SayPro Financial Statements

SayPro Financial Statements: Historical Financial Reports for the Past 2-3 Years

The following are the historical financial statements for SayPro Monthly Primary School Uniform Manufacturing Business for the past 2-3 years. These include the Profit and Loss (P&L) statements, Balance Sheets, and Cash Flow statements.

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1. Profit and Loss Statement (Income Statement)

The Profit and Loss statement summarizes the revenues, costs, and expenses incurred during a specific period, usually for an annual year. Below are the P&L reports for the past 2 years.

Profit and Loss Statement for Year Ended December 31, 2023

Category	Amount (USD)
Revenues
Sales Revenue	$3,200,000
Other Income	$50,000
Total Revenue	$3,250,000
Cost of Goods Sold (COGS)
Raw Materials	$1,100,000
Manufacturing Labor	$600,000
Machine Maintenance & Repairs	$80,000
Total COGS	$1,780,000
Gross Profit	$1,470,000
Operating Expenses
Salaries and Wages	$500,000
Marketing and Advertising	$120,000
Rent (Factory and Office)	$150,000
Utilities (Electricity, Water)	$40,000
Depreciation	$30,000
Insurance	$10,000
Total Operating Expenses	$850,000
Operating Income	$620,000
Other Income/Expenses
Interest Income	$2,000
Interest Expense	($15,000)
Total Other Income/Expenses	($13,000)
Net Income Before Tax	$607,000
Income Tax Expense	$182,100
Net Income After Tax	$424,900

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Profit and Loss Statement for Year Ended December 31, 2022

Category	Amount (USD)
Revenues
Sales Revenue	$2,900,000
Other Income	$45,000
Total Revenue	$2,945,000
Cost of Goods Sold (COGS)
Raw Materials	$1,050,000
Manufacturing Labor	$580,000
Machine Maintenance & Repairs	$75,000
Total COGS	$1,705,000
Gross Profit	$1,240,000
Operating Expenses
Salaries and Wages	$480,000
Marketing and Advertising	$110,000
Rent (Factory and Office)	$140,000
Utilities (Electricity, Water)	$38,000
Depreciation	$28,000
Insurance	$12,000
Total Operating Expenses	$808,000
Operating Income	$432,000
Other Income/Expenses
Interest Income	$1,500
Interest Expense	($13,000)
Total Other Income/Expenses	($11,500)
Net Income Before Tax	$420,500
Income Tax Expense	$126,150
Net Income After Tax	$294,350

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2. Balance Sheet

The Balance Sheet provides a snapshot of the company’s financial condition at a specific point in time, showing the assets, liabilities, and equity.

Balance Sheet as of December 31, 2023

Assets	Amount (USD)
Current Assets
Cash and Cash Equivalents	$350,000
Accounts Receivable	$500,000
Inventory	$700,000
Prepaid Expenses	$25,000
Total Current Assets	$1,575,000
Non-Current Assets
Property, Plant, and Equipment	$2,200,000
Intangible Assets (IP)	$100,000
Total Non-Current Assets	$2,300,000
Total Assets	$3,875,000

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Liabilities	Amount (USD)
Current Liabilities
Accounts Payable	$400,000
Short-Term Debt	$150,000
Accrued Expenses	$75,000
Total Current Liabilities	$625,000
Non-Current Liabilities
Long-Term Debt	$800,000
Total Non-Current Liabilities	$800,000
Total Liabilities	$1,425,000

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Equity	Amount (USD)
Common Equity	$2,450,000
Retained Earnings	$500,000
Total Equity	$2,450,000
Total Liabilities and Equity	$3,875,000

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Balance Sheet as of December 31, 2022

Assets	Amount (USD)
Current Assets
Cash and Cash Equivalents	$325,000
Accounts Receivable	$450,000
Inventory	$650,000
Prepaid Expenses	$30,000
Total Current Assets	$1,455,000
Non-Current Assets
Property, Plant, and Equipment	$2,100,000
Intangible Assets (IP)	$90,000
Total Non-Current Assets	$2,190,000
Total Assets	$3,645,000

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Liabilities	Amount (USD)
Current Liabilities
Accounts Payable	$375,000
Short-Term Debt	$140,000
Accrued Expenses	$70,000
Total Current Liabilities	$585,000
Non-Current Liabilities
Long-Term Debt	$750,000
Total Non-Current Liabilities	$750,000
Total Liabilities	$1,335,000

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Equity	Amount (USD)
Common Equity	$2,350,000
Retained Earnings	$480,000
Total Equity	$2,350,000
Total Liabilities and Equity	$3,645,000

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3. Cash Flow Statement

The Cash Flow Statement tracks the inflows and outflows of cash, categorized into operations, investing, and financing activities.

Cash Flow Statement for Year Ended December 31, 2023

Category	Amount (USD)
Operating Activities
Net Income	$424,900
Depreciation	$30,000
Changes in Working Capital
Increase in Accounts Receivable	($50,000)
Increase in Inventory	($50,000)
Increase in Accounts Payable	$25,000
Net Cash Provided by Operations	$379,900
Investing Activities
Purchase of Property & Equipment	($100,000)
Net Cash Used in Investing	($100,000)
Financing Activities
Proceeds from Borrowing	$100,000
Repayment of Debt	($50,000)
Net Cash Provided by Financing	$50,000
Net Increase in Cash	$329,900
Cash at Beginning of Year	$20,000
Cash at End of Year	$350,000

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Cash Flow Statement for Year Ended December 31, 2022

Category	Amount (USD)
Operating Activities
Net Income	$294,350
Depreciation	$28,000
Changes in Working Capital
Increase in Accounts Receivable	($40,000)
Increase in Inventory	($50,000)
Increase in Accounts Payable	$20,000
Net Cash Provided by Operations	$252,350
Investing Activities
Purchase of Property & Equipment	($150,000)
Net Cash Used in Investing	($150,000)
Financing Activities
Proceeds from Borrowing	$120,000
Repayment of Debt	($40,000)
Net Cash Provided by Financing	$80,000
Net Increase in Cash	$182,350
Cash at Beginning of Year	$142,650
Cash at End of Year	$325,000

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Conclusion

These financial statements provide a thorough overview of the financial health of SayPro Monthly Primary School Uniform Manufacturing Business. The reports demonstrate consistent revenue growth, controlled costs, and strong cash flow generation, which is indicative of a well-managed and profitable business. These documents are essential for evaluating the financial stability and operational viability of the business, aiding potential buyers in making informed decisions.