Balance sheet
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This pro-forma balance sheet shows the projected assets, liabilities, and equity for a fruit shop called Fruit Shack Enterprise over three years. It includes non-current assets like land, buildings, and equipment that depreciate over time. Current assets like inventory and accounts receivable are projected to increase each year as the business grows. Owner's equity and accumulated profits are forecasted to rise with continued positive earnings. Long-term debt from loans and purchases declines annually as scheduled payments are made. Current liabilities from accounts payable remain steady.
Balance sheet
- 1. FRUIT SHACK ENTERPRISE PRO-FORMA BALANCE SHEET Year 1 Year 2 Year 3 ASSETS Non-Current Assets (Book Value) Land & Building Office Furniture Office Equipment Renovation Fixture & Fittings Sign Board 3,634 10,128 2,000 3,708 960 2,907 8,102 1,600 2,966 2,326 6,482 1,280 2,373 768 614 Van Motorcycle Machinery & Equipment 16,000 4,720 7,818 12,800 3,776 6,255 10,240 3,021 5,004 48,968 39,174 31,340 0 0 0 38,190 65,073 107,946 38,190 65,073 107,946 87,158 104,247 139,286 61,210 5,138 66,348 61,210 25,585 86,795 61,210 63,979 125,189 13,425 10,069 6,712 13,425 10,069 6,712 7,385 7,384 7,384 87,158 104,247 139,286 Other Assets Deposit Current Assets Stock of Raw Materials Stock of Finished Goods Accounts Receivable Cash Balance TOTAL ASSETS Owners' Equity Capital Accumulated Profit Long-Term Liabilities Loan Balance Hire-Purchase Balance Current Liabilities Accounts Payable TOTAL EQUITY & LIABILITIES