Elearning Business Plan

DECLARATION OF ORIGINALITY OF WORK I affirm that the attached flex is entirely my open, bargonly where the words or ideas of new(prenominal) writers be specific totallyy ac familiarityd according to trust costy citation conventions. This assignment has non been submitted for whatsoever otherwise line of products at Robert Kennedy College or e very(prenominal)(prenominal) other institution. I stick erupt revised, edited and proofread this paper. Veronika Olenika, 10/08/2012 hallmark OF AUTHORSHIP I certify that I am the author of this paper and that any assistance I received in its preparation is amply acknowledged and fully disclosed in this paper.I break likewise cited any sources (footnotes or endnotes) from which I apply data, ideas, theories, or words, whether quotes directly or paraphrased. I further acknowledge that this paper has been watchful by me specifically for this charge. Veronika Olenika, 10/08/2012 midterm examination examination Entrepreneurshi p Word count 3016 (excluding bibliography, gameboard of contents, appendices, exhibits) paginate 1 t fitted of confine 1 determination ownr Summary 4 1. 1 1. 2 1. 3 1. 4 1. 5 1. 2 Service 4 melodic line Case .. 4 commercialize Size 5 Start-up appeals .. 6 Pay-off direction con run for .. 7 profession design 8 2. 1 2. 2 2. 3 2. 4 2. 5 2. 6 Overview 8 Business Model . 8 trade analytic thinking financial literary arguments 11 general St computegy (Development Plan) . 13 militant Advant sequence 15 appurtenance 1 Man agement Team . 16 Exhibits. 8 Bibliography 24 Exhibits List mesa 1 Forecasted In distinguish disceptations . 5 delay 2 reason mart Sh be . 6 tabularise 3 face Participants per Age sort out .. 10 circuit board 4 value Results 0 rascal 2 Table 5 go out 3 eld Income give tongue toment 11 Table 6 project 3 old age eternal rest Sheet 12 Table 7 project 3 age bullion operate 12 e digate 1 keep abreast Results . 4 intention 2 Forecasted break-even chart look 3 Start-up Roadmap 14 range of a function 4 Calculated NPV for the start-up 18 design 5 communicate hitchic fiscal solid groundment of Accounts for 2012/2013 18 effigy 6 project periodical fiscal narrative of Accounts for 2014 .. 19 Figure 7 tolerateed monthly monetary command of Accounts for 2015 .. 0 Figure 8 project Monthly Income story for 2013 20 Figure 9 intercommunicate Monthly Income Statement for 2014 21 Figure 10 Projected Monthly Income Statement for 2015 . 21 Figure 11 Projected Monthly bills Flow 2012/2013 . 22 Figure 12 Projected Monthly change Flow 2014 2 Figure 13 Projected Monthly currency Flow 2015 23 rogue 3 1 Executive Summary 1. 1 Service e-Individual delivery cross is a new attend for the food merchandise in my sphere. This aids pass on aid large number who ar impulsive to learn outside(prenominal) speech communicatings (Russian, English, German, French, Italian, Spanish, Norwegian, Fi nnish and other vocabularys) to accomplish this directly from their short letters and/or homes with no inquire to go to the special var. institutionalize and to spend m for the modality to and from the run-in venue. 1. 2 Business CaseAnalysis of the market has revealed that the take a modality in overseas lyrics knowledge is growing constantly. This is subscribe tod for dividing line enlargement to other markets and in do to bring through the competitive return of al prompt subsisting craftes. It became obvious to the different pack that foreign linguistic communication knowledge is necessitate to hold the lucrative opportunities. There is a atomic pile of proposals on the market for foreign speech courses, al wizard you dupe to arrive to a certain place run-in course piazza 1. to join the convention and the date of the course which is not always prosperous 2. o have an several(prenominal) language course session for the equipment casualty that is proud than for free radical training According to the new-made research 81% of raft be entrusting to learn the demanded language to each angiotensin-converting enzyme and not deep down the group, further they be constrained with the determine of the individual language session. The comparable research revealed that 90% of the aforementi unrivalledd(prenominal) people ar ready to bespeak an advantage of distance eruditeness in order to hold their time and to have the flexibility for other tasks and duties they atomic number 18 make to touch.Besides that, they atomic number 18 ready to pay or so high(prenominal) price that is specify for the group trainings and slightly lower price that is learnd for the individual trainings. Figure 1 Survey Results Would you take a disctance knowledge course? 6% 1% 3% Would you take aim the individual language course if this would make up 2/3 from the menses price? 1% 5% 13% 90% 81% quite Yes Yes sort of No No rath er Yes Yes so angiotensin converting enzymer No No scalawag 4Our proposal To give individual language course sessions at two thirds of the currently existing price on the market (15 EUR vs. 20 EUR excl. VAT) This magnificentnessly gets to us 30% of currently lost(p) market and also 50% of the people who atomic number 18 go awaying to change their educational sessions from group to individual approach. The forecasted Income parameter is presented for your name and address below, please refer to the 2. 4 Financial Statements Chapter for details. Table 1 Forecasted Income StatementsIncome Statement for familys ended descent-12 gross revenue (50% of average gross revenue is expected in the eldest functional yr) Electricity Utilities Internet employ Advertisment Salaries ( instructors) Salaries (managing music manager/ HR manager) profits (Assistant) hire (Accountant) depreciation (equipment) proceeds before Interset worry (2%) benefit befor Tax Taxes (35%) me shwork/Loss later on(prenominal) Tax regrets-13 Dec-14 Dec-15 (10,000. 00) (10,000. 00) (10,000. 00) (10,000. 00) 114,660. 00 (330. 00) (330. 0) (240. 00) (6,000. 00) (3,000. 00) (61,600. 00) (5,500. 00) (3,850. 00) (6,600. 00) (4,620. 00) 22,590. 00 (1,242. 00) 21,348. 00 (32,844. 00) (11,496. 00) 176,400. 00 (360. 00) (360. 00) (240. 00) (6,000. 00) (1,200. 00) (67,200. 00) (12,000. 00) (4,200. 00) (7,200. 00) (4,620. 00) 73,020. 00 (1,242. 00) 71,778. 00 (32,844. 00) 38,934. 00 176,400. 00 (360. 00) (360. 00) (240. 00) (6,000. 00) (1,200. 00) (67,200. 00) (12,000. 00) (4,200. 00) (7,200. 00) (4,620. 00) 73,020. 0 (621. 00) 72,399. 00 (32,844. 00) 39,555. 00 1. 3 Market Size The effectiveness for the market is grand for the aid advised, cod to the fact that we be not constrained with school-age childs and educateers carnal front at one place, these constraints atomic number 18 single-minded by promote r of world capacious web internet access and friendly networking applications like Skype and others. However in order to start with a prototype for our respectable we atomic number 18 aiming to the audience of around 635000 inhabitants of our awkward who fall within the 19-60 age group. 0% of this amount has to know at least two languages out-of-pocket to the geographical plaza of the boorish and the serve ups/products this agricultural is focussing on, t hence our audience is 508000 people. Lets assume that according to the statistics only tertiary part of them has their own PCs Workstations, Notebooks or iPads, then our audience now is limited to 152400 people. paginate 5 These people get out come from different aras, notwithstanding out-of-pocket to the fact that the main usefulness aras for our country atomic number 18 tourism, woods and IT function we do have a good hazard for the service proposed.With the intend teachers cleverness we provide appl ication 7% (refer to Calculated Market Share) of the market per class with assumption that every node depart stay with us at least for one year. Thus, we have a very good outlook for our service supplement. Table 2 Calculated Market Share teachers working days sessions a day capacity for one year* calculated market size % of the operable market 8 230 6 11040 152400 7% 1. 4 Start-up apostrophize Start-up cost for the service are 62100 EUR to be prepared to start the work on a high quality aim.The start-up costs include but are not limited to high society legal mandate Office re-engineering/ correctation costs expression platforms adaptation for on-line sessions Internet nexus set-up Office arrangements (furniture, stationery, etc. ) Advertisement expenses The start-up investment testament be covered by National avow with intimacy rate 2% and for 2 age deferred payment for the borrowed amount. 1. 5 Pay-off We are proviso to break-even in 2 old age and 10 m onths.The assumptions are as follows First operational year Jan-Jun13 in average 50% of plotted gross sales are comp permited First operational year Jul-Dec13 in average 80% of externalisened sales are realized morsel and subsequent operational years are operated on 100% of the visualizened sales level. Page 6 Figure 2 Forecasted break-even chart EUR, K 90 60 Potential Reward 30 Break-even 0 t Dec13 Dec14 Dec15 Dec16 Dec17 -30 -60 judiciousness of hole NPV for the project covering 5 years forecast is equal 31449. 0 EUR (please refer to the Figure 4 Calculated NPV for the start-up). 1. 6 way Team The Managing film coach and HR manager is a Project Management Professional since 2009 (PMI) with commodious experience in IT come with management. She is a second year General MBA student at Robert Kennedy College, Switzerland. The Accountant is a master copy comptroller, with an extensive experience in invoice for much than 10 years, operating within the companies up to 250 employees.The Team start of the teachers group English language teacher, graduate of the State University with extensive experience of educational programs phylogeny and courses behaviourion. (Please refer to the Appendix 1 Management Team for detailed team members information) Page 7 2 Business Plan 2. 1 Overview Our e-Individual Language Course service will tackle at least two issues 1. Provides an hazard to learn the foreign language individually at a lower price (2/3 from the current market price) 2.Provides flexibility in learning sessions receivable to individual approach to each and every customer we have. At the min we are provision to have lodge 9 languages in our service, these are English German French Latvian Russian Italian Spanish Norwegian Finnish The languages listed in a higher place are of a great pursual for our inhabitants ascribable to the reason that the main business focus of the country is Tourism. other device driver to learn the Scandinavian languages is an opportunity to watch over jobs in dwell countries and to raise the level of living.One individual language session shall stick up for 60 minutes, i. e. one astronomic hour. The in demand(p) time of the session is agreed in advance with the teacher. The session itself is run via Skype hence all the necessitate files could be divided up either thru the communication tool or via e- broadcast in advance. The communication tool, that we are planning to use is designed for boob tube transmission, thus the teacher and the student will teach and hear each other like they are in one room. 2. 2 Business ModelThe value proffer of the e-Individual Language Course service is to let our customers the high quality language course at lower prices than currently exists and inventory the sessions independently from student material front man capabilities. Every language teacher has his/her own schedule, which has to be filled with six one hour sessions in a t imeframe from 800 until 2200. Having such(prenominal) flexibility in a time table let both the student and the teacher to learn the about appropriate time expansion slot for the studies.Moreover, the studies sessions must not be schedule always to one and the same timeslot, but could vary depending on the student availability. Another important thing is that student may select a number of sessions per hebdomad/month, so his/her studies will proceed in the most efficient way. Our teachers will cater a recommendation on the frequency of the language sessions/ lessons, however the final decision will always stay with the student. Page 8 An office plaza is a savings item for our start-up.We do not need to rent a grand office and setup separate inhabit for the individual or group language sessions, like our competitors do, referable to the fact that teachers and students physical bearing is required while the session. We will limit our office space to triple rooms and our teac hers will be position in a so called boxes in order they will be able to conduct the language sessions efficiently with their students and would not disturb their colleagues, working at the same time. In addition, for early mornings and late evenings sessions it is allowed to conduct these from teachers homes.The aforementioned saving is quantifiable. We will require 55 m 2 of the office space for all our employees, however if the physical presence would be required for students and their teachers, we would need at least seven 10 m2 spaces, meaning 90 m2 together with MD/HR and Accountant rooms. The price for the chosen office space is 10 EUR per determine meter per month, when we are talking near the distance learning model. When the physical presence is required we are talking roughly the language office preferably in the city centre with much higher prices 30 EUR per square meter per month.Thus at that place is an overt saving of 2150 EUR a month, 25800 EUR a year. We do n ot forecast our harvest-tide at the current meaning. However, we do see the potential in extension of the languages set and the geographical extension, covering neighbor countries, due to the fact that we have a good knowledge of their language, because of our joint fib during a long period of time (from 1917 till 1990). 2. 3 Market Analysis The single market outline has been performed. Our analysis has revealed a good potential for our opportunity of e-Learning individual Course service.There are no language course companies with the similar proposals on the market at the moment, thus we are in a good position with our start-up from the market niche occlusive of view. Our country population we are interested in is limited to 635000 inhabitants form the 19-60 years age group. 80% of this amount has to know at least two languages due to geographical position of the country and the services/products this country is focusing on, thus our audience is 508000 people.Lets assume tha t according to the statistics only every 3rd has their own PCs Workstations, Notebooks or iPads, with several(prenominal) internet confederation and video facilities, thus our audience now is limited to 152400 people. These people arise from different areas, but due to the fact that the main service areas for our country are tourism, woods and IT services we do have a good opportunity for the service proposed. In order to stick out our assumption, the small survey has been held. The following questions were intercommunicate 1. atomic number 18 you planning to take a language course within abutting year? 2.Do you need this for your master copy growth/ opportunities? Page 9 3. Would you select the individual language course if this would cost 2/3 from the current price? 1 4. Would you take a distance learning language course? 2 5. If Yes, for Nr. 4 Would this fork up significantly your time due to unnecessary travel? 3 6. If Yes, for Nr. 4 Would this save significantly your ti me due to compromising individual schedule? 4 The number of people participating in the Survey was 650 from different age groups (19-60 years). here(predicate) is the breakdown of the participants per age-group Table 3 Survey Participants per Age GroupAge group Number per age group % per age group 19-25 225 35% 26-40 325 50% 40-60 100 15% You may look into the survey results below Table 4 Survey Results Nr. Questions / Answers earlier Yes Yes Are you planning to take a language course 1 within the contiguous year? 200 Do you need this for your proffesional growth / 2 opportunities? * 150 Would you select the individual language course if this would cost 2/3 from the current 3 price? * 80 Would you take a distance learning language 4 course? * 20 If Yes, for Nr. 4 Would this save significantly 5 your time due to unnecessary travel? * If Yes, for Nr. 4 Would this save significantly your time due to compromising individual 6 schedule? ** Rather No No 350 420 80 40 20 20 Rather Yes ( %) 31% 24% Yes (%) 54% 67% Rather No (%) 12% 6% No (%) 3% 3% 510 570 10 35 30 5 13% 3% 81% 90% 2% 6% 5% 1% 300 236 44 10 51% 40% 7% 2% 120 400 50 20 20% 68% 8% 3% As you may see 85% of the survey participants are planning to take a language course within one year and 94% from them are ready to pay 2/3 of the price that currently is set for the individual lessons on the market.Moreover, our assumption that flexible schedule and time savings due to travel is also important to the respondents has been substantiate 91% and 88% accordingly. The survey results preceding(prenominal) are very optimistic for our start-up, however in order to attract these people to our service we need to launch the respective(prenominal)(prenominal) ad entreat. Our focus for the advertizing campaign is as follows 1 2 3 4 100% constitute the answers Rather Yes, Yes, Rather No 100% constitute the answers Rather Yes, Yes, Rather No 100% constitute the answers Rather Yes, Yes 100% constitute the answers Rat her Yes, Yes Page 10Adds within the public transportation, covering 35% of our potential customers (1625 age group) Adds on radio receiver/TV/Internet (social networks, e-mails), covering the 50% of our potential customers (26-40 years) Post notes, cards, etc. delivered to the mail boxes, covering the rest 15% of our potential customers (40-60 years) We are planning to continue the advertisement of our service further in 2013 2015 depending on the outcome of the eldest advertisement phase, selecting one or two most effective advertisement channels. 2. Financial Statements The following intercommunicate financial statements have been developed for the e-Individual Language Course service, covering 3 years projection of business operations Projected Financial Statements of Accounts (please refer to Figures 4 to 6 in Exhibits section, page 18 for periodical breakdown) Projected Income Statements (please refer to Figures 7 to 9 in Exhibits section, page 20 for monthly breakdown) Projected currency flows (please refer to Figures 10 to 11 in Exhibits section, page 22 for monthly breakdown. The yearly summary for all the financial statements mentioned higher up could be nominate here Table 5 Projected 3 years Income Statement gross revenue Electricity Utilities Internet guide Advertisment Salaries (teachers) Salaries (managing director/ HR manager) Salary (Assistant) Salary (Accountant) depreciation (equipment) win before Interset evoke (2%) pelf befor Tax Taxes (35%) pelf/Loss afterward Tax Dec-12 (10,000. 00) (10,000. 00) (10,000. 00) (10,000. 00) Dec-13 114,660. 00 (330. 0) (330. 00) (240. 00) (6,000. 00) (3,000. 00) (61,600. 00) (5,500. 00) (3,850. 00) (6,600. 00) (4,620. 00) 22,590. 00 (1,242. 00) 21,348. 00 (32,844. 00) (11,496. 00) Dec-14 176,400. 00 (360. 00) (360. 00) (240. 00) (6,000. 00) (1,200. 00) (67,200. 00) (12,000. 00) (4,200. 00) (7,200. 00) (4,620. 00) 73,020. 00 (1,242. 00) 71,778. 00 (32,844. 00) 38,934. 00 Dec-15 176,400. 00 (360. 00) (360. 00) (240. 00) (6,000. 00) (1,200. 00) (67,200. 00) (12,000. 00) (4,200. 00) (7,200. 00) (4,620. 0) 73,020. 00 (621. 00) 72,399. 00 (32,844. 00) 39,555. 00 Page 11 Table 6 Projected 3 courses Balance Sheet Balance yellow journalism as at 31-Dec-12 ASSETS Non-current assests Computers, Cofee-machine, etc accrued derogation (straight-even, 5 years) Language Programs afoot(predicate) assets backup receivables Cash at buzzword and in hand Total Assets legality AND LIABILITIES law Retained Earnings (Profit/Loss) Non-current liabilities catamenia Liabilities Borrowings (all brim overdraft) bargain collectibles Total loveliness and liabilities Table 7 Projected 3 years Cash Flow 1-Dec-13 31-Dec-14 31-Dec-15 23,100. 00 6,300. 00 29,400. 00 21,800. 00 51,200. 00 (10,000. 00) 23,100. 00 (4,620. 00) 6,300. 00 24,780. 00 14,924. 00 23,100. 00 (9,240. 00) 6,300. 00 20,1 60. 00 33,478. 00 23,100. 00 (13,860. 00) 6,300. 00 15,540. 00 41,453. 00 56,993. 00 39,704. 00 (21,496. 00) 61,200. 00 53,638. 00 17,438. 00 36,200. 00 56,993. 00 56,993. 00 61,200. 00 51,200. 00 39,704. 00 3,638. 00 Cash flows statement for the year ended in operation(p) get ahead disparagement costs care payable Cash generated from operations concern stipendiary Taxation gainful concluding hard silver in from operation activities Cash flows from drop activities intangible asset assets (additions) wage bullion utilise in investment activities Cash flows from backing activities Re-payment of add notes Net cash spring from funding activities Net reducing in cash and cash equivalents Reconciliation 31-Dec-12 31-Dec-13 31-Dec-14 31-Dec-15 (10,000. 0) 21,348. 00 71,778. 00 72,399. 00 4,620. 00 4,620. 00 4,620. 00 1,242. 00 1,242. 00 621. 00 (10,000. 00) 27,210. 00 77,640. 00 77,640. 00 (1,242. 00) (1,242. 00) (621. 00) (32,844. 00) (32,844. 00) (32,844. 00) (10,000. 00) (6,876. 00) 43,554. 00 44,175. 00 (10,000. 00) (6,876. 00) 43,554. 00 44,175. 00 (25,000. 00) (36,200. 00) (25,000. 00) (36,200. 00) (10,000. 00) (6,876. 00) 18,554. 00 7,975. 0 (6,876. 00) 18,554. 00 7,975. 00 Page 12 All the above financial statements have been calculated based on the following assumptions The number of personal (11 people) requires at least 5 m2 of the working space according to our countrys labor law, thus the rent was calculated for 55 m 2 office space. Notebooks with headsets and respective software will be required for 10 out of 11 employees, due to the fact that the Managing Director/HR carriage will use her personal notebook computer during the start-up activities.The language programs adaptation costs will be spent and paid out during the preparation phase to the respective teachers in December2012 The advertisement campaign will be launched in December 2012 to attrac t as many potential students as possible in order to fulfill our assumption for the teachers load for the set-back fractional of the operational year 2013 (50% respectively). Considering all of the above our goal is to try a break-even point in 2 years 10 months and to cover fully the initial investment that was assigned by the National Bank to the company within the same period of time.The Return on Invested cracking5 (http//www. accountingscholar. com/roic. html, accessed on 8-Aug-2012) for years 2014 and 2015 is 64% and 65% accordingly, what is authentically an impressive number for the service provider company. 2. 5 General Strategy (Development Plan) It is essential to define the major milestones for our start-up. At this major milestones we will cross substantiation our actual Financial Statements with the forecasted ones in order to understand whether we are moving forward as be after or some adjustments are required. 5 ROCI=After Tax Net Income / Capital Invested P age 13Figure 3 Start-up Roadmap 1 Business Plan is Ready 2 The backing is received 3 Office is getable Language Programs are adapted Advertisements are designed and launched 4 50% teachers capacity workload is reached 2013 H1 actuals are as forecasted 5 80% teachers capacity workload is reached 2013 H2 actuals are as forecasted 6 2014 and beyond actuals are as forecasted Milestone 1 BP is ready No doubts the current business plan is a prototype for one more detailed, however it gives the main idea of the opportunity, start-up and its potential development.Milestone 2 The funding for the start-up is lendable. This is one of the milestones when the start-up really has a chance to grow into a business. The management team of the start-up has to use the available funds according their initial plan to reach their objectives. Of course, some adjustments could be required while moving to further milestones, but this one is a confirmation of the sustainability of your business by th e investors/ positing concern. Milestone 3 here we have to have a re-constructed office space according to the size we are planning to have, with all the facilities in place and working.The facilities in our case are of furthermost(a) importance, due to the fact that our e-Learning Language Course requires very good internet connection (100 Mbs) and video transmission. The furniture and office-boxes for our teachers have to be ready as well. In parallel, to reach Milestone 3 we have to adapt the standard face-to-face language programs to the distant-learning programs. The last but not the least the advertisement has to be ready for launch via 3 advertisement channels mentioned in 2. 3 Market Analysis Chapter. Milestone 4 Now we are in our first operational year.The responsibility of the managing director with the start-up accountant is to monitor closely the sales, expenses, teachers workload and respective financial statements. This is one of the major milestones in a way tha t if the expected sales are not as high as we have planned or the forecasted expenses Page 14 are higher and increase our operational losses we will have to make a burthen decision whether we have to stay on the market or close the start-up or to change our business model. Milestone 5 Is some other important milestone that is planned to be reached by the end of the first operational year of the start-up.The same rules as for Milestone 4 are apply here. Milestone 6 Another check point for the start-up operations. We may consider our services extension and geographical expansion at this milestone in case we are proceeding according to the forecasted financial statements. As you may see from the top, our strategy is pretty simple and straightforward. We do see the opportunity for the e-Learning Language Course service the most difficult thing would be really to accomplish all the planned milestones one by one making the objurgate decisions at every milestone. Milestone reviews are pointless unless managers use them for making decisions.The decisions help planners determine what they can do to interpret success or reduce the cost of failure. (Block and MacMillan, Milestones for Successful Venture Planning, 1998, Harvard Business Review, p. 132) 2. 6 Competitive Advantage At the moment there are no companies on the market, rendering the similar services, thus we are in a very good competitive position at the moment. However, due to the fact that this service could not be patented, we do expect that other companies from the educational branch will start to propose the same service to their customers.Hence our competitive advantage is the time and the quality we are first on the market and we have the beaver teachers in our industry. Page 15 Appendix 1 Management Team Managing Director / HR Manager Summary major achievements during the last 5 years of my crew cut in several words could be expressed as management, analysis and perpetual improvement of the competence areas like Company Business Administration, Portfolio/Project Management, Company trading operations and Financial Management. I possess management, business administration, leadership, analysis and communication skills developed up to high levels.Since 2006 Ive contributed into successful project/program management practices, by means of introduction of a comprehensive estimation, planning and monitoring framework for company projects. It is worth mentioning that since 2007 more than 10 projects (up to 2m ? ) with multiple releases have been delivered to our customers successfully under my supervision and mentoring. Project Management Framework setup is another achievement I was able to accomplish. It is very important not only to line up the problems, it is much more important to make people understand that they have problems and o organize them in efficient way to resolve these. My personal Project Management experience as far as Project Management Professional PM P affirmation and participation in conferences and workshops enabled to accomplish this non unsubstantial task. The last but not the least, Ive put in order our keep down Management and Financial Management systems what resulted in tangible financial savings for the company and my current studies on General MBA program of University of Wales at Robert Kennedy College, Switzerland supported me in these endeavors.Education General MBA UoW 2nd year in emanation Master of Computer Science, Master percentage point in Telecommunications (Programming Languages, Math, Diploma on Characters Recognition) live of Radio electronics (Aviation, Electrical Circuits, Economics, Diploma on Transmission-Line Antennas) well-disposed Skills Strong leadership and communication skills, experience being a intermediary between management, customer representatives Page 16Team Lead of Teachers Group Summary An articulate measure up English teacher who is able to effectively communicate with studen ts from diverse backgrounds or varying stops of ability. A committed and dedicated professional with a proven ability to teach, make a motion and direct students to maximum performance by encouraging a positive and physical environment. Teaching English Language & pieces from KS3, KS4 and Entry level. Helping pupils to define and key different types of verbs. Tailoring English pedagogics methods to suit the needs of individual students.Planning, preparing and delivering lessons to a range of English classes. Conducting up to 6 classes in one day. Marking work and giving appropriate feedback to pupils. Devising and writing new curriculum materials. Preparing pupils for external examinations, such as GCSE and A-level. Leading a group of different language teachers. Country State University, PhD in Modern Languages Master degree in English language and publications Strong leadership and communication skills fitting to use computer-assisted educational resources.Researching new musical theme areas and maintaining up-to-date subject knowledge. Able to teach vulnerable and sometimes challenging students. A committed and organized professional. Education Social Skills Page 17 Exhibits Figure 4 Calculated NPV for the start-up Dec12 Year 2013 Year 2014 Year 2015 (61,200. 00) (11,496. 00) 38,934. 00 (72,696. 00) (33,762. 00) Year 2016 39,555. 00 5,793. 00 Year 2017 40,176. 00 86,145. 00 86,145. 00 31,449. 00 Start-up investment Profit/Loss after taxes NPV 40,176. 00 45,969. 00 Figure 5 Projected Monthly Financial Statement of Accounts for 2012/2013 Statements of Financial position Dec12 EUR ASSETS Non-current assests Computers, Cofee-machine, etc Accumulated derogation (straight-even, 5 years) Language Programs Current assets pile receivables Cash at bank and in hand Total Assets EQUITY AND LIABILITIES right Profit/Loss Non-current liabilities Current Liabilities Borrowings (all bank overdraft) Trade payables Total truth and liabilities 23,100 . 00 23,100. 00 (385. 00) 6,300. 00 29,015. 00 28,526. 50 28,526. 50 57,541. 0 23,100. 00 (770. 00) 6,300. 00 28,630. 00 28,143. 00 28,143. 00 56,773. 00 23,100. 00 (1,155. 00) 6,300. 00 28,245. 00 19,248. 50 19,248. 50 47,493. 50 23,100. 00 (1,540. 00) 6,300. 00 27,860. 00 18,565. 00 18,565. 00 46,425. 00 23,100. 00 (1,925. 00) 6,300. 00 27,475. 00 17,881. 50 17,881. 50 45,356. 50 23,100. 00 (2,310. 00) 6,300. 00 27,090. 00 8,987. 00 8,987. 00 36,077. 00 23,100. 00 (2,695. 00) 6,300. 00 26,705. 00 12,713. 50 12,713. 50 39,418. 50 23,100. 00 (3,080. 00) 6,300. 00 26,320. 00 16,440. 00 16,440. 00 42,760. 00 23,100. 00 (3,465. 0) 6,300. 00 25,935. 00 11,955. 50 11,955. 50 37,890. 50 23,100. 00 (3,850. 00) 6,300. 00 25,550. 00 15,682. 00 15,682. 00 41,232. 00 23,100. 00 (4,235. 00) 6,300. 00 25,165. 00 19,408. 50 19,408. 50 44,573. 50 23,100. 00 (4,620. 00) 6,300. 00 24,780. 00 14,924. 00 14,924. 00 39,704. 00 Jan13 Feb13 ? m Mar13 Apr13 May13 Jun13 Jul13 Aug13 Sep13 Oct13 Nov13 Dec13 6,300. 00 29,400. 00 21,800. 00 21,800. 00 51,200. 00 61200 (10,000. 00) (10,000. 00) 61200 61,200. 00 61,200. 00 51,200. 00 (3,658. 50) (3,658. 50) 61,200. 00 61,200. 00 57,541. 50 (4,427. 0) (4,427. 00) (13,706. 50) (13,706. 50) (14,775. 00) (14,775. 00) (15,843. 50) (15,843. 50) (25,123. 00) (25,123. 00) (21,781. 50) (21,781. 50) (18,440. 00) (18,440. 00) (23,309. 50) (23,309. 50) (19,968. 00) (19,968. 00) (16,626. 50) (16,626. 50) (21,496. 00) (21,496. 00) 61,200. 00 61,200. 00 56,773. 00 61,200. 00 61,200. 00 47,493. 50 61,200. 00 61,200. 00 46,425. 00 61,200. 00 61,200. 00 45,356. 50 61,200. 00 61,200. 00 36,077. 00 61,200. 00 61,200. 00 39,418. 50 61,200. 00 61,200. 00 42,760. 00 61,200. 00 61,200. 00 37,890. 50 61,200. 00 61,200. 0 41,232. 00 61,200. 00 61,200. 00 44,573. 50 61,200. 00 61,200. 00 39,704. 00 Page 18 Figure 6 Projected Monthly Financial Statement of Accounts for 2014 Statements of Financial position Jan14 EUR ASSETS Non-current assests Computers, Cofee-machine , etc Accumulated disparagement (straight-even, 5 years) Language Programs Current assets Trade receivables Cash at bank and in hand Total Assets EQUITY AND LIABILITIES Equity Profit/Loss Non-current liabilities Current Liabilities Borrowings (all bank overdraft) Trade payables Total Equity and liabilities 23,100. 0 (5,005. 00) 6,300. 00 24,395. 00 21,290. 50 21,290. 50 45,685. 50 23,100. 00 (5,390. 00) 6,300. 00 24,010. 00 27,657. 00 27,657. 00 51,667. 00 23,100. 00 (5,775. 00) 6,300. 00 23,625. 00 25,812. 50 25,812. 50 49,437. 50 23,100. 00 (6,160. 00) 6,300. 00 23,240. 00 32,179. 00 32,179. 00 55,419. 00 23,100. 00 (6,545. 00) 6,300. 00 22,855. 00 38,545. 50 38,545. 50 61,400. 50 23,100. 00 (6,930. 00) 6,300. 00 22,470. 00 36,701. 00 36,701. 00 59,171. 00 23,100. 00 (7,315. 00) 6,300. 00 22,085. 00 43,067. 50 43,067. 50 65,152. 50 23,100. 00 (7,700. 0) 6,300. 00 21,700. 00 49,434. 00 49,434. 00 71,134. 00 23,100. 00 (8,085. 00) 6,300. 00 21,315. 00 47,589. 50 47,589. 50 68,904. 5 0 23,100. 00 (8,470. 00) 6,300. 00 20,930. 00 53,956. 00 53,956. 00 74,886. 00 23,100. 00 (8,855. 00) 6,300. 00 20,545. 00 60,322. 50 60,322. 50 80,867. 50 23,100. 00 (9,240. 00) 6,300. 00 20,160. 00 33,478. 00 33,478. 00 53,638. 00 Feb14 Mar14 Apr14 May14 Jun14 Jul14 Aug14 Sep14 Oct14 Nov14 Dec14 (15,514. 50) (15,514. 50) 61,200. 00 61,200. 00 45,685. 50 (9,533. 00) (9,533. 00) 61,200. 00 61,200. 00 51,667. 0 (11,762. 50) (11,762. 50) (5,781. 00) (5,781. 00) 200. 50 200. 50 (2,029. 00) (2,029. 00) 3,952. 50 3,952. 50 9,934. 00 9,934. 00 7,704. 50 7,704. 50 13,686. 00 13,686. 00 19,667. 50 19,667. 50 17,438. 00 17,438. 00 61,200. 00 61,200. 00 49,437. 50 61,200. 00 61,200. 00 55,419. 00 61,200. 00 61,200. 00 61,400. 50 61,200. 00 61,200. 00 59,171. 00 61,200. 00 61,200. 00 65,152. 50 61,200. 00 61,200. 00 71,134. 00 61,200. 00 61,200. 00 68,904. 50 61,200. 00 61,200. 00 74,886. 00 61,200. 00 61,200. 00 80,867. 50 36,200. 00 36,200. 00 53,638. 00 Page 19Figure 7 Projected Monthly Fin ancial Statement of Accounts for 2015 Statements of Financial position Jan15 EUR ASSETS Non-current assests Computers, Cofee-machine, etc Accumulated Depreciation (straight-even, 5 years) Language Programs Current assets Trade receivables Cash at bank and in hand Total Assets EQUITY AND LIABILITIES Equity Profit/Loss Non-current liabilities Current Liabilities Borrowings (all bank overdraft) Trade payables Total Equity and liabilities 23,100. 00 (9,625. 00) 6,300. 00 19,775. 00 39,844. 50 39,844. 50 59,619. 50 23,100. 00 (10,010. 00) 6,300. 00 19,390. 00 46,211. 00 46,211. 00 65,601. 00 23,100. 0 (10,395. 00) 6,300. 00 19,005. 00 44,366. 50 44,366. 50 63,371. 50 23,100. 00 (10,780. 00) 6,300. 00 18,620. 00 50,733. 00 50,733. 00 69,353. 00 23,100. 00 (11,165. 00) 6,300. 00 18,235. 00 57,099. 50 57,099. 50 75,334. 50 23,100. 00 (11,550. 00) 6,300. 00 17,850. 00 55,255. 00 55,255. 00 73,105. 00 23,100. 00 (11,935. 00) 6,300. 00 17,465. 00 25,525. 00 25,525. 00 42,990. 00 23,100. 00 (12 ,320. 00) 6,300. 00 17,080. 00 31,995. 00 31,995. 00 49,075. 00 23,100. 00 (12,705. 00) 6,300. 00 16,695. 00 30,254. 00 30,254. 00 46,949. 00 23,100. 00 (13,090. 00) 6,300. 00 16,310. 00 36,724. 00 36,724. 00 53,034. 00 23,100. 00 (13,475. 0) 6,300. 00 15,925. 00 43,194. 00 43,194. 00 59,119. 00 23,100. 00 (13,860. 00) 6,300. 00 15,540. 00 41,453. 00 41,453. 00 56,993. 00 Feb15 Mar15 Apr15 May15 Jun15 Jul15 Aug15 Sep15 Oct15 Nov15 Dec15 23,419. 50 23,419. 50 36,200. 00 36,200. 00 59,619. 50 29,401. 00 29,401. 00 36,200. 00 36,200. 00 65,601. 00 27,171. 50 27,171. 50 33,153. 00 33,153. 00 39,134. 50 39,134. 50 36,905. 00 36,905. 00 42,990. 00 42,990. 00 49,075. 00 49,075. 00 46,949. 00 46,949. 00 53,034. 00 53,034. 00 59,119. 00 59,119. 00 56,993. 00 56,993. 00 36,200. 00 36,200. 00 63,371. 50 36,200. 00 36,200. 00 69,353. 00 36,200. 00 36,200. 0 75,334. 50 36,200. 00 36,200. 00 73,105. 00 42,990. 00 49,075. 00 46,949. 00 53,034. 00 59,119. 00 56,993. 00 Figure 8 Projected Monthly In come Statement for 2013 First operational year (2013) Sales Electricity Utilities Internet Rent Advertisment Salaries (teachers) Salaries (managing director/ HR manager) Salary (Assistant) Salary (Accountant) Depreciation (equipment) Profit before Interset fire (2%) Profit befor Tax Taxes (35%) Profit/Loss after Tax Jan13 7,350. 00 (20. 00) (500. 00) (385. 00) 6,445. 00 (103. 50) 6,341. 50 6,341. 50 Feb13 7,350. 0 (30. 00) (30. 00) (20. 00) (500. 00) (5,600. 00) (500. 00) (350. 00) (600. 00) (385. 00) (665. 00) (103. 50) (768. 50) (768. 50) Mar13 7,350. 00 (30. 00) (30. 00) (20. 00) (500. 00) (300. 00) (5,600. 00) (500. 00) (350. 00) (600. 00) (385. 00) (965. 00) (103. 50) (1,068. 50) (8,211. 00) (9,279. 50) Apr13 7,350. 00 (30. 00) (30. 00) (20. 00) (500. 00) (300. 00) (5,600. 00) (500. 00) (350. 00) (600. 00) (385. 00) (965. 00) (103. 50) (1,068. 50) (1,068. 50) May13 7,350. 00 (30. 00) (30. 00) (20. 00) (500. 00) (300. 0) (5,600. 00) (500. 00) (350. 00) (600. 00) (385. 00) (965. 00) (103. 50) (1,068. 50) (1,068. 50) Jun13 7,350. 00 (30. 00) (30. 00) (20. 00) (500. 00) (300. 00) (5,600. 00) (500. 00) (350. 00) (600. 00) (385. 00) (965. 00) (103. 50) (1,068. 50) (8,211. 00) (9,279. 50) Jul13 11,760. 00 (30. 00) (30. 00) (20. 00) (500. 00) (300. 00) (5,600. 00) (500. 00) (350. 00) (600. 00) (385. 00) 3,445. 00 (103. 50) 3,341. 50 3,341. 50 Aug13 11,760. 00 (30. 00) (30. 00) (20. 00) (500. 00) (300. 00) (5,600. 00) (500. 00) (350. 00) (600. 00) (385. 0) 3,445. 00 (103. 50) 3,341. 50 3,341. 50 Sep13 11,760. 00 (30. 00) (30. 00) (20. 00) (500. 00) (300. 00) (5,600. 00) (500. 00) (350. 00) (600. 00) (385. 00) 3,445. 00 (103. 50) 3,341. 50 (8,211. 00) (4,869. 50) Oct13 11,760. 00 (30. 00) (30. 00) (20. 00) (500. 00) (300. 00) (5,600. 00) (500. 00) (350. 00) (600. 00) (385. 00) 3,445. 00 (103. 50) 3,341. 50 3,341. 50 Nov13 11,760. 00 (30. 00) (30. 00) (20. 00) (500. 00) (300. 00) (5,600. 00) (500. 00) (350. 00) (600. 00) (385. 00) 3,445. 00 (103. 50) 3,341. 0 3,341. 50 Dec13 11,760. 00 (30. 00) (30. 00) (20. 00) (500. 00) (300. 00) (5,600. 00) (500. 00) (350. 00) (600. 00) (385. 00) 3,445. 00 (103. 50) 3,341. 50 (8,211. 00) (4,869. 50) Page 20 Figure 9 Projected Monthly Income Statement for 2014 Second operational year (2014) Sales Electricity Utilities Internet Rent Advertisment Salaries (teachers) Salaries (managing director/ HR manager) Salary (Assistant) Salary (Accountant) Depreciation (equipment) Profit before Interset Interest (2%) Profit before Tax Taxes (35%) Profit/Loss after Tax Jan14 14,700. 0 (30. 00) (30. 00) (20. 00) (500. 00) (100. 00) (5,600. 00) (1,000. 00) (350. 00) (600. 00) (385. 00) 6,085. 00 (103. 50) 5,981. 50 5,981. 50 Feb14 14,700. 00 (30. 00) (30. 00) (20. 00) (500. 00) (100. 00) (5,600. 00) (1,0 00. 00) (350. 00) (600. 00) (385. 00) 6,085. 00 (103. 50) 5,981. 50 5,981. 50 Mar14 14,700. 00 (30. 00) (30. 00) (20. 00) (500. 00) (100. 00) (5,600. 00) (1,000. 00) (350. 00) (600. 00) (385. 00) 6,085. 00 (103. 50) 5,981. 50 (8,211. 00) (2,229. 50) Apr14 14,700. 0 (30. 00) (30. 00) (20. 00) (500. 00) (100. 00) (5,600. 00) (1,000. 00) (350. 00) (600. 00) (385. 00) 6,085. 00 (103. 50) 5,981. 50 5,981. 50 May14 Jun14 14,700. 00 (30. 00) (30. 00) (20. 00) (500. 00) (100. 00) (5,600. 00) (1,000. 00) (350. 00) (600. 00) (385. 00) 6,085. 00 (103. 50) 5,981. 50 5,981. 50 14,700. 00 (30. 00) (30. 00) (20. 00) (500. 00) (100. 00) (5,600. 00) (1,000. 00) (350. 00) (600. 00) (385. 00) 6,085. 00 (103. 50) 5,981. 50 (8,211. 00) (2,229. 50) Jul14 14,700. 00 (30. 00) (30. 00) (20. 0) (500. 00) (100. 00) (5,600. 00) (1,000. 00) (350. 00) (600. 00) (385. 00) 6,085. 00 (103. 50) 5,981. 50 5,981. 50 Aug14 14,700. 00 (30. 00) (30. 00) (20. 00) (500. 00) (100. 00) (5,600. 00) (1,000. 00) (350. 00) (600. 00) (385. 00) 6,085. 00 (103. 50) 5,981. 50 5,981. 50 Sep14 14,700. 00 (30. 00) (30. 00) (20. 00) (500. 00) (100. 00) (5,600. 00) (1,000. 00) (350. 00) (600. 00) (385. 00) 6,085. 00 (103. 50) 5,981. 50 (8,211. 00) (2,229. 50) Oct14 14,700. 00 (30. 00) (30. 00) (20. 0) (500. 00) (100. 00) (5,600. 00) (1,000. 00) (350. 00) (600. 00) (385. 00) 6,085. 00 (103. 50) 5,981. 50 5,981. 50 Nov14 14,700. 00 (30. 00) (30. 00) (20. 00) (500. 00) (100. 00) (5,600. 00) (1,000. 00) (350. 00) (600. 00) (385. 00) 6,085. 00 (103. 50) 5,981. 50 5,981. 50 Dec14 14,700. 00 (30. 00) (30. 00) (20. 00) (500. 00) (100. 00) (5,600. 00) (1,000. 00) (350. 00) (600. 00) (385. 00) 6,085. 00 (103. 50) 5,981. 50 (8,211. 00) (2,229. 50) Figure 10 Projected Monthly Income Statement for 2015Third operational year (2015) Sales Electricity Utilities Internet Ren t Advertisment Salaries (teachers) Salaries (managing director/ HR manager) Salary (Assistant) Salary (Accountant) Depreciation (equipment) Profit before Interset Interest (2%) Profit before Tax Taxes (35%) Profit/Loss after Tax Jan15 14,700. 00 (30. 00) (30. 00) (20. 00) (500. 00) (100. 00) (5,600. 00) (1,000. 00) (350. 00) (600. 00) (385. 00) 6,085. 00 (103. 50) 5,981. 50 5,981. 50 Feb15 14,700. 00 (30. 00) (30. 00) (20. 00) (500. 00) (100. 00) (5,600. 00) (1,000. 00) (350. 00) (600. 0) (385. 00) 6,085. 00 (103. 50) 5,981. 50 5,981. 50 Mar15 14,700. 00 (30. 00) (30. 00) (20. 00) (500. 00) (100. 00) (5,600. 00) (1,000. 00) (350. 00) (600. 00) (385. 00) 6,085. 00 (103. 50) 5,981. 50 (8,211. 00) (2,229. 50) Apr15 14,700. 00 (30. 00) (30. 00) (20. 00) (500. 00) (100. 00) (5,600. 00) (1,000. 00) (350. 00) (600. 00) (385. 00) 6,085. 00 (103. 50) 5,981. 50 5,981. 50 May15 Jun15 14,700. 00 (30. 00) (30. 00) (20. 00) (500. 00) (100. 00) (5,600. 00) (1,000. 00) (350. 00) (600. 00) (385. 00) 6,085. 0 (103. 50) 5,981. 50 5,981. 50 14,700. 00 (30. 00) (30. 00) (20. 00) (500. 00) (100. 00) (5,600. 00) (1,000. 00) (350. 00) (600. 00) (385. 00) 6,085. 00 (103. 50) 5,981. 50 (8,211. 00) (2,229. 50) Jul15 14,700. 00 (30. 00) (30. 00) (20. 00) (500. 00) (100. 00) (5,600. 00) (1,000. 00) (350. 00) (600. 00) (385. 00) 6,085. 00 Aug15 14,700. 00 (30. 00) (30. 00) (20. 00) (500. 00) (100. 00) (5,600. 00) (1,000. 00) (350. 00) (600. 00) (385. 00) 6,085. 00 Sep15 14,700. 00 (30. 00) (30. 00) (20. 00) (500. 00) (100. 00) (5,600. 00) (1,000. 0) (350. 00) (600. 00) (385. 00) 6,085. 00 Oct15 14,700. 00 (30. 00) (30. 00) (20. 00) (500. 00) (100. 00) (5,600. 00) (1,000. 00) (350. 00) (600. 00) (385. 00) 6,085. 00 Nov15 14,700. 00 (30. 00) (30. 00) (20. 00) (500. 00) (100. 00) (5,600. 00) (1,000. 00) (350. 00) (600. 00) (385. 00) 6,0 85. 00 Dec15 14,700. 00 (30. 00) (30. 00) (20. 00) (500. 00) (100. 00) (5,600. 00) (1,000. 00) (350. 00) (600. 00) (385. 00) 6,085. 00 6,085. 00 (8,211. 00) (2,126. 00) 6,085. 00 6,085. 00 6,085. 00 6,085. 00 6,085. 00 6,085. 00 (8,211. 0) 6,085. 00 (2,126. 00) 6,085. 00 6,085. 00 Page 21 Figure 11 Projected Monthly Cash Flow 2012/2013 Cash flows statements direct profit Depreciation costs Interest payable Cash generated from operations Interest paid Taxation paid Net cash from operation activities Cash flows from investing activities Intangible assets (additions) Net cash employ in investing activities Cash flows from finance activities Re-payment of Loan notes Net cash fount from financing activities Net decrease in cash and cash equivalents Dec12 Jan13 Feb13 Mar13 Apr13 May13 Jun13 Jul13 Aug13 Sep13 Oct13 Nov13 Dec13 (10,000. 0) 6,341. 50 (768. 50) (1,068. 50) (1,068. 50) (1,068. 50) (1,068. 50) 3,341. 50 3,341. 50 3,341. 50 3,341. 50 3,341. 50 3,34 1. 50 385. 00 385. 00 385. 00 385. 00 385. 00 385. 00 385. 00 385. 00 385. 00 385. 00 385. 00 385. 00 103. 50 103. 50 103. 50 103. 50 103. 50 103. 50 103. 50 103. 50 103. 50 103. 50 103. 50 103. 50 (10,000. 00) 6,830. 00 (280. 00) (580. 00) (580. 00) (580. 00) (580. 00) 3,830. 00 3,830. 00 3,830. 00 3,830. 00 3,830. 00 3,830. 00 (103. 50) (103. 50) (103. 50) (103. 50) (103. 50) (103. 50) (103. 50) (103. 50) (103. 50) (103. 50) (103. 50) (103. 50) (8,211. 0) (8,211. 00) (8,211. 00) (8,211. 00) (10,000. 00) 6,726. 50 (383. 50) (8,894. 50) (683. 50) (683. 50) (8,894. 50) 3,726. 50 3,726. 50 (4,484. 50) 3,726. 50 3,726. 50 (4,484. 50) (10,000. 00) 6,726. 50 (383. 50) (8,894. 50) (683. 50) (683. 50) (8,894. 50) 3,726. 50 3,726. 50 (4,484. 50) 3,726. 50 3,726. 50 (4,484. 50) Figure 12 Projected Monthly Cash Flow 2014 Jan14 Feb14 Mar14 Apr14 May14 Jun14 Jul14 Aug14 Sep14 Oct14 Nov14 Dec14 5,981. 50 5,981. 50 5,981. 50 5,981. 50 5,981. 50 5,981. 50 5,981. 50 5,981. 50 5,981. 50 5,981. 50 5, 981. 50 5,981. 50 385. 00 385. 0 385. 00 385. 00 385. 00 385. 00 385. 00 385. 00 385. 00 385. 00 385. 00 385. 00 103. 50 103. 50 103. 50 103. 50 103. 50 103. 50 103. 50 103. 50 103. 50 103. 50 103. 50 103. 50 6,470. 00 6,470. 00 6,470. 00 6,470. 00 6,470. 00 6,470. 00 6,470. 00 6,470. 00 6,470. 00 6,470. 00 6,470. 00 6,470. 00 (103. 50) (103. 50) (103. 50) (103. 50) (103. 50) (103. 50) (103. 50) (103. 50) (103. 50) (103. 50) (103. 50) (103. 50) (8,211. 00) (8,211. 00) (8,211. 00) (8,211. 00) 6,366. 50 6,366. 50 (1,844. 50) 6,366. 50 6,366. 50 (1,844. 50) 6,366. 50 6,366. 50 (1,844. 50) 6,366. 50 6,366. 0 (1,844. 50) 6,366. 50 Operating profit Depreciation costs Interest payable Cash generated from operations Interest paid Taxation paid Net cash from operation activities Cash flows from investing activities Intangible assets (additions) Net cash used in investing activities Cash flows from financing activities Re-payment of Loan notes Net cash outflow from financing activities Net de crease in cash and cash equivalents 6,366. 50 (1,844. 50) 6,366. 50 6,366. 50 (1,844. 50) 6,366. 50 6,366. 50 (1,844. 50) 6,366. 50 6,366. 50 (25,000. 00) (25,000. 00) (26,844. 50) Page 22Figure 13 Projected Monthly Cash Flow 2015 Jan15 Feb15 Mar15 Apr15 May15 Jun15 Jul15 Aug15 Sep15 Oct15 Nov15 Dec15 5,981. 50 5,981. 50 5,981. 50 5,981. 50 5,981. 50 5,981. 50 6,085. 00 6,085. 00 6,085. 00 6,085. 00 6,085. 00 6,085. 00 385. 00 385. 00 385. 00 385. 00 385. 00 385. 00 385. 00 385. 00 385. 00 385. 00 385. 00 385. 00 103. 50 103. 50 103. 50 103. 50 103. 50 103. 50 6,470. 00 6,470. 00 6,470. 00 6,470. 00 6,470. 00 6,470. 00 6,470. 00 6,470. 00 6,470. 00 6,470. 00 6,470. 00 6,470. 00 (103. 50) (103. 50) (103. 50) (103. 50) (103. 50) (103. 50) (8,211. 00) (8,211. 0) (8,211. 00) (8,211. 00) 6,366. 50 6,366. 50 (1,844. 50) 6,366. 50 6,366. 50 (1,844. 50) 6,470. 00 6,470. 00 (1,741. 00) 6,470. 00 6,470. 00 (1,741. 00) 6,366. 50 Operating profit Depreciation costs Interest payable Cash generat ed from operations Interest paid Taxation paid Net cash from operation activities Cash flows from investing activities Intangible assets (additions) Net cash used in investing activities Cash flows from financing activities Re-payment of Loan notes Net cash outflow from financing activities Net decrease in cash and cash equivalents 6,366. 50 (1,844. 50)