YR Figures	Mth Figures	GST Included
Income Statement	Budget for next year
Revenue		$252,000	Increase by 65%	$415,800	$138,600
Cost of Goods Sold
Pruning	$24,720		Increase by 2%	$25,214	$25,214	Aug Only
Fertiliser	$52,550		Increase by 2.5%	$53,864	$26,932	1/2 Oct & Nov	$29,625
Pickers	$15,350	$92,620	5% of revenue	$20,790	$6,930
Gross Profit		$159,380		$99,868
Operating Expenses
Selling Expenses
Cartage	$4,420		2% of revenue	$8,316	$2,772		$3,049.20
Salesman Salary	$20,000	$24,420	No change	$20,000	$10,000	Feb & Mar
Administration Expenses
Orchard Manager Salary	$60,000		Increase by 5%	$63,000.00	$5,250
Orchard Staff Salaries	$80,000		Increase by 2%	$81,600.00	$6,800
Utilities	$10,380		Increase by 4%	$10,795.20	$900		$989.56
Rates	$5,210		Increase by 2%	$5,314	$443		$487.14
Repairs/Maintenance	$14,870		Decrease by 15%	$12,640	$1,053		$1,158.62
Deprecation Equipment	$20,000	$190,460	20% diminishing value	$16,000	$1,333
Financial Expenses
Bank Fees	$990	$990	Increase by 10%	$1,089	$91
Net Profit		-$56,490
		TOTALS		$834,290	$226,318
Balance Sheet
Current Assets
Cash		$4,810
Accounts Receivable		$84,000
Fertiliser (Purchases)		$5,000	$93,810
Non-Current Assets
Land		$2,400,000
Buildings		$460,000
Equipment	$250,000
Accumulated Depreciation Equipment	-$170,000	$80,000	$2,940,000
Total Assets			$3,033,810
Current Liabilities
GST Payable		$1,630	$1,630
Net Assets			$3,032,180
Capital
Opening Capital		$ 3,088,670
		-$ 56,490	$ 3,032,180
BANK LOAN	10000			600