CASH FLOW PROJECTION

FURNITURE ELEGANCE LTD

Starting date 30/06/2018

Cash balance alert minimum ### $2,500,000.00 $2,500,000.00 $2,500,000.00 $2,500,000.00 $2,500,000.00 $2,500,000.00 $2,500,000.00 $2,500,000.00 $2,500,000.00 $2,500,000.00 $2,500,000.00 $2,500,000.00

Beginning 01/06/2018 ### ### ### ### ### ### 01/01/2019 01/02/2019 01/03/2019 01/04/2019 01/05/2019 Total
Cash on hand (beginning of mon 3,845,000.00 3,845,000 ### ### ### ### ### ### 68,705,399 78,863,934 89,562,335 ### ###
Cash on hand (end of month) 3,845,000.00 14,738,710 ### ### ### ### ### ### 78,863,934 89,562,335 ### ### ###

CASH RECEIPTS Beginning 1 2 3 4 5 6 7 8 9 10 11 12 Total

Cash sales 29,682,547 19,736,008 19,736,008 19,736,008 22,945,379 22,945,379 22,945,379 26,899,892 26,899,892 26,899,892 29,682,547 29,682,547 297,791,479
Collections on accounts receivable 4,989,494 5,936,509 3,947,202 3,947,202 3,947,202 4,589,076 4,589,076 4,589,076 5,379,978 5,379,978 5,379,978 5,936,509 58,611,281
Interest, other income - - 450,000 - - 350,000 - - - - - - 800,000
Gross Receipts from hotel 6,336,000 6,336,000 6,336,000 6,336,000 6,336,000 6,336,000 6,336,000 6,336,000 6,336,000 6,336,000 6,336,000 6,336,000 76,032,000
TOTAL CASH RECEIPTS 41,008,041 32,008,518 30,469,210 30,019,210 33,228,581 34,220,455 33,870,455 37,824,967 38,615,870 38,615,870 41,398,525 41,955,057 433,234,759
Total cash available 3,845,000.00 44,853,041 46,747,228 53,860,376 61,667,546 72,756,822 82,032,938 93,261,076 106,530,366 117,479,804 128,178,205 144,598,635 156,359,151

CASH PAID OUT Beginning 1 2 3 4 5 6 7 8 9 10 11 12 Total

Advertising 838,000 688,000 838,000 688,000 1,138,000 988,000 688,000 688,000 788,000 688,000 838,000 838,000 9,706,000
Commissions and fees 309,755 309,755 309,755 365,408 365,408 365,408 166,477 166,477 166,477 230,664 230,664 230,664 3,216,910
Shipping 6,709,040 4,967,632 4,582,701 4,582,701 5,203,714 5,327,917 5,327,917 6,093,115 6,246,155 6,246,155 6,784,599 6,892,287 68,963,934
Staff welfare 109,750 159,750 109,750 139,750 109,750 141,750 109,750 109,750 139,750 109,750 109,750 297,750 1,647,000
Insurance (other than health) - 185,032 - - 123,600 - 28,500 - - 354,100 - - 691,232
Interest expense 10,815 10,001 9,843 9,350 8,852 8,078 7,581 7,314 6,792 5,657 5,720 5,012 95,015
Materials and supplies (in COGS) 59,365 39,472 39,472 39,472 45,891 45,891 45,891 53,800 53,800 53,800 59,365 59,365 595,583
Meals and entertainment 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 180,000
Mortgage interest 1,337,671 1,283,225 1,313,679 1,301,721 1,248,020 1,276,882 1,223,697 1,251,459 1,158,841 1,185,447 1,211,479 1,159,651 14,951,772
Office expense 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 180,000
Laundry 45,000 45,000 45,000 45,000 45,000 45,000 45,000 45,000 45,000 45,000 45,000 45,000 540,000
Carriage Outwards 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 960,000
Purchases for resale 15,602,419 11,552,633 10,657,444 10,657,444 12,101,661 12,390,505 12,390,505 14,170,035 14,525,941 14,525,941 15,778,136 16,028,575 160,381,242
Rent or lease 1,591,293 1,591,293 1,591,293 1,591,293 1,591,293 1,591,293 1,591,293 1,591,293 1,591,293 1,591,293 1,591,293 1,591,293 19,095,517
Motor Vehicle expenses 55,000 55,000 55,000 55,000 55,000 55,000 55,000 55,000 55,000 55,000 55,000 55,000 660,000
Repairs and maintenance 7,690 29,477 46,782 63,297 79,056 95,625 118,781 137,411 157,728 179,125 206,400 228,808 1,350,181
Supplies (not in COGS) 126,720 126,720 126,720 126,720 126,720 126,720 126,720 126,720 126,720 126,720 126,720 126,720 1,520,640
Taxes and licenses 2,252,821 1,309,340 1,452,570 1,452,570 1,734,995 1,688,780 1,688,780 2,201,777 1,979,832 1,979,832 2,224,706 2,340,635 22,306,638
Travel 231,000 231,000 231,000 231,000 231,000 231,000 231,000 231,000 231,000 231,000 231,000 231,000 2,772,000
Utilities 190,333 190,333 190,333 190,333 190,333 190,333 190,333 190,333 190,333 190,333 190,333 190,333 2,284,000
Staff cost 1,179,800 1,179,800 1,179,800 1,179,800 1,179,800 1,179,800 1,179,800 1,179,800 1,179,800 1,179,800 1,179,800 1,179,800 14,157,600
Security 116,000 116,000 116,000 116,000 116,000 116,000 116,000 116,000 116,000 116,000 116,000 116,000 1,392,000
Miscellaneous 254,000 254,000 254,000 254,000 254,000 254,000 254,000 254,000 254,000 254,000 254,000 254,000 3,048,000
SUBTOTAL 31,136,471 24,433,464 23,259,143 23,198,860 26,058,094 26,227,982 25,695,025 28,778,284 29,122,462 29,457,617 31,347,966 31,979,895 330,695,263
Loan principal payment 5954/2017 40,456 41,271 41,427 41,921 42,419 43,192 43,690 43,956 44,479 45,614 45,550 46,259 520,234
Capital purchases - - - - - 2,500,000 - - - 3,300,000 - - 5,800,000
Loan principal payment 1426/2017 981,684 1,036,131 1,005,676 1,017,634 1,071,335 1,042,473 1,095,658 1,067,896 1,160,514 1,133,908 1,107,876 1,159,704 12,880,489
TOTAL CASH PAID OUT 30,114,331 23,356,062 22,212,040 22,139,305 24,944,340 22,642,317 24,555,677 27,666,432 27,917,469 24,978,095 30,194,540 30,773,932 311,494,540
Cash on hand (end of month) 3,845,000.00 14,738,710 23,391,166 31,648,336 39,528,241 47,812,482 59,390,621 68,705,399 78,863,934 89,562,335 103,200,109 114,404,095 125,585,219

OTHER OPERATING DATA Beginning 1 2 3 4 5 6 7 8 9 10 11 12 Total

Sales volume (dollars) 433,235,759.00 -
Accounts receivable balance 56,500,400.00 -
Bad debt balance -
Inventory on hand 95,500,400.00 -
Accounts payable balance 25,600,800.00 -
Depreciation -

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