Cash flow statement

2008

Cash receipts (a) €175,000

Cash sales €40,000

Loans €215,000

Total cash receipts

Cash payments (b)

Rent €102,000

Admin €85,000

Total cash payments €187,000

Net cash flow €28,000

Profit and loss account

2008

Net sales (c) 250,000

Cost of sales (80,000)

Gross profit 170,000

Selling, general, and administrative expenses (65,000)

Operating profit (d) 105,000

Other income 20,000

Earnings before taxes 125,000

Taxes (25,000)

Net income 100,000

Balance sheet

April 1 2008

Assets

Current assets (e)

Cash €75,000

Accounts receivable €150,000

Total current assets €225,000

Fixed assets (f)

Land €150,000

Total fixed assets €150,000

Total assets €375,000

Liabilities (g)

Current liabilities

Taxes payable €100,000

Payroll €125,000

Total current liabilities €225,000

Long-term liabilities

Loans repayable €50,000

Total long-term liabilities €50,000

Total liabilities €275,000

Net assets (h) €100,000

Owners’ equity (i) €100,000

are clear

admit they don’t understand

stick to the agenda

summarize decisions clearly

are direct and sometimes rude

often interrupt

are unclear

never admit ignorance

don’t stick to the agenda

don’t summarize decisions

are indirect and never rude

rarely interrupt

In meetings, people generally:

A: Well, I think we’ve got to attract top people with things other

than money.

B: How do you think we can do that? I mean, what exactly do you

have in mind?

A: I was thinking of providing a better all round package.

B: You mean with things like good terms and conditions.

A: Yes, that’s right. Holidays, paternity and maternity leave,

sabbaticals – that sort of thing. What do you think?

B: I agree with you. I think it’s a good idea to consider non-financial

incentives to get the best people, if that’s what you mean.

A: Yes, I do. So we’re agreed we’ll look into the whole salary

package for executive recruitment.

Suggested minutes

Meeting minutes

Date: 16 SeptemberTime: 14.30 – 16.00Venue: Room 346Chair: Enzo Falconi (EF)Attendees: Alice Keller (AK), François Weber (FW), Dylan Sanders (DS)

2 Chasing up late payers

We agreed to review the email sent to late payers and also when the first reminder is sent out. FW will redraft the email to make it more assertive and AK will review the schedule for reminders. FW and AK to report back at next meeting.

FW and AK 30th September

3 Covering for absent colleagues

DS argued that we need to cover for absent colleagues rather than just

leaving their work till they get back. AK said the year end was not the

time to introduce this initiative and that there would be a need for

training. DS agreed to draw up a draft training schedule for next year

which we can discuss in January.

DS January 4 Reducing office waste

Following a brainstorming session on how waste could be reduced, it

was agreed that we needed the advice of an environmental expert. EF

agreed to follow this up and report back in October.

EF 13th October