12 Months   1.0       2004 2004 2004 2004 2004 2004 2004 2004 2004 2004 2004 2004   2004  
to end Dec   1.0       Jan Feb Mar  Apr May Jun Jul Aug Sep Oct Nov Dec   Year  
CASHFLOW PROJECTIONS 1.0 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000  
  1.0    
CASH RECEIPTS 1.0    
Cash sales & accounts receivable (Note 1) 23.5 28.6 26.5 23.4 25.3 26.2 27.0 27.9 28.7 29.6 30.5 31.5 328.8  
Proceeds of new stock issues 5.0 5.0  
Increases in longterm debt/notes 10.0 10.0  
Proceeds from sale of fixed assets 6.0 6.0  
Sales Tax recovered from State 0.7 0.7 0.8 0.8 0.8 0.8 0.9 0.9 0.9 0.9 1.0 9.1  
Capital grants/subsidies received    
Revenue grants/subsidies received    
Miscellaneous income received 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 12.0  
Interest received 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1  
Total cash receipts 1.0 24.5 35.3 44.3 25.2 27.1 28.0 28.8 29.7 30.6 31.5 32.5 33.4 371.0  
  1.0    
CASH PAYMENTS 1.0    
Materials/goods accounts payable (Note 2) 17.2 14.7 14.5 13.9 11.8 12.2 12.6 13.0 13.4 13.8 14.3 14.7 166.2  
Total direct cost payments (Note 3) 3.5 4.0 4.1 4.4 4.7 4.8 5.2 5.4 5.5 5.6 5.7 5.8 58.8  
Total overhead expense payments (Note 4) 5.2 6.3 6.3 6.3 6.4 6.4 6.4 6.4 6.4 6.4 6.5 6.5 75.4  
Taxes paid    
Dividends paid    
Capital expenditure payments 9.0 30.0 39.0  
Operating lease  payments 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 13.2  
Longterm debt/note repayments 5.0 5.0 5.0 5.0 20.0  
Sales Tax paid on overheads, capex etc.    
Sales Tax paid to State    
Opening payroll taxes/benefits paid 5.0 5.0  
Changes in prepaid expenses (2.0) (2.0)  
Changes in accrued expenses 4.0 4.0  
Interest paid 0.6 0.6 0.6 0.6 0.6 0.6 0.5 0.5 0.6 0.8 0.7 0.7 7.5  
Total cash payments 1.0 35.6 30.7 35.7 31.4 24.6 25.1 30.8 26.5 57.1 32.8 28.3 28.8 387.2  
  1.0    
Net cashflow 1.0 (11.1) 4.7 8.6 (6.2) 2.5 2.9 (1.9) 3.3 (26.5) (1.2) 4.2 4.6 (16.1)  
  Opening 1.0 Opening    
Closing net cash balance (deficit) (22.0) 1.0   (22.0)   (33.1) (28.5) (19.8) (26.1) (23.5) (20.6) (22.6) (19.3) (45.8) (47.0) (42.8) (38.1)   (38.1)  
Notes on Cashflow Projections 1.0                                    
  1.0    
Note 1 1.0    
  Cash sales & accounts receivable 3.5 18.6 21.5 23.4 25.3 26.2 27.0 27.9 28.7 29.6 30.5 31.5 293.8  
  Opening accounts receivable 20.0 10.0 5.0 35.0  
  1.0 23.5 28.6 26.5 23.4 25.3 26.2 27.0 27.9 28.7 29.6 30.5 31.5 328.8  
Note 2 1.0    
  Materials/goods accounts payable 2.2 7.7 9.5 10.9 11.8 12.2 12.6 13.0 13.4 13.8 14.3 14.7 136.2  
  Opening accounts payable 15.0 7.0 5.0 3.0 30.0  
  1.0 17.2 14.7 14.5 13.9 11.8 12.2 12.6 13.0 13.4 13.8 14.3 14.7 166.2  
Note 3 1.0    
  Direct cost payments: 1.0    
    -Wages and salaries (direct) 0.5 0.5 0.5 0.8 0.8 0.8 1.0 1.0 1.0 1.0 1.0 1.0 10.1  
    -Payroll taxes/benefits (direct) 0.3 0.3 0.3 0.5 0.5 0.5 0.7 0.7 0.7 0.7 0.7 0.7 6.1  
    -Energy (variable) 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9 2.0 2.1 18.6 18.6  
    -Repairs/maintenance (variable) 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 24.0 24.0  
    -Subcontract    
    -Consumables    
  1.0 3.5 4.0 4.1 4.4 4.7 4.8 5.2 5.4 5.5 5.6 5.7 5.8 58.8  
Note 4 1.0    
  Overhead expense payments: 1.0    
    -Wages and salaries (overheads) 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 19.8  
    -Payroll taxes/benefits (overheads) 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 12.1  
    -Freight expenses 0.4 0.5 0.5 0.5 0.5 0.5 0.5 0.6 0.6 0.6 0.6 0.6 6.3  
    -Advertising & brochures 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 6.0  
    -Special promotion    
    -Miscellaneous selling/dist    
    -Office supplies etc. 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 3.0  
    -Mail, telephone, telex & fax 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 6.0  
    -Travel 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 12.0  
    -Computer supplies etc. 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 1.2  
    -Utilities     
    -Rent & property taxes    
    -Insurances    
    -Other establishment    
    -Other administration 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 9.0  
  1.0 5.2 6.3 6.3 6.3 6.4 6.4 6.4 6.4 6.4 6.4 6.5 6.5 75.4  
    1.0