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Proposed by :
Haris Suhendra | 1140003494 Pramita Wardani | 1140003121
1
Business Model Break out Strategy through Online Learning for Professionals
BUSINESS MODEL CREATION GROUP :
2
Contents
Introduction
Implementation
Investment
• Business Background
• Our Business • Business Strategy • Business Model • E-MM Learning Program • Our IT Infrastructure • Corporate Structure
01
02
03 • Project Timeline • Sales Targets • Source of Capital • Financial Statements
Conclusion 04 • Market Perception • The Feasibility • Further Investigation
3 e-MM Learning for Professionals |
Introduction
• Business Background 01
4 e-MM Learning for Professionals |
BUSINESS BACKGROUND
Demand and Supply of HR
Education has an important role in every people’s life. By getting a good education, they can ensure to have a better quality of life. In order to get a good education, not only the support of the good stability growth of economic and politic but also supported by modern technologies.
Employee Competencies Technologies
Workforce Demand VS Supply in 2030 projection (million workers)
Source: McKinsey Report (2012,8)
• McKinsey Report (2012) Indonesia’s graduate’s skills do not currently match company requirements.
• The World Bank found 41% of employers reporting gaps in the ability in their skilled workers to think creatively and critically.
Asia’s Broadband Penetration per 100 Population
Source: BMI (2011, 18)
5
• Professionals have limited time to have a face to face discussion but in the other hand they have full access to technologies, as well as internet connection.
• Professionals have problems in geographical, such as those professionals who work in off shores area
e-MM Learning for Professionals |
PROFESSIONALS PROBLEMS
6 e-MM Learning for Professionals |
BUSINESS IDEA
• Learning House (2011), more employers are becoming amendable to online MBA degrees, as the degree is beginning to lose some of the stigma it has had in the job market.
• Business Week (2012), the online learning in the world wide is demanding, especially for professionals.
• SWA (2009) the demand and favorite
majors for Master Degree are management, Finance, Business, Electronic Engineering and Marketing and one of the reason of taking MM is the university location is near to home.
Regarding the lack of competencies of professionals in the industry and the opportunity of internet penetration in Indonesia, we propose to create a Magister Management e-Learning program named :
e-MM Learning
7
Indonesia government give 20% of their budget dedicated for
education.
Transformation education industry
Indonesia’s economy has performed well, compare to the
world’s economic
Government encourages traditional universities to deliver dual mode
programs.
Go Green environment
Globally, internet users in the world is dominated by Asia with
44,8%.
Online Education Industry in Indonesia Year 2012
e-MM Learning for Professionals |
MACRO ENVIRONMENT
POLITICAL ECONOMIC SOCIOCULTURAL
TECHNOLOGY ENVIRONMENTAL LEGAL
8 e-MM Learning for Professionals |
INDUSTRY ANALYSIS Potential New Entrants | Low
Buyers Bargaining
Power | Low
Universities in the world are starting to aim Indonesia as their potential students.
The reasons people choose a school for MM is because locations closer to the work activity.
Besides competing with a traditional education, short courses are also
tempting.
Industry Rivalry | Low
Universities must have people who have the competencies in developing online system and infrastructure.
Porter’s 5 Forces : Online Education Industry in Indonesia Year 2012
Suppliers Bargaining
Power | Low
Substitute Products |
High
9
Strategic Group Mapping Online Learning Industry in year 2012
Legend : • TEL : Trisakti Electronic
Learning • UT : Universitas Terbuka • BGP : BINUS GRADUATE
PROGRAM • KNOU :Korea National Open
University • HCUR : Hanyang Cyber
University Korea • EBS : Edin burgh Business
School Heriot-Watt University • BUSM :Bradford University
School of Management • ICBS : Imperial College Business
School • WBS: Warwick Business School • NU : Northeastern University • UNC : University of North
Carolina : Kenan-Flager
e-MM Learning for Professionals |
INDUSTRY ANALYSIS
10
DIKTI (2010) Undergraduates Students :
Jakarta 337.957
Indonesia 786.777
Market Profile :
Potential market of
e-MM Learning
15 local public companies in Indonesia (2011), total Undergraduates Employees :
61.862
10
MARKET OPPORTUNITY
e-MM Learning for Professionals |
11 e-MM Learning for Professionals |
SWOT MATRIX ANALYSIS
12 e-MM Learning for Professionals |
MARKET PERSPECTION
60,7% Employee take Master
Degree to upgrade their knowledge and skills
28,8% Employee choose to take an
online education system
95,3% Employee have a good
perception about online learning
Source : Own Survey
13
Implementation
• Our Business • Business Model • Business Strategy • E-MM Learning Program • Our IT Infrastructure • Corporate Structure
02
e-MM Learning for Professionals |
14
PT Anagata Riswara
Corporate Values
VISION
Provide excellent e-learning systems in
Indonesia.
MISSION
To be the-world-leader in the e-learning
Giving the best education solution for professionals
The philosophy of Anagata Riswara came from the Sanskrit phrase, means that we create an excellent future.
Corporate Vision and Mission
Focus
Feasible Flexible
Traya Sradha
e-MM Learning for Professionals |
OUR BUSINESS
15 e-MM Learning for Professionals |
BUSINESS MODEL
Customer Segments
Customer Relationship
Channel
Value Proposition Key Activities
Key Resources
Key Partners
Professional Executives
• Online Admission • Customer services • One student one
mentor
• Website • Online Learning
Student Desk • Online Marketing
tools
• 100% online learning • Flexible • Good Quality • Global Learning • Degree Program • Cost efficiency • Opportunities • Networking & Career
Development Services
• Academic Program Development Cost • Operational Cost • Information Technology Cost • Research & Development Cost • General & Administrative Cost • Marketing Cost
Cost Structure Revenue Streams • Tuition Fee • Admission Fee • extra tutoring time • Remedial teaching • Extra exam options • Grant & Endowment
• Provide Online activities
• T Supports • Marketing • Academic and
Operational Activities
• Lecturer • IT Expert in online
learning • Researcher • Students • Employee
• External Partners • Internal Partners
16
BUSINESS STRATEGY
Provide e-Learning services for universities especially in the MM degree program.
Strategic Alliance Concept Corporate Business Strategy :
5 years
60%
40%
Anagata Riswara
Partner
Profit Sharing
+ 5% Management Fee + 1% Advertising Fee
1 5 2 3 4 year
Contract Review
e-MM Learning for Professionals |
17 e-MM Learning for Professionals |
OUR SERVICES TO PARTNER
• e-MM Learning IT Platforms, System and Networking
• Providing e-MM Learning Lecturers and train the existing lecturers
SALES AND MARKETING
PROCESS DESIGN
Designing the e-MM Learning System, Contents, Curriculum and Program
Branding, Promotion, Website Development, Sales Activities, After Sales Activities
18
POTENTIAL PARTNERSHIP
e-MM Learning for Professionals |
19 e-MM Learning for Professionals |
STRATEGIC GROWTH MAP
• Provide excellent e-learning systems in Indonesia
• Profit Growth • Revenue Growth
• The Asia’s leader in e-learning systems
• Online services 24 hours
• Technology Leveraging
• National • Market Share • Brand Equity
• Market Leadership
• New Partners • More opportunities to
“Step Up” • Profit Growth • Revenue Growth
Enabler
Recognition
Leadership
Developing Empowered Leadership
Market Engagement to generate opportunities Trough growth
Capability building & Execution
Foundation Stage 1 – 5 years ahead
Growing Stage 6- 10 years ahead
Winning Stage 10- 20 years ahead
Innovation Year Go Global e-learning of Choice
20 e-MM Learning for Professionals |
E-MM LEARNING PROGRAM
Professionals Executives Entrepreneurs Travelers
Knowledge Seeker Technology Minded
Low Price – High Value
Segmentation Targeting Positioning
e-MM Learning in Business Management. It’s a master level program, designed for professionals. Professionals need to make sense of a source of information and apply the tools and techniques in their organization through a complex and a global changing competitive environment
21 e-MM Learning for Professionals |
COMPETITIVE ADVANTAGE
Flexibility. In e-MM learning, students have the flexibility to choose their own time to study.
Requirements of application. e-MM learning programs are more selective in their admission procedures than the traditional one. The students who take online learning program must take it seriously and be highly committed.
Class. Because of the program is 100% online, permanent class is not necessary. But for the exam, physical classes is needed to hold the examination.
Education Investments. The investment in online learning is cheaper than the traditional one.
Teaching. The variety of programs available e-MM Learning means that students are able to choose a learning and evaluation format that works for them.
Networking. e-MM Learning programs connect students with top-notch professors and guest lecturers from around the world.
22 e-MM Learning for Professionals |
PROGRAM SPESIFICATION
Indonesian Language
15-20 Students/
class
e-MM Learning Student
Desk
Asynchronous study Type
4 term
Program Length 18 months
100% Online
23 e-MM Learning for Professionals |
STUDY FLOW of e-MM Learning
Admission Online Orientation
Online Class
Week 1-12
Final Exam
Thesis
Graduation
Week 1-8
Week 14
Week 10
24 e-MM Learning for Professionals |
e-MM Learning Delivery Content Scheme
25 e-MM Learning for Professionals |
Learning Student Desk
26
Term SCU
1.1 Management Communications 2
1.2 Strategic Negotiations and Ethics 2
1.3 Leading and Managing 2
1.4 Analytical Tools 2
2.1 Financial Accounting 2
2.1 Business Strategy 3
2.3 Technology and Innovation 3
2.4 Corporate Finance 3
3.1 Sustainable Enterprice 2
3.2 Global Supply Chain Management 3
3.3 Global Marketing Strategy 3
3.4 Project Management 2
4.1 Strategic Planning 3
4.2 Strategic Risk Management 3
4.3 Competitive Strategy 35 5 Thesis 6
Total SCU 44
1
2
3
4
Cource
e-MM Learning for Professionals |
CURRICULUM
The curriculum could be adjusted based on the partner university needs. But we create a standard curriculum for the e-MM Learning in Business Management. The curriculum context will be cover about the introduction to strategy, planning and structure, the modeling of the strategic planning process, economic, market, internal and external analysis of the company, decision making among strategies and implementing and evaluating the business strategy
27 e-MM Learning for Professionals |
PRICE
Based on those numbers, we propose e-MM Learning price for
the whole package of Education Investment are IDR 40 Million. We set the price around 35% higher than the competitor because:
•We are aiming professionals, the SES are A and B+ •The master program needs a high quality lecturer who has an online teaching specialty •The image of the program, will be a prestigious image
Online Learning Price
28 e-MM Learning for Professionals |
Graduation Fee
IDR 2 Million
The price of each component of the income statement will be increase 10% each year, due to inflation
29 e-MM Learning for Professionals |
PLACE
Since we are targeting professionals, our partner university location is not necessary have to be in the Business District Centre area, Students do not have to attend a face-to-face session.
Academic Activities Partner university
Headquarter Office The City Plaza, Thamrin.
Daily Activities Centre Flix,
Bendungan Hilir
30 e-MM Learning for Professionals |
PROMOTION
Credibility Education & Awareness
Product Experience Relationship
Integrated Sales & Branding Strategy
• Pre-Launching
• Grand Launching
• Business
Conference
• Advertising
• Offline :Students Get Students Reward Program, Bulletin
• Online : Social Media, Online Seminar
• Media Relation
• Article Writing
1 4
Corporate Advance Program
Online Trial Class Exhibition
31 e-MM Learning for Professionals |
WEBSITE
32 e-MM Learning for Professionals |
ADMISSION
33 e-MM Learning for Professionals |
OUR IT INFRASTRUCTURE
Access The Access layer explained about the users of the e-Learning system such students, lecturers and employees. In access layer, the user can use laptop, computer, tablets or mobile phones which are able to connect to internet
Application Platform This layer explains about the process of e-learning users, ranging from content creation, learning, delivery of materials and administration.
IT Network Infrastructure In the provision of IT Network Infrastructure should support the delivery of multi-format data in text, audio and video for power lies in e-Learning Content consisting of various formats.
34
E-MM Learning Platform
e-MM Learning in PC’s and Laptops
E-MM Learning Student Desk
e-MM Learning Portals
To download material and upload assignments, student must use e-MM Learning Student Desk. This is a LMS using open source LMS which is moodle. Moodle is a software package of an internet-based courses and web sites. Moodle is provided free as open source software with GNU General Public License
e-MM Learning for Professionals |
35 e-MM Learning for Professionals |
CORPORATE STRUCTURE
Director
IT Manager Marketing Manager
Finance & Legal Manager
Operating Manager
IT Staff Admission Staff Finance Staff Faculty Member
Business Strategy and Partnership
Staff
Marketing and Sales Staff
Legal Staff
Academic & Operation Staff
36
EMPLOYEMENT PLAN
Employee 5 years Hire Plan
To provide a best service, Anagata Riswara employee working times are divided in 2 shifts in weekdays and Weekend. • Weekdays, Shift 1 (8 AM – 4 PM) and Shift 2 (2 PM – 9 PM) • Weekend, Shift 1 (8 AM – 1 PM) and Shift 2 (12 PM – 6 PM)
e-MM Learning for Professionals |
37
Investment
• Project Timeline • Sales Targets • Source of Capital • Financial Statements
03
e-MM Learning for Professionals |
38 e-MM Learning for Professionals |
PROJECT TIMELINE
Start up Project Run
Pre Launch
Launch
39 e-MM Learning for Professionals |
SOURCE OF CAPITAL
Investor
The source of capital of Anagata Riswara company will be split up among two shareholders.
Initial Investment (in Million IDR)
IDR 800 Million
IDR 765 Million
No Account Amount 1 Intangible Asset 335,000,000
2 Aset 638,125,000
3 Marketing and Selling Expenses 40,000,000
4 General and Administration Expenses 337,400,000
5 Cost of Services 115,100,000
6 Other Expenses 100,000,000
TOTAL 1,565,625,000
Share holders
40 e-MM Learning for Professionals |
SALES TARGETS
No Description Year 1 Year 2 Year 3 Year 4 Year 5
1 Admission Fee 204 404 582 838 1,206
2 Tuition Fee 120 238 342 493 709
3 Extra Tutoring Time for e-mm learning 60 119 171 246 355
4 Graduation Fee - 30 198 285 411
5 Remedial Teaching for e-mm learning 30 59 86 123 177
No Description Year 1 Year 2 Year 3 Year 4 Year 5
1 Admission Fee 136 269 388 558 804
2 Tuition Fee 80 158 228 328 473
3 Extra Tutoring Time for e-mm learning 40 79 114 164 236
4 Graduation Fee - 20 132 190 274
5 Remedial Teaching for e-mm learning 20 40 57 82 118
Optimist Scenario
Pessimist Scenario
Optimist 2,406,250 2,513,336 2,821,688 2,830,628 2,657,553
Pessimist 3,609,375 3,802,872 4,288,162 4,327,563 4,089,109
Cost per Student (in IDR)
41
FINANCIAL STATEMENTS
Pessimist Scenario Optimist Scenario
e-MM Learning for Professionals |
42
FINANCIAL STATEMENTS 4,
5
11,2
22,1
37,9
60,2
Total Assets (in IDR Billion)
3,4
7,9
12,2
25,7
40,7
YEA
R 2
YEA
R 3
YEA
R 4
YEA
R 5
YEA
R 1
Financial Ratios (Pesimist)
Gross Profit of Margin 47% 65% 70% 75% 78%
Operating profit margin 9% 27% 33% 37% 40%
Net Profit Margin 7% 20% 24% 28% 30%
Return on Asset (ROA) 7% 18% 19% 18% 18%
Fixed Asset Turnover 5 8 11 14 19
Total Asset Turnover 1 1 1 1 1
Financial Ratios (Optimist)
Gross Profit of Margin 65% 74% 79% 80% 82%
Operating profit margin 27% 36% 42% 42% 45%
Net Profit Margin 20% 27% 31% 32% 33%
Return on Asset (ROA) 23% 26% 25% 21% 20%
Fixed Asset Turnover 8 12 17 21 30
Total Asset Turnover 1 1 1 1 1
Financial Ratios
e-MM Learning for Professionals |
43
Conclusion
04 • Market Perception • The Feasibility • Further Investigation
e-MM Learning for Professionals |
44
MARKET PERCEPTIONS
A market perception about E-learning program
e-MM Learning for Professionals |
45
Respondents
HR Supervisor BP MIGAS
Brand Consultant AS Louken
Marcomm Citibank
Architect Accor Group
PU Staff PU Dept.
Lawyer Entrepreneur
A market perception about Anagata e-MM Learning Program
The Program
Interested
Not Interested
87%
13%
The Course Price
Cheap
Affordable
76%
21%
3% Expensive
Opinion
Gender Male
Female
51,6%
48,4%
Working Experience 5-20 years
2-5 years
58%
33,3%
9,7% <2 years
Profile
e-MM Learning for Professionals |
46
THE FEASIBILITY
Industry and Market Product and Service Finance
the opportunity for universities to provide online education is high, the supplier is low and there’s a potential market in the online learning education.
The partnership idea was to have a mutual benefit in both sides. Targeting mature professionals segmentation means that their financial income is also mature
Because of both of the NPV is + 64,7 Billion for the pessimist and +96,3 Billion for the optimist, it means that the project is feasible.
e-MM Learning for Professionals |
47
FURTHER INVESTIGATION
Technology Marketing Organizational Human Resource Financial
There are some are that can be improved in the future, at least after 5 years.
e-MM Learning for Professionals |
48
TECHNOLOGY
e-MM Learning for Professionals |
49
MARKETING
Product Anagata Riswara must develop more programs that suit the market demand. The recommended programs based on our survey are: Marketing and Communication program.
Price Based on the inputs of our respondents, the price of the program could be increased to 50-70 Million IDR .
Place Anagata Riswara headquarter could move by buying or renting a new office and end the contract with the virtual office. The headquarter activities will be the day to day operational for the employee and also the e-learning training center for the lecturers.
Promotion Since it’s an online learning, based on the consumer’s habits, advertising could be focused on online medias and Public Relation approaches. On the online media, the advertisement could be put on e-mails, search engine, websites, social media and other website portals.
e-MM Learning for Professionals |
50
ORGANIZATIONAL
e-MM Learning for Professionals |
51 e-MM Learning for Professionals |
HUMAN RESOURCE
To maintain and encourage the employees and lecturers, the company could provide compensation and benefits such as:
Professional Development, Academic Development, Professional and Career Development.
Scholarship, Scholarship for family, Insurance, Study Loan, Project and Disaster Allowance.
Academic Allowance, Teaching Allowance, Allowance Position, teaching Honor, Dedication Permanent Lecturer, etc
Free Parking, Library Facilities, Internet Facilities and Member Card.
Benefit Cash Learning &
Growth Others
52 e-MM Learning for Professionals |
FINANCIAL
Outsource the un-core business activities
53
Proposed by :
Haris Suhendra | 1140003494 Pramita Wardani | 1140003121
53
An investment in knowledge pays the best interest. Benjamin Franklin
54
• Indonesian Ministry of Education dated September 24, 2001 : government encourages traditional universities to deliver dual mode programs.
• Law of the Republic of Indonesia No. 20
Year 2012 : the teaching and learning process is done remotely through a variety of communication media.
• Law of the Republic of Indonesia No. 12
Year 2003 : Long distance education learners are separated from educators and learning, using a variety of learning resources through communication technology, information, and other medias.
One of the concerns in distance learning is the Law of the Republic of Indonesia No. 24 Year 2012 : The valuation of the final learning outcomes should reflect the level of maturity and ability of learners through the mechanism of a comprehensive examination in person, remotely, or use of information and communication technology centrally with direct supervision.
e-MM Learning for Professionals |
LEGAL ASPECT
55 e-MM Learning for Professionals |
The Risk Map Table
The Risk Map Chart
56 e-MM Learning for Professionals |
Income Statements | P
Year 0 Year 1 Year 2 Year 3 Year 4 Year 5
Income from customers sales - 3,348,000,000.00 6,684,880,000.00 11,064,197,760.00 15,972,188,221.44 23,062,904,658.99
Income from fee and royalties - 200,880,000.00 401,092,800.00 663,851,865.60 958,331,293.29 1,383,774,279.54
Total Net Sales - 3,548,880,000 7,085,972,800 11,728,049,626 16,930,519,515 24,446,678,939
Operating expenses
Marketing and Selling expenses (40,000,000) (248,750,000) (313,625,000) (375,737,500) (443,311,250) (512,642,375)
General and administration expenses (337,400,000) (1,364,400,000) (1,844,040,000) (2,743,846,800) (3,388,680,000) (4,465,454,400)
Operational Expenses (115,100,000) (153,200,000) (168,520,000) (185,372,000) (203,909,200) (224,300,120)
Depreciation expenses (107,625,000) (117,146,600) (151,526,560) (185,372,000) (229,424,288) (231,068,618)
Total operating expenses (600,125,000) (1,883,496,600) (2,477,711,560) (3,490,328,300) (4,265,324,738) (5,433,465,513)
Gross Profit (600,125,000) 1,665,383,400 4,608,261,240 8,237,721,326 12,665,194,777 19,013,213,425
Gross Profit as % of Net Sales #DIV/0! 47% 65% 70% 75% 78%
Revenue Sharing to Partner 40% - 1,339,200,000 2,673,952,000 4,425,679,104 6,388,875,289 9,225,161,864
Operating income
Income before taxes (600,125,000) 326,183,400 1,934,309,240 3,812,042,222 6,276,319,489 9,788,051,562
Provision for income taxes 0 81,545,850 483,577,310 953,010,555 1,569,079,872 2,447,012,890
Net income profit (600,125,000) 244,637,550 1,450,731,930 2,859,031,666 4,707,239,616 7,341,038,671
Net income as % of Net Sales #DIV/0! 7% 20% 24% 28% 30%
December Year 5
PT ANAGATA RISWARA
INCOME STATEMENT
57 e-MM Learning for Professionals |
Balance Sheet | P
BALANCE SHEET Year 0 Year 1 Year 2 Year 3 Year 4 Year 5
ASSET
Cash 375,900,000 2,585,580,000 6,997,600,800 14,299,971,322 24,841,615,548 40,063,132,623
Others (feasibility studies) 100,000,000 100,000,000 100,000,000 100,000,000 100,000,000 100,000,000
Fixed asset 638,125,000 685,733,000 857,632,800 1,043,103,580 1,247,121,438 1,255,343,092
Acc. Depreciation (107,625,000) (224,771,600) (376,298,160) (561,670,160) (791,094,448) (1,022,163,066)
Other assets 335,000,000 335,000,000 335,000,000 335,000,000 335,000,000 335,000,000
Total Assets 1,341,400,000 3,481,541,400 7,913,935,440 15,216,404,742 25,732,642,538 40,731,312,648
LIABILITIES
Marketing and Selling 40,000,000.00 288,750,000.00 602,375,000.00 978,112,500.00 1,421,423,750.00 1,934,066,125.00
General and administration expenses 337,400,000.00 1,701,800,000.00 3,545,840,000.00 6,289,686,800.00 9,678,366,800.00 14,143,821,200.00
Operational Expenses /cogs 115,100,000.00 268,300,000.00 436,820,000.00 622,192,000.00 826,101,200.00 1,050,401,320.00
Others Liabilities 1,073,125,000.00 1,120,733,000 1,292,632,800 1,478,103,580 1,682,121,438 1,690,343,092
Provision for income taxes - 81,545,850 565,123,160 1,518,133,715 3,087,213,588 5,534,226,478
Total Liabilities 1,565,625,000 3,461,128,850 6,442,790,960 10,886,228,595 16,695,226,776 24,352,858,214
EQUITY
Capital Stock - - - - - -
Retained earnings 375,900,000 (224,225,000) 20,412,550 1,471,144,480 4,330,176,146 9,037,415,763
Profit/Loss (600,125,000) 244,637,550 1,450,731,930 2,859,031,666 4,707,239,616 7,341,038,671
Total Equity-net (224,225,000) 20,412,550 1,471,144,480 4,330,176,146 9,037,415,763 16,378,454,434
TOTAL LIABILITIES AND EQUITY 1,341,400,000 3,481,541,400 7,913,935,440 15,216,404,742 25,732,642,538 40,731,312,648
PT ANAGATA RISWARA
December Year 5
58 e-MM Learning for Professionals |
Cash Flow| P
Projected Cash Flow Statement Year 0 Year 1 Year 2 Year 3 Year 4 Year 5
Cash Flows from operating activities
Net Income (600,125,000) 244,637,550 1,450,731,930 2,859,031,666 4,707,239,616 7,341,038,671
Depreciation expenses 107,625,000 117,146,600 151,526,560 185,372,000 229,424,288 231,068,618
To suppliers for good and servises 40,000,000 248,750,000 313,625,000 375,737,500 443,311,250 512,642,375
Cost of Services 115,100,000 153,200,000 168,520,000 185,372,000 203,909,200 224,300,120
To employeers for services 337,400,000 1,364,400,000 1,844,040,000 2,743,846,800 3,388,680,000 4,465,454,400
Others Liabilities 638,125,000 47,608,000 171,899,800 185,470,780 204,017,858 8,221,654
To government for taxes - 81,545,850 483,577,310 953,010,555 1,569,079,872 2,447,012,890
Net Cash flow provided from operating activities 638,125,000 2,257,288,000 4,583,920,600 7,487,841,302 10,745,662,084 15,229,738,728
Cash Flows from investing activities
Purchase of fixed asset & non current assets, others (1,073,125,000) (47,608,000) (171,899,800) (185,470,780) (204,017,858) (8,221,654)
Net Cash flow provided from investing activities (1,073,125,000) (47,608,000) (171,899,800) (185,470,780) (204,017,858) (8,221,654)
Cash Flows from Financing activities
Add Capital 375,900,000 - - - - -
Net increase in cash and cash equivalents (59,100,000) 2,209,680,000 4,412,020,800 7,302,370,522 10,541,644,226 15,221,517,075
Cash and cash equivalent at the beginning of the year - 375,900,000 2,585,580,000 6,997,600,800 14,299,971,322 24,841,615,548
Cash and cash equivalent at the end of the year (59,100,000) 2,585,580,000 6,997,600,800 14,299,971,322 24,841,615,548 40,063,132,623
59 e-MM Learning for Professionals |
Income Statements | O
INCOME STATEMENT Year 0 Year 1 Year 2 Year 3 Year 4 Year 5
Income from customers sales - 5,022,000,000.00 10,027,320,000.00 16,596,296,640.00 23,958,282,332.16 34,594,356,988.48
Income from fee and royalties - 301,320,000.00 601,639,200.00 995,777,798.40 1,437,496,939.93 2,075,661,419.31
Total Net Sales - 5,323,320,000 10,628,959,200 17,592,074,438 25,395,779,272 36,670,018,408
Operating expenses
Marketing and Selling expenses (40,000,000) (248,750,000) (308,418,750) (368,254,719) (429,191,275) (490,838,708)
General and administration expenses (337,400,000) (1,364,400,000) (2,160,630,000) (2,917,632,150) (4,202,513,698) (5,571,248,198)
Operational Expenses (115,100,000) (153,200,000) (163,158,000) (173,763,270) (185,057,883) (197,086,645)
Depreciation expenses (107,625,000) (116,843,640) (151,005,671) (173,763,270) (224,655,245) (226,054,103)
Total operating expenses (600,125,000) (1,883,193,640) (2,783,212,421) (3,633,413,409) (5,041,418,100) (6,485,227,655)
Gross Profit (600,125,000) 3,440,126,360 7,845,746,779 13,958,661,030 20,354,361,172 30,184,790,753
Gross Profit as % of Net Sales #DIV/0! 65% 74% 79% 80% 82%
Revenue Sharing to Partner 40% - 2,008,800,000 4,010,928,000 6,638,518,656 9,583,312,933 13,837,742,795
Operating income
Income before taxes (600,125,000) 1,431,326,360 3,834,818,779 7,320,142,374 10,771,048,239 16,347,047,958
Provision for income taxes 0 357,831,590 958,704,695 1,830,035,593 2,692,762,060 4,086,761,989
Net income profit (600,125,000) 1,073,494,770 2,876,114,084 5,490,106,780 8,078,286,179 12,260,285,968
Net income as % of Net Sales #DIV/0! 20% 27% 31% 32% 33%
INCOME STATEMENT
PT ANAGATA RISWARA
December Year 5
60 e-MM Learning for Professionals |
Balance Sheet |O
BALANCE SHEET Year 0 Year 1 Year 2 Year 3 Year 4 Year 5
ASSET
Cash 375,900,000 3,690,420,000 10,308,451,200 21,262,006,982 37,074,473,322 59,906,748,934
Others (feasibility studies) 100,000,000 100,000,000 100,000,000 100,000,000 100,000,000 100,000,000
Fixed asset 638,125,000 684,218,200 855,028,356 1,033,356,621 1,223,276,223 1,230,270,516
Acc. Depreciation (107,625,000) (224,468,640) (375,474,311) (549,237,581) (773,892,826) (999,946,929)
Other assets 335,000,000 335,000,000 335,000,000 335,000,000 335,000,000 335,000,000
Total Assets 1,341,400,000 4,585,169,560 11,223,005,244 22,181,126,022 37,958,856,719 60,572,072,521
LIABILITIES
Marketing and Selling 40,000,000.00 288,750,000.00 597,168,750.00 965,423,468.75 1,394,614,744.22 1,885,453,452.59
General and administration expenses 337,400,000.00 1,701,800,000.00 3,862,430,000.00 6,780,062,150.00 10,982,575,847.75 16,553,824,045.85
Operational Expenses /cogs 115,100,000.00 268,300,000.00 431,458,000.00 605,221,270.00 790,279,152.55 987,365,797.47
Others Liabilities 1,073,125,000.00 1,119,218,200 1,290,028,356 1,468,356,621 1,658,276,223 1,665,270,516
Provision for income taxes - 357,831,590 1,316,536,285 3,146,571,878 5,839,333,938 9,926,095,927
Total Liabilities 1,565,625,000 3,735,899,790 7,497,621,390 12,965,635,388 20,665,079,906 31,018,009,739
EQUITY
Capital Stock - - - - - -
Retained earnings 375,900,000 (224,225,000) 849,269,770 3,725,383,854 9,215,490,634 17,293,776,814
Profit/Loss (600,125,000) 1,073,494,770 2,876,114,084 5,490,106,780 8,078,286,179 12,260,285,968
Total Equity-net (224,225,000) 849,269,770 3,725,383,854 9,215,490,634 17,293,776,814 29,554,062,782
TOTAL LIABILITIES AND EQUITY 1,341,400,000 4,585,169,560 11,223,005,244 22,181,126,022 37,958,856,719 60,572,072,521
BALANCE SHEET
PT ANAGATA RISWARA
December Year 5
61 e-MM Learning for Professionals |
Cash Flow| O
Projected Cash Flow Statement Year 0 Year 1 Year 2 Year 3 Year 4 Year 5
Cash Flows from operating activities
Net Income (600,125,000) 1,073,494,770 2,876,114,084 5,490,106,780 8,078,286,179 12,260,285,968
Depreciation expenses 107,625,000 116,843,640 151,005,671 173,763,270 224,655,245 226,054,103
To suppliers for good and servises 40,000,000 248,750,000 308,418,750 368,254,719 429,191,275 490,838,708
Cost of Services 115,100,000 153,200,000 163,158,000 173,763,270 185,057,883 197,086,645
To employeers for services 337,400,000 1,364,400,000 2,160,630,000 2,917,632,150 4,202,513,698 5,571,248,198
Others Liabilities 638,125,000 46,093,200 170,810,156 178,328,265 189,919,602 6,994,292
To government for taxes - 357,831,590 958,704,695 1,830,035,593 2,692,762,060 4,086,761,989
Net Cash flow provided from operating activities 638,125,000 3,360,613,200 6,788,841,356 11,131,884,048 16,002,385,942 22,839,269,905
Cash Flows from investing activities
Purchase of fixed asset & non current assets, others (1,073,125,000) (46,093,200) (170,810,156) (178,328,265) (189,919,602) (6,994,292)
Net Cash flow provided from investing activities (1,073,125,000) (46,093,200) (170,810,156) (178,328,265) (189,919,602) (6,994,292)
Cash Flows from Financing activities
Add Capital 375,900,000 - - - - -
Net increase in cash and cash equivalents (59,100,000) 3,314,520,000 6,618,031,200 10,953,555,782 15,812,466,339 22,832,275,612
Cash and cash equivalent at the beginning of the year - 375,900,000 3,690,420,000 10,308,451,200 21,262,006,982 37,074,473,322
Cash and cash equivalent at the end of the year (59,100,000) 3,690,420,000 10,308,451,200 21,262,006,982 37,074,473,322 59,906,748,934