Donramon
New Economy Consultants Co.
New Economy Consultants Co.
Annual Report 2012
New Economy Consultants Co.
Annual Report 2012
NEC
NEC
Contents
Company Overview…………………………………………………..................1
Year in Review…..…………………………………………………....................1
Financial Statements ……………………………………………………………2
Notes to financial statements……………………………………………………4
Looking forward………………………………………………………………...6
Recommendation regarding government contracts……………………………..6
Source…………………………………………………………………………...8
Company Overview
New Economy Consultants Co. is founded in January 2012 by three IE MIM alumni, aiming to provide consultancy services related to IT, general management, contract and employment law issues. Till now there are four shareholders, including the three founders, who together comprise the board of direction. In addition to the three original founders who act as executives, three employees have been working for the company since the inception.
Our main clients are small IT companies or new founded businesses which need these services. The company gains revenue from the projects or contracts granted by regular clients. Therefore, the company's revenue and cash flow depends on its success and ability to constantly win new projects. This is the first year of our business. We see a great potential from the year’s operating performance and are hoping for a spectacular prospect in the company’s future.
Year in Review
When starting the company, three owners contributed €50000 cash and a software which was valued €10000. During the year, the company collected money from its clients monthly and thus maintained the cash flow. Meanwhile, several types of expenses were incurred throughout the year with different payment agreements or periods. Besides a lease settlement for office accommodation, the company made an initial investment for refurbishment, new fixtures, office furniture, computer and photocopying equipment. Other non-one-time costs, such
New Economy Consultants Co.
Annual Report 2012
New Economy Consultants Co.
Annual Report 2012
NEC
NEC
Contents
Company Overview…………………………………………………..................1
Year in Review…..…………………………………………………....................1
Financial Statements ……………………………………………………………2
Notes to financial statements……………………………………………………4
Looking forward………………………………………………………………...6
Recommendation regarding government contracts……………………………..6
Source…………………………………………………………………………...8
Company Overview
New Economy Consultants Co. is founded in January 2012 by three IE MIM alumni, aiming to provide consultancy services related to IT, general management, contract and employment law issues. Till now there are four shareholders, including the three founders, who together comprise the board of direction. In addition to the three original founders who act as executives, three employees have been working for the company since the inception.
Our main clients are small IT companies or new founded businesses which need these services. The company gains revenue from the projects or contracts granted by regular clients. Therefore, the company's revenue and cash flow depends on its success and ability to constantly win new projects. This is the first year of our business. We see a great potential from the year’s operating performance and are hoping for a spectacular prospect in the company’s future.
Year in Review
When starting the company, three owners contributed €50000 cash and a software which was valued €10000. During the year, the company collected money from its clients monthly and thus maintained the cash flow. Meanwhile, several types of expenses were incurred throughout the year with different payment agreements or periods. Besides a lease settlement for office accommodation, the company made an initial investment for refurbishment, new fixtures, office furniture, computer and photocopying equipment. Other non-one-time costs, such