Complete Investment Project

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macroeconomic environment U 1 sq. 2Q. 3Q.
Year start-up 2014
INFLATION
Estimated annual rate of inflation % 7.5% 7.5% 7.5%
However, based on the quarter % 1.8% 1.8% 1.8%
cumulative total inflation 1.00 1.02 1.04
Quarterly inflation index 1.00 1.02 1.02
Tax Environment
VAT % 10.0% 10.0% 10.0%
Insurance premiums in the gov't. extrabudgetary funds % 34.0% 34.0% 34.0%
Property tax % 2.0% 2.0% 2.0%
Tax on profits % 20.0% 20.0% 20.0%
INVESTOR REQUIRED RATE OF RETURN

Required rate of return % 40.0% 40.0% 40.0%
The required rate of return based on the quarter % 8.8% 8.8% 8.8%
Required rate of return of the venture capitalist

Stage of life cycle Typical required rate of return
Start-up 50-70%
The first round of funding 40-60%
The second round of funding 35-50%
Mezzanine financing / IPO 25-35%
Source: Damodaran A. Valuing Young, Start-Up and Growth Companies: Estimation Issues and Valuation Challenges, 2009. P. 15.
alyses-reports/download-investment-project-in-excel
4Q. 5 sq. 6 sq. 7 q. 8 q. 9 sq. 10 sq. 11 sq. 12 sq.
7.5% 7.8% 7.8% 7.8% 7.8% 6.0% 6.0% 6.0% 6.0%

1.8% 1.9% 1.9% 1.9% 1.9% 1.5% 1.5% 1.5% 1.5%
1.06 1.08 1.10 1.12 1.14 1.15 1.17 1.19 1.21
1.02 1.02 1.02 1.02 1.02 1.02 1.01 1.01 1.01
10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0%

34.0% 34.0% 34.0% 34.0% 34.0% 34.0% 34.0% 34.0% 34.0%
2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0%
20.0% 20.0% 20.0% 20.0% 20.0% 20.0% 20.0% 20.0% 20.0%
40.0% 40.0% 40.0% 40.0% 40.0% 40.0% 40.0% 40.0% 40.0%

8.8% 8.8% 8.8% 8.8% 8.8% 8.8% 8.8% 8.8% 8.8%
13 sq. 14 sq. 15 sq. 16 sq. 17 sq. 18 sq. 19 sq. 20 sq.
5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0%

1.2% 1.2% 1.2% 1.2% 1.2% 1.2% 1.2% 1.2%
1.22 1.24 1.25 1.27 1.28 1.30 1.31 1.33
1.01 1.01 1.01 1.01 1.01 1.01 1.01 1.01
10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0%

34.0% 34.0% 34.0% 34.0% 34.0% 34.0% 34.0% 34.0%
2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0%
20.0% 20.0% 20.0% 20.0% 20.0% 20.0% 20.0% 20.0%
40.0% 40.0% 40.0% 40.0% 40.0% 40.0% 40.0% 40.0%

8.8% 8.8% 8.8% 8.8% 8.8% 8.8% 8.8% 8.8%
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Volume of sales U 1 sq. 2Q. 3Q. 4Q.
Sales in the quarter

Gel teeth vosstanovlniya PC. 2,000 7,000 13,000 20,000
Sale clinics PC. 1,000 5,000 9,000 13,500
Sale of pharmacies PC. 1,000 2,000 4,000 6,500
Sales through website PC. 0 0 0 0
Toothpaste, restoring teeth PC. 27,000 40,000 55,000 65,000
Sale clinics PC. 20,000 25,000 35,000 40,000
Sale of pharmacies PC. 7,000 15,000 20,000 25,000
Retail PC. 0 0 0 0
Total PC. 29,000 47,000 68,000 85,000
Coefficient of sales in the quarter

Gel teeth vosstanovlniya % 65% 65% 65% 65%
Toothpaste, restoring teeth % 70% 70% 70% 70%
Sales volumes in the quarter

Gel teeth vosstanovlniya PC. 3,077 10,769 20,000 30,769
Toothpaste, restoring teeth PC. 38,571 57,143 78,571 92,857
Total PC. 41,648 67,912 98,571 123,626
Sales Price (excluding VAT)

Gel teeth vosstanovlniya
Sale clinics rub. 1,300 1,324 1,348 1,372
Sale of pharmacies rub. 1,600 1,629 1,659 1,689
Sales through website rub. 2,200 2,240 2,281 2,323
Srednevzeveshennaya price rub. 1,450 1,411 1,444 1,475
Toothpaste, restoring teeth
Sale clinics rub. 200 204 207 211
Sale of pharmacies rub. 280 285 290 296
Retail rub. 250 255 259 264
Srednevzeveshennaya price rub. 221 234 238 244
sales price (with VAT)

Gel teeth vosstanovlniya
Sale clinics rub. 1,600 1,456 1,483 1,510
Sale of pharmacies rub. 2,100 1,792 1,825 1,858
Sales through website rub. 2,200 2,464 2,509 2,555
Sale clinics rub. 220 224 228 232
Sale of pharmacies rub. 308 314 319 325
Retail rub. 300 280 285 290
Total sales (excluding VAT)

Gel teeth vosstanovlniya thousand Roubles. 2,900 9,266 17,522 27,449
Sale clinics thousand Roubles. 1,300 6,619 12,131 18,528
Sale of pharmacies thousand Roubles. 1,600 3,258 6,636 10,980
Sales through website thousand Roubles. 0 0 0 0
Toothpaste, restoring teeth thousand Roubles. 5,960 8,146 11,405 13,725
Sale clinics thousand Roubles. 4,000 5,091 7,258 8,446
Sale of pharmacies thousand Roubles. 1,960 4,277 5,806 7,390
Retail thousand Roubles. 0 0 0 0
Total thousand Roubles. 8,860 17,412 28,927 41,174
Total sales (including VAT)

Gel teeth vosstanovlniya thousand Roubles. 3,190 10,193 19,275 30,194
Toothpaste, restoring teeth thousand Roubles. 6,556 8,961 12,546 15,097
including VAT thousand Roubles. 886 1,741 2,893 4,117
Stocks of finished products

Inventories gel PC. 1,077 3,769 7,000 10,769
Stocks toothpaste PC. 11,571 17,143 23,571 27,857
Inventories gel thousand Roubles. 223 646 1,081 1,595

Stocks toothpaste thousand Roubles. 2,226 2,674 3,272 3,683
Accounts receivable in the quarter

Gel (% of revenue with VAT) % 0.0% 0.0% 0.0% 0.0%
Pasta (% of revenue with VAT) % 0.0% 0.0% 0.0% 0.0%
Gel teeth vosstanovlniya thousand Roubles. 0 0 0 0

Toothpaste, restoring teeth thousand Roubles. 0 0 0 0
Total thousand Roubles. 0 0 0 0
customer advances
Gel (% of revenue with VAT) % 0.0% 0.0% 0.0% 0.0%
Pasta (% of revenue with VAT) % 0.0% 0.0% 0.0% 0.0%
Gel teeth vosstanovlniya thousand Roubles. 0 0 0 0

Toothpaste, restoring teeth thousand Roubles. 0 0 0 0
Total thousand Roubles. 0 0 0 0
VAT payable to the payment thousand Roubles. 886 1,741 2,893 4,117
s-reports/download-investment-project-in-excel
5 sq. 6 sq. 7 q. 8 q. 9 sq. 10 sq. 11 sq. 12 sq.
22,500 25,500 30,500 34,500 42,500 50,000 56,000 62,500

15,000 17,000 21,000 24,000 28,500 33,500 37,000 40,500
7,000 8,000 8,500 9,000 11,000 13,000 15,000 17,000
500 500 1,000 1,500 3,000 3,500 4,000 5,000
85,000 110,000 170,000 210,000 245,000 285,000 310,000 340,000
55,000 70,000 80,000 90,000 100,000 105,000 110,000 120,000
30,000 40,000 80,000 100,000 120,000 150,000 155,000 160,000
0 0 10,000 20,000 25,000 30,000 45,000 60,000
107,500 135,500 200,500 244,500 287,500 335,000 366,000 402,500
65% 65% 65% 65% 65% 65% 65% 65%

50% 50% 50% 50% 50% 50% 50% 50%
34,615 39,231 46,923 53,077 65,385 76,923 86,154 96,154

170,000 220,000 340,000 420,000 490,000 570,000 620,000 680,000
204,615 259,231 386,923 473,077 555,385 646,923 706,154 776,154
1,398 1,425 1,451 1,479 1,501 1,523 1,545 1,568

1,721 1,753 1,786 1,820 1,847 1,874 1,901 1,929
2,366 2,411 2,456 2,503 2,539 2,577 2,614 2,653
1,520 1,547 1,578 1,612 1,663 1,688 1,717 1,753
215 219 223 228 231 234 238 241

301 307 313 319 323 328 333 338
269 274 279 284 289 293 297 301
245 251 269 276 282 290 294 297
1,538 1,567 1,597 1,627 1,651 1,675 1,699 1,724

1,893 1,929 1,965 2,002 2,031 2,061 2,092 2,122
2,603 2,652 2,702 2,753 2,793 2,834 2,876 2,918
237 241 246 250 254 258 261 265

331 338 344 350 356 361 366 371
296 301 307 313 317 322 327 332
31,462 36,329 44,270 51,019 63,772 76,127 86,514 97,972

20,975 24,219 30,481 35,492 42,765 51,005 57,161 63,486
12,047 14,027 15,185 16,381 20,315 24,361 28,521 32,798
1,183 1,205 2,456 3,754 7,618 9,018 10,458 13,264
18,286 24,109 37,962 47,777 56,558 66,758 73,679 81,995
11,832 15,342 17,864 20,476 23,085 24,595 26,144 28,939
9,035 12,274 25,010 31,852 38,783 49,190 51,575 54,020
0 0 2,791 5,688 7,214 8,784 13,369 18,087
49,748 60,438 82,232 98,797 120,331 142,885 160,193 179,967
34,608 39,961 48,697 56,121 70,150 83,740 95,165 107,769

20,114 26,520 41,758 52,555 62,214 73,433 81,047 90,195
54,722 66,482 90,455 108,677 132,364 157,173 176,212 197,964
4,975 6,044 8,223 9,880 12,033 14,288 16,019 17,997
12,115 13,731 16,423 18,577 22,885 26,923 30,154 33,654

85,000 110,000 170,000 210,000 245,000 285,000 310,000 340,000
1,807 1,991 2,293 2,570 3,152 3,704 4,192 4,708

11,298 14,137 20,876 25,452 29,482 34,177 37,542 41,383
13,105 16,129 23,169 28,022 32,634 37,881 41,734 46,090
0.0% 0.0% 0.0% 0.0% 50.0% 50.0% 50.0% 50.0%

50.0% 50.0% 50.0% 50.0% 70.0% 70.0% 70.0% 70.0%
0 0 0 0 35075 41870 47582 53885

10057 13260 20879 26278 43550 51403 56733 63136
10057 13260 20879 26278 78625 93273 104315 117021
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
4,975 6,044 8,223 9,880 12,033 14,288 16,019 17,997

70,500 79,500 94,000 100,000 70,500 79,500 94,000 100,000

45,000 49,000 57,000 60,000 45,000 49,000 57,000 60,000
20,000 24,000 28,000 30,000 20,000 24,000 28,000 30,000
5,500 6,500 9,000 10,000 5,500 6,500 9,000 10,000
365,000 385,000 405,000 445,000 465,000 495,000 525,000 560,000
130,000 135,000 140,000 150,000 155,000 160,000 165,000 180,000
170,000 180,000 190,000 210,000 220,000 240,000 260,000 270,000
65,000 70,000 75,000 85,000 90,000 95,000 100,000 110,000
435,500 464,500 499,000 545,000 535,500 574,500 619,000 660,000
65% 65% 65% 65% 65% 65% 65% 65%

50% 50% 50% 50% 50% 50% 50% 50%
108,462 122,308 144,615 153,846 108,462 122,308 144,615 153,846

730,000 770,000 810,000 890,000 930,000 990,000 1,050,000 1,120,000
838,462 892,308 954,615 1,043,846 1,038,462 1,112,308 1,194,615 1,273,846
1,587 1,606 1,626 1,646 1,666 1,687 1,707 1,728

1,953 1,977 2,001 2,026 2,051 2,076 2,101 2,127
2,685 2,718 2,752 2,785 2,820 2,854 2,889 2,925
1,776 1,809 1,846 1,874 1,865 1,900 1,938 1,968
244 247 250 253 256 259 263 266

342 346 350 355 359 363 368 372
305 309 313 317 320 324 328 332
300 305 309 313 317 322 327 330
1,745 1,767 1,789 1,811 1,833 1,855 1,878 1,901

2,148 2,175 2,201 2,228 2,256 2,283 2,311 2,340
2,954 2,990 3,027 3,064 3,102 3,140 3,178 3,217
269 272 275 279 282 285 289 292

376 381 385 390 395 400 404 409
336 340 344 348 352 357 361 366
111,869 127,698 152,842 164,593 117,462 134,083 160,484 172,823

71,406 78,707 92,681 98,756 74,976 82,642 97,315 103,694
39,060 47,447 56,034 60,773 41,012 49,819 58,835 63,812
14,769 17,669 24,765 27,854 15,508 18,552 26,003 29,247
89,105 95,140 101,311 112,683 119,193 128,440 137,895 148,894
31,736 33,361 35,021 37,983 39,731 41,516 43,339 47,859
58,101 62,274 66,540 74,447 78,949 87,183 95,608 100,503
19,835 21,623 23,452 26,905 28,837 30,813 32,832 36,559
200,973 222,839 254,153 277,276 236,655 262,523 298,380 321,717
123,056 140,468 168,126 181,053 129,209 147,491 176,532 190,105

98,015 104,654 111,442 123,951 131,112 141,283 151,685 163,783
221,071 245,122 279,568 305,004 260,320 288,775 328,218 353,888
20,097 22,284 25,415 27,728 23,665 26,252 29,838 32,172
37,962 42,808 50,615 53,846 37,962 42,808 50,615 53,846

365,000 385,000 405,000 445,000 465,000 495,000 525,000 560,000
5,343 6,071 7,230 7,739 5,525 6,279 7,484 8,031

44,659 47,427 50,218 55,467 58,694 62,931 67,236 72,301
50,002 53,498 57,448 63,206 64,219 69,211 74,720 80,332
70.0% 70.0% 70.0% 70.0% 70.0% 70.0% 70.0% 70.0%

70.0% 70.0% 70.0% 70.0% 70.0% 70.0% 70.0% 70.0%
86139 98328 117688 126737 90446 103244 123573 133074

68610 73258 78009 86766 91778 98898 106180 114648
154750 171586 195698 213503 182224 202142 229752 247722
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
20,097 22,284 25,415 27,728 23,665 26,252 29,838 32,172

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Staff: the number and s / n U 1 sq. 2Q.
The main production staff

Pharmacist
The number of employees pers. 1 1
Monthly salary of 1 employee thousand Roubles. 180 183
Technologist
Packer sorter
position 4
Total number of employees pers. 3 3
Payroll costs (quarter) thousand Roubles. 1,170 1,191
Auxiliary production personnel

cleaning woman
Loader
Driver
Payroll costs (quarter) thousand Roubles. 414 422
Administrative staff
Head of department
Accountant
position 3
commercial staff
Purchasing Manager
Sales Manager
position 3

Total labor costs in the quarter thousand Roubles. 2,694 2,743
Insurance premiums in the state budget funds

Insurance premiums for the basic production personnel thousand Roubles. 398 405
Insurance premiums for the auxiliary production personnel thousand Roubles. 141 143
Insurance premiums for administrative staff thousand Roubles. 306 312
Insurance premiums on commercial staff thousand Roubles. 71 73
Total contributions to the gov't. budgetary funds (a quarter) thousand Roubles. 916 933
Total wage costs and insurance premiums in the quarter thousand Roubles. 3,610 3,676
Payables to employees in the quarter

The main production staff
debt ratio % 0.0% 0.0%
The amount of debt at end of period thousand Roubles. 0 0
Auxiliary production personnel
Administrative staff
commercial staff
Total Payables to employees thousand Roubles. 0 0
e.com/en/analyses-reports/download-investment-project-in-excel
3Q. 4Q. 5 sq. 6 sq. 7 q. 8 q. 9 sq. 10 sq. 11 sq.
1 1 2 2 2 2 2 2 2
187 190 194 197 201 205 208 211 214
1 1 2 2 2 2 2 2 2
171 174 177 181 184 188 190 193 196
1 1 2 2 2 2 2 2 2
47 48 48 49 50 51 52 53 53
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
3 3 6 6 6 6 6 6 6
1,213 1,235 2,517 2,564 2,613 2,662 2,701 2,741 2,781
1 1 1 1 1 1 1 1 1
37 38 39 39 40 41 42 42 43
1 1 1 1 1 1 1 1 1
44 44 45 46 47 48 48 49 50
1 1 2 2 2 2 2 2 2
62 63 65 66 67 68 69 70 71
3 3 4 4 4 4 4 4 4
429 437 639 651 663 676 686 696 706
1 1 2 2 2 2 2 2 2
156 158 161 164 167 171 173 176 178
1 1 1 1 1 1 1 1 1
156 158 161 164 167 171 173 176 178
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
2 2 3 3 3 3 3 3 3
933 950 1,452 1,479 1,507 1,536 1,558 1,581 1,604
1 1 1 1 1 1 1 1 1
36 37 38 38 39 40 40 41 42
1 1 1 2 2 2 2 2 3
36 37 38 38 39 40 40 41 42
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
2 2 2 3 3 3 3 3 4
218 222 226 345 352 358 364 369 499
10 10 15 16 16 16 16 16 17
2,793 2,844 4,834 5,040 5,135 5,232 5,308 5,386 5,590
412 420 856 872 888 905 918 932 945

146 149 217 221 225 230 233 237 240
317 323 494 503 512 522 530 538 545
74 75 77 117 120 122 124 125 170
950 967 1,644 1,714 1,746 1,779 1,805 1,831 1,901
3,743 3,811 6,477 6,754 6,881 7,010 7,113 7,218 7,491
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

0 0 0 0 0 0 0 0 0
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

0 0 0 0 0 0 0 0 0
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

0 0 0 0 0 0 0 0 0
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
12 sq. 13 sq. 14 sq. 15 sq. 16 sq. 17 sq. 18 sq. 19 sq. 20 sq.
2 2 2 2 2 2 2 2 2
217 220 222 225 228 231 234 236 239
2 2 2 2 2 2 2 2 2
199 201 204 206 209 211 214 217 219
2 2 2 2 2 2 2 2 2
54 55 56 56 57 58 58 59 60
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
6 6 6 6 6 6 6 6 6
2,822 2,856 2,891 2,927 2,963 2,999 3,036 3,073 3,111
1 1 1 1 1 1 1 1 1
43 44 44 45 46 46 47 47 48
1 1 1 1 1 1 1 1 1
51 51 52 53 53 54 54 55 56
2 2 2 2 2 2 2 2 2
72 73 74 75 76 77 78 79 80
4 4 4 4 4 4 4 4 4
716 725 734 743 752 761 771 780 790
2 2 2 2 2 2 2 2 2
181 183 185 188 190 192 195 197 199
1 1 1 1 1 1 1 1 1
181 183 185 188 190 192 195 197 199
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
3 3 3 3 3 3 3 3 3
1,628 1,648 1,668 1,689 1,709 1,730 1,751 1,773 1,795
1 1 1 1 1 1 1 1 1
42 43 43 44 44 45 45 46 47
3 3 3 3 3 3 3 3 3
42 43 43 44 44 45 45 46 47
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
4 4 4 4 4 4 4 4 4
506 513 519 525 532 538 545 552 558
17 17 17 17 17 17 17 17 17
5,672 5,742 5,812 5,884 5,956 6,029 6,103 6,178 6,254
959 971 983 995 1,007 1,020 1,032 1,045 1,058

244 247 250 253 256 259 262 265 268
553 560 567 574 581 588 595 603 610
172 174 176 179 181 183 185 188 190
1,929 1,952 1,976 2,000 2,025 2,050 2,075 2,100 2,126
7,601 7,694 7,788 7,884 7,981 8,079 8,178 8,278 8,380
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

0 0 0 0 0 0 0 0 0
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

0 0 0 0 0 0 0 0 0
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

0 0 0 0 0 0 0 0 0
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
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Current expenses U 1 sq. 2Q.
Direct material costs

Gel dental restoration
The active substance (alfa-MSH)
Mat. the cost of meals. products mg 0.04 0.04
Unit price (with VAT) rub. 2520.00 2565.98
basis gel
Mat. the cost of meals. products ml 10.00 10.00
Packaging
Mat. the cost of meals. products u 1.00 1.00
Material expenses 4
Mat. the cost of meals. products u 0.00 0.00
Total direct mat. costs gdental restoration spruce thousand Roubles. 359.32 1280.58
including VAT thousand Roubles. 32.67 116.42

The active substance (alfa-MSH)
Mat. the cost of meals. products mg 0.01 0.01
Basis paste anticaries effect
Mat. the cost of meals. products ml 75.00 75.00
Total direct mat. costs ofubnuyu paste restoring teeth thousand Roubles. 3864.86 5830.18
including VAT thousand Roubles. 351.35 530.02
Total direct material costs thousand Roubles. 4,224 7,111

including VAT thousand Roubles. 384 646
The active substance (alfa-MSH) (VAT included) thousand Roubles. 310 1,105
Base gel (VAT) thousand Roubles. 46 164
Packaging (VAT) thousand Roubles. 3 11
Material expenses 4 (with VAT) thousand Roubles. 0 0
The active substance (alfa-MSH) (VAT included) thousand Roubles. 972 1,466
Basis paste anticaries effect (VAT) thousand Roubles. 2,893 4,364
Overhead expenses in the quarter

Electricity (with VAT) thousand Roubles. 20 20
Rent (VAT) thousand Roubles. 150 153
Total expenditures of 3 (with VAT) thousand Roubles. 0 0
Total expenditures of 4 (with VAT) thousand Roubles. 0 0
Total general operating costs in the quarter thousand Roubles. 170 173
Administrative expenses in the quarter

Administrative expenses 1 (including VAT) thousand Roubles. 0 0
Administrative expenses 2 (VAT) thousand Roubles. 0 0
Total administrative expenses thousand Roubles. 0 0
Selling expenses in the quarter

sales promotion (advertising, media, etc.) (including VAT) thousand Roubles. 500 509
Selling expenses 2 (VAT) thousand Roubles. 0 0
Selling expenses 3 (with VAT) thousand Roubles. 0 0
Total business expenses thousand Roubles. 500 509
The cost price of the product unit

Wages, salaries and insurance premiums rub. 87 54
Material costs (excluding VAT) rub. 106 108
Overhead costs (excluding VAT) rub. 4 2
Administrative expenses (excluding VAT) rub. 0 0
Selling and distribution expenses (excluding VAT) rub. 11 7
Depreciation rub. 0 0
taxes rub. 0 0
The cost price of the gel unit for dental restorations rub. 207 171
Wages, salaries and insurance premiums rub. 87 54
Material costs (excluding VAT) rub. 91 93
Overhead costs (excluding VAT) rub. 4 2
Administrative expenses (excluding VAT) rub. 0 0
Selling and distribution expenses (excluding VAT) rub. 11 7
Depreciation rub. 0 0
taxes rub. 0 0
The cost price of toothpaste unit, restoring teeth rub. 192 156
Advances and prepayment suppliers (a quarter)

% Of material expenses 1 (including VAT) % 0.0% 0.0%
% Of material costs 2 (VAT) % 0.0% 0.0%
% Of the material costs 3 (with VAT) % 0.0% 0.0%
Advance payment of material costs 1 thousand Roubles. 0 0
Deposit of material costs 3 thousand Roubles. 0 0
Total advances to suppliers of gel for teeth restoration thousand Roubles. 0 0
Total advances to suppliers of toothpaste, restoring teeth thousand Roubles. 3865 5830
overhead expenses
% Of general production costs (including VAT) % 100.0% 100.0%
Advance payment of overhead cost thousand Roubles. 170 173
Administrative expenses
% Of the administrative costs (including VAT) % 100.0% 100.0%
Advance payment of administrative costs thousand Roubles. 0 0
Selling expenses
% Of commercial expenses (including VAT) % 100.0% 100.0%
The advance of commercial expenses thousand Roubles. 500 509
Total advances to suppliers thousand Roubles. 4535 6512
Accounts payable to suppliers (in the quarter)

Crede. payable on material expenses 1 thousand Roubles. 0 0
Crede. arrears of material costs 2 thousand Roubles. 0 0
Crede. payable on material costs 4 thousand Roubles. 0 0
Total short-circuit to suppliers of gel for teeth restoration thousand Roubles. 0 0
Crede. arrears of material costs 2 thousand Roubles. 0 0
Total short-circuit to suppliers of toothpaste, restoring teeth thousand Roubles. 0 0
overhead expenses
% Of general production costs (including VAT) % 0.0% 0.0%
Crede. arrears of overhead cost thousand Roubles. 0 0
Administrative expenses
% Of the administrative costs (including VAT) % 0.0% 0.0%
Crede. payable administrative expenses thousand Roubles. 0 0
Selling expenses
% Of commercial expenses (including VAT) % 0.0% 0.0%
Crede. debt on commercial expenses thousand Roubles. 0 0
Total short-circuit to suppliers thousand Roubles. 0 0
om/en/analyses-reports/download-investment-project-in-excel
3Q. 4Q. 5 sq. 6 sq. 7 q. 8 q. 9 sq.
0.04 0.04 0.04 0.04 0.04 0.04 0.04

2612.79 2660.46 2710.57 2761.63 2813.65 2866.65 2908.71
10.00 10.00 10.00 10.00 10.00 10.00 10.00

1.56 1.58 1.61 1.64 1.67 1.71 1.73
1.00 1.00 1.00 1.00 1.00 1.00 1.00

1.02 1.03 1.05 1.07 1.09 1.11 1.13
0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00
2421.60 3793.51 4348.09 5020.65 6118.21 7050.95 8813.41
220.15 344.86 395.28 456.42 556.20 641.00 801.22
0.01 0.01 0.01 0.01 0.01 0.01 0.01

2612.79 2660.46 2710.57 2761.63 2813.65 2866.65 2908.71
75.00 75.00 75.00 75.00 75.00 75.00 75.00

1.04 1.06 1.08 1.10 1.12 1.14 1.15
8162.75 9822.89 18322.19 24157.69 38037.85 47873.00 56671.39
742.07 892.99 1665.65 2196.15 3457.99 4352.09 5151.94
10,584 13,616 22,670 29,178 44,156 54,924 65,485

962 1,238 2,061 2,653 4,014 4,993 5,953
2,090 3,274 3,753 4,334 5,281 6,086 7,607

190 298 341 394 480 553 692
311 487 558 645 786 906 1132
28 44 51 59 71 82 103
20 32 36 42 51 59 74
2 3 3 4 5 5 7
0 0 0 0 0 0 0
0 0 0 0 0 0 0
2,053 2,470 4,608 6,076 9,566 12,040 14,253

187 225 419 552 870 1,095 1,296
6,110 7,352 13,714 18,082 28,471 35,833 42,419
555 668 1,247 1,644 2,588 3,258 3,856
21 21 41 42 42 43 44
2 2 4 4 4 4 4
156 158 161 164 167 171 173
14 14 15 15 15 16 16
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
176 179 202 206 210 214 217
16 16 18 19 19 19 20
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
518 528 538 548 1,200 1,223 1,241

47 48 49 50 109 111 113
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
518 528 538 548 1,200 1,223 1,241
47 48 49 50 109 111 113
38 31 32 26 18 15 13
110 112 114 116 119 121 123
2 1 1 1 0 0 0
0 0 0 0 0 0 0
5 4 2 2 3 2 2
0 0 0 0 0 0 0
0 0 0 0 0 0 0
154 148 149 145 140 138 138
38 31 32 26 18 15 13
94 96 98 100 102 104 105
2 1 1 1 0 0 0
0 0 0 0 0 0 0
5 4 2 2 3 2 2
0 0 0 0 0 0 0
0 0 0 0 0 0 0
139 132 133 129 123 121 120
0.0% 0.0% 50.0% 50.0% 50.0% 50.0% 20.0%

0.0% 0.0% 100.0% 100.0% 100.0% 100.0% 50.0%
0.0% 0.0% 100.0% 100.0% 100.0% 100.0% 50.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0 0 1877 2167 2641 3043 1521
0 0 558 645 786 906 566
0 0 36 42 51 59 37
0 0 0 0 0 0 0
0 0 2472 2854 3478 4008 2124
100.0% 100.0% 50.0% 50.0% 50.0% 50.0% 20.0%

100.0% 100.0% 50.0% 50.0% 50.0% 50.0% 20.0%
2053 2470 2304 3038 4783 6020 2851
6110 7352 6857 9041 14236 17917 8484
8163 9823 9161 12079 19019 23936 11334
100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%

176 179 202 206 210 214 217
100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%

0 0 0 0 0 0 0
100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%

518 528 538 548 1200 1223 1241
8857 10530 12373 15687 23906 29381 14916
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

0 0 0 0 0 0 0
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

0 0 0 0 0 0 0
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

0 0 0 0 0 0 0
0 0 0 0 0 0 0
0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04

2951.39 2994.70 3038.65 3075.94 3113.69 3151.90 3190.58 3229.73 3269.37
10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00

1.76 1.78 1.81 1.83 1.85 1.88 1.90 1.92 1.95
1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00

1.15 1.16 1.18 1.20 1.21 1.23 1.24 1.26 1.27
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
10520.87 11956.28 13539.87 15460.41 17648.04 21122.94 22746.99 16233.43 18530.44
956.44 1086.93 1230.90 1405.49 1604.37 1920.27 2067.91 1475.77 1684.59
0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01

2951.39 2994.70 3038.65 3075.94 3113.69 3151.90 3190.58 3229.73 3269.37
75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00

1.17 1.19 1.21 1.22 1.24 1.25 1.27 1.28 1.30
66891.22 73826.53 82159.19 89282.72 95330.66 101513.59 112908.47 119430.92 128696.39
6081.02 6711.50 7469.02 8116.61 8666.42 9228.51 10264.41 10857.36 11699.67
77,412 85,783 95,699 104,743 112,979 122,637 135,655 135,664 147,227

7,037 7,798 8,700 9,522 10,271 11,149 12,332 12,333 13,384
9,081 10,320 11,687 13,345 15,233 18,233 19,634 14,012 15,995

826 938 1,062 1,213 1,385 1,658 1,785 1,274 1,454
1351 1536 1739 1986 2267 2713 2922 2085 2380
123 140 158 181 206 247 266 190 216
88 100 114 130 148 177 191 136 156
8 9 10 12 13 16 17 12 14
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
16,823 18,567 20,663 22,454 23,975 25,530 28,396 30,037 32,367

1,529 1,688 1,878 2,041 2,180 2,321 2,581 2,731 2,942
50,068 55,259 61,496 66,828 71,355 75,983 84,512 89,394 96,330
4,552 5,024 5,591 6,075 6,487 6,908 7,683 8,127 8,757
44 45 46 46 47 47 48 49 49
4 4 4 4 4 4 4 4 4
176 178 181 183 185 188 190 192 195
16 16 16 17 17 17 17 17 18
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
220 223 227 229 232 235 238 241 244
20 20 21 21 21 21 22 22 22
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
1,259 1,522 1,544 1,563 1,582 1,602 1,622 1,641 1,662

114 138 140 142 144 146 147 149 151
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
1,259 1,522 1,544 1,563 1,582 1,602 1,622 1,641 1,662
114 138 140 142 144 146 147 149 151
11 11 10 9 9 8 8 8 7
124 126 128 130 131 133 134 136 138
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
2 2 2 2 2 2 1 1 1
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
138 139 140 141 142 143 144 146 147
11 11 10 9 9 8 8 8 7
107 108 110 111 113 114 115 117 118
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
2 2 2 2 2 2 1 1 1
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
120 121 122 122 123 124 125 126 127
20.0% 20.0% 20.0% 20.0% 20.0% 20.0% 20.0% 20.0% 20.0%

50.0% 50.0% 50.0% 20.0% 20.0% 20.0% 20.0% 20.0% 20.0%
50.0% 50.0% 50.0% 20.0% 20.0% 20.0% 20.0% 20.0% 20.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
1816 2064 2337 2669 3047 3647 3927 2802 3199
676 768 870 397 453 543 584 417 476
44 50 57 26 30 35 38 27 31
0 0 0 0 0 0 0 0 0
2536 2882 3264 3092 3530 4225 4549 3247 3706
20.0% 20.0% 20.0% 20.0% 20.0% 20.0% 20.0% 20.0% 20.0%

20.0% 20.0% 20.0% 20.0% 20.0% 20.0% 20.0% 20.0% 20.0%
3365 3713 4133 4491 4795 5106 5679 6007 6473
10014 11052 12299 13366 14271 15197 16902 17879 19266
13378 14765 16432 17857 19066 20303 22582 23886 25739
100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%

220 223 227 229 232 235 238 241 244
100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%

0 0 0 0 0 0 0 0 0
100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%

1259 1522 1544 1563 1582 1602 1622 1641 1662
17393 19393 21467 22741 24410 26364 28991 29015 31351
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

0 0 0 0 0 0 0 0 0
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

0 0 0 0 0 0 0 0 0
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
19 sq. 20 sq.
0.04 0.04
3309.49 3350.11
10.00 10.00
1.97 1.99
1.00 1.00
1.29 1.30
0.00 0.00
0.00 0.00
22179.09 23884.34
2016.28 2171.30
0.01 0.01
3309.49 3350.11
75.00 75.00
1.31 1.33
138171.28 149191.42
12561.03 13562.86
160,350 173,076
14,577 15,734
19,144 20,616
1,740 1,874
2849 3068
259 279
186 200
17 18
0 0
0 0
34,750 37,521
3,159 3,411
103,422 111,670
9,402 10,152
50 50
5 5
197 199
18 18
0 0
0 0
0 0
0 0
247 250
22 23
0 0
0 0
0 0
0 0
0 0
0 0
1,682 1,703
153 155
0 0
0 0
0 0
0 0
1,682 1,703
153 155
The average value of cost data

2014 2015 2016 2017 2018
7 7 52 23 11 8 7
139 141 109 117 125 132 139
0 0 2 1 0 0 0
0 0 0 0 0 0 0
1 1 7 2 2 2 1
0 0 0 0 0 0 0
0 0 0 0 0 0 0
148 149 170 143 139 142 147
7 7 52 23 11 8 7
120 121 94 101 107 113 119
0 0 2 1 0 0 0
0 0 0 0 0 0 0
1 1 7 2 2 2 1
0 0 0 0 0 0 0
0 0 0 0 0 0 0
128 129 155 126 121 124 128
20.0% 20.0%
20.0% 20.0%
20.0% 20.0%
0.0% 0.0%
3829 4123
570 614
37 40
0 0
4436 4777
20.0% 20.0%
20.0% 20.0%
6950 7504
20684 22334
27634 29838
100.0% 100.0%
247 250
100.0% 100.0%
0 0
100.0% 100.0%
1682 1703
33999 36568
0.0% 0.0%
0.0% 0.0%
0.0% 0.0%
0.0% 0.0%
0 0
0 0
0 0
0 0
0 0
0.0% 0.0%
0.0% 0.0%
0 0
0 0
0 0
0.0% 0.0%
0 0
0.0% 0.0%
0 0
0.0% 0.0%
0 0
0 0
more: http://exceltable.com/en/analyses-reports
Working capital U 1 sq. 2Q. 3Q.
Current assets (excluding cash) thousand Roubles. 6,572 9,241 12,406

Current responsibility thousand Roubles. 1,004 2,066 3,188
Net working capital thousand Roubles. 5,568 7,175 9,218
Changes in net working capital thousand Roubles. 5,568 1,607 2,042
current assets
Finished goods inventory thousand Roubles. 2450 3320 4353
Receivables thousand Roubles. 0 0 0
advances to suppliers thousand Roubles. 4123 5920 8052
Total current assets (excluding cash) thousand Roubles. 6572 9241 12406
current liabilities
Accounts payable to suppliers thousand Roubles. 0 0 0
customer advances thousand Roubles. 0 0 0
Payables to employees thousand Roubles. 0 0 0
Debt interest payment thousand Roubles. 1004 2066 3188
Total current liabilities thousand Roubles. 1004 2066 3188
n/analyses-reports/download-investment-project-in-excel
14,851 33,496 42,444 63,883 78,621 117,671 138,487 154,196 171,988

4,375 5,630 6,957 7,356 0 0 0 0 0
10,476 27,866 35,487 56,527 78,621 117,671 138,487 154,196 171,988
1,258 17,390 7,621 21,040 22,093 39,051 20,816 15,709 17,792
5278 13105 16129 23169 28022 32634 37881 41734 46090

0 9,143 12,055 18,981 23,889 71,477 84,794 94,832 106,383
9573 11248 14260 21733 26710 13560 15812 17630 19515
14851 33496 42444 63883 78621 117671 138487 154196 171988
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
4375 5630 6957 7356 0 0 0 0 0
4375 5630 6957 7356 0 0 0 0 0
211,357 231,676 259,323 283,655 256,254 281,477 314,494 338,776

-26,401 -27,916 -29,517 -31,211 -33,001 -34,895 -36,897 -39,014
237,759 259,592 288,840 314,866 289,256 316,372 351,391 377,790
65,770 21,833 29,249 26,025 -25,610 27,116 35,019 26,399
50002 53498 57448 63206 64219 69211 74720 80332

140,681 155,987 177,907 194,093 165,658 183,766 208,866 225,202
20674 22191 23967 26355 26377 28501 30908 33243
211357 231676 259323 283655 256254 281477 314494 338776
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
-26401 -27916 -29517 -31211 -33001 -34895 -36897 -39014
-26401 -27916 -29517 -31211 -33001 -34895 -36897 -39014
Intangible assets and fixed assets Value U 1 sq. 2Q.
The planned acquisition of AT

The patent on the gel
Cost ON (VAT) 10 thousand Roubles.
including VAT 1 thousand Roubles.
Payment Schedule TO 100% 0%
Depreciation (straight method) 1% %
Investments in ON thousand Roubles. 10 0

The amount of accumulated investments in TO thousand Roubles. 9 9
Pending cap. attachments thousand Roubles. 0 0
Initial cost thousand Roubles. 9 9
Depreciation thousand Roubles. 0 0
Accumulated depreciation thousand Roubles. 0 0
Book (residual) value thousand Roubles. 9 9
on the paste Patent

Cost ON (VAT) 9 thousand Roubles.
Payment Schedule TO 100% 0%

The amount of accumulated investments in TO thousand Roubles. 8 8
in total
residual value thousand Roubles. 17 17
Planned to acquire the OS

Line for the production of the gel and paste
Operating cost (including VAT) 1,500 thousand Roubles.
OS payment schedule 5% 5%
Investments in OS thousand Roubles. 75 75

The amount of accumulated investments in OS thousand Roubles. 68 136
packing machine
Operating cost (including VAT) 450 thousand Roubles.

Truck

Name of OS 4

in total
residual value thousand Roubles. 0 0
The average value of the property for the period thousand Roubles. 0 0
The amount of property tax thousand Roubles. 0 0

more: http://exceltable.com/en/
3Q. 4Q. 5 sq. 6 sq. 7 q. 8 q. 9 sq.
0% 0% 0% 0% 0% 0% 0%
0 0 0 0 0 0 0
0 0 0 0 0 0 0
9 9 9 9 9 9 9
0 0 0 0 0 0 0
9 9 9 9 9 9 9
0 0 0 0 0 0 0
0 0 0 0 0 0 0
9 9 9 9 9 9 9
0% 0% 0% 0% 0% 0% 0%
0 0 0 0 0 0 0
0 0 0 0 0 0 0
8 8 8 8 8 8 8
0 0 0 0 0 0 0
8 8 8 8 8 8 8
0 0 0 0 0 0 0
0 0 0 0 0 0 0
8 8 8 8 8 8 8
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
17 17 17 17 17 17 17
0 0 0 0 0 0 0
0 0 0 0 0 0 0
17 17 17 17 17 17 17
5% 5% 5% 5% 10% 10% 10%
75 75 75 75 150 150 150

7 7 7 7 14 14 14
205 273 341 409 545 682 818
205 273 341 409 545 682 818
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
5% 5% 10% 10% 10% 10% 10%
23 23 45 45 45 45 45
2 2 4 4 4 4 4
87 107 148 189 230 271 312
87 107 148 189 230 271 312
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
5% 5% 10% 10% 10% 10% 10%
16 16 32 32 32 32 32
1 1 3 3 3 3 3
43 57 86 115 143 172 200
43 57 86 115 143 172 200
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0% 0% 0% 0% 0% 0% 0%
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
113 113 152 152 227 227 227

10 10 14 14 21 21 21
334 437 575 713 919 1,125 1,331
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
ttp://exceltable.com/en/analyses-reports/download-investment-project-in-excel
10 sq. 11 sq. 12 sq. 13 sq. 14 sq. 15 sq. 16 sq.
0% 0% 0% 0% 0% 0% 0%
0 0 0 0 0 0 0
0 0 0 0 0 0 0
9 9 9 9 9 9 9
0 0 0 0 0 0 0
9 9 9 9 9 9 9
0 0 0 0 0 0 0
0 0 0 0 0 0 0
9 9 9 9 9 9 9
0% 0% 0% 0% 0% 0% 0%
0 0 0 0 0 0 0
0 0 0 0 0 0 0
8 8 8 8 8 8 8
0 0 0 0 0 0 0
8 8 8 8 8 8 8
0 0 0 0 0 0 0
0 0 0 0 0 0 0
8 8 8 8 8 8 8
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
17 17 17 17 17 17 17
0 0 0 0 0 0 0
1 1 1 1 1 1 1
17 17 17 17 17 16 16
10% 10% 10% 10% 0% 0% 0%
150 150 150 150 0 0 0

14 14 14 14 0 0 0
955 1091 1227 1364 1364 1364 1364
955 1091 1227 0 0 0 0
0 0 0 1364 1364 1364 1364
0 0 0 17 17 17 17
0 0 0 17 34 51 68
0 0 0 1347 1330 1313 1295
10% 10% 10% 0% 0% 0% 0%
45 45 45 0 0 0 0
4 4 4 0 0 0 0
353 394 435 435 435 435 435
353 394 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
10% 10% 10% 0% 0% 0% 0%
32 32 32 0 0 0 0
3 3 3 0 0 0 0
229 258 286 286 286 286 286
229 258 0 0 0 0 0
0 0 286 286 286 286 286
0 0 4 4 4 4 4
0 0 4 7 11 14 18
0 0 283 279 276 272 268
0% 0% 0% 0% 0% 0% 0%
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
227 227 227 150 0 0 0

21 21 21 14 0 0 0
1,536 1,742 1,227 0 0 0 0
0 0 286 1,650 1,650 1,650 1,650
0 0 4 21 21 21 21
0 0 4 24 45 65 86
0 0 283 1,626 1,605 1,585 1,564
0 0 141 954 1615 1595 1574
0 0 3 19 32 32 31
17 sq. 18 sq. 19 sq. 20 sq. in total Control
0% 0% 0% 0% 100% 1
0 0 0 0 10 1
0 0 0 0 1 1
9 9 9 9
0 0 0 0
9 9 9 9
0 0 0 0 1
0 1 1 1
9 9 9 9
0% 0% 0% 0% 100% 1
0 0 0 0 9 1
0 0 0 0 1 1
8 8 8 8
0 0 0 0
8 8 8 8
0 0 0 0 1
0 0 0 1
8 8 8 8
0 0 0 0
0 0 0 0
0 0 0 0
17 17 17 17
0 0 0 0
1 1 1 1
16 16 16 16
0% 0% 0% 0% 100% 1
0 0 0 0 1500 1
0 0 0 0 136 1
1364 1364 1364 1364
0 0 0 0
1364 1364 1364 1364
17 17 17 17 136
85 102 119 136
1278 1261 1244 1227
0% 0% 0% 0% 100% 1
0 0 0 0 475.5 0
0 0 0 0 41 1
435 435 435 435
0 0 0 0
0 0 0 0
0 0 0 0 0
0 0 0 0
0 0 0 0
0% 0% 0% 0% 100% 1
0 0 0 0 315 1
0 0 0 0 29 1
286 286 286 286
0 0 0 0
286 286 286 286
4 4 4 4 32
21 25 29 32
265 261 258 254
0% 0% 0% 0% 0% 0
0 0 0 0 0 1
0 0 0 0 0 1
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0 2,291 0
0 0 0 0 206 1
0 0 0 0
1,650 1,650 1,650 1,650 13,486
21 21 21 21 169 1
107 127 148 169
1,543 1,523 1,502 1,481 12,712
1554 1533 1512 1492
31 31 30 30
more: http://exceltable.com/en/analy
Sources of financing U 1 sq.
Equity
charter capital thousand Roubles. 170
Capitalization (change) thousand Roubles. 120
Shareholders' equity (change) thousand Roubles. 50
Targeted financing (change) thousand Roubles. 1,000
Total Equity thousand Roubles. 1,170
Long-term borrowings
Long-term credit (loan) 1
Annual percentage rate % 25%
Quarterly interest rate % 6%
Proceeds from the loan thousand Roubles. 17,500
the loan return thousand Roubles. 0
The amount of the loan at the period end thousand Roubles. 17,500
Accrued interest payable thousand Roubles. 1004.00
Interest paid on the loan thousand Roubles. 0.00
Arrears in payment of interest at the end of the period thousand Roubles. 1,004.0
The amount of accrued but unpaid interest thousand Roubles. 1,004.0
long-term loan payable (loan) 1 thousand Roubles. 18,504
Long-term credit (loan) 2
Proceeds from the loan thousand Roubles. 0
The amount of the loan - an auxiliary line thousand Roubles. 0
The amount of the loan at the period end thousand Roubles. 0
Interest paid on the loan thousand Roubles. 0
Arrears in payment of interest at the end of the period thousand Roubles. 0.0
The amount of accrued but unpaid interest thousand Roubles. 0.0
long-term loan payable (loan) 2 thousand Roubles. 0
long-term Borrowings thousand Roubles. 18,504
Short-term borrowings
Short-term credit (loan) 1
Short-term debt (loan) 1 thousand Roubles. 0
Short-term credit (loan) 2
Short-term debt (loan) 2 thousand Roubles. 0
Short-term Borrowings thousand Roubles. 0
Reference: The available funds thousand Roubles. 13,757
WACC calculation
Own funds thousand Roubles. 1,170
Borrowed funds thousand Roubles. 18,504
in total thousand Roubles. 19,674
The share of own funds % 5.95%
Leverage ratio % 94.05%
The cost of equity % 8.78%
Cost of borrowing % 5.74%
WACC % 4.84%
Динамика с
10%
9%
8%
7%
6%
5%
4%
3%
2%
1%
0%
2Q.
3Q.
5 sq.
6 sq.
1 sq.
4Q.
Required ra
xceltable.com/en/analyses-reports/download-investment-project-in-excel
2Q. 3Q. 4Q. 5 sq. 6 sq. 7 q. 8 q. 9 sq. 10 sq.
0 0 0 0 0 50 0 50 0
0 0 0 0 0 0 0 50 0
0 0 0 0 1,000 0 0 0 0
1,170 1,170 1,170 1,170 2,170 2,220 2,220 2,270 2,270
25% 25% 25% 25% 25% 25% 25% 25% 25%

6% 6% 6% 6% 6% 6% 6% 6% 6%
0 0 0 0 0 0 0 0 0
0 0 0 0 0 -17,500 0 0 0
17,500 17,500 17,500 17,500 17,500 0 0 0 0
1061.60 1122.50 1186.90 1255.00 1327.00 399.13 422.03 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 7778.20 0.00 0.00
1,061.6 1,122.5 1,186.9 1,255.0 1,327.0 399.1 -7,356.2 0.0 0.0
2,065.6 3,188.1 4,375.0 5,630.0 6,957.0 7,356.1 0.0 0.0 -0.1
19,566 20,688 21,875 23,130 24,457 7,356 0 0 0
0% 0% 0% 0% 0% 0% 0% 0% 0%
0% 0% 0% 0% 0% 0% 0% 0% 0%
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0 0 0 0 0 0 0 0 0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0 0 0 0 0 0 0 0 0
19,566 20,688 21,875 23,130 24,457 7,356 0 0 0
0% 0% 0% 0% 0% 0% 0% 0% 0%
0% 0% 0% 0% 0% 0% 0% 0% 0%
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0 0 0 0 0 0 0 0 0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0 0 0 0 0 0 0 0 0
0% 0% 0% 0% 0% 0% 0% 0% 0%
0% 0% 0% 0% 0% 0% 0% 0% 0%
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0 0 0 0 0 0 0 0 0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
17,368 27,168 45,279 45,342 59,762 48,158 64,521 67,203 97,341
1,170 1,170 1,170 1,170 2,170 2,220 2,220 2,270 2,270

19,566 20,688 21,875 23,130 24,457 7,356 0 0 0
20,736 21,858 23,045 24,300 26,627 9,576 2,220 2,270 2,270
5.64% 5.35% 5.08% 4.81% 8.15% 23.18% 100.00% 100.00% 100.00%
94.36% 94.65% 94.92% 95.19% 91.85% 76.82% 0.00% 0.00% 0.00%
8.78% 8.78% 8.78% 8.78% 8.78% 8.78% 8.78% 8.78% 8.78%
5.74% 5.74% 5.74% 5.74% 5.74% 5.74% 0.00% 0.00% 0.00%
4.83% 4.81% 4.80% 4.79% 4.93% 5.56% 8.78% 8.78% 8.78%
Динамика стоимости финансирования

10%
9%
8%
7%
6%
5%
4%
3%
2%
1%
0%
8 q.
10 sq.
11 sq.
12 sq.
13 sq.
14 sq.
15 sq.
16 sq.
17 sq.
18 sq.
19 sq.
20 sq.
2Q.
3Q.
5 sq.
6 sq.
7 q.
9 sq.
1 sq.
4Q.
Required rate of return WACC

50 0 50 0 0 0 0 0 0
0 0 50 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
2,320 2,320 2,370 2,370 2,370 2,370 2,370 2,370 2,370
25% 25% 25% 25% 25% 25% 25% 25% 25%

6% 6% 6% 6% 6% 6% 6% 6% 6%
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0.00 0.00 0.00 -1514.67 -1601.57 -1693.45 -1790.61 -1893.33 -2001.96
0.00 0.00 26401.10 0.00 0.00 0.00 0.00 0.00 0.00
0.0 0.0 -26,401.1 -1,514.7 -1,601.6 -1,693.5 -1,790.6 -1,893.3 -2,002.0
-0.1 -0.1 -26,401.2 -27,915.8 -29,517.4 -31,210.8 -33,001.4 -34,894.8 -36,896.7
0 0 -26,401 -27,916 -29,517 -31,211 -33,001 -34,895 -36,897
0% 0% 0% 0% 0% 0% 0% 0% 0%
0% 0% 0% 0% 0% 0% 0% 0% 0%
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0 0 0 0 0 0 0 0 0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0 0 0 0 0 0 0 0 0
0 0 -26,401 -27,916 -29,517 -31,211 -33,001 -34,895 -36,897
0% 0% 0% 0% 0% 0% 0% 0% 0%
0% 0% 0% 0% 0% 0% 0% 0% 0%
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0 0 0 0 0 0 0 0 0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0 0 0 0 0 0 0 0 0
0% 0% 0% 0% 0% 0% 0% 0% 0%
0% 0% 0% 0% 0% 0% 0% 0% 0%
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0 0 0 0 0 0 0 0 0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
139,930 188,937 221,333 288,032 365,251 454,630 563,047 630,926 709,947
2,320 2,320 2,370 2,370 2,370 2,370 2,370 2,370 2,370

0 0 -26,401 -27,916 -29,517 -31,211 -33,001 -34,895 -36,897
2,320 2,320 -24,031 -25,546 -27,147 -28,841 -30,631 -32,525 -34,527
100.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
8.78% 8.78% 8.78% 8.78% 8.78% 8.78% 8.78% 8.78% 8.78%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
8.78% 8.78% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Средневзвешенная стоимость привлекаемого
финансирования
10.00%
9.00%
8.00%
7.00%
6.00%
5.00%
4.00% WACC,
3.00% %
2.00%
1.00%
0.00%
7 q.
10 sq.
13 sq.
14 sq.
18 sq.
19 sq.
20 sq.
1 sq.
2Q.
3Q.
4Q.
5 sq.
6 sq.
8 q.
9 sq.
11 sq.
12 sq.
15 sq.
16 sq.
17 sq.
20 sq.
0
0
2,370
25%
6%
0
0
0
-2116.81
0.00
-2,116.8
-39,013.6
-39,014
0%
0%
0
0
0
0
0.0
0
0.0
0.0
0
-39,014
0%
0%
0
0
0
0
0.0
0
0.0
0.0
0
0%
0%
0
0
0
0
0.0
0
0.0
0.0
0
0
806,905
2,370
-39,014
-36,644
0.00%
0.00%
8.78%
0.00%
0.00%
влекаемого
WACC,
%
19 sq.
20 sq.
more: http://exceltable.com/en/analyses-reports/download-investment-project-in-excel
Qualitative analysis of project risks
identification of risks
Possible damage (estimate)
Name Causes of
construction risk -
Damage is estimated in the amount of monthly
Technical and technological risk Failure of equipment sales and purchase of a new machine, ie, 16.5
mln
Damage is estimated at less than the quantitative
marketing risk Change of market conditions
risk assessment
Damage is estimated in the amount of monthly
The risk of the project participants Disruption of supplies of components
sales, ie 15 million rubles
environmental risk leak components The penalty for violation of environmental
The need to change the frame - the cost of finding
social risk Conflicts in the team
new employees + temporary inefficiency
Organizational and management risk management errors It depends on the error konrektnoy
The need to reissue a patent - 10 thousand

Regulatory (legal) risk Problems with the patent
rubles.
Damage is estimated at less than the quantitative

financial risk The growth of interest rates
risk assessment
specific risk Ban the use of a hormone used in Russia Stopping production
The need for a new lease - 150 thousand rubles +
Force Majeure Shop roof collapse
the cost of finding new premises
Quantitative project risk analysis (sensitivity analysis)
The base value NPV 382286 thousand Roubles.
Risk factors % Change in the risk factor NPVn (thous. Rubles).

1 2 3
The average price of a gel 10% 318624
The average price of pasta 10% 331220
Volume of sales 10% 328117
interest rate 10% 372567
The cost of the main component drugs 10% 359819
nload-investment-project-in-excel
Measures to combat the risk
Briefing on the work of staff, regular inspections and repairs
The ineffectiveness of the advertising company; incorrect

definition of price segments and pricing
Long-term contracts, the formation of adequate supplies of
necessary materials
Compliance with safety regulations
Competent selection of personnel; a clear distinction between
the rules and functions of each employee; measures to
improve the working climate, motivation
Kvalitsifirovannogo selection of personnel, the development of

long-term and short-term development strategy
Preliminary study of patent issues and the implementation of

all necessary measures to prevent problems
Formation and investment capital investments to guarantee
the establishment of a stable situation; use of financial
instruments to create a package imunnogo
Translation production to another country
Regular monitoring, if necessary repair
% Change NPV Elasticity Rating

4 5 = 4/2 6
-17% -1.67 1
-13% -1.34 3
-14% -1.42 2
-3% -0.25 5
-6% -0.59 4
more: http://exceltable.com/en/analyses-reports/dow
the company's financial status report (thous. rubles). U 1 sq. 2Q. 3Q.
1. ASSETS
permanent assets
- book value thousand Roubles. 17 17 17
- Depreciation thousand Roubles. 0 0 0
- residual value thousand Roubles. 17 17 17
Unfinished capital investments thousand Roubles. 128 231 334
current assets
- current assets thousand Roubles. 6,572 9,241 12,406
- VAT as an asset thousand Roubles. 0 0 0
- free cash flow thousand Roubles. 13,757 17,368 27,168
= Total Current assets thousand Roubles. 20,329 26,609 39,573
= Total assets thousand Roubles. 20,475 26,858 39,925
2. LIABILITIES
Sources of own funds
The authorized capital, including thousand Roubles. 170 170 170
- founding capital thousand Roubles. 120 120 120
- share capital thousand Roubles. 50 50 50
Special-purpose financing thousand Roubles. 1,000 1,000 1,000
Retained profit (+) / Loss (-) thousand Roubles. 801 6,122 18,067
= Total shareholders' equity thousand Roubles. 1,971 7,292 19,237
Long-term liabilities (loans) thousand Roubles. 17,500 17,500 17,500
current liabilities
- short-term borrowings thousand Roubles. 0 0 0
- Current responsibility thousand Roubles. 1,004 2,066 3,188
= Total current liabilities thousand Roubles. 1,004 2,066 3,188
= Total liabilities thousand Roubles. 20,475 26,858 39,925
the balance 0 0 0
en/analyses-reports/download-investment-project-in-excel
17 17 17 17 17 17 17 17 304
0 0 0 0 0 0 1 1 4
17 17 17 17 17 17 17 17 299
437 575 713 919 1,125 1,331 1,536 1,742 1,227
14,851 33,496 42,444 63,883 78,621 117,671 138,487 154,196 171,988

0 0 0 0 0 0 0 0 0
45,279 45,342 59,762 48,158 64,521 67,203 97,341 139,930 188,937
60,130 78,838 102,206 112,042 143,142 184,875 235,827 294,126 360,925
60,584 79,430 102,936 112,977 144,283 186,222 237,381 295,885 362,452
170 170 170 170 170 220 220 220 220

120 120 120 120 120 120 120 120 120
50 50 50 50 50 100 100 100 100
1,000 1,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000
37,539 55,130 76,309 103,451 142,113 184,002 235,161 293,665 360,666
38,709 56,300 78,479 105,621 144,283 186,222 237,381 295,885 362,886
17,500 17,500 17,500 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
4,375 5,630 6,957 7,356 0 0 0 0 0
4,375 5,630 6,957 7,356 0 0 0 0 0
60,584 79,430 102,936 112,977 144,283 186,222 237,381 295,885 362,886
0 0 0 0 0 0 0 0 -435
1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667

25 46 66 87 108 128 149 170
1,642 1,622 1,601 1,580 1,560 1,539 1,518 1,498
0 0 0 0 0 0 0 0
211,357 231,676 259,323 283,655 256,254 281,477 314,494 338,776

0 0 0 0 0 0 0 0
221,333 288,032 365,251 454,630 563,047 630,926 709,947 806,905
432,690 519,708 624,574 738,285 819,301 912,403 1,024,441 1,145,681
434,333 521,330 626,175 739,866 820,861 913,942 1,025,960 1,147,179
270 270 270 270 270 270 270 270

120 120 120 120 120 120 120 120
150 150 150 150 150 150 150 150
2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000
458,898 547,410 653,857 769,241 852,027 947,002 1,061,021 1,184,357
461,168 549,680 656,127 771,511 854,297 949,272 1,063,291 1,186,627
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
-26,401 -27,916 -29,517 -31,211 -33,001 -34,895 -36,897 -39,014
-26,401 -27,916 -29,517 -31,211 -33,001 -34,895 -36,897 -39,014
434,767 521,764 626,610 740,300 821,295 914,377 1,026,394 1,147,613
-435 -435 -435 -435 -435 -435 -435 -435

more: http://exceltable.com/en/analyses-reports/d
Profit and loss account (thousand. Rub.) U 1 sq. 2Q. 3Q.
revenue thousand Roubles. 8,860 17,412 28,927

- cost of goods sold thousand Roubles. -6,117 -8,783 -11,983
materials thousand Roubles. -3,840 -6,464 -9,622
salary thousand Roubles. -1,170 -1,191 -1,213
taxes attributable to the current results thousand Roubles. -398 -405 -412
overhead expenses thousand Roubles. -709 -722 -735
depreciation thousand Roubles. 0 0 0
Gross profit thousand Roubles. 2,743 8,629 16,944

- Administrative expenses thousand Roubles. -1,206 -1,228 -1,250
- Selling expenses thousand Roubles. -736 -749 -763
Profit (loss) on sales thousand Roubles. 801 6,652 14,931

- taxes included in financial results thousand Roubles. 0 0 0
- Percentage to be paid thousand Roubles. 0 0 0
Profit (loss) before tax thousand Roubles. 801 6,652 14,931

The amount of losses carried forward thousand Roubles. 0 0 0
The tax base thousand Roubles. 0 6,652 14,931
- income tax thousand Roubles. 0 1,330 2,986
Net income (loss) thousand Roubles. 801 5,321 11,945

- dividends thousand Roubles. 0 0 0
= Retained earnings thousand Roubles. 801 5,321 11,945

= The same cumulative total thousand Roubles. 801 6,122 18,067
Chart Titl
12
10
0
41,174 49,748 60,438 82,232 98,797 120,331 142,885 160,193 179,967

-14,783 -25,022 -31,022 -44,722 -54,598 -64,267 -75,179 -82,860 -91,949
-12,379 -20,609 -26,526 -40,142 -49,931 -59,532 -70,375 -77,984 -86,999
-1,235 -2,517 -2,564 -2,613 -2,662 -2,701 -2,741 -2,781 -2,822
-420 -856 -872 -888 -905 -918 -932 -945 -959
-749 -1,040 -1,059 -1,079 -1,100 -1,116 -1,132 -1,149 -1,166
0 0 0 0 0 0 0 0 -4
26,391 24,726 29,417 37,510 44,199 56,064 67,706 77,333 88,018

-1,273 -1,946 -1,982 -2,020 -2,058 -2,088 -2,119 -2,150 -2,181
-777 -792 -961 -1,562 -1,592 -1,615 -1,639 -2,052 -2,083
24,341 21,988 26,473 33,928 40,550 52,361 63,948 73,131 83,754

0 0 0 0 0 0 0 0 -3
0 0 0 0 7,778 0 0 0 0
24,341 21,988 26,473 33,928 48,328 52,361 63,948 73,131 83,751

0 0 0 0 0 0 0 0 0
24,341 21,988 26,473 33,928 48,328 52,361 63,948 73,131 83,751
4,868 4,398 5,295 6,786 9,666 10,472 12,790 14,626 16,750
19,473 17,591 21,179 27,142 38,662 41,889 51,159 58,505 67,001

0 0 0 0 0 0 0 0 0
19,473 17,591 21,179 27,142 38,662 41,889 51,159 58,505 67,001

37,539 55,130 76,309 103,451 142,113 184,002 235,161 293,665 360,666
Chart Title
Row 32
200,973 222,839 254,153 277,276 236,655 262,523 298,380 321,717

-100,249 -107,797 -116,639 -128,538 -128,610 -139,186 -151,181 -162,816
-95,221 -102,708 -111,488 -123,323 -123,331 -133,843 -145,773 -157,342
-2,856 -2,891 -2,927 -2,963 -2,999 -3,036 -3,073 -3,111
-971 -983 -995 -1,007 -1,020 -1,032 -1,045 -1,058
-1,180 -1,195 -1,209 -1,224 -1,239 -1,254 -1,270 -1,285
-21 -21 -21 -21 -21 -21 -21 -21
100,724 115,041 137,513 148,739 108,045 123,337 147,198 158,901

-2,208 -2,235 -2,263 -2,290 -2,318 -2,347 -2,376 -2,405
-2,108 -2,134 -2,160 -2,187 -2,214 -2,241 -2,268 -2,296
96,408 110,672 133,091 144,261 103,513 118,749 142,554 154,200

-19 -32 -32 -31 -31 -31 -30 -30
26,401 0 0 0 0 0 0 0
122,790 110,640 133,059 144,230 103,482 118,719 142,524 154,170

0 0 0 0 0 0 0 0
122,790 110,640 133,059 144,230 103,482 118,719 142,524 154,170
24,558 22,128 26,612 28,846 20,696 23,744 28,505 30,834
98,232 88,512 106,447 115,384 82,786 94,975 114,019 123,336

0 0 0 0 0 0 0 0
98,232 88,512 106,447 115,384 82,786 94,975 114,019 123,336

458,898 547,410 653,857 769,241 852,027 947,002 1,061,021 1,184,357
more: http://exceltable.com/en/analyses-repo
Cash flow statement (thous. Rubles). U 1 sq. 2Q.
Cash flows from operating activities thousand Roubles. 813 5,332

Business receipts thousand Roubles. 9,746 19,153
Costs of materials thousand Roubles.-4,224 -7,111
Labor costs thousand Roubles.-2,694 -2,743
Total costs thousand Roubles. -670 -682
taxes thousand Roubles.-1,345 -3,285
VAT received 886 1,741
VAT paid 457 719
VAT to be paid to (+) / repayment (-) 429 1,022
Insurance premiums in the gov't. extrabudgetary funds 916 933
Property tax 0 0
Tax on profits 0 1,330
Payment of interest on loans thousand Roubles. 0 0
Cash flows from investing activities thousand Roubles. -5,726 -1,720

Investments in fixed assets thousand Roubles. -158 -113
Investments in working capital thousand Roubles. -5,568 -1,607
Cash flows from financing activities thousand Roubles. 18,670 0

Revenues up capital thousand Roubles. 120 0
Proceeds of the share capital thousand Roubles. 50 0
Special-purpose financing thousand Roubles. 1,000 0
receipt of loans thousand Roubles. 17,500 0
loan repayment thousand Roubles. 0 0
Dividend payment thousand Roubles. 0 0
Total cash flow for the period thousand Roubles. 13,757 3,612
Cash eop thousand Roubles. 13,757 17,368
e.com/en/analyses-reports/download-investment-project-in-excel
3Q. 4Q. 5 sq. 6 sq. 7 q. 8 q. 9 sq. 10 sq. 11 sq.
11,955 19,483 17,604 21,193 27,163 38,683 41,909 51,179 58,525

31,820 45,291 54,722 66,482 90,455 108,677 132,364 157,173 176,212
-10,584 -13,616 -22,670 -29,178 -44,156 -54,924 -65,485 -77,412 -85,783
-2,793 -2,844 -4,834 -5,040 -5,135 -5,232 -5,308 -5,386 -5,590
-695 -707 -740 -754 -1,410 -1,436 -1,457 -1,479 -1,745
-5,793 -8,640 -8,874 -10,317 -12,592 -16,180 -18,204 -21,717 -24,568
2,893 4,117 4,975 6,044 8,223 9,880 12,033 14,288 16,019
1,036 1,312 2,142 2,735 4,163 5,144 6,106 7,192 7,978
1,857 2,805 2,833 3,309 4,060 4,735 5,927 7,096 8,042
950 967 1,644 1,714 1,746 1,779 1,805 1,831 1,901
0 0 0 0 0 0 0 0 0
2,986 4,868 4,398 5,295 6,786 9,666 10,472 12,790 14,626
0 0 0 0 0 7,778 0 0 0
-2,156 -1,371 -17,542 -7,773 -21,267 -22,320 -39,277 -21,042 -15,936

-113 -113 -152 -152 -227 -227 -227 -227 -227
-2,042 -1,258 -17,390 -7,621 -21,040 -22,093 -39,051 -20,816 -15,709
0 0 0 1,000 -17,500 0 50 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 50 0 0
0 0 0 1,000 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 -17,500 0 0 0 0
0 0 0 0 0 0 0 0 0
9,799 18,112 63 14,420 -11,604 16,363 2,682 30,137 42,590

27,168 45,279 45,342 59,762 48,158 64,521 67,203 97,341 139,930
67,025 98,266 88,532 106,468 115,405 82,806 94,996 114,040 123,357

197,964 221,071 245,122 279,568 305,004 260,320 288,775 328,218 353,888
-95,699 -104,743 -112,979 -122,637 -135,655 -135,664 -147,227 -160,350 -173,076
-5,672 -5,742 -5,812 -5,884 -5,956 -6,029 -6,103 -6,178 -6,254
-1,771 -1,793 -1,815 -1,837 -1,859 -1,882 -1,905 -1,929 -1,952
-27,797 -36,928 -35,984 -42,744 -46,129 -33,939 -38,544 -45,721 -49,250
17,997 20,097 22,284 25,415 27,728 23,665 26,252 29,838 32,172
8,881 9,699 10,436 11,316 12,501 12,504 13,557 14,753 15,912
9,115 10,399 11,848 14,100 15,226 11,161 12,695 15,085 16,260
1,929 1,952 1,976 2,000 2,025 2,050 2,075 2,100 2,126
3 19 32 32 31 31 31 30 30
16,750 24,558 22,128 26,612 28,846 20,696 23,744 28,505 30,834
0 26,401 0 0 0 0 0 0 0
-18,018 -65,920 -21,833 -29,249 -26,025 25,610 -27,116 -35,019 -26,399

-227 -150 0 0 0 0 0 0 0
-17,792 -65,770 -21,833 -29,249 -26,025 25,610 -27,116 -35,019 -26,399
0 50 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 50 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
49,007 32,396 66,699 77,219 89,379 108,416 67,879 79,021 96,957

188,937 221,333 288,032 365,251 454,630 563,047 630,926 709,947 806,905
re: http://exceltable.com/en/analyses-reports/download-investment-project-in-exce
analysis of the project U 1 sq. 2Q.
Key Performance Indicators

Cash flow thousand Roubles. -4,913 3,612
Cash flow on an accrual basis thousand Roubles. -4,913 -1,302
Discount coefficient 0.9538 0.9540
discount function 0.9538 0.9099
Discounted Cash Flow thousand Roubles. -4,686 3,286
Discounted cash flow on an accrual basis thousand Roubles. -4,686 -1,400
The calculation of the terminal value of the project 2014 2015

Free cash flow 26,609 27,964
The average growth rate FCF - 5%
The average annual discount rate in the forecast period 21% 26%
Temp FCF Target growth 0%
The discount rate in the post-forecast period 0%
The terminal value of the project -
NPV 382,286 thousand Roubles.

IRR 149%
PP 0.5 years
DPP 0.5 years
IP 19
Analysis breakeven point

Initial data U 1 sq. 2Q.
product 1
Volume of production PC. 3,077 10,769
Variable costs per unit rub. 106 108
fixed costs thousand Roubles. 312 681
Price rub. 1,450 1,411
product 2
Volume of production PC. 38,571 57,143
Variable costs per unit rub. 91 93
fixed costs thousand Roubles. 3,907 3,615
Price rub. 221 234
Analysis breakeven point U 1 sq. 2Q.

product 1
Breakeven point PC. 232 523
Breakeven point thousand Roubles. 336 738
minimum price rub. 207 171
absolute deviation thousand Roubles. 4,125 14,458
Margin of safety % 1226.6% 1959.6%
product 2
Breakeven point PC. 30,138 25,556
Breakeven point thousand Roubles. 6,653 5,985
minimum price rub. 192 156
absolute deviation thousand Roubles. 1,862 7,397
Margin of safety % 28% 124%
Break-even point of Product 1
180,000
160,000
140,000
120,000
100,000
80,000
60,000
40,000
20,000
0
7 q.
8 q.
17 sq.
1 sq.
2Q.
3Q.
5 sq.
6 sq.
9 sq.
10 sq.
11 sq.
12 sq.
13 sq.
14 sq.
15 sq.
16 sq.
18 sq.
19 sq.
20 sq.
4Q.
Объем производства, шт. Точка безубыточности, шт.
2014 2015
Analysis of the production unit sebstoimosti rub. % rub.
product 1
Wages, salaries and UST 52 31% 23
Material costs 109 64% 117
overhead expenses 2 1% 1
Administrative expenses 0 0% 0
Selling expenses 7 4% 2
Depreciation 0 0% 0
taxes 0 0% 0
the unit cost of product 1 170 100% 143
product 2
Wages, salaries and UST 52 34% 23
Material costs 94 60% 101
overhead expenses 2 1% 1
Administrative expenses 0 0% 0
Selling expenses 7 4% 2
Depreciation 0 0% 0
taxes 0 0% 0
the unit cost of the Product 2 155 100% 126
ent-project-in-excel
3Q. 4Q. 5 sq. 6 sq. 7 q. 8 q. 9 sq. 10 sq. 11 sq.
9,799 18,112 63 13,420 5,896 8,585 2,632 30,137 42,590

8,498 26,609 26,672 40,092 45,988 54,573 57,205 87,342 129,932
0.9541 0.9542 0.9543 0.9530 0.9473 0.9193 0.9193 0.9193 0.9193
0.8681 0.8284 0.7905 0.7533 0.7137 0.6561 0.6032 0.5545 0.5098
8,507 15,003 50 10,110 4,208 5,633 1,588 16,711 21,710
7,107 22,110 22,160 32,269 36,477 42,110 43,697 60,408 82,118
2016 2017 2018

124,365 239,243 352,274
78% 48% 32%
40% 0% 0%
3Q. 4Q. 5 sq. 6 sq. 7 q. 8 q. 9 sq. 10 sq. 11 sq.
20,000 30,769 34,615 39,231 46,923 53,077 65,385 76,923 86,154

110 112 114 116 119 121 123 124 126
888 1,109 1,210 1,126 990 933 993 1,018 1,107
1,444 1,475 1,520 1,547 1,578 1,612 1,663 1,688 1,717
78,571 92,857 170,000 220,000 340,000 420,000 490,000 570,000 620,000

94 96 98 100 102 104 105 107 108
3,487 3,346 5,940 6,313 7,173 7,383 7,445 7,544 7,970
238 244 245 251 269 276 282 290 294
3Q. 4Q. 5 sq. 6 sq. 7 q. 8 q. 9 sq. 10 sq. 11 sq.
666 813 860 787 678 626 645 651 696

961 1,200 1,308 1,217 1,070 1,009 1,072 1,099 1,195
154 148 149 145 140 138 138 138 139
27,911 44,197 51,315 59,478 72,964 84,571 107,694 128,723 146,711
2904.9% 3683.9% 3923.7% 4886.0% 6817.3% 8385.2% 10042.2% 11712.2% 12273.8%
24,370 22,688 40,270 41,745 42,970 42,765 42,102 41,217 42,945

5,788 5,527 9,886 10,480 11,543 11,814 11,871 11,941 12,619
139 132 133 129 123 121 120 120 121
12,874 17,096 31,848 44,752 79,789 104,216 126,292 153,196 169,559
222% 309% 322% 427% 691% 882% 1064% 1283% 1344%
Dynamics of safety factor of the Product 1
1,200,000
25000%
1,000,000
20000%
800,000
15000%
600,000
10000%
400,000
5000% 200,000
0% 0
20 sq.
8 q.
10 sq.
11 sq.
12 sq.
13 sq.
14 sq.
15 sq.
16 sq.
17 sq.
18 sq.
19 sq.
20 sq.
1 sq.
2Q.
3Q.
4Q.
5 sq.
6 sq.
7 q.
9 sq.
1 sq.
2Q.
Запас прочности, %
О
2015 2016 2017 2018

% rub. % rub. % rub. %
Co
16% 11 8% 8 6% 7 5%
82% 125 90% 132 93% 139 94%
0% 0 0% 0 0% 0 0% 100%
0% 0 0% 0 0% 0 0% 90%
2% 2 1% 2 1% 1 1%
0% 0 0% 0 0% 0 0% 80%
0% 0 0% 0 0% 0 0% 70%
100% 139 100% 142 100% 147 100%
60%
18% 11 9% 8 7% 7 6% 50%
80% 107 89% 113 92% 119 93%
0% 0 0% 0 0% 0 0% 40%
0% 0 0% 0 0% 0 0% 30%
2% 2 2% 2 1% 1 1%
0% 0 0% 0 0% 0 0% 20%
0% 0 0% 0 0% 0 0% 10%
100% 121 100% 124 100% 128 100%
0%
2014 201
taxes
overhead expenses
10%
0%
2014 201
taxes
overhead expenses
49,007 5,945 66,699 77,219 89,379 108,416 67,879 79,021 96,957

178,939 184,884 251,583 328,802 418,181 526,597 594,477 673,498 770,455
0.9193 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000
0.4686 0.4686 0.4686 0.4686 0.4686 0.4686 0.4686 0.4686 0.4686
22,966 2,786 31,257 36,187 41,886 50,807 31,810 37,032 45,437
105,084 107,870 139,128 175,315 217,200 268,007 299,818 336,849 382,286
96,154 108,462 122,308 144,615 153,846 108,462 122,308 144,615 153,846

128 130 131 133 134 136 138 139 141
1,142 1,211 1,301 1,455 1,433 1,028 1,095 1,221 1,233
1,753 1,776 1,809 1,846 1,874 1,865 1,900 1,938 1,968
680,000 730,000 770,000 810,000 890,000 930,000 990,000 1,050,000 1,120,000

110 111 113 114 115 117 118 120 121
8,075 8,152 8,190 8,151 8,290 8,814 8,866 8,862 8,973
297 300 305 309 313 317 322 327 330
703 736 775 850 824 594 622 679 675

1,232 1,307 1,403 1,568 1,544 1,109 1,181 1,315 1,328
140 141 142 143 144 146 147 148 149
167,304 191,362 219,863 265,323 286,738 201,193 231,148 278,921 301,368
13581.9% 14646.6% 15675.2% 16920.0% 18573.7% 18145.6% 19573.0% 21208.1% 22697.7%
43,100 43,068 42,653 41,856 41,916 43,959 43,446 42,694 42,907

12,809 12,941 12,991 12,920 13,124 13,946 14,000 13,969 14,169
122 122 123 124 125 126 127 128 129
189,285 206,403 221,524 237,106 265,545 281,088 305,023 329,587 355,673
1478% 1595% 1705% 1835% 2023% 2016% 2179% 2359% 2510%
The break-even point of Product 2 Dynamics of the
1,200,000
3000%
1,000,000
2500%
800,000 2000%
600,000 1500%
400,000 1000%
200,000 500%
0 0%
1 sq.
2Q.
3Q.
4Q.
6 sq.
8 q.
9 sq.
10 sq.
11 sq.
12 sq.
13 sq.
14 sq.
15 sq.
16 sq.
17 sq.
18 sq.
19 sq.
20 sq.
5 sq.
7 q.
2Q.
3Q.
4Q.
5 sq.
6 sq.
1 sq.
Объем производства, шт. Точка безубыточности, шт.
Cost structure of Production 1
100% 100%
90% 90%
80% 80%
70% 70%
60% 60%
50% 50%
40% 40%
30% 30%
20% 20%
10% 10%
0% 0%
2014 2015 2016 2017 2018 2014
taxes Depreciation Selling expenses Administrative expenses taxes
overhead ex
overhead expenses Material costs Wages, salaries and UST
10% 10%
0% 0%
2014 2015 2016 2017 2018 2014
taxes Depreciation Selling expenses Administrative expenses taxes
overhead ex
in total Control
770,455 1
382,286 1
Dynamics of the safety factor of the Product 2
3000%
2500%
2000%
1500%
1000%
500%
0%
2Q.
3Q.
4Q.
5 sq.
6 sq.
7 q.
9 sq.
10 sq.
11 sq.
12 sq.
13 sq.
14 sq.
15 sq.
16 sq.
17 sq.
18 sq.
19 sq.
20 sq.
1 sq.
8 q.
Запас прочности, %
Cost structure of Production 2
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
2014 2015 2016 2017 2018
taxes Depreciation Selling expenses Administrative expenses

10%
0%
2014 2015 2016 2017 2018
taxes Depreciation Selling expenses Administrative expenses

more: http://exceltable.com/en/analyses-reports/downl
Forecast of Financial Status Report U 2014 2015 2016
1. ASSETS
Fixed assets
Intangible assets thousand Roubles. 17 17 17
fixed assets thousand Roubles. 0 0 283
Unfinished capital investments thousand Roubles. 437 1,125 1,227
Total non-current assets thousand Roubles. 454 1,141 1,527
current assets
stock thousand Roubles. 5,278 28,022 46,090
Receivables thousand Roubles. 0 23,889 106,383
advances to suppliers thousand Roubles. 9,573 26,710 19,515
VAT receivable thousand Roubles. 0 0 0
Cash and cash equivalents thousand Roubles. 45,279 64,521 188,937
Total current assets thousand Roubles. 60,130 143,142 360,925
Total assets thousand Roubles. 60,584 144,283 362,452

1 1 1
2. LIABILITIES
Equity
Authorized capital thousand Roubles. 170 170 220
Special-purpose financing thousand Roubles. 1,000 2,000 2,000
Retained profit (+) / Loss (-) thousand Roubles. 37,539 142,113 360,666
Total Equity thousand Roubles. 38,709 144,283 362,886
long term duties

Long-term borrowings thousand Roubles. 17,500 0 0
Total current liabilities thousand Roubles. 17,500 0 0
Short-term liabilities
Short-term borrowings thousand Roubles. 0 0 0
Accounts payable thousand Roubles. 0 0 0
customer advances thousand Roubles. 0 0 0
Payables to employees thousand Roubles. 0 0 0
Debt interest payment thousand Roubles. 4375 0 0
Short-term liabilities thousand Roubles. 4,375 0 0
Total liabilities thousand Roubles. 60,584 144,283 362,886

1 1 1
the balance 0 0 -435
Forecast profit and loss statement U 2014 2015 2016
revenue thousand Roubles. 96,373 291,215 603,376
Cost price thousand Roubles. -41,666 -155,363 -314,255

materials thousand Roubles. -32,305 -137,208 -294,890
Salary thousand Roubles. -4,810 -10,356 -11,044
Taxes attributable to the current results thousand Roubles. -1,635 -3,521 -3,755
overhead expenses thousand Roubles. -2,916 -4,279 -4,563
Depreciation thousand Roubles. 0 0 -4
Gross profit thousand Roubles. 54,707 135,851 289,120
Administrative expenses thousand Roubles. -4,958 -8,006 -8,538

Selling expenses thousand Roubles. -3,025 -4,906 -7,389
Profit (loss) on sales thousand Roubles. 46,724 122,939 273,194
Taxes attributable to the financial results thousand Roubles. 0 0 -3

Percentage to be paid thousand Roubles. 0 7,778 0
Profit before tax thousand Roubles. 46,724 130,718 273,191
Tax on profits thousand Roubles. -9,185 -26,144 -54,638
Net income (loss) thousand Roubles. 37,539 104,574 218,553

1 1 1
ses-reports/download-investment-project-in-excel
2017 2018
16 16
1,564 1,481
0 0
1,580 1,498
63,206 80,332
194,093 225,202
26,355 33,243
0 0
454,630 806,905
738,285 1,145,681
739,866 1,147,179
1 1
270 270
2,000 2,000
769,241 1,184,357
771,511 1,186,627
0 0
0 0
0 0
0 0
0 0
0 0
-31211 -39014
-31,211 -39,014
740,300 1,147,613
1 1
-435 -435
2017 2018
955,241 1,119,274
-453,224 -581,793
-432,740 -560,288
-11,637 -12,219
-3,957 -4,154
-4,808 -5,048
-83 -83
502,017 537,481
-8,996 -9,446
-8,589 -9,019
484,432 519,016
-115 -122
26,401 0
510,718 518,895
-102,144 -103,779
408,575 415,116
1 1
The general analysis of statement of financial position U 2014 2015 2016
1. ASSETS
Fixed assets
Intangible assets thousand Roubles. - 0 0
fixed assets thousand Roubles. - 0 283
Unfinished capital investments thousand Roubles. - 687 103
Total non-current assets thousand Roubles. - 687 385
current assets
stock thousand Roubles. - 22,744 18,068
Receivables thousand Roubles. - 23,889 82,494
advances to suppliers thousand Roubles. - 17,137 -7,195
VAT receivable thousand Roubles. - 0 0
Cash and cash equivalents thousand Roubles. - 19,242 124,415
Total current assets thousand Roubles. - 83,012 217,783
Total assets thousand Roubles. - 83,699 218,168
2. LIABILITIES
Equity
Authorized capital thousand Roubles. - 0 50
Special-purpose financing thousand Roubles. - 1,000 0
Retained profit (+) / Loss (-) thousand Roubles. - 104,574 218,553
Total Equity thousand Roubles. - 105,574 218,603
long term duties

Long-term borrowings thousand Roubles. - -17,500 0
Total current liabilities thousand Roubles. - -17,500 0
Short-term borrowings thousand Roubles. - 0 0
Accounts payable thousand Roubles. - 0 0
customer advances thousand Roubles. - 0 0
Payables to employees thousand Roubles. - 0 0
Debt interest payment thousand Roubles. - -4,375 0
Short-term liabilities thousand Roubles. - -4,375 0
Total liabilities thousand Roubles. - 83,699 218,603
The general analysis of the Profit and Loss Account U 2014 2015 2016
revenue thousand Roubles. - 194,842 312,161
Cost price thousand Roubles. - -113,697 -158,892

materials thousand Roubles. - -104,903 -157,682
Salary thousand Roubles. - -5,546 -688
Taxes attributable to the current results thousand Roubles. - -1,886 -234
overhead expenses thousand Roubles. - -1,363 -284
Depreciation thousand Roubles. - 0 -4
Gross profit thousand Roubles. - 81,144 153,269
Administrative expenses thousand Roubles. - -3,048 -532

Selling expenses thousand Roubles. - -1,881 -2,483
Profit (loss) on sales thousand Roubles. - 76,215 150,255
Taxes attributable to the financial results thousand Roubles. - 0 -3

Percentage to be paid thousand Roubles. - 7,778 -7,778
Profit before tax thousand Roubles. - 83,994 142,474
Tax on profits thousand Roubles. - -16,959 -28,495
Net income (loss) thousand Roubles. - 67,035 113,979

2017 2018
0 0
1,281 -83
-1,227 0
54 -83
17,116 17,125
87,711 31,108
6,840 6,888
0 0
265,694 352,274
377,360 407,396
377,414 407,313
50 0
0 0
408,575 415,116
408,625 415,116
0 0
0 0
0 0
0 0
0 0
0 0
-31,211 -7,803
-31,211 -7,803
377,414 407,313
2017 2018
351,866 164,032
-138,969 -128,569
-137,850 -127,549
-593 -582
-202 -198
-245 -240
-79 0
212,897 35,464
-458 -450
-1,200 -429
211,238 34,584
-112 -7
26,401 -26,401
237,527 8,176
-47,505 -1,635
190,022 6,541
more: http://exceltable.com/en/analyses-reports/d
Horizontal analysis of statement of financial position 2014 2015 2016
1. ASSETS
Fixed assets
Intangible assets - -1% -1%
fixed assets - - -
Unfinished capital investments - 157% 9%
Total non-current assets - 151% 34%
current assets
stock - 431% 64%
Receivables - - 345%
advances to suppliers - 179% -27%
VAT receivable - - -
Cash and cash equivalents - 42% 193%
Total current assets - 138% 152%
Total assets - 138% 151%
2. LIABILITIES
Equity
Authorized capital - 0% 29%
Special-purpose financing - 100% 0%
Retained profit (+) / Loss (-) - 279% 154%
Total Equity - 273% 152%
long term duties

Long-term borrowings - -100% -
Total current liabilities - -100% -
Short-term borrowings - - -
Accounts payable - - -
customer advances - - -
Debt interest payment - - -
Payables to employees - -100% 25%
Short-term liabilities - -100% 25%
Total liabilities - 138% 152%
Horizontal analysis of Profit and Loss 2014 2015 2016
revenue - 202% 107%
Cost price - 273% 102%

materials - 325% 115%
Salary - 115% 7%
Taxes attributable to the current results - 115% 7%
overhead expenses - 47% 7%
Depreciation - 0% 1658%
Gross profit - 148% 113%
Administrative expenses - 61% 7%

Selling expenses - 62% 51%
Profit (loss) on sales - 163% 122%
Taxes attributable to the financial results - - -

Percentage to be paid - - -100%
Profit before tax - 180% 109%
Tax on profits - 185% 109%
Net income (loss) - 179% 109%
The concept of the marginal efficiency of business 2014 2015 2016
income growth rate (profit) % - 2 1

The growth rate of the turnover (revenue) % - 2 1
Asset growth % - 1 2
equity growth rate % - 3 2
Conclusion of business efficiency

analyses-reports/download-investment-project-in-excel
2017 2018
-1% -1%
453% -5%
-100% -
4% -5%
37% 27%
82% 16%
35% 26%
- -
141% 77%
105% 55%
104% 55%
23% 0%
0% 0%
113% 54%
113% 54%
- -
- -
- -
- -
- -
- -
55729664% 25%
55729664% 25%
104% 55%
2017 2018
58% 17%
44% 28%
47% 29%
5% 5%
5% 5%
5% 5%
2079% 0%
74% 7%
5% 5%
16% 5%
77% 7%
3959% 6%
- -100%
87% 2%
87% 2%
87% 2%
2017 2018
1 0
1 0
1 1
1 1
Vertical Analysis Report on the financial status 2014 2015 2016
1. ASSETS
Fixed assets
Intangible assets 0% 0% 0%
fixed assets 0% 0% 0%
Unfinished capital investments 1% 1% 0%
Total non-current assets 1% 1% 0%
current assets
stock 9% 19% 13%
Receivables 0% 17% 29%
advances to suppliers 16% 19% 5%
VAT receivable 0% 0% 0%
Cash and cash equivalents 75% 45% 52%
Total current assets 99% 99% 100%
Total assets 100% 100% 100%
2. LIABILITIES
Equity
Authorized capital 0% 0% 0%
Special-purpose financing 2% 1% 1%
Retained profit (+) / Loss (-) 62% 98% 99%
Total Equity 64% 100% 100%
long term duties

Long-term borrowings 29% 0% 0%
Total current liabilities 29% 0% 0%
Short-term borrowings 0% 0% 0%
Accounts payable 0% 0% 0%
customer advances 0% 0% 0%
Payables to employees 0% 0% 0%
Debt interest payment 7% 0% 0%
Short-term liabilities 7% 0% 0%
Total liabilities 100% 100% 100%
Vertical analysis of Profit and Loss 2014 2015 2016
revenue 100% 100% 100%
Cost price -43% -53% -52%

materials -34% -47% -49%
Salary -5% -4% -2%
Taxes attributable to the current results -2% -1% -1%
overhead expenses -3% -1% -1%
Depreciation 0% 0% 0%
Gross profit 57% 47% 48%

Administrative expenses -5% -3% -1%
Selling expenses -3% -2% -1%
Profit (loss) on sales 48% 42% 45%
Taxes attributable to the financial results 0% 0% 0%

Percentage to be paid 0% 3% 0%
Profit before tax 48% 45% 45%
Tax on profits -10% -9% -9%
Net income (loss) 39% 36% 36%

2017 2018
Structure of the company's assets
100%
0% 0%
90%
0% 0%
0% 0% 80%
0% 0% 70%
60%
50%
9% 7%
40%
26% 20%
4% 3% 30%
0% 0% 20%
61% 70% 10%
100% 100% 0%
2014 2015 2016 2017 2018
100% 100% Cash and cash equivalents VAT receivable advances to suppliers Receivables stoc
Unfinished capital investments fixed assets Intangible assets
0% 0%
0% 0% Structure of liabilities of the company
104% 103%
104% 103%
100%
90%
0% 0% 80%
0% 0%
70%
60%
0% 0% 50%
0% 0%
40%
0% 0%
0% 0% 30%
-4% -3% 20%
-4% -3% 10%
0%
100% 100%
2014 2015 2016 2017 2018
Debt interest payment Payables to employees customer advances
Accounts payable Short-term borrowings Long-term borrowings

2017 2018
Retained profit (+) / Loss (-) Special-purpose financing Authorized capital
100% 100%
-47% -52%
-45% -50%
-1% -1%
0% 0%
-1% 0%
0% 0%
53% 48%
-1% -1%
-1% -1%
51% 46%
0% 0%
3% 0%
53% 46%
-11% -9%
43% 37%
's assets
2017 2018
o suppliers Receivables stock
assets
e company
2017 2018
customer advances
Long-term borrowings
Authorized capital
more: http://exceltable.com/en/analyses-reports/do
The analysis of profitability U 2014 2015
The gross profit margin

Gross profit thousand Roubles. 54,707 135,851
revenue thousand Roubles. 96,373 291,215
The gross profit margin % 57% 47%
Net profit margin

Net profit thousand Roubles. 37,539 104,574
Net profit margin % 39% 36%
Return on sales (margin EBIT)

Operating profit thousand Roubles. 46,724 122,939
Return on sales (margin EBIT) % 48% 42%
EBITDA margin
EBIT thousand Roubles. 46,724 122,939
EBITDA thousand Roubles. 46,724 122,940
EBITDA margin % 48% 42%
Return on assets net profit

average assets thousand Roubles. - 102,434
Return on assets net profit % - 102%
Return on Assets EBIT (ROA)

average assets thousand Roubles. - 102,434
Return on assets EBIT % - 120%
Profitability of net assets (RONA)

Average net assets thousand Roubles. - 99,448
Return on net assets EBIT % - 105%
Return on equity net profit (ROE)

Average equity thousand Roubles. - 91,496
Return on equity % - 114%
The growth rate of return on equity % - -
The average value of the return on equity %
Return on invested capital (ROIC)

invested capital thousand Roubles. 56,209 144,283
Average Invested Capital thousand Roubles. - 100,246
Return on net assets EBIT % - 147%
2016 2017 2018
289,120 502,017 537,481

603,376 955,241 1,119,274 Dynamics of profitability indicators
48% 53% 48%
60%
50%
218,553 408,575 415,116
603,376 955,241 1,119,274 40%
36% 43% 37%
30%
273,194 484,432 519,016 20%

603,376 955,241 1,119,274
45% 51% 46% 10%
0%
273,194 484,432 519,016 2014 2015 2016 2017 20
4 83 83 Net profit margin Return on sales (margin EBIT) EBITDA
273,198 484,515 519,099
603,376 955,241 1,119,274
45% 51% 46%
218,553 408,575 415,116

253,368 551,159 943,522 Dynamics of profitability of assets, own and
86% 74% 44% capital
160%
273,194 484,432 519,016 140%
253,368 551,159 943,522 120%
108% 88% 55% 100%
80%
60%
218,553 408,575 415,116 40%
252,175 566,134 978,618 20%
87% 72% 42% 0%
2015 2016 2017 2
218,553 408,575 415,116 ROA ROE RONA ROIC

253,585 567,199 979,069
86% 72% 42%
-25% -16% -41%
79%
273,194 484,432 519,016

362,886 771,511 1,186,627
253,585 567,199 979,069
86% 68% 42%
profitability indicators
2016 2017 2018

Return on sales (margin EBIT) EBITDA margin
bility of assets, own and invested

capital
2017 2018
OE RONA ROIC
more: http://exceltable.com/en/analyses-reports/do
Analysis of liquidity U 2014 2015
Block coefficient ratio (coverage ratio)

current assets thousand Roubles. 60,130 143,142
current liabilities thousand Roubles. 4,375 0
The coefficient of total liquidity - 46.46
Quick ratio
inventories thousand Roubles. 5,278 28,022
Quick ratio - 38.85
Absolute liquidity ratio

Cash thousand Roubles. 45,279 64,521
Absolute liquidity ratio - 25.10
Production ratio of working capital sales

Accounts payable thousand Roubles. 0 0
Receivables thousand Roubles. 0 23,889
The need for working capital thousand Roubles. 5278 4133
Average working capital requirements thousand Roubles. - 4706
Obesepechennosti sales factor of working capital - 0.02
Coefficient period security asset liquid

Average daily operating expenses thousand Roubles. 136.0 461.0
Production ratio of liquid assets days 403.25 249.70
Net working capital

Current Assets (CA) thousand Roubles. 60,130 143,142
Current liabilities (CL) thousand Roubles. 4,375 0
Net working capital (NWC) thousand Roubles. 55755 143142
/en/analyses-reports/download-investment-project-in-excel
2016 2017 2018
360,925 738,285 1,145,681

0 -31,211 -39,014
-5000315.67 -35.22 -26.83
Dynamics of liquidity ratios
360,925 738,285 1,145,681 1,000,000
46,090 63,206 80,332
0
0 -31,211 -39,014
-4265123.88 -31.72 -24.78 -1,000,0002015 2016 2017 2018
-2,000,000
-3,000,000
188,937 454,630 806,905
0 -31,211 -39,014 -4,000,000
-2514290.97 -20.62 -17.96 -5,000,000
-6,000,000
0 0 0
46,090 63,206 80,332 The coefficient of total liquidity Quick ratio
106,383 194,093 225,202 Absolute liquidity ratio
-60292 -130887 -144870
-28079 -95590 -137879
603,376 955,241 1,119,274
-0.05 -0.10 -0.12
360,925 738,285 1,145,681

46,090 63,206 80,332
904.6 1289.7 1644.3
348.04 523.45 647.90
360,925 738,285 1,145,681

0 -31,211 -39,014
360925 769496 1184695
tios
2018
Quick ratio
more: http://exceltable.com/en/analyse
Analysis of indicators of solvency and financial stability U 2014
Coefficient common solvency (autonomy ratio)

Equity thousand Roubles. 38,709
Assets thousand Roubles. 60,584
The coefficient of the total solvency 0.64
Equity multiplier
Equity multiplier 1.57
The ratio of borrowed and equity

obligations thousand Roubles. 21,875
The ratio of own and borrowed funds 0.57
The ratio of debt to total assets

obligations thousand Roubles. 21,875
The ratio of debt to total assets 0.36
The coverage ratio of interest payments

Operating profit thousand Roubles. 46,724
interest payments thousand Roubles. 0
The coverage ratio of interest payments -
ltable.com/en/analyses-reports/download-investment-project-in-excel
2015 2016 2017 2018
144,283 362,886 771,511 1,186,627 Dynamics of solvency ratio

144,283 362,452 739,866 1,147,179
1.00 1.00 1.04 1.03
1
1
144,283 362,452 739,866 1,147,179 1
144,283 362,886 771,511 1,186,627
1
1.00 1.00 0.96 0.97
0
0
0 0 -31,211 -39,014
0
144,283 362,886 771,511 1,186,627
0.00 0.00 -0.04 -0.03 02014 2015 2016 2017
The coefficient of the total solvency

The ratio of own and borrowed funds
0 0 -31,211 -39,014
144,283 362,452 739,866 1,147,179
0.00 0.00 -0.04 -0.03
122,939 273,194 484,432 519,016

-7,778 0 -26,401 0
-15.81 - -18.35 -
mics of solvency ratios
2016 2017 2018
The coefficient of the total solvency

The ratio of own and borrowed funds
more: http://exceltable.com/en/analyse
Analysis of indicators of business activity (turnover) U 2014
Turnover inventory (1)

revenue thousand Roubles. 96,373
average stocks thousand Roubles. -
Inventory turnover ratio -
Turnover inventory (2)

product cost thousand Roubles. 41,666
Inventory turnover ratio -
The average period of inventory turnover in days

The average turnover period of inventories (DSI) days -
Accounts receivable turnover

Average receivables thousand Roubles. -
Accounts receivable turnover -
Receivables turnover ratio in days

Average receivables thousand Roubles. -
The average turnover period of accounts receivable (DSO) days -
accounts receivable turnover

Average accounts payable thousand Roubles. -
accounts receivable turnover -
Accounts payable turnover in days

Average accounts payable thousand Roubles. -
The average turnover period of accounts payable (DPO) days -
Operational and financial enterprises cycles

The average inventory turnover period (DSI) days -
The average turnover period of accounts receivable (DSO) days -
The average turnover period of accounts payable (DPO) days -
The length of the operating cycle (OCP) days -
The length of the financial cycle (cycle of cash conversion) (CCC) days -
Turnover ratio of long-term assets

Average long-term assets thousand Roubles. -
Turnover ratio of long-term assets -
Asset turnover ratio

average assets thousand Roubles. -
Asset turnover ratio -
Turnover ratio of net assets

fixed assets thousand Roubles. 0
Net working capital thousand Roubles. 55,755
net assets thousand Roubles. 55755
Average net assets thousand Roubles. -
Turnover ratio of net assets -
able.com/en/analyses-reports/download-investment-project-in-excel
2015 2016 2017 2018
291,215 603,376 955,241 1,119,274

16650 37056 54648 71769
17.49 16.28 17.48 15.60
155,363 314,255 453,224 581,793

16650 37056 54648 71769
9.33 8.48 8.29 8.11
16650 37056 54648 71769

155,363 314,255 453,224 581,793
39.12 43.04 44.01 45.03
291,215 603,376 955,241 1,119,274

11944 65136 150238 209648
24.38 9.26 6.36 5.34
11944 65136 150238 209648

291,215 603,376 955,241 1,119,274
14.97 39.40 57.41 68.37
Dynamics of turnover
дни
155,363 314,255 453,224 581,793 120
0 0 0 0 101
- - - -
100
82
0 0 0 0 80
155,363 314,255 453,224 581,793
0.00 0.00 0.00 0.00 60 54
40
39.12 43.04 44.01 45.03
14.97 39.40 57.41 68.37 20
0.00 0.00 0.00 0.00
54 82 101 113
0
54 82 101 113
2015 2016 2017
Оборачиваемость кредиторской задолженности
Оборачиваемость дебиторской задолженности
291,215 603,376 955,241 1,119,274
Оборачиваемость запасов
798 1334 1554 1539
Операционный цикл
364.98 452.29 614.89 727.29
Финансовый цикл
291,215 603,376 955,241 1,119,274

102434 253368 551159 943522
2.84 2.38 1.73 1.19
291,215 603,376 955,241 1,119,274

0 283 1,564 1,481
143,142 360,925 769,496 1,184,695
143142 361208 771060 1186176
99448 252175 566134 978618
2.93 2.39 1.69 1.14
ynamics of turnover
113
101
82
2016 2017 2018

ваемость кредиторской задолженности
ваемость дебиторской задолженности
ваемость запасов
онный цикл
вый цикл
more: http://exceltable.com/en/analyses-reports/download-in
Analysis debt and tax burden U 2014 2015 2016
Coefficient leverage (IB)

interest payments 0 -7778 0
Operating profit 46724.0 122939.4 273194.0
Debt ratios 1.00 1.06 1.00
Tax burden (TB)

Net profit 37539 104574 218553
Profit before tax 46724 130718 273191
The level of the tax burden 0.80 0.80 0.80
The effective tax rate (T)

Tax burden (TB) 0.80 0.80 0.80
The effective tax rate (T) 0.20 0.20 0.20
2017 2018
-26401 0
484432.1 519016.5
1.05 1.00
408575 415116
510718 518895
0.80 0.80
0.80 0.80
0.20 0.20
9,000 10,500 13,500 17,000 21,000 24,000 30,000 33,500 40,500 45,000
3,000 5,000 6,500 8,000 8,500 9,000 11,000 13,000 17,000 20,000
0 0 0 500 1,000 1,500 3,000 3,500 5,000 5,500
3Q. 4Q. 6 sq. 8 q. 9 sq. 10 sq. 12 sq. 13 sq. 15 sq. 16 sq.
9000 10500 13500 17000 21000 24000 30000 33500 40500 45000
3000 5000 6500 8000 8500 9000 11000 13000 17000 20000
0 0 0 500 1000 1500 3000 3500 5000 5500
2 3 4 6 7 8 9 10 12 13
35,000 35,000 40,000 70,000 80,000 90,000 100,000 105,000 120,000 130,000
20,000 20,000 25,000 40,000 80,000 100,000 130,000 150,000 160,000 170,000
0 0 0 0 10,000 20,000 25,000 30,000 60,000 65,000
35000 35000 40000 70000 80000 90000 100000

20000 20000 25000 40000 80000 100000 130000
0 0 0 0 10000 20000 25000
1,300 1170
1,600
2,200
1,000 5,000 9,000 13,500 15,000 17,000 21,000 24,000 28,500 33,500
1,000 2,000 4,000 6,500 7,000 8,000 8,500 9,000 11,000 13,000
0 0 0 0 500 500 1,000 1,500 3,000 3,500
900 4500 8100 12150 13500 15300 18900 21600 25650 30150
900 1800 3600 5850 6300 7200 7650 8100 9900 11700
0 0 0 0 450 450 900 1350 2700 3150
49,000 57,000 60,000 more: http://exceltable.com/en/analyses-reports/download-inv
24,000 28,000 30,000
6,500 9,000 10,000
17 sq. 19 sq. 20 sq.
49000 57000 60000

24000 28000 30000
6500 9000 10000
14 15 16 17 19 20
135,000 140,000 150,000 155,000 165,000 180,000
180,000 190,000 210,000 220,000 260,000 270,000
70,000 75,000 85,000 90,000 100,000 110,000
105000 120000 130000 135000 140000 150000 155000 165000 180000

150000 160000 170000 180000 190000 210000 220000 260000 270000
30000 60000 65000 70000 75000 85000 90000 100000 110000
37,000 40,500 45,000 49,000 57,000 60,000 45,000 49,000 57,000 60,000
15,000 17,000 20,000 24,000 28,000 30,000 20,000 24,000 28,000 30,000
4,000 5,000 5,500 6,500 9,000 10,000 5,500 6,500 9,000 10,000
33300 36450 40500 44100 51300 54000 40500 44100 51300 54000
13500 15300 18000 21600 25200 27000 18000 21600 25200 27000
3600 4500 4950 5850 8100 9000 4950 5850 8100 9000
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Year start-up 2014

INVESTOR REQUIRED RATE OF RETURN

Required rate of return of the venture capitalist

7.5% 7.8% 7.8% 7.8% 7.8% 6.0% 6.0% 6.0% 6.0%

10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0%

40.0% 40.0% 40.0% 40.0% 40.0% 40.0% 40.0% 40.0% 40.0%

5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0%

10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0%

40.0% 40.0% 40.0% 40.0% 40.0% 40.0% 40.0% 40.0%

Sales in the quarter

Coefficient of sales in the quarter

Sales volumes in the quarter

Sales Price (excluding VAT)

sales price (with VAT)

Total sales (excluding VAT)

Total sales (including VAT)

Stocks of finished products

Inventories gel thousand Roubles. 223 646 1,081 1,595

Accounts receivable in the quarter

Gel teeth vosstanovlniya thousand Roubles. 0 0 0 0

Gel teeth vosstanovlniya thousand Roubles. 0 0 0 0

22,500 25,500 30,500 34,500 42,500 50,000 56,000 62,500

65% 65% 65% 65% 65% 65% 65% 65%

34,615 39,231 46,923 53,077 65,385 76,923 86,154 96,154

1,398 1,425 1,451 1,479 1,501 1,523 1,545 1,568

215 219 223 228 231 234 238 241

1,538 1,567 1,597 1,627 1,651 1,675 1,699 1,724

237 241 246 250 254 258 261 265

31,462 36,329 44,270 51,019 63,772 76,127 86,514 97,972

34,608 39,961 48,697 56,121 70,150 83,740 95,165 107,769

12,115 13,731 16,423 18,577 22,885 26,923 30,154 33,654

1,807 1,991 2,293 2,570 3,152 3,704 4,192 4,708

0.0% 0.0% 0.0% 0.0% 50.0% 50.0% 50.0% 50.0%

0 0 0 0 35075 41870 47582 53885

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

4,975 6,044 8,223 9,880 12,033 14,288 16,019 17,997

70,500 79,500 94,000 100,000 70,500 79,500 94,000 100,000

65% 65% 65% 65% 65% 65% 65% 65%

108,462 122,308 144,615 153,846 108,462 122,308 144,615 153,846

1,587 1,606 1,626 1,646 1,666 1,687 1,707 1,728

244 247 250 253 256 259 263 266

1,745 1,767 1,789 1,811 1,833 1,855 1,878 1,901

269 272 275 279 282 285 289 292

111,869 127,698 152,842 164,593 117,462 134,083 160,484 172,823

123,056 140,468 168,126 181,053 129,209 147,491 176,532 190,105

37,962 42,808 50,615 53,846 37,962 42,808 50,615 53,846

5,343 6,071 7,230 7,739 5,525 6,279 7,484 8,031

70.0% 70.0% 70.0% 70.0% 70.0% 70.0% 70.0% 70.0%

86139 98328 117688 126737 90446 103244 123573 133074

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

20,097 22,284 25,415 27,728 23,665 26,252 29,838 32,172

The main production staff

Auxiliary production personnel

Total number of employees pers. 10 10

Insurance premiums in the state budget funds

Payables to employees in the quarter

412 420 856 872 888 905 918 932 945

3,743 3,811 6,477 6,754 6,881 7,010 7,113 7,218 7,491

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%