Beruflich Dokumente
Kultur Dokumente
Thinking of ten ventures in the environs of the following cities: Lagos (3), Ibadan (2),
Benin (2), Kaduna, Kano, and Makurdi. Three will be parent-stock farms-one each in
Lagos, Ibadan, and Benin; the others will be commercial egg farms.
8. The financial projection prepared by R. Akobo, our agricultural manager, and checked
by M. Suleman, our financial manager, is attached [see Table 1.] you do to have to send
us cash: we can simply withhold capital as it becomes needed from remittances due on
shipments made to us.
TABLE 1.
FINANCIAL SUMMARY
(Based on detailed estimated amounts in thousands of dollars)
Land
40
25
960
440
Development Expenses
100
60
1,100
525
Working Capital
500
175
Total investment
1600
700
Sales
2,300
850
Direct Expenses
870
685
150
45
1,020
120
510
60
Net Profit
510
60
1000
450
600
250
Total investment
1,600
700
170%
48%
85%
24%
Operating profit
Sales figures, but not expenses, reduce 20% to allow for contingencies.
Actually, most Nigerian taxes will be rebated during first four years.
Figures converted from naira to dollars at rate of IN - $1.50.
Inflation will increase all estimates, but the proportion should remain the same.
Estimates are for full-scale operations. It will take two to three years to reach this level.
Estimates show both cash and net income break even by end of first year and, with tax
rebate, full recovery of equity early in third year.