School Incorporated

Projected Income Statement

For the 3 Years Period

Year 1 Year 2 Year 3

2020 2021 2022

Revenue
Kinder to Grade 3 5,596,775.00 5,876,613.73 6,170,444.33
Grade 4 to 6 5,567,742.00 5,846,128.60 6,138,436.20
Grade 7 to 12 18,435,483.00 19,357,258.50 20,325,120.75
Total Revenue 29,600,000.00 31,080,000.83 32,634,001.28

Less:

Personnel Cost
Kinder to Grade 3 3,358,065.00 4,113,629.61 4,319,311.03
Grade 4 to 6 3,340,644.84 4,092,290.02 4,296,905.34
Grade 7 to 12 11,061,291.15 13,550,080.95 14,227,584.53
Total Personnel Cost 17,760,000.99 21,756,000.58 22,843,800.90

Admin Cost
Kinder to Grade 3 1,679,032.50 1,175,322.75 1,234,088.87
Grade 4 to 6 1,670,322.42 1,169,225.72 1,227,687.24
Grade 7 to 12 5,530,645.58 3,871,451.70 4,065,024.15
Total Admin Cost 8,880,000.50 6,216,000.17 6,526,800.26

Total Cost 26,640,001.49 27,972,000.75 29,370,601.16

Net Income 2,959,998.51 3,108,000.08 3,263,400.12

 School Incorporated
Projected Balance Sheet
For the 3 years period

Year 1 Year 2 Year 3

2020 2021 2022
Assets

Current Assets 2,960,000.00 3,108,000.00 3,356,640.00

Total Current Assets 2,960,000.00 3,108,000.00 3,356,640.00

Non Current Assets

Building 30,000,000.00 30,000,000.00 30,000,000.00

Less: Accumulated Depreciation (20 years) 1,500,000.00 3,000,000.00 4,500,000.00
Total 28,500,000.00 27,000,000.00 25,500,000.00

Land 10,000,000.00 10,000,000.00 10,000,000.00

Property, Plant and Equipment 10,000,000.00 10,000,000.00 10,000,000.00

Less: Accumulated Depreciation (10 years) 1,000,000.00 2,000,000.00 3,000,000.00
Total 9,000,000.00 8,000,000.00 7,000,000.00

Total Non Current Assetes 47,500,000.00 45,000,000.00 42,500,000.00

Total Assets 50,460,000.00 48,108,000.00 45,856,640.00

Liabilities and Equity

Liabilities
Loans Payable 30,000,000.00 28,500,000.00 27,000,000.00
Add: Yearly Amortization 1,500,000.00 1,500,000.00 1,500,000.00
Interest Payable 150,000.00 150,000.00 150,000.00
Total Liabilities 31,650,000.00 30,150,000.00 28,650,000.00

Total Equity 18,810,000.00 17,958,000.00 17,206,640.00

Grade Level No. of Section Standard Class Size Endrolees/grade level Teacher/section

Kinder 1 1 25 25 1
Kinder 2 1 25 25 1
Grade 1 3 35 105 3
Grade 2 2 35 70 2
Grade 3 2 40 80 2
Grade 4 2 40 80 3
Grade 5 2 45 90 3
Grade 6 2 45 90 3
Grade 7 4 45 180 8
Grade 8 2 45 90 4
Grade 9 2 45 90 4
Grade 10 2 45 90 4
Grade 11 3 45 135 6
Grade 12 2 45 90 4
30 1240 48

Number of Classroom 30
Number of Endroled Pupils 1240
Number of Teachers 48
Number of Non Teaching Staf 16

Personnel Cost:
Non Teaching
16
15,000.00
240,000.00 Monthly
12
2,880,000.00 Annually

Teaching Personnel
48
25,000.00
1,200,000.00 Monthly
12
14,400,000.00 Annually

Principal
1
40,000.00
40,000.00 Monthly
12
 480,000.00 Annually

Total Personnel Cost/ Annually

17,760,000.00

Total Revenue

30% Admin Cost 88,800,000.00

60% Personnel Cost 17,760,000.00
10% ROI 2,960,000.00