Projected Balance Sheet Sample Clauses

Projected Balance Sheet. Pro Forma Balance Sheet (expressed in US Dollars) For the years ended August 31,
Sample 1
AutoNDA by SimpleDocs
Projected Balance Sheet. The projected balance sheet shows the changes in assets, liabilities, and capital for the Company. Since borrowing was not selected as an option, there are no liabilities during this three-year plan. Long-term assets of $975,000 are depreciated starting in year two. Net worth increase from $1,170,684 in year one to $1,272,514 in year to and finally reach $1,377,612 in the final year of the plan. Pro Forma Balance Sheet Year 1 Year 2 Year 3 Cash $130,684 $256,474 $386,893 Other Current Assets $65,000 $65,000 $65,000 Total Current Assets $195,684 $321,474 $451,893 Long-term Assets $975,000 $975,000 $975,000 Accumulated Depreciation $0 $24,960 $49,281 Total Long-term Assets $975,000 $950,040 $925,719 Total Assets $1,170,684 $1,271,514 $1,377,612 Liabilities and Capital Year 1 Year 2 Year 3 Current Borrowing $0 $0 $0 Other Current Liabilities $0 $0 $0 Subtotal Current Liabilities $0 $0 $0 Long-term Liabilities $0 $0 $0 Total Liabilities $0 $0 $0 Paid-in Capital $1,900,000 $1,900,000 $1,900,000 Retained Earnings ($820,315) ($729,316) ($628,486) Earnings $90,999 $100,830 $106,098 Total Capital $1,170,684 $1,271,514 $1,377,612 Total Liabilities and Capital $1,170,684 $1,271,514 $1,377,612 Net Worth $1,170,684 $1,271,514 $1,377,612
Sample 1
Projected Balance Sheet. The following table presents the Balance Sheet for Motivating the Masses. It shows our projected steady increase in Net Worth over the next three years. As a consulting company, we do not need a great deal in the way of assets, so the largest factor in the Balance Sheet is our cash balance.
Sample 1
Projected Balance Sheet. Pro Forma Balance Sheet (expressed in US Dollars) For the years ended December 31, Current assets Cash 0 205,146 3,556,510 9,671,470 18,949,843 Accounts receivable 19,824,670 26,863,528 35,979,615 48,392,142 62,004,669 Prepaid expenses 403,102 546,225 731,585 983,974 1,260,762 Long term assets PPE, net - - - - - Land, net - - - - - Total Assets 20,227,772 27,614,899 40,267,710 59,047,585 82,215,274 LIABILITIES Current liabilities Account payable 17,181,381 23,281,725 31,182,333 41,939,856 53,737,380 Revolving line of credit 1,846,648 370,561 251,831 107,078 - Long term liabilities Long term loan - - - - - Total liabilities 19,028,029 23,652,286 31,434,163 42,046,934 53,737,380 Owner's equity - - - - - Retained earnings 1,199,743 3,962,614 8,833,547 17,000,651 28,477,894 Total shareholder's equity 1,199,743 3,962,614 8,833,547 17,000,651 28,477,894 Total liabilities and shareholder's equity 20,227,772 27,614,899 40,267,710 59,047,585 82,215,274 2020 2021 Assets 2022 Shareholder's Equity 2023 2024 Liabilities Current 1.18 1.19 1.29 1.41 1.53 Quick 1.18 1.19 1.29 1.41 1.53 Acid Test 1.15 1.16 1.27 1.38 1.51 Account receivable turnover 3.03 2.83 2.80 2.84 2.75 Inventory turnover 0.00 0.00 0.00 0.00 0.00 Total asset turnover 2.41 2.39 2.18 2.03 1.85 Gross margin 11% 11% 11% 11% 11% Operating margin 3% 4% 6% 7% 8% Net profit margin 2% 4% 6% 7% 8% Return on assets 6% 10% 12% 14% 14% Return on equity 100% 70% 55% 48% 40% Debt to equity 14.32 5.88 3.53 2.47 1.89 Debt to assets 0.85 0.84 0.77 0.71 0.65 Interest coverage 6.41 17.72 33.12 55.44 77.51 12% 10% 8% 6% 4% 2% 0% 2020 2021 Gross margin 2022 Operating margin 2023 Net profit margin 2024
Sample 1
Projected Balance Sheet. You shall have received and satisfactorily completed your review of, prior to the time that this Agreement is fully-executed by the parties here, the projected consolidated balance sheet of the Company and its Subsidiaries prepared on a pro forma basis as of April 30, 2015 after giving effect to the Closing and the purchase of the Notes hereunder.
Sample 1
Projected Balance Sheet. On or prior to the Closing Date, Company shall deliver to Administrative Agent (with sufficient copies for each Lender) a projected consolidated balance sheet of Company and its Subsidiaries as at the date of the consummation of the Merger, prepared in accordance with GAAP and reflecting the consummation of the Acquisition and the Merger, the related financings and the other transactions contemplated by the Loan Documents and the Merger Agreement, which projected balance sheet shall be in form and substance satisfactory to Administrative Agent.
Sample 1
Projected Balance Sheet. Frontline shall have received a projected balance sheet, income statement and projected working capital requirements for Roxy Systems covering the periods from October 1, 1998 through December 31, 1999 and January 1, 1998 through December 31, 1999. Such projections shall be set forth in reasonable detail and shall include a detailed list of all assumptions used in determining income, expense and cash flow.
Sample 1
AutoNDA by SimpleDocs

Related to Projected Balance Sheet

  • Pro Forma Balance Sheet The Administrative Agent shall have received the Pro Forma Balance Sheet in form and substance satisfactory to the Administrative Agent and the Required Lenders;

  • Closing Balance Sheet (a) As soon as practicable following the Closing Date, Purchaser shall cause to be prepared the balance sheet of the Subject Company as of the Closing Date (the "Closing Balance Sheet"). Within fifteen (15) days following the Closing Date, Purchaser shall deliver the Closing Balance Sheet to Seller, accompanied by (i) a certificate of an executive officer of Purchaser to the effect that (except with respect to adjustments required by this Agreement) the Closing Balance Sheet has been prepared and presented consistent with GAAP, applied on a consistent basis with the preparation of the Financial Statements (as defined in Section 2.6), and fairly presents the financial position of the Subject Company as of the Closing Date and (ii) a statement documenting the calculation of the Working Capital ("Working Capital Calculation Statement"). The Closing Balance Sheet and Working Capital Calculation Statement shall be audited by Xxxxxx Xxxxxxxx LLP, independent public accountants of Purchaser ("Purchaser's Auditor"), and reviewed by KPMG Peat Marwick LLP, independent public accountants of Seller ("Seller's Auditor"), who will be afforded full access to all books and records of the Subject Company and work papers used by Purchaser's Auditor in its audit. Purchaser's Auditor will issue a report to Purchaser and Seller within forty-five (45) days of the Closing Date concerning their audit and stating that the Closing Balance Sheet has been prepared in accordance with GAAP, it being understood that the report of Purchaser's Auditor must be unqualified. (b) Within fifteen (15) days following the date on which the report of Purchaser's Auditor is delivered pursuant to Section 1.5(a), Seller shall give notice to Purchaser as to whether or not Seller's Auditor concurs with Purchaser's Auditor's report (such notice to contain Seller's Auditor's comments and exceptions to the Closing Balance Sheet, if any). If Seller gives notice that Seller's Auditor does not concur with Purchaser's Auditor's report and the parties are unable to mutually resolve Seller's Auditor's exceptions within ten (10) days following the date of such notice, then within twenty (20) days following the date of such notice Purchaser and Purchaser's Auditor and Seller and Seller's Auditor shall jointly select and retain an independent firm of certified public accountants of national standing and reputation (the "Independent Firm") for the purpose of resolving all remaining unresolved issues with respect to the Closing Balance Sheet and the Working Capital Calculation Statement. In the event that Seller and Seller's Auditor, on the one hand, and Purchaser and Purchaser's Auditor, on the other hand, are unable to agree upon the firm to be selected as the Independent Firm within such twenty (20) day period, then such selection shall be made by an independent arbitrator agreed upon from a list of three arbitrators supplied, at Purchaser's request, within five days after the expiration of the twenty-day period, to Purchaser and Seller from the American Arbitration Association, and the retention of the Independent Firm shall be made by Seller and Purchaser within five (5) days after such list is supplied. (c) Within ten (10) days following such retention of the Independent Firm, Seller shall cause Seller's Auditor, and Purchaser shall cause Purchaser's Auditor, to present to the Independent Firm the issue or issues that must be resolved with respect to the Closing Balance Sheet and the calculation of the Purchase Price. (d) Seller and Purchaser shall use their best efforts to cause the Independent Firm to render its decision as soon as is reasonably practicable, including, without limitation, prompt compliance with all reasonable requests by the Independent Firm for information, papers, books, records and the like; provided that Seller and Purchaser agree that the purpose of retention of the Independent Firm shall not include the conduct of its own independent audit of the Closing Balance Sheet, but rather shall be limited to resolving the issues presented to it and matters related thereto. All decisions of the Independent Firm with respect to the Closing Balance Sheet and the Working Capital Calculation Statement shall be final and binding upon both Seller and Purchaser. (e) Purchaser and Seller shall bear all fees, costs, disbursements and other expenses of their own respective auditor associated with performance of their respective functions pursuant to this Section 1.5. For purposes of this Agreement, payment of all fees, costs, disbursements and other expenses of the Independent Firm which are incurred pursuant to this Section 1.5 shall be (i) split evenly between Seller and Purchaser if the amount of Working Capital arrived at by the Independent Firm is in the range that is greater than 25% of the Working Capital Differential (as defined below) plus the Working Capital determined by Purchaser's Auditor and less than the difference of the Working Capital determined by Seller's Auditor minus 25% of the Working Capital Differential, or (ii) by (A) Seller, if the amount of the Working Capital arrived at by the Independent Firm is less than or equal to 25% of the Working Capital Differential plus the Working Capital determined by Purchaser's Auditor, or (B) Purchaser, if the amount of the Working Capital arrived at by the Independent Firm is greater than or equal to the difference of the Working Capital determined by Seller's Auditor minus 25% of the Working Capital Differential. The "Working Capital Differential" shall mean the amount of the Working Capital determined by Seller's Auditor less the amount of the Working Capital determined by Purchaser's Auditor.

  • Pro Forma Balance Sheet; Financial Statements The Lenders shall have received (i) the Pro Forma Balance Sheet, (ii) audited consolidated financial statements of the Borrower and its Subsidiaries for the most recently ended fiscal year and (iii) unaudited interim consolidated financial statements of the Borrower and its Subsidiaries for each fiscal quarter ended after the date of the latest applicable financial statements delivered pursuant to clause (i) of this paragraph as to which such financial statements are available.

  • Closing Date Balance Sheet (i) As soon as practicable after the Effective Date, but in no event later than forty-five (45) days after the Closing Date, Purchaser shall cause its independent certified public accountants ("Purchaser's Accountants") to prepare and deliver to Sellers a draft consolidated balance sheet (the "Draft Closing Date Balance Sheet") for the Acquired Companies as of the opening of business on the Effective Date. The Draft Closing Date Balance Sheet (i) shall be prepared in accordance with GAAP and AICPA review standards applied on a basis consistent with the preparation of the financial statements described in Section 5.4 hereof but without regard to the transactions contemplated by this Agreement, and (ii) shall set forth the total liabilities (excluding any tax liability of the Company resulting from Purchaser's election to treat the stock purchase as a purchase of assets under the provisions of Section 338 of the Internal Revenue Code) of the Acquired Companies as of the opening of business on the Effective Date (the "Closing Date Total Liabilities") and the stockholder's equity (defined as the difference between the Acquired Companies' assets minus their total liabilities) of the Acquired Companies as of the opening of business on the Effective Date (the "Closing Date Stockholder's Equity"). (ii) If Sellers holding a majority of the Shares (the "Requisite Sellers") have any objections to the Draft Closing Date Balance Sheet, they will deliver a statement describing in detail their objections to the Purchaser within thirty (30) days after receiving the Draft Closing Date Balance Sheet. If no such objections are delivered by the Requisite Sellers within such thirty (30) day period, the Draft Closing Date Balance Sheet shall be deemed accepted by the Sellers. The Purchaser and the Requisite Sellers will use reasonable efforts to resolve any such objections themselves. If the Purchaser and the Requisite Sellers do not obtain a final resolution within thirty (30) days after the Purchaser has received the statement of objections, however, the Purchaser and the Requisite Sellers will select an accounting firm mutually acceptable to them to resolve any remaining objections. If the Purchaser and the Requisite Sellers are unable to agree on the choice of an accounting firm, they will select a nationally-recognized accounting firm by lot (after excluding their respective regular outside accounting firms). The determination of any accounting firm so selected will be set forth in writing and will be conclusive and binding upon the Parties. The Purchaser will revise the Draft Closing Date Balance Sheet as appropriate to reflect the resolution of any objections thereto pursuant to this Section 2.3(a)(ii). The ``Closing Date Balance Sheet'' shall mean the Draft Closing Date Balance Sheet together with any revisions thereto pursuant to this Section 2.3(a)(ii).

  • Balance Sheet ASSETS CURRENT ASSETS Cash $ Accounts Receivable Merchandise Inventory Notes Receivable (Less than 1 year) TOTAL CURRENT ASSETS $ NONCURRENT ASSETS Equipment/Property $ Less Depreciation Reserve Net Equipment/Property Cost Prepaid Expenses Other: Other: TOTAL NONCURRENT ASSETS $ TOTAL ASSETS $ LIABILITIES CURRENT LIABILITIES Accounts Payable $ S & W Payable Short-Term Notes Payable Interest Payable Short-Term Loan Payable Other: Other: TOTAL CURRENT LIABILITIES $ OTHER LIABILITIES Other: $ Other: TOTAL OTHER LIABILITIES $ TOTAL LIABILITIES $ CAPTIAL OWNER'S EQUITY Capital $ Less Personal Drawing $ Net Addition $ Stockholder's Equity $ Other: $ TOTAL CAPITAL $ TOTAL LIABILITIES AND CAPITAL $ DPR 86 3 CONCESSIONAIRE NAME CONCESSION NAME PARK UNIT NAME REPORTING PERIOD From: To:

  • Off-Balance Sheet Transactions There is no transaction, arrangement or other relationship between the Company or any of its Subsidiaries and an unconsolidated or other off-balance sheet entity which is required to be disclosed in the Registration Statement, the Pricing Disclosure Package and the Prospectus (other than as disclosed therein).

  • Financial Statements; Fiscal Year The Current Financials were prepared in accordance with GAAP and present fairly, in all material respects, the consolidated financial condition, results of operations, and cash flows of the Companies as of, and for the portion of the fiscal year ending on the date or dates thereof (subject only to normal audit adjustments). All material liabilities of the Companies as of the date or dates of the Current Financials are reflected therein or in the notes thereto. Except for transactions directly related to, or specifically contemplated by, the Loan Documents or disclosed in the Current Financials, no subsequent material adverse changes have occurred in the consolidated financial condition of the Companies from that shown in the Current Financials. The fiscal year of each Company ends on December 31.

  • Off-Balance Sheet Arrangements There is no transaction, arrangement, or other relationship between the Company or any of its Subsidiaries and an unconsolidated or other off balance sheet entity that is required to be disclosed by the Company in its 1934 Act filings and is not so disclosed or that otherwise could be reasonably likely to have a Material Adverse Effect.

  • Monthly Financial Statements As soon as available, but no later than thirty (30) days after the last day of each month, a company prepared consolidated balance sheet and income statement covering Borrower’s consolidated operations for such month certified by a Responsible Officer and in a form acceptable to Bank (the “Monthly Financial Statements”);

  • Pro Forma Financial Statements Agent shall have received a copy of the Pro Forma Financial Statements which shall be satisfactory in all respects to Lenders;

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!