Year 1 income statement Income Statement Budget of Wathiqa Omar for the FY2024 Year 1 Total Year 1 Financial Year23 Feb 23 Mar 23 Apr 23 May 23 Jun 23 Jul 23 Aug 23 Sep 23 Oct 23 Nov 23 Dec 23 Jan 24 Revenue 116,385 116,385 116,385 116,385 116,385 116,385 116,385 116,385 116,385 116,385 116,385 116,385 1,396,620 Cost of sales 42,996 42,996 42,996 42,996 42,996 42,996 42,996 42,996 42,996 42,996 42,996 42,996 515,952 Gross profit 73,389 73,389 73,389 73,389 73,389 73,389 73,389 73,389 73,389 73,389 73,389 73,389 880,668 GP 63 63 63 63 63 63 63 63 63 63 63 63 Overheads 69,910 59,660 49,910 59,660 49,910 59,660 49,910 59,660 49,910 59,660 49,910 59,660 677,420 Website design 20,000 20,000 Website Maintenance R 500 R 500 R 500 R 500 R 500 R 500 R 500 R 500 R 500 R 500 R 500 R 500 6,000 Data Costs 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 18,000 Salaries 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 300,000 Storage cost for products 8,000 8,000 8,000 8,000 8,000 8,000 8,000 8,000 8,000 8,000 8,000 8,000 96,000 Local Transportation 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 International freight costs 10,000 10,000 10,000 10,000 10,000 10,000 60,000 Accountan fees 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 12,000 Security 500 500 500 500 500 500 500 500 500 500 500 500 6,000 Repairs maintenance 250 250 250 250 250 250 1,500 Insurance 350 350 350 350 350 350 350 350 350 350 350 350 4,200 Taxes 10,810 10,810 10,810 10,810 10,810 10,810 10,810 10,810 10,810 10,810 10,810 10,810 129,720 Net profit 3,479 13,729 23,479 13,729 23,479 13,729 23,479 13,729 23,479 13,729 23,479 13,729 Prepare a business proposal which you will be presenting to the potential investors to attract funding from them The proposal must include a budget A monthly budget for 12 months plus a further 2 years Include a discussion on how you would assess the break even point for the business

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Year 1 income statement: Income Statement Budget of Wathiqa Omar for the FY2024 Year 1 Total Year 1 Financial Year23 Feb-23 Mar-23 Apr-23 May-23 Jun-23

Year 1 income statement:

Income Statement Budget of Wathiqa Omar for the FY2024	Year 1	Total Year 1
Financial Year23	Feb-23	Mar-23	Apr-23	May-23	Jun-23	Jul-23	Aug-23	Sep-23	Oct-23	Nov-23	Dec-23	Jan-24
Revenue	116,385	116,385	116,385	116,385	116,385	116,385	116,385	116,385	116,385	116,385	116,385	116,385	1,396,620
Cost of sales	42,996	42,996	42,996	42,996	42,996	42,996	42,996	42,996	42,996	42,996	42,996	42,996	515,952
Gross profit	73,389	73,389	73,389	73,389	73,389	73,389	73,389	73,389	73,389	73,389	73,389	73,389	880,668

GP%	63%	63%	63%	63%	63%	63%	63%	63%	63%	63%	63%	63%

Overheads:	69,910	59,660	49,910	59,660	49,910	59,660	49,910	59,660	49,910	59,660	49,910	59,660	677,420
Website design	20,000												20,000
Website Maintenance	R 500	R 500	R 500	R 500	R 500	R 500	R 500	R 500	R 500	R 500	R 500	R 500	6,000
Data Costs	1,500	1,500	1,500	1,500	1,500	1,500	1,500	1,500	1,500	1,500	1,500	1,500	18,000
Salaries	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000	300,000
Storage cost for products	8,000	8,000	8,000	8,000	8,000	8,000	8,000	8,000	8,000	8,000	8,000	8,000	96,000
Local Transportation	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
International freight costs		10,000		10,000		10,000		10,000		10,000		10,000	60,000
Accountan fees	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	12,000
Security	500	500	500	500	500	500	500	500	500	500	500	500	6,000
Repairs & maintenance	250		250		250		250		250		250		1,500
Insurance	350	350	350	350	350	350	350	350	350	350	350	350	4,200
Taxes	10,810	10,810	10,810	10,810	10,810	10,810	10,810	10,810	10,810	10,810	10,810	10,810	129,720
Net profit	3,479	13,729	23,479	13,729	23,479	13,729	23,479	13,729	23,479	13,729	23,479	13,729

Prepare a business proposal which you will be presenting to the potential investors to attract funding from them. The proposal must include a budget. A monthly budget for 12 months plus a further 2 years. Include a discussion on how you would assess the break-even point for the business.