BUSINESS PLAN

FINANCIAL
PLAN

For Small & Medium Businesses

VERSION 8.0
2008 ISMAIL [Link], MALAYSIAN ENTREPRENEURSHIP DEVELOPMENT CENTRE (MEDEC), UNIVERSITI TEKNOLOGI MARA

CLICK HERE TO ENTER DATA

ll & Medium Businesses

FINANCIAL PLANNING
Ismail [Link], MEDEC, UiTM, 2006

Classix Planner Ent.

NAME OF BUSINESS/COMPANY

1. Projected administrative, marketing and operations expenditure :

MARKETING EXPENDITURE
Fixed Assets
signboard

ADMINISTRATIVE EXPENDITURE
RM
4,000

Working Capital
transportation cost

Fixed Assets
Land & Building
furniture, fixture and fitting
office equipement
vehicle

RM
20,574
9,843
80,000

Working Capital
salary + epf+ socso
stationary

13,472
168

Other Expenditure
Other Expenditure

Other Expenditure
Other Expenditure

4450

Pre-Operations
Deposit (rent, utilities, etc.)
Business Registration & Licences
Insurance & Road Tax for Motor Vehicle
Other Expenditure
TOTAL

Pre-Operations
Deposit (rent, utilities, etc.)
Business Registration & Licences
Insurance & Road Tax for Motor Vehicle
Other Expenditure
TOTAL

2. Projected sales and purchases:

1,000

1,700
6,700

SALES PROJECTION

1,500
130,007

Year 1

Year 2
Year 3
3. Collection for sales & payment for purchases:

4. Economic life of fixed assets &

depreciation method:

Month 1
Month 2
Month 3
Month 4
Month 5
Month 6
Month 7
Month 8
Month 9
Month 10
Month 11
Month 12
Total Year 1
ToTal Year 2
Total Year 3

29,182
38,149
43,368
45,352
46,195
47,664
48,014
49,624
50,099
51,772
52,296
58,285
560,000
728,000
812,000

COLLECTIONS FOR SALES

In the month of sale
1 month after sale
2 months after sale
Total
FIXED ASSETS
furniture, fixture and fitting
office equipement
vehicle

100%
0%
0%
100%

Econ. Life (yrs)

signboard
-

7
5
10
5
5
5

DEPRECIATION METHOD (1=straight line, 2=declining balance)

5. Increase in working capital (if any):
Year 2
Year 3

INCREASE IN WORKING CAPITAL (%)

30%
45%

6. Ending stock for raw materials

and finished goods:

ENDING STOCK OF RAW MATERIALS

7. Rate of taxation (for private limited company):

TAX RATE
Year 1
Year 2
Year 3

8. Business background:

RM

End of Year 1
End of Year 2
End of Year 3

28%
28%
28%

BUSINESS LEGAL ENTITY

1 = Private Limited Cpmpany (Sdn. Bhd.)

2 = Partnership
3 = Sole Proprietorship

9. Sources of finance:

TERMS OF LOAN (if required)

Interest rate
Loan duration
Interest payment method*

5%
5
2

* Method: 1 = flat rate 2 = annual rest

TERMS OF HIRE-PURCHASE (if required)

Interest rate
5%
Hire-purchase duration
5
Click here to allocate the sources of finance

FINANCIAL PLANNING
Ismail [Link], MEDEC, UiTM, 2006

ons expenditure :
OPERATIONS EXPENDITURE
Fixed Assets

RM

machine and equipment

material

25,959
12,003

Working Capital
Raw Materials
Carriage Inward & Duty
Salaries, EPF & SOCSO

5,003

Other Expenditure
Other Expenditure
Pre-Operations
Deposit (rent, utilities, etc.)
Business Registration & Licences
Insurance & Road Tax for Motor Vehicle
Other Expenditure
TOTAL
PURCHASE PROJECTION

6,760
1,608
3,000
54,333

Month 1
Month 2
Month 3
Month 4
Month 5
Month 6
Month 7
Month 8
Month 9
Month 10
Month 11
Month 12
Total Year 1
ToTal Year 2
Total Year 3

5,003
5,003
5,003
5,003
5,003
5,003
5,003
5,003
5,003
5,003
5,003
5,003
60,036
78,047
87,052

\
PAYMENTS FOR PURCHASES
In the month of purchase
1 month after purchase
2 months after purchase
Total
FIXED ASSETS

Econ. Life (yrs)

0
0
machine and equipment
material
0
0
DEPRECIATION METHOD (1=straight line, 2=declining balance)

0%
100%
0%
100%
5
5
7
5
5
5
1

ENDING STOCK OF FINISHED GOODS

RM

End of Year 1
End of Year 2
End of Year 3

NATURE OF BUSINESS
1 = Manufacturing
2 = Trading
3 = Service

Classix Planner Ent.

PROJECT IMPLEMENTATION COST & SOURCES OF FINANCE
Project Implementation Cost
Requirements
Fixed Assets
Land & Building
furniture, fixture and fitting
office equipement
vehicle
0
signboard
0
0
0
machine and equipment
material
0
0
Working Capital
1 months
Administrative
Marketing
Operations
Pre-Operations & Other Expenditure
Contingencies
8%
TOTAL

INPUT

CASH FLOW STATEMENT

Sources of Finance
Cost

Loan

Hire-Purchase

Own Contribution
Existing F. Assets

Cash
0
20,574
9,843
80,000
0
4,000
0
0
0
25,959
12,003
0
0

0
10,000
0
0
0
0
0
0
0
10,000
0
0
0

13,640
1,000
5,003
19,018
15,283

10,000
0
0
10,000
10,000

206,323

50,000

INCOME STATEMENT

10,574
9,843
80,000
4,000

15,959
12,003

3,640
1,000
5,003
9,018
5,283
0

76,323

BALANCE SHEET

80,000

FINANCIAL PERFORMANCE

* Kaedah: 1 = kadar tetap

2 = atas baki tahunan

Faedah
Pinjaman

Faedah
Sewa Beli

5%
Jangka Masa
(tahun)
5
Kaedah*
2

5%
Jangka Masa
(tahun)
5

FINANCIAL PERFORMANCE

ADMINISTRATIVE BUDGET
Particulars
Fixed Assets
Land & Building
furniture, fixture and fitting
office equipement
vehicle
0
Working Capital
salary + epf+ socso
stationary
0
0
0
0
0
Pre-Operations & Other Expenditure
Other Expenditure

[Link]

MARKETING BUDGET

Monthly Exp.

20,574
9,843
80,000
13,472
168
-

110,417

Total
20,574
9,843
80,000
-

Deposit (rent, utilities, etc.)

Business Registration & Licences
Insurance & Road Tax for Motor Vehicle
Other Pre-Operations Expenditure
Total

Others

13,640

13,472
168
4,450
1,500
5,950

Particulars

[Link]

Fixed Assets
signboard
0
0
0
Working Capital
transportation cost

4,000
-

0
0
0
0
0
0
Pre-Operations & Other Expenditure
Other Expenditure

1,500
125,557

Deposit (rent, utilities, etc.)

Business Registration & Licences
Insurance & Road Tax for Motor Vehicle
Other Pre-Operations Expenditure
Total

4,000

* Jangka hayat aset tetap:

tahun

Land & Building

tiada

Anggaran Jualan & Belian

Bulan

Jualan

furniture, fixture and fitting

office equipement

29,182

vehicle

10

38,149

43,368

signboard

45,352

46,195

47,664

48,014

machine and equipment

49,624

material

50,099

10

51,772

11

52,296

12

58,285

Jumlah Tahun 1

560,000

Jumlah Tahun 2

728,000

Kaedah susut nilai

1=garis lurus, 2=baki berkurangan

Jumlah Tahun 3

(RM)

812,000

Err:509
Err:509
% kenaikan tahun 2

0%

% kenaikan tahun 3

0%

Kutipan Jualan
Bulan semasa
1 bulan selepas jualan
2 bulan selepas jualan
Jumlah
Bayaran Kepada Pembekal
Bulan semasa
1 bulan selepas belian
2 bulan selepas belian
Jumlah

MARKETING BUDGET

OPERATIONS BUDGET

Monthly Exp.

Others

Total

4,000
1,000
-

1,000

1,000
1,700
1,700

Particulars

[Link]

Fixed Assets
machine and equipment
material
0
0
Working Capital
Raw Materials
Carriage Inward & Duty
Salaries, EPF & SOCSO

Monthly Exp.

25959
12003
0
0
5,003
-

0
0
0
0

Deposit (rent, utilities, etc.)

Business Registration & Licences
Insurance & Road Tax for Motor Vehicle
Other Pre-Operations Expenditure
Total

37,962

Total

25,959
12,003
-

Pre-Operations & Other Expenditure

Other Expenditure
1,700
6,700

Others

5,003

5,003
6,760
1,608
3,000
11,368

6,760
1,608
3,000
54,333

aran Jualan & Belian

Belian
(RM)
5,003
5,003
5,003
5,003
5,003
5,003
5,003
5,003
5,003
5,003
5,003
5,003
60,036
78,047
87,052

Err:509
Err:509
0%

Tahun 1

0%

Tahun 2

Tahun 3

Nilai stok (RM)

Bahan mentah###

Barang siap

###

100%
0%

Kadar cukai (S###

28%

28%

Kenaikan modal k

30%

45%

0%
100%

0%
100%
0%
100%

Classix Planner Ent.

DEPRECIATION SCHEDULES
Fixed Asset
Cost (RM)
Method
Economic Life (yrs)
Year

0
1
2
3
4
5
6
7
8
9
10

Annual
Depreciation

2,939
2,939
2,939
2,939
2,939
2,939
2,939
0
0
0

Fixed Asset
Cost (RM)
Method
Economic Life (yrs)
Year

0
1
2
3
4
5
6
7
8
9
10

Annual
Depreciation

8,000
8,000
8,000
8,000
8,000
8,000
8,000
8,000
8,000
8,000

Fixed Asset
Cost (RM)
Method
Economic Life (yrs)
Year

0
1
2
3
4

Annual
Depreciation

800
800
800
800

Fixed Asset
Cost (RM)
Method
Economic Life (yrs)

furniture, fixture and fitting

20,574
Straight Line
7
Accumulated
Depreciation

2,939
5,878
8,817
11,757
14,696
17,635
20,574
0
0
0

Book Value

20,574
17,635
14,696
11,757
8,817
5,878
2,939
0
0
0
0

8,000
16,000
24,000
32,000
40,000
48,000
56,000
64,000
72,000
80,000

Book Value

80,000
72,000
64,000
56,000
48,000
40,000
32,000
24,000
16,000
8,000
-

800
1,600
2,400
3,200

Accumulated
Depreciation

1,969
1,969
1,969
1,969
1,969
0
0
0
0
0

Year

Annual
Depreciation

0
1
2
3
4
5
6
7
8
9
10

Book Value

4,000
3,200
2,400
1,600
800

Year

0
1
2
3
4

1,969
3,937
5,906
7,874
9,843
0
0
0
0
0
0
0
Straight Line
5
Accumulated
Depreciation

Fixed Asset
Cost (RM)
Method
Economic Life (yrs)

signboard
4,000
Straight Line
5
Accumulated
Depreciation

0
1
2
3
4
5
6
7
8
9
10

Annual
Depreciation

Fixed Asset
Cost (RM)
Method
Economic Life (yrs)

vehicle
80,000
Straight Line
10
Accumulated
Depreciation

Year

office equipement
9,843
Straight Line
5

Annual
Depreciation

0
0
Straight Line
5
Accumulated
Depreciation

5
6
7
8
9
10

800
0
0
0
0
0

Fixed Asset
Cost (RM)
Method
Economic Life (yrs)
Year

0
1
2
3
4
5
6
7
8
9
10

3,708
3,708
3,708
3,708
3,708
3,708
3,708
0
0
0

Annual

Year

Book Value

3,708
7,417
11,125
14,834
18,542
22,251
25,959
0
0
0

Year

25,959
22,251
18,542
14,834
11,125
7,417
3,708
-

0
1
2
3
4
5
6
7
8
9
10

0
Straight Line
5

Book Value

Year

material
12,003
Straight Line
5

Annual
Depreciation

Accumulated
Depreciation

2,401
2,401
2,401
2,401
2,401
0
0
0
0
0

Annual

Depreciation

0
0
Straight Line
5
Accumulated
Depreciation

Fixed Asset
Cost (RM)
Method
Economic Life (yrs)

Annual
Depreciation

0
1
2
3
4
5
6
7
8
9
10

Accumulated

Depreciation

Fixed Asset
Cost (RM)
Method
Economic Life (yrs)

machine and equipment

25,959
Straight Line
7
Accumulated
Depreciation

Fixed Asset
Cost (RM)
Method
Economic Life (yrs)
Year

Book Value

Annual
Depreciation

5
6
7
8
9
10

Fixed Asset
Cost (RM)
Method
Economic Life (yrs)

Accumulated
Depreciation

Fixed Asset
Cost (RM)
Method
Economic Life (yrs)

0
0
Straight Line
5

Annual
Depreciation

0
1
2
3
4
5
6
7
8
9
10

Year

4,000
0
0
0
0
0

2,401
4,801
7,202
9,602
12,003
0
0
0
0
0
0
0
Straight Line
5
Accumulated

Depreciation

Depreciation

1
2
3
4
5
6
7
8
9
10

INPUT

CASH FLOW STATEMENT

1
2
3
4
5
6
7
8
9
10

INCOME STATEMENT

BALANCE SHEET

Classix Planner Ent.

LOAN & HIRE-PURCHASE AMMORTISATION SCHEDULES
LOAN REPAYMENT SCHEDULE

ce equipement
Amount
Interest Rate
Duration (yrs)

Method
Book Value

Year

9,843
7,874
5,906
3,937
1,969
-

Book Value

Book Value

0
1
2
3
4
5
6
7
8
9
10

HIRE-PURCHASE RE

50,000
5%
5
Baki Tahunan

Principal

10,000
10,000
10,000
10,000
10,000
0
0
0
0
0

Interest

2,500
2,000
1,500
1,000
500
0
0
0
0
0

Amount
Interest Rate
Duration (yrs)
Total Payment

12,500
12,000
11,500
11,000
10,500
-

Principal Balance

50,000
40,000
30,000
20,000
10,000
0

Year

0
1
2
3
4
5
6
7
8
9
10

Principal

Book Value

erial

Book Value

12,003
9,602
7,202
4,801
2,401
-

Book Value

BALANCE SHEET

FINANCIAL PERFORMANCE

nt.

SATION SCHEDULES
HIRE-PURCHASE REPAYMENT SCHEDULE
0
5%
5
Interest

Total Payment

Principal Balance

Classix Planner Ent.

PRO FORMA CASH FLOW STATEME
MONTH

Pre-Operations

CASH INFLOW
Capital (Cash)

76,323

Loan

50,000

29,182

38,149

43,368

45,352

46,195

47,664

29,182

38,149

43,368

45,352

46,195

47,664

13,472

13,472

13,472

13,472

13,472

13,472

Cash Sales
Collection of Accounts Receivable
TOTAL CASH INFLOW

126,323

CASH OUTFLOW
Administrative Expenditure
salary + epf+ socso
stationary

168

168

168

168

168

168

Marketing Expenditure
transportation cost

1,000

1,000

1,000

1,000

1,000

1,000

Operations Expenditure
Cash Purchase

Payment of Account Payable

5,003

5,003

5,003

5,003

5,003

Carriage Inward & Duty

Salaries, EPF & SOCSO

Other Expenditure

4,450

Pre-Operations
Deposit (rent, utilities, etc.)

6,760

Business Registration & Licences

1,608

Insurance & Road Tax for Motor Vehicle

1,500

Other Pre-Operations Expenditure

4,700

Fixed Assets
Purchase of Fixed Assets - Land & Building
Purchase of Fixed Assets - Others

72,379

Hire-Purchase Down Payment

Hire-Purchase Repayment:
Principal

Interest

Principal

833

833

833

833

833

833

Interest

208

208

208

208

208

208

20,132

20,685

20,685

20,685

20,685

20,685

Loan Repayment:

Tax Payable
TOTAL CASH OUTFLOW

86,947

CASH SURPLUS (DEFICIT)

39,376

BEGINNING CASH BALANCE

ENDING CASH BALANCE

INPUT

39,376

INCOME STATEMENT

9,050

17,464

22,683

24,667

25,510

26,979

39,376

48,427

65,891

88,574

113,242

138,752

48,427

65,891

88,574

113,242

138,752

165,731

BALANCE SHEET

FINANCIAL PERFORMANCE

Classix Planner Ent.

FORMA CASH FLOW STATEMENT
7

10

11

12

TOTAL YR 1

YEAR 2

YEAR 3

76,323

50,000

0
0

48,014

49,624

50,099

51,772

52,296

58,285

560,000

728,000

812,000

48,014

49,624

50,099

51,772

52,296

58,285

686,323

728,000

812,000

13,472

13,472

13,472

13,472

13,472

13,472

161,664

210,163

304,737

168

168

168

168

168

168

2,016

2,621

3,800

1,000

1,000

1,000

1,000

1,000

1,000

12,000

15,600

22,620

5,003

5,003

5,003

5,003

5,003

5,003

55,033

60,036

78,047

4,450

5,785

8,388

1,500

1,500

6,760

1,608

1,500

4,700

72,379

833

833

833

833

833

833

10,000

10,000

10,000

208

208

208

208

208

208

2,500

2,000

1,500

20,685

20,685

20,685

20,685

20,685

20,685

334,610

307,705

430,592

27,329

28,939

29,414

31,087

31,611

37,600

351,713

420,295

381,408

165,731

193,061

222,000

251,414

282,501

314,113

351,713

772,008

193,061

222,000

251,414

282,501

314,113

351,713

351,713

772,008

1,153,416

Ismail [Link]
-

Classix Planner Ent.

Classix Planner Ent.

PRO-FORMA INCOME STATEMENT
Year 1
Sales

Year 2

560,000

728,000

60,036

78,047

163,680

212,784

12,000

15,600

Other Expenditure

4,450

5,785

Business Registration & Licences

1,608

Insurance & Road Tax for Motor Vehicle

1,500

1,500

Other Pre-Operations Expenditure

4,700

Less: Cost of Sales

Opening stock
Purchases
Less: Ending Stock
Carriage Inward & Duty
Gross Profit
Less: Enpenditure
Administrative Expenditure
Marketing Expenditure

Interest on Hire-Purchase
Interest on Loan

2,500

2,000

19,817

19,817

Total Expenditure

270,291

335,533

Net Profit Before Tax

289,709

392,467

Depreciation of Fixed Assets

Operations Expenditure

Tax

Net Profit After Tax

Accumulated Net Profit

INPUT

CASH FLOW STATEMENT

289,709
289,709

392,467
682,176

BALANCE SHEET

Ismail [Link]

lassix Planner Ent.

lassix Planner Ent.

RMA INCOME STATEMENT
Year 3
812,000

87,052
0

308,537
22,620
8,388
1,500
0
0
1,500
19,817
0
449,414
362,586
0

362,586
1,044,763

BALANCE SHEET

FINANCIAL PERFORMANCE

Classix Planner Ent.

PRO-FORMA BALANCE SHEET
Year 1

Year 2

ASSETS
Non-Current Assets (Book Value)
Land & Building
furniture, fixture and fitting
office equipement
vehicle
0
signboard
0
0
0
machine and equipment
material
0
0
Other Assets
Deposit

Current Assets
Stock of Raw Materials
Stock of Finished Goods
Accounts Receivable
Cash Balance

TOTAL ASSETS
Owners' Equity
Capital
Accumulated Profit
Long-Term Liabilities
Loan Balance
Hire-Purchase Balance
Current Liabilities
Accounts Payable
TOTAL EQUITY & LIABILITIES

INPUT

CASH FLOW STATEMENT

0
17,635
7,874
72,000
0
3,200
0
0
0
22,251
9,602
0
0

0
14,696
5,906
64,000
0
2,400
0
0
0
18,542
7,202
0
0

6,760

6,760

139,322

119,505

0
0
0
351,713

0
0
0
772,008

351,713

772,008

491,035

891,514

156,323
289,709
446,032

156,323
682,176
838,499

40,000
0
40,000

30,000
0
30,000

5,003

23,014

491,035

891,514

INCOME STATEMENT

six Planner Ent.

MA BALANCE SHEET
Year 3

0
11,757
3,937
56,000
0
1,600
0
0
0
14,834
4,801
0
0
6,760
99,689
0
0
0
1,153,416
1,153,416
1,253,105

156,323
1,044,763
1,201,086
20,000
0
20,000
32,019
1,253,105

INCOME STATEMENT

FINANCIAL PERFORMANCE

Classix Planner Ent.

FINANCIAL RATIO ANALYSIS

Year 1
LIQUIDITY
Current Ratio
Quick Ratio (Acid Test)

Year 2
70
70

34
34

EFFICIENCY
Inventory Turnover

#VALUE!

#VALUE!

PROFITABILITY
Gross Profit Margin
Net Profit Margin
Return on Assets
Return on Equity

#VALUE!
51.73%
59.00%
64.95%

#VALUE!
53.91%
44.02%
46.81%

10.09%
9.16%
115

6.32%
5.95%
195

SOLVENCY
Debt to Equity
Debt to Assets
Time Interest
Earned
BREAK-EVEN
ANALYSIS

INPUT

CASH FLOW STATEMENT

INCOME STATEMENT

Classix Planner Ent.

ANCIAL RATIO ANALYSIS

Year 3
36
36

#VALUE!
#VALUE!
44.65%
28.94%
30.19%
4.33%
4.15%
241

INCOME STATEMENT

BALANCE SHEET

FINANCIAL RATIOS
Current Ratios
80
70
60
50
Ratio
40
30
20
10
0
1

Year

Inv entory Turnov er

12

10

Times
6

0
1

Year

Net Profit Margin

60.00%

50.00%

40.00%
Percent
30.00%

20.00%

10.00%

0.00%
1

2
Year

Percent
30.00%

20.00%

10.00%

0.00%
1

Year

Return on Equity
70.00%

60.00%

50.00%

40.00%
Percent
30.00%

20.00%

10.00%

0.00%
1

Year

Debts to Assets
10%
9%
8%
7%
6%
Percent
5%
4%
3%
2%
1%
0%
1

2
Year

70
70

34
34

36
36

#VALUE! #VALUE!

#VALUE!

#VALUE! #VALUE!
51.73%
53.91%
59.00%
44.02%
64.95%
46.81%

#VALUE!
44.65%
28.94%
30.19%

10%
9%
115

6%
6%
195

4%
4%
241

ANCIAL RATIOS
Quick Ratios
80
70
60
50
Ratio
40
30
20
10
0
1

Year

Gross Profit Margin

1200.00%

1000.00%

800.00%
Percent
600.00%

400.00%

200.00%

0.00%
1

Year

Return on Assets
70.00%

60.00%

50.00%

40.00%
Percent

30.00%

20.00%

10.00%

0.00%
1

2
Year

40.00%
Percent

30.00%

20.00%

10.00%

0.00%
1

Year

Debts to Equity
12%

10%

8%
Percent
6%

4%

2%

0%
1

Year

Times Interest Earned

300

250

200

Times
150

100

50

0
1

2
Year