2. Pre-Feasibility Study for Environmentally Controlled Poultry House

PRE-FEASIBILITY, CONTROLLED POULTRY HOUSE OF 30,000 BIRDS 20104.4. Projected Cash Flow StatementOperating activitiesCalculations Poultry - SBICash Flow StatementYear 0 Year 1 Year 2 Year 3 Year 4 Year 5Net profit - 1,795,425 3,070,618 4,529,363 6,198,411 8,108,826Add: Depreciation expense - 2,986,700 2,986,700 2,986,700 2,986,700 2,986,700Amortization expense - Preoperatingcost - - - - -Inventory (4,896,220) (524,538) (576,926) (634,618) (698,080) (767,889)Cash provided byoperations (4,896,220) 4,257,587 5,480,392 6,881,445 8,487,031 10,327,637Financing activitiesChange in long term debt 14,795,360 (1,913,931) (2,333,831) (2,845,852) (3,470,207) (4,231,539)Change in short term debtIssuance of shares 14,795,360 - - - - -Cash provided by / (usedfor) financing activities 29,590,720 (1,913,931) (2,333,831) (2,845,852) (3,470,207) (4,231,539)Investing activitiesCapital expenditure (23,816,000)Cash (used for) / providedby investing activities (23,816,000)Net Cash 878,500 2,343,656 3,146,562 4,035,592 5,016,824 6,096,098Cash balance broughtforward 878,500 878,500 3,222,156 6,368,718 10,404,310 15,421,134Cash available forappropriation 3,222,156 6,368,718 10,404,310 15,421,134 21,517,231Dividend 0 0 0 0 0 0Cash carried forward 878,500 3,222,156 6,368,718 10,404,310 15,421,134 21,517,23122