Fikabiz Financial Projections

For
Mimi’s Mobile & Retail Clothing
(Includes 3 Year Cash Flow Projections)
Mimi’s Mobile & Retail Clothing
Pro Forma Income Statement for the year ended 31 December 2023

Revenue E 71,300.00
Services Rendered E 127,000.00
Cost of Revenue E 55,700.00

Other Operating Income E -

Rent Income E -

Gross Profit E 71,300.00

Distribution, Administrative and Other Expenses E 61,320.00

Salaries & Wages E 33,600.00
Material and maintainance E 1,200.00
Advertizing and Promotions E 2,400.00
Rent E 7,200.00
Interest on loan E 4,000.00
Transport E 9,200.00
Electricity and Water E 1,200.00
Stationery E 1,080.00
Bank Charges E 1,440.00

Profit for the year E 9,980.00

Mimi’s Mobile & Retail Clothing
Pro Forma Balance sheet as at 31 December 2023

Assets E E

Non Current Assets -

Vehicle -

Current Assets 30,405.00

Trade Receivables(Debtors) 1,200.00
Cash and Cash Equivalents 29,205.00
Inventory -

Total Assets 30,405.00

Equity and Liabilities

Total Equity

Owner's Equity 29,305.00

Current Liabilities 1,100.00

Trade and Other Payables( Creditors) 1,100.00

Total Equity and Liabilities 30,405.00

 Year 1 Mimi’s Mobile & Retail Clothing Cash flow projections
Month1 Month2 Month3 Month4 Month5 Month6 Month7 Month8 Month9 Month10 Month11 Month12 Totals
Opening Bank Balance -
Receipts
Revenue 6,000.00 11,000.00 11,000.00 11,000.00 11,000.00 11,000.00 11,000.00 11,000.00 11,000.00 11,000.00 11,000.00 11,000.00 127,000.00
Financier Loan 20,000.00 20,000.00
Receipts Sub-total 26,000.00 11,000.00 11,000.00 11,000.00 11,000.00 11,000.00 11,000.00 11,000.00 11,000.00 11,000.00 11,000.00 11,000.00
Payments
Salaries & Wages 2,800.00 2,800.00 2,800.00 2,800.00 2,800.00 2,800.00 2,800.00 2,800.00 2,800.00 2,800.00 2,800.00 2,800.00 33,600.00
Materials and maintainance 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 1,200.00
Advertizing and Promotions 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 2,400.00
Purchases 13,500.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 46,500.00
VAT 2,025.00 450.00 450.00 450.00 450.00 450.00 450.00 450.00 450.00 450.00 450.00 450.00 6,975.00
Transport/fuel 1,500.00 700.00 700.00 700.00 700.00 700.00 700.00 700.00 700.00 700.00 700.00 700.00 9,200.00
Rent 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 7,200.00
Loan repayment - - - - - 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 7,000.00
Electricity And Water 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 1,200.00
Stationery 90.00 90.00 90.00 90.00 90.00 90.00 90.00 90.00 90.00 90.00 90.00 90.00 1,080.00
Bank Charges 120.00 120.00 120.00 120.00 120.00 120.00 120.00 120.00 120.00 120.00 120.00 120.00 1,440.00
payments sub 21035.00 8160.00 8160.00 8160.00 8160.00 9160.00 9160.00 9160.00 9160.00 9160.00 9160.00 9160.00 117,795.00
Surplus/Deficit 4965.00 2840.00 2840.00 2840.00 2840.00 1840.00 1840.00 1840.00 1840.00 1840.00 1840.00 1840.00 29,205.00
Closing Balance 4965.00 7805.00 10645.00 13485.00 16325.00 18165.00 20005.00 21845.00 23685.00 25525.00 27365.00 29205.00

*Salaries and wages increase by 10% yearly

 Year 2 Mimi’s Mobile & Retail Clothing Cash flow projections
Month1 Month2 Month3 Month4 Month5 Month6 Month7 Month8 Month9 Month10 Month11 Month12 Totals
Opening Bank Balance 29,205.00 29,205.00
Receipts
Revenue 12,000.00 12,000.00 12,000.00 12,000.00 12,000.00 12,000.00 12,000.00 12,000.00 12,000.00 12,000.00 12,000.00 12,000.00 144,000.00
Receipts Sub-total 41,205.00 12,000.00 12,000.00 12,000.00 12,000.00 12,000.00 12,000.00 12,000.00 12,000.00 12,000.00 12,000.00 12,000.00
Payments
Salaries & Wages 3,300.00 3,300.00 3,300.00 3,300.00 3,300.00 3,300.00 3,300.00 3,300.00 3,300.00 3,300.00 3,300.00 3,300.00 39,600.00
Materials and maintainance 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 1,200.00
Advertizing and Promotions 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 2,400.00
Purchases 10,500.00 4,000.00 4,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 4,000.00 6,000.00 49,500.00
VAT 1,575.00 600.00 600.00 450.00 450.00 450.00 450.00 450.00 450.00 450.00 600.00 900.00 7,425.00
Transport/fuel 1,500.00 700.00 700.00 700.00 700.00 700.00 700.00 700.00 700.00 700.00 700.00 700.00 9,200.00
Rent 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 7,200.00
Loan repayment 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 12,000.00
Electricity And Water 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 1,200.00
Stationery 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 1,200.00
Bank Charges 190.00 190.00 190.00 190.00 190.00 190.00 190.00 190.00 190.00 190.00 190.00 190.00 2,280.00
payments sub 19165.00 10890.00 10890.00 9740.00 9740.00 9740.00 9740.00 9740.00 9740.00 9740.00 10890.00 13190.00 133,205.00
Surplus/Deficit 22040.00 1110.00 1110.00 2260.00 2260.00 2260.00 2260.00 2260.00 2260.00 2260.00 1110.00 -1190.00 40,000.00
Closing Balance 22040.00 23150.00 24260.00 26520.00 28780.00 31040.00 33300.00 35560.00 37820.00 40080.00 41190.00 40000.00

* Revenue increrases every year

 Year 3 Mimi’s Mobile & Retail Clothing Cash flow projections
Month1 Month2 Month3 Month4 Month5 Month6 Month7 Month8 Month9 Month10 Month11 Month12 Totals
Opening Bank Balance 29,205.00 29,205.00
Receipts
Revenue 13,000.00 13,000.00 13,000.00 13,000.00 13,000.00 13,000.00 13,000.00 13,000.00 13,000.00 13,000.00 13,000.00 13,000.00 156,000.00
Receipts Sub-total 42,205.00 13,000.00 13,000.00 13,000.00 13,000.00 13,000.00 13,000.00 13,000.00 13,000.00 13,000.00 13,000.00 13,000.00
Payments
Salaries & Wages 3,300.00 3,300.00 3,300.00 3,300.00 3,300.00 3,300.00 3,300.00 3,300.00 3,300.00 3,300.00 3,300.00 3,300.00 39,600.00
Materials and maintainance 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 1,200.00
Advertizing and Promotions 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 2,400.00
Purchases 11,000.00 5,250.00 5,250.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 4,000.00 6,000.00 52,500.00
VAT 1,650.00 787.50 787.50 450.00 450.00 450.00 450.00 450.00 450.00 450.00 600.00 900.00 7,875.00
Transport/fuel 1,500.00 700.00 700.00 700.00 700.00 700.00 700.00 700.00 700.00 700.00 700.00 700.00 9,200.00
Rent 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 600.00 7,200.00
Loan repayment 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 - - - - - - - 5,000.00
Electricity And Water 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 1,200.00
Stationery 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 1,200.00
Bank Charges 190.00 190.00 190.00 190.00 190.00 190.00 190.00 190.00 190.00 190.00 190.00 190.00 2,280.00
payments sub 19740.00 12327.50 12327.50 9740.00 9740.00 8740.00 8740.00 8740.00 8740.00 8740.00 9890.00 12190.00 129,655.00
Surplus/Deficit 22465.00 672.50 672.50 3260.00 3260.00 4260.00 4260.00 4260.00 4260.00 4260.00 3110.00 810.00 55,550.00
Closing Balance 22465.00 23137.50 23810.00 27070.00 30330.00 34590.00 38850.00 43110.00 47370.00 51630.00 54740.00 55550.00

* Revenue increrases every year