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    Poultry House Project NT: Item Assumption

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    nelson
    This document contains projected financial statements and budgets for a poultry house project with 2,500 laying hens over 5 years. Key details include: 1) Total capital expenditure is R1,067,000 and working capital needs are R578,000. Revenue is projected to grow 10% annually with inflation at 6%. 2) In year 1, net income is projected to be R114,000. By year 5, net income is projected to reach R121,740. 3) A sample budget estimates annual receipts of R1,054,044 from egg sales and selling aged hens. Total costs are R829,150, yielding estimated net returns of R224,894

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    Poultry House Project NT: Item Assumption

    Uploaded by

    nelson
    23 views4 pages
    This document contains projected financial statements and budgets for a poultry house project with 2,500 laying hens over 5 years. Key details include: 1) Total capital expenditure is R1,067,000 and working capital needs are R578,000. Revenue is projected to grow 10% annually with inflation at 6%. 2) In year 1, net income is projected to be R114,000. By year 5, net income is projected to reach R121,740. 3) A sample budget estimates annual receipts of R1,054,044 from egg sales and selling aged hens. Total costs are R829,150, yielding estimated net returns of R224,894

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    This document contains projected financial statements and budgets for a poultry house project with 2,500 laying hens over 5 years. Key details include: 1) Total capital expenditure is R1,067,000 and working capital needs are R578,000. Revenue is projected to grow 10% annually with inflation at 6%. 2) In year 1, net income is projected to be R114,000. By year 5, net income is projected to reach R121,740. 3) A sample budget estimates annual receipts of R1,054,044 from egg sales and selling aged hens. Total costs are R829,150, yielding estimated net returns of R224,894

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    23 views4 pages

    Poultry House Project NT: Item Assumption

    Uploaded by

    nelson
    This document contains projected financial statements and budgets for a poultry house project with 2,500 laying hens over 5 years. Key details include: 1) Total capital expenditure is R1,067,000 and working capital needs are R578,000. Revenue is projected to grow 10% annually with inflation at 6%. 2) In year 1, net income is projected to be R114,000. By year 5, net income is projected to reach R121,740. 3) A sample budget estimates annual receipts of R1,054,044 from egg sales and selling aged hens. Total costs are R829,150, yielding estimated net returns of R224,894

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    © All Rights Reserved
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    Poultry House Project NT

    Projected Financial Statement


    Item Assumption
    Capital expenditure R1,067,000
    Working capital requirements R578,000
    Working days per month 26 days
    Debtors collection period 30 days
    Creditors payment period 45 days
    Revenue growth 10%
    inflation rate 6%
    Average contribution margin 45.80%
    Stock turnover rate 7 days
    Farm capacity 2,500 layers
    Mortality rate 0.15% per week
    280 eggs per annum are produced by each layer bird;
    Efficiency result per layer bird approximately 23 eggs are produced by each layer bird per
    month
    Rate of lay 2 eggs every 3 days per layer bird
    Total eggs laid per annum 54,825 dozens
    Effective period of laying = 52 weeks
    Laying period Birds will be hosted at 18 weeks of age and molted at 70 weeks
    of age
    Laying period feed per bird 40 - 50 Kg per layer bird
    Feed consumption 120g - 150g per layer bird
    Feed required to produce a dozen eggs 1.75 + - 0.19 kg feed
    Weight of feed per bag per Kg 50Kg
    Average selling price of eggs (per dozen) R15.00

    Average selling price of eggs per tray (30 eggs) R38.00

    Selling price = R25 per 25Kg bag


    Sale of manure and litters
    Frequency = twice per year
    §  Age of sale = 70 - 110 weeks of age
    Sale of unproductive aged layer birds (fowl) §  Average weight = 1.8 Kg
    §  Average farm price = R20
    Financial Plan

    Projected Income Statement


    Sales Year 1 Year 2 Year 3 Year 4
    Sale of Eggs 949,100 1,044,010 1,148,411 1,263,252

    Sale of Manure for Fertilizer 15,100 16,610 18,271 20,098

    Sale of aged unproductive layers 20,000 22,000 24,200 26,620


    Total Sales 984,200 1,082,620 1,190,882 1,309,970

    Cost of Goods Sold


    Material 504,778 555,256 610,782 671,860
    Labour 47,455 52,201 57,421 63,163

    Total Variable COGS 552,233 607,457 668,203 735,023

    Total Cost of Goods Sold 552,233 607,457 668,203 735,023

    Gross Profit 431,967 475,163 522,679 574,947

    Operating Expenses

    Sales & Marketing 6,000

    Research & Development -

    G & A (without Depreciation) 171,360 3,780 3,968 4,167

    Depreciation 254,448 - - -
    176,678 185,516 194,793

    Total Operating Expenses 431,808 254,452 254,452 254,450

    Income From Operations 159 434,910 443,936 453,410

    Income before Taxes 159 40,253 78,743 121,537

    Taxes on Income 45 11,271 22,048 34,030

    Net Income After Taxes 114 28,982 56,695 87,507


    Year 5
    1,389,577

    22,108

    29,282
    1,440,967

    739,045
    69,479

    808,524

    808,524

    632,443

    4,376

    -
    204,534

    254,450

    463,360

    169,083

    47,343

    121,740
    Budgets

    The following budget is based on the assumption that birds are housed at 18
    weeks of age and sold at 70 - 110 weeks of age (52 weeks of production)

    Item  Quality Unit Price Total


    Receipts
    Jumbo and extra large 23,606 Dozen 18 424,908
    Large 27,376 Dozen 15 410,640
    Medium 11,308 Dozen 12 135,696
    Receipts from eggs 62,291 - - 971,244
    Fowl sold: 2300 @ 1.8 Kg 4,140 Kg 20 82,800
    Total Receipts 1,054,044
    Variable costs
    Pullets 2,500 Bird 60 150,000

    Feed 2,500 50 Kg/ bag 200 500,000

    Advertising 2,400

    Utilities - electricity and water 6,000

    Repairs and maintenance 1,025

    Egg cartoning and packaging 46,488

    Total variable costs 705,913

    Return above variable costs 348,131

    Fixed costs
    Labor 86,400
    Insurance 25,000
    Egg cooler 15,000 10 yr 2,250
    Building (related costs) 39,600 10 yr 5,940
    Equipment (related costs) 24,312 10 yr 3,647
    Total fixed costs 123,237
    Total costs 829,150
    Net returns 224,894

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