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 the 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:
	- Group1	305.0	330.0	370.0	430.0	1,435.0
	- Group2	160.9	231.3	308.3	341.7	1,042.2
	- Group3	79.3	114.0	151.9	168.3	513.5
	- Group4	285.0	320.0	345.0	380.0	1,330.0
	Total sales	830.2	995.3	1,175.2	1,320.0	4,320.7
	% Quarterly changes	NA	19.9	18.1	12.3
	This shows that Group1 will account for 33% of projected sales; that Group2 will account for
	a further 24%; that Group3 will account  for 12%; and that Group4 will account  for 31%.
	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
	Finished goods	125.0	165.6	195.4	225.3	244.8
	Materials/goods	120.0	120.0	120.0	120.0	120.0
	Total inventory	245.0	285.6	315.4	345.3	364.8
	The projected average materials/goods cost percentages for the four quarters are
	as follows:
		Quarterly Averages for Year to Jan 2006				Annual
	Product Groups	1st	2nd	3rd	4th	Averages
		% Sales	% Sales	% Sales	% Sales	% Sales
	Group1	38.3	35.0	39.5	36.4	37.3
	Group2	46.2	40.5	39.5	38.7	40.5
	Group3	42.5	37.3	36.4	35.6	37.3
	Group4	35.2	31.3	30.8	30.7	31.8
	Based on Cost of Materials (Assumption Report No. 2) as % Sales (Report No. 1)
	The projected headcounts at quarter ends are as follows:
			Quarter Ends in Year to Jan 2006
	Functions		1st	2nd	3rd	4th
			Nos	Nos	Nos	Nos
	Direct labor:
	- Group1		12	15	18	21
	- Group2		11	13	14	16
	- Group3		5	10	10	10
	- Group4		10	13	16	19
	Total direct labor		38	51	58	66
	Indirect labor		10	10	10	10
	Supervisory staff		5	5	5	5
	Sales		5	5	5	5
	Clerical		10	10	10	10
	Management		10	10	10	10
	Research & development		5	5	5	5
	Total headcount		83	96	103	111
	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		299.5	333.8	411.5	453.9	1,498.6
	Direct labor		108.3	140.4	170.3	202.9	621.9
	Other direct		76.2	97.7	107.8	124.4	406.1
	Total Cost of sales		484.0	571.9	689.6	781.1	2,526.6
	Overhead expenses:
	Operational (indirect)		88.5	88.5	88.5	88.5	354.0
	Selling & freight		89.3	94.1	99.8	102.3	385.3
	Management/admin staff		150.0	150.0	150.0	150.0	600.0
	Research & development		63.0	63.0	63.0	63.0	252.0
	Administration		27.0	27.0	27.0	27.0	108.0
	Occupancy/general		43.5	43.5	43.5	43.5	174.0
	Total overhead expenses		461.3	466.1	471.8	474.3	1,873.3
	Total direct costs & expenses		945.3	1,037.9	1,161.3	1,255.4	4,399.9
	Proposed capital expenditure (excluding leasing) 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
	Land, buildings & improvements				150.0		150.0
	Plant, equipment & machinery				150.0		150.0
	Automobiles, vehicles etc.					50.0	50.0
	Total capital expenditure				300.0	50.0	350.0
	Changes in longterm debt and leasing are summarized below.
				Quarters in Year to Jan 2006			Annual
	Debt & Leasing		1st	2nd	3rd	4th	Total
			$000	$000	$000	$000	$000
	Increase in longterm debt/notes		50.0		250.0	250.0	550.0
	Longterm debt/note repayments		25.0	25.0	25.0	25.0	100.0
	Net changes in longterm debt/notes		25.0	(25.0)	225.0	225.0	450.0
	Increases in 'other loans'			125.0			125.0
	'Other loan' repayments					25.0	25.0
	Net changes in 'other loans'			125.0		(25.0)	100.0
	Increases in leases			135.0			135.0
	Lease repayments		30.0	40.0	40.0	10.0	120.0
	Net changes in leases		(30.0)	95.0	(40.0)	(10.0)	15.0
	Overall changes in loans & leases		(5.0)	195.0	185.0	190.0	565.0
	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		25.0		300.0		325.0
	Proceeds of fixed asset sales		25.0			50.0	75.0
	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.
	The following table analyses sales and gross margins by
	main product group for the full year:
		Total	Gross	Gross
	Year to end Jan 2006	Sales	Margin	Margin
		$000	$000	% Sales
	Product Group:
	- Group1	1,435.0	593.3	41.3
	- Group2	1,042.2	369.8	35.5
	- Group3	513.5	177.3	34.5
	- Group4	1,330.0	653.7	49.2
	Total	4,320.7	1,794.1	41.5
	This shows that Group1 will account for 33% of projected sales
	(33% of total gross margin); that Group2 will account for a further
	24% of sales (21% of total gross margin); that Group3 will account
	for 12% of sales (10% of total gross margin); that Group4 will account
	for the balance of 31% of sales (36% of total gross margin).
	The projected overall gross margin is 42%.
	Based on projected sales of $4321 000, ANY CORP INC
	expects to report a LOSS of $272 000 for the year.
	The following table analyses these projections:
	Year to end Jan 2006		$000	% Sales
	Sales		4,320.7	100
	Cost of sales		2,526.6	58
	Gross Margin		1,794.1	42
	Overhead expenses:
	-Operational (indirect)		354.0	8
	-Selling & freight		385.3	9
	-Management/admin staff		600.0	14
	-Research & development		252.0	6
	-Administration		108.0	2
	-Occupancy/general		174.0	4
	Bad debts		21.6	1
	Depreciation		87.6	2
	Operating lease payments		66.0	2
	Total operating expenses		2,048.5	47
	Income from operations		(254.4)	(6)
	Other income/expenses:
	-Profit (loss) disposal of fixed assets		60.0	1
	-Intangible asset amortization		60.0	1
	-Miscellaneous income		120.0	3
	Total other income (expenses)		120.0	3
	Earnings before interest & taxes		(134.4)	(3)
	Interest expense/income:
	-Interest expense		72.1	2
	-Lease interest expense		67.5	2
	-Interest income		2.1	0
	Net interest expense (income)		137.5	3
	Net income before taxes		(271.9)	(6)
	Based on detailed monthly projections, the net cash inflow
	for the twelve months will be $14 000. The projected year-end bank
	position will be a $96 000 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		1,900.0	4,320.7	127
	Cost of sales		1,350.0	2,526.6	87
	Gross margin		550.0	1,794.1	226
	Total operating expenses		1,090.0	2,048.5	88
	Income from operations		(540.0)	(254.4)
	Other income, interest expense etc.		(35.0)	(17.5)
	Net income before taxes		(575.0)	(271.9)
	Taxes
	Net income		(575.0)	(271.9)
	Dividends declared
	Transferred to reserves		(575.0)	(271.9)
	This indicates that sales could increase by $2421 000 while
	net income could improve by $303 000 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		926.1	1,093.3	1,713.3	1,645.9	5,378.6
	Total cash payments		1,114.5	1,184.6	1,312.7	1,753.1	5,364.9
	Net cashflow		(188.4)	(91.2)	400.6	(107.3)	13.7
	Closing cash balance (deficit)		(298.4)	(389.7)	11.0	(96.3)
	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		49.3	Avg monthly numbers
	All other staff		45.0	Avg monthly numbers
	Bad debts		0.5	As percent sales
	Depreciation:
	Land, buildings & improvements		3.0	Annual % rates
	Plant, equipment & machinery		10.0	Annual % rates
	Automobiles, vehicles etc.		25.0	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)		47	Based on full-yr sales
	Inventory (days sales)		31	Based on full-yr sales
	Accounts payable (days costs & exs)		28	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)		44.6	Max Value	41.5
	Net income before taxes (% sales)		9.9	Max Value	-6.3
	Current asset ratio (times)		0.8	Min Value	1.3
	Debt/equity (%)		243	Max Value	150
	Sales/total assets (times)				2.1
	Net income before taxes/total assets (%)				-13.4
	Projected sales as % breakeven				88
	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.  FIVE-YEAR FINANCIAL REPORT - ANY CORP INC
	This Financial Report covers the five years to the end of Jan 2010. It has
	been based on detailed monthly projections for the first year and
	quarterly/full-year 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	08-09	09-10
		Act/Est	Proj	Proj	Proj	Proj	Proj
		$000	$000	$000	$000	$000	$000
	Sales	1,900	4,321	5,242	6,295	7,239	7,963
	Cost of sales	1,350	2,527	3,014	3,577	4,126	4,380
	Gross margin	550	1,794	2,228	2,718	3,113	3,583
	Total operating expenses	1,090	2,049	2,216	2,493	2,743	2,999
	Income from operations	(540)	(254)	12	225	370	585
	Other income, interest expense etc.	(35)	(18)	121	88	175	129
	Net income before taxes	(575)	(272)	133	313	545	714
	Taxes			9	25	44	57
	Net income	(575)	(272)	124	288	501	657
	Dividends declared				125	150	140
	Transferred to reserves	(575)	(272)	124	163	351	517
	For the first three years under review, sales should change by 231%
	and projected net income before taxes for the third year are $313 000.
	For the fifth year, sales should reach $7963 000 and projected
	net income before taxes could be $714 000.
	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	08-09	09-10
		Proj	Proj	Proj	Proj	Proj
		$000	$000	$000	$000	$000
	Net cashflows from:
	Operations	(421)	90	269	565	831
	Investing activities	(320)	(100)	(155)	(375)	(325)
	Financing activities	755	210	(40)	(75)	(150)
	Increase (decr) cash	14	200	74	115	356
	The projected cumulative net cash inflow over the five years is
	$760 000.
	The next table shows the projected balance sheets.
	Years to end Jan	04-05	05-06	06-07	07-08	08-09	09-10
		Act/Est	Proj	Proj	Proj	Proj	Proj
		$000	$000	$000	$000	$000	$000
	ASSETS
	Current assets:
	Cash	10		104	178	293	650
	Other	605	984	1,150	1,341	1,548	1,696
	Total Current Assets	615	984	1,254	1,519	1,841	2,346
	Fixed & intang assets	720	1,042	1,185	1,551	1,763	1,899
	Total assets	1,335	2,027	2,440	3,070	3,604	4,245
	LIABILITIES
	Current liabilities:
	Short-term loans/credit	120	96
	Other	545	651	954	1,433	1,547	1,603
	Total Current Liabilities	665	748	954	1,433	1,547	1,603
	Total longterm liabilities	125	681	564	552	621	689
	Total owners' equity	545	598	922	1,085	1,436	1,953
	Total liabilities	1,335	2,027	2,440	3,070	3,604	4,245
	The projected change in owners' equity is $1408 000 and the
	expected closing net cash position is $650 000.
	The overall projected performance of ANY CORP INC for the years
	under review is assessed in the following table:
	Years to end Jan		05-06	06-07	07-08	08-09	09-10
			Proj	Proj	Proj	Proj	Proj
	Gross margin (% sales)		41.5	42.5	43.2	43.0	45.0
	Net income before taxes (% sales)		-6.3	2.5	5.0	7.5	9.0
	Sales as % breakeven		88	101	109	113	120
	Net income before taxes/total assets (%)			5.5	10.2	15.1	16.8
	Sales/total assets (times)		2.1	2.1	2.1	2.0	1.9
	Net debt as percent
	owners' equity (Max=200%)		150	81	67	46	18
	Net assets per share ($)		0.97	1.39	1.63	2.16	2.94
	Earnings per share ($)		-0.49	0.19	0.43	0.75	0.99
	Dividend per share ($)				0.19	0.23	0.21
	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
	* Net income before taxes as % total assets may be low