1. Touroperator SunShine 1.1
19 January 2017
It’s not going very well, too little quest!

2. It’s not going very well, do something!
Next period Profit and enough cash!
Revenue
€4,800,000
Costs of sales
Gross margin
Operational costs
Staff
Depreciation
Interest
€3,840,000
€960,000
€575,000
€375,000
€60,000
€20,000
Loss
-€70,000
Costs of sales: 80% of revenue

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

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

5. Game Goal: Calculate the changes in the Financial Statements
Second goal:
Profit and enough cash for Touroperator SunShine
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!.

6. You are the manager of Touroperator SunShine.
The Balance sheet and Profit & Loss Account at the start are given.
What happened:
A loan and investment (round 1)
‘Discount’ Promotion (round 2)
‘Pay later’ promotion (round 3)
Additional loan or repayments (round 4)
Discount for paying the Trade payables (round 5) , VAT
Who’s the best?

7. Balance Sheet
1/1/2016
Fixed assets
Trade Receivables
Cash balance
600,000
50,000
100,000
Equity
Long-term Liabilities
Short-term Liabilities
Trade Payables
350,000
200,000
Total
750,000

8. Forms and results on website:

9. Attention: Fill in exactly the same name as in previous round
all amounts without euro sign
in thousands
without point or comma
use comma for hundreds

10. Round 1 Balance Sheet (200 punten)
Choice:
Loan: ? ; Short-term or Long-term
Investment: (to pay immediately)
a) An App: €50,000 or €75,000
50% fixed assets ; 50% current assets
(costs charged to operational costs in round 2)
Or b) An Event €100,000 or €125,000 ;
100% current assets
Or c) Accommodation:
€400,000 or €500,000 ; 100% fixed assets
Calculate fixed assets, trade receivables, cash, equity, long-term liabilities, short-term liabilities

11. Round 2 Profit and Loss Account
(200 points)
Depending on your decision in round 1
Costs of sales: 80% of revenue
The revenue will be received immediately.
The supplier must be paid immediately.
Investment (*€1.000)
Additional revenue 50 75
100
125
400
500
700
1,100
1,400
1,500
1,000
1,200

12. Round 2 Profit and Loss Account
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
(based on the new Balance sheet)
Choice: Yes/No “Discount” Promotion:
Costs €10,000 ; additional revenue €500,000
(commission 10%)
Costs €20,000 ; additional revenue €700,000
(Commission 10%)
Calculate :
Revenue, depreciation, interest, profit

13. Round 3 Profit and Loss Account
(200 points)
Choice: “Pay later” Promotion:
the customers may pay later (in the period after the game)
Costs €50,000 ; revenue €600,000 (commission 20%)
Costs €100,000 ; revenue €900,000 (commission 20%)
But if You have chosen for the discount promotion in round 2, the margin is 10%.
The customer pays later, the supplier must be paid
immediately.
Calculate:
Revenue, depreciation, interest and profit

14. Round 4 The Cash Budget (200 points)
Review the Profit & Loss Account
All mentioned costs are also expenditure.
But please note the actions of round 2 and round 3!
50% of the trade payables must be paid in this period.
80% of the trade receivables will be paid.
The cash balance at the end of the period must be positive.
Decision: Additional loan of the bank?
(interest 15% must be paid in round 6 after the game )
Additional repayments of the loan?
(saving 10% interest immediately)
Calculate:
Cash balance (at the end of the period) and the profit

15. Round 5 The Cash Budget (200 points)
Received VAT from customers: €50,000
Paid VAT to supplier: €40,000
Choice: If You pay the remaining Trade Payables You get a discount of 10%
Decision: Additional loan of the bank?
(only in amounts of €10,000)
(interest 15% must be paid in round 6 after the game, costs in Profit & Loss Account this round)
Additional repayments of the loan are not permitted in round 5
Calculate:
Cash balance (at the end of the round) and the profit
Penalty points if profit or cash are negative