Income and Expense Statements

Income and Expense Statements Five Year Projection APPENDIX 37 War 1 Year 2 Year 3 Year 4 Years Army S Yuan REVENUES: Pr income .1.0.61,000 $ 3.100.000 $ 4.500,000 $ 5450,003 $ 74105,000 S 011,003 Int.:Amen: income. net 100.000 $ 104640 5 104010 $ 112,40) $ 11760) 108,240 TOTAL REVENUES 5 3,100.000 $ 1414040 $ 4.6013,00) 5 5.962,000 5 7.727640 $ 5.019,203 OPERATING EXENSFS: Labor Costs(Falbtinic Employment) Salaries and wagn 5 614000 $ 64.003 $ 769.000 $ 951.000 5 1.149,010 S 341070 Payroll taws 5 14000 $ 40.000 5 44040 $ 64000 $ 79.024 Woo Eagsloyee benefits $ :MOO $ mow $ 129.040 $ 152.003 $ 196.020 114,40 TOTAL LABOR COSTS 5 713.000 5 711,000 $ 946,000 $ 1,173003 5 1,524,000 5 L037.403 Local Purchase of Goods and Semites Occupancy costs 5 119.000 $ 124.000 $ 129403 $ 134.000 $ 139.400 5 129.040 Advanisans and marketing S 103,000 S 1011400 $ 103.010 5 =000 $ 100601 104040 Research and development $ 14000 $ 56403 $ 79,000 $ 44,000 $ 19,020 56000 Charitable comnbutiona 5 51000 5 53.000 $ 51.020 5 33,003 5 53.000 53400 Uulnics and ickcontinunicatnans S 70300 S 73.000 $ 76.000 5 79.000 5 52.000 76.040 Peeteasional sari ko 5 55.000 5 57000 $ 59.000 5 61400 $ 64,000 59.440 Office swplies and postage 5 33.000 $ 31.000 S 32,0X $ 14.000 S 15.003 wigs Insurance $ 10.000 $ W.000 S 40.003 5 40.030 S 40.03) 40.000 EDC atonal fres 5 3,000 $ 41000 S 6,000 5 6,000 $ 6.000 SACO Deets, subscsipuons sad licenses 5 4600 5 4.000 $ 4.000 5 4,440 5 5,040 4.200 Tavel $ 5300 $ LOX 5 5.000 5 5.000 $ 5.000 5,000 IT. repain and maintenance 5 5.000 5 5.000 $ SAW $ $000 $ 5,030 SAW TOTAL LOCAL EXPENSES 5 549.000 5 546.000 5 03,00) $ 571.030 $ 565.030 $ 568.440 Expenses Other Than Local Professioral Subscriptions 5 2.500 $ 2500 $ 2.503 5 2.500 $ 2.500 7,500 Dues. subscripwas and licenses $ 1;000 $ MAX $ 55.000 5 15,000 $ 51030 WAN Prokssional services $ 54000 $ 50.000 $ WACO $ $4000 5 50.000 $ 3400 TOTAL NON-LOCAL EXPENSES 5 107400 $ 707,500 5 107.500 $ 107.500 5 101,500 5 107,540 TOTAL OPERATING EXPENSES S 1.440.300 $ 1..414.100 $ 1.613.500 $ 2.553.500 $ 2.155500 $ 1,713,10) NET PROFIT BEFORE TAXES 5 1,690.500 5 2,231.400 $ 7,164,500 $ 4,109,500 $ 5.515,500 S 3505,900 TeXtiE. E.--Fts-Ve. l n EFTA01118810 APPENDIX 38 Upon approval of this application, the applicant will be funded with the initial capital investment and its balance sheet shall be as follows: Southern Trust Company, Inc. BALANCE SHEET Opening Balance Sheet ASSETS Cash $ 400,000 TOTAL ASSETS $ 400,000 EQUITY Capital $ 400,000 400,000 TOTAL LIABILITIES AND EQUITY S 400,000 EFTA01118811