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Financial Statement Education Management

The document outlines the startup costs and projected income for a childcare center over five years, detailing initial expenses totaling RM 66,098.50 and monthly operating costs of RM 31,134.25 for the first two years. It provides cash flow projections showing losses in the first year but increasing profits in the second year and beyond, with projected income rising to RM 502,200.00 by year five. The salary structure for staff and associated expenses are also included, indicating a structured financial plan for the childcare center's operations.

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celinapang08
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8 views

Financial Statement Education Management

The document outlines the startup costs and projected income for a childcare center over five years, detailing initial expenses totaling RM 66,098.50 and monthly operating costs of RM 31,134.25 for the first two years. It provides cash flow projections showing losses in the first year but increasing profits in the second year and beyond, with projected income rising to RM 502,200.00 by year five. The salary structure for staff and associated expenses are also included, indicating a structured financial plan for the childcare center's operations.

Uploaded by

celinapang08
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
You are on page 1/ 15

Start up cost

Centre's rental deposit 15,500.00


Electricity and water deposit 2,000.00
Renovation 15,000.00
Furniture & Equipments 27398.50
Promoting Budget 6200.00
66,098.50

YEAR 1 & 2

Operating budget (per month)


Electricity 800.00
Water 50.00
Internet 130.00
Rental 1,500.00
Water filter 120.00
Total salary 24,100.00
KWSP 3,133.00
SOCSO + EIS 301.25
Upkeep 800.00
Sundry expenses 500.00
Printing and stationary 500.00
31,134.25

Year 1 projected income Jan Feb Mar


Child care 27,000 27,000 28,500

Year 2 projected income Jan Feb Mar


Child care 33,000 33,000 33,000

Year 1 cash flow projection Jan Feb Mar


Income 27,000 27,000 28,500

Electricity 300.00 320.10 280.60


Water 92.10
Internet 131.20 132.30 133.00
Rental 3,000.00 3,000.00 3,000.00
Water filter 200.00 121.10 198.10
Staff salary 24,100 24,100 24,100
KWSP 3,133 3,133 3,133
SOCSO + EIS 301.25 301.25 301.25
Upkeep 260
Sundry expenses 230
Printing and stationary 175

31,165.45 31,604.85 31,405.95

Profit/(Loss) - 4,165.45 - 4,604.85 - 2,905.95

Year 2 cash flow projection Jan Feb Mar


Income 33,000 33,000 33,000

Electricity 300.00 320.10 280.60


Water 92.10
Internet 131.20 132.30 133.00
Rental 3,000.00 3,000.00 3,000.00
Water filter 122.00 121.10 123.20
Staff salary 24,100 24,100 24,100
KWSP 3,133 3,133 3,133
SOCSO + EIS 301.25 301.25 301.25
Upkeep 230
Sundry expenses 300
Printing and stationary 200

31,087.45 31,929.85 31,071.05

Profit 1,912.55 1,070.15 1,928.95

Income and expenditure budget 3-5 Year 3 Year 4 Year 5


Income 451,000.00 475,360.00 502,200.00

Salary 307,200.00 325,200.00 343,200.00


Electricity 4,618.50 4,452.32 4,531.20
Water 489.00 451.20 500.00
Internet 1,560.00 1,586.00 1,543.00
Rental 36,000.00 36,000.00 36,000.00
Water filter 1,440.00 1,440.00 1,480.00
KWSP 39,936.00 42,276.00 44,616.00
SOCSO + EIS 3,840.00 4,065.00 4,290.00
Upkeep 1,960.00 2,024.00 2,120.00
Sundry expenses 1,865.00 1,984.26 2,035.15
Printing and stationary 1,735.00 1,845.18 1,923.87
400,643.50 421,323.96 442,239.22

Profit 50,356.50 54,036.04 59,960.78


Apr May Jun Jul Aug Sep
28,500 30,000 30,000 31,500 31,500 31,500

Apr May Jun Jul Aug Sep


33,000 34,500 34,500 36,000 36,000 36,000

Apr May Jun Jul Aug Sep


28,500 30,000 30,000 31,500 31,500 31,500

402.80 287.30 304.50 355.60 452.40 345.20


94.20 96.60 98.40
132.60 134.10 131.80 135.10 130.60 134.30
3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00
124.20 120.10 197.20 125.30 122.60 123.70
24,100 24,100 24,100 24,100 24,100 24,100
3,133 3,133 3,133 3,133 3,133 3,133
301.25 301.25 301.25 301.25 301.25 301.25
180 350
500 240 194
162 209 250

31,950.05 31,075.75 31,893.35 31,150.25 32,132.25 31,137.45

- 3,450.05 - 1,075.75 - 1,893.35 349.75 - 632.25 362.55

Apr May Jun Jul Aug Sep


33,000 34,500 34,500 36,000 36,000 36,000

402.80 287.30 304.50 355.60 452.40 345.20


94.20 96.60 98.40
132.60 134.10 131.80 135.10 130.60 134.30
3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00
124.20 120.10 121.20 120.20 124.60 123.70
24,100 24,100 24,100 24,100 24,100 24,100
3,133 3,133 3,133 3,133 3,133 3,133
301.25 301.25 301.25 301.25 301.25 301.25
540 200 290
400 200 600
150 325 168

32,378.05 31,075.75 31,913.35 31,145.15 32,108.25 31,427.45

621.95 3,424.25 2,586.65 4,854.85 3,891.75 4,572.55


Oct Nov Dec
31,500 33,000 33,000 RM363,000.00

Oct Nov Dec


37,500 39,000 41,500 RM427,000.00

Oct Nov Dec


31,500 33,000 33,000 RM363,000.00

415.30 451.80 382.10 4,297.70


101.20 100.80 583.30
132.00 130.00 133.40 1,590.40
3,000.00 3,000.00 3,000.00 36,000.00
199.60 124.10 120.90 1,776.90
24,100 24,100 24,100 289,200
3,133 3,133 3,133 37,596
301.25 301.25 301.25 3,615
450 1,240
175 430 1,769
145 167 1,108

31,702.35 31,690.15 31,868.45 378,776.30

- 202.35 1,309.85 1,131.55 - 15,776.30

Oct Nov Dec


37,500 39,000 41,500 427,000

415.30 451.80 382.10 4,298


101.20 100.80 583
132.00 130.00 133.40 1,590
3,000.00 3,000.00 3,000.00 36,000
120.60 124.10 120.90 1,466
24,100 24,100 24,100 289,200
3,133 3,133 3,133 37,596
301.25 301.25 301.25 3,615
500 1,760
180 280 1,960
200 450 1,493

31,683.35 31,240.15 32,501.45 379,561.30

5,816.65 7,759.85 8,998.55 47,438.70


Income
Child care Per person RM 1,500.00

Year 1 Jan ( 18 Stu ) Feb ( 18 Stu ) Mac ( 19 Stu ) Apr ( 19 Stu )


RM 27,000.00 RM 27,000.00 RM 28,500.00 RM 28,500.00

Year 2 Jan ( 22 Stu ) Feb ( 22 Stu ) Mac ( 22 Stu ) Apr ( 22 Stu )


RM 33,000.00 RM 33,000.00 RM 33,000.00 RM 33,000.00
May ( 20 Stu ) Jun ( 20 Stu ) Jul ( 21 Stu ) Aug ( 21 Stu ) Sept ( 21 Stu )
RM 30,000.00 RM 30,000.00 RM 31,500.00 RM 31,500.00 RM 31,500.00

May ( 23 Stu ) Jun ( 23 Stu ) Jul ( 24 Stu ) Aug ( 24 Stu ) Sept ( 24 Stu )
RM 34,500.00 RM 34,500.00 RM 36,000.00 RM 36,000.00 RM 36,000.00
Oct ( 21 Stu ) Nov ( 22 Stu ) Dec ( 22 Stu ) Total
RM 31,500.00 RM 33,000.00 RM 33,000.00 RM 363,000.00

Oct ( 25 Stu ) Nov ( 26 Stu ) Dec ( 27 Stu ) Total


RM 37,500.00 RM 39,000.00 RM 41,500.00 RM 427,000.00
SALARY & IN
Year 1 & 2 Cash flow
Staffs Salary KWSP %
Personal assistant 2500 13%
Hr director 2300 13%
Administration 1500 13%
Accountant 2100 13%
Occupational therapist 1800 13%
Speech language therapist 1800 13%
Physiotherapy 1800 13%
Special needs educator 1600 13%
Special needs educator 1600 13%
Assistant teacher 1500 13%
Assistant teacher 1500 13%
Chef 1000 13%
Cleaner 1100 13%
Security guard 1000 13%
Gardener 1000 13%

Total 24100

Year 3 Cash flow


Staffs Months Salary KWSP %
Personal assistant 2600 13%
Hr director 2400 13%
Administration 1600 13%
Accountant 2200 13%
Occupational therapist 1900 13%
Speech language therapist 1900 13%
Physiotherapy 1900 13%
Special needs educator 1700 13%
Special needs educator 1700 13%
Assistant teacher 1600 13%
Assistant teacher 1600 13%
Chef 1100 13%
Cleaner 1200 13%
Security guard 1100 13%
Gardener 1100 13%
Total 12 25600 307200
SALARY & INCREMENT
Year
KWSP socso % SOCSO Staffs
325 1.25% 31.25 Personal assistant
299 1.25% 28.75 Hr director
195 1.25% 18.75 Administration
273 1.25% 26.25 Accountant
234 1.25% 22.5 Occupational therapist
234 1.25% 22.5 Speech language therapist
234 1.25% 22.5 Physiotherapy
208 1.25% 20 Special needs educator
208 1.25% 20 Special needs educator
195 1.25% 18.75 Assistant teacher
195 1.25% 18.75 Assistant teacher
130 1.25% 12.5 Chef
143 1.25% 13.75 Cleaner
130 1.25% 12.5 Security guard
130 1.25% 12.5 Gardener

3133 301.25 Total

Year
KWSP socso % SOCSO Staffs
338 1.25% 32.50 Personal assistant
312 1.25% 30.00 Hr director
208 1.25% 20.00 Administration
286 1.25% 27.50 Accountant
247 1.25% 23.75 Occupational therapist
247 1.25% 23.75 Speech language therapist
247 1.25% 23.75 Physiotherapy
221 1.25% 21.25 Special needs educator
221 1.25% 21.25 Special needs educator
208 1.25% 20.00 Assistant teacher
208 1.25% 20.00 Assistant teacher
143 1.25% 13.75 Chef
156 1.25% 15.00 Cleaner
143 1.25% 13.75 Security guard
143 1.25% 13.75 Gardener
3328 320.00 Total
39936 3840.00
Year 4 Cash flow
months Salary KWSP % KWSP socso % SOCSO
2700 13% 351 1.25% 33.75
2500 13% 325 1.25% 31.25
1700 13% 221 1.25% 21.25
2300 13% 299 1.25% 28.75
2000 13% 260 1.25% 25.00
2000 13% 260 1.25% 25.00
2000 13% 260 1.25% 25.00
1800 13% 234 1.25% 22.50
1800 13% 234 1.25% 22.50
1700 13% 221 1.25% 21.25
1700 13% 221 1.25% 21.25
1200 13% 156 1.25% 15.00
1300 13% 169 1.25% 16.25
1200 13% 156 1.25% 15.00
1200 13% 156 1.25% 15.00

12 27100 325200 3523 338.75


42276 4065

Year 5 Cash flow


months Salary KWSP % KWSP socso % SOCSO
2800 13% 364 1.25% 35.00
2600 13% 338 1.25% 32.50
1800 13% 234 1.25% 22.50
2400 13% 312 1.25% 30.00
2100 13% 273 1.25% 26.25
2100 13% 273 1.25% 26.25
2100 13% 273 1.25% 26.25
1900 13% 247 1.25% 23.75
1900 13% 247 1.25% 23.75
1800 13% 234 1.25% 22.50
1800 13% 234 1.25% 22.50
1300 13% 169 1.25% 16.25
1400 13% 182 1.25% 17.50
1300 13% 169 1.25% 16.25
1300 13% 169 1.25% 16.25
12 28600 343200 3718 357.50
44616 4290.00

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