Finance

Finance

 

Projected Financial Statements for 2024

This projected financial report is based on the following assumptions:

  • $750,000 cash contributions from BenSino IT Corporation
  • Total sales of 50000 units at $0.99
  • Business and economic trends are stable
  • Gaming industry trends and orders remain strong

In addition, according to our break-even analysis, the firm will not reach the break-even until 2025 even though we control costs to maintain a positive cash balance. This is consistent with our goal to build a solid base for the corporation with our primary products and services.

Balance Sheet   Income Statement
  2024
Assets:  
Current assets $750,000
Fixed assets $50,000
Total assets $800,000
Liabilities:  
Current liabilities $750,000
Long-term liabilities $50,000
Total liabilities $800,000
 
  2024
Sales $799,500
Costs of goods sold $14,850
Gross profit $784,650
Operating expenses $89,670
Income from operations $694,980
Taxes $221,663.8
Net Income $473,316.2
Payroll $10,000
Retained earnings $463,316.2

 

Cash Flow
  2024
Operating cash flow $694,980
Capital spending $50,000
Change in Net Working Capital $0
Cash Flow from Assets $646,980
Cash Flow to Creditors $180,000
Cash Flow to Shareholders $464,980

Finally, all 2024 earnings will be invested in new equipment for complex software and advanced engineered systems development and if possible, acquiring new distributed servers and data centers in Africa.

 

Previous Financial Reports

Income Statement
  2022 2023
Sales $0 $79,950
Costs of goods sold $0 $1,485
Gross profit $0 $78,465
Operating expenses $0 $8,967
Income from operations $0 $69,498
Taxes $14,400 $22,166.38
Net Income $0 $47,331.62
Payroll $0 $1,000
Retained earnings $0 $46,331.62

 

This is not an official financial report and is subject to further modifications throughout the year, so it must be taken with care.

Information

We are a value-added engineering company that is entirely devoted to engineer long-term solutions for the beautiful continent from Cape Town to Alexandria.

Our mission is to actively contribute to the sustainable industrialization of Africa by the private sector. Hence, we are engineering our own technologies to tackle our common issues.