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$ 187,000
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$ 267,000
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Furniture & fixtures
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25,000
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27,000
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Leasehold improvements
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-
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5,000
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Land & buildings
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-
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-
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Other fixed assets
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-
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-
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(LESS accumulated depreciation on all fixed assets)
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(10,000)
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(30,000)
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Total Fixed Assets (net of depreciation)
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$ 202,000
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$ 269,000
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|
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Other Assets
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Intangibles
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$ 15,000
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$ 16,000
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Deposits
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-
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-
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Goodwill
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-
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-
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Other
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-
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-
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Total Other Assets
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$ 15,000
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$ 16,000
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|
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TOTAL Assets
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$ 327,000
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$ 419,000
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|
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|
|
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Liabilities and Equity
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|
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|
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Current Liabilities
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|
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Accounts payable
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$ 95,000
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$ 183,000
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Interest payable
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12,000
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20,000
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Taxes payable
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-
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-
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Notes, short-term (due within 12 months)
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-
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4,000
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Current part, long-term debt
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-
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-
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Other current liabilities
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-
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-
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Total Current Liabilities
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$ 107,000
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$ 207,000
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Long-term Debt
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Bank loans payable
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$ 100,000
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$ 17,000
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Notes payable to stockholders
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50,000
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60,000
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LESS: Short-term portion
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-
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-
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Other long term debt
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-
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-
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Total Long-term Debt
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$ 150,000
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$ 77,000
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Total Liabilities
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$ 257,000
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$ 284,000
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|
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Owners' Equity
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|
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Invested capital
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$ 50,000
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$ 100,000
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Retained earnings – beginning
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20,000
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35,000
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Retained earnings – current
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-
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-
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Total Owners' Equity
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$ 70,000
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$ 135,000
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|
|
|
|
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Total Liabilities &
Equity
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$ 327,000
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$ 419,000
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