Blank Financial Model

Financial Projections - INT.
Lynx
Output sheet Year 1 Year 2
0 6 12
6-Months 12-Months 18-Months
Statement of Comprehensive Income
Income
Interest from investments - - -
Profit on Bank Deposits - - -
Unrealized (depreciation)/ Appreciation 103,500 517,500 982,698
Other Income _________- -
_________ -
_________
103,500 517,500 982,698
Expenditure
Management fees 720,000 756,758 795,393
Maintenance Fees - - -
General and Administration Costs 225,000 238,842 253,536
Transaction Costs - - -
Audit Fees 25,000 26,538 28,171
Custodian Fees 50,000 53,076 56,341
Other Charges 25,000 26,538 28,171
Finance Costs 258,191
_________ 536,485 772,534
_________ _________
1,303,191 1,638,238 1,934,145
_________ _________ _________
Net Income/(Deficit) before performance fee (1,199,691) (1,120,738) (951,447)
Performance Fee _________- _________- -

_________
Net Income/(Deficit) after performance fee (1,199,691) (1,120,738) (951,447)
Statement of Financial Position

Initial
Non-Current Assets
Investments - 3,103,500 6,621,000 9,603,698
Bank Deposits - - - -
Other Assets -
_________ _________- -
_________ -
_________
- 3,103,500 6,621,000 9,603,698
Current Assets
Investments - - - -
Bank Balances _________ _________-
10 -
_________ -
_________
10 - - -
Current Liabilities
Bank Borrowings -
_________ 4,303,181
_________ 8,941,418
_________ 12,875,564
_________
- 4,303,181 8,941,418 12,875,564
_________ _________ _________ _________
Net Assets 10
_________ (1,199,681) (2,320,418) _________
(3,271,866)
_________ _________
_________ _________
_________ _________
Represented By
Issued Share Capital - - - -
Accumulated profit/(deficit) 2 (1,199,689) (2,320,426) (3,271,874)
Other funds _________ _________8 _________8 _________8
8
10 (1,199,681) (2,320,418) (3,271,866)
Non Current Liabilities
Bank Borrowings 0
_________ _________- _________- _________ -
10
_________ (1,199,681) (2,320,418) _________
(3,271,866)
_________ _________
_________ _________
_________ _________
- - - -
-10 4303180.851 8941418.39 12875564
1 1 1 1
Click this button after changing assumptions.
1
Statement of Cash Flows
Cash Flow from Operating Activities

Surplus/(deficit) for the year (1,199,691) (1,120,738) (951,447)
Depreciation on assets - - -
Appreciation on investments 103,500 _________
_________ 517,500 _________
982,698
(1,303,191) (1,638,238) (1,934,145)

Abra Kadabra
Effect on cash flow due to working capital changes
(Increase)/decrease in investments _________- _________- _________-
Net Cash used in operating Activies (1,303,191) (1,638,238) (1,934,145)
Cash flow from investing activies

Bank Deposits - - -
Investments (3,000,000) (3,000,000) (2,000,000)
Other Assets _________- _________- _________-
Net Cash used in Investing Activies (3,000,000) (3,000,000) (2,000,000)
Cash Flow from financing activies

Share Capital Issue - - -
New Funds (other than Share Capita) - - -
Long term Borrowings _________- _________- _________-
Net Cash used in Financing Activies - - -
Net Increase/(decrease) in cash equivalants (4,303,191) (4,638,238) (3,934,145)
Cash and cash equivalents- opening _________10 _________

(4,303,181) _________
(8,941,418)
Cash and cash equivalents- Closing (4,303,181) (8,941,418) (12,875,564)

Year 2 Year 3 Year 4 Year 5
18 24 30 36 42 48 54
24-Months 30-Months 36-Months 42-Months 48-Months 54-Months 60-Months
- - - - - - -
- - - - - - -
1,258,698 1,775,011 1,775,011 (1,298,736) (849,360) (2,469,193) (1,795,128)
_________- _________- _________- _________- _________- _________- _________-
1,258,698 1,775,011 1,775,011 (1,298,736) (849,360) (2,469,193) (1,795,128)
836,001 878,681 923,541 970,691 1,020,248 1,072,335 1,127,081

- - - - - - -
269,133 285,690 303,266 321,923 341,728 362,751 385,067
- - - - - - -
29,904 31,743 33,696 35,769 37,970 40,306 42,785
59,807 63,487 67,392 71,538 75,939 80,611 85,571
29,904 31,743 33,696 35,769 37,970 40,306 42,785
1,027,680
_________ 1,175,702
_________ 1,337,657
_________ 1,355,105
_________ 1,378,656
_________ 1,408,973
_________ 1,446,777
_________
2,252,428 2,467,048 2,699,249 2,790,796 2,892,510 3,005,281 3,130,066
_________ _________ _________ _________ _________ _________ _________
(993,730) (692,037) (924,239) (4,089,532) (3,741,870) (5,474,474) (4,925,194)
_________- _________- _________- _________- _________- _________- _________-

(993,730) (692,037) (924,239) (4,089,532) (3,741,870) (5,474,474) (4,925,194)
12,862,396 14,637,407 16,412,417 12,613,681 9,264,321 4,295,128 -

- - - - - - -
_________- _________- _________- _________- _________- _________- _________-
12,862,396 14,637,407 16,412,417 12,613,681 9,264,321 4,295,128 -
- - - - - - -
_________- _________- _________- _________- _________- _________- _________-
- - - - - - -
17,127,992
_________ 19,595,040
_________ 22,294,289
_________ 22,585,085
_________ 22,977,595
_________ 23,482,876
_________ 24,112,942
_________
17,127,992 19,595,040 22,294,289 22,585,085 22,977,595 23,482,876 24,112,942
_________ _________ _________ _________ _________ _________ _________
(4,265,596)
_________ (4,957,633)
_________ (5,881,872)
_________ (9,971,404)
_________ (13,713,274)
_________ (19,187,748)
_________ (24,112,942)
_________
_________ _________ _________ _________ _________ _________ _________
- - - - - - -
(4,265,604) (4,957,641) (5,881,880) (9,971,412) (13,713,282) (19,187,756) (24,112,950)
_________ 8 _________ 8 _________ 8 _________ 8 _________8 _________8 _________8
(4,265,596) (4,957,633) (5,881,872) (9,971,404) (13,713,274) (19,187,748) (24,112,942)
_________- _________- _________- _________- _________- _________- _________-

(4,265,596)
_________ (4,957,633)
_________ (5,881,872)
_________ (9,971,404)
_________ (13,713,274)
_________ (19,187,748)
_________ (24,112,942)
_________
_________ _________ _________ _________ _________ _________ _________
- - - - - - -
17127992.09 19595039.73 22294289.06 22585084.94 22977595.29 23482876.29 24112942.44
1 1 1 1 1 1 1
(993,730) (692,037) (924,239) (4,089,532) (3,741,870) (5,474,474) (4,925,194)
- - - - - - -
1,258,698
_________ 1,775,011
_________ 1,775,011
_________ (1,298,736)
_________ (849,360) _________
_________ (2,469,193) (1,795,128)
_________
(2,252,428) (2,467,048) (2,699,249) (2,790,796) (2,892,510) (3,005,281) (3,130,066)
_________ - _________ - _________ - _________ - _________- _________- _________-

(2,252,428) (2,467,048) (2,699,249) (2,790,796) (2,892,510) (3,005,281) (3,130,066)
- - - - - - -
(2,000,000) - - 2,500,000 2,500,000 2,500,000 2,500,000
_________ - _________ - _________ - _________ - _________- _________- _________-

(2,000,000) - - 2,500,000 2,500,000 2,500,000 2,500,000
- - - - - - -
- - - - - - -
_________- _________- _________- _________- _________- _________- _________-

- - - - - - -
(4,252,428) (2,467,048) (2,699,249) (290,796) (392,510) (505,281) (630,066)
(12,875,564)
_________ (17,127,992)
_________ (19,595,040)
_________ (22,294,289)
_________ (22,585,085) _________
_________ (22,977,595) (23,482,876)
_________
(17,127,992) (19,595,040) (22,294,289) (22,585,085) (22,977,595) (23,482,876) (24,112,942)
Financial Projections - INT. Lynx
Assumptions sheet - Products
General Assumptions
Number of years 5
Number of periods in a year 12
Number of months in a year 12
Inflation 12% 1%
Growth in Salaries 12% 1%
Calculations Summary
Commisssion based
Commission earned per month
Payment received
Cost Incurred - Direct Labor
Cost Incurred - Overheads
Receivables
Opening
for the period
Paid
Closing Receivables
Retainership Based
Commission earned and received per month
Product Related Assumptions & Calculations

Commission Based
Food (Mitchells, Menu, K&Ns etc.)
Commision rate/ kg 4%
Average Order Size - kgs 100
No. of Orders per month 3
Rate of increase in No. of Orders per month 4%
Average Credit Period - months 4

Average Direct Cost per Order
Direct Labor
Overheads
Calculation
Orders per month - kgs
Payment received in month
Payment received
Receivables
Opening
for the period
Paid
Closing Receivables
Rice / Sugar

Direct Labor 3
Overheads 4
Calculation
Payment received
Receivables
Opening
for the period
Paid
Closing Receivables
Marble

Direct Labor 3
Overheads 4
Calculation
Payment received
Receivables
Opening
for the period
Paid
Closing Receivables
Garments

Direct Labor 3
Overheads 4
Calculation
Payment received
Receivables
Opening
for the period
Paid
Closing Receivables
Medicines & Chemicals


Direct Labor 3
Overheads 4
Calculation
Payment received
Receivables
Opening
for the period
Paid
Closing Receivables
Cement

Direct Labor 3
Overheads 4
Calculation
Payment received
Receivables
Opening
for the period
Paid
Closing Receivables
Industrial products / consumables etc.

Direct Labor 3
Overheads 4
Calculation
Payment received
Receivables
Opening
for the period
Paid
Closing Receivables
Anything that deems appropriate.


Direct Labor 3
Overheads 4
Calculation
Payment received
Receivables
Opening
for the period
Paid
Closing Receivables
Retainership Based
Average Retainership Fee per Client 3
No. of Clients 3
Growth rate in no. of clients 3%
Average Direct Cost per Client

Direct Labor 3
Overheads 4
Calculation
Direct Cost per Client
Direct Labor
Overheads
Rice / Sugar
No. of Clients 3

Direct Labor 3
Overheads 4
Calculation
Direct Labor
Overheads
Marble
No. of Clients 3

Direct Labor 3
Overheads 4
Calculation
Direct Labor
Overheads
Garments
No. of Clients 3

Direct Labor 3
Overheads 4
Calculation
Direct Labor
Overheads

No. of Clients 3

Direct Labor 3
Overheads 4
Calculation
Direct Labor
Overheads
Cement
No. of Clients 3

Direct Labor 3
Overheads 4
Calculation
Direct Labor
Overheads

No. of Clients 3

Direct Labor 3
Overheads 4
Calculation
Direct Labor
Overheads

No. of Clients 3

Direct Labor 3
Overheads 4
Calculation
Direct Labor
Overheads
1 2 3 4 5 6 7 8 9 10
Year 1
0 1 2 3 4 5 6 7 8 9
1 Months 2 Months 3 Months 4 Months 5 Months 6 Months 7 Months 8 Months 9 Months 10 Months
1.00 1.01 1.02 1.03 1.04 1.05 1.06 1.07 1.08 1.09
1.01 1.02 1.03 1.04 1.05 1.06 1.07 1.08 1.09 1.10
96.00 99.84 103.83 107.99 112.31 116.80 121.47 126.33 131.38 136.64
- - 84.00 87.36 102.85 106.97 111.25 115.70 120.33 125.14
63.00 63.00 63.00 63.00 63.00 63.00 63.00 63.00 63.00 63.00
84.00 84.00 84.00 84.00 84.00 84.00 84.00 84.00 84.00 84.00
- 96 196 216 236 246 256 266 276 287

96 100 104 108 112 117 121 126 131 137
- - 84 87 103 107 111 116 120 125
________ ________ ________ ________ ________ ________ ________ ________ ________ ________
96 196 216 236 246 256 266 276 287 299
72 74 76 79 81 83 86 89 91 94
72 72 72 72 72 72 72 72 72 72
96 96 96 96 96 96 96 96 96 96
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
100 100 100 100 100 100 100 100 100 100
3 3 3 3 3 3 3 3 3 3
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
1.00 1.04 1.08 1.12 1.17 1.22 1.27 1.32 1.37 1.42
4 4 4 4 4 4 4 4 4 4
- - - - - - - - - -
- - - - - - - - - -
300 312 324 337 351 365 380 395 411 427
12 12 13 13 14 15 15 16 16 17
5 6 7 8 9 10 11 12 13 14
- - - - 12 12 13 13 14 15
- - - - - - - - - -
- - - - - - - - - -
- 12 24 37 51 53 55 57 60 62
12 12 13 13 14 15 15 16 16 17
- - - - 12 12 13 13 14 15
________ ________ ________ ________ ________ ________ ________ ________ ________ ________
12 24 37 51 53 55 57 60 62 64
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
100 100 100 100 100 100 100 100 100 100
3 3 3 3 3 3 3 3 3 3
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
1.00 1.04 1.08 1.12 1.17 1.22 1.27 1.32 1.37 1.42
2 2 2 2 2 2 2 2 2 2
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
300 312 324 337 351 365 380 395 411 427
12 12 13 13 14 15 15 16 16 17
3 4 5 6 7 8 9 10 11 12
- - 12 12 13 13 14 15 15 16
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
- 12 24 25 26 28 29 30 31 32
12 12 13 13 14 15 15 16 16 17
- ________
________ - ________
12 ________
12 ________
13 ________
13 ________
14 ________
15 ________
15 ________
16
12 24 25 26 28 29 30 31 32 34
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
100 100 100 100 100 100 100 100 100 100
3 3 3 3 3 3 3 3 3 3
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
1.00 1.04 1.08 1.12 1.17 1.22 1.27 1.32 1.37 1.42
2 2 2 2 2 2 2 2 2 2
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
300 312 324 337 351 365 380 395 411 427
12 12 13 13 14 15 15 16 16 17
3 4 5 6 7 8 9 10 11 12
- - 12 12 13 13 14 15 15 16
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
- 12 24 25 26 28 29 30 31 32
12 12 13 13 14 15 15 16 16 17
- ________
________ - ________
12 ________
12 ________
13 ________
13 ________
14 ________
15 ________
15 ________
16
12 24 25 26 28 29 30 31 32 34
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
100 100 100 100 100 100 100 100 100 100
3 3 3 3 3 3 3 3 3 3
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
1.00 1.04 1.08 1.12 1.17 1.22 1.27 1.32 1.37 1.42
2 2 2 2 2 2 2 2 2 2
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
300 312 324 337 351 365 380 395 411 427
12 12 13 13 14 15 15 16 16 17
3 4 5 6 7 8 9 10 11 12
- - 12 12 13 13 14 15 15 16
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
- 12 24 25 26 28 29 30 31 32
12 12 13 13 14 15 15 16 16 17
- ________
________ - ________
12 ________
12 ________
13 ________
13 ________
14 ________
15 ________
15 ________
16
12 24 25 26 28 29 30 31 32 34
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
100 100 100 100 100 100 100 100 100 100
3 3 3 3 3 3 3 3 3 3
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
1.00 1.04 1.08 1.12 1.17 1.22 1.27 1.32 1.37 1.42
2 2 2 2 2 2 2 2 2 2
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
300 312 324 337 351 365 380 395 411 427
12 12 13 13 14 15 15 16 16 17
3 4 5 6 7 8 9 10 11 12
- - 12 12 13 13 14 15 15 16
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
- 12 24 25 26 28 29 30 31 32
12 12 13 13 14 15 15 16 16 17
- ________
________ - ________
12 ________
12 ________
13 ________
13 ________
14 ________
15 ________
15 ________
16
12 24 25 26 28 29 30 31 32 34
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
100 100 100 100 100 100 100 100 100 100
3 3 3 3 3 3 3 3 3 3
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
1.00 1.04 1.08 1.12 1.17 1.22 1.27 1.32 1.37 1.42
2 2 2 2 2 2 2 2 2 2
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
300 312 324 337 351 365 380 395 411 427
12 12 13 13 14 15 15 16 16 17
3 4 5 6 7 8 9 10 11 12
- - 12 12 13 13 14 15 15 16
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
- 12 24 25 26 28 29 30 31 32
12 12 13 13 14 15 15 16 16 17
- ________
________ - ________
12 ________
12 ________
13 ________
13 ________
14 ________
15 ________
15 ________
16
12 24 25 26 28 29 30 31 32 34
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
100 100 100 100 100 100 100 100 100 100
3 3 3 3 3 3 3 3 3 3
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
1.00 1.04 1.08 1.12 1.17 1.22 1.27 1.32 1.37 1.42
2 2 2 2 2 2 2 2 2 2
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
300 312 324 337 351 365 380 395 411 427
12 12 13 13 14 15 15 16 16 17
3 4 5 6 7 8 9 10 11 12
- - 12 12 13 13 14 15 15 16
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
- 12 24 25 26 28 29 30 31 32
12 12 13 13 14 15 15 16 16 17
- ________
________ - ________
12 ________
12 ________
13 ________
13 ________
14 ________
15 ________
15 ________
16
12 24 25 26 28 29 30 31 32 34
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
100 100 100 100 100 100 100 100 100 100
3 3 3 3 3 3 3 3 3 3
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
1.00 1.04 1.08 1.12 1.17 1.22 1.27 1.32 1.37 1.42
2 2 2 2 2 2 2 2 2 2
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
300 312 324 337 351 365 380 395 411 427
12 12 13 13 14 15 15 16 16 17
3 4 5 6 7 8 9 10 11 12
- - 12 12 13 13 14 15 15 16
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
- 12 24 25 26 28 29 30 31 32
12 12 13 13 14 15 15 16 16 17
- ________
________ - ________
12 ________
12 ________
13 ________
13 ________
14 ________
15 ________
15 ________
16
12 24 25 26 28 29 30 31 32 34
3 3 3 3 3 3 3 3 3 3
3 3 3 3 3 3 3 3 3 3
3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
1.00 1.03 1.06 1.09 1.13 1.16 1.19 1.23 1.27 1.30
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
9 9 10 10 10 10 11 11 11 12
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
3 3 3 3 3 3 3 3 3 3
3 3 3 3 3 3 3 3 3 3
3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
1.00 1.03 1.06 1.09 1.13 1.16 1.19 1.23 1.27 1.30
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
9 9 10 10 10 10 11 11 11 12
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
3 3 3 3 3 3 3 3 3 3
3 3 3 3 3 3 3 3 3 3
3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
1.00 1.03 1.06 1.09 1.13 1.16 1.19 1.23 1.27 1.30
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
9 9 10 10 10 10 11 11 11 12
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
3 3 3 3 3 3 3 3 3 3
3 3 3 3 3 3 3 3 3 3
3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
1.00 1.03 1.06 1.09 1.13 1.16 1.19 1.23 1.27 1.30
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
9 9 10 10 10 10 11 11 11 12
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
3 3 3 3 3 3 3 3 3 3
3 3 3 3 3 3 3 3 3 3
3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
1.00 1.03 1.06 1.09 1.13 1.16 1.19 1.23 1.27 1.30
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
9 9 10 10 10 10 11 11 11 12
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
3 3 3 3 3 3 3 3 3 3
3 3 3 3 3 3 3 3 3 3
3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
1.00 1.03 1.06 1.09 1.13 1.16 1.19 1.23 1.27 1.30
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
9 9 10 10 10 10 11 11 11 12
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
3 3 3 3 3 3 3 3 3 3
3 3 3 3 3 3 3 3 3 3
3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
1.00 1.03 1.06 1.09 1.13 1.16 1.19 1.23 1.27 1.30
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
9 9 10 10 10 10 11 11 11 12
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
3 3 3 3 3 3 3 3 3 3
3 3 3 3 3 3 3 3 3 3
3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
1.00 1.03 1.06 1.09 1.13 1.16 1.19 1.23 1.27 1.30
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
9 9 10 10 10 10 11 11 11 12
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
11 12 13 14 15 16 17 18 19 20
Year 2
10 11 12 13 14 15 16 17 18 19
1.10 1.12 1.13 1.14 1.15 1.16 1.17 1.18 1.20 1.21
1.12 1.13 1.14 1.15 1.16 1.17 1.18 1.20 1.21 1.22
142.10 147.79 153.70 159.85 166.24 172.89 179.81 187.00 194.48 202.26
130.14 135.35 140.76 146.39 152.25 158.34 164.67 171.26 178.11 185.23
63.00 63.00 63.00 63.00 63.00 63.00 63.00 63.00 63.00 63.00
84.00 84.00 84.00 84.00 84.00 84.00 84.00 84.00 84.00 84.00
299 311 323 336 350 364 378 393 409 426
142 148 154 160 166 173 180 187 194 202
130 135 141 146 152 158 165 171 178 185
________ ________ ________ ________ ________ ________ ________ ________ ________ ________
311 323 336 350 364 378 393 409 426 443
97 100 103 106 109 112 116 119 123 126

72 72 72 72 72 72 72 72 72 72
96 96 96 96 96 96 96 96 96 96
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
100 100 100 100 100 100 100 100 100 100
3 3 3 3 3 3 3 3 3 3
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
1.48 1.54 1.60 1.67 1.73 1.80 1.87 1.95 2.03 2.11
4 4 4 4 4 4 4 4 4 4
- - - - - - - - - -
- - - - - - - - - -
444 462 480 500 520 540 562 584 608 632
18 18 19 20 21 22 22 23 24 25
15 16 17 18 19 20 21 22 23 24
15 16 16 17 18 18 19 20 21 22
- - - - - - - - - -
- - - - - - - - - -
64 67 70 73 75 78 82 85 88 92
18 18 19 20 21 22 22 23 24 25
15 16 16 17 18 18 19 20 21 22
________ ________ ________ ________ ________ ________ ________ ________ ________ ________
67 70 73 75 78 82 85 88 92 95
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
100 100 100 100 100 100 100 100 100 100
3 3 3 3 3 3 3 3 3 3
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
1.48 1.54 1.60 1.67 1.73 1.80 1.87 1.95 2.03 2.11
2 2 2 2 2 2 2 2 2 2
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
444 462 480 500 520 540 562 584 608 632
18 18 19 20 21 22 22 23 24 25
13 14 15 16 17 18 19 20 21 22
16 17 18 18 19 20 21 22 22 23
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
34 35 36 38 39 41 42 44 46 48
18 18 19 20 21 22 22 23 24 25
16 ________
________ 17 ________
18 ________
18 ________
19 ________
20 ________
21 ________
22 ________
22 ________
23
35 36 38 39 41 42 44 46 48 50
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
100 100 100 100 100 100 100 100 100 100
3 3 3 3 3 3 3 3 3 3
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
1.48 1.54 1.60 1.67 1.73 1.80 1.87 1.95 2.03 2.11
2 2 2 2 2 2 2 2 2 2
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
444 462 480 500 520 540 562 584 608 632
18 18 19 20 21 22 22 23 24 25
13 14 15 16 17 18 19 20 21 22
16 17 18 18 19 20 21 22 22 23
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
34 35 36 38 39 41 42 44 46 48
18 18 19 20 21 22 22 23 24 25
16 ________
________ 17 ________
18 ________
18 ________
19 ________
20 ________
21 ________
22 ________
22 ________
23
35 36 38 39 41 42 44 46 48 50
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
100 100 100 100 100 100 100 100 100 100
3 3 3 3 3 3 3 3 3 3
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
1.48 1.54 1.60 1.67 1.73 1.80 1.87 1.95 2.03 2.11
2 2 2 2 2 2 2 2 2 2
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
444 462 480 500 520 540 562 584 608 632
18 18 19 20 21 22 22 23 24 25
13 14 15 16 17 18 19 20 21 22
16 17 18 18 19 20 21 22 22 23
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
34 35 36 38 39 41 42 44 46 48
18 18 19 20 21 22 22 23 24 25
16 ________
________ 17 ________
18 ________
18 ________
19 ________
20 ________
21 ________
22 ________
22 ________
23
35 36 38 39 41 42 44 46 48 50
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
100 100 100 100 100 100 100 100 100 100
3 3 3 3 3 3 3 3 3 3
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
1.48 1.54 1.60 1.67 1.73 1.80 1.87 1.95 2.03 2.11
2 2 2 2 2 2 2 2 2 2
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
444 462 480 500 520 540 562 584 608 632
18 18 19 20 21 22 22 23 24 25
13 14 15 16 17 18 19 20 21 22
16 17 18 18 19 20 21 22 22 23
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
34 35 36 38 39 41 42 44 46 48
18 18 19 20 21 22 22 23 24 25
16 ________
________ 17 ________
18 ________
18 ________
19 ________
20 ________
21 ________
22 ________
22 ________
23
35 36 38 39 41 42 44 46 48 50
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
100 100 100 100 100 100 100 100 100 100
3 3 3 3 3 3 3 3 3 3
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
1.48 1.54 1.60 1.67 1.73 1.80 1.87 1.95 2.03 2.11
2 2 2 2 2 2 2 2 2 2
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
444 462 480 500 520 540 562 584 608 632
18 18 19 20 21 22 22 23 24 25
13 14 15 16 17 18 19 20 21 22
16 17 18 18 19 20 21 22 22 23
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
34 35 36 38 39 41 42 44 46 48
18 18 19 20 21 22 22 23 24 25
16 ________
________ 17 ________
18 ________
18 ________
19 ________
20 ________
21 ________
22 ________
22 ________
23
35 36 38 39 41 42 44 46 48 50
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
100 100 100 100 100 100 100 100 100 100
3 3 3 3 3 3 3 3 3 3
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
1.48 1.54 1.60 1.67 1.73 1.80 1.87 1.95 2.03 2.11
2 2 2 2 2 2 2 2 2 2
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
444 462 480 500 520 540 562 584 608 632
18 18 19 20 21 22 22 23 24 25
13 14 15 16 17 18 19 20 21 22
16 17 18 18 19 20 21 22 22 23
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
34 35 36 38 39 41 42 44 46 48
18 18 19 20 21 22 22 23 24 25
16 ________
________ 17 ________
18 ________
18 ________
19 ________
20 ________
21 ________
22 ________
22 ________
23
35 36 38 39 41 42 44 46 48 50
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
100 100 100 100 100 100 100 100 100 100
3 3 3 3 3 3 3 3 3 3
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
1.48 1.54 1.60 1.67 1.73 1.80 1.87 1.95 2.03 2.11
2 2 2 2 2 2 2 2 2 2
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
444 462 480 500 520 540 562 584 608 632
18 18 19 20 21 22 22 23 24 25
13 14 15 16 17 18 19 20 21 22
16 17 18 18 19 20 21 22 22 23
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
34 35 36 38 39 41 42 44 46 48
18 18 19 20 21 22 22 23 24 25
16 ________
________ 17 ________
18 ________
18 ________
19 ________
20 ________
21 ________
22 ________
22 ________
23
35 36 38 39 41 42 44 46 48 50
3 3 3 3 3 3 3 3 3 3
3 3 3 3 3 3 3 3 3 3
3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
1.34 1.38 1.43 1.47 1.51 1.56 1.60 1.65 1.70 1.75
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
12 12 13 13 14 14 14 15 15 16
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
3 3 3 3 3 3 3 3 3 3
3 3 3 3 3 3 3 3 3 3
3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
1.34 1.38 1.43 1.47 1.51 1.56 1.60 1.65 1.70 1.75
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
12 12 13 13 14 14 14 15 15 16
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
3 3 3 3 3 3 3 3 3 3
3 3 3 3 3 3 3 3 3 3
3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
1.34 1.38 1.43 1.47 1.51 1.56 1.60 1.65 1.70 1.75
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
12 12 13 13 14 14 14 15 15 16
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
3 3 3 3 3 3 3 3 3 3
3 3 3 3 3 3 3 3 3 3
3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
1.34 1.38 1.43 1.47 1.51 1.56 1.60 1.65 1.70 1.75
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
12 12 13 13 14 14 14 15 15 16
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
3 3 3 3 3 3 3 3 3 3
3 3 3 3 3 3 3 3 3 3
3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
1.34 1.38 1.43 1.47 1.51 1.56 1.60 1.65 1.70 1.75
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
12 12 13 13 14 14 14 15 15 16
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
3 3 3 3 3 3 3 3 3 3
3 3 3 3 3 3 3 3 3 3
3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
1.34 1.38 1.43 1.47 1.51 1.56 1.60 1.65 1.70 1.75
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
12 12 13 13 14 14 14 15 15 16
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
3 3 3 3 3 3 3 3 3 3
3 3 3 3 3 3 3 3 3 3
3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
1.34 1.38 1.43 1.47 1.51 1.56 1.60 1.65 1.70 1.75
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
12 12 13 13 14 14 14 15 15 16
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
3 3 3 3 3 3 3 3 3 3
3 3 3 3 3 3 3 3 3 3
3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
1.34 1.38 1.43 1.47 1.51 1.56 1.60 1.65 1.70 1.75
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
12 12 13 13 14 14 14 15 15 16
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
21 22 23 24 25 26 27 28 29 30
Year 3
20 21 22 23 24 25 26 27 28 29
1.22 1.23 1.24 1.26 1.27 1.28 1.30 1.31 1.32 1.33
1.23 1.24 1.26 1.27 1.28 1.30 1.31 1.32 1.33 1.35
210.35 218.76 227.51 236.61 246.08 255.92 266.16 276.80 287.88 299.39
192.64 200.35 208.36 216.70 225.37 234.38 243.76 253.51 263.65 274.19
63.00 63.00 63.00 63.00 63.00 63.00 63.00 63.00 63.00 63.00
84.00 84.00 84.00 84.00 84.00 84.00 84.00 84.00 84.00 84.00
443 460 479 498 518 538 560 582 606 630
210 219 228 237 246 256 266 277 288 299
193 200 208 217 225 234 244 254 264 274
________ ________ ________ ________ ________ ________ ________ ________ ________ ________
460 479 498 518 538 560 582 606 630 655
130 134 138 142 146 151 155 160 165 170
72 72 72 72 72 72 72 72 72 72
96 96 96 96 96 96 96 96 96 96
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
100 100 100 100 100 100 100 100 100 100
3 3 3 3 3 3 3 3 3 3
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
2.19 2.28 2.37 2.46 2.56 2.67 2.77 2.88 3.00 3.12
4 4 4 4 4 4 4 4 4 4
- - - - - - - - - -
- - - - - - - - - -
657 684 711 739 769 800 832 865 900 936
26 27 28 30 31 32 33 35 36 37
25 26 27 28 29 30 31 32 33 34
22 23 24 25 26 27 28 30 31 32
- - - - - - - - - -
- - - - - - - - - -
95 99 103 107 112 116 121 126 131 136

26 27 28 30 31 32 33 35 36 37
22 23 24 25 26 27 28 30 31 32
________ ________ ________ ________ ________ ________ ________ ________ ________ ________
99 103 107 112 116 121 126 131 136 141
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
100 100 100 100 100 100 100 100 100 100
3 3 3 3 3 3 3 3 3 3
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
2.19 2.28 2.37 2.46 2.56 2.67 2.77 2.88 3.00 3.12
2 2 2 2 2 2 2 2 2 2
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
657 684 711 739 769 800 832 865 900 936
26 27 28 30 31 32 33 35 36 37
23 24 25 26 27 28 29 30 31 32
24 25 26 27 28 30 31 32 33 35
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
50 52 54 56 58 60 63 65 68 71
26 27 28 30 31 32 33 35 36 37
24 ________
________ 25 ________
26 ________
27 ________
28 ________
30 ________
31 ________
32 ________
33 ________
35
52 54 56 58 60 63 65 68 71 73
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
100 100 100 100 100 100 100 100 100 100
3 3 3 3 3 3 3 3 3 3
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
2.19 2.28 2.37 2.46 2.56 2.67 2.77 2.88 3.00 3.12
2 2 2 2 2 2 2 2 2 2
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
657 684 711 739 769 800 832 865 900 936
26 27 28 30 31 32 33 35 36 37
23 24 25 26 27 28 29 30 31 32
24 25 26 27 28 30 31 32 33 35
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
50 52 54 56 58 60 63 65 68 71
26 27 28 30 31 32 33 35 36 37
24 ________
________ 25 ________
26 ________
27 ________
28 ________
30 ________
31 ________
32 ________
33 ________
35
52 54 56 58 60 63 65 68 71 73
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
100 100 100 100 100 100 100 100 100 100
3 3 3 3 3 3 3 3 3 3
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
2.19 2.28 2.37 2.46 2.56 2.67 2.77 2.88 3.00 3.12
2 2 2 2 2 2 2 2 2 2
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
657 684 711 739 769 800 832 865 900 936
26 27 28 30 31 32 33 35 36 37
23 24 25 26 27 28 29 30 31 32
24 25 26 27 28 30 31 32 33 35
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
50 52 54 56 58 60 63 65 68 71
26 27 28 30 31 32 33 35 36 37
24 ________
________ 25 ________
26 ________
27 ________
28 ________
30 ________
31 ________
32 ________
33 ________
35
52 54 56 58 60 63 65 68 71 73
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
100 100 100 100 100 100 100 100 100 100
3 3 3 3 3 3 3 3 3 3
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
2.19 2.28 2.37 2.46 2.56 2.67 2.77 2.88 3.00 3.12
2 2 2 2 2 2 2 2 2 2
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
657 684 711 739 769 800 832 865 900 936
26 27 28 30 31 32 33 35 36 37
23 24 25 26 27 28 29 30 31 32
24 25 26 27 28 30 31 32 33 35
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
50 52 54 56 58 60 63 65 68 71
26 27 28 30 31 32 33 35 36 37
24 ________
________ 25 ________
26 ________
27 ________
28 ________
30 ________
31 ________
32 ________
33 ________
35
52 54 56 58 60 63 65 68 71 73
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
100 100 100 100 100 100 100 100 100 100
3 3 3 3 3 3 3 3 3 3
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
2.19 2.28 2.37 2.46 2.56 2.67 2.77 2.88 3.00 3.12
2 2 2 2 2 2 2 2 2 2
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
657 684 711 739 769 800 832 865 900 936
26 27 28 30 31 32 33 35 36 37
23 24 25 26 27 28 29 30 31 32
24 25 26 27 28 30 31 32 33 35
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
50 52 54 56 58 60 63 65 68 71
26 27 28 30 31 32 33 35 36 37
24 ________
________ 25 ________
26 ________
27 ________
28 ________
30 ________
31 ________
32 ________
33 ________
35
52 54 56 58 60 63 65 68 71 73
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
100 100 100 100 100 100 100 100 100 100
3 3 3 3 3 3 3 3 3 3
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
2.19 2.28 2.37 2.46 2.56 2.67 2.77 2.88 3.00 3.12
2 2 2 2 2 2 2 2 2 2
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
657 684 711 739 769 800 832 865 900 936
26 27 28 30 31 32 33 35 36 37
23 24 25 26 27 28 29 30 31 32
24 25 26 27 28 30 31 32 33 35
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
50 52 54 56 58 60 63 65 68 71
26 27 28 30 31 32 33 35 36 37
24 ________
________ 25 ________
26 ________
27 ________
28 ________
30 ________
31 ________
32 ________
33 ________
35
52 54 56 58 60 63 65 68 71 73
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
100 100 100 100 100 100 100 100 100 100
3 3 3 3 3 3 3 3 3 3
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
2.19 2.28 2.37 2.46 2.56 2.67 2.77 2.88 3.00 3.12
2 2 2 2 2 2 2 2 2 2
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
657 684 711 739 769 800 832 865 900 936
26 27 28 30 31 32 33 35 36 37
23 24 25 26 27 28 29 30 31 32
24 25 26 27 28 30 31 32 33 35
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
50 52 54 56 58 60 63 65 68 71
26 27 28 30 31 32 33 35 36 37
24 ________
________ 25 ________
26 ________
27 ________
28 ________
30 ________
31 ________
32 ________
33 ________
35
52 54 56 58 60 63 65 68 71 73
3 3 3 3 3 3 3 3 3 3
3 3 3 3 3 3 3 3 3 3
3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
1.81 1.86 1.92 1.97 2.03 2.09 2.16 2.22 2.29 2.36
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
16 17 17 18 18 19 19 20 21 21
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
3 3 3 3 3 3 3 3 3 3
3 3 3 3 3 3 3 3 3 3
3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
1.81 1.86 1.92 1.97 2.03 2.09 2.16 2.22 2.29 2.36
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
16 17 17 18 18 19 19 20 21 21
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
3 3 3 3 3 3 3 3 3 3
3 3 3 3 3 3 3 3 3 3
3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
1.81 1.86 1.92 1.97 2.03 2.09 2.16 2.22 2.29 2.36
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
16 17 17 18 18 19 19 20 21 21
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
3 3 3 3 3 3 3 3 3 3
3 3 3 3 3 3 3 3 3 3
3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
1.81 1.86 1.92 1.97 2.03 2.09 2.16 2.22 2.29 2.36
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
16 17 17 18 18 19 19 20 21 21
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
3 3 3 3 3 3 3 3 3 3
3 3 3 3 3 3 3 3 3 3
3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
1.81 1.86 1.92 1.97 2.03 2.09 2.16 2.22 2.29 2.36
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
16 17 17 18 18 19 19 20 21 21
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
3 3 3 3 3 3 3 3 3 3
3 3 3 3 3 3 3 3 3 3
3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
1.81 1.86 1.92 1.97 2.03 2.09 2.16 2.22 2.29 2.36
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
16 17 17 18 18 19 19 20 21 21
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
3 3 3 3 3 3 3 3 3 3
3 3 3 3 3 3 3 3 3 3
3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
1.81 1.86 1.92 1.97 2.03 2.09 2.16 2.22 2.29 2.36
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
16 17 17 18 18 19 19 20 21 21
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
3 3 3 3 3 3 3 3 3 3
3 3 3 3 3 3 3 3 3 3
3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
1.81 1.86 1.92 1.97 2.03 2.09 2.16 2.22 2.29 2.36
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
16 17 17 18 18 19 19 20 21 21
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
31 32 33 34 35 36 37 38 39 40
Year 3
30 31 32 33 34 35 36 37 38 39
1.35 1.36 1.37 1.39 1.40 1.42 1.43 1.45 1.46 1.47
1.36 1.37 1.39 1.40 1.42 1.43 1.45 1.46 1.47 1.49
311.37 323.82 336.77 350.24 364.25 378.82 393.98 409.74 426.13 443.17
285.16 296.57 308.43 320.77 333.60 346.94 360.82 375.25 390.26 405.87
63.00 63.00 63.00 63.00 63.00 63.00 63.00 63.00 63.00 63.00
84.00 84.00 84.00 84.00 84.00 84.00 84.00 84.00 84.00 84.00
655 681 709 737 766 797 829 862 897 932
311 324 337 350 364 379 394 410 426 443
285 297 308 321 334 347 361 375 390 406
________ ________ ________ ________ ________ ________ ________ ________ ________ ________
681 709 737 766 797 829 862 897 932 970
175 180 185 191 197 203 209 215 221 228
72 72 72 72 72 72 72 72 72 72
96 96 96 96 96 96 96 96 96 96
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
100 100 100 100 100 100 100 100 100 100
3 3 3 3 3 3 3 3 3 3
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
3.24 3.37 3.51 3.65 3.79 3.95 4.10 4.27 4.44 4.62
4 4 4 4 4 4 4 4 4 4
- - - - - - - - - -
- - - - - - - - - -
973 1,012 1,052 1,095 1,138 1,184 1,231 1,280 1,332 1,385
39 40 42 44 46 47 49 51 53 55
35 36 37 38 39 40 41 42 43 44
33 35 36 37 39 40 42 44 46 47
- - - - - - - - - -
- - - - - - - - - -
141 147 153 159 165 172 179 186 193 201
39 40 42 44 46 47 49 51 53 55
33 35 36 37 39 40 42 44 46 47
________ ________ ________ ________ ________ ________ ________ ________ ________ ________
147 153 159 165 172 179 186 193 201 209
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
100 100 100 100 100 100 100 100 100 100
3 3 3 3 3 3 3 3 3 3
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
3.24 3.37 3.51 3.65 3.79 3.95 4.10 4.27 4.44 4.62
2 2 2 2 2 2 2 2 2 2
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
973 1,012 1,052 1,095 1,138 1,184 1,231 1,280 1,332 1,385
39 40 42 44 46 47 49 51 53 55
33 34 35 36 37 38 39 40 41 42
36 37 39 40 42 44 46 47 49 51
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
73 76 79 83 86 89 93 97 100 104
39 40 42 44 46 47 49 51 53 55
36 ________
________ 37 ________
39 ________
40 ________
42 ________
44 ________
46 ________
47 ________
49 ________
51
76 79 83 86 89 93 97 100 104 109
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
100 100 100 100 100 100 100 100 100 100
3 3 3 3 3 3 3 3 3 3
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
3.24 3.37 3.51 3.65 3.79 3.95 4.10 4.27 4.44 4.62
2 2 2 2 2 2 2 2 2 2
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
973 1,012 1,052 1,095 1,138 1,184 1,231 1,280 1,332 1,385
39 40 42 44 46 47 49 51 53 55
33 34 35 36 37 38 39 40 41 42
36 37 39 40 42 44 46 47 49 51
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
73 76 79 83 86 89 93 97 100 104
39 40 42 44 46 47 49 51 53 55
36 ________
________ 37 ________
39 ________
40 ________
42 ________
44 ________
46 ________
47 ________
49 ________
51
76 79 83 86 89 93 97 100 104 109
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
100 100 100 100 100 100 100 100 100 100
3 3 3 3 3 3 3 3 3 3
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
3.24 3.37 3.51 3.65 3.79 3.95 4.10 4.27 4.44 4.62
2 2 2 2 2 2 2 2 2 2
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
973 1,012 1,052 1,095 1,138 1,184 1,231 1,280 1,332 1,385
39 40 42 44 46 47 49 51 53 55
33 34 35 36 37 38 39 40 41 42
36 37 39 40 42 44 46 47 49 51
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
73 76 79 83 86 89 93 97 100 104
39 40 42 44 46 47 49 51 53 55
36 ________
________ 37 ________
39 ________
40 ________
42 ________
44 ________
46 ________
47 ________
49 ________
51
76 79 83 86 89 93 97 100 104 109
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
100 100 100 100 100 100 100 100 100 100
3 3 3 3 3 3 3 3 3 3
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
3.24 3.37 3.51 3.65 3.79 3.95 4.10 4.27 4.44 4.62
2 2 2 2 2 2 2 2 2 2
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
973 1,012 1,052 1,095 1,138 1,184 1,231 1,280 1,332 1,385
39 40 42 44 46 47 49 51 53 55
33 34 35 36 37 38 39 40 41 42
36 37 39 40 42 44 46 47 49 51
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
73 76 79 83 86 89 93 97 100 104
39 40 42 44 46 47 49 51 53 55
36 ________
________ 37 ________
39 ________
40 ________
42 ________
44 ________
46 ________
47 ________
49 ________
51
76 79 83 86 89 93 97 100 104 109
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
100 100 100 100 100 100 100 100 100 100
3 3 3 3 3 3 3 3 3 3
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
3.24 3.37 3.51 3.65 3.79 3.95 4.10 4.27 4.44 4.62
2 2 2 2 2 2 2 2 2 2
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
973 1,012 1,052 1,095 1,138 1,184 1,231 1,280 1,332 1,385
39 40 42 44 46 47 49 51 53 55
33 34 35 36 37 38 39 40 41 42
36 37 39 40 42 44 46 47 49 51
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
73 76 79 83 86 89 93 97 100 104
39 40 42 44 46 47 49 51 53 55
36 ________
________ 37 ________
39 ________
40 ________
42 ________
44 ________
46 ________
47 ________
49 ________
51
76 79 83 86 89 93 97 100 104 109
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
100 100 100 100 100 100 100 100 100 100
3 3 3 3 3 3 3 3 3 3
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
3.24 3.37 3.51 3.65 3.79 3.95 4.10 4.27 4.44 4.62
2 2 2 2 2 2 2 2 2 2
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
973 1,012 1,052 1,095 1,138 1,184 1,231 1,280 1,332 1,385
39 40 42 44 46 47 49 51 53 55
33 34 35 36 37 38 39 40 41 42
36 37 39 40 42 44 46 47 49 51
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
73 76 79 83 86 89 93 97 100 104
39 40 42 44 46 47 49 51 53 55
36 ________
________ 37 ________
39 ________
40 ________
42 ________
44 ________
46 ________
47 ________
49 ________
51
76 79 83 86 89 93 97 100 104 109
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
100 100 100 100 100 100 100 100 100 100
3 3 3 3 3 3 3 3 3 3
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
3.24 3.37 3.51 3.65 3.79 3.95 4.10 4.27 4.44 4.62
2 2 2 2 2 2 2 2 2 2
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
973 1,012 1,052 1,095 1,138 1,184 1,231 1,280 1,332 1,385
39 40 42 44 46 47 49 51 53 55
33 34 35 36 37 38 39 40 41 42
36 37 39 40 42 44 46 47 49 51
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
73 76 79 83 86 89 93 97 100 104
39 40 42 44 46 47 49 51 53 55
36 ________
________ 37 ________
39 ________
40 ________
42 ________
44 ________
46 ________
47 ________
49 ________
51
76 79 83 86 89 93 97 100 104 109
3 3 3 3 3 3 3 3 3 3
3 3 3 3 3 3 3 3 3 3
3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
2.43 2.50 2.58 2.65 2.73 2.81 2.90 2.99 3.07 3.17
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
22 23 23 24 25 25 26 27 28 29
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
3 3 3 3 3 3 3 3 3 3
3 3 3 3 3 3 3 3 3 3
3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
2.43 2.50 2.58 2.65 2.73 2.81 2.90 2.99 3.07 3.17
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
22 23 23 24 25 25 26 27 28 29
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
3 3 3 3 3 3 3 3 3 3
3 3 3 3 3 3 3 3 3 3
3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
2.43 2.50 2.58 2.65 2.73 2.81 2.90 2.99 3.07 3.17
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
22 23 23 24 25 25 26 27 28 29
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
3 3 3 3 3 3 3 3 3 3
3 3 3 3 3 3 3 3 3 3
3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
2.43 2.50 2.58 2.65 2.73 2.81 2.90 2.99 3.07 3.17
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
22 23 23 24 25 25 26 27 28 29
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
3 3 3 3 3 3 3 3 3 3
3 3 3 3 3 3 3 3 3 3
3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
2.43 2.50 2.58 2.65 2.73 2.81 2.90 2.99 3.07 3.17
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
22 23 23 24 25 25 26 27 28 29
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
3 3 3 3 3 3 3 3 3 3
3 3 3 3 3 3 3 3 3 3
3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
2.43 2.50 2.58 2.65 2.73 2.81 2.90 2.99 3.07 3.17
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
22 23 23 24 25 25 26 27 28 29
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
3 3 3 3 3 3 3 3 3 3
3 3 3 3 3 3 3 3 3 3
3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
2.43 2.50 2.58 2.65 2.73 2.81 2.90 2.99 3.07 3.17
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
22 23 23 24 25 25 26 27 28 29
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
3 3 3 3 3 3 3 3 3 3
3 3 3 3 3 3 3 3 3 3
3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
2.43 2.50 2.58 2.65 2.73 2.81 2.90 2.99 3.07 3.17
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
22 23 23 24 25 25 26 27 28 29
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
41 42 43 44 45 46 47 48 49 50
Year 4
40 41 42 43 44 45 46 47 48 49
1.49 1.50 1.52 1.53 1.55 1.56 1.58 1.60 1.61 1.63
1.50 1.52 1.53 1.55 1.56 1.58 1.60 1.61 1.63 1.64
460.90 479.33 498.51 518.45 539.19 560.75 583.18 606.51 630.77 656.00
422.11 438.99 456.55 474.81 493.81 513.56 534.10 555.46 577.68 600.79
63.00 63.00 63.00 63.00 63.00 63.00 63.00 63.00 63.00 63.00
84.00 84.00 84.00 84.00 84.00 84.00 84.00 84.00 84.00 84.00
970 1,009 1,049 1,091 1,134 1,180 1,227 1,276 1,327 1,380
461 479 499 518 539 561 583 607 631 656
422 439 457 475 494 514 534 555 578 601
________ ________ ________ ________ ________ ________ ________ ________ ________ ________
1,009 1,049 1,091 1,134 1,180 1,227 1,276 1,327 1,380 1,435
235 242 249 257 264 272 280 289 298 306
72 72 72 72 72 72 72 72 72 72
96 96 96 96 96 96 96 96 96 96
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
100 100 100 100 100 100 100 100 100 100
3 3 3 3 3 3 3 3 3 3
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
4.80 4.99 5.19 5.40 5.62 5.84 6.07 6.32 6.57 6.83
4 4 4 4 4 4 4 4 4 4
- - - - - - - - - -
- - - - - - - - - -
1,440 1,498 1,558 1,620 1,685 1,752 1,822 1,895 1,971 2,050
58 60 62 65 67 70 73 76 79 82
45 46 47 48 49 50 51 52 53 54
49 51 53 55 58 60 62 65 67 70
- - - - - - - - - -
- - - - - - - - - -
209 217 226 235 245 254 265 275 286 298
58 60 62 65 67 70 73 76 79 82
49 51 53 55 58 60 62 65 67 70
________ ________ ________ ________ ________ ________ ________ ________ ________ ________
217 226 235 245 254 265 275 286 298 310
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
100 100 100 100 100 100 100 100 100 100
3 3 3 3 3 3 3 3 3 3
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
4.80 4.99 5.19 5.40 5.62 5.84 6.07 6.32 6.57 6.83
2 2 2 2 2 2 2 2 2 2
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
1,440 1,498 1,558 1,620 1,685 1,752 1,822 1,895 1,971 2,050
58 60 62 65 67 70 73 76 79 82
43 44 45 46 47 48 49 50 51 52
53 55 58 60 62 65 67 70 73 76
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
109 113 118 122 127 132 137 143 149 155
58 60 62 65 67 70 73 76 79 82
53 ________
________ 55 ________
58 ________
60 ________
62 ________
65 ________
67 ________
70 ________
73 ________
76
113 118 122 127 132 137 143 149 155 161
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
100 100 100 100 100 100 100 100 100 100
3 3 3 3 3 3 3 3 3 3
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
4.80 4.99 5.19 5.40 5.62 5.84 6.07 6.32 6.57 6.83
2 2 2 2 2 2 2 2 2 2
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
1,440 1,498 1,558 1,620 1,685 1,752 1,822 1,895 1,971 2,050
58 60 62 65 67 70 73 76 79 82
43 44 45 46 47 48 49 50 51 52
53 55 58 60 62 65 67 70 73 76
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
109 113 118 122 127 132 137 143 149 155
58 60 62 65 67 70 73 76 79 82
53 ________
________ 55 ________
58 ________
60 ________
62 ________
65 ________
67 ________
70 ________
73 ________
76
113 118 122 127 132 137 143 149 155 161
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
100 100 100 100 100 100 100 100 100 100
3 3 3 3 3 3 3 3 3 3
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
4.80 4.99 5.19 5.40 5.62 5.84 6.07 6.32 6.57 6.83
2 2 2 2 2 2 2 2 2 2
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
1,440 1,498 1,558 1,620 1,685 1,752 1,822 1,895 1,971 2,050
58 60 62 65 67 70 73 76 79 82
43 44 45 46 47 48 49 50 51 52
53 55 58 60 62 65 67 70 73 76
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
109 113 118 122 127 132 137 143 149 155
58 60 62 65 67 70 73 76 79 82
53 ________
________ 55 ________
58 ________
60 ________
62 ________
65 ________
67 ________
70 ________
73 ________
76
113 118 122 127 132 137 143 149 155 161
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
100 100 100 100 100 100 100 100 100 100
3 3 3 3 3 3 3 3 3 3
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
4.80 4.99 5.19 5.40 5.62 5.84 6.07 6.32 6.57 6.83
2 2 2 2 2 2 2 2 2 2
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
1,440 1,498 1,558 1,620 1,685 1,752 1,822 1,895 1,971 2,050
58 60 62 65 67 70 73 76 79 82
43 44 45 46 47 48 49 50 51 52
53 55 58 60 62 65 67 70 73 76
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
109 113 118 122 127 132 137 143 149 155
58 60 62 65 67 70 73 76 79 82
53 ________
________ 55 ________
58 ________
60 ________
62 ________
65 ________
67 ________
70 ________
73 ________
76
113 118 122 127 132 137 143 149 155 161
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
100 100 100 100 100 100 100 100 100 100
3 3 3 3 3 3 3 3 3 3
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
4.80 4.99 5.19 5.40 5.62 5.84 6.07 6.32 6.57 6.83
2 2 2 2 2 2 2 2 2 2
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
1,440 1,498 1,558 1,620 1,685 1,752 1,822 1,895 1,971 2,050
58 60 62 65 67 70 73 76 79 82
43 44 45 46 47 48 49 50 51 52
53 55 58 60 62 65 67 70 73 76
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
109 113 118 122 127 132 137 143 149 155
58 60 62 65 67 70 73 76 79 82
53 ________
________ 55 ________
58 ________
60 ________
62 ________
65 ________
67 ________
70 ________
73 ________
76
113 118 122 127 132 137 143 149 155 161
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
100 100 100 100 100 100 100 100 100 100
3 3 3 3 3 3 3 3 3 3
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
4.80 4.99 5.19 5.40 5.62 5.84 6.07 6.32 6.57 6.83
2 2 2 2 2 2 2 2 2 2
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
1,440 1,498 1,558 1,620 1,685 1,752 1,822 1,895 1,971 2,050
58 60 62 65 67 70 73 76 79 82
43 44 45 46 47 48 49 50 51 52
53 55 58 60 62 65 67 70 73 76
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
109 113 118 122 127 132 137 143 149 155
58 60 62 65 67 70 73 76 79 82
53 ________
________ 55 ________
58 ________
60 ________
62 ________
65 ________
67 ________
70 ________
73 ________
76
113 118 122 127 132 137 143 149 155 161
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
100 100 100 100 100 100 100 100 100 100
3 3 3 3 3 3 3 3 3 3
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
4.80 4.99 5.19 5.40 5.62 5.84 6.07 6.32 6.57 6.83
2 2 2 2 2 2 2 2 2 2
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
1,440 1,498 1,558 1,620 1,685 1,752 1,822 1,895 1,971 2,050
58 60 62 65 67 70 73 76 79 82
43 44 45 46 47 48 49 50 51 52
53 55 58 60 62 65 67 70 73 76
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
109 113 118 122 127 132 137 143 149 155
58 60 62 65 67 70 73 76 79 82
53 ________
________ 55 ________
58 ________
60 ________
62 ________
65 ________
67 ________
70 ________
73 ________
76
113 118 122 127 132 137 143 149 155 161
3 3 3 3 3 3 3 3 3 3
3 3 3 3 3 3 3 3 3 3
3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
3.26 3.36 3.46 3.56 3.67 3.78 3.90 4.01 4.13 4.26
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
29 30 31 32 33 34 35 36 37 38
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
3 3 3 3 3 3 3 3 3 3
3 3 3 3 3 3 3 3 3 3
3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
3.26 3.36 3.46 3.56 3.67 3.78 3.90 4.01 4.13 4.26
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
29 30 31 32 33 34 35 36 37 38
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
3 3 3 3 3 3 3 3 3 3
3 3 3 3 3 3 3 3 3 3
3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
3.26 3.36 3.46 3.56 3.67 3.78 3.90 4.01 4.13 4.26
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
29 30 31 32 33 34 35 36 37 38
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
3 3 3 3 3 3 3 3 3 3
3 3 3 3 3 3 3 3 3 3
3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
3.26 3.36 3.46 3.56 3.67 3.78 3.90 4.01 4.13 4.26
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
29 30 31 32 33 34 35 36 37 38
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
3 3 3 3 3 3 3 3 3 3
3 3 3 3 3 3 3 3 3 3
3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
3.26 3.36 3.46 3.56 3.67 3.78 3.90 4.01 4.13 4.26
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
29 30 31 32 33 34 35 36 37 38
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
3 3 3 3 3 3 3 3 3 3
3 3 3 3 3 3 3 3 3 3
3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
3.26 3.36 3.46 3.56 3.67 3.78 3.90 4.01 4.13 4.26
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
29 30 31 32 33 34 35 36 37 38
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
3 3 3 3 3 3 3 3 3 3
3 3 3 3 3 3 3 3 3 3
3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
3.26 3.36 3.46 3.56 3.67 3.78 3.90 4.01 4.13 4.26
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
29 30 31 32 33 34 35 36 37 38
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
3 3 3 3 3 3 3 3 3 3
3 3 3 3 3 3 3 3 3 3
3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
3.26 3.36 3.46 3.56 3.67 3.78 3.90 4.01 4.13 4.26
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
29 30 31 32 33 34 35 36 37 38
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
51 52 53 54 55 56 57 58 59 60
Year 5
50 51 52 53 54 55 56 57 58 59
1.64 1.66 1.68 1.69 1.71 1.73 1.75 1.76 1.78 1.80
1.66 1.68 1.69 1.71 1.73 1.75 1.76 1.78 1.80 1.82
682.24 709.53 737.91 767.43 798.13 830.05 863.25 897.78 933.69 971.04
624.82 649.82 675.81 702.84 730.95 760.19 790.60 822.22 855.11 889.32
63.00 63.00 63.00 63.00 63.00 63.00 63.00 63.00 63.00 63.00
84.00 84.00 84.00 84.00 84.00 84.00 84.00 84.00 84.00 84.00
1,435 1,493 1,553 1,615 1,679 1,746 1,816 1,889 1,965 2,043
682 710 738 767 798 830 863 898 934 971
625 650 676 703 731 760 791 822 855 889
________ ________ ________ ________ ________ ________ ________ ________ ________ ________
1,493 1,553 1,615 1,679 1,746 1,816 1,889 1,965 2,043 2,125
316 325 335 345 355 366 377 388 400 412
72 72 72 72 72 72 72 72 72 72
96 96 96 96 96 96 96 96 96 96
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
100 100 100 100 100 100 100 100 100 100
3 3 3 3 3 3 3 3 3 3
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
7.11 7.39 7.69 7.99 8.31 8.65 8.99 9.35 9.73 10.12
4 4 4 4 4 4 4 4 4 4
- - - - - - - - - -
- - - - - - - - - -
2,132 2,217 2,306 2,398 2,494 2,594 2,698 2,806 2,918 3,035
85 89 92 96 100 104 108 112 117 121
55 56 57 58 59 60 61 62 63 64
73 76 79 82 85 89 92 96 100 104
- - - - - - - - - -
- - - - - - - - - -
310 322 335 348 362 377 392 407 424 441
85 89 92 96 100 104 108 112 117 121
73 76 79 82 85 89 92 96 100 104
________ ________ ________ ________ ________ ________ ________ ________ ________ ________
322 335 348 362 377 392 407 424 441 458
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
100 100 100 100 100 100 100 100 100 100
3 3 3 3 3 3 3 3 3 3
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
7.11 7.39 7.69 7.99 8.31 8.65 8.99 9.35 9.73 10.12
2 2 2 2 2 2 2 2 2 2
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
2,132 2,217 2,306 2,398 2,494 2,594 2,698 2,806 2,918 3,035
85 89 92 96 100 104 108 112 117 121
53 54 55 56 57 58 59 60 61 62
79 82 85 89 92 96 100 104 108 112
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
161 167 174 181 188 196 204 212 220 229
85 89 92 96 100 104 108 112 117 121
79 ________
________ 82 ________
85 ________
89 ________
92 ________
96 ________
100 ________
104 ________
108 ________
112
167 174 181 188 196 204 212 220 229 238
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
100 100 100 100 100 100 100 100 100 100
3 3 3 3 3 3 3 3 3 3
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
7.11 7.39 7.69 7.99 8.31 8.65 8.99 9.35 9.73 10.12
2 2 2 2 2 2 2 2 2 2
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
2,132 2,217 2,306 2,398 2,494 2,594 2,698 2,806 2,918 3,035
85 89 92 96 100 104 108 112 117 121
53 54 55 56 57 58 59 60 61 62
79 82 85 89 92 96 100 104 108 112
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
161 167 174 181 188 196 204 212 220 229
85 89 92 96 100 104 108 112 117 121
79 ________
________ 82 ________
85 ________
89 ________
92 ________
96 ________
100 ________
104 ________
108 ________
112
167 174 181 188 196 204 212 220 229 238
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
100 100 100 100 100 100 100 100 100 100
3 3 3 3 3 3 3 3 3 3
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
7.11 7.39 7.69 7.99 8.31 8.65 8.99 9.35 9.73 10.12
2 2 2 2 2 2 2 2 2 2
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
2,132 2,217 2,306 2,398 2,494 2,594 2,698 2,806 2,918 3,035
85 89 92 96 100 104 108 112 117 121
53 54 55 56 57 58 59 60 61 62
79 82 85 89 92 96 100 104 108 112
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
161 167 174 181 188 196 204 212 220 229
85 89 92 96 100 104 108 112 117 121
79 ________
________ 82 ________
85 ________
89 ________
92 ________
96 ________
100 ________
104 ________
108 ________
112
167 174 181 188 196 204 212 220 229 238
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
100 100 100 100 100 100 100 100 100 100
3 3 3 3 3 3 3 3 3 3
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
7.11 7.39 7.69 7.99 8.31 8.65 8.99 9.35 9.73 10.12
2 2 2 2 2 2 2 2 2 2
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
2,132 2,217 2,306 2,398 2,494 2,594 2,698 2,806 2,918 3,035
85 89 92 96 100 104 108 112 117 121
53 54 55 56 57 58 59 60 61 62
79 82 85 89 92 96 100 104 108 112
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
161 167 174 181 188 196 204 212 220 229
85 89 92 96 100 104 108 112 117 121
79 ________
________ 82 ________
85 ________
89 ________
92 ________
96 ________
100 ________
104 ________
108 ________
112
167 174 181 188 196 204 212 220 229 238
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
100 100 100 100 100 100 100 100 100 100
3 3 3 3 3 3 3 3 3 3
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
7.11 7.39 7.69 7.99 8.31 8.65 8.99 9.35 9.73 10.12
2 2 2 2 2 2 2 2 2 2
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
2,132 2,217 2,306 2,398 2,494 2,594 2,698 2,806 2,918 3,035
85 89 92 96 100 104 108 112 117 121
53 54 55 56 57 58 59 60 61 62
79 82 85 89 92 96 100 104 108 112
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
161 167 174 181 188 196 204 212 220 229
85 89 92 96 100 104 108 112 117 121
79 ________
________ 82 ________
85 ________
89 ________
92 ________
96 ________
100 ________
104 ________
108 ________
112
167 174 181 188 196 204 212 220 229 238
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
100 100 100 100 100 100 100 100 100 100
3 3 3 3 3 3 3 3 3 3
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
7.11 7.39 7.69 7.99 8.31 8.65 8.99 9.35 9.73 10.12
2 2 2 2 2 2 2 2 2 2
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
2,132 2,217 2,306 2,398 2,494 2,594 2,698 2,806 2,918 3,035
85 89 92 96 100 104 108 112 117 121
53 54 55 56 57 58 59 60 61 62
79 82 85 89 92 96 100 104 108 112
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
161 167 174 181 188 196 204 212 220 229
85 89 92 96 100 104 108 112 117 121
79 ________
________ 82 ________
85 ________
89 ________
92 ________
96 ________
100 ________
104 ________
108 ________
112
167 174 181 188 196 204 212 220 229 238
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
100 100 100 100 100 100 100 100 100 100
3 3 3 3 3 3 3 3 3 3
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
7.11 7.39 7.69 7.99 8.31 8.65 8.99 9.35 9.73 10.12
2 2 2 2 2 2 2 2 2 2
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
2,132 2,217 2,306 2,398 2,494 2,594 2,698 2,806 2,918 3,035
85 89 92 96 100 104 108 112 117 121
53 54 55 56 57 58 59 60 61 62
79 82 85 89 92 96 100 104 108 112
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
161 167 174 181 188 196 204 212 220 229
85 89 92 96 100 104 108 112 117 121
79 ________
________ 82 ________
85 ________
89 ________
92 ________
96 ________
100 ________
104 ________
108 ________
112
167 174 181 188 196 204 212 220 229 238
3 3 3 3 3 3 3 3 3 3
3 3 3 3 3 3 3 3 3 3
3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
4.38 4.52 4.65 4.79 4.93 5.08 5.23 5.39 5.55 5.72
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
39 41 42 43 44 46 47 49 50 51
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
3 3 3 3 3 3 3 3 3 3
3 3 3 3 3 3 3 3 3 3
3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
4.38 4.52 4.65 4.79 4.93 5.08 5.23 5.39 5.55 5.72
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
39 41 42 43 44 46 47 49 50 51
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
3 3 3 3 3 3 3 3 3 3
3 3 3 3 3 3 3 3 3 3
3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
4.38 4.52 4.65 4.79 4.93 5.08 5.23 5.39 5.55 5.72
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
39 41 42 43 44 46 47 49 50 51
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
3 3 3 3 3 3 3 3 3 3
3 3 3 3 3 3 3 3 3 3
3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
4.38 4.52 4.65 4.79 4.93 5.08 5.23 5.39 5.55 5.72
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
39 41 42 43 44 46 47 49 50 51
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
3 3 3 3 3 3 3 3 3 3
3 3 3 3 3 3 3 3 3 3
3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
4.38 4.52 4.65 4.79 4.93 5.08 5.23 5.39 5.55 5.72
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
39 41 42 43 44 46 47 49 50 51
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
3 3 3 3 3 3 3 3 3 3
3 3 3 3 3 3 3 3 3 3
3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
4.38 4.52 4.65 4.79 4.93 5.08 5.23 5.39 5.55 5.72
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
39 41 42 43 44 46 47 49 50 51
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
3 3 3 3 3 3 3 3 3 3
3 3 3 3 3 3 3 3 3 3
3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
4.38 4.52 4.65 4.79 4.93 5.08 5.23 5.39 5.55 5.72
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
39 41 42 43 44 46 47 49 50 51
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
3 3 3 3 3 3 3 3 3 3
3 3 3 3 3 3 3 3 3 3
3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
4.38 4.52 4.65 4.79 4.93 5.08 5.23 5.39 5.55 5.72
3 3 3 3 3 3 3 3 3 3
4 4 4 4 4 4 4 4 4 4
39 41 42 43 44 46 47 49 50 51
9 9 9 9 9 9 9 9 9 9
12 12 12 12 12 12 12 12 12 12
________
________
________
________
________
________
________
________
________
Financial Projections - INT. Lynx
Assumptions sheet
General Assumptions
Number of years 5
Number of periods in a year 2
Number of months in a year 12
Inflation 12% 1%
Growth in Salaries 10% 1%
Statement of Comprehensive Income Assumptions

Income
Commission Based
Commision rate
Average Lot - kgs
Product Growth
Rice / Sugar
Marble
Garments
Cement
Retainership Based
Combined Revenue
Mixed Revenue
Interest from investments

Profit rate 12% 6%
Closing Balance of Investments
Profit on Bank Deposits - Long Term
Profit rate 12% 6%
Profit on Bank Deposits - Short term

Profit rate 12% 6%
Unrealized (depreciation)/ Appreciation

Appreciation for the period
Other Income
Other Income
Expenditure
Management fees (Salaries)
Number of Staff
CEO 1
CFO 1
COO 1
Financial Analyst 1
Research Analyst 1
Risk Manager 1
[not used]
[not used]
[not used]
[not used]
[not used]
[not used]
[not used]
[not used]
[not used]
[not used]
[not used]
[not used]
[not used]
[not used]
[not used]
[not used]
Total number of staff

Staff Salary 6 months'
CEO 120,000
CFO 120,000
COO 120,000
Financial Analyst 120,000
Research Analyst 120,000
Risk Manager 120,000
[not used] -
[not used] -
[not used] -
[not used] -
[not used] -
[not used] -
[not used] -
[not used] -
[not used] -
[not used] -
[not used] -
[not used] -
[not used] -
[not used] -
[not used] -
[not used] -
Total Staff Cost

CEO
CFO
COO
Financial Analyst
Research Analyst
Risk Manager
[not used]
[not used]
[not used]
[not used]
[not used]
[not used]
[not used]
[not used]
[not used]
[not used]
[not used]
[not used]
[not used]
[not used]
[not used]
[not used]
Total Staff Cost
Performance Fees
Rate of return earned
Hurdle Rate 8.00% 4.00%
Performance fee Rate 20.00% 10.00%
Maintenance Fees
Maintenance fee rate 1.50% 0.75%
General and Administration Costs

Conveyance
Cost for the period (Annual) 50,000 25,000
Inflated cost
Utilities
Inflated cost
Printing and Photocopy

Inflated cost
Office Supplies
Inflated cost
Fees and Subscription

Inflated cost
Rent
Inflated cost
Miscelleneous
Inflated cost
[not used]
Inflated cost
[not used]
Inflated cost
Depreciation for the period
Total General and Admin Costs
Transaction Costs
Cost per transaction 50,000
Inflated cost
Number of transactions for the period
Audit Fees
Inflated cost
Custodian Fees
Number of custodians of the fund 1
Custodian Fees 50,000
Inflated Fees
Other Charges
Inflated cost
Finance Costs
Short-term
Borrowing rate 12% 6%
Closing Balance of Borrowings
Long-term
Borrowing rate 12% 6%
Closing Balance of Borrowings
Total Finance Costs
Statement of Financial Position Assumptions
Non-Current Assets
Investments
Summary
Cost of Assets Opening
Additions/(Deletion) for the Period
Cost of Assets Closing
Opening Accumulated Appreciation
Closing Accumuated Appreciation
Opening Net Book Value
Closing Net Book Value
Bank Deposits
Opening Balance
New Deposits
Withdrawal
Closing Balance
*it is assumed that all borrowings are made at the start of the period
Other Assets
Summary
Additions for the Period
Opening Accumulated Depreciation
Depreciation for the period
Closing Accumuated Depreciation
Addition of Non-Current assets
Property Plant and Equipment
Furniture and Fixtures
[not used]
[not used]
[not used]
[not used]
Cost of new asset

[not used]
[not used]
[not used]
[not used]
Total cost of new assets
Number of units per Office

Property Plant and Equipment 1
Furniture and Fixtures 1
[not used] 1
[not used] 1
[not used] 1
[not used] 1
Cost of Additions
[not used]
[not used]
[not used]
[not used]
Total Additions
Opening Cost
[not used]
[not used]
[not used]
[not used]
Total Opening Cost

Closing Cost
[not used]
[not used]
[not used]
[not used] _________
Total Closing Cost -
For the Period Depreciation Annual/12

[not used]
[not used]
[not used]
[not used]
For the period Depreciation
Opening Accumulated Depreciation

[not used]
[not used]
[not used]
[not used]
Total Opening Accumulated Depreciation
Closing Accumulated Depreciation

[not used]
[not used]
[not used]
[not used]
Total Closing Accumulated Depreciation

[not used]
[not used]
[not used]
[not used]
Total Closing Net Book Value

[not used]
[not used]
[not used]
[not used]
Total Closing Net Book Value
Current Assets
Investments
Bank Balances (from macro)
Current Liabilities
Bank Borrowings (from macro)
Non Current Liabilities

Bank Borrowings*
Opening Balance
New Borrowings
Repayment
Closing Balance
*it is assumed that all borrowings are made at the start of the period
Represented By
Issued Share Capital
Opening Balance
New Issued for the period
Allocation from other funds
Closing Balance
Accumulated Profit Initial Bal

Opening Balance
Profit/(deficit) for the year
Direct additions
Closing balance 2
Allocation to:
[not used] 1
[not used] 2
[not used] 3
[not used] 4
Closing Balance after allocation
[not used] 1
Opening Balance
Direct additions
Closing balance 2
Allocation to:
Accumulated Profit
[not used] 2
[not used] 3
[not used] 4
Allocation from:
Accumulated Profit
[not used] 2
[not used] 3
[not used] 4
Closing Balance after allocations
[not used] 2
Opening Balance
Direct additions
Closing balance 2
Allocation to:
Accumulated Profit
[not used] 1
[not used] 3
[not used] 4

Allocation from:
Accumulated Profit
[not used] 1
[not used] 3
[not used] 4
[not used] 3
Opening Balance
Direct additions
Closing balance 2
Allocation to:
Accumulated Profit
[not used] 1
[not used] 2
[not used] 4

Allocation from:
Accumulated Profit
[not used] 1
[not used] 2
[not used] 4
[not used] 4
Opening Balance
Direct additions
Closing balance 2
Allocation to:
Accumulated Profit
[not used] 1
[not used] 2
[not used] 3

Allocation from:
Accumulated Profit
[not used] 1
[not used] 2
[not used] 3
TOTAL EQUITY 10
Year 1 Year 2 Year 3 Year 4
0 6 12 18 24 30 36
6-Months 12-Months 18-Months 24-Months 30-Months 36-Months 42-Months
1.00 1.06 1.13 1.20 1.27 1.35 1.43

1.00 1.05 1.10 1.16 1.22 1.28 1.35
6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00%

_________ _________ _________ _________ _________ _________ _________
- - - - - - -
6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00%

_________ - _________- _________- _________ - _________ - _________ - _________ -
- - - - - - -
6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00%

_________ - _________- _________- _________ - _________ - _________ - _________ -
- - - - - - -
103,500 _________
_________ 517,500 _________
982,698 _________
1,258,698 _________
1,775,011 _________
1,775,011 _________
(1,298,736)
103,500 517,500 982,698 1,258,698 1,775,011 1,775,011 (1,298,736)
- - - - - - -
1 1 1 1 1 1 1
1 1 1 1 1 1 1
1 1 1 1 1 1 1
1 1 1 1 1 1 1
1 1 1 1 1 1 1
1 1 1 1 1 1 1
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
_________ - _________- _________- _________ - _________ - _________ - _________ -
6 6 6 6 6 6 6
120,000 126,126 132,566 139,333 146,447 153,924 161,782
120,000 126,126 132,566 139,333 146,447 153,924 161,782
120,000 126,126 132,566 139,333 146,447 153,924 161,782
120,000 126,126 132,566 139,333 146,447 153,924 161,782
120,000 126,126 132,566 139,333 146,447 153,924 161,782
120,000 126,126 132,566 139,333 146,447 153,924 161,782
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
120,000 126,126 132,566 139,333 146,447 153,924 161,782

120,000 126,126 132,566 139,333 146,447 153,924 161,782
120,000 126,126 132,566 139,333 146,447 153,924 161,782
120,000 126,126 132,566 139,333 146,447 153,924 161,782
120,000 126,126 132,566 139,333 146,447 153,924 161,782
120,000 126,126 132,566 139,333 146,447 153,924 161,782
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
_________ - _________- _________- _________ - _________ - _________ - _________ -
720,000 756,758 795,393 836,001 878,681 923,541 970,691
4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00%

10.00% _________
_________ 10.00% _________
10.00% _________
10.00% _________
10.00% _________
10.00% _________
10.00%
0% 0% 0% 0% 0% 0% 0%
_________ _________ _________ _________ _________ _________ _________
- - - - - - -
0.75% 0.75% 0.75% 0.75% 0.75% 0.75% 0.75%

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

25,000 _________
_________ 26,538 _________
28,171 _________
29,904 _________
31,743 _________
33,696 _________
35,769
25,000 26,538 28,171 29,904 31,743 33,696 35,769
25,000 25,000 25,000 25,000 25,000 25,000 25,000

25,000 _________
_________ 26,538 _________
28,171 _________
29,904 _________
31,743 _________
33,696 _________
35,769
25,000 26,538 28,171 29,904 31,743 33,696 35,769
25,000 25,000 25,000 25,000 25,000 25,000 25,000

25,000 _________
_________ 26,538 _________
28,171 _________
29,904 _________
31,743 _________
33,696 _________
35,769
25,000 26,538 28,171 29,904 31,743 33,696 35,769
25,000 25,000 25,000 25,000 25,000 25,000 25,000

25,000 _________
_________ 26,538 _________
28,171 _________
29,904 _________
31,743 _________
33,696 _________
35,769
25,000 26,538 28,171 29,904 31,743 33,696 35,769
25,000 25,000 25,000 25,000 25,000 25,000 25,000

25,000 _________
_________ 26,538 _________
28,171 _________
29,904 _________
31,743 _________
33,696 _________
35,769
25,000 26,538 28,171 29,904 31,743 33,696 35,769
25,000 25,000 25,000 25,000 25,000 25,000 25,000
25,000 _________
_________ 26,538 _________
28,171 _________
29,904 _________
31,743 _________
33,696 _________
35,769
25,000 26,538 28,171 29,904 31,743 33,696 35,769
25,000 25,000 25,000 25,000 25,000 25,000 25,000

25,000 _________
_________ 26,538 _________
28,171 _________
29,904 _________
31,743 _________
33,696 _________
35,769
25,000 26,538 28,171 29,904 31,743 33,696 35,769
25,000 25,000 25,000 25,000 25,000 25,000 25,000

25,000 _________
_________ 26,538 _________
28,171 _________
29,904 _________
31,743 _________
33,696 _________
35,769
25,000 26,538 28,171 29,904 31,743 33,696 35,769
25,000 25,000 25,000 25,000 25,000 25,000 25,000

25,000 _________
_________ 26,538 _________
28,171 _________
29,904 _________
31,743 _________
33,696 _________
35,769
25,000 26,538 28,171 29,904 31,743 33,696 35,769
_________ _________ _________ _________ _________ _________ _________
- - - - - - -
_________ _________ _________ _________ _________ _________ _________
225,000 238,842 253,536 269,133 285,690 303,266 321,923
50,000 50,000 50,000 50,000 50,000 50,000 50,000

50,000 53,076 56,341 59,807 63,487 67,392 71,538
_________ _________ _________ _________ _________ _________ _________
- - - - - - -
25,000 25,000 25,000 25,000 25,000 25,000 25,000

25,000 _________
_________ 26,538 _________
28,171 _________
29,904 _________
31,743 _________
33,696 _________
35,769
25,000 26,538 28,171 29,904 31,743 33,696 35,769
1 1 1 1 1 1 1
50,000 50,000 50,000 50,000 50,000 50,000 50,000
50,000 _________
_________ 53,076 _________
56,341 _________
59,807 _________
63,487 _________
67,392 _________
71,538
50,000 53,076 56,341 59,807 63,487 67,392 71,538
25,000 25,000 25,000 25,000 25,000 25,000 25,000

25,000 _________
_________ 26,538 _________
28,171 _________
29,904 _________
31,743 _________
33,696 _________
35,769
25,000 26,538 28,171 29,904 31,743 33,696 35,769
6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00%
4,303,181 _________
_________ 8,941,418 _________
12,875,564 _________
17,127,992 _________
19,595,040 _________
22,294,289 _________
22,585,085
258,191 536,485 772,534 1,027,680 1,175,702 1,337,657 1,355,105
6.00% 6.00% 6.00% 6.00% 6.00% 6.00% 6.00%

_________ - _________- _________- _________ - _________ - _________ - _________ -
- - - - - - -
_________ _________ _________ _________ _________ _________ _________
258,191 536,485 772,534 1,027,680 1,175,702 1,337,657 1,355,105
- 3,000,000 6,000,000 8,000,000 10,000,000 10,000,000 10,000,000

3,000,000 3,000,000 2,000,000 2,000,000 - - (2,500,000)
3,000,000 6,000,000 8,000,000 10,000,000 10,000,000 10,000,000 7,500,000
- 103,500 621,000 1,603,698 2,862,396 4,637,407 6,412,417
103,500 517,500 982,698 1,258,698 1,775,011 1,775,011 (1,298,736)
103,500 621,000 1,603,698 2,862,396 4,637,407 6,412,417 5,113,681
- 3,103,500 6,621,000 9,603,698 12,862,396 14,637,407 16,412,417
3,103,500 6,621,000 9,603,698 12,862,396 14,637,407 16,412,417 12,613,681
- - - - - - -
_________ _________ _________ _________ _________ _________ _________

- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
_________ - _________- _________- _________ - _________ - _________ - _________ -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
_________ - _________- _________- _________ - _________ - _________ - _________ -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
_________ - _________- _________- _________ - _________ - _________ - _________ -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
_________ - _________- _________- _________ - _________ - _________ - _________ -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
_________ - _________- _________- _________ - _________ - _________ - _________ -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
_________ - _________- _________- _________ - _________ - _________ - _________ -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
_________ - _________- _________- _________ - _________ - _________ - _________ -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
_________ - _________- _________- _________ - _________ - _________ - _________ -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
_________ - _________- _________- _________ - _________ - _________ - _________ -
- - - - - - -
_________ _________ _________ _________ _________ _________ _________

- - - - - - -
_________ _________ _________ _________ _________ _________ _________

4,303,181 8,941,418 12,875,564 17,127,992 19,595,040 22,294,289 22,585,085
- - - - - - -
_________ _________ _________ _________ _________ _________ _________

- - - - - - -
- - - - - - -
_________ - _________- _________- _________ - _________ - _________ - _________ -

- - - - - - -
2 (1,199,689) (2,320,426) (3,271,874) (4,265,604) (4,957,641) (5,881,880)

(1,199,691) (1,120,738) (951,447) (993,730) (692,037) (924,239) (4,089,532)
_________ _________ _________ _________ _________ _________ _________
(1,199,689) (2,320,426) (3,271,874) (4,265,604) (4,957,641) (5,881,880) (9,971,412)
_________ _________ _________ _________ _________ _________ _________
(1,199,689) (2,320,426) (3,271,874) (4,265,604) (4,957,641) (5,881,880) (9,971,412)
2 2 2 2 2 2 2
_________ _________ _________ _________ _________ _________ _________
2 2 2 2 2 2 2
- - - - - - -
- - - - - - -
- - - - - - -
_________ - _________- _________- _________ - _________ - _________ - _________ -
2 2 2 2 2 2 2
2 2 2 2 2 2 2
_________ _________ _________ _________ _________ _________ _________
2 2 2 2 2 2 2
_________ _________ _________ _________ _________ _________ _________

2 2 2 2 2 2 2
- - - - - - -
- - - - - - -
- - - - - - -
_________ - _________- _________- _________ - _________ - _________ - _________ -
2 2 2 2 2 2 2
2 2 2 2 2 2 2
_________ _________ _________ _________ _________ _________ _________
2 2 2 2 2 2 2
_________ _________ _________ _________ _________ _________ _________

2 2 2 2 2 2 2
- - - - - - -
- - - - - - -
- - - - - - -
_________ - _________- _________- _________ - _________ - _________ - _________ -
2 2 2 2 2 2 2
2 2 2 2 2 2 2
_________ _________ _________ _________ _________ _________ _________
2 2 2 2 2 2 2
_________ _________ _________ _________ _________ _________ _________

2 2 2 2 2 2 2
- - - - - - -
- - - - - - -
- - - - - - -
_________ - _________- _________- _________ - _________ - _________ - _________ -
2 2 2 2 2 2 2
_________ _________ _________ _________ _________ _________ _________
(1,199,681) _________
_________ (2,320,418) (3,271,866) _________
(4,265,596) _________
(4,957,633) _________
(5,881,872) _________
(9,971,404)
_________ _________ _________
_________ _________ _________ _________ _________
Year 4 Year 5
42 48 54
48-Months 54-Months 60-Months
1.52 1.61 1.71

1.42 1.49 1.57
6.00% 6.00% 6.00%

_________ _________ _________
- - -
6.00% 6.00% 6.00%

_________ - _________ - _________ -
- - -
6.00% 6.00% 6.00%

_________ - _________ - _________ -
- - -
(849,360) _________
_________ (2,469,193) _________
(1,795,128)
(849,360) (2,469,193) (1,795,128)
- - -
1 1 1
1 1 1
1 1 1
1 1 1
1 1 1
1 1 1
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
_________ - _________ - _________ -
6 6 6
170,041 178,722 187,847
170,041 178,722 187,847
170,041 178,722 187,847
170,041 178,722 187,847
170,041 178,722 187,847
170,041 178,722 187,847
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
170,041 178,722 187,847

170,041 178,722 187,847
170,041 178,722 187,847
170,041 178,722 187,847
170,041 178,722 187,847
170,041 178,722 187,847
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
_________ - _________ - _________ -
1,020,248 1,072,335 1,127,081
4.00% 4.00% 4.00%

10.00% _________
_________ 10.00% _________
10.00%
0% 0% 0%
_________ _________ _________
- - -
0.75% 0.75% 0.75%

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

37,970 _________
_________ 40,306 _________
42,785
37,970 40,306 42,785
25,000 25,000 25,000

37,970 _________
_________ 40,306 _________
42,785
37,970 40,306 42,785
25,000 25,000 25,000

37,970 _________
_________ 40,306 _________
42,785
37,970 40,306 42,785
25,000 25,000 25,000

37,970 _________
_________ 40,306 _________
42,785
37,970 40,306 42,785
25,000 25,000 25,000

37,970 _________
_________ 40,306 _________
42,785
37,970 40,306 42,785
25,000 25,000 25,000
37,970 _________
_________ 40,306 _________
42,785
37,970 40,306 42,785
25,000 25,000 25,000

37,970 _________
_________ 40,306 _________
42,785
37,970 40,306 42,785
25,000 25,000 25,000

37,970 _________
_________ 40,306 _________
42,785
37,970 40,306 42,785
25,000 25,000 25,000

37,970 _________
_________ 40,306 _________
42,785
37,970 40,306 42,785
_________ _________ _________
- - -
_________ _________ _________
341,728 362,751 385,067
50,000 50,000 50,000

75,939 80,611 85,571
_________ _________ _________
- - -
25,000 25,000 25,000

37,970 _________
_________ 40,306 _________
42,785
37,970 40,306 42,785
1 1 1
50,000 50,000 50,000
75,939 _________
_________ 80,611 _________
85,571
75,939 80,611 85,571
25,000 25,000 25,000

37,970 _________
_________ 40,306 _________
42,785
37,970 40,306 42,785
6.00% 6.00% 6.00%
22,977,595 _________
_________ 23,482,876 _________
24,112,942
1,378,656 1,408,973 1,446,777
6.00% 6.00% 6.00%

_________ - _________ - _________ -
- - -
_________ _________ _________
1,378,656 1,408,973 1,446,777
7,500,000 5,000,000 2,500,000

(2,500,000) (2,500,000) (2,500,000)
5,000,000 2,500,000 -
5,113,681 4,264,321 1,795,128
(849,360) (2,469,193) (1,795,128)
4,264,321 1,795,128 -
12,613,681 9,264,321 4,295,128
9,264,321 4,295,128 -
- - -
_________ _________ _________

- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
_________ - _________ - _________ -
- - -
- - -
- - -
- - -
- - -
- - -
_________ - _________ - _________ -
- - -
- - -
- - -
- - -
- - -
- - -
_________ - _________ - _________ -
- - -
- - -
- - -
- - -
- - -
- - -
_________ - _________ - _________ -
- - -
- - -
- - -
- - -
- - -
- - -
_________ - _________ - _________ -
- - -
- - -
- - -
- - -
- - -
- - -
_________ - _________ - _________ -
- - -
- - -
- - -
- - -
- - -
- - -
_________ - _________ - _________ -
- - -
- - -
- - -
- - -
- - -
- - -
_________ - _________ - _________ -
- - -
- - -
- - -
- - -
- - -
- - -
_________ - _________ - _________ -
- - -
_________ _________ _________

- - -
_________ _________ _________

22,977,595 23,482,876 24,112,942
- - -
_________ _________ _________

- - -
- - -
_________ - _________ - _________ -

- - -
(9,971,412) (13,713,282) (19,187,756)

(3,741,870) (5,474,474) (4,925,194)
_________ _________ _________
(13,713,282) (19,187,756) (24,112,950)
_________ _________ _________
(13,713,282) (19,187,756) (24,112,950)
2 2 2
_________ _________ _________
2 2 2
- - -
- - -
- - -
_________ - _________ - _________ -
2 2 2
2 2 2
_________ _________ _________
2 2 2
_________ _________ _________

2 2 2
- - -
- - -
- - -
_________ - _________ - _________ -
2 2 2
2 2 2
_________ _________ _________
2 2 2
_________ _________ _________

2 2 2
- - -
- - -
- - -
_________ - _________ - _________ -
2 2 2
2 2 2
_________ _________ _________
2 2 2
_________ _________ _________

2 2 2
- - -
- - -
- - -
_________ - _________ - _________ -
2 2 2
_________ _________ _________
(13,713,274) _________
_________ (19,187,748) _________
(24,112,942)
_________ _________ _________
Cost
Opening Additions Deletions

Assets
A B C
1st Half - 3,000,000 -

Year 1
2nd Half 3,000,000 3,000,000 -
1st Half 6,000,000 2,000,000 -

Year 2
2nd Half 8,000,000 2,000,000 -
1st Half 10,000,000 - -

Year 3
2nd Half 10,000,000 - -
1st Half 10,000,000 - (2,500,000)

Year 4
2nd Half 7,500,000 - (2,500,000)
1st Half 5,000,000 - (2,500,000)

Year 5
2nd Half 2,500,000 - (2,500,000)
Assumptions:
Assets sold in Spring are appreciated till first quarter of the year.
Assets sold in Fall are appreciated till 3rd quarter of the year.
S Estimated Rate of appreciation of assets.

Additions/(deletion) for the Period
Opening Accumulated Appreciation
Closing Accumuated Appreciation
Appreciation in Art Assets
Opening Acc.
Opening Acc Appreciation Appreciation less Opening
Closing Cost Less on deletions up to Acc. Appreciated
Balance Deletions start of period Appreciation on Value
deletions
D=A+B+C X=A-C W Y=G-W Z=X+Y
3,000,000 - - - -
6,000,000 3,000,000 - - 3,000,000
8,000,000 6,000,000 - 621,000 6,621,000
10,000,000 8,000,000 - 621,000 8,621,000
10,000,000 10,000,000 - 2,862,396 12,862,396
10,000,000 10,000,000 - 2,862,396 12,862,396
7,500,000 7,500,000 2,300,677 4,111,740 11,611,740
5,000,000 5,000,000 1,851,300 2,260,440 7,260,440
2,500,000 2,500,000 2,469,193 1,795,128 4,295,128
- - 1,795,128 - -
0.5 1.0 1.5 2.0 2.5
- 3,000,000 6,000,000 8,000,000 10,000,000
3,000,000 3,000,000 2,000,000 2,000,000 -
3,000,000 6,000,000 8,000,000 10,000,000 10,000,000
- 103,500 621,000 1,603,698 2,862,396
103,500 517,500 982,698 1,258,698 1,775,011
103,500 621,000 1,603,698 2,862,396 4,637,407
- 3,103,500 6,621,000 9,603,698 12,862,396
3,103,500 6,621,000 9,603,698 12,862,396 14,637,407
in Art Assets Schedule
Accumulated Appreciation
Revenue on
App. Rate p.a. Revenue on Revenue for Deducted for
Opening Opening
Additions the deletions Disposals
Balance
F% G H=ZxF I E J=W+E
S
27.6 - - 103,500 - -
27.6 - 414,000 103,500 - -
27.6 621,000 913,698 69,000 - -
27.6 621,000 1,189,698 69,000 - -
27.6 2,862,396 1,775,011 - - -
27.6 2,862,396 1,775,011 - - -
27.6 6,412,417 1,001,941 - 331,247 2,631,924
27.6 6,412,417 1,001,941 - 900,719 2,752,020
(2,469,193)
27.6 4,264,321 - - 342,874 2,812,067
27.6 4,264,321 - - 889,092 2,684,220
Total Check: 8,411,037

3.0 3.5 4.0 4.5 5.0
10,000,000 10,000,000 7,500,000 5,000,000 2,500,000
- (2,500,000) (2,500,000) (2,500,000) (2,500,000)
10,000,000 7,500,000 5,000,000 2,500,000 -
4,637,407 6,412,417 5,113,681 4,264,321 1,795,128
1,775,011 (1,298,736) (849,360) (2,469,193) (1,795,128)
6,412,417 5,113,681 4,264,321 1,795,128 -
14,637,407 16,412,417 12,613,681 9,264,321 4,295,128
16,412,417 12,613,681 9,264,321 4,295,128 -
tion
Closing
Total Revenue Appreciation
Appreciated Diff
During the Half Closing as per Actual
Value
Year
K=H+I+E L=G+K-J M=D+L N O=N-K
103,500 103,500 3,103,500 (103,500)
517,500 621,000 6,621,000 (517,500)
982,698 1,603,698 9,603,698 (982,698)
1,258,698 2,862,396 12,862,396 (1,258,698)
1,775,011 4,637,407 14,637,407 (1,775,011)
1,775,011 6,412,417 16,412,417 (1,775,011)
1,333,187 5,113,681 12,613,681 (1,333,187)
1,902,660 4,264,321 9,264,321 (1,902,660)
342,874 1,795,128 4,295,128 (342,874)
889,092 - - (889,092)
10,880,231
-
Arts Assets Disposal
Disposal Actual Cost Acc App at start of Acc Aap upto date of
Description App for the period Book Value
Period Rs. period Sale
A B C D=B+C E=A+D
Spring Year 4 Assets purchased in 1st Quarter of Year 1 1,500,000 1,447,813 203,399 1,651,212 3,151,212
Assets purchased in 2nd Quarter of Year 1 1,000,000 852,864 127,848 980,712 1,980,712
2,500,000 2,300,677 331,247 2,631,924 5,131,924
Fall Year 4 Assets purchased in 2nd Quarter of Year 1 500,000 426,432 191,771 618,204 1,118,204
Assets purchased in 3rd Quarter of Year 1 1,500,000 1,110,780 540,432 1,651,212 3,151,212
Assets purchased in 4th Quarter of Year 1 500,000 314,088 168,516 482,604 982,604
2,500,000 1,851,300 900,719 2,752,020 5,252,020
Spring Year 5 Assets purchased in 4th Quarter of Year 1 1,000,000 1,077,553 143,351 1,220,904 2,220,904
Assets purchased in 1st Quarter of Year 2 1,000,000 965,208 135,599 1,100,808 2,100,808
Assets purchased in 2nd Quarter of Year 2 500,000 426,432 63,924 490,356 990,356
2,500,000 2,469,193 342,874 2,812,067 5,312,067
Fall Year 5 Assets purchased in 2nd Quarter of Year 2 500,000 426,432 191,771 618,204 1,118,204
Assets purchased in 3rd Quarter of Year 2 1,000,000 740,520 360,288 1,100,808 2,100,808
Assets purchased in 4th Quarter of Year 2 1,000,000 628,176 337,032 965,208 1,965,208
2,500,000 1,795,128 889,092 2,684,220 5,184,220
Total 10,000,000 8,416,299 2,463,932 10,880,231 20,880,231
ASSUMPTIONS & CALCULATIONS:
Assets sold in Spring are appreciated till first quarter of the year.
Assets sold in Fall are appreciated till 3rd quarter of the year.
Calculations for Spring sale Year 4:

Purchase/Opening Appreciation Book Value Acc. Appreciation
Assets purchased in 1st Quarter of Year 1 Year 1 1,500,000 310,500 1,810,500 310,500
Year 2 1,810,500 499,698 2,310,198 810,198
Year 3 2,310,198 637,615 2,947,813 1,447,813
Year 4 2,947,813 203,399 3,151,212 1,651,212

Assets purchased in 2nd Quarter of Year 1 Year 1 1,000,000 138,000 1,138,000 138,000
Year 2 1,138,000 314,088 1,452,088 452,088
Year 3 1,452,088 400,776 1,852,864 852,864
Year 4 1,852,864 127,848 1,980,712 980,712
7500000
2500000
Calculations for Fall sale Year 4:

Assets purchased in 2nd Quarter of Year 1 Year 1 500,000 69,000 569,000 69,000
Year 2 569,000 157,044 726,044 226,044
Year 3 726,044 200,388 926,432 426,432
Year 4 926,432 191,771 1,118,204 618,204

Assets purchased in 3rd Quarter of Year 1 Year 1 1,500,000 103,500 1,603,500 103,500
Year 2 1,603,500 442,566 2,046,066 546,066
Year 3 2,046,066 564,714 2,610,780 1,110,780
Year 4 2,610,780 540,432 3,151,212 1,651,212

Assets purchased in 4th Quarter of Year 1 Year 1 500,000 - 500,000 -
Year 2 500,000 138,000 638,000 138,000
Year 3 638,000 176,088 814,088 314,088
Year 4 814,088 168,516 982,604 482,604
Calculations for Spring sale Year 5:

Assets purchased in 4th Quarter of Year 1 Year 1 1,000,000 - 1,000,000 -
Year 2 1,000,000 276,000 1,276,000 276,000
Year 3 1,276,000 352,176 1,628,176 628,176
Year 4 1,628,176 449,377 2,077,553 1,077,553
Year 5 2,077,553 143,351 2,220,904 1,220,904

Assets purchased in 1st Quarter of Year 2 Year 2 1,000,000 207,000 1,207,000 207,000
Year 3 1,207,000 333,132 1,540,132 540,132
Year 4 1,540,132 425,076 1,965,208 965,208
Year 5 1,965,208 135,599 2,100,808 1,100,808

Year 3 569,000 157,044 726,044 226,044
Year 4 726,044 200,388 926,432 426,432
Year 5 926,432 63,924 990,356 490,356
Calculations for Fall sale Year 5:

Year 3 569,000 157,044 726,044 226,044
Year 4 726,044 200,388 926,432 426,432
Year 5 926,432 191,771 1,118,204 618,204

Assets purchased in 3rd Quarter of Year 2 Year 2 1,000,000 69,000 1,069,000 69,000
Year 3 1,069,000 295,044 1,364,044 364,044
Year 4 1,364,044 376,476 1,740,520 740,520
Year 5 1,740,520 360,288 2,100,808 1,100,808

Assets purchased in 4th Quarter of Year 2 Year 2 1,000,000 - 1,000,000 -
Year 3 1,000,000 276,000 1,276,000 276,000
Year 4 1,276,000 352,176 1,628,176 628,176
Year 5 1,628,176 337,032 1,965,208 965,208

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Financial Projections - INT.

Performance Fee _________- _________- -

Statement of Financial Position

Statement of Cash Flows

Cash Flow from Operating Activities

(1,303,191) (1,638,238) (1,934,145)

Cash flow from investing activies

Cash Flow from financing activies

Cash and cash equivalents- opening _________10 _________

Cash and cash equivalents- Closing (4,303,181) (8,941,418) (12,875,564)

836,001 878,681 923,541 970,691 1,020,248 1,072,335 1,127,081

_________- _________- _________- _________- _________- _________- _________-

12,862,396 14,637,407 16,412,417 12,613,681 9,264,321 4,295,128 -

_________- _________- _________- _________- _________- _________- _________-

(993,730) (692,037) (924,239) (4,089,532) (3,741,870) (5,474,474) (4,925,194)

_________ - _________ - _________ - _________ - _________- _________- _________-

_________ - _________ - _________ - _________ - _________- _________- _________-

_________- _________- _________- _________- _________- _________- _________-

Product Related Assumptions & Calculations

Average Credit Period - months 4

Average Credit Period - months 2

Average Credit Period - months 2

Average Credit Period - months 2

Medicines & Chemicals

Average Credit Period - months 2

Average Credit Period - months 2

Average Credit Period - months 2

Anything that deems appropriate.

Average Credit Period - months 2

Average Direct Cost per Client

Average Direct Cost per Client

Average Direct Cost per Client

Average Direct Cost per Client

Medicines & Chemicals

Average Direct Cost per Client

Average Direct Cost per Client

Industrial products / consumables etc.

Average Direct Cost per Client

Anything that deems appropriate.

Average Direct Cost per Client

- 96 196 216 236 246 256 266 276 287

97 100 103 106 109 112 116 119 123 126

95 99 103 107 112 116 121 126 131 136

Statement of Comprehensive Income Assumptions

Interest from investments

Profit on Bank Deposits - Short term

Unrealized (depreciation)/ Appreciation

Total number of staff

Total Staff Cost

Total Staff Cost

Closing Balance of Investments

General and Administration Costs

Printing and Photocopy

Fees and Subscription

Depreciation for the period

Total General and Admin Costs

Total Finance Costs

Statement of Financial Position Assumptions

Cost of new asset

Total cost of new assets

Number of units per Office

Total Opening Cost

For the Period Depreciation Annual/12

Performance Fee _- _- -

Cash and cash equivalents- opening _10 _

_____- _- _- _- _- _- _____-

_____- _- _- _- _- _- _____-

_____ - _ - _ - _ - _- _- _____-

_____ - _ - _ - _ - _- _- _____-

_____- _- _- _- _- _- _____-

_____ _ _ _ _ _ _____

_____ _ _ _ _ _ _____

_____ _ _ _ _ _ _____

_____ _ _ _ _ _ _____

_____ - _- _- _ - _ - _ - _____ -

_____ _ _ _ _ _ _____

_____ _ _ _ _ _ _____

_____ _ _ _ _ _ _____

_____ _ _____

_____ _ _____