ASSETS LIABILITIES & NET WORTH

Equipment Customers
Land Industrial Bay Acum Deprec. and Acum Deprec. Fixed Income Goods and and Acc. Bad debt Banks current Capital Reserves Short term Suppliers and Social Secutity Revenues (+)
CHECK =0
Bay Machinery Equip. Securities Materials Receivable Allowance accounts loan Acc. Payable Payable Expenses (-)

42,000 29,000 12,000 5,000 22,000 36,000 16,000 80,000 22,000 25,000 35,000 0 162,000 162,000

1 52,000 13,000 65,000 0 65,000 65,000

2 -7,500 -7,500 0 -7,500 -7,500

3 50,000 -25,000 25,000 0 25,000 25,000

4a -24,000 -24,000 0 -24,000 -24,000

4b 7,200 -7,200 0 0 0

5 -2,700 -2,700 0 -2,700 -2,700

6a -2,000 -2,000 0 -2,000 -2,000

6b -1,000 -1,000 0 -1,000 -1,000

7 -42,000 60,450 32,550 51,000 0 51,000 51,000

8 200 200 0 200 200

9 2,500 2,500 0 2,500 2,500

10a -21,000 21,000 0 0 0

10b -28,000 -28,000 0 -28,000 -28,000

11 3,000 3,000 0 3,000 3,000

12 -48 -125 -173 0 -173 -173

13 -48,000 -48,000 0 -48,000 -48,000

Ending 0 29,000 -48 15,000 -125 5,000 24,000 127,450 -7,500 2,550 80,000 22,000 23,000 35,000 7,200 28,127 195,327 167,200

195,327 195,327 28,127

195,327 195,327

-42,000 0 -48 3,000 -125 0 2,000 91,450 -7,500 -13,450 0 0 -2,000 0 7,200
BALANCE SHEET
ASSETS LIABILITIES

Current Assets Current Liabilities

Cash & Bank € 2,550 Suppliers & Acc Payable
Goods & Materials € 24,000 Social Security Payable
Customer & Acc Receivable € 127,450 Short Term Loan
Total € 154,000 Total Liabilities

Non Current Assets

Industrial Bay € 29,000
Equipment & Machinery € 15,000
Fixed Income Securities € 5,000
Bad Debt Allowance -€ 7,500
Accumulated Depreciation -€ 173
Total € 41,327

Total Assets € 195,327 Total Liabilities & Equity ….....

INCOME STATEMENT
Total Revenues € 65,000
Cost of Goods Sold € 48,000
Gross Margin € 17,000

Operating Expenses:
Salaries -€ 24,000
Social Security -€ 7,200
Bad Debt Allowance -€ 7,500
Utilities -€ 2,700
Rent of equipment € 2,500
Total Operating Expenses -€ 38,900

EBITDA -€ 21,900
Depreciation -€ 173

EBIT -€ 22,073
Interest -€ 1,000
Interest Income € 200
Profit for Land € 51,000

EBT € 28,127
Taxes €0

Net Income € 28,127

 EQUITY
Capital € 80,000
Reserves € 22,000
€ 35,000 Retained Earnings € 28,127
€ 7,200 Total € 130,127
€ 23,000
€ 65,200

Total Liabilities & Equity …..... € 195,327

CASH FLOW STATEMENT RECONCILIATION
Cash Flows from Operating activities
Net income € 28,127
Depreciation expense € 173
Accounts receivable -€ 91,450
Bad Debt Allowance € 7,500
Goods / materials -€ 2,000
Social Security Payable € 7,200

Net Cash Provided by Operating Activities -€ 50,450

Cash Flows from Investing activities

Equipment & Machinery -€ 3,000
Sale of Land € 42,000

Net Cash Used for Investing Activities € 39,000

Cash Flows from Financing activities

Short Term Loan -€ 2,000

Net Cash Used for Financing Activities -€ 2,000

Net Decrease in Cash -€ 13,450

COMPARATIVE BALANCE SHEET

End Beginning
ASSETS

Current Assets
Cash & Bank € 2,550 € 16,000
Goods & Materials € 24,000 € 22,000
Customer & Acc Receivable € 127,450 € 36,000
Total € 154,000 € 74,000

Non Current Assets

Land €0 € 42,000
Industrial Bay € 29,000 € 29,000
Equipment & Machinery € 15,000 € 12,000
Fixed Income Securities € 5,000 € 5,000
Bad Debt Allowance -€ 7,500 €0
Accumulated Depreciation -€ 173 €0
Total € 41,327 € 88,000

Total Assets € 195,327 € 162,000

LIABILITIES

Current Liabilities
Suppliers & Acc Payable € 35,000 € 35,000
Social Security Payable € 7,200 €0
Short Term Loan € 23,000 € 25,000
Total Liabilities € 65,200 € 60,000

EQUITY
Capital € 80,000 € 80,000
Reserves € 22,000 € 22,000
Retained Earnings € 28,127 €0
Total Equity € 130,127 € 102,000

Total Liabilities and Equity € 195,327 € 162,000

Increase / Decrease

-€ 13,450 D
€ 2,000 i
€ 91,450 i
€ 80,000

-€ 42,000 d
€0
€ 3,000 i
€0
-€ 7,500 i
-€ 173 i
-€ 46,673

€ 33,327

€0i
€ 7,200 i
-€ 2,000 d
€ 5,200

€0
€0
€ 28,127 i
€ 28,127

€ 33,327