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) 175.8 327.8 347.6 319.9 355.2 351.2 393.1 400.8 428.1 458.7 467.7 477.9 4,503.9  
Proceeds of new stock issues 25.0 300.0 325.0  
Increases in longterm debt/notes 50.0 250.0 250.0 550.0  
Increases in other loans 125.0 125.0  
Proceeds from disposals of fixed assets 50.0 50.0 100.0  
Sales Tax recovered from State    
Miscellaneous income received 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 120.0  
Interest received 0.0 0.1 0.4 0.4 0.4 0.7 0.1 2.1  
Total cash receipts 1.0 185.9 362.8 457.6 329.9 365.2 486.3 703.5 410.8 688.5 719.1 478.4 538.0 5,726.0  
  1.0    
Cash payments 1.0    
Materials/goods accounts payable (Note 2) 118.7 156.0 136.6 110.8 117.0 126.4 131.4 140.4 149.5 154.0 158.3 162.5 1,661.6  
Total direct cost payments (Note 3) 24.4 57.4 72.6 75.4 80.7 89.2 93.4 99.8 104.7 107.5 112.8 118.0 1,035.9  
Total overhead expense payments (Note 4) 67.1 138.0 173.2 174.2 174.8 175.3 176.3 176.8 176.9 177.4 177.6 177.6 1,964.9  
Taxes paid    
Dividends paid    
Lease repayments 10.0 10.0 10.0 14.0 18.0 10.0 14.0 18.0 10.0 4.0 8.0 126.0  
Lease interest expense 5.0 5.0 5.0 10.0 10.0 5.0 10.0 10.0 5.0 5.0 5.0 75.0  
Total capital expend. payments (Note 5) 45.0 400.0 445.0  
Operating lease payments 5.5 5.5 5.5 5.5 5.5 5.5 5.5 5.5 5.5 5.5 5.5 5.5 66.0  
Longterm debt/note repayments 25.0 25.0 25.0 25.0 100.0  
Other loan repayments 25.0 25.0  
Purchases of intangible assets    
Sales Tax paid on o/h expense, capex etc. inputs    
Sales Tax paid to State 20.0 8.6 10.5 10.1 11.8 9.4 13.2 12.0 13.9 15.3 15.4 15.4 155.7  
Opening payroll taxes/benefits paid 25.0 25.0  
Changes in prepaid expenses (10.0) (10.0)  
Changes in accrued expenses 20.0 20.0  
Interest paid 3.9 4.5 5.0 5.7 6.5 6.9 6.1 3.7 5.3 5.6 9.0 9.0 71.3  
Total cash payments 1.0 294.6 405.0 463.5 430.8 424.2 427.8 474.9 466.1 470.8 524.2 891.6 488.0 5,761.3  
  1.0    
Net cashflow 1.0 (108.7) (42.1) (5.9) (100.9) (59.1) 58.5 228.6 (55.2) 217.7 195.0 (413.2) 50.0 (35.3)  
  Opening 1.0 Opening    
Closing net cash balance (deficit) (110.0) 1.0   (110.0)   (218.7) (260.8) (266.7) (367.6) (426.7) (368.1) (139.5) (194.7) 23.0 218.0 (195.3) (145.3)   (145.3)  
Notes on Cashflow Projections 1.0                                    
  1.0    
Note 1 1.0    
  Cash sales & accounts receivable (Net of bad debts): 1.0    
     - Group1 16.0 86.8 101.9 101.1 114.4 102.7 127.0 117.1 131.5 145.9 149.1 146.9 1,340.4  
     - Group2 5.2 31.7 53.2 67.6 75.5 75.7 86.7 96.4 105.7 112.0 113.6 122.2 945.5  
     - Group3 2.5 14.9 25.0 31.7 35.4 35.5 40.7 45.2 49.6 52.6 53.3 57.3 443.7  
     - Group4 1.5 8.0 9.0 9.5 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 107.5  
     - Group5 3.0 15.9 17.9 18.9 19.9 19.9 19.9 19.9 19.9 19.9 19.9 19.9 214.9  
     - Group6 12.7 70.6 90.5 91.0 100.0 107.5 109.0 112.2 111.4 118.4 121.9 121.6 1,166.9  
  Opening accounts receivable 135.0 100.0 50.0 285.0  
  1.0 175.8 327.8 347.6 319.9 355.2 351.2 393.1 400.8 428.1 458.7 467.7 477.9 4,503.9  
Note 2 1.0    
  Materials/goods accounts payable: 1.0    
     - Group1 8.3 27.6 31.7 36.0 36.5 40.9 40.2 44.0 48.1 49.6 50.2 52.6 465.8  
     - Group2 3.8 14.7 21.8 25.8 27.7 31.0 34.3 37.7 40.0 41.4 43.6 43.4 365.2  
     - Group3 1.7 6.7 9.9 11.7 12.6 14.1 15.6 17.1 18.2 18.8 19.8 19.7 165.7  
     - Group4 0.5 1.8 2.3 2.6 2.8 2.8 2.8 2.8 2.8 2.8 2.8 2.8 29.7  
     - Group5 1.0 3.6 4.3 4.8 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 53.7  
     - Group6 8.3 26.5 26.6 29.9 32.4 32.7 33.5 33.8 35.4 36.3 36.9 39.1 371.4  
  Opening accounts payable 95.0 75.0 40.0 210.0  
  1.0 118.7 156.0 136.6 110.8 117.0 126.4 131.4 140.4 149.5 154.0 158.3 162.5 1,661.6  
Note 3 1.0    
  Direct cost payments: 1.0    
    -Wages and salaries (direct) 24.4 26.1 27.7 29.4 31.1 36.0 34.4 39.3 41.0 42.7 44.3 46.0 422.4  
    -Payroll taxes/benefits (direct) 16.3 17.4 18.5 19.6 20.7 24.0 22.9 26.2 27.3 28.4 29.5 30.7 250.9  
    -Utilities (variable) 12.5 12.5 12.5 15.0 15.0 17.5 17.5 17.5 17.5 20.0 157.5  
    -Repairs/maintenance (variable) 15.0 15.0 15.0 17.5 17.5 20.0 20.0 20.0 20.0 22.5 22.5 205.0  
    -Subcontract    
    -Consumables A    
    -Consumables B    
    -Consumables C    
    -Consumables D    
    -Consumables E    
  1.0 24.4 57.4 72.6 75.4 80.7 89.2 93.4 99.8 104.7 107.5 112.8 118.0 1,035.9  
Note 4 1.0    
  Overhead expense payments: 1.0    
    -Repairs/maintenance (fixed) 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 27.5  
    -Power (fixed) 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 27.5  
    -Cleaning    
    -Utilities (fixed)    
    -Miscellaneous indirect expenses 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 55.0  
    -Wages and salaries (expenses) 57.3 57.3 57.3 57.3 57.3 57.3 57.3 57.3 57.3 57.3 57.3 57.3 687.6  
    -Payroll taxes/benefits (expenses) 38.2 38.2 38.2 38.2 38.2 38.2 38.2 38.2 38.2 38.2 38.2 38.2 420.2  
    -Freight 6.5 7.2 6.6 7.9 7.8 8.4 9.1 9.2 9.3 9.7 9.7 9.7 101.1  
    -Selling exs/commissions 3.3 3.3 3.6 3.3 4.0 3.9 4.2 4.6 4.6 4.7 4.9 4.9 49.0  
    -Advertising & brochures 8.0 8.0 8.0 8.0 8.0 8.0 8.0 8.0 8.0 8.0 80.0  
    -Special promotion 1 8.0 8.0 8.0 8.0 8.0 8.0 8.0 8.0 8.0 8.0 80.0  
    -Special promotion 2 8.0 8.0 8.0 8.0 8.0 8.0 8.0 8.0 8.0 8.0 80.0  
    -Travel expenses    
    -Public relations, exhibitions    
    -Miscellaneous selling/freight    
    -Office supplies etc. 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 16.5  
    -Mail, telephone, telex & fax 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 25.0  
    -Travel 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 50.0  
    -Pensions    
    -Computer supplies etc.    
    -Vehicle expenses    
    -Other administration expenses A    
    -Other administration expenses B    
    -Other administration expenses C    
    -Consultancy 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 110.0  
    -Materials    
    -Utilities  0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 5.5  
    -Rent & property taxes 4.0 4.0 4.0 4.0 4.0 4.0 4.0 4.0 4.0 4.0 40.0  
    -Professional fees & audit 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 110.0  
    -Insurances    
    -Other establish expenses A    
    -Other establish expenses B    
    -Other establish expenses C    
    -Other establish expenses D    
  1.0 67.1 138.0 173.2 174.2 174.8 175.3 176.3 176.8 176.9 177.4 177.6 177.6 1,964.9  
Note 5 1.0    
  Capital expenditure payments: 1.0    
    -Land, buildings & improvements 150.0 150.0  
    -Plant & machinery 150.0 150.0  
    -Computers & equipment 50.0 50.0  
    -Automobiles, vehicles etc. 50.0 50.0  
  Opening capex creditor payments 45.0 45.0  
  1.0 45.0 400.0 445.0  
    1.0