TEXTUAL SUMMARY REPORT
	Date prepared:	31-Dec-03
	The following three operational & financial reports for ANY CORP INC cover
	the months and years commencing in Feb 2005. They have been derived
	from the detailed assumptions in Exl-Plan's Monthly, Quarterly and Annual
	Reports.
	1.  FIRST-YEAR OPERATIONAL  REPORT - ANY CORP INC
	This First-Year Operational Report covers the twelve months to end Jan 2006
	based on detailed monthly projections and assumptions. The
	following table summarizes quarterly sales projections for this year:
		Quarter Ends in Year to Jan 2006				Annual
	Sales	1 Qtr	2 Qtr	3 Qtr	4 Qtr	Total
		$000	$000	$000	$000	$000
	Product Group:
	Group 1	52.5	57.0	61.5	66.0	237.0
	Group 2	15.8	18.2	21.1	24.5	79.6
	Group 3
	Group 4
	Group 5
	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 Jan 2006
	Inventories	Levels	1st	2nd	3rd	4th
		$000	$000	$000	$000	$000
	Materials/goods	10.0	10.0	10.0	10.0	10.0
	The projected average materials/goods cost percentages for the four quarters are
	as follows:
	Materials/Goods	Quarterly Averages for Year to Jan 2006				Annual
	Costs	1st	2nd	3rd	4th	Averages
		% Sales	% Sales	% Sales	% Sales	% Sales
	Materials/goods costs	41.0	41.0	41.0	41.0	41.0
	The projected headcounts at quarter ends are as follows:
			Quarter Ends in Year to Jan 2006
	Headcount		1st	2nd	3rd	4th
			Nos	Nos	Nos	Nos
	Direct		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 Jan 2006			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
	Selling		2.9	3.0	3.2	3.3	12.3
	Management/admin staff		8.3	8.3	8.3	8.3	33.0
	General		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 is summarized in the next table.
				Quarters in Year to Jan 2006			Annual
	Capital Expenditure		1st	2nd	3rd	4th	Total
			$000	$000	$000	$000	$000
	Capital expenditure				30.0		30.0
	Changes in longterm debt are summarized below.
				Quarters in Year to Jan 2006			Annual
	Longterm Debt		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 Jan 2006			Annual
	Other Transactions		1st	2nd	3rd	4th	Total
			$000	$000	$000	$000	$000
	Proceeds of share issues		5.0				5.0
	Proceeds of fixed asset sales		6.0				6.0
	Dividends declared
	2.  FIRST-YEAR FINANCIAL  REPORT - ANY CORP INC
	This First-Year Financial Report covers the twelve months to end Jan 2006
	based on detailed monthly projections and assumptions.
	Based on projected sales of $317 000, ANY CORP INC
	expects to report a pretax profit of $29 000 for the year.
	The following table analyses these projections:
	Year to end Jan 2006		$000	% Sales
	Sales		316.6	100
	Cost of sales		189.3	60
	Gross Margin		127.3	40
	Overhead expenses:
	-Selling		12.3	4
	-Management/admin staff		33.0	10
	-General		31.2	10
	Depreciation		2.3	1
	Operating lease payments		13.2	4
	Total operating expenses		92.1	29
	Income from operations		35.2	11
	Other income/expenses:
	-Profit (loss) disposal of fixed assets		2.0	1
	-Intangible asset amortization		12.0	4
	-Miscellaneous income		12.0	4
	Total other income (expenses)		2.0	1
	Earnings before interest & taxes		37.2	12
	Interest expense/income:
	-Interest expense		8.1	3
	-Interest income		0.1	0
	Net interest expense (income)		8.0	3
	Net income before taxes		29.2	9
	Based on detailed monthly projections, the net cash OUTFLOW
	for the twelve months will be $21 000. The projected year-end bank
	position will be a $43 000 short-term loan (line of credit) requirement.
	The next table compares the projected results with those for
	the previous year which ended in Jan 2005.
	Years ending:		Jan 2005	Jan 2006	Change
			$000	$000	%
	Sales		165.0	316.6	92
	Cost of sales		125.0	189.3	51
	Gross margin		40.0	127.3	218
	Total operating expenses		78.0	92.1	18
	Income from operations		(38.0)	35.2
	Other income, interest expense etc.		5.4	(6.0)
	Net income before taxes		(32.6)	29.2
	Taxes			2.0
	Net income		(32.6)	27.1
	Dividends declared
	Transferred to reserves		(32.6)	27.1
	This indicates that sales could increase by $152 000 while
	net income could improve by $62 000 over the year.
	The following table summarizes cashflows for the year by quarter.
				Quarters in Year to Jan 2006			Annual
	Cashflows		1st	2nd	3rd	4th	Total
			$000	$000	$000	$000	$000
	Total cash receipts		102.6	77.9	86.6	94.7	361.9
	Total cash payments		105.0	79.0	112.0	87.3	383.3
	Net cashflow		(2.4)	(1.1)	(25.4)	7.4	(21.5)
	Closing cash balance (deficit)		(24.4)	(25.5)	(50.9)	(43.5)
	The following key assumptions regarding rates etc. were used
	in compiling the projections for the year to end Jan 2006.
	Items		Value	Basis
	Headcount:
	Direct workers		1.6	Avg monthly numbers
	All other staff		2.0	Avg monthly numbers
	Depreciation		3.0	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)		45	Based on full-yr sales
	Inventory (days sales)		12	Based on full-yr sales
	Accounts payable (days costs & exs)		22	Based on full-yr costs
	The following key ratios have been derived from the 12-month
	projections for the year ending Jan 2006:
			Max/Min		Full Year
	Ratios		Monthly		or Year End
	Profitability:
	Gross margin (% sales)		41.7	Max Value	40.2
	Net income before taxes (% sales)		15.0	Max Value	9.2
	Current asset ratio (times)		0.7	Min Value	0.9
	Debt/equity (%)		330	Max Value	127
	Sales/total assets (times)				2.3
	Net income before taxes/total assets (%)				21.3
	Projected sales as % breakeven				138
	This table indicates that the following financial indicators
	derived from the detailed projections, may be out-of-line with
	generally-accepted norms:
	* Current asset ratio may be too low
	* Debt/equity ratio may be too high
	3.  THREE-YEAR FINANCIAL REPORT - ANY CORP INC
	This Financial Report covers the three years to the end of Jan 2008. It has
	been based on detailed monthly projections for the first year and
	quarterly projections for the following years.
	The following table summarizes the projected trading performance:
	Years to end Jan	04-05	05-06	06-07	07-08
		Act/Est	Proj	Proj	Proj
		$000	$000	$000	$000
	Sales	165	317	386	538
	Cost of sales	125	189	226	304
	Gross margin	40	127	160	234
	Total operating expenses	78	92	116	165
	Income from operations	(38)	35	45	70
	Other income, interest expense etc.	5	(6)	41	43
	Net income before taxes	(33)	29	85	112
	Taxes		2	6	9
	Net income	(33)	27	79	103
	Dividends declared			10	25
	Transferred to reserves	(33)	27	69	78
	For the three years under review, sales should change by 226%
	and projected net income before taxes for the third year is $112 000.
	The projected cashflows for ANY CORP INC during the years
	under review are summarized below:
	Years to end Jan	05-06	06-07	07-08
		Proj	Proj	Proj
		$000	$000	$000
	Net cashflows from:
	Operations	17	85	97
	Investing activities	(33)	(35)	10
	Financing	(5)		(25)
	Increase (decr) cash	(21)	50	82
	The projected cumulative net cash inflow over the three years is
	$110 000.
	The next table shows the projected balance sheets.
	Years to end Jan	04-05	05-06	06-07	07-08
		Act/Est	Proj	Proj	Proj
		$000	$000	$000	$000
	ASSETS
	Current assets:
	Cash	2		7	88
	Other	60	62	74	104
	Total Current Assets	62	62	81	192
	Fixed & intang assets	64	76	109	94
	Total assets	126	137	190	286
	LIABILITIES
	Current liabilities:
	Short-term loans/credit	24	43
	Other	74	29	41	58
	Total Current Liabilities	98	72	41	58
	Total longterm liabilities	10	15
	Total owners' equity	18	50	149	228
	Total liabilities	126	137	190	286
	The projected change in owners' equity is $210 000 and the
	expected closing net cash position is $88 000.
	The overall projected performance of ANY CORP INC for the years
	under review is assessed in the following table:
	Years to end Jan		05-06	06-07	07-08
			Proj	Proj	Proj
	Gross margin (% sales)		40.2	41.5	43.5
	Net income before taxes (% sales)		9.2	22.1	20.9
	Sales as % breakeven		138	139	142
	Net income before taxes/total assets (%)		21.3	44.9	39.3
	Sales/total assets (times)		2.3	2.0	1.9
	Net debt as percent
	owners' equity (Max=200%)		127
	Net assets per share ($)		0.49	1.21	1.85
	Earnings per share ($)		0.27	0.70	0.84
	Dividend per share ($)			0.08	0.20
	This table indicates that the following financial ratios may be
	out-of-line with generally accepted norms for one or more years:
	* Net debt as % of owners' equity may be too high