1. Touroperator SunShine
17 November 2016
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)
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. 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 the new Balance Sheet

10. Round 2 Profit and Loss Account
(200 points)
Depending on your decision in round 1
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

11. 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

12. 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

13. 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 short-time Liabilities must be paid in this period.
75% 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 10% must be paid immediately)
Additional repayments of the loan?
(saving 10% interest immediately)
Calculate:
Cash balance (at the end of the period) and the profit

14. 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 10% must be paid 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 period) and the profit
Penalty points if profit or cash are negative