| Years ending Jan |
|
06-07 |
07-08 |
08-09 |
09-10 |
|
|
| ASSUMPTIONS
FOR 4TH & 5TH YEARS |
|
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| |
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| |
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| Sales & Costs |
|
|
|
|
|
| Change in sales over previous
year (%)[1] |
->> |
44.1 |
19.3 |
15.0 |
10.0 |
|
|
| Gross margin (%) |
->> |
42.6 |
43.5 |
43.0 |
45.0 |
|
|
| Overhead
expenses ($000) |
->> |
1,962 |
2,188 |
2,400 |
2,600 |
|
|
| Annual
sales per employee ($000) |
->> |
47
|
51
|
55 |
60 |
|
|
| |
|
|
|
|
|
| Various Items |
|
|
|
|
|
| Operating
lease payments ($000) |
->> |
72 |
72 |
80 |
90 |
|
|
| Miscellaneous
income ($000) |
->> |
120 |
120 |
200 |
230 |
|
|
| Bad
debts ($000) |
->> |
42 |
58 |
40 |
45 |
|
|
| Intangible
asset amortization ($000) |
->> |
2 |
|
|
|
|
| Dividends
declared ($000) |
->> |
|
125 |
150 |
140 |
|
|
| Effective
federal/state tax rate (%) |
->> |
7.0 |
8.0 |
8.0 |
8.0 |
|
|
| |
|
|
|
|
|
| Fixed Assets |
|
|
|
|
|
| Capital
expend - excl leases ($000) |
->> |
250 |
525 |
350 |
300 |
|
|
| Disposals
of fixed assets ($000): |
|
|
|
|
|
| -Proceeds |
->> |
150 |
70 |
100 |
|
|
|
| -Cost |
->> |
50 |
20 |
35 |
|
|
|
| -Accumulated depreciation |
->> |
25 |
35 |
20 |
|
|
|
| |
|
|
|
|
|
| Stocks & Shares |
|
|
|
|
|
| Proceeds
of new stock issues ($000) |
->> |
200 |
|
|
|
|
| Number
of new shares issued (000s) |
->> |
50 |
|
|
|
|
| |
|
|
|
|
|
| Debt & Leases |
|
|
|
|
|
| Change
in longterm debt/notes ($000) |
->> |
(100) |
100 |
|
|
|
|
| Change
in 'other loans' ($000) |
->> |
150 |
(50) |
50 |
50 |
|
|
| Int
payable on 'other loans' ($000) |
->> |
3 |
4 |
10 |
10 |
|
|
| New
lease obligations ($000) |
->> |
60 |
|
100 |
100 |
|
|
| Lease
interest ($000) |
->> |
40 |
40 |
30 |
30 |
|
|
| Lease
repayments ($000) |
->> |
40 |
40 |
50 |
50 |
|
|
| |
|
|
|
|
|
| Working Capital |
|
|
|
|
|
| Accounts receivable (days
sales) |
->> |
46 |
44 |
45 |
45 |
|
|
| Inventory (days sales) |
->> |
31 |
29 |
30 |
30 |
|
|
| Accounts payable (days costs
& expenses) |
->> |
30 |
29 |
32 |
32 |
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