19 

P

ROJECTED 

C

ASH 

F

LOW

 

 

 

 

 

Year 1 

Year 2

Year 3

Year 4

Year 5

Beginning Cash Balance

-

€                                          

 

624,764.94

€                                          

 

91,891,145.50

€               

 

343,029,771.65

€              

 

1,008,619,829.11

€           

 

Cash Inflows
    Income from Sales

5,450,260.00

€                          

 

174,000,000.00

€                                    

 

1,187,520,000.00

€           

 

3,590,080,000.00

€           

 

-

€                               

 

   Accounts Receivable

-

€                                          

 

-

€                                                      

 

-

€                               

 

-

€                               

 

-

€                               

 

Total Cash Inflows 

5,450,260.00

€                          

 

174,000,000.00

€                                    

 

1,187,520,000.00

€           

 

3,590,080,000.00

€           

 

3,054,320,000.00

€           

 

Cash Outflows

   Investing Activities
     New Fixed Assets Purchases

-

€                                          

 

-

€                                                      

 

-

€                               

 

-

€                               

 

-

€                               

 

       Inventory Addition to Bal.Sheet

-

€                                          

 

-

€                                                      

 

-

€                               

 

-

€                               

 

-

€                               

 

     Cost of Sales

835,026.00

€                             

 

52,200,000.00

€                                      

 

334,256,000.00

€              

 

989,024,000.00

€              

 

839,296,000.00

€              

 

Operating Activities
    Salaries and Wages

246,369.83

€                             

 

506,100.29

€                                          

 

799,929.32

€                    

 

1,267,117.47

€                 

 

2,009,946.62

€                 

 

    Fixed Business Expenses

3,587,908.00

€                          

 

7,210,924.00

€                                        

 

538,540,788.00

€              

 

1,864,389,568.00

€           

 

1,598,822,208.00

€           

 

    Taxes

156,191.23

€                             

 

22,816,595.14

€                                      

 

62,784,656.54

€               

 

69,809,257.07

€               

 

67,789,132.58

€               

 

Financing Activities
    Loan Payments

-

€                                          

 

-

€                                                      

 

-

€                               

 

-

€                               

 

-

€                               

 

    Line of Credit Interest

-

€                                          

 

-

€                                                      

 

-

€                               

 

-

€                               

 

-

€                               

 

    Line of Credit Repayments

-

€                                          

 

-

€                                                      

 

-

€                               

 

-

€                               

 

-

€                               

 

    Dividends Paid

-

€                                          

 

-

€                                                      

 

-

€                               

 

-

€                               

 

-

€                               

 

Total Cash Outflows

4,825,495.06

€                             

 

82,733,619.44

€                                      

 

936,381,373.85

€              

 

2,924,489,942.53

€           

 

2,507,917,287.20

€           

 

Cash Flow

624,764.94

€                                

 

91,266,380.56

€                                      

 

251,138,626.15

€              

 

665,590,057.47

€              

 

546,402,712.80

€              

 

Operating Cash Balance

624,764.94

€                                

 

91,891,145.50

€                                      

 

343,029,771.65

€              

 

1,008,619,829.11

€           

 

1,555,022,541.91

€           

 

Ending Cash Balance

624,764.94

€                                

 

91,891,145.50

€                                      

 

343,029,771.65

€              

 

1,008,619,829.11

€           

 

1,555,022,541.91

€           

 

Pro Forma Cash Flow

 -

 100,000

 200,000

 300,000

 400,000

 500,000

 600,000

 700,000

Mo

n

th

 1

Mo

n

th

 2

M

o

n

th

 3

Mo

n

th

 4

Mo

n

th

 5

Mo

n

th

 6

Mo

n

th

 7

Mo

n

th

 8

Mo

n

th

 9

Mo

n

th

 10

Mo

n

th

 11

Mo

n

th

 12

Year 1 Cash

Net Cash Flows

Cash Balance