TEXTUAL SUMMARY REPORT
	Date prepared:	05-Jan-04
	The following assumption and financial reports for ANY CORP INC
	cover the year commencing in Jan 2004. They have been derived from
	the detailed assumptions in Cashflow Plan's monthly reports.
	ASSUMPTIONS  - ANY CORP INC
	This report covers the twelve months to end Dec 2004 and has been
	based on detailed monthly projections and assumptions.
	The following table and chart summarize sales projections for the year:
		Quarter Ends in Year to Dec 2004				Annual
	Sales	1 Qtr	2 Qtr	3 Qtr	4 Qtr	Total
		$000	$000	$000	$000	$000
	Sales Groups:
	Subgroup a	52.5	57.0	61.5	66.0	237.0
	Subgroup b	15.8	18.2	21.1	24.5	79.6
	Subgroup c
	Subgroup d
	Subgroup e
	Total sales	68.3	75.2	82.6	90.5	316.6
	% Quarterly changes	NA	10.2	9.8	9.5
	Projected inventory levels for the four quarters are as follows:
		Opening	Quarter Ends in Year to Dec 2004
	Inventories	Levels	1st	2nd	3rd	4th
		$000	$000	$000	$000	$000
	Materials/goods	50.0	50.0	50.0	50.0	50.0
	The projected average materials/goods cost percentages are as follows:
		Quarterly Averages for Year to Dec 2004				Annual
	Material/Goods costs	1st	2nd	3rd	4th	Averages
		% Sales	% Sales	% Sales	% Sales	% Sales
	Materials/goods	41.0	41.0	41.0	41.0	41.0
	The projected headcounts at quarter ends are as follows:
			Quarter Ends in Year to Dec 2004
	Functions		1st	2nd	3rd	4th
			Nos	Nos	Nos	Nos
	Direct labor		1	2	2	2
	Clerical		1	1	1	1
	Management		1	1	1	1
	Total headcount		3	4	4	4
	Direct costs and overhead expenses are summarized below.
				Quarters in Year to Dec 2004			Annual
	Cost  Analysis		1st	2nd	3rd	4th	Total
			$000	$000	$000	$000	$000
	Materials/packaging/goods		28.0	30.9	33.9	37.1	129.8
	Direct labor		2.6	3.9	5.2	5.2	16.9
	Other direct		9.3	10.2	11.1	12.0	42.6
	Total cost of sales		39.9	44.9	50.2	54.3	189.3
	Overhead expenses:
	Selling & freight		2.9	3.0	3.2	3.3	12.3
	Management/admin staff		8.3	8.3	8.3	8.3	33.0
	Admin/establish		7.8	7.8	7.8	7.8	31.2
	Total overhead expenses		18.9	19.1	19.2	19.4	76.5
	Total direct costs & expenses		58.8	64.0	69.4	73.6	265.8
	Proposed capital expenditure (excluding finance leasing) is summarized in the next table.
				Quarters in Year to Dec 2004			Annual
	Capital Expenditure		1st	2nd	3rd	4th	Total
			$000	$000	$000	$000	$000
	Total capital expenditure				30.0		30.0
	Changes in longterm debt and leasing are summarized below.
				Quarters in Year to Dec 2004			Annual
	Debt & Leasing		1st	2nd	3rd	4th	Total
			$000	$000	$000	$000	$000
	Increase in longterm debt/notes		10.0				10.0
	Longterm debt/note repayments		5.0	5.0	5.0	5.0	20.0
	Net changes in longterm debt/notes		5.0	(5.0)	(5.0)	(5.0)	(10.0)
	Other significant transactions during the year include the following:
				Quarters in Year to Dec 2004			Annual
	Other Transactions		1st	2nd	3rd	4th	Total
			$000	$000	$000	$000	$000
	Revenue grants/subsidies
	Proceeds of new stock issues		5.0				5.0
	Proceeds of fixed asset sales		6.0				6.0
	Dividends for current year
	The following key assumptions regarding rates etc. were used
	in compiling the projections for the year to end Dec 2004.
	Items		Value	Basis
	Depreciation		10.0	Annual % rates
	Interest rates (% pa):
	Cash at bank		4.0	Monthly average
	Short-term loans/line of credit		13.5	Monthly average
	Longterm debt/notes		12.5	Monthly average
	Working capital:
	Accounts receivable (days sales)		39	Based on full-yr sales
	Inventory (days sales)		58	Based on full-yr sales
	Accounts payable (days costs/exs)		23	Based on full-yr costs
	The projected monthly levels of inventory, receivables and payables
	are indicated below:
	CASHFLOW & FINANCIALS - ANY CORP INC
	CASHFLOW PROJECTIONS
	Based on detailed monthly projections, the net cash OUTFLOW for the
	year will be $16 000. The projected year-end bank position will
	be a $38 000 short-term loan (line of credit) requirement.
	The following table analyses cashflows for the year:
	Year to end Dec 2004				$000
	CASH RECEIPTS
	Cash sales & accounts receivable				328.8
	Proceeds of new stock issues				5.0
	Increases in longterm debt/notes				10.0
	Proceeds from sale of fixed assets				6.0
	Sales Tax recovered from State				9.1
	Capital grants/subsidies received
	Revenue grants/subsidies received
	Miscellaneous income received				12.0
	Interest received				0.1
	Total cash receipts				371.0
	CASH PAYMENTS
	Materials/goods accounts payable				166.2
	Total direct cost payments				58.8
	Total overhead expense payments				75.4
	Taxes paid
	Dividends paid
	Capital expenditure payments				39.0
	Operating lease  payments				13.2
	Longterm debt/note repayments				20.0
	Sales Tax paid on overheads, capex etc.
	Sales Tax paid to State
	Opening payroll taxes/benefits paid				5.0
	Changes in prepaid expenses				(2.0)
	Changes in accrued expenses				4.0
	Interest paid				7.5
	Total cash payments				387.2
	Net cashflow				(16.1)
	Closing net cash balance (deficit)				(38.1)
	The following chart highlights the monthly net cashflows and cash balances for the year:
	The next chart highlights the net cashflows and cash balances for the initial three months:
	The following table summarizes the net cashflows and balances over the full year and
	for the initial three months:
	Cashflow Summary		Full Year		Initial 3 Months
			$000		$000
	Peak cash surplus		0.0		0.0
	Peak cash deficit		(47.0)		(46.8)
	Net cashflow		(16.1)		2.2
	Closing cash surplus (deficit)		(38.1)		(19.8)
	INCOME STATEMENTS
	The following chart summarizes sales and income projections for the year:
	Based on projected sales of $317 000, ANY CORP INC
	expects to report an income before tax of $24 000 for the year.
	The following table analyses these projections:
	Year to end Dec 2004		$000	% Sales
	Sales		316.6	100
	Cost of sales		189.3	60
	Gross Margin		127.3	40
	Overhead expenses		76.5	24
	Depreciation		7.8	2
	Operating lease payments		13.2	4
	Total operating expenses		97.5	31
	Income from operations		29.8	9
	Other income/expenses:
	-Profit (loss) disposal of fixed assets		2.0	1
	-Intangible asset amortization		12.0	4
	-Capital grant/subsidy amortization
	-Revenue grants/subsidies
	-Miscellaneous income		12.0	4
	Total other income (expenses)		2.0	1
	Earnings before interest & taxes		31.8	10
	Interest expense/income:
	-Interest expense		7.5	2
	-Interest income		0.1	0
	Net interest expense (income)		7.4	2
	Net income before taxes		24.3	8
	BALANCE SHEETS
	The next table shows the opening & projected balance sheets for the year.
	Year to end Dec 2004			Opening	Closing
	ASSETS			$000	$000
	Current assets:
	Cash			2.0
	Other			100.0	102.6
	Total Current Assets			102.0	102.6
	Fixed & intang assets			64.0	70.2
	Total assets			166.0	172.8
	LIABILITIES
	Current liabilities:
	Short-term loans/credit			24.0	38.1
	Other			70.0	30.0
	Total Current Liabilities			94.0	68.2
	Total longterm liabilities			10.0	15.0
	Total provisions for liabilities
	Total owners' equity			62.0	89.6
	Total liabilities			166.0	172.8
	PERFORMANCE RATIOS
	The following key ratios have been derived from the 12-month
	projections for the year ending Dec 2004:
			Max/Min		Full Year
	Ratios		Monthly		or Year End
	Profitability:
	Gross margin (% sales)		41.7	Max Value	40.2
	Net income before taxes (% sales)		13.4	Max Value	7.7
	Current asset ratio (times)		1.2	Min Value	1.5
	Debt/equity (%)		93	Max Value	65
	This table indicates that the following financial indicators
	derived from the detailed projections, may be out-of-line with
	generally-accepted norms:
	* Debt/equity ratio may be too high