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Forecasting Project Template Spring 2021

This document presents financial projections for a company over a 5 year period from 2016 to Year +5. It includes an income statement, balance sheet, cash flow statement, and projections for capital expenditures, depreciation, and ratios. The income statement shows increasing revenues, costs, and net income each year. The balance sheet shows growing assets, liabilities, and shareholder's equity over time. Capital expenditures of $10,000 are projected each year with corresponding depreciation expense. Return on common equity is projected to gradually decrease each year from 18.72% to 15.68%.

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Chenxi Jing
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© © All Rights Reserved
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Download as XLSX, PDF, TXT or read online on Scribd
16 views

Forecasting Project Template Spring 2021

This document presents financial projections for a company over a 5 year period from 2016 to Year +5. It includes an income statement, balance sheet, cash flow statement, and projections for capital expenditures, depreciation, and ratios. The income statement shows increasing revenues, costs, and net income each year. The balance sheet shows growing assets, liabilities, and shareholder's equity over time. Capital expenditures of $10,000 are projected each year with corresponding depreciation expense. Return on common equity is projected to gradually decrease each year from 18.72% to 15.68%.

Uploaded by

Chenxi Jing
Copyright
© © All Rights Reserved
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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COMPREHENSIVE INCOME STATEMENT

2016 Year +1 Year +2 Year +3 Year +4 Year +5


Revenues 482,130 491,773 501,608 511,640 521,873 532,310
COGS (360,984) (368,829) (376,206) (383,730) (391,405) (399,233)
Gross Profit 121,146 122,943 125,402 127,910 130,468 133,078
SG&A Expense (97,041) (98,355) (100,322) (102,328) (104,375) (106,462)
Operating Income 24,105 24,589 25,080 25,582 26,094 26,616
Interest Income 81 168 254 358 474 601
Interest Expense (2,548) (2,539) (2,615) (2,694) (2,775) (2,858)
Income Before Tax 21,638 22,217 22,719 23,246 23,793 24,358
Income Tax Expense (6,558) (7,110) (7,270) (7,439) (7,614) (7,795)
Net Income 15,080 15,108 15,449 15,808 16,179 16,564
NI Attributable to NCI (386) (386) (386) (386) (386) (386)
NI Attributable to CS 14,694 14,722 15,063 15,422 15,793 16,178
OCI (4,429)
Comprehensive Income 10,265 14,722 15,063 15,422 15,793 16,178
BALANCE SHEET

2016 Year +1 Year +2 Year +3 Year +4 Year +5


Cash & CE 8,705 13,675 20,225 27,539 35,614 44,460
Accounts Receivables (net) 5,624 5,736 5,851 5,968 6,088 6,209
Inventory 44,469 45,472 46,382 47,309 48,255 49,220
Prepaid Expenses 1,441 1,470 1,499 1,529 1,560 1,591
Current Assets 60,239 66,354 73,957 82,346 91,517 101,481
PPE (cost) 188,054 198,054 208,054 218,054 228,054 238,054
Acc. Depreciation (71,538) (81,441) (91,843) (102,746) (114,149) (126,051)
Goodwill 16,695 17,029 17,369 17,717 18,071 18,433
Other Assets 6,131 6,254 6,379 6,506 6,636 6,769
Total Assets 199,581 206,249 213,916 221,877 230,130 238,685

Accounts Payable 38,487 38,503 39,261 40,047 40,847 41,664


Accrued Expenses 19,607 19,999 20,399 20,807 21,223 21,648
Notes Payable/ST Debt 2,708 2,789 2,873 2,959 3,048 3,139
LT Debt - Current 3,296 3,395 3,497 3,602 3,710 3,821
IT Payable 521 531 542 553 564 575
Current Liabilities 64,619 65,218 66,572 67,967 69,392 70,848
LT Debt - Long-Term 44,030 45,351 46,711 48,113 49,556 51,043
Deferred Taxes - LT 7,321 7,467 7,617 7,769 7,924 8,083
Redeemable NCI - - - - -
Total Liabilities 115,970 118,036 120,900 123,849 126,873 129,973

Common Stock & APIC 2,122 2,186 2,251 2,319 2,388 2,460
Retained Earnings 90,021 94,560 99,296 104,241 109,401 114,784
Acc. Other Comprehensive Income (11,597) (11,597) (11,597) (11,597) (11,597) (11,597)
Total Shareholder's Equity 80,546 85,148 89,950 94,962 100,192 105,647
Noncontrolling Interests 3,065 3,065 3,065 3,065 3,065 3,065
Total Equity 83,611 88,213 93,015 98,027 103,257 108,712
Total Liabilities and Equity 199,581 206,249 213,916 221,877 230,130 238,685

dep 9,902.70 10,402.70 10,902.70 11,402.70 11,902.70


purchase 361,893

Year +1 Year +2 Year +3 Year +4 Year +5


Begin R|E 90021 94559.60559 99296.19837 104240.6891 109400.61834
NI 14721.73377 15063.091 15421.53574 15792.98146 16177.548895
div -6183.128183 -6326.498222 -6477.04501 -6633.052214 -6794.5705357
repurchase -4000 -4000 -4000 -4000 -4000
End R|E 94559.60559 99296.19837 104240.6891 109400.6183 114783.5967
Forecast Development: Capital Expenditures, Property, Plant and Equipment, and Depreciation

Property, Plant and Equipment and Depreciation Property, Plant and Equipment and Depreciation Forecasts:
PP&E at cost: 2016 Year +1 Year +2 Year +3 Year +4 Year +5
Beg. balance at cost: 188,054 198,054 208,054 218,054 228,054
Add: CAPEX forecasts: 10,000 10,000 10,000 10,000 10,000
End balance at cost: 188,054 198,054 208,054 218,054 228,054 238,054

Accumulated Depreciation:
Beg. Balance: (71,538) (81,441) (91,843) (102,746) (114,149)
Subtract: Depreciation expense forecasts from below: (9,903) (10,403) (10,903) (11,403) (11,903)
End Balance: (71,538) (81,441) (91,843) (102,746) (114,149) (126,051)
PP&E—net 116,516 116,613 116,211 115,308 113,905 112,003

Depreciation expense forecast on existing PP&E:


Existing PP&E at cost: 188,054 9,402.70 9,402.70 9,402.70 9,402.70 9,402.70
Depreciation expense forecasts on new PP&E:
Capex Year +1 10000 500 500 500 500 500
Capex Year +2 10000 500 500 500 500
Capex Year +3 10000 500 500 500
Capex Year +4 10000 500 500
Capex Year +5 10000 500
Total Depreciation Expense 9,903 10,403 10,903 11,403 11,903
Ratios of return on common equity (in question a)

2016 Year +1 Year +2 Year +3 Year +4


Net income 15080 15108 15449 15808 16179
Total shareholder's equity 80546 85148 89950 94962 100192
Return on common equity 18.72% 17.74% 17.18% 16.65% 16.15%

Ratios of return on common equity (in question c)


Year +5
16564
105647
15.68%

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