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Masindi Women Livelihood Support
Program (MWOLIP)
BUSINESS PLAN
2016-2018
AUGUST 2015
Contact Person:
Akena Daniel
Safeplan Uganda
Plot 22 Kamurasi Road-
Tel: +256 362 280041
P.O Box 74, Masindi Uganda
Email: [email protected]
Safeplan Uganda P.O Box 74, Plot 22 Kamurasi road Masindi Uganda Email: [email protected] Page 2
Contents
1 Executive Summary ......................................................................................... 3
1.1 Organisation Description ................................................................................ 3
1.2 Mission, Goal and Objectives........................................................................... 3
1.3 Brief Product/ Service Description.................................................................... 3
1.4 Brief Funding Request .................................................................................... 3
1.5 Value Proposition .......................................................................................... 4
1.6 Product / Service Description .......................................................................... 4
1.7 Triple Bottom Line Impact .............................................................................. 4
2 Market structure .............................................................................................. 6
2.1 Market Environment ...................................................................................... 6
2.2 Target Market (Customer Analysis) .................................................................. 7
2.3 Competitor Analysis ....................................................................................... 7
3 The Organisation .............................................................................................. 8
3.1 Enterprise Structure ...................................................................................... 8
3.2 Resources .................................................................................................... 8
3.3 Partners ..................................................................................................... 10
3.4 Community Engagement .............................................................................. 11
4 Operations ..................................................................................................... 12
4.1 Operational Strategy .................................................................................... 12
4.2 Value Chain Analysis .................................................................................... 13
4.3 Marketing Strategy ...................................................................................... 13
4.4 Sales Targets .............................................................................................. 14
5 Risk Management ........................................................................................... 16
5.1 SWOT Analysis ............................................................................................ 16
5.2 Risk Analysis and Mitigation Measures ............................................................ 16
6 Appendices .................................................................................................... 18
6.1 Financial Assumptions .................................................................................. 18
6.1.1 Profit and loss forecast (Income statement forecast) ...................................... 20
Safeplan Uganda P.O Box 74, Plot 22 Kamurasi road Masindi Uganda Email: [email protected] Page 3
1 Executive Summary
1.1 Organisation Description
Safeplan Uganda is a registered community based organisation founded by 11 members in
2011, in Masindi District with an aim of improving income, creating jobs and conserving the
environment through energy saving technology, sensitising the masses on good health and
environmental protection by keeping bee for honey production, and candle making while
empowering women to be self reliant.
1.2 Mission, Goal and Objectives
Safeplan mission is to ensure sustainable livelihood for the rural poor through improved energy
saving technology and honey production, the specific goal is to have atleast 400 self-reliant and
economically empowered women improve honey production, and tree planting by Dec 2018
while conserving the natural resources in a sustainable land and forest management practices.
1.3 Brief Product/ Service Description
Safeplan has many products but BUWOBE main product is natural organic honey with optimum
sugar content, longer shelf life, ready to taste and medicinal, the mosiquito repellant candle
products made from waste of bees wax with bright flames, sort free, non dripping with up to five
lighting hours. Other products are energy efficient saving cooking technologies like improved
cooking stoves; rocket lorena for both domestic and institutional use.
1.4 Brief Funding Request
Safeplan seeks 40,000U$ to be used for mobilization, secure inputs, train more farmers, build
the capacity of the members to effeciently manage bee farming practices, while increasing food
production and adaptating to climate change. They will also be trained in business skills,
raising awareness on environmental protection and mitigation, advocacy and expanding tree
planting exercise to other parts of Budongo and sorrounding areas.
Safeplan Uganda P.O Box 74, Plot 22 Kamurasi road Masindi Uganda Email: [email protected] Page 4
1.5 Value Proposition
The Budongo Women honey is pure natural honey got from natural bee processes that make
honey from crops and trees in the forest. Over the years the demand of Budongo honey has
been growing especially with the small producers supplying only about 5%.
Through the Livelihood support more women will be engaged in income generating enterprise
like bee keeping as a lifetime career producing even more volumes of honey and improving the
quality everyday while growing food crops at the same time adapting to climate change.
The women are normally committed when they have activities that support their daily income
like agricultural activities to provide food and honey to supplement on family income.
BUWOBE being based in the community is well placed to mobilise, organize and implement
local initiatives that address environmental issues. The enterprise through its cluster in all
villages around the forest shall ensure that every household has at least 10 bee hives, 100
trees and an improved cooking stove as a prerequisite to ensure every household can earn
from honey production and get the benefits of smoke free cooking.
The enterprise already has a local market and support in terms of technology, efficient energy
supply for rural setting, and minimum required technical skills needed the enterprise will provide
employment indirectly to more than 20 members. Besides, honey is a local remedy for cough in
children and the mosquito repellant candles provide a health value to the people.
1.6 Product / Service Description
Natural honey is made by bees that collect nectar from natural plants, water and sugar
substances to make honey. BUWOBE honey is purely natural and organic in nature with no
chemical activities in all its processes. The bees pollinate plants through the process of insect
pollination thus increasing crop yield at the same time providing alternative earning from the
honey they make. During the process of honey harvesting, sieving from the honey combs, a
waste product called wax is got which shall be processed with citronella to make mosquito
repellent candles. This combination of product and services provide health values, income and
protects encroachment to the forest by the community. The enterprise specific aim is to ensure
effective customer management, receive feedback on both honey and candle products in terms
of quality so that the enterprise can continuously improve to attain high quality to compete in the
market.
1.7 Triple Bottom Line Impact
Safeplan Uganda P.O Box 74, Plot 22 Kamurasi road Masindi Uganda Email: [email protected] Page 5
Social
Area Target Indicator
Community benefits
Establish one honey collection and
packaging centre by July 2016
Number of collection and
packaging centre established
Education and
occupational training
Conduct apiary training to 400
households by Dec 2018
Training in candle making 50 youths
Dec 2016
Conduct gender sensitization training
of 400 families by Dec 2017
Number of youths/women
trained candle making.
Number making candles for a
living
No of bee wax candles in the
market.
Women involvement
Train 40 women community
facilitators by Dec 2016
Increasing number of women groups
to 15 by Dec 2016
Number of women trained
Number of groups assisted
increased
Number of women leading
women in the community
Full time living occupation Employment created to 500
households by Dec 2020
Number of jobs created
Livelihood for enterprise
owners
Increasing income for enterprise
owners by 30%
Percentage increased
Environmental
Environmental impact of
the enterprise reduced
At least recycle 2000kgs of bee wax by
Dec 2016
Number of kilograms recycled
Quantity of wax sold.
Environmental training
and awareness
Conduct environmental protection
campaign 1000 families by Dec
2018
Supplying seedlings to 1000 families
by Dec 2018
Number of families trained
Risk reduction committee
created in the community
Number of families trained
Changes in community
choices and actions
Plant at least 20,000 trees by Dec
2018
At least 400 households adopt
Number of trees planted
Safeplan Uganda P.O Box 74, Plot 22 Kamurasi road Masindi Uganda Email: [email protected] Page 6
efficient energy cooking
technologies by Dec 2018
Number of households adopt
Economic
Business plan in place
reviewed and submitted
Business plan completed by Dec
2015
Business plan reviewed and
updated every six months for three
years
Number of business plan
drafted.
Number of business plan
reviews and updates undertaken
Household incomes
improve
To improve households income by
15% annually in the next 3 years
Percentage increase
Marketing networks
established
To establish 10 marketing linkages by
Dec 2016
Number of marketing linkages
established
Business opportunities
created
Increase number of customer to 30% by
Dec 2017
Number of customers increased
Technological innovations
in place
To acquire honey processing and
packaging machine by Aug 2015
Number of machines acquired
Financial sustainability Generate revenue of 105 million
annually
Amount of sales generated
2 Market structure
2.1 Market Environment
There is still potential market for honey in Uganda which is not yet satisfied by the local
producers. With the hotels and pharmaceutical industries buying more honey, we expect
tremendous growth in the coming years. Honey product diversification shall generate more
market for honey especially through the pharmaceutical companies in Uganda and the
neighbouring Kenya. Honey is used as cough remedy and jam on bread it can be sold
anywhere, but the trend is changing to potential future markets the pharmaceuticals and
beverages companies for making medicine, sweets and drinks that make bulky purchase with
good payment.
The current producers only serve about 30% or less of the market demand. The structures are
in place to ensure stable supply like the groups in various districts who are also supported with
inputs like boxes, protective gears and trainings.
Safeplan Uganda P.O Box 74, Plot 22 Kamurasi road Masindi Uganda Email: [email protected] Page 7
2.2 Target Market (Customer Analysis)
Our current customers are the elite young people who enjoy syrup to add to bread, leak or use
to take tablets. The second category are the mothers who purchase to mix in medicine or as
cough remedy for children and adults and finally HIV/AIDS patients love it to take ARVs. All
these people need fresh and natural honey from the honey combs with no mixture whatsoever.
They are able to buy at the price we set if they trust the originality of the honey. Local markets
mostly prefer honey in original form from the honey combs.
Our clients have various preferences like taste, authenticity of the source, expiry dates, and
consistency on the quality, well packaged honey packs, fancy containers or sachets for simple
application on bread for hotels or eating with other foods like cassava.
Our clients can be reached through local markets, hawking the product, supermarkets and
some selected grocery shops, or even delivering direct to the premises or hotels. We are also
looking at a new segment, the beverage and pharmaceutical industries starting with those
within the country who would prefer to use honey for drug coatings or even making sweets.
2.3 Competitor Analysis
Commercialisation of honey production is being undertaken by a few farmers who are
producing at group level. Although there are many groups in Uganda, they produce
approximately 30% or less of the market demands. The top three major competitors are the
Bee Natural Honey (10.2%), Bushenyi Honey (7.8%), Peptang pure African honey (5.3%). They
have been in the market for some time and have well established groups just like BUWOBE but
proper management of farmer groups can ensure high production, good quality honey and
affordable price.
The other indirect competitors like blue band butter are already established in the market.
Although the products are not the same, they serve the similar purpose and this provides an
immediate alternative for honey.
The other competitor offering similar product is the simsim and ground nuts paste which is now
commonly used in Uganda as an alternative for margarine. There are many small cottage
industries supplying simsim paste to the market though only a few can provide well packaged
product to attract high class customers.
Generally honey currently does not have many players in the market to offer high competition to
saturate the market, availability of product and product diversification is vital to for market
growth and the enterprise.
Safeplan Uganda P.O Box 74, Plot 22 Kamurasi road Masindi Uganda Email: [email protected] Page 8
3 The Organisation
3.1 Enterprise Structure
Safeplan Uganda is a registered Community based organisation operating in Masindi District
since 2011. The organisation operates by organising groups like the Budongo women Bee
Enterprise register it as a Community Based Organisation to mobilise more members at village
level through which we deliver training, provide inputs and manage the bee farming operations.
Budongo is a fast growing enterprise with big dreams of becoming the leading producer of
honey and its products in East Africa by 2020. Safeplan has appropriate financing mechanism,
a strategic plan in place, attractive packages and bonuses to encourage more farmers to keep
bees, the acquisition of honey processing centre shall provide a collection point and training
centre for honey production at the same time sales and distribution. Safeplan is expanding its
structures to the neighbouring villages around Masindi and in the region. We target to have at
least 50 members from each village in Budongo Sub County and working together with local
and district authority to manage indiscipline amongst community members.
3.2 Resources
The enterprise is owned by qualified member’s who make regular contribution through their
shares and all other services valued to achieve the goals and objectives of the organisation.
The organization structure provides opportunity for staff recruitment who perform day to day
activities of the enterprise.
Job Titles Number of Staff
Contract Duration
Roles and responsibility. Required Qualification
Executive Director
1 24 months
Oversee all the enterprise activities.
Be administrative officer of the enterprise
Chief accounting officer of the enterprise
Any other duty as may be assigned by management
Minimum qualification Diploma in Social work or related discipline.
Finance and Asset manager
1 24 Months
Responsible for providing accountability of resources for the enterprise
Manage all the finance and Asset of the enterprise
Advice on all finance and
Minimum diploma Business administration with other accounting packages.
Safeplan Uganda P.O Box 74, Plot 22 Kamurasi road Masindi Uganda Email: [email protected] Page 9
Asset related development for the enterprise.
Ensure proper keeping of financial records
Sales and marketing officer
1 24 Months
Ensure proper sales and distribution of the enterprise products
Provide regularly sales plan/projection to the enterprise.
Draft, plan and provide data on the market trends and advice accordingly.
Any other duties assigned by management.
Minimum qualification is diploma in sales and marketing or related discipline.
Support Staff 10 12 Months
Perform duties as stipulated and demanded by their immediate supervisors.
Shall have specific regular attachment to one or more departments.
Must be of good character and willing to learn and work
Safeplan Organisation Structure
The AGM (General Assembly) is the supreme organ of the organization mandated to make
policies for Safeplan and its initiatives like BUWOBE, Omugezi Technology Centre and election
of leaders who eventually recruit staff. The Executive Director is the head of the secretariat and
oversees the implementation of the policies decided by the AGM. Besides the core human
resource mentioned in the table before, BUWOBE will in future have designated personnel in
charge of production and human resources as indicated in the chart below.
Safeplan Uganda P.O Box 74, Plot 22 Kamurasi road Masindi Uganda Email: [email protected] Page 10
3.3 Partners
Safeplan works with partners in various fields ranging from capacity building to skills
development and networking. All partners have clearly defined roles and responsibility to
ensure the success of the enterprise. Although some of the relationships are not yet formalised,
Safeplan is currently formalizing its operations with more partners to come on board. The
contribution of the partners cannot be underestimated since their roles are vital to the success
of the enterprise. The enterprise looks forward to creating better working relationship with
present and future partners in areas of marketing, funding, technical and advisory support.
All partners’ contribution shall have clear terms of reference to build and strengthen the
relationship between the partners and the enterprise for sustainable growth and development.
For instance Uganda Small Scale Association may sale BUWOBE products at a commission to
its members. Below is a pictorial showing the current relationships of BUWOBE.
Safeplan Uganda P.O Box 74, Plot 22 Kamurasi road Masindi Uganda Email: [email protected] Page 11
3.4 Community Engagement
Community engagement is very vital for Safeplan, the project is for the people and by the
people therefore it shall benefit from the people. The community shall be the sole supplier of
raw material and labour force in the enterprise, provide security to the enterprise equipment’s,
and the organisation since it is located within their area. They shall provide the market for the
products, financial services, transport services; health and information services and they will
form part of the management of community disaster risk reduction committee and all key
planning activities in the area.
Churches
UIRI
NAAD
S
Hotels
NEMA NFA
UNBS
URA
Importers
of honey
Super markets
Busheny,
Arua,
Nebbii
Honey
Schools/
Colleges
Investment
partners
International Markets
New markets
pharmaceuticals beverages companies
Donors
Safeplan Uganda P.O Box 74, Plot 22 Kamurasi road Masindi Uganda Email: [email protected] Page 12
Initiatives like BUWOBE shall provide the community with employment opportunities,
knowledge and skills through training, access to technology and improved livelihood. The
creation of community tourist site, provision health services, skills centre and other social
amenities that involve community participation.
There may be user policy for some or most of the policy or working papers drafted for
community engagement like cost sharing agreement for social service, or cost free services for
members or families as a means of building stronger ties and relationship with the community.
Community relationship mapping
4 Operations
4.1 Operational Strategy
In ensuring cost reduction and efficiency in honey production the process starts from harvesting
honey from the hives, processing, packaging and distribution. Particular skills shall be required
and additional training provided at the site for harvesting, processing and packaging of the
products for sale. In the long run the enterprise shall ensure cost reduction by eliminating all
waste in the production process that may be affecting the quality of the product by ensuring
qualified and competent staff are recruited and given good orientation. The quality assurance
Safeplan Uganda P.O Box 74, Plot 22 Kamurasi road Masindi Uganda Email: [email protected] Page 13
team shall ensure the whole process has no delays or any activity that will affect the quality of
the product.
Market flexibility is one challenge because honey production is seasonal. This shall be handled
by mobilizing more farmers and serving a manageable market with progressive growth and
holding buffer stock to ensure all year supply of the product. More honey shall be solicited from
other honey producing group in the region and inventory control shall ensure reliable consistent
supply throughout the year.
Timeliness will be achieved by the enterprise through customizing production for particular
clients who may need special packages; Examples are religious churches who buy certain color
of candles with certain scents. To such customers we shall always deliver on time and ensure
the right quantity.
4.2 Value Chain Analysis
4.3 Marketing Strategy
Safeplan through the production groups like BUWOBE will use local network of markets,
members of the community, shop owner’s, supermarkets, hotel and pharmaceutical companies
and other network of organisations.. The major distribution channels for the product are the
shops and supermarkets that shall be supplied with the product. There shall be distribution
points or agents for honey sales either in supermarkets or selected points in major towns.
Community Honey
production
Safeplan
Staff
Partners
(Franchise/agents
Safeplan Uganda P.O Box 74, Plot 22 Kamurasi road Masindi Uganda Email: [email protected] Page 14
The other strategy shall be to identify key areas like individuals who can sell for commission,
and also use attractive pricing plan like in the table below. Bonus, gifts and other packages to
encourage higher volume purchase
Product/service Price customers
are willing to pay
BUWOBE price Reason for setting
price.
Honey 20,000=/kg 20,000=/kg Encourage more
purchase
Bee wax 25,000=/kg 30,000=/kg Scarcity of wax
Bee hives 50,000=/box 70,000=/kg High production cost
and durability
Candle sticks 60,000=/box of
520 candles
65,000=/box The cost of wax and
production and
additives.
Charcoal
stoves
6,000=/stove 8,000=/stove Durability and
efficiency.
4.4 Sales Targets
Sales targets per product / service (Ushs)
Projected sales
2015
Projected sales
2016
Projected sales
2017
Honey 5,000,000 12,500,000 30,000,000
Candle sticks 2,500,000 10,000,000 25,000,000
Improved Charcoal
stoves 1,250,000 10,000,000 25,000,000
Seedlings - 2,500,000 12,000,000
Bee hives - 5,000,000 15,000,000
Total 8,750,000 40,000,000 107,000,000
Safeplan Uganda P.O Box 74, Plot 22 Kamurasi road Masindi Uganda Email: [email protected] Page 15
The assumptions are:
Members are committed to honey production in Budongo and surrounding area
There is stable constant supply of honey to the enterprise
Potential Markets are available to absorb the quality and quantity products supplied
We assume not all customer categories will buy in 2016 reason low production and un
established market yet.
We assume candle sales shall grow with increased honey production and supplemented by
organic synthetic wax in the market supplied by importers.
National Forestry authority offers the enterprise more forest reserves to expand bee farming
Sales targets per customer group
Projected sales 2016 Projected sales
2017
Projected sales 2018
Young people (15-
24)
2,500,000 5,000,000 9,000,000
Adults mothers
and men
5,000,000 5,000,000 18,000,000
Beverages
company
- 12,500,000 25,000,000
Pharmaceuticals 750,000 12,500,000 30,000,000
Un categorized
(any)
1,500,000 5,000,000 25,000,000
Total 8,750,000= 40,000,000= 107,000,000=
Safeplan Uganda P.O Box 74, Plot 22 Kamurasi road Masindi Uganda Email: [email protected] Page 16
5 Risk Management
5.1 SWOT Analysis
Strengths (internal factors)
Big member organization
Strong leadership and managerial skills
Access to technology and cheap labor
Committed members
Weaknesses (internal factors)
Member turn over
Failure to follow the guidelines leading to
reduction in production.
Poor marketing strategy and poor quality
Lack of enough experience in social
enterprise
Opportunities (external factors)
Training opportunity from affiliated members
Business network from member organization
Availability of market and tax haven for
agricultural products
Ability to access local government support.
Threats (external factors)
Change in government policy on forest and
taxation
Failure to reach agreement with local
authorities
Competition from other producers
Poor technology leading to poor quality
products.
5.2 Risk Analysis and Mitigation Measures
Risk Likelihood Impact Strategy
Fire outbreak to burn the bee hives
Likely High, All bee hive areas must be protected and belted with fence or other barriers.
Insects like termites and wasps
Highly likely Medium Treat the beehive stands or use integrated pest management.
Theft of bee hives or machines
Likely High Everybody in the community should have at least a bee site and also provide security.
Change in government policy of collaborative forest management
Likely Medium Negotiate a new mechanism for community forest management.
Bee become rowdy and stings community member or animal
Likely High Fence bee site, place warning post and keep people and animal out of reach.
Honey is rejected or banned in world market
Likely Low Insure the goods and property of the business.
Safeplan Uganda P.O Box 74, Plot 22 Kamurasi road Masindi Uganda Email: [email protected] Page 17
Achievements to-date
Objectives/Activity Achieved Target Target date
Increase membership
Register 200 members by end of 2016
Build capacity of the registered members to manage the projects
Members mobilise fellow members to the enterprise.
80 members
registered
Preliminary training
conducted
80 boxes distributed
400 June 2018
Improve honey production
Rise honey volume from 100kg/year to 10000kg/year by 2018
Improve daily production from 10 kg/day to at least 100kg.
Employ 50 women and boys harvest and process honey
200kg/year
5 women employed
10,000kgs
50
employees
End of 2018
Establish honey collection centre
Purchase land and establish production line
Procure office and other operational equipment the honey press machine.
Complete a high value well branded product.
Nil
Machine available at small
cost to members.
1 collection
and
processing
point
June 2016
Build a strong market network with potential clients.
Identify at least 15 key potential clients by end of 2016
Create at least 2 distribution outlets by 2016
7 15 potential
clients
10 major
distribution
out let
2016
Conduct environmental activity in the sub counties
Plant 20,000 trees in the community
Increase food production by at least 30%
Build 500 domestic Lorena stoves by 2018
1,500 tree seedlings
planted from own source
Built 50 stoves in
Budongo Sub county
500 End of 2018
Empower women on leadership skills
Train at least 80% of registered members in group savings.
Train business skills and management.
Conducted 1 training
business skills and
management
6 trainings End of 2018
Safeplan Uganda P.O Box 74, Plot 22 Kamurasi road Masindi Uganda Email: [email protected] Page 18
6 Appendices
6.1 Financial Assumptions
BALANCE SHEET FORECAST 2016, 2017 & 2018
BALANCE SHEET FORECAST 2016 2017 2018
Current assets
Cash 1,000,000 1,250,000 1,500,000 Petty cash 250,000 625,000 1,000,000 Inventory 1,250,000 1,875,000 2,000,000 Pre-paid expenses 2,500,000 4,000,000 4,000,000
Fixed assets
Leasehold
Property & land 7,500,000 12,500,000 16,500,000 Renovations/improvements 4,000,000 5,000,000 3,500,000 Furniture & fitout 2,500,000 4,000,000 3,000,000 Motorcycle 3,500,000 6,250,000 9,000,000 Equipment/tools 12,500,000 20,000,000 15,000,000 Computer equipment 4,000,000 6,250,000 6,000,000
Other machines - 10,000,000 12,000,000 Total assets 39,000,000 71,750,000 73,500,000
Current/short-term liabilities
Credit cards payable
Accounts payable 1,250,000 4,000,000 3,500,000
Interest payable 500,000 400,000
Accrued wages 1,500,000 2,500,000 3,000,000
Income tax 300,000 500,000 500,000
Other creditors 500,000 800,000
Long-term liabilities
Loans 12,500,000 6,000,000
Equity loan 7,500,000 8,000,000
Total liabilities 10,550,000 20,500,000 22,200,000
NET ASSETS 28,450,000 51,250,000 51,300,000
Safeplan Uganda P.O Box 74, Plot 22 Kamurasi road Masindi Uganda Email: [email protected] Page 19
PROFIT AND LOSS STATEMENT 2016, 2017 & 2018
PROFIT & LOSS FORECAST 2016 2017 2018 Sales 18,750,000 30,000,000 42,500,000
less cost of goods sold 8,750,000 17,500,000 20,000,000
Other cost 1,250,000 2,500,000 5,500,000
Gross profit/net sales 8,750,000 10,000,000 17,000,000
Expenses
Accountant fees 500,000 625,000 1,200,000
Advertising & marketing 375,000 625,000 1,000,000
Bank fees & charges 125,000 125,000 150,000
Bank interest 125,000 125,000 150,000
Credit card fees - - -
Utilities (electricity, gas, water) 500,000 500,000 650,000
Telephone 500,000 500,000 600,000
Lease/loan payments - - -
Rent & rates 1,250,000 1,250,000 1,250,000
Motor cycle expenses 375,000 375,000 375,000
Repairs & maintenance 250,000 375,000 400,000
Stationery & printing 375,000 500,000 500,000
Insurance 250,000 375,000 400,000
Superannuation 500,000 500,000 1,000,000
Income tax 250,000 250,000 250,000
Wages (including PAYG) 1,000,000 1,250,000 1,500,000
Other expenses 375,000 375,000 400,000
Total expenses 6,750,000 7,750,000 9,825,000
NET PROFIT 2,000,000 2,250,000 7,175,000
Safeplan Uganda P.O Box 74, Plot 22 Kamurasi road Masindi Uganda Email: [email protected] Page 20
6.1.1 Profit and loss forecast (Income statement forecast)
PROFIT & LOSS FORECAST 2,016 2,017 2,018
Sales 56,550,000 52,000,000 70,100,000
less cost of goods sold 47,500,000 41,544,000 56,244,000
More…
Gross profit/net sales 9,050,000 10,456,000 13,856,000
Expenses
Purchases (Stock etc) 19,400,000 17,400,000 22,500,000
Accountant fees 1,200,000 1,800,000 1,800,000
Advertising & marketing 500,000 1,350,000 1,350,000
Bank fees & charges 150,000 144,000 144,000
Interest paid - - -
Utilities (electricity, gas, water) 600,000 1,200,000 1,200,000
Telephone 1,800,000 1,800,000 1,800,000
Lease/loan payments 4,950,000 4,800,000 14,400,000
Rent & rates 1,200,000 1,200,000 1,200,000
Motor cycle expenses 600,000 600,000 600,000
Honey press machine 4,700,000 - -
Repairs & maintenance 250,000
Stationery & printing 1,000,000 600,000 600,000
Membership & affiliation fees 100,000 100,000 100,000
Licensing 250,000 250,000 250,000
Insurance - 500,000 500,000
Superannuation 3,000,000 2,000,000 2,000,000
Income tax - - -
Wages (including PAYG) 4,500,000 6,000,000 6,000,000
Miscelleanous 1,500,000 1,800,000 1,800,000
NET PROFIT 7,550,000 8,656,000 12,056,000
BUWOBE EXPECTED CASHFLOW FORECAST FOR JAN-DEC (2016, 2017 & 2018).
EXPECTED CASHFLOW [Jan-
Dec 2015] Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
OPENING BALANCE 13,000,000 9,250,000 10,875,000 8,725,000 9,350,000 8,875,000 12,500,000 20,775,000 20,450,000 23,575,000 19,100,000 23,025,000
Cash incoming
Natural sweethoney 500,000 750,000 375,000 250,000 2,000,000 2,000,000 1,800,000 1,800,000 1,500,000 2,500,000 2,500,000 2,500,000
Repellant candles 500,000 750,000 750,000 1,250,000 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000
Beehives boxes 750,000 750,000 750,000 250,000 250,000 500,000 600,000 600,000 600,000 600,000 400,000 300,000
Seedlings - - 350,000 400,000 400,000 400,000 300,000 300,000 300,000 300,000 300,000 300,000
Improved charcoal stoves 625,000 750,000 750,000 500,000 500,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000
membership contribution 250,000 - - 100,000 - - 100,000 - - 100,000 - -
Other support 250,000 - - - - - 5,000,000 - - - - -
Total incoming 2,875,000 3,000,000 2,975,000 2,750,000 4,650,000 5,000,000 9,900,000 4,800,000 4,500,000 5,600,000 5,300,000 5,200,000
Cash outgoing
Purchases (Stock etc) 4,400,000 - 3,750,000 - 3,750,000 - 3,750,000 3,750,000
Accountant fees 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000
Advertising & marketing 250,000 250,000
Bank fees & charges 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500
Interest paid - - - - - - - - - - - -
Utilities (electricity, gas, water) 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000
Telephone 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000
Lease/loan payments 412,500 412,500 412,500 412,500 412,500 412,500 412,500 412,500 412,500 412,500 412,500 412,500
Rent & rates 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000
Motor cycle expenses 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000
Honey press machine - - - - - - - - - 4,700,000 - -
Repairs & maintenance - - - 250,000 - - - - - - - -
Stationery & printing 250,000 - - 250,000 - - 250,000 - - 250,000 - -
Membership & affiliation fees 100,000 - - - - - - - - - - -
Licensing 250,000 - - - - - - - - - - -
Insurance - - - - - - - - - - - -
Superannuation - - - - - - - - - - - 3,000,000
Income tax - - - - - - - - - - - -
Wages (including PAYG) 375,000 375,000 375,000 375,000 375,000 375,000 375,000 375,000 375,000 375,000 375,000 375,000
Miscelleanous 125,000 125,000 125,000 125,000 125,000 125,000 125,000 125,000 125,000 125,000 125,000 125,000
Total outgoing 6,625,000 1,375,000 5,125,000 2,125,000 5,125,000 1,375,000 1,625,000 5,125,000 1,375,000 10,075,000 1,375,000 4,375,000
Monthly cash balance (3,750,000) 1,625,000 (2,150,000) 625,000 (475,000) 3,625,000 8,275,000 (325,000) 3,125,000 (4,475,000) 3,925,000 825,000
CLOSING BALANCE 9,250,000 10,875,000 8,725,000 9,350,000 8,875,000 12,500,000 20,775,000 20,450,000 23,575,000 19,100,000 23,025,000 23,850,000
Safeplan Uganda P.O Box 74, Plot 22 Kamurasi road Masindi Uganda Email: [email protected] Page 22
SAFEPLAN UGANDA EXPECTED CASHFLOW FORECAST FOR JAN-DEC 2017.
EXPECTED CASHFLOW
2017]Jan Feb Mar Apr May Jun July Aug Sept Oct Nov Dec
OPENING BALANCE 23,850,000 22,938,000 23,626,000 24,414,000 22,002,000 24,090,000 26,278,000 37,166,000 39,654,000 40,742,000 37,930,000 39,318,000
Cash incoming
Natural sweethoney 500,000 300,000 300,000 500,000 700,000 700,000 600,000 600,000 600,000 1,000,000 1,000,000 1,000,000
Repellant candles 350,000 400,000 400,000 700,000 700,000 800,000 800,000 800,000 800,000 800,000 800,000 800,000
Beehives boxes 200,000 300,000 400,000 400,000 500,000 600,000 600,000 600,000 600,000 600,000 600,000 300,000
Seedlings 50,000 - 300,000 500,000 600,000 600,000 600,000 700,000 600,000 600,000 500,000 400,000
Debtors 450,000
Inventory stock 3,500,000
Improved charcoal stoves 800,000 800,000 800,000 800,000 800,000 800,000 900,000 900,000 900,000 900,000 900,000 1,400,000
membership contribution 50,000 100,000 - - - - - 100,000 - - - -
Other support - - - - - 10,000,000 - - - - -
Total incoming 5,900,000 1,900,000 2,200,000 2,900,000 3,300,000 3,500,000 13,500,000 3,700,000 3,500,000 3,900,000 3,800,000 3,900,000
Cash outgoing
Purchases (Stock etc) 4,500,000 - - 4,000,000 - - 400,000 - - 4,000,000 - 4,500,000
Accountant fees 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000
Advertising & marketing 100,000 - - 100,000 - - 1,000,000 - - 150,000 - -
Bank fees & charges 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000
Interest paid - - - - - -
Utilities (electricity, gas, 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000
Telephone 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000
Lease/loan payments - - - - - - - - 1,200,000 1,200,000 1,200,000 1,200,000
Rent & rates 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000
Motor cycle expenses 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000
Repairs & maintenance
Stationery & printing 150,000 - 200,000 - - 100,000 - - - 150,000 - -
Membership & affiliation fees 100,000 - - - - - - - - - - -
Licensing 250,000 - - - - - - - - - - -
Insurance 500,000 - - - - - - - - - - -
Superannuation - - - - - - - - - - - 2,000,000
Income tax - - - - - -
Wages (including PAYG) 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000
Miscelleanous 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000
Total outgoing 6,812,000 1,212,000 1,412,000 5,312,000 1,212,000 1,312,000 2,612,000 1,212,000 2,412,000 6,712,000 2,412,000 8,912,000
Monthly cash balance (912,000) 688,000 788,000 (2,412,000) 2,088,000 2,188,000 10,888,000 2,488,000 1,088,000 (2,812,000) 1,388,000 (5,012,000)
CLOSING BALANCE 22,938,000 23,626,000 24,414,000 22,002,000 24,090,000 26,278,000 37,166,000 39,654,000 40,742,000 37,930,000 39,318,000 34,306,000
Safeplan Uganda P.O Box 74, Plot 22 Kamurasi road Masindi Uganda Email: [email protected] Page 23
SAFEPLAN UGANDA EXPECTED CASHFLOW FORECAST FOR JAN-DEC
2018.
EXPECTED CASHFLOW
2018]Jan Feb Mar Apr May Jun July Aug Sept Oct Nov Dec
OPENING BALANCE 29,706,000 32,694,000 32,282,000 31,970,000 27,558,000 28,646,000 29,834,000 35,722,000 37,310,000 38,698,000 35,486,000 37,074,000
Cash incoming
Natural sweethoney 600,000 400,000 400,000 700,000 900,000 900,000 900,000 900,000 900,000 1,100,000 1,200,000 12,000,000
Repellant candles 350,000 400,000 400,000 700,000 700,000 800,000 800,000 800,000 800,000 800,000 800,000 800,000
Beehives boxes 200,000 300,000 400,000 400,000 500,000 600,000 600,000 600,000 600,000 600,000 600,000 300,000
Seedlings 50,000 - 300,000 500,000 600,000 600,000 600,000 700,000 600,000 600,000 500,000 400,000
Debtors 450,000
Inventory stock 3,500,000
Improved charcoal stoves 800,000 800,000 800,000 800,000 800,000 800,000 900,000 900,000 900,000 900,000 900,000 1,400,000
membership contribution 50,000 100,000 - - - - - 100,000 - - - -
Other support 5,000,000 - - - - - 10,000,000 - - - - -
Total incoming 11,000,000 2,000,000 2,300,000 3,100,000 3,500,000 3,700,000 13,800,000 4,000,000 3,800,000 4,000,000 4,000,000 14,900,000
Cash outgoing
Purchases (Stock etc) 4,500,000 - - 5,000,000 - - 4,500,000 - - 4,500,000 - 4,000,000
Accountant fees 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000
Advertising & marketing 100,000 - - 100,000 - - 1,000,000 - - 150,000 - -
Bank fees & charges 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000
Interest paid - - - - - -
Utilities (electricity, gas, 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000
Telephone 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000
Lease/loan payments 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000
Rent & rates 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000
Motor cycle expenses 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000
Repairs & maintenance
Stationery & printing 150,000 - 200,000 - - 100,000 - - - 150,000 - -
Membership & affiliation fees 100,000 - - - - - - - - - - -
Licensing 250,000 - - - - - - - - - - -
Insurance 500,000 - - - - - - - - - - -
Superannuation - - - - - - - - - - - 2,000,000
Income tax - - - - - -
Wages (including PAYG) 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000
Miscelleanous 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000
Total outgoing 8,012,000 2,412,000 2,612,000 7,512,000 2,412,000 2,512,000 7,912,000 2,412,000 2,412,000 7,212,000 2,412,000 8,412,000
Monthly cash balance 2,988,000 (412,000) (312,000) (4,412,000) 1,088,000 1,188,000 5,888,000 1,588,000 1,388,000 (3,212,000) 1,588,000 6,488,000
CLOSING BALANCE 32,694,000 32,282,000 31,970,000 27,558,000 28,646,000 29,834,000 35,722,000 37,310,000 38,698,000 35,486,000 37,074,000 43,562,000