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Financial Templates
1 Table F1 Financial Projections
2 Table F2
3 Table F3
4 Table F4
Glossary of financial terms
within the company's qualified activities.
Sales are further classified as Local ( all forms of revenue in Malaysia) and/or Export (all forms of
revenue from overseas )
the prescribed period to support the qualified activities.
{ Formula : Net operating cash flow = Total cash inflow - Total cash outflow }
company's qualified activities. It is a component of Current Assets.
or services on terms that allow delivery prior to the collection of cash. It is a component of
Current Assets.
continuing basis for the company's qualified activities. They are the sums of the following
categories; Liquid Assets, Trade Debtors, Stocks, Prepayments and Other Current Assets.
the qualified activities. They include assets such as ; Land, Building, Machinery & Equipment,
Funiture & Fixtures, Leasehold Improvements and other related assets.
operations, expansions or development of the qualified activities.
operations, expansions or development of the qualified activities.
activities.
activity on either a full time or part time basis.
associated with the project.
attributable to research and development.
(a) Utilities, publications, office stationery, equipment maintenance directly attributable to the project's
research and development activities.
(b) Local travel essential to the project e.g. costs for travel to related research projects, for consultation
with other experts in the field being studied.
Breakdown of Revenue - The table is to show the source of revenue generation for the company. The revenuestream/s should be the same as the company's proposed activities described in the business plan.
R&D expenses - Please note that the underlying assumption used on the treatment of these expenses is such thatthe Hardware and Software acquisition for the purpose of Research and Development works will be capitalised in theBalance Sheet and subsequently amortised every year. The other R&D expenses as stipulated in Table F3 will bewritten-off completely in the Profit and Loss during the year they incurred.
Past Financial Performance - For the company that has been in operation for more than 1 year, please provide theaudited Sales and the Profit before Tax figures.
1. Sales are defined as proceeds which is derived from the provision of goods and/or services falling
2. Net profit (loss) before tax is defined as profit or loss on qualified MSC activities before taxation.
3. Net Operating cash flow is defined as the net amounts of cash flowing in and out of business during
4. Liquid Assets is defined as cash or bank balance and is a component of Current Assets.
5. Stocks is defined as the goods and materials a company purchases to re-sell at a profit for the
6. Trade Debtors is defined as receivables that arise as a result of the process of selling inventory
7. Current Assets are those which matures in less than one year and are intended for use on a
8. Fixed Assets represent the use of cash to purchase physical assets whose life exceeds one year for
9. Current Liabilities is defined as short term financial resources acquired for the use and support of
10. Long-term Liabilities is defined as long term financial resources acquired for the use and support of
11. Paid-up-capital is defined as cash injection by shareholders into the company to support the qualified
12. Research & Development refers to contribution towards the development of the activities.
* R&D staff salaries relates to foreign and local employees or contract staff actually performing the R&D
* Technology Acquisition - Hardware relates to costs of capital expenditure which are directly
* Technology Acquisition - Software relates to direct costs of items or materials which are directly
* Prototypes includes directs costs of constructing, assembling, or re-working prototype units.
* Consumables / Incidental Costs. These costs includes:-
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Share Capital, Share Premium Account, Capital Reserves, Reserves and Retained Earnings.
13. Networth comprises of shareholder's investments into the company which refers to the sum of
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0 0
F1 : FINANCIAL PROJECTIONS
Year 2005 2006 2007
10 40 90
90 160 210
Total Sales 100 200 300
Net profit (loss) before tax 3,265 5,789 25,815
Net operating cash flow 45 152 236
Assets 9,879 14,830 34,719
Liabilities 6,688 5,855 23
Paid-up-Capital 50 50 50
70 140 210
9,999 14,952 34,932
F2 : Breakdown of Sales
Item * 2005 2006 2007
Content Edition/Enhancement 0 0 0
Interractive Services 0 0 0
E-Commerce 100 200 300
Software Integration 0 0 0
Website Development Income 0 0 0
Hosting Fees 0 0 0
i-directory listing 0 0 0
Sale of Portals 0 0 0
Fulfillment charges 0 0 0
Licensing 0 0 0Subscription 0 0 0
Transaction Fee 0 0 0
Advertisement 0 0 0
Data Centre Management 0 0 0
Call Centre Management 0 0 0
System Intergration and Testing 0 0 0
Others :- 0 0 0
Others :- 0 0 0
Total 100 200 300
F3 : Breakdown of Research & Development
Item * 2005 2006 2007
R&D staff salaries **
--R&D Electronic Engineers 0 0 0
--R&D Embedded Software Engineers 0 0 0
--R&D Software Engineer 0 0 0
--R&D Quality & Security Engineer 0 0 0
--Chief Designer 0 0 0
--Web Designer 10 20 30
--Web Engineer 0 0 0
--Linguists 0 0 0
--Language Translators 0 0 0
--Content Developers 0 0 0
--Others:-(please specify) 0 0 0
Sub-total 10 20 30
14% 14% 14%
Technology acquisitions - Hardware
--Computer Servers 0 0 0
--Personal Computers 0 0 0
--ISDN Lines Connection 10 20 30
--Workstations Hardware & Accessories 0 0 0
--Furniture & Fittings 0 0 0
--Others:-(please specify) 0 0 0
Sub-total 10 20 30
14% 14% 14%
Sales (Local)
Sales ( Exports)
R&D Investment ( at cost)
Networth ( cumulative )
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Grand Total 70 140 210
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F4 : PAST PERFORMANCE
Past Perfomance 2001 2002 2003
Sales 0 0 0
Profit/Loss before tax 0 0 0
3 Year Ruling - Threshold is set at #DIV/0!
Total Sales 600
Total R&D 420
Percentage of R&D over Sales 1
Tax Loss 124,530
OpEx 120
CapEx 207
Total Export 460
RATIO ANALYSIS 2004 2005 2006
Profitibility:
Gross profit 100% 100% 100%
Net profit 3265% 2894% 8605%
Return on capital employed 34% 40% 74%
Asset turnover (times) 0.0 0.0 0.0
Liquidity:
Current ratio ( xx : 1) 9,462 7,257 11,501
Quick ratio/Acid test ratio ( xx : 1) 9,462 7,257 11,501
Financing:
Gearing ratio ( xx : 1) 2.0 0.6 0.0
Interest cover ( times) 2,799.1 3,618.8 14,342.9
Investment:Earnings per share (RM) 65.29 115.77 516.31
Return on shareholders’ funds 99% 64% 74%
Dividend cover ( times ) 1632.25 2894.26 12907.69
ROI 34% 40% 74%
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Company Name:
F1 : FINANCIAL PROJECTIONS (RM)
Year 2005 2006 2007
10 40 90
90 160 210
Total Sales 100 200 300
Net profit (loss) before tax 3,265 5,789 25,815
Net operating cash flow 45 152 236
Liquid Assets 9,442 14,480 34,452
0 0 0
Trade Debtors 20 33 50
Current Assets 9,462 14,513 34,502
417 317 217
Current Liablities 1 2 3
Long-Term Liabilities 6,687 5,853 20
Paid-up-Capital 50 50 50
70 140 210
9,999 14,952 34,932
F2 : Breakdown of Sales (RM)
Item * 2005 2006 2007
Content Edition/Enhancement
Interractive Services
E-Commerce 100 200 300
Software Integration
Website Development Income
Hosting Fees
i-directory listing
Sale of Portals
Fulfillment charges
Licensing
Subscription
Transaction Fee
Advertisement
Data Centre Management
Call Centre Management
System Intergration and Testing
Others :-
Others :-
Total 100 200 300
F3 : Breakdown of Research & Development (RM)
Item * 2005 2006 2007
R&D staff salaries **
--R&D Electronic Engineers
--R&D Embedded Software Engineers
--R&D Software Engineer
--R&D Quality & Security Engineer
--Chief Designer
--Web Designer 10 20 30
--Web Engineer
--Linguists
--Language Translators
--Content Developers
Sub-total 10 20 30
Technology acquisitions - Hardware
--Computer Servers
--Personal Computers
--ISDN Lines Connection 10 20 30
--Workstations Hardware & Accessories
--Furniture & Fittings
Sub-total 10 20 30
Sales (Local)
Sales (Exports)
Stocks ( Inventory)
Fixed Assets (net)
R&D Investment ( at cost)
Networth ( cumulative )
--Others:-(please specify)
--Others:-(please specify)
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PROFIT AND LOSS ACCOUNT
PROJECTIONS
2005 2006 2007
RM RM RM
100 200 300
GROSS PROFIT 100 200 300
less:
General & Administrative Expenses
Professional fees
Directors' remuneration
Insurance 12 24 36
Medical fee
Salaries,allowances & bonus 12 12 12
Utilities
Upkeep of office
R & D expenses 40 80 120
Others:-
Others:-
Others:-
Total G&A 64 116 168
Sales & Marketing Expenses
AdvertisementEntertainment
Printing and stationery
Salaries and commissions 12
Tender fee
Travelling expenses
Upkeep of motor vehicle
Others:-
Others:-
Others:-
Total S&M 12 0 0Other Income 3,333 5,833 25,833
PBDIT 3,357 5,917 25,965
8 27 48
83 100 100
PBIT 3,266 5,790 25,817
less: Financial Charges 1 2 2
PROFIT / (LOSS) BEFORE TAXATION 3,265 5,789 25,815
LESS : TAXATION
PROFIT / (LOSS) AFTER TAXATION 3,265 5,789 25,815
Minority Interest 0 0 0
Distributable Profit 3,265 5,789 25,815
less: Dividend 2 2 2
SALES
less: COST OF SALES
Rental of premises
less: Amortisation of R&D
Depreciation
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Retained Profit / (Loss) For The Year 3,263 5,787 25,813
Retained Profit / (Loss) B/fwd 0 3,263 9,049
Retained Profit / (Loss) C/fwd 3,263 9,049 34,862
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BALANCE SHEET
0 0
PROJECTIONS
2005 2006 2007
RM RM RM
22 54 96
Investment 100 70 120
FIXED ASSETS (net)
Land & Buildings 83 63 43
Fixtures & Fittings 83 63 43
Office Equipment 83 63 43
Motor Vehicles 0 0 0
Others 0 0 0
417 317 217
CURRENT ASSETS
Trade debtors 20 33 50
Cash and bank balances 9,442 14,480 34,452
Prepayments & Deposits 0 0 0
Stocks (non-tradeable) 0 0 0
9,462 14,513 34,502
Other creditors 1 2 3
Trade Creditors 0 0 0
Accruals 0 0 0
Short Term Loans 0 0 0
1 2 3
NET CURRENT ASSETS 9,461 14,511 34,499
NET ASSETS 9,999 14,952 34,932
Financed By :
Share Capital ( Paid-up capital) 50 50 50
Share Premium Reserves 0 0 0Retained Profit C/fwd 3,263 9,049 34,862
3,313 9,099 34,912
Long term liabilities
Grants 6,667 5,833 0
Debenture
Long-term loans 20 20 20
SHAREHOLDERS' NETWORTH 9,999 14,952 34,932
0 0 0
Research & Development (net)
Less : Current Liabilities
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CASH FLOW STATEMENT
- -
PROJECTIONS
2005 2006 2007
RM RM RMCash flows from operating activities
Cash receipts from customers 80 187 283
Cash paid to suppliers 0 0 0
Cash paid to operating expenses & employees (35) (35) (47)
Net cash from/(used in) operating activities 45 152 236
Cash flows from investing activities
Investment (100) 30 (50)
Purchase of fixed assets (500) 0 0
Research & development (70) (140) (210)
Net cash from/( used in) investing activities (670) (110) (260)
Cash flows from financing activities
Issuance of share capital 50
Share Premium
Dividend Paid (-) (2) (2) (2)
Long term loan/borrowings (+) 20
Repayment of loan (-)
Grant 10,000 5,000 20,000
Interest income/(expense) (1) (2) (2)
Net cash from/( used in) financing activities 10,067 4,996 19,996
Net increase( decrease) in cash and cash equivalents 9,442 5,038 19,973
Cash and cash equivalents brought forward 0 9,442 14,480
Cash and cash equivalents carried forward 9,442 14,480 34,452
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Assumptions:-
1. Name of the Company
2. Projection Start (year) 2005 2006 2007
100% 100% 100%
10% 20% 30%
90% 80% 70%
3. Trade Debtors Credit Period (month) 2
4. Trade Creditors Credit Period (month) 0
Other Creditors Credit Period (month) 1
5. Interest Rate (%) 7% 8% 9%
6. Depreciation Rate (%) refer to FA section below
7. Amortisation Rate (%) 33%
8. Period covered in 1st. Year (months) 10
9. Fixed Assets Calculation 2005 2006 2007
Annual Acquisition:
Land & Buildings 100 0 0
Fixtures & Fittings 100 0 0
Office Equipment 100 0 0
Motor Vehicles 0 0 0Others 0 0 0
500 0 0
Depreciation: %
Land & Buildings 20% 17 20 20
Fixtures & Fittings 20% 17 20 20
Office Equipment 20% 17 20 20
Motor Vehicles 20% 0 0 0
Others 20% 0 0 0
83 100 100
Net Book Value:Land & Buildings 83 63 43
Fixtures & Fittings 83 63 43
Office Equipment 83 63 43
Motor Vehicles 0 0 0
Others 0 0 0
417 317 217
Assumptions:- Back to :-
Grant First Drawdown 2005 2006 2007
No.of years to amortised 3
Brought fwd 0 6,667 3,333
Addition 10,000
10,000 6,667 3,333
P&L (Other Income) 3,333 3,333 3,333
carried fwd 6,667 3,333 0
Second Drawdown
No.of years to amortised 2
Brought fwd 0 0 2,500
Addition 5,000
0 5,000 2,500
P&L (Other Income) 0 2,500 2,500carried fwd 0 2,500 0
Third Drawdown
No.of years to amortised 1
Brought fwd 0 0 0
Addition 20,000
0 0 20,000
P&L (Other Income) 0 0 20,000
carried fwd 0 0 0
Sales (must total to 100%)
-expexted Local Sales (%)
-expected Export Sales (%)
Rental of Premises
Cost of Sales
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0 0
2005 2005 2006
Profitability Ratios
Gross profit percentage Gross profit x 100% 100% 100% 100%
Sales
Net profit percentage Net profit x 100% 3265% 2894% 8605%
Sales
Return on capital employed Operating profit x 100% 34% 40% 74%
Capital employed
Asset turnover sales 0.0 0.0 0.0
Total assets less current liabilities
Liquidity Ratios
Current ratio Current assets :1 9,461.8 7,256.6 11,500.8Current liabilities
Quick ratio/Acid test ratio Current assets – Stock :1 9,461.8 7,256.6 11,500.8
Current liabilities
Financing Ratios
Gearing ratio Prior charge capital :1 2.0 0.6 0.0
Total capital
Interest cover PBIT 2,799.1 3,618.8 14,342.9
Interest payable
Investment Ratios
Earnings per share PAT, pref dividends & extraordinary items 65.29 115.77 516.31
Ordinary shares
Return on shareholders’ funds equity earnings 99% 64% 74%
BV of shareholders’ funds at the year end
Dividend cover equity earnings 1,632.25 2,894.26 12,907.69
equity dividend
ROI PBDIT 34% 40% 74% Networth
Total Sales 600 100 200 300
Total R&D 420 70 140 210
Percentage of R&D over Sales 1
Tax Loss 124,530
OpEx 120 76 116 168
CapEx 207 520 40 60
Total Export 460 90 160 210
Return on capital employed EBIT / total assets less current liabilities at the end of the year.
Return on capital employed = EBIT / total assets less current liabilities at the end of the year.
Net profit margin = EBIT/sales.
Asset turnover = sales /total assets less current liabilities.
Current ratio = current assets/current liabilities including overdraft.
Gearing = total debt including overdraft/shareholders’ funds.
Interest cover = EBIT/interest.
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Return on shareholders’ funds = equity earnings / book value of shareholders’ funds at the end of the year.
Dividend cover = equity earnings/equity dividend.
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Notes to the Accounts
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