2017 PROFIT AND LOSS STATEMENT

BELL RESOURCES SDN BHD.

Revenue JAN FEB MAR APR MAY

Sales $30,000 $30,000 $30,000 $35,000 $36,000
Sales Returns (Reduction) 0 (500) 0 0 (234)
Sales Discounts (Reduction) 200 0 0 700 500
Other Revenue 1 2,500 2,500 3,000 2,500 2,500
Other Revenue 2 0 0 0 0 0
Other Revenue 3 0 0 0 0 0
Net Sales 32,700 32,000 33,000 38,200 38,766
Cost of Goods Sold 12,000 12,000 12,000 14,000 14,400
Gross Profit $20,700 $20,000 $21,000 $24,200 $24,366

Operation Expenses JAN FEB MAR APR MAY

Salaries & Wages $7,000 $7,000 $7,000 $7,500 $7,000
Depreciation 0 0 0 0 0
Rent 1,500 1,500 1,500 1,500 1,500
Office Supplies 150 150 150 150 150
Utilities 150 150 150 150 150
Other Utilities 0 0 0 0 0
Insurance 150 150 150 150 150
Travel 0 0 0 0 0
Maintenance 0 0 0 0 0
Advertising 90 90 90 150 150
Other 1 0 0 0 0
Other 2 0 0 0 0 0
Other 3 0 0 0 0 0
Total Operation Expenses $9,040 $9,040 $9,040 $9,600 $9,100
Income From Operations 11,660 10,960 11,960 14,600 15,266
Interest Income (Expense) (100) (100) (100) (100) (122)
Income Before Income Taxes 11,560 10,860 11,860 14,500 15,144
Income Tax Expense 0 0 0 0 0
Net Income $11,560 $10,860 $11,860 $14,500 $15,144
 NET INCOME

$173,919
Row 15

Row 31

JUN JUL AUG SEP OCT NOV DEC YTD

$36,000 $36,500 $38,000 $40,000 $40,000 $40,000 $40,000 $431,500
0 0 (300) 0 0 0 0 (1,034)
(200) (700) 400 0 0 200 1,000 2,100
2,500 1,500 2,000 2,000 2,000 2,000 2,000 27,000
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
38,300 37,300 40,100 42,000 42,000 42,200 43,000 459,566
14,400 14,600 15,200 16,000 16,000 16,000 16,000 172,600
$23,900 $22,700 $24,900 $26,000 $26,000 $26,200 $27,000 $286,966

JUN JUL AUG SEP OCT NOV DEC YTD

$7,000 $7,000 $7,500 $7,000 $7,000 $7,000 $7,500 $85,500
0 0 0 0 0 0 0 0
1,500 1,500 1,500 1,500 1,500 1,500 1,500 18,000
150 200 200 200 250 250 230 2,230
150 150 150 150 150 150 150 1,800
0 0 0 0 0 0 0 0
150 150 150 150 150 150 150 1,800
0 0 0 0 0 0 0 0
128 0 0 0 0 0 128 256
150 200 200 200 250 250 250 2,070
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
$9,228 $9,200 $9,700 $9,200 $9,300 $9,300 $9,908 $111,656
14,672 13,500 15,200 16,800 16,700 16,900 17,092 175,310
(122) (122) (122) (122) (122) (130) (130) (1,392)
14,550 13,378 15,078 16,678 16,578 16,770 16,962 173,919
0 0 0 0 0 0 0 0
$14,550 $13,378 $15,078 $16,678 $16,578 $16,770 $16,962 $173,919
Cash Flow Statement
Fiscal year begins:
(Pre)
Startup JAN FEB MAR
1/1/2017 EST 01 01 01

Cash on Hand (beginning of month) 100 100 (175) (5)

Cash Receipts
Cash Sales 125 120 130
Collections from CR accounts
Loan/other cash injections 50 50
Total 0 125 170 180
Total Cash Available (before cash out) 100 225 (5) 175

Cash Paid Out

Purchases (merchandise) 400 226
Purchases (specify)
Purchases (specify)
Gross wages (exact withdrawal)
Payroll expenses (taxes, etc.)
Outside services
Supplies (office & operations)
Repairs & maintenance
Advertising
Car, delivery & travel
Accounting & legal
Rent
Telephone
Utilities
Insurance
Taxes (real estate, etc.)
Interest
Other expenses (specify)
Other (specify)
Other (specify)
Miscellaneous
Total 0 400 0 226

Cash Paid Out (Non P&L)

Loan principal payment
 Capital purchase (specify)
Other startup costs
Reserve and/or escrow
Owners' withdrawal
Total 0 0 0 0
Total Cash Paid Out 0 400 0 226

Cash Position (end of month) 100 (175) (5) (51)

APR MAY JUN JUL AUG SEP OCT
01 01 01 01 01 01 01

(51) 174 219 219 219 219 219

100
75 45
50
225 45 0 0 0 0 0
174 219 219 219 219 219 219

0 0 0 0 0 0 0
 0 0 0 0 0 0 0
0 0 0 0 0 0 0

174 219 219 219 219 219 219

NOV DEC Total
01 01 Item EST

219 219 219

475
120
150
0 0 745
219 219 964

626
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0 0 626

0
 0
0
0
0
0 0 0
0 0 626

219 219 338

[YEAR] PROFIT AND LOSS STATEMENT

COMPANY NAME

Revenue JAN FEB MAR APR MAY

Sales $40,000 $40,000 $40,000 $40,000 $43,000
Sales Returns (Reduction) 0 0 0 0 (234)
Sales Discounts (Reduction) 0 0 0 (2,000) (1,500)
Other Revenue 1 1,000 1,500 1,500 1,500 2,000
Other Revenue 2 0 0 0 0 0
Other Revenue 3 0 0 0 0 0
Net Sales 41,000 41,500 41,500 39,500 43,266
Cost of Goods Sold 20,000 21,000 22,050 23,153 24,310
Gross Profit $21,000 $20,500 $19,450 $16,348 $18,956

Operation Expenses JAN FEB MAR APR MAY

Salaries & Wages $7,500 $8,000 $8,000 $8,500 $8,000
Depreciation 0 0 0 0 0
Rent 1,500 1,500 1,500 1,500 1,500
Office Supplies 100 100 100 100 0
Utilities 150 200 200 200 200
Other Utilities 0 0 0 0 0
Insurance 150 150 150 150 150
Travel 250 263 276 289 304
Maintenance 0 0 0 0 0
Advertising 200 200 200 200 200
Other 1 0 0 0 0 0
Other 2 0 0 0 0 0
Other 3 0 0 0 0 0
Total Operation Expenses $9,850 $10,413 $10,426 $10,939 $10,354
Income From Operations 11,150 10,088 9,024 5,408 8,602
Interest Income (Expense) (100) (105) (110) (116) (122)
Income Before Income Taxes 11,050 9,983 8,914 5,292 8,480
Income Tax Expense 0 0 0 0 0
Net Income $11,050 $9,983 $8,914 $5,292 $8,480
 NET INCOME

$230,962
Row 15

Row 31

JUN JUL AUG SEP OCT NOV DEC YTD

$43,000 $45,000 $50,000 $50,000 $50,000 $50,000 $65,000 $556,000
0 0 (300) 0 0 0 0 (534)
1,500 0 0 0 0 0 (2,000) (4,000)
2,000 2,000 2,000 1,500 1,500 1,500 3,000 21,000
0 0 0 0 0 0 0
0 0 0 0 0 0 0
46,500 47,000 51,700 51,500 51,500 51,500 66,000 572,466
25,526 26,802 48,654 0 0 0 0 211,494
$20,974 $20,198 $3,046 $51,500 $51,500 $51,500 $66,000 $360,972

JUN JUL AUG SEP OCT NOV DEC YTD

$8,000 $8,000 $8,500 $8,000 $8,000 $8,000 $8,500 $97,000
0 0 0 0 0 0 0 0
1,500 2,000 2,000 2,000 2,000 2,000 2,000 21,000
100 100 100 150 150 150 150 1,300
200 200 200 200 200 200 200 2,350
0 0 0 0 0 0 0 0
150 150 150 150 150 150 150 1,800
319 335 2,036
150 0 0 0 0 0 250 400
200 200 250 250 250 250 250 2,650
0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
$10,619 $10,985 $11,200 $10,750 $10,750 $10,750 $11,500 $128,536
10,355 9,213 (8,154) 40,750 40,750 40,750 54,500 232,436
(128) (134) (130) (130) (130) (135) (135) (1,474)
10,228 9,079 (8,284) 40,620 40,620 40,615 54,365 230,962
0 0 0 0 0 0 0 0
$10,228 $9,079 ($8,284) $40,620 $40,620 $40,615 $54,365 $230,962
Cash Flow Statement
Fiscal year begins:
(Pre)
Startup JAN FEB MAR
1/1/2017 EST 01 01 01

Cash on Hand (beginning of month) 100 100 (175) (5)

Cash Receipts
Cash Sales 125 120 130
Collections from CR accounts
Loan/other cash injections 50 50
Total 0 125 170 180
Total Cash Available (before cash out) 100 225 (5) 175

Cash Paid Out

Purchases (merchandise) 400 226
Purchases (specify)
Purchases (specify)
Gross wages (exact withdrawal)
Payroll expenses (taxes, etc.)
Outside services
Supplies (office & operations)
Repairs & maintenance
Advertising
Car, delivery & travel
Accounting & legal
Rent
Telephone
Utilities
Insurance
Taxes (real estate, etc.)
Interest
Other expenses (specify)
Other (specify)
Other (specify)
Miscellaneous
Total 0 400 0 226

Cash Paid Out (Non P&L)

Loan principal payment
 Capital purchase (specify)
Other startup costs
Reserve and/or escrow
Owners' withdrawal
Total 0 0 0 0
Total Cash Paid Out 0 400 0 226

Cash Position (end of month) 100 (175) (5) (51)

APR MAY JUN JUL AUG SEP OCT
01 01 01 01 01 01 01

(51) 174 219 219 219 219 219

100
75 45
50
225 45 0 0 0 0 0
174 219 219 219 219 219 219

0 0 0 0 0 0 0
 0 0 0 0 0 0 0
0 0 0 0 0 0 0

174 219 219 219 219 219 219

NOV DEC Total
01 01 Item EST

219 219 219

475
120
150
0 0 745
219 219 964

626
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0 0 626

0
 0
0
0
0
0 0 0
0 0 626

219 219 338

[YEAR] PROFIT AND LOSS STATEMENT

COMPANY NAME

Revenue JAN FEB MAR APR MAY

Sales $50,000 $63,098 $55,125 $23,881 $60,775
Sales Returns (Reduction) 0 (500) 0 0 (234)
Sales Discounts (Reduction) (5,000) (5,250) (5,513) (5,788) (6,078)
Other Revenue 1 0 0 0 0 0
Other Revenue 2 0 0 0 0 0
Other Revenue 3 0 0 0 0 0
Net Sales 45,000 57,348 49,612 18,093 54,463
Cost of Goods Sold 20,000 21,000 22,050 23,153 24,310
Gross Profit $25,000 $36,348 $27,562 ($5,060) $30,153

Operation Expenses JAN FEB MAR APR MAY

Salaries & Wages $7,500 $7,875 $8,269 $8,682 $9,116
Depreciation 500 525 551 579 608
Rent 1,500 1,575 1,654 1,736 1,823
Office Supplies 475 499 524 550 577
Utilities 123 123 123 123 123
Telephone 68 68 68 68 68
Insurance 125 125 125 125 125
Travel 250 263 276 289 304
Maintenance 100 105 110 116 122
Advertising 200 210 221 232 243
Other 1 0 0 0 0 0
Other 2 0 0 0 0 0
Other 3 0 0 0 0 0
Total Operation Expenses $10,841 $11,367 $11,920 $12,500 $13,109
Income From Operations 14,159 24,981 15,642 (17,560) 17,044
Interest Income (Expense) (100) (105) (110) (116) (122)
Income Before Income Taxes 14,059 24,876 15,532 (17,675) 16,922
Income Tax Expense 2,400 2,500 2,600 2,700 2,900
Net Income $11,659 $22,376 $12,932 ($20,375) $14,022
 NET INCOME

$72,450
Row 15

Row 31

JUN JUL AUG SEP OCT NOV DEC YTD

$63,814 $67,005 $90,000 $473,698
0 0 (300) (1,034)
(5,324) (6,700) (400) (40,053)
0 0 2,000 2,000
0 0 0
0 0 0
58,490 60,305 91,300 434,611
25,526 26,802 48,654 211,494
$32,964 $33,503 $42,646 $223,117

JUN JUL AUG SEP OCT NOV DEC YTD

$9,572 $10,051 $61,065
638 670 4,071
1,914 2,010 12,213
606 637 3,867
123 123 861
68 68 476
125 125 875
319 335 2,036
128 134 814
255 268 1,628
0 0 0
0 0 0
0 0 0
$13,749 $14,421 $87,907
19,216 19,082 135,210
(128) (134) (814)
19,088 18,948 91,750
3,000 3,200 19,300
$16,088 $15,748 $72,450
Cash Flow Statement
Fiscal year begins:
(Pre)
Startup JAN FEB MAR
1/1/2017 EST 01 01 01

Cash on Hand (beginning of month) 100 100 (175) (5)

Cash Receipts
Cash Sales 125 120 130
Collections from CR accounts
Loan/other cash injections 50 50
Total 0 125 170 180
Total Cash Available (before cash out) 100 225 (5) 175

Cash Paid Out

Purchases (merchandise) 400 226
Purchases (specify)
Purchases (specify)
Gross wages (exact withdrawal)
Payroll expenses (taxes, etc.)
Outside services
Supplies (office & operations)
Repairs & maintenance
Advertising
Car, delivery & travel
Accounting & legal
Rent
Telephone
Utilities
Insurance
Taxes (real estate, etc.)
Interest
Other expenses (specify)
Other (specify)
Other (specify)
Miscellaneous
Total 0 400 0 226

Cash Paid Out (Non P&L)

Loan principal payment
 Capital purchase (specify)
Other startup costs
Reserve and/or escrow
Owners' withdrawal
Total 0 0 0 0
Total Cash Paid Out 0 400 0 226

Cash Position (end of month) 100 (175) (5) (51)

APR MAY JUN JUL AUG SEP OCT
01 01 01 01 01 01 01

(51) 174 219 219 219 219 219

100
75 45
50
225 45 0 0 0 0 0
174 219 219 219 219 219 219

0 0 0 0 0 0 0
 0 0 0 0 0 0 0
0 0 0 0 0 0 0

174 219 219 219 219 219 219

NOV DEC Total
01 01 Item EST

219 219 219

475
120
150
0 0 745
219 219 964

626
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0 0 626

0
 0
0
0
0
0 0 0
0 0 626

219 219 338

Balance Sheet
FY-[YEAR] FY-[YEAR] FY-[YEAR]

Current Assets
Cash 600 700 700
Investments
Inventories
Accounts receivable
Pre-paid expenses
Other
Total 600 700 700

Fixed Assets
Property and equipment
Leasehold improvements
Equity and other investments
Less accumulated depreciation (Negative Value) (100) (85)
Total (100) (85) 0

Other Assets
Charity
Total 0 0 0

Total Assets 500 615 #VALUE!

Current Liabilities
Accounts payable 350
Accrued wages
Accrued compensation 500
Income taxes payable
Unearned revenue
Other
Total 500 350 0

Long-term Liabilities
Mortgage payable
Total 0 0 0
Owner Equity
Investment capital 350
Accumulated retained earnings
Total 0 350 0

Total Liabilities & Stockholder Equity 500 700 0