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| Short-Term Cashflow Projections & Chart |
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| Covering First 12 Periods |
|
Jan |
Feb |
Mar |
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| in
Year to Dec 2004 |
|
Week 1 |
Week 2 |
Week 3 |
Week 4 |
Week 1 |
Week 2 |
Week 3 |
Week 4 |
Week 1 |
Week 2 |
Week 3 |
Week 4 |
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| Table
1 - Percentage Distribution of Cashflows for Initial Three Months |
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| CASH RECEIPTS |
|
% |
% |
% |
% |
% |
% |
% |
% |
% |
% |
% |
% |
|
|
| Cash sales
& accounts receivable (Note 1) |
|
10.0 |
10.0 |
50.0 |
30.0 |
10.0 |
10.0 |
50.0 |
30.0 |
10.0 |
10.0 |
50.0 |
30.0 |
|
|
| Proceeds of new
stock issues |
|
|
100.0 |
|
|
|
100.0 |
|
|
|
100.0 |
|
|
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| Increases in
longterm debt/notes |
|
|
100.0 |
|
|
100.0 |
|
|
100.0 |
|
|
| Proceeds from
sale of fixed assets |
|
|
100.0 |
|
|
100.0 |
|
|
100.0 |
|
|
| Sales Tax
recovered from State |
|
|
100.0 |
|
|
100.0 |
|
|
100.0 |
|
|
| Capital
grants/subsidies received |
|
|
100.0 |
|
|
100.0 |
|
|
|
100.0 |
|
|
|
|
| Revenue
grants/subsidies received |
|
|
100.0 |
|
|
|
100.0 |
|
|
|
100.0 |
|
|
|
|
| Miscellaneous
income received |
|
|
100.0 |
|
|
|
100.0 |
|
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|
100.0 |
|
|
|
| Interest
received |
|
25.0 |
25.0 |
25.0 |
25.0 |
25.0 |
25.0 |
25.0 |
25.0 |
25.0 |
25.0 |
25.0 |
25.0 |
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| |
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| CASH PAYMENTS |
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| Materials/goods
accounts payable (Note 2) |
|
50.0 |
30.0 |
10.0 |
10.0 |
50.0 |
30.0 |
10.0 |
10.0 |
50.0 |
30.0 |
10.0 |
10.0 |
|
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| Total direct
cost payments (Note 3) |
|
25.0 |
25.0 |
25.0 |
25.0 |
25.0 |
25.0 |
25.0 |
25.0 |
25.0 |
25.0 |
25.0 |
25.0 |
|
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| Total overhead
expense payments (Note 4) |
|
25.0 |
25.0 |
25.0 |
25.0 |
25.0 |
25.0 |
25.0 |
25.0 |
25.0 |
25.0 |
25.0 |
25.0 |
|
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| Taxes paid |
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|
100.0 |
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|
100.0 |
|
|
|
100.0 |
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| Dividends paid |
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|
100.0 |
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|
100.0 |
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|
100.0 |
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| Capital
expenditure payments |
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|
50.0 |
|
50.0 |
|
50.0 |
|
50.0 |
|
50.0 |
|
50.0 |
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| Operating
lease payments |
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|
50.0 |
|
50.0 |
|
50.0 |
|
50.0 |
|
50.0 |
|
50.0 |
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| Longterm
debt/note repayments |
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|
100.0 |
|
|
100.0 |
|
|
100.0 |
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| Sales Tax paid
on overheads, capex etc. |
|
25.0 |
25.0 |
25.0 |
25.0 |
25.0 |
25.0 |
25.0 |
25.0 |
25.0 |
25.0 |
25.0 |
25.0 |
|
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| Sales Tax paid
to State |
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|
100.0 |
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|
100.0 |
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|
100.0 |
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| Opening payroll
taxes/benefits paid |
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|
100.0 |
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|
100.0 |
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|
100.0 |
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| Changes in
prepaid expenses |
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25.0 |
25.0 |
25.0 |
25.0 |
25.0 |
25.0 |
25.0 |
25.0 |
25.0 |
25.0 |
25.0 |
25.0 |
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| Changes in
accrued expenses |
|
25.0 |
25.0 |
25.0 |
25.0 |
25.0 |
25.0 |
25.0 |
25.0 |
25.0 |
25.0 |
25.0 |
25.0 |
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| Interest paid |
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|
100.0 |
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|
100.0 |
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|
100.0 |
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| Table
2 - Distribution of Cashflows for Initial Three Months |
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| CASH
RECEIPTS |
|
$000 |
$000 |
$000 |
$000 |
$000 |
$000 |
$000 |
$000 |
$000 |
$000 |
$000 |
$000 |
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| Cash sales
& accounts receivable (Note 1) |
|
2.3 |
2.3 |
11.7 |
7.0 |
2.9 |
2.9 |
14.3
|
8.6 |
2.7 |
2.7 |
13.3
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8.0 |
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| Proceeds of
new stock issues |
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5.0 |
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| Increases
in longterm debt/notes |
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|
10.0 |
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| Proceeds
from sale of fixed assets |
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6.0 |
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| Sales Tax
recovered from State |
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0.7 |
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|
0.7 |
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| Capital
grants/subsidies received |
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| Revenue
grants/subsidies received |
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| Miscellaneous
income received |
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1.0 |
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1.0 |
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|
1.0 |
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| Interest
received |
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0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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| Total
cash receipts |
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2.3
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2.3
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12.7
|
7.0
|
2.9 |
2.9 |
20.3
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9.3
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2.7
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2.7
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14.3
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24.7
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| CASH
PAYMENTS |
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| Materials/goods
accounts payable (Note 2) |
|
8.6 |
5.1 |
1.7 |
1.7 |
7.3 |
4.4 |
1.5 |
1.5 |
7.3 |
4.4 |
1.5 |
1.5 |
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| Total
direct cost payments (Note 3) |
|
0.9 |
0.9 |
0.9 |
0.9 |
1.0 |
1.0 |
1.0 |
1.0 |
1.0 |
1.0 |
1.0 |
1.0 |
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| Total
overhead expense payments (Note 4) |
|
1.3 |
1.3 |
1.3 |
1.3 |
1.6 |
1.6 |
1.6 |
1.6 |
1.6 |
1.6 |
1.6 |
1.6 |
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| Taxes paid |
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| Dividends
paid |
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| Capital
expenditure payments |
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4.5 |
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4.5 |
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| Operating
lease payments |
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|
0.6 |
|
0.6 |
|
0.6 |
|
0.6 |
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0.6 |
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0.6 |
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| Longterm
debt/note repayments |
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5.0 |
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| Sales Tax
paid on overheads, capex etc. |
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| Sales Tax
paid to State |
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| Opening
payroll taxes/benefits paid |
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5.0 |
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| Changes in
prepaid expenses |
|
(0.5) |
(0.5) |
(0.5) |
(0.5) |
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| Changes in
accrued expenses |
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1.0 |
1.0 |
1.0 |
1.0 |
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| Interest
paid |
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0.6 |
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0.6 |
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0.6 |
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| Total
cash payments |
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10.3
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7.4
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8.4
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9.6
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10.9
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8.5
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5.0
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6.2
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9.9
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12.0
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4.0
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9.7
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| Net cashflow |
|
(7.9) |
(5.0) |
4.3 |
(2.5) |
(8.0) |
(5.7) |
15.3 |
3.1 |
(7.2) |
(9.3) |
10.2 |
15.0
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| Opening net cash balance
(deficit) |
|
(22.0) |
(29.9) |
(34.9) |
(30.6) |
(33.1) |
(41.1) |
(46.8) |
(31.5) |
(28.5) |
(35.7) |
(45.0) |
(34.8) |
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| Closing net cash balances
(deficit) |
|
(29.9) |
(34.9) |
(30.6) |
(33.1) |
(41.1) |
(46.8) |
(31.5) |
(28.5) |
(35.7) |
(45.0) |
(34.8) |
(19.8) |
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| Notes refer
to Cashflow Projections at the CASH worksheet. |
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| Chart
Values - These items will not be printed |
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Jan |
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Feb |
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Mar |
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Week 1 |
Week 2 |
Week 3 |
Week 4 |
Week 1 |
Week 2 |
Week 3 |
Week 4 |
Week 1 |
Week 2 |
Week 3 |
Week 4 |
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| Net cashflow |
|
(7.9) |
(5.0) |
4.3 |
(2.5) |
(8.0) |
(5.7) |
15.3 |
3.1 |
(7.2) |
(9.3) |
10.2 |
15.0 |
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| Closing net cash balance
(deficit) |
|
(29.9) |
(34.9) |
(30.6) |
(33.1) |
(41.1) |
(46.8) |
(31.5) |
(28.5) |
(35.7) |
(45.0) |
(34.8) |
(19.8) |
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| Initial
3 months (12 weeks) commencing in Jan 2004 |
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