12 Months   1.0       2005 2005 2005 2005 2005 2005 2005 2005 2005 2005 2005 2006   05-06  
to end Jan   1.0       Feb Mar  Apr May Jun Jul Aug Sep Oct Nov Dec Jan   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 disposals of fixed assets 6.0 6.0  
Sales Tax recovered from State    
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 34.6 43.6 24.4 26.3 27.2 28.0 28.9 29.7 30.6 31.6 32.5 361.9  
  1.0    
Cash payments 1.0    
Materials/goods accounts payable (Note 2) 16.8 13.4 12.9 12.1 9.9 10.2 10.5 10.8 11.2 11.5 11.9 12.3 143.5  
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    
Total capital expend. payments (Note 5) 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 o/h expense, capex etc. inputs    
Sales Tax paid to State 4.0 1.1 1.1 1.2 1.2 1.3 1.3 1.3 1.4 1.4 1.5 1.5 18.3  
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 0.7 0.7 0.6 0.7 0.6 0.6 0.6 0.7 0.8 0.8 0.7 8.1  
Total cash payments 1.0 39.2 30.5 35.2 30.8 23.9 24.3 30.0 25.7 56.3 31.9 27.4 27.9 383.3  
  1.0    
Net cashflow 1.0 (14.8) 4.1 8.3 (6.4) 2.5 2.8 (2.0) 3.2 (26.6) (1.3) 4.1 4.6 (21.5)  
  Opening 1.0 Opening    
Closing net cash balance (deficit) (22.0) 1.0   (22.0)   (36.8) (32.7) (24.4) (30.8) (28.3) (25.5) (27.5) (24.3) (50.9) (52.2) (48.0) (43.5)   (43.5)  
Notes on Cashflow Projections 1.0                                    
  1.0    
Note 1 1.0    
  Cash sales & accounts receivable: 1.0    
     - Current 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 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: 1.0    
     - Current 1.8 6.4 7.9 9.1 9.9 10.2 10.5 10.8 11.2 11.5 11.9 12.3 113.5  
     - Opening 15.0 7.0 5.0 3.0 30.0  
  1.0 16.8 13.4 12.9 12.1 9.9 10.2 10.5 10.8 11.2 11.5 11.9 12.3 143.5  
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  
    -Utilities (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  
    -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  
    -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 (expenses) 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 (expenses) 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  
    -Variable selling 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  
    -Travel expenses    
    -Public relations, exhibitions    
    -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.    
    -Utilities  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  
    -Rent & property taxes 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  
    -Professional fees & audit    
    -Miscellaneous expenses    
  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  
Note 5 1.0    
  Capital expenditure payments 30.0 30.0  
  Opening capital expend creditor payments 9.0 9.0  
  1.0 9.0 30.0 39.0  
    1.0