Welcome!

This financial model template is designed to help entrepreneurs provide a simple view of the finan

This document is made up of two main parts: an editable INPUT section where all assumptions on
Statement, Balance Sheet, Cash flow and Financials Summary. The OUTPUT sections detail project

This document has been designed for simplicity and ease of use. You only need to input data into

Instructions
1. Fill your name, company name in the fields below
2. Proceed to the ASSUMPTIONS tab and enter your business data/assumptions in the appropriate
3. Confirm the financials in the Cash flow, Balance Sheet and Income Statement tabs match your p
4. Save your document and upload to the TEF Connect Document Management System (DMS) alon

Entrepreneur Name: PRINCESS BASSEY AKPAN

Company Name: PADESS SMARTMATH ACA

Email: kidsmaterials4learning@gmail.
 2025 TEF Entrepreneur Fin

a simple view of the financial projections for their business.

where all assumptions on costs, revenue, growth rates and financing structures are made, and four non-editable
PUT sections detail projections made from assumptions from the input sheet.

y need to input data into one tab - the ASSUMPTIONS tab - and the three financial statements and financial sum

mptions in the appropriate input cells.

tement tabs match your projections for your business. Adjust assumptions if required
ement System (DMS) along with your completed Business Plan for review and approval for seed capital disburs

PRINCESS BASSEY AKPAN

PADESS SMARTMATH ACADEMY

[email protected]
preneur Financial Model Template

nd four non-editable OUTPUT sections containing the Income

ts and financial summary will be automatically generated

seed capital disbursement

Go to "ASSUMPTIONS" tab
 Assumptions
Assumptions unit Baseline
Provide the requested information for your business in each of the ten Assum

A. General
Income Statement Select your business country, business currency (local currency or US Dollar),

Business Country NIGERIA

Balance Sheet Business Currency USD

Business Products/Services
Product/Service 1 one - on-one tutoring
Cash flow Statement Product/Service 2 group bootcamps
Product/Service 3 online math subscription

Company tax rate % 20%

Summary Bank interest rate % 15%
Inflation rate % 20%
Depreciation rates
Building % 5%
Furniture % 10%
Equipment / Machinery % 20%
Vehicles % 15%
Installations % 10%

B. Growth Rates
Enter the expected yearly growth rates for your business below. You can use

Revenue
one - on-one tutoring
Sales volume % 50
Price % 5
group bootcamps
Sales volume % 40
Price % 4
online math subscription
Sales volume % 60
Price % 5
Costs
Direct costs % 30
Salaries % 20
Rent % 10
Utilities* % 10
Marketing/Advertisement % 25
Administrative % 10
Maintenance % 10
Insurance % 5
Transport % 10
Subscription/Licenses % 10

Glossary
Utilities: covers costs for electricity, water, gas, internet and telephone usag

C. Startup Costs
Enter the costs you expect to incur in the process of setting up your business

technology #VALUE! 2,000.00

co working space #VALUE! 1,200.00
marketing and branding, legal, adm #VALUE! 800.00
office set up #VALUE! 400.00
utilities #VALUE! 300.00
Installations (Internet set up) #VALUE! 200.00

Automatically compute the additional startup costs by selecting from the drop
Opening Inventory* #VALUE! 300
Initial Working Capital* #VALUE! 1200
Contingency #VALUE! 640

Total #VALUE!

Glossary
Opening Inventory: allocation for purchase of initial stock of products for sa
Initial Working Capital: allocation for payments to vendors and employees

D. Headcount analysis
Enter the salary and number of employees you expect for each key business

Benefits* % of salary % 10.00

Senior Management (CEO, COO, CFO, etc)

Number of employees #
Base annual salary #VALUE! 300.00

Total Salaries & Benefits for Senior Management personnel

Business Development*
Number of employees (Manager) #
Number of employees (Associate) #
Base annual salary (Manager) #VALUE!
Base annual salary (Associate) #VALUE!

Total Salaries & Benefits for Business Development personnel

digital maketer
Number of employees (Manager) #
Number of employees (Associate) #
Base annual salary (Manager) #VALUE! 180.00
Base annual salary (Associate) #VALUE!

Total Salaries & Benefits for Sales/Customer Support personnel

Marketing
Number of employees (Manager) #
Number of employees (Associate) #
Base annual salary (Manager) #VALUE!
Base annual salary (Associate) #VALUE!

Total Salaries & Benefits for Marketing personnel

freelance tutors
Number of employees (Manager) #
Number of employees (Developer) #
Base annual salary (Manager) #VALUE! 120.00
Base annual salary (Developer) #VALUE!
Total Salaries & Benefits for IT personnel

Back office support (Legal, Finance, HR, Supply Chain, Administration

Number of employees (Manager) #
Number of employees (Associate) #
Base annual salary (Manager) #VALUE! 150.00
Base annual salary (Associate) #VALUE!

Total Salaries & Benefits for back office support personnel

Operations support (Front Desk, Records, Fleet Management, Facility

Number of employees (Manager) #
Number of employees (Associate) #
Base annual salary (Manager) #VALUE!
Base annual salary (Associate) #VALUE!

Total Salaries & Benefits for operations support personnel

Glossary
Benefits: other elements of the employee remuneration package expected t
Business Development: refers to personnel involved in consultations or ext
Some businesses allot this task to the Sales personnel: only businesses which

E. Operating Costs
Fill the following with data for your business. Note that not all fields may be re

Direct costs
teaching aids #VALUE! 500.00
platform fees /software #VALUE! 300.00
internet /data #VALUE! 300.00
Inbound transport #VALUE!

Fixed costs
Salaries and Wages #VALUE!
Rent #VALUE! 1,200.00
Utilities #VALUE! 300.00
Marketing/Advertisement #VALUE! 1,000.00
Administrative* #VALUE! 500.00
Maintenance #VALUE! 400.00
Insurance #VALUE! 300.00
Transport #VALUE! 350.00
Subscription/Licenses #VALUE! 350.00
Glossary
Direct costs: costs associated with input and labour required to develop you
Factory overheads: covers costs associated with manufacturing such as ele
Administrative: covers costs such as office consumables, travel, and expens

F. Revenue

one - on-one tutoring

Base monthly sales volume # 30.00
Base product/service price #VALUE! 50.00

Seasonality estimates
Monthly revenue may vary due to seasonal trends (holidays, festivities, seaso

JAN FEB
Monthly sales volume 30.00 30.00
consistent
% of sales revenue realized 100%
school term 100%
Reason for seasonality session school term

120%
100%
80%
60%
40%
20%
0%
JAN FEB

* Future annual volume and price are

Annual sales volume # 268.50
Annual product/service price #VALUE! 50.00

group bootcamps
Base monthly sales volume # 10.00
Base product/service price #VALUE! 20.00

Seasonality estimates
Monthly revenue may vary due to seasonal trends (holidays, festivities, seaso

JAN FEB
Monthly sales volume 3.00 2.00
% of sales revenue realized 30% 20%
Reason for seasonality mid term break less demand

120%
100%
80%
 120%
100%
80%
60%
40%
20%
0%
JAN FEB

* Future annual volume and price are

Annual sales volume # 54.00
Annual product/service price #VALUE! 20.00

online math subscription

Base monthly sales volume # 100.00
Base product/service price #VALUE! 10.00

Seasonality estimates
Monthly revenue may vary due to seasonal trends (holidays, festivities, seaso

JAN FEB
Monthly sales volume 100.00 100.00
% of sales revenue realized 100%
steady global 100%
steady global
Reason for seasonality demand demand

120%
100%
80%
60%
40%
20%
0%
JAN FEB

* Future annual volume and price are

Annual sales volume # 1,200.00
Annual product/service price #VALUE! 10.00

G. Working Capital
Working capital is an estimate of the amount of cash your business requires t
long it takes your business to turn over inventory, and how long you can affor
Provide realistic estimates based on the peculiarities of your local economy a

Receivable Days* days 15

Payable Days* days 30
Inventory Days* days 10
Glossary
Receivable Days: average number of days customers take to pay your busin
Payable Days: average number of days that your company takes to pay its s
Inventory Days: average number of days required for your business to sell o

H. Startup Financing
To start your business, you need cash. Estimate what proportion of your start

Personal savings (Owner's Capital) % 20%

Grants* % 50%
Equity* % 20%
Debt* % 10%
100%

Glossary
Grants: money provided as gifts or donations, with no conditions of payback
Equity: money given to the business by venture capitalists or other sources i
Debt: money borrowed from a bank or other lending institution that must be

I. Equity Financing
Additional financing may be required during the course of running a business
Use the table below to estimate how much equity you will need to source in t
fill if applicable

Equity Injection #VALUE!

Opening Balance #VALUE!
Closing Balance #VALUE!

J. Debt Financing
Additional financing may be required during the course of running a business
Use the table below to estimate how much debt you will need to source in the
in the first one (Debt Facility 1) has been automatically computed based on y

Debt Facility 1
Year loan will be borrowed year 1
Amount to be borrowed #VALUE! 704.00
Repayment period years 5
Loan end years 6

Debt Facility 2
Year loan will be borrowed year 2
Amount to be borrowed #VALUE! 500.00
Repayment period years 5
Loan end years 7
Debt Facility 3
Year loan will be borrowed year 3
Amount to be borrowed #VALUE! 300.00
Repayment period years 3
Loan end years 6

Schedules
The schedules below are automatically computed from the data provided in th

Debt Amortization Schedule (straight-line)

Year of operation

Debt Facility 1
Opening #VALUE!
Addition #VALUE!
Principal Repayment #VALUE!
Closing #VALUE!
Interest Expense #VALUE!
Total Debt Service #VALUE!

Debt Facility 2
Opening #VALUE!
Addition #VALUE!
Principal Repayment #VALUE!
Closing #VALUE!
Interest Expense #VALUE!
Total Debt Service #VALUE!

Debt Facility 3
Opening #VALUE!
Addition #VALUE!
Principal Repayment #VALUE!
Closing #VALUE!
Interest Expense #VALUE!
Total Debt Service #VALUE!

Annual Debt
Total Loan Taken #VALUE!
Total Loan Repayment #VALUE!
Total Interest Expense #VALUE!
Total Loan Balance #VALUE!

Working Capital Schedule

Days Receivable #VALUE!

Inventory #VALUE!
Days Payable #VALUE!
Net Working Capital #VALUE!
Change in Net Working Capital #VALUE!

PPE & Depreciation Schedule

Year of operation

Cost
Opening
Land #VALUE!
Building #VALUE!
Furnitures and Fittings #VALUE!
Equipment and Machinery #VALUE!
Vehicles #VALUE!
Installations #VALUE!
Total #VALUE!
Additions
Land #VALUE!
Building #VALUE!
Furnitures and Fittings #VALUE!
Equipment and Machinery #VALUE!
Vehicles #VALUE!
Installations #VALUE!
Total #VALUE!
Closing
Land #VALUE!
Building #VALUE!
Furnitures and Fittings #VALUE!
Equipment and Machinery #VALUE!
Vehicles #VALUE!
Installations #VALUE!
Total #VALUE!
Accumulated Depreciation
Opening
Land #VALUE!
Building #VALUE!
Furnitures and Fittings #VALUE!
Equipment and Machinery #VALUE!
Vehicles #VALUE!
Installations #VALUE!
Total #VALUE!
Charge for the Year
Land #VALUE!
Building #VALUE!
Furnitures and Fittings #VALUE!
Equipment and Machinery #VALUE!
Vehicles #VALUE!
Installations #VALUE!
Total #VALUE!
Closing
Land #VALUE!
Building #VALUE!
Furnitures and Fittings #VALUE!
Equipment and Machinery #VALUE!
Vehicles #VALUE!
Installations #VALUE!
Total #VALUE!
Net Book Value
Land #VALUE!
Building #VALUE!
Furnitures and Fittings #VALUE!
Equipment and Machinery #VALUE!
Vehicles #VALUE!
Installations #VALUE!
Total #VALUE!
 Input data in cells colored like this
These cells contain formula, so they will be automatically updated. Don't input data in th

Year 1 Year 2 Year 3 Year 4 Year 5

ch of the ten Assumption sections below. Terms with an asterisk in front of them are defined in the section gloss

rency or US Dollar), and list the names/descriptions of your business offerings below. Also, input the applicable

one tutoring
bootcamps
th subscription

below. You can use the growth rates to demonstrate projected expansion plans for your business

50% 50% 40% 35% 30%

5% 5% 4% 4% 3%

40% 40% 35% 30% 25%

4% 4% 3% 3% 3%
 60% 60% 50% 40% 30%
5% 5% 4% 4% 3%

30% 30% 28% 26% 24%

20% 20% 18% 16% 14%
20% 18% 15% 10% 8%
10% 10% 9% 9% 8%
20% 20% 18% 18% 16%
8% 8% 8% 7% 7%
5% 5% 5% 5% 5%
5% 5% 5% 5% 5%
10% 10% 9% 9% 8%
6% 6% 6% 5% 5%

and telephone usage

g up your business below. Note that not all costs may be relevant to your business, so only fill where necessary
* Re-purchase of CAPEX costs automatically compute in the year after assets reach salvage value of 0, at compounded inflation rate
2,000.00 - - - -
1,200.00 - - - -
800.00 - - - -
400.00 - - - 995.33
300.00 - - - -
200.00 - - - -

ecting from the drop-down menus to the right:

357.50
4,517.25
977.48 10% of total startup cost

7,040.00 - - - 995.33

k of products for sale or services to be delivered in the first few months of operating the business
ors and employees in the first few months of operating the business
each key business function. Note that not all headcount groups may be relevant to your own business, so only fi

* Future salary costs are automatically computed from annual growth rates entered in Section B above
1.00 1.00 1.00 1.00 1.00
360.00 432.00 509.76 591.32 674.11

3960.00 4752.00 5607.36 6504.54 7415.17

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

1.00 1.00 1.00 2.00 2.00

216.00 259.20 305.86 354.79 404.46

0.00 0.00 0.00 0.00 0.00

2376.00 2851.20 3364.42 7805.45 8898.21

9.00
10.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

3.00 4.00 6.00 8.00 10.00

144.00 172.80 203.90 236.53 269.64

0.00 0.00 0.00 0.00 0.00
 4752.00 7603.20 13457.66 20814.52 29660.69

in, Administration)
1.00 1.00 2.00 2.00 3.00

180.00 216.00 254.88 295.66 337.05

0.00 0.00 0.00 0.00 0.00

1980.00 2376.00 5607.36 6504.54 11122.76

nagement, Facility Management, Catering, etc)

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

package expected to cover medical insurance, allowances, pension, training and development, etc
consultations or extensive engagement with customers to identify the best-fit product or service, before sales c
y businesses which consider this a separate responsibility from Sales need to fill this section

all fields may be relevant for your business, so fill as required.

* Future direct and fixed costs are automatically computed from annual growth rates entered in Section B above
650.00 845.00 1,081.60 1,362.82 1,689.89
390.00 507.00 648.96 817.69 1,013.94
390.00 507.00 648.96 817.69 1,013.94
- - - - -

13,068.00 17,582.40 28,036.80 41,629.04 57,096.83

1,440.00 1,699.20 1,954.08 2,149.49 2,321.45
330.00 363.00 395.67 431.28 465.78
1,200.00 1,440.00 1,699.20 2,005.06 2,325.86
540.00 583.20 629.86 673.95 721.12
420.00 441.00 463.05 486.20 510.51
315.00 330.75 347.29 364.65 382.88
385.00 423.50 461.62 503.16 543.41
371.00 393.26 416.86 437.70 459.58
ired to develop your product or service
acturing such as electricity and rent for the factory, maintenance and insurance costs for factory equipment, etc
, travel, and expenses associated with legal and accounting activities

ys, festivities, seasonal discounts & promos, off-peak seasons, etc.) Account for monthly spikes or slumps in you

MAR APR MAY JUN JUL

15.00 30.00 30.00 19.50 9.00
50% 100% 100% 65% 30%break
summer
exams period new school term school term exams & closure begins

Seasonality Trend

FEB MAR APR MAY JUN JUL AUG SEP

nual volume and price are automatically computed from annual growth rates entered in Section B above
402.75 604.13 845.78 1,141.80 1,484.34
52.50 55.13 57.33 59.62 61.41

ys, festivities, seasonal discounts & promos, off-peak seasons, etc.) Account for monthly spikes or slumps in you

MAR APR MAY JUN JUL

3.00 7.00 3.00 2.50 8.00
30% 70% 30% 25% 80%
light revision esater break school term exams start of summer

Seasonality Trend
 Seasonality Trend

FEB MAR APR MAY JUN JUL AUG SEP

nual volume and price are automatically computed from annual growth rates entered in Section B above
75.60 105.84 142.88 185.75 232.19
20.80 21.63 22.28 22.95 23.64

ys, festivities, seasonal discounts & promos, off-peak seasons, etc.) Account for monthly spikes or slumps in you

MAR APR MAY JUN JUL

100.00 100.00 100.00 100.00 100.00
100% 100% 100% 100% 100%
demand demand demand demand demand

Seasonality Trend

FEB MAR APR MAY JUN JUL AUG SEP

nual volume and price are automatically computed from annual growth rates entered in Section B above
1,920.00 3,072.00 4,608.00 6,451.20 8,386.56
10.50 11.03 11.47 11.92 12.28

business requires to fund day-to-day operations. Availability of working capital depends on how fast you can co
w long you can afford to wait till you pay your vendors/suppliers.
ur local economy and business industry for these below:
ke to pay your business for services rendered
ny takes to pay its suppliers
ur business to sell one batch of inventory

portion of your startup costs will be sourced from the various financing sources provided below. Ensure all perce

nditions of payback or part ownership of business. They may come from friends, family or other sources
s or other sources in exchange for part ownership/shares in the business
tution that must be paid back with interest at a future date

running a business, to address foreseeable cash shortage or to finance business expansion efforts.
need to source in the 2nd - 10th year of business operations to ensure adequate cash for operations. You may

1,408.00 5,000.00 2,000.00 1,500.00 1,000.00

1,408.00 6,408.00 8,408.00 9,908.00
1,408.00 6,408.00 8,408.00 9,908.00 10,908.00

running a business, to address foreseeable cash shortage or to finance business expansion efforts.
eed to source in the 2nd - 10th year of business operations to ensure adequate cash for operations. Each debt f
mputed based on your entry in Section H. You may decide not to take out any loans, so only fill if applicable:
e data provided in the Assumptions section above. Do not edit any of the cells below

1 2 3 4 5

0.00 563.20 422.40 281.60 140.80

704.00 0.00 0.00 0.00 0.00
140.80 140.80 140.80 140.80 140.80
563.20 422.40 281.60 140.80 0.00
105.60 84.48 63.36 42.24 21.12
246.40 225.28 204.16 183.04 161.92

0.00 0.00 400.00 300.00 200.00

0.00 500.00 0.00 0.00 0.00
0.00 100.00 100.00 100.00 100.00
0.00 400.00 300.00 200.00 100.00
0.00 75.00 60.00 45.00 30.00
0.00 175.00 160.00 145.00 130.00

0.00 0.00 0.00 200.00 100.00

0.00 0.00 300.00 0.00 0.00
0.00 0.00 100.00 100.00 100.00
0.00 0.00 200.00 100.00 0.00
0.00 0.00 45.00 30.00 15.00
0.00 0.00 145.00 130.00 115.00

704.00 500.00 300.00 0.00 0.00

140.80 240.80 340.80 340.80 340.80
105.60 159.48 168.36 117.24 66.12
 563.20 822.40 781.60 440.80 100.00

868.95 1,368.59 1,992.67 2,797.71 3,746.13

39.18 50.93 65.19 82.14 101.86
1,485.12 1,911.48 2,827.76 4,001.14 5,328.28
(577.00) (491.95) (769.90) (1,121.29) (1,480.30)
(577.00) 85.04 (277.94) (351.39) (359.01)

1 2 3 4 5

- 2,000.00 2,000.00 2,000.00 2,000.00

- 1,200.00 1,200.00 1,200.00 1,200.00
- 800.00 800.00 800.00 800.00
- 400.00 400.00 400.00 400.00
- 300.00 300.00 300.00 300.00
- 200.00 200.00 200.00 200.00
- 4,900.00 4,900.00 4,900.00 4,900.00

2,000.00 - - - -
1,200.00 - - - -
800.00 - - - -
400.00 - - - 995.33
300.00 - - - -
200.00 - - - -
4,900.00 - - - 995.33

2,000.00 2,000.00 2,000.00 2,000.00 2,000.00

1,200.00 1,200.00 1,200.00 1,200.00 1,200.00
800.00 800.00 800.00 800.00 800.00
400.00 400.00 400.00 400.00 1,395.33
300.00 300.00 300.00 300.00 300.00
200.00 200.00 200.00 200.00 200.00
4,900.00 4,900.00 4,900.00 4,900.00 5,895.33

- - - - -
 - 60.00 120.00 180.00 240.00
- 80.00 160.00 240.00 320.00
- 80.00 160.00 240.00 320.00
- 45.00 90.00 135.00 180.00
- 20.00 40.00 60.00 80.00
- 285.00 570.00 855.00 1,140.00

- - - - -
60.00 60.00 60.00 60.00 60.00
80.00 80.00 80.00 80.00 80.00
80.00 80.00 80.00 80.00 279.07
45.00 45.00 45.00 45.00 45.00
20.00 20.00 20.00 20.00 20.00
285.00 285.00 285.00 285.00 484.07

- - - - -
60.00 120.00 180.00 240.00 300.00
80.00 160.00 240.00 320.00 400.00
80.00 160.00 240.00 320.00 599.07
45.00 90.00 135.00 180.00 225.00
20.00 40.00 60.00 80.00 100.00
285.00 570.00 855.00 1,140.00 1,624.07

2,000.00 2,000.00 2,000.00 2,000.00 2,000.00

1,140.00 1,080.00 1,020.00 960.00 900.00
720.00 640.00 560.00 480.00 400.00
320.00 240.00 160.00 80.00 796.26
255.00 210.00 165.00 120.00 75.00
180.00 160.00 140.00 120.00 100.00
4,615.00 4,330.00 4,045.00 3,760.00 4,271.26
d. Don't input data in them

Year 6 Year 7 Year 8 Year 9 Year 10

d in the section glossary at the end of each section

input the applicable tax, interest and inflation rates for your country, and depreciation rates for your business a

25% 20% 20% 15% 15%

3% 2% 2% 2% 2%

20% 15% 15% 10% 10%

2% 2% 2% 1% 1%
 25% 20% 20% 15% 15%
3% 3% 2% 2% 1%

22% 20% 18% 16% 15%

12% 10% 8% 6% 6%
6% 5% 5% 5% 5%
8% 8% 7% 6% 6%
15% 14% 12% 10% 8%
7% 6% 6% 5% 5%
5% 5% 5% 5% 5%
5% 4% 4% 4% 4%
8% 7% 6% 6% 5%
5% 5% 4% 4% 3%

y fill where necessary

ounded inflation rate
- - - - -
- - - - -
- - - - 4,953.39
- - - - 2,476.69
- 1,074.95 - - -
- - - - 1,238.35

- 1,074.95 - - 8,668.43
wn business, so only fill if necessary.

1.00 1.00 1.00 1.00 1.00

755.00 830.50 896.94 950.76 1007.80

8304.99 9135.49 9866.33 10458.31 11085.81

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

2.00 2.00 3.00 3.00 3.00

453.00 498.30 538.16 570.45 604.68

0.00 0.00 0.00 0.00 0.00

9965.99 10962.59 17759.40 18824.96 19954.46

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

12.00 14.00 16.00 18.00 20.00

302.00 332.20 358.78 380.30 403.12

0.00 0.00 0.00 0.00 0.00
 39863.97 51158.76 63144.53 75299.85 88686.49

3.00 4.00 4.00 5.00 5.00

377.50 415.25 448.47 475.38 503.90

0.00 0.00 0.00 0.00 0.00

12457.49 18270.99 19732.66 26145.78 27714.53

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

ervice, before sales can be made.

on

2,061.67 2,474.00 2,919.32 3,386.41 3,894.38

1,237.00 1,484.40 1,751.59 2,031.85 2,336.63
1,237.00 1,484.40 1,751.59 2,031.85 2,336.63
- - - - -

70,592.45 89,527.83 110,502.92 130,728.90 147,441.29

2,460.73 2,583.77 2,712.96 2,848.61 2,991.04
503.05 543.29 581.32 616.20 653.17
2,674.74 3,049.21 3,415.11 3,756.63 4,057.16
771.60 817.90 866.97 910.32 955.84
536.04 562.84 590.98 620.53 651.56
402.03 418.11 434.83 452.23 470.32
586.89 627.97 665.65 705.59 740.86
482.56 506.69 526.96 548.04 564.48
actory equipment, etc

ikes or slumps in your forecasted sales using the model below:

AUG SEP OCT NOV DEC

4.50 30.00 30.00 30.00 10.50
15%
reduced school 100% 100% 100% 35%
breaks school term school term school term festive holidays

AUG SEP OCT NOV DEC

1,855.42 2,226.50 2,671.80 3,072.57 3,533.46

63.25 64.52 65.81 67.13 68.47

ikes or slumps in your forecasted sales using the model below:

AUG SEP OCT NOV DEC

10.00 2.00 2.50 4.00 7.00
100%
full bootcamp 20% 25% 40% 70%
program school resumes light revision exam prep christmas holiday
AUG SEP OCT NOV DEC

278.62 320.42 368.48 405.33 445.86

24.11 24.59 25.08 25.34 25.59

ikes or slumps in your forecasted sales using the model below:

AUG SEP OCT NOV DEC

100.00 100.00 100.00 100.00 100.00
100% 100% 100% 100% 100%
demand demand demand demand demand

AUG SEP OCT NOV DEC

10,483.20 12,579.84 15,095.81 17,360.18 19,964.21

12.65 13.03 13.29 13.56 13.69

n how fast you can collect cash from your customers after providing goods/services to them, how
 low. Ensure all percentages add up to exactly 100% to adequately account for financing needs:

other sources

n efforts.
operations. You may decide to not source for additional equity if you have sufficient cash, so only

500.00 500.00 - - -
10,908.00 11,408.00 11,908.00 11,908.00 11,908.00
11,408.00 11,908.00 11,908.00 11,908.00 11,908.00

n efforts.
perations. Each debt facility represents a new loan to be incurred, and the amount to be borrowed
ly fill if applicable:
 6 7 8 9 10

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00

100.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00
100.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
15.00 0.00 0.00 0.00 0.00
115.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

100.00 0.00 0.00 0.00 0.00
15.00 0.00 0.00 0.00 0.00
 0.00 0.00 0.00 0.00 0.00

4,823.14 5,903.53 7,225.92 8,476.00 9,942.35

124.26 149.12 175.96 204.11 234.73
6,493.98 8,107.20 9,887.48 11,604.41 13,029.51
(1,546.57) (2,054.56) (2,485.61) (2,924.30) (2,852.43)
(66.28) (507.98) (431.05) (438.69) 71.87

6 7 8 9 10

2,000.00 2,000.00 2,000.00 2,000.00 2,000.00

1,200.00 1,200.00 1,200.00 1,200.00 1,200.00
800.00 800.00 800.00 800.00 800.00
1,395.33 1,395.33 1,395.33 1,395.33 1,395.33
300.00 300.00 1,374.95 1,374.95 1,374.95
200.00 200.00 200.00 200.00 200.00
5,895.33 5,895.33 6,970.28 6,970.28 6,970.28

- - - - -
- - - - -
- - - - 4,953.39
- - - - 2,476.69
- 1,074.95 - - -
- - - - 1,238.35
- 1,074.95 - - 8,668.43

2,000.00 2,000.00 2,000.00 2,000.00 2,000.00

1,200.00 1,200.00 1,200.00 1,200.00 1,200.00
800.00 800.00 800.00 800.00 5,753.39
1,395.33 1,395.33 1,395.33 1,395.33 3,872.02
300.00 1,374.95 1,374.95 1,374.95 1,374.95
200.00 200.00 200.00 200.00 1,438.35
5,895.33 6,970.28 6,970.28 6,970.28 15,638.71

- - - - -
 300.00 360.00 420.00 480.00 540.00
400.00 480.00 560.00 640.00 720.00
599.07 878.13 1,157.20 1,436.26 1,715.33
225.00 270.00 476.24 682.49 888.73
100.00 120.00 140.00 160.00 180.00
1,624.07 2,108.13 2,753.44 3,398.75 4,044.06

- - - - -
60.00 60.00 60.00 60.00 60.00
80.00 80.00 80.00 80.00 575.34
279.07 279.07 279.07 279.07 774.40
45.00 206.24 206.24 206.24 206.24
20.00 20.00 20.00 20.00 143.83
484.07 645.31 645.31 645.31 1,759.82

- - - - -
360.00 420.00 480.00 540.00 600.00
480.00 560.00 640.00 720.00 1,295.34
878.13 1,157.20 1,436.26 1,715.33 2,489.73
270.00 476.24 682.49 888.73 1,094.97
120.00 140.00 160.00 180.00 323.83
2,108.13 2,753.44 3,398.75 4,044.06 5,803.88

2,000.00 2,000.00 2,000.00 2,000.00 2,000.00

840.00 780.00 720.00 660.00 600.00
320.00 240.00 160.00 80.00 4,458.05
517.20 238.13 (40.93) (320.00) 1,382.29
30.00 898.71 692.47 486.22 279.98
80.00 60.00 40.00 20.00 1,114.51
3,787.20 4,216.84 3,571.53 2,926.22 9,834.83
es for your business assets
 Income Statement
Assumptions All figures expressed in thousands
unit Year 1
'000
Revenue
one - on-one tutoring ### 21
Income Statement group bootcamps ### 2
online math subscription ### 20
Total Revenue ### 43
Direct Costs ### 1
Balance Sheet Gross Profit ### 41

Salaries and Wages ### 13

Rent ### 1
Cash flow Statement Utilities ### 0
Marketing/Advertisement ### 1
Administrative ### 1
Maintenance ### 0
Summary Insurance ### 0
Transport ### 0
Subscription/Licenses ### 0
Depreciation ### 0
Operating Profit ### 23

Interest Expense ### 0

Profit Before Tax ### 23
Taxation ### 5
Profit After Tax/Net Income ### 18
 Year 1
Revenu 21,144
Expens 19,784
Net in 18,390
OFFSET Year 4

Revenue 68,077.55
Cost of 65,079.35
Selling, 65,079.35
Interest 64,962.11
Taxes 45,524.58
Net inc (32,225.54)
Year 2 Year 3 Year 4 Year 5 Year 6
'000 '000 '000 '000 '000

33 48 68 91 117
2 3 4 5 7
34 53 77 103 133
69 105 149 200 257
2 2 3 4 5
68 102 146 196 252

18 28 42 57 71
2 2 2 2 2
0 0 0 0 1
1 2 2 2 3
1 1 1 1 1
0 0 0 1 1
0 0 0 0 0
0 0 1 1 1
0 0 0 0 0
0 0 0 0 0
44 67 97 131 173

0 0 0 0 0
44 67 97 131 173
9 13 19 26 35
35 54 78 104 138
Year 2 Year 3 Year 4 Year 5 Year 6
33,302 48,488 68,078 91,156 117,363
25,400 37,069 51,964 69,029 84,030
35,121 53,816 77,750 104,445 138,126
 - -
2,998.20 -
- 2,998.20
117.24 2,998.20
19,437.53 3,115.44
77,750.12 22,552.97
Year 7 Year 8 Year 9 Year 10
'000 '000 '000 '000

144 176 206 242

8 9 10 11
164 201 235 273
315 386 452 527
5 6 7 9
310 379 444 518

90 111 131 147

3 3 3 3
1 1 1 1
3 3 4 4
1 1 1 1
1 1 1 1
0 0 0 0
1 1 1 1
1 1 1 1
1 1 1 2
211 258 303 358

- - - -
211 258 303 358
42 52 61 72
169 207 242 286
Year 7 Year 8 Year 9 Year 10
143,652 175,831 206,249 241,930
104,726 127,366 149,282 168,853
168,581 206,677 242,068 286,275
 Balance Sheet
Assumptions All figures expressed in thousands
unit Year 1
'000
Assets
Current Assets
Income Statement Cash & cash equivalents ### 21
Accounts Receivable ### 1
Inventory ###
Total ### 22
Balance Sheet Non-Current Assets
Property, Plant and Equipment ### 5
Total Assets ### 26

Cash flow Statement Liabilities and Equity

Liabilities
Accounts Payable ### 1
Tax Payable ###
Summary Total ### 1
Non-Current Liabilities
Long Term Loan ### 1
Shareholder's Equity
Investment Capital ### 1
Retained Earning ### 23
Total ### 24
Total Liabilities & Equity ### 26
Year 2 Year 3 Year 4 Year 5 Year 6
'000 '000 '000 '000 '000

70 140 239 370 544

1 2 3 4 5

72 142 242 374 549

4 4 4 4 4
76 146 246 378 552

2 3 4 5 6

2 3 4 5 6

1 1 -

6 8 10 11 11
67 134 231 362 535
73 143 241 373 546
76 146 246 378 552
Year 7 Year 8 Year 9 Year 10
'000 '000 '000 '000

755 1,014 1,318 1,669

6 7 8 10

761 1,022 1,327 1,679

4 4 3 10
765 1,025 1,330 1,689

8 10 12 13

8 10 12 13

- - - -

12 12 12 12
745 1,004 1,306 1,664
757 1,016 1,318 1,676
765 1,025 1,330 1,689
 Cash flow Statement
Assumptions All figures expressed in thousands
unit Year 1
'000
Operating Activities
Net Earnings ### 18
Income Statement Plus: Taxation ### 5
Plus: Interest Expense ###
Plus: Depreciation ###
Minus: Changes in Working Capit ### 1
Balance Sheet Net Operating Cashflow ### 24

Investing Activities
Cash flow Statement Purchase of CAPEX ### (5)
Net Investing Cashflow ### (5)

Financing Activities
Summary Equity injection ### 1
Loan taken ### 1
Loan repayment ### ()
Loan interest ### ()
Net Financing Cashflow ### 2

Cash Generated During the Year ### 21

Cash at Beginning of Year ###
Cash at the End of Year ### 21
 Year 0 Year 1
Cash flow ### 20,920
Year 2 Year 3 Year 4 Year 5 Year 6
'000 '000 '000 '000 '000

35 54 78 104 138
9 13 19 26 35

()
44 68 98 131 173

- - - (1) -
- - - (1) -

5 2 2 1 1
1 - - -
() () () () ()
() () () () ()
5 2 1 1

49 70 99 131 174
21 70 140 239 370
70 140 239 370 544
Year 2 Year 3 Year 4 Year 5 Year 6
49,360 69,792 98,983 131,063 173,608
Year 7 Year 8 Year 9 Year 10
'000 '000 '000 '000

169 207 242 286

42 52 61 72
- - - -
1 1 1 2
1 ()
212 259 304 360

(1) - - (9)
(1) - - (9)

1 - - -
- - - -
- - - -
- - - -
1 - - -

211 259 304 351

544 755 1,014 1,318
755 1,014 1,318 1,669
Year 7 Year 8 Year 9 Year 10
211,305 259,423 303,669 350,863
 Pro
Financials Summary
Assumptions

Annual projections

Income Statement Annual P/L Waterfall

Chart
150,000.00
100,000.00
50,000.00
-
(50,000.00)

Cost of Goods Sold

Selling, General and Administrative Costs

Interest Expenses

Net income
Revenue
Balance Sheet

Taxes
Cash flow Statement

Summary
 Interest Expenses

Taxes

Net income

-
50,000
100,000
150,000
200,000
250,000
300,000
350,000

Year 1

Year 2

Revenue
Year 3
10-year P/L Chart

Year 4

Year 5

Expenses
Year 6

Year 7

Year 8

Net income Year 9

Year 10
10-year Cashflow
Chart
400,000.00
Cash flow
350,000.00

300,000.00

250,000.00

200,000.00

150,000.00

100,000.00

50,000.00

-
Year 0
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10

(50,000.00)
Glossary
Term Definition
Opening Inventory Allocation for purchase of initial stock of products for sale or services to be delivered in
Initial Working Capital Allocation for payments to vendors and employees in the first few months of operating t
Benefits Other elements of the employee remuneration package expected to cover medical insu
Business Development Refers to personnel involved in consultations or extensive engagement with customers
Direct costs Costs associated with input and labour required to develop your product or service
Factory overheads Covers costs associated with manufacturing such as electricity and rent for the factory,
Administrative Covers costs such as office consumables, travel, and expenses associated with legal a
Receivable Days Average number of days customers take to pay your business for services rendered
Payable Days Average number of days that your company takes to pay its suppliers
Inventory Days Average number of days required for your business to sell one batch of inventory
Grants Money provided as gifts or donations, with no conditions of payback or part ownership o
Equity Money given to the business by venture capitalists or other sources in exchange for par
Debt Money borrowed from a bank or other lending institution that must be paid back with int
 or services to be delivered in the first few months of operating the business
first few months of operating the business
expected to cover medical insurance, allowances, pension, training and development, etc
e engagement with customers to identify the best-fit product or service, before sales can be made.
op your product or service
ctricity and rent for the factory, maintenance and insurance costs for factory equipment, etc
penses associated with legal and accounting activities
iness for services rendered
its suppliers
ll one batch of inventory
of payback or part ownership of business. They may come from friends, family or other sources
er sources in exchange for part ownership/shares in the business
that must be paid back with interest at a future date