Quarter 4 financial report

19 November- 7 December 2016

By
Sakornchon Mattariganont Korn 1001

This Report is about a virtonomics simulator that for an

education purpose of economic elective subject.

Korn the rich incorporated

Quarter 4 Report

Plan and success

19 November- 7 December

-Our business story

After the first and second quarter we finally expand the goal that we want and
open more subdivision than we expected in the new country.
At the first report we plan to open new subdivision in the Mexico, Turkey and
Norway. But we open more than we have also open new subdivision in Argentina too.
We expanding the company quite well but have a little problem at the end. It is because
of the helping new player factory stop selling product and effect the company.
But howevr we are fixing the problem quite well and when we were done
cleaning the mess we will continue to expand more in the future. We were thinking to
expand more in United states and Britain soon or later.

-Already Open
-Planning to Open

Our Asset Value

Quarter 4 Report

-Quarter 4 business asset data

19 November- 7 December

Our company has 35,245,137dollar in total at the end of quarter 4. You can see
that the asset dont increase much due the problem of Helping new player factory stop
producing good. But we are stopping the problem and finding the new solution already.
The quarter4 end asset value is much the almost the same as the quarter 2 end. There is
slightly change that is there is increase cash. About 45 percent of entire company asset
value is cash and about 25 percent is inventory and supply. 20 percent for equipment
and building and other around 10 percent.

Short summary of profitable

KGR subdivision

Quarter 4 Report
19 November- 7 December

-Quarter 4 subdivision summaries

Our company has open in 9 countries and has 11 stores, 5 restaurants and 2
medical center. So we are going to choose 3 store 1 restaurant and one of the medical
center.
1. Store 1 (Estonia, Tallinn) This is the first store that we open. After the quarter 2 end we
keep selling more product but until when the helping new player factory stop selling chocolate
cause us to change from selling chocolate to selling sock and other product however we still
earn profit from it. (127,053dollar profit)

2. Store 8 (Cuba, Santiago de Cuba) In store 8 the store also effect by helping new player
stop selling chocolate too. We try to sell sock and canned product but we gain just a little profit
from it from the last quarter 2end profit. It have decrease a lot since quarter 2 end. But right
now the company are trying to find a new product to sale. (50,340dollar profit)

3. Store 11 (Latvia, Riga) After quarter 2 end and the store 11 also effect by the problem
too. We were trying to sell canned product, honey and sock but it is not working currently. We
are planning to sell cheese and sugar too later. (16,549dollar profit)

4. Restaurant 1(Spain, Madrid) Restaurant 1 specialization is vegetarian restaurant. The

restaurant change from beer pub because we lack of spice but we really make an awesome
progress from changing the specialization. After changing to vegetarian restaurant we made a
lot of profit same as the beer pub. (115,114dollar profit)

5. KGR-Medical center (Lithuania, Vilnius) This medical center specialization is

diagnostic center. It have 6 visitor per week. But there is too much expense in this one and also
a decrease customer we are trying to put a commercial and see how it will it work out
later.(5,250dollar profit)

Subdivision revenues

Income statement
Quarter 4 Report

-Quarter 4 Income data

19 November- 7 December

Revenues

$2 503 829

Expense

$1 973 064

Profit

$401 726

Tax

$129 039

The income statement from quarter 4 end show that we gain 401,726 dollar profit.We
really spent a lot of money for other subdivision and cause a reason to have a lot of expense. But
a lot of the subdivision that we invest still earn a profit and that is why we earn 401,726 dollar
profit.
The tax rate is quite high because most subdivision is in Europe and all country in
Europe have a lot of high tax rate. At least about 20 percent. But we still gain a lot of profit no
matter how high the tax was

KGR-Subdivision
Progress

Quarter 2 Report
19 November- 7 December

-Quarter 3 start to Quarter 4

progression

-In Store 1 you will see that it is the first subdivision didnt have much
effect from the problem. We solve the problem quickly and keep
store 1 stable.
-In store 8 we once get a lot of profit but after the crash of helping
new player. The sub division suffers from it but still not suffer any
heavy injuries. We have been able to stop the decrease of profit and will soon start
rising.
-In store 11 we suffer from not be able to sale a chocolate and invest money for new
product and currently not working very well. From the chart you can see the decreasing
of the profit but we finally make it increase by changing the product type and now it is
rising a little bit.
-Restaurant 1 always has a stable profit due it not get any effect in the helping new
player problem. The sub division still working fine and now we are thinking to expand
the size of the restaurant.
-In KGR medical center the people that visit the medical center decrease and for that
the profit decrease. We are planning to fix it by making a commercial and decreasing the
price.

Total conclusion of
Business since start to
Quarter 4 end

Quarter 2 Report
19 November- 7 December

-Quarter 4 Conclusion

From 5 subdivisions that I choose just 1 restaurant gain almost the same as 3
store combine together. The worst one is the medical center. So in the future we choose
improve our restaurant for a better profit and try to open less store for gaining the most
possible profit.

And for the over all By having 13 store 3 resteraunt and 1 medical center in 9
different countries. We need to decrease the amount of store and open more new kind
of subdivision such as factory and resteraunt. Because store are not making a lot of
profit and having a lot of store is hard to manage.