BUDGET OF:

Onderstepoort Biological Products

for

2005/06

 Income and expense budget

 

 

 

 

 

2005/06

 

 

Budget

 

 

 

REVENUE

 

 

 

Sales – Local

40,777,481

 

Sales – Export

52,430,423

 

 

 

TOTAL REVENUE

93,207,904

 

 

 

COST OF SALES

60,790,682

 

 

 

GROSS CONTRIBUTION

32,417,222

 

 

EXPENSE SUMMARY

 

 

Staff Cost

34,545,670

 

Travel Expenses

1,953,159

 

Marketing Expenses

3,367,761

 

Premises Related Expenses

5,320,876

 

Operations Related Expenses

4,808,451

 

General & Administrative Expenses

4,036,552

 

Less: Fixed Costs included in COS

(18,011,487)

 

 

 

TOTAL EXPENSES

36,020,982

 

 

 

INCOME BEFORE INTEREST AND TAXATION

(3,603,760)

 

 

 

PLUS : OTHER INTEREST & INCOME

4,832,524

INCOME BEFORE TAXATION

1,228,764

 

 

 

TAXATION

 

368,629

DIVIDEND

 

0

RETAINED INCOME - FOR THE YEAR

860,135

 

Cash Flow budget

 

 

2005/06

Retained income (NPAT)

860,135

Plus: Depreciation

6,326,675

Operational Cash flow

7,186,809

Movement in Accounts Receivable

(1,811,881)

Movement in Accounts Payable

3,154,523

Movement in Inventory

(6,705,420)

Movement in Provisions

3,602,098

Cash flow from operations

5,426,130

Less: Capital expenditure

29,514,963

Net Cash flow for the Year

(24,088,833)

Plus: External Funding obtained

0

Plus: Opening balance of Cash in bank

68,734,714

Closing balance of Cash in bank

44,645,882