And we can only know that if we do a forecast of the future and
we specifically look at the line of bank credit.
Now to do a forecast we started with a P&L, because the most important thing
to forecast in a forecast of financial statements of a company is the sales.
And we saw that from the sales everything has just flowed.
Because we just followed the policies of the previous years that were reasonable.
And then we moved to the forecast of balance sheet.
And we saw that the balance sheet has basically eight elements in the asset
side, cash, receivables, inventory and fixed assets.
In the liabilities we basically had credit, payables, long-term debt and
equity.
And we started filling in all those numbers starting from the ones
that depend on sales.
Afterwards, we moved onto fixed assets and long-term debt, which is very simple.
Then we filled the equity and if you recall the most important
thing when we do a forecast of the balance sheet is that we fill in cash and credit.
The very, very, very last thing, cash and credit.
And then we did the one for Poly Panel, we did all those numbers, and
then we looked at the line of credit.
And it turned out that the first year you are below 500,000 euros.
But then the second year you are almost at 600,000 euros and
the third year we are near 800,000 euros.
So why is the company needing more and more credit every year?