BUDGET OF:
Onderstepoort Biological Products
for
2005/06
Income and expense budget |
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2005/06 |
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Budget |
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REVENUE |
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Sales – Local |
40,777,481 |
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Sales – Export |
52,430,423 |
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TOTAL REVENUE |
93,207,904 |
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COST OF SALES |
60,790,682 |
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GROSS CONTRIBUTION |
32,417,222 |
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EXPENSE SUMMARY |
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Staff Cost |
34,545,670 |
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Travel Expenses |
1,953,159 |
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Marketing Expenses |
3,367,761 |
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Premises Related Expenses |
5,320,876 |
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Operations Related Expenses |
4,808,451 |
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General & Administrative Expenses |
4,036,552 |
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Less: Fixed Costs included in COS |
(18,011,487) |
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TOTAL EXPENSES |
36,020,982 |
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INCOME BEFORE INTEREST AND TAXATION |
(3,603,760) |
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PLUS : OTHER INTEREST & INCOME |
4,832,524 |
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INCOME BEFORE TAXATION |
1,228,764 |
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TAXATION |
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368,629 |
DIVIDEND |
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0 |
RETAINED INCOME - FOR THE YEAR |
860,135 |
Cash Flow budget |
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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 |