Expenses & budgets

Bills, supplier payments and batch budgets. Expenses incurred, cash paid and feed consumed are kept separate.

Batch budget

All batch budgets

Expected profit is a projection from the expected scenario; actual cost is attributable cost recorded to date.

Batch	Status	Expected profit Projected	Actual cost to date	Budget used
RF-2412	active	₦6,790,000	₦8,277,262	30%
RF-2411	active	₦7,223,600	₦15,374,697	53%
RF-2410	harvesting	₦8,558,000	₦26,562,712	81%
RF-2409	completed	₦5,302,000	₦21,626,852	97%
RF-2408	completed	₦7,140,000	₦26,529,187	97%
RF-2407	completed	₦7,376,000	₦32,499,938	100%

RF-2411 budget

Ibadan Main Farmactive

Expected revenue Projected: ₦35,963,200
Revenue recorded to date: ₦0

Scenarios

5,200 chicks at ₦1,200	Conservative	Expected	Optimistic
Assumptions
Mortality	8.0%	5.0%	3.5%
Sale weight	2.30 kg	2.60 kg	2.80 kg
Selling price / kg	₦2,800	₦2,800	₦3,050
Feed / bird placed	4.5 kg	4.4 kg	4.3 kg
Feed cost / kg	₦950	₦920	₦900
Medication	₦320,000	₦260,000	₦240,000
Labour	₦680,000	₦630,000	₦630,000
Other costs	₦650,000	₦560,000	₦520,000
Forecast Projected
Birds sold	4,784	4,940	5,018
Saleable kg	11,003 kg	12,844 kg	14,050 kg
Revenue	₦30,808,960	₦35,963,200	₦42,853,720
Total cost	₦30,120,000	₦28,739,600	₦27,754,000
Profit	₦688,960	₦7,223,600	₦15,099,720
Margin	2.2%	20.1%	35.2%
Break-even price / kg	₦2,737	₦2,238	₦1,975
Edit scenarios

Budget vs actual

Actual = attributable cost to date: direct batch expenses plus feed consumed (feed purchases are not counted).

Cost line	Budget (expected) Projected	Actual to date	Variance	Used
Chicks	₦6,240,000	₦6,240,000	₦0	100%
Feed (consumed)	₦21,049,600	₦8,337,137	−₦12,712,463 under	40%
Medication	₦260,000	₦201,760	−₦58,240 under	78%
Labour	₦630,000	₦210,000	−₦420,000 under	33%
Other	₦560,000	₦385,800	−₦174,200 under	69%
Total	₦28,739,600	₦15,374,697	−₦13,364,903 under	53%