Pre-feasibility Granite Quarry Project - Sindh Board Of Investment ...

PRE-FEASIBILITY GRANITE QUARRY PROJECT 20107.2. Projected Cash Flow StatementCASH FLOW FROM OPERATINGACTIVITIESMODEL QUARRY - PROJECTED CASH FLOW STATEMENTYear 0Year 1 Year 2 Year 3 Year 4 Year 5Profit / (Loss) before taxation 4,773,800 12,367,110 27,074,722 36,410,779 42,933,747Adjustment for - Depreciation 13,550,000 13,550,000 13,550,000 13,550,000 13,550,000Adjustment for - Financial charges 192,000 241,920 338,688 400,075 443,417Profit before working capitalchanges 18,515,800 26,159,030 40,963,410 50,360,854 56,927,164Change in working capital:Increase/(Decrease) in currentassetsAccounts receivable (3,200,000) (832,000) (1,612,800) (1,023,120) (722,358)Stores and Spares (283,500) (14,175) (14,884) (15,628) (16,409)(3,483,500) (846,175) (1,627,684) (1,038,748) (738,767)Increase/(Decrease) in accruedliabilities 737,500 7,125 73,806 81,154 89,23515,769,800 25,319,980 39,409,532 49,403,260 56,277,631Payment of financial charges (192,000) (241,920) (338,688) (400,075) (443,417)Payment of tax - - - (9,102,695) (10,733,437)Net cash flow from operatingactivities 15,577,800 25,078,060 39,070,844 39,900,490 45,100,778CASH FLOW FROM INVESTINGACTIVITIESPurchase of fixed assets (72,500,000) - - - - -Net cash flow from Investingactivities (72,500,000) - - - - -CASH FLOW FROM FINANCINGACTIVITIESEquity contribution 81,700,600 - - - - -Payment of Profits - - - (26,529,379) (26,996,602) (50,198,045)Net cash flow from financingactivity 81,700,600 - - (26,529,379) (26,996,602) (50,198,045)Net cash flow for the year 9,200,600 15,577,800 25,078,060 12,541,465 12,903,888 (5,097,267)Cash and bank balances at thebeginning of year - 9,200,600 24,778,400 49,856,460 62,397,925 75,301,813Cash and bank balances at the endof the year 9,200,600 24,778,400 49,856,460 62,397,925 75,301,813 70,204,54625