Pangolin Books & Publishers

Notes to the Projected Income Statement

Particulars Y1 Y2 Y3 Y4 Y5

Note 1: Estimate Quantities of Finished Products

Estimated Production Capacity in A4-sized units/ shift/ day
Processed Litho Positives (@ 4000 units/22 days) 182 182 182 182 182
Colour Proof Printouts (@3000 units/22 days) 136 136 136 136 136
Picture Scans (@ 5000 units/22 days) 227 227 227 227 227

Estimated Annual Production Capacity in A4-sized units

Processed Litho Positives (@ 4000 units/22 days) 48,000 48,000 48,000 48,000 48,000
Colour Proof Printouts (@3000 units/22 days) 36,000 36,000 36,000 36,000 36,000
Picture Scans (@ 5000 units/22 days) 60,000 60,000 60,000 60,000 60,000

Estimated Production and Sales in A4-sized units/shift/day

Processed Litho Positives (@ 1000 units/22 days) (120% in Y2 a 45 50 55 55 55
Colour Proof Printouts (@500 units/22 days) (120% in Y2 and 14 23 25 27 27 27
Picture Scans (@ 500 units/22 days) (120% in T2 and 140% in Y3 23 25 27 27 27

Estimated Annual Production and Sales in A4-sized units

Processed Litho Positives (@ 1000 units/22 days) (120% in Y2 a 9,000 13,200 14,400 14,400 14,400
Colour Proof Printouts (@500 units/22 days) (120% in Y2 and 14 4,500 6,600 7,200 7,200 7,200
Picture Scans (@ 500 units/22 days) (120% in T2 and 140% in Y3 4,500 6,600 7,200 7,200 7,200

Note 2: Estimation of the Quanitity of Raw Materials, and Computation of

Raw Materials' Cost per Unit A4SU of RMs/ A4SU of FPs/ RMUC/
(A4SU stands for A4-sized unit; and, RMUC stands for Raw MatA4SU of FP Unit of RMs Unit of RMs Unit Cost Unit of FP

Particulars
Unprocessed Litho Films (UPLF) 1 11.76 11.76
Developing Chemicals (DVCH) 45 Lts 500 500.25 1.00
Total RM Cost per unit of Processed Litho Positive (PLP) 12.76
Contract Proofing Paper (CNPP) 1 3.03 3.03
1 Pack of 6 Colour Ink Cartridges (1P6CIC) 1 Pack of 6#s 340 4,025.02 11.84
Total RM Cost per unit of Colour Proof Printout (CPP) 14.87

Note 3: Computation of Raw Material Cost

Particulars Y1 Y2 Y3 Y4 Y5
Unprocessed Litho Films (UPLF)
Cost per A4SU/Unit of PLP, Escalated by 12% p.a. 12 13.17 14.75 16.52 18.50
Opening Stock @ 3 months' consumption 26,457 26,457 40,060 50,493 57,677
Purchase @ 1 A4SU of UPLF / A4SU of PLP Prodn 105,829 173,842 212,404 237,892 266,439
Closing Stock @ 3 months' Consumption -26,457 -40,060 -50,493 -57,677 -64,823
Consumption 105,829 160,240 201,971 230,708 259,293

Developing Chemicals (DVCH)

Cost per Lt. / Unit of PLF Prodn, Escalated by 12% p.a. 1 1.12 1.26 1.41 1.57
Opening Stock @ 3 months' consumption 3,002 2,401 3,439 4,302 4,909
Purchase @ 45 Lt. of DVCH / 500 A4SU of PLP Prodn 9,005 14,791 18,072 20,241 22,670
Closing Stock @ 3 months' Consumption -2,401 -3,439 -4,302 -4,909 -5,516
Consumption 9,605 13,754 17,209 19,635 22,063

Contract Proofing Paper (CNPP)

Cost per A4SU/Unit of CPP, Escalated by 12% p.a. 3 3.40 3.81 4.26 4.77
Opening Stock @ 3 months' consumption 4,551 3,640 5,213 6,522 7,442
Purchase @ 1 A4SU / A4SU of CPP Prodn 13,652 22,425 27,399 30,687 34,370
Closing Stock @ 3 months' consumption -3,640 -5,213 -6,522 -7,442 -8,362
Consumption 14,562 20,852 26,090 29,768 33,449

1 Pack of 6 Colour Ink Cartridges (1P6CIC)

Cost of Ink Consumed / A4SU of CPP, Escalated by 12% p.a. 12 13.26 14.85 16.63 18.63
Opening Stock @ 3 months' consumption 17,757 14,206 20,343 25,452 29,040
Purchase @ 1P6CIC / 340 A4SU of CPP Prodn 53,272 87,509 106,920 119,750 134,120
Closing Stock @ 1 month's consumption -14,206 -20,343 -25,452 -29,040 -32,632
Consumption 56,824 81,372 101,810 116,162 130,528

Summary for Raw Materials

Opening Stock of RMs 51,767 46,705 69,054 86,770 99,068
Purchases of RMs 181,758 298,567 364,795 408,570 457,599
Closing Stock of RMs -46,705 -69,054 -86,770 -99,068 -111,333
Consumption 186,820 276,218 347,079 396,272 445,333
186,820 276,218 347,079 396,272 445,333

Note 4: Estimated Sales Quantities and Values, and Bad Debts

Processed Litho Positives (PLPs)
Estimated Cash Sale Qty @ 10% of the total Sale Qty. 900 1,320 1,440 1,440 1,440
Estimated Cheque Sale Qty @ 50% of the total Sale Qty. 3,600 5,280 5,760 5,760 5,760
Estimated Credit Sale Qty @ 50% of total Sale Qty. 4,500 6,600 7,200 7,200 7,200
9,000 13,200 14,400 14,400 14,400

Estimated Sale Price / A4SU of PLP escalated by 5% p.a. 110 116 121 127 134
Estimated Cash Sale Value 99,000 152,460 174,636 183,368 192,536
Estimated Cheque Sale Value 396,000 609,840 698,544 733,471 770,145
Estimated Credit Sale Value 495,000 762,300 873,180 916,839 962,681
Total Sales Value 990,000 1,524,600 1,746,360 1,833,678 1,925,362

Contract Proofing Paper (CNPP)

Estimated Cash Sale Qty @ 10% of the total Sale Qty. 450 660 720 720 720
Estimated Cheque Sale Qty @ 50% of the total Sale Qty. 1,800 2,640 2,880 2,880 2,880
Estimated Credit Sale Qty @ 50% of total Sale Qty. 2,250 3,300 3,600 3,600 3,600
4,500 6,600 7,200 7,200 7,200

Estimated Sale Price / A4SU of CNPP escalated by 5% p.a. 80 84 88 93 97

Estimated Cash Sale Value 36,000 55,440 63,504 66,679 70,013
Estimated Cheque Sale Value 144,000 221,760 254,016 266,717 280,053
Estimated Credit Sale Value 180,000 277,200 317,520 333,396 350,066
Total Sales Value 360,000 554,400 635,040 666,792 700,132

Picture Scans (PCS)

Estimated Cash Sale Qty @ 10% of the total Sale Qty. 450 660 720 720 720
Estimated Cheque Sale Qty @ 40% of the total Sale Qty. 1,800 2,640 2,880 2,880 2,880
Estimated Credit Sale Qty @ 50% of total Sale Qty. 2,250 3,300 3,600 3,600 3,600
4,500 6,600 7,200 7,200 7,200

Estimated Scan Charge / Scan, Escalated by 5% p.a. 20 21 22 23 24

Estimated Cash Sale Value 9,000 13,860 15,876 16,670 17,503
Estimated Cheque Sale Value 36,000 55,440 63,504 66,679 70,013
Estimated Credit Sale Value 45,000 69,300 79,380 83,349 87,516
Total Sales Value 90,000 138,600 158,760 166,698 175,033

Estimated Total Cash Sale 144,000 221,760 254,016 266,717 280,053

Estimated Total Cheque Sale 576,000 887,040 1,016,064 1,066,867 1,120,211
Estimated Total Credit Sale 720,000 1,108,800 1,270,080 1,333,584 1,400,263
Estimated Total Sales 1,440,000 2,217,600 2,540,160 2,667,168 2,800,526

Estimated Bad Debts @ 6% of Cheque Sale Value 34,560 53,222 60,964 64,012 67,213
Estimated Bad Debts @ 3% of Credit Sale Value 21,600 33,264 38,102 40,008 42,008
Estimated Total Bad Debts 56,160 86,486 99,066 104,020 109,221

Actual Bad Debts of Cheque Sale upto 9th month of each financial 23,040 39,917 45,723 48,009 50,409
Actual Bad Debts of Credit Sale upto the 9th month of each financi 14,400 24,948 28,577 30,006 31,506
Total Actual Bad Debts 37,440 64,865 74,300 78,015 81,915

Provn for Doubtful Debts of Cheque Sale from the last 3 mons of e -11,520 -13,306 -15,241 -16,003 -16,803
Provn for Doubtful Debts of Credit Sale from the last 3 each finan -7,200 -8,316 -9,526 -10,002 -10,502
Total Provision for Doubtful Debts of each Calender year -18,720 -21,622 -24,767 -26,005 -27,305
Estimated Total Bad Debts 56,160 86,486 99,066 104,020 109,221

Note 5: Detailed Estimation of Quantum of Staff

No of Unskilled Citizen Jobs Y1 Y2 Y3 Y4 Y5

Full time Indirect
Driving Vehicles 1 2 2 2 2
Security 1 1 1 1 1
Telephone Operator/Receptionist 1 1 1 1 1
Cleaner-cum-Office-Helper 1 1 1 1 1
Total 4 5 5 5 5

No of Skilled Citizen Jobs

Full time Direct
Technical Assistant 1 2 1 1 1
Technical Operator 0 0 1 2 2
1 2 2 3 3
Full time Indirect
Personal Secretary to MD 0 1 1 1 1
Administrative Assistant 0 1 1 1 1
Accounts Clerk 1 1 1 1 1
Total 1 3 3 3 3

Grand Total 2 5 5 6 6

No. of Unskilled & Skilled Citizen Jobs 6 10 10 11 11

Cumulative # of Unskilled and Skilled jobs for the first 5 calander 6 16 26 37 48

1/5th the cumulative # of unskilled & Skilled Citizen jobs at the 5th Calendar Year 10

Note 6: Detailed Estimation of the Quantum of Managerial Staff

# of Skilled Citizen Managerial Jobs
Managing Director 1 1 1 1 1
Marketing and Public Relations Manager 1 1 1 1 1
2 2 2 2 2
# of Skilled Non-Citizen Managerial Jobs
Technical Manager 1 1 1 1 1
Technical Operator 1 1 1 0 0
2 2 2 1 1

Grand Total 4 4 4 3 3

Note 7: Estimation of Unskilled Citizen Salaries

Drivers' Salaries
Driver 1 Salary @ P800 p.m. escalated by 10% p.a. 800 880 968 1,065 1,171
Driver 2 Salary @ P800 p.m. escalated by 10% p.a. 0 800 880 968 1,065
Driver 1 Salary 7,200 10,560 11,616 12,778 14,055
Driver 2 Salary 0 9,600 10,560 11,616 12,778
Annual Drivers' Salaries 7,200 20,160 22,176 24,394 26,833
Security Salary @ P900 p.m. escalated by 10% p.a. 900 990 1,089 1,198 1,318
Annual Security Salary 8,100 11,880 13,068 14,375 15,812
Telephone Operator/Receptionist Salary @ P1200 p.m. escalated 1,200 1,320 1,452 1,597 1,757
Annual Tel Op/Receptionist Salary 10,800 15,840 17,424 19,166 21,083
Cleaner-cum-Office-Helper Salary @ P 600 p.m. escalated by 10% 600 660 726 799 878
Annual Cleaner-cum-Office-Helper's Salary 5,400 7,920 8,712 9,583 10,542
Total Full-time Indirect Unskilled Citizen Wages 31,500 55,800 61,380 67,518 74,270

Note 8: Estimation of Skilled Citizen Salaries

Full time Direct
Tech Asst 1 Salary @ P2000 p.m. escalated by 10% p.a. 2,000 2,200 0 0 0
Tech Asst 2 Salary @ P2000 p.m. escalated by 10% p.a. 0 2,000 2,200 0 0
Tech Asst 3 Salary @ P2000 p.m. escalated by 10% p.a. 0 0 0 2,000 2,200
Tech Asst 1 Salary 18,000 26,400 0 0 0
Tech Asst 2 Salary 0 24,000 26,400 0 0
Tech Asst 3 Salary 0 0 0 24,000 26,400
Annual Tech Assts' Salaries 18,000 50,400 26,400 24,000 26,400
Tech Asst 1 WHT Payable 0 -70 0 0 0
Tech Asst 2 WHT Payable 0 0 -70 0 0
Tech Asst 3 WHT Payable 0 0 0 0 -70
Annual Tech Assts' WHT Payable 0 -70 -70 0 -70
Annual Tech Assts' WHT Paid 0 64 70 6 64
Tech Op 1 Salary @ P3000 p.m. escalated by 10% p.a. 0 0 3,000 3,300 3,630
Tech Op 2 Salary @ P3000 p.m. escalated by 10% p.a. 0 0 0 3,000 3,300
Tech Op 1 Salary 0 0 36,000 39,600 43,560
Tech Op 2 Salary 0 0 0 36,000 39,600
Annual Tech Operators' Salaries 0 0 36,000 75,600 83,160
Tech Op 1 WHT Payable 0 0 -550 -730 -928
Tech Op 2 WHT Payable 0 0 0 -550 -730
Annual Tech Ops' WHT Payable 0 0 -550 -1,280 -1,658
Annual Tech Ops' WHT Paid 0 0 504 1,219 1,626
Total Full-time Direct Skilled Citizen Salaries 18,000 50,400 62,400 99,600 109,560

Full time Indirect

Pers Sec to MD Salary @ P 1500 p.m. escalated by 10% p.a. 0 1,500 1,650 1,815 1,997
Annual Pers Sec to MD Salary 0 18,000 19,800 21,780 23,958
Admin Asst Salary @ P 1500 p.m. escalated by 10% p.a. 0 1,500 1,650 1,815 1,997
Annual Admin Asst Salary 0 18,000 19,800 21,780 23,958
Accounts Clerk Salary @ P 1500 p.m. escalated by 10% p.a. 1,500 1,650 1,815 1,997 2,196
Annual Accts Clerk Salary 13,500 19,800 21,780 23,958 26,354
Annual Accts Clerk WHT Payable 0 0 0 0 -68
Annual Accts Clerk WHT Paid 0 0 0 0 62
Total Full-time Indirect Skilled Citizen Salaries 13,500 55,800 61,380 67,518 74,270

Grand Total of Skilled Citizen Salaries 31,500 106,200 123,780 167,118 183,830
Grand Total of WHT Payable on Skilled Citizen Salaries 0 -70 -620 -1,280 -1,795
Grand Total of WHT Paid on Skilled Citizen Salaries 0 64 574 1,225 1,752

Note 9 : Estimation of Skilled Citizen Remuneration

Managing Director
Remuneration 4000 p.m.escalated by 20% each year 4,000 4,800 5,760 6,912 8,294
House Rent, escalated by 10% p.a. each year 2,500 2,750 3,025 3,328 3,660
School Fees 0 0 0 0 0
Total 58,500 90,600 105,420 122,874 143,456
Withholding Tax (WHT) payable -5,138 -7,495 -11,030 -15,095 -20,237
Withholding Tax (WHT) Paid 4,709 7,299 10,735 14,756 19,809

Marketing and Public Relations Manager

Remuneration 3500 p.m.escalated by 20% each year 3,500 4,200 5,040 6,048 7,258
House Rent, escalated by 10% p.a. each year 1,500 1,650 1,815 1,997 2,196
School Fees 0 0 0 0 0
Total 45,000 70,200 82,260 96,534 113,445
Withholding Tax (WHT) payable -2,562 -3,968 -5,827 -8,683 -12,737
Withholding Tax (WHT) Paid 2,349 3,850 5,672 8,445 12,399

Grand Total of Skilled Citizen Remuneration 103,500 160,800 187,680 219,408 256,901
Grand Total of WHT Payable on Skilled Citizen Remn -7,700 -11,463 -16,857 -23,778 -32,974
Grand Total of WHT Paid on Skilled Citizen Remn 7,058 11,149 16,407 23,201 32,208

Note 10 : Estimation of Skilled Non-citizen Remuneration

Technical Manager
Remuneration 4000 p.m.escalated by 20% p.a. 4,000 4,800 5,760 6,912 8,294
House Rent, escalated by 10% p.a. each year 0 0 0 0 0
School Fees, escalated by 5% p.a. 1,500 1,575 1,654 1,736 1,823
Total 49,500 76,500 88,965 103,781 121,412
Withholding Tax (WHT) payable -4,588 -6,163 -8,418 -11,570 -15,978
Withholding Tax (WHT) Paid 4,205 6,031 8,230 11,308 15,611
Technical Operator
Remuneration 3000 p.m.escalated by 10% p.a. 3,000 3,300 3,630
House Rent, escalated by 10% p.a. each year 1,500 1,650 1,815
School Fees, escalated by 5% p.a. 0 0 0
Total 40,500 59,400 65,340
Withholding Tax (WHT) payable -3,213 -3,753 -4,489
Withholding Tax (WHT) Paid 2,945 3,708 4,427

Grand Total of Skilled Non-Citizen Remuneration 73,500 135,900 154,305 103,781 121,412
Grand Total of WHT Payable on Skilled Non-Citizen Remn -7,800 -9,915 -12,907 -11,570 -15,978
Grand Total of WHT Paid on Non-Skilled Citizen Remn 7,150 9,739 12,657 11,308 15,611

No 11: Accumulation of Salaries & Remuneration by Different Criteria

Salaries & Wages Classified by Skill Level
Unskilled Citizen Wages 31,500 55,800 61,380 67,518 74,270
Skilled Citizen Salaries 31,500 106,200 123,780 167,118 183,830
Skilled Citizen Remuneration 103,500 160,800 187,680 219,408 256,901
Skilled Non-Citizen Remuneration 73,500 135,900 154,305 103,781 121,412
Total 240,000 458,700 527,145 557,825 636,412

Remuneration Classified by Function

Technical Staff Remuneration 73,500 135,900 154,305 103,781 121,412
MD's Remuneration 58,500 90,600 105,420 122,874 143,456
Marketing & Public Relations Manager's Remn 45,000 70,200 82,260 96,534 113,445
Total 177,000 296,700 341,985 323,189 378,313

Salaries & Wages Classified by Function

Salaries 63,000 162,000 185,160 234,636 258,100
Remuneration 177,000 296,700 341,985 323,189 378,313
Total 240,000 458,700 527,145 557,825 636,412
Note 12: Fixed Assets & Depreciation
Y1 Y2 Y3 Y4 Y5
Mainframe Equipment
Cost / Net Book Value B/f 1,519,984 1,291,987 1,063,989 835,991 607,994
Current Year Annual Depreciation @15% p.a. 227,998 227,998 227,998 227,998 227,998
Cumulative Annual Depreciation 227,998 455,995 683,993 911,991 1,139,988
Cost 1,519,984 1,519,984 1,519,984 1,519,984 1,519,984
Yr Beg Available Depreciable Amount (Cost-Cum Annl Depn at Yr 1,519,984 1,291,987 1,063,989 835,991 607,994
Capitial Allowance (Lower of Curr Yr Annl Depn @ 15% p.a. o 227,998 227,998 227,998 227,998 227,998
Yr Beg +ve Available Depreciable Amt, OR Zero, if Yr Beg Available
Depreciable Amount is -ve)
Net Book Value (Yr Beg Avail Depreciable Amt - Capital Allow 1,291,987 1,063,989 835,991 607,994 379,996
Zero, if Yr Beg Avail Depreciable Amt is -ve)

Office Equipment
Cost / Net Book Value B/f 98,731 88,858 78,985 69,112 59,239
Current Year Annual Depreciation @10% p.a. 9,873 9,873 9,873 9,873 9,873
Cumulative Annual Depreciation 9,873 19,746 29,619 39,492 49,366
Cost 98,731 98,731 98,731 98,731 98,731
Yr Beg Available Depreciable Amount (Cost-Cum Annl Depn at Yr 98,731 88,858 78,985 69,112 59,239
Capitial Allowance (Lower of Curr Yr Annl Depn @ 10% p.a. o 9,873 9,873 9,873 9,873 9,873
Yr Beg +ve Available Depreciable Amt, OR Zero, if Yr Beg Available
Depreciable Amount is -ve)
Net Book Value (Yr Beg Avail Depreciable Amt - Capital Allow 88,858 78,985 69,112 59,239 49,366
Zero, if Yr Beg Avail Depreciable Amt is -ve)

Furniture & Fittings

Cost / Net Book Value B/f 37,319 33,587 29,855 26,123 22,391
Current Year Annual Depreciation @10% p.a. 3,732 3,732 3,732 3,732 3,732
Cumulative Annual Depreciation 3,732 7,464 11,196 14,927 18,659
Cost 37,319 37,319 37,319 37,319 37,319
Yr Beg Available Depreciable Amount (Cost-Cum Annl Depn at Yr 37,319 33,587 29,855 26,123 22,391
Capitial Allowance (Lower of Curr Yr Annl Depn @ 10% p.a. o 3,732 3,732 3,732 3,732 3,732
Yr Beg +ve Available Depreciable Amt, OR Zero, if Yr Beg Available
Depreciable Amount is -ve)
Net Book Value (Yr Beg Avail Depreciable Amt - Capital Allow 33,587 29,855 26,123 22,391 18,659
Zero, if Yr Beg Avail Depreciable Amt is -ve)

Motor Vehicles
Cost / Net Book Value B/f 99,705 74,778 49,853 24,927
Current Year Annual Depreciation @25% p.a. 24,926 24,926 24,926 24,926
Cumulative Annual Depreciation 24,926 49,852 74,778 99,705
Cost 99,705 99,705 99,705 99,705
Yr Beg Available Depreciable Amount (Cost-Cum Annl Depn at Yr 99,705 74,779 49,853 24,927
Capitial Allowance (Lower of Curr Yr Annl Depn @ 25% p.a. o 24,926 24,926 24,926 24,926
Yr Beg +ve Available Depreciable Amt, OR Zero, if Yr Beg Available
Depreciable Amount is -ve)
Net Book Value (Yr Beg Avail Depreciable Amt - Capital Allow 74,778 49,853 24,927 0
Zero, if Yr Beg Avail Depreciable Amt is -ve)

Grand Total of Capital Allowance in respect of all Fixed Asset 266,529 266,529 266,529 266,529 241,603
Grant total of Net Book Value of all Fixed Assets 1,489,210 1,222,681 956,153 689,624 448,021

Note 13: Utilities

Power @ P500 p.m. 6,000 6,300 6,615 6,946 7,293
Water @ P300 p.m. 3,600 3,780 3,969 4,167 4,376
Direct Utilities 9,600 10,080 10,584 11,113 11,669
Postage, Telephone, Fax, & Internet 15,000 18,900 19,845 20,837 21,879
Total Utilities 24,600 28,980 30,429 31,950 33,548

Note 14: Equipment Repairs & Maintenance

Repair & Maint. - Equipment - Service Contract Chgs 0 70,000 70,000 70,000 70,000
Total Plant and Machinery Repairs & Maintenance 0 70,000 70,000 70,000 70,000
Note 15: Vehicle Operating Expenses
Repair & Maintenance - Vehicles 6,000 6,300 6,615 6,946 7,293
Petrol @ P1,500 p.m. 18,000 18,900 19,845 20,837 21,879
Total Vehicle Operating Expenses 24,000 25,200 26,460 27,783 29,172

Note 16: Printing & Stationery

Printing of Money-Value Forms, Visiting Cards, Letterheads, etc. 11,000 12,600 13,230 13,892 14,586
Stationery 5,000 6,300 6,615 6,946 7,293
Total Printing & Stationery Exps 16,000 18,900 19,845 20,837 21,879

Note 17: Travel & Conveyance

Fuel & Oil for Travel within Botswana 15,000 18,900 19,845 20,837 21,879
Fuel & Oil for Travel outside Botswana 0 5,250 5,513 5,788 6,078
Total Travel & Conveyance Exps 15,000 24,150 25,358 26,625 27,957

Note 18:Publicity & Advertisement

Media Advertisement 10,000 20,000 20,000 20,000 20,000
Printed Materials 2,000 5,000 5,000 5,000 5,000
Total Publicity & Advt Exps 12,000 25,000 25,000 25,000 25,000

Note 19: Professional Fees

Audit Fees 10,000 10,500 11,025 11,576 12,155
Company Secretarial Fees 6,000 6,300 6,615 6,946 7,293
Total Professional Fees 16,000 16,800 17,640 18,522 19,448

Note 20: Deferred Revenue Expenditure

Preliminary Expenses
Company Formation Expenses 2,250 0 0 0 0
Share and Debenture Issue Expenses 0 0 0 0 0
Total 2,250 0 0 0 0

Other Indirect Unrelated Pre-Production Period Expenditure (OIURPPPE)

Sales and General Office Staff Training Programme Expenses 2,700 0 0 0 0
Salary of Marketing & Sales Staff for one month 0 0 0 0 0
Publicity & Advertisement Expenses 38,000
Total 40,700 0 0 0 0

Total Deferred Revenue Expenditure 42,950 0 0 0 0

Deferred Reveneue Expenditure written off 14,317 14,317 14,317 0 0

Deferred Reveneue Expenditure C/f to B/S 28,633 14,317 0 0 0

Note 21: Indirect Pre-Production Period Revenue Expenditure (IPPPRE)

Managerial Remuneration
Managing Director 19,500
Technical Manager 16,500
36,000
Preliminary Project Expenditure
Project Report Preparation Expenditure 6,000
Feasibility Study Expenditure 9,000
15,000
Citizens' Production Training Expenditure
Training Period in Botswana in Weeks 3
Transport to and fro SA 1,300
Accomodation @ P500/day 10,500
Subsistence Allowance @ P200/day 4,200
Transport within Botswana 1,050
Total Training Cost 17,050

General Administrative & Office Expenditure

Printing and Stationery 2,000
Rent, Rates And Taxes 21,000
Postage, Telephone, Fax, & Internet 3,000
Travel and Conveyance 8,000
Total 34,000
(Cr Bank)
Financial Expenditure
Int on CEDA Proj Loan for the first 3 mons after Sanction but bef 30,541

Total Indirect Pre-Prodn Period Revenue Expenditure 132,591

Note 22 - Financing Pattern Prom SH's Project

of Pre-Prodn Exp & Fixed Assets Contribution WesBk LnCEDA Loan

Indir Pre-Prodn Period Rev Exp, sep capitalisn & w/off (Dr IPPPR 132,591 102,050 30,541
Interior Decoration Expenditure (Cap Exp Not Rep by Assets) 55,000 55,000
Deferred Revenue Expenditure (Dr DRE A/c) 42,950 42,950
Opening Stock of Raw Materials 51,767 51,767
Mainframe Equipment 1,519,984 1,519,984
Office Equipment 98,731 98,731
Furniture & Fittings 37,319 37,319
Motor Cycle b/in as Contribution 7,805 7,805
Motor Vehicle financed by WesBank Loan to the tune of 80% 91,900 19,705 72,194
Fin Pattern of Pre-Prodn, Int Dec & Publicity Exp & Fixed As 2,038,046 316,596 72,194 1,649,256
Percentage of Financing 15.53% 3.54% 80.92%

Note 23: Separate Capitalisation of Indirect Pre-Prodn Period Revenue Expenditure

Indirect Pre-Prodn Period Revenue Expenditure

Managerial Remuneration (MRM) 36,000
Preliminary Project Expenditure (PPE) 15,000
Cost of Pre-Production-Commencement Training in SA (PPCSAT) 17,050
Pre-Production-Commencement Genl Admin and Office Exp (P 34,000
Pre-Production-Comm CEDA Proj Loan Int Exp (PPCCPLI) 30,541
Total 132,591
Cost of Capital Assets
Mainframe Equipment 1,519,984
Office Equipment 98,731
Furniture & Fittings 37,319
Motor Vehicles 99,705
1,755,738

Indirect Pre-Prodn Period Revenue Expenditure, separately capitalised to different

Capital Assets Heads for separate write-off MRM PPE PPCSAT PPCGAOE PPCCPLI
Mainframe Equipment 31,166 12,986 14,761 29,435 26,440
Office Equipment 2,024 843 959 1,912 1,717
Furniture & Fittings 765 319 362 723 649
Motor Vehicles 2,044 852 968 1,931 1,734
Total apportioned to different separate capital asset heads 36,000 15,000 17,050 34,000 30,541

Listing of Indir Pre-Prodn Period Rev Exp capitalised to differ Cost

MF Equip-Indir Pre-Prodn Period Rev Exp (write-off @ 15% p.a.) 114,787
Office Equipment-Indir Pre-Prodn Period Rev Exp (write-off @ 10% 7,456
Furniture & Fittings-Indir Pre-Prodn Period Rev Exp (write-off @ 1 2,818
Motor Vehicles-Pre-Prodn Period Rev Exp (write-off @ 25% p.a.) 7,530
132,591

Note 24: Indir Pre-Prodn Period Rev Exp Write-off Y1 Y2 Y3 Y4 Y5

MainFrame Equip-Indir Pre-Prodn Period Rev Exp

Cost / Net Book Value B/f 114,787 97,569 80,351 63,133 45,915
Current Year Annual Write-off @15% p.a. 17,218 17,218 17,218 17,218 17,218
Cumulative Annual Write-off 17,218 34,436 51,654 68,872 86,090
Cost 114,787 114,787 114,787 114,787 114,787
Yr Beg Available Amt for Write-off (Cost-Cum Annl w/off at Yr Beg 114,787 97,569 80,351 63,133 45,915
Cap W/off Allowance (Lower of Curr Yr Annl W/off @ 15% p.a. 17,218 17,218 17,218 17,218 17,218
Yr Beg +ve Amt Available for w/off, OR Zero, if Yr Beg Available
Amt for w/off is -ve)
Net Book Value (Yr Beg Avail Amt for w/off - Capital Allowan 97,569 80,351 63,133 45,915 28,697
Zero, if Yr Beg Avail Amt for w/off is -ve)

Office Equipment-Indir Pre-Prodn Period Rev Exp

Cost / Net Book Value B/f 7,456 6,710 5,965 5,219 4,474
Current Year Annual Write-off @10% p.a. 746 746 746 746 746
Cumulative Annual Write-off 746 1,491 2,237 2,982 3,728
Cost 7,456 7,456 7,456 7,456 7,456
Yr Beg Available Amt for Write-off (Cost-Cum Annl w/off at Yr Beg 7,456 6,710 5,965 5,219 4,474
Cap W/off Allowance (Lower of Curr Yr Annl W/off @ 10% p.a. 746 746 746 746 746
Yr Beg +ve Amt Available for w/off, OR Zero, if Yr Beg Available
Amt for w/off is -ve)
Net Book Value (Yr Beg Avail Amt for w/off - Capital Allowan 6,710 5,965 5,219 4,474 3,728
Zero, if Yr Beg Avail Amt for w/off is -ve)

Furniture & Fittings-Indir Pre-Prodn Period Rev Exp

Cost / Net Book Value B/f 2,818 2,536 2,254 1,973 1,691
Current Year Annual Write-off @10% p.a. 282 282 282 282 282
Cumulative Annual Write-off 282 564 845 1,127 1,409
Cost 2,818 2,818 2,818 2,818 2,818
Yr Beg Available Amt for Write-off (Cost-Cum Annl w/off at Yr Beg 2,818 2,536 2,254 1,973 1,691
Cap W/off Allowance (Lower of Curr Yr Annl W/off @ 10% p.a. 282 282 282 282 282
Yr Beg +ve Amt Available for w/off, OR Zero, if Yr Beg Available
Amt for w/off is -ve)
Net Book Value (Yr Beg Avail Amt for w/off - Capital Allowan 2,536 2,254 1,973 1,691 1,409
Zero, if Yr Beg Avail Amt for w/off is -ve)

Motor Vehicles-Indir Pre-Prodn Period Rev Exp (IPPPRE A/c)

Cost / Net Book Value B/f 7,530 5,648 3,765 1,883
Current Year Annual Write-off @25% p.a. 1,883 1,883 1,883 1,883
Cumulative Annual Write-off 1,883 3,765 5,648 7,530
Cost 7,530 7,530 7,530 7,530
Yr Beg Available Amt for Write-off (Cost-Cum Annl w/off at Yr Beg 7,530 5,648 3,765 1,883
Cap W/off Allowance (Lower of Curr Yr Annl W/off @ 25% p.a. 1,883 1,883 1,883 1,883
Yr Beg +ve Amt Available for w/off, OR Zero, if Yr Beg Available
Amt for w/off is -ve)
Net Book Value (Yr Beg Avail Amt for w/off - Capital Allowan 5,648 3,765 1,883 0
Zero, if Yr Beg Avail Amt for w/off is -ve)

Grand Tot of Cap W/off All in respect of Indir Pre-Prodn Per 20,128 20,128 20,128 20,128 18,245
Grant Tot of NBV of Capitalised Indir Pre-Prodn Period Rev E 112,463 92,335 72,207 52,079 33,834

Note 25: Mainframe and Office Equipment Insurance

Insurance on MF Equip @ 0.5% p.a. 7,600 6,460 5,320 4,180 3,040
Insurance on Off Equip @ 0.5% p.a. 494 444 395 346 296
Total Equipment Insurance 8,094 6,904 5,715 4,526 3,336

Note 26: Vehicle Loan Amount

Vehicle Cost 76,583
Comprehensive and Credit Life Insurance and Doc Fees @ 20% o 15,317
Agreed Money Value 91,900
Initial Payment @ 20% of Agreed Money Value -19,705
Principal Debt 72,194
Prime Rate 14.5%
Interest @ 3% over the Prime Rate 17.5%
 Y6 Y7

182 182
136 136
227 227

48,000 48,000
36,000 36,000
60,000 60,000

55 55
27 27
27 27

14,400 14,400
7,200 7,200
7,200 7,200
 Y6 Y7

20.72 23.21
64,823 72,647
298,412 334,221
-72,647 -81,374
290,588 325,494

1.76 1.97
5,516 6,181
25,390 28,437
-6,181 -6,924
24,725 27,695

5.35 5.99
8,362 9,371
38,494 43,113
-9,371 -10,497
37,485 41,988

20.86 23.37
32,632 36,569
 150,214 168,240
-36,569 -40,962
146,277 163,847

111,333 124,769
512,510 574,012
-124,769 -139,756
499,075 559,024
499,075 559,024

1,440 1,440
5,760 5,760
7,200 7,200
14,400 14,400

140 147
202,163 212,271
808,652 849,085
1,010,815 1,061,356
2,021,630 2,122,711

720 720
2,880 2,880
3,600 3,600
7,200 7,200

102 107
73,514 77,190
 294,055 308,758
367,569 385,948
735,138 771,895

720 720
2,880 2,880
3,600 3,600
7,200 7,200

26 27
18,378 19,297
73,514 77,190
91,892 96,487
183,785 192,974

294,055 308,758
1,176,221 1,235,032
1,470,276 1,543,790
2,940,553 3,087,580

70,573 74,102
44,108 46,314
114,682 120,416

52,930 55,576
33,081 34,735
86,011 90,312

-17,643 -18,525
-11,027 -11,578
-28,670 -30,104
114,682 120,416

Y6 Y7

2 2
1 1
1 1
1 1
5 5

1 1
2 2
3 3

1 1
1 1
1 1
3 3

6 6

11 11

59 70
 1 1
1 1
2 2

0 0
0 0
0 0

2 2

1,288 1,417
1,171 1,288
15,461 17,007
14,055 15,461
29,516 32,468
1,449 1,594
17,394 19,133
1,933 2,126
23,191 25,510
966 1,063
11,596 12,755
81,697 89,866

0 0
0 0
2,420 2,662
 0 0
0 0
29,040 31,944
29,040 31,944
0 0
0 0
-202 -347
-202 -347
191 335
3,993 4,392
3,630 3,993
47,916 52,708
43,560 47,916
91,476 100,624
-1,354 -1,833
-928 -1,354
-2,282 -3,187
2,230 3,112
120,516 132,568

2,196 2,416
26,354 28,989
2,196 2,416
26,354 28,989
2,416 2,657
28,989 31,888
-200 -344
189 332
81,697 89,866

202,213 222,434
 -2,684 -3,878
2,610 3,779

9,953 11,944
4,026 4,429
0 0
167,755 196,474
-26,312 -33,494
25,806 32,896

8,709 10,451
2,416 2,657
0 0
133,499 157,299
-17,750 -23,699
17,332 23,203

301,253 353,773
-44,062 -57,193
43,138 56,099
 81,697 89,866
202,213 222,434
301,253 353,773
0 0
585,163 666,074

0 0
167,755 196,474
133,499 157,299
301,253 353,773

283,910 312,301
301,253 353,773
585,163 666,074
 Y6 Y7

379,996 151,998
227,998 227,998
1,367,986 1,595,984
1,519,984 1,519,984
379,996 151,998
227,998 151,998

151,998 0

49,366 39,492
9,873 9,873
59,239 69,112
98,731 98,731
49,366 39,492
9,873 9,873

39,492 29,619

18,659 14,927
3,732 3,732
22,391 26,123
37,319 37,319
18,659 14,927
 3,732 3,732

14,927 11,196

241,603 165,603
206,418 40,815

7,658 8,041
4,595 4,824
12,252 12,865
22,973 24,122
35,225 36,987

70,000 70,000
70,000 70,000
 7,658 8,041
22,973 24,122
30,631 32,162

15,315 16,081
7,658 8,041
22,973 24,122

22,973 24,122
6,381 6,700
29,354 30,822

20,000 20,000
5,000 5,000
25,000 25,000

12,763 13,401
7,658 8,041
20,421 21,442

0 0
0 0
0 0
0 0
0 0

0 0

0 0

0 0
0 0
 Total
114,787
7,456
2,818
7,530
132,591

Y6 Y7

28,697 11,479
17,218 17,218
103,308 120,526
114,787 114,787
28,697 11,479
17,218 11,479
11,479 0

3,728 2,982
746 746
4,474 5,219
7,456 7,456
3,728 2,982
746 746

2,982 2,237

1,409 1,127
282 282
1,691 1,973
2,818 2,818
1,409 1,127
282 282

1,127 845
18,245 12,506
15,588 3,082

1,900 760
247 197
2,147 957
Pangolin Booksellers Contra
Projected Balance Sheet in Ldgr Note # Y1 Y2 Y3 Y4 Y5

ASSETS
Non-Current Assets
Net Fixed Assets GL 12 1,489,210 1,222,681 956,153 689,624 448,021
Net Indir Pre-Prodn Period Rev Exp GL 20 112,463 92,335 72,207 52,079 33,834
Cap Exp Not Rep by Assets - Interior Dec Exp GL 22 44,000 33,000 22,000 11,000 0
Deferred Revenue Expenditure GL 16 28,633 14,317 0 0 0
Deferred Tax Asset GL 0 0 0 0 0
1,674,306 1,362,333 1,050,360 752,703 481,855
Current Assets
Bank Balance GL 545,194 1,148,952 1,850,702 2,577,461 3,274,019
Inventories
Raw Material Stock GL 5 46,705 69,054 86,770 99,068 111,333
46,705 69,054 86,770 99,068 111,333
Accounts Receivable
Trade Receivable (Cr Sale + Chq Sale Drs) GL 6 71,520 105,706 121,081 127,135 133,492
Less: Provision for Doubtful Debts GL 6 18,720 21,622 24,767 26,005 27,305
52,800 84,084 96,314 101,130 106,187

Total Current Assets 644,699 1,302,090 2,033,786 2,777,660 3,491,539

Current Liabilities
Bank Overdraft
Income Tax Payable GL 96,882 175,823 220,250 235,690 243,884
Witholding Taxes Payable GL 9 1,292 1,787 2,532 3,426 4,603
Expense payable GL 2,050 2,415 2,536 2,663 2,796
100,224 180,025 225,317 241,779 251,283

Net Current Assets 544,475 1,122,065 1,808,469 2,535,881 3,240,256

Total Assets 2,218,781 2,484,398 2,858,829 3,288,584 3,722,111

Pangolin Booksellers
Projected Balance Sheet

EQUITY & LIABILITIES

Capital & Reserves
Share Capital GL 0 0 0 0 0
Shareholders' Contribution GL 22 316,596 316,596 316,596 316,596 316,596
Retained Earnings IS 271,927 777,774 1,413,756 2,094,821 2,799,169
588,522 1,094,370 1,730,352 2,411,417 3,115,765
Non-Current Liabilities
Secured Loans
WesBank Veh Loan GL 52,170 28,345 0 0 0
Project Bank Loan GL 1,578,089 1,361,683 1,128,477 877,166 606,346
Total Non-Current Liabilities 1,630,259 1,390,028 1,128,477 877,166 606,346

Total Liabilities 2,218,781 2,484,398 2,858,829 3,288,583 3,722,111

0 0 0 0 0
 Y6 Y7

206,419 40,816
15,588 3,082
0 0
0 0
0 0
222,007 43,898

4,076,124 4,821,617

124,769 139,756
124,769 139,756

140,166 147,175
28,670 30,104
111,496 117,071

4,312,388 5,078,444

281,066 303,069
5,601 6,795
2,935 3,082
289,602 312,946

4,022,786 4,765,498
4,244,793 4,809,395

0 0
316,596 316,596
3,613,696 4,492,800
3,930,292 4,809,396

0 0
314,501 -1
314,501 -1

4,244,793 4,809,395

0 0
Pangolin Booksellers
Projected Income Statement Contra Note # 2001 2002 2003 2004
in Ldgr
INCOME
Sales Revenue GL 6 1,440,000 2,217,600 2,540,160 2,667,168

Cost of Production/Traceable Input

Raw Materials Consumed GL 5 186,820 276,218 347,079 396,272
186,820 276,218 347,079 396,272

Cost of Production/Traceable Input 186,820 276,218 347,079 396,272

Direct Costs of other Traceable Inputs

Wages GL 10 31,500 55,800 61,380 67,518
Power & Water GL 13 9,600 10,080 10,584 11,113
41,100 65,880 71,964 78,631

Cost of Goods Sold/Traceable Input 227,920 342,098 419,043 474,903

Citizen Managerial Remuneration 10 103,500 160,800 187,680 219,408

Domestic Value Added Accruing to Botswana 1,108,580 1,714,702 1,933,437 1,972,857

Non-Citizen Managerial Remuneration 10 73,500 135,900 154,305 103,781

Gross Profit after Managerial Remn 1,035,080 1,578,802 1,779,132 1,869,076

Managerial Remuneration 177,000 296,700 341,985 323,189

Gross Profit before Managerial Remn 1,212,080 1,875,502 2,121,117 2,192,265

Other Income
Expenditure
Production Overheads
Equipment Repairs & Maintenance GL 14 0 70,000 70,000 70,000
Depreciation of Fixed Assets GL 12 266,529 266,529 266,529 266,529
Write-off of Indir Pre-Prodn Peirod Rev Exp GL 21 20,128 20,128 20,128 20,128
286,657 356,657 356,657 356,657
Administrative Overheads
Managerial Remuneration 177,000 296,700 341,985 323,189
Salaries GL 10 31,500 106,200 123,780 167,118
Equipment Insurance 8,094 6,904 5,715 4,526
Deferred Revenue Expenditure written off GL 20 14,317 14,317 14,317 0
Office Rent 84,000 92,400 101,640 111,804
Printing and Stationery 16,000 18,900 19,845 20,837
Communication Expenses GL 13 15,000 18,900 19,845 20,837
345,910 554,321 627,127 648,311
Financial Overheads
Interest on CEDA Proj Loan GL 92,545 111,018 94,218 76,114
Interest on Bank Overdraft
92,545 111,018 94,218 76,114
Selling & Distribution Overheads
Interior Dec Exp W/off GL 22 11,000 11,000 11,000 11,000
Publicity & Advertisement 12,000 25,000 25,000 25,000
Travel & Conveyance GL 15,000 24,150 25,358 26,625
Vehicle Operating Expenses GL 15 24,000 25,200 26,460 27,783
Bad Debts GL 6 37,440 64,865 74,300 78,015
99,440 150,215 162,117 168,423

Total Expenditure 824,552 1,172,211 1,240,118 1,249,505

Provision for Doubtful Debts GL 6 18,720 21,622 24,767 26,005

Total Provisions 18,720 21,622 24,767 26,005
Current Year Net Profit/(Loss) 368,809 681,670 856,232 916,755

Current year Chargeable Income 387,529 703,292 880,998 942,760

Chargeble Loss b/f 0 0 0 0
Current year Chgbl Income + Chgbl loss b/f upto the next 5 years 0 0 0 0

Tax Expense (Income) at 25% of the Chargeable Income GL 96,882 175,823 220,250 235,690
Net Profit/ (Loss) after Tax 271,927 505,847 635,982 681,065
Relained Earnings b/f 0 271,927 777,774 1,413,756
Relained Earnings c/f 271,927 777,774 1,413,756 2,094,821
 2005 2006 2007

2,800,526 2,940,553 3,087,580

445,333 499,075 559,024

445,333 499,075 559,024

445,333 499,075 559,024

74,270 81,697 89,866

11,669 12,252 12,865
85,939 93,949 102,731

531,272 593,024 661,756

256,901 301,253 353,773

2,012,354 2,046,275 2,072,051

121,412 0 0

1,890,942 2,046,275 2,072,051

378,313 301,253 353,773

2,269,254 2,347,529 2,425,825

 70,000 70,000 70,000
241,603 241,603 165,603
18,245 18,245 12,506
329,848 329,848 248,109

378,313 301,253 353,773

183,830 202,213 222,434
3,336 2,147 957
0 0 0
122,984 135,283 148,811
21,879 22,973 24,122
21,879 22,973 24,122
732,221 686,842 774,220

56,604 35,579 12,923

56,604 35,579 12,923

11,000 0 0
25,000 25,000 25,000
27,957 29,354 30,822
29,172 30,631 32,162
81,915 86,011 90,312
175,044 170,996 178,296

1,293,717 1,223,265 1,213,547

27,305 28,670 30,104

27,305 28,670 30,104
 948,232 1,095,593 1,182,173

975,537 1,124,263 1,212,277

0 0 0
0 0 0

243,884 281,066 303,069

704,348 814,527 879,104
2,094,821 2,799,169 3,613,696
2,799,169 3,613,696 4,492,800
Pro Style (Pty) Ltd
Calculation of Interest on Project Loan from Financing Agency

Total loan Amt 1,618,715

Interest rate 7.50%
Repmt in Mons 84
Pre-Prodn Period Accrued Int 61,658
Total Interest Paid 447,882

Mon Bal O/s Int Accrued Yrly Prn Yrly Int Y#

# after PM In Prn Repd Or Paid Inst Amt Repd Accrd/Paid
1 1,618,715 10,117
2 1,628,832 10,180
3 1,639,013 10,244
4 1,649,256 10,308
5 1,659,564 10,372
6 1,669,937 10,437 61,658
7 1,680,374 16,783 10,502 27,285
8 1,663,591 16,888 10,397 27,285
9 1,646,703 16,993 10,292 27,285
10 1,629,709 17,100 10,186 27,285
11 1,612,610 17,207 10,079 27,285
12 1,595,403 17,314 9,971 27,285 102,285 61,427 Y1
13 1,578,089 17,422 9,863 27,285
14 1,560,667 17,531 9,754 27,285
15 1,543,136 17,641 9,645 27,285
16 1,525,495 17,751 9,534 27,285
17 1,507,744 17,862 9,423 27,285
18 1,489,882 17,974 9,312 27,285
19 1,471,908 18,086 9,199 27,285
20 1,453,822 18,199 9,086 27,285
21 1,435,623 18,313 8,973 27,285
22 1,417,311 18,427 8,858 27,285
23 1,398,884 18,542 8,743 27,285
24 1,380,341 18,658 8,627 27,285 216,406 111,018 Y2
25 1,361,683 18,775 8,511 27,285
26 1,342,908 18,892 8,393 27,285
27 1,324,016 19,010 8,275 27,285
28 1,305,006 19,129 8,156 27,285
29 1,285,877 19,249 8,037 27,285
30 1,266,628 19,369 7,916 27,285
31 1,247,259 19,490 7,795 27,285
32 1,227,769 19,612 7,674 27,285
33 1,208,157 19,734 7,551 27,285
34 1,188,423 19,858 7,428 27,285
35 1,168,565 19,982 7,304 27,285
36 1,148,584 20,107 7,179 27,285 233,206 94,218 Y3
37 1,128,477 20,232 7,053 27,285
38 1,108,245 20,359 6,927 27,285
39 1,087,886 20,486 6,799 27,285
40 1,067,400 20,614 6,671 27,285
41 1,046,786 20,743 6,542 27,285
42 1,026,043 20,873 6,413 27,285
43 1,005,170 21,003 6,282 27,285
44 984,167 21,134 6,151 27,285
45 963,033 21,266 6,019 27,285
46 941,766 21,399 5,886 27,285
47 920,367 21,533 5,752 27,285
48 898,834 21,668 5,618 27,285 251,311 76,114 Y4
49 877,166 21,803 5,482 27,285
50 855,363 21,939 5,346 27,285
51 833,424 22,076 5,209 27,285
52 811,348 22,214 5,071 27,285
53 789,133 22,353 4,932 27,285
54 766,780 22,493 4,792 27,285
55 744,287 22,634 4,652 27,285
56 721,653 22,775 4,510 27,285
57 698,878 22,917 4,368 27,285
58 675,961 23,061 4,225 27,285
59 652,900 23,205 4,081 27,285
60 629,696 23,350 3,936 27,285 270,820 56,604 Y5
61 606,346 23,496 3,790 27,285
62 582,850 23,643 3,643 27,285
63 559,208 23,790 3,495 27,285
64 535,417 23,939 3,346 27,285
65 511,478 24,089 3,197 27,285
66 487,390 24,239 3,046 27,285
67 463,151 24,391 2,895 27,285
68 438,760 24,543 2,742 27,285
69 414,217 24,696 2,589 27,285
70 389,520 24,851 2,435 27,285
71 364,670 25,006 2,279 27,285
72 339,663 25,162 2,123 27,285 291,845 35,579 Y6
73 314,501 25,320 1,966 27,285
74 289,181 25,478 1,807 27,285
75 263,703 25,637 1,648 27,285
76 238,066 25,797 1,488 27,285
77 212,269 25,959 1,327 27,285
78 186,310 26,121 1,164 27,285
79 160,189 26,284 1,001 27,285
80 133,905 26,448 837 27,285
81 107,457 26,614 672 27,285
82 80,843 26,780 505 27,285
83 54,063 26,947 338 27,285
84 27,115 27,116 169 27,285 314,502 12,923 Y7
1,680,374 447,882
Pangolin
General Ledger (GL)

Particulars Contra Contra A/c Y1 Y2

in Ldgr
Shareholders Contribution (Note 22)
Bal b/f 0 -316,596
Indir Pre-Prodn Period Rev Exp incurred as Contribution GL Dr Indir Pre-Prodn Per -102,050 0
Interior Decoration Exp incurred as Contribution GL Dr Int Dec Exp -55,000 0
Deferred Rev Exp incurred as Contribution GL Dr Def Rev Exp -42,950 0
RM Stock b/in as Contribution GL Dr RM Stock -51,767 0
F&F b/in as Contributionn GL Dr Furn & Fittings -37,319
Motor Cycle b/in as Contribtution GL Dr Motor Veh -7,805
20% of Agreed Money Value of Motor Veh b/in as Contribution GL Dr Motor Veh -19,705
Bal c/f to B/S BS 316,596 316,596
0 0
Indir Pre-Prodn Period Rev Exp (IPPPRE) A/c (Note 21 & 23)
Indir Pre-Prodn Period Rev Exp incurred GL Cr SH's Contribn 102,050
Int Accrued on CEDA Proj Loan fo first 3 mons after sanction bef GL Cr CEDA Proj Loan 30,541
Cost of IPPPRE separately capitalised as MainFrame Equip GL Dr MFE - IPPPRE A/c -114,787
Cost of IPPPRE separately capitalised as Off Eq GL Dr Off Eq - IPPPRE A/c -7,456
Cost of IPPPRE separately capitalised as Furn & Ftgs GL Dr Furn & Ftgs - IPPPRE -2,818
Cost of IPPPRE separately capitalised as Motor Veh GL Dr Motor Veh - IPPPRE -7,530
0
Interior Dec Exp (Cap Exp Not Rep by Assets) (Note 22)
Interior Decoration Exp incurred as Contribution GL Cr SHs' Contribn 55,000 44,000
Int Dec Exp w/off over 5 years to Revenue IS Dr Income Stmt -11,000 -11,000
Bal c/f to B/S BS -44,000 -33,000
0 0
Deferred Revenue Expenditure (DRE) A/c (Note 20)
Bal B/fd 0 28,633
Prel Exp and Other Unrelated Pre-Prodn Per Exp GL Cr SHs' Contribn 42,950 0
Def Rev Exp W/off over 3 years to Revenue IS Dr Income Stmt -14,317 -14,317
Bal C/fd to B/S BS -28,633 -14,317
0 0
Raw Material Stock (Note 3)
Bal b/f 0 46,705
RM Stock b/in as Contribution GL Cr SHs' Contribn 51,767 0
Purchases of Raw Material Stock GL Cr Cash Flow Statemen 181,758 298,567
Raw Materials Consumed IS Dr Income Stmt -186,820 -276,218
Bal c/f to B/S BS -46,705 -69,054
0 0
Furntiure & Fittings A/c (Note 12)
Opg Bal B/fd 0 33,587
F&F b/in as Contribution GL Cr SH's Contbn 37,319 0
Capital Allowance @ 10% p.a. IS Dr Income Stmt -3,732 -3,732
Bal c/f to B/S BS -33,587 -29,855
0 0
Motor Vehicles A/c (Note 12)
Opg Bal B/fd 0 74,778
Motor Cycle b/in as Contribution GL Cr SH's Contbn 7,805 0
Initial Payment @ 20% of the Agreed Money Value GL Cr SH's Contbn 19,705
Motor Car obtained by way of WesBk Loan GL Cr WesBank Veh Loan 72,194 0
Capital Allowance @ 25% p.a. IS Dr Income Stmt -24,926 -24,926
Bal c/f to B/S BS -74,778 -49,853
0 0
MainFrame Equip - IPPPRE A/c (Notes 23 & 24)
Opg Bal B/fd 0 97,569
Cost of IPPPRE separately capitalised GL Cr IPPPRE A/c 114,787 0
Capital Write-off Allowance IS Dr Income Stmt -17,218 -17,218
Bal c/f to B/S BS -97,569 -80,351
0 0
Off Equip - IPPPRE A/c (Notes 23 & 24)
Opg Bal B/fd 0 6,710
Cost of IPPPRE separately capitalised GL Cr IPPPRE A/c 7,456 0
Capital Write-off Allowance IS Dr Income Stmt -746 -746
Bal c/f to B/S BS -6,710 -5,965
0 0
Furn & Fittings - IPPPRE A/c (Notes 23 & 24)
Opg Bal B/fd 0 2,536
Cost of IPPPRE separately capitalised GL Cr IPPPRE A/c 2,818 0
Capital Write-off Allowance IS Dr Income Stmt -282 -282
Bal c/f to B/S BS -2,536 -2,254
0 0
Motor Veh - IPPPRE A/c (Notes 23 & 24)
Opg Bal B/fd 0 5,648
Cost of IPPPRE separately capitalised GL Cr IPPPRE A/c 7,530 0
Capital Write-off Allowance IS Dr Income Stmt -1,883 -1,883
Bal c/f to B/S BS -5,648 -3,765
0 0
WesBank Veh Loan A/c (Note 22)
Opg Bal B/fd 0 -52,170
Motor Car acqd by way of WesBk Loan GL Dr Motor Vehicles -72,194 0
WesBank Loan Repaid GL Cr Cash Flow Stmt 20,025 23,824
Bal c/f to B/S BS 52,170 28,345
0 0
CEDA Project Loan A/c (Note 22)
Opg Bal B/fd 0 -1,578,089
Int Accrued on CEDA Proj Loan for the first 3 mons after sanction GL Dr IPPPRE A/c -30,541
Int for the last 3 mons of the 6 mons' gestation period for CED GL Dr Int on CEDA Proj Loa -31,117
Mainframe Equipment Cost met by CEDA by way of Project Loan GL Dr MF Equip A/c -1,519,984 0
Office Equipment Cost met by CEDA by way of Proj Loan GL Dr Off Equip A/c -98,731
CEDA Proj Loan Repaid GL Cr Cash Flow Stmt 102,285 216,406
Bal c/f to B/S BS 1,578,089 1,361,683
0 0
MainFrame Equipment A/c (Note 12)
Opg Bal B/fd 0 1,291,987
Mainframe Equipment Cost met by CEDA by way of Loan GL Cr CEDA Proj Loan 1,519,984 0
Capital Allowance @ 15% p.a. GL Dr Income Stmt -227,998 -227,998
Bal c/f to B/S GL -1,291,987 -1,063,989
0 0
Interest on CEDA Proj Loan A/c (Separate Working Sheet)
Int for the last 3 mons of the 6 mons' gestation period for CED GL Cr CEDA Proj Loan 31,117 0
Int for 6 mons after beg to repay CEDA Loan and then for eve GL Cr Cash Flow Stmt 61,427 111,018
Tfr to Income Stmt IS Dr Income Stmt -92,545 -111,018
0 0
Office Equipment A/c (Note 12)
Opg Bal B/fd 0 88,858
Office Equipment Cost met by CEDA by way of Loan GL Cr CEDA Proj Loan 98,731 0
Capital Allowance @ 10% p.a. GL Dr Income Stmt -9,873 -9,873
Bal c/f to B/S GL -88,858 -78,985
0 0
Credit Customers (Note 4)
Bal b/f 0 60,000
Sales to Cr Cust GL Cr Sales 720,000 1,108,800
Bad Debts out of CY 1st 9 Mons' Cr Sale to Car Dealers GL Dr Bad Debts -14,400 -24,948
LY Last 3 Mons' Doubtful Debts becoming bad in CY GL Dr Provn for DD 0 -7,200
Collections from Cr Cust GL Dr Cash Flow Stmt -645,600 -1,044,252
Bal c/f to B/S BS -60,000 -92,400
0 0
Cheque Sale Customers (Note 4)
Bal b/f 0 11,520
Cheque Sales GL Cr Sales 576,000 887,040
Bad Debts out of CY 1st 9 Mons' Cheque Sales GL Dr Bad Debts -23,040 -39,917
LY Last 3 Mons' Chq Sale Doubtful Debts becoming bad in CY GL Dr Provn for DD 0 -11,520
Cheque Sale Receipts GL Dr Cash Flow Stmt -541,440 -833,818
Bal c/f to B/S BS -11,520 -13,306
0 0
Sales (Note 6)
Sales to Cr Cust GL Dr Cr Cust -720,000 -1,108,800
Cheque Sales GL Dr Chq Sale Cust -576,000 -887,040
Cash Sales GL Dr Cash Flow Stmt -144,000 -221,760
Total Sales IS Cr Income Stmt 1,440,000 2,217,600
0 0
Bad Debts (Note 6)
Bad Debts out of Cheque Sales GL Cr Chq Sale Cust 23,040 39,917
Bad Debts out of Cr Sale to Car Dealers GL Cr Cr Cust 14,400 24,948
Total Bad Debts GL Dr Income Stmt -37,440 -64,865
0 0
Provision for Doubtful Debts (Note 6)
Bal b/f 0 -18,720
Provn for CY Last 3 Mons' Doubtful Cheque Sales GL Dr IS-Pvn for DD -11,520 -13,306
LY Last 3 Mons' Chq Sale Doubtful Debts becoming bad in CY GL Cr Chq Sale Cust 0 11,520
Provn for CY Last 3 Mons' Doubtful Cr Sales GL Dr IS-Pvn for DD -7,200 -8,316
LY Last 3 Mons' Cr Sale Doubtful Debts becoming bad in CY GL Cr Cr Cust 0 7,200
Bal C/f to B/S BS 18,720 21,622
0 0
WHT Payable A/c (Note 9)
Opg WHT O/s at the Year-Beg b/f 0 -1,292
WHT Payable to Dept. of Taxes GL Dr Sals and Mgl Remn P -15,500 -21,447
WHT Paid during the year GL Cr Cash Flow Stmt 14,208 20,952
Clg WHT O/s at Year-End C/f (1/# of months in the year) BS 1,292 1,787
0 0
Salaries Payable A/c (Notes 9 & 10)
Salaries IS Dr Income Stmt -31,500 -106,200
WHT Payable on Salaries GL Cr WHT Payable A/c 0 70
Pmt of Salaries GL Cr Cash Flow Stmt 31,500 106,130
0 0
Managerial Remn Payable A/c (Notes 9 & 10)
Managerial Remuneration IS Dr Income Stmt -177,000 -296,700
WHT Payable on Managerial Remn GL Cr WHT Payable A/c 15,500 21,378
Pmt of Mgl Remn GL Cr Cash Flow Stmt 161,500 275,322
0 0

Power & Water Exp Payable A/c (Note 13)

Opg Bal B/fd 0 -800
Power & Water Exp Payable IS Dr Income Stmt -9,600 -10,080
Power & Water Exp Paid GL Cr Cash Flow Stmt 8,800 10,040
Bal C/f to B/S BS 800 840
0 0
Communication Exp Payable A/c (Note 13)
Opg Bal B/fd 0 -1,250
Communication Exp Payable IS Dr Income Stmt -15,000 -18,900
Communication Exp Paid GL Cr Cash Flow Stmt 13,750 18,575
Bal C/f to B/S BS 1,250 1,575
0 0
Deferred Tax Asset / Income Tax Payable A/c
Opg Bal of DTA / ITP B/fd 0 -96,882
Income Tax Expense (Income) for the year IS Dr/Cr Income Stmt -96,882 -175,823
Income Tax Paid in the year GL Cr Cash Flow Stmt 0 96,882
Clg Bal of DTA / ITP B/fd BS 96,882 175,823
0 0
Bank (Cash Flow Statement)
Particulars Contra A/c

Opening Balance B/fd 0 545,194

CASH INFLOWS

Cash from Financing Activities

Share Capital BS Cr Share Capital 0 0
0 0
Cash Inflows from Operating activities

Cash from Operations

Cash Sale Receipts GL Cr Sales 144,000 221,760
Cheque Sale Receipts GL Cr Chq Sale Cust 541,440 833,818
Collection from Credit Customers GL Cr Credit Cust 645,600 1,044,252
1,331,040 2,099,830

Total Cash from Operating Activities 1,331,040 2,099,830

Total Cash Inflows 1,331,040 2,099,830

Opening Balance + Cash Inflow 1,331,040 2,645,023

CASH OUTFLOWS

Cash Outflows for Financing Activities

WesBank Veh Loan Repaid GL Dr WesBank Veh Loan -20,025 -23,824
CEDA Proj Loan Repaid GL Dr CEDA Proj Loan -102,285 -216,406
-122,309 -240,230
Cash Outflows for Investing Activities
Purchase of Fixed Assets after Sanction of Proj Bank Loan Cr Fixed Assets 0 0

Cash Outflows for Operating activities

Cash Outflows for Direct Traceable Input Material Purchase

Purchase of RM Stock GL Dr RM Stock -181,758 -298,567

Cash Outflows for Other Direct Traceable Inputs

Payment of Wages IS Dr Income Stmt -31,500 -55,800
Payment of Power & Water Exp GL Dr Power & Water Exp P -8,800 -10,040
-40,300 -65,840
Total Cash Outflows for Operating Activities -222,058 -364,407

Cash Outflows for Production Overheads

Equipment Rep & Maint Exp IS Dr Income Stmt 0 -70,000

Cash Outflows for Managerial Remuneration

Managerial Remuneration GL Dr Mgrl Remn Pybl -161,500 -275,322

Cash Outflows for Administration Overheads

Payment of Salaries GL Dr Salaries Pybl -31,500 -106,130
Payment of Equipment Insurance Expense IS Dr Income Stmt -8,094 -6,904
Payment of Office Rent IS Dr Income Stmt -84,000 -92,400
Payment of Printing & Stationery Expense IS Dr Income Stmt -16,000 -18,900
Payment of Communication Exp GL Dr Commn Exp Pybl -13,750 -18,575
-153,344 -242,909
Cash Outflows for Financial Overheads
Int for 6 mons after beg to repay CEDA Loan and then for every y GL Dr Int on CEDA Proj Loa -61,427 -111,018
Interest on Overdraft @ 12% p.a. on the Limit of Overdraft*
*

Cash Outflows for Selling & Distribution Overheads

Payment of Publicity & Advertisement Expense IS Dr Income Stmt -12,000 -25,000
Payment of Travel & Conveyance Exp IS Dr Income Stmt -15,000 -24,150
Payment of VehicleOperating Exps IS Dr Income Stmt -24,000 -25,200
-51,000 -74,350
Cash Outflows for Taxes
Payment of Income Tax GL Dr DTA / ITP A/c 0 -96,882
Payment of Withholding Tax GL Dr WHT Pybl -14,208 -20,952
-14,208 -117,834

Total Cash Outflows -785,846 -1,496,071

Closing Balance C/fd 545,194 1,148,952
 Y3 Y4 Y5 Y6 Y7

-316,596 -316,596 -316,596 -316,596 -316,596

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

316,596 316,596 316,596 316,596 316,596

0 0 0 0 0

33,000 22,000 11,000 0 0

-11,000 -11,000 -11,000 0 0
-22,000 -11,000 0 0 0
0 0 0 0 0

14,317 0 0 0 0
0 0 0 0 0
 -14,317 0 0 0 0
0 0 0 0 0
0 0 0 0 0

69,054 86,770 99,068 111,333 124,769

0 0 0 0 0
364,795 408,570 457,599 512,510 574,012
-347,079 -396,272 -445,333 -499,075 -559,024
-86,770 -99,068 -111,333 -124,769 -139,756
0 0 0 0 0

29,855 26,123 22,391 18,659 14,927

0 0 0 0 0
-3,732 -3,732 -3,732 -3,732 -3,732
-26,123 -22,391 -18,659 -14,927 -11,196
0 0 0 0 0

49,853 24,927 0 0 0
0 0 0 0 0

0 0 0 0 0
-24,926 -24,926 0 0 0
-24,927 0 0 0 0
0 0 0 0 0

80,351 63,133 45,915 28,697 11,479

0 0 0 0 0
-17,218 -17,218 -17,218 -17,218 -11,479
-63,133 -45,915 -28,697 -11,479 0
0 0 0 0 0

5,965 5,219 4,474 3,728 2,982

 0 0 0 0 0
-746 -746 -746 -746 -746
-5,219 -4,474 -3,728 -2,982 -2,237
0 0 0 0 0

2,254 1,973 1,691 1,409 1,127

0 0 0 0 0
-282 -282 -282 -282 -282
-1,973 -1,691 -1,409 -1,127 -845
0 0 0 0 0

3,765 1,883 0 0 0
0 0 0 0 0
-1,883 -1,883 0 0 0
-1,883 0 0 0 0
0 0 0 0 0

-28,345 0 0 0 0
0 0 0 0 0
28,345 0 0 0 0
0 0 0 0 0
0 0 0 0 0

-1,361,683 -1,128,477 -877,166 -606,346 -314,501

0 0 0 0 0

233,206 251,311 270,820 291,845 314,502

1,128,477 877,166 606,346 314,501 -1
0 0 0 0 0
1,063,989 835,991 607,994 379,996 151,998
0 0 0 0 0
-227,998 -227,998 -227,998 -227,998 -151,998
-835,991 -607,994 -379,996 -151,998 0
0 0 0 0 0

0 0 0 0 0
94,218 76,114 56,604 35,579 12,923
-94,218 -76,114 -56,604 -35,579 -12,923
0 0 0 0 0

78,985 69,112 59,239 49,366 39,492

0 0 0 0 0
-9,873 -9,873 -9,873 -9,873 -9,873
-69,112 -59,239 -49,366 -39,492 -29,619
0 0 0 0 0

92,400 105,840 111,132 116,689 122,523

1,270,080 1,333,584 1,400,263 1,470,276 1,543,790
-28,577 -30,006 -31,506 -33,081 -34,735
-8,316 -9,526 -10,002 -10,502 -11,027
-1,219,747 -1,288,761 -1,353,199 -1,420,859 -1,491,902
-105,840 -111,132 -116,689 -122,523 -128,649
0 0 0 0 0

13,306 15,241 16,003 16,803 17,643

1,016,064 1,066,867 1,120,211 1,176,221 1,235,032
-45,723 -48,009 -50,409 -52,930 -55,576
-13,306 -15,241 -16,003 -16,803 -17,643
-955,100 -1,002,855 -1,052,998 -1,105,648 -1,160,930
-15,241 -16,003 -16,803 -17,643 -18,525
0 0 0 0 0
-1,270,080 -1,333,584 -1,400,263 -1,470,276 -1,543,790
-1,016,064 -1,066,867 -1,120,211 -1,176,221 -1,235,032
-254,016 -266,717 -280,053 -294,055 -308,758
2,540,160 2,667,168 2,800,526 2,940,553 3,087,580
0 0 0 0 0

45,723 48,009 50,409 52,930 55,576

28,577 30,006 31,506 33,081 34,735
-74,300 -78,015 -81,915 -86,011 -90,312
0 0 0 0 0

-21,622 -24,767 -26,005 -27,305 -28,670

-15,241 -16,003 -16,803 -17,643 -18,525
13,306 15,241 16,003 16,803 17,643
-9,526 -10,002 -10,502 -11,027 -11,578
8,316 9,526 10,002 10,502 11,027
24,767 26,005 27,305 28,670 30,104
0 0 0 0 0

-1,787 -2,532 -3,426 -4,603 -5,601

-30,383 -36,628 -50,748 -46,746 -61,071
29,639 35,734 49,571 45,748 59,878
2,532 3,426 4,603 5,601 6,795
0 0 0 0 0

-123,780 -167,118 -183,830 -202,213 -222,434

620 1,280 1,795 2,684 3,878
123,160 165,838 182,034 199,529 218,556
0 0 0 0 0

-341,985 -323,189 -378,313 -301,253 -353,773

 29,764 35,348 48,952 44,062 57,193
312,222 287,841 329,361 257,191 296,580
0 0 0 0 0

-840 -882 -926 -972 -1,021

-10,584 -11,113 -11,669 -12,252 -12,865
10,542 11,069 11,623 12,204 12,814
882 926 972 1,021 1,072
0 0 0 0 0

-1,575 -1,654 -1,736 -1,823 -1,914

-19,845 -20,837 -21,879 -22,973 -24,122
19,766 20,755 21,792 22,882 24,026
1,654 1,736 1,823 1,914 2,010
0 0 0 0 0

-175,823 -220,250 -235,690 -243,884 -281,066

-220,250 -235,690 -243,884 -281,066 -303,069
175,823 220,250 235,690 243,884 281,066
220,250 235,690 243,884 281,066 303,069
0 0 0 0 0

1,148,952 1,850,702 2,577,461 3,274,019 4,076,124

0 0 0 0 0
0 0 0 0 0
 254,016 266,717 280,053 294,055 308,758
955,100 1,002,855 1,052,998 1,105,648 1,160,930
1,219,747 1,288,761 1,353,199 1,420,859 1,491,902
2,428,863 2,558,333 2,686,249 2,820,562 2,961,590

2,428,863 2,558,333 2,686,249 2,820,562 2,961,590

2,428,863 2,558,333 2,686,249 2,820,562 2,961,590

3,577,815 4,409,035 5,263,711 6,094,581 7,037,714

-28,345 0 0 0 0
-233,206 -251,311 -270,820 -291,845 -314,502
-261,551 -251,311 -270,820 -291,845 -314,502

0 0 0 0 0

-364,795 -408,570 -457,599 -512,510 -574,012

-61,380 -67,518 -74,270 -81,697 -89,866

-10,542 -11,069 -11,623 -12,204 -12,814
-71,922 -78,587 -85,892 -93,900 -102,680
 -436,717 -487,157 -543,491 -606,411 -676,692

-70,000 -70,000 -70,000 -70,000 -70,000

-312,222 -287,841 -329,361 -257,191 -296,580

-123,160 -165,838 -182,034 -199,529 -218,556

-5,715 -4,526 -3,336 -2,147 -957
-101,640 -111,804 -122,984 -135,283 -148,811
-19,845 -20,837 -21,879 -22,973 -24,122
-19,766 -20,755 -21,792 -22,882 -24,026
-270,126 -323,759 -352,026 -382,814 -416,472

-94,218 -76,114 -56,604 -35,579 -12,923

-25,000 -25,000 -25,000 -25,000 -25,000

-25,358 -26,625 -27,957 -29,354 -30,822
-26,460 -27,783 -29,172 -30,631 -32,162
-76,818 -79,408 -82,129 -84,985 -87,984

-175,823 -220,250 -235,690 -243,884 -281,066

-29,639 -35,734 -49,571 -45,748 -59,878
-205,462 -255,983 -285,261 -289,632 -340,943

-1,727,113 -1,831,573 -1,989,692 -2,018,457 -2,216,096

1,850,702 2,577,461 3,274,019 4,076,124 4,821,617
WesBank Vehicle Loan

Prin Int Inst M# YrPrn YrInt Yr#

72,194 1,053
-1,539 -1,053 2,592 M1
70,655 1,030
-1,562 -1,030 2,592 M2
69,094 1,008
-1,584 -1,008 2,592 M3
67,509 985
-1,607 -985 2,592 M4
65,902 961
-1,631 -961 2,592 M5
64,271 937
-1,655 -937 2,592 M6
62,617 913
-1,679 -913 2,592 M7
60,938 889
-1,703 -889 2,592 M8
59,235 864
-1,728 -864 2,592 M9
57,507 839
-1,753 -839 2,592 M10
55,753 813
-1,779 -813 2,592 M11
53,974 787
-1,805 -787 2,592 M12 20,025 11,078 Y1
52,170 761
-1,831 -761 2,592 M13
50,338 734
-1,858 -734 2,592 M14
48,481 707
-1,885 -707 2,592 M15
46,596 680
-1,912 -680 2,592 M16
44,683 652
-1,940 -652 2,592 M17
42,743 623
-1,969 -623 2,592 M18
40,775 595
-1,997 -595 2,592 M19
38,777 566
-2,026 -566 2,592 M20
36,751 536
-2,056 -536 2,592 M21
34,695 506
-2,086 -506 2,592 M22
32,609 476
-2,116 -476 2,592 M23
30,493 445
-2,147 -445 2,592 M24 23,824 7,279 Y2
28,345 413
-2,179 -413 2,592 M25
26,167 382
-2,210 -382 2,592 M26
23,956 349
-2,243 -349 2,592 M27
21,714 317
-2,275 -317 2,592 M28
19,439 283
-2,308 -283 2,592 M29
17,130 250
-2,342 -250 2,592 M30
14,788 216
-2,376 -216 2,592 M31
12,412 181
-2,411 -181 2,592 M32
10,001 146
-2,446 -146 2,592 M33
7,555 110
-2,482 -110 2,592 M34
5,073 74
-2,518 -74 2,592 M35
2,555 37
-2,555 -37 2,592 M36 28,345 2,758 Y3
72,194 21,115 93,309
2,592 36 93,309