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	30.0	30.0	30.0	30.0	120.0
	- Group5	60.0	60.0	60.0	60.0	240.0
	- Group6	285.0	320.0	345.0	380.0	1,330.0
	Total sales	920.2	1,085.3	1,265.2	1,410.0	4,680.7
	% Quarterly changes	NA	17.9	16.6	11.4
	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	150.0	176.6	206.4	236.4	255.9
	Materials/goods	140.0	140.0	140.0	140.0	140.0
	Total inventory	290.0	316.6	346.4	376.4	395.9
	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	27.1	28.0	28.0	28.0	27.8
	Group5	25.3	25.0	25.0	25.0	25.1
	Group6	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		2	2	2	2
	- Group5		2	2	2	2
	- Group6		10	13	16	19
	Total direct labor		42	55	62	70
	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		87	100	107	115
	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		331.7	357.1	434.8	477.2	1,600.8
	Direct labor		124.3	153.5	183.7	216.5	677.9
	Other direct		78.7	98.0	108.0	124.5	409.2
	Total Cost of sales		534.6	608.6	726.5	818.2	2,687.9
	Overhead expenses:
	Operational (indirect)		96.0	96.0	96.0	96.0	384.0
	Selling & freight		140.0	144.8	150.5	153.0	588.1
	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		519.5	524.3	530.0	532.5	2,106.1
	Total direct costs & expenses		1,054.1	1,132.8	1,256.4	1,350.6	4,794.0
	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 & machinery				150.0		150.0
	Computers & equipment					50.0	50.0
	Automobiles, vehicles etc.					50.0	50.0
	Total capital expenditure				300.0	100.0	400.0
	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			195.0			195.0
	Lease repayments		30.0	42.0	42.0	12.0	126.0
	Net changes in leases		(30.0)	153.0	(42.0)	(12.0)	69.0
	Overall changes in loans & leases		(5.0)	253.0	183.0	188.0	619.0
	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		50.0			50.0	100.0
	Purchases of intangible assets
	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	602.9	42.0
	- Group2	1,042.2	378.0	36.3
	- Group3	513.5	181.8	35.4
	- Group4	120.0	38.8	32.3
	- Group5	240.0	129.4	53.9
	- Group6	1,330.0	662.0	49.8
	Total	4,680.7	1,992.8	42.6
	The projected overall gross margin is 43%.
	Based on projected sales of $4681 000, ANY CORP INC
	expects to report a LOSS of $317 000 for the year.
	The following table analyses these projections:
	Year to end Jan 2006		$000	% Sales
	Sales		4,680.7	100
	Cost of sales		2,687.9	57
	Gross Margin		1,992.8	43
	Overhead expenses:
	-Operational (indirect)		384.0	8
	-Selling & freight		588.1	13
	-Management/admin staff		600.0	13
	-Research & development		252.0	5
	-Administration		108.0	2
	-Occupancy/general		174.0	4
	Bad debts		23.4	1
	Depreciation		110.3	2
	Operating lease payments		66.0	1
	Total operating expenses		2,305.8	49
	Income from operations		(313.0)	(7)
	Other income/expenses:
	-Profit (loss) disposal of fixed assets		80.0	2
	-Intangible asset amortization		60.0	1
	-Miscellaneous income		120.0	3
	Total other income (expenses)		140.0	3
	Earnings before interest & taxes		(173.0)	(4)
	Interest expense/income:
	-Interest expense		71.3	2
	-Lease interest expense		75.0	2
	-Interest income		2.1	0
	Net interest expense (income)		144.1	3
	Net income before taxes		(317.1)	(7)
	Based on detailed monthly projections, the net cash OUTFLOW
	for the twelve months will be $35 000. The projected year-end bank
	position will be a $145 000 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		2,313.0	4,680.7	102
	Cost of sales		1,350.0	2,687.9	99
	Gross margin		963.0	1,992.8	107
	Total operating expenses		1,090.0	2,305.8	112
	Income from operations		(127.0)	(313.0)
	Other income, interest expense etc.		(35.0)	(4.1)
	Net income before taxes		(162.0)	(317.1)
	Taxes
	Net income		(162.0)	(317.1)
	Dividends declared
	Transferred to reserves		(162.0)	(317.1)
	This indicates that sales could increase by $2368 000 while
	net income could DECLINE by $155 000 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		1,006.3	1,181.4	1,802.8	1,735.5	5,726.0
	Total cash payments		1,163.0	1,282.8	1,411.7	1,903.7	5,761.3
	Net cashflow		(156.7)	(101.4)	391.1	(168.3)	(35.3)
	Closing cash balance (deficit)		(266.7)	(368.1)	23.0	(145.3)
	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		53.3	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 & machinery		10.0	Annual % rates
	Computers & equipment		25.0	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)		46	Based on full-yr sales
	Inventory (days sales)		31	Based on full-yr sales
	Accounts payable (days costs & exs)		29	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)		45.9	Max Value	42.6
	Net income before taxes (% sales)		8.2	Max Value	-6.8
	Current asset ratio (times)		0.9	Min Value	1.2
	Debt/equity (%)		201	Max Value	152
	Sales/total assets (times)				2.1
	Net income before taxes/total assets (%)				-14.4
	Projected sales as % breakeven				86
	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	2,313	4,681	6,746	8,045	9,252	10,177
	Cost of sales	1,350	2,688	3,874	4,544	5,273	5,597
	Gross margin	963	1,993	2,872	3,501	3,978	4,580
	Total operating expenses	1,090	2,306	2,231	2,508	2,758	3,014
	Income from operations	(127)	(313)	641	993	1,221	1,566
	Other income, interest expense etc.	(35)	(4)	123	119	232	219
	Net income before taxes	(162)	(317)	764	1,112	1,453	1,785
	Taxes			53	89	116	143
	Net income	(162)	(317)	710	1,023	1,336	1,642
	Dividends declared				125	150	140
	Transferred to reserves	(162)	(317)	710	898	1,186	1,502
	For the first three years under review, sales should change by 248%
	and projected net income before taxes for the third year are $1112 000.
	For the fifth year, sales should reach $10177 000 and projected
	net income before taxes could be $1785 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	(439)	519	1,027	1,381	1,811
	Investing activities	(345)	(100)	(155)	(498)	(308)
	Financing activities	749	210	(40)	(125)	(147)
	Increase (decr) cash	(35)	629	832	759	1,357
	The projected cumulative net cash inflow over the five years is
	$3542 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		484	1,316	2,075	3,432
	Other	650	1,051	1,480	1,683	1,961	2,151
	Total Current Assets	660	1,051	1,963	2,999	4,036	5,583
	Fixed & intang assets	745	1,150	1,278	1,628	1,825	1,947
	Total assets	1,405	2,201	3,241	4,627	5,861	7,529
	LIABILITIES
	Current liabilities:
	Short-term loans/credit	120	145
	Other	545	714	1,107	1,605	1,584	1,682
	Total Current Liabilities	665	859	1,107	1,605	1,584	1,682
	Total longterm liabilities	125	719	601	590	658	727
	Total owners' equity	615	623	1,533	2,432	3,618	5,120
	Total liabilities	1,405	2,201	3,241	4,627	5,861	7,529
	The projected change in owners' equity is $4505 000 and the
	expected closing net cash position is $3432 000.
	The overall projected performance of ANY CORP INC for the years
	under review is assessed in the following table:
	Years to end Jan		05-06	06-07	07-08	08-09	09-10
			Proj	Proj	Proj	Proj	Proj
	Gross margin (% sales)		42.6	42.6	43.5	43.0	45.0
	Net income before taxes (% sales)		-6.8	11.3	13.8	15.7	17.5
	Sales as % breakeven		86	129	140	144	152
	Net income before taxes/total assets (%)			23.6	24.0	24.8	23.7
	Sales/total assets (times)		2.1	2.1	1.7	1.6	1.4
	Net debt as percent
	owners' equity (Max=200%)		152	24
	Net assets per share ($)		1.01	2.31	3.66	5.44	7.70
	Earnings per share ($)		-0.57	1.11	1.54	2.01	2.47
	Dividend per share ($)				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