Aged care home financial model, built free.
A three-statement Excel model for a residential aged care operator, built from your own figures and checked to balance.
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Earns government care funding and resident fees per occupied bed day, and funds itself partly with interest-free refundable accommodation deposits (RADs).
In short
- 01
Three linked statements
Income statement, balance sheet and cash flow, linked in every period.
- 02
Valued three ways
Discounted cash flow, trading multiples and net asset value, side by side.
- 03
Monthly to annual
Monthly, quarterly, half-yearly or annual periods, for up to 30 years.
- 04
Checked every period
A Checks sheet shows the balance sheet balances and the cash reconciles.
The sample, as Excel draws it.
Built by the same system and checks as yours: its structure and its inputs, ready for your own figures.
The sample describes no real business. Yours is calibrated to your own figures, so its results are your business’s.
How the model works for an aged care home.
- How it earns revenue3 formulasCare and everyday-living revenue · All aged care homesResident revenueMonthly rentLevel-of-care feesCommunity feesMove-in concessionsAccommodation payments (RADs and DAPs) · All aged care homesClosing RAD balancePlaces paid by RADAverage RAD heldAccommodation payments (RADs and DAPs) · All aged care homesNet RAD inflows (received less refunded)Closing RAD balanceOpening RAD balance
- What drives its costs3 formulasCare staffing · All aged care homesCare staff costsRegistered nurse costsEnrolled nurse costsPersonal care worker costsHotel, lifestyle and administration staff costsCare staffing · All aged care homesDirect care minutes deliveredRN hours (target or 24/7 cover if higher)from target or 24/7 cover if higherEN hoursPCW hoursOperating expenses · Across the businessTotal FTEsOperations and deliverySales and marketingTechnologyFinance, HR and administration
- What it invests in3 formulasBed and room development · All development projectsDevelopment capexDevelopment cost still to spendShare of the remaining cost spent in the periodBed and room development · All development projectsClosing book valueOpening book valueDevelopment capexDepreciation of completed worksCorporate fixed assetsCapital expenditureRevenuefrom statementsCapex as % of revenueAdditional planned capex
- How it is funded3 formulasDebtRepaymentsScheduled repaymentsPrepayments from an equity raise and the cash sweepDebtClosing balanceOpening balanceDrawdownsRepaymentsDebtInterest expenseOpening balanceAll-in interest rateshare of the year
- How profit becomes cash3 formulasWorking capitalTrade receivablesRevenuefrom statementsDebtor daysDays in periodWorking capitalInventoryDirect costs (positive)from statementsInventory daysDays in periodWorking capitalTrade payablesCash operating costs (positive)from statementsCreditor daysDays in period
20 parts, each one tested.
Every part is a tested building block with its own checks: yours is put together from the ones your business needs.
- CPI forecastConsensus curve with long-run anchor
- Operating expensesHeadcount build by function
- Corporate costsFixed cost base indexed to CPI
- Working capitalFull working capital
- Income taxCorporate rate with tax losses
- Corporate fixed assetsStraight-line over remaining life
- DebtAmortising term loan
- Equity raisingDistribution reinvestment plan
- Dividends and distributionsPayout of net profit
- Discounted cash flow valuationDCF on free cash flow to the firm
- Multiples valuationEV / EBITDA multiple
- Net asset valueBook net asset value
- Key-metric summaryLast-twelve-month and run-rate metrics
- Covenant tests and headroomLVR, gearing and ICR for property
- Case selectionStackable stress toggles
- Places and occupancyNew home fill-up curveOperational places and the occupied bed days they generate, including fill-up of new or refurbished homes.
- Care and everyday-living revenuePrivate-pay monthly rate (RevPOR)Government care funding, supplements and resident daily fees earned per occupied bed day.
- Accommodation payments (RADs and DAPs)RAD balance per occupied placeRefundable accommodation deposits held as an interest-free liability, and daily accommodation payments and supplements earned as revenue.
- Care staffingCare minutes per resident per dayRegistered nurse, enrolled nurse and personal care worker costs driven by mandated care minutes and award wages.
- Bed and room developmentCost per bed over the build periodConstruction or refurbishment capex that adds or upgrades beds, places, theatres or rooms, and the depreciation of completed works.
The numbers it tracks.
- 01occupancy
- 02EBITDA per occupied bed
- 03RAD balance
- 04net RAD inflows
- 05average incoming RAD
- 06net debt excluding RADs
What it is used for.
- Operating forecastGuide · Financial projections
- Budget and rolling forecastGuide · Cash flow forecast
- ValuationGuide · DCF valuation model
- Lending and credit analysisGuide · Three-statement model
- Development feasibilityGuide · Financial modelling services
- Merger or acquisition (strategic)Guide · Financial modelling services
- Restructuring and liquidityGuide · Financial modelling services
- Scenarios and sensitivities
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See a finished model, sheet by sheetThe sample is built on illustrative figures and describes no real business. Models are calculations prepared from the information you provide. They are not financial advice and must be independently verified. See our terms.