Sample 3 Year Projected Income Statment For ACT Technical Services

3 Year Projected Income Statement ACT Technical Services
	Year 1	Year 2	Year 3
Revenue
Direct Training	$77,393	$95,603	$120,186
Training Sub-Contract	$32,778	$42,794	$44,615
Manual Development	$22,275	$22,275	$28,958
Other Revenue	$10,000	$10,000	$10,000
Total revenue	$142,446	$170,671	$203,758

Expenses
Owners wages	$45,000	$47,250	$49,613
Sub-Contracting	$38,978	$49,368	$61,658
Training Supplies	$4,273	$5,120	$6,113
Travel	$5,000	$5,000	$5,000
Accommodations	$5,500	$5,500	$5,500
Advertising	$5,000	$5,000	$5,000
Promotion	$2,500	$2,500	$2,500
Brochures & CD’s	$5,000	$5,000	$5,000
Website	$1,800	$1,800	$1,800
Office Supplies	$1,200	$1,201	$1,202
Insurance	$1,500	$1,500	$1,500
Telephone	$2,400	$2,400	$2,400
Accounting	$2,500	$2,500	$2,500
Rent	–	$3,000	$3,200
Bank charges	$300	$300	$300
Postage Courier	$300	$300	$300
Miscellaneous	$1,000	$1,500	$2,000
Total expenses	$122,252	$139,240	$155,585

Operating profit	$20,194	$31,431	$48,173

Interest	$1,913	$1,544	$1,147
Depreciation	$5,065	$5,065	$5,065

Net profit	$13,216	$24,823	$41,961