EFM Classic Business Free Trial

Excel-Financial-Model (EFM)
Version: "Classic Economy"
www.excel-financial-model.com
For full version click button
Version 2.01 - Free Trial Version

"The easy way to create financial forecasts
when launching or running a business"
LEGAL DISCLAIMER AND LICENSE AGREEMENT

Please read before using this Software
LEGAL DISCLAIMER
No information contained in this Software (as defined below) or obtained from Smart Cap GmbH or Fimovi should be considered as financial, investment,
accounting or tax advice, nor should it be considered a substitute for such advice.
This Software is supplied under a license agreement and may be used only in accordance with the terms of such licence agreement which is set out
below. The use of this Software is conditional upon the irrevocable and constant compliance by the user with the terms and conditions of the licence
agreement.
LICENSE AGREEMENT
Application: This agreement applies to the commercial or registered/upgraded version of Excel-Financial-Model (also referred to as “EFM” or
“Software”), comprising workbook, related files and supporting documentation.
License grant: Smart Cap GmbH grants registered users, i.e. a company, entity or individual, a license to use this Software on any compatible hardware
product (PC, notebook, smartphone, tablet), to which the registered user has exclusive or primary access. “Use” means storing, loading, installing,
executing or displaying the Software.
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(“Fimovi”) and VBA routines must not be altered under any circumstances. The Software can be copied by a registered user for backup purposes and for
the purpose of creating additional sets of projections.
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Company Profile and Contact
COMPANY PROFILE
Financial Modelling Videos enables its customers to develop flexible and robust financial plans and cash flow models using Excel. The Germany based
company provides a broad range of financial modelling related services for clients across many industry sectors.
Our financial modelling video training courses are “hands-on” with users learning concepts by building Excel financial models from scratch.
Our templates and excel tools are designed and built to be flexible, future proof, robust and user‐friendly.
Our practical training services, like seminars and workshops, enable entrepreneurs, corporate clients, and investors to build financial models applying
best practices. These tools support and enhance their business decisions, transactions and strategies.
What Financial Modelling Videos can do for you:
• Ready-to-use Excel tools and templates for corporate planning, budgeting, valuation, cash flow planning and project finance
• Development of tailor-made, individual models
• Model
Fimovi review,
- offered byoptimization and audit
Smart Cap GmbH
• Seminars and workshops
Website: www.excel-financial-model.com
Email: [email protected]
© Copyright 2011 - 2017, Smart Cap GmbH

Excel-Financial-Model (EFM)
"The easy way to create financial

forecasts when launching or
running a business"
Difference between Trial version and Commercial versio
1. Feature / Function
Planning period (model life time)
Timing parameters
(i.e. model start + last month of financial year)
Planning currency
Protection & Adaptability

Customization
Time-saving macros
2. Output sheets / Summaries
Profit & Loss, Cashflow and Balance Sheet
Key Performance Indicators (KPIs)
Working Capital & Cash Conversion Cycle (CCC)
3. Support and Updates
Support
Updates
only
US$ 15
- Instant Download
- Full functionality
- Freely customizable & exten
- Lifetime Updates
d Commercial version of Excel-Financial-Model (EFM-CE)
Free Trial Version
Restricted to 24 months max.
Timing parameters cannot be changed
Cannot be changed
Only input cells can be changed, all other cells are

password-protected (with all formulas visible)
Not possible, all sheets are password-protected
No time-saving macros included
Free Trial Version

Only 24 months, no drill-down functionality,
not editable
not included
not included
Free Trial Version
No support
No updates
only
US$ 150.00
- Instant Download
- Full functionality
- Freely customizable & extendable
- Lifetime Updates
odel (EFM-CE)
Full Commercial Version
up to 64 months (5 years)
All timing parameters fully adjustable
Any planning currency can be freely selected
All cells are accessible and editable

Freely customizable & extendable (edit sheets,
insert new sheets, paste in own sheets etc.)
Includes time-saving macros

Up to 60 months (5 years), drill-down functionality,
fully editable
Automatic calculation of numerous KPIs regarding

liquidity & coverage, income / profitability, etc.
Automatic calculation of Days Sales Outstanding

(DSO), Days Inventory Held (DIH), Days Payable
Outstanding (DPO), and CCC
30 days technical support
Lifetime free updates

Quick Start Guide Excel-Financial-Model (vVersion 2.01 - Free Trial Version)
Note
This quick start guide will help you to get started. It will provide you with an overview of the layout and structure of Excel-Financial-Model as well as the basic
steps (chronology) of the planning process. This short introduction cannot replace the comprehensive Manual.
For more detailed information users are strongly encouraged to read the "Users Manual".
A - Layout and Structure of EFM

The below screenshot shows the layout and structure of the model. Please note the colour code used for the different worksheets.
Numbers outline the recommended order of planning steps in preparing a new model. It is recommended to input all financing assumptions at the end of the
planning process as funding requirements depend on all other input data (see Building a new model - How to proceed).

B Inputs & Removal of Worksheet Protection
Apart from (optional) one-time modifications on sheet “Index”, like e.g. inserting your own logo, disclaimer and contact details, inputs are only necessary and
possible on yellow coloured worksheets (= input sheets).
Within these individual input sheets, data entry is only permitted in input cells,
which are clearly recognizable by a consistent format (see below screenshot
=> cell style “Input”).
In “delivery state” all worksheets are password protected. To unprotect one or more worksheets please use the password: “0000”
C Building a new model - How to proceed
1. Open Excel-Financial-Model and save new file
To start constructing a new model, load the original xlsm-file and immediately save it with an appropriate new file name.
2. Remove all existing assumptions and input data
As the original file comes with a fictive example planning, click the button „New planning - erase all input data“ on sheet “Inputs”. After running this macro
(which may take 20 to 30 seconds) you will have an empty template.
3. Enter general model assumptions

Go to sheet “Inputs” and fill in the general model assumptions. Important: Default currency and denomination should not be changed later on as input values
(currencies) will not be converted. Only variable descriptions and unit descriptions will change accordingly.
4. Enter assumptions for products and services

On Sheet “Inputs” fill in descriptions for up to 10 different products or services, corresponding input/output taxes (if applicable, otherwise chose zero rate),
revenue share per product and bad debts (both optional).
5. Enter assumptions for human resources
On Sheet “Inputs” fill in names or position for up to 5 divisions (Direct Labour Staff, Management & Administration Staff etc.). Note: Base salary has to be for 12
months, without income taxes and social insurances. The detailed staff planning (monthly deployment schedule) will be done later on sheet “Human
Resources”. Fill in percentage for income taxes & social insurances and assumptions for “Other Staff Costs” (optional).
6. Enter financing assumptions

Financing Assumptions should be entered at the end of the planning process as funding requirements depend on all other input data. To avoid funding
shortfalls during the planning process we recommend to temporarily set “Initial Equity” to a very high number (e.g. 2 million) and set cash-in at first month to
“NO” (please refer to the manual for more details on the funding waterfall).
7. Enter payment targets and tax assumptions

On Sheet “Inputs” fill in the remaining assumptions (payment targets and taxes). These inputs can be easily changed at any time during or after the planning
process. Be aware that any change later on may have (positive or negative) effects on funding requirements.
8. Enter assumptions for inventory planning and opening balance

If you would like to include detailed inventory planning, please activate corresponding selection on sheet “Inputs”. Profit & Loss items and Balance Sheet items
can be planned later on. The opening balance is optional. For “new” companies (foundations) or projects leave input cells blank.
9. Enter Sales
Go to sheet “Sales” and enter monthly sales quantities and prices. For each product/service you have two input options, 1. Manual direct input and 2. Price
multiplied by quantity.
10. Enter monthly personnel deployment schedule
Go to sheet “Human Resources” and decide for each position/employee whether social security contributions should be calculated and fill in monthly number
and availability (Direct Labour Staff will be planned separately later on).
11. Enter Cost of Materials/Packaging or Goods required and target inventory

Go to sheet “Costs 01” and enter cost of materials or goods required for each of your product/service. There are 3 different planning methods available. You are
free to use one of them, two or all three at the same time.
If inventory planning is switched on (=> sheet “Inputs”) you can enter individual inventory targets for each product as percentage of net sales.
12. Enter direct costs

Go to sheet “Costs 02” to enter direct labour costs and other direct costs. Planning logic for direct labour costs is the same as for other employees (=> sheet
Please“Human
refer to the manual forFor
Resources”). further
otherdetails
direct !!! Quick
costs variable descriptions (input cells) canStart
be changed. Page 8 of 100
13. Enter indirect costs (Overheads)

and availability (Direct Labour Staff will be planned separately later on).
11. Enter Cost of Materials/Packaging or Goods required and target inventory

Go to sheet “Costs 01” and enter cost of materials or goods required for each of your product/service. There are 3 different planning methods available. You are
free to use one of them, two or all three at the same time.
If inventory planning is switched on (=> sheet “Inputs”) you can enter individual inventory targets for each product as percentage of net sales.
12. Enter direct costs
Go to sheet “Costs 02” to enter direct labour costs and other direct costs. Planning logic for direct labour costs is the same as for other employees (=> sheet
“Human Resources”). For other direct costs variable descriptions (input cells) can be changed.
13. Enter indirect costs (Overheads)

Go to sheet “Costs 03” to enter all indirect costs. There are 5 different groups (Management & Administrative, Operational, Sales & Marketing etc.). Variable
descriptions (input cells) can be changed according to your needs. Note: Payroll costs are directly linked from sheet “Human Resources” (no inputs here).
14. Enter capital expenditures

Go to sheet “Capex” to enter capital expenditures. You will find separate groups for intangible, tangible and financial assets. There are also options for finance
lease, sale of assets and capitalization of company produced assets (refer to the manual for any details).
15. Enter financing assumption (final step)

Before going to sheet “Financing” to fine-tune funding sources and structure, enter tax advances (prepayments) on sheet “Inputs”. Below the input row you can
see the actual amounts, calculated by the tool based on your inputs and assumptions.
Back on sheet “Financing” the drawdown of capital tranches is organized by a default funding waterfall (= funding cascade). After calculation of monthly
funding needs, equity will be used first, followed by different debt tranches and an overdraft facility at the end of the cascade.
Please refer to the manual for further details !!! Quick Start Page 9 of 100
Integrated Financial Projections => replace by your own logo
and delete this text
Company name X-ample Computech Ltd. Author TR

Legal form Limited File name #VALUE!
Model name 5 Year Forecast Last update 10 January 2017
Sheet No. Sheet Content Link to Sheet

1 Quick Start Guide of EFM Quick Start
2 Index (This Sheet) Index
3 Executive Summary Summary 01
4 Income Statement (overview) Summary 02
5 Cash Flow (overview) Summary 03
6 Balance Sheet (overview) Summary 04
7 Model Assumptions Inputs For full version click button
8 Sales Sales Full Version

9 Personnel schedules and costs Human Resources
10 Cost of Materials/Goods & Inventory Costs 01
11 Direct Labor & Other Direct Costs Costs 02
12 Operating Expenses (Overheads) Costs 03
13 Capital Expenditures and Depreciation Capex
14 Funding Financing
15 Integrated Financial Statements (monthly) IFS
16 Receivables and Payables Debtors+Creditors
17 Input/Output tax & Tax on Profit Taxes
18 Timing Master Timing
19 Formatting Styles, Constants, Lookup Tables Formats
Legal Disclaimer
=> fill in your own disclaimer here !
Contact
=> fill in your own contact data here !
www.excel-financial-model.com Index page 10 of 100

Financial Forecast - X-ample Computech Ltd.
Model: 5 Year Forecast Go to table of contents Company: X-ample Computech Ltd. File Name: ###
Model Integrity: Ok Go to error checks Model Name: 5 Year Forecast Last updated: 1/10/2017
Capital Requirement and Funding Sources of Funds
Sources of Funds in USD in %
1. Equity 75,000 26.2%

Share Capital 75,000 26.2%
2. Debt 210,880 73.8%
Debt: UL Bank 80,000 28.0%
Debt: HSBC Bank 40,000 14.0%
Debt: UBS 60,000 21.0%
Debt: Shareholder Loan 7,500 2.6%
Overdraft Facility 23,380 8.2%
Total Funding 285,880 100.0%
Funding Structure
26%
Total Funding Requirement (USD) 285,880 100.0%
thereof debt 210,880 73.8% Debt Equity
thereof equity 75,000 26.2%
Gearing (debt equity ratio) 2.8 :1 74%
Sources and Uses during first 12 months

12 months commencing in Mar 2019
SOURCES in USD in % Bar Chart USES in USD in % Bar Chart
Cash collected from sales (incl. VAT) 2,272,159 88.2% Revenue share 23,320 0.9%
Advances received 5,000 0.2% Cost of Materials/Goods (incl. VAT) 962,867 37.4%
Other operating & extraordinary income 11,000 0.4% Other Direct Costs (incl. VAT) 43,921 1.7%
Fixed asset disposals - - Overheads (incl. VAT) 443,282 17.2%
Interest received on cash deposits 1,528 0.1% Direct labor costs (w/o social insurance+income t 59,468 2.3%
VAT recovered from tax authority - - Social insurance & income tax (PAYE/Payroll wit 63,952 2.5%
Share Capital 75,000 2.9% Extraordinary expenses - -
Debt: UL Bank 80,000 3.1% Capital Expenditure (incl. VAT) 499,550 19.4%
Debt: HSBC Bank 40,000 1.6% Finance lease (charges & repayments) 2,250 0.1%
Debt: UBS 60,000 2.3% Advance payments & utilisation of accruals 12,500 0.5%
Debt: Shareholder Loan 7,500 0.3% Interest + Financing Costs 17,677 0.7%
Overdraft Facility 23,380 0.9% Principal payments 56,880 2.2%
VAT paid to tax authority 36,203 1.4%
Taxes on income paid 105,000 4.1%
Liquidity/cash reserve 248,697 9.7%
Dividend payout - -
Total Sources 2,575,567 100.0% Total Uses 2,575,567 100.0%
Check: Sources = Uses Ok -
www.excel-financial-model.com Summary 01 page 11 of 100

Income Statement
(all currency in USD) FY 2018 in % FY 2019 in % available in commercial version only
(last month in fiscal year: NOV) ###
Revenue 1,454,383 100.0% 2,282,650 100.0%
Cost of Sales 731,676 50.3% 1,044,060 45.7%
Gross Profit 722,707 49.7% 1,238,590 54.3%
Operating Expenses (Overheads) 320,111 22.0% 703,100 30.8%
Trading Profit 402,596 27.7% 535,490 23.5%
Other operating income 4,500 0.3% 7,250 0.3%
Bad debts 21,816 1.5% 34,240 1.5%
Profit/loss sale of fixed assets - - - -
Extraordinary result 5,500 0.4% (1,750) (0.1%)
EBITDA 390,780 26.9% 506,751 22.2%
Depreciation & Amortization 80,331 5.5% 131,936 5.8%
Earnings before Interest and Tax (EBIT) 310,450 21.3% 374,814 16.4%
Interest 14,326 1.0% 13,008 0.6%
Earnings before Tax (EBT) 296,124 20.4% 361,807 15.9%
Taxes on Income 88,837 6.1% 108,542 4.8%
Net Profit after Tax (NPAT) 207,287 14.3% 253,265 11.1%
cumulated (33,500) 173,787 427,051
Check (aggregation) Ok

Sales, Cost of Sales and Gross Profit Contribution by Product/Service
1. Sales by Product/Service (all currency in USD)
2,500,000
Desktops Workstations
2,000,000
Notebooks Software Products
1,500,000
Commercial version will show up to 5 years !
Net work infrastructure solutions Repair Services
1,000,000
Integration Services Consulting Services
500,000
Spare Parts License Fees
0
FY 2018 FY 2019
Sales (in USD) FY 2018 in % FY 2019 in % available in commercial version only

Product/Service
Desktops 355,300 24.4% 443,300 19.4%
Workstations 202,400 13.9% 326,600 14.3%
Notebooks 123,280 8.5% 180,180 7.9%
Software Products 76,050 5.2% 100,050 4.4%
Net work infrastructure solutions 41,000 2.8% 63,413 2.8%
Repair Services 125,928 8.7% 155,184 6.8%
Integration Services 164,000 11.3% 240,000 10.5%
Consulting Services 177,580 12.2% 262,918 11.5%
Spare Parts 88,825 6.1% 110,825 4.9%
License Fees 100,020 6.9% 400,180 17.5%
Total 1,454,383 100.0% 2,282,650 100.0%

2. Cost of Sales by Product/Service (all currency in USD)
1,200,000
1,000,000 Desktops Workstations
800,000 Notebooks Software Products
600,000 Net work infrastructure solutions Repair Services
400,000 Integration Services Consulting Services
200,000
0
FY 2018 FY 2019
Cost of Sales (in USD) FY 2018 in % FY 2019 in % available in commercial version only
Product/Service
Desktops 220,043 30.1% 278,080 26.6%
Workstations 161,023 22.0% 276,110 26.4%
Notebooks 75,950 10.4% 109,676 10.5%
Repair Services 100,869 13.8% 140,004 13.4%
Spare Parts 68,305 9.3% 85,629 8.2%
License Fees 1,610 0.2% 7,372 0.7%
Total 731,676 100.0% 1,044,060 100.0%

3. Gross Profit Contribution by Product/Service (all currency in USD)
1,400,000
1,200,000
Desktops Workstations
1,000,000
Notebooks Software Products
800,000 Commercial version will show up to 5 years !

Net work infrastructure solutions Repair Services
600,000
Integration Services Consulting Services

400,000

200,000
0
FY 2018 FY 2019
Gross Profit Contribution (in USD) FY 2018 in % FY 2019 in % available in commercial version only
Product/Service
Desktops 135,257 18.7% 165,220 13.3%
Workstations 41,377 5.7% 50,490 4.1%
Notebooks 47,330 6.5% 70,504 5.7%
Repair Services 25,059 3.5% 15,180 1.2%
Spare Parts 20,520 2.8% 25,196 2.0%
License Fees 98,410 13.6% 392,808 31.7%
Total 722,707 100.0% 1,238,590 100.0%

Revenue, Gross Profit and Net Profit (in USD '000)
2,500
2,283
2,000
1,500 1,454
Commercial version will show up to 5 years !
1,239
1,000
723
500
207 253
0
FY 2018 FY 2019
Revenue Gross Profit Net Profit after Tax (NPAT)
Company Headcount and Cost of Payroll

Headcount
Headcount FY 2018 FY 2019
by Division
Total no of Employees (end of FY on FTE basis) 11 14
FY 2018 FY 2019
Change (year to year) 11 3 16
14
Total Cost of payroll 12

incl. salaries & wages, benefits and other staff costs (in USD)
FY 2018 FY 2019 10
Division 1 2
8
Direct Labor Staff 48,667 101,926
Management & Administration Staff 60,650 137,697
6
Operational Staff 52,200 163,307
Sales, Marketing & Distribution Staff 68,650 166,400 4
Research & Development 21,400 62,289
2
Total costs of payroll 251,567 631,619

Indirect Cash Flow (as derived from NPAT) Cash balance during the first 12 months
1 1
(all currency in USD) FY 2018 FY 2019 available in commercial version only (in USD) (commencing in Mar 2019)
(last month in fiscal year: NOV) ###
1. Cash flow from operating activities Year 1 Year 2
350,000
Net Profit after Tax (NPAT) 207,287 253,265
Depreciation & Amortization 80,331 131,936
Change in working capital 1,323 (181) 300,000
Change in accounts receivables (21,955) (4,518)
Change in accounts payables 29,126 5,864
Change in sundry creditors 4,997 867 250,000
Change in advances received 5,000 (5,000)
Change in advance payments (10,000) 5,000
Change in inventory / stock (5,845) (2,395) 200,000
Company produced additions - -

Change in accruals (1,500) -
150,000
Change in payroll withholdings owed 3,104 2,616
Change in income tax liabilities 8,837 (295)
Change in VAT liabilities 33,101 86,664
100,000
Net cash flow from operating activities 332,482 474,005
2. Cash flow from investing activities

50,000
Capex on intangible assets (75,000) -
Capex on tangible assets (270,000) (82,500)
Capex on financial assets (55,000) (11,250)
0
Proceeds of assets disposals - -
Net cash flow from investing activities (400,000) (93,750)
-50,000
3. Cash flow from financing activities
Cash receipts from new share capital 75,000 -
Drawdowns on loans 169,000 -
-100,000
Principal repayments on loans - (59,262)
20
19
19
19
19
l1
ay
ov
n
ar
p
Finance lease repayments (1,250) (1,500)
Ju
Ja
Se
M
N
01
01
01
01
01
01
Dividend payments - (175,000)
Net cash flow from financing activities 242,750 (235,762) Cash Balance (end of month)
Overdraft Facility (end of month)
Net increase/decrease in cash 175,232 144,492
Maximum Overdraft (limit)
Cash at the beginning of the period 5,000 180,232
Cash at the end of the period 180,232 324,725

Projected Cash Flow by Year all currency in USD
350,000
300,000
250,000
200,000 Commercial version will show up to 5 years !

175,232 Net Cash Flow
150,000 144,492 Cash Balance (End-of-Year)
100,000
50,000
0
FY 2018 FY 2019

Balance Sheet
all currency in USD as per end of NOV
Assets FY 2018 FY 2019 available in commercial version only Liabilities & Shareholders Equity FY 2018 FY 2019 available in commercial version only
Non-current Assets 616,669 578,483 Current Liabilities 152,468 242,569

Trade & Sundry Creditors 44,123 50,854
Intangible Assets 71,850 64,150 Overdraft facility - -
Tangible Assets 489,819 448,083 Accruals 8,500 8,500
Financial Assets / Investments 55,000 66,250 VAT 38,749 126,209
Taxes on Income 8,837 8,542
Current Assets 249,085 396,375 Other current liabilities 52,259 48,464
Inventory 17,845 20,240 Long-term Liabilities 394,500 335,238

Changes in advance payments 10,000 5,000
Accounts receivables 35,360 39,966 Shareholders Equity 318,787 397,051
VAT owed to company 5,649 6,444 Share Capital 145,000 145,000
Cash at bank 180,232 324,725 Retained Earnings 173,787 252,051
Total Assets 865,755 974,858 Total Liabilities & Shareholders Equity 865,755 974,858
Check: Balance Identity Ok Ok

Abbreviations
As - Assets
Cur - Current
Deb - Debt
Depr - Depreciation & Amortization
Eq - (Shareholders) Equity
Fix - Fixed
FixAs - Fixed Assets (Intangibles & Tangibles)
FTE - Full Time Equivalent
GrProf - Gross Profit
Liab - Liabilities
longt - long-term
Net Inc - Net Income (EBIT)
NPAT - Net Profit after Tax
OpProf - Operating (Trading) Profit
Tot - Total

FY 2018 FY 2018
Income Statement Q-1 Q-2 Q-3 Q-4 Total

(all figures in USD) Period Start 01 Dec 18 01 Jan 19 01 Feb 19 01 Mar 19 01 Apr 19 01 May 19 01 Jun 19 01 Jul 19 01 Aug 19 01 Sep 19 01 Oct 19 01 Nov 19 01 Mar 19
Period End 31 Dec 18 31 Jan 19 28 Feb 19 31 Mar 19 30 Apr 19 31 May 19 30 Jun 19 31 Jul 19 31 Aug 19 30 Sep 19 31 Oct 19 30 Nov 19 30 Nov 19
Revenue
- Desktops - - - 38,500 40,700 40,700 40,700 40,700 40,700 40,700 36,300 36,300 355,300
- Workstations - - - 18,400 23,000 23,000 23,000 23,000 23,000 23,000 23,000 23,000 202,400
- Notebooks - - - 13,400 13,400 13,400 13,400 13,400 13,400 13,400 14,740 14,740 123,280
- Software Products - - - 8,250 8,550 8,550 8,550 8,550 8,550 8,550 8,250 8,250 76,050
- Net work infrastructure solutions - - - 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 5,000 41,000
- Repair Services - - - 13,992 13,992 13,992 13,992 13,992 13,992 13,992 13,992 13,992 125,928
- Integration Services - - - 18,000 18,000 18,000 18,000 18,000 18,000 18,000 18,000 20,000 164,000
- Consulting Services - - - 18,955 19,145 19,336 19,529 19,725 19,922 20,121 20,322 20,526 177,580
- Spare Parts - - - 9,625 10,175 10,175 10,175 10,175 10,175 10,175 9,075 9,075 88,825
- License Fees - - - - - - - - - 100,020 - - 100,020
Total Revenue - - - 143,622 151,462 151,653 151,846 152,042 152,239 252,458 148,179 150,883 1,454,383
Cost of Sales
- Materials/packaging/goods - - - 66,911 71,957 71,972 71,986 72,001 72,016 72,031 69,401 69,641 637,914
- Direct labor - - - 4,250 4,250 4,250 4,250 4,250 4,250 6,333 8,417 8,417 48,667
- Other direct costs - - - 4,381 4,770 4,824 4,881 4,941 5,004 6,070 5,064 5,161 45,095
Cost of Sales - - - 75,542 80,977 81,046 81,117 81,192 81,269 84,434 82,881 83,219 731,676
Gross Profit - - - 68,080 70,485 70,607 70,729 70,850 70,970 168,025 65,298 67,664 722,707
Gross profit margin (in %) - - - 52.6% 53.5% 53.4% 53.4% 53.4% 53.4% 33.4% 55.9% 55.2% 50.3%
Operating Expenses (Overheads)
- Management & Administration - - - 12,083 7,085 7,087 7,089 7,091 7,094 7,096 7,098 7,100 68,824
- Operational - - - 4,633 4,773 4,843 4,913 4,983 5,053 5,123 13,593 13,663 61,580
- Sales, Marketing & Distribution - - - 12,942 11,269 11,273 11,607 11,281 17,835 18,839 16,414 16,798 128,258
- Research & Development - - - - - - - - 6,100 5,100 5,100 5,100 21,400
- General & Miscellaneous - - - 4,450 4,450 4,450 4,450 4,450 4,450 4,450 4,450 4,450 40,050
Total Overheads - - - 34,109 27,578 27,654 28,060 27,806 40,532 40,608 46,655 47,111 320,111
Trading Profit - - - 33,971 42,907 42,954 42,669 43,044 30,438 127,416 18,643 20,553 402,596
Other operating income - - - - - - 4,500 - - - - - 4,500
Bad debts - - - 2,154 2,272 2,275 2,278 2,281 2,284 3,787 2,223 2,263 21,816
Profit/loss sale of fixed assets - - - - - - - - - - - - -
Depreciation & Amortization - - - 4,531 5,850 9,517 9,517 10,183 10,183 10,183 10,183 10,183 80,331
Operating Profit - - - 27,286 34,785 31,162 35,375 30,580 17,971 113,446 6,237 8,106 304,950
Interest payable - - - 2,201 3,450 1,474 1,257 1,312 1,312 1,293 1,293 1,293 14,884
Interest receivable - - - 6 - - - 39 35 44 195 239 558
Extraordinary expenses - - - - 1,000 - - - - - - - 1,000
Extraordinary income - - - - - - - - - - 6,500 - 6,500
Net Profit before Tax - - - 25,092 30,335 29,688 34,118 29,307 16,694 112,197 11,640 7,053 296,124
Taxes on income - - - 9,871 9,871 9,871 9,871 9,871 9,871 9,871 9,871 9,871 88,837
Net Profit after Tax (NPAT) - - - 15,221 20,465 19,817 24,247 19,437 6,823 102,326 1,769 (2,818) 207,287
cumulated (33,500) (33,500) (33,500) (33,500) (18,279) 2,185 22,002 46,250 65,686 72,510 174,836 176,605 173,787 173,787

FY 2019 FY 2019
Income Statement Q-1 Q-2 Q-3 Q-4 Total

(all figures in USD) 01 Dec 19 01 Mar 20 01 Jun 20 01 Sep 20 01 Dec 19
29 Feb 20 31 May 20 31 Aug 20 30 Nov 20 30 Nov 20
Revenue
- Desktops 108,900 108,900 108,900 116,600 443,300
- Workstations 82,800 82,800 82,800 78,200 326,600
- Notebooks 44,220 44,220 45,540 46,200 180,180
- Software Products 24,750 24,750 24,750 25,800 100,050
- Net work infrastructure solutions 15,151 15,610 16,083 16,570 63,413
- Repair Services 40,704 38,160 38,160 38,160 155,184
- Integration Services 60,000 60,000 60,000 60,000 240,000
- Consulting Services 62,816 64,720 66,681 68,701 262,918
- Spare Parts 27,225 27,225 27,225 29,150 110,825
- License Fees 100,030 100,040 100,050 100,060 400,180
Total Revenue 566,596 566,424 570,188 579,441 2,282,650
Cost of Sales
- Materials/packaging/goods 216,757 215,025 215,300 218,797 865,880
- Direct labor 25,418 25,503 25,503 25,503 101,926
- Other direct costs 17,772 18,541 19,471 20,471 76,254
Cost of Sales 259,947 259,069 260,273 264,771 1,044,060
Gross Profit 306,649 307,356 309,915 314,671 1,238,590
Gross profit margin (in %) 45.9% 45.7% 45.6% 45.7% 45.7%
- Management & Administration 36,949 37,387 37,457 37,479 149,271
- Operational 41,997 42,920 43,550 56,260 184,727
- Sales, Marketing & Distribution 52,452 64,658 67,894 68,409 253,413
- Research & Development 15,498 15,597 15,597 15,597 62,289
- General & Miscellaneous 13,350 13,350 13,350 13,350 53,400
Total Overheads 160,245 173,912 177,848 191,094 703,100
Trading Profit 146,403 133,444 132,067 123,576 535,490
Other operating income - 7,250 - - 7,250
Bad debts 8,499 8,496 8,553 8,692 34,240
Profit/loss sale of fixed assets - - - - -
Depreciation & Amortization 30,550 32,869 34,258 34,258 131,936
Operating Profit 107,354 99,328 89,256 80,626 376,564
Interest payable 3,793 4,429 4,235 4,085 16,542
Interest receivable 970 731 738 1,095 3,534
Extraordinary expenses - - 1,750 - 1,750
Extraordinary income - - - - -
Net Profit before Tax 104,531 95,630 84,009 77,636 361,807
Taxes on income 27,135 27,135 27,135 27,135 108,542
Net Profit after Tax (NPAT) 77,396 68,495 56,874 50,500 253,265
cumulated 251,182 319,677 376,551 427,051 427,051
Check (aggregation)

FY 2018 FY 2018
Cash Flow (Direct) Q-1 Q-2 Q-3 Q-4 Total
(all figures in USD) Period Start 01 Dec 18 01 Jan 19 01 Feb 19 01 Mar 19 01 Apr 19 01 May 19 01 Jun 19 01 Jul 19 01 Aug 19 01 Sep 19 01 Oct 19 01 Nov 19 01 Mar 19
Period End 31 Dec 18 31 Jan 19 28 Feb 19 31 Mar 19 30 Apr 19 31 May 19 30 Jun 19 31 Jul 19 31 Aug 19 30 Sep 19 31 Oct 19 30 Nov 19 30 Nov 19
Cash Inflows
Cash collected from sales (incl. VAT) - - - 135,222 168,871 177,966 178,490 175,596 175,829 274,584 172,795 174,590 1,633,943
Changes in advances received - - - - 5,000 - - - - - - - 5,000
Other operating & extraordinary income - - - - - - 4,500 - - - 6,500 - 11,000
Fixed asset disposals (intangible & tangible assets) - - - - - - - - - - - - -
Interest received on cash deposits - - - 6 - - - 39 35 44 195 239 558
Total Cash Inflows - - - 135,228 173,871 177,966 182,990 175,635 175,864 274,628 179,490 174,830 1,650,501
Cash Outflows
Revenue share - - - (1,038) (1,799) (2,002) (2,005) (2,005) (2,005) (2,005) (1,984) (1,978) (16,820)
Cost of Materials/Goods (incl. VAT) - - - (43,847) (87,181) (83,705) (83,379) (83,508) (83,525) (83,542) (82,537) (80,150) (711,374)
Other Direct Costs (incl. VAT) - - - (3,005) (3,152) (3,214) (3,279) (3,347) (3,418) (4,634) (3,521) (3,632) (31,202)
Overheads (incl. VAT) - - - (28,516) (26,321) (26,716) (27,178) (26,889) (37,855) (38,292) (42,446) (42,966) (297,179)
Direct labor expenses (w/o social insurance + income tax) - - - (3,417) (3,417) (3,417) (3,417) (3,417) (3,417) (5,083) (6,750) (6,750) (39,083)
Social insurance & income tax (PAYE/Payroll withholdings) - - - - (3,438) (5,938) (3,438) (3,438) (5,438) (5,208) (5,625) (7,604) (40,125)
Extraordinary expenses - - - - - - - - - - - - -
Capital Expenditure (incl. VAT) - - - (134,000) (255,200) - (6,400) (55,000) - - - - (450,600)
Finance lease charges paid - - - - - - - (125) (125) (125) (125) (125) (625)
Finance lease capital payments - - - - - - - - - (1,250) - - (1,250)
Changes in advance payments - - - - - - - - - - - (10,000) (10,000)
Utilisation of accruals - - - - - - (2,500) - - - - - (2,500)
Interest paid (Debt 1-4) - - - (35) (35) (642) (443) (373) (373) (373) (373) (373) (3,020)
Financing fees (Debt 1-4) - - - (1,333) (2,582) - - - - - - - (3,915)
Interest paid (debt facilities existent at model start) - - - (833) (833) (833) (814) (814) (814) (795) (795) (795) (7,324)
VAT paid/recovered to/from tax authority - - - - - - (12,100) - - (12,151) - - (24,251)
Taxes on income paid - - - - - (26,667) - - (26,667) - - (26,667) (80,000)
Total Cash Outflows - - - (216,023) (383,956) (153,132) (144,952) (178,915) (163,636) (153,459) (144,157) (181,040) (1,719,269)
Financing
Equity
Share Capital - - - 75,000 - - - - - - - - 75,000
Debt
Debt Facilities (at model start) - - - - - (5,000) - - (5,000) - - (5,000) (15,000)
Debt 1: UL Bank - - - 795 79,205 - - - - - - - 80,000
Debt 2: HSBC Bank - - - - 40,000 - - - - - - - 40,000
Debt 3: UBS - - - - 60,000 - - - - - - - 60,000
Debt 4: Shareholder Loan - - - - 7,500 - - - - - - - 7,500
Overdraft facility - - - - 23,380 (19,834) (7,046) - - - - - (3,500)
Total Financing - - - 75,795 210,085 (24,834) (7,046) - (5,000) - - (5,000) 244,000
Cash flow available for equity (CFADS) - - - (5,000) - - 30,992 (3,280) 7,228 121,169 35,333 (11,210) 175,232
Dividend payments - - - - - - - - - - - - -
Change in Cash and Cash Balance

Net Cash Flow - - - (5,000) - - 30,992 (3,280) 7,228 121,169 35,333 (11,210) 175,232
Cash B/f 5,000 5,000 5,000 5,000 - - - 30,992 27,712 34,940 156,109 191,443 5,000
Cash C/f 5,000 5,000 5,000 5,000 - - - 30,992 27,712 34,940 156,109 191,443 180,232 180,232
Check: Cash always ≥ 0 Ok - - - - - - - - - - - - -

FY 2019 FY 2019
Cash Flow (Direct) Q-1 Q-2 Q-3 Q-4 Total

Cash Inflows
Cash collected from sales (incl. VAT) 633,216 635,449 639,567 648,209 2,556,442
Changes in advances received - (3,000) - (2,000) (5,000)
Other operating & extraordinary income - 7,250 - - 7,250
Fixed asset disposals (intangible & tangible assets) - - - - -
Interest received on cash deposits 970 731 738 1,095 3,534
Total Cash Inflows 634,186 640,430 640,306 647,304 2,562,226
Cash Outflows
Revenue share (6,500) (6,615) (6,615) (6,516) (26,246)
Cost of Materials/Goods (incl. VAT) (251,493) (249,388) (249,896) (249,620) (1,000,397)
Other Direct Costs (incl. VAT) (12,718) (13,595) (14,656) (15,939) (56,908)
Overheads (incl. VAT) (146,103) (157,192) (160,312) (171,479) (635,085)
Direct labor expenses (w/o social insurance + income tax) (20,385) (20,453) (20,453) (20,453) (81,743)
Social insurance & income tax (PAYE/Payroll withholdings) (23,827) (26,710) (28,419) (29,914) (108,870)
Extraordinary expenses - - (1,750) - (1,750)
Capital Expenditure (incl. VAT) (48,950) (59,000) - - (107,950)
Finance lease charges paid (375) (375) (375) (375) (1,500)
Finance lease capital payments - - - (1,500) (1,500)
Changes in advance payments - 5,000 - - 5,000
Utilisation of accruals - - - - -
Interest paid (Debt 1-4) (1,090) (1,781) (1,644) (1,550) (6,065)
Financing fees (Debt 1-4) - - - - -
Interest paid (debt facilities existent at model start) (2,329) (2,273) (2,216) (2,160) (8,978)
VAT paid/recovered to/from tax authority (11,952) (6,689) (11,911) (12,093) (42,644)
Taxes on income paid (25,000) (33,837) (25,000) (25,000) (108,837)
Total Cash Outflows (550,721) (572,907) (523,246) (536,598) (2,183,471)
Financing
Equity
Share Capital - - - - -
Debt
Debt Facilities (at model start) (5,000) (5,000) (5,000) (5,000) (20,000)
Debt 1: UL Bank - - - (1,762) (1,762)
Debt 2: HSBC Bank (10,000) - (10,000) - (20,000)
Debt 3: UBS - (10,000) - - (10,000)
Debt 4: Shareholder Loan - - (7,500) - (7,500)
Overdraft facility - - - - -
Total Financing (15,000) (15,000) (22,500) (6,762) (59,262)
Cash flow available for equity (CFADS) 68,465 52,523 94,560 103,944 319,492
Dividend payments - (175,000) - - (175,000)

Net Cash Flow 68,465 (122,477) 94,560 103,944 144,492
Cash B/f 180,232 248,697 126,221 220,781 180,232
Cash C/f 248,697 126,221 220,781 324,725 324,725
Check: Cash always ≥ 0 - - - - -
Check (aggregation)

FY 2018 FY 2018
Balance Sheet Q-1 Q-2 Q-3 Q-4 Total
(all figures in USD) 28 Feb 19 01 Dec 18 01 Jan 19 01 Feb 19 01 Mar 19 01 Apr 19 01 May 19 01 Jun 19 01 Jul 19 01 Aug 19 01 Sep 19 01 Oct 19 01 Nov 19 01 Mar 19
Op Bal 31 Dec 18 31 Jan 19 28 Feb 19 31 Mar 19 30 Apr 19 31 May 19 30 Jun 19 31 Jul 19 31 Aug 19 30 Sep 19 31 Oct 19 30 Nov 19 30 Nov 19
Intangible Assets 2,000 - - - 76,983 76,342 75,700 75,058 74,417 73,775 73,133 72,492 71,850 71,850
Tangible Assets 255,000 - - - 300,486 515,278 506,403 537,528 527,986 518,444 508,903 499,361 489,819 489,819
Financial Assets / Investments - - - - - - - - 55,000 55,000 55,000 55,000 55,000 55,000
Total Non-current Assets 257,000 - - - 377,469 591,619 582,103 612,586 657,403 647,219 637,036 626,853 616,669 616,669
Inventory 12,000 - - - 16,570 18,390 18,390 18,390 18,390 18,390 18,390 17,845 17,845 17,845
Changes in advance payments - - - - - - - - - - - 10,000 10,000
Accounts receivables 12,500 - - - 38,684 43,385 40,506 37,381 37,381 37,381 37,381 35,822 35,360 35,360
VAT owed to company - - - 4,692 6,030 6,079 6,079 6,079 6,079 6,079 5,741 5,649 5,649
Cash at bank 5,000 - - - - - - 30,992 27,712 34,940 156,109 191,443 180,232 180,232
Total Current Assets 29,500 - - - 59,945 67,805 64,975 92,842 89,562 96,790 217,959 250,851 249,085 249,085
Overdraft facility 3,500 - - - 3,500 26,880 7,046 - - - - - - -

Changes in advances received - - - - 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
Accounts Payables 10,000 - - - 42,992 40,924 40,736 40,844 40,855 40,866 40,877 38,580 39,126 39,126
Sundry Creditors - - - 4,150 4,492 4,564 4,636 4,708 4,780 4,852 4,924 4,997 4,997
Accrued revenue share - - - 708 914 917 917 917 917 917 908 905 905
Accruals 10,000 - - - 10,000 11,000 11,000 8,500 8,500 8,500 8,500 8,500 8,500 8,500
Finance lease obligations - - - - - - 40,000 40,000 40,000 38,750 38,750 38,750 38,750
Payroll withholdings owed 4,500 - - - 7,938 7,938 5,438 5,438 5,438 5,208 5,625 7,604 7,604 7,604
VAT owed by company - - - 6,660 7,177 7,157 7,184 7,196 7,208 7,220 6,862 6,960 6,960
Taxes on income owed - - - 9,871 19,742 2,946 12,816 22,687 5,891 15,762 25,633 8,837 8,837
VAT owed to tax authority - - - 2,081 (21,327) (9,227) (15,656) (3,522) 8,630 8,157 19,838 31,790 31,790
Total Current Liabilities 28,000 - - - 87,899 102,739 75,575 109,679 131,779 127,000 135,660 156,600 152,468 152,468
Net current assets 1,500 - - - (27,954) (34,934) (10,600) (16,836) (42,216) (30,210) 82,300 94,252 96,617 96,617
Total assets less current liabilities 258,500 - - - 349,516 556,685 571,502 595,750 615,186 617,010 719,336 721,105 713,287 713,287
Debt Facilities (at model start) 222,000 - - - 222,000 222,000 217,000 217,000 217,000 212,000 212,000 212,000 207,000 207,000
Debt 1: UL Bank - - - 795 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000
Debt 2: HSBC Bank - - - - 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000
Debt 3: UBS - - - - 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000
Debt 4: Shareholder Loan - - - - 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500
Long-term Liabilities 222,000 - - - 222,795 409,500 404,500 404,500 404,500 399,500 399,500 399,500 394,500 394,500
NET ASSETS 36,500 - - - 126,721 147,185 167,002 191,250 210,686 217,510 319,836 321,605 318,787 318,787
Share Capital 70,000 - - - 145,000 145,000 145,000 145,000 145,000 145,000 145,000 145,000 145,000 145,000
Retained Earnings / (loss carried forward) (33,500) - - - (18,279) 2,185 22,002 46,250 65,686 72,510 174,836 176,605 173,787 173,787
Shareholders Equity 36,500 - - - 126,721 147,185 167,002 191,250 210,686 217,510 319,836 321,605 318,787 318,787
Check 1 Ok - - - - - - - - - - - - -
Check 2 Ok - - - - - - - - - - - -
Check 3 (aggregation) Ok

FY 2019 FY 2019
Balance Sheet Q-1 Q-2 Q-3 Q-4 Total

Intangible Assets 69,925 68,000 66,075 64,150 64,150

Tangible Assets 493,694 512,750 480,417 448,083 448,083
Financial Assets / Investments 66,250 66,250 66,250 66,250 66,250
Total Non-current Assets 629,869 647,000 612,742 578,483 578,483
Inventory 19,225 19,225 19,390 20,240 20,240

Changes in advance payments 10,000 5,000 5,000 5,000 5,000
Accounts receivables 37,625 37,625 37,755 39,966 39,966
VAT owed to company 5,875 5,875 5,888 6,444 6,444
Cash at bank 248,697 126,221 220,781 324,725 324,725
Total Current Assets 321,422 193,946 288,814 396,375 396,375
Overdraft facility - - - - -
Changes in advances received 5,000 2,000 2,000 - -
Accounts Payables 40,459 40,495 40,533 44,990 44,990
Sundry Creditors 5,213 5,430 5,647 5,864 5,864
Accrued revenue share 1,020 1,020 1,020 994 994
Accruals 8,500 8,500 8,500 8,500 8,500
Finance lease obligations 38,750 38,750 38,750 37,250 37,250
Payroll withholdings owed 8,619 9,473 9,473 10,220 10,220
VAT owed by company 7,203 7,239 7,276 8,019 8,019
Taxes on income owed 10,973 4,271 6,406 8,542 8,542
VAT owed to tax authority 49,872 69,590 93,400 118,189 118,189
Total Current Liabilities 175,610 186,769 213,005 242,569 242,569
Net current assets 145,813 7,177 75,809 153,806 153,806

Total assets less current liabilities 775,682 654,177 688,551 732,289 732,289
Debt Facilities (at model start) 202,000 197,000 192,000 187,000 187,000
Debt 1: UL Bank 80,000 80,000 80,000 78,238 78,238
Debt 2: HSBC Bank 30,000 30,000 20,000 20,000 20,000
Debt 3: UBS 60,000 50,000 50,000 50,000 50,000
Debt 4: Shareholder Loan 7,500 7,500 - - -
Long-term Liabilities 379,500 364,500 342,000 335,238 335,238
NET ASSETS 396,182 289,677 346,551 397,051 397,051
Share Capital 145,000 145,000 145,000 145,000 145,000

Retained Earnings / (loss carried forward) 251,182 144,677 201,551 252,051 252,051
Shareholders Equity 396,182 289,677 346,551 397,051 397,051
Check 1 - - - - -
Check 2 - - - - -
Check 3 (aggregation)

Assumptions X-ample Computech Ltd.
Model: 5 Year Forecast Go to table of contents Run this macro to delete all input data !
Model Integrity: Ok Go to error checks
General Model Assumptions Time-saving macros available in commerical version only

Names and Information inputs only in these cells
Legal form Text Limited

Company name Text X-ample Computech Ltd.
Model name Text 5 Year Forecast
File name #VALUE!
Author of model Text TR
Last update Date 10 Jan 17
Language/Terminology (US vs. UK) Selection American English (US-Terminology) 2
Default currency code or symbol ISO 4217 Code USD max of 3 characters For full version click button
Currency unit (select denomination) 1 or 1.000 1 Full Version
Resulting currency label USD
Timing and Financial Year All timing parameters are fully adjustable in commercial version only Inputs Financial Year
Start Date Date 01 Mar 19 Last month of financial year NOV 11
Planning horizon: Short financial year + x additional yrs Additional yrs 1 Year 1st financial year in overview 01 Dec 18 until 30 Nov 19
End Date Date 30 Nov 20 Short financial year? Yes
Assumptions: Products and Services

Title for Product/Service Categories Input/output Taxes (sales taxes, GST, VAT etc.) Revenue Share
Description (used throughout the model) Select VAT Rate VAT Rate Revenue Share
1 Desktops Rate 1 20.0% -
2 Workstations Rate 2 10.0% 5.0%
3 Notebooks Rate 2 10.0%
4 Software Products Rate 1 20.0% 10.0%
5 Net work infrastructure solutions Rate 3 8.0%
6 Repair Services Rate 1 20.0%
7 Integration Services Rate 1 20.0%
8 Consulting Services Rate 1 20.0%
9 Spare Parts Rate 1 20.0%
10 License Fees Zero Rate -
=> Individual rates can be changed on this sheet in row 183 ff.
Allocation of other direct costs to products/services
Based on 1. direct payroll costs, 2. sales, or 3. percentage inputs Selection Sales 2
Bad Debts
Bad debts (as % sales) % sales 1.50%
www.excel-financial-model.com Inputs page 28 of 100

Human Resources
Wages & Salaries
Variable descriptions (input cells) can be changed Base Salary p.a.
1. Direct Labor Staff Annual Raise 2019 2020
Fill in name or positon here USD 1.0% 20,000 20,200
Fill in name or positon here USD -
2. Management & Administration Staff

3. Operational Staff
4. Sales, Marketing & Distribution Staff

5. Research & Development

Social security contributions and taxes

Income taxes & social insurances % of base salary 25.0% => can be turned on/off for each staff member (on sheet human resources)
Management & Sales, Marketing & Research &

Other Staff Costs Division =>
Administration Staff
Operational Staff
Distribution Staff Development
Recruiting Costs (one-time upon hiring) USD per FTE 5,000 - 1,500 1,000
Travel & Entertainment Costs USD /FTE/month 500 150 550 100
Communications Services USD /FTE/month 100 50 100 50
Training Costs % of base salary 5.0% 3.0% 2.0% 5.0%
Bonus at Plan Performance % of base salary 4.0% - 5.0% 2.0%
Spare % of base salary - - - -
Other staff costs for division <Direct Labor Staff> to be planned on sheet Costs 02 rows 233 ff.

Financing
Equity
Initial equity
Share Capital (maximum) USD 75,000 => cash-in at 1st month ? No
Additional equity
Share Capital USD - => cash-in on 01 Apr 16
Debt
1. Debt 1 automatic Annuity with quarterly interest and principal repayment
Facility description Text UL Bank
Include this automatic debt facility ? Selection Yes Applied
Maximum debt (limit) USD 80,000 80,000
Timing UL Bank
Drawdown Period Months after start date 12 Month(s)
End of drawdown period Date 29 Feb 20
Tenor (after drawdown period) Years 10 Year(s) 120 Month(s)
Grace period Selection 6 Month(s)
Start repayment Date 30 Aug 20
Final maturity date Date 28 Feb 30
Total no of repayments (quarterly) # 38
Interest and Financing Fees: UL Bank

Interest % p.a. 3.75% % per quarter 0.94%
Upfront Fee % of facility 1.50%
Upfront Fee USD 1,200
Commitment Fee % p.a. 2.00% % per month 0.17%
2. Debt 2 semi-automatic Manual input of drawdowns and repayments necessary, interest may be calculated automatic (if selected)
Facility description Text HSBC Bank
Manual input of interest ? Selection No Interest will be calculated on a monthly basis with below interest rate
Interest (in case automatic calculation is selected) % p.a. 3.50%
3. Debt 3
Facility description Text UBS
4. Debt 4
Facility description Text Shareholder Loan
5. Overdraft Facility / Current Account (automatic)

Current account (max. overdraft) USD 65,000 Actual max. drawdown 23,380 USD
Check current account with starting balance Check Ok
Interest paid on overdraft % p.a. 12.00% % per month 1.00%

Other Assumptions
Payment Targets receivables/payables
Payment Profile: Receivables Percent Distribution
Product/Service Same Month 1M later 2M later 3M later => Total for each row must equal 100%
Desktops 60.0% 30.0% 10.0% Ok
Workstations 50.0% 50.0% - - Ok
Notebooks 80.0% 20.0% - - Ok
Software Products 70.0% 20.0% 10.0% - Ok
Net work infrastructure solutions 100.0% - Ok
Repair Services 100.0% - - Ok
Integration Services 100.0% - - Ok
Consulting Services 100.0% - - Ok
Spare Parts 100.0% - - Ok
License Fees 100.0% - - Ok
Check Ok
Payment Profile: Payables (material/packaging & goods) Percent Distribution

Product/Service Same Month 1M later 2M later 3M later => Total for each row must equal 100%
Desktops 25.0% 75.0% Ok
Workstations 50.0% 50.0% - Ok
Notebooks 60.0% 40.0% - Ok
Software Products - 70.0% 20.0% 10.0% Ok
Net work infrastructure solutions 100.0% - - Ok
Repair Services 80.0% 20.0% - - Ok
Integration Services 25.0% 75.0% - - Ok
Consulting Services 25.0% 75.0% - - Ok
Spare Parts 90.0% 10.0% - - Ok
License Fees 100.0% - - Ok
Check Ok
Taxes
1. Taxes on Income
Tax rate % 30.0%
Tax loss carryforward at model start USD -
Tax advances (prepayments) Financial Year => FY 2019 FY 2020

Advance tax payments USD p.a. 80,000 100,000
Tax payable (automat. calculation) USD p.a. 88,837 108,542
Prepayment dates (quarterly) Month of FY 3 6 9 12

Tax payment for previous year Month of FY 4 of the following FY

2. VAT / Sales Tax
Set descriptive term for sales or input/output tax Selection VAT select "Sales Tax", "GST" for Goods & Services Tax or "VAT" for Value Added Tax
VAT - Rates set all rates (1-3) below to zero if VAT (or other similar taxes) are not applicable
Zero Rate % -
Rate 1 % 20.0%
Rate 2 % 10.0%
Rate 3 % 8.0%
VAT - Payment Dates
Intervall when VAT is paid to or refunded by state/tax authority Selection Quarterly 3
Percentage subject to VAT and rates applied
Output tax on Product/Service Sales => individual assumptions in row 28 ff. Information Percentage Select Rate
Input tax on cost of materials/packaging & goods % 80% rate applied Rate 1 20.0%
Input tax on all other non-payroll expenses (other operat. exp., overheads etc.) % 70% rate applied Rate 1 20.0%
Input tax on capital expenditure => individual assumptions on sheet Capex Information
Miscellaneous
Interest Receipts
Interest rate cash on bank % p.a. 1.50% % per month 0.13%
Target Stock / Change in Inventory

Include stock/inventory planning ? => Yes/No Selection Yes
P&L and Balance Sheet Items (no inputs here => see comments in column H)
Income Statement Items 2019 2020
Other operating income USD 4,500 7,250 => detailed input on this sheet (row 302)
Extraordinary expenses USD - 1,750 => detailed input on this sheet (row 303)
Extraordinary income USD 6,500 - => detailed input on this sheet (row 304)
Balance Sheet Items

Accruals 2019 2020
Increase USD 1,000 - => detailed input on this sheet (row 309)
Decrease (utilisation) USD (2,500) - => detailed input on this sheet (row 310)
Changes in Advances Received & BS Account
Decrease USD - (5,000) => detailed input on this sheet (row 316)
Changes in Advance Payments & BS Account
Decrease USD - (5,000) => detailed input on this sheet (row 322)
Phasing out of opening balance sheet items
Payroll withholdings owed USD (4,500) - => detailed input on this sheet (row 327)

Opening Balance (optional)
at model start => 28 Feb 19
Non-current Assets (NBV) 257,000 Notes:
Intangible Assets USD 2,000 => Amortisation can be defined on sheet Capex (row 19)
Tangible Assets 255,000 => Variable descriptions for tangible asset class can be changed on sheet Capex
- Land and Buildings USD 100,000 => Depreciation can be defined on sheet Capex (row 52)
- Plant & Machinery USD 130,000 => Depreciation can be defined on sheet Capex (row 78)
- Vehicles USD 25,000 => Depreciation can be defined on sheet Capex (row 104)
Financial Assets (Investments) USD - => Depreciation can be defined on sheet Capex (row 136)
Current Assets 29,500

Inventory USD 12,000 => detailed input by product/service on the right => Inventory: Opening values by product/service
Accounts receivables USD 12,500 => equally phased out over a period of x months => 4 month(s) Desktops 6,000
Cash at bank USD 5,000 Workstations 750
Notebooks 4,500
Current Liabilities 28,000 Software Products 750
Overdraft facility USD 3,500 Net work infrastructure solutions
Accounts payables USD 10,000 => equally phased out over a period of x months => 2 month(s) Repair Services
Accruals USD 10,000 => detailed input on this sheet (row 307 ff.) Integration Services
Payroll withholdings owed USD 4,500 => detailed input on this sheet (row 327) Consulting Services
Spare Parts
Long-term Liabilities License Fees
Debt Facilities (at model start) USD 222,000 => detailed input of principal repayments and interest on sheet Financing (rows 144 ff.) Total: 12,000
Net Assets USD 36,500
Shareholders Equity
Share Capital USD 70,000
Retained Earnings / (loss carried forward) USD (33,500) => negative inputs for any loss carried forward !
Shareholders Equity USD 36,500

Balance Check Ok - Delta

Integrity and Error Checks
Error Check Link to Error Check Result Tolerance Pass / Fail
Balance Sheet (monthly on IFS) To Control Cell - 0.001 Ok

Balance Sheet (Summary 04) To Control Cell - 0.001 Ok
Balance Sheet (Summary 01) To Control Cell - 0.001 Ok
Balance Sheet (Opening Balance) To Control Cell - 0.001 Ok
Sources = Uses To Control Cell - 0.001 Ok
Sufficient Funding (incl. Overdraft Facility) To Control Cell - 0.001 Ok
Cash always ≥ 0 To Control Cell - 0.001 Ok
Aggregation Income Statement (Summary 02 To Control Cell - 0.001 Ok
Aggregation Cashflow (Summary 03) To Control Cell - 0.001 Ok
Aggregation Balance Sheet (Summary 04) To Control Cell - 0.001 Ok
Aggregation Income Statement (Summary 01 To Control Cell - 0.001 Ok
Aggregation Cashflow (Summary 01) To Control Cell - 0.001 Ok
Check: VAT To Control Cell - 0.001 Ok
Payment Profile Debtors/Receivables To Control Cell - 0.001 Ok
Payment Profile Creditors/Payables To Control Cell - 0.001 Ok
Debt Facilities (at model start) - Principal payments ≤ Debt facility? To Control Cell - 0.001 Ok
Debt 1: UL Bank - Repayment ≤ Debt ? To Control Cell - 0.001 Ok
Debt 2: HSBC Bank - Repayment ≤ Debt ? To Control Cell - 0.001 Ok
Debt 3: UBS - Repayment ≤ Debt ? To Control Cell - 0.001 Ok
Debt 4: Shareholder Loan - Repayment ≤ Debt ? To Control Cell - 0.001 Ok
Overdraft limit >= Opening balance value? To Control Cell - 0.001 Ok
Check accruals: Decrease <= Existing Accruals? To Control Cell - 0.001 Ok
Check advances received: Decrease <= Existing advances received? To Control Cell - 0.001 Ok
Check advance payments: Decrease <= Existing advance payments? To Control Cell - 0.001 Ok
Check phasing out PAYE/Payroll withholdings owed OK? To Control Cell - 0.001 Ok
Master Check: Inputs for sale of assets OK ? To Control Cell - 0.001 Ok
Manual allocation: percentage distribution OK? To Control Cell - 0.001 Ok
Allocation of other direct costs OK? To Control Cell - 0.001 Ok
Total costs of sales: allocated sum and P&L identical? To Control Cell - 0.001 Ok
N.N. 0.001 Ok
N.N. 0.001 Ok
N.N. 0.001 Ok
N.N. 0.001 Ok
Integrity (Master ) Ok

Sales
Model: 5 Year Forecast Go to table of contents
Period Start 01 Mar 19 01 Apr 19 01 May 19 01 Jun 19 01 Jul 19 01 Aug 19 01 Sep 19 01 Oct 19 01 Nov 19 01 Dec 19 01 Jan 20 01 Feb 20
Period End Start End 28 Feb 19 31 Mar 19 30 Apr 19 31 May 19 30 Jun 19 31 Jul 19 31 Aug 19 30 Sep 19 31 Oct 19 30 Nov 19 31 Dec 19 31 Jan 20 29 Feb 20
Model Life 01 Mar 19 30 Nov 20 21 1 1 1 1 1 1 1 1 1 1 1 1
Sales Assumptions
1. Method: Manual, Direct Input All assumption values should be entered net of input/output taxes (sales taxes, GST, VAT etc.)
Desktops USD -
Workstations USD -
Notebooks USD -
Software Products USD -
Net work infrastructure solutions USD 104,413 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 5,000 5,000 5,050 5,101
Repair Services USD 281,112 13,992 13,992 13,992 13,992 13,992 13,992 13,992 13,992 13,992 13,992 13,992 12,720
Integration Services USD 404,000 18,000 18,000 18,000 18,000 18,000 18,000 18,000 18,000 20,000 20,000 20,000 20,000
Consulting Services USD 440,499 18,955 19,145 19,336 19,529 19,725 19,922 20,121 20,322 20,526 20,731 20,938 21,147
Spare Parts USD 199,650 9,625 10,175 10,175 10,175 10,175 10,175 10,175 9,075 9,075 9,075 9,075 9,075
License Fees USD 500,200 - - 100,020 - - 100,030 - -
Sales Subtotal 1 USD 1,929,873 65,072 65,812 66,003 66,196 66,392 66,589 166,808 65,889 68,593 168,828 69,055 68,043
2. Method: Price x Quantity All assumption values should be entered net of input/output taxes (sales taxes, GST, VAT etc.)
Desktops
Sales quantity Units 726 35 37 37 37 37 37 37 33 33 33 33 33
Net selling price (per sales unit) USD 1,100.0 1,100.0 1,100.0 1,100.0 1,100.0 1,100.0 1,100.0 1,100.0 1,100.0 1,100.0 1,100.0 1,100.0
Sales Desktops USD 798,600 38,500 40,700 40,700 40,700 40,700 40,700 40,700 36,300 36,300 36,300 36,300 36,300
Workstations
Sales Workstations USD 529,000 18,400 23,000 23,000 23,000 23,000 23,000 23,000 23,000 23,000 27,600 27,600 27,600
Notebooks
Net selling price (per sales unit) USD 670.0 670.0 670.0 670.0 670.0 670.0 670.0 670.0 670.0 670.0 670.0 670.0
Sales Notebooks USD 303,460 13,400 13,400 13,400 13,400 13,400 13,400 13,400 14,740 14,740 14,740 14,740 14,740
Software Products
Sales quantity Units 1,174 55 57 57 57 57 57 57 55 55 55 55 55
Sales Software Products USD 176,100 8,250 8,550 8,550 8,550 8,550 8,550 8,550 8,250 8,250 8,250 8,250 8,250
Net work infrastructure solutions
Sales quantity Units -
Net selling price (per sales unit) USD
Sales Net work infrastructure solutions USD - - - - - - - - - - - - -
Repair Services
Sales Repair Services USD - - - - - - - - - - - - -
Integration Services
Sales Integration Services USD - - - - - - - - - - - - -
Consulting Services
Sales Consulting Services USD - - - - - - - - - - - - -
Spare Parts
Sales Spare Parts USD - - - - - - - - - - - - -
License Fees
Sales 35 von 100

Sales License Fees USD - - - - - - - - - - - - -
Sales Subtotal 2 USD 1,807,160 78,550 85,650 85,650 85,650 85,650 85,650 85,650 82,290 82,290 86,890 86,890 86,890
Total Sales and VAT

Total Sales VAT Rate
Desktops USD 20.0% 798,600 38,500 40,700 40,700 40,700 40,700 40,700 40,700 36,300 36,300 36,300 36,300 36,300
Workstations USD 10.0% 529,000 18,400 23,000 23,000 23,000 23,000 23,000 23,000 23,000 23,000 27,600 27,600 27,600
Notebooks USD 10.0% 303,460 13,400 13,400 13,400 13,400 13,400 13,400 13,400 14,740 14,740 14,740 14,740 14,740
Software Products USD 20.0% 176,100 8,250 8,550 8,550 8,550 8,550 8,550 8,550 8,250 8,250 8,250 8,250 8,250
Net work infrastructure solutions USD 8.0% 104,413 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 5,000 5,000 5,050 5,101
Repair Services USD 20.0% 281,112 13,992 13,992 13,992 13,992 13,992 13,992 13,992 13,992 13,992 13,992 13,992 12,720
Integration Services USD 20.0% 404,000 18,000 18,000 18,000 18,000 18,000 18,000 18,000 18,000 20,000 20,000 20,000 20,000
Consulting Services USD 20.0% 440,499 18,955 19,145 19,336 19,529 19,725 19,922 20,121 20,322 20,526 20,731 20,938 21,147
Spare Parts USD 20.0% 199,650 9,625 10,175 10,175 10,175 10,175 10,175 10,175 9,075 9,075 9,075 9,075 9,075
License Fees USD - 500,200 - - - - - - 100,020 - - 100,030 - -
Total Sales USD 3,737,033 143,622 151,462 151,653 151,846 152,042 152,239 252,458 148,179 150,883 255,718 155,945 154,933
Sales 36 von 100

Sales
Model: 5 Year Forecast
Model Integrity: Ok
Period End Start 31 Mar 20 30 Apr 20 31 May 20 30 Jun 20 31 Jul 20 31 Aug 20 30 Sep 20 31 Oct 20 30 Nov 20 31 Dec 20 31 Jan 21 28 Feb 21
Model Life 01 Mar 19 1 1 1 1 1 1 1 1 1 - - -
Sales Assumptions
1. Method: Manual, Direct Input
Desktops USD
Workstations USD
Notebooks USD
Software Products USD
Net work infrastructure solutions USD 5,152 5,203 5,255 5,308 5,361 5,414 5,468 5,523 5,578 5,634 5,690 5,747
Repair Services USD 12,720 12,720 12,720 12,720 12,720 12,720 12,720 12,720 12,720 24,804 24,804 24,804
Integration Services USD 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000
Consulting Services USD 21,359 21,573 21,788 22,006 22,226 22,448 22,673 22,900 23,129 23,360 23,594 23,830
Spare Parts USD 9,075 9,075 9,075 9,075 9,075 9,075 9,075 9,075 11,000 11,000 10,000 10,000
License Fees USD 100,040 - - 100,050 - - 100,060 - - 100,070 - -
Sales Subtotal 1 USD 168,345 68,571 68,838 169,159 69,382 69,658 169,996 70,218 72,427 184,868 84,088 84,381
2. Method: Price x Quantity

Desktops
Sales quantity Units 33 33 33 33 33 33 33 33 40 40 40 40
Sales Desktops USD 36,300 36,300 36,300 36,300 36,300 36,300 36,300 36,300 44,000 44,000 40,000 40,000
Workstations
Sales Workstations USD 27,600 27,600 27,600 27,600 27,600 27,600 27,600 25,300 25,300 25,300 25,300 25,300
Notebooks
Sales Notebooks USD 14,740 14,740 14,740 14,740 15,400 15,400 15,400 15,400 15,400 15,400 15,400 15,400
Software Products
Sales Software Products USD 8,250 8,250 8,250 8,250 8,250 8,250 8,250 8,250 9,300 9,300 9,300 9,300
Sales quantity Units
Sales Net work infrastructure solutions USD - - - - - - - - - - - -
Repair Services
Sales Repair Services USD - - - - - - - - - - - -
Sales Integration Services USD - - - - - - - - - - - -
Consulting Services
Sales Consulting Services USD - - - - - - - - - - - -
Spare Parts
Sales Spare Parts USD - - - - - - - - - - - -
License Fees
Sales 37 von 100

Sales License Fees USD - - - - - - - - - - - -
Sales Subtotal 2 USD 86,890 86,890 86,890 86,890 87,550 87,550 87,550 85,250 94,000 94,000 90,000 90,000
Total Sales and VAT

Total Sales
Desktops USD 36,300 36,300 36,300 36,300 36,300 36,300 36,300 36,300 44,000 - - -
Workstations USD 27,600 27,600 27,600 27,600 27,600 27,600 27,600 25,300 25,300 - - -
Notebooks USD 14,740 14,740 14,740 14,740 15,400 15,400 15,400 15,400 15,400 - - -
Software Products USD 8,250 8,250 8,250 8,250 8,250 8,250 8,250 8,250 9,300 - - -
Net work infrastructure solutions USD 5,152 5,203 5,255 5,308 5,361 5,414 5,468 5,523 5,578 - - -
Repair Services USD 12,720 12,720 12,720 12,720 12,720 12,720 12,720 12,720 12,720 - - -
Integration Services USD 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 - - -
Consulting Services USD 21,359 21,573 21,788 22,006 22,226 22,448 22,673 22,900 23,129 - - -
Spare Parts USD 9,075 9,075 9,075 9,075 9,075 9,075 9,075 9,075 11,000 - - -
License Fees USD 100,040 - - 100,050 - - 100,060 - - - - -
Total Sales USD 255,235 155,461 155,728 256,049 156,932 157,208 257,546 155,468 166,427 - - -
Sales 38 von 100

Human Resources
Period Start 01 Mar 19 01 Apr 19 01 May 19 01 Jun 19 01 Jul 19 01 Aug 19 01 Sep 19 01 Oct 19 01 Nov 19 01 Dec 19 01 Jan 20 01 Feb 20 01 Mar 20 01 Apr 20 01 May 20
Period End Start End 28 Feb 19 31 Mar 19 30 Apr 19 31 May 19 30 Jun 19 31 Jul 19 31 Aug 19 30 Sep 19 31 Oct 19 30 Nov 19 31 Dec 19 31 Jan 20 29 Feb 20 31 Mar 20 30 Apr 20 31 May 20
Model Life 01 Mar 19 30 Nov 20 21 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
Flags & Counters
Calendar Year year 2019 2019 2019 2019 2019 2019 2019 2019 2019 2019 2020 2020 2020 2020 2020
Headcount
The variable descriptions can be changed on sheet Inputs
1. Direct Labor Staff
to be planned on sheet Costs 02
Subtotal all products & services via link 2 2 2 2 2 2 3 4 4 4 4 4 4 4 4
2. Management & Administration Staff SSC

Fill in name or positon here # Yes 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
Fill in name or positon here # Yes 1 1 1 1 1
Fill in name or positon here # No
Fill in name or positon here # Yes
Subtotal 1 1 1 1 1 1 1 1 1 1 2 2 2 2 2
Fill in name or positon here # Yes 1 1 1 1 1 1 1 1
Subtotal 1 1 1 1 1 1 1 3 3 3 3 3 3 3 3

Subtotal 1 1 1 1 1 2 2 2 2 2 2 2 2 3 3

Fill in name or positon here # Yes 1 1 1 1 1 1 1 1 1 1
Subtotal - - - - - 1 1 1 1 1 1 1 1 1 1
Total Headcount # 5 5 5 5 5 7 8 11 11 11 12 12 12 13 13
Development of headcount month to month 5 2 1 3 1 1
No further inputs on this sheet below this section ! No further inputs on this sheet below this section !
Wages & Salaries

1. Direct Labor Staff see sheet Costs 02

Fill in name or positon here USD 88,646 4,167 4,167 4,167 4,167 4,167 4,167 4,167 4,167 4,167 4,167 4,271 4,271 4,271 4,271 4,271
Fill in name or positon here USD 37,583 - - - - - - - - - - 3,417 3,417 3,417 3,417 3,417
Fill in name or positon here USD - - - - - - - - - - - - - - - -
Subtotal USD 126,229 4,167 4,167 4,167 4,167 4,167 4,167 4,167 4,167 4,167 4,167 7,688 7,688 7,688 7,688 7,688
Fill in name or positon here USD 47,583 - - - - - - - 3,333 3,333 3,333 3,417 3,417 3,417 3,417 3,417
Subtotal USD 160,240 2,917 2,917 2,917 2,917 2,917 2,917 2,917 9,167 9,167 9,167 9,396 9,396 9,396 9,396 9,396
Human Resources 39 von 100

Subtotal USD 152,500 3,333 3,333 3,333 3,333 3,333 6,667 6,667 6,667 6,667 6,667 6,833 6,833 6,833 10,250 10,250

Fill in name or positon here USD 60,825 - - - - - 3,750 3,750 3,750 3,750 3,750 3,825 3,825 3,825 3,825 3,825
Subtotal USD 60,825 - - - - - 3,750 3,750 3,750 3,750 3,750 3,825 3,825 3,825 3,825 3,825
Total Wages & Salaries USD 499,794 10,417 10,417 10,417 10,417 10,417 17,500 17,500 23,750 23,750 23,750 27,742 27,742 27,742 31,158 31,158
Social security contributions and taxes

2. Management & Administration Staff SSC

Fill in name or positon here USD Yes 22,161 1,042 1,042 1,042 1,042 1,042 1,042 1,042 1,042 1,042 1,042 1,068 1,068 1,068 1,068 1,068
Fill in name or positon here USD Yes 9,396 - - - - - - - - - - 854 854 854 854 854
Fill in name or positon here USD No - - - - - - - - - - - - - - - -
Fill in name or positon here USD Yes - - - - - - - - - - - - - - - -
Subtotal USD 31,557 1,042 1,042 1,042 1,042 1,042 1,042 1,042 1,042 1,042 1,042 1,922 1,922 1,922 1,922 1,922
Fill in name or positon here USD Yes 28,164 729 729 729 729 729 729 729 1,458 1,458 1,458 1,495 1,495 1,495 1,495 1,495
Fill in name or positon here USD Yes 11,896 - - - - - - - 833 833 833 854 854 854 854 854
Subtotal USD 40,060 729 729 729 729 729 729 729 2,292 2,292 2,292 2,349 2,349 2,349 2,349 2,349

Fill in name or positon here USD Yes 38,125 833 833 833 833 833 1,667 1,667 1,667 1,667 1,667 1,708 1,708 1,708 2,563 2,563
Subtotal USD 38,125 833 833 833 833 833 1,667 1,667 1,667 1,667 1,667 1,708 1,708 1,708 2,563 2,563

Fill in name or positon here USD Yes 15,206 - - - - - 938 938 938 938 938 956 956 956 956 956
Subtotal USD 15,206 - - - - - 938 938 938 938 938 956 956 956 956 956
Total Social security contributions & taxes USD 124,948 2,604 2,604 2,604 2,604 2,604 4,375 4,375 5,938 5,938 5,938 6,935 6,935 6,935 7,790 7,790
Other Staff Costs


Recruiting Costs (one-time upon hiring) USD 5,000 per FTE 10,000 5,000 - - - - - - - - - 5,000 - - - -
Travel & Entertainment Costs USD 500 per FTE/month 16,000 500 500 500 500 500 500 500 500 500 500 1,000 1,000 1,000 1,000 1,000
Communications Services USD 100 per FTE/month 3,200 100 100 100 100 100 100 100 100 100 100 200 200 200 200 200
Training Costs USD 5.0% % of base salary 6,311 208 208 208 208 208 208 208 208 208 208 384 384 384 384 384
Bonus at Plan Performance USD 4.0% % of base salary 5,049 167 167 167 167 167 167 167 167 167 167 308 308 308 308 308
Spare USD - % of base salary - - - - - - - - - - - - - - - -
Subtotal USD 40,561 5,975 975 975 975 975 975 975 975 975 975 6,892 1,892 1,892 1,892 1,892
Recruiting Costs (one-time upon hiring) USD - per FTE - - - - - - - - - - - - - - - -

Travel & Entertainment Costs USD 150 per FTE/month 7,800 150 150 150 150 150 150 150 450 450 450 450 450 450 450 450
Bonus at Plan Performance USD - % of base salary - - - - - - - - - - - - - - - -
Subtotal USD 15,207 288 288 288 288 288 288 288 875 875 875 882 882 882 882 882

Recruiting Costs (one-time upon hiring) USD 1,500 per FTE 4,500 1,500 - - - - 1,500 - - - - - - - 1,500 -
Travel & Entertainment Costs USD 550 per FTE/month 24,750 550 550 550 550 550 1,100 1,100 1,100 1,100 1,100 1,100 1,100 1,100 1,650 1,650
Bonus at Plan Performance USD 5.0% % of base salary 7,625 167 167 167 167 167 333 333 333 333 333 342 342 342 513 513
Subtotal USD 44,425 2,383 883 883 883 883 3,267 1,767 1,767 1,767 1,767 1,778 1,778 1,778 4,168 2,668

Recruiting Costs (one-time upon hiring) USD 1,000 per FTE 1,000 - - - - - 1,000 - - - - - - - - -
Travel & Entertainment Costs USD 100 per FTE/month 1,600 - - - - - 100 100 100 100 100 100 100 100 100 100
Communications Services USD 50 per FTE/month 800 - - - - - 50 50 50 50 50 50 50 50 50 50
Training Costs USD 5.0% % of base salary 3,041 - - - - - 188 188 188 188 188 191 191 191 191 191
Bonus at Plan Performance USD 2.0% % of base salary 1,217 - - - - - 75 75 75 75 75 77 77 77 77 77
Subtotal USD 7,658 - - - - - 1,413 413 413 413 413 418 418 418 418 418
Total Other Staff Costs USD 107,851 8,646 2,146 2,146 2,146 2,146 5,942 3,442 4,029 4,029 4,029 9,970 4,970 4,970 7,359 5,859
Total HR (w/o Direct Labor Costs) USD 732,593 21,667 15,167 15,167 15,167 15,167 27,817 25,317 33,717 33,717 33,717 44,647 39,647 39,647 46,307 44,807
Summary (with direct labor costs)

Direct Labor Staff USD 150,593 4,250 4,250 4,250 4,250 4,250 4,250 6,333 8,417 8,417 8,417 8,501 8,501 8,501 8,501 8,501
Management & Administration Staff USD 198,347 11,183 6,183 6,183 6,183 6,183 6,183 6,183 6,183 6,183 6,183 16,501 11,501 11,501 11,501 11,501
Operational Staff USD 215,507 3,933 3,933 3,933 3,933 3,933 3,933 3,933 12,333 12,333 12,333 12,627 12,627 12,627 12,627 12,627
Sales, Marketing & Distribution Staff USD 235,050 6,550 5,050 5,050 5,050 5,050 11,600 10,100 10,100 10,100 10,100 10,320 10,320 10,320 16,980 15,480
Research & Development USD 83,689 - - - - - 6,100 5,100 5,100 5,100 5,100 5,199 5,199 5,199 5,199 5,199
Total (with direct labor costs) USD 883,185 25,917 19,417 19,417 19,417 19,417 32,067 31,650 42,133 42,133 42,133 53,148 48,148 48,148 54,808 53,308

01 Jun 20 01 Jul 20 01 Aug 20 01 Sep 20 01 Oct 20 01 Nov 20 01 Dec 20 01 Jan 21 01 Feb 21
30 Jun 20 31 Jul 20 31 Aug 20 30 Sep 20 31 Oct 20 30 Nov 20 31 Dec 20 31 Jan 21 28 Feb 21
1 1 1 1 1 1 - - -
2020 2020 2020 2020 2020 2020 2020 2021 2021
4 4 4 4 4 4 - - -
1 1 1 1 1 1 1 1 1
1 1 1 1 1 1 1 1 1
2 2 2 2 2 2 - - -
2 2 2 3 3 3 3 3 3
1 1 1 1 1 1 1 1 1
3 3 3 4 4 4 - - -
3 3 3 3 3 3 4 4 4
3 3 3 3 3 3 - - -
1 1 1 1 1 1 1 1 1
1 1 1 1 1 1 - - -
13 13 13 14 14 14 - - -
1
4,271 4,271 4,271 4,271 4,271 4,271 - - -

3,417 3,417 3,417 3,417 3,417 3,417 - - -
- - - - - - - - -
- - - - - - - - -
7,688 7,688 7,688 7,688 7,688 7,688 - - -
5,979 5,979 5,979 8,969 8,969 8,969 - - -

3,417 3,417 3,417 3,417 3,417 3,417 - - -
- - - - - - - - -
- - - - - - - - -
9,396 9,396 9,396 12,385 12,385 12,385 - - -

10,250 10,250 10,250 10,250 10,250 10,250 - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
10,250 10,250 10,250 10,250 10,250 10,250 - - -
3,825 3,825 3,825 3,825 3,825 3,825 - - -

- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
3,825 3,825 3,825 3,825 3,825 3,825 - - -
31,158 31,158 31,158 34,148 34,148 34,148 - - -
1,068 1,068 1,068 1,068 1,068 1,068 - - -

854 854 854 854 854 854 - - -
- - - - - - - - -
- - - - - - - - -
1,922 1,922 1,922 1,922 1,922 1,922 - - -
1,495 1,495 1,495 2,242 2,242 2,242 - - -

854 854 854 854 854 854 - - -
- - - - - - - - -
- - - - - - - - -
2,349 2,349 2,349 3,096 3,096 3,096 - - -
2,563 2,563 2,563 2,563 2,563 2,563 - - -

- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
2,563 2,563 2,563 2,563 2,563 2,563 - - -
956 956 956 956 956 956 - - -

- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
956 956 956 956 956 956 - - -
7,790 7,790 7,790 8,537 8,537 8,537 - - -
- - - - - - - - -
1,000 1,000 1,000 1,000 1,000 1,000 - - -
200 200 200 200 200 200 - - -
384 384 384 384 384 384 - - -
308 308 308 308 308 308 - - -
- - - - - - - - -
1,892 1,892 1,892 1,892 1,892 1,892 - - -
- - - - - - - - -

450 450 450 600 600 600 - - -
150 150 150 200 200 200 - - -
282 282 282 372 372 372 - - -
- - - - - - - - -
- - - - - - - - -
882 882 882 1,172 1,172 1,172 - - -
- - - - - - - - -
1,650 1,650 1,650 1,650 1,650 1,650 - - -
300 300 300 300 300 300 - - -
205 205 205 205 205 205 - - -
513 513 513 513 513 513 - - -
- - - - - - - - -
2,668 2,668 2,668 2,668 2,668 2,668 - - -
- - - - - - - - -
100 100 100 100 100 100 - - -
50 50 50 50 50 50 - - -
191 191 191 191 191 191 - - -
77 77 77 77 77 77 - - -
- - - - - - - - -
418 418 418 418 418 418 - - -
5,859 5,859 5,859 6,149 6,149 6,149 - - -
44,807 44,807 44,807 48,834 48,834 48,834 - - -
8,501 8,501 8,501 8,501 8,501 8,501 - - -

11,501 11,501 11,501 11,501 11,501 11,501 - - -
12,627 12,627 12,627 16,653 16,653 16,653 - - -
15,480 15,480 15,480 15,480 15,480 15,480 - - -
5,199 5,199 5,199 5,199 5,199 5,199 - - -
53,308 53,308 53,308 57,334 57,334 57,334 - - -

Cost of Materials/Packaging or Goods required and Inventory
Month of model # 1 2 3 4 5 6 7 8 9 10 11 12
Cost of Materials/Packaging or Goods required

1. Method: Manual, Direct Input All assumption values should be entered net of input/output taxes (sales taxes, GST, VAT etc.)
Desktops USD -
Workstations USD -
Notebooks USD -
Software Products USD -
Net work infrastructure solutions USD -
Repair Services USD -
Integration Services USD -
Consulting Services USD -
Spare Parts USD -
License Fees USD -
Cost of Materials/Goods Subtotal 1 USD - - - - - - - - - - - - -
2. Method: Costs x Quantity

Desktops Quantities derive from method 2 on sheet sales All assumption values should be entered net of input/output taxes (sales taxes, GST, VAT etc.)
Sales quantity: Desktops Units 726 35 37 37 37 37 37 37 33 33 33 33 33
Cost of Materials/Goods: Desktops (per unit) USD/per unit 600.0 600.0 600.0 600.0 600.0 600.0 600.0 600.0 600.0 600.0 600.0 600.0
Cost of Materials/Goods: Desktops USD 435,600 21,000 22,200 22,200 22,200 22,200 22,200 22,200 19,800 19,800 19,800 19,800 19,800
Workstations
Sales quantity: Workstations Units 230 8 10 10 10 10 10 10 10 10 12 12 12
Cost of Materials/Goods: Workstations (per unit) USD/per unit 1,600.0 1,600.0 1,600.0 1,600.0 1,600.0 1,600.0 1,600.0 1,600.0 1,600.0 1,600.0 1,600.0 1,600.0
Cost of Materials/Goods: Workstations USD 368,000 12,800 16,000 16,000 16,000 16,000 16,000 16,000 16,000 16,000 19,200 19,200 19,200
Notebooks
Sales quantity: Notebooks Units 448 20 20 20 20 20 20 20 22 22 22 22 22
Cost of Materials/Goods: Notebooks (per unit) USD/per unit 400.0 400.0 400.0 400.0 400.0 400.0 400.0 400.0 400.0 400.0 400.0 400.0
Cost of Materials/Goods: Notebooks USD 179,200 8,000 8,000 8,000 8,000 8,000 8,000 8,000 8,800 8,800 8,800 8,800 8,800
Software Products
Sales quantity: Software Products Units 1,174 55 57 57 57 57 57 57 55 55 55 55 55
Cost of Materials/Goods: Software Products (per unit) USD/per unit 110.0 110.0 110.0 110.0 110.0 110.0 110.0 110.0 110.0 110.0 110.0 110.0
Cost of Materials/Goods: Software Products USD 129,140 6,050 6,270 6,270 6,270 6,270 6,270 6,270 6,050 6,050 6,050 6,050 6,050

Sales quantity: Net work infrastructure solutions Units - - - - - - - - - - - - -
Cost of Materials/Goods: Net work infrastructure solutions (per unit) USD/per unit
Cost of Materials/Goods: Net work infrastructure solutions USD - - - - - - - - - - - - -
Repair Services
Sales quantity: Repair Services Units - - - - - - - - - - - - -
Cost of Materials/Goods: Repair Services (per unit) USD/per unit
Cost of Materials/Goods: Repair Services USD - - - - - - - - - - - - -
Sales quantity: Integration Services Units - - - - - - - - - - - - -
Cost of Materials/Goods: Integration Services (per unit) USD/per unit
Cost of Materials/Goods: Integration Services USD - - - - - - - - - - - - -
Consulting Services
Sales quantity: Consulting Services Units - - - - - - - - - - - - -
Cost of Materials/Goods: Consulting Services (per unit) USD/per unit
Cost of Materials/Goods: Consulting Services USD - - - - - - - - - - - - -
Spare Parts
Costs 01 45 von 100

Sales quantity: Spare Parts Units - - - - - - - - - - - - -
Cost of Materials/Goods: Spare Parts (per unit) USD/per unit
Cost of Materials/Goods: Spare Parts USD - - - - - - - - - - - - -
License Fees
Sales quantity: License Fees Units - - - - - - - - - - - - -
Cost of Materials/Goods: License Fees (per unit) USD/per unit
Cost of Materials/Goods: License Fees USD - - - - - - - - - - - - -
Cost of Materials/Goods Subtotal 2 USD 1,111,940 47,850 52,470 52,470 52,470 52,470 52,470 52,470 50,650 50,650 53,850 53,850 53,850
3. Method: Percentage of Total Sales

Desktops 2019 2020 2021 2022 2023
Cost of materials/goods as percentage of total sales => %
Cost of Materials/Goods: Desktops USD - - - - - - - - - - - - -
Workstations 2019 2020 2021 2022 2023

Cost of Materials/Goods: Workstations USD - - - - - - - - - - - - -
Notebooks 2019 2020 2021 2022 2023

Cost of Materials/Goods: Notebooks USD - - - - - - - - - - - - -
Software Products 2019 2020 2021 2022 2023

Cost of Materials/Goods: Software Products USD - - - - - - - - - - - - -
Net work infrastructure solutions 2019 2020 2021 2022 2023

Cost of materials/goods as percentage of total sales => % 25.0% 27.0% 29.0% 25.0% 25.0%
Cost of Materials/Goods: Net work infrastructure solutions USD 27,271 1,125 1,125 1,125 1,125 1,125 1,125 1,125 1,125 1,250 1,250 1,364 1,377
Repair Services 2019 2020 2021 2022 2023

Cost of Materials/Goods: Repair Services USD 161,608 8,395 8,395 8,395 8,395 8,395 8,395 8,395 8,395 8,395 8,395 7,696 6,996
Integration Services 2019 2020 2021 2022 2023

Cost of Materials/Goods: Integration Services USD 20,200 900 900 900 900 900 900 900 900 1,000 1,000 1,000 1,000
Consulting Services 2019 2020 2021 2022 2023

Cost of Materials/Goods: Consulting Services USD 33,037 1,422 1,436 1,450 1,465 1,479 1,494 1,509 1,524 1,539 1,555 1,570 1,586
Spare Parts 2019 2020 2021 2022 2023

Cost of Materials/Goods: Spare Parts USD 149,738 7,219 7,631 7,631 7,631 7,631 7,631 7,631 6,806 6,806 6,806 6,806 6,806
License Fees 2019 2020 2021 2022 2023

Cost of Materials/Goods: License Fees USD - - - - - - - - - - - - -
Cost of Materials/Goods Subtotal 3 USD 391,854 19,061 19,487 19,502 19,516 19,531 19,546 19,561 18,751 18,991 19,006 18,436 17,765
Summary: Total Cost of Materials/Goods

Desktops USD 435,600 21,000 22,200 22,200 22,200 22,200 22,200 22,200 19,800 19,800 19,800 19,800 19,800
Workstations USD 368,000 12,800 16,000 16,000 16,000 16,000 16,000 16,000 16,000 16,000 19,200 19,200 19,200
Notebooks USD 179,200 8,000 8,000 8,000 8,000 8,000 8,000 8,000 8,800 8,800 8,800 8,800 8,800
Software Products USD 129,140 6,050 6,270 6,270 6,270 6,270 6,270 6,270 6,050 6,050 6,050 6,050 6,050
Costs 01 46 von 100

Net work infrastructure solutions USD 27,271 1,125 1,125 1,125 1,125 1,125 1,125 1,125 1,125 1,250 1,250 1,364 1,377
Repair Services USD 161,608 8,395 8,395 8,395 8,395 8,395 8,395 8,395 8,395 8,395 8,395 7,696 6,996
Integration Services USD 20,200 900 900 900 900 900 900 900 900 1,000 1,000 1,000 1,000
Consulting Services USD 33,037 1,422 1,436 1,450 1,465 1,479 1,494 1,509 1,524 1,539 1,555 1,570 1,586
Spare Parts USD 149,738 7,219 7,631 7,631 7,631 7,631 7,631 7,631 6,806 6,806 6,806 6,806 6,806
License Fees USD - - - - - - - - - - - - -
Total Cost of Materials/Goods USD 1,503,794 66,911 71,957 71,972 71,986 72,001 72,016 72,031 69,401 69,641 72,856 72,286 71,615
Costs 01 47 von 100

Cost of Materials/Packaging or Goods required and Inventory
Model: 5 Year Forecast
Model Integrity: Ok
Period End Start 31 Mar 20 30 Apr 20 31 May 20 30 Jun 20 31 Jul 20 31 Aug 20 30 Sep 20 31 Oct 20 30 Nov 20 31 Dec 20 31 Jan 21 28 Feb 21
Model Life 01 Mar 19 1 1 1 1 1 1 1 1 1 - - -
Month of model # 13 14 15 16 17 18 19 20 21 22 23 24
Cost of Materials/Packaging or Goods required

1. Method: Manual, Direct Input
Desktops USD
Workstations USD
Notebooks USD
Software Products USD
Net work infrastructure solutions USD
Repair Services USD
Integration Services USD
Consulting Services USD
Spare Parts USD
License Fees USD
Cost of Materials/Goods Subtotal 1 USD - - - - - - - - - - - -
2. Method: Costs x Quantity

Desktops Quantities derive from method 2 on sheet sales
Sales quantity: Desktops Units 33 33 33 33 33 33 33 33 40 - - -

Cost of Materials/Goods: Desktops (per unit) USD/per unit 600.0 600.0 600.0 600.0 600.0 600.0 600.0 600.0 600.0 600.0 600.0 600.0
Cost of Materials/Goods: Desktops USD 19,800 19,800 19,800 19,800 19,800 19,800 19,800 19,800 24,000 - - -
Workstations
Sales quantity: Workstations Units 12 12 12 12 12 12 12 11 11 - - -
Cost of Materials/Goods: Workstations (per unit) USD/per unit 1,600.0 1,600.0 1,600.0 1,600.0 1,600.0 1,600.0 1,600.0 1,600.0 1,600.0 1,600.0 1,600.0 1,600.0
Cost of Materials/Goods: Workstations USD 19,200 19,200 19,200 19,200 19,200 19,200 19,200 17,600 17,600 - - -
Notebooks
Sales quantity: Notebooks Units 22 22 22 22 22 22 22 22 22 - - -
Cost of Materials/Goods: Notebooks (per unit) USD/per unit 400.0 400.0 400.0 400.0 400.0 400.0 400.0 400.0 400.0 400.0 400.0 400.0
Cost of Materials/Goods: Notebooks USD 8,800 8,800 8,800 8,800 8,800 8,800 8,800 8,800 8,800 - - -
Software Products
Sales quantity: Software Products Units 55 55 55 55 55 55 55 55 62 - - -
Cost of Materials/Goods: Software Products (per unit) USD/per unit 110.0 110.0 110.0 110.0 110.0 110.0 110.0 110.0 110.0 110.0 110.0 110.0
Cost of Materials/Goods: Software Products USD 6,050 6,050 6,050 6,050 6,050 6,050 6,050 6,050 6,820 - - -

Sales quantity: Net work infrastructure solutions Units - - - - - - - - - - - -
Cost of Materials/Goods: Net work infrastructure solutions (per unit) USD/per unit
Cost of Materials/Goods: Net work infrastructure solutions USD - - - - - - - - - - - -
Repair Services
Sales quantity: Repair Services Units - - - - - - - - - - - -
Cost of Materials/Goods: Repair Services (per unit) USD/per unit
Cost of Materials/Goods: Repair Services USD - - - - - - - - - - - -
Sales quantity: Integration Services Units - - - - - - - - - - - -
Cost of Materials/Goods: Integration Services (per unit) USD/per unit
Cost of Materials/Goods: Integration Services USD - - - - - - - - - - - -
Consulting Services
Sales quantity: Consulting Services Units - - - - - - - - - - - -
Cost of Materials/Goods: Consulting Services (per unit) USD/per unit
Cost of Materials/Goods: Consulting Services USD - - - - - - - - - - - -
Spare Parts
Costs 01 48 von 100

Sales quantity: Spare Parts Units - - - - - - - - - - - -
Cost of Materials/Goods: Spare Parts (per unit) USD/per unit
Cost of Materials/Goods: Spare Parts USD - - - - - - - - - - - -
License Fees
Sales quantity: License Fees Units - - - - - - - - - - - -
Cost of Materials/Goods: License Fees (per unit) USD/per unit
Cost of Materials/Goods: License Fees USD - - - - - - - - - - - -
Cost of Materials/Goods Subtotal 2 USD 53,850 53,850 53,850 53,850 53,850 53,850 53,850 52,250 57,220 - - -
3. Method: Percentage of Total Sales

Desktops
Cost of Materials/Goods: Desktops USD - - - - - - - - - - - -
Workstations
Cost of Materials/Goods: Workstations USD - - - - - - - - - - - -
Notebooks
Cost of Materials/Goods: Notebooks USD - - - - - - - - - - - -
Software Products
Cost of Materials/Goods: Software Products USD - - - - - - - - - - - -

Cost of Materials/Goods: Net work infrastructure solutions USD 1,391 1,405 1,419 1,433 1,447 1,462 1,476 1,491 1,506 - - -
Repair Services
Cost of Materials/Goods: Repair Services USD 6,996 6,996 6,996 6,996 6,996 6,996 6,996 6,996 6,996 - - -
Cost of Materials/Goods: Integration Services USD 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 - - -
Consulting Services
Cost of Materials/Goods: Consulting Services USD 1,602 1,618 1,634 1,650 1,667 1,684 1,700 1,717 1,735 - - -
Spare Parts
Cost of Materials/Goods: Spare Parts USD 6,806 6,806 6,806 6,806 6,806 6,806 6,806 6,806 8,250 - - -
License Fees
Cost of Materials/Goods: License Fees USD - - - - - - - - - - - -
Cost of Materials/Goods Subtotal 3 USD 17,795 17,825 17,855 17,886 17,917 17,948 17,979 18,011 19,487 - - -
Summary: Total Cost of Materials/Goods

Desktops USD 19,800 19,800 19,800 19,800 19,800 19,800 19,800 19,800 24,000 - - -
Workstations USD 19,200 19,200 19,200 19,200 19,200 19,200 19,200 17,600 17,600 - - -
Notebooks USD 8,800 8,800 8,800 8,800 8,800 8,800 8,800 8,800 8,800 - - -
Software Products USD 6,050 6,050 6,050 6,050 6,050 6,050 6,050 6,050 6,820 - - -
Costs 01 49 von 100

Net work infrastructure solutions USD 1,391 1,405 1,419 1,433 1,447 1,462 1,476 1,491 1,506 - - -
Repair Services USD 6,996 6,996 6,996 6,996 6,996 6,996 6,996 6,996 6,996 - - -
Integration Services USD 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 - - -
Consulting Services USD 1,602 1,618 1,634 1,650 1,667 1,684 1,700 1,717 1,735 - - -
Spare Parts USD 6,806 6,806 6,806 6,806 6,806 6,806 6,806 6,806 8,250 - - -
License Fees USD - - - - - - - - - - - -
Total Cost of Materials/Goods USD 71,645 71,675 71,705 71,736 71,767 71,798 71,829 70,261 76,707 - - -
Costs 01 50 von 100

Direct Labor & Other Direct Costs
Period Start 01 Mar 19 01 Apr 19 01 May 19 01 Jun 19 01 Jul 19 01 Aug 19 01 Sep 19 01 Oct 19 01 Nov 19 01 Dec 19 01 Jan 20 01 Feb 20 01 Mar 20 01 Apr 20
Period End Start End 28 Feb 19 31 Mar 19 30 Apr 19 31 May 19 30 Jun 19 31 Jul 19 31 Aug 19 30 Sep 19 31 Oct 19 30 Nov 19 31 Dec 19 31 Jan 20 29 Feb 20 31 Mar 20 30 Apr 20
Model Life 01 Mar 19 30 Nov 20 21 1 1 1 1 1 1 1 1 1 1 1 1 1 1
Flags & Counters
Calendar Year year 2019 2019 2019 2019 2019 2019 2019 2019 2019 2019 2020 2020 2020 2020
Direct Labor
Headcount - Direct Labor Staff
The variable descriptions can be changed on sheet Inputs
1 Desktops SSC
Fill in name or positon here # Yes 1 1 1 1 1 1 1 1 1 1 1 1 1 1
Subtotal 1 1 1 1 1 1 1 1 1 1 1 1 1 1
2 Workstations
Fill in name or positon here # Yes 1 1 1 1 1 1 1 1
Subtotal - - - - - - 1 1 1 1 1 1 1 1
3 Notebooks
Subtotal - - - - - - - - - - - - - -
4 Software Products
Subtotal - - - - - - - - - - - - - -
5 Net work infrastructure solutions

Subtotal - - - - - - - - - - - - - -
6 Repair Services
Fill in name or positon here # Yes 1 1 1 1 1 1 1 2 2 2 2 2 2 2
Subtotal 1 1 1 1 1 1 1 2 2 2 2 2 2 2
7 Integration Services
Subtotal - - - - - - - - - - - - - -
8 Consulting Services
Costs 02 51 von 100

Subtotal - - - - - - - - - - - - - -
9 Spare Parts
Subtotal - - - - - - - - - - - - - -
10 License Fees
Subtotal - - - - - - - - - - - - - -
Total Headcount Direct Labor Staff # 2 2 2 2 2 2 3 4 4 4 4 4 4 4

Development of headcount month to month 2 1 1
Wages & Salaries - Direct Labor Staff

1 Desktops
Fill in name or positon here USD 35,183 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,683 1,683 1,683 1,683
Fill in name or positon here USD - - - - - - - - - - - - - - -
Subtotal USD 35,183 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,683 1,683 1,683 1,683
2 Workstations
Fill in name or positon here USD 25,183 - - - - - - 1,667 1,667 1,667 1,667 1,683 1,683 1,683 1,683
Subtotal USD 25,183 - - - - - - 1,667 1,667 1,667 1,667 1,683 1,683 1,683 1,683
3 Notebooks
Subtotal USD - - - - - - - - - - - - - - -
4 Software Products
Subtotal USD - - - - - - - - - - - - - - -

Subtotal USD - - - - - - - - - - - - - - -
6 Repair Services
Fill in name or positon here USD 58,700 1,667 1,667 1,667 1,667 1,667 1,667 1,667 3,333 3,333 3,333 3,367 3,367 3,367 3,367
Subtotal USD 58,700 1,667 1,667 1,667 1,667 1,667 1,667 1,667 3,333 3,333 3,333 3,367 3,367 3,367 3,367
Costs 02 52 von 100

Subtotal USD - - - - - - - - - - - - - - -
Subtotal USD - - - - - - - - - - - - - - -
9 Spare Parts
Subtotal USD - - - - - - - - - - - - - - -
10 License Fees
Subtotal USD - - - - - - - - - - - - - - -
Total Wages & Salaries USD 119,067 3,333 3,333 3,333 3,333 3,333 3,333 5,000 6,667 6,667 6,667 6,733 6,733 6,733 6,733
Social security contributions and taxes - Direct Labor Staff

1 Desktops SCC
Fill in name or positon here USD Yes 8,796 417 417 417 417 417 417 417 417 417 417 421 421 421 421
Fill in name or positon here USD Yes - - - - - - - - - - - - - - -
Fill in name or positon here USD No - - - - - - - - - - - - - - -
Subtotal USD 8,796 417 417 417 417 417 417 417 417 417 417 421 421 421 421
2 Workstations
Fill in name or positon here USD Yes 6,296 - - - - - - 417 417 417 417 421 421 421 421
Subtotal USD 6,296 - - - - - - 417 417 417 417 421 421 421 421
3 Notebooks
Subtotal USD - - - - - - - - - - - - - - -
4 Software Products
Subtotal USD - - - - - - - - - - - - - - -

Costs 02 53 von 100

Subtotal USD - - - - - - - - - - - - - - -
6 Repair Services
Fill in name or positon here USD Yes 14,675 417 417 417 417 417 417 417 833 833 833 842 842 842 842
Subtotal USD 14,675 417 417 417 417 417 417 417 833 833 833 842 842 842 842
Subtotal USD - - - - - - - - - - - - - - -
Subtotal USD - - - - - - - - - - - - - - -
9 Spare Parts
Subtotal USD - - - - - - - - - - - - - - -
10 License Fees
Subtotal USD - - - - - - - - - - - - - - -
Total Social security contributions & taxes USD 29,767 833 833 833 833 833 833 1,250 1,667 1,667 1,667 1,683 1,683 1,683 1,683
Other Staff Costs - Direct Labor Staff

1 Desktops
Other Staff Expenses (automatic) USD 5.0% % of base salary 1,759 83 83 83 83 83 83 83 83 83 83 84 84 84 84
Other Staff Expenses (manual input) USD -
Subtotal Desktops USD 1,759 83 83 83 83 83 83 83 83 83 83 84 84 84 84
2 Workstations
Other Staff Expenses (automatic) USD % of base salary - - - - - - - - - - - - - - -
Subtotal Workstations USD - - - - - - - - - - - - - - -
3 Notebooks
Subtotal Notebooks USD - - - - - - - - - - - - - - -
4 Software Products
Subtotal Software Products USD - - - - - - - - - - - - - - -

Costs 02 54 von 100

Subtotal Net work infrastructure solutions USD - - - - - - - - - - - - - - -
6 Repair Services
Subtotal Repair Services USD - - - - - - - - - - - - - - -
Subtotal Integration Services USD - - - - - - - - - - - - - - -
Subtotal Consulting Services USD - - - - - - - - - - - - - - -
9 Spare Parts
Subtotal Spare Parts USD - - - - - - - - - - - - - - -
10 License Fees
Other Staff Expenses (manual input) USD - -
Subtotal License Fees USD - - - - - - - - - - - - - - -
Total Other Staff Expenses USD 1,759 83 83 83 83 83 83 83 83 83 83 84 84 84 84
Total Direct Labor Costs USD 150,593 4,250 4,250 4,250 4,250 4,250 4,250 6,333 8,417 8,417 8,417 8,501 8,501 8,501 8,501
Direct Labor Costs per Product/Service

Desktops USD 45,738 2,167 2,167 2,167 2,167 2,167 2,167 2,167 2,167 2,167 2,167 2,188 2,188 2,188 2,188
Workstations USD 31,479 - - - - - - 2,083 2,083 2,083 2,083 2,104 2,104 2,104 2,104
Notebooks USD - - - - - - - - - - - - - - -
Software Products USD - - - - - - - - - - - - - - -
Net work infrastructure solutions USD - - - - - - - - - - - - - - -
Repair Services USD 73,375 2,083 2,083 2,083 2,083 2,083 2,083 2,083 4,167 4,167 4,167 4,208 4,208 4,208 4,208
Integration Services USD - - - - - - - - - - - - - - -
Consulting Services USD - - - - - - - - - - - - - - -
Spare Parts USD - - - - - - - - - - - - - - -
License Fees USD - - - - - - - - - - - - - - -
Total Direct Labor Costs USD Check Ok 150,593 4,250 4,250 4,250 4,250 4,250 4,250 6,333 8,417 8,417 8,417 8,501 8,501 8,501 8,501
Operational Expenses
Only direct/variable expenses here (irrespective of type of business)
1 Revenue share expense Rev. Share % of net sales
Desktops USD - - - - - - - - - - - - - - - -
Workstations USD 5.0% 26,450 920 1,150 1,150 1,150 1,150 1,150 1,150 1,150 1,150 1,380 1,380 1,380 1,380 1,380
Notebooks USD - - - - - - - - - - - - - - - -
Software Products USD 10.0% 17,610 825 855 855 855 855 855 855 825 825 825 825 825 825 825
Net work infrastructure solutions USD - - - - - - - - - - - - - - - -
Repair Services USD - - - - - - - - - - - - - - - -
Integration Services USD - - - - - - - - - - - - - - - -
Consulting Services USD - - - - - - - - - - - - - - - -
Spare Parts USD - - - - - - - - - - - - - - - -
License Fees USD - - - - - - - - - - - - - - - -
Total Revenue share expense USD 44,060 1,745 2,005 2,005 2,005 2,005 2,005 2,005 1,975 1,975 2,205 2,205 2,205 2,205 2,205
Costs 02 55 von 100

2 Energy costs (of production & manufacturing) Credit Periods
Utilities USD 35,719 1,000 1,050 1,103 1,158 1,216 1,276 1,340 1,407 1,477 1,551 1,629 1,710 1,796 1,886
Gas USD 4,200 200 200 200 200 200 200 200 200 200 200 200 200 200 200
Oil USD -
3 Third-party services
Subcontract 01 USD -
4 Other
Shipping & postage expense USD 37,370 1,436 1,515 1,517 1,518 1,520 1,522 2,525 1,482 1,509 2,557 1,559 1,549 2,552 1,555
Repairs & maintenance USD -
Consumables 01 USD -
Variable descriptions (input cells) can be changed
Total Other Direct Costs USD 121,350 4,381 4,770 4,824 4,881 4,941 5,004 6,070 5,064 5,161 6,514 5,593 5,665 6,753 5,845
VAT on other direct expenses" Subject to input taxes VAT Rate
VAT on other direct expenses(w/o revenue share)" USD 70.0% 20.0% 10,821 369 387 395 403 411 420 569 432 446 603 474 484 637 510
Allocation of other direct costs to products/services

Selected allocation basis: Sales => Selection can be changed on sheet Inputs (row 40)
Desktops USD 15% 16,785 707 743 757 771 786 802 655 757 767 612 789 811 647 850
Workstations USD 15% 37,654 1,258 1,570 1,578 1,586 1,594 1,603 1,520 1,629 1,636 1,845 1,980 1,996 1,872 2,026
Notebooks USD 12% 6,426 246 245 249 254 259 264 216 307 311 248 320 329 263 345
Software Products USD 12% 21,319 976 1,011 1,014 1,017 1,020 1,023 993 997 999 964 1,004 1,009 972 1,018
Net work infrastructure solutions USD 10% 2,217 83 82 84 85 87 89 72 94 106 84 110 114 92 122
Repair Services USD 10% 5,890 257 255 260 265 270 276 225 292 295 236 304 284 227 298
Integration Services USD 8% 8,542 330 329 335 341 348 355 290 375 422 337 435 447 356 468
Consulting Services USD 8% 9,337 348 349 359 370 381 392 324 424 433 349 455 472 381 505
Spare Parts USD 10% 4,196 177 186 189 193 196 200 164 189 192 153 197 203 162 212
License Fees USD - 8,983 - - - - - - 1,610 - - 1,685 - - 1,783 -
Total Other Direct Costs USD Check Ok 121,350 4,381 4,770 4,824 4,881 4,941 5,004 6,070 5,064 5,161 6,514 5,593 5,665 6,753 5,845
Allocation control Ok - - - - - - - - - - - - - -
Cost of Sales (per product/service)

Total direct costs, i.e. costs of materials/goods for resale + direct payroll + other direct costs
Desktops USD 498,124 23,873 25,110 25,123 25,138 25,153 25,168 25,022 22,723 22,733 22,578 22,777 22,799 22,635 22,838
Workstations USD 437,133 14,058 17,570 17,578 17,586 17,594 17,603 19,604 19,713 19,719 23,128 23,284 23,300 23,176 23,330
Notebooks USD 185,626 8,246 8,245 8,249 8,254 8,259 8,264 8,216 9,107 9,111 9,048 9,120 9,129 9,063 9,145
Software Products USD 150,459 7,026 7,281 7,284 7,287 7,290 7,293 7,263 7,047 7,049 7,014 7,054 7,059 7,022 7,068
Net work infrastructure solutions USD 29,489 1,208 1,207 1,209 1,210 1,212 1,214 1,197 1,219 1,356 1,334 1,473 1,491 1,483 1,527
Repair Services USD 240,873 10,735 10,734 10,739 10,744 10,749 10,754 10,704 12,854 12,857 12,798 12,208 11,488 11,431 11,502
Integration Services USD 28,742 1,230 1,229 1,235 1,241 1,248 1,255 1,190 1,275 1,422 1,337 1,435 1,447 1,356 1,468
Consulting Services USD 42,374 1,770 1,785 1,810 1,835 1,860 1,887 1,833 1,948 1,973 1,904 2,025 2,058 1,983 2,123
Spare Parts USD 153,934 7,395 7,817 7,820 7,824 7,828 7,832 7,795 6,995 6,998 6,959 7,003 7,009 6,968 7,019
License Fees USD 8,983 - - - - - - 1,610 - - 1,685 - - 1,783 -
Total Cost of Sales USD Check Ok 1,775,736 75,542 80,977 81,046 81,117 81,192 81,269 84,434 82,881 83,219 87,786 86,380 85,781 86,899 86,021
Costs 02 56 von 100

01 May 20 01 Jun 20 01 Jul 20 01 Aug 20 01 Sep 20 01 Oct 20 01 Nov 20 01 Dec 20 01 Jan 21 01 Feb 21
1 1 1 1 1 1 1 - - -
2020 2020 2020 2020 2020 2020 2020 2020 2021 2021
1 1 1 1 1 1 1 1 1 1
1 1 1 1 1 1 1 - - -
1 1 1 1 1 1 1 1 1 1
1 1 1 1 1 1 1 - - -
- - - - - - - - - -
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2 2 2 2 2 2 2 2 2 2
2 2 2 2 2 2 2 - - -
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1 1
Costs 02 57 von 100

- - - - - - - - - -
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4 4 4 4 4 4 4 - - -
1,683 1,683 1,683 1,683 1,683 1,683 1,683 - - -

- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
1,683 1,683 1,683 1,683 1,683 1,683 1,683 - - -
1,683 1,683 1,683 1,683 1,683 1,683 1,683 - - -

- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
1,683 1,683 1,683 1,683 1,683 1,683 1,683 - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
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- - - - - - - - - -
3,367 3,367 3,367 3,367 3,367 3,367 3,367 - - -

- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
3,367 3,367 3,367 3,367 3,367 3,367 3,367 - - -
Costs 02 58 von 100

- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
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6,733 6,733 6,733 6,733 6,733 6,733 6,733 - - -
421 421 421 421 421 421 421 - - -

- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
421 421 421 421 421 421 421 - - -
421 421 421 421 421 421 421 - - -

- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
421 421 421 421 421 421 421 - - -
- - - - - - - - - -
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Costs 02 59 von 100

- - - - - - - - - -
- - - - - - - - - -
842 842 842 842 842 842 842 - - -

- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
842 842 842 842 842 842 842 - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
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- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
1,683 1,683 1,683 1,683 1,683 1,683 1,683 - - -
84 84 84 84 84 84 84 - - -
84 84 84 84 84 84 84 - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
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Costs 02 60 von 100

- - - - - - - - - -
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- - - - - - - - - -
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- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
84 84 84 84 84 84 84 - - -
8,501 8,501 8,501 8,501 8,501 8,501 8,501 - - -
2,188 2,188 2,188 2,188 2,188 2,188 2,188 - - -

2,104 2,104 2,104 2,104 2,104 2,104 2,104 - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
4,208 4,208 4,208 4,208 4,208 4,208 4,208 - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
8,501 8,501 8,501 8,501 8,501 8,501 8,501 - - -
- - - - - - - - - -
1,380 1,380 1,380 1,380 1,380 1,265 1,265 - - -
- - - - - - - - - -
825 825 825 825 825 825 930 - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
2,205 2,205 2,205 2,205 2,205 2,090 2,195 - - -
Costs 02 61 von 100

1,980 2,079 2,183 2,292 2,407 2,527 2,653 2,786 2,925 3,072
200 200 200 200 200 200 200 200 200 200
1,557 2,560 1,569 1,572 2,575 1,555 1,664 - - -
5,942 7,044 6,157 6,269 7,387 6,372 6,713 - - -
523 678 553 569 725 599 632 - - -
871 686 914 938 730 1,000 1,194 - - -

2,042 1,902 2,075 2,094 1,935 1,962 1,952 - - -
354 279 388 398 310 424 418 - - -
1,023 981 1,033 1,038 991 1,052 1,182 - - -
126 100 135 140 110 152 151 - - -
305 240 320 329 256 350 345 - - -
480 378 504 517 402 551 543 - - -
523 416 560 580 456 631 628 - - -
218 172 229 235 183 250 299 - - -
- 1,891 - - 2,013 - - - - -
5,942 7,044 6,157 6,269 7,387 6,372 6,713 - - -
- - - - - - - - - -
22,859 22,674 22,903 22,927 22,719 22,988 27,383 - - -

23,347 23,206 23,379 23,398 23,240 21,666 21,656 - - -
9,154 9,079 9,188 9,198 9,110 9,224 9,218 - - -
7,073 7,031 7,083 7,088 7,041 7,102 8,002 - - -
1,545 1,533 1,582 1,602 1,587 1,643 1,658 - - -
11,510 11,445 11,525 11,533 11,460 11,555 11,550 - - -
1,480 1,378 1,504 1,517 1,402 1,551 1,543 - - -
2,157 2,066 2,227 2,264 2,157 2,348 2,362 - - -
7,024 6,978 7,035 7,041 6,989 7,056 8,549 - - -
- 1,891 - - 2,013 - - - - -
86,148 87,281 86,425 86,568 87,717 85,133 91,920 - - -
Costs 02 62 von 100

Period Start 01 Mar 19 01 Apr 19 01 May 19 01 Jun 19 01 Jul 19 01 Aug 19 01 Sep 19 01 Oct 19 01 Nov 19 01 Dec 19 01 Jan 20 01 Feb 20 01 Mar 20
Period End Start End 28 Feb 19 31 Mar 19 30 Apr 19 31 May 19 30 Jun 19 31 Jul 19 31 Aug 19 30 Sep 19 31 Oct 19 30 Nov 19 31 Dec 19 31 Jan 20 29 Feb 20 31 Mar 20
Model Life 01 Mar 19 30 Nov 20 21 1 1 1 1 1 1 1 1 1 1 1 1 1
Month of model # 1 2 3 4 5 6 7 8 9 10 11 12 13
Overhead/Indirect Expenses
Variable descriptions (input cells) can be changed
1 Management &Administration Expenses Credit Periods All assumption values should be entered net of input/output taxes (sales taxes, GST, VAT etc.)
Payroll Management & Administration Staff USD from Human Resources => 198,347 11,183 6,183 6,183 6,183 6,183 6,183 6,183 6,183 6,183 6,183 16,501 11,501 11,501
Communication (Internet, Phone, Mobile etc.) USD 1 4,648 200 202 204 206 208 210 212 214 217 219 221 223 225
Office Supplies USD 1 1,050 50 50 50 50 50 50 50 50 50 50 50 50 50
Travel & Entertainment USD - 14,050 650 650 650 650 650 650 650 650 650 650 650 650 650
Vehicle Expenses USD -
Miscellaneous 01 USD -
Subtotal Management &Administration Expenses USD 218,095 12,083 7,085 7,087 7,089 7,091 7,094 7,096 7,098 7,100 7,102 17,422 12,424 12,427
2 Operational Expenses Credit Periods

Payroll Operational Staff USD from Human Resources => 215,507 3,933 3,933 3,933 3,933 3,933 3,933 3,933 12,333 12,333 12,333 12,627 12,627 12,627
Power USD 1 22,000 500 600 650 700 750 800 850 900 950 1,000 1,050 1,100 1,150
Heat and light USD 1 8,800 200 240 260 280 300 320 340 360 380 400 420 440 460
Cleaning USD -
Repairs and maintenance USD -
Licence fees USD -
Miscellaneous 01 USD
Miscellaneous 02 USD
Subtotal Operational Expenses USD 246,307 4,633 4,773 4,843 4,913 4,983 5,053 5,123 13,593 13,663 13,733 14,097 14,167 14,237
3 Salesforce Expenses Credit Periods

Payroll Sales, Marketing & Distribution Staff USD from Human Resources => 235,050 6,550 5,050 5,050 5,050 5,050 11,600 10,100 10,100 10,100 10,100 10,320 10,320 10,320
Freight/distribution expenses USD 57,680 2,640 2,640 2,640 2,640 2,640 2,640 2,640 2,800 2,800 2,800 2,800 2,800 2,800
Selling expenses/commission USD 74,741 2,872 3,029 3,033 3,037 3,041 3,045 5,049 2,964 3,018 5,114 3,119 3,099 5,105
Promotional materials (advertising, brochures etc.) USD 11,550 550 550 550 550 550 550 550 550 550 550 550 550 550
Public relations, exhibitions USD -
Travel expenses USD -
Marketing campaign / Promotion 01 USD 2,650 330 330 500 330 330
Marketing campaign / Promotion 02 USD -
Subtotal Salesforce Expenses USD 381,671 12,942 11,269 11,273 11,607 11,281 17,835 18,839 16,414 16,798 18,564 16,789 17,099 18,775
4 Research & Development Expenses Credit Periods

Payroll Research & Development USD from Human Resources => 83,689 - - - - - 6,100 5,100 5,100 5,100 5,100 5,199 5,199 5,199
Consultancy USD -
Materials USD -
Design, construction & testing of prototypes USD -
Subtotal Payroll Research & Development USD 83,689 - - - - - 6,100 5,100 5,100 5,100 5,100 5,199 5,199 5,199
5 General & Other Expenses Credit Periods

Rent and rates USD 1 63,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000
Additional property expenses (Heat, Light etc.) USD 18,900 900 900 900 900 900 900 900 900 900 900 900 900 900
Professional fees (Legal, Tax, Audit etc.) USD 2 4,200 200 200 200 200 200 200 200 200 200 200 200 200 200
Insurances / charges / contributions USD - 7,350 350 350 350 350 350 350 350 350 350 350 350 350 350
Patents & Trademarks USD -
Costs 03 63 von 100

Establishment (Start-up costs) USD -
Subtotal General & Other Expenses USD 93,450 4,450 4,450 4,450 4,450 4,450 4,450 4,450 4,450 4,450 4,450 4,450 4,450 4,450
Total Overhead Expenses USD 1,023,211 34,109 27,578 27,654 28,060 27,806 40,532 40,608 46,655 47,111 48,950 57,957 53,339 55,087
VAT on Overhead Expenses

Total Overhead Expenses (w/o payroll expenses) USD Subject to input taxes VAT Rate 290,619 12,442 12,411 12,487 12,893 12,639 12,715 15,291 12,938 13,394 15,233 13,310 13,692 15,440
VAT on Overhead Expenses USD 70.0% 20.0% 40,687 1,742 1,738 1,748 1,805 1,769 1,780 2,141 1,811 1,875 2,133 1,863 1,917 2,162
Costs 03 64 von 100

01 Apr 20 01 May 20 01 Jun 20 01 Jul 20 01 Aug 20 01 Sep 20 01 Oct 20 01 Nov 20 01 Dec 20 01 Jan 21 01 Feb 21
1 1 1 1 1 1 1 1 - - -
14 15 16 17 18 19 20 21 22 23 24
11,501 11,501 11,501 11,501 11,501 11,501 11,501 11,501 - - -

228 230 232 235 237 239 242 244 246 249 251
50 50 50 50 50 50 50 50 50 50 50
700 700 700 700 700 700 700 700 700 700 700
12,479 12,481 12,483 12,486 12,488 12,490 12,493 12,495 - - -
12,627 12,627 12,627 12,627 12,627 16,653 16,653 16,653 - - -

1,200 1,250 1,300 1,350 1,400 1,450 1,500 1,550 1,600 1,650 1,700
480 500 520 540 560 580 600 620 640 660 680
14,307 14,377 14,447 14,517 14,587 18,683 18,753 18,823 - - -
16,980 15,480 15,480 15,480 15,480 15,480 15,480 15,480 - - -

2,800 2,800 2,800 2,800 2,800 2,800 2,800 2,800 2,800 2,800 2,800
3,109 3,115 5,121 3,139 3,144 5,151 3,109 3,329 - - -
550 550 550 550 550 550 550 550 550 550 550
500 330 330
23,439 22,445 23,951 21,969 21,974 23,981 22,269 22,159 - - -
5,199 5,199 5,199 5,199 5,199 5,199 5,199 5,199 - - -
5,199 5,199 5,199 5,199 5,199 5,199 5,199 5,199 - - -
3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000
900 900 900 900 900 900 900 900 900 900 900
200 200 200 200 200 200 200 200 200 200 200
350 350 350 350 350 350 350 350 350 350 350
Costs 03 65 von 100

4,450 4,450 4,450 4,450 4,450 4,450 4,450 4,450 - - -
59,874 58,951 60,530 58,620 58,698 64,804 63,165 63,126 - - -
13,567 14,144 15,723 13,813 13,891 15,970 14,331 14,293 - - -

1,899 1,980 2,201 1,934 1,945 2,236 2,006 2,001 - - -
Costs 03 66 von 100

Capital Expenditure
Fixed Assets - Capex, Company Produced Assets, Leasing, Disposals

I Intangible Assets
A Purchases: Intangible Assets Subject to input taxes 100% Zero Rate -
Asset 01 USD 75,000 75,000
Asset 02 USD -
Asset 03 USD -
Asset 04 USD -
Asset 05 USD -
1. Total (w/o leasing) USD 75,000 75,000 - - - - - - - - - - - -
B Amortization: Intangible Assets
Cost or Value USD Useful life % p.m. 2,000 77,000 77,000 77,000 77,000 77,000 77,000 77,000 77,000 77,000 77,000 77,000 77,000 77,000
Amortization per period USD 120 Month(s) 0.83% Ok 12,850 17 642 642 642 642 642 642 642 642 642 642 642 642
Accumulated amortization USD Depr. Method 1 straight-line 17 658 1,300 1,942 2,583 3,225 3,867 4,508 5,150 5,792 6,433 7,075 7,717
C Company produced additions: Intangible Assets
2. Capitalized assets -
D Finance Lease: Intangible Assets
3. Purchases financed by leasing USD -
Lease charges (interest) USD -
Lease payments USD -
E Disposal of Intangible Assets
Proceeds USD -
Costs USD -
Accumulated amortization (of assets sold) USD -
F VAT
VAT on Intangible Assets purchased & leased USD 100.0% Rate => - - - - - - - - - - - - - - -
BS Account: Intangible Assets

Balance B/f USD 2,000 76,983 76,342 75,700 75,058 74,417 73,775 73,133 72,492 71,850 71,208 70,567 69,925
Increase (purchases + leasing + company prod. additions) USD 75,000 75,000 - - - - - - - - - - - -
Decrease (amortization + disposals) USD (12,850) (17) (642) (642) (642) (642) (642) (642) (642) (642) (642) (642) (642) (642)
Balance C/f USD 2,000 76,983 76,342 75,700 75,058 74,417 73,775 73,133 72,492 71,850 71,208 70,567 69,925 69,283
II Tangible Assets
1 Asset class 1: Description
Land and Buildings Subject to input taxes 100% Zero Rate -
A Purchases: Land and Buildings
Asset 01 USD -
Asset 02 USD -
Asset 03 USD -
Asset 04 USD -
Asset 05 USD -
1. Total (w/o leasing) USD - - - - - - - - - - - - - -
B Depreciation: Land and Buildings
Depreciation per period USD 50 Month(s) 2.00% Ok 42,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000
Accumulated depreciation USD Depr. Method 1 straight-line 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 20,000 22,000 24,000 26,000
C Company produced additions: Land and Buildings
D Finance Lease: Land and Buildings
E Disposal of Land and Buildings
Proceeds USD -
Costs USD -
Accumulated depreciation (of assets sold) USD -
F VAT
Capex 67 von 100

VAT on Land and Buildings purchased & leased USD 100.0% Rate => - - - - - - - - - - - - - - -

Plant & Machinery Subject to input taxes 80% Rate 1 20.0%
A Purchases: Plant & Machinery
Asset 01 USD 252,500 220,000 32,500
Asset 02 USD -
Asset 03 USD -
Asset 04 USD -
Asset 05 USD -
1. Total (w/o leasing) USD 252,500 - 220,000 - - - - - - - - - 32,500 -
B Depreciation: Plant & Machinery
Depreciation per period USD 60 Month(s) 1.67% Ok 131,375 2,167 2,167 5,833 5,833 6,500 6,500 6,500 6,500 6,500 6,500 6,500 6,500 7,042
Accumulated depreciation USD Depr. Method 1 straight-line 2,167 4,333 10,167 16,000 22,500 29,000 35,500 42,000 48,500 55,000 61,500 68,000 75,042
C Company produced additions: Plant & Machinery
D Finance Lease: Plant & Machinery
3. Purchases financed by leasing USD 40,000 40,000
Lease charges (interest) USD 2,125 125 125 125 125 125 125 125 125 125
Lease payments USD 2,750 1,250
E Disposal of Plant & Machinery
Proceeds USD -
Costs USD -
F VAT
VAT on Plant & Machinery purchased & leased USD 80.0% Rate => 20.0% 46,800 - 35,200 - 6,400 - - - - - - - 5,200 -

Vehicles Subject to input taxes 90% Rate 1 20.0%
A Purchases: Vehicles
Asset 01 USD 40,000 20,000
Asset 02 USD 60,000 30,000
Asset 03 USD -
Asset 04 USD -
Asset 05 USD -
1. Total (w/o leasing) USD 100,000 50,000 - - - - - - - - - - - -
B Depreciation: Vehicles
Depreciation per period USD 72 Month(s) 1.39% Ok 26,042 347 1,042 1,042 1,042 1,042 1,042 1,042 1,042 1,042 1,042 1,042 1,042 1,042
Accumulated depreciation USD Depr. Method 1 straight-line 347 1,389 2,431 3,472 4,514 5,556 6,597 7,639 8,681 9,722 10,764 11,806 12,847
C Company produced additions: Vehicles
D Finance Lease: Vehicles
E Disposal of Vehicles
Proceeds USD -
Costs USD -
F VAT
VAT on Vehicles purchased & leased USD 90.0% Rate => 20.0% 18,000 9,000 - - - - - - - - - - - -
BS Account: Tangible Assets

Balance B/f USD 255,000 300,486 515,278 506,403 537,528 527,986 518,444 508,903 499,361 489,819 480,278 470,736 493,694
Increase (purchases + leasing + company prod. additions) USD 392,500 50,000 220,000 - 40,000 - - - - - - - 32,500 -
Decrease (depreciation + disposals) USD (199,417) (4,514) (5,208) (8,875) (8,875) (9,542) (9,542) (9,542) (9,542) (9,542) (9,542) (9,542) (9,542) (10,083)
Balance C/f USD 255,000 300,486 515,278 506,403 537,528 527,986 518,444 508,903 499,361 489,819 480,278 470,736 493,694 483,611
III Financial Assets / Investments

A Purchases: Financial Assets / Investments Subject to input taxes 100% Zero Rate -
Asset 01 USD 66,250 55,000 11,250
Capex 68 von 100

Asset 02 USD -
Asset 03 USD -
Asset 04 USD -
Asset 05 USD -
1. Total (w/o leasing) USD 66,250 - - - - 55,000 - - - - - - 11,250 -
B Depreciation: Financial Assets / Investments
Cost or Value USD Useful life % p.m. - - - - - 55,000 55,000 55,000 55,000 55,000 55,000 55,000 66,250 66,250
Depreciation per period USD 0 Month(s) - Ok - - - - - - - - - - - - - -
Accumulated depreciation USD Depr. Method 1 straight-line - - - - - - - - - - - - -
C Company produced additions: Financial Assets / Investments
D Finance Lease: Financial Assets / Investments
E Disposal of Financial Assets / Investments
Proceeds USD -
Costs USD -
F VAT
VAT on Financial Assets / Investments purchased & leased USD 100.0% Rate => - - - - - - - - - - - - - - -
BS Account: Financial Assets / Investments

Balance B/f USD - - - - - 55,000 55,000 55,000 55,000 55,000 55,000 55,000 66,250
Increase (purchases + leasing + company prod. additions) USD 66,250 - - - - 55,000 - - - - - - 11,250 -
Decrease (depreciation + disposals) USD - - - - - - - - - - - - - -
Balance C/f USD - - - - - 55,000 55,000 55,000 55,000 55,000 55,000 55,000 66,250 66,250
IV Summary: Non-current (fixed) assets

Capex and D&A
Capital expenditure (excl. Leasing) USD 493,750 125,000 220,000 - - 55,000 - - - - - - 43,750 -
thereof intangible assets USD 75,000 75,000 - - - - - - - - - - - -
thereof tangible assets USD 352,500 50,000 220,000 - - - - - - - - - 32,500 -
thereof financial assets USD 66,250 - - - - 55,000 - - - - - - 11,250 -
Depreciation & Amortization per period USD 212,267 4,531 5,850 9,517 9,517 10,183 10,183 10,183 10,183 10,183 10,183 10,183 10,183 10,725
Capitalised assets
Company produced additions USD - - - - - - - - - - - - - -
Finance Lease
Purchases financed by leasing USD 40,000 - - - 40,000 - - - - - - - - -
Lease charges (interest) USD 2,125 - - - - 125 125 125 125 125 125 125 125 125
Lease payments USD 2,750 - - - - - - 1,250 - - - - - -
BS Account: Finance lease obligations
Balance B/f USD - - - - 40,000 40,000 40,000 38,750 38,750 38,750 38,750 38,750 38,750
Increase USD 40,000 - - - 40,000 - - - - - - - - -
Decrease USD (2,750) - - - - - - (1,250) - - - - - -
Balance C/f USD - - - 40,000 40,000 40,000 38,750 38,750 38,750 38,750 38,750 38,750 38,750
Disposal of non-current (fixed) assets
Proceeds USD - - - - - - - - - - - - - -
Costs USD - - - - - - - - - - - - - -
Accumulated D&A (of assets sold) USD - - - - - - - - - - - - - -
Profit/Loss disposal of fixed assets USD - - - - - - - - - - - - - -
VAT
VAT on non-current (fixed) assets USD 64,800 9,000 35,200 - 6,400 - - - - - - - 5,200 -
Master Check: Inputs for sale of assets OK ? Control Ok
Capex 69 von 100

1 1 1 1 1 1 1 1 - - -
- - - - - - - - - - -
77,000 77,000 77,000 77,000 77,000 77,000 77,000 77,000 - - -

642 642 642 642 642 642 642 642 - - -
8,358 9,000 9,642 10,283 10,925 11,567 12,208 12,850 - - -
- - - - - - - - - - -
69,283 68,642 68,000 67,358 66,717 66,075 65,433 64,792 - - -

- - - - - - - - - - -
(642) (642) (642) (642) (642) (642) (642) (642) - - -
68,642 68,000 67,358 66,717 66,075 65,433 64,792 64,150 - - -
- - - - - - - - - - -
100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 - - -

2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 - - -
28,000 30,000 32,000 34,000 36,000 38,000 40,000 42,000 - - -
Capex 70 von 100

- - - - - - - - - - -
- - - - - - - - - - -
422,500 422,500 422,500 422,500 422,500 422,500 422,500 422,500 - - -

7,042 7,042 7,042 7,042 7,042 7,042 7,042 7,042 - - -
82,083 89,125 96,167 103,208 110,250 117,292 124,333 131,375 - - -
125 125 125 125 125 125 125 125 125 125 125
1,500
- - - - - - - - - - -
20,000
30,000
50,000 - - - - - - - - - -
125,000 125,000 125,000 125,000 125,000 125,000 125,000 125,000 - - -

1,042 1,736 1,736 1,736 1,736 1,736 1,736 1,736 - - -
13,889 15,625 17,361 19,097 20,833 22,569 24,306 26,042 - - -
9,000 - - - - - - - - - -
483,611 523,528 512,750 501,972 491,194 480,417 469,639 458,861 - - -

50,000 - - - - - - - - - -
(10,083) (10,778) (10,778) (10,778) (10,778) (10,778) (10,778) (10,778) - - -
523,528 512,750 501,972 491,194 480,417 469,639 458,861 448,083 - - -
Capex 71 von 100

- - - - - - - - - - -
66,250 66,250 66,250 66,250 66,250 66,250 66,250 66,250 - - -

- - - - - - - - - - -
- - - - - - - - - - -
- - - - - - - - - - -
66,250 66,250 66,250 66,250 66,250 66,250 66,250 66,250 - - -

- - - - - - - - - - -
- - - - - - - - - - -
66,250 66,250 66,250 66,250 66,250 66,250 66,250 66,250 - - -
50,000 - - - - - - - - - -
- - - - - - - - - - -
50,000 - - - - - - - - - -
- - - - - - - - - - -
10,725 11,419 11,419 11,419 11,419 11,419 11,419 11,419 - - -
- - - - - - - - - - -
- - - - - - - - - - -
125 125 125 125 125 125 125 125 - - -
- - - - - 1,500 - - - - -
38,750 38,750 38,750 38,750 38,750 38,750 37,250 37,250 - - -

- - - - - - - - - - -
- - - - - (1,500) - - - - -
38,750 38,750 38,750 38,750 38,750 37,250 37,250 37,250 - - -
- - - - - - - - - - -
- - - - - - - - - - -
- - - - - - - - - - -
- - - - - - - - - - -
9,000 - - - - - - - - - -
Capex 72 von 100

Financing
Financial Month 4 5 6 7 8 9 10 11 12 1 2 3
Financing (all figures in USD)

1. Cash before Funding (cash outflows = negative numbers) Mar 19 Apr 19 May 19 Jun 19 Jul 19 Aug 19 Sep 19 Oct 19 Nov 19 Dec 19 Jan 20 Feb 20
Cash collected from sales (incl. VAT) 4,190,385 135,222 168,871 177,966 178,490 175,596 175,829 274,584 172,795 174,590 275,299 179,560 178,357
Changes in advances received - - 5,000 - - - - - - - - - -
Other operating & extraordinary income 18,250 - - - 4,500 - - - 6,500 - - - -
Fixed asset disposals (intangible & tangible assets) Interest p.a. Interest p.m. - - - - - - - - - - - - -
Interest received on cash deposits 1.50% 0.13% 4,092 6 - - - 39 35 44 195 239 225 366 379
Revenue share (cash out) (43,066) (1,038) (1,799) (2,002) (2,005) (2,005) (2,005) (2,005) (1,984) (1,978) (2,090) (2,205) (2,205)
Cost of Materials/Goods (incl. VAT) (1,711,771) (43,847) (87,181) (83,705) (83,379) (83,508) (83,525) (83,542) (82,537) (80,150) (83,470) (84,801) (83,223)
Other Direct Costs (incl. VAT) (88,110) (3,005) (3,152) (3,214) (3,279) (3,347) (3,418) (4,634) (3,521) (3,632) (4,912) (3,863) (3,944)
Overheads (incl. VAT) (932,264) (28,516) (26,321) (26,716) (27,178) (26,889) (37,855) (38,292) (42,446) (42,966) (45,063) (52,802) (48,238)
Direct labor costs (w/o social insurance+income tax) (120,826) (3,417) (3,417) (3,417) (3,417) (3,417) (3,417) (5,083) (6,750) (6,750) (6,750) (6,818) (6,818)
Social insurance & income tax (PAYE/Payroll withholdings) (148,995) - (3,438) (5,938) (3,438) (3,438) (5,438) (5,208) (5,625) (7,604) (7,604) (7,604) (8,619)
Extraordinary expenses (1,750) - - - - - - - - - - - -
Capital Expenditure (incl. VAT) (558,550) (134,000) (255,200) - (6,400) (55,000) - - - - - - (48,950)
Finance lease charges paid (2,125) - - - - (125) (125) (125) (125) (125) (125) (125) (125)
Finance lease capital payments (2,750) - - - - - - (1,250) - - - - -
Changes in advance payments (5,000) - - - - - - - - (10,000) - - -
Utilisation of accruals (2,500) - - - (2,500) - - - - - - - -
Interest paid (Debt 1-4) (9,084) (35) (35) (642) (443) (373) (373) (373) (373) (373) (373) (373) (344)
Financing fees (Debt 1-4) (3,915) (1,333) (2,582) - - - - - - - - - -
Repayment debt 1 (UL Bank) (1,762) - - - - - - - - - - - -
Interest paid (debt facilities existent at model start) (16,301) (833) (833) (833) (814) (814) (814) (795) (795) (795) (776) (776) (776)
Repayment debt facilities (existent at model start) (35,000) - - (5,000) - - (5,000) - - (5,000) - - (5,000)
VAT paid/recovered to/from tax authority (66,895) - - - (12,100) - - (12,151) - - (11,952) - -
Taxes on income paid (188,837) - - (26,667) - - (26,667) - - (26,667) - - (25,000)
Cash C/f 5,000 - - - 30,992 27,712 34,940 156,109 191,443 180,232 292,642 303,201
Cash before funding (75,795) (210,085) 19,834 38,038 27,712 34,940 156,109 191,443 180,232 292,642 313,201 248,697
2. Financing
To be funded (75,795) (210,085) - - - - - - - - - -
Funding Waterfall
1st tranche completely in first month ? Additional Tranche
1. Share Capital No - 75,000 75,000 - - - - - - - - - - -
Subtotal (795) (210,085) - - - - - - - - - -
2. Debt 1 (automatic): UL Bank On 80,000 795 79,205 - - - - - - - - - -

Subtotal - (130,880) - - - - - - - - - -
3. Debt 2: HSBC Bank Int. manually? Interest will be calculated automatically

Drawdowns No 40,000 40,000
Repayment (20,000) (10,000)
Subtotal - (90,880) - - - - - - - - (10,000) -
4. Debt 3: UBS Int. manually? Interest will be calculated automatically

Repayment (10,000)
Subtotal - (30,880) - - - - - - - - (10,000) -
5. Debt 4: Shareholder Loan Int. manually? Interest will be calculated automatically

Repayment (7,500)
Subtotal - (23,380) - - - - - - - - (10,000) -
Cash before current account - (23,380) 19,834 38,038 27,712 34,940 156,109 191,443 180,232 292,642 303,201 248,697
6. Overdraft Facility (automatic)
Financing 73 von 100

Balance B/f 3,500 3,500 26,880 7,046 - - - - - - - -
Increase 23,380 - 23,380 - - - - - - - - - -
Reduction Maximum (26,880) - - (19,834) (7,046) - - - - - - - -
Balance C/f 23,380 3,500 3,500 26,880 7,046 - - - - - - - - -
Amount still available 65,000 61,500 61,500 38,120 57,954 65,000 65,000 65,000 65,000 65,000 65,000 65,000 65,000
Interest on overdraft 1.00% per month 409 35 35 269 70 - - - - - - - -
3. Cash after Funding

Cash after funding - - - 30,992 27,712 34,940 156,109 191,443 180,232 292,642 303,201 248,697
Dividend payout (175,000)
Cash after dividend payout 5,000 - - - 30,992 27,712 34,940 156,109 191,443 180,232 292,642 303,201 248,697
Check: Sufficient funding ? Ok - - - - - - - - - - - -
Information line: Repayments and overdraft Ok - - - - - - - - - - - -
Balance Sheet Accounts (all figures in USD)

1. Share Capital
Balance B/f 70,000 145,000 145,000 145,000 145,000 145,000 145,000 145,000 145,000 145,000 145,000 145,000
Used for funding 75,000 75,000 - - - - - - - - - - -
Balance C/f 70,000 145,000 145,000 145,000 145,000 145,000 145,000 145,000 145,000 145,000 145,000 145,000 145,000
Amount still available 75,000 75,000 - - - - - - - - - - -
2. Debt 1: UL Bank (automatic debt) On

Flags: UL Bank
Flag: Drawdown Period [1,0] End 29/ Feb/ 20 1 1 1 1 1 1 1 1 1 1 1 1
Tenor [1,0] 1/ Mrz/ 20 28/ Feb/ 30 12 - - - - - - - - - - - -
Counter: Tenor month # - - - - - - - - - - - -
Grace Period [1,0] Start 30/ Aug/ 20 6 - - - - - - - - - - - -
Repayment Period [1,0] 6 - - - - - - - - - - - -
Payment Flag (Principal + Interest) [1,0] 1st repayment Total no of repayments - - - - - - - - - - - -
Remaining Periods # 1/ Okt/ 20 38 - - - - - - - - - - - -
BS Account: UL Bank
Balance B/f USD - 795 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000
Drawdown USD 80,000 795 79,205 - - - - - - - - - -
Principal Repayment USD (1,762) - - - - - - - - - - - -
Balance C/f USD 795 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000
Amount still available USD 80,000 80,000 79,205 - - - - - - - - - -
Financing Fees
Upfront Fee USD 1,200 1/ Mrz/ 19 1,200 1,200 - - - - - - - - - - -
Commitment Fee USD 0.17% per month 265 133 132 - - - - - - - - - -
Interest
Interest during grace period (quarterly) USD 0.94% per quarter 1,500 - - - - - - - - - - - -
Interest during repayment period (quarterly) USD 0.94% per quarter 750 - - - - - - - - - - - -
Total Interest USD 2,250 - - - - - - - - - - - -
Principal Repayment
Annuity (Principal + Interest) USD 2,512 - - - - - - - - - - - -
Interest USD 0.94% per quarter 750 - - - - - - - - - - - -
Principal Repayment USD 1,762 - - - - - - - - - - - -
3. Debt 2: HSBC Bank

Balance B/f USD - - 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 30,000
Drawdown USD 40,000 - 40,000 - - - - - - - - - -
Principal Repayment USD (20,000) - - - - - - - - - - (10,000) -
Balance C/f USD Interest p.a. Interest p.m. - 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 30,000 30,000
1 Interest (automat. calculation) USD 3.5% 0.29% 1,838 - - 117 117 117 117 117 117 117 117 117 88
0 Interest (manual input) USD -
Interest applied USD 1,838 - - 117 117 117 117 117 117 117 117 117 88
Financing Fees Debt 2: HSBC Bank USD 950 950
4. Debt 3: UBS
Balance B/f USD - - 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000
Drawdown USD 60,000 - 60,000 - - - - - - - - - -
1 Interest (automat. calculation) USD 5.0% 0.42% 4,500 - - 250 250 250 250 250 250 250 250 250 250

Interest applied USD 4,500 - - 250 250 250 250 250 250 250 250 250 250
Financing Fees Debt 3: UBS USD 1,500 1,500
5. Debt 4: Shareholder Loan

Balance B/f USD - - 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500
Drawdown USD 7,500 - 7,500 - - - - - - - - - -
1 Interest (automat. calculation) USD 1.0% 0.08% 88 - - 6 6 6 6 6 6 6 6 6 6
Interest applied USD 88 - - 6 6 6 6 6 6 6 6 6 6
Financing Fees Debt 4: Shareholder Loan USD -
6. Debt Facilities (at model start)

Balance B/f USD 222,000 222,000 222,000 217,000 217,000 217,000 212,000 212,000 212,000 207,000 207,000 207,000
Principal Repayment USD (35,000) (5,000) (5,000) (5,000) (5,000)
Balance C/f USD 222,000 222,000 222,000 217,000 217,000 217,000 212,000 212,000 212,000 207,000 207,000 207,000 202,000
Interest (manual input) USD (16,301) (833) (833) (833) (814) (814) (814) (795) (795) (795) (776) (776) (776)
Total pricipal payments (for summary) USD (101,142) - - (24,834) (7,046) - (5,000) - - (5,000) - (10,000) (5,000)

01 Mar 20 01 Apr 20 01 May 20 01 Jun 20 01 Jul 20 01 Aug 20 01 Sep 20 01 Oct 20 01 Nov 20 01 Dec 20 01 Jan 21 01 Feb 21
1 1 1 1 1 1 1 1 1 - - -
4 5 6 7 8 9 10 11 12 1 2 3
Mar 20 Apr 20 May 20 Jun 20 Jul 20 Aug 20 Sep 20 Oct 20 Nov 20 Dec 20 Jan 21 Feb 21
277,201 178,969 179,279 278,142 180,481 180,944 279,826 180,347 188,036 - - -
- - (3,000) - - - - (2,000) - - - -
7,250 - - - - - - - - - - -
- - - - - - - - - - - -
311 232 188 158 277 303 276 400 419 - - -
(2,205) (2,205) (2,205) (2,205) (2,205) (2,205) (2,205) (2,148) (2,164) - - -
(83,094) (83,129) (83,164) (83,199) (83,350) (83,347) (83,307) (82,016) (84,297) - - -
(5,185) (4,150) (4,260) (5,517) (4,506) (4,633) (5,908) (4,881) (5,150) - - -
(50,231) (53,901) (53,060) (54,859) (52,682) (52,771) (58,420) (56,551) (56,508) - - -
(6,818) (6,818) (6,818) (6,818) (6,818) (6,818) (6,818) (6,818) (6,818) - - -
(8,619) (8,619) (9,473) (9,473) (9,473) (9,473) (9,473) (10,220) (10,220) - - -
- - - - - (1,750) - - - - - -
- (59,000) - - - - - - - - - -
(125) (125) (125) (125) (125) (125) (125) (125) (125) - - -
- - - - - - (1,500) - - - - -
- 5,000 - - - - - - - - - -
- - - - - - - - - - - -
(344) (344) (1,094) (302) (296) (1,046) (267) (267) (1,017) - - -
- - - - - - - - - - - -
- - - - - - - - (1,762) - - -
(758) (758) (758) (739) (739) (739) (720) (720) (720) - - -
- - (5,000) - - (5,000) - - (5,000) - - -
(6,689) - - (11,911) - - (12,093) - - - - -
(8,837) - (25,000) - - (25,000) - - (25,000) - - -
248,697 185,555 150,709 126,221 221,873 242,439 220,781 320,048 335,050 - - -
360,555 150,709 136,221 229,373 242,439 230,781 320,048 335,050 324,725 - - -
- - - - - - - - - - - -
- - - - - - - - - - - -
- - - - - - - - - - - -
- - - - - - - - - - - -
- - - - - - - - - - - -
(10,000)
- - - - - (10,000) - - - - - -
(10,000)
- - (10,000) - - (10,000) - - - - - -
(7,500)
- - (10,000) (7,500) - (10,000) - - - - - -
360,555 150,709 126,221 221,873 242,439 220,781 320,048 335,050 324,725 - - -

- - - - - - - - - - - -
- - - - - - - - - - - -
- - - - - - - - - - - -
- - - - - - - - - - - -
65,000 65,000 65,000 65,000 65,000 65,000 65,000 65,000 65,000 - - -
- - - - - - - - - - - -
360,555 150,709 126,221 221,873 242,439 220,781 320,048 335,050 324,725 - - -

(175,000)
185,555 150,709 126,221 221,873 242,439 220,781 320,048 335,050 324,725 - - -
- - - - - - - - - - - -
- - - - - - - - - - - -
145,000 145,000 145,000 145,000 145,000 145,000 145,000 145,000 145,000 - - -

- - - - - - - - - - - -
145,000 145,000 145,000 145,000 145,000 145,000 145,000 145,000 145,000 - - -
- - - - - - - - - - - -
- - - - - - - - - - - -
1 1 1 1 1 1 1 1 1 1 1 1
1 2 3 4 5 6 7 8 9 10 11 12
1 1 1 1 1 1 - - - - - -
- - - - - - 1 1 1 1 1 1
- - 1 - - 1 - - 1 - - -
- - - - - - - - 38 - - -
80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 - - -

- - - - - - - - - - - -
- - - - - - - - (1,762) - - -
80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 78,238 - - -
- - - - - - - - - - - -
- - - - - - - - - - - -
- - - - - - - - - - - -
- - 750 - - 750 - - - - - -
- - - - - - - - 750 - - -
- - 750 - - 750 - - 750 - - -
- - - - - - - - 2,512 - - -
- - - - - - - - 750 - - -
- - - - - - - - 1,762 - - -
30,000 30,000 30,000 30,000 30,000 30,000 20,000 20,000 20,000 - - -

- - - - - - - - - - - -
- - - - - (10,000) - - - - - -
30,000 30,000 30,000 30,000 30,000 20,000 20,000 20,000 20,000 - - -
88 88 88 88 88 88 58 58 58 - - -
88 88 88 88 88 88 58 58 58 - - -
60,000 60,000 60,000 50,000 50,000 50,000 50,000 50,000 50,000 - - -

- - - - - - - - - - - -
- - (10,000) - - - - - - - - -
60,000 60,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 - - -
250 250 250 208 208 208 208 208 208 - - -

250 250 250 208 208 208 208 208 208 - - -
7,500 7,500 7,500 7,500 - - - - - - - -

- - - - - - - - - - - -
- - - (7,500) - - - - - - - -
7,500 7,500 7,500 - - - - - - - - -
6 6 6 6 - - - - - - - -
6 6 6 6 - - - - - - - -
202,000 202,000 202,000 197,000 197,000 197,000 192,000 192,000 192,000 - - -

(5,000) (5,000) (5,000) (5,000)
202,000 202,000 197,000 197,000 197,000 192,000 192,000 192,000 187,000 - - -
(758) (758) (758) (739) (739) (739) (720) (720) (720) - - -
- - (15,000) (7,500) - (15,000) - - (6,762) - - -

Integrated Financial Statements (monthly)
Income Statement (all figures in USD)

Mar 19 Apr 19 May 19 Jun 19 Jul 19 Aug 19 Sep 19 Oct 19 Nov 19 Dec 19 Jan 20 Feb 20 Mar 20
Revenue
- Desktops 798,600 38,500 40,700 40,700 40,700 40,700 40,700 40,700 36,300 36,300 36,300 36,300 36,300 36,300
- Workstations 529,000 18,400 23,000 23,000 23,000 23,000 23,000 23,000 23,000 23,000 27,600 27,600 27,600 27,600
- Notebooks 303,460 13,400 13,400 13,400 13,400 13,400 13,400 13,400 14,740 14,740 14,740 14,740 14,740 14,740
- Software Products 176,100 8,250 8,550 8,550 8,550 8,550 8,550 8,550 8,250 8,250 8,250 8,250 8,250 8,250
- Net work infrastructure solutions 104,413 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 5,000 5,000 5,050 5,101 5,152
- Repair Services 281,112 13,992 13,992 13,992 13,992 13,992 13,992 13,992 13,992 13,992 13,992 13,992 12,720 12,720
- Integration Services 404,000 18,000 18,000 18,000 18,000 18,000 18,000 18,000 18,000 20,000 20,000 20,000 20,000 20,000
- Consulting Services 440,499 18,955 19,145 19,336 19,529 19,725 19,922 20,121 20,322 20,526 20,731 20,938 21,147 21,359
- Spare Parts 199,650 9,625 10,175 10,175 10,175 10,175 10,175 10,175 9,075 9,075 9,075 9,075 9,075 9,075
- License Fees 500,200 - - - - - - 100,020 - - 100,030 - - 100,040
Total Revenue 3,737,033 143,622 151,462 151,653 151,846 152,042 152,239 252,458 148,179 150,883 255,718 155,945 154,933 255,235
Cost of Sales
- Materials/packaging/goods 1,503,794 66,911 71,957 71,972 71,986 72,001 72,016 72,031 69,401 69,641 72,856 72,286 71,615 71,645
- Direct labor 150,593 4,250 4,250 4,250 4,250 4,250 4,250 6,333 8,417 8,417 8,417 8,501 8,501 8,501
- Other direct costs 121,350 4,381 4,770 4,824 4,881 4,941 5,004 6,070 5,064 5,161 6,514 5,593 5,665 6,753
Cost of Sales 1,775,736 75,542 80,977 81,046 81,117 81,192 81,269 84,434 82,881 83,219 87,786 86,380 85,781 86,899
Gross Profit 1,961,297 68,080 70,485 70,607 70,729 70,850 70,970 168,025 65,298 67,664 167,931 69,565 69,152 168,336
Gross profit margin (in %) 47.4% 46.5% 46.6% 46.6% 46.6% 46.6% 66.6% 44.1% 44.8% 65.7% 44.6% 44.6% 66.0%
- Management & Administration 218,095 12,083 7,085 7,087 7,089 7,091 7,094 7,096 7,098 7,100 7,102 17,422 12,424 12,427
- Operational 246,307 4,633 4,773 4,843 4,913 4,983 5,053 5,123 13,593 13,663 13,733 14,097 14,167 14,237
- Sales, Marketing & Distribution 381,671 12,942 11,269 11,273 11,607 11,281 17,835 18,839 16,414 16,798 18,564 16,789 17,099 18,775
- Research & Development 83,689 - - - - - 6,100 5,100 5,100 5,100 5,100 5,199 5,199 5,199
- General & Miscellaneous 93,450 4,450 4,450 4,450 4,450 4,450 4,450 4,450 4,450 4,450 4,450 4,450 4,450 4,450
Total Overheads 1,023,211 34,109 27,578 27,654 28,060 27,806 40,532 40,608 46,655 47,111 48,950 57,957 53,339 55,087
Trading Profit 938,086 33,971 42,907 42,954 42,669 43,044 30,438 127,416 18,643 20,553 118,982 11,608 15,813 113,249
Other operating income 11,750 - - - 4,500 - - - - - - - - 7,250
Bad debts 56,056 2,154 2,272 2,275 2,278 2,281 2,284 3,787 2,223 2,263 3,836 2,339 2,324 3,829
Profit/loss sale of fixed assets - - - - - - - - - - - - - -
Depreciation & Amortization 212,267 4,531 5,850 9,517 9,517 10,183 10,183 10,183 10,183 10,183 10,183 10,183 10,183 10,725
Operating Profit 681,514 27,286 34,785 31,162 35,375 30,580 17,971 113,446 6,237 8,106 104,963 (914) 3,306 105,946
Interest payable 31,426 2,201 3,450 1,474 1,257 1,312 1,312 1,293 1,293 1,293 1,274 1,274 1,245 1,226
Interest receivable 4,092 6 - - - 39 35 44 195 239 225 366 379 311
Extraordinary expenses 2,750 - 1,000 - - - - - - - - - - -
Extraordinary income 6,500 - - - - - - - 6,500 - - - - -
Net Profit before Tax 657,930 25,092 30,335 29,688 34,118 29,307 16,694 112,197 11,640 7,053 103,914 (1,822) 2,440 105,030
Taxes on income 197,379 9,871 9,871 9,871 9,871 9,871 9,871 9,871 9,871 9,871 9,045 9,045 9,045 9,045
Net Profit after Tax (NPAT) 460,551 15,221 20,465 19,817 24,247 19,437 6,823 102,326 1,769 (2,818) 94,868 (10,868) (6,605) 95,985
cumulated (33,500) (18,279) 2,185 22,002 46,250 65,686 72,510 174,836 176,605 173,787 268,655 257,787 251,182 347,168
Dividends (175,000) - - - - - - - - - - - - (175,000)

BS Account: Retained Earnings
Retained Earnings B/f (33,500) (18,279) 2,185 22,002 46,250 65,686 72,510 174,836 176,605 173,787 268,655 257,787 251,182
Net Profit (after dividend payout) 285,551 15,221 20,465 19,817 24,247 19,437 6,823 102,326 1,769 (2,818) 94,868 (10,868) (6,605) (79,015)
Retained Earnings C/f (33,500) (18,279) 2,185 22,002 46,250 65,686 72,510 174,836 176,605 173,787 268,655 257,787 251,182 172,168
Cash Flow (Direct) (all figures in USD)

Mar 19 Apr 19 May 19 Jun 19 Jul 19 Aug 19 Sep 19 Oct 19 Nov 19 Dec 19 Jan 20 Feb 20 Mar 20
Cash Inflows
Cash collected from sales (incl. VAT) 4,190,385 135,222 168,871 177,966 178,490 175,596 175,829 274,584 172,795 174,590 275,299 179,560 178,357 277,201
Changes in advances received - - 5,000 - - - - - - - - - - -
IFS 79 von 100

Other operating & extraordinary income 18,250 - - - 4,500 - - - 6,500 - - - - 7,250
Fixed asset disposals (intangible & tangible assets) - - - - - - - - - - - - - -
Interest received on cash deposits 4,092 6 - - - 39 35 44 195 239 225 366 379 311
Total Cash Inflows 4,212,727 135,228 173,871 177,966 182,990 175,635 175,864 274,628 179,490 174,830 275,524 179,926 178,736 284,762
Cash Outflows
Revenue share (43,066) (1,038) (1,799) (2,002) (2,005) (2,005) (2,005) (2,005) (1,984) (1,978) (2,090) (2,205) (2,205) (2,205)
Cost of Materials/Goods (incl. VAT) (1,711,771) (43,847) (87,181) (83,705) (83,379) (83,508) (83,525) (83,542) (82,537) (80,150) (83,470) (84,801) (83,223) (83,094)
Other Direct Costs (incl. VAT) (88,110) (3,005) (3,152) (3,214) (3,279) (3,347) (3,418) (4,634) (3,521) (3,632) (4,912) (3,863) (3,944) (5,185)
Overheads (incl. VAT) (932,264) (28,516) (26,321) (26,716) (27,178) (26,889) (37,855) (38,292) (42,446) (42,966) (45,063) (52,802) (48,238) (50,231)
Direct labor expenses (w/o social insurance + income tax) (120,826) (3,417) (3,417) (3,417) (3,417) (3,417) (3,417) (5,083) (6,750) (6,750) (6,750) (6,818) (6,818) (6,818)
Social insurance & income tax (PAYE/Payroll withholdings) (148,995) - (3,438) (5,938) (3,438) (3,438) (5,438) (5,208) (5,625) (7,604) (7,604) (7,604) (8,619) (8,619)
Extraordinary expenses (1,750) - - - - - - - - - - - - -
Capital Expenditure (incl. VAT) (558,550) (134,000) (255,200) - (6,400) (55,000) - - - - - - (48,950) -
Finance lease charges paid (2,125) - - - - (125) (125) (125) (125) (125) (125) (125) (125) (125)
Finance lease capital payments (2,750) - - - - - - (1,250) - - - - - -
Changes in advance payments (5,000) - - - - - - - - (10,000) - - - -
Utilisation of accruals (2,500) - - - (2,500) - - - - - - - - -
Interest paid (Debt 1-4) (9,084) (35) (35) (642) (443) (373) (373) (373) (373) (373) (373) (373) (344) (344)
Financing fees (Debt 1-4) (3,915) (1,333) (2,582) - - - - - - - - - - -
Interest paid (debt facilities existent at model start) (16,301) (833) (833) (833) (814) (814) (814) (795) (795) (795) (776) (776) (776) (758)
VAT paid/recovered to/from tax authority (66,895) - - - (12,100) - - (12,151) - - (11,952) - - (6,689)
Taxes on income paid (188,837) - - (26,667) - - (26,667) - - (26,667) - - (25,000) (8,837)
Total Cash Outflows (3,902,740) (216,023) (383,956) (153,132) (144,952) (178,915) (163,636) (153,459) (144,157) (181,040) (163,114) (159,367) (228,241) (172,904)
Financing
Equity
Share Capital 75,000 75,000 - - - - - - - - - - - -
Debt pos. = draw down; neg. = repayment
Debt Facilities (at model start) (35,000) - - (5,000) - - (5,000) - - (5,000) - - (5,000) -
Debt 1: UL Bank 78,238 795 79,205 - - - - - - - - - - -
Debt 2: HSBC Bank 20,000 - 40,000 - - - - - - - - (10,000) - -
Debt 3: UBS 50,000 - 60,000 - - - - - - - - - - -
Debt 4: Shareholder Loan - - 7,500 - - - - - - - - - - -
Overdraft facility (3,500) - 23,380 (19,834) (7,046) - - - - - - - - -
Total Financing 184,738 75,795 210,085 (24,834) (7,046) - (5,000) - - (5,000) - (10,000) (5,000) -
Cash flow available for equity (CFADS) (5,000) - - 30,992 (3,280) 7,228 121,169 35,333 (11,210) 112,410 10,559 (54,504) 111,858
Dividend payments (175,000) - - - - - - - - - - - - (175,000)

Net Cash Flow 319,725 (5,000) - - 30,992 (3,280) 7,228 121,169 35,333 (11,210) 112,410 10,559 (54,504) (63,142)
Cash B/f 5,000 - - - 30,992 27,712 34,940 156,109 191,443 180,232 292,642 303,201 248,697
Cash C/f 5,000 - - - 30,992 27,712 34,940 156,109 191,443 180,232 292,642 303,201 248,697 185,555
Check: Cash always ≥ 0 Ok - - - - - - - - - - - - -
Balance Sheet (all figures in USD)

Opening B. Mar 19 Apr 19 May 19 Jun 19 Jul 19 Aug 19 Sep 19 Oct 19 Nov 19 Dec 19 Jan 20 Feb 20 Mar 20
Intangible Assets 2,000 76,983 76,342 75,700 75,058 74,417 73,775 73,133 72,492 71,850 71,208 70,567 69,925 69,283
Tangible Assets 255,000 300,486 515,278 506,403 537,528 527,986 518,444 508,903 499,361 489,819 480,278 470,736 493,694 483,611
Financial Assets / Investments - - - - - 55,000 55,000 55,000 55,000 55,000 55,000 55,000 66,250 66,250
Total Non-current Assets 257,000 377,469 591,619 582,103 612,586 657,403 647,219 637,036 626,853 616,669 606,486 596,303 629,869 619,144
Inventory 12,000 16,570 18,390 18,390 18,390 18,390 18,390 18,390 17,845 17,845 19,225 19,225 19,225 19,225
Changes in advance payments - - - - - - - - 10,000 10,000 10,000 10,000 10,000
Accounts receivables 12,500 38,684 43,385 40,506 37,381 37,381 37,381 37,381 35,822 35,360 37,625 37,625 37,625 37,625
VAT owed to company 4,692 6,030 6,079 6,079 6,079 6,079 6,079 5,741 5,649 5,875 5,875 5,875 5,875
Cash at bank 5,000 - - - 30,992 27,712 34,940 156,109 191,443 180,232 292,642 303,201 248,697 185,555
Total Current Assets 29,500 59,945 67,805 64,975 92,842 89,562 96,790 217,959 250,851 249,085 365,368 375,927 321,422 258,281
Overdraft facility 3,500 3,500 26,880 7,046 - - - - - - - - - -
IFS 80 von 100

Changes in advances received - 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
Accounts Payables 10,000 42,992 40,924 40,736 40,844 40,855 40,866 40,877 38,580 39,126 41,406 40,588 40,459 40,471
Sundry Creditors 4,150 4,492 4,564 4,636 4,708 4,780 4,852 4,924 4,997 5,069 5,141 5,213 5,285
Accrued revenue share 708 914 917 917 917 917 917 908 905 1,020 1,020 1,020 1,020
Accruals 10,000 10,000 11,000 11,000 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500
Finance lease obligations - - - 40,000 40,000 40,000 38,750 38,750 38,750 38,750 38,750 38,750 38,750
Payroll withholdings owed 4,500 7,938 7,938 5,438 5,438 5,438 5,208 5,625 7,604 7,604 7,604 8,619 8,619 8,619
VAT owed by company 6,660 7,177 7,157 7,184 7,196 7,208 7,220 6,862 6,960 7,335 7,214 7,203 7,215
Taxes on income owed 9,871 19,742 2,946 12,816 22,687 5,891 15,762 25,633 8,837 17,882 26,927 10,973 11,181
VAT owed to tax authority 2,081 (21,327) (9,227) (15,656) (3,522) 8,630 8,157 19,838 31,790 31,133 43,184 49,872 54,716
Total Current Liabilities 28,000 87,899 102,739 75,575 109,679 131,779 127,000 135,660 156,600 152,468 163,699 184,942 175,610 180,758
Net current assets 1,500 (27,954) (34,934) (10,600) (16,836) (42,216) (30,210) 82,300 94,252 96,617 201,669 190,985 145,813 77,523
Total assets less current liabilities 258,500 349,516 556,685 571,502 595,750 615,186 617,010 719,336 721,105 713,287 808,155 787,287 775,682 696,668
Repayment ≤ Debt Facility ?
Debt Facilities (at model start) Ok 222,000 222,000 222,000 217,000 217,000 217,000 212,000 212,000 212,000 207,000 207,000 207,000 202,000 202,000
Debt 1: UL Bank Ok 795 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000
Debt 2: HSBC Bank Ok - 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 30,000 30,000 30,000
Debt 3: UBS Ok - 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000
Debt 4: Shareholder Loan Ok - 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500 7,500
Long-term Liabilities 222,000 222,795 409,500 404,500 404,500 404,500 399,500 399,500 399,500 394,500 394,500 384,500 379,500 379,500
NET ASSETS 36,500 126,721 147,185 167,002 191,250 210,686 217,510 319,836 321,605 318,787 413,655 402,787 396,182 317,168
Share Capital 70,000 145,000 145,000 145,000 145,000 145,000 145,000 145,000 145,000 145,000 145,000 145,000 145,000 145,000
Retained Earnings / (loss carried forward) (33,500) (18,279) 2,185 22,002 46,250 65,686 72,510 174,836 176,605 173,787 268,655 257,787 251,182 172,168
Shareholders Equity 36,500 126,721 147,185 167,002 191,250 210,686 217,510 319,836 321,605 318,787 413,655 402,787 396,182 317,168
Check opening balance => Ok
Check 1 Ok - - - - - - - - - - - - -
Check 2 Ok - - - - - - - - - - - -
IFS 81 von 100

1 1 1 1 1 1 1 1 - - -
Apr 20 May 20 Jun 20 Jul 20 Aug 20 Sep 20 Oct 20 Nov 20 Dec 20 Jan 21 Feb 21
36,300 36,300 36,300 36,300 36,300 36,300 36,300 44,000 - - -

27,600 27,600 27,600 27,600 27,600 27,600 25,300 25,300 - - -
14,740 14,740 14,740 15,400 15,400 15,400 15,400 15,400 - - -
8,250 8,250 8,250 8,250 8,250 8,250 8,250 9,300 - - -
5,203 5,255 5,308 5,361 5,414 5,468 5,523 5,578 - - -
12,720 12,720 12,720 12,720 12,720 12,720 12,720 12,720 - - -
20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 - - -
21,573 21,788 22,006 22,226 22,448 22,673 22,900 23,129 - - -
9,075 9,075 9,075 9,075 9,075 9,075 9,075 11,000 - - -
- - 100,050 - - 100,060 - - - - -
155,461 155,728 256,049 156,932 157,208 257,546 155,468 166,427 - - -
71,675 71,705 71,736 71,767 71,798 71,829 70,261 76,707 - - -

8,501 8,501 8,501 8,501 8,501 8,501 8,501 8,501 - - -
5,845 5,942 7,044 6,157 6,269 7,387 6,372 6,713 - - -
86,021 86,148 87,281 86,425 86,568 87,717 85,133 91,920 - - -
69,439 69,580 168,768 70,507 70,640 169,829 70,334 74,507 - - -
44.7% 44.7% 65.9% 44.9% 44.9% 65.9% 45.2% 44.8% - - -
12,479 12,481 12,483 12,486 12,488 12,490 12,493 12,495 - - -

14,307 14,377 14,447 14,517 14,587 18,683 18,753 18,823 - - -
23,439 22,445 23,951 21,969 21,974 23,981 22,269 22,159 - - -
5,199 5,199 5,199 5,199 5,199 5,199 5,199 5,199 - - -
4,450 4,450 4,450 4,450 4,450 4,450 4,450 4,450 - - -
59,874 58,951 60,530 58,620 58,698 64,804 63,165 63,126 - - -
9,566 10,629 108,238 11,887 11,942 105,026 7,170 11,381 - - -
- - - - - - - - - - -
2,332 2,336 3,841 2,354 2,358 3,863 2,332 2,496 - - -
- - - - - - - - - - -
10,725 11,419 11,419 11,419 11,419 11,419 11,419 11,419 - - -
(3,491) (3,127) 92,977 (1,886) (1,835) 89,743 (6,582) (2,535) - - -
1,226 1,976 1,166 1,160 1,910 1,112 1,112 1,862 - - -
232 188 158 277 303 276 400 419 - - -
- - - - 1,750 - - - - - -
- - - - - - - - - - -
(4,485) (4,915) 91,969 (2,768) (5,192) 88,907 (7,293) (3,978) - - -
9,045 9,045 9,045 9,045 9,045 9,045 9,045 9,045 - - -
(13,531) (13,960) 82,924 (11,814) (14,237) 79,862 (16,338) (13,023) - - -
333,637 319,677 402,601 390,788 376,551 456,413 440,074 427,051 - - -
- - - - - - - - - - -
172,168 158,637 144,677 227,601 215,788 201,551 281,413 265,074 - - -

(13,531) (13,960) 82,924 (11,814) (14,237) 79,862 (16,338) (13,023) - - -
158,637 144,677 227,601 215,788 201,551 281,413 265,074 252,051 - - -
178,969 179,279 278,142 180,481 180,944 279,826 180,347 188,036 - - -

- (3,000) - - - - (2,000) - - - -
IFS 82 von 100

- - - - - - - - - - -
- - - - - - - - - - -
232 188 158 277 303 276 400 419 - - -
179,201 176,468 278,300 180,759 181,247 280,102 178,747 188,454 - - -
(2,205) (2,205) (2,205) (2,205) (2,205) (2,205) (2,148) (2,164) - - -

(83,129) (83,164) (83,199) (83,350) (83,347) (83,307) (82,016) (84,297) - - -
(4,150) (4,260) (5,517) (4,506) (4,633) (5,908) (4,881) (5,150) - - -
(53,901) (53,060) (54,859) (52,682) (52,771) (58,420) (56,551) (56,508) - - -
(6,818) (6,818) (6,818) (6,818) (6,818) (6,818) (6,818) (6,818) - - -
(8,619) (9,473) (9,473) (9,473) (9,473) (9,473) (10,220) (10,220) - - -
- - - - (1,750) - - - - - -
(59,000) - - - - - - - - - -
(125) (125) (125) (125) (125) (125) (125) (125) - - -
- - - - - (1,500) - - - - -
5,000 - - - - - - - - - -
- - - - - - - - - - -
(344) (1,094) (302) (296) (1,046) (267) (267) (1,017) - - -
- - - - - - - - - - -
(758) (758) (739) (739) (739) (720) (720) (720) - - -
- - (11,911) - - (12,093) - - - - -
- (25,000) - - (25,000) - - (25,000) - - -
(214,048) (185,956) (175,147) (160,192) (187,906) (180,835) (163,745) (192,017) - - -
- - - - - - - - - - -
- (5,000) - - (5,000) - - (5,000) - - -

- - - - - - - (1,762) - - -
- - - - (10,000) - - - - - -
- (10,000) - - - - - - - - -
- - (7,500) - - - - - - - -
- - - - - - - - - - -
- (15,000) (7,500) - (15,000) - - (6,762) - - -
(34,847) (24,488) 95,652 20,567 (21,659) 99,267 15,002 (10,325) - - -
- - - - - - - - - - -
(34,847) (24,488) 95,652 20,567 (21,659) 99,267 15,002 (10,325) - - -

185,555 150,709 126,221 221,873 242,439 220,781 320,048 335,050 - - -
150,709 126,221 221,873 242,439 220,781 320,048 335,050 324,725 - - -
- - - - - - - - - - -
68,642 68,000 67,358 66,717 66,075 65,433 64,792 64,150 - - -

523,528 512,750 501,972 491,194 480,417 469,639 458,861 448,083 - - -
66,250 66,250 66,250 66,250 66,250 66,250 66,250 66,250 - - -
658,419 647,000 635,581 624,161 612,742 601,322 589,903 578,483 - - -
19,225 19,225 19,225 19,390 19,390 19,390 18,700 20,240 - - -

5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 - - -
37,625 37,625 37,625 37,755 37,755 37,755 36,622 39,966 - - -
5,875 5,875 5,875 5,888 5,888 5,888 5,775 6,444 - - -
150,709 126,221 221,873 242,439 220,781 320,048 335,050 324,725 - - -
218,434 193,946 289,598 310,473 288,814 388,081 401,147 396,375 - - -
- - - - - - - - - - -
IFS 83 von 100

5,000 2,000 2,000 2,000 2,000 2,000 - - - - -
40,483 40,495 40,508 40,586 40,533 40,545 39,413 44,990 - - -
5,358 5,430 5,502 5,575 5,647 5,719 5,792 5,864 - - -
1,020 1,020 1,020 1,020 1,020 1,020 963 994 93 - -
8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 - - -
38,750 38,750 38,750 38,750 38,750 37,250 37,250 37,250 - - -
9,473 9,473 9,473 9,473 9,473 10,220 10,220 10,220 - - -
7,227 7,239 7,252 7,274 7,276 7,288 7,117 8,019 - - -
20,226 4,271 13,316 22,361 6,406 15,452 24,497 8,542 - - -
57,679 69,590 69,257 81,307 93,400 92,996 105,224 118,189 - - -
193,717 186,769 195,577 216,846 213,005 220,990 238,975 242,569 93 - -
24,717 7,177 94,021 93,627 75,809 167,091 162,172 153,806 (93) - -

683,137 654,177 729,601 717,788 688,551 768,413 752,074 732,289 (93) - -
202,000 197,000 197,000 197,000 192,000 192,000 192,000 187,000 - - -

80,000 80,000 80,000 80,000 80,000 80,000 80,000 78,238 - - -
30,000 30,000 30,000 30,000 20,000 20,000 20,000 20,000 - - -
60,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 - - -
7,500 7,500 - - - - - - - - -
379,500 364,500 357,000 357,000 342,000 342,000 342,000 335,238 - - -
303,637 289,677 372,601 360,788 346,551 426,413 410,074 397,051 (93) - -
145,000 145,000 145,000 145,000 145,000 145,000 145,000 145,000 - - -

158,637 144,677 227,601 215,788 201,551 281,413 265,074 252,051 - - -
303,637 289,677 372,601 360,788 346,551 426,413 410,074 397,051 - - -
- - - - - - - - - - -
- - - - - - - - - - -
IFS 84 von 100

Receivables & Payables (Working Capital)
Month of model # 1 2 3 4 5 6 7 8 9 10 11 12
Flag: Month of model > 1M [0;1] - 1 1 1 1 1 1 1 1 1 1 1
Flag: Month of model > 2M [0;1] - - 1 1 1 1 1 1 1 1 1 1
Flag: Month of model > 3M [0;1] - - - 1 1 1 1 1 1 1 1 1
Receivables
Cash in Sales (net of bad debts) Same Month 1M later 2M later 3M later Total
Desktops USD 60.0% 30.0% 10.0% - 786,621 22,754 35,430 39,873 40,090 40,090 40,090 40,090 37,489 36,189 35,756 35,756 35,756
Workstations USD 50.0% 50.0% - - 521,065 9,062 20,390 22,655 22,655 22,655 22,655 22,655 22,655 22,655 24,921 27,186 27,186
Notebooks USD 80.0% 20.0% - - 298,908 10,559 13,199 13,199 13,199 13,199 13,199 13,199 14,255 14,519 14,519 14,519 14,519
Software Products USD 70.0% 20.0% 10.0% - 173,459 5,688 7,520 8,392 8,422 8,422 8,422 8,422 8,215 8,156 8,126 8,126 8,126
Net work infrastructure solutions USD 100.0% - - - 102,846 4,433 4,433 4,433 4,433 4,433 4,433 4,433 4,433 4,925 4,925 4,974 5,024
Repair Services USD 100.0% - - - 276,895 13,782 13,782 13,782 13,782 13,782 13,782 13,782 13,782 13,782 13,782 13,782 12,529
Integration Services USD 100.0% - - - 397,940 17,730 17,730 17,730 17,730 17,730 17,730 17,730 17,730 19,700 19,700 19,700 19,700
Consulting Services USD 100.0% - - - 433,891 18,671 18,857 19,046 19,236 19,429 19,623 19,819 20,017 20,218 20,420 20,624 20,830
Spare Parts USD 100.0% - - - 196,655 9,481 10,022 10,022 10,022 10,022 10,022 10,022 8,939 8,939 8,939 8,939 8,939
License Fees USD 100.0% - - - 492,697 - - - - - - 98,520 - - 98,530 - -
Phasing out of opening BS (Accounts Receivables) USD 12,500 4 Month(s) Phasing out period 12,500 3,125 3,125 3,125 3,125 - - - - - - - -
Total receipts USD 3,693,478 115,284 144,489 152,257 152,694 149,761 149,955 248,671 147,515 149,082 249,617 153,606 152,609
BS Account: Accounts Receivables

Balance B/f USD 12,500 38,684 43,385 40,506 37,381 37,381 37,381 37,381 35,822 35,360 37,625 37,625
Sales (net of bad debts) USD 3,680,978 141,468 149,190 149,378 149,569 149,761 149,955 248,671 145,957 148,619 251,882 153,606 152,609
Cash receipts USD (3,693,478) (115,284) (144,489) (152,257) (152,694) (149,761) (149,955) (248,671) (147,515) (149,082) (249,617) (153,606) (152,609)
Balance C/f USD Opening BS 12,500 38,684 43,385 40,506 37,381 37,381 37,381 37,381 35,822 35,360 37,625 37,625 37,625
VAT receipts (on cash received basis) Same Month 1M later 2M later 3M later Total
Desktops USD 60.0% 30.0% 10.0% - 157,324 4,551 7,086 7,975 8,018 8,018 8,018 8,018 7,498 7,238 7,151 7,151 7,151
Workstations USD 50.0% 50.0% - - 52,107 906 2,039 2,266 2,266 2,266 2,266 2,266 2,266 2,266 2,492 2,719 2,719
Notebooks USD 80.0% 20.0% - - 29,891 1,056 1,320 1,320 1,320 1,320 1,320 1,320 1,425 1,452 1,452 1,452 1,452
Software Products USD 70.0% 20.0% 10.0% - 34,692 1,138 1,504 1,678 1,684 1,684 1,684 1,684 1,643 1,631 1,625 1,625 1,625
Net work infrastructure solutions USD 100.0% - - - 8,228 355 355 355 355 355 355 355 355 394 394 398 402
Repair Services USD 100.0% - - - 55,379 2,756 2,756 2,756 2,756 2,756 2,756 2,756 2,756 2,756 2,756 2,756 2,506
Integration Services USD 100.0% - - - 79,588 3,546 3,546 3,546 3,546 3,546 3,546 3,546 3,546 3,940 3,940 3,940 3,940
Consulting Services USD 100.0% - - - 86,778 3,734 3,771 3,809 3,847 3,886 3,925 3,964 4,003 4,044 4,084 4,125 4,166
Spare Parts USD 100.0% - - - 39,331 1,896 2,004 2,004 2,004 2,004 2,004 2,004 1,788 1,788 1,788 1,788 1,788
License Fees USD 100.0% - - - - - - - - - - - - - - - -
Total VAT receipts USD 543,317 19,938 24,382 25,709 25,796 25,835 25,874 25,913 25,280 25,508 25,682 25,954 25,748
BS Account: VAT owed to company

Balance B/f USD - 4,692 6,030 6,079 6,079 6,079 6,079 6,079 5,741 5,649 5,875 5,875
Output VAT USD 543,317 24,629 25,721 25,758 25,796 25,835 25,874 25,913 24,942 25,415 25,909 25,954 25,748
VAT received USD (543,317) (19,938) (24,382) (25,709) (25,796) (25,835) (25,874) (25,913) (25,280) (25,508) (25,682) (25,954) (25,748)
Balance C/f USD 4,692 6,030 6,079 6,079 6,079 6,079 6,079 5,741 5,649 5,875 5,875 5,875
Payables
1 Accounts Payables
Payments
(Material/Packaging & Goods) incl. inventory changes Same Month 1M later 2M later 3M later Total
Desktops USD 25.0% 75.0% - - 438,400 5,675 22,685 22,530 22,200 22,200 22,200 22,200 21,380 19,140 19,800 19,800 19,800
Workstations USD 50.0% 50.0% - - 374,840 8,785 17,475 16,690 16,000 16,000 16,000 16,000 16,000 16,000 18,290 19,890 19,200
Notebooks USD 60.0% 40.0% - - 178,550 4,110 7,540 8,000 8,000 8,000 8,000 8,000 8,681 8,934 8,800 8,800 8,800
Software Products USD - 70.0% 20.0% 10.0% 128,390 - 3,710 5,449 6,173 6,270 6,270 6,270 6,270 6,116 6,072 6,050 6,050
Net work infrastructure solutions USD 100.0% - - - 27,271 1,125 1,125 1,125 1,125 1,125 1,125 1,125 1,125 1,250 1,250 1,364 1,377
Repair Services USD 80.0% 20.0% - - 161,608 6,716 8,395 8,395 8,395 8,395 8,395 8,395 8,395 8,395 8,395 7,836 7,136
Debtors+Creditors 85 von 100

Integration Services USD 25.0% 75.0% - - 20,200 225 900 900 900 900 900 900 900 925 1,000 1,000 1,000
Consulting Services USD 25.0% 75.0% - - 33,037 355 1,425 1,439 1,454 1,468 1,483 1,498 1,513 1,528 1,543 1,559 1,574
Spare Parts USD 90.0% 10.0% - - 149,738 6,497 7,590 7,631 7,631 7,631 7,631 7,631 6,889 6,806 6,806 6,806 6,806
License Fees USD 100.0% - - - - - - - - - - - - - - - -
Phasing out of opening BS (Accounts Payables) USD 10,000 2 Month(s) Phasing out period 10,000 5,000 5,000 - - - - - - - - - -
Total payments USD 1,522,034 38,488 75,845 72,160 71,878 71,990 72,004 72,019 71,153 69,094 71,957 73,104 71,744
BS Account: Accounts Payables

Balance B/f USD 10,000 42,992 40,924 40,736 40,844 40,855 40,866 40,877 38,580 39,126 41,406 40,588
Payable USD 1,512,034 71,481 73,777 71,972 71,986 72,001 72,016 72,031 68,856 69,641 74,236 72,286 71,615
Paid USD (1,522,034) (38,488) (75,845) (72,160) (71,878) (71,990) (72,004) (72,019) (71,153) (69,094) (71,957) (73,104) (71,744)
Balance C/f USD Check Ok Opening BS 10,000 42,992 40,924 40,736 40,844 40,855 40,866 40,877 38,580 39,126 41,406 40,588 40,459
VAT payments (Material/Packaging & Goods) Subject to input taxes VAT Rate
VAT on Material/Packaging & Goods (on cash paid basis) USD 80.0% 20.0% 241,925 5,358 11,335 11,546 11,501 11,518 11,521 11,523 11,384 11,055 11,513 11,697 11,479
2 Revenue share Based on payment profile debtors

Revenue share (cash out) Same Month 1M later 2M later 3M later Total
Desktops USD 60.0% 30.0% 10.0% - - - - - - - - - - - - - -
Workstations USD 50.0% 50.0% - - 26,450 460 1,035 1,150 1,150 1,150 1,150 1,150 1,150 1,150 1,265 1,380 1,380
Notebooks USD 80.0% 20.0% - - - - - - - - - - - - - - -
Software Products USD 70.0% 20.0% 10.0% - 17,610 578 764 852 855 855 855 855 834 828 825 825 825
Net work infrastructure solutions USD 100.0% - - - - - - - - - - - - - - - -
Repair Services USD 100.0% - - - - - - - - - - - - - - - -
Integration Services USD 100.0% - - - - - - - - - - - - - - - -
Consulting Services USD 100.0% - - - - - - - - - - - - - - - -
Spare Parts USD 100.0% - - - - - - - - - - - - - - - -
License Fees USD 100.0% - - - - - - - - - - - - - - - -
Total cash out revenue share USD 44,060 1,038 1,799 2,002 2,005 2,005 2,005 2,005 1,984 1,978 2,090 2,205 2,205
BS Account: Accrued revenue share

Balance B/f USD - 708 914 917 917 917 917 917 908 905 1,020 1,020
Payable USD 44,060 1,745 2,005 2,005 2,005 2,005 2,005 2,005 1,975 1,975 2,205 2,205 2,205
Paid USD (44,060) (1,038) (1,799) (2,002) (2,005) (2,005) (2,005) (2,005) (1,984) (1,978) (2,090) (2,205) (2,205)
Balance C/f USD 708 914 917 917 917 917 917 908 905 1,020 1,020 1,020
3 Other Direct Expenses

Other Direct Expenses (w/o revenue share) => cash out
Energy costs (of production & manufacturing) Credit Periods
Utilities USD - 35,719 1,000 1,050 1,103 1,158 1,216 1,276 1,340 1,407 1,477 1,551 1,629 1,710
Gas USD - 4,200 200 200 200 200 200 200 200 200 200 200 200 200
Oil USD - - - - - - - - - - - - - -
Third-party services
Subcontract 01 USD - - - - - - - - - - - - - -
Subcontract 01 USD - - - - - - - - - - - - - -
Subcontract 01 USD - - - - - - - - - - - - - -
Other
Shipping & postage expense USD - 37,370 1,436 1,515 1,517 1,518 1,520 1,522 2,525 1,482 1,509 2,557 1,559 1,549
Repairs & maintenance USD - - - - - - - - - - - - - -
Consumables 01 USD - - - - - - - - - - - - - -
Consumables 02 USD - - - - - - - - - - - - - -
Consumables 03 USD - - - - - - - - - - - - - -
Consumables 04 USD - - - - - - - - - - - - - -
Total cash out other direct expenses USD 77,290 2,636 2,765 2,819 2,876 2,936 2,999 4,065 3,089 3,186 4,309 3,388 3,460
BS Account: Sundry Creditors (direct expenses)

Balance B/f USD - - - - - - - - - - - -
Payable USD 77,290 2,636 2,765 2,819 2,876 2,936 2,999 4,065 3,089 3,186 4,309 3,388 3,460

Paid USD (77,290) (2,636) (2,765) (2,819) (2,876) (2,936) (2,999) (4,065) (3,089) (3,186) (4,309) (3,388) (3,460)
Balance C/f USD - - - - - - - - - - - -
VAT on other direct expenses Subject to input taxes VAT Rate

VAT on other direct expenses(on cash paid basis) USD 70.0% 20.0% 10,821 369 387 395 403 411 420 569 432 446 603 474 484
4 Overhead Expenses
Overhead Expenses (w/o payroll expenses) => cash out
Management &Administration Expenses Credit Periods
Communication (Internet, Phone, Mobile etc.) USD 1 4,648 - 200 202 204 206 208 210 212 214 217 219 221
Office Supplies USD 1 1,050 - 50 50 50 50 50 50 50 50 50 50 50
Travel & Entertainment USD - 14,050 650 650 650 650 650 650 650 650 650 650 650 650
Vehicle Expenses USD - - - - - - - - - - - - - -
Miscellaneous 01 USD - - - - - - - - - - - - - -
Operational Expenses
Power USD 1 22,000 - 500 600 650 700 750 800 850 900 950 1,000 1,050
Heat and light USD 1 8,800 - 200 240 260 280 300 320 340 360 380 400 420
Cleaning USD - - - - - - - - - - - - - -
Repairs and maintenance USD - - - - - - - - - - - - - -
Licence fees USD - - - - - - - - - - - - - -
Salesforce Expenses
Freight/distribution expenses USD - 57,680 2,640 2,640 2,640 2,640 2,640 2,640 2,640 2,800 2,800 2,800 2,800 2,800
Selling expenses/commission USD - 74,741 2,872 3,029 3,033 3,037 3,041 3,045 5,049 2,964 3,018 5,114 3,119 3,099
Promotional materials (advertising, brochures etc.) USD - 11,550 550 550 550 550 550 550 550 550 550 550 550 550
Public relations, exhibitions USD - - - - - - - - - - - - - -
Travel expenses USD - - - - - - - - - - - - - -
Marketing campaign / Promotion 01 USD - 2,650 330 - - 330 - - 500 - 330 - - 330
Marketing campaign / Promotion 02 USD - - - - - - - - - - - - - -
Research & Development Expenses
Consultancy USD - - - - - - - - - - - - - -
Materials USD - - - - - - - - - - - - - -
Design, construction & testing of prototypes USD - - - - - - - - - - - - - -
General & Other Expenses
Rent and rates USD 1 63,000 - 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000
Additional property expenses (Heat, Light etc.) USD - 18,900 900 900 900 900 900 900 900 900 900 900 900 900
Professional fees (Legal, Tax, Audit etc.) USD 2 4,200 - - 200 200 200 200 200 200 200 200 200 200
Insurances / charges / contributions USD - 7,350 350 350 350 350 350 350 350 350 350 350 350 350
Patents & Trademarks USD - - - - - - - - - - - - - -
Establishment (Start-up costs) USD - - - - - - - - - - - - - -
Total cash out overheads (w/o payroll expenses) USD 290,619 8,292 12,069 12,415 12,821 12,567 12,643 15,219 12,866 13,322 15,161 13,238 13,620
BS Account: Sundry Creditors (overheads)

Balance B/f USD - 4,150 4,492 4,564 4,636 4,708 4,780 4,852 4,924 4,997 5,069 5,141
Payable USD 290,619 12,442 12,411 12,487 12,893 12,639 12,715 15,291 12,938 13,394 15,233 13,310 13,692
Paid USD (290,619) (8,292) (12,069) (12,415) (12,821) (12,567) (12,643) (15,219) (12,866) (13,322) (15,161) (13,238) (13,620)
Balance C/f USD 4,150 4,492 4,564 4,636 4,708 4,780 4,852 4,924 4,997 5,069 5,141 5,213

VAT payments (overheads) Subject to input taxes VAT Rate
VAT on overheads (on cash paid basis) USD 70.0% 20.0% 40,687 1,161 1,690 1,738 1,795 1,759 1,770 2,131 1,801 1,865 2,123 1,853 1,907
5 Summary: VAT owed by company

BS Account: VAT owed to company
Balance B/f USD - 6,660 7,177 7,157 7,184 7,196 7,208 7,220 6,862 6,960 7,335 7,214
Input VAT USD 293,433 13,548 13,929 13,658 13,725 13,701 13,722 14,235 13,261 13,464 14,614 13,903 13,860
VAT paid USD (293,433) (6,888) (13,412) (13,678) (13,698) (13,689) (13,711) (14,223) (13,618) (13,366) (14,239) (14,024) (13,870)
Balance C/f USD 6,660 7,177 7,157 7,184 7,196 7,208 7,220 6,862 6,960 7,335 7,214 7,203
6 Payroll Withholdings
BS Account: Payroll withholdings owed => Social insurances & income taxes
Balance B/f USD Total 4,500 7,938 7,938 5,438 5,438 5,438 5,208 5,625 7,604 7,604 7,604 8,619
Payable USD 154,715 3,438 3,438 3,438 3,438 3,438 5,208 5,625 7,604 7,604 7,604 8,619 8,619
Paid (following month) USD (159,215) - (3,438) (5,938) (3,438) (3,438) (5,438) (5,208) (5,625) (7,604) (7,604) (7,604) (8,619)
Balance C/f USD 4,500 7,938 7,938 5,438 5,438 5,438 5,208 5,625 7,604 7,604 7,604 8,619 8,619
Working Capital => in commerical version only

Inventory / Stock (manufacturing & merchandise)
Advance payments
Accounts receivables
Negative Working Capital
Advances received
Trade + Sundry creditors
Positive Working Capital
Net Working Capital

1 1 1 1 1 1 1 1 1 - - -
13 14 15 16 17 18 19 20 21 22 23 24
1 1 1 1 1 1 1 1 1 1 1 1
1 1 1 1 1 1 1 1 1 1 1 1
1 1 1 1 1 1 1 1 1 1 1 1
35,756 35,756 35,756 35,756 35,756 35,756 35,756 35,756 40,306 16,578 4,334 -
27,186 27,186 27,186 27,186 27,186 27,186 27,186 26,053 24,921 12,460 - -
14,519 14,519 14,519 14,519 15,039 15,169 15,169 15,169 15,169 3,034 - -
8,126 8,126 8,126 8,126 8,126 8,126 8,126 8,126 8,850 2,645 916 -
5,074 5,125 5,176 5,228 5,280 5,333 5,386 5,440 5,495 - - -
12,529 12,529 12,529 12,529 12,529 12,529 12,529 12,529 12,529 - - -
19,700 19,700 19,700 19,700 19,700 19,700 19,700 19,700 19,700 - - -
21,039 21,249 21,461 21,676 21,893 22,112 22,333 22,556 22,782 - - -
8,939 8,939 8,939 8,939 8,939 8,939 8,939 8,939 10,835 - - -
98,539 - - 98,549 - - 98,559 - - - - -
- - - - - - - - - - - -
251,407 153,129 153,392 252,208 154,448 154,850 253,683 154,269 160,587 34,716 5,250 -
37,625 37,625 37,625 37,625 37,625 37,755 37,755 37,755 36,622 39,966 5,250 -
251,407 153,129 153,392 252,208 154,578 154,850 253,683 153,136 163,931 - - -
(251,407) (153,129) (153,392) (252,208) (154,448) (154,850) (253,683) (154,269) (160,587) (34,716) (5,250) -
37,625 37,625 37,625 37,625 37,755 37,755 37,755 36,622 39,966 5,250 - -
7,151 7,151 7,151 7,151 7,151 7,151 7,151 7,151 8,061 3,316 867 -
2,719 2,719 2,719 2,719 2,719 2,719 2,719 2,605 2,492 1,246 - -
1,452 1,452 1,452 1,452 1,504 1,517 1,517 1,517 1,517 303 - -
1,625 1,625 1,625 1,625 1,625 1,625 1,625 1,625 1,770 529 183 -
406 410 414 418 422 427 431 435 440 - - -
2,506 2,506 2,506 2,506 2,506 2,506 2,506 2,506 2,506 - - -
3,940 3,940 3,940 3,940 3,940 3,940 3,940 3,940 3,940 - - -
4,208 4,250 4,292 4,335 4,379 4,422 4,467 4,511 4,556 - - -
1,788 1,788 1,788 1,788 1,788 1,788 1,788 1,788 2,167 - - -
- - - - - - - - - - - -
25,794 25,840 25,887 25,934 26,033 26,094 26,143 26,079 27,449 5,394 1,050 -
5,875 5,875 5,875 5,875 5,875 5,888 5,888 5,888 5,775 6,444 1,050 (0)
25,794 25,840 25,887 25,934 26,046 26,094 26,143 25,965 28,118 - - -
(25,794) (25,840) (25,887) (25,934) (26,033) (26,094) (26,143) (26,079) (27,449) (5,394) (1,050) -
5,875 5,875 5,875 5,875 5,888 5,888 5,888 5,775 6,444 1,050 (0) (0)
19,800 19,800 19,800 19,800 19,800 19,800 19,800 19,800 21,235 19,155 - -
19,200 19,200 19,200 19,200 19,200 19,200 19,200 18,055 17,255 8,800 - -
8,800 8,800 8,800 8,800 8,899 8,866 8,800 8,800 8,800 3,520 - -
6,050 6,050 6,050 6,050 6,050 6,050 6,050 6,050 6,050 6,589 1,969 682
1,391 1,405 1,419 1,433 1,447 1,462 1,476 1,491 1,506 - - -
6,996 6,996 6,996 6,996 6,996 6,996 6,996 6,996 6,996 1,399 - -

1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 750 - -
1,590 1,606 1,622 1,638 1,655 1,671 1,688 1,705 1,722 1,301 - -
6,806 6,806 6,806 6,806 6,806 6,806 6,806 6,806 8,106 825 - -
- - - - - - - - - - - -
- - - - - - - - - - - -
71,633 71,663 71,693 71,724 71,853 71,851 71,817 70,703 72,670 42,339 1,969 682
40,459 40,471 40,483 40,495 40,508 40,586 40,533 40,545 39,413 44,990 2,651 682
71,645 71,675 71,705 71,736 71,932 71,798 71,829 69,571 78,247 - - -
(71,633) (71,663) (71,693) (71,724) (71,853) (71,851) (71,817) (70,703) (72,670) (42,339) (1,969) (682)
40,471 40,483 40,495 40,508 40,586 40,533 40,545 39,413 44,990 2,651 682 -
11,461 11,466 11,471 11,476 11,497 11,496 11,491 11,313 11,627 6,774 315 109
- - - - - - - - - - - -
1,380 1,380 1,380 1,380 1,380 1,380 1,380 1,323 1,265 633 - -
- - - - - - - - - - - -
825 825 825 825 825 825 825 825 899 269 93 -
- - - - - - - - - - - -
- - - - - - - - - - - -
- - - - - - - - - - - -
- - - - - - - - - - - -
- - - - - - - - - - - -
- - - - - - - - - - - -
2,205 2,205 2,205 2,205 2,205 2,205 2,205 2,148 2,164 901 93 -
1,020 1,020 1,020 1,020 1,020 1,020 1,020 1,020 963 994 93 -
2,205 2,205 2,205 2,205 2,205 2,205 2,205 2,090 2,195 - - -
(2,205) (2,205) (2,205) (2,205) (2,205) (2,205) (2,205) (2,148) (2,164) (901) (93) -
1,020 1,020 1,020 1,020 1,020 1,020 1,020 963 994 93 - -
1,796 1,886 1,980 2,079 2,183 2,292 2,407 2,527 2,653 - - -

200 200 200 200 200 200 200 200 200 - - -
- - - - - - - - - - - -
- - - - - - - - - - - -
- - - - - - - - - - - -
- - - - - - - - - - - -
2,552 1,555 1,557 2,560 1,569 1,572 2,575 1,555 1,664 - - -

- - - - - - - - - - - -
- - - - - - - - - - - -
- - - - - - - - - - - -
- - - - - - - - - - - -
- - - - - - - - - - - -
4,548 3,640 3,737 4,839 3,952 4,064 5,182 4,282 4,518 - - -
- - - - - - - - - - - -
4,548 3,640 3,737 4,839 3,952 4,064 5,182 4,282 4,518 - - -

(4,548) (3,640) (3,737) (4,839) (3,952) (4,064) (5,182) (4,282) (4,518) - - -
- - - - - - - - - - - -
637 510 523 678 553 569 725 599 632 - - -
223 225 228 230 232 235 237 239 242 244 - -
50 50 50 50 50 50 50 50 50 50 - -
650 700 700 700 700 700 700 700 700 - - -
- - - - - - - - - - - -
- - - - - - - - - - - -
- - - - - - - - - - - -
- - - - - - - - - - - -
1,100 1,150 1,200 1,250 1,300 1,350 1,400 1,450 1,500 1,550 - -
440 460 480 500 520 540 560 580 600 620 - -
- - - - - - - - - - - -
- - - - - - - - - - - -
- - - - - - - - - - - -
- - - - - - - - - - - -
- - - - - - - - - - - -
2,800 2,800 2,800 2,800 2,800 2,800 2,800 2,800 2,800 - - -

5,105 3,109 3,115 5,121 3,139 3,144 5,151 3,109 3,329 - - -
550 550 550 550 550 550 550 550 550 - - -
- - - - - - - - - - - -
- - - - - - - - - - - -
- - 500 - - - - 330 - - - -
- - - - - - - - - - - -
- - - - - - - - - - - -
- - - - - - - - - - - -
- - - - - - - - - - - -
- - - - - - - - - - - -
- - - - - - - - - - - -
- - - - - - - - - - - -
- - - - - - - - - - - -
3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 - -
900 900 900 900 900 900 900 900 900 - - -
200 200 200 200 200 200 200 200 200 200 200 -
350 350 350 350 350 350 350 350 350 - - -
- - - - - - - - - - - -
- - - - - - - - - - - -
- - - - - - - - - - - -
- - - - - - - - - - - -
- - - - - - - - - - - -
- - - - - - - - - - - -
15,368 13,495 14,072 15,651 13,741 13,819 15,898 14,259 14,220 5,664 200 -
5,213 5,285 5,358 5,430 5,502 5,575 5,647 5,719 5,792 5,864 200 -
15,440 13,567 14,144 15,723 13,813 13,891 15,970 14,331 14,293 - - -
(15,368) (13,495) (14,072) (15,651) (13,741) (13,819) (15,898) (14,259) (14,220) (5,664) (200) -
5,285 5,358 5,430 5,502 5,575 5,647 5,719 5,792 5,864 200 - -

2,151 1,889 1,970 2,191 1,924 1,935 2,226 1,996 1,991 793 28 -
7,203 7,215 7,227 7,239 7,252 7,274 7,276 7,288 7,117 8,019 452 109
14,262 13,877 13,976 14,356 13,996 14,001 14,454 13,737 15,153 - - -
(14,250) (13,865) (13,964) (14,344) (13,974) (14,000) (14,442) (13,908) (14,250) (7,567) (343) (109)
7,215 7,227 7,239 7,252 7,274 7,276 7,288 7,117 8,019 452 109 -
8,619 8,619 9,473 9,473 9,473 9,473 9,473 10,220 10,220 10,220 - -
8,619 9,473 9,473 9,473 9,473 9,473 10,220 10,220 10,220 - - -
(8,619) (8,619) (9,473) (9,473) (9,473) (9,473) (9,473) (10,220) (10,220) (10,220) - -
8,619 9,473 9,473 9,473 9,473 9,473 10,220 10,220 10,220 - - -

Taxes
Calendar Year (Counter) # 1 1 1 1 1 1 1 1 1 2 2 2
Input/output Tax (VAT)
1 Input/output tax payable

VAT on sales USD output tax 543,317 24,629 25,721 25,758 25,796 25,835 25,874 25,913 24,942 25,415 25,909 25,954 25,748
VAT on cost of materials/goods USD input tax (241,925) (11,437) (11,804) (11,515) (11,518) (11,520) (11,522) (11,525) (11,017) (11,143) (11,878) (11,566) (11,458)
VAT on other direct costs (w/o revenue share) USD input tax (10,821) (369) (387) (395) (403) (411) (420) (569) (432) (446) (603) (474) (484)
VAT on overheads (non-payroll expenses only) USD input tax (40,687) (1,742) (1,738) (1,748) (1,805) (1,769) (1,780) (2,141) (1,811) (1,875) (2,133) (1,863) (1,917)
VAT on capex USD input tax (64,800) (9,000) (35,200) - (6,400) - - - - - - - (5,200)
VAT payable / (recoverable) USD 185,085 2,081 (23,408) 12,100 5,671 12,134 12,151 11,678 11,681 11,952 11,295 12,050 6,689
Check: VAT
VAT: Input tax paid USD 358,233 15,888 48,612 13,678 20,098 13,689 13,711 14,223 13,618 13,366 14,239 14,024 19,070
VAT: Output tax received USD 543,317 19,938 24,382 25,709 25,796 25,835 25,874 25,913 25,280 25,508 25,682 25,954 25,748
Delta: Payments vs. Payable USD Ok 185,085
2 BS Account: VAT owed to tax authority

Balance B/f USD - 2,081 (21,327) (9,227) (15,656) (3,522) 8,630 8,157 19,838 31,790 31,133 43,184
VAT payable / (recoverable) USD (neg. = recoverable; pos. = payable) 185,085 2,081 (23,408) 12,100 5,671 12,134 12,151 11,678 11,681 11,952 11,295 12,050 6,689
Flag: Month of payment [1,0] Quarterly 3 Offset 0 Mths 1 - - 1 - - 1 - - 1 - -
VAT paid/recovered USD (neg. = paid; pos. = recovered) (66,895) - - - (12,100) - - (12,151) - - (11,952) - -
Balance C/f USD (neg. = receivable; pos. = liability) 2,081 (21,327) (9,227) (15,656) (3,522) 8,630 8,157 19,838 31,790 31,133 43,184 49,872
Taxes on Income
1 2 3 4 5
1 Tax Calculation (annual basis) Financial Year FY 2019 FY 2020 FY 2021 FY 2022 FY 2023
Model Life [1,0] 1 1 - - -
Earnings before Tax (EBT) USD 296,124 361,807 - - -
Tax loss carryforward

Balance B/f USD - - - - -
Change USD - - - - -
Balance C/f USD loss carryforward at model start - - - - - -
Earnings after accounting for loss carryforward USD 296,124 361,807 - - -
Taxes on Income USD 30.0% 197,379 88,837 108,542 - - -
2 Tax payments => Cashflow Financial Year FY 2019 FY 2020 FY 2021 FY 2022 FY 2023
Advanced payments (per financial year) USD 180,000 80,000 100,000 - - -

No of payments (per financial year) # 3 4 - - -
Amount of advance payment per payment period USD 26,667 25,000 - - -
No of months in financial year # 9 12 - - -
Distribution over the year

Advanced payments Month in calendar year
Flag Advanced payments periods [1,0] 2 5 8 11 - - 1 - - 1 - - 1 - - 1
Advanced payments USD 180,000 - - 26,667 - - 26,667 - - 26,667 - - 25,000
Tax payment in following year

Flag payment period for previous year [1,0] in Month 3 of the following calendar year 1 - - - - - - - - - - -
Tax for previous year USD 88,837 - - - - - - - - - - - -
Taxes 93 von 100

Total advanced payments USD 80,000 - - - - - - - - - - - -
Supplementary payment / (Refunding) USD 8,837 - - - - - - - - - - - -
3 Tax payable => P&L

Tax payable during the year (P&L) USD (equal monthly distribution) 197,379 9,871 9,871 9,871 9,871 9,871 9,871 9,871 9,871 9,871 9,045 9,045 9,045
4 BS Account: Taxes on income owed

Balance B/f USD - 9,871 19,742 2,946 12,816 22,687 5,891 15,762 25,633 8,837 17,882 26,927
Tax payable USD 197,379 9,871 9,871 9,871 9,871 9,871 9,871 9,871 9,871 9,871 9,045 9,045 9,045
Tax paid USD (if positive => refunding) (188,837) - - (26,667) - - (26,667) - - (26,667) - - (25,000)
Balance C/f USD 9,871 19,742 2,946 12,816 22,687 5,891 15,762 25,633 8,837 17,882 26,927 10,973
Payable after model end USD 8,542 Ok
Taxes 94 von 100

1 1 1 1 1 1 1 1 1 - - -
2 2 2 2 2 2 2 2 2 3 3 3
25,794 25,840 25,887 25,934 26,046 26,094 26,143 25,965 28,118 - - -

(11,463) (11,468) (11,473) (11,478) (11,509) (11,488) (11,493) (11,131) (12,519) - - -
(637) (510) (523) (678) (553) (569) (725) (599) (632) - - -
(2,162) (1,899) (1,980) (2,201) (1,934) (1,945) (2,236) (2,006) (2,001) - - -
- (9,000) - - - - - - - - - -
11,533 2,963 11,911 11,577 12,050 12,093 11,689 12,228 12,965 - - -
14,250 22,865 13,964 14,344 13,974 14,000 14,442 13,908 14,250 7,567 343 109
25,794 25,840 25,887 25,934 26,033 26,094 26,143 26,079 27,449 5,394 1,050 -
49,872 54,716 57,679 69,590 69,257 81,307 93,400 92,996 105,224 - - -

11,533 2,963 11,911 11,577 12,050 12,093 11,689 12,228 12,965 - - -
1 - - 1 - - 1 - - - - -
(6,689) - - (11,911) - - (12,093) - - - - -
54,716 57,679 69,590 69,257 81,307 93,400 92,996 105,224 118,189 - - -
- - 1 - - 1 - - 1 - - -
- - 25,000 - - 25,000 - - 25,000 - - -
1 - - - - - - - - - - -
88,837 - - - - - - - - - - -
Taxes 95 von 100

80,000 - - - - - - - - - - -
8,837 - - - - - - - - - - -
9,045 9,045 9,045 9,045 9,045 9,045 9,045 9,045 9,045 - - -
10,973 11,181 20,226 4,271 13,316 22,361 6,406 15,452 24,497 - - -

9,045 9,045 9,045 9,045 9,045 9,045 9,045 9,045 9,045 - - -
(8,837) - (25,000) - - (25,000) - - (25,000) - - -
11,181 20,226 4,271 13,316 22,361 6,406 15,452 24,497 8,542 - - -
Taxes 96 von 100

Timing - Master
Model: 5 Year Forecast Go to table of contents All timing parameters are fully adjustable in commercial version only
Period Start 01 Mar 19 01 Apr 19 01 May 19 01 Jun 19 01 Jul 19 01 Aug 19 01 Sep 19 01 Oct 19 01 Nov 19 01 Dec 19 01 Jan 20 01 Feb 20 01 Mar 20 01 Apr 20
Period End Start End 28 Feb 19 31 Mar 19 30 Apr 19 31 May 19 30 Jun 19 31 Jul 19 31 Aug 19 30 Sep 19 31 Oct 19 30 Nov 19 31 Dec 19 31 Jan 20 29 Feb 20 31 Mar 20 30 Apr 20
Model Life 01 Mar 19 30 Nov 20 21 1 1 1 1 1 1 1 1 1 1 1 1 1 1
Flags & Counters

Days in Period days 31 30 31 30 31 31 30 31 30 31 31 29 31 30
Calendar Year year 2019 2019 2019 2019 2019 2019 2019 2019 2019 2019 2020 2020 2020 2020
Calendar Year (Counter) # 1 1 1 1 1 1 1 1 1 1 2 2 2 2
Month since start of financial year # 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17
Financial Year year Financal Year ends in Monat 11 2019 2019 2019 2019 2019 2019 2019 2019 2019 2020 2020 2020 2020 2020
Financial Month # 4 5 6 7 8 9 10 11 12 1 2 3 4 5
Financial Year (Counter) # 1 1 1 1 1 1 1 1 1 2 2 2 2 2
Month of model # 1 2 3 4 5 6 7 8 9 10 11 12 13 14
Calendar Years during model life # 1 1 1 1 1 1 1 1 1 1 1 1 2 2
Quarter and Half-year (Calendar Year)

Quarter CY # Q = quarter Q1 Q2 Q2 Q2 Q3 Q3 Q3 Q4 Q4 Q4 Q1 Q1 Q1 Q2
Half-year CY # H = half year H1 H1 H1 H1 H2 H2 H2 H2 H2 H2 H1 H1 H1 H1
Calculation Quarter of FY 1 2 3 4 5 6 7 8 9 10 11 12
Month 12 Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11
Q1 Q1 Q1 Q2 Q2 Q2 Q3 Q3 Q3 Q4 Q4 Q4
1 2 3 4 5 6 7 8 9 10 11 12
Quarter (Financial Year)
Quarter FY # Q2 Q2 Q2 Q3 Q3 Q3 Q4 Q4 Q4 Q1 Q1 Q1 Q2 Q2
First Month (in text format) Mar

First Year 2019
USD
Timing 97 von 100

1 1 1 1 1 1 1 - - -
31 30 31 31 30 31 30 31 31 28
2020 2020 2020 2020 2020 2020 2020 2020 2021 2021
2 2 2 2 2 2 2 2 3 3
18 19 20 21 22 23 24 25 26 27
2020 2020 2020 2020 2020 2020 2020 2021 2021 2021
6 7 8 9 10 11 12 1 2 3
2 2 2 2 2 2 2 3 3 3
15 16 17 18 19 20 21 22 23 24
2 2 2 2 2 2 2 - - -
Q2 Q2 Q3 Q3 Q3 Q4 Q4 Q4 Q1 Q1
H1 H1 H2 H2 H2 H2 H2 H2 H1 H1
Q2 Q3 Q3 Q3 Q4 Q4 Q4 Q1 Q1 Q1
Timing 98 von 100

Formats & Styles Key, Constants and Lookup Tables
Frequently used Formatting Styles

Table Heading Table Heading
Input 100
Input (permanent) 100 same as input but permanent => i.e. input data will not be erased by macro "New planning - Erase all input data"
Reference InSheet 100
Reference OffSheet 100
Name Input Name
Technical Input 100
Actuals 100
Empty Cell
External Link 100.0
Flag (Standard) 1
1 with conditional formatting => copy required
Checks, Flags & Miscellaneous

Hyperlink Hyperlink
Cell Check Fail with conditional formatting => copy required (text can be changed manually)
Cell Clue Alert with conditional formatting => copy required (text can be changed manually)
Cell_OnOff On with conditional formatting => copy required (text can be changed manually)
Switch YES-NO (no cell style) Yes 1=Yes , 0=No uses data validation => copy required
Switch active/inactive (no cell style) 1 with conditional formatting => copy required
Status Work in Progress WIP

Status Checked Checked
Status To be checked to be checked
Comment Comment
Ratio 1.0x
Date long 01 Jan 20 after using this cell style, an additional style can be applied, e.g. Input, InSheet, OffSheet etc.
Date short 01/ 01/ 2020 after using this cell style, an additional style can be applied, e.g. Input, InSheet, OffSheet etc.
Positive Zero Negative

Number Standard 1,500 - (1,500) after using this cell style, an additional style can be applied, e.g. Input, InSheet, OffSheet etc.
Number Percent 25% - (25%) after using this cell style, an additional style can be applied, e.g. Input, InSheet, OffSheet etc.
Formats 99 von 100

Formatting Styles
Line Formats Sheet Header
Unit EUR Sheet Header 1 Sheet Header 1

Sheet Header 2 Sheet Header 2
Line Summary 100 Sheet Header 3 Sheet Header 3
Line Operation 100
Line Subtotal 100 Section Header
Line Total 100 Header 1 Headline 1

Line Closing 100 Header 2 Headline 2
Header 3 Headline 3
Header 4 Headline 4
Constants, Symbols & General Lookup Tables

Constants Name Lookup Tables
Days in Year 365 days_yr Month Switch Name
Months per Year 12 months_yr Jan 1 Months
Quarters per Year 4 quarters_yr Feb 2
Months per Quarter 3 mths_quarter Mar 3
Apr 4
Rounding Tolerance 1E-05 Tolerance May 5
Thousand 1,000 Thousand Jun 6
Million 1,000,000 Million Jul 7
Billion 1,000,000,000 Billion Aug 8
Very Small Number 1E-07 VerySmallNumber Sep 9
Oct 10
Nov 11
Dec 12
Symbols
Arrow down (active) ▼ Pf_unt_ja Periodicity Switch Name
Arrow down (inactive) × Pf_unt_nein Monthly 1 Periodicity
Arrow left ◄ Pf_li Quarterly 3
Arrow right ► Pf_re Semi-annual 6
Arrows horizontal (active) tu Pf_hor_ja Annual 12
Arrows horizontal (inactive) vw Pf_hor_nein
1
Example Arrow down (active, if cell above = 1) ▼ with conditional formatting => copy required Language/Terminology Switch
British English (UK-Terminology) 1
American English (US-Terminology) 2
Formats 100 von 100

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Excel-Financial-Model (EFM)

Version: "Classic Economy"

For full version click button

Version 2.01 - Free Trial Version

LEGAL DISCLAIMER AND LICENSE AGREEMENT

Company Profile and Contact

What Financial Modelling Videos can do for you:

© Copyright 2011 - 2017, Smart Cap GmbH

"The easy way to create financial

Difference between Trial version and Commercial versio

Planning period (model life time)

Protection & Adaptability

2. Output sheets / Summaries

Profit & Loss, Cashflow and Balance Sheet

Key Performance Indicators (KPIs)

Working Capital & Cash Conversion Cycle (CCC)

3. Support and Updates

- Freely customizable & exten

d Commercial version of Excel-Financial-Model (EFM-CE)

Free Trial Version

Restricted to 24 months max.

Timing parameters cannot be changed

Only input cells can be changed, all other cells are

No time-saving macros included

Free Trial Version

Free Trial Version

- Freely customizable & extendable

Full Commercial Version

All timing parameters fully adjustable

Any planning currency can be freely selected

All cells are accessible and editable

Includes time-saving macros

Full Commercial Version

Automatic calculation of numerous KPIs regarding

Automatic calculation of Days Sales Outstanding

Full Commercial Version

30 days technical support

Lifetime free updates

A - Layout and Structure of EFM

3. Enter general model assumptions

4. Enter assumptions for products and services

6. Enter financing assumptions

7. Enter payment targets and tax assumptions

8. Enter assumptions for inventory planning and opening balance

11. Enter Cost of Materials/Packaging or Goods required and target inventory

12. Enter direct costs

13. Enter indirect costs (Overheads)

11. Enter Cost of Materials/Packaging or Goods required and target inventory

13. Enter indirect costs (Overheads)

14. Enter capital expenditures

15. Enter financing assumption (final step)

and delete this text

Company name X-ample Computech Ltd. Author TR

Sheet No. Sheet Content Link to Sheet

8 Sales Sales Full Version

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Capital Requirement and Funding Sources of Funds