Sky Raspado

8/3/2019 Sky Raspado

http://slidepdf.com/reader/full/sky-raspado 1/119





Table of contents

Page

Preface 1

Executive Summary

Chapter 1: Introduction

Background and Significance of the Project 3

Project Objective 4

Activities time fame 5

Chapter 2 Industry Profile

Nature of industry 6

Marketing analysis 10

Vision 11

Mission 12

Strategy of the company 12

Chapter 3: Market Feasibility Study



Chapter 6: Administration

Indirect cost 48Direct cost 49

Chapter 7: Finance

Payback period 50

Chapter 8: Risk management

External risk 53Internal risk 54

Uncertainly index cost 56

Chapter 9: Conclusion 101

APPENDIX



P a g e | 1

Preface

This project was created concerning Feasibility Study project for studying

and evaluation of the project. The purpose of this report is to adapt how to

launch a new business project based on actual environment in a certain location.

We use the secondary information from our research and observations to

establishing the new business with the high level of probability as we required

doing for the project.

The content of the report consists of introduction, industry profile, market

feasibility study, technical feasibility study, financial analysis, risk management

and summery. We are hoping that our report will be useful to anybody who is

interested. If there are any mistake in this report we are deepest apologize



P a g e | 2

Executive summary

The company’s project is SKY-Raspado Restaurant. we are greatly to

present a new type of free roof buffet and bar restaurant to satisfy the customers

in Bangkok with unforgettable 360o views in Bangkok due to greatest service

that come along with the preciously quality of all selected meals.

In preconception, the Sky-Raspado has the concept to positioning its self as the

most romantic dining buffet place with the free roof atmosphere that decorated

base on Ancient Greek style mixed up with the luxury Spanish style. The

customers can sense the feeling of perfect dining restaurant with romantic

instruments music along with the high quality of meals with the acceptableprice. The purpose of choosing Bangkok as the destination to lunch the business

is that there have the potential customers due to several of biological factors

which people have more choices to find the most appropriated thing to their

demand. According to the company survey, we figured out that the number of

restaurant has been increasing every year so the demands are. Besides, Bangkok

i th t f Th il d hi h ll b i d d d th hi h



P a g e | 3

Chapter 1

Background and Significance of the Project

The sky restaurant is a good choice that appropriate to who want far away

from repetitious old dining style or congestion of restaurant. Sky restaurant is a

new choice for Bangkok people (http://bangkok.onlineinfonetwork.

com/th/index.php/travel-news-a-articles.html ).

Statistics of Thai people behavior to eat out 32% of Thai customer like to

eat out because convenience more than cooking at home and they look for

quality restaurant too. 27% like to eat Thai food 26% is Chinese food and last

17% to be Italian food (http://www.marketingoops.com/reports/behaviors/eat-

t b h i /) Thi i d t it f t t b i i

http://www.marketingoops.com/reports/behaviors/eat-out-behavior/







P a g e | 4

The Sky Raspado restaurant is located in Bangkok. The reason why we choose

this city cause market target. People have income in Bangkok and high power to

purchase and also value. In centre of Thailand has variety of target group that

suitable for run our business. The center of economic in Thailand, in Bangkok

has population 5,702,595 million (service.nso.go.th/nso/nsopublish/

service/survey/rep_older50.pdf) (2552). Per capita income is 8,154 baht /month

(http://203.155.220.118/info/NowBMA/frame.asp).

The Sky Raspado offer panoramic view and tasty delight our international

buffet at Bangkok. We support our business to meet the demand are:

Overall dining experience

Touch Dignity, honors

Romantic

Th i l d

http://203.155.220.118/info/NowBMA/frame.asp






P a g e | 5

- Know and understand about competition and several customer

behavior of restaurant industry in Bangkok.

- Get to know about finance use to the business for reduce investment

risk.

- Know about how to connect with other business that related with

restaurant and bar industry.

- Get to know about management structure and system of operation

before doing the business.

- Know in world widely and accept in generally.

Activities/Time Frame



P a g e | 6

Chapter 2

Nature of Industry

The buffet table originates from the Brännvinsbord - Swedish snaps (shot of

alcoholic beverage) table from the middle of 16th century, and had its prime

during the early 18th century, and was developed into the buffet we more know

today not until the beginning of 19th century. The Smorgasbord buffet did not

increase its popularity until the expansion of the railroads throughout Europe.

The smorgasbord table was a meal where guests gathered before dinner for a

pre-dinner drink, and was not part of the formal dinner to be followed. The

smorgasbord buffet was often held in separate room for men and women before

the dinner was served.

Smörgåsbord became internationally known as Smorgasbord at the 1939 New

Y k W ld' hibi i h S d h d i f h i



P a g e | 7

first revived at the fashionable court of Burgundy and adopted in France.

The Baroque displays of silver and gold that were affected by Louis XIV of

France were immortalized in paintings by Alexander-François Desportes and

others, before Louis' plate and his silver furniture had to be sent to the mint to

pay for the wars at the end of his reign.

During the 18th century more subtle demonstrations of solvency were preferred.A buffet was revived in England and France at the end of the century, when new

ideals of privacy made a modicum of self-service at breakfast-time appealing,

even among those who could have had a footman behind each chair. In The

Cabinet Dictionary of 1803 Thomas Sheraton gave a neoclassical design and

observed that "a buffet may, with some propriety, be restored to modern use,

and prove ornamental to a modern breakfast-room, answering as the china

cabinet repository of a tea equipage"

In 1922 housekeeping book entitled How to prepare and Serve a Meal, Lillian



P a g e | 8

Beverages: punch, coffee, chocolate (poured from urn, or filled cups

brought from pantry on tray); hot entrées of various sorts (served from

chafing dish or platter) preceded by hot bouillon; cold entrées, salads,

lobster, potatoes, chicken, shrimp, with heavy dressings; hot rolls, wafer-

cut sandwiches (lettuce, tomato, deviled ham, etc.); small cakes, frozen

creams and ices.

The informal luncheon at small tables calls for service by a number of

maids; hence the ―buffet‖ plan is preferable.

The "all-you-can-eat" buffet has been ascribed to Herb Macdonald, a

hotel manager in Minneapolis, Minnesota who introduced the idea in

1946. In his 1965 novel The Muses of Ruin, William Pearson wrote,

of the buffet:

At midnight every self-respecting casino premières its buffet — the eighth

wonder of the world, the one true art form this androgynous harlot of



P a g e | 9

Conclusion

Sky Raspado offer a luxury buffet at a roof top of hotel in center of

Bangkok. This luxury buffet offer an international food include Thai food also,

by offer this buffet to mid-level up to high class people who love in buffet and

want to view Bangkok in midnight at a roof top of high building that can view

Bangkok at midnight 360o. The customers who come to Sky Raspado will have

a romance time with Bangkok midnight atmosphere accompany with jazz music

that can made impression to customer. On top of that Sky Raspado offer a

seasonal food and special food in each event to made customer can try a

different food from menu.

Situation of industry:



P a g e | 10

Marketing Analysis

• Market Image

Sky Raspado aims to have its image as a high quality dining buffet

place along with the gorgeously atmosphere which providing luxury and

romantically feelings right from stepping in. besides, the company has

carefully selected meals based from high society preferences in order to

create additional value and uniqueness in menus for customers.

• Product and service

The product line available along with restaurant buffet service is that

the company is also providing wines, champagne, beers and whisky with

the variable prices in order to expand the gab of potential customers as

some are counted in elastic demand and some are inelastic demand.

Moreover, there are also additional meals available in menu list order for



P a g e | 11

be established. Networks can be modeled from factory to the consumer,

taking into account all the key cost and service

• Customer Loyalty

Sky Raspado company is willing to focus on retaining the customers

by providing customer relation management (CRM) to all levels of

employees. Moreover, the company creates a certain strategy to retain the

customers as the company provides discount member cards to customers.

• Marketing and Distribution Costs

For the marketing and distribution cost, the company will have to pay

the marketing cost caused by the multiple types of advertisement



P a g e | 12

Mission of the company

In order to reach the goal, the firm is continually improving the service and

product as a main factor. The firm plans on improve the entire organization

since the bottom up to the top. The company is focuses on recruiting qualified

workers to work under the most appropriate department. Also, the firm will

keep on doing the research and development to evaluate the current

performance according to the quality of food and service due to attempted on

improving the entire company based on our research.

Strategy of the company

Corporal level



P a g e | 13

Business level

- This is the way that can help us to have more advantage competition

than the competitors and this is the best way to attract the customers

from our competitor to be our customer instead. So we will use

competitive strategies in order to make competitive advantage for our

company that includes

Functional level

- Functional level strategy is a short-term operational strategy which

operates to respond and support the business level strategy. We use

this strategy for help to control and monitor the management mostly

and is the plan in detail with the that what are the plans of each

department our plan for achieve business goals. We will be distributed

strategy to each functions of business such as marketing, finance,

i d h i d h i



P a g e | 14

• The company ensures that functional strategies mesh with business-level

strategies and the overall corporate-level strategy.

• We support the development of the quality of the language of the hostess

and waitress.

• We encourage our employees have to study the use of languages other

than English.

• We have insurance for our employees because people who work on the

building.

• The quality of the work of two times per month to encourage employees

to take work.

• The system of brotherhood in the organization.



P a g e | 15

Chapter 3

Market feasibility study

General Environmental Analysis

Companies to effectively compete in the analysis of the industry its specificto be taken. This is done so that the company has adscription of elements in a

society that has a direct impact on the industry and the direction managers need

to implement appropriate strategies for survival. This study is commonly

referred to as a general environmental analysis primarily consists. The main

factor is the political / legal, economic, social, cultural and technological. These

four parts are described. Environmental factors the company must understand to

effectively compete in specific markets.



P a g e | 16

Target market

Sky Raspado restaurant has divided the segmentation into two major

categories which are Thai people whoever are in the middle to the

top class customers and the customers from the overseas whoever

being motivated or interested and seek in having such a romantic

dinning buffet in Bangkok, Thailand.

To classify more specifically, the restaurant is aimed to the type of

customers which have none price sensitive or whoever that have the

intentions of creating great atmosphere or quality of dinning

Positioning

The restaurant has positioning itself as romantic dining in Bangkok on the

rooftop finest restaurant with great views of Bangkok and Chao Phraya River.

Besides, the restaurant is embedding with ancient Greek decorating style



P a g e | 17

Price- the restaurant has set it price as high as the quality is( fair price

)due to a great atmosphere in order to create the perception of high

society restaurant with high quality in both product and services to

customers and it aimed to customers who have less price sensitive but

rather to whom have the intention of creating a perfect dinning time

Production- the restaurant is emphasis on providing great quality of meals

by choosing high quality and qualified products in order to create value to

its meals with exclusive secret ingredients from the selected chiefs.

Promotion- – the business has chosen the place to locate the restaurant

based by the atmosphere around the place as the firm emphasize on

creating value to customers. The firm has located the restaurant on the top

of a certain building in Silom, Bangkok which provides 360o views



P a g e | 18

coupled with a seductive selection of the finest vintages, beverages, cocktails

and appetizers in Bangkok.

Product

-

Product of Sirocco Skybar are foods is mediterranean-style dishes suchas Seafood bisque, Wagyu beef burger with seared foie gras, And Sky

Bar serves drinks and cocktails.

Price

- The price of foods in sirocco restaurant it’s varying because it sells many

foods the price depends on each type of product in a period of time

Place



P a g e | 19

Product

- The product of the nest bar and restaurant is international foods such as

Prawn salad, Australian beef steak and beverage such as Mojito,Cocktails.

Price

- Rank of foods begin about 200 – 500

- Rank of drink begin about 250 – 1000

Place

- They have promoted their products through the Internet such as company



P a g e | 20

Brand loyalty: Consumers are less loyal to the brand because

the product is no different

Absolute cost advantages: Costs for businesses are variable costs make

entrepreneurs cannot operate cost to low than competitor every year.

- Rivalry among Established Firms

Competition in the restaurant business is more violence because

entrepreneurs both small and large are making the Tournament format

to changing. Change in consumer behavior from cooking at home to eating out,demand for goods and services has increased and competition in the restaurant

business has changed from competing product to compete different aspect

and packaging including the promotion of a sale, because now product can

be copied easily and dissemination of knowledge and production methods.



P a g e | 21

Customer Analysis

Our customers are people who live in Bangkok and have salaries about

10000-50000 baht. There are 40.8% of people in Bangkok have salaries 10000-

50000. We assume that 20 % of those people have customer power to our

restaurant. Then Thai people whoever is in the middle to the top class customers

the customers from the overseas whoever being motivated or interested and

seek in having such a romantic dinning buffed.

Another customers group that we focus on is family group or copper

group for dinner because our restaurant is buffer restaurant we see the

opportunity to crate the relationship with them by carte good service, good taste

and good atmosphere.



P a g e | 22

Marketing Expenses

Billboard

- Si-lom highway : 50,000 baht/month (First 3 years opened)

- Ram-in-thra expressway : 15,000 baht/month (First year

opened)

Leaflet

A5 four color size: 4.19 baht/ sheet

- First year: 20,950 baht/month (5000 leaflets), for every month

- Second year: 12,570 baht/month (3000 leaflets), for 2 month

per time

- Third years: 12,570 baht/month (3000 leaflets), for 3 month

per time



P a g e | 23

YEAR 2

Advertising JAN FEB MAR APR MAY JUN JUL AUG SEPT OCT NOV DEC

Billboard 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 600,000

Leaflet 12,570 12,570 12,570 12,570 12,570 12,570 75,420

675,420

YEAR 3 Advertising JAN FEB MAR APR MAY JUN JUL AUG SEPT OCT NOV DEC

Billboard 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 600,000

Leaflet 12,570 12,570 12,570 12,570 50,280

650,280

YEAR 4


Billboard - - - - - - - - - - - - -

Leaflet 12,570 12,570 12,570 12,570 50,280

50,280

YEAR 5


Billboard - - - - - - - - - - - - -

Leaflet 12,570 12,570 12,570 12,570 50,280

50,280



P a g e | 24

Reference

Billboard Si-lom highway :http://classified.thaizab.com/4832/%E0%B9%83%E0%B8%AB%E0%B9%89%E0%B9%80%E0%B8%8A%E0%B9%88%E0%B8%B2%E0%B8%9E%E0%B8%B7%E0

%B9%89%E0%B8%99%E0%B8%97%E0%B8%B5%E0%B9%88%E0%B9%82%E0%B8%86%E0%B8%A9%E0%B8%93%E0%B8%B2-%E0%B8%A3%E0%B8%B4%E0%B8%A1%E0%B8%96%E0%B8%99%E0%B8%99%E0%B8%AA%E0%B8%B5%E0%B8%A5%E0%B8%A1.html

Billboard Ram-in-thra expressway : http://www.sign4ad.com/mod/sign/sign.php?id_sign=85

Leaflet : http://www.ithaiprint.com/16-quick

http://classified.thaizab.com/4832/%E0%B9%83%E0%B8%AB%E0%B9%89%E0%B9%80%E0%B8%8A%E0%B9%88%E0%B8%B2%E0%B8%9E%E0%B8%B7%E0%B9%89%E0%B8%99%E0%B8%97%E0%B8%B5%E0%B9%88%E0%B9%82%E0%B8%86%E0%B8%A9%E0%B8%93%E0%B8%B2-%E0%B8%A3%E0%B8%B4%E0%B8%A1%E0%B8%96%E0%B8%99%E0%B8%99%E0%B8%AA%E0%B8%B5%E0%B8%A5%E0%B8%A1.html




http://www.sign4ad.com/mod/sign/sign.php?id_sign=85



http://www.ithaiprint.com/16-quick










P a g e | 25

Conclusion:

The Sky Raspado is a sky restaurant at Bangkok. We focus segment on

customer who have high income including middle age to old people that seek to

have the great time. We set target market is Thai people in middle class to top

class and the customer from overseas, who want spend a special time with

romantic dinning buffet in Bangkok, Thailand. The restaurant has positioning

itself as romantic dining in Bangkok on the rooftop finest restaurant with great

views of Bangkok and Chao Phraya River. In Addition to the restaurant look

like ancient Greek decorating style combining with classical Spain decoration

desire. For the marketing tools that are used to satisfy customers and company

objective is marketing mix (4Ps). However our restaurant had competitors are

Sirocco and sky bar. Situated on the 64th floor of the Lebua Hotel and State

Tower building, located in Bangkok’s Bang Rak district, Sirocco Sky bar is

largest open-air restaurant. By the way we can got the customers from different



P a g e | 26

Asset Price Useful life Depreciation Expence

KitchenCerchio Plates 15,800 5 3,160

Floraison Plates 22,900 5 4,580

Golf Plates 18,500 5 3,700

Golf Plates 12,000 5 2,400 FILA Food Storage 2,390 5 478

FONTA Food Storage 2,390 5 478

BELLA CLASSICO Pots & Pans 22,000 5 4,400

ATHENA Pots 9,900 5 1,980

ATHENA PLUS Pots 5,900 5 1,180

CELEBRATE Pans 5,900 5 1,180

BAAS Cutting 5,900 5 1,180

HELPER Cooking Gadget 4,400 5 880

HELPER Cooking Gadget 4,400 5 880

HELPER Cooking Gadget 5,600 5 1,120

PROGRIB 2 Cooking Gadget 4,170 5 834

PROGRIB 2 Cooking Gadget 5,970 5 1,194

PRESTIGE Cutting 7,960 5 1,592

Cooking Accessories 1,980 5 396

Cooking Accessories 4580 5 916

CV921 G Oven 7,950 5 1,590 Spoons soup (Flatware) 43,500 5 8,700

Knives (Flatware) 29,500 5 5,900

Spoons, Forks (Flatware) 36,500 5 7,300

Spoons, Forks (Flatware) 49,500 5 9,900

Table Accessories 18,960 5 3,792

Table Accessories 4,410 5 882

Total 352,960 70,592 5,882.67

DinningroomDinning Set ( 2 sit ) 114,100 5 22,820

Dinning Set ( 4 sit ) 145,300 5 29,060

Dinning Set ( 4 sit ) 143,300 5 28,660

Dinning Set ( 6 sit ) 119,520 5 23,904

Dinning Set ( 6 sit ) 70,200 5 14,040

Total 592,420 118,484 9,873.67

Chapter 4

Investment

4.1 Tool and Equipments and depreciation



P a g e | 27

4.2 Office Supplies

Unit Price/Unit Total

Note 12 65.00 780.00

Pen 6 10.00 60.00

Bill 12 45.00 540.00

File 5 58.00 290.00

Siccor 1 65.00 65.00

Hilight Pen 2 26.00 52.00

Paper Machine 1 120.00 120.00Tissue 8 55.00 440.00

Cabage Bag 4 70.00 280.00

Cabage 3 59.00 177.00

Mop 3 138.00 414.00

Bloom 5 20.00 100.00BathroomCleaner 1 65.00 65.00

Floor Cleaner 2 84.00 168.00

Glass Cleaner 1 35.00 35.00

3,586.00



P a g e | 28

Map directs to the location



P a g e | 29

4.4 Equipment and Tools

Kitchen

Tools Product Units Price

(baht)

Total (

THB )

Cerchio Plates 20 790 15,800

Floraison Plates 10 2,290 22,900

Golf Plates 100 185 18,500



P a g e | 30

BELLA

CLASSICO Pots

& Pans

4 5,500 22,000

ATHENA Pots 10 990 9,900

ATHENA PLUS Pots 10 590 5,900

CELEBRATE Pans 10 590 5,900



P a g e | 31

HELPER CookingGadget

20 280 5,600

PROGRIB 2Cooking Gadget

3 1,390 4,170

PROGRIB 2Cooking Gadget

3 1,990 5,970

PRESTIGE Cutting 4 1,990 7,960



P a g e | 32

Spoons soup(Flatware)

100 435 43,500

Knives (Flatware) 100 295 29,500

Spoons, Forks(Flatware)

100 365 36,500

Spoons, Forks(Flatware)

50 990 49,500



P a g e | 33

Dinning Rooms

Dinning Set ( 2 sit ) 7 16,300 114,100

Dinning Set ( 4 sit ) 5 29,060 145,300

Dinning Set ( 4 sit ) 5 28,660 143,300



P a g e | 34

Category

LightenChandelier

6 6,990 41,940

Floor Lamp 8 9,900 79,200

Printed Pictures &

Canvas

2 990 1,980



P a g e | 35

Printed Pictures &

Canvas

1 990 990

Printed Pictures &

Canvas

1 990 990

CeramicsSculpture

4 395 1,580



P a g e | 36

Others Decoration

Items

22 29 638

Others Decoration

Items

5 190 950

Flowers Vases 10 1,290 12,900



P a g e | 37

Wine Glasses

Water Glasses 100 72 7,200

Wine Glasses 50 72 3,600

Wine Glasses 20 155 3,100



P a g e | 38

Chapter 5

Operation

5.1 wage and salaries

Position people Salary/month Total

Accountant 1 12,000 12,000

General Manager 1 25,000 25,000

Chef 3 30,000 90,000

Chef Assistant 4 15,000 60,000

Bartender 2 15,000 30,000

Waiter 6 10,000 60,000

Receptionist 2 9,000 18,000



P a g e | 39

5.2 income statement

YEAR 1

JAN FEB MAR APR MAY JUN JUL AUG SEPT OCT NOV DEC Total

Revenues

Revenues form buffet 899,100.00 1,048,950.00 1,228,770.00 1,348,650.00 1,348,650.00 1,498,500.00 1,348,650.00 1,438,560.00 1,038,960.00 1,258,740.00 1,438,560.00 1,918,080.00 15,814,170.00

Revenues from red lable 87,480.00 102,060.00 119,556.00 131,220.00 131,220.00 145,800.00 131,220.00 139,968.00 101,088.00 122,472.00 139,968.00 186,624.00 1,538,676.00

Revenues from bl ack lable 154,440.00 180,180.00 211,068.00 231,660.00 231,660.00 257,400.00 231,660.00 247,104.00 178,464.00 216,216.00 247,104.00 329,472.00 2,716,428.00

Revenues from champagne 432,000.00 504,000.00 590,400.00 648,000.00 648,000.00 720,000.00 648,000.00 691,200.00 499,200.00 604,800.00 691,200.00 921,600.00 7,598,400.00

Revenues from wine Australia 117,720.00 137,340.00 160,884.00 176,580.00 176,580.00 196,200.00 176,580.00 188,352.00 136,032.00 164,808.00 188,352.00 251,136.00 2,070,564.00

Revenues from wine France '72 171,072.00 199,584.00 233,798.40 256,608.00 256,608.00 285,120.00 256,608.00 273,715.20 197,683.20 239,500.80 273,715.20 364,953.60 3,008,966.40


Total Revenues 2,077,380.00 2,423,610.00 2,839,086.00 3,116,070.00 3,116,070.00 3,462,300.00 3,116,070.00 3,323,808.00 2,400,528.00 2,908,332.00 3,323,808.00 4,431,744.00 36,538,806.00

Expenses

Direct materiaFood 324,900.00 379,050.00 444,030.00 487,350.00 487,350.00 541,500.00 487,350.00 519,840.00 375,440.00 454,860.00 519,840.00 693,120.00 5,714,630.00

Red Lable 56,619.00 66,055.50 77,379.30 84,928.50 84,928.50 94,365.00 84,928.50 90,590.40 65,426.40 79,266.60 90,590.40 120,787.20 995,865.30

Black lable 118,701.00 138,484.50 162,224.70 178,051.50 178,051.50 197,835.00 178,051.50 189,921.60 137,165.60 166,181.40 189,921.60 253,228.80 2,087,818.70

Champagne 360,000.00 420,000.00 492,000.00 540,000.00 540,000.00 600,000.00 540,000.00 576,000.00 416,000.00 504,000.00 576,000.00 768,000.00 6,332,000.00

Wine Australia 98,100.00 114,450.00 134,070.00 147,150.00 147,150.00 163,500.00 147,150.00 156,960.00 113,360.00 137,340.00 156,960.00 209,280.00 1,725,470.00

Wine France '72 142,560.00 166,320.00 194,832.00 213,840.00 213,840.00 237,600.00 213,840.00 228,096.00 164,736.00 199,584.00 228,096.00 304,128.00 2,507,472.00

Wine France '55 179,640.00 209,580.00 245,508.00 269,460.00 269,460.00 299,400.00 269,460.00 287,424.00 207,584.00 251,496.00 287,424.00 383,232.00 3,159,668.00

Building rent Expense 140,000.00 140,000.00 140,000.00 140,000.00 140,000.00 140,000.00 140,000.00 140,000.00 140,000.00 140,000.00 140,000.00 140,000.00 1,680,000.00

Electricity 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 60,000.00

Water supply 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 12,000.00

Depreciation Expense 57,704.07 57,704.07 57,704.07 57,704.07 57,704.07 57,704.07 57,704.07 57,704.07 57,704.07 57,704.07 57,704.07 57,704.07 692,448.80

Internet Expense 700.00 700.00 700.00 700.00 700.00 700.00 700.00 700.00 700.00 700.00 700.00 700.00 8,400.00

Telephone Expense 1,600.00 1,600.00 1,600.00 1,600.00 1,600.00 1,600.00 1,600.00 1,600.00 1,600.00 1,600.00 1,600.00 1,600.00 19,200.00

Supplies Expense 3,586.00 3,586.00 3,586.00 3,586.00 3,586.00 3,586.00 3,586.00 3,586.00 3,586.00 3,586.00 3,586.00 3,586.00 43,032.00

Salaries Expense 311,500.00 311,500.00 311,500.00 311,500.00 311,500.00 311,500.00 311,500.00 311,500.00 311,500.00 311,500.00 311,500.00 311,500.00 3,738,000.00

Interest expense 362,500.00 356,458.33 350,416.67 344,375.00 338,333.33 332,291.67 326,250.00 320,208.34 314,166.67 308,125.00 302,083.34 296,041.67 3,951,250.02

Total Expenses 2,164,110.07 2,371,488.40 2,621,550.73 2,786,245.07 2,780,203.40 2,987,581.73 2,768,120.07 2,890,130.40 2,314,968.74 2,621,943.07 2,872,005.40 3,548,907.74 32,727,254.82 Earning before taxes 86,730.07- 52,121.60 217,535.27 329,824.93 335,866.60 474,718.27 347,949.93 433,677.60 85,559.26 286,388.93 451,802.60 882,836.26 3,811,551.18

Taxes - 15,636.48 65,260.58 98,947.48 100,759.98 142,415.48 104,384.98 130,103.28 25,667.78 85,916.68 135,540.78 264,850.88 1,169,484.38

Net Income 86,730.07- 36,485.12 152,274.69 230,877.45 235,106.62 332,302.79 243,564.95 303,574.32 59,891.49 200,472.25 316,261.82 617,985.38 2,642,066.81

Dividend - 3,648.51 15,227.47 23,087.75 23,510.66 33,230.28 24,356.50 30,357.43 5,989.15 20,047.23 31,626.18 61,798.54 272,879.69

Retained Earnings 86,730.07- 32,836.61 137,047.22 207,789.71 211,595.96 299,072.51 219,208.46 273,216.89 53,902.34 180,425.03 284,635.64 556,186.85 2,369,187.12



P a g e | 40

YEAR 2JAN FEB MAR APR MAY JUN JUL AUG SEPT OCT NOV DEC Total

Revenues



Revenues from b lack lable 157,837.68 184,143.96 215,711.50 236,756.52 236,756.52 263,062.80 236,756.52 252,540.29 182,390.21 220,972.75 252,540.29 336,720.38 2,776,189.42





Total Revenues 2,123,082.36 2,476,929.42 2,901,545.89 3,184,623.54 3,184,623.54 3,538,470.60 3,184,623.54 3,396,931.78 2,453,339.62 2,972,315.30 3,396,931.78 4,529,242.37 37,342,659.73

Expenses

Direct material

Food 332,047.80 387,389.10 453,798.66 498,071.70 498,071.70 553,413.00 498,071.70 531,276.48 383,699.68 464,866.92 531,276.48 708,368.64 5,840,351.86

Red Lable 57,864.62 67,508.72 79,081.64 86,796.93 86,796.93 96,441.03 86,796.93 92,583.39 66,865.78 81,010.47 92,583.39 123,444.52 1,017,774.34

Black lable 121,312.42 141,531.16 165,793.64 181,968.63 181,968.63 202,187.37 181,968.63 194,099.88 140,183.24 169,837.39 194,099.88 258,799.83 2,133,750.71

Champagne 367,920.00 429,240.00 502,824.00 551,880.00 551,880.00 613,200.00 551,880.00 588,672.00 425,152.00 515,088.00 588,672.00 784,896.00 6,471,304.00

Wine Australia 100,258.20 116,967.90 137,019.54 150,387.30 150,387.30 167,097.00 150,387.30 160,413.12 115,853.92 140,361.48 160,413.12 213,884.16 1,763,430.34

Wine France '72 145,696.32 169,979.04 199,118.30 218,544.48 218,544.48 242,827.20 218,544.48 233,114.11 168,360.19 203,974.85 233,114.11 310,818.82 2,562,636.38

Wine France '55 183,592.08 214,190.76 250,909.18 275,388.12 275,388.12 305,986.80 275,388.12 293,747.33 212,150.85 257,028.91 293,747.33 391,663.10 3,229,180.70


Electricity 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 60,000.00

Water supply 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 12,000.00






Interest Expense 290,000.00 283,958.34 277,916.67 271,875.00 265,833.34 259,791.67 253,750.00 247,708.34 241,666.67 235,625.01 229,583.34 223,541.67 3,081,250.05

Total Expenses 2,119,781.51 2,331,855.08 2,587,551.70 2,756,002.23 2,749,960.56 2,962,034.14 2,737,877.23 2,862,704.71 2,275,022.40 2,588,883.09 2,844,579.71 3,536,506.81 32,352,759.18

Earning before taxes 3,300.85 145,074.34 313,994.19 428,621.31 434,662.98 576,436.46 446,746.31 534,227.07 178,317.21 383,432.22 552,352.07 992,735.56 4,989,900.55

Taxes 990.26 43,522.30 94,198.26 128,586.39 130,398.89 172,930.94 134,023.89 160,268.12 53,495.16 115,029.66 165,705.62 297,820.67 1,496,970.17

Net Income 2,310.60 101,552.04 219,795.93 300,034.92 304,264.08 403,505.52 312,722.42 373,958.95 124,822.05 268,402.55 386,646.45 694,914.89 3,492,930.39

Dividend 231.06 10,155.20 21,979.59 30,003.49 30,426.41 40,350.55 31,272.24 37,395.89 12,482.20 26,840.26 38,664.64 69,491.49 349,293.04

Retained Earnings 2,079.54 91,396.83 197,816.34 270,031.43 273,837.67 363,154.97 281,450.17 336,563.05 112,339.84 241,562.30 347,981.80 625,423.40 3,143,637.35



P a g e | 41

YEAR 3


Revenues



Revenues from black lable 161, 941. 46 188,931.70 221,319.99 242,912.19 242,912.19 269,902.43 242,912.19 259,106.34 187,132.35 226,718.04 259,106.34 345,475.11 2,848,370.34

Revenues from champagne 452,983. 10 528,480.29 619,076.91 679,474.66 679,474.66 754,971.84 679,474.66 724,772.97 523,447.14 634,176.35 724,772.97 966,363.96 7,967,469.48




Total Revenues 2,178,282.50 2,541,329.58 2,976,986.09 3,267,423.75 3,267,423.75 3,630,470.84 3,267,423.75 3,485,252.00 2,517,126.45 3,049,595.50 3,485,252.00 4,647,002.67 38,313,568.89

Expenses

Direct material

Food 340,681.04 397,461.22 465,597.43 511,021.56 511,021.56 567,801.74 511,021.56 545,089.67 393,675.87 476,953.46 545,089.67 726,786.22 5,992,201.01

Red Lable 59,369.10 69,263.95 81,137.77 89,053.65 89,053.65 98,948.50 89,053.65 94,990.56 68,604.29 83,116.74 94,990.56 126,654.08 1,044,236.47

Black lable 124,466.54 145,210.97 170,104.28 186,699.82 186,699.82 207,444.24 186,699.82 199,146.47 143,828.01 174,253.16 199,146.47 265,528.63 2,189,228.23

Champagne 377,485.92 440,400.24 515,897.42 566,228.88 566,228.88 629,143.20 566,228.88 603,977.47 436,205.95 528,480.29 603,977.47 805,303.30 6,639,557.90

Wine Australia 102,864.91 120,009.07 140,582.05 154,297.37 154,297.37 171,441.52 154,297.37 164,583.86 118,866.12 144,010.88 164,583.86 219,445.15 1,809,279.53

Wine France '72 149,484.42 174,398.50 204,295.38 224,226.64 224,226.64 249,140.71 224,226.64 239,175.08 172,737.56 209,278.19 239,175.08 318,900.11 2,629,264.93

Wine France '55 188,365.47 219,759.72 257,432.81 282,548.21 282,548.21 313,942.46 282,548.21 301,384.76 217,666.77 263,711.66 301,384.76 401,846.34 3,313,139.39


Electricity 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 60,000.00

Water supply 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 12,000.00







Total Expenses 2,081,307.49 2,299,052.06 2,561,553.88 2,734,541.20 2,728,499.53 2,946,244.10 2,716,416.20 2,844,646.28 2,241,841.31 2,564,019.46 2,826,521.28 3,536,595.57 32,081,238.35

Earning before taxes 96,975.01 242,277.53 415,432.21 532,882.55 538,924.22 684,226.73 551,007.55 640,605.73 275,285.13 485,576.04 658,730.73 1,110,407.10 6,232,330.53

Taxes 29,092.50 72,683.26 124,629.66 159,864.77 161,677.27 205,268.02 165,302.27 192,181.72 82,585.54 145,672.81 197,619.22 333,122.13 1,869,699.16 Net Income 67,882.51 169,594.27 290,802.55 373,017.79 377,246.95 478,958.71 385,705.29 448,424.01 192,699.59 339,903.23 461,111.51 777,284.97 4,362,631.37

Dividend 6,788.25 16,959.43 29,080.25 37,301.78 37,724.70 47,895.87 38,570.53 44,842.40 19,269.96 33,990.32 46,111.15 77,728.50 436,263.14




P a g e | 42

YEAR 4


Revenues



Revenues from black lable 166, 637.76 194,410.72 227,738.27 249,956.64 249,956.64 277,729.60 249,956.64 266,620.42 192,559.19 233,292.87 266,620.42 355,493.89 2,930,973.08





Total Revenues 2,241,452.69 2,615,028.14 3,063,318.68 3,362,179.04 3,362,179.04 3,735,754.49 3,362,179.04 3,586,324.31 2,590,123.11 3,138,033.77 3,586,324.31 4,781,765.75 39,424,662.38

Expenses

Direct material

Food 350,560.79 408,987.59 479,099.75 525,841.19 525,841.19 584,267.99 525,841.19 560,897.27 405,092.47 490,785.11 560,897.27 747,863.03 6,165,974.84

Red Lable 61,090.80 71,272.60 83,490.76 91,636.20 91,636.20 101,818.00 91,636.20 97,745.28 70,593.82 85,527.12 97,745.28 130,327.04 1,074,519.33

Black lable 128,076.07 149,422.09 175,037.30 192,114.11 192,114.11 213,460.12 192,114.11 204,921.72 147,999.02 179,306.50 204,921.72 273,228.96 2,252,715.85

Champagne 388,433.01 453,171.85 530,858.45 582,649.52 582,649.52 647,388.35 582,649.52 621,492.82 448,855.92 543,806.22 621,492.82 828,657.09 6,832,105.08

Wine Australia 105,848.00 123,489.33 144,658.93 158,771.99 158,771.99 176,413.33 158,771.99 169,356.79 122,313.24 148,187.19 169,356.79 225,809.06 1,861,748.64

Wine France '72 153,819.47 179,456.05 210,219.95 230,729.21 230,729.21 256,365.79 230,729.21 246,111.16 177,746.95 215,347.26 246,111.16 328,148.21 2,705,513.61 Wine France '55 193,828.07 226,132.75 264,898.37 290,742.11 290,742.11 323,046.79 290,742.11 310,124.92 223,979.11 271,359.30 310,124.92 413,499.89 3,409,220.44


Electricity 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 60,000.00

Water supply 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 12,000.00







Total Expenses 2,047,746.30 2,271,980.67 2,542,270.25 2,720,449.41 2,714,407.74 2,938,642.11 2,702,324.41 2,834,448.37 2,214,337.27 2,546,033.79 2,816,323.37 3,547,165.02 31,896,128.70


Taxes 58,111.92 102,914.24 156,314.53 192,518.89 194,331.39 239,133.71 197,956.39 225,562.78 112,735.75 177,599.99 231,000.28 370,380.22 2,258,560.10

Net Income 135,594.48 240,133.23 364,733.90 449,210.74 453,439.91 557,978.66 461,898.24 526,313.16 263,050.09 414,399.99 539,000.66 864,220.51 5,269,973.58

Dividend 13,559.45 24,013.32 36,473.39 44,921.07 45,343.99 55,797.87 46,189.82 52,631.32 26,305.01 41,440.00 53,900.07 86,422.05 526,997.36




P a g e | 43

YEAR 5


Revenues

Revenues form buffet 1,005,035.46 1,172,541.37 1,373,548.46 1,507,553.19 1,507,553.19 1,675,059.10 1,507,553.19 1,608,056.73 1,161,374.31 1,407,049.64 1,608,056.73 2,144,075.65 17,677,457.01



Revenues from champagne 482,899.92 563,383.24 659,963.22 724,349.88 724,349.88 804,833.20 724,349.88 772,639.87 558,017.69 676,059.89 772,639.87 1,030,186.50 8,493,673.04




Total Revenues 2,322,144.99 2,709,169.16 3,173,598.15 3,483,217.49 3,483,217.49 3,870,241.65 3,483,217.49 3,715,431.99 2,683,367.55 3,251,002.99 3,715,431.99 4,953,909.31 40,843,950.23

Expenses

Direct material

Food 363,180.98 423,711.15 496,347.34 544,771.47 544,771.47 605,301.64 544,771.47 581,089.57 419,675.80 508,453.37 581,089.57 774,786.09 6,387,949.93

Red Lable 63,290.07 73,838.42 86,496.43 94,935.11 94,935.11 105,483.45 94,935.11 101,264.11 73,135.19 88,606.10 101,264.11 135,018.82 1,113,202.02

Black lable 132,686.81 154,801.28 181,338.65 199,030.22 199,030.22 221,144.69 199,030.22 212,298.90 153,326.98 185,761.54 212,298.90 283,065.20 2,333,813.62

Champagne 402,416.60 469,486.03 549,969.35 603,624.90 603,624.90 670,694.33 603,624.90 643,866.56 465,014.74 563,383.24 643,866.56 858,488.75 7,078,060.87

Wine Australia 109,658.52 127,934.94 149,866.65 164,487.79 164,487.79 182,764.21 164,487.79 175,453.64 126,716.52 153,521.93 175,453.64 233,938.18 1,928,771.59

Wine France '72 159,356.97 185,916.47 217,787.86 239,035.46 239,035.46 265,594.96 239,035.46 254,971.16 184,145.84 223,099.76 254,971.16 339,961.54 2,802,912.10

Wine France '55 200,805.88 234,273.53 274,434.71 301,208.83 301,208.83 334,676.47 301,208.83 321,289.41 232,042.35 281,128.24 321,289.41 428,385.88 3,531,952.37


Electricity 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 60,000.00

Water supply 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 12,000.00






Interest Expense 72,500.01 66,458.35 60,416.68 54,375.01 48,333.35 42,291.68 36,250.01 30,208.35 24,166.68 18,125.01 12,083.35 6,041.68 471,250.16

Total Expenses 2,024,985.92 2,257,510.23 2,537,747.74 2,722,558.85 2,716,517.18 2,949,041.49 2,704,433.85 2,841,531.77 2,199,314.17 2,543,169.27 2,823,406.77 3,580,776.22 31,900,993.46


Taxes 89,147.72 135,497.68 190,755.13 228,197.59 230,010.09 276,360.05 233,635.09 262,170.07 145,216.01 212,350.12 267,607.57 411,939.93 2,682,887.03

Net Income 208,011.35 316,161.25 445,095.29 532,461.05 536,690.21 644,840.11 545,148.55 611,730.15 338,837.36 495,483.61 624,417.65 961,193.17 6,260,069.74

Dividend 20,801.13 31,616.12 44,509.53 53,246.10 53,669.02 64,484.01 54,514.85 61,173.02 33,883.74 49,548.36 62,441.77 96,119.32 626,006.97




P a g e | 44

5.2 cash flow statement

YEAR 1

JAN FEB MAR APR MAY JUN JUL AUG SEPT OCT NOV DEC

Cash flows from operating activities:

Net income 86,730.07- 36,485.12 152,274.69 230,877.45 235,106.62 332,302.79 243,564.95 303,574.32 59,891.49 200,472.25 316,261.82 617,985.38

Depreciation Expense 57,704.07 57,704.07 57,704.07 57,704.07 57,704.07 57,704.07 57,704.07 57,704.07 57,704.07 57,704.07 57,704.07 57,704.07

Supplies used 3,586.00- 3,586.00- 3,586.00- 3,586.00- 3,586.00- 3,586.00- 3,586.00- 3,586.00- 3,586.00- 3,586.00- 3,586.00- 3,586.00-

Inventories 1,664,676.00- 277,446.00- 332,935.20- 221,956.80- - 277,446.00- 277,446.00 166,467.60- 739,856.00 406,920.80- 332,935.20- 341,472.00-

Net cash prov ide( lo ss ) f rom opera ting ac ti vi ti es 1 ,697 ,288 .00- 186,842.81- 126,542.45- 63,038.72 289,224.69 108,974.85 575,129.02 191,224.79 853,865.55 152,330.48- 37,444.68 330,631.45

Cash flows from investing activities

Cash paid for decoration 3,320,000.00

Purchase of equipment 1,961,944.00

Net cash p rovide(los s) f rom inves ting act iv it ies 5 ,281 ,944 .00- - - - - - - - - - - -

Cash flows from financing activities

redemption of long-term debt 83,333.33 83,333.33 83,333.33 83,333.33 83,333.33 83,333.33 83,333.33 83,333.33 83,333.33 83,333.33 83,333.33 83,333.33

Cash dividend - 3,648.51 15,227.47 23,087.75 23,510.66 33,230.28 24,356.50 30,357.43 5,989.15 20,047.23 31,626.18 61,798.54

Ne t c ash p ro vi de (l oss) f ro m f ina nci ng a ct iv it ie s 83, 333. 33- 86,981.84- 98,560.80- 106,421.08- 106,843.99- 116,563.61- 107,689.83- 113,690.76- 89,322.48- 103,380.56- 114,959.51- 145,131.87-

Cash balance, prior period 10,000,000.00 2,937,434.67 2,663,610.01 2,438,506.77 2,395,124.41 2,577,505.11 2,569,916.35 3,037,355.54 3,114,889.57 3,879,432.64 3,623,721.61 3,546,206.78

Cash balance, current period 2,937,434.67 2,663,610.01 2,438,506.77 2,395,124.41 2,577,505.11 2,569,916.35 3,037,355.54 3,114,889.57 3,879,432.64 3,623,721.61 3,546,206.78 3,731,706.36

YEAR 2



Net income 2,310.60 101,552.04 219,795.93 300,034.92 304,264.08 403,505.52 312,722.42 373,958.95 124,822.05 268,402.55 386,646.45 694,914.89


Supplies used 3,586.00- 3,586.00- 3,586.00- 3,586.00- 3,586.00- 3,586.00- 3,586.00- 3,586.00- 3,586.00- 3,586.00- 3,586.00- 3,586.00-

Inventories 2,042,770.87- 283,549.81- 340,259.77- 226,839.85- - 283,549.81- 283,549.81 170,129.89- 756,132.83 415,873.06- 340,259.77- 348,984.38-

Net cash prov ide( lo ss ) f rom opera ting ac ti vi ti es 1 ,986 ,342 .21- 127,879.71- 66,345.78- 127,313.13 358,382.15 174,073.78 650,390.29 257,947.13 935,072.95 93,352.44- 100,504.74 400,048.57


Net cash provide(loss) from investing activities - - - - - - - - - - - -



Cash dividend 231.06 10,155.20 21,979.59 30,003.49 30,426.41 40,350.55 31,272.24 37,395.89 12,482.20 26,840.26 38,664.64 69,491.49




YEAR 3



Net income 67,882.51 169,594.27 290,802.55 373,017.79 377,246.95 478,958.71 385,705.29 448,424.01 192,699.59 339,903.23 461,111.51 777,284.97


Supplies used 3,586.00- 3,586.00- 3,586.00- 3,586.00- 3,586.00- 3,586.00- 3,586.00- 3,586.00- 3,586.00- 3,586.00- 3,586.00- 3,586.00-

Inventories 2,094,517.03- 290,922.11- 349,106.53- 232,737.69- - 290,922.11- 290,922.11 174,553.26- 775,792.29 426,685.76- 349,106.53- 358,057.98-Net cash prov ide( lo ss ) f rom opera ting ac ti vi ti es 1 ,972 ,516 .45- 67,209.77- 4,185.92- 194,398.17 431,365.02 242,154.67 730,745.46 327,988.81 1,022,609.95 32,664.46- 166,123.05 473,345.06





Cash dividend 6,788.25 16,959.43 29,080.25 37,301.78 37,724.70 47,895.87 38,570.53 44,842.40 19,269.96 33,990.32 46,111.15 77,728.50


Cash balance, prior period 3,112,225.97 1,049,587.94 882,085.41 765,485.91 839,248.97 1,149,555.96 1,260,481.43 1,869,323.03 2,069,136.11 2,989,142.77 2,839,154.66 2,875,833.22

Cash balance, current period 1,049,587.94 882,085.41 765,485.91 839,248.97 1,149,555.96 1,260,481.43 1,869,323.03 2,069,136.11 2,989,142.77 2,839,154.66 2,875,833.22 3,188,116.46



P a g e | 45

YEAR 4



Net income 135,594.48 240,133.23 364,733.90 449,210.74 453,439.91 557,978.66 461,898.24 526,313.16 263,050.09 414,399.99 539,000.66 864,220.51


Supplies used 3,586.00- 3,586.00- 3,586.00- 3,586.00- 3,586.00- 3,586.00- 3,586.00- 3,586.00- 3,586.00- 3,586.00- 3,586.00- 3,586.00-

Inventories 2,154,211.07- 299,358.85- 359,230.62- 239,487.08- - 299,358.85- 299,358.85 179,615.31- 798,290.26 439,059.64- 359,230.62- 368,441.66-

Net cash prov ide( lo ss ) f rom opera ting ac ti vi ti es 1 ,964 ,498 .52- 5,107.55- 59,621.35 263,841.73 507,557.97 312,737.88 815,375.16 400,815.92 1,115,458.42 29,458.41 233,888.11 549,896.92




redemption of long-term debt 83,333.33 83,333.33 83,333.33 83,333.33 83,333.33 83,333.33 83,333.33 83,333.33 83,333.33 83,333.33 83,333.33 83,333.33 Cash dividend 13,559.45 24,013.32 36,473.39 44,921.07 45,343.99 55,797.87 46,189.82 52,631.32 26,305.01 41,440.00 53,900.07 86,422.05


Cash balance, prior period 3,188,116.46 1,126,725.16 1,014,270.95 954,085.59 1,089,672.91 1,468,553.57 1,642,160.25 2,328,012.25 2,592,863.53 3,598,683.61 3,503,368.69 3,600,023.40

Cash balance, current period 1,126,725.16 1,014,270.95 954,085.59 1,089,672.91 1,468,553.57 1,642,160.25 2,328,012.25 2,592,863.53 3,598,683.61 3,503,368.69 3,600,023.40 3,980,164.94

YEAR 5



Net income 208,011.35 316,161.25 445,095.29 532,461.05 536,690.21 644,840.11 545,148.55 611,730.15 338,837.36 495,483.61 624,417.65 961,193.17


Supplies used 3,586.00- 3,586.00- 3,586.00- 3,586.00- 3,586.00- 3,586.00- 3,586.00- 3,586.00- 3,586.00- 3,586.00- 3,586.00- 3,586.00-

Inventories 2,229,256.26- 310,135.77- 372,162.92- 248,108.61- - 310,135.77- 310,135.77 186,081.46- 827,028.71 454,865.79- 372,162.92- 381,705.56-

Net cash prov ide( lo ss ) f rom opera ting ac ti vi ti es 1 ,967 ,126 .85- 60,143.55 127,050.44 338,470.50 590,808.28 388,822.41 909,402.38 479,766.76 1,219,984.14 94,735.88 306,372.80 633,605.67





Cash dividend 20,801.13 31,616.12 44,509.53 53,246.10 53,669.02 64,484.01 54,514.85 61,173.02 33,883.74 49,548.36 62,441.77 96,119.32

Ne t c ash pro vi de (l oss) fro m f ina nci ng act iv it ie s 1 04, 134. 46- 114,949.45- 127,842.86- 136,579.43- 137,002.35- 147,817.34- 137,848.18- 144,506.35- 117,217.07- 132,881.69- 145,775.10- 179,452.65-





P a g e | 46

5.3 balance sheet

Year1 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

Cash 2,941,020.67 2,670,782.02 2,449,264.78 2,409,468.43 2,595,435.12 2,591,432.37 3,062,457.57 3,143,577.60 3,911,706.67 3,659,581.64 3,585,652.81 3,774,738.40

Inventory 1,664,676.00 1,942,122.00 2,275,057.20 2,497,014.00 2,497,014.00 2,774,460.00 2,497,014.00 2,663,481.60 1,923,625.60 2,330,546.40 2,663,481.60 3,004,953.60

Property, Plant , and Equipment 5,281,944.00 5,281,944.00 5,281,944.00 5,281,944.00 5,281,944.00 5,281,944.00 5,281,944.00 5,281,944.00 5,281,944.00 5,281,944.00 5,281,944.00 5,281,944.00

Accumulated Depreciation 57,704.07- 115,408.14- 173,112.21- 230,816.28- 288,520.35- 346,224.42- 403,928.49- 461,632.56- 519,336.63- 577,040.70- 634,744.77- 692,448.84-

Total Assets 9,829,936.60 9,779,439.88 9,833,153.77 9,957,610.15 10,085,872.77 10,301,611.95 10,437,487.08 10,627,370.64 10,597,939.64 10,695,031.34 10,896,333.64 11,369,187.16

long-term liabilities 4,916,666.67 4,833,333.34 4,750,000.01 4,666,666.68 4,583,333.35 4,500,000.02 4,416,666.69 4,333,333.36 4,250,000.03 4,166,666.70 4,083,333.37 4,000,000.04

Common stock 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00

Retained Earnings 86,730.07- 53,893.46- 83,153.76 290,943.47 502,539.42 801,611.93 1,020,820.39 1,294,037.28 1,347,939.61 1,528,364.64 1,813,000.27 2,369,187.12

Total liabilities & equi 9,829,936.60 9,779,439.88 9,833,153.77 9,957,610.15 10,085,872.77 10,301,611.95 10,437,487.08 10,627,370.64 10,597,939.64 10,695,031.34 10,896,333.64 11,369,187.16


Cash 5,054,843.41 4,837,061.17 4,668,988.47 4,686,550.78 4,934,759.20 4,988,735.10 5,528,105.83 5,668,909.73 6,511,753.15 6,311,813.13 6,293,905.89 6,544,715.65

Inventory 1,701,298.87 1,984,848.68 2,325,108.46 2,551,948.31 2,551,948.31 2,835,498.12 2,551,948.31 2,722,078.20 1,965,945.36 2,381,818.42 2,722,078.20 3,071,062.58


Accumu lated Deprecia ti on 750 ,152.91- 807,856.98- 865,561.05- 923,265.12- 980,969.19- 1,038,673.26- 1,096,377.33- 1,154,081.40- 1,211,785.47- 1,269,489.54- 1,327,193.61- 1,384,897.68-

Total Assets 11,287,933.37 11,295,996.87 11,410,479.88 11,597,177.97 11,787,682.32 12,067,503.96 12,265,620.80 12,518,850.53 12,547,857.04 12,706,086.01 12,970,734.48 13,512,824.55


Common stock 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00

Retained Earnings 2,371,266.66 2,462,663.49 2,660,479.83 2,930,511.25 3,204,348.93 3,567,503.90 3,848,954.07 4,185,517.13 4,297,856.97 4,539,419.27 4,887,401.07 5,512,824.47 Total liabilities & equi 11,287,933.37 11,295,996.87 11,410,479.88 11,597,177.97 11,787,682.32 12,067,503.96 12,265,620.80 12,518,850.53 12,547,857.04 12,706,086.01 12,970,734.48 13,512,824.55


Cash 7,905,710.58 7,741,794.06 7,628,780.56 7,706,129.62 8,020,022.62 8,134,534.10 8,746,961.70 8,950,360.78 9,873,953.44 9,727,551.33 9,767,815.90 10,083,685.14

Inventory 1,745,532.64 2,036,454.75 2,385,561.28 2,618,298.96 2,618,298.96 2,909,221.07 2,618,298.96 2,792,852.23 2,017,059.94 2,443,745.70 2,792,852.23 3,150,910.21


Accumulated Depreciat ion 1,442,601.75- 1,500,305.82- 1,558,009.89- 1,615,713.96- 1,673,418.03- 1,731,122.10- 1,788,826.17- 1,846,530.24- 1,904,234.31- 1,961,938.38- 2,019,642.45- 2,077,346.52-

Total Assets 13,490,585.48 13,559,886.99 13,738,275.95 13,990,658.63 14,246,847.56 14,594,577.07 14,858,378.49 15,178,626.77 15,268,723.08 15,491,302.65 15,822,969.68 16,439,192.83


Common stock 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00

Retained Earnings 5,573,918.73 5,726,553.57 5,988,275.86 6,323,991.87 6,663,514.13 7,094,576.97 7,441,711.72 7,845,293.33 8,018,722.97 8,324,635.87 8,739,636.23 9,439,192.71




P a g e | 47


Cash 11,534,848.03 11,425,979.83 11,369,380.46 11,508,553.79 11,891,020.45 12,068,213.14 12,757,651.14 13,026,088.42 14,035,494.50 13,943,765.59 14,044,006.30 14,427,733.84

Inventory 1,796,153.09 2,095,511.94 2,454,742.56 2,694,229.63 2,694,229.63 2,993,588.48 2,694,229.63 2,873,844.94 2,075,554.68 2,514,614.33 2,873,844.94 3,242,286.60



Total Assets 16,477,894.53 16,610,681.11 16,855,608.29 17,176,564.63 17,501,327.21 17,920,174.68 18,252,549.77 18,642,898.28 18,796,310.03 19,085,936.69 19,487,703.96 20,182,169.09


Common stock 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 Retained Earnings 9,561,227.74 9,777,347.65 10,105,608.16 10,509,897.83 10,917,993.74 11,420,174.54 11,835,882.96 12,309,564.80 12,546,309.88 12,919,269.87 13,404,370.47 14,182,168.93



Cash 15,970,786.80 15,919,566.89 15,922,360.48 16,127,837.54 16,585,229.48 16,829,820.55 17,604,960.75 17,943,807.16 19,050,160.24 19,015,600.44 19,179,784.14 19,637,522.97

Inventory 1,860,814.60 2,170,950.37 2,543,113.29 2,791,221.90 2,791,221.90 3,101,357.67 2,791,221.90 2,977,303.36 2,150,274.65 2,605,140.44 2,977,303.36 3,359,008.92



Total Assets 20,286,045.97 20,487,257.76 20,804,510.19 21,200,391.80 21,600,079.67 22,097,102.44 22,504,402.80 22,971,626.61 23,193,246.90 23,555,848.82 24,034,491.37 24,816,231.69

long-term liabilities 916,666.83 833,333.50 750,000.17 666,666.84 583,333.51 500,000.18 416,666.85 333,333.52 250,000.19 166,666.86 83,333.53 0.00-

Common stock 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00

Retained Earnings 14,369,379.14 14,653,924.26 15,054,510.02 15,533,724.96 16,016,746.16 16,597,102.26 17,087,735.95 17,638,293.09 17,943,246.71 18,389,181.96 18,951,157.84 19,816,231.69




P a g e | 48

Chapter 6

Administration

6.1 indirect costs

Unit Price/Unit Total

Note 12 65.00 780.00

Pen 6 10.00 60.00

Bill 12 45.00 540.00

File 5 58.00 290.00

Siccor 1 65.00 65.00

Hilight Pen 2 26.00 52.00

Paper Machine 1 120.00 120.00

Tissue 8 55.00 440.00



P a g e | 49

6.2 direct cost

Meat Price/Kg. Vage Price/Kg. Fruit Price/Kg. Drink Price/bottom

Shrimp 380 long chinese letture 49 honey murcott orange 59 black 1199

Oyster 155 chinese cabbage 45 dragon fruit 52 red 699

banana squid 169 cheery tomato 56 kiwi 65 champange 4000

Squid ( octopus ) 149 red cabbage 99 fuji apple 89 wine ( aus. ) 2180

ruby fish 78 white morning glory 105 papaya 32 wine ( france'72) 5280

Crab stick 28 radish 42 water melon 50 wine ( france'55) 9980Chicken (full wings) 89 small snow pea 90 banana 39

Chicken (meat) 82 fresh peper 89

chicken drum stick 59 mint leaf 299

third floor pork 106 large red chili 125

drilled pork 114 bloccoli 60

CP nugget 209 asparagas 49

Nz Frozen sheep 620 needle mushroom 60

sheep's leg 375 lemon 49

cheese 120 black tomato 120bacon 300 golden pumkin 97

toasts 97 spanish 45

bavalian legs pig 200

salmon 800

Total 4130 1479 386 23338



P a g e | 50

Chapter 7

Finance

7.1 payback period

5,000,000.00

1 362,500.00 83,333.33 4,916,666.67

2 356,458.33 83,333.33 4,833,333.34

3 350,416.67 83,333.33 4,750,000.01

4 344,375.00 83,333.33 4,666,666.68

5 338,333.33 83,333.33 4,583,333.35

6 332,291.67 83,333.33 4,500,000.02

7 326,250.00 83,333.33 4,416,666.69

8 320,208.34 83,333.33 4,333,333.36

9 314,166.67 83,333.33 4,250,000.03



P a g e | 51

235,625.01 83,333.33

23 229,583.34 83,333.33 3,083,333.41

24 223,541.67 83,333.33 3,000,000.08

25 217,500.01 83,333.33 2,916,666.75

26 211,458.34 83,333.33 2,833,333.42

27 205,416.67 83,333.33 2,750,000.09

28 199,375.01 83,333.33 2,666,666.76

29 193,333.34 83,333.33 2,583,333.43

30 187,291.67 83,333.33 2,500,000.10

31 181,250.01 83,333.33 2,416,666.77

32 175,208.34 83,333.33 2,333,333.44

33 169,166.67 83,333.33 2,250,000.11

34 163,125.01 83,333.33 2,166,666.78



P a g e | 52

48 78,541.68 83,333.33 1,000,000.16

49 72,500.01 83,333.33 916,666.83

50 66,458.35 83,333.33 833,333.50

51 60,416.68 83,333.33 750,000.17

52 54,375.01 83,333.33 666,666.84

53 48,333.35 83,333.33 583,333.51

54 42,291.68 83,333.33 500,000.18

55 36,250.01 83,333.33 416,666.85

56 30,208.35 83,333.33 333,333.52

57 24,166.68 83,333.33 250,000.19

58 18,125.01 83,333.33 166,666.86

59 12,083.35 83,333.33 83,333.53

60 6,041.68 83,333.53 -



P a g e | 53

Chapter 8

Risk Management

External Risk

- Politic

The political factors that mainly affected to our firm is that the labor issueregarding to wage and salary settlement. Most of firms were forced to raise

labor salary according to economy growth index (Thai policy.). To resolve the

problems, company must set the cost and revenue through the finance details to

make the most appropriate rate of revenue and expenses.

- Economic

The economic stability today affects to restaurant management.

Consumers may be unwilling to spend much on food in a poor economy.



P a g e | 54

Internal Risk

- Strategic Risk

Employees have not enough knowledge about information of restaurant

and they have not efficiency and effective so, we will develop to employees by

train to employees twice per month for increase efficiency of our restaurant and

response to satisfy of customer.

- Marketing Risk

Restaurant industry is that easy to launch and if some entrepreneurs can

make their service better than the other it will make them can get more benefit.So, we have to develop our restaurant by improve our food, atmosphere in

restaurant, and service to better than competitor for satisfy of customer.



P a g e | 55

- Health

Our restaurant has social insurance for our employees because of

according to the law that our restaurant has more than one staff, so we have to

apply social insurance. Insurance has benefits to staff in case of injury or illness,

disability, die, maternity, children welfare, old age, and unemployed. By the

way, if employee has less of injure or illness or accident during work, in ourrestaurant have medical box

- Safety

Our restaurant has a good safety for customer in the restaurant and

everyone in company. We have security for take care and observe unusual thing

in the restaurant and bar. We will inspect damaged of tables and chairs regularly

or unstable items removed from service until repairs have been completed. We

keep more money in the bank and we keep the importance information in

P a g e | 56



P a g e | 56

Sales decrease 5 %

YEAR 1


Revenues

Revenues form buffet 854,145.00 996,502.50 1,167,331.50 1,281,217.50 1,281,217.50 1,423,575.00 1,281,217.50 1,366,632.00 987,012.00 1,195,803.00 1,366,632.00 1,822,176.00 15,023,461.50


Revenues f rom bl ack l abl e 146, 718.00 171,171.00 200,514.60 220,077.00 220,077.00 244,530.00 220,077.00 234,748.80 169,540.80 205,405.20 234,748.80 312,998.40 2,580,606.60

Revenues f rom champagne 410, 400.00 478,800.00 560,880.00 615,600.00 615,600.00 684,000.00 615,600.00 656,640.00 474,240.00 574,560.00 656,640.00 875,520.00 7,218,480.00




Total R evenues 1,973,511.00 2,302,429.50 2,697,131.70 2,960,266.50 2,960,266.50 3,289,185.00 2,960,266.50 3,157,617.60 2,280,501.60 2,762,915.40 3,157,617.60 4,210,156.80 34,711,865.70

Expenses

Direct materia

Food 324,900.00 379,050.00 444,030.00 487,350.00 487,350.00 541,500.00 487,350.00 519,840.00 375,440.00 454,860.00 519,840.00 693,120.00 5,714,630.00

Red Lable 56,619.00 66,055.50 77,379.30 84,928.50 84,928.50 94,365.00 84,928.50 90,590.40 65,426.40 79,266.60 90,590.40 120,787.20 995,865.30

Black lable 118,701.00 138,484.50 162,224.70 178,051.50 178,051.50 197,835.00 178,051.50 189,921.60 137,165.60 166,181.40 189,921.60 253,228.80 2,087,818.70

Champagne 360,000.00 420,000.00 492,000.00 540,000.00 540,000.00 600,000.00 540,000.00 576,000.00 416,000.00 504,000.00 576,000.00 768,000.00 6,332,000.00

Wine Australia 98,100.00 114,450.00 134,070.00 147,150.00 147,150.00 163,500.00 147,150.00 156,960.00 113,360.00 137,340.00 156,960.00 209,280.00 1,725,470.00

Wine France '72 142,560.00 166,320.00 194,832.00 213,840.00 213,840.00 237,600.00 213,840.00 228,096.00 164,736.00 199,584.00 228,096.00 304,128.00 2,507,472.00

Wine France '55 179,640.00 209,580.00 245,508.00 269,460.00 269,460.00 299,400.00 269,460.00 287,424.00 207,584.00 251,496.00 287,424.00 383,232.00 3,159,668.00


Electricity 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 60,000.00 Water supply 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 12,000.00







Total Expenses 2,164,110.07 2,371,488.40 2,621,550.73 2,786,245.07 2,780,203.40 2,987,581.73 2,768,120.07 2,890,130.40 2,314,968.74 2,621,943.07 2,872,005.40 3,548,907.74 32,727,254.82

Earning before taxes 190,599.07- 69,058.90- 75,580.97 174,021.43 180,063.10 301,603.27 192,146.43 267,487.20 34,467.14- 140,972.33 285,612.20 661,249.06 1,984,610.88

Taxes - 20,717.67- 22,674.29 52,206.43 54,018.93 90,480.98 57,643.93 80,246.16 10,340.14- 42,291.70 85,683.66 198,374.72 652,562.99

Net Income 190,599.07- 48,341.23- 52,906.68 121,815.00 126,044.17 211,122.29 134,502.50 187,241.04 24,126.99- 98,680.63 199,928.54 462,874.34 1,332,047.90

Dividend - 4,834.12- 5,290.67 12,181.50 12,604.42 21,112.23 13,450.25 18,724.10 2,412.70- 9,868.06 19,992.85 46,287.43 152,264.70

Retained Earnings 190,599.07- 43,507.11- 47,616.01 109,633.50 113,439.75 190,010.06 121,052.25 168,516.93 21,714.30- 88,812.57 179,935.68 416,586.91 1,179,783.20

P a g e | 57



P a g e | 57

YEAR 2


Revenues



Revenues from black lable 149,945.80 174,936.76 204,925.92 224,918.69 224,918.69 249,909.66 224,918.69 239,913.27 173,270.70 209,924.11 239,913.27 319,884.36 2,637,379.95

Revenues f rom champagne 419,428.80 489,333.60 573,219.36 629,143.20 629,143.20 699,048.00 629,143.20 671,086.08 484,673.28 587,200.32 671,086.08 894,781.44 7,377,286.56


Revenues from wine France '72 166,093.80 193,776.11 226,994.87 249,140.71 249,140.71 276,823.01 249,140.71 265,750.09 191,930.62 232,531.33 265,750.09 354,333.45 2,921,405.48 Revenues from wine France '55 209,294.97 244,177.47 286,036.46 313,942.46 313,942.46 348,824.95 313,942.46 334,871.95 241,851.97 293,012.96 334,871.95 446,495.94 3,681,265.99

Total Revenues 2,016,928.24 2,353,082.95 2,756,468.60 3,025,392.36 3,025,392.36 3,361,547.07 3,025,392.36 3,227,085.19 2,330,672.64 2,823,699.54 3,227,085.19 4,302,780.25 35,475,526.75

Expenses

Direct material

Food 332,047.80 387,389.10 453,798.66 498,071.70 498,071.70 553,413.00 498,071.70 531,276.48 383,699.68 464,866.92 531,276.48 708,368.64 5,840,351.86

Red Lable 57,864.62 67,508.72 79,081.64 86,796.93 86,796.93 96,441.03 86,796.93 92,583.39 66,865.78 81,010.47 92,583.39 123,444.52 1,017,774.34

Black lable 121,312.42 141,531.16 165,793.64 181,968.63 181,968.63 202,187.37 181,968.63 194,099.88 140,183.24 169,837.39 194,099.88 258,799.83 2,133,750.71

Champagne 367,920.00 429,240.00 502,824.00 551,880.00 551,880.00 613,200.00 551,880.00 588,672.00 425,152.00 515,088.00 588,672.00 784,896.00 6,471,304.00

Wine Australia 100,258.20 116,967.90 137,019.54 150,387.30 150,387.30 167,097.00 150,387.30 160,413.12 115,853.92 140,361.48 160,413.12 213,884.16 1,763,430.34

Wine France '72 145,696.32 169,979.04 199,118.30 218,544.48 218,544.48 242,827.20 218,544.48 233,114.11 168,360.19 203,974.85 233,114.11 310,818.82 2,562,636.38

Wine France '55 183,592.08 214,190.76 250,909.18 275,388.12 275,388.12 305,986.80 275,388.12 293,747.33 212,150.85 257,028.91 293,747.33 391,663.10 3,229,180.70


Electricity 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 60,000.00

Water supply 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 12,000.00







Total E xpenses 2,119,781.51 2,331,855.08 2,587,551.70 2,756,002.23 2,749,960.56 2,962,034.14 2,737,877.23 2,862,704.71 2,275,022.40 2,588,883.09 2,844,579.71 3,536,506.81 32,352,759.18

Earning before taxes 102,853.27- 21,227.87 168,916.89 269,390.13 275,431.80 399,512.93 287,515.13 364,380.48 55,650.23 234,816.45 382,505.48 766,273.44 3,122,767.57

Taxes 30,855.98- 6,368.36 50,675.07 80,817.04 82,629.54 119,853.88 86,254.54 109,314.14 16,695.07 70,444.94 114,751.64 229,882.03 936,830.27

Net Income 71,997.29- 14,859.51 118,241.82 188,573.09 192,802.26 279,659.05 201,260.59 255,066.34 38,955.16 164,371.52 267,753.83 536,391.41 2,185,937.30

Dividend 7,199.73- 1,485.95 11,824.18 18,857.31 19,280.23 27,965.91 20,126.06 25,506.63 3,895.52 16,437.15 26,775.38 53,639.14 218,593.73


P a g e | 58



P a g e | 58

YEAR 3


Revenues



Revenues from b lack labl e 153,844.3 9 179,485.12 210,254.00 230,766.58 230,766.58 256,407.31 230,766.58 246,151.02 177,775.74 215,382.14 246,151.02 328,201.36 2,705,951.82

Revenues from champ ag ne 430,333.9 5 502,056.27 588,123.06 645,500.92 645,500.92 717,223.25 645,500.92 688,534.32 497,274.79 602,467.53 688,534.32 918,045.76 7,569,096.01

Revenues from wine Australia 117,266.00 136,810.33 160,263.53 175,899.00 175,899.00 195,443.34 175,899.00 187,625.60 135,507.38 164,172.40 187,625.60 250,167.47 2,062,578.66 Revenues from wine France '72 170,412.24 198,814.28 232,896.73 255,618.37 255,618.37 284,020.41 255,618.37 272,659.59 196,920.81 238,577.14 272,659.59 363,546.12 2,997,362.02


Total R evenues 2,069,368.38 2,414,263.11 2,828,136.78 3,104,052.56 3,104,052.56 3,448,947.29 3,104,052.56 3,310,989.40 2,391,270.12 2,897,115.73 3,310,989.40 4,414,652.54 36,397,890.44

Expenses

Direct material

Food 340,681.04 397,461.22 465,597.43 511,021.56 511,021.56 567,801.74 511,021.56 545,089.67 393,675.87 476,953.46 545,089.67 726,786.22 5,992,201.01

Red Lable 59,369.10 69,263.95 81,137.77 89,053.65 89,053.65 98,948.50 89,053.65 94,990.56 68,604.29 83,116.74 94,990.56 126,654.08 1,044,236.47

Black lable 124,466.54 145,210.97 170,104.28 186,699.82 186,699.82 207,444.24 186,699.82 199,146.47 143,828.01 174,253.16 199,146.47 265,528.63 2,189,228.23

Champagne 377,485.92 440,400.24 515,897.42 566,228.88 566,228.88 629,143.20 566,228.88 603,977.47 436,205.95 528,480.29 603,977.47 805,303.30 6,639,557.90

Wine Australia 102,864.91 120,009.07 140,582.05 154,297.37 154,297.37 171,441.52 154,297.37 164,583.86 118,866.12 144,010.88 164,583.86 219,445.15 1,809,279.53

Wine France '72 149,484.42 174,398.50 204,295.38 224,226.64 224,226.64 249,140.71 224,226.64 239,175.08 172,737.56 209,278.19 239,175.08 318,900.11 2,629,264.93

Wine France '55 188,365.47 219,759.72 257,432.81 282,548.21 282,548.21 313,942.46 282,548.21 301,384.76 217,666.77 263,711.66 301,384.76 401,846.34 3,313,139.39


Electricity 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 60,000.00

Water supply 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 12,000.00 Depreciation Expense 57,704.07 57,704.07 57,704.07 57,704.07 57,704.07 57,704.07 57,704.07 57,704.07 57,704.07 57,704.07 57,704.07 57,704.07 692,448.80






Total Expenses 2,081,307.49 2,299,052.06 2,561,553.88 2,734,541.20 2,728,499.53 2,946,244.10 2,716,416.20 2,844,646.28 2,241,841.31 2,564,019.46 2,826,521.28 3,536,595.57 32,081,238.35


Taxes 3,581.73- 34,563.31 79,974.87 110,853.41 112,665.91 150,810.96 116,290.91 139,902.94 44,828.64 99,928.88 145,340.44 263,417.09 1,294,995.63

Net Income 8,357.38- 80,647.73 186,608.03 258,657.96 262,887.12 351,892.23 271,345.46 326,440.19 104,600.17 233,167.39 339,127.69 614,639.88 3,021,656.46

Dividend 835.74- 8,064.77 18,660.80 25,865.80 26,288.71 35,189.22 27,134.55 32,644.02 10,460.02 23,316.74 33,912.77 61,463.99 302,165.65


P a g e | 59



P a g e | 59

YEAR 4


Revenues

Revenues form buffet 921,605.87 1,075,206.85 1,259,528.03 1,382,408.81 1,382,408.81 1,536,009.79 1,382,408.81 1,474,569.40 1,064,966.79 1,290,248.22 1,474,569.40 1,966,092.53 16,210,023.32 Revenues from red lable 89,669.76 104,614.72 122,548.67 134,504.64 134,504.64 149,449.60 134,504.64 143,471.62 103,618.39 125,537.67 143,471.62 191,295.49 1,577,191.46

Revenues f rom black l able 158,305.87 184,690.19 216,351.36 237,458.81 237,458.81 263,843.12 237,458.81 253,289.40 182,931.23 221,628.22 253,289.40 337,719.20 2,784,424.43





Total Revenues 2,129,380.06 2,484,276.74 2,910,152.75 3,194,070.09 3,194,070.09 3,548,966.77 3,194,070.09 3,407,008.09 2,460,616.96 2,981,132.08 3,407,008.09 4,542,677.46 37,453,429.26

Expenses

Direct material

Food 350,560.79 408,987.59 479,099.75 525,841.19 525,841.19 584,267.99 525,841.19 560,897.27 405,092.47 490,785.11 560,897.27 747,863.03 6,165,974.84

Red Lable 61,090.80 71,272.60 83,490.76 91,636.20 91,636.20 101,818.00 91,636.20 97,745.28 70,593.82 85,527.12 97,745.28 130,327.04 1,074,519.33

Black lable 128,076.07 149,422.09 175,037.30 192,114.11 192,114.11 213,460.12 192,114.11 204,921.72 147,999.02 179,306.50 204,921.72 273,228.96 2,252,715.85

Champagne 388,433.01 453,171.85 530,858.45 582,649.52 582,649.52 647,388.35 582,649.52 621,492.82 448,855.92 543,806.22 621,492.82 828,657.09 6,832,105.08

Wine Australia 105,848.00 123,489.33 144,658.93 158,771.99 158,771.99 176,413.33 158,771.99 169,356.79 122,313.24 148,187.19 169,356.79 225,809.06 1,861,748.64



Electricity 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 60,000.00

Water supply 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 12,000.00







Total Expenses 2,047,746.30 2,271,980.67 2,542,270.25 2,720,449.41 2,714,407.74 2,938,642.11 2,702,324.41 2,834,448.37 2,214,337.27 2,546,033.79 2,816,323.37 3,547,165.02 31,896,128.70


Taxes 24,490.13 63,688.82 110,364.75 142,086.20 143,898.70 183,097.40 147,523.70 171,767.92 73,883.91 130,529.49 177,205.42 298,653.73 1,667,190.17

Net Income 57,143.63 148,607.25 257,517.75 331,534.48 335,763.64 427,227.26 344,221.97 400,791.81 172,395.78 304,568.81 413,479.31 696,858.71 3,890,110.39

Dividend 5,714.36 14,860.72 25,751.78 33,153.45 33,576.36 42,722.73 34,422.20 40,079.18 17,239.58 30,456.88 41,347.93 69,685.87 389,011.04


P a g e | 60



g |

YEAR 5


Revenues



Revenues from black labl e 164,004.89 191,339.03 224,140.01 246,007.33 246,007.33 273,341.48 246,007.33 262,407.82 189,516.76 229,606.84 262,407.82 349,877.09 2,884,663.71 Revenues from champagne 458,754.92 535,214.08 626,965.06 688,132.39 688,132.39 764,591.54 688,132.39 734,007.88 530,116.80 642,256.89 734,007.88 978,677.17 8,068,989.39




Total Revenues 2,206,037.74 2,573,710.70 3,014,918.25 3,309,056.61 3,309,056.61 3,676,729.57 3,309,056.61 3,529,660.39 2,549,199.17 3,088,452.84 3,529,660.39 4,706,213.85 38,801,752.72

Expenses

Direct material

Food 363,180.98 423,711.15 496,347.34 544,771.47 544,771.47 605,301.64 544,771.47 581,089.57 419,675.80 508,453.37 581,089.57 774,786.09 6,387,949.93

Red Lable 63,290.07 73,838.42 86,496.43 94,935.11 94,935.11 105,483.45 94,935.11 101,264.11 73,135.19 88,606.10 101,264.11 135,018.82 1,113,202.02

Black lable 132,686.81 154,801.28 181,338.65 199,030.22 199,030.22 221,144.69 199,030.22 212,298.90 153,326.98 185,761.54 212,298.90 283,065.20 2,333,813.62

Champagne 402,416.60 469,486.03 549,969.35 603,624.90 603,624.90 670,694.33 603,624.90 643,866.56 465,014.74 563,383.24 643,866.56 858,488.75 7,078,060.87

Wine Australia 109,658.52 127,934.94 149,866.65 164,487.79 164,487.79 182,764.21 164,487.79 175,453.64 126,716.52 153,521.93 175,453.64 233,938.18 1,928,771.59

Wine France '72 159,356.97 185,916.47 217,787.86 239,035.46 239,035.46 265,594.96 239,035.46 254,971.16 184,145.84 223,099.76 254,971.16 339,961.54 2,802,912.10

Wine France '55 200,805.88 234,273.53 274,434.71 301,208.83 301,208.83 334,676.47 301,208.83 321,289.41 232,042.35 281,128.24 321,289.41 428,385.88 3,531,952.37









Total Expenses 2,024,985.92 2,257,510.23 2,537,747.74 2,722,558.85 2,716,517.18 2,949,041.49 2,704,433.85 2,841,531.77 2,199,314.17 2,543,169.27 2,823,406.77 3,580,776.22 31,900,993.46


Taxes 54,315.54 94,860.14 143,151.15 175,949.33 177,761.83 218,306.42 181,386.83 206,438.59 104,965.50 163,585.07 211,876.09 337,631.29 2,070,227.78

Net Income 126,736.27 221,340.33 334,019.36 410,548.43 414,777.60 509,381.65 423,235.93 481,690.03 244,919.50 381,698.50 494,377.53 787,806.34 4,830,531.48

Dividend 12,673.63 22,134.03 33,401.94 41,054.84 41,477.76 50,938.17 42,323.59 48,169.00 24,491.95 38,169.85 49,437.75 78,780.63 483,053.15


P a g e | 61



g |

Sales decrease 10 %

YEAR 1


Revenues



Revenues from black lable 138,996.00 162,162.00 189,961.20 208,494.00 208,494.00 231,660.00 208,494.00 222,393.60 160,617.60 194,594.40 222,393.60 296,524.80 2,444,785.20 Revenues from champagne 388,800.00 453,600.00 531,360.00 583,200.00 583,200.00 648,000.00 583,200.00 622,080.00 449,280.00 544,320.00 622,080.00 829,440.00 6,838,560.00




Total R evenues 1,869,642.00 2,181,249.00 2,555,177.40 2,804,463.00 2,804,463.00 3,116,070.00 2,804,463.00 2,991,427.20 2,160,475.20 2,617,498.80 2,991,427.20 3,988,569.60 32,884,925.40

Expenses

Direct materia

Food 324,900.00 379,050.00 444,030.00 487,350.00 487,350.00 541,500.00 487,350.00 519,840.00 375,440.00 454,860.00 519,840.00 693,120.00 5,714,630.00

Red Lable 56,619.00 66,055.50 77,379.30 84,928.50 84,928.50 94,365.00 84,928.50 90,590.40 65,426.40 79,266.60 90,590.40 120,787.20 995,865.30

Black lable 118,701.00 138,484.50 162,224.70 178,051.50 178,051.50 197,835.00 178,051.50 189,921.60 137,165.60 166,181.40 189,921.60 253,228.80 2,087,818.70

Champagne 360,000.00 420,000.00 492,000.00 540,000.00 540,000.00 600,000.00 540,000.00 576,000.00 416,000.00 504,000.00 576,000.00 768,000.00 6,332,000.00

Wine Australia 98,100.00 114,450.00 134,070.00 147,150.00 147,150.00 163,500.00 147,150.00 156,960.00 113,360.00 137,340.00 156,960.00 209,280.00 1,725,470.00

Wine France '72 142,560.00 166,320.00 194,832.00 213,840.00 213,840.00 237,600.00 213,840.00 228,096.00 164,736.00 199,584.00 228,096.00 304,128.00 2,507,472.00

Wine France '55 179,640.00 209,580.00 245,508.00 269,460.00 269,460.00 299,400.00 269,460.00 287,424.00 207,584.00 251,496.00 287,424.00 383,232.00 3,159,668.00









Total Expenses 2,164,110.07 2,371,488.40 2,621,550.73 2,786,245.07 2,780,203.40 2,987,581.73 2,768,120.07 2,890,130.40 2,314,968.74 2,621,943.07 2,872,005.40 3,548,907.74 32,727,254.82

Earning before taxes 294,468.07- 190,239.40- 66,373.33- 18,217.93 24,259.60 128,488.27 36,342.93 101,296.80 154,493.54- 4,444.27- 119,421.80 439,661.86 157,670.58

Taxes - 57,071.82- 19,912.00- 5,465.38 7,277.88 38,546.48 10,902.88 30,389.04 46,348.06- 1,333.28- 35,826.54 131,898.56 135,641.60

Net Income 294,468.07- 133,167.58- 46,461.33- 12,752.55 16,981.72 89,941.79 25,440.05 70,907.76 108,145.47- 3,110.99- 83,595.26 307,763.30 22,028.99

Dividend - 13,316.76- 4,646.13- 1,275.26 1,698.17 8,994.18 2,544.01 7,090.78 10,814.55- 311.10- 8,359.53 30,776.33 31,649.71

Retained Earnings 294,468.07- 119,850.82- 41,815.20- 11,477.30 15,283.55 80,947.61 22,896.05 63,816.98 97,330.93- 2,799.89- 75,235.73 276,986.97 9,620.72-

P a g e | 62



g |

YEAR 2


Revenues




Revenues f rom champagne 397 ,353.60 463,579.20 543,049.92 596,030.40 596,030.40 662,256.00 596,030.40 635,765.76 459,164.16 618,105.60 635,765.76 847,687.68 7,050,818.88 Revenues from wine Australia 108,278.86 126,325.33 147,981.10 162,418.28 162,418.28 180,464.76 162,418.28 173,246.17 125,122.23 168,433.78 173,246.17 230,994.89 1,921,348.14



Tot al Revenues 1,910,774.12 2,229,236.48 2,611,391.30 2,866,161.19 2,866,161.19 3,184,623.54 2,866,161.19 3,057,238.60 2,208,005.65 2,843,672.08 3,057,238.60 4,076,318.13 33,776,982.06

Expenses

Direct material

Food 332,047.80 387,389.10 453,798.66 498,071.70 498,071.70 553,413.00 498,071.70 531,276.48 383,699.68 464,866.92 531,276.48 708,368.64 5,840,351.86

Red Lable 57,864.62 67,508.72 79,081.64 86,796.93 86,796.93 96,441.03 86,796.93 92,583.39 66,865.78 81,010.47 92,583.39 123,444.52 1,017,774.34

Black lable 121,312.42 141,531.16 165,793.64 181,968.63 181,968.63 202,187.37 181,968.63 194,099.88 140,183.24 169,837.39 194,099.88 258,799.83 2,133,750.71

Champagne 367,920.00 429,240.00 502,824.00 551,880.00 551,880.00 613,200.00 551,880.00 588,672.00 425,152.00 515,088.00 588,672.00 784,896.00 6,471,304.00

Wine Australia 100,258.20 116,967.90 137,019.54 150,387.30 150,387.30 167,097.00 150,387.30 160,413.12 115,853.92 140,361.48 160,413.12 213,884.16 1,763,430.34

Wine France '72 145,696.32 169,979.04 199,118.30 218,544.48 218,544.48 242,827.20 218,544.48 233,114.11 168,360.19 203,974.85 233,114.11 310,818.82 2,562,636.38

Wine France '55 183,592.08 214,190.76 250,909.18 275,388.12 275,388.12 305,986.80 275,388.12 293,747.33 212,150.85 257,028.91 293,747.33 391,663.10 3,229,180.70









Tot al Expenses 2,119,781.51 2,331,855.08 2,587,551.70 2,756,002.23 2,749,960.56 2,962,034.14 2,737,877.23 2,862,704.71 2,275,022.40 2,588,883.09 2,844,579.71 3,536,506.81 32,352,759.18


Taxes 62,702.22- 30,785.58- 7,151.88 33,047.69 34,860.19 66,776.82 38,485.19 58,360.17 20,105.02- 76,436.70 63,797.67 161,943.40 427,266.86

Net Income 146,305.17- 71,833.02- 16,687.72 77,111.27 81,340.44 155,812.58 89,798.77 136,173.72 46,911.72- 178,352.29 148,861.22 377,867.92 996,956.02

Dividend 14,630.52- 7,183.30- 1,668.77 7,711.13 8,134.04 15,581.26 8,979.88 13,617.37 4,691.17- 17,835.23 14,886.12 37,786.79 99,695.60

Retained Earnings 131,674.65- 64,649.72- 15,018.95 69,400.14 73,206.39 140,231.32 80,818.89 122,556.35 42,220.55- 160,517.06 133,975.10 340,081.13 897,260.42

P a g e | 63



YEAR 3


Revenues



Revenues from black labl e 145,747.31 170,038.53 199,188.00 218,620.97 218,620.97 242,912.19 218,620.97 233,195.70 168,419.12 204,046.24 233,195.70 310,927.60 2,563,533.31





Total Revenues 1,960,454.25 2,287,196.63 2,679,287.48 2,940,681.38 2,940,681.38 3,267,423.75 2,940,681.38 3,136,726.80 2,265,413.80 2,744,635.95 3,136,726.80 4,182,302.40 34,482,212.00

Expenses

Direct material

Food 340,681.04 397,461.22 465,597.43 511,021.56 511,021.56 567,801.74 511,021.56 545,089.67 393,675.87 476,953.46 545,089.67 726,786.22 5,992,201.01

Red Lable 59,369.10 69,263.95 81,137.77 89,053.65 89,053.65 98,948.50 89,053.65 94,990.56 68,604.29 83,116.74 94,990.56 126,654.08 1,044,236.47

Black lable 124,466.54 145,210.97 170,104.28 186,699.82 186,699.82 207,444.24 186,699.82 199,146.47 143,828.01 174,253.16 199,146.47 265,528.63 2,189,228.23

Champagne 377,485.92 440,400.24 515,897.42 566,228.88 566,228.88 629,143.20 566,228.88 603,977.47 436,205.95 528,480.29 603,977.47 805,303.30 6,639,557.90

Wine Australia 102,864.91 120,009.07 140,582.05 154,297.37 154,297.37 171,441.52 154,297.37 164,583.86 118,866.12 144,010.88 164,583.86 219,445.15 1,809,279.53

Wine France '72 149,484.42 174,398.50 204,295.38 224,226.64 224,226.64 249,140.71 224,226.64 239,175.08 172,737.56 209,278.19 239,175.08 318,900.11 2,629,264.93

Wine France '55 188,365.47 219,759.72 257,432.81 282,548.21 282,548.21 313,942.46 282,548.21 301,384.76 217,666.77 263,711.66 301,384.76 401,846.34 3,313,139.39


Electricity 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 60,000.00

Water supply 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 12,000.00







Total Expenses 2,081,307.49 2,299,052.06 2,561,553.88 2,734,541.20 2,728,499.53 2,946,244.10 2,716,416.20 2,844,646.28 2,241,841.31 2,564,019.46 2,826,521.28 3,536,595.57 32,081,238.35

Earning before taxes 120,853.24- 11,855.43- 117,733.60 206,140.18 212,181.84 321,179.65 224,265.18 292,080.53 23,572.49 180,616.49 310,205.53 645,706.84 2,400,973.65

Taxes 36,255.97- 3,556.63- 35,320.08 61,842.05 63,654.55 96,353.89 67,279.55 87,624.16 7,071.75 54,184.95 93,061.66 193,712.05 720,292.09

Net Income 84,597.27- 8,298.80- 82,413.52 144,298.12 148,527.29 224,825.75 156,985.62 204,456.37 16,500.74 126,431.54 217,143.87 451,994.79 1,680,681.55

Dividend 8,459.73- 829.88- 8,241.35 14,429.81 14,852.73 22,482.58 15,698.56 20,445.64 1,650.07 12,643.15 21,714.39 45,199.48 168,068.16

Retained Earnings 76,137.54- 7,468.92- 74,172.17 129,868.31 133,674.56 202,343.18 141,287.06 184,010.73 14,850.67 113,788.39 195,429.48 406,795.31 1,512,613.40

P a g e | 64



YEAR 4


Revenues



Revenues from black lab le 149,973.99 174,969.65 204,964.45 224,960.98 224,960.98 249,956.64 224,960.98 239,958.38 173,303.27 209,963.58 239,958.38 319,944.50 2,637,875.77

Revenues f rom champagne 419 ,507.65 489,425.59 573,327.13 629,261.48 629,261.48 699,179.42 629,261.48 671,212.24 484,764.40 587,310.71 671,212.24 894,949.66 7,378,673.49




Total Revenues 2,017,307.42 2,353,525.33 2,756,986.81 3,025,961.14 3,025,961.14 3,362,179.04 3,025,961.14 3,227,691.88 2,331,110.80 2,824,230.39 3,227,691.88 4,303,589.17 35,482,196.14

Expenses

Direct material

Food 350,560.79 408,987.59 479,099.75 525,841.19 525,841.19 584,267.99 525,841.19 560,897.27 405,092.47 490,785.11 560,897.27 747,863.03 6,165,974.84

Red Lable 61,090.80 71,272.60 83,490.76 91,636.20 91,636.20 101,818.00 91,636.20 97,745.28 70,593.82 85,527.12 97,745.28 130,327.04 1,074,519.33

Black lable 128,076.07 149,422.09 175,037.30 192,114.11 192,114.11 213,460.12 192,114.11 204,921.72 147,999.02 179,306.50 204,921.72 273,228.96 2,252,715.85

Champagne 388,433.01 453,171.85 530,858.45 582,649.52 582,649.52 647,388.35 582,649.52 621,492.82 448,855.92 543,806.22 621,492.82 828,657.09 6,832,105.08

Wine Australia 105,848.00 123,489.33 144,658.93 158,771.99 158,771.99 176,413.33 158,771.99 169,356.79 122,313.24 148,187.19 169,356.79 225,809.06 1,861,748.64

Wine France '72 153,819.47 179,456.05 210,219.95 230,729.21 230,729.21 256,365.79 230,729.21 246,111.16 177,746.95 215,347.26 246,111.16 328,148.21 2,705,513.61

Wine France '55 193,828.07 226,132.75 264,898.37 290,742.11 290,742.11 323,046.79 290,742.11 310,124.92 223,979.11 271,359.30 310,124.92 413,499.89 3,409,220.44


Electricity 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 60,000.00

Water supply 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 12,000.00







Total Expenses 2,047,746.30 2,271,980.67 2,542,270.25 2,720,449.41 2,714,407.74 2,938,642.11 2,702,324.41 2,834,448.37 2,214,337.27 2,546,033.79 2,816,323.37 3,547,165.02 31,896,128.70


Taxes 9,131.66- 24,463.40 64,414.97 91,653.52 93,466.02 127,061.08 97,091.02 117,973.05 35,032.06 83,458.98 123,410.55 226,927.25 1,075,820.23

Net Income 21,307.21- 57,081.26 150,301.60 213,858.21 218,087.38 296,475.85 226,545.71 275,270.46 81,741.47 194,737.62 287,957.96 529,496.91 2,510,247.21

Dividend 2,130.72- 5,708.13 15,030.16 21,385.82 21,808.74 29,647.58 22,654.57 27,527.05 8,174.15 19,473.76 28,795.80 52,949.69 251,024.72


P a g e | 65



YEAR 5


Revenues



Revenues fr om bl ack labl e 155,373.05 181,268.56 212,343.17 233,059.57 233,059.57 258,955.08 233,059.57 248,596.88 179,542.19 217,522.27 248,596.88 331,462.51 2,732,839.30

Revenues fr om champagne 434,609.93 507,044.92 593,966.90 651,914.89 651,914.89 724,349.88 651,914.89 695,375.88 502,215.92 608,453.90 695,375.88 927,167.85 7,644,305.74

Revenues from wine Australi a 118,431.21 138,169.74 161,855.98 177,646.81 177,646.81 197,385.34 177,646.81 189,489.93 136,853.84 165,803.69 189,489.93 252,653.24 2,083,073.31 Revenues from wine France '72 172,105.53 200,789.79 235,210.89 258,158.30 258,158.30 286,842.55 258,158.30 275,368.85 198,877.50 240,947.74 275,368.85 367,158.47 3,027,145.07


Total Revenues 2,089,930.49 2,438,252.24 2,856,238.34 3,134,895.74 3,134,895.74 3,483,217.49 3,134,895.74 3,343,888.79 2,415,030.79 2,925,902.69 3,343,888.79 4,458,518.38 36,759,555.21

Expenses

Direct material

Food 363,180.98 423,711.15 496,347.34 544,771.47 544,771.47 605,301.64 544,771.47 581,089.57 419,675.80 508,453.37 581,089.57 774,786.09 6,387,949.93

Red Lable 63,290.07 73,838.42 86,496.43 94,935.11 94,935.11 105,483.45 94,935.11 101,264.11 73,135.19 88,606.10 101,264.11 135,018.82 1,113,202.02

Black lable 132,686.81 154,801.28 181,338.65 199,030.22 199,030.22 221,144.69 199,030.22 212,298.90 153,326.98 185,761.54 212,298.90 283,065.20 2,333,813.62

Champagne 402,416.60 469,486.03 549,969.35 603,624.90 603,624.90 670,694.33 603,624.90 643,866.56 465,014.74 563,383.24 643,866.56 858,488.75 7,078,060.87

Wine Australia 109,658.52 127,934.94 149,866.65 164,487.79 164,487.79 182,764.21 164,487.79 175,453.64 126,716.52 153,521.93 175,453.64 233,938.18 1,928,771.59

Wine France '72 159,356.97 185,916.47 217,787.86 239,035.46 239,035.46 265,594.96 239,035.46 254,971.16 184,145.84 223,099.76 254,971.16 339,961.54 2,802,912.10

Wine France '55 200,805.88 234,273.53 274,434.71 301,208.83 301,208.83 334,676.47 301,208.83 321,289.41 232,042.35 281,128.24 321,289.41 428,385.88 3,531,952.37


Electricity 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 60,000.00

Water supply 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 12,000.00







Total Expenses 2,024,985.92 2,257,510.23 2,537,747.74 2,722,558.85 2,716,517.18 2,949,041.49 2,704,433.85 2,841,531.77 2,199,314.17 2,543,169.27 2,823,406.77 3,580,776.22 31,900,993.46


Taxes 19,483.37 54,222.60 95,547.18 123,701.07 125,513.57 160,252.80 129,138.57 150,707.11 64,714.99 114,820.03 156,144.61 263,322.65 1,457,568.52

Net Income 45,461.20 126,519.41 222,943.42 288,635.82 292,864.99 373,923.20 301,323.32 351,649.91 151,001.63 267,913.40 364,337.41 614,419.51 3,400,993.22

Dividend 4,546.12 12,651.94 22,294.34 28,863.58 29,286.50 37,392.32 30,132.33 35,164.99 15,100.16 26,791.34 36,433.74 61,441.95 340,099.32


P a g e | 66



Sales decrease 15 %

YEAR 1


RevenuesRevenues form buffet 764,235.00 891,607.50 1,044,454.50 1,146,352.50 1,146,352.50 1,273,725.00 1,146,352.50 1,222,776.00 883,116.00 1,069,929.00 1,222,776.00 1,630,368.00 13,442,044.50



Revenues f rom c hampagne 367,200.00 428,400.00 501,840.00 550,800.00 550,800.00 612,000.00 550,800.00 587,520.00 424,320.00 514,080.00 587,520.00 783,360.00 6,458,640.00




Total Revenues 1,765,773.00 2,060,068.50 2,413,223.10 2,648,659.50 2,648,659.50 2,942,955.00 2,648,659.50 2,825,236.80 2,040,448.80 2,472,082.20 2,825,236.80 3,766,982.40 31,057,985.10

Expenses

Direct materia

Food 324,900.00 379,050.00 444,030.00 487,350.00 487,350.00 541,500.00 487,350.00 519,840.00 375,440.00 454,860.00 519,840.00 693,120.00 5,714,630.00

Red Lable 56,619.00 66,055.50 77,379.30 84,928.50 84,928.50 94,365.00 84,928.50 90,590.40 65,426.40 79,266.60 90,590.40 120,787.20 995,865.30

Black lable 118,701.00 138,484.50 162,224.70 178,051.50 178,051.50 197,835.00 178,051.50 189,921.60 137,165.60 166,181.40 189,921.60 253,228.80 2,087,818.70

Champagne 360,000.00 420,000.00 492,000.00 540,000.00 540,000.00 600,000.00 540,000.00 576,000.00 416,000.00 504,000.00 576,000.00 768,000.00 6,332,000.00

Wine Australia 98,100.00 114,450.00 134,070.00 147,150.00 147,150.00 163,500.00 147,150.00 156,960.00 113,360.00 137,340.00 156,960.00 209,280.00 1,725,470.00 Wine France '72 142,560.00 166,320.00 194,832.00 213,840.00 213,840.00 237,600.00 213,840.00 228,096.00 164,736.00 199,584.00 228,096.00 304,128.00 2,507,472.00

Wine France '55 179,640.00 209,580.00 245,508.00 269,460.00 269,460.00 299,400.00 269,460.00 287,424.00 207,584.00 251,496.00 287,424.00 383,232.00 3,159,668.00


Electricity 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 60,000.00

Water supply 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 12,000.00







Total Expenses 2,164,110.07 2,371,488.40 2,621,550.73 2,786,245.07 2,780,203.40 2,987,581.73 2,768,120.07 2,890,130.40 2,314,968.74 2,621,943.07 2,872,005.40 3,548,907.74 32,727,254.82

Earning before taxes 398,337.07- 311,419.90- 208,327.63- 137,585.57- 131,543.90- 44,626.73- 119,460.57- 64,893.60- 274,519.94- 149,860.87- 46,768.60- 218,074.66 1,669,269.72-

Taxes - 93,425.97- 62,498.29- 41,275.67- 39,463.17- 13,388.02- 35,838.17- 19,468.08- 82,355.98- 44,958.26- 14,030.58- 65,422.40 381,279.79-

Net Income 398,337.07- 217,993.93- 145,829.34- 96,309.90- 92,080.73- 31,238.71- 83,622.40- 45,425.52- 192,163.95- 104,902.61- 32,738.02- 152,652.26 1,287,989.92-Dividend - 21,799.39- 14,582.93- 9,630.99- 9,208.07- 3,123.87- 8,362.24- 4,542.55- 19,216.40- 10,490.26- 3,273.80- 15,265.23 88,965.29-

Retained Earnings 398,337.07- 196,194.54- 131,246.41- 86,678.91- 82,872.66- 28,114.84- 75,260.16- 40,882.97- 172,947.56- 94,412.35- 29,464.22- 137,387.04 1,199,024.64-

P a g e | 67



YEAR 2


Revenues




Revenues from champagne 375,278.40 437,824.80 512,880.48 562,917.60 562,917.60 625,464.00 562,917.60 600,445.44 433,655.04 525,389.76 600,445.44 800,593.92 6,600,730.08 Revenues from wine Australia 102,263.36 119,307.26 139,759.93 153,395.05 153,395.05 170,438.94 153,395.05 163,621.38 118,171.00 143,168.71 163,621.38 218,161.84 1,798,698.95



Total Revenues 1,804,620.01 2,105,390.01 2,466,314.01 2,706,930.01 2,706,930.01 3,007,700.01 2,706,930.01 2,887,392.01 2,085,338.67 2,526,468.01 2,887,392.01 3,849,856.01 31,741,260.77

Expenses

Direct material

Food 332,047.80 387,389.10 453,798.66 498,071.70 498,071.70 553,413.00 498,071.70 531,276.48 383,699.68 464,866.92 531,276.48 708,368.64 5,840,351.86

Red Lable 57,864.62 67,508.72 79,081.64 86,796.93 86,796.93 96,441.03 86,796.93 92,583.39 66,865.78 81,010.47 92,583.39 123,444.52 1,017,774.34

Black lable 121,312.42 141,531.16 165,793.64 181,968.63 181,968.63 202,187.37 181,968.63 194,099.88 140,183.24 169,837.39 194,099.88 258,799.83 2,133,750.71

Champagne 367,920.00 429,240.00 502,824.00 551,880.00 551,880.00 613,200.00 551,880.00 588,672.00 425,152.00 515,088.00 588,672.00 784,896.00 6,471,304.00

Wine Australia 100,258.20 116,967.90 137,019.54 150,387.30 150,387.30 167,097.00 150,387.30 160,413.12 115,853.92 140,361.48 160,413.12 213,884.16 1,763,430.34

Wine France '72 145,696.32 169,979.04 199,118.30 218,544.48 218,544.48 242,827.20 218,544.48 233,114.11 168,360.19 203,974.85 233,114.11 310,818.82 2,562,636.38

Wine France '55 183,592.08 214,190.76 250,909.18 275,388.12 275,388.12 305,986.80 275,388.12 293,747.33 212,150.85 257,028.91 293,747.33 391,663.10 3,229,180.70


Electricity 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 60,000.00

Water supply 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 12,000.00







Total Expenses 2,119,781.51 2,331,855.08 2,587,551.70 2,756,002.23 2,749,960.56 2,962,034.14 2,737,877.23 2,862,704.71 2,275,022.40 2,588,883.09 2,844,579.71 3,536,506.81 32,352,759.18

Earning before taxes 315,161.50- 226,465.08- 121,237.70- 49,072.22- 43,030.55- 45,665.87 30,947.22- 24,687.30 189,683.73- 62,415.08- 42,812.30 313,349.20 611,498.41-

Taxes 94,548.45- 67,939.52- 36,371.31- 14,721.67- 12,909.17- 13,699.76 9,284.17- 7,406.19 56,905.12- 18,724.52- 12,843.69 94,004.76 183,449.52-

Net Income 220,613.05- 158,525.55- 84,866.39- 34,350.55- 30,121.39- 31,966.11 21,663.06- 17,281.11 132,778.61- 43,690.56- 29,968.61 219,344.44 428,048.88-

Dividend 22,061.31- 15,852.56- 8,486.64- 3,435.06- 3,012.14- 3,196.61 2,166.31- 1,728.11 13,277.86- 4,369.06- 2,996.86 21,934.44 42,804.89-

Retained Earnings 198,551.75- 142,673.00- 76,379.75- 30,915.50- 27,109.25- 28,769.50 19,496.75- 15,553.00 119,500.75- 39,321.50- 26,971.75 197,410.00 385,244.00-

P a g e | 68



YEAR 3


Revenues



Revenues from black lable 137,650. 24 160,591.95 188,122.00 206,475.36 206,475.36 229,417.07 206,475.36 220,240.39 159,062.50 192,710.34 220,240.39 293,653.85 2,421,114.79

Revenues from champagne 385,035. 64 449,208.24 526,215.37 577,553.46 577,553.46 641,726.06 577,553.46 616,057.02 444,930.07 539,049.89 616,057.02 821,409.36 6,772,349.06



Total Revenues 1,851, 540.13 2,160,130.15 2,530,438.17 2,777,310.19 2,777,310.19 3,085,900.21 2,777,310.19 2,962,464.20 2,139,557.48 2,592,156.18 2,962,464.20 3,949,952.27 32,566,533.55

Expenses

Direct material

Food 340,681.04 397,461.22 465,597.43 511,021.56 511,021.56 567,801.74 511,021.56 545,089.67 393,675.87 476,953.46 545,089.67 726,786.22 5,992,201.01

Red Lable 59,369.10 69,263.95 81,137.77 89,053.65 89,053.65 98,948.50 89,053.65 94,990.56 68,604.29 83,116.74 94,990.56 126,654.08 1,044,236.47

Black lable 124,466.54 145,210.97 170,104.28 186,699.82 186,699.82 207,444.24 186,699.82 199,146.47 143,828.01 174,253.16 199,146.47 265,528.63 2,189,228.23

Champagne 377,485.92 440,400.24 515,897.42 566,228.88 566,228.88 629,143.20 566,228.88 603,977.47 436,205.95 528,480.29 603,977.47 805,303.30 6,639,557.90

Wine Australia 102,864.91 120,009.07 140,582.05 154,297.37 154,297.37 171,441.52 154,297.37 164,583.86 118,866.12 144,010.88 164,583.86 219,445.15 1,809,279.53

Wine France '72 149,484.42 174,398.50 204,295.38 224,226.64 224,226.64 249,140.71 224,226.64 239,175.08 172,737.56 209,278.19 239,175.08 318,900.11 2,629,264.93

Wine France '55 188,365.47 219,759.72 257,432.81 282,548.21 282,548.21 313,942.46 282,548.21 301,384.76 217,666.77 263,711.66 301,384.76 401,846.34 3,313,139.39


Electricity 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 60,000.00

Water supply 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 12,000.00







Total E xpenses 2,081,307.49 2,299,052.06 2,561,553.88 2,734,541.20 2,728,499.53 2,946,244.10 2,716,416.20 2,844,646.28 2,241,841.31 2,564,019.46 2,826,521.28 3,536,595.57 32,081,238.35

Earning before taxes 229,767.36- 138,921.91- 31,115.70- 42,768.99 48,810.66 139,656.11 60,893.99 117,817.93 102,283.83- 28,136.72 135,942.93 413,356.70 485,295.20

Taxes 68,930.21- 41,676.57- 9,334.71- 12,830.70 14,643.20 41,896.83 18,268.20 35,345.38 30,685.15- 8,441.02 40,782.88 124,007.01 145,588.56

Net Income 160,837.15- 97,245.34- 21,780.99- 29,938.29 34,167.46 97,759.28 42,625.79 82,472.55 71,598.68- 19,695.70 95,160.05 289,349.69 339,706.64

Dividend 16,083.72- 9,724.53- 2,178.10- 2,993.83 3,416.75 9,775.93 4,262.58 8,247.25 7,159.87- 1,969.57 9,516.00 28,934.97 33,970.66

Retained Earnings 144,753.44- 87,520.80- 19,602.89- 26,944.46 30,750.71 87,983.35 38,363.21 74,225.29 64,438.81- 17,726.13 85,644.04 260,414.72 305,735.98

P a g e | 69



YEAR 4


Revenues

Revenues form buffet 824,594.73 962,027.18 1,126,946.13 1,236,892.09 1 ,236 ,892 .09 1 ,374 ,324 .55 1 ,236 ,892 .09 1 ,319 ,351 .57 952,865 .02 1,154,432.62 1,319,351.57 1,759,135.42 14,503,705.08


Revenu es from b lack lable 141, 642.10 165,249.11 193,577.53 212,463.15 212,463.15 236,070.16 212,463.15 226,627.36 163,675.31 198,298.94 226,627.36 302,169.81 2,491,327.12

Revenu es from champagne 396, 201.67 462,235.28 541,475.62 594,302.51 594,302.51 660,336.12 594,302.51 633,922.68 457,833.04 554,682.34 633,922.68 845,230.23 6,968,747.18



Total Revenues 1,905,234.79 2,222,773.92 2,603,820.88 2,857,852.18 2,857,852.18 3,175,391.32 2,857,852.18 3,048,375.66 2,201,604.65 2,667,328.71 3,048,375.66 4,064,500.88 33,510,963.03

Expenses

Direct material

Food 350,560.79 408,987.59 479,099.75 525,841.19 525,841.19 584,267.99 525,841.19 560,897.27 405,092.47 490,785.11 560,897.27 747,863.03 6,165,974.84

Red Lable 61,090.80 71,272.60 83,490.76 91,636.20 91,636.20 101,818.00 91,636.20 97,745.28 70,593.82 85,527.12 97,745.28 130,327.04 1,074,519.33

Black lable 128,076.07 149,422.09 175,037.30 192,114.11 192,114.11 213,460.12 192,114.11 204,921.72 147,999.02 179,306.50 204,921.72 273,228.96 2,252,715.85

Champagne 388,433.01 453,171.85 530,858.45 582,649.52 582,649.52 647,388.35 582,649.52 621,492.82 448,855.92 543,806.22 621,492.82 828,657.09 6,832,105.08

Wine Australia 105,848.00 123,489.33 144,658.93 158,771.99 158,771.99 176,413.33 158,771.99 169,356.79 122,313.24 148,187.19 169,356.79 225,809.06 1,861,748.64

Wine France '72 153,819.47 179,456.05 210,219.95 230,729.21 230,729.21 256,365.79 230,729.21 246,111.16 177,746.95 215,347.26 246,111.16 328,148.21 2,705,513.61

Wine France '55 193,828.07 226,132.75 264,898.37 290,742.11 290,742.11 323,046.79 290,742.11 310,124.92 223,979.11 271,359.30 310,124.92 413,499.89 3,409,220.44


Electricity 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 60,000.00

Water supply 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 12,000.00







Total Expenses 2,047,746.30 2,271,980.67 2,542,270.25 2,720,449.41 2,714,407.74 2,938,642.11 2,702,324.41 2,834,448.37 2,214,337.27 2,546,033.79 2,816,323.37 3,547,165.02 31,896,128.70


Taxes 42,753.45- 14,762.02- 18,465.19 41,220.83 43,033.33 71,024.76 46,658.33 64,178.19 3,819.79- 36,388.47 69,615.69 155,200.76 484,450.30

Net Income 99,758.06- 34,444.72- 43,085.44 96,181.94 100,411.11 165,724.44 108,869.44 149,749.11 8,912.84- 84,906.44 162,436.61 362,135.11 1,130,384.03

Dividend 9,975.81- 3,444.47- 4,308.54 9,618.19 10,041.11 16,572.44 10,886.94 14,974.91 891.28- 8,490.64 16,243.66 36,213.51 113,038.40


P a g e | 70



YEAR 5


Revenues


Revenues from red lable 83,119.15 96,972.34 113,596.17 124,678.72 124,678.72 138,531.91 124,678.72 132,990.64 96,048.79 116,366.81 132,990.64 177,320.85 1,461,973.47 Revenues from black lable 146,741.21 171,198.08 200,546.32 220,111.82 220,111.82 244,568.69 220,111.82 234,785.94 169,567.62 205,437.70 234,785.94 313,047.92 2,581,014.89





Total Revenues 1, 973,823.24 2,302,793.78 2,697,558.43 2,960,734.86 2,960,734.86 3,289,705.40 2,960,734.86 3,158,117.19 2,280,862.41 2,763,352.54 3,158,117.19 4,210,822.92 34,717,357.69

Expenses

Direct material

Food 363,180.98 423,711.15 496,347.34 544,771.47 544,771.47 605,301.64 544,771.47 581,089.57 419,675.80 508,453.37 581,089.57 774,786.09 6,387,949.93

Red Lable 63,290.07 73,838.42 86,496.43 94,935.11 94,935.11 105,483.45 94,935.11 101,264.11 73,135.19 88,606.10 101,264.11 135,018.82 1,113,202.02

Black lable 132,686.81 154,801.28 181,338.65 199,030.22 199,030.22 221,144.69 199,030.22 212,298.90 153,326.98 185,761.54 212,298.90 283,065.20 2,333,813.62

Champagne 402,416.60 469,486.03 549,969.35 603,624.90 603,624.90 670,694.33 603,624.90 643,866.56 465,014.74 563,383.24 643,866.56 858,488.75 7,078,060.87

Wine Australia 109,658.52 127,934.94 149,866.65 164,487.79 164,487.79 182,764.21 164,487.79 175,453.64 126,716.52 153,521.93 175,453.64 233,938.18 1,928,771.59

Wine France '72 159,356.97 185,916.47 217,787.86 239,035.46 239,035.46 265,594.96 239,035.46 254,971.16 184,145.84 223,099.76 254,971.16 339,961.54 2,802,912.10

Wine France '55 200,805.88 234,273.53 274,434.71 301,208.83 301,208.83 334,676.47 301,208.83 321,289.41 232,042.35 281,128.24 321,289.41 428,385.88 3,531,952.37

Building rent Expense 140,000.00 140,000.00 140,000.00 140,000.00 140,000.00 140,000.00 140,000.00 140,000.00 140,000.00 140,000.00 140,000.00 140,000.00 1,680,000.00 Electricity 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 60,000.00

Water supply 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 12,000.00







Total Expenses 2, 024,985.92 2,257,510.23 2,537,747.74 2,722,558.85 2,716,517.18 2,949,041.49 2,704,433.85 2,841,531.77 2,199,314.17 2,543,169.27 2,823,406.77 3,580,776.22 31,900,993.46


Taxes 15,348.80- 13,585.06 47,943.21 71,452.80 73,265.30 102,199.17 76,890.30 94,975.63 24,464.47 66,054.98 100,413.13 189,014.01 844,909.27

Net Income 35,813.88- 31,698.48 111,867.49 166,723.21 170,952.38 238,464.74 179,410.71 221,609.79 57,083.77 154,128.29 234,297.29 441,032.69 1,971,454.97

Dividend 3,581.39- 3,169.85 11,186.75 16,672.32 17,095.24 23,846.47 17,941.07 22,160.98 5,708.38 15,412.83 23,429.73 44,103.27 197,145.50


P a g e | 71



Expense increase 5%

YEAR 1


RevenuesRevenues form buffet 899,100.00 1,048,950.00 1,228,770.00 1,348,650.00 1,348,650.00 1,498,500.00 1,348,650.00 1,438,560.00 1,038,960.00 1,258,740.00 1,438,560.00 1,918,080.00 15,814,170.00







Total Revenues 2,077,380.00 2,423,610.00 2,839,086.00 3,116,070.00 3,116,070.00 3,462,300.00 3,116,070.00 3,323,808.00 2,400,528.00 2,908,332.00 3,323,808.00 4,431,744.00 36,538,806.00

Expenses

Direct materia

Food 341,145.00 398,002.50 466,231.50 511,717.50 511,717.50 568,575.00 511,717.50 545,832.00 394,212.00 477,603.00 545,832.00 727,776.00 6,000,361.50

Red Lable 59,449.95 69,358.28 81,248.27 89,174.93 89,174.93 99,083.25 89,174.93 95,119.92 68,697.72 83,229.93 95,119.92 126,826.56 1,045,658.57

Black lable 124,636.05 145,408.73 170,335.94 186,954.08 186,954.08 207,726.75 186,954.08 199,417.68 144,023.88 174,490.47 199,417.68 265,890.24 2,192,209.64

Champagne 378,000.00 441,000.00 516,600.00 567,000.00 567,000.00 630,000.00 567,000.00 604,800.00 436,800.00 529,200.00 604,800.00 806,400.00 6,648,600.00

Wine Australia 103,005.00 120,172.50 140,773.50 154,507.50 154,507.50 171,675.00 154,507.50 164,808.00 119,028.00 144,207.00 164,808.00 219,744.00 1,811,743.50



Electricity 5,250.00 5,250.00 5,250.00 5,250.00 5,250.00 5,250.00 5,250.00 5,250.00 5,250.00 5,250.00 5,250.00 5,250.00 63,000.00

Water supply 1,050.00 1,050.00 1,050.00 1,050.00 1,050.00 1,050.00 1,050.00 1,050.00 1,050.00 1,050.00 1,050.00 1,050.00 12,600.00







Total Expenses 2,254,190.57 2,472,239.90 2,735,107.44 2,908,338.57 2,902,296.90 3,120,346.24 2,890,213.57 3,018,626.51 2,415,008.84 2,737,633.97 3,000,501.51 3,711,551.04 34,166,055.06


Taxes - 14,588.97- 31,193.57 62,319.43 64,131.93 102,586.13 67,756.93 91,554.45 4,344.25- 51,209.41 96,991.95 216,057.89 764,868.45

Net Income 176,810.57- 34,040.93- 72,784.99 145,412.00 149,641.17 239,367.63 158,099.50 213,627.05 10,136.59- 119,488.62 226,314.55 504,135.07 1,607,882.49

Dividend - 3,404.09- 7,278.50 14,541.20 14,964.12 23,936.76 15,809.95 21,362.70 1,013.66- 11,948.86 22,631.45 50,413.51 178,469.31


P a g e | 72



YEAR 2


Revenues




Revenues f rom champagne 441,504.00 515,088.00 603,388.80 662,256.00 662,256.00 735,840.00 662,256.00 706,406.40 510,182.40 618,105.60 706,406.40 941,875.20 7,765,564.80 Revenues from wine Australia 120,309.84 140,361.48 164,423.45 180,464.76 180,464.76 200,516.40 180,464.76 192,495.74 139,024.70 168,433.78 192,495.74 256,660.99 2,116,116.41



Total Revenues 2,123,082.36 2,476,929.42 2,901,545.89 3,184,623.54 3,184,623.54 3,538,470.60 3,184,623.54 3,396,931.78 2,453,339.62 2,972,315.30 3,396,931.78 4,529,242.37 37,342,659.73

Expenses

Direct material

Food 348,650.19 406,758.56 476,488.59 522,975.29 522,975.29 581,083.65 522,975.29 557,840.30 402,884.66 488,110.27 557,840.30 743,787.07 6,132,369.45

Red Lable 60,757.85 70,884.16 83,035.73 91,136.77 91,136.77 101,263.08 91,136.77 97,212.56 70,209.07 85,060.99 97,212.56 129,616.74 1,068,663.05

Black lable 127,378.04 148,607.72 174,083.33 191,067.06 191,067.06 212,296.74 191,067.06 203,804.87 147,192.41 178,329.26 203,804.87 271,739.83 2,240,438.25

Champagne 386,316.00 450,702.00 527,965.20 579,474.00 579,474.00 643,860.00 579,474.00 618,105.60 446,409.60 540,842.40 618,105.60 824,140.80 6,794,869.20

Wine Australia 105,271.11 122,816.30 143,870.52 157,906.67 157,906.67 175,451.85 157,906.67 168,433.78 121,646.62 147,379.55 168,433.78 224,578.37 1,851,601.86

Wine France '72 152,981.14 178,477.99 209,074.22 229,471.70 229,471.70 254,968.56 229,471.70 244,769.82 176,778.20 214,173.59 244,769.82 326,359.76 2,690,768.20

Wine France '55 192,771.68 224,900.30 263,454.63 289,157.53 289,157.53 321,286.14 289,157.53 308,434.69 222,758.39 269,880.36 308,434.69 411,246.26 3,390,639.73


Electricity 5,250.00 5,250.00 5,250.00 5,250.00 5,250.00 5,250.00 5,250.00 5,250.00 5,250.00 5,250.00 5,250.00 5,250.00 63,000.00

Water supply 1,050.00 1,050.00 1,050.00 1,050.00 1,050.00 1,050.00 1,050.00 1,050.00 1,050.00 1,050.00 1,050.00 1,050.00 12,600.00







Total Expenses 2,211,270.58 2,434,249.92 2,703,033.46 2,880,208.59 2,874,166.93 3,097,146.26 2,862,083.59 2,993,454.53 2,376,690.19 2,706,545.99 2,975,329.53 3,702,155.07 33,816,334.64


Taxes 26,456.47- 12,803.85 59,553.73 91,324.48 93,136.98 132,397.30 96,761.98 121,043.17 22,994.83 79,730.79 126,480.67 248,126.19 1,057,897.53

Net Income 61,731.76- 29,875.65 138,958.70 213,090.46 217,319.63 308,927.04 225,777.96 282,434.07 53,654.60 186,038.52 295,121.57 578,961.11 2,468,427.57

Dividend 6,173.18- 2,987.56 13,895.87 21,309.05 21,731.96 30,892.70 22,577.80 28,243.41 5,365.46 18,603.85 29,512.16 57,896.11 246,842.76


P a g e | 73



YEAR 3


Revenues



Revenues f rom b lack labl e 161 ,941. 46 188,931.70 221,319.99 242,912.19 242,912.19 269,902.43 242,912.19 259,106.34 187,132.35 226,718.04 259,106.34 345,475.11 2,848,370.34

Revenues from champagne 452 ,983. 10 528,480.29 619,076.91 679,474.66 679,474.66 754,971.84 679,474.66 724,772.97 523,447.14 634,176.35 724,772.97 966,363.96 7,967,469.48



Total Revenues 2,178,282.50 2,541,329.58 2,976,986.09 3,267,423.75 3,267,423.75 3,630,470.84 3,267,423.75 3,485,252.00 2,517,126.45 3,049,595.50 3,485,252.00 4,647,002.67 38,313,568.89

Expenses

Direct material

Food 357,715.09 417,334.28 488,877.30 536,572.64 536,572.64 596,191.82 536,572.64 572,344.15 413,359.67 500,801.13 572,344.15 763,125.54 6,291,811.06

Red Lable 62,337.55 72,727.15 85,194.66 93,506.33 93,506.33 103,895.92 93,506.33 99,740.08 72,034.51 87,272.57 99,740.08 132,986.78 1,096,448.29

Black lable 130,689.87 152,471.52 178,609.49 196,034.81 196,034.81 217,816.45 196,034.81 209,103.80 151,019.41 182,965.82 209,103.80 278,805.06 2,298,689.64

Champagne 396,360.22 462,420.25 541,692.30 594,540.32 594,540.32 660,600.36 594,540.32 634,176.35 458,016.25 554,904.30 634,176.35 845,568.46 6,971,535.80

Wine Australia 108,008.16 126,009.52 147,611.15 162,012.24 162,012.24 180,013.60 162,012.24 172,813.05 124,809.43 151,211.42 172,813.05 230,417.41 1,899,743.51

Wine France '72 156,958.65 183,118.42 214,510.15 235,437.97 235,437.97 261,597.74 235,437.97 251,133.83 181,374.43 219,742.10 251,133.83 334,845.11 2,760,728.18

Wine France '55 197,783.75 230,747.71 270,304.46 296,675.62 296,675.62 329,639.58 296,675.62 316,454.00 228,550.11 276,897.25 316,454.00 421,938.66 3,478,796.36


Electricity 5,250.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 60,250.00

Water supply 1,050.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 12,050.00 Depreciation Expense 60,589.27 60,589.27 60,589.27 60,589.27 60,589.27 60,589.27 60,589.27 60,589.27 60,589.27 60,589.27 60,589.27 60,589.27 727,071.24






Total Expenses 2,174,497.86 2,403,131.75 2,679,060.74 2,860,999.51 2,854,957.84 3,083,891.72 2,842,874.51 2,977,818.17 2,345,175.04 2,683,764.18 2,959,693.17 3,705,573.26 33,571,437.76


Taxes 1,135.39 41,459.35 89,377.60 121,927.27 123,739.77 163,973.73 127,364.77 152,230.15 51,585.42 109,749.40 157,667.65 282,428.82 1,422,639.34

Net Income 2,649.25 96,738.49 208,547.74 284,496.97 288,726.14 382,605.38 297,184.47 355,203.68 120,365.98 256,081.92 367,891.18 659,000.59 3,319,491.79

Dividend 264.92 9,673.85 20,854.77 28,449.70 28,872.61 38,260.54 29,718.45 35,520.37 12,036.60 25,608.19 36,789.12 65,900.06 331,949.18


P a g e | 74



YEAR 4


Revenues







Total Revenues 2,241,452.69 2,615,028.14 3,063,318.68 3,362,179.04 3,362,179.04 3,735,754.49 3,362,179.04 3,586,324.31 2,590,123.11 3,138,033.77 3,586,324.31 4,781,765.75 39,424,662.38

Expenses

Direct material

Food 368,088.83 429,436.97 503,054.74 552,133.25 552,133.25 613,481.39 552,133.25 588,942.13 425,347.10 515,324.37 588,942.13 785,256.18 6,474,273.58

Red Lable 64,145.34 74,836.23 87,665.30 96,218.01 96,218.01 106,908.90 96,218.01 102,632.55 74,123.51 89,803.48 102,632.55 136,843.40 1,128,245.29

Black lable 134,479.88 156,893.19 183,789.17 201,719.82 201,719.82 224,133.13 201,719.82 215,167.81 155,398.97 188,271.83 215,167.81 286,890.41 2,365,351.64

Champagne 407,854.66 475,830.44 557,401.37 611,781.99 611,781.99 679,757.77 611,781.99 652,567.46 471,298.72 570,996.53 652,567.46 870,089.95 7,173,710.34

Wine Australia 111,140.40 129,663.79 151,891.87 166,710.59 166,710.59 185,233.99 166,710.59 177,824.63 128,428.90 155,596.55 177,824.63 237,099.51 1,954,836.07

Wine France '72 161,510.45 188,428.85 220,730.94 242,265.67 242,265.67 269,184.08 242,265.67 258,416.71 186,634.29 226,114.62 258,416.71 344,555.62 2,840,789.29

Wine France '55 203,519.48 237,439.39 278,143.28 305,279.21 305,279.21 339,199.13 305,279.21 325,631.16 235,178.06 284,927.27 325,631.16 434,174.88 3,579,681.46


Electricity 5,250.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 60,250.00

Water supply 1,050.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 12,050.00







Total Expenses 2,142,883.61 2,378,331.78 2,662,437.93 2,849,828.13 2,843,786.46 3,079,534.64 2,831,703.13 2,970,735.37 2,319,920.80 2,668,504.23 2,952,610.37 3,720,296.19 33,420,572.63


Taxes 29,570.72 71,008.91 120,264.23 153,705.27 155,517.77 196,865.96 159,142.77 184,676.68 81,060.69 140,858.86 190,114.18 318,440.87 1,801,226.93

Net Income 68,998.36 165,687.45 280,616.53 358,645.64 362,874.80 459,353.90 371,333.14 430,912.26 189,141.62 328,670.68 443,599.76 743,028.69 4,202,862.83

Dividend 6,899.84 16,568.75 28,061.65 35,864.56 36,287.48 45,935.39 37,133.31 43,091.23 18,914.16 32,867.07 44,359.98 74,302.87 420,286.28


P a g e | 75



YEAR 5


Revenues



Revenues f rom black l abl e 172,636.72 201,409.51 235,936.85 258,955.08 258,955.08 287,727.87 258,955.08 276,218.75 199,491.32 241,691.41 276,218.75 368,291.67 3,036,488.11

Revenues from champagne 482,899.92 563,383.24 659,963.22 724,349.88 724,349.88 804,833.20 724,349.88 772,639.87 558,017.69 676,059.89 772,639.87 1,030,186.50 8,493,673.04




Total R evenues 2,322,144.99 2,709,169.16 3,173,598.15 3,483,217.49 3,483,217.49 3,870,241.65 3,483,217.49 3,715,431.99 2,683,367.55 3,251,002.99 3,715,431.99 4,953,909.31 40,843,950.23

Expenses

Direct material

Food 363,180.98 423,711.15 496,347.34 544,771.47 544,771.47 605,301.64 544,771.47 581,089.57 419,675.80 508,453.37 581,089.57 774,786.09 6,387,949.93

Red Lable 63,290.07 73,838.42 86,496.43 94,935.11 94,935.11 105,483.45 94,935.11 101,264.11 73,135.19 88,606.10 101,264.11 135,018.82 1,113,202.02

Black lable 132,686.81 154,801.28 181,338.65 199,030.22 199,030.22 221,144.69 199,030.22 212,298.90 153,326.98 185,761.54 212,298.90 283,065.20 2,333,813.62

Champagne 402,416.60 469,486.03 549,969.35 603,624.90 603,624.90 670,694.33 603,624.90 643,866.56 465,014.74 563,383.24 643,866.56 858,488.75 7,078,060.87

Wine Australia 109,658.52 127,934.94 149,866.65 164,487.79 164,487.79 182,764.21 164,487.79 175,453.64 126,716.52 153,521.93 175,453.64 233,938.18 1,928,771.59

Wine France '72 159,356.97 185,916.47 217,787.86 239,035.46 239,035.46 265,594.96 239,035.46 254,971.16 184,145.84 223,099.76 254,971.16 339,961.54 2,802,912.10

Wine France '55 200,805.88 234,273.53 274,434.71 301,208.83 301,208.83 334,676.47 301,208.83 321,289.41 232,042.35 281,128.24 321,289.41 428,385.88 3,531,952.37


Electricity 5,250.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 60,250.00

Water supply 1,050.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 12,050.00







Total Expenses 2,051,040.43 2,283,264.74 2,563,502.24 2,748,313.35 2,742,271.69 2,974,795.99 2,730,188.35 2,867,286.27 2,225,068.67 2,568,923.77 2,849,161.27 3,606,530.72 32,210,347.50


Taxes 81,331.37 127,771.33 183,028.77 220,471.24 222,283.74 268,633.70 225,908.74 254,443.71 137,489.66 204,623.77 259,881.21 404,213.58 2,590,080.82

Net Income 189,773.19 298,133.09 427,067.14 514,432.89 518,662.06 626,811.96 527,120.39 593,702.00 320,809.21 477,455.45 606,389.50 943,165.01 6,043,521.91

Dividend 18,977.32 29,813.31 42,706.71 51,443.29 51,866.21 62,681.20 52,712.04 59,370.20 32,080.92 47,745.55 60,638.95 94,316.50 604,352.19


P a g e | 76



Expense Increase 10%

YEAR 1


Revenues

Revenues form buffet 899,100.00 1,048,950.00 1,228,770.00 1,348,650.00 1,348,650.00 1,498,500.00 1,348,650.00 1,438,560.00 1,038,960.00 1,258,740.00 1,438,560.00 1,918,080.00 15,814,170.00 Revenues from red lable 87,480.00 102,060.00 119,556.00 131,220.00 131,220.00 145,800.00 131,220.00 139,968.00 101,088.00 122,472.00 139,968.00 186,624.00 1,538,676.00

Revenues f rom b lack lable 154, 440. 00 180,180.00 211,068.00 231,660.00 231,660.00 257,400.00 231,660.00 247,104.00 178,464.00 216,216.00 247,104.00 329,472.00 2,716,428.00

Revenues f rom champagne 432, 000. 00 504,000.00 590,400.00 648,000.00 648,000.00 720,000.00 648,000.00 691,200.00 499,200.00 604,800.00 691,200.00 921,600.00 7,598,400.00




Total Revenues 2,077,380.00 2,423,610.00 2,839,086.00 3,116,070.00 3,116,070.00 3,462,300.00 3,116,070.00 3,323,808.00 2,400,528.00 2,908,332.00 3,323,808.00 4,431,744.00 36,538,806.00

Expenses

Direct materia

Food 357,390.00 416,955.00 488,433.00 536,085.00 536,085.00 595,650.00 536,085.00 571,824.00 412,984.00 500,346.00 571,824.00 762,432.00 6,286,093.00

Red Lable 62,280.90 72,661.05 85,117.23 93,421.35 93,421.35 103,801.50 93,421.35 99,649.44 71,969.04 87,193.26 99,649.44 132,865.92 1,095,451.83

Black lable 130,571.10 152,332.95 178,447.17 195,856.65 195,856.65 217,618.50 195,856.65 208,913.76 150,882.16 182,799.54 208,913.76 278,551.68 2,296,600.57

Champagne 396,000.00 462,000.00 541,200.00 594,000.00 594,000.00 660,000.00 594,000.00 633,600.00 457,600.00 554,400.00 633,600.00 844,800.00 6,965,200.00

Wine Australia 107,910.00 125,895.00 147,477.00 161,865.00 161,865.00 179,850.00 161,865.00 172,656.00 124,696.00 151,074.00 172,656.00 230,208.00 1,898,017.00

Wine France '72 156,816.00 182,952.00 214,315.20 235,224.00 235,224.00 261,360.00 235,224.00 250,905.60 181,209.60 219,542.40 250,905.60 334,540.80 2,758,219.20

Wine France '55 197,604.00 230,538.00 270,058.80 296,406.00 296,406.00 329,340.00 296,406.00 316,166.40 228,342.40 276,645.60 316,166.40 421,555.20 3,475,634.80

Building rent Expense 154,000.00 154,000.00 154,000.00 154,000.00 154,000.00 154,000.00 154,000.00 154,000.00 154,000.00 154,000.00 154,000.00 154,000.00 1,848,000.00 Electricity 5,500.00 5,500.00 5,500.00 5,500.00 5,500.00 5,500.00 5,500.00 5,500.00 5,500.00 5,500.00 5,500.00 5,500.00 66,000.00

Water supply 1,100.00 1,100.00 1,100.00 1,100.00 1,100.00 1,100.00 1,100.00 1,100.00 1,100.00 1,100.00 1,100.00 1,100.00 13,200.00







Total Expenses 2,344,271.07 2,572,991.41 2,848,664.14 3,030,432.07 3,024,390.41 3,253,110.74 3,012,307.07 3,147,122.61 2,515,048.94 2,853,324.88 3,128,997.61 3,874,194.34 35,604,855.30


Taxes - 44,814.42- 2,873.44- 25,691.38 27,503.88 62,756.78 31,128.88 53,005.62 34,356.28- 16,502.14 58,443.12 167,264.90 360,252.53

Net Income 266,891.07- 104,566.98- 6,704.70- 59,946.55 64,175.71 146,432.48 72,634.05 123,679.77 80,164.66- 38,504.99 136,367.27 390,284.76 573,698.17

Dividend - 10,456.70- 670.47- 5,994.65 6,417.57 14,643.25 7,263.40 12,367.98 8,016.47- 3,850.50 13,636.73 39,028.48 84,058.92










P a g e | 81



Expense Increase 15%

YEAR 1


Revenues








Total Revenues 2,077,380.00 2,423,610.00 2,839,086.00 3,116,070.00 3,116,070.00 3,462,300.00 3,116,070.00 3,323,808.00 2,400,528.00 2,908,332.00 3,323,808.00 4,431,744.00 36,538,806.00

Expenses

Direct materia

Food 373,635.00 435,907.50 510,634.50 560,452.50 560,452.50 622,725.00 560,452.50 597,816.00 431,756.00 523,089.00 597,816.00 797,088.00 6,571,824.50

Red Lable 65,111.85 75,963.83 88,986.20 97,667.78 97,667.78 108,519.75 97,667.78 104,178.96 75,240.36 91,156.59 104,178.96 138,905.28 1,145,245.10

Black lable 136,506.15 159,257.18 186,558.41 204,759.23 204,759.23 227,510.25 204,759.23 218,409.84 157,740.44 191,108.61 218,409.84 291,213.12 2,400,991.51

Champagne 414,000.00 483,000.00 565,800.00 621,000.00 621,000.00 690,000.00 621,000.00 662,400.00 478,400.00 579,600.00 662,400.00 883,200.00 7,281,800.00

Wine Australia 112,815.00 131,617.50 154,180.50 169,222.50 169,222.50 188,025.00 169,222.50 180,504.00 130,364.00 157,941.00 180,504.00 240,672.00 1,984,290.50

Wine France '72 163,944.00 191,268.00 224,056.80 245,916.00 245,916.00 273,240.00 245,916.00 262,310.40 189,446.40 229,521.60 262,310.40 349,747.20 2,883,592.80

Wine France '55 206,586.00 241,017.00 282,334.20 309,879.00 309,879.00 344,310.00 309,879.00 330,537.60 238,721.60 289,220.40 330,537.60 440,716.80 3,633,618.20


Electricity 5,750.00 5,750.00 5,750.00 5,750.00 5,750.00 5,750.00 5,750.00 5,750.00 5,750.00 5,750.00 5,750.00 5,750.00 69,000.00

Water supply 1,150.00 1,150.00 1,150.00 1,150.00 1,150.00 1,150.00 1,150.00 1,150.00 1,150.00 1,150.00 1,150.00 1,150.00 13,800.00







Total Expenses 2,434,351.58 2,673,742.91 2,962,220.84 3,152,525.58 3,146,483.91 3,385,875.24 3,134,400.58 3,275,618.71 2,615,089.05 2,969,015.78 3,257,493.71 4,036,837.65 37,043,655.54

Earning before taxes 356,971.58- 250,132.91- 123,134.84- 36,455.58- 30,413.91- 76,424.76 18,330.58- 48,189.29 214,561.05- 60,683.78- 66,314.29 394,906.35 504,849.54-

Taxes - 75,039.87- 36,940.45- 10,936.67- 9,124.17- 22,927.43 5,499.17- 14,456.79 64,368.31- 18,205.13- 19,894.29 118,471.91 44,363.39-

Net Income 356,971.58- 175,093.04- 86,194.39- 25,518.90- 21,289.74- 53,497.33 12,831.40- 33,732.50 150,192.73- 42,478.65- 46,420.00 276,434.45 460,486.15-

Dividend - 17,509.30- 8,619.44- 2,551.89- 2,128.97- 5,349.73 1,283.14- 3,373.25 15,019.27- 4,247.86- 4,642.00 27,643.44 10,351.46-

Retained Earnings 356,971.58- 157,583.73- 77,574.95- 22,967.01- 19,160.76- 48,147.60 11,548.26- 30,359.25 135,173.46- 38,230.78- 41,778.00 248,791.00 450,134.69-

P a g e | 82



YEAR 2


Revenues








Total Revenues 2,123,082.36 2,476,929.42 2,901,545.89 3,184,623.54 3,184,623.54 3,538,470.60 3,184,623.54 3,396,931.78 2,453,339.62 2,972,315.30 3,396,931.78 4,529,242.37 37,342,659.73

Expenses

Direct material

Food 381,854.97 445,497.47 521,868.46 572,782.46 572,782.46 636,424.95 572,782.46 610,967.95 441,254.63 534,596.96 610,967.95 814,623.94 6,716,404.64

Red Lable 66,544.31 77,635.03 90,943.89 99,816.47 99,816.47 110,907.18 99,816.47 106,470.90 76,895.65 93,162.03 106,470.90 141,961.20 1,170,440.49

Black lable 139,509.29 162,760.83 190,662.69 209,263.93 209,263.93 232,515.48 209,263.93 223,214.86 161,210.73 195,313.00 223,214.86 297,619.81 2,453,813.32

Champagne 423,108.00 493,626.00 578,247.60 634,662.00 634,662.00 705,180.00 634,662.00 676,972.80 488,924.80 592,351.20 676,972.80 902,630.40 7,441,999.60

Wine Australia 115,296.93 134,513.09 157,572.47 172,945.40 172,945.40 192,161.55 172,945.40 184,475.09 133,232.01 161,415.70 184,475.09 245,966.78 2,027,944.89

Wine France '72 167,550.77 195,475.90 228,986.05 251,326.15 251,326.15 279,251.28 251,326.15 268,081.23 193,614.22 234,571.08 268,081.23 357,441.64 2,947,031.84

Wine France '55 211,130.89 246,319.37 288,545.55 316,696.34 316,696.34 351,884.82 316,696.34 337,809.43 243,973.48 295,583.25 337,809.43 450,412.57 3,713,557.80


Electricity 5,750.00 5,750.00 5,750.00 5,750.00 5,750.00 5,750.00 5,750.00 5,750.00 5,750.00 5,750.00 5,750.00 5,750.00 69,000.00

Water supply 1,150.00 1,150.00 1,150.00 1,150.00 1,150.00 1,150.00 1,150.00 1,150.00 1,150.00 1,150.00 1,150.00 1,150.00 13,800.00







Total Expenses 2,394,248.74 2,639,039.60 2,933,996.96 3,128,621.31 3,122,579.65 3,367,370.51 3,110,496.32 3,254,954.16 2,580,025.76 2,941,871.80 3,236,829.16 4,033,451.58 36,743,485.55


Taxes 81,349.91- 48,633.05- 9,735.32- 16,800.67 18,613.17 51,330.03 22,238.17 42,593.28 38,005.84- 9,133.05 48,030.78 148,737.24 179,752.26

Net Income 189,816.46- 113,477.12- 22,715.75- 39,201.56 43,430.72 119,770.06 51,889.06 99,384.33 88,680.30- 21,310.45 112,071.83 347,053.55 419,421.93

Dividend 18,981.65- 11,347.71- 2,271.57- 3,920.16 4,343.07 11,977.01 5,188.91 9,938.43 8,868.03- 2,131.05 11,207.18 34,705.36 41,942.19




P a g e | 84



YEAR 4


Revenues







Total Revenues 2,241,452.69 2,615,028.14 3,063,318.68 3,362,179.04 3,362,179.04 3,735,754.49 3,362,179.04 3,586,324.31 2,590,123.11 3,138,033.77 3,586,324.31 4,781,765.75 39,424,662.38

Expenses

Direct material

Food 403,144.91 470,335.73 550,964.71 604,717.37 604,717.37 671,908.19 604,717.37 645,031.86 465,856.34 564,402.88 645,031.86 860,042.48 7,090,871.06

Red Lable 70,254.42 81,963.49 96,014.38 105,381.63 105,381.63 117,090.70 105,381.63 112,407.08 81,182.89 98,356.19 112,407.08 149,876.10 1,235,697.23

Black lable 147,287.49 171,835.40 201,292.90 220,931.23 220,931.23 245,479.14 220,931.23 235,659.98 170,198.87 206,202.48 235,659.98 314,213.30 2,590,623.23

Champagne 446,697.96 521,147.62 610,487.22 670,046.95 670,046.95 744,496.61 670,046.95 714,716.74 516,184.31 625,377.15 714,716.74 952,955.66 7,856,920.85

Wine Australia 121,725.20 142,012.73 166,357.77 182,587.79 182,587.79 202,875.33 182,587.79 194,760.31 140,660.23 170,415.27 194,760.31 259,680.42 2,141,010.93

Wine France '72 176,892.39 206,374.46 241,752.94 265,338.59 265,338.59 294,820.66 265,338.59 283,027.83 204,408.99 247,649.35 283,027.83 377,370.44 3,111,340.65

Wine France '55 222,902.28 260,052.66 304,633.12 334,353.43 334,353.43 371,503.81 334,353.43 356,643.65 257,575.97 312,063.20 356,643.65 475,524.87 3,920,603.50


Electricity 5,750.00 5,750.00 5,750.00 5,750.00 5,750.00 5,750.00 5,750.00 5,750.00 5,750.00 5,750.00 5,750.00 5,750.00 69,000.00

Water supply 1,150.00 1,150.00 1,150.00 1,150.00 1,150.00 1,150.00 1,150.00 1,150.00 1,150.00 1,150.00 1,150.00 1,150.00 13,800.00







Total E xpenses 2,333,158.24 2,591,934.02 2,903,673.28 3,109,485.57 3,103,443.90 3,362,219.68 3,091,360.57 3,244,209.37 2,531,987.86 2,914,345.11 3,226,084.37 4,067,458.52 36,479,360.49


Taxes 27,511.66- 6,928.24 47,893.62 75,808.04 77,620.54 112,060.44 81,245.54 102,634.48 17,440.58 67,106.60 108,071.98 214,292.17 883,590.57

Net Income 64,193.88- 16,165.89 111,751.78 176,885.43 181,114.60 261,474.37 189,572.93 239,480.46 40,694.68 156,582.07 252,167.96 500,015.06 2,061,711.33

Dividend 6,419.39- 1,616.59 11,175.18 17,688.54 18,111.46 26,147.44 18,957.29 23,948.05 4,069.47 15,658.21 25,216.80 50,001.51 206,171.13


P a g e | 85



YEAR 5


Revenues



Revenues f rom b lack l able 172,636.72 201,409.51 235,936.85 258,955.08 258,955.08 287,727.87 258,955.08 276,218.75 199,491.32 241,691.41 276,218.75 368,291.67 3,036,488.11

Revenues from champagne 482,899.92 563,383.24 659,963.22 724,349.88 724,349.88 804,833.20 724,349.88 772,639.87 558,017.69 676,059.89 772,639.87 1,030,186.50 8,493,673.04 Revenues from wine Australia 131,590.23 153,521.93 179,839.98 197,385.34 197,385.34 219,317.05 197,385.34 210,544.37 152,059.82 184,226.32 210,544.37 280,725.82 2,314,525.90



Total Revenues 2,322,144.99 2,709,169.16 3,173,598.15 3,483,217.49 3,483,217.49 3,870,241.65 3,483,217.49 3,715,431.99 2,683,367.55 3,251,002.99 3,715,431.99 4,953,909.31 40,843,950.23

Expenses

Direct material

Food 417,658.13 487,267.82 570,799.44 626,487.19 626,487.19 696,096.88 626,487.19 668,253.01 482,627.17 584,721.38 668,253.01 891,004.01 7,346,142.42

Red Lable 72,783.58 84,914.18 99,470.89 109,175.37 109,175.37 121,305.97 109,175.37 116,453.73 84,105.47 101,897.01 116,453.73 155,271.64 1,280,182.33

Black lable 152,589.84 178,021.47 208,539.44 228,884.75 228,884.75 254,316.39 228,884.75 244,143.74 176,326.03 213,625.77 244,143.74 325,524.98 2,683,885.66

Champagne 462,779.09 539,908.94 632,464.76 694,168.64 694,168.64 771,298.48 694,168.64 740,446.54 534,766.95 647,890.73 740,446.54 987,262.06 8,139,770.00

Wine Australia 126,107.30 147,125.19 172,346.65 189,160.95 189,160.95 210,178.84 189,160.95 201,771.68 145,723.99 176,550.22 201,771.68 269,028.91 2,218,087.32

Wine France '72 183,260.52 213,803.94 250,456.04 274,890.78 274,890.78 305,434.20 274,890.78 293,216.83 211,767.71 256,564.73 293,216.83 390,955.78 3,223,348.92

Wine France '55 230,926.77 269,414.56 315,599.91 346,390.15 346,390.15 384,877.94 346,390.15 369,482.83 266,848.71 323,297.47 369,482.83 492,643.77 4,061,745.23


Electricity 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 60,000.00

Water supply 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 12,000.00

Depreciation Expense 66,359.68 66,359.68 66,359.68 66,359.68 66,359.68 66,359.68 66,359.68 66,359.68 66,359.68 66,359.68 66,359.68 66,359.68 796,316.12 Internet Expense 700.00 700.00 700.00 700.00 700.00 700.00 700.00 700.00 700.00 700.00 700.00 700.00 8,400.00





Total Expenses 2,248,350.91 2,516,660.12 2,839,839.49 3,053,278.52 3,047,236.86 3,315,546.06 3,035,153.53 3,193,722.38 2,456,078.39 2,852,418.00 3,175,597.38 4,047,478.50 35,781,360.15


Taxes 22,138.22 57,752.71 100,127.60 128,981.69 130,794.19 166,408.68 134,419.19 156,512.88 68,186.75 119,575.50 161,950.38 271,929.24 1,518,777.02

Net Income 51,655.86 134,756.33 233,631.06 300,957.27 305,186.44 388,286.91 313,644.77 365,196.72 159,102.41 279,009.49 377,884.22 634,501.57 3,543,813.05

Dividend 5,165.59 13,475.63 23,363.11 30,095.73 30,518.64 38,828.69 31,364.48 36,519.67 15,910.24 27,900.95 37,788.42 63,450.16 354,381.31




P a g e | 87



YEAR 2


Revenues




Rev enues f rom champagne 441 ,504 .00 515,088.00 603,388.80 662,256.00 662,256.00 735,840.00 662,256.00 706,406.40 510,182.40 618,105.60 706,406.40 941,875.20 7,765,564.80



Total Revenues 2,123,082.36 2,476,929.42 2,901,545.89 3,184,623.54 3,184,623.54 3,538,470.60 3,184,623.54 3,396,931.78 2,453,339.62 2,972,315.30 3,396,931.78 4,529,242.37 37,342,659.73

Expenses

Direct material

Food 332,047.80 387,389.10 453,798.66 498,071.70 498,071.70 553,413.00 498,071.70 531,276.48 383,699.68 464,866.92 531,276.48 708,368.64 5,840,351.86

Red Lable 57,864.62 67,508.72 79,081.64 86,796.93 86,796.93 96,441.03 86,796.93 92,583.39 66,865.78 81,010.47 92,583.39 123,444.52 1,017,774.34

Black lable 121,312.42 141,531.16 165,793.64 181,968.63 181,968.63 202,187.37 181,968.63 194,099.88 140,183.24 169,837.39 194,099.88 258,799.83 2,133,750.71

Champagne 367,920.00 429,240.00 502,824.00 551,880.00 551,880.00 613,200.00 551,880.00 588,672.00 425,152.00 515,088.00 588,672.00 784,896.00 6,471,304.00

Wine Australia 100,258.20 116,967.90 137,019.54 150,387.30 150,387.30 167,097.00 150,387.30 160,413.12 115,853.92 140,361.48 160,413.12 213,884.16 1,763,430.34

Wine France '72 145,696.32 169,979.04 199,118.30 218,544.48 218,544.48 242,827.20 218,544.48 233,114.11 168,360.19 203,974.85 233,114.11 310,818.82 2,562,636.38

Wine France '55 183,592.08 214,190.76 250,909.18 275,388.12 275,388.12 305,986.80 275,388.12 293,747.33 212,150.85 257,028.91 293,747.33 391,663.10 3,229,180.70


Electricity 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 60,000.00

Water supply 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 12,000.00







Total Expenses 2,134,281.51 2,346,053.00 2,601,447.54 2,769,595.98 2,763,252.23 2,975,023.72 2,750,564.73 2,875,090.13 2,287,105.74 2,600,664.34 2,856,058.88 3,547,683.89 32,506,821.68


Taxes 3,359.74- 39,262.93 90,029.51 124,508.27 126,411.39 169,034.06 130,217.64 156,552.50 49,870.16 111,495.29 162,261.87 294,467.54 1,450,751.42

Net Income 7,839.40- 91,613.49 210,068.85 290,519.29 294,959.92 394,412.82 303,841.17 365,289.16 116,363.72 260,155.68 378,611.03 687,090.93 3,385,086.64

Dividend 783.94- 9,161.35 21,006.88 29,051.93 29,495.99 39,441.28 30,384.12 36,528.92 11,636.37 26,015.57 37,861.10 68,709.09 338,508.66


P a g e | 88



YEAR 3


Revenues



Revenues from black lable 161, 941.46 188,931.70 221,319.99 242,912.19 242,912.19 269,902.43 242,912.19 259,106.34 187,132.35 226,718.04 259,106.34 345,475.11 2,848,370.34

Revenues f rom champagne 452, 983.10 528,480.29 619,076.91 679,474.66 679,474.66 754,971.84 679,474.66 724,772.97 523,447.14 634,176.35 724,772.97 966,363.96 7,967,469.48




Total Revenues 2,178, 282.50 2,541,329.58 2,976,986.09 3,267,423.75 3,267,423.75 3,630,470.84 3,267,423.75 3,485,252.00 2,517,126.45 3,049,595.50 3,485,252.00 4,647,002.67 38,313,568.89

Expenses

Direct material

Food 340,681.04 397,461.22 465,597.43 511,021.56 511,021.56 567,801.74 511,021.56 545,089.67 393,675.87 476,953.46 545,089.67 726,786.22 5,992,201.01

Red Lable 59,369.10 69,263.95 81,137.77 89,053.65 89,053.65 98,948.50 89,053.65 94,990.56 68,604.29 83,116.74 94,990.56 126,654.08 1,044,236.47

Black lable 124,466.54 145,210.97 170,104.28 186,699.82 186,699.82 207,444.24 186,699.82 199,146.47 143,828.01 174,253.16 199,146.47 265,528.63 2,189,228.23

Champagne 377,485.92 440,400.24 515,897.42 566,228.88 566,228.88 629,143.20 566,228.88 603,977.47 436,205.95 528,480.29 603,977.47 805,303.30 6,639,557.90

Wine Australia 102,864.91 120,009.07 140,582.05 154,297.37 154,297.37 171,441.52 154,297.37 164,583.86 118,866.12 144,010.88 164,583.86 219,445.15 1,809,279.53

Wine France '72 149,484.42 174,398.50 204,295.38 224,226.64 224,226.64 249,140.71 224,226.64 239,175.08 172,737.56 209,278.19 239,175.08 318,900.11 2,629,264.93

Wine France '55 188,365.47 219,759.72 257,432.81 282,548.21 282,548.21 313,942.46 282,548.21 301,384.76 217,666.77 263,711.66 301,384.76 401,846.34 3,313,139.39


Electricity 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 60,000.00

Water supply 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 12,000.00


Internet Expense 700.00 700.00 700.00 700.00 700.00 700.00 700.00 700.00 700.00 700.00 700.00 700.00 8,400.00 Telephone Expense 1,600.00 1,600.00 1,600.00 1,600.00 1,600.00 1,600.00 1,600.00 1,600.00 1,600.00 1,600.00 1,600.00 1,600.00 19,200.00




Total Expenses 2,092, 182.49 2,309,624.98 2,571,824.71 2,744,509.95 2,738,166.20 2,955,608.69 2,725,478.70 2,853,406.69 2,250,299.65 2,572,175.71 2,834,375.44 3,544,147.65 32,191,800.85


Taxes 25,830.00 69,511.38 121,548.41 156,874.14 158,777.27 202,458.64 162,583.52 189,553.59 80,048.04 143,225.94 195,262.97 330,856.51 1,836,530.41

Net Income 60,270.01 162,193.23 283,612.96 366,039.66 370,480.29 472,403.50 379,361.54 442,291.72 186,778.76 334,193.85 455,613.59 771,998.51 4,285,237.62

Dividend 6,027.00 16,219.32 28,361.30 36,603.97 37,048.03 47,240.35 37,936.15 44,229.17 18,677.88 33,419.39 45,561.36 77,199.85 428,523.76




P a g e | 90



YEAR 5


Revenues



Revenues fr om black lable 172, 636.72 201,409.51 235,936.85 258,955.08 258,955.08 287,727.87 258,955.08 276,218.75 199,491.32 241,691.41 276,218.75 368,291.67 3,036,488.11

Revenues fr om champagne 482, 899.92 563,383.24 659,963.22 724,349.88 724,349.88 804,833.20 724,349.88 772,639.87 558,017.69 676,059.89 772,639.87 1,030,186.50 8,493,673.04



Revenues from wine France '55 240,967.06 281,128.24 329,321.65 361,450.59 361,450.59 401,611.77 361,450.59 385,547.30 278,450.83 337,353.88 385,547.30 514,063.06 4,238,342.85 Total R evenues 2,322,144.99 2,709,169.16 3,173,598.15 3,483,217.49 3,483,217.49 3,870,241.65 3,483,217.49 3,715,431.99 2,683,367.55 3,251,002.99 3,715,431.99 4,953,909.31 40,843,950.23

Expenses

Direct material

Food 363,180.98 423,711.15 496,347.34 544,771.47 544,771.47 605,301.64 544,771.47 581,089.57 419,675.80 508,453.37 581,089.57 774,786.09 6,387,949.93

Red Lable 63,290.07 73,838.42 86,496.43 94,935.11 94,935.11 105,483.45 94,935.11 101,264.11 73,135.19 88,606.10 101,264.11 135,018.82 1,113,202.02

Black lable 132,686.81 154,801.28 181,338.65 199,030.22 199,030.22 221,144.69 199,030.22 212,298.90 153,326.98 185,761.54 212,298.90 283,065.20 2,333,813.62

Champagne 402,416.60 469,486.03 549,969.35 603,624.90 603,624.90 670,694.33 603,624.90 643,866.56 465,014.74 563,383.24 643,866.56 858,488.75 7,078,060.87

Wine Australia 109,658.52 127,934.94 149,866.65 164,487.79 164,487.79 182,764.21 164,487.79 175,453.64 126,716.52 153,521.93 175,453.64 233,938.18 1,928,771.59

Wine France '72 159,356.97 185,916.47 217,787.86 239,035.46 239,035.46 265,594.96 239,035.46 254,971.16 184,145.84 223,099.76 254,971.16 339,961.54 2,802,912.10

Wine France '55 200,805.88 234,273.53 274,434.71 301,208.83 301,208.83 334,676.47 301,208.83 321,289.41 232,042.35 281,128.24 321,289.41 428,385.88 3,531,952.37


Electricity 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 60,000.00

Water supply 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 12,000.00







Total Expenses 2,028,610.93 2,260,833.15 2,540,768.57 2,725,277.60 2,718,933.85 2,951,156.07 2,706,246.35 2,843,042.19 2,200,522.50 2,544,075.52 2,824,010.94 3,581,078.30 31,924,555.96


Taxes 88,060.22 134,500.80 189,848.88 227,381.97 229,285.09 275,725.67 233,091.34 261,716.94 144,853.51 212,078.24 267,426.31 411,849.30 2,675,818.28

Net Income 205,473.85 313,835.20 442,980.71 530,557.92 534,998.55 643,359.90 543,879.80 610,672.86 337,991.53 494,849.23 623,994.73 960,981.71 6,243,575.99

Dividend 20,547.38 31,383.52 44,298.07 53,055.79 53,499.85 64,335.99 54,387.98 61,067.29 33,799.15 49,484.92 62,399.47 96,098.17 624,357.60


P a g e | 91



Interest Increase 10%

YEAR 1


Revenues








Total Revenues 2,077,380.00 2,423,610.00 2,839,086.00 3,116,070.00 3,116,070.00 3,462,300.00 3,116,070.00 3,323,808.00 2,400,528.00 2,908,332.00 3,323,808.00 4,431,744.00 36,538,806.00

Expenses

Direct materia

Food 324,900.00 379,050.00 444,030.00 487,350.00 487,350.00 541,500.00 487,350.00 519,840.00 375,440.00 454,860.00 519,840.00 693,120.00 5,714,630.00

Red Lable 56,619.00 66,055.50 77,379.30 84,928.50 84,928.50 94,365.00 84,928.50 90,590.40 65,426.40 79,266.60 90,590.40 120,787.20 995,865.30

Black lable 118,701.00 138,484.50 162,224.70 178,051.50 178,051.50 197,835.00 178,051.50 189,921.60 137,165.60 166,181.40 189,921.60 253,228.80 2,087,818.70

Champagne 360,000.00 420,000.00 492,000.00 540,000.00 540,000.00 600,000.00 540,000.00 576,000.00 416,000.00 504,000.00 576,000.00 768,000.00 6,332,000.00

Wine Australia 98,100.00 114,450.00 134,070.00 147,150.00 147,150.00 163,500.00 147,150.00 156,960.00 113,360.00 137,340.00 156,960.00 209,280.00 1,725,470.00



Electricity 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 60,000.00

Water supply 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 12,000.00







Total Expenses 2,200,360.07 2,407,134.23 2,656,592.40 2,820,682.57 2,814,036.73 3,020,810.90 2,800,745.07 2,922,151.24 2,346,385.40 2,652,755.57 2,902,213.74 3,578,511.90 33,122,379.82


Taxes - 4,942.73 54,748.08 88,616.23 90,609.98 132,446.73 94,597.48 120,497.03 16,242.78 76,672.93 126,478.28 255,969.63 1,061,821.87

Net Income 122,980.07- 11,533.04 127,745.52 206,771.20 211,423.29 309,042.37 220,727.45 281,159.74 37,899.82 178,903.50 295,115.98 597,262.47 2,354,604.31

Dividend - 1,153.30 12,774.55 20,677.12 21,142.33 30,904.24 22,072.75 28,115.97 3,789.98 17,890.35 29,511.60 59,726.25 247,758.44


P a g e | 92



YEAR 2


Revenues




Revenues f rom champagne 441 ,504.00 515,088.00 603,388.80 662,256.00 662,256.00 735,840.00 662,256.00 706,406.40 510,182.40 618,105.60 706,406.40 941,875.20 7,765,564.80




Total Revenues 2,123,082.36 2,476,929.42 2,901,545.89 3,184,623.54 3,184,623.54 3,538,470.60 3,184,623.54 3,396,931.78 2,453,339.62 2,972,315.30 3,396,931.78 4,529,242.37 37,342,659.73 Expenses

Direct material

Food 332,047.80 387,389.10 453,798.66 498,071.70 498,071.70 553,413.00 498,071.70 531,276.48 383,699.68 464,866.92 531,276.48 708,368.64 5,840,351.86

Red Lable 57,864.62 67,508.72 79,081.64 86,796.93 86,796.93 96,441.03 86,796.93 92,583.39 66,865.78 81,010.47 92,583.39 123,444.52 1,017,774.34

Black lable 121,312.42 141,531.16 165,793.64 181,968.63 181,968.63 202,187.37 181,968.63 194,099.88 140,183.24 169,837.39 194,099.88 258,799.83 2,133,750.71

Champagne 367,920.00 429,240.00 502,824.00 551,880.00 551,880.00 613,200.00 551,880.00 588,672.00 425,152.00 515,088.00 588,672.00 784,896.00 6,471,304.00

Wine Australia 100,258.20 116,967.90 137,019.54 150,387.30 150,387.30 167,097.00 150,387.30 160,413.12 115,853.92 140,361.48 160,413.12 213,884.16 1,763,430.34

Wine France '72 145,696.32 169,979.04 199,118.30 218,544.48 218,544.48 242,827.20 218,544.48 233,114.11 168,360.19 203,974.85 233,114.11 310,818.82 2,562,636.38

Wine France '55 183,592.08 214,190.76 250,909.18 275,388.12 275,388.12 305,986.80 275,388.12 293,747.33 212,150.85 257,028.91 293,747.33 391,663.10 3,229,180.70


Electricity 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 60,000.00

Water supply 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 12,000.00





Salaries Expense 311,500.00 311,500.00 311,500.00 311,500.00 311,500.00 311,500.00 311,500.00 311,500.00 311,500.00 311,500.00 311,500.00 311,500.00 3,738,000.00 Interest Expense 319,000.00 312,354.17 305,708.34 299,062.50 292,416.67 285,770.84 279,125.00 272,479.17 265,833.34 259,187.51 252,541.67 245,895.84 3,389,375.06

Total Expenses 2,148,781.51 2,360,250.92 2,615,343.37 2,783,189.73 2,776,543.90 2,988,013.30 2,763,252.23 2,887,475.54 2,299,189.07 2,612,445.59 2,867,538.04 3,558,860.98 32,660,884.18


Taxes 7,709.74- 35,003.55 85,860.76 120,430.14 122,423.89 165,137.19 126,411.39 152,836.87 46,245.16 107,960.91 158,818.12 291,114.42 1,404,532.66

Net Income 17,989.40- 81,674.95 200,341.76 281,003.67 285,655.75 385,320.11 294,959.92 356,619.36 107,905.38 251,908.80 370,575.61 679,266.97 3,277,242.88

Dividend 1,798.94- 8,167.50 20,034.18 28,100.37 28,565.57 38,532.01 29,495.99 35,661.94 10,790.54 25,190.88 37,057.56 67,926.70 327,724.29






P a g e | 95



YEAR 5


Revenues




Revenues fr om champagne 482 ,899 .92 563,383.24 659,963.22 724,349.88 724,349.88 804,833.20 724,349.88 772,639.87 558,017.69 676,059.89 772,639.87 1,030,186.50 8,493,673.04



Total Revenues 2,322,144.99 2,709,169.16 3,173,598.15 3,483,217.49 3,483,217.49 3,870,241.65 3,483,217.49 3,715,431.99 2,683,367.55 3,251,002.99 3,715,431.99 4,953,909.31 40,843,950.23

Expenses

Direct material

Food 363,180.98 423,711.15 496,347.34 544,771.47 544,771.47 605,301.64 544,771.47 581,089.57 419,675.80 508,453.37 581,089.57 774,786.09 6,387,949.93

Red Lable 63,290.07 73,838.42 86,496.43 94,935.11 94,935.11 105,483.45 94,935.11 101,264.11 73,135.19 88,606.10 101,264.11 135,018.82 1,113,202.02

Black lable 132,686.81 154,801.28 181,338.65 199,030.22 199,030.22 221,144.69 199,030.22 212,298.90 153,326.98 185,761.54 212,298.90 283,065.20 2,333,813.62

Champagne 402,416.60 469,486.03 549,969.35 603,624.90 603,624.90 670,694.33 603,624.90 643,866.56 465,014.74 563,383.24 643,866.56 858,488.75 7,078,060.87

Wine Australia 109,658.52 127,934.94 149,866.65 164,487.79 164,487.79 182,764.21 164,487.79 175,453.64 126,716.52 153,521.93 175,453.64 233,938.18 1,928,771.59

Wine France '72 159,356.97 185,916.47 217,787.86 239,035.46 239,035.46 265,594.96 239,035.46 254,971.16 184,145.84 223,099.76 254,971.16 339,961.54 2,802,912.10

Wine France '55 200,805.88 234,273.53 274,434.71 301,208.83 301,208.83 334,676.47 301,208.83 321,289.41 232,042.35 281,128.24 321,289.41 428,385.88 3,531,952.37


Electricity 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 60,000.00

Water supply 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 12,000.00

Depreciation Expense 57,704.07 57,704.07 57,704.07 57,704.07 57,704.07 57,704.07 57,704.07 57,704.07 57,704.07 57,704.07 57,704.07 57,704.07 692,448.80 Internet Expense 700.00 700.00 700.00 700.00 700.00 700.00 700.00 700.00 700.00 700.00 700.00 700.00 8,400.00





Total Expenses 2,032,235.93 2,264,156.07 2,543,789.40 2,727,996.35 2,721,350.52 2,953,270.66 2,708,058.85 2,844,552.60 2,201,730.84 2,544,981.77 2,824,615.10 3,581,380.39 31,948,118.47


Taxes 86,972.72 133,503.93 188,942.63 226,566.34 228,560.09 275,091.30 232,547.59 261,263.81 144,491.01 211,806.37 267,245.06 411,758.68 2,668,749.53

Net Income 202,936.35 311,509.16 440,866.13 528,654.80 533,306.88 641,879.70 542,611.04 609,615.57 337,145.70 494,214.85 623,571.82 960,770.25 6,227,082.23

Dividend 20,293.63 31,150.92 44,086.61 52,865.48 53,330.69 64,187.97 54,261.10 60,961.56 33,714.57 49,421.49 62,357.18 96,077.02 622,708.22


P a g e | 96



Interest Increase 15%

YEAR 1


Revenues








Total Revenues 2,077,380.00 2,423,610.00 2,839,086.00 3,116,070.00 3,116,070.00 3,462,300.00 3,116,070.00 3,323,808.00 2,400,528.00 2,908,332.00 3,323,808.00 4,431,744.00 36,538,806.00

Expenses

Direct materia

Food 324,900.00 379,050.00 444,030.00 487,350.00 487,350.00 541,500.00 487,350.00 519,840.00 375,440.00 454,860.00 519,840.00 693,120.00 5,714,630.00

Red Lable 56,619.00 66,055.50 77,379.30 84,928.50 84,928.50 94,365.00 84,928.50 90,590.40 65,426.40 79,266.60 90,590.40 120,787.20 995,865.30

Black lable 118,701.00 138,484.50 162,224.70 178,051.50 178,051.50 197,835.00 178,051.50 189,921.60 137,165.60 166,181.40 189,921.60 253,228.80 2,087,818.70

Champagne 360,000.00 420,000.00 492,000.00 540,000.00 540,000.00 600,000.00 540,000.00 576,000.00 416,000.00 504,000.00 576,000.00 768,000.00 6,332,000.00

Wine Australia 98,100.00 114,450.00 134,070.00 147,150.00 147,150.00 163,500.00 147,150.00 156,960.00 113,360.00 137,340.00 156,960.00 209,280.00 1,725,470.00 Wine France '72 142,560.00 166,320.00 194,832.00 213,840.00 213,840.00 237,600.00 213,840.00 228,096.00 164,736.00 199,584.00 228,096.00 304,128.00 2,507,472.00

Wine France '55 179,640.00 209,580.00 245,508.00 269,460.00 269,460.00 299,400.00 269,460.00 287,424.00 207,584.00 251,496.00 287,424.00 383,232.00 3,159,668.00


Electricity 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 60,000.00

Water supply 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 12,000.00







Total Expenses 2,218,485.07 2,424,957.15 2,674,113.23 2,837,901.32 2,830,953.40 3,037,425.48 2,817,057.57 2,938,161.65 2,362,093.74 2,668,161.82 2,917,317.90 3,593,313.99 33,319,942.32

Earning before taxes 141,105.07- 1,347.15- 164,972.77 278,168.68 285,116.60 424,874.52 299,012.43 385,646.35 38,434.26 240,170.18 406,490.10 838,430.01 3,218,863.68

Taxes - 404.15- 49,491.83 83,450.60 85,534.98 127,462.35 89,703.73 115,693.90 11,530.28 72,051.05 121,947.03 251,529.00 1,007,990.62

Net Income 141,105.07- 943.01- 115,480.94 194,718.08 199,581.62 297,412.16 209,308.70 269,952.44 26,903.99 168,119.13 284,543.07 586,901.01 2,210,873.06

Dividend - 94.30- 11,548.09 19,471.81 19,958.16 29,741.22 20,930.87 26,995.24 2,690.40 16,811.91 28,454.31 58,690.10 235,197.81

Retained Earnings 141,105.07- 848.70- 103,932.84 175,246.27 179,623.46 267,670.94 188,377.83 242,957.20 24,213.59 151,307.21 256,088.76 528,210.91 1,975,675.24



P a g e | 98



YEAR 3


Revenues







Total Revenues 2,178,282.50 2,541,329.58 2,976,986.09 3,267,423.75 3,267,423.75 3,630,470.84 3,267,423.75 3,485,252.00 2,517,126.45 3,049,595.50 3,485,252.00 4,647,002.67 38,313,568.89

Expenses

Direct material

Food 340,681.04 397,461.22 465,597.43 511,021.56 511,021.56 567,801.74 511,021.56 545,089.67 393,675.87 476,953.46 545,089.67 726,786.22 5,992,201.01

Red Lable 59,369.10 69,263.95 81,137.77 89,053.65 89,053.65 98,948.50 89,053.65 94,990.56 68,604.29 83,116.74 94,990.56 126,654.08 1,044,236.47

Black lable 124,466.54 145,210.97 170,104.28 186,699.82 186,699.82 207,444.24 186,699.82 199,146.47 143,828.01 174,253.16 199,146.47 265,528.63 2,189,228.23

Champagne 377,485.92 440,400.24 515,897.42 566,228.88 566,228.88 629,143.20 566,228.88 603,977.47 436,205.95 528,480.29 603,977.47 805,303.30 6,639,557.90

Wine Australia 102,864.91 120,009.07 140,582.05 154,297.37 154,297.37 171,441.52 154,297.37 164,583.86 118,866.12 144,010.88 164,583.86 219,445.15 1,809,279.53

Wine France '72 149,484.42 174,398.50 204,295.38 224,226.64 224,226.64 249,140.71 224,226.64 239,175.08 172,737.56 209,278.19 239,175.08 318,900.11 2,629,264.93

Wine France '55 188,365.47 219,759.72 257,432.81 282,548.21 282,548.21 313,942.46 282,548.21 301,384.76 217,666.77 263,711.66 301,384.76 401,846.34 3,313,139.39


Electricity 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 60,000.00

Water supply 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 12,000.00


Internet Expense 700.00 700.00 700.00 700.00 700.00 700.00 700.00 700.00 700.00 700.00 700.00 700.00 8,400.00 Telephone Expense 1,600.00 1,600.00 1,600.00 1,600.00 1,600.00 1,600.00 1,600.00 1,600.00 1,600.00 1,600.00 1,600.00 1,600.00 19,200.00




Total Expenses 2,113,932.49 2,330,770.81 2,592,366.38 2,764,447.45 2,757,499.53 2,974,337.85 2,743,603.70 2,870,927.53 2,267,216.31 2,588,488.21 2,850,083.78 3,559,251.82 32,412,925.86


Taxes 19,305.00 63,167.63 115,385.91 150,892.89 152,977.27 196,839.89 157,146.02 184,297.34 74,973.04 138,332.19 190,550.47 326,325.26 1,770,192.91

Net Income 45,045.01 147,391.14 269,233.80 352,083.41 356,946.95 459,293.09 366,674.04 430,027.13 174,937.09 322,775.10 444,617.76 761,425.60 4,130,450.12

Dividend 4,504.50 14,739.11 26,923.38 35,208.34 35,694.70 45,929.31 36,667.40 43,002.71 17,493.71 32,277.51 44,461.78 76,142.56 413,045.01




P a g e | 100



YEAR 5


Revenues



Revenues from black lable 172,636. 72 201,409.51 235,936.85 258,955.08 258,955.08 287,727.87 258,955.08 276,218.75 199,491.32 241,691.41 276,218.75 368,291.67 3,036,488.11

Revenues from champagne 482,899. 92 563,383.24 659,963.22 724,349.88 724,349.88 804,833.20 724,349.88 772,639.87 558,017.69 676,059.89 772,639.87 1,030,186.50 8,493,673.04



Total R evenues 2,322,144.99 2,709,169.16 3,173,598.15 3,483,217.49 3,483,217.49 3,870,241.65 3,483,217.49 3,715,431.99 2,683,367.55 3,251,002.99 3,715,431.99 4,953,909.31 40,843,950.23

Expenses

Direct material

Food 363,180.98 423,711.15 496,347.34 544,771.47 544,771.47 605,301.64 544,771.47 581,089.57 419,675.80 508,453.37 581,089.57 774,786.09 6,387,949.93

Red Lable 63,290.07 73,838.42 86,496.43 94,935.11 94,935.11 105,483.45 94,935.11 101,264.11 73,135.19 88,606.10 101,264.11 135,018.82 1,113,202.02

Black lable 132,686.81 154,801.28 181,338.65 199,030.22 199,030.22 221,144.69 199,030.22 212,298.90 153,326.98 185,761.54 212,298.90 283,065.20 2,333,813.62

Champagne 402,416.60 469,486.03 549,969.35 603,624.90 603,624.90 670,694.33 603,624.90 643,866.56 465,014.74 563,383.24 643,866.56 858,488.75 7,078,060.87

Wine Australia 109,658.52 127,934.94 149,866.65 164,487.79 164,487.79 182,764.21 164,487.79 175,453.64 126,716.52 153,521.93 175,453.64 233,938.18 1,928,771.59

Wine France '72 159,356.97 185,916.47 217,787.86 239,035.46 239,035.46 265,594.96 239,035.46 254,971.16 184,145.84 223,099.76 254,971.16 339,961.54 2,802,912.10

Wine France '55 200,805.88 234,273.53 274,434.71 301,208.83 301,208.83 334,676.47 301,208.83 321,289.41 232,042.35 281,128.24 321,289.41 428,385.88 3,531,952.37


Electricity 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 60,000.00

Water supply 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 12,000.00







Total Expenses 2,035,860.93 2,267,478.98 2,546,810.24 2,730,715.10 2,723,767.18 2,955,385.24 2,709,871.35 2,846,063.02 2,202,939.17 2,545,888.02 2,825,219.27 3,581,682.47 31,971,680.98


Taxes 85,885.22 132,507.05 188,036.38 225,750.72 227,835.09 274,456.92 232,003.84 260,810.69 144,128.51 211,534.49 267,063.81 411,668.05 2,661,680.77

Net Income 200,398.85 309,183.12 438,751.54 526,751.67 531,615.21 640,399.49 541,342.29 608,558.28 336,299.86 493,580.48 623,148.90 960,558.79 6,210,588.47

Dividend 20,039.88 30,918.31 43,875.15 52,675.17 53,161.52 64,039.95 54,134.23 60,855.83 33,629.99 49,358.05 62,314.89 96,055.88 621,058.85


P a g e | 101



Chapter 9

Conclusion

This project is possible because the Sky-raspado earns revenue more than

expenses and the net income is able to pay debt and the remaining becomes

dividend for the investors as he/she required.

Besides, the firm managed to cover all the debt within five years as planned. In

addition, the firm has its strength to compete with both direct and indirectcompetitors and able to use pull strategy to motivate the demand. In concluding,

this project is feasible and can be use in actual time.

P a g e | 102



Members

1 5131205094 Miss.Junthawawnkorn Noi-inta

2 5131203035 Mr.Panupong Jomharn

3 5131203047 Mr.VItad Jitsakorn

4 5131203153 Mr.Suwatchai Bualert

5 5131203191 Mr.Anucha Putippayawongya

6 5131205069 Miss.Pitchanee Sanpachanyasatit

7 5131205118 Miss.Natthaporn Khamyod

8 5131205204 Miss.Apatcharin Pimraksa

Project feasibility and evaluation

Sectiom 1

Group VIP 3 (อิอิ

)

P a g e | 103



References

http://bangkok.onlineinfonetwork.com/th/index.php/travel-news-a-articles.htmlhttp://www.marketingoops.com/reports/behaviors/eat-out-behavior/

http://fic.nfi.or.th/th/foodinsight/view.asp?ItemID=64

http://www.smebank.co.th/detail_pr.php?news_id=294 http://www.manager.co.th/daily/viewnews.aspx?NewsID=9550000010027

http://www.thaismefranchise.com/?p=9079

http://service.nso.go.th/nso/nsopublish/service/survey/rep_older50.pdf

http:// 203.155.220.118/info/NowBMA/frame.asp

http://www.thairestaurantbusinessplan.com/ (GRR)

http://www.ddproperty.com

http:/ /www.nso.go.th

http://www.ddproperty.com/

http://www.nso.go.th/

http://www.abacpoll.au.edu/flash/2552/hotpoll080452_g.swf

http://www.nso.go.th/

http://www.ddproperty.com/



P a g e | 105



The Industry

Restaurant industry sales are expected to reach a record $604 billion and post

P a g e | 106



investment, and federal government spending. Severe economic downturns

often sow the seeds of robust recoveries. During a slump in economic activity,

consumers defer purchases, especially for housing and durable goods, and

businesses postpone capital spending and try to cut inventories. Once demand in

the economy picks up, the disparity between the desired and actual stocks of

capital assets and consumer durable goods widens quickly, and spending by

consumers and businesses can accelerate rapidly. Although the CBO expects

that the current recovery will be spurred by that dynamic, in all likelihood, the

recovery will also be dampened by a number of factors. Those factors include

slow wage and employment growth, high unemployment as well as a continued

sluggish housing market.Current expectations by the CBO are for GDP growthof 3.1% in 2011 falling off to 2.8 percent in 2012. This current forecast reflects

the CBO’s expectation of continued strong growth in business investment,

improvements in residential investment, net exports, and modest increases in

consumer spending

P a g e | 107



Source: Congressional Budget Office Economic Projections and revisions.

The continued rebound in GDP will also affect real disposable income growth.

Real DPI increased 1.4 percent in 2010, compared with an increase of 0.6

percent in 2009. Even though economic activity began to increase again during

P a g e | 108



inflation, and a favorite of the Federal Reserve, is the personal consumption

expenditures (PCE) index. This measure of consumer inflation rose at a 1.8%

annual rate during the fourth quarter of 2010, reflecting the recent rise in food

and gasoline prices. The core PCE, which excludes food and energy costs, rose

at only a 0.4% annual rate, the smallest rise on record. Such a modest increase

gives the Federal Reserve more ―cover‖ to maintain its key interest rate at

essentially zero for most, if not all, of 2011. With less uncertainty by businesses

and investors as to tax policy this year and next and with rising expectations that

split government in Washington will slow the explosion in government

spending the economy looks poised for sustained growth as businesses and

investors get back to the business of growing and expanding the bottom line.

For operators just getting started this may be the best time within the business

cycle to plan and open your new facility understanding that with interest rates

still at all time low levels and marginal operators going out of business you will

P a g e | 109



Restaurant survives or thrives in the face of increased competition. The most

important benefit of a business plan is that it sets the stage for the future of your

Restaurant as you want it to be positioned in the marketplace. A business plan

will make it easy for your banker to take action as he/she gains insight into the

details of your restaurant and the goals that you have outlined. Potential

investors can review your plan and decide whether or not to make an investment

based upon the risk. You will benefit most as you study and gain detailed

insight into your own operations. Updating and constantly reviewing your plan

will give you more insight as both a manager and decision maker.

TIME IS MONEY...We have estimated that it takes an average of 100 hours to

research, and write a comprehensive business plan within any Industry. Creating

and compiling the five year financial plan and forecasts including 5 years of

budgets, income statements, balance sheets, cash flow analysis, and key

financial ratio analysis can take more than 20 hours of work by you or your

P a g e | 110



assumptions into the QuickPlan® five year forecasting template using your

computer's spreadsheet program. You will immediately have five years

projected month to month operating budgets, income statements, balance sheets,

cash flow analysis and key financial ratios. Once you have finished editing,

print your plan and simply insert it into the three ring binder included, indexing

it according to the pre-labeled inserts.

QuickPlan® Thai Business Plan software includes a complete 10 page

Employee Manual covering descriptions, wage policy, performance appraisals,

etc., a 25 page Operations Manual including job descriptions, and now includes

a 20 page Bar Tender/ Bar-back operations manual and par daily liquor

inventory control if you are going to serve liquor. It includes hard copy and

software for you to edit into your own. Then simply insert your copy into the

three ring binder and organize it with the pre-labeled index included. The

Complete plan consists of a hard copy and software files of the following;

P a g e | 111



Consuming meals in restaurant : Example case regarding to Bangkok

consuming demand and other provinces

P a g e | 112



P a g e | 113



P a g e | 114



P a g e | 115



Documents

Sky Raspado