Worksheet for budgeting 2010

Dickson Manufacturing Company2006 Budget

Conclusion

1. Cash RequirementIs loan required?

2. Exchange RiskHow far will PNL change by 1% increase in RMB?

3. Cash Cycle control on working capital change and loan requirement?

4. Other Risk?

Dickson Manufacturing Company

General Description

- A manufacturing Company being engaged in production of product X

- The company has 7 departments* General Management* Finance* Human Resources* Production* Supply Chain* Quality Control* Product Development

- A simplified version of budget which just focus on Sales, Cost of Goods Sold, Direct Labor, Depreciation & finally the Balance Sheet

- It is only for illustration purpose, not sufficient to build up a full version of budget in a company

- Manufacturing Overhead include Production/Supply Chain/Quality/EngineeringAdministration Expenses include General Management/Finance/Human ResourcesFor simplicity, overhead is not absorbed in the material cost and there is no purchase burden(inward freight) for material

- No consideration for accruals in balance sheet

- Stock DaysToday stock is for tomorrow production/sales

- DebtorsToday accournt receivables is sales incurred this month and the previous one

- CreditorsToday accournt payables is purchase incurred this month and the previous one

Goto Assumptions

Goto Stock Day Illustration

A simplified version of budget which just focus on Sales, Cost of Goods Sold, Direct Labor, Depreciation & finally the Balance Sheet

It is only for illustration purpose, not sufficient to build up a full version of budget in a company

For simplicity, overhead is not absorbed in the material cost and there is no purchase burden(inward freight) for material

Goto Assumptions


Assumptions: Price Qty Jan-06 Feb-06 Mar-061. product group sales 17.80 2,751,000 204,000 82,000 184,000

2. BOMParts Usage Cost Cur Ex Rate U.Cost

i Mechanism 1 8.11 USD 8.11 1.00 ii Plastic 2 2.00 RMB 1.00 2.00 iii Packing 2 1.30 RMB 1.00 1.30

--------------- 11.41

3. Production CapacityWorking Hours/day 8 Output/hour/line 150 Output/day 1,200 Working Day 248 21 15 23 Working Hours Needed 1,360 547 1,227 Lines required 9 5 7

Workers/Line 42 Line Leader 1 A. Leader 2 Material Feeder 4 Workers 35 Backup Workers 3

Existing Line 7 7 7 7 Hours thereon 1,176 840 1,288 Total OT Hours 184 - - OT Hours/Line 26 - -

Production line increment - - - Cost 800,000

Inspectors/Line 4

4. % in Salary Adj. 6%

5. Upper Limit of Income for Medical InsuranceMedical 5,640

6. nemployment Income LowerLimit 1,128 UpperLimit 1,880

Procreated 1,880 MidWages 780

7. Tax - 5% - 0-500 501 10% 25 500-2000 2,001 15% 125 2000-5000 5,001 20% 375 5000-20000 20,001 25% 1,375 20000-40000 40,001 30% 3,375 40000-60000 60,001 35% 6,375 60000-80000 80,001 40% 10,375 80000-100000 100,001 45% 15,375 >100000

8. Tax Allowance LocalPersonal 1,200 ExpatPersonal 4,000

9. Balance Sheet AssumptionsStock Day Material mechanism 45

plastic 20

packing 10

WIP 7

Finished Goods 3

Debtors Day 30

Creditors Day 55

Apr-06 May-06 Jun-06 Jul-06 Aug-06 Sep-06 Oct-06 Nov-06 Dec-06 198,000 159,000 180,000 230,000 300,000 348,000 329,000 279,000 258,000

20 20 22 21 23 21 19 22 21 1,320 1,060 1,200 1,533 2,000 2,320 2,193 1,860 1,720 9 7 7 10 11 14 15 11 11

7 7 7 10 10 10 10 10 10 1,120 1,120 1,232 1,680 1,840 1,680 1,520 1,760 1,680 200 - - - 160 640 673 100 40 29 - - - 16 64 67 10 4

- - - 3 - - - - -

Goto Headcount

Stock Days 45 daysDec-03 Jan-04 Feb-04 Mar-04 Apr-04 May-04 Jun-04

Cost of Goods Sold 4,750 3,253 2,540 3,548 4,500 5,000 6,150 (qty or cost)

Nov-03 Dec-03 Jan-04 Feb-04 Mar-04 Apr-04 May-04 Jun-04Inventory ### ### ### ### ### ### ### ###

Nov-03 Dec-03 Jan-04 Feb-04 Mar-04 Apr-04 May-04 Jun-04Purchase 3,000 ### ### ### ### ### ### ###

Opening + Purchase - Cost of Goods Sold = Closing=====> Purchase = Closing + Cost of Goods Sold - Opening

Creditors Day 75 daysJan-04 Feb-04 Mar-04 Apr-04 May-04 Jun-04

Accounts Payable ### ### ### ### ### ###

Debtors Day 45 days

Cash Cycle Stock Days Debtors Days

CashCreditors Days Days

Jul-04 Aug-04 Sep-04 5,500 4,700 6,700

Dec-03Stock Value 8,500 Stock Days #NAME? days

Jan-04 Feb-04 Mar-04 Apr-04Cost of Goods Sold 3,253 1,540 3,548 4,500

Stock Value 8,500

Cost of Goods Sold Days Jan-04 3,253 30

------------- 5,247

Feb-04 1,540 30 ------------- 3,707

Mar-04 3,548 30 ------------- 159

Apr-04 4,500 1 ------------- ------------- - 91

Go Back to Assumptions

Dickson Manufacturing Company2006 BudgetHeadcount

Expenses per 1 staff Pension

Overtime Company Personal

Dept/Position Hours Pay 10% 8%

ManagementGeneral Mgr 75,000 79,500 - 79,500 3,975 Assistant to GM 7,500 7,950 - 7,950 564 451

FinanceFinancial Controller 55,000 58,300 - 58,300 2,000 Finance Manager 15,000 15,900 - 15,900 564 451 Cost Accountant 9,000 9,540 15 1,283 10,823 564 451 A. Accountant 5,000 5,300 15 713 6,013 530 424

Human ResourcesHR Manager 16,000 16,960 - 16,960 564 451 HR Supervisor 8,000 8,480 - 8,480 564 451 HR Assistant 2,800 2,968 15 399 3,367 297 237 HR Assistant 5,000 5,300 15 713 6,013 530 424 Receptionist 1,500 1,590 15 214 1,804 159 127

Supply ChainSC Manager 25,000 26,500 - 26,500 564 451

Sourcing Manager 16,500 17,490 - 17,490 564 451 Sourcing Engineer 6,000 6,360 15 855 7,215 564 451 Sourcing Assistant 2,000 2,120 15 285 2,405 212 170 Vendor Admin 1,900 2,014 15 271 2,285 201 161

Vendor Manager 22,000 23,320 - 23,320 564 451 Engineer 5,500 5,830 15 784 6,614 564 451

Planning Manager 16,500 17,490 - 17,490 564 451

Distribution Manager 12,000 12,720 - 12,720 564 451 Supervisor 6,000 6,360 20 1,140 7,500 564 451 Workers 580 615 20 110 725 78 62

2005 Salary

Basic Salary

Total Gross

Goto PNL

Production 40,000 42,400 - 42,400 564 451

Assistant Prod. Mgr 18,000 19,080 - 19,080 564 451 Clerk 2,000 2,120 - 2,120 212 170 Line Leader 1,000 1,060 - 1,060 78 62

800 848 - 848 78 62 Material Feeder 580 615 - 615 78 62

580 615 - 615 78 62 Back up worker 580 615 - 615 78 62

Assistant PE Mgr 17,000 18,020 - 18,020 564 451 Electronics Engineer 5,000 5,300 - 5,300 530 424 Industrial Engineering Engine 5,500 5,830 - 5,830 564 451 Mechanical Engineer 5,000 5,300 - 5,300 530 424 Fixture Technician 2,000 2,120 - 2,120 212 170 Repair Technician 2,000 2,120 - 2,120 212 170

Product DevelopmentEngineering Manager 20,000 21,200 - 21,200 564 451 Document Control Clerk 3,300 3,498 15 470 3,968 350 280 Senior Engineer 7,000 7,420 - 7,420 564 451 Engineers 4,700 4,982 15 670 5,652 498 399

Quality EngineeringQuality Manager 22,000 23,320 - 23,320 564 451 Assistant Quality Manager 9,000 9,540 - 9,540 564 451 Quality Engineer 7,000 7,420 - 7,420 564 451 Document/IQC Supervisor 4,000 4,240 - 4,240 424 339 PQC/PQA Supervisor 4,000 4,240 - 4,240 424 339 Clerk 2,000 2,120 - 2,120 212 170 Inspector 580 615 - 615 78 62

----------- 535,149

Production Manager

A. Leader

Worker

Mertanity Medical Housing Ttl Deduction

TaxCompany Company Company Company Personal Company Personal Company Personal

0.50% 0.50% 1.50% 7.50% 2% 10% 10%

2,000 5,975 75,500 (0) 28 9 28 423 113 795 795 1,848 1,359 5,391 (0)

2,000 4,000 54,300 (0) 28 9 28 423 113 1,590 1,590 2,643 2,154 12,546 (0) 28 9 28 423 113 954 954 2,007 1,518 8,105 (0) 27 9 28 398 106 530 530 1,522 1,060 3,753 (0)

28 9 28 423 113 1,696 1,696 2,749 2,260 13,500 (0) 28 9 28 423 113 848 848 1,901 1,412 5,868 (0) 15 9 28 223 59 297 297 869 594 1,573 (0) 27 9 28 398 106 530 530 1,522 1,060 3,753 (0) 8 9 24 119 32 159 159 478 318 286 (0)

28 9 28 423 113 2,650 2,650 3,703 3,214 22,086 (0)

28 9 28 423 113 1,749 1,749 2,802 2,313 13,977 (0) 28 9 28 423 113 636 636 1,689 1,200 4,815 (0) 11 9 28 159 42 212 212 631 424 781 (0) 10 9 28 151 40 201 201 602 403 682 (0)

28 9 28 423 113 2,332 2,332 3,385 2,896 19,224 (0) 28 9 28 423 113 583 583 1,636 1,147 4,267 (0)

28 9 28 423 113 1,749 1,749 2,802 2,313 13,977 (0)

28 9 28 423 113 1,272 1,272 2,325 1,836 9,684 (0) 28 9 28 423 113 636 636 1,689 1,200 5,100 (0) 4 9 17 59 16 167 78 - (0)

Industrial injury

Unemployment

Assessable Income

28 9 28 423 113 4,240 4,240 5,293 4,804 36,396 (0) 28 9 28 423 113 1,908 1,908 2,961 2,472 15,408 (0) 11 9 28 159 42 212 212 631 424 496 (0) 4 9 17 59 16 167 78 - (0) 4 9 17 59 16 167 78 - (0) 4 9 17 59 16 167 78 - (0) 4 9 17 59 16 167 78 - (0) 4 9 17 59 16 167 78 - (0)

28 9 28 423 113 1,802 1,802 2,855 2,366 14,454 (0) 27 9 28 398 106 530 530 1,522 1,060 3,040 (0) 28 9 28 423 113 583 583 1,636 1,147 3,483 (0) 27 9 28 398 106 530 530 1,522 1,060 3,040 (0) 11 9 28 159 42 212 212 631 424 496 (0) 11 9 28 159 42 212 212 631 424 496 (0)

28 9 28 423 113 2,120 2,120 3,173 2,684 17,316 (0) 17 9 28 262 70 350 350 1,017 700 2,069 (0) 28 9 28 423 113 742 742 1,795 1,306 4,914 (0) 25 9 28 374 100 498 498 1,433 996 3,455 (0)

28 9 28 423 113 2,332 2,332 3,385 2,896 19,224 (0) 28 9 28 423 113 954 954 2,007 1,518 6,822 (0) 28 9 28 423 113 742 742 1,795 1,306 4,914 (0) 21 9 28 318 85 424 424 1,225 848 2,192 (0) 21 9 28 318 85 424 424 1,225 848 2,192 (0) 11 9 28 159 42 212 212 631 424 496 (0) 4 9 17 59 16 167 78 - (0)

---------- 83,307

Double Pay/

Bonus

79,500 85,475 14,575 1 1 1 1 1 1 1 1 1 6,591 9,798 663 1 1 1 1 1 1 1 1 1

58,300 62,300 10,688 1 1 1 1 1 1 1 1 1 13,746 18,543 1,325 1 1 1 1 1 1 1 1 1 9,305 12,829 795 1 1 1 1 1 1 1 1 1 4,953 7,534 442 2 2 2 2 2 3 3 3 3

14,700 19,709 1,413 1 1 1 1 1 1 1 1 1 7,068 10,381 707 1 1 1 1 1 1 1 1 1 2,774 4,236 247 1 1 1 1 1 1 1 1 1 4,953 7,534 442 1 1 1 1 1 1 1 1 1 1,486 2,282 133 1 1 1 1 1 1 1 1 1

23,286 30,203 2,208 1 1 1 1 1 1 1 1 1

15,177 20,292 1,458 1 1 1 1 1 1 1 1 1 6,015 8,904 530 1 1 1 2 2 2 2 2 2 1,981 3,036 177 1 1 1 1 1 2 2 2 2 1,882 2,886 168 1 1 1 1 1 1 1 1 1

20,424 26,705 1,943 1 1 1 2 2 2 2 2 2 5,467 8,250 486 1 1 1 2 2 2 2 2 2

15,177 20,292 1,458 1 1 1 1 1 1 1 1 1

10,884 15,045 1,060 1 1 1 1 1 1 1 1 1 6,300 9,189 530 1 1 1 1 1 2 2 2 2 647 892 251 10 10 10 10 10 15 20 20 20

Take Home

Total Cost per HC

Jan-06

Feb-06

Mar

-06

Apr-06

May

-06

Jun-06

Jul-0

6Aug-0

6

Sep-06

Oct-06

37,596 47,693 3,533 1 1 1 1 1 1 1 1 1 16,608 22,041 1,590 1 1 1 1 1 1 1 1 1 1,696 2,751 177 1 1 1 1 1 1 2 2 2 982 1,227 288 7 7 7 7 7 7 10 10 10 770 1,015 271 14 14 14 14 14 14 20 20 20 537 782 251 28 28 28 28 28 28 40 40 40 537 782 251 245 245 245 245 245 245 350 350 350 537 782 251 21 21 21 21 21 21 30 30 30

15,654 20,875 1,502 1 1 1 1 1 1 1 1 1 4,240 6,822 442 1 1 1 1 1 1 1 1 1 4,683 7,466 486 1 1 1 1 1 1 1 1 1 4,240 6,822 442 1 1 1 1 1 2 2 2 2 1,696 2,751 177 1 1 1 1 1 2 2 2 2 1,696 2,751 177 2 2 2 2 2 3 8 8 8

18,516 24,373 1,767 1 1 1 1 1 1 1 1 1 3,269 4,985 292 1 1 1 1 1 1 1 1 1 6,114 9,215 618 1 1 1 1 1 1 1 1 1 4,656 7,084 415 3 6 6 6 6 6 6 6 6

20,424 26,705 1,943 1 1 1 1 1 1 1 1 1 8,022 11,547 795 1 1 2 2 2 2 2 2 2 6,114 9,215 618 1 1 1 1 1 1 1 1 1 3,392 5,465 353 2 2 2 2 2 2 2 2 2 3,392 5,465 353 1 1 1 2 2 2 2 2 2 1,696 2,751 177 1 1 2 2 2 2 2 2 2 537 782 251 28 28 28 28 28 28 40 40 40

----------- ------- ------- ------- ------- ------- ------- ------- ------- ------- 59,117 398 401 403 407 407 418 576 576 576

1.

2. Number of production line operators & Inspectors depends on instalment of production line

3.1 1 11 1 1 4.

5.1 1 11 1 11 1 13 3 3

1 1 11 1 11 1 11 1 11 1 1

1 1 1

1 1 12 2 22 2 21 1 1

2 2 22 2 2

1 1 1

1 1 12 2 2

20 20 20

Headcount Explanation

New Staff join in different months, not necessary being on board on Jan

The company follows labor regulation and apply for consoliated working hours, i.e. OT Pay on Saturday is 1.5 times of normal wages

The company does not pay income tax for staff, only does tax equalization for GM & Financial Controller

Production operators & inspectors are working overtime based on production needs

Sep-06

Oct-06

Nov-06

Dec-06

Goto Detail Headcount

1 1 11 1 12 2 2

10 10 1020 20 2040 40 40

350 350 35030 30 30

1 1 11 1 11 1 12 2 22 2 28 8 8

1 1 11 1 11 1 16 6 6

1 1 12 2 21 1 12 2 22 2 22 2 2

40 40 40------- ------- ------- 576 576 576

Number of production line operators & Inspectors depends on instalment of production line

ew Staff join in different months, not necessary being on board on Jan

he company follows labor regulation and apply for consoliated working hours, i.e. OT Pay on Saturday is 1.5 times of normal wages

he company does not pay income tax for staff, only does tax equalization for GM & Financial Controller

roduction operators & inspectors are working overtime based on production needs


Balance Sheet

Dec-05 Jan-06 Feb-06 Mar-06 Apr-06 May-06 Jun-06Asset

Cash & Bank 500 500 500 500 500 500 500 Stock

MaterialMechanism #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?Plastic #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?Packing #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?

WIP #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?FG #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?

Ttl Stock #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?Accounts Rec. #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?Other Rec 200 200 200 200 200 200 200

------------ ------------ ----------- ----------- ----------- ----------- -----------#NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?

Fixed AssetCost 5,600 5,600 5,600 5,600 5,600 5,600 5,600 Acc. Dep 2,240 2,333 2,427 2,520 2,613 2,707 2,800

------------ ------------ ----------- ----------- ----------- ----------- ----------- 3,360 3,267 3,173 3,080 2,987 2,893 2,800

Total Asset #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?

LiabilityAccounts Pay. #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?Other Payable 500 500 500 500 500 500 500 Loan

------------ ------------ ----------- ----------- ----------- ----------- -----------#NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?

Net Asset #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?======= ======= ====== ====== ====== ======= ======

EquityCapital 3,000 3,000 3,000 3,000 3,000 3,000 3,000 R/E B/F 1,850 2,350 2,350 2,350 2,350 2,350 2,350 Curent R/E 500 157 (429) (384) (362) (529) (601)

------------ ------------ ----------- ----------- ----------- ----------- ----------- 5,350 5,507 4,921 4,966 4,988 4,821 4,749

Goto Conclusion

======= ======= ====== ====== ====== ======= ======

Extra Cash/(Loan) #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?

Jul-06 Aug-06 Sep-06 Oct-06 Nov-06 Dec-06

500 500 500 500 500 500

Days #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? 45 #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? 20 #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? 10 #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? 7 #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? 3 #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?#NAME? #NAME? #NAME? #NAME? #NAME? #NAME? 30 200 200 200 200 200 200 ----------- ----------- ----------- ----------- ----------- -----------#NAME? #NAME? #NAME? #NAME? #NAME? #NAME?

8,000 8,000 8,000 8,000 8,000 8,000 2,933 3,067 3,200 3,333 3,467 3,600 ----------- ----------- ----------- ----------- ----------- ----------- 5,067 4,933 4,800 4,667 4,533 4,400

#NAME? #NAME? #NAME? #NAME? #NAME? #NAME?

#NAME? #NAME? #NAME? #NAME? #NAME? #NAME? 55 500 500 500 500 500 500

----------- ----------- ----------- ----------- ----------- -----------#NAME? #NAME? #NAME? #NAME? #NAME? #NAME?

#NAME? #NAME? #NAME? #NAME? #NAME? #NAME?====== ====== ====== ====== ====== ======

3,000 3,000 3,000 3,000 3,000 3,000 2,350 2,350 2,350 2,350 2,350 2,350 (544) (90) 528 1,017 1,356 1,578 ----------- ----------- ----------- ----------- ----------- ----------- 4,806 5,260 5,878 6,367 6,706 6,928

====== ====== ====== ====== ====== ======

#NAME? #NAME? #NAME? #NAME? #NAME? #NAME?

Nov-05 Dec-05 Jan-06 Feb-06 Mar-06 Apr-06 May-06 Jun-06Purchase ### #NAME? #NAME? #NAME? #NAME? #NAME? #NAME? #NAME?

Jul-06 Aug-06 Sep-06 Oct-06 Nov-06 Dec-06#NAME? #NAME? #NAME? #NAME? #NAME? #NAME?


Profit & Loss

Jan-06 Feb-06 Mar-06 Apr-06 May-06 Jun-06 Jul-06 Aug-06Sales 3,631 1,460 3,275 3,524 2,830 3,204 4,094 5,340

Cost of Goods SoldMechanism 1,654 665 1,492 1,606 1,289 1,460 1,865 2,433 Plastic 408 164 368 396 318 360 460 600 Packing 265 107 239 257 207 234 299 390

--------- --------- ---------- --------- ---------- --------- --------- ---------- 2,328 936 2,099 2,259 1,814 2,054 2,624 3,423

Stock provision 12 5 10 11 9 10 13 17 Manufacturing O/H

Supply Chain 164 164 164 211 211 229 233 233 Production 542 494 494 548 494 507 680 723 Product Development 64 86 86 86 86 86 86 86 Quality 99 95 110 121 116 116 126 129

--------- --------- ---------- --------- ---------- --------- --------- ---------- Total COS: 3,208 1,779 2,964 3,236 2,730 3,002 3,763 4,612

Gross Profit 423 (320) 311 288 100 202 331 728

Admin. ExpensesGM 103 103 103 103 103 103 103 103 Finance 117 117 117 117 117 125 125 125 HR 47 47 47 47 47 47 47 47

--------- --------- ---------- --------- ---------- --------- --------- ---------- 266 266 266 266 266 274 274 274

Net Income 157 (586) 45 22 (166) (72) 57 454 ===== ===== ====== ===== ====== ===== ===== =====

Goto Balance Sheet

Mechanism 1,654 665 1,492 1,606 1,289 1,460 1,865 2,433 Plastic 408 164 368 396 318 360 460 600 Packing 265 107 239 257 207 234 299 390

--------- --------- ---------- --------- ---------- --------- --------- ---------- 2,328 936 2,099 2,259 1,814 2,054 2,624 3,423

Sep-06 Oct-06 Nov-06 Dec-06 Total 6,194 5,856 4,966 4,592 48,968

2,822 2,668 2,263 2,092 22,311 696 658 558 516 5,502 452 428 363 335 3,576 --------- --------- ---------- ---------- ----------- 3,971 3,754 3,183 2,944 31,389 20 19 16 15 157

233 233 233 233 2,544 851 859 707 691 7,588 86 86 86 86 1,012 141 142 128 127 1,448 --------- --------- ---------- ---------- ----------- 5,302 5,093 4,354 4,095 44,139

892 763 612 497 4,829

103 103 103 103 1,231 125 125 125 125 1,455 47 47 47 47 565 --------- --------- ---------- ---------- ----------- 274 274 274 274 3,251

618 489 338 223 1,578 ===== ===== ====== ===== ======

2,822 2,668 2,263 2,092 1,903 765 696 658 558 516 469 189 452 428 363 335 305 123 --------- --------- ---------- ---------- ----------- ------- 3,971 3,754 3,183 2,944 2,677 ###

Cashflow Cur: HKD'000 Jan-08 Feb-08 Mar-08 Apr-08 May-08 Jun-08 Jul-08 Aug-08 Sep-08 Oct-08

Net Income 157 (258) 45 22 166 72 57 454 618 489 Add:

Depreciation 117 117 117 117 117 125 125 125 125 125

Change of WCA/R (545) 2,172 (1,816) (249) 694 (374) (890) (1,246) (854) 338 Inventory 1,274 (632) 10 474 (605) (1,160) (1,339) (622) 574 880 A/P (803) (1,233) 784 (702) 380 1,323 1,412 706 (580) (1,063)Others

-------- --------- --------- -------- --------- --------- --------- --------- -------- --------- (73) 307 (1,022) (478) 469 (211) (817) (1,162) (860) 155

Capex - - - - (200) - (1,200) - - -

Cash (Surplus)/Loan Required (50) (165) 861 339 (552) 15 1,836 583 118 (769)-------- --------- --------- -------- --------- --------- --------- --------- -------- --------- 150 - - - - - - - - -

Bginning Cash Balance 150 300 300 300 300 300 300 300 300 300 Net Cashflow 150 - - - - - - - - -

Ending Cash Balance 300 300 300 300 300 300 300 300 300 300 ===== ===== ===== ===== ===== ===== ===== ===== ===== =====

Cur: HKD'000 Nov-08 Dec-08 338 223

125 125

890 374 453 1,156 (579) (1,062)

--------- --------- 764 468

- -

(1,227) (815)--------- --------- - -

300 300 - - 300 300 ===== =====


Dept: General Management

Jan-06 Feb-06 Mar-06 Apr-06 May-06 Jun-06 Jul-06 Aug-06People Expenses

Salary 87 87 87 87 87 87 87 87 OT - - - - - - - - Double Pay/Bonus 7 7 7 7 7 7 7 7 Social Insurance 8 8 8 8 8 8 8 8 IIT 0 0 0 0 0 0 0 0 DormitoryMealMgt Fees

OthersFacility

Depreciation

--------- --------- ---------- --------- ---------- --------- -------- ---------- 103 103 103 103 103 103 103 103

Training

Sep-06 Oct-06 Nov-06 Dec-06 Total

87 87 87 87 1,049 - - - - - 7 7 7 7 87

8 8 8 8 94 0 0 0 0 (0)

--------- --------- ---------- ---------- --------- 103 103 103 103 1,231


Dept: Finance


Salary 94 94 94 94 94 100 100 100 OT 3 3 3 3 3 3 3 3 Double Pay/Bonus 8 8 8 8 8 8 8 8 Social Insurance 12 12 12 12 12 13 13 13 IIT 0 0 0 0 0 0 0 0 DormitoryMealMgt Fees

OthersFacility

Depreciation

--------- --------- ---------- --------- ---------- --------- -------- ---------- 117 117 117 117 117 125 125 125

Training


100 100 100 100 1,169 3 3 3 3 37 8 8 8 8 97

13 13 13 13 151 0 0 0 0 (0)

--------- --------- ---------- ---------- --------- 125 125 125 125 1,455


Dept: Human Resources


Salary 35 35 35 35 35 35 35 35 OT 1 1 1 1 1 1 1 1 Double Pay/Bonus 3 3 3 3 3 3 3 3 Social Insurance 8 8 8 8 8 8 8 8 IITDormitoryMealMgt Fees

OthersFacility

Depreciation

--------- --------- ---------- --------- ---------- --------- -------- ---------- 47 47 47 47 47 47 47 47

Training


35 35 35 35 424 1 1 1 1 16 3 3 3 3 35

8 8 8 8 90 -

--------- --------- ---------- ---------- --------- 47 47 47 47 565


Dept: Supply Chain



OthersFacility

Depreciation

--------- --------- ---------- --------- ---------- --------- -------- ---------- 164 164 164 211 211 229 233 233

Training


176 176 176 176 1,935 9 9 9 9 85 15 15 15 15 161

34 34 34 34 363 -

--------- --------- ---------- ---------- --------- 233 233 233 233 2,544


Dept: Production

Jan-06 Feb-06 Mar-06 Apr-06 May-06 Jun-06 Jul-06People Expenses

Salary 304 304 304 304 304 314 412 OT 48 - - 54 - - - Double Pay/Bonus 25 25 25 25 25 26 34 Social Insurance 71 71 71 71 71 74 100 IITDormitoryMealMgt Fees

OthersFacility

Depreciation 93 93 93 93 93 93 133

----------- --------- ---------- --------- ---------- --------- -------- 542 494 494 548 494 507 680

OT Calculation

Assistant Prod. MgrClerk 7 - - 7 - - - Line Leader 26 - - 29 - - -

26 - - 29 - - - Material Feeder 26 - - 29 - - -

26 - - 29 - - - Back up worker 26 - - 29 - - -

Assistant PE Mgr - - - - - - - Electronics Engineer 7 - - 7 - - - Industrial Engineering Engine 7 - - 7 - - - Mechanical Engineer 7 - - 7 - - - Fixture Technician 7 - - 7 - - -

Training

Production Manager

A. Leader

Worker

Repair Technician 7 - - 7 - - -

Aug-06 Sep-06 Oct-06 Nov-06 Dec-06 Total

412 412 412 412 412 4,311 43 171 179 27 11 531 34 34 34 34 34 359

100 100 100 100 100 1,027 -

133 133 133 133 133 1,360

---------- --------- --------- ---------- ---------- --------- 723 851 859 707 691 7,588

Hourly Rate

4 16 17 3 1 19 16 64 67 10 4 10 16 64 67 10 4 8 16 64 67 10 4 6 16 64 67 10 4 6 16 64 67 10 4 6

- - - - - 4 16 17 3 1 48 4 16 17 3 1 52 4 16 17 3 1 48 4 16 17 3 1 19

4 16 17 3 1 19


Dept: Product Development



OthersFacility

Depreciation

--------- --------- ---------- --------- ---------- --------- -------- ---------- 64 86 86 86 86 86 86 86

Training


62 62 62 62 729 4 4 4 4 52 5 5 5 5 61

15 15 15 15 171 -

--------- --------- ---------- ---------- --------- 86 86 86 86 1,012


Dept: Quality

Jan-06 Feb-06 Mar-06 Apr-06 May-06 Jun-06 Jul-06People Expenses

Salary 72 72 84 88 88 88 96 OT 4 - - 5 - - - Double Pay/Bonus 6 6 7 7 7 7 8 Social Insurance 16 16 19 20 20 20 22 IITDormitoryMealMgt Fees

OthersFacility

Depreciation

--------- --------- ---------- --------- ---------- --------- -------- 99 95 110 121 116 116 126

OT CalculationQuality ManagerAssistant Quality ManagerQuality EngineerDocument/IQC SupervisorPQC/PQA Supervisor 5 - - 6 - - - Clerk 5 - - 6 - - - Inspector 26 - - 29 - - -

Training

Aug-06 Sep-06 Oct-06 Nov-06 Dec-06 Total

96 96 96 96 96 1,067 4 16 16 2 1 49 8 8 8 8 8 89

22 22 22 22 22 243 -

---------- --------- --------- ---------- ---------- --------- 129 141 142 128 127 1,448

3 13 13 2 1 43 38 3 13 13 2 1 43 19 16 64 67 10 4 216 6

Date post:	16-Apr-2017
Category:	Documents
Upload:	dick-lam
View:	543 times
Download:	1 times

Worksheet for budgeting 2010

Documents