Group Members:

Aminuddin bin Abdul Aziz

Siti Hadhila binti Hamzah
Nor Aiennienatulnisa binti Noor Azhar
Nurul Farhana binti Abdul Hadi
Amirul Asmaan bin Ahmad Murad
 INTRODUCTION
Name of the company:
Nature of Business:
Industry Profile:
Location of the Business:
Date of Business Commencement:
Factors in Selecting the Proposed
Business:
Future Prospect of the Business:
VIOLET THE CARPENTER
Pallete Wood
Product
Kota Fesyen, MITC Ayer Keroh
Melaka
15th January 2016
Follow development of country
i. to create the product beyond
customer’s imagination
ii. We innovate this furniture in
a modern way to suit the
trends
 BUSINESS PURPOSE
Easy to consume and multi-function.
-To meet the customers demand nowadays.
-Provide differences normal furniture from
another company.
-Furniture look more interesting and suitable
with all sizes of houses.
Innovation
-Consist of the people with lower and higher
income level.
-Furniture suitable for every income level.
 BUSINESS BACKGROUND
Name of the Violet The Carpenter
Business/Company:
Address:
No 17, Jalan KF4 Hang Tuah
Jaya, Lingkaran Mitc, 75350,
Melaka Malaysia

Telephone: 06-4414168
Fax Number: 03-33299479
E-mail: violetthecarpenter@gmail.com
Forms of Business: 3 in 1 furniture
Main Activities: Making furniture
Date and Number of Business 15th Mei 2016
Registration:
Date of Commencement: 15th January 2016
1.Initial Capital :

NAME SHARES (RM)

Aminuddin bin Abdul Aziz 20,000

Amirul Asmaan bin Ahmad Murad 20,000

Nurul Farhana binti Abdul Hadi 20,000

Nor Aiennienatulnisa binti Noor Azhar 20,000

Siti Hadhila binti Abdul Hadi 20,000

2. Name of bank : Bank Islam

3. Bank Account Number : 12168120283415
 GENERAL MANAGER

Name of Partners : Aminuddin Bin Abdul Aziz

Identity Card Members : 900424016697
Permanent Address : H1-10 Perumahan Polis Sri Temenggong, Jalan Taman
Sentosa, Bukit Baru, 75450, Melaka
Correspondence Address : No 17, Jalan KF4 Hang Tuah Jaya, Lingkaran Mitc,
75350 Melaka, Malaysia.
E-mail : amintebek@yahoo.com
Telephone Number : 0173882182
Date of Birth : 24th April 1990
Academic Qualification : Diploma in Business Leadership
Bachelor in Industrial Relations
Course Attended : Level 1 Award in Basic Construction Skills
Entrepreneur Talks
Skills : Leadership Skills
Good commands in English and Malay
Experiences : Manager in Econsave Sdn Bhd
2 year experience as Project Manager at H.O.P.E
Present Occupation : Chairman in Violet The Carpenter Company
 ADMINISTRATION MANAGER

Name of Partners : Siti Hadhila Binti Hamzah

Identity Card Members : 900902045100
Permanent Address : No 58 Taman Pegoh Baru, Jalan 4 (PS1118) Pulau
Sebang, Alor Gajah, Melaka.
Correspondence Address : No 17, Jalan KF4 Hang Tuah Jaya, Lingkaran Mitc,
75350 Melaka, Malaysia.
E-mail : sitihadhila@gmail.com.my
Telephone Number : 0129341174
Date of Birth : 2nd September 1990
Academic Qualification : Diploma and Bachelor in Business Administration
Degree Holder in Human Resources Management
Course Attended : Level 1 Award in Wood Operations
Human Resource by MARA and TEKUN
Skills : Creative and Critical Skills
Fast learner and Thinker
Experiences : 2 year experience in Industrial Relations
Working as Business Administration at Bagus Bakery
Present Occupation : Administration Manager in Violet The Carpenter
 MARKETING MANAGER

Name of Partners : Nor Aiennienatulnisa Binti Noor Azhar

Identity Card Members : 900913106714
Permanent Address : No 6, Jalan Karyawan Bestari, Puncak Bestari.
Correspondence Address : No 17, Jalan KF4 Hang Tuah Jaya, Lingkaran Mitc,
75350 Melaka, Malaysia.
E-mail : nishaienniena@gmail.com
Telephone Number : 01123288508
Date of Birth : 13th September 1990
Marital Status : Single
Academic Qualification : Diploma in Marketing with Multimedia
Bachelor in Marketing Management
Course Attended : Level 2 (NVQ) Certificate & Diploma in Wood
Occupations.
Marketing Course by MATRADE
Skills : Negotiation and persuasion skills
Good Communication Skills
Experiences : Salesgirl at Muhibah Sdn. Bhd.
Present Occupation : Marketing Manager in Violet The Carpenter
 OPERATIONAL MANAGER

Name of Partners : Nurul Farhana Binti Abdul Hadi

Identity Card Members : 900205105614
Permanent Address : No 43, Lorong Naluri Sukma 8/16, Bandar 42300
Puncak Alam, Selangor
Correspondence Address : No 17, Jalan KF4 Hang Tuah Jaya, Lingkaran Mitc,
75350 Melaka, Malaysia.
E-mail : farhana_hadi@yahoo.com
Telephone Number : 0129257087
Date of Birth : 5th February 1990
Academic Qualification : Diploma in Business Studies
Bachelor in Operation Management
Course Attended : Level 2 Diploma in Construction Crafts
(carpentry and joinery)
Entrepreneurship Course by MITI
Skills : Ability to work under pressure
Good Time Management
Experiences : Working as Operation Executive at BAGUS Bakery
Secretary at Sapura Group
Present Occupation : Operational Manager in Violet The Carpenter
 FINANCIAL MANAGER

Name of Partners : Amirul Asmaan Bin Ahmad Murad

Identity Card Members : 900307085299
Permanent Address : No 8, Jalan Desa Bestari 9, Desa Bestari, Salak
Tinggi, 43900 Sepang, Selangor.
Correspondence Address : No 17, Jalan KF4 Hang Tuah Jaya, Lingkaran Mitc,
75350 Melaka, Malaysia.
E-mail : amirulasmaan@gmail.com
Telephone Number : 0146640415
Date of Birth : 7th March 1990
Academic Qualification : Diploma in Financial Strategy
Bachelor In Financial Studies
Course Attended : Level 2 Diploma in Site Carpentry
Financial Training at Bank Negara Malaysia
Skills : Teamwork Skills
Creative and Innovative Thinker
Experiences : Accountant at Bank Nasional
3 years experience in CIMB Bank
Present Occupation : Operational Manager in Violet The Carpenter
 1. ORGANIZATIONAL CHART

General
Manager

Administration Marketing Operational Financial

Manager Manager Manager Manager
 2. LIST OF ADMINISTRATION PERSONNEL

POSITION NO OF PERSONNEL

General Manager 1

Administration Manager 1

Marketing Manager 1

Operational Manager 1

Financial Manager 1

TOTAL 5
 3. SCHEDULE OF REMUNERATION

POSITION QUANTITY MONTHLY EPF (13%) SOCSO TOTAL

(UNIT) SALARY (RM) (1.75%) (RM)
(RM) (RM)

General 1 2,500 325 43.75 2,868.75

Manager
Administration 1 2,000 260 35 2,295
Manager
Marketing 1 2,000 260 35 2,295
Manager
Operational 1 2,000 260 35 2,295
Manager
Financial 1 2,000 260 35 2,295
Manager
Total 5 10,500 1,365 183.75 12,048.75
 4. ADMINISTRATION BUDGET

PARTICULAR FIXED ASSET MONTHLY OTHER TOTAL (RM)

Furniture and Fitting 12,400 12,400
Office Renovation 12,000 12,000
Vehicle 10,000 10,000
Salaries, EPF & SOCSO 12,049 12,049
Utilities 570 570
Office Rental 4,000 4,000
Office Supplies 167 167
Petrol 500 500
Deposit 12,000 12,000
Registration & License 500 500
Insurance & Road Tax 800 800
Other Expenses - -
Total 34,400 17,286 13,300 64,986
1. PRODUCT DESCRIPTION
 We provide a multi-purpose furniture based on palette woods.
 Palette woods are easily accessible.
 We customise the customer’s design according to their request.

2. TARGET MARKET
The target market for our product is adults and family.
 Adults - The adults who want to get married usually want something
that they could afford.
 Family – The children grow up and they always need new things, so we
providing a multi-purpose furniture to save the spaces in the house.
3. MARKET SIZE
 Market size is total potential purchase that is expected from the target
market.
 Sales per year: RM2,176,560
 The total of market size is RM181,380 per month.

4. COMPETITORS
The similarity between our company and the competitors are we are
producing the furniture:
• Ikea
• Benithem Sdn. Bhd
• Lorenzo
 5. MARKET SHARE

COMPANY BEFORE (%) AFTER (%)

IKEA 50 45

Benithem Sdn. Bhd 30 25

Lorenzo 20 20

Violet The Carpenter - 10

 6. SALES FORECAST
YEAR MONTH SALES TARGET SALES

2016 January RM150,500

February RM210,410 Chinese New Year

March RM120,200

April RM190,000

May RM110,100

June RM180,400

July RM220,100 Eid Mubarak Day

August RM113,220

September RM120,600

October RM185,100

November RM120,100 School Breaks

December RM455,380 School Breaks & Weddings

TOTAL RM2,176,560
 7. MARKETING STRATEGY

 PRODUCT: 3-in-1 Furniture

We promote the product using branding, quality and after sales services.

 PRICE: RM 300
1. Discount Pricing
Discount pricing is for those who is order more than one product or for
those is paying using full payment.

2. Promotional Pricing
The first month which is January and the last month of the year which is
December to be the months for our promotional pricing.
 7. MARKETING STRATEGY

 PROMOTION
I. Twitter/Facebook
II. Flyers
III. Newspaper

Name of the Media Rate Per Day Per Line

Furniture 9.75
Travel Guide 9.75

IV. Magazine
Home Decor is a decor magazine that prides itself in making stylish
Living easy.
 8. MARKETING BUDGET

Particulars F.Assets Monthly Others Total

Fixed Assets
Flyers and business card 500 500
Signboard 3200 3200
Working Capital
Flyers 400 400
Magazine 2,000 2,000
Newspaper 1,488 1,488
Other Requirements
Deposit - -
Registration & Licences - -
Insurance & Road Tax - -
Other Expenses - -
Total 3,700 3,888 - 7,588
 1. OPERATION PROCESS
Identify the palette woods and equipment needed in order to
produce the products.
Identify the suppliers which can provide the palette woods and
equipment .
Take the palette woods and other equipment from the supplier.

Check the quantity and quality of products and equipment .

Chopping the palette woods according to the measurement required

and based on the design provided.

Combine all the palette woods based on the design prepared by drill it
with the nails.

Polish the palette woods and eliminate the unwanted things after the
palette woods have been combined altogether.

Paint the palette wood with the colour requested.

Process done and the finished product is being stored.

 2. CAPACITY PLANNING

 The main objective of production schedule is to ensure that the quantity

of production is enough to fulfil expected market demand or sale forecast
over the scheduled period.

Example of calculation of output :

 Average Sales Forecast Per Month : RM181,380
 Price Per Unit : RM300
 Number of output per month : 605 output
 If the number of working days per month is 26 days.
The amount of output to be produced per day is:
 605 output
26 days
 23 output per day
 3. LIST OF OPERATION PERSONNEL

Position No of Personnel

Drilling Operator 4

Cutter Operator 3

Sander Operator 2
 4. SCHEDULE OF REMUNERATION

Position No. Monthly EPF SOSCO Total

Salaries (RM) (13 %) ( 1.75 % ) ( RM)

Operation 2,000 260 35 2,295

Manager 1

Drilling Operator 4 1,200 156 21 5,508

Cutter 3 1,150 149.50 20.13 3,958.89

Operator
Sander Operator 2 1,250 162.50 21.88 2,868.76

TOTAL RM
14,630.65
 5. OPERATION OVERHEAD

No. Types of Overhead Monthly (RM)

1 Water 500

2 Electricity 1000

3 Telephone Bill 350

4 Machine Maintenance 800

5 Cleaner 200

6 Rental 3000

TOTAL RM 5850
 6. OPERATION BUDGET
Particulars Fixed assets Monthly (RM) Others (RM) TOTAL (RM)
(RM)
Fixed Assets
Machinery & Equipments 10,650 10,650

Delivery Lorry 10,000 10,000

Working Capital
Purchase of Materials 3,519 3,519

Carriage Inwards & Duties 2,000 2,000

Salaries, EPF & SOCSO 14,630.65 14,630.65

Utilities 1,850 1,850

Machine Maintenance 800 800

Other Requirement
Deposit - -
Registration & Licences 300 300

Insurance & Road Tax 2,400 2,400

Other Expenses - -
TOTAL 20,650 23,299.65 2,700 46,649
7. OPERATION BUDGET
 VIOLET THE CARPENTER
PROJECT IMPLEMENTATION COST & SOURCES OF FINANCE
Project Implementation Cost Sources of Finance
Requirements Cost Loan Hire-Purchase Own Contribution

Existing F. Assets
Fixed Assets Cash
Land & Building -
furniture and fittings 12,400 - 5,900 6,500 -
office renovation 12,000 - - 12,000 -
vehicle 10,000 - - - 10,000

Flyers and business card 500 - - 500 -

Signboard 3,200 - - 3,200 -

Machinery and Equipment 10,650 10,650 - - -

Delivery Lorry 10,000 - 10,000 - -

Working Capital 1 months

Administrative 17,286 7,286 - 10,000 -
Marketing 3,888 - - 3,888 -
Operations 23,300 18,300 - 5,000 -

Pre-Operations & Other Expenditure 16,000 10,000 - 6,000 -

Contingencies 2% 2,348 2,348 - - -

TOTAL 121,608 48,620 15,900 47,088 10,000

 VIOLET THE CARPENTER
PRO FORMA CASH FLOW STATEMENT

MONTHPre-Operations 1 2 3 4 5 6 7 8 9 10 11 12 TOTAL YR 1 YEAR 2 YEAR 3

CASH INFLOW
Capital (Cash) 47,088 47,088
Loan 48,620 48,620
Cash Sales 150,500 210,410 120,200 190,000 110,100 180,400 220,100 113,220 120,600 185,100 120,100 455,830 2,176,560 2,328,919 2,561,811
Collection of Accounts Receivable
TOTAL CASH INFLOW 95,708 150,500 210,410 120,200 190,000 110,100 180,400 220,100 113,220 120,600 185,100 120,100 455,830 2,272,268 2,328,919 2,561,811

CASH OUTFLOW
Administrative Expenditure
Salaries+EPF+SOCSO 12,049 12,049 12,049 12,049 12,049 12,049 12,049 12,049 12,049 12,049 12,049 12,049 144,588 144,588 144,588
Utilities 570 570 570 570 570 570 570 570 570 570 570 570 6,840 6,840 6,840
office rental 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 48,000 48,000 48,000
office supplies 167 167 167 167 167 167 167 167 167 167 167 167 2,004 2,004 2,004
Petrol 500 500 500 500 500 500 500 500 500 500 500 500 6,000 6,000 6,000

Marketing Expenditure
Flyers 400 400 400 400 400 400 400 400 400 400 400 400 4,800 4,800 4,800
Mgazine 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 24,000 24,000 24,000
Newspaper 1,488 1,488 1,488 1,488 1,488 1,488 1,488 1,488 1,488 1,488 1,488 1,488 17,856 17,856 17,856

Operations Expenditure
Cash Purchase
Payment of Account Payable 3,519 17,534 10,017 15,833 9,166 15,033 18,342 9,435 10,050 15,425 10,008 134,362 172,348 194,073
Carriage Inward & Duty 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 24,000 24,000 24,000
Salaries, EPF & SOCSO 14,631 14,631 14,631 14,631 14,631 14,631 14,631 14,631 14,631 14,631 14,631 14,631 175,568 175,568 175,568
Machine maintenance 800 800 800 800 800 800 800 800 800 800 800 800 9,600 9,600 9,600
Petrol 500 500 500 500 500 500 500 500 500 500 500 500 6,000 6,000 6,000
utilities 1,850 1,850 1,850 1,850 1,850 1,850 1,850 1,850 1,850 1,850 1,850 1,850 22,200 22,200 22,200

Other Expenditure
Pre-Operations
Deposit (rent, utilities, etc.) 12,000 12,000
Business Registration & Licences 800 800
Insurance & Road Tax for Motor
Vehicle 3,200 3,200 3,200 3,200
Other Pre-Operations Expenditure
Fixed Assets
Purchase of Fixed Assets - Land
& Building
Purchase of Fixed Assets - Others 26,350 26,350
Hire-Purchase Down Payment 6,500 6,500
Hire-Purchase Repayment:
Principal 265 265 265 265 265 265 265 265 265 265 265 265 3,180 3,180 3,180
Interest 66 66 66 66 66 66 66 66 66 66 66 66 795 795 795
Loan Repayment:
Principal 810 810 810 810 810 810 810 810 810 810 810 810 9,724 9,724 9,724
Interest 203 203 203 203 203 203 203 203 203 203 203 203 2,431 1,945 1,459
Tax Payable 0 0 0 0
TOTAL CASH OUTFLOW 48,850 42,299 45,818 59,833 52,316 58,132 51,465 57,332 60,641 51,734 52,349 57,724 52,307 690,798 682,648 703,886
CASH SURPLUS (DEFICIT) 46,858 108,201 164,592 60,367 137,684 51,968 128,935 162,768 52,579 68,866 132,751 62,376 403,523 1,581,470 1,646,271 1,857,925
BEGINNING CASH BALANCE 46,858 155,059 319,651 380,019 517,703 569,671 698,606 861,374 913,954 982,820 1,115,571 1,177,947 1,581,470 3,227,742
ENDING CASH BALANCE 46,858 155,059 319,651 380,019 517,703 569,671 698,606 861,374 913,954 982,820 1,115,571 1,177,947 1,581,470 1,581,470 3,227,742 5,085,666
 DEPRECIATION OF FIXED ASSETS

Fixed Asset office renovation

Fixed Asse
Cost (RM) 12,000
t furniture and fittings
Cost (RM) 12,400 Method Straight Line
Method Straight Line Economic Life (yrs) 5
Economic Life (yrs) 5 Annual Accumulated
Annual Accumulated Year Depreciation Depreciation Book Value
Year Depreciation Depreciation Book Value
0 - - 12,000
0 - - 12,400
1 2,480 2,480 9,920 1 2,400 2,400 9,600
2 2,480 4,960 7,440 2 2,400 4,800 7,200
3 2,480 7,440 4,960 3 2,400 7,200 4,800
4 2,480 9,920 2,480
4 2,400 9,600 2,400
5 2,480 12,400 -
5 2,400 12,000 -
6 0 0 -
7 0 0 - 6 0 0 -
8 0 0 - 7 0 0 -
9 0 0 - 8 0 0 -
10 0 0 -
9 0 0 -
10 0 0 -
Fixed Asset vehicle Fixed Asset Flyers and business card
Cost (RM) 10,000 Cost (RM) 500

Method Straight Line Method Straight Line

Economic Life Economic Life (yrs) 5
(yrs) 5
Annual Accumulated
Annual Accumulated Year Depreciation Depreciation Book Value
0 - - 500
Year Depreciation Depreciation Book Value
0 - - 10,000 1 100 100 400

1 2,000 2,000 8,000 2 100 200 300

2 2,000 4,000 6,000 3 100 300 200
3 2,000 6,000 4,000 4 100 400 100
4 2,000 8,000 2,000
5 100 500 -
5 2,000 10,000 -
6 0 0 -
6 0 0 -
7 0 0 -
7 0 0 -
8 0 0 - 8 0 0 -

9 0 0 - 9 0 0 -
10 0 0 - 10 0 0 -
Fixed Asset Machinery and Equipment
Cost (RM) 10,650
Method Straight Line
Economic Life (yrs) 5
Annual Accumulated Fixed Asset Delivery Lorry
Year Depreciation Depreciation Book Value Cost (RM) 10,000
0 - - 10,650
Method Straight Line
1 2,130 2,130 8,520
2 2,130 4,260 6,390 Economic Life (yrs) 5
3 2,130 6,390 4,260
Annual Accumulated
4 2,130 8,520 2,130
5 2,130 10,650 - Year Depreciation Depreciation Book Value
6 0 0 -
0 - - 10,000
7 0 0 -
8 0 0 - 1 2,000 2,000 8,000
9 0 0 -
2 2,000 4,000 6,000
10 0 0 -
3 2,000 6,000 4,000
Fixed Asset Signboard 4 2,000 8,000 2,000
Cost (RM) 3,200
5 2,000 10,000 -
Method Straight Line
Economic Life (yrs) 5 6 0 0 -
Annual Accumulated
7 0 0 -
Year Depreciation Depreciation Book Value
0 - - 3,200 8 0 0 -
1 640 640 2,560 9 0 0 -
2 640 1,280 1,920
3 640 1,920 1,280 10 0 0 -
4 640 2,560 640
5 640 3,200 -
6 0 0 -
7 0 0 -
8 0 0 -
9 0 0 -
10 0 0 -
LOAN & HIRE-PURCHASE AMMORTISATION SCHEDULE

HIRE-PURCHASE REPAYMENT SCHEDULE

LOAN REPAYMENT SCHEDULE
Amount 15,900
Amount 48,620
Interest Rate 5%
Interest Rate 5%
Duration
Duration (yrs) 5
(yrs) 5
Method Baki Tahunan

Total Principal
Principal
Year Principal Interest Payment Balance
Year Principal Interest Total Payment Balance
0 - - 48,620
0 - - 15,900
1 9,724 2,431 12,155 38,896
1 3,180 795 3,975 12,720
2 9,724 1,945 11,669 29,172
2 3,180 795 3,975 9,540
3 9,724 1,459 11,183 19,448
3 3,180 795 3,975 6,360
4 9,724 972 10,696 9,724
4 3,180 795 3,975 3,180
5 9,724 486 10,210 -
5 3,180 795 3,975 -
6 0 0- -
6 0 0 - -
7 0 0- -
7 0 0 - -
8 0 0- -
 INCOME STATEMENT
VIOLET THE CARPENTER
PRO-FORMA INCOME STATEMENT

Year 1 Year 2 Year 3

Sales 2,176,560 2,328,919 2,561,811
Less: Cost of Sales
Opening stock 0 0 0
Purchases 172,348 194,073 213,480
Less: Ending Stock 0 0 0
Carriage Inward & Duty 24,000 24,000 24,000
196,348 218,073 237,480
Gross Profit 1,980,212 2,110,846 2,324,331

Less: Enpenditure
Administrative Expenditure 207,432 207,432 207,432
Marketing Expenditure 46,656 46,656 46,656
Other Expenditure 0 0 0
Business Registration & Licences 800
Insurance & Road Tax for Motor Vehicle 3,200 3,200 3,200
Other Pre-Operations Expenditure 0 0 0
Interest on Hire-Purchase 795 795 795
Interest on Loan 2,431 1,945 1,459
Depreciation of Fixed Assets 11,750 11,750 11,750
Operations Expenditure 213,368 213,368 213,368
Total Expenditure 486,432 485,146 484,659
Net Profit Before Tax 1,493,780 1,625,700 1,839,672
Tax 0 0 0
Net Profit After Tax 1,493,780 1,625,700 1,839,672
Accumulated Net Profit 1,493,780 3,119,481 4,959,152
 BALANCE SHEET PROFORMA

VIOLET THE CARPENTER

PRO-FORMA BALANCE SHEET

Year 1 Year 2 Year 3

ASSETS

Non-Current Assets (Book Value)

Land & Building 0 0 0
furniture and fittings 9,920 7,440 4,960
office renovation 9,600 7,200 4,800
vehicle 8,000 6,000 4,000
0 0 0 0
Flyers and business card 400 300 200
Signboard 2,560 1,920 1,280
0 0 0 0
0 0 0 0
Machinery and Equipment 8,520 6,390 4,260
Delivery Lorry 8,000 6,000 4,000
0 0 0 0
0 0 0 0
Other Assets
Deposit 12,000 12,000 12,000

59,000 47,250 35,500

Current Assets
Stock of Raw Materials 0 0 0
Stock of Finished Goods 0 0 0
Accounts Receivable 0 0 0
Cash Balance 1,581,470 3,227,742 5,085,666
1,581,470 3,227,742 5,085,666

TOTAL ASSETS 1,640,470 3,274,992 5,121,166

Owners' Equity
Capital 57,088 57,088 57,088
Accumulated Profit 1,493,780 3,119,481 4,959,152
1,550,868 3,176,569 5,016,240
Long-Term Liabilities
Loan Balance 38,896 29,172 19,448
Hire-Purchase Balance 12,720 9,540 6,360
51,616 38,712 25,808
Current Liabilities
Accounts Payable 37,986 59,711 79,118

TOTAL EQUITY &

1,640,470 3,274,992 5,121,166
LIABILITIES