Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
TM
www.educorporatebridge.com
Complete Net PP & E table Calculate relevant ratios Consider the Capex and PP & E and make adjustments (smoothen the curve!) as required Link up the following in the model:
Depreciation Expense to Income Statement Depreciation and Capex to Cash Flow Statement Net PP & E to Balance Sheet
TM
www.educorporatebridge.com 2
Calculations
TM
www.educorporatebridge.com 3
TM
www.educorporatebridge.com 4
Calculations
TM
www.educorporatebridge.com 5
Time
TM
www.educorporatebridge.com 6
Forecasts
TM
www.educorporatebridge.com 7
Forecasts
References
Drivers
TM
www.educorporatebridge.com 8
Calculations
TM
www.educorporatebridge.com 9
Assumption
Calculations
Fill in the PP & E table and calculate ratios for the forecast period
Do not assume asset sales unless supported by management discussion
TM
www.educorporatebridge.com10
Depreciation in the first forecast period should be l ess than the last historical year as assets finish depreciating
Simple assumption would be to straight line existing PP & E
TM
www.educorporatebridge.com11
www.educorporatebridge.com12
TM
www.educorporatebridge.com13
TM
www.educorporatebridge.com14
Depreciation Schedule Link to Cash Flow Statement Financial Modeling E-Book Part 2 of 4
TM
www.educorporatebridge.com15
Depreciation Sales
COGS
Income Statement
Working Capital
TM
www.educorporatebridge.com16
TM
www.educorporatebridge.com17
Input Additions
Calculations
TM
www.educorporatebridge.com18
TM
www.educorporatebridge.com19
Referenced from BS
Calculations
TM
www.educorporatebridge.com20
Forecasts
Estimate
TM
www.educorporatebridge.com21
www.educorporatebridge.com22
Calculations
TM
www.educorporatebridge.com23
Assumption
Calculations
Complete the amortization table and calculate the ratios for the forecast period Do not assume sale of intangibles unless backed by management discussion
All Rights Reserved. Corporate Bridge
TM
www.educorporatebridge.com24
TM
www.educorporatebridge.com25
Keep Constant
TM
www.educorporatebridge.com26
TM
www.educorporatebridge.com27
Depreciation Sales
COGS
Income Statement
Working Capital
Amortization
Amortization
PP & E, Depreciation
Balance Sheet
Intangibles, Amortization
Intangibles
TM
www.educorporatebridge.com28
TM
www.educorporatebridge.com29
Other Long Term Items Schedule - Sample Financial Modeling E-Book Part 2 of 4
Calculations
Referenced from BS
Calculations
TM
www.educorporatebridge.com30
Other Long Term Items Schedule - Sample Financial Modeling E-Book Part 2 of 4
TM
www.educorporatebridge.com31
Other Long Term Items Schedule - Sample Financial Modeling E-Book Part 2 of 4
Calculations
TM
www.educorporatebridge.com32
TM
www.educorporatebridge.com33
Link the forecasted change in long term items to Cash Flow Statement
TM
www.educorporatebridge.com34
Depreciation Sales
COGS
Income Statement
Working Capital
Amortization
Change in WC
Working Capital
Amortization
Balance Sheet
Intangibles, Amortization
Intangibles
TM
www.educorporatebridge.com35
TM
www.educorporatebridge.com