INCOME STATEMENT DATA YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5

SERVICE INCOME 2,149,200.00 2,407,104.00 2,695,956.48 3,019,471.26 3,381,807.81

COST OF SERVICE 697,895.37 753,727.00 814,025.15 879,147.17 949,478.94
GROSS PROFIT 1,451,304.63 1,653,377.00 1,881,931.33 2,140,324.09 2,432,328.87

OPERATING EXPENSES
Depreciation Expense 96,177.58 96,177.58 96,177.58 95,458.30 93,964.30
Salaries and Wages 273,600.00 273,600.00 273,600.00 273,600.00 273,600.00
Fringe Benefits 25,920.00 25,920.00 25,920.00 25,920.00 25,920.00
Administrative Expense 516,500.00 538,100.00 560,780.00 584,594.00 609,598.70
TOTAL OPERATING EXPENSES 912,197.58 933,797.58 956,477.58 979,572.30 1,003,083.00
NET INCOME BEFORE TAX 539,107.05 719,579.42 925,453.75 1,160,751.79 1,429,245.87
INCOME TAX 161,732.12 215,873.83 277,636.12 348,225.54 428,773.76
NET INCOME AFTER TAX 377,374.94 503,705.60 647,817.62 812,526.25 1,000,472.11

BALANACE SHEET
Current Asset
Cash 1,305,398.97 1,979,347.45 2,787,684.08 3,769,146.67 4,947,366.57
Prepayments 7,000.00 7,000.00 7,000.00 7,000.00 7,000.00
TOTAL CURRENT ASSETS 1,312,398.97 1,986,347.45 2,794,684.08 3,776,146.67 4,954,366.57
TOTAL NON-CURRENT ASSETS 728,277.26 632,099.68 535,922.10 440,463.80 346,499.50
TOTAL ASSETS 2,040,676.23 2,618,447.13 3,330,606.18 4,216,610.47 5,300,866.07

LIABILITIES & PARTNERS EQUITY

Current Liabilities
Income Tax Payable 161,732.12 215,873.83 277,636.12 348,225.54 428,773.76
VAT Payable 1,569.18 21,492.77 24,071.90 26,960.53 30,195.79
TOTAL CURRENT LIABILITIES 163,301.30 237,366.60 301,708.02 375,186.06 458,969.55
TOTAL LIABILITIES 163,301.30 237,366.60 301,708.02 375,186.06 458,969.55
PARTNERS EQUITY 1,877,374.94 2,381,080.54 3,028,898.16 3,841,424.41 4,841,896.52
TOTAL LIABILITIES & PARTNERS EQUITY 2,040,676.23 2,618,447.13 3,330,606.18 4,216,610.47 5,300,866.07

Financial Analysis
YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5
Liquidity Ratio
Current Ratio 8.04 8.37 9.26 10.06 10.79
Leverage Ratio
Debt To Total Assets Ratio 0.08 0.09 0.09 0.09 0.09
Debt To Equity Ratio 0.09 0.10 0.10 0.10 0.09
Fixed Asset Turnover 1.05 0.92 0.81 0.72 0.64
Total Assets Turnover
Profitability Ratio
Gross Profit Margin 3.08 3.19 3.31 3.43 3.56
Operating Profit Margin 0.25 0.30 0.34 0.38 0.42
Net Profit Margin 0.18 0.23 0.30 0.38 0.47
Return on Total Assets 0.18 0.19 0.19 0.19 0.19
Return on Partner's Equity 0.20 0.21 0.21 0.21 0.21