2. Pre-Feasibility Study for Environmentally Controlled Poultry House

4.3. Projected Income StatementRevenue from Sales (Birds &Empty Feed Bags)Statement Summaries EC Poultry House - SBIProjected Income StatementYear 1 Year 2 Year 3 Year 4 Year 553,194,080 58,513,488 64,364,837 70,801,320 77,881,453Cost of DOCs (12,093,120) (12,697,776) (13,332,665) (13,999,298) (14,699,263)Cost of Feed per annum (26,440,160) (29,084,176) (31,992,594) (35,191,853) (38,711,038)Cost of other goods(vaccination, electricity, diesel,spray etc)(4,780,000) (5,175,200) (5,604,124) (6,069,739) (6,575,279)General administration &selling expensesGross Profit 9,880,800 11,556,336 13,435,454 15,540,431 17,895,872Administration expense (1,182,000) (1,300,200) (1,430,220) (1,573,242) (1,730,566)Communications expense(phone, fax, mail, internet, etc.)Office expenses (stationary,entertainment, janitorialservices, etc.)Professional fees (legal, audit,consultants, etc.)(50,000) (55,000) (60,500) (66,550) (73,205)(45,000) (49,500) (54,450) (59,895) (65,885)(45,000) (49,500) (54,450) (59,895) (65,885)Depreciation expense (2,986,700) (2,986,700) (2,986,700) (2,986,700) (2,986,700)Sub Total (4,308,700) (4,440,900) (4,586,320) (4,746,282) (4,922,240)Operating Profit 5,572,100 7,115,436 8,849,134 10,794,149 12,973,632Less Financial Charges 2,809,907 2,391,408 1,880,884 1,258,133 498,515Net Profit Before Tax 2,762,193 4,724,028 6,968,250 9,536,016 12,475,117Provision For Income Tax 966,767 1,653,410 2,438,888 3,337,606 4,366,291Net Profit/Loss After Taxes 1,795,425 3,070,618 4,529,363 6,198,411 8,108,826