Finance

 

Projected Financial Statements for 2018

This projected financial report is based on the following assumptions:

  • $75,000 cash contributions from BenSino IT Corporation
  • Total sales of 5000 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 2019 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
  2018
Assets:  
Current assets $75,000
Fixed assets $5,000
Total assets $80,000
Liabilities:  
Current liabilities $75,000
Long-term liabilities $5,000
Total liabilities $80,000
 
  2018
Sales $79,950
Costs of goods sold $1,485
Gross profit $78,465
Operating expenses $8,967
Income from operations $69,498
Taxes $22,166.38
Net Income $47,331.62
Payroll $0
Retained earnings $47,331.62

 

Cash Flow
  2018
Operating cash flow $69,498
Capital spending $5,000
Change in Net Working Capital $0
Cash Flow from Assets $64,698
Cash Flow to Creditors $18,000
Cash Flow to Shareholders $46,698

Finally, all 2018 earnings will be invested in new equipment for future games and enterprise applications development and if possible distributed servers and data centers.

 

Previous Financial Reports

Income Statement
  2016 2017
Sales $0 $0
Costs of goods sold $0 $0
Gross profit $0 $0
Operating expenses $0 $0
Income from operations $0 $0
Taxes $1,440 $1,440
Net Income $0 $0
Payroll $0 $0
Retained earnings $0 $0

 

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

You are not authorised to post comments.

Comments will undergo moderation before they get published.

Comments powered by CComment

About BEG SASU

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 industrialization of Africa by the private sector. Hence, we are engineering our own technologies to tackle our common issues.

©2020 BenSino Engineering Group SASU. All Rights Reserved. IFU Number : 3201641354915

Powered by Ralph.