This document summarizes the quarterly profit and loss for the Project SeaStar 6.5ha development in Bali from 2010 to 2012. It shows increasing unit sales over time, with no sales in the first quarter but all units sold by the end of 2012. Overall the project was profitable, with a profit after tax of $53,936 despite initial losses as construction costs were incurred before units sold.

1. Project SeaStar 6.5ha - Bali
Profit & Loss (Quarter) 2010 2011 2012
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Total
N° of Units Sold 0 3 11 14 14 17 19 37 38 13 0 0 165
Sales Completion Rate 0% 2% 8% 16% 25% 35% 47% 70% 92% 100% 100% 100% 100%
Gross Revenue from Unit Sales 0 6,900 26,450 34,500 34,500 43,792 48,438 93,150 94,530 31,740 0 0 414,000
Developer's Fees from Unit Sales 0 828 3,174 4,140 4,140 5,255 5,813 11,178 11,344 3,809 0 0 49,680
Net Revenue from Operations 0 6,072 23,276 30,360 30,360 38,537 42,625 81,972 83,186 27,931 0 0 364,320
Cost of Construction 0 5,125 25,627 25,627 25,627 56,563 56,563 40,211 20,929 0 0 0 256,274
Construction Completion Rate 0% 2% 12% 22% 32% 54% 76% 92% 100% 100% 100% 100% 100%
Marketing + Advertizing 798 498 348 498 498 498 348 498 498 116 0 0 4,598
Travel & Entertainment 135 135 135 135 135 135 135 135 135 45 0 0 1,260
Cost of Promotion 933 633 483 633 633 633 483 633 633 161 0 0 5,858
Developer's Fees 0 513 2,563 2,563 2,563 5,656 5,656 4,021 2,093 0 0 0 25,627
Project Expenditure 933 1,146 3,046 3,196 3,196 6,289 6,139 4,654 2,726 161 0 0 31,485
Project Contribution -933 -199 -5,397 1,537 1,537 -24,316 -20,077 37,107 59,531 27,770 0 0 76,561
Prooject Financing Received 50,000 0 0 0 0 0 0 0 0 0 0 0 50,000
Prooject Financing Repaid 0 0 0 0 0 0 0 0 0 50,000 0 0 50,000
Project Financing 50,000 0 0 0 0 0 0 0 0 -50,000 0 0 0
Bank Interest 0 7 9 10 10 4 0 145 354 149 0 0 688
Financial Income 0 7 9 10 10 4 0 145 354 149 0 0 688
Project Financing Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Financier's Profit Share 0 0 0 0 0 0 0 0 0 0 0 0 0
Bank Interest Charged 0 0 0 0 0 0 0 0 0 0 0 0 0
Financial Expenditure 0 0 0 0 0 0 0 0 0 0 0 0 0
EBITDA -933 -192 -5,388 1,547 1,547 -24,312 -20,077 37,252 59,886 27,919 0 0 77,249
Corporation Tax 0 0 0 0 0 0 0 0 0 0 0 23,313 23,313
PROFIT AFTER TAX -933 -192 -5,388 1,547 1,547 -24,312 -20,077 37,252 59,886 27,919 0 -23,313 53,936