Documente Academic
Documente Profesional
Documente Cultură
PL Detail
6 2
PL Summary
3 4
1 Data is gathered from Assumptions Sheets for Product 1 (Pro1), Product 2 (Pro2)
and Product 3 (Pro3) in detailed summary sheet (PL Detail).
On PL Detail you will still be able to track all categories of expenses from Assumptions.
All Expenses/Revenues from different products are grouped by Years.
All Non-Allocated Fixed Costs (Operating Expenses) are added to the analysis.
2 Data from PL Detail is summarized in PL Summary. All major categories of
expenses are combined together into large groups. At this point we can make
a decision concerning the capital needed to finance the project.
3 As we use indirect method of the Cash Flow computation, it starts with Net Income.
Net Income for each year is the final result of PL Summary
4 Some information in the Balance Sheet (BalSheet) is based on our assumptions.
For example, the balance in Accounts Receivables will depend on the amount of
Sales that we forecasts for this year.
5 Because Cash is so crucial in business operations, we need to evaluate Cash Flow
Balance Sheet is one of the main sources of information.
6 We will have to reevaluate our assumptions if we see the shortage of cash in Cash Flow statement.
We might need some additional sources of cash to cover the shortages (if any).
w statement.
PAGE #
Business Plan Assumptions
Secti Annual % of
on Growth YEAR 1 Sales
Sales
Product/Service #1: Aviation Fuel 1.1
Airline contract fuel @ 50,000 G/mo @ .10/g flowage fee 1.1.1 12.0% 1,068,000 48.5%
Avjet A based A/C @ 2000 g/mo @ 2.04; no price incr. 1.1.2 5.0% 48,960 2.2%
Avjet A transients @ 40,000 g/mo @ 2.04; no price incr. 1.1.3 10.0% 979,200 44.4%
Avgas @ 4500 g/mo @ 1.98; no price incr. 1.1.4 0.0% 106,920 4.9%
Total Sales Product #1 2,203,080 100.0%
Variable Costs (COGS): 1.2
Labor
Labor costs are fixed 1.2.1
Materials
Cost of fuel @ Avjet A $1.68 for Into-Plane Contracts 1.2.2 0.0% 1,008,000 45.8%
Cost of fuel @ Avjet A $1.68 (based A/C sales) 1.2.2 5.0% 40,320 1.8%
Cost of fuel @ Avjet A $1.68 (Transient A/C sales) 1.2.2 7.0% 806,400 36.6%
Cost of fuel @ Avgas $1.54 1.2.3 0.0% 83,160 3.8%
Total Materials 1,937,880
Credit Card/Bad debt charges on retail fuel sales 1.2.4 n/a 17,026 0.8%
Commissions/Direct sales Costs
A/C Commission Fuel Flowage fees @.02 1.2.5 10.0% 3,360 0.2%
Total Variable Costs 1,958,266 88.9%
Allocated Fixed Costs: 1.3
Production/Operations Salaries
Line Salaries= 6 FT linemen @ av7.35/hrX40hrX52 1.3.1 5.0% 91,728 4.2%
Line Salaries= 4 PT linemen @ av4.50/hrX15hrX52 1.3.1 5.0% 14,040 0.6%
Total Production/Operations Salaries 105,768
Insurance and benefits @ 15% for FT 1.3.1 5.0% 13,759 0.6%
Tools/Equipment Rental
Fuel truck rental and repair 4 trucks @$500/yr ea. 1.3.2 5.0% 2,000 0.1%
Production/Operations Supplies 1.3.3 5.0% 800 0.0%
R&D 1.3.4 0 0.0%
Other Product/Ops Expense 1.3.5 0 0.0%
Total Fixed Direct Costs 122,327 5.6%
Total Cost of Goods Sold 2,080,593 94.4%
Gross Profit Product/Service #1 122,487 5.6%
% of % of % of % of
YEAR 2 Sales YEAR 3 Sales YEAR 4 Sales YEAR 5 Sales
Secti Annual
on Growth YEAR 1
Sales
Product/Service #2: Air Charter 2.1
Contract Flying - NASA // C402 100days @ $375 + $275/hr (est 150hrs) 2.1.1 5.0% 78,750
Contract Flying - Navy // 3missions @ $7000 (est 60 Hrs 402) 2.1.2 5.0% 21,000
Contract Flying - Shipyard// 30 trips NGU-RIC@$260 (est 45 hrs Aztec) 2.1.3 5.0% 7,800
Contract Flying - Banks// 30 check runs@$400 (est 60hrs Aztec/402) 2.1.4 5.0% 12,000
Air Taxi on demand800hrs ME@$220, 850hrs SE@$90 2.1.5 5.0% 252,500
Total Sales Product #2 372,050
Variable Costs (COGS): 2.2
Labor
Labor= Pilot variable @ $15/hr ME, $10/hr SE 2.2.1 5.0% 15,725
Materials
402A/C operating costs @ $60 fuel; $50 maint; $30 Eng Res=$140X540hrs 2.2.2 5.0% 75,600
AztecA/C operating costs @ $50 fuel; $40 maint; $25 Eng Res=$115X575 2.2.3 5.0% 66,125
SEA/C operating costs @ $25 fuel; $20 maint; $15 Eng Res=$60X750 2.2.4 5.0% 51,000
Navy contract travel/perdiem costs// 3missions X 1000 2.2.5 5.0% 3,000
Landing fees; Tie Downs; Pilot Misc Charter Expenses@ 4%Xcharters 2.2.6 5.0% 10,100
Total Materials 205,825
Credit Card Charges/Bad debt charges on Air taxi 2.2.7 5.0% 3,788
Total Variable Costs 225,338
Allocated Fixed Costs: 2.3
Production/Operations Salaries
Charter Dept. Salaries= 3FT Pilots @$15,000 base, 2 dispatchers @$14,000ea. 2.3.1 5.0% 73,000
Insurance and benefits @ 15% for FT 2.3.1 5.0% 10,950
Production/Operations Supplies
Charts, Equipment, Supplies 2.3.2 5.0% 2,500
Advertising
Advertising, Charter Dept. @ 7% X Charter Gross 2.3.3 5.0% 9,000
Other Product/Ops Expense, Interest
Other Charter Dept Expense, Interest on Aircraft 2.3.4 42,000
Total Fixed Direct Costs 137,450
Total Cost of Goods Sold 362,788
Gross Profit Product/Service #2 9,263
% of % of % of % of % of
Sales YEAR 2 Sales YEAR 3 Sales YEAR 4 Sales YEAR 5 Sales
Secti Annual
on Growth YEAR 1
Sales
Product/Service #3: A/C Sales 3.1
New Twin engine Corporate 1 @ $500,000 (+ann. Incr. Of 1 up to 3/year) 3.1.1 500,000
New Single Engine HP 1 @ 200,000 (+ann. Incr. Of 1 up to 3/year) 3.1.2 200,000
Used A/C sales 4 @ 150,000 3.1.3 600,000
Brokerage Sales 4 @ 10,000 net 3.1.4 40,000
Total Sales Product #3 1,340,000
Variable Costs (COGS): 3.2
Labor
Materials
New Twin Engine @ .87XSales 3.2.1 435,000
New Single Engine HP @ .87XSales 3.2.2 174,000
Used A/C sales @ .83XSales 3.2.3 498,000
Total Materials 1,107,000
Commissions/Direct Sales Costs
Sales Commissions 3.2.4 23,300
Total Variable Costs 1,130,300
Allocated Fixed Costs: 3.3
Production/Operations Salaries
Sales Person Base salary 3.3.1 30,000
Insurance and benefits @ 15% for FT 3.3.1 4,500
Advertising
A/C Sales Dept Advertising 3.3.2 25,000
Other Product/Ops Expense
Interest on Inventory A/C 3.3.3 7,500
A/C Sales Dept Travel/Entertainment Expense 3.3.4 20,000
Trade shows 3.3.5 12,000
Total Other Product/Ops Expense 39,500
Production/Operations Supplies
Other Sales Dept Expenses 3.3.6 5,000
Total Fixed Direct Costs 104,000
Total Cost of Goods Sold 1,234,300
Gross Profit Product/Service #3 105,700
% of % of % of % of % of
Sales YEAR 2 Sales YEAR 3 Sales YEAR 4 Sales YEAR 5 Sales
Operating Expenses:
Year 1 Details Month Month Month Month Month Month Month Month Month Month
1 2 3 4 5 6 7 8 9 10
Corporate Marketing:
Salaries & benefits
Advertising (or departmental)
Trade Shows (or departmental)
Entertainment/PR (or departmental) 125 125 125 125 125 125 125 125 125 125
Design/Printing (or departmental) 100 100 100 100 100 100 100 100 100 100
Travel (or departmental) 0 0 0 0 0 0 0 0 0 0
Marketing Overhd/sales offices 0 0 0 0 0 0 0 0 0 0
Total Corp. Marketing Expenses 225 225 225 225 225 225 225 225 225 225
G & A:
Officers salaries/benefits 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
Administrative salaries 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,667
Rent/headquarters Overhead 600 600 600 600 600 600 600 600 600 600
Consultants/Professional Fees 208 208 208 208 208 208 208 208 208 208
Bad Debts @ 1% Prod #2 Rev 310 310 310 310 310 310 310 310 310 310
Bank Charges (in variable exp.) 0 0 0 0 0 0 0 0 0 0
Taxes (other than income) 583 583 583 583 583 583 583 583 583 583
Office expense +5%yr. 292 292 292 292 292 292 292 292 292 292
Licenses 100 100 100 100 100 100 100 100 100 100
Telephone +7%yr 200 200 200 200 200 200 200 200 200 200
Utilities +3%yr 533 533 533 533 533 533 533 533 533 533
Donations
Other G&A
Total G&A Expenses 9,493 9,493 9,493 9,493 9,493 9,493 9,493 9,493 9,493 9,493
Depreciation (A/C @5yr SL) 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000
- Total Operating Expenses: 16,718 16,718 16,718 16,718 16,718 16,718 16,718 16,718 16,718 16,718
= Operating Income ### ### ### ### -9,923 -9,923 -1,676 -1,676 -9,923 -9,923
- Non-Operating Income/Expense
Interest Income 0 0 0 0 0 0 0 0 0 0
Interest Expense 0 0 0 0 0 0 0 0 0 0
= Income Before Taxes ### ### ### ### -9,923 -9,923 -1,676 -1,676 -9,923 -9,923
- Taxes on Income
Year 1 Details Month Month Month Month Month Month Month Month Month Month
1 2 3 4 5 6 7 8 9 10
= Net Income After Taxes ### ### ### ### -9,923 -9,923 -1,676 -1,676 -9,923 -9,923
Cumulative Profit from Operations ### ### ### ### ### ### ### ### ### ###
Operating Expenses:
- Non-Operating Income/Expense
Interest Income 0 0 0
Interest Expense 0 0 0
= Income Before Taxes -14,046 174,840 36,829 1,286,302 1,564,402 1,770,234 1,998,404
- Taxes on Income 5,524 450,206 547,541 619,582 699,441
Operating Expenses:
Marketing 2,700 0.1% 7,000 0.1% 7,700 0.1% 8,500
G&A 113,921 2.9% 118,142 2.4% 123,198 2.1% 128,507
Depreciation [A/C] 84,000 2.1% 84,000 1.7% 84,000 1.4% 84,000
Total Operating Expenses 200,621 5.1% 209,142 4.3% 214,898 3.7% 221,007
Non-Operating Income/Expense
Interest Income 0 0 0 0
Interest Expense 0 0 0 0
Income Before Taxes 36,829 0.9% 1,286,302 26.5% 1,564,402 26.8% 1,770,234
Taxes on Income 5,524 15.0% 450,206 35.0% 547,541 35.0% 619,582
Net Income After Taxes 31,304 0.8% 836,096 17.2% 1,016,861 17.4% 1,150,652
% of total % of total
Sales Year 5 Sales
0
0
28.8% 1,998,404 30.9%
35.0% 699,441 35.0%
18.7% 1,298,962 20.1%
3. Bought Gas and Oil: 25000gallons for $1.68 per gallon and
50000 gallons for $1.68. The purchase was made on account.
Gas and Oil 126,000
Accounts Payable 126,000
3,235,102
62,105
0
420,000
336,000
84,000
0
0
0
91,163
0
184,477
275,640
3,656,846
330,769
0
91,163
200,000
3,034,914
3,656,846
Correct
INVESTEMENT
Change in Long-Term Assets 0 0 0 0 0
FINANCING
Sources of Cash:
Sale of Stock/Increase in Equity 0 0 0 0 200,000
Sale of Bonds 0 0 0 0 0
Proceeds of Loans 3,750 3,938 4,134 4,341 4,558
Sale of Investments 0 0 0 0 0
Collection of Notes/Loans Receivable 0 0 0 0 0
Net Cash available from operations/financing 215,090 876,947 1,140,618 1,222,447 1,594,496
Uses of Cash:
Purchase of Assets/Investments 0 0 0 0 -420,000
Stockholder Dividends 0 0 0 0 0
Increase in Notes/Loans Receivable
Repayment of Debt 168,000 168,000 84,000 0 0
Total uses of cash 168,000 168,000 84,000 0 -420,000
Net Cash Flow From Operations/Financing 47,090 708,947 1,056,618 1,222,447 2,014,496