Artemide Auditing & Consulting AG
Appendix
| Sales Forecast | |||||||||||||
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ||
| Sales | |||||||||||||
| Audit services | 0% | $4,343 | $5,791 | $5,791 | $5,791 | $7,238 | $9,844 | $8,686 | $9,844 | $5,791 | $5,791 | $5,791 | $5,791 |
| Consulting services | 0% | $2,606 | $3,474 | $3,474 | $3,474 | $4,343 | $5,906 | $5,212 | $5,906 | $3,474 | $3,474 | $3,474 | $3,474 |
| Investigation services | 0% | $1,737 | $2,316 | $2,316 | $2,316 | $2,895 | $3,938 | $3,474 | $3,938 | $2,316 | $2,316 | $2,316 | $2,316 |
| Total Sales | $8,686 | $11,581 | $11,581 | $11,581 | $14,476 | $19,688 | $17,372 | $19,688 | $11,581 | $11,581 | $11,581 | $11,581 | |
| Direct Cost of Sales | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
| Audit services | $651 | $869 | $869 | $869 | $1,086 | $1,477 | $1,303 | $1,477 | $869 | $869 | $869 | $869 | |
| Consulting services | $391 | $521 | $521 | $521 | $651 | $886 | $782 | $886 | $521 | $521 | $521 | $521 | |
| Investigation services | $347 | $463 | $463 | $463 | $579 | $788 | $695 | $788 | $463 | $463 | $463 | $463 | |
| Subtotal Direct Cost of Sales | $1,389 | $1,853 | $1,853 | $1,853 | $2,316 | $3,151 | $2,780 | $3,151 | $1,853 | $1,853 | $1,853 | $1,853 | |
| Personnel Plan | |||||||||||||
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ||
| Sandor Artemide | 0% | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 |
| Brigitte Artemide | 0% | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 |
| Total People | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | |
| Total Payroll | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | |
| General Assumptions | |||||||||||||
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ||
| Plan Month | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | |
| Current Interest Rate | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | |
| Long-term Interest Rate | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | |
| Tax Rate | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | |
| Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Pro Forma Profit and Loss | |||||||||||||
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ||
| Sales | $8,686 | $11,581 | $11,581 | $11,581 | $14,476 | $19,688 | $17,372 | $19,688 | $11,581 | $11,581 | $11,581 | $11,581 | |
| Direct Cost of Sales | $1,389 | $1,853 | $1,853 | $1,853 | $2,316 | $3,151 | $2,780 | $3,151 | $1,853 | $1,853 | $1,853 | $1,853 | |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Cost of Sales | $1,389 | $1,853 | $1,853 | $1,853 | $2,316 | $3,151 | $2,780 | $3,151 | $1,853 | $1,853 | $1,853 | $1,853 | |
| Gross Margin | $7,297 | $9,728 | $9,728 | $9,728 | $12,160 | $16,537 | $14,592 | $16,537 | $9,728 | $9,728 | $9,728 | $9,728 | |
| Gross Margin % | 84.01% | 84.00% | 84.00% | 84.00% | 84.00% | 84.00% | 84.00% | 84.00% | 84.00% | 84.00% | 84.00% | 84.00% | |
| Expenses | |||||||||||||
| Payroll | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | |
| Sales and Marketing and Other Expenses | $400 | $590 | $590 | $590 | $590 | $599 | $590 | $590 | $590 | $590 | $590 | $590 | |
| Depreciation | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | |
| Leased Equipment (incl. office rental) | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | |
| Utilities (incl. office furniture, etc.) | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | |
| Insurance | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | |
| Rent | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Payroll Taxes | 16% | $960 | $960 | $960 | $960 | $960 | $960 | $960 | $960 | $960 | $960 | $960 | $960 |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Operating Expenses | $8,010 | $8,200 | $8,200 | $8,200 | $8,200 | $8,209 | $8,200 | $8,200 | $8,200 | $8,200 | $8,200 | $8,200 | |
| Profit Before Interest and Taxes | ($713) | $1,528 | $1,528 | $1,528 | $3,961 | $8,329 | $6,393 | $8,338 | $1,529 | $1,528 | $1,528 | $1,528 | |
| EBITDA | ($513) | $1,728 | $1,728 | $1,728 | $4,161 | $8,529 | $6,593 | $8,538 | $1,729 | $1,728 | $1,728 | $1,728 | |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Taxes Incurred | ($178) | $382 | $382 | $382 | $990 | $2,082 | $1,598 | $2,084 | $382 | $382 | $382 | $382 | |
| Net Profit | ($535) | $1,146 | $1,146 | $1,146 | $2,970 | $6,246 | $4,794 | $6,253 | $1,146 | $1,146 | $1,146 | $1,146 | |
| Net Profit/Sales | -6.16% | 9.90% | 9.90% | 9.90% | 20.52% | 31.73% | 27.60% | 31.76% | 9.90% | 9.90% | 9.90% | 9.90% | |
| Pro Forma Cash Flow | |||||||||||||
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ||
| Cash Received | |||||||||||||
| Cash from Operations | |||||||||||||
| Cash Sales | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Cash from Receivables | $5,791 | $6,080 | $8,783 | $11,581 | $11,581 | $11,678 | $14,650 | $19,611 | $17,449 | $19,418 | $11,581 | $11,581 | |
| Subtotal Cash from Operations | $5,791 | $6,080 | $8,783 | $11,581 | $11,581 | $11,678 | $14,650 | $19,611 | $17,449 | $19,418 | $11,581 | $11,581 | |
| Additional Cash Received | |||||||||||||
| Sales Tax, VAT, HST/GST Received | 0.00% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| New Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| New Other Liabilities (interest-free) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| New Long-term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Sales of Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Sales of Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| New Investment Received | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Subtotal Cash Received | $5,791 | $6,080 | $8,783 | $11,581 | $11,581 | $11,678 | $14,650 | $19,611 | $17,449 | $19,418 | $11,581 | $11,581 | |
| Expenditures | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
| Expenditures from Operations | |||||||||||||
| Cash Spending | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | |
| Bill Payments | $11,682 | $3,061 | $4,235 | $4,235 | $4,271 | $5,370 | $7,213 | $6,406 | $7,135 | $4,235 | $4,235 | $4,235 | |
| Subtotal Spent on Operations | $17,682 | $9,061 | $10,235 | $10,235 | $10,271 | $11,370 | $13,213 | $12,406 | $13,135 | $10,235 | $10,235 | $10,235 | |
| Additional Cash Spent | |||||||||||||
| Sales Tax, VAT, HST/GST Paid Out | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Principal Repayment of Current Borrowing | $2,895 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Other Liabilities Principal Repayment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Long-term Liabilities Principal Repayment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Purchase Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Purchase Long-term Assets | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | |
| Dividends | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Subtotal Cash Spent | $22,577 | $11,061 | $12,235 | $12,235 | $12,271 | $13,370 | $15,213 | $14,406 | $15,135 | $12,235 | $12,235 | $12,235 | |
| Net Cash Flow | ($16,786) | ($4,981) | ($3,453) | ($654) | ($690) | ($1,693) | ($563) | $5,205 | $2,314 | $7,183 | ($654) | ($654) | |
| Cash Balance | $75,865 | $70,884 | $67,431 | $66,777 | $66,087 | $64,395 | $63,832 | $69,036 | $71,351 | $78,534 | $77,880 | $77,226 | |
| Pro Forma Balance Sheet | |||||||||||||
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ||
| Assets | Starting Balances | ||||||||||||
| Current Assets | |||||||||||||
| Cash | $92,651 | $75,865 | $70,884 | $67,431 | $66,777 | $66,087 | $64,395 | $63,832 | $69,036 | $71,351 | $78,534 | $77,880 | $77,226 |
| Accounts Receivable | $11,581 | $14,477 | $19,977 | $22,776 | $22,776 | $25,671 | $33,681 | $36,404 | $36,481 | $30,613 | $22,776 | $22,776 | $22,776 |
| Other Current Assets | $1,158 | $1,158 | $1,158 | $1,158 | $1,158 | $1,158 | $1,158 | $1,158 | $1,158 | $1,158 | $1,158 | $1,158 | $1,158 |
| Total Current Assets | $105,390 | $91,499 | $92,019 | $91,365 | $90,711 | $92,916 | $99,234 | $101,393 | $106,675 | $103,121 | $102,468 | $101,814 | $101,160 |
| Long-term Assets | |||||||||||||
| Long-term Assets | $6,948 | $8,948 | $10,948 | $12,948 | $14,948 | $16,948 | $18,948 | $20,948 | $22,948 | $24,948 | $26,948 | $28,948 | $30,948 |
| Accumulated Depreciation | $0 | $200 | $400 | $600 | $800 | $1,000 | $1,200 | $1,400 | $1,600 | $1,800 | $2,000 | $2,200 | $2,400 |
| Total Long-term Assets | $6,948 | $8,748 | $10,548 | $12,348 | $14,148 | $15,948 | $17,748 | $19,548 | $21,348 | $23,148 | $24,948 | $26,748 | $28,548 |
| Total Assets | $112,338 | $100,247 | $102,567 | $103,713 | $104,859 | $108,864 | $116,982 | $120,941 | $128,023 | $126,269 | $127,416 | $128,562 | $129,708 |
| Liabilities and Capital | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
| Current Liabilities | |||||||||||||
| Accounts Payable | $11,581 | $2,920 | $4,094 | $4,094 | $4,094 | $5,129 | $7,000 | $6,165 | $6,994 | $4,093 | $4,094 | $4,094 | $4,094 |
| Current Borrowing | $2,895 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Subtotal Current Liabilities | $14,476 | $2,920 | $4,094 | $4,094 | $4,094 | $5,129 | $7,000 | $6,165 | $6,994 | $4,093 | $4,094 | $4,094 | $4,094 |
| Long-term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $14,476 | $2,920 | $4,094 | $4,094 | $4,094 | $5,129 | $7,000 | $6,165 | $6,994 | $4,093 | $4,094 | $4,094 | $4,094 |
| Paid-in Capital | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 |
| Retained Earnings | $92,862 | $92,862 | $92,862 | $92,862 | $92,862 | $92,862 | $92,862 | $92,862 | $92,862 | $92,862 | $92,862 | $92,862 | $92,862 |
| Earnings | $0 | ($535) | $611 | $1,757 | $2,903 | $5,874 | $12,120 | $16,914 | $23,168 | $24,314 | $25,460 | $26,606 | $27,752 |
| Total Capital | $97,862 | $97,327 | $98,473 | $99,619 | $100,765 | $103,736 | $109,982 | $114,776 | $121,030 | $122,176 | $123,322 | $124,468 | $125,614 |
| Total Liabilities and Capital | $112,338 | $100,247 | $102,567 | $103,713 | $104,859 | $108,864 | $116,982 | $120,941 | $128,023 | $126,269 | $127,416 | $128,562 | $129,708 |
| Net Worth | $97,862 | $97,327 | $98,473 | $99,619 | $100,765 | $103,736 | $109,982 | $114,776 | $121,030 | $122,176 | $123,322 | $124,468 | $125,614 |
By 
