Professional Documents
Culture Documents
Amount Grace
Princ. Total Ending
No Date of period
Amount Instalement Balance
Markup Markup
- 31-Dec-03 1000000
- 31-Mar-04 1000000
1 30-Jun-04 50000 36500 36500 123000 950000
2 30-Sep-04 50000 34675 84675 900000
3 31-Dec-04 50000 32850 82850 850000
4 31-Mar-05 50000 31025 81025 800000
5 30-Jun-05 50000 29200 79200 750000
6 30-Sep-05 50000 27375 77375 700000
7 31-Dec-05 50000 25550 75550 650000
8 31-Mar-06 50000 23725 73725 600000
9 30-Jun-06 50000 21900 71900 550000
10 30-Sep-06 50000 20075 70075 500000
11 31-Dec-06 50000 18450 68450 450000
12 31-Mar-07 50000 16425 66425 400000
13 30-Jun-07 50000 14600 64600 350000
14 30-Sep-07 50000 12775 62775 300000
15 31-Dec-07 50000 10950 60950 250000
16 31-Mar-08 50000 9125 59125 200000
17 30-Jun-08 50000 7300 57300 150000
18 30-Sep-08 50000 5475 55475 100000
19 31-Dec-08 50000 3650 53650 50000
20 31-Mar-09 50000 1825 51825 -
PROGRESSIVE POULTRY FARMS
BALANCE SHEETS
PROJECTED
Year 0 Year 1 Year 2 Year 3 Year 4 Year 5
Cash 4124000 1809915 3636130 7924321 11277818 15243289
A/R 873600 1419600 1310400 1419600 1310400
Inventory (feed) 716700 1069700 786400 3940 256100
Birds 775000 775000 775000 775000 775000
C.A. 4124000 4175215 6900430 10796121 13476358 17584789
Proceeds from
sale of birds 1800000 1800000
Purchases of
birds -775000 -775000 -775000
CF from
Investment -775000 0 1025000 0 1025000
L.T. loan
payment -150000 -200000 -200000 -200000 -200000
CF from
Financing -150000 -200000 -200000 -200000 -200000
A/R 10 % of sales
A/P 10 % of purchases
Longterm liab HBL Demand Finance Scheme. 40 paisa per 1000 daily, 5
year repayment schedule payable every quarter Schedule is annexed.
Progressive Poultry Farms
Income Tax Assumptions
Sales After 20 weeks birds start giving eggs
Birds will give eggs for 100 weeks
Eggs giving ratio is 78 %
Selling price per egg is Rs 1.667
Sales year 1 In year one after 20 weeks birds will lay eggs 30000*.78=23400*1.667=39007.8 for one day.
39007.8*224=8737747.2 for one year. But Rs
8736000 is estimated as approximate sales.
Sales year 2 In year 2 birds will supposed to lay eggs for all 52 weeks 39007.8*365=14237847 Rs 14196000
estimated sales
Sales year 3 In year 3 birds will lay eggs for 48 weeks, because after 39007.8*336=13106620.8 Rs 13104000
completion of 120 weeks birds will be sold and new birds will be estimated sales
caged. These newly caged birds will lay eggs after 4 weeks
Sales year 4 In year 2 birds will supposed to lay eggs for all 52 weeks 39007.8*365=14237847 Rs 14196000
estimated sales
Sales year 5 In year 3 birds will lay eggs for 48 weeks, because after 39007.8*336=13106620.8 Rs 13104000
completion of 120 weeks birds will be sold and new birds will be estimated sales
caged. These newly caged birds will lay eggs after 4 weeks
Inventory Feeds of birds is treated as inventory
At start for 16 weeks birds will need growery feed , cost of which
will be Rs 912300
After 16 weeks the cost of feed per day is Rs 29250
Vaccination At start during growery period the cost of vaccination will be Rs
500000
After growery period vaccination is required after every 8 weeks ,
the cost of which will be Rs 6880
Depreciation Straight line method. 10 % of Book value is assumed as scrape
Exp value.Depreciation @ 11.111% applicable to all fixed assets
accept Land and electricity connection charges.
Electricity Rs 10000 per month
Wages One supervisor Rs 5000
Ten Labors Rs 2000 each
Two Guards Rs 2500 each
Income Tax 10 % of EBT
PROGRESSIVE POULTRY FRMS
DEPRECIATION SCHEDULE
year 0 year 1 year 2 year 3 year 4 year 5
Sheds 150000 150000 150000 150000 150000 150000
Acc. Dep. 0 15000 30000 45000 60000 75000
Net Value 150000 135000 120000 105000 90000 75000
Sheds with
cages 1266000 1266000 1266000 1266000 1266000 1266000
Acc. Dep. 0 126600 253200 379800 506400 633000
Net Value 1266000 1139400 1012800 886200 759600 633000
Boundry
wall 50000 50000 50000 50000 50000 50000
Acc. Dep. 0 5000 10000 15000 20000 25000
Net Value 50000 45000 40000 35000 30000 25000