Artemis Natural Homes
Cash Flow Statememt
Years 1 to 5
($)
		Year 1	Year 2	Year 3	Year 4	Year 5
OPERATING ACTIVITIES
Net Earnings		(15,614)	16,154	19,386	45,858	40,200
Depreciation		714	1,143	1,571	1,857	2,143
Working Capital Changes
(Increase)/Decrease Accounts Receivable		(3,366)	(8,415)	(7,854)	(11,781)	(4,488)
(Increase)/Decrease Inventories		(1,734)	(4,335)	(4,046)	(6,069)	(2,312)
(Increase)/Decrease Other Current Assets		(3,774)	(9,435)	(8,806)	(13,209)	(5,032)
Increase/(Decrease) Accts Pay & Accrd Expenses		3,060	7,650	7,140	10,710	4,080
Increase/(Decrease) Other Current Liab		5,100	12,750	11,900	17,850	6,800
Net Cash Provided by Operating Activities		(15,614)	15,511	19,292	45,216	41,391
INVESTING ACTIVITIES
Plant & Equipment		(5,000)	(3,000)	(3,000)	(2,000)	(2,000)
Other
Net Cash Used in Investing Activities		(5,000)	(3,000)	(3,000)	(2,000)	(2,000)
FINANCING ACTIVITIES
Increase/(Decrease) Short Term Debt		0	0	0	0	0
Increase/(Decrease) Curr. Portion LTD		0	0	0	0	0
Increase/(Decrease) Long Term Debt		0	0	(10,000)	0	0
Increase/(Decrease) Common Stock		0	0	0	0	0
Increase/(Decrease) Preferred Stock		0	0	0	0	0
Dividends Declared		0	0	0	0	0
Net Cash Provided / (Used) by Financing		0	0	(10,000)	0	0
INCREASE/(DECREASE) IN CASH		(20,614)	12,511	6,292	43,216	39,391
CASH AT BEGINNING OF YEAR		40,000	19,386	31,897	38,189	81,405
CASH AT END OF YEAR	40,000	19,386	31,897	38,189	81,405	120,795