Fun Park Surae Its not going very well

Fun Park Surae It’s not going very well, not enough quests! 1

It’s not going very well, do something! Next period Profit and enough cash! Profit & Loss Account Revenues tickets Revenues Food & Beverage Total Costs: Cost of sales Operational costs Staff Depreciation Interest Total costs Loss € 900, 000 € 200, 000 € 1, 100, 000 € 575, 000 € 425, 000 € 90, 000 € 30, 000 € 1, 220, 000 -€ 120, 000 Look at the slides on paper! 2

We start with a quiz 5 questions about the Balance Sheet 5 questions about the Profit & Loss Account 5 questions about the Cash Budget You only get points with a good answer, but more points with a quick answer. 3

Quiz Voor docent Ga naar create. kahoot. it click in het menu op public kahoots zoek: game Surae Dan: Play - Launch - Start en speel op de telefoon Students in class Play the quiz on your cellphone Go to: www. Kahoot. it Fill in the pincode and a nickname And wait for the questions 4

5 You are the manager of Fun Park Surae. The Balance sheet and Profit & Loss Account at the start are given. What happened: • • • You borrow money (round 1) You invest (round 2) Extra costs (and revenue) for a promotions (round 3) Extra or less staff (round 4) Beware of enough cash (round 5) Who’s the best?

Game 6 Goal: Calculate the changes in the Financial Statements Second goal: Profit and enough cash for Fun park Surae • Your decisions don’t effect other teams. • As a consequence of the decicions for each team the reality is different. • Communicate with teammembers about your decisions!.

7 Balance Sheet Fixed assets 1/1/2016 900, 000 Equity 500, 000 Long-term liabilities 400, 000 Short-term liabilities 100, 000 Current assets Cash 100, 000 Total 1, 000, 000

The decisions wil be processed in a google docs spreadsheet. You get points for a good answer (green) 8

Forms and results on website: http: //jooplengkeek. nl/surae. html 9

Round 1 Balance Sheet (200 points) 10 Decision: Loan € 100, 000 / € 200, 000 / € 300, 000 / € 400, 000 Decision: long-term loan or short-term loan Calculate: the new Balance Sheet 2/1/2016 Fixed assets Cash ? ? Total Equity Long-term liabilities Short-term liabilities Total ? ? ?

Round 2 Balance Sheet (200 points) 11 Decision: Investment: € 100, 000/€ 200, 000/€ 300, 000/€ 400, 000 Investment in: Indoor playground or outdoor playground • Cash minimal € 100, 000 • Cash minus the short-term loan must be positive Calculate: the new Balance Sheet 2/1/2016 Fixed assets Cash ? ? Total Equity Long-term liabilities Short-term liabilities Total ? ? ?

Round 3 Profit and Loss Account (200 points) Depending on your decision in round 2 Is it good or bad weather? Investment Revenue tickets Indoor playground Good weather Bad weather Outdoor playground Good weather Bad weather € 100, 000 € 200, 000 € 300, 000 € 400, 000 +5% +10% +20% +15% +30% +20% +40% +10% +5% +20% +10% +30% +15% +40% +20% 12

Round 3 Profit and Loss Account • • 13 Depreciation 10% of fixed assets Interest 5% of long-term loan Interest 10% of short-term loan Repayments of loan: 20% of long-term loan • Decision: yes or no promotion: Costs: € 50, 000 of € 0 ; Revenue tickets increase: + € 100, 000 of € 0 but attention: Costs this period and the receipts period after the game! Calculate: Revenue tickets, depreciation, interest, profit

Round 4 Profit and Loss Account (200 points) Decision: Investment in staff? + € 20, 000 of + € 40, 000 of - € 10, 000 Staff costs Revenue Food & Beverage Costs of sales Food & Beverage + € 20, 000 +20% +5% + € 40, 000 +40% +10% - € 10, 000 0% 0% Calculate: Revenue Food & Beverage, Costs of sales Food & Beverage, Profit, Equity 14

Round 5 The Cash Budget (200 points) 15 Review the Profit & Loss Account Cost of sales F&B, fixed costs, staff costs, interest must be paid in the same period and are also expenditure. But what about the depreciation and repayments of the loan? 50% of the short-term liabilities must be paid in this period. Attention for the ticket receipts!

Round 5 The Cash Budget 16 The cash balance at the end of the period must be positive Decision: Additional loan of the bank? Commission € 10, 000 ; interest costs next period Penalty points if profit or cash are negative Calculate: Receipts of revenue, depreciation in cash budget, repayments of the loan, cash balance at the end of the period