| Years ending Dec |
|
2008 |
2009 |
2010 |
2011 |
|
|
| 6-7th YEARS ASSUMPTIONS |
|
|
|
| |
|
|
|
|
|
| Sales & Costs |
|
|
|
|
|
| Change in sales over previous
year (%)[1] |
->> |
53.6 |
32.2 |
20.0 |
15.0 |
|
|
| Gross margin (%) |
->> |
52.4 |
52.0 |
51.0 |
51.0 |
|
|
| Overhead
expenses ($000) |
->> |
11,272
|
14,729
|
17,500 |
19,000 |
|
|
| Annual
sales per employee ($000) |
->> |
74
|
86
|
95 |
101 |
|
|
| |
|
|
|
|
|
|
| Various Items |
|
|
|
|
|
| Operating
lease payments ($000) |
->> |
140 |
180 |
190 |
190 |
|
|
| Miscellaneous
income ($000) |
->> |
120 |
120 |
120 |
120 |
|
|
| Bad
debts ($000) |
->> |
162 |
238 |
300 |
350 |
|
|
| Intangible
asset amortization ($000) |
->> |
|
|
|
|
|
| Dividends
declared ($000) |
->> |
1,000 |
1,250 |
1,500 |
2,000 |
|
|
| Effective
federal/state tax rate (%) |
->> |
15.0 |
20.0 |
20.0 |
20.0 |
|
|
| |
|
|
|
|
|
| Fixed Assets |
|
|
|
|
|
| Capital
expend - excl leases ($000) |
->> |
3,100 |
2,700 |
2,500 |
3,000 |
|
|
| Disposals
of fixed assets ($000): |
|
|
|
|
|
| -Proceeds |
->> |
150 |
|
|
|
|
| -Cost |
->> |
60 |
|
|
|
|
| -Accumulated depreciation |
->> |
60 |
|
|
|
|
| |
|
|
|
|
|
|
| Stock & Shares |
|
|
|
|
|
| Proceeds
of new stock issues ($000) |
->> |
|
|
|
|
|
| Number
of new shares issued (000s) |
->> |
|
|
|
|
|
| |
|
|
|
|
|
|
| Debt & Leases |
|
|
|
|
|
| Change
in longterm debt/notes ($000) |
->> |
(50) |
(50) |
(50) |
(50) |
|
|
| Change
in 'other loans' ($000) |
->> |
(20) |
(20) |
(20) |
(20) |
|
|
| Int
payable on 'other loans' ($000) |
->> |
|
|
|
|
|
| New
lease obligations ($000) |
->> |
250 |
300 |
350 |
350 |
|
|
| Lease
interest ($000) |
->> |
200 |
200 |
200 |
200 |
|
|
| Lease
repayments ($000) |
->> |
220 |
220 |
220 |
220 |
|
|
| |
|
|
|
|
|
| Working Capital |
|
|
|
|
|
| Accounts receivable (days
sales) |
->> |
49 |
48 |
48 |
48 |
|
|
| Inventory (days sales) |
->> |
32 |
32 |
32 |
32 |
|
|
| Accounts payable (days costs
& exs) |
->> |
30 |
30 |
30 |
30 |
|
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| |
|
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