Projected Income Statement For the year ended 31 December 2009 Projected Sales
Note
Taka
% on sales
Dealer
4.1
79,270,516
Showroom
4.2
172,729,963 252,000,479
Less: Projected Cost of Goods Sold Opening Stock
-
Purchase
1.03
196,231,597
Closing Stock
2
15,094,738
Projected Gross Profit
70,863,620
28%
Less: Projected Operating Cost Salaries & other benefits
3
7,462,000
Postage & telegram
293,177
Conveyance
250,000
Car allowance
180,000
Corporate management fees
300,000
Carriage outward @ Tk. 15/pc
3,524,818
Advertisement Expenses (.25% on sale)
630,001
Godwan rent (16 units @ Tk. 20,000)
320,000
Electricity bill
192,000
Traveling & Conveyance
400,000
Bank charge
90,000
Printing & Stationary
225,000
News papers & periodical
23,808
Uniforms
16,000
Office Expenses
384,000
Depreciation
480,000
Projected Operating Profit
14,770,804
6%
56,092,816
22%
Less: Projected Non Operating Cost Audit fees
10,000
Dealer commission (4.75% on sale)
3,765,350
Annual dealer incentive (.25% on sale) Bank interest
Projected Net Profit
Assumptions:
198,176 5.2
4,688,321 8,661,847
3%
47,430,968
19%