Financial Statements

Income Statement

Body Works Fitness Gym

Projected Income Statements
Not
e 2018 2019 2020 2021 2022
2,812,805. 2,934,342. 3,273,812. 3,411,337. 3,884,732.
Service Income 98 31 29 78 50
1,823,488. 1,825,442. 1,855,450. 1,857,517. 1,888,200.
Less: Operating Expense 1 63 63 35 12 83
989,317 1,108,899. 1,418,361. 1,553,820. 1,996,531.
Profit Before Tax .35 68 94 66 66
296,795 332,669 425,508 466,146 598,959
Less: Income Tax (30%) .20 .91 .58 .20 .50
692,522 776,229 992,853 1,087,674. 1,397,572.
Net Income .14 .78 .36 46 16

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 Statement of Financial Position

Body Works Fitness Gym

Projected Statement of Financial Position
Pre-Operation 2018 2019 2020 2021 2022
ASSETS
Current Assets
Cash 555,872.16 1,501,775.73 2,531,386.94 3,777,621.72 5,118,677.61 6,769,631.21
TOTAL 555,872.16 1,501,775.73 2,531,386.94 3,777,621.72 5,118,677.61 6,769,631.21
Non-Current Assets
Land 115,200.00 115,200.00 115,200.00 115,200.00 115,200.00 115,200.00
Building 6,500,000.00 6,500,000.00 6,500,000.00 6,500,000.00 6,500,000.00 6,500,000.00
Less: Accumulated Depreciation 234,000.00 468,000.00 702,000.00 936,000.00 1,170,000.00
Furniture and Fixtures 62,900.00 62,900.00 62,900.00 62,900.00 62,900.00 62,900.00
Less: Accumulated Depreciation 8,454.29 16,908.57 25,362.86 33,817.14 42,271.43
Machineries and Equipment 526,000.00 526,000.00 526,000.00 526,000.00 526,000.00 526,000.00
Less: Accumulated Depreciation 86,297.14 172,594.29 258,891.43 345,188.57 431,485.71
Office Equipment 269,000.00 269,000.00 269,000.00 269,000.00 269,000.00 269,000.00
Less: Accumulated Depreciation 24,630.00 49,260.00 73,890.00 98,520.00 123,150.00
TOTAL 7,473,100.00 7,119,718.57 6,766,337.14 6,412,955.71 6,059,574.29 5,706,192.86
TOTAL ASSETS 8,028,972.16 8,621,494.30 9,297,724.08 10,190,577.44 11,178,251.90 12,475,824.06
LIABILITIES AND EQUITY
EQUITIES
Olino, Capital 4,014,486.08 4,310,747.15 4,648,862.04 5,095,288.72 5,589,125.95 6,237,912.03
Caones, Capital 4,014,486.08 4,310,747.15 4,648,862.04 5,095,288.72 5,589,125.95 6,237,912.03
TOTAL EQUITY 8,028,972.16 8,621,494.30 9,297,724.08 10,190,577.43 11,178,251.89 12,475,824.06
TOTAL LIABILITIES AND EQUITY 8,028,972.16 8,621,494.30 9,297,724.08 10,190,577.43 11,178,251.89 12,475,824.06
Statement of Cash Flows

Body Works Fitness Gym

Projected Statement of Cashflows

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 Pre-Operation 2018 2019 2020 2021 2022
CASH INFLOWS
Total Investment 8,174,972.16
Service Income 2,812,805.98 2,934,342.31 3,273,812.29 3,411,337.78 3,884,732.50
TOTAL CASH INFLOWS 8,174,972.16 2,812,805.98 2,934,342.31 3,273,812.29 3,411,337.78 3,884,732.50
CASH OUTFLOWS
Pre-Operating Expense 146,000.00
Purchase and Construction 7,473,100.00
Operating Expense 1,823,488.63 1,825,442.63 1,855,450.35 1,857,517.12 1,888,200.83
Income Tax Expense 296,795.20 332,669.91 425,508.58 466,146.20 598,959.50
Less:
Depreciation Expense 353,381.43 353,381.43 353,381.43 353,381.43 353,381.43
TOTAL CASH OUTFLOW 7,619,100.00 1,766,902.40 1,804,731.11 1,927,577.51 1,970,281.89 2,133,778.90
NET CASHFLOW 555,872.16 1,045,903.57 1,129,611.21 1,346,234.79 1,441,055.89 1,750,953.59
NET CASHFLOW BEGINNING 555,872.16 1,501,775.73 2,531,386.94 3,777,621.72 5,118,677.61
Less: Withdrawals 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00
NET CASHFLOW ENDING 555,872.16 1,501,775.73 2,531,386.94 3,777,621.72 5,118,677.61 6,769,631.21

Statement of Equity

Body Works Fitness Gym

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 Projected Statement of Equity

Pre-Operation 2018 2019 2020 2021 2022

Capital Beginning
4,087,486. 4,014,486.0 4,310,747.1 4,648,862.0 5,095,288.7 5,589,125.9
Olino, Capital 08 8 5 4 2 5
4,087,486. 4,014,486.0 4,310,747.1 4,648,862.0 5,095,288.7 5,589,125.9
Caones, Capital 08 8 5 4 2 5
Pre-Operating Expenses
73,000.0
Olino, Capital 0
73,000.0
Caones, Capital 0
Add: Income
Olino, Capital 346,261.07 388,114.89 496,426.68 543,837.23 698,786.08
Caones, Capital 346,261.07 388,114.89 496,426.68 543,837.23 698,786.08
Less: Withdrawals
Olino, Capital 50,000.00 50,000.00 50,000.00 50,000.00 50,000.00
Caones, Capital 50,000.00 50,000.00 50,000.00 50,000.00 50,000.00
Capital Ending
Olino, Capital 4,014,486.08 4,310,747.15 4,648,862.04 5,095,288.72 5,589,125.95 6,237,912.03
Caones, Capital 4,014,486.08 4,310,747.15 4,648,862.04 5,095,288.72 5,589,125.95 6,237,912.03

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