Income StatementIncome Statement20102011201220132014

mmmmm

Sales1,6221,8002,7302,6542,703Cost of Sales*(908)(1,056)(1,855)(1,897)(1,754)Gross Profit (Loss)714744875757950OverheadsFixed Overheads120156165154146Stock Upkeep Cost0101731Promotion5060149149409Research and Development0194202716Market Research1515151515Depreciation6880787265(253)(506)(427)(433)(681)Operating Profit (Loss)461238448323269Investment Disposal Income081100Interest on Current Account078810Interest on Loans(34)(45)(33)(11)(12)(34)(30)(14)(3)(2)Pre Tax Profit (Loss)427208434320266Tax(85)(27)(126)(137)(78)Post Tax Profit (Loss)341181308183189Cost of Dividends(20)(40)(36)(40)(28)Year Retained Profit (Loss)321141272143161*Cost of Sales BreakdownOpening Stock070113204plus Materials Costs8691,0001,8921,9121,753plus Wages4649767677minus Closing Stock(7)0(113)(204)(280)Cost of Sales9081,0561,8551,8971,754S1Opening Stock0003683plus Materials Costs481560682689620plus Wages2426262726minus Closing Stock00368590Cost of Sales505585672667640N2Opening Stock0704148plus Materials Costs388440570576533plus Wages2223252526minus Closing Stock70414381Cost of Sales404470554599526W3Opening Stock0003573plus Materials Costs00640647600plus Wages00242425minus Closing Stock003575109Cost of Sales00629631588

Statement of Financial PositionStatement of Financial Position

20102011201220132014

mmmmmNon Current AssetsCost price680867927944944Depreciation(68)(148)(226)(298)(362)Net Book Value612719701646582Investment Value10030029089797121,019991735661Current AssetsInventories70113204280Trade Receivables120133224231222Bank Balance909503454225348Investment13578301,036671799743850Total Assets1,7481,6901,7901,4781,511Current LiabilitiesTax852712613778Creditors172282156157144Dividend Cost2040364028Bank Overdraft0000250277349318335500Non Current LiabilitiesLoan650650650450300650650650450300EquityShare Equity500550550550550Total Retained Profit (Loss)321141272143161821691822693711Total Liabilities and Equity1,7491,6901,7891,4771,511diff(0)(0)000Current market price of equity2735333836

Cash Flow statementCash Flow Statement

Cash inflows20102011201220132014

mmmmm

Opening Bank Balance500767518609656Revenue from Debtors1,5021,6672,5062,4232,481Share Issue Income050000Bank Interest000210Investment Disposal Income0788102,0022,4843,0243,0343,157Cash outflowsPaid to Creditors7989891,8191,9101,766Production Cost/Investment0175000Wage Costs4649767677Total Overheads165386369391639Factory Cost6500000Redundancy Costs00000Automation Investment301260170Loan Repayments0200150150150Tax Payments08527126137Loan Interest3445331112Dividend Costs2040364028Investments Purchased0018701,7431,9812,5702,8092,809Balance Before Loan259503454225348New Loan6500000Closing Bank Balance909503454225348

Budget vs ActualBudget information

20102011201220132014

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Sales1,4931,6182,7303,0363,103Cost of Sales*(966)(1,050)(1,674)(1,757)(1,799)Gross Profit (Loss)5275681,0561,2781,304

OverheadsFixed Overheads100120160160160Stock Upkeep Cost00000Promotion5060200150150Research and Development0200202020Market Research1515151515Depreciation6880787265(233)(475)(473)(417)(410)

Operating Profit (Loss)29393583861894

Investment Disposal Income000011Interest on Current Account0128910Interest on Loans(33)(23)(15)(8)0(33)(11)(7)221

Pre Tax Profit (Loss)26082576863915

Tax(78)(25)(173)(259)(275)Post Tax Profit (Loss)18258403604641

Cost of Dividends0(20)(20)(20)(20)

Year Retained Profit (Loss)18238383584621

*Cost of Sales BreakdownOpening Stock00000plus Materials Costs9201,0001,6001,6801,720plus Wages4650747779minus Closing Stock00000Cost of Sales9661,0501,6741,7571,799

S1Opening Stock00000plus Materials Costs480560600620640plus Wages2326282930minus Closing Stock00000Cost of Sales503586628649640

N2Opening Stock00000plus Materials Costs440440440440440plus Wages2323232323minus Closing Stock00000Cost of Sales463463463463463

W3Opening Stock00000plus Materials Costs00560620640plus Wages00222526minus Closing Stock00000Cost of Sales00582645666

PRODUCT S1PRODUCT S1Budgetted Sales numbers600000700000750000775000800000Actual Sales numbers600000703500750000600000600000Sales price per unit1,250.001,250.001,250.001,250.001,250.00Sales price per unit1,250.001,250.001,250.001,250.001,250.00Sales value (m)7508759389691,000Sales value (m)750879938750750Number of units to be Produced 600000700000750000775000800000Number of units actually Produced 600000703500790000720000636000Material cost per unit800.00800.00800.00800.00800.00Material cost per unit801.67796.00863.00957.00975.00Wages cost per unit37.5037.5037.5037.5037.50Wages cost per unit40.0037.0033.0037.0041.00

PRODUCT N2PRODUCT N2Budgetted Sales numbers550000550000550000555000550000Actual Sales numbers525000550000550000555000700000Sales price per unit1,350.001,350.001,350.001,350.001,350.00Sales price per unit1,350.001,350.001,350.001,350.001,350.00Sales value (m)743743743749743Sales value (m)709743743749945Number of units to be Produced 550000550000550000550000550000Number of units actually Produced 534000541000600000606000700000Material cost per unit800.00800.00800.00800.00800.00Material cost per unit726.00814.00950.00950.00761.00Wages cost per unit42.5042.5042.5042.5042.50Wages cost per unit43.0043.0042.0042.0037.00

PRODUCT W3PRODUCT W3Budgetted Sales numbers140000015500001600000Actual Sales numbers140000015500001186000Sales price per unit750.00750.00750.00850.00850.00Sales price per unit750.00750.00750.00850.00850.00Sales value (m)0.00.01,050.001,317.501,360.00Sales value (m)0.00.01,050.001,317.501,008.10Number of units to be Produced 140000015500001600000Number of units actually Produced 150000016000001500000Material cost per unit400.00400.00400.00Material cost per unit426.50404.50400.00Wages cost per unit16.0016.0016.00Wages cost per unit16.0015.0016.50