BUILDING A DREAM

SPREADSHEET MODEL BUSINESS PLAN

SCHEDULE DESCRIPTION
SCHEDULE 1 CASH REQUIRED FOR START-UP
SCHEDULE 2 PRO FORMA INCOME STATEMENT
SCHEDULE 3 PRO FORMA 5 YEAR INCOME STATEMENT
SCHEDULE 4 PRO FORMA CASH FLOW FORECAST
SCHEDULE 5 PRO FORMA BALANCE SHEET
SCHEDULE 6 FINANCIAL RATIO ANALYSIS
SCHEDULE 7 BREAK-EVEN ANALYSIS
SCHEDULE 8 RETURN ON INVESTMENT
Schedule 1 Required Start-Up Funds

Estimated Monthly Expenses

Column 1 Column 2 Column 3

Number of Months Cash Required To Start

Item Your Estimate of Monthly of Cash Required Business (Column 1 X
Expenses Based on Sales to Cover Expenses* Column 2)*
of $_________ Per Year
Salary of Owner-Manager $0 0 $0
All Other Salaries and Wages $0 0 $0
Rent $0 0 $0
Advertising $0 0 $0
Delivery Expense/Transportation $0 0 $0
Supplies $0 0 $0
Telephone, Fax, Internet Service $0 0 $0
Other Utilities $0 0 $0
Insurance $0 0 $0
Taxes Including Employment Insurance $0 0 $0
Interest $0 0 $0
Maintenance $0 0 $0
Legal and Other Professional Fees $0 0 $0
Miscellaneous $0 0 $0

Total Cash Requirements for Monthly Recurring Expenses: (A) $0

Start-up Costs You Only Have

to Pay Once
Cash Required to
Start Business
Capital Costs
Fixtures and Equipment $0
Decorating and Remodelling $0
Installation of Fixtures and Equipment $0
Starting Inventory $0
Soft Costs
Deposits with Public Utilities $0
Legal and Other Professional Fees $0
Licenses and Permits $0
Advertising and Promotion for Opening $0
Accounts Receivable $0
Cash $0
Miscellaneous $0

Total One-Time Cash Requirements: (B) $0

Total Estimated Cash Required to Start Business: (A) + (B) $0

* You Will Have to Decide For Your Particular Business How Many Months You Expect Your Expenses to
Exceed Your Revenue So That You Will Have a Shortfall of Cash. This Should Somewhat Overestimate
Your Overall Cash Requirements and Provide You With a Safety Cushion In Case Sales Don't Materialize
As Rapidly As You Expected.
SCHEDULE 2 Pro Forma Income Statement for
(Company) for the Year Ending (Date)
Month Month Month Month Month Month Month Month Month Month Month Month
1 2 3 4 5 6 7 8 9 10 11 12 TOTAL

1. Gross Sales 0 0 0 0 0 0 0 0 0 0 0 0 0
2. Less: Cash Discounts 0 0 0 0 0 0 0 0 0 0 0 0 0

A. NET SALES $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Cost of Goods Sold:

3. Beginning Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0
4. Plus: Net Purchases 0 0 0 0 0 0 0 0 0 0 0 0 0
5. Total Available for Sale 0 0 0 0 0 0 0 0 0 0 0 0 0
6. Less: Ending Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0

B. COST OF GOODS SOLD $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

C. GROSS MARGIN $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Less: Variable Expenses

7. Owner's Salary 0 0 0 0 0 0 0 0 0 0 0 0 0
8. Employee's Wages and Salaries 0 0 0 0 0 0 0 0 0 0 0 0 0
9. Supplies and Postage 0 0 0 0 0 0 0 0 0 0 0 0 0
10. Advertising and Promotion 0 0 0 0 0 0 0 0 0 0 0 0 0
11. Delivery Expense 0 0 0 0 0 0 0 0 0 0 0 0 0
12. Bad Debt Expense 0 0 0 0 0 0 0 0 0 0 0 0 0
13. Travel 0 0 0 0 0 0 0 0 0 0 0 0 0
14. Legal and Accounting Fees 0 0 0 0 0 0 0 0 0 0 0 0 0
15. Vehicle Expense 0 0 0 0 0 0 0 0 0 0 0 0 0
16. Maintenance Expense 0 0 0 0 0 0 0 0 0 0 0 0 0
17. Miscellaneous Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0

D. TOTAL VARIABLE
EXPENSES $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Less: Fixed Expenses

18. Rent 0 0 0 0 0 0 0 0 0 0 0 0 0
19. Utilities (Heat, Light, Power) 0 0 0 0 0 0 0 0 0 0 0 0 0
20. Telephone 0 0 0 0 0 0 0 0 0 0 0 0 0
21. Taxes and Licenses 0 0 0 0 0 0 0 0 0 0 0 0 0
22. Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
23. Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
24. Insurance 0 0 0 0 0 0 0 0 0 0 0 0 0
25. Other Fixed Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0

E. TOTAL FIXED EXPENSES $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

F. TOTAL OPERATING EXPENSES $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

G. NET OPERATING PROFIT (LOSS) $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

H. INCOME TAXES (estimated) $0

I. NET PROFIT (LOSS) AFTER INCOME TAX $0

SCHEDULE 3 Pro Forma Income Statement for
(Company) for the Year Ending (Date)
End of End of End of End of End of
Year 1 Year 2 Year 3 Year 4 Year 5

1. Gross Sales 0 0 0 0 0
2. Less: Cash Discounts 0 0 0 0 0

A. NET SALES $0 $0 $0 $0 $0

Cost of Goods Sold:

3. Beginning Inventory 0 0 0 0 0
4. Plus: Net Purchases 0 0 0 0 0
5. Total Available for Sale 0 0 0 0 0
6. Less: Ending Inventory 0 0 0 0 0

B. COST OF GOODS SOLD $0 $0 $0 $0 $0

C. GROSS MARGIN $0 $0 $0 $0 $0

Less: Variable Expenses

7. Owner's Salary 0 0 0 0 0
8. Employee's Wages and Salaries 0 0 0 0 0
9. Supplies and Postage 0 0 0 0 0
10. Advertising and Promotion 0 0 0 0 0
11. Delivery Expense 0 0 0 0 0
12. Bad Debt Expense 0 0 0 0 0
13. Travel 0 0 0 0 0
14. Legal and Accounting Fees 0 0 0 0 0
15. Vehicle Expense 0 0 0 0 0
16. Maintenance Expense 0 0 0 0 0
17. Miscellaneous Expenses 0 0 0 0 0

D. TOTAL VARIABLE
EXPENSES $0 $0 $0 $0 $0

Less: Fixed Expenses

18. Rent 0 0 0 0 0
19. Utilities (Heat, Light, Power) 0 0 0 0 0
20. Telephone 0 0 0 0 0
21. Taxes and Licenses 0 0 0 0 0
22. Depreciation 0 0 0 0 0
23. Interest 0 0 0 0 0
24. Insurance 0 0 0 0 0
25. Other Fixed Expeses 0 0 0 0 0

E. TOTAL FIXED EXPENSES $0 $0 $0 $0 $0

F. TOTAL OPERATING EXPENSES $0 $0 $0 $0 $0

G. NET OPERATING PROFIT (LOSS) $0 $0 $0 $0 $0

(G = C - F)

H. INCOME TAXES (estimated) $0 $0 $0 $0 $0

I. NET PROFIT (LOSS) AFTER INCOME TAX $0 $0 $0 $0 $0

SCHEDULE 4 Pro Forma Cash Flow Forecast for (Company)
12 - Month Cash Flow Projections
Minimum Cash Balance Required = 0

Month Month Month Month Month Month Month Month Month Month Month Month YEAR 1 YEAR 2 YEAR 3
1 2 3 4 5 6 7 8 9 10 11 12 TOTAL TOTAL TOTAL

Cash Flow From Operations (during month)

1. Cash Sales 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
2. Payments for Credit Sales 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
3. Investment Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
4. Other Cash Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

A. TOTAL CASH FLOW ON HAND $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Less Expenses Paid (during month)

5. Inventory or New Material 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

6. Owner's Salary 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
7. Employee's Wages and Salaries 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
8. Supplies and Postage 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
9. Advertising and Promotion 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
10. Delivery Expense 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
11. Travel 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
12. Legal and Accounting Fees 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
13. Vehicle Expense 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
14. Maintenance Expense 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
15. Rent 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
16. Utilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
17. Telephone 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
18. Taxes and Licenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
19. Interest Payments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
20. Insurance 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
21. Other Cash Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
B. TOTAL EXPENDITURES $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Capital

Purchase of Fixed Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Sale of Fixed Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
C. CHANGE IN CASH FROM PURCHASE OR $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
SALE OF ASSETS

Financing
Payment of Principal of Loan 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Inflow of Cash From Bank Loan 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Issuance of Equity Positions 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Repurchase of Outstanding Equity 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
D. CHANGE IN CASH FROM FINANCING $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

E. INCREASE (DECREASE) IN CASH $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

F. CASH AT BEGINNING OF PERIOD $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
G. CASH AT END OF PERIOD $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

MEET MINIMUM CASH BALANCE ACCEPTABLE ACCEPTABLE ACCEPTABLE ACCEPTABLE ACCEPTABLE ACCEPTABLE ACCEPTABLE ACCEPTABLE ACCEPTABLE ACCEPTABLE ACCEPTABLE ACCEPTABLE ACCEPTABLE ACCEPTABLE ACCEPTABLE
SCHEDULE 5 Pro Forma Balance Sheet for (Company)

Opening End of Year 1 End of Year 2 End of Year 3

ASSETS

Current Assets:
1. Cash 0 0 0 0
2. Accounts Receivable 0 0 0 0
3. Inventory 0 0 0 0
4. Other Current Assets 0 0 0 0

A. TOTAL CURRENT ASSETS $0 $0 $0 $0

Fixed Assets:
5. Land and Buildings 0 0 0 0
less depreciation 0 0 0 0 0 0 0
6. Furniture and Fixtures 0 0 0 0
less depreciation 0 0 0 0 0 0 0
7. Equipment 0 0 0 0
less depreciation 0 0 0 0 0 0 0
8. Trucks and Automobiles 0 0 0 0
less depreciation 0 0 0 0 0 0 0
9. Other Fixed Assets 0 0 0 0
less depreciation 0 0 0 0 0 0 0

B. TOTAL FIXED ASSETS $0 $0 $0 $0

C. TOTAL ASSETS $0 $0 $0 $0

LIABILITIES

Current Liabilities
(due within 12 months)
10. Accounts Payable 0 0 0 0
11. Bank Loans / Other Loans 0 0 0 0
12. Taxes Owed 0 0 0

D. TOTAL CURRENT LIABILITIES $0 $0 $0 $0

Long-term Liabilities
13. Notes Payable 0 0 0 0
(due after one year)
14. Other Long-term Liabilities 0 0 0 0

E. TOTAL LONG-TERM LIABILITIES $0 $0 $0 $0

F. TOTAL LIABILITIES $0 $0 $0 $0

NET WORTH (Capital)

SHARE CAPITAL
Common Shares 0 0 0 0
Preferred Shares 0 0 0 0
RETAINED EARNINGS 0 0 0 0
G. TOTAL NET WORTH $0 $0 0 0

H. TOTAL LIABILITIES AND NET WORTH $0 $0 $0 $0

BALANCED BALANCED BALANCED BALANCED
SCHEDULE 6 Financial Ratios for (Company)

End of End of End of

Year 1 Year 2 Year 3

1. Gross Margin/Sales = Gross Profit = $0 #DIV/0! $0 #DIV/0! $0 #DIV/0!

Net Sales $0 $0 $0

2. Current Ratio = Current Assets = $0 #DIV/0! $0 #DIV/0! $0 #DIV/0!

Current Liabilities $0 $0 $0

3. Quick Ratio = Current Assets - Inventories = $0 #DIV/0! $0 #DIV/0! $0 #DIV/0!

Current Liabilities $0 $0 $0

4. Net Profit/Sales = Net Income (After Tax) = $0 #DIV/0! $0 #DIV/0! $0 #DIV/0!

Net Sales $0 $0 $0

5. Net Profit/Net Worth = Net Profit = $0 #DIV/0! $0 #DIV/0! $0 #DIV/0!

Net worth $0 $0 $0

6. Sales/Net worth = Net Sales = $0 #DIV/0! $0 #DIV/0! $0 #DIV/0!

Net Worth $0 $0 $0

7. Fixed Assets/Net Worth = Fixed Assets = $0 #DIV/0! $0 #DIV/0! $0 #DIV/0!

Net Worth $0 $0 $0

8. Current Liabilities/ Net Worth = Current Liabilities = $0 #DIV/0! $0 #DIV/0! $0 #DIV/0!

Net Worth $0 $0 $0

9. Total Liabilities/Net Worth = Total Liabilities = $0 #DIV/0! $0 #DIV/0! $0 #DIV/0!

Net Worth $0 $0 $0

10. Debt/Net Worth = Total Outstanding Debt = $0 #DIV/0! $0 #DIV/0! $0 #DIV/0!

Net Worth $0 $0 $0

11. Return On Assets = Net Income (After Tax) = $0 #DIV/0! $0 #DIV/0! $0 #DIV/0!
Total Assets $0 $0 $0
SCHEDULE 7 Break-even Point for First Year

Operating Expenses

Owner's Salary 0
Employee's Wages 0
Supplies and Postage 0
Advert. and Promotion 0
Delivery Expense 0
Bad Debt Allowance 0
Travel 0
Professional Fees 0
Vehicle Expense 0
Maintanance Expense 0
Other Varaible Expenses 0
Rent 0
Utilities 0
Telephone 0
Taxes & Licenses 0
Depreciation 0
Interest 0
Insurance 0
Other Fixed Expenses 0

TOTAL OPERATING EXPENSES $0

CONTRIBUTION MARGIN = Gross Margin #DIV/0!

Net Sales

BREAKEVEN POINT ($Sales) = Total Operating Expenses

Contribution Margin

#DIV/0!
SCHEDULE 8 Return on Investment

Net Income (before Taxes) [from Schedule 4] = $0

Net Worth [from Schedule 6] = $0

R.O.I. = Net Income (before taxes)

Net Worth

= #DIV/0! %
SCHEDULE 2 Pro Forma Income Statement for
OPTIMISTIC (Company) for the Year Ending (Date)
Month Month Month Month Month Month Month Month Month Month Month Month
1 2 3 4 5 6 7 8 9 10 11 12 TOTAL

1. Gross Sales 0 0 0 0 0 0 0 0 0 0 0 0 0
2. Less: Cash Discounts 0 0 0 0 0 0 0 0 0 0 0 0 0

A. NET SALES $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Cost of Goods Sold:

3. Beginning Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0
4. Plus: Net Purchases 0 0 0 0 0 0 0 0 0 0 0 0 0
5. Total Available for Sale 0 0 0 0 0 0 0 0 0 0 0 0 0
6. Less: Ending Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0

B. COST OF GOODS SOLD $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

C. GROSS MARGIN $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Less: Variable Expenses

7. Owner's Salary 0 0 0 0 0 0 0 0 0 0 0 0 0
8. Employee's Wages and Salaries 0 0 0 0 0 0 0 0 0 0 0 0 0
9. Supplies and Postage 0 0 0 0 0 0 0 0 0 0 0 0 0
10. Advertising and Promotion 0 0 0 0 0 0 0 0 0 0 0 0 0
11. Delivery Expense 0 0 0 0 0 0 0 0 0 0 0 0 0
12. Bad Debt Expense 0 0 0 0 0 0 0 0 0 0 0 0 0
13. Travel 0 0 0 0 0 0 0 0 0 0 0 0 0
14. Legal and Accounting Fees 0 0 0 0 0 0 0 0 0 0 0 0 0
15. Vehicle Expense 0 0 0 0 0 0 0 0 0 0 0 0 0
16. Maintenance Expense 0 0 0 0 0 0 0 0 0 0 0 0 0
17. Miscellaneous Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0

D. TOTAL VARIABLE
EXPENSES $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Less: Fixed Expenses

18. Rent 0 0 0 0 0 0 0 0 0 0 0 0 0
19. Utilities (Heat, Light, Power) 0 0 0 0 0 0 0 0 0 0 0 0 0
20. Telephone 0 0 0 0 0 0 0 0 0 0 0 0 0
21. Taxes and Licenses 0 0 0 0 0 0 0 0 0 0 0 0 0
22. Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
23. Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
24. Insurance 0 0 0 0 0 0 0 0 0 0 0 0 0
25. Other Fixed Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0

E. TOTAL FIXED EXPENSES $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

F. TOTAL OPERATING EXPENSES $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

G. NET OPERATING PROFIT (LOSS) $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

H. INCOME TAXES (estimated) $0

I. NET PROFIT (LOSS) AFTER INCOME TAX $0

SCHEDULE 2 Pro Forma Income Statement for
PESSIMISTIC (Company) for the Year Ending (Date)
Month Month Month Month Month Month Month Month Month Month Month Month
1 2 3 4 5 6 7 8 9 10 11 12 TOTAL

1. Gross Sales 0 0 0 0 0 0 0 0 0 0 0 0 0
2. Less: Cash Discounts 0 0 0 0 0 0 0 0 0 0 0 0 0

A. NET SALES $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Cost of Goods Sold:

3. Beginning Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0
4. Plus: Net Purchases 0 0 0 0 0 0 0 0 0 0 0 0 0
5. Total Available for Sale 0 0 0 0 0 0 0 0 0 0 0 0 0
6. Less: Ending Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0

B. COST OF GOODS SOLD $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

C. GROSS MARGIN $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Less: Variable Expenses

7. Owner's Salary 0 0 0 0 0 0 0 0 0 0 0 0 0
8. Employee's Wages and Salaries 0 0 0 0 0 0 0 0 0 0 0 0 0
9. Supplies and Postage 0 0 0 0 0 0 0 0 0 0 0 0 0
10. Advertising and Promotion 0 0 0 0 0 0 0 0 0 0 0 0 0
11. Delivery Expense 0 0 0 0 0 0 0 0 0 0 0 0 0
12. Bad Debt Expense 0 0 0 0 0 0 0 0 0 0 0 0 0
13. Travel 0 0 0 0 0 0 0 0 0 0 0 0 0
14. Legal and Accounting Fees 0 0 0 0 0 0 0 0 0 0 0 0 0
15. Vehicle Expense 0 0 0 0 0 0 0 0 0 0 0 0 0
16. Maintenance Expense 0 0 0 0 0 0 0 0 0 0 0 0 0
17. Miscellaneous Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0

D. TOTAL VARIABLE
EXPENSES $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Less: Fixed Expenses

18. Rent 0 0 0 0 0 0 0 0 0 0 0 0 0
19. Utilities (Heat, Light, Power) 0 0 0 0 0 0 0 0 0 0 0 0 0
20. Telephone 0 0 0 0 0 0 0 0 0 0 0 0 0
21. Taxes and Licenses 0 0 0 0 0 0 0 0 0 0 0 0 0
22. Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
23. Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
24. Insurance 0 0 0 0 0 0 0 0 0 0 0 0 0
25. Other Fixed Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0

E. TOTAL FIXED EXPENSES $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

F. TOTAL OPERATING EXPENSES $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

G. NET OPERATING PROFIT (LOSS) $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

H. INCOME TAXES (estimated) $0

I. NET PROFIT (LOSS) AFTER INCOME TAX $0