Sample 3 Year Balance Sheet Forecast for ACT Technical Services

3 Year Projected Balance Sheet
ACT Technical Services

 
Projected
 OpeningYear 1Year 2Year 3
Assets    
Current assets    
Cash$17,000$10,337$30,929$66,636
Accounts receivable$0$20,016$23,384$29,639
Total current assets$17,000$30,353$54,313$96,275
     
Fixed assets    
Equipment$27,900$27,900$27,900$27,900
Other Assets$71,750$71,750$71,750$71,750
Less depreciation$0($5,065)($10,130)($15,195)
Total fixed assets$99,650$94,585$89,520$84,455
     
Total assets$116,650$124,938$143,833$180,730
     
Liabilities and equity    
Current liabilities    
Accounts payable$0$0$0$0
Current portion of long term debt$4,928$5,297$5,694$6,121
Total current liabilities$4,928$5,297$5,694$6,121
     
Long term debt    
Bank loan$23,692$18,395$12,701$6,580
Total long term debt total$23,692$18,395$12,071$12,701
     
Total Liabilities$28,620$23,692$17,76512,701
     
Equity position    
Equity$11,665$11,665$11,665$11,665
ADPC$76,365$76,365$76,365$76,365
Retained earnings$0$13,216$38,038$79,999
Total equity$88,030$101,246$126,068$168,029
     
Total liabilities and equity$116,650$124,938$143,833$180,730
     

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