Global Health Translations
Appendix
| Sales Forecast | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Sales | |||||||||||||
| Translation Projects | 0% | $0 | $17,000 | $19,000 | $21,000 | $24,000 | $24,000 | $27,000 | $27,000 | $29,000 | $31,000 | $28,000 | $26,000 |
| Other | 0% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Sales | $0 | $17,000 | $19,000 | $21,000 | $24,000 | $24,000 | $27,000 | $27,000 | $29,000 | $31,000 | $28,000 | $26,000 | |
| Direct Cost of Sales | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Translation Projects | $0 | $6,000 | $7,000 | $8,000 | $9,000 | $9,000 | $10,000 | $10,000 | $12,000 | $12,500 | $11,500 | $10,000 | |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Subtotal Direct Cost of Sales | $0 | $6,000 | $7,000 | $8,000 | $9,000 | $9,000 | $10,000 | $10,000 | $12,000 | $12,500 | $11,500 | $10,000 | |
| Personnel Plan | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Project Managers (2) | 0% | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 |
| Marketing Person | 0% | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 |
| Other | 0% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total People | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | |
| Total Payroll | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | |
| General Assumptions | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| 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 | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | |
| Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Pro Forma Profit and Loss | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Sales | $0 | $17,000 | $19,000 | $21,000 | $24,000 | $24,000 | $27,000 | $27,000 | $29,000 | $31,000 | $28,000 | $26,000 | |
| Direct Cost of Sales | $0 | $6,000 | $7,000 | $8,000 | $9,000 | $9,000 | $10,000 | $10,000 | $12,000 | $12,500 | $11,500 | $10,000 | |
| Other Production Expenses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Cost of Sales | $0 | $6,000 | $7,000 | $8,000 | $9,000 | $9,000 | $10,000 | $10,000 | $12,000 | $12,500 | $11,500 | $10,000 | |
| Gross Margin | $0 | $11,000 | $12,000 | $13,000 | $15,000 | $15,000 | $17,000 | $17,000 | $17,000 | $18,500 | $16,500 | $16,000 | |
| Gross Margin % | 0.00% | 64.71% | 63.16% | 61.90% | 62.50% | 62.50% | 62.96% | 62.96% | 58.62% | 59.68% | 58.93% | 61.54% | |
| Expenses | |||||||||||||
| Payroll | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | |
| Sales and Marketing and Other Expenses | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | |
| Depreciation | $238 | $238 | $238 | $238 | $238 | $238 | $238 | $238 | $238 | $238 | $238 | $238 | |
| Leased Equipment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Utilities | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | |
| Insurance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Rent | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | |
| Payroll Taxes | 15% | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Operating Expenses | $10,738 | $10,738 | $10,738 | $10,738 | $10,738 | $10,738 | $10,738 | $10,738 | $10,738 | $10,738 | $10,738 | $10,738 | |
| Profit Before Interest and Taxes | ($10,738) | $262 | $1,262 | $2,262 | $4,262 | $4,262 | $6,262 | $6,262 | $6,262 | $7,762 | $5,762 | $5,262 | |
| EBITDA | ($10,500) | $500 | $1,500 | $2,500 | $4,500 | $4,500 | $6,500 | $6,500 | $6,500 | $8,000 | $6,000 | $5,500 | |
| Interest Expense | $417 | $417 | $417 | $417 | $417 | $417 | $417 | $417 | $417 | $417 | $417 | $417 | |
| Taxes Incurred | ($3,346) | ($46) | $254 | $554 | $1,154 | $1,154 | $1,754 | $1,754 | $1,754 | $2,204 | $1,604 | $1,454 | |
| Net Profit | ($7,808) | ($108) | $592 | $1,292 | $2,692 | $2,692 | $4,092 | $4,092 | $4,092 | $5,142 | $3,742 | $3,392 | |
| Net Profit/Sales | 0.00% | -0.64% | 3.11% | 6.15% | 11.22% | 11.22% | 15.15% | 15.15% | 14.11% | 16.59% | 13.36% | 13.05% | |
| Pro Forma Cash Flow | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Cash Received | |||||||||||||
| Cash from Operations | |||||||||||||
| Cash Sales | $0 | $4,250 | $4,750 | $5,250 | $6,000 | $6,000 | $6,750 | $6,750 | $7,250 | $7,750 | $7,000 | $6,500 | |
| Cash from Receivables | $0 | $0 | $425 | $12,800 | $14,300 | $15,825 | $18,000 | $18,075 | $20,250 | $20,300 | $21,800 | $23,175 | |
| Subtotal Cash from Operations | $0 | $4,250 | $5,175 | $18,050 | $20,300 | $21,825 | $24,750 | $24,825 | $27,500 | $28,050 | $28,800 | $29,675 | |
| 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 | $0 | $4,250 | $5,175 | $18,050 | $20,300 | $21,825 | $24,750 | $24,825 | $27,500 | $28,050 | $28,800 | $29,675 | |
| Expenditures | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Expenditures from Operations | |||||||||||||
| Cash Spending | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | |
| Bill Payments | ($430) | ($120) | $8,914 | $10,214 | $11,524 | $13,070 | $13,124 | $14,670 | $14,737 | $16,702 | $17,567 | $15,965 | |
| Subtotal Spent on Operations | $7,570 | $7,880 | $16,914 | $18,214 | $19,524 | $21,070 | $21,124 | $22,670 | $22,737 | $24,702 | $25,567 | $23,965 | |
| 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 | $0 | $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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Dividends | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Subtotal Cash Spent | $7,570 | $7,880 | $16,914 | $18,214 | $19,524 | $21,070 | $21,124 | $22,670 | $22,737 | $24,702 | $25,567 | $23,965 | |
| Net Cash Flow | ($7,570) | ($3,630) | ($11,739) | ($164) | $776 | $755 | $3,626 | $2,155 | $4,763 | $3,348 | $3,233 | $5,710 | |
| Cash Balance | $18,430 | $14,799 | $3,061 | $2,897 | $3,674 | $4,428 | $8,055 | $10,210 | $14,973 | $18,321 | $21,554 | $27,263 | |
| Pro Forma Balance Sheet | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Assets | Starting Balances | ||||||||||||
| Current Assets | |||||||||||||
| Cash | $26,000 | $18,430 | $14,799 | $3,061 | $2,897 | $3,674 | $4,428 | $8,055 | $10,210 | $14,973 | $18,321 | $21,554 | $27,263 |
| Accounts Receivable | $0 | $0 | $12,750 | $26,575 | $29,525 | $33,225 | $35,400 | $37,650 | $39,825 | $41,325 | $44,275 | $43,475 | $39,800 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $26,000 | $18,430 | $27,549 | $29,636 | $32,422 | $36,899 | $39,828 | $45,705 | $50,035 | $56,298 | $62,596 | $65,029 | $67,063 |
| Long-term Assets | |||||||||||||
| Long-term Assets | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 |
| Accumulated Depreciation | $0 | $238 | $476 | $714 | $952 | $1,190 | $1,428 | $1,666 | $1,904 | $2,142 | $2,380 | $2,618 | $2,856 |
| Total Long-term Assets | $20,000 | $19,762 | $19,524 | $19,286 | $19,048 | $18,810 | $18,572 | $18,334 | $18,096 | $17,858 | $17,620 | $17,382 | $17,144 |
| Total Assets | $46,000 | $38,192 | $47,073 | $48,922 | $51,470 | $55,709 | $58,400 | $64,039 | $68,131 | $74,156 | $80,216 | $82,411 | $84,207 |
| Liabilities and Capital | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Current Liabilities | |||||||||||||
| Accounts Payable | $0 | $0 | $8,990 | $10,247 | $11,503 | $13,050 | $13,050 | $14,597 | $14,597 | $16,530 | $17,448 | $15,902 | $14,307 |
| Current Borrowing | $0 | $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 | $0 | $0 | $8,990 | $10,247 | $11,503 | $13,050 | $13,050 | $14,597 | $14,597 | $16,530 | $17,448 | $15,902 | $14,307 |
| Long-term Liabilities | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 |
| Total Liabilities | $50,000 | $50,000 | $58,990 | $60,247 | $61,503 | $63,050 | $63,050 | $64,597 | $64,597 | $66,530 | $67,448 | $65,902 | $64,307 |
| Paid-in Capital | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 |
| Retained Earnings | ($54,000) | ($54,000) | ($54,000) | ($54,000) | ($54,000) | ($54,000) | ($54,000) | ($54,000) | ($54,000) | ($54,000) | ($54,000) | ($54,000) | ($54,000) |
| Earnings | $0 | ($7,808) | ($7,917) | ($7,325) | ($6,033) | ($3,341) | ($650) | $3,442 | $7,534 | $11,626 | $16,767 | $20,509 | $23,901 |
| Total Capital | ($4,000) | ($11,808) | ($11,917) | ($11,325) | ($10,033) | ($7,341) | ($4,650) | ($558) | $3,534 | $7,626 | $12,767 | $16,509 | $19,901 |
| Total Liabilities and Capital | $46,000 | $38,192 | $47,073 | $48,922 | $51,470 | $55,709 | $58,400 | $64,039 | $68,131 | $74,156 | $80,216 | $82,411 | $84,207 |
| Net Worth | ($4,000) | ($11,808) | ($11,917) | ($11,325) | ($10,033) | ($7,341) | ($4,650) | ($558) | $3,534 | $7,626 | $12,767 | $16,509 | $19,901 |
By 
