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Mett International Pty LTD Financial Forecast 3 Year Summary

1. The document provides a 3 year financial forecast for METT International Pty Ltd, an advertising technology company, showing increasing revenue, profits, and units deployed each year. 2. In year 1, METT forecasts $1.4 million in revenue, a net loss of $829,889, and deploying 1,000 units. It expects to achieve profitability in years 2 and 3 as revenue grows to over $30 million and $189 million respectively, due to greater unit deployment. 3. The forecast breaks down revenue sources, costs, profits, cash flows, and balance sheet items annually to demonstrate METT's path to profitability through growing its base of deployed hardware units and scaling its

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132 views134 pages

Mett International Pty LTD Financial Forecast 3 Year Summary

1. The document provides a 3 year financial forecast for METT International Pty Ltd, an advertising technology company, showing increasing revenue, profits, and units deployed each year. 2. In year 1, METT forecasts $1.4 million in revenue, a net loss of $829,889, and deploying 1,000 units. It expects to achieve profitability in years 2 and 3 as revenue grows to over $30 million and $189 million respectively, due to greater unit deployment. 3. The forecast breaks down revenue sources, costs, profits, cash flows, and balance sheet items annually to demonstrate METT's path to profitability through growing its base of deployed hardware units and scaling its

Uploaded by

Jamilex
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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METT INTERNATIONAL PTY LTD

Financial Forecast
3 Year Summary

YR1 YR2 YR3


$USD $USD $USD
Advertising Revenue 1,419,120 30,316,751 189,615,080

Based on:
Units deployed at end of year 1,000 56,694 150,901
TOTAL REVENUE 1,419,120 30,316,751 189,615,080

DIRECT COSTS

- Ad Agency Commission Costs 425,736 30.0% 8,337,107 27.5% 47,403,770 25.0%


- CMS Licensing Fees 54,000 3.8% 835,409 2.8% 5,541,617 2.9%
- Platform Support (Creative Realities) 49,669 3.5% 1,098,982 3.6% 7,110,565 3.8%
- Property Roll out / Deployment Costs 70,956 5.0% 1,515,838 5.0% 9,480,754 5.0%
- Other Marketing Costs 42,574 3.0% 909,503 3.0% 5,688,452 3.0%
- Freight / Logistics Costs 85,147 6.0% 1,819,005 6.0% 11,376,905 6.0%
- Warranty Costs (Churn) 21,287 1.5% 454,751 1.5% 2,844,226 1.5%
- Device Support Costs 28,382 2.0% 606,335 2.0% 3,792,302 2.0%

Total Direct Costs 777,751 15,576,929 93,238,592


Contribution Margin 641,369 14,739,822 96,376,488
Contribution Margin % 45.2% 48.6% 50.8%
Other Expenses
Venue Revenue Share 41,943 3.0% 4,176,132 13.8% 27,020,149 14.3%
Employment Expenses 1,242,589 87.6% 3,747,127 12.4% 5,106,549 2.7%
Operating Expenses 183,630 12.9% 2,559,340 8.4% 15,449,206 8.1%
Amortisation & Depreciation 3,096 0.2% 786,868 2.6% 5,857,365 3.1%
Total Expenses 1,471,258 11,269,467 53,433,269

Net Profit (829,889) 3,470,355 42,943,219


Net Profit % of Sales (58.5%) 11.4% 22.6%
Net Profit after Tax (829,889) 2,741,581 33,925,143
Net Profit after Tax % (58.5%) 9.0% 17.9%
EBITDA (826,793) 4,257,223 48,800,584
EBITDA % of Sales (58.3%) 14.0% 25.7%

Cash at Bank (1,281,834) (17,706,625) (12,706,393)


Accounts Receivable 315,360 15,324,850 45,724,211
Inventory (METT Hardware) - WDV - 11,762,136 27,097,391
Other Fixed Assets - WDV 11,904 24,074 64,491
Intangible Assets / R&D - WDV 280,000 253,248 229,053
Total Assets (674,570) 9,657,683 60,408,753

Accounts Payable / Trade Creditors 155,319 6,770,327 18,842,944


Provision for Company Tax - 975,665 5,748,557
External Finance - - -
Total Liabilities 155,319 7,745,992 24,591,501

Net Assets (829,889) 1,911,691 35,817,252

Retained Earnings (829,889) 1,911,691 35,836,834


Share Capital - - -
Total Equity (829,889) 1,911,691 35,836,834

*Please note that the model assumes federal income tax at 21% but no allowance for state taxes (Sales Tax)
METT
Revenue Assumptions

Ad Duration Seconds 15
Ads Per Min 4
Ads Per Hour 240 (A)

Average Audience Per Hour (People) 4.0 (B)


Total Ads 960 (C) (A) x (B)
Ad Sales Utilisation 15.0% (D)

Impressions Per Hour 144 (E) (C) x (D)


Average Hours Unit Operates Per Day 8 (F)
Impressions Per Day 1,152 (G) (E) x (F)

Cost Per Thousand Impressions (CPM) $ 4.50 (H)


Revenue Per Day $ 5.18 (I) ((G) x (H)) / 1000
Revenue Per Month $ 157.68 (J) (I) x 365 / 12

Advertising Commission (30%) $ 47.30 (K) (J) x 30%


Venue Revenue Share (20%) $ 22.08 (L) (J-K) x 20%
CMS (5%) $ 7.88 (M) (J) x 5%
Net Revenue Per Month Per Unit $ 80.42 (N) (J) - (K) - (L) - (M)

input items
Notes:-
* Revenue "Ramp Up" effect (discounted value)
- Months 1 & 2 60%
- Months 3 & 4 40%
- Months 5 & 6 20%
- Beyond 6 months 0%
METT INTERNATIONAL PTY LTD
Funds Statement YR1 YR2 YR3 TOTAL

Net Profit (Loss) (829,889) 2,741,581 33,925,143 35,836,834


Add Back Depreciation / Amortisation 3,096 786,868 5,857,365 6,647,328
Cash flow from Operating activities (826,793) 3,528,448 39,782,508 42,484,163

Source of Funds
(Increase) / Decrease in assets
- Debtors (315,360) (15,009,490) (30,399,360) (45,724,211)
- Bank Account 1,281,834 16,424,792 (5,000,233) 12,706,393
- Inventory - (12,514,422) (21,168,424) (33,682,846)
- R&D (Tooling / Certifications) (280,000) 0 0 (280,000)
- Office Furniture & Equipment (15,000) (20,000) (60,000) (95,000)

Application of Funds
Increase/ (Decrease) in Liabiities
- Accounts payable (creditors) 155,319 6,615,008 12,072,617 18,842,944
- IRS Provision for Tax - 975,665 4,772,892 5,748,557

variance (0) (0) - (0)


METT YR1 Net Profit (829,889)
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12 Total
Advertising Revenue
Total Sales - - - 157,680 157,680 157,680 157,680 157,680 157,680 157,680 157,680 157,680 1,419,120
###

Direct Costs
Creditors
Agency Commission Costs Creditors - - - 47,304 47,304 47,304 47,304 47,304 47,304 47,304 47,304 47,304 425,736
CMS Licencing Fees Creditors - - - 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 54,000
Creative Realities Creditors - - - 5,519 5,519 5,519 5,519 5,519 5,519 5,519 5,519 5,519 49,669
Property Roll out / Deployment Costs Creditors - - - 7,884 7,884 7,884 7,884 7,884 7,884 7,884 7,884 7,884 70,956
Other Marketing Costs Creditors - - - 4,730 4,730 4,730 4,730 4,730 4,730 4,730 4,730 4,730 42,574
Freight Costs Creditors - - - 9,461 9,461 9,461 9,461 9,461 9,461 9,461 9,461 9,461 85,147
Warranty Costs Creditors - - - 2,365 2,365 2,365 2,365 2,365 2,365 2,365 2,365 2,365 21,287
Device Support Costs Creditors - - - 3,154 3,154 3,154 3,154 3,154 3,154 3,154 3,154 3,154 28,382

Total Direct Costs - - - 86,417 86,417 86,417 86,417 86,417 86,417 86,417 86,417 86,417 777,751
###
###
Contribution Margin $ - - - 71,263 71,263 71,263 71,263 71,263 71,263 71,263 71,263 71,263 641,369

Other Expenses
Venue Revenue share Cash - - - - - - - - - - 20,971 20,971 41,943

Total Other Expenses - - - - - - - - - - 20,971 20,971 41,943

###
Employment Expenses ###
Salaries & Wages Cash 73,090 73,090 78,090 78,090 78,090 90,243 90,243 90,243 102,396 102,396 102,396 102,396 1,060,766
Allowances Cash - - - - - - - - - - - - -
Bonus/Commissions Cash - - - - - - - - - - - - -
Staff Expenses & Travel Cash 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 30,000
Burden Costs Cash 10,964 10,964 11,714 11,714 11,714 13,536 13,536 13,536 13,536 13,536 13,536 13,536 151,823
Total Employment Expenses 86,554 86,554 92,304 92,304 92,304 106,280 106,280 106,280 118,433 118,433 118,433 118,433 1,242,589
###
Operating & Overhead Expenses ###
Accountancy Creditors - - 5,000 - - 5,000 - - 5,000 - - 5,000 20,000
Amortisation - - - - - - - - - - - - -
Bank Fees & Charges 100 - - - - - - - - - - - 100
Depreciation - 167 161 156 151 312 302 292 282 439 425 410 3,096
Insurance Creditors 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 24,000
Interest - - - - - - - - - - - - -
Legal Fees Creditors - - 5,000 - - 5,000 - - 5,000 - - 5,000 20,000
Rent Cash - - - - - - - - - - - - -
SG&A Costs Creditors - - - 12,614 12,614 12,614 12,614 12,614 12,614 12,614 12,614 12,614 113,530
Telephone & Internet Creditors - - - - - - - - - - - - -
Total Operating & Overhead Expenses 2,600 2,667 12,661 15,270 15,265 25,427 15,416 15,406 25,396 15,554 15,539 25,525 186,726
###
Total Expenses 89,154 89,221 104,965 107,574 107,569 131,706 121,696 121,686 143,829 133,986 154,943 164,929 1,471,258
###
Net Profit (89,154) (89,221) (104,965) (36,311) (36,306) (60,443) (50,433) (50,423) (72,566) (62,723) (83,680) (93,666) (829,889)
Net Profit as % of Sales - - - (23.0%) (23.0%) (38.3%) (32.0%) (32.0%) (46.0%) (39.8%) (53.1%) (59.4%) (58.5%)
###

EBITDA (89,154) (89,054) (104,804) (36,155) (36,155) (60,131) (50,131) (50,131) (72,284) (62,284) (83,255) (93,255) (826,793)
EBITDA as % of Sales - - - (22.9%) (22.9%) (38.1%) (31.8%) (31.8%) (45.8%) (39.5%) (52.8%) (59.1%) (58.3%)
EBIT (89,154) (89,221) (104,965) (36,311) (36,306) (60,443) (50,433) (50,423) (72,566) (62,723) (83,680) (93,666) (829,889)
EBIT as % of Sales - - - (23.0%) (23.0%) (38.3%) (32.0%) (32.0%) (46.0%) (39.8%) (53.1%) (59.4%) (58.5%)
METT YR1 Net Profit (829,889)
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12 Total

Balance Sheet

Current Assets

Cash at Bank
Opening Balance - (114,654) (235,958) (358,537) (488,273) (682,479) (757,321) (839,965) (919,450) (1,010,140) (1,112,546) (1,197,938)

Cash Receipts
Debtor Receipts - - - - - 157,680 157,680 157,680 157,680 157,680 157,680 157,680

External Finance Inflows - - - - - - - - - - - -

Shareholder Capital - - - - - - - - - - - -

Shareholder Loan Receipts

Cash Payments
Creditor Payments - (1,750) (2,275) (9,433) (73,902) (93,242) (106,045) (102,885) (101,937) (108,653) (103,668) (102,172)
Cash Payments - - - - - - - - - - - -

Cash Payments (100) - - - - - - - - - - -

Venue share Cash Payments - - - - - - - - - (20,971) (20,971)


Inventory Stock Purchases - - - - - - - - - - - -

Salaries & Wages (86,554) (86,554) (92,304) (92,304) (92,304) (106,280) (106,280) (106,280) (118,433) (118,433) (118,433) (118,433)

NRE / Certification Costs / Tooling NRE/Tooling Costs (28,000) (28,000) (28,000) (28,000) (28,000) (28,000) (28,000) (28,000) (28,000) (28,000) - -
Investment in Plant & Equipment - (5,000) - - - (5,000) - - - (5,000) - -
Investment in Patents & Trademarks - - - - - - - - - - - -
Tax Payments to IRS - - - - - - - - - - - -
Finance Repayments - - - - - - - - - - - -

Closing Balance (114,654) (235,958) (358,537) (488,273) (682,479) (757,321) (839,965) (919,450) (1,010,140) (1,112,546) (1,197,938) (1,281,834)

Net Cash Flow (114,654) (121,304) (122,579) (129,736) (194,206) (74,842) (82,644) (79,485) (90,690) (102,406) (85,392) (83,896)
Payback Cash (Retain 75% WC) 75% - - - - - - - - - - - - -
Updated Cash at Bank (114,654) (235,958) (358,537) (488,273) (682,479) (757,321) (839,965) (919,450) (1,010,140) (1,112,546) (1,197,938) (1,281,834) -
- - - - - - - - - - - - -
Accounts Receivable
Opening Balance - - - - - 157,680 315,360 315,360 315,360 315,360 315,360 315,360 315,360

Sales - - - 157,680 157,680 157,680 157,680 157,680 157,680 157,680 157,680 157,680
Collections Collect 100% 60 Days - - - (157,680) (157,680) (157,680) (157,680) (157,680) (157,680) (157,680)

Closing Balance - - - 157,680 315,360 315,360 315,360 315,360 315,360 315,360 315,360 315,360

Inventory
Opening Balance - - - - - - - - - - - - -

METT Value per unit Purchases 224.70 - - - - - - - - - - - -


Depreciation - PC Rate 33.33% pa (36 months) - - - - - - - - - - - -
Stock Loss - - - - - - - - - - - -

Closing Balance - - - - - - - - - - - -

Opening Stock Units - - - - - - - - - - - - -

Purchases - - - - - - - -

Closing Stock Units - - - - - - - - - - - -

MOQ METT
METT YR1 Net Profit (829,889)
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12 Total
Lead Time
Min Stock Level METT

Upfront Cost Per Unit 224.70

Prepaid Expenses General


Opening Balance - - - - - - - - - - - - -

Annual Expenses

Prepayments Expensed

Closing Balance - - - - - - - - - - - -

Bonds & Security Deposits Available


Opening Balance Balance - - - - - - - - - - - - -

Cash Receipts
Interest Received
New Bonds/Security Deposits

Cash Payments
Cash Out on Maturity
Purchases
Interest Paid 7.10%

Closing Balance - - - - - - - - - - - -

Other Current Assets


Opening Balance - - - - - - - - - - - - -

Movements

Closing Balance - - - - - - - - - - - -

Non-Current Assets

Land & Buildings


Opening Balance OWDV - - - - - - - - - - - - -

Purchases Cash
Creditors
Financed
Sub-Total - - - - - - - - - - - -

Land Freehold (No Depn) - - - - - - - - - - - - -


Sub-Total (Available for Depn) - - - - - - - - - - - -
Depreciation 2.5% - - - - - - - - - - - - -

Closing Balance - - - - - - - - - - - -

GST Cash GST


Creditors GST
Financed GST

Leasehold Improvements
Opening Balance OWDV - - - - - - - - - - - - -
METT YR1 Net Profit (829,889)
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12 Total
Purchases Cash
Creditors
Financed
Sub-Total - - - - - - - - - - - -
Depreciation 2.5% - - - - - - - - - - - - -

Closing Balance - - - - - - - - - - - -

GST Cash GST


Creditors GST
Financed GST

Office & Computer Equipment


Opening Balance OWDV - - - 4,833 4,672 4,516 4,366 9,054 8,752 8,460 8,178 12,739 12,314

Purchases Cash 5,000 5,000 5,000


Creditors - -
Financed
Sub-Total - 5,000 4,833 4,672 4,516 9,366 9,054 8,752 8,460 13,178 12,739 12,314
Depreciation 40.0% - (167) (161) (156) (151) (312) (302) (292) (282) (439) (425) (410) (3,096)

Closing Balance - 4,833 4,672 4,516 4,366 9,054 8,752 8,460 8,178 12,739 12,314 11,904

GST Cash GST


Creditors GST
Financed GST

Fixtures & Fittings


Opening Balance OWDV - - - - - - - - - - - - -

Purchases Cash
Creditors
Financed
Sub-Total - - - - - - - - - - - -
Depreciation 20.0% - - - - - - - - - - - - -

Closing Balance - - - - - - - - - - - -

GST Cash GST


Creditors GST
Financed GST

Motor Vehicles
Opening Balance OWDV - - - - - - - - - - - - -

Purchases Cash
Creditors
Financed
Sub-Total - - - - - - - - - - - -
Depreciation 25.0% - - - - - - - - - - - - -

Closing Balance - - - - - - - - - - - -

GST Cash GST


Creditors GST
Financed GST

Product Development & Tooling


Opening Balance OWDV - - 28,000 56,000 84,000 112,000 140,000 168,000 196,000 224,000 252,000 280,000 280,000

Purchases Cash NRE Costs 28,000 28,000 28,000 28,000 28,000 28,000 28,000 28,000 28,000 28,000 - -
Creditors
Financed
Sub-Total 28,000 56,000 84,000 112,000 140,000 168,000 196,000 224,000 252,000 280,000 280,000 280,000
Amortisation 0.0% - - - - - - - - - - - - -

Closing Balance 28,000 56,000 84,000 112,000 140,000 168,000 196,000 224,000 252,000 280,000 280,000 280,000

GST Cash GST


Creditors GST
Financed GST

Current Liabilities
METT YR1 Net Profit (829,889)
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12 Total

Accounts Payable
Opening Balance - - 2,500 3,250 13,475 105,574 133,203 151,492 146,979 145,625 155,219 148,097 145,960

Purchases - Expenses Creditors 2,500 2,500 12,500 15,114 15,114 25,114 15,114 15,114 25,114 15,114 15,114 25,114
Purchases - COGS Creditors - - - 86,417 86,417 86,417 86,417 86,417 86,417 86,417 86,417 86,417
Purchases - COGS
Purchases - Assets Creditors - - - - - - - - - - - -
Prepaid Expenses Creditors - - - - - - - - - - - -
GST
Creditor Payments 70% - (1,750) (2,275) (9,433) (73,902) (93,242) (106,045) (102,885) (101,937) (108,653) (103,668) (102,172)

Closing Balance 2,500 3,250 13,475 105,574 133,203 151,492 146,979 145,625 155,219 148,097 145,960 155,319

Other Provisions Company Tax 21%


Opening Balance - - - - - - - - - - - -
Tax Payment to IRS
Provision Movements

Closing Balance - - - - - - - - - - - -

Balance Sheet Summary

ASSETS

CURRENT ASSETS
Cash on Hand - (114,654) (235,958) (358,537) (488,273) (682,479) (757,321) (839,965) (919,450) (1,010,140) (1,112,546) (1,197,938) (1,281,834)
Accounts Receivable - - - - 157,680 315,360 315,360 315,360 315,360 315,360 315,360 315,360 315,360
Inventory - - - - - - - - - - - - -
Prepaid Expenses General - - - - - - - - - - - - -

Other Current Assets - - - - - - - - - - - - -


TOTAL CURRENT ASSETS - (114,654) (235,958) (358,537) (330,593) (367,119) (441,961) (524,605) (604,090) (694,780) (797,186) (882,578) (966,474)

NON-CURRENT ASSETS
Land & Buildings - - - - - - - - - - - - -
Fixtures & Fittings - - - - - - - - - - - - -
Leasehold Improvements - - - - - - - - - - - - -
Office & Computer Equipment - - 4,833 4,672 4,516 4,366 9,054 8,752 8,460 8,178 12,739 12,314 11,904
Motor Vehicles - - - - - - - - - - - - -
Product Development & Tooling - 28,000 56,000 84,000 112,000 140,000 168,000 196,000 224,000 252,000 280,000 280,000 280,000
Intangible Assets - - - - - - - - - - - - -
TOTAL NON-CURRENT ASSETS - 28,000 60,833 88,672 116,516 144,366 177,054 204,752 232,460 260,178 292,739 292,314 291,904
TOTAL ASSETS - (86,654) (175,125) (269,865) (214,077) (222,753) (264,907) (319,853) (371,630) (434,602) (504,447) (590,263) (674,570)

LIABILITIES

CURRENT LIABILITIES
Accounts Payable - 2,500 3,250 13,475 105,574 133,203 151,492 146,979 145,625 155,219 148,097 145,960 155,319
Accrued Expenses General - - - - - - - - - - - - -
TOTAL CURRENT LIABILITIES - 2,500 3,250 13,475 105,574 133,203 151,492 146,979 145,625 155,219 148,097 145,960 155,319

NON CURRENT LIABILITIES


External Finance - - - - - - - - - - - - -
Shareholder Loan Accounts - - - - - - - - - - - - -
Company Tax - - - - - - - - - - - - -
TOTAL NON-CURRENT LIABILITIES - - - - - - - - - - - - -
TOTAL LIABILITIES - 2,500 3,250 13,475 105,574 133,203 151,492 146,979 145,625 155,219 148,097 145,960 155,319

NET ASSETS - (89,154) (178,375) (283,340) (319,651) (355,956) (416,399) (466,832) (517,255) (589,821) (652,544) (736,224) (829,889)
METT YR1 Net Profit (829,889)
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12 Total

Balance Sheet Reconciliation Opening Retained Earnings - (89,154) (178,375) (283,340) (319,651) (355,956) (416,399) (466,832) (517,255) (589,821) (652,544) (736,224)

Add NPAT (89,154) (89,221) (104,965) (36,311) (36,306) (60,443) (50,433) (50,423) (72,566) (62,723) (83,680) (93,666) (829,889)
Income Tax Expense - - - - - - - - - - - -
Closing Retained Earnings (89,154) (178,375) (283,340) (319,651) (355,956) (416,399) (466,832) (517,255) (589,821) (652,544) (736,224) (829,889)

Out of Balance - - - - - - - - - - - -

- - - - - - - - - - -

EQUITY

Cash on Hand - - - - - - - - - - - -
Share Capital
Current Year Profits (after Tax) (89,154) (178,375) (283,340) (319,651) (355,956) (416,399) (466,832) (517,255) (589,821) (652,544) (736,224) (829,889)
Retained Earnings - - - - - - - - - - - - (829,889)

TOTAL EQUITY - (89,154) (178,375) (283,340) (319,651) (355,956) (416,399) (466,832) (517,255) (589,821) (652,544) (736,224) (829,889)

Out of Balance - - - - - - - - - - - - -
METT YR1

Revenue

Revenue Assumptions

Units in Field By End YR1 1,000

Initial Units to Market 1,000


Monthly Market Growth 0.0%
Gross Revenue per Month Per Unit $ 157.68
Advertising Space Allowed for Venue
Net Sales Per Month Per Unit 157.7
Net Sales Per Month (Less Advertising & Venue Costs) $ 80.42
Annual Sales Loss (Churn Rate) 0%

Hardware Costs
METT Production Cost Per Unit 210.00

International Freight 7.0%


CMS Licensing Fee (per unit) $ 6.00

Landed Hardware Cost Per Unit 224.70

Creative Realities 5%

Venue Share % of Contribution Margin 20%

Agency Commission % of Sales 30%

Sales Force Deployment Cost % of Sales 5.0%

Attributed % of Units Sold 100.0%

Other Marketing Costs 3.0%

Freight Costs 6.0%

Warranty Costs 1.5%


Device Support Costs 2.0%
NRE / Certification Investment 280,000
Net Profit (829,889)

Month 1

Opening Units in Market -


Units Added to Market -
Total Units in Market -

Revenue Per Unit -


Discount Until Critical Mass achieved (50k units)
Discounted Revenue -
Total Revenue -

Hardware Costs

Total COGS -
Gross Profit -
Gross Profit % -

Agency Commission Costs -


CMS Licensing Fees -
Creative Realities -
Sales Force Deployment Costs -
Other Marketing Costs -
Freight Costs -
Warranty Costs -
Device Support Costs -

Total Direct Costs -

Contribution Margin -
Contribution Margin % -

Venue Revenue Share


NRE / Tooling 28,000
Month 2 Month 3 Month 4 Month 5 Month 6 Month 7

- - - 1,000 1,000 1,000


- 1,000 - - -
- 1,000 1,000 1,000 1,000

- 158 158 158 158


0% 0%
- - 157.68 157.68 157.68 157.68
- - 157,680 157,680 157,680 157,680

- - - - - -
- - 157,680 157,680 157,680 157,680
- - 100.0% 100.0% 100.0% 100.0%

- - 47,304 47,304 47,304 47,304


- - 6,000 6,000 6,000 6,000
- - 5,519 5,519 5,519 5,519
- - 7,884 7,884 7,884 7,884
- - 4,730 4,730 4,730 4,730
- - 9,461 9,461 9,461 9,461
- - 2,365 2,365 2,365 2,365
- - 3,154 3,154 3,154 3,154

- - 86,417 86,417 86,417 86,417

- - 71,263 71,263 71,263 71,263


- - 45.2% 45.2% 45.2% 45.2%

28,000 28,000 28,000 28,000 28,000 28,000


Month 8 Month 9 Month 10 Month 11 Month 12 Total

1,000 1,000 1,000 1,000 1,000 1,000


- - -
1,000 1,000 1,000 1,000 1,000

158 158 158 158 158


0% 0%
157.68 157.68 157.68 157.68 157.68
157,680 157,680 157,680 157,680 157,680 1,419,120

- - - - - -
157,680 157,680 157,680 157,680 157,680 1,419,120
100.0% 100.0% 100.0% 100.0% 100.0% 100.0%

47,304 47,304 47,304 47,304 47,304 425,736


6,000 6,000 6,000 6,000 6,000 54,000
5,519 5,519 5,519 5,519 5,519 49,669
7,884 7,884 7,884 7,884 7,884 70,956
4,730 4,730 4,730 4,730 4,730 42,574
9,461 9,461 9,461 9,461 9,461 85,147
2,365 2,365 2,365 2,365 2,365 21,287
3,154 3,154 3,154 3,154 3,154 28,382

86,417 86,417 86,417 86,417 86,417 777,751

71,263 71,263 71,263 71,263 71,263 641,369


45.2% 45.2% 45.2% 45.2% 45.2% 45.2%

20,971 20,971 41,943


28,000 28,000 28,000 280,000
METT YR1
Overhead & Operating Expense Budget

Overhead Expenses

Accounting Fees
Amortisation
Bad & Doubtful Debts
Bank Fees & Charges

Business Development Expenses


Depreciation
Donations
Filing Fees
Fines
Insurance

Interest
Legal Fees
Staff & Client Gifts
Total Overhead Expeneses

Operating Expenses

Advertising & Promotion

Cleaning & Waste Removal

Commissions/Rebates
Consulting Services

Contractor Services

Electricity & Gas


IT Expenses

Motor Vehicle Expenses

Parking & Tolls

Postage
Printing & Stationery

Rates, Outgoings & Land Taxes

Rent
Repairs & Maintenance
Security
Subscriptions & Memberships
SG&A Costs
Telephone & Internet

Trade Shows & Conferences

Travel - Overseas

Total Operating Expenses

Employment Expenses

Salaries & Wages


Allowances
Bonuses/Commissions
Other
Total Remuneration
Superannuation - Directors
Payroll Tax Expense
Payroll Processing Costs
Staff Expenses & Travel
Social Security & Medicare
Staff Amenities
Burden Costs
Staff Training
Staff Recruitment & HR
Total Employment Expenses

BY DEPARTMENT Finance/Admin
Salaries & Wages
Allowances
Bonuses/Commissions
Social Security & Medicare
Total Remuneration
% of Total Remuneration
Staff Benefits
Other
Consulting Fees
Total Finance/Admin Employment Expenses

Operations & Project Management


Salaries & Wages
Allowances
Bonuses/Commissions
Social Security & Medicare
Total Remuneration
% of Total Remuneration
Staff Benefits
Other
Consulting Fees
Total Finance/Admin Employment Expenses

Sales
Salaries & Wages
Allowances
Bonuses/Commissions
Social Security & Medicare
Total Remuneration
% of Total Remuneration
Staff Benefits
Other
Consulting Fees
Total Finance/Admin Employment Expenses

Marketing & Design


Salaries & Wages
Allowances
Bonuses/Commissions
Social Security & Medicare
Total Remuneration
% of Total Remuneration
Staff Benefits
Other
Consulting Fees
Total Finance/Admin Employment Expenses

BY STAFF MEMBER
Finance/Admin
Total Finance/Admin Remuneration

Operations & Project Management

Total Operations & Project Management Remuneration


Sales

Total Sales Remuneration

Marketing & Design

Total Marketing & Design Remuneration


Total Remuneration
Net Profit (829,889)

Monthly Bank Fees

Professional Indemnity Insurance


Business Insurance

External Finance Interest


Misc IT Support Services & Charges

M/V - Fuel & Oil


M/V - Insurance
M/V - Rego
M/V - Repairs & Maintenance
M/V - Interest
M/V - Other

Annual Local Charges

Office Supplies
Airfares See Department/Employee Breakdown
Accomodation below
Meals
Transport
Other

Salary
Allowances
Bonus
Superannuation

Staff Expenses & Travel

Burden Costs

Salary
Allowances
Bonus
Social Security & Medicare
Staff Benefits (Health Insurance)

Finance/Admin

Salary
Allowances
Bonus
Social Security & Medicare

Staff Benefits (Health Insurance)

Operations

Salary
Allowances
Bonus
Social Security & Medicare

Staff Benefits (Health Insurance)

Sales

Salary
Allowances
Bonus
Social Security & Medicare

Staff Benefits (Health Insurance)

Marketing & Design

CEO Salary
Monthly Pay Increase (Decrease)
Allowances
Bonus
Staff Expenses & Travel
Burden Costs
CFO Salary
Monthly Pay Increase (Decrease)
Allowances
Bonus
Staff Expenses & Travel
Burden Costs
Admin Staff Salary
Monthly Pay Increase (Decrease)
Allowances
Bonus
Staff Expenses & Travel
Burden Costs

COO Salary
Monthly Pay Increase (Decrease)
Allowances
Bonus
Staff Expenses & Travel
Burden Costs
CTO/Head of Product/Hardware Salary
Monthly Pay Increase (Decrease)
Allowances
Bonus
Staff Expenses & Travel
Burden Costs
CIO/Head of Network & Infrastructure Salary
Monthly Pay Increase (Decrease)
Allowances
Bonus
Staff Expenses & Travel
Burden Costs
Head of Content Salary
Monthly Pay Increase (Decrease)
Allowances
Bonus
Staff Expenses & Travel
Burden Costs
Head of Supply Chain Salary
Monthly Pay Increase (Decrease)
Allowances
Bonus
Staff Expenses & Travel
Burden Costs
emuneration
Account Managers Salary
Monthly Pay Increase (Decrease)
Allowances
Bonus
Staff Expenses & Travel
Burden Costs
<Emp Name> Salary
<Emp Role> Monthly Pay Increase (Decrease)
Allowances
Bonus
Staff Expenses & Travel
Burden Costs
<Emp Name> Salary
<Emp Role> Monthly Pay Increase (Decrease)
Allowances
Bonus
Staff Expenses & Travel
Burden Costs

<Emp Name> Salary


<Emp Role> Monthly Pay Increase (Decrease)
Allowances
Bonus
Staff Expenses & Travel
Burden Costs
<Emp Name> Salary
<Emp Role> Monthly Pay Increase (Decrease)
Allowances
Bonus
Staff Expenses & Travel
Burden Costs
0

Month 1 Month 2 Month 3 Month 4 Month 5 Month 6

5,000 5,000 5,000


- - - - - -
- - - - - - -
100 - - - - -
100 - - - - -
- - - - - -
- - - - - -
- - - - - -

- - - - - - -
- 167 161 156 151 312
- - - - - - -
- -
- - - - - - -
24,000 2,000 2,000 2,000 2,000 2,000 2,000

- - - - - -
5,000 5,000 5,000
-
2,200 2,167 12,161 2,156 2,151 12,312

- - - - - -

- - - - - -

- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- -
- - - - - -

- -
500 500 500 500 500 500
500 500 500 500 500 500 500

- - - -

-
- - - - - -
- - - - - -
- - - - - -

- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- -
- -
- -
- - - - - -
- - - - - -
- -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
8.0% - - - 12,614 12,614 12,614
- - - - - -

- - - - - -
- -

- - - - - -

500 500 500 13,114 13,114 13,114

73,090 73,090 78,090 78,090 78,090 90,243


- - - - - -
- - - - - -
- - - - - -
73,090 73,090 78,090 78,090 78,090 90,243

2,500 2,500 2,500 2,500 2,500 2,500

- - - - - -
10,964 10,964 11,714 11,714 11,714 13,536
-
- - -
86,554 86,554 92,304 92,304 92,304 106,280

33,333 33,333 38,333 38,333 38,333 38,333


- - - - - -
- - - - - -
- - - - - -
33,333 33,333 38,333 38,333 38,333 38,333
45.6% 45.6% 49.1% 49.1% 49.1% 42.5%
- - - - - -
- - - - - -
- - - - - -
33,333 33,333 38,333 38,333 38,333 38,333

39,757 39,757 39,757 39,757 39,757 51,910


- - - - - -
- - - - - -
- - - - - -
39,757 39,757 39,757 39,757 39,757 51,910
54.4% 54.4% 50.9% 50.9% 50.9% 57.5%
- - - - - -
- - - - - -
- - - - - -
39,757 39,757 39,757 39,757 39,757 51,910

- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
- - - - - -

- - - - - -
- - - - - -

- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
- - - - - -
- - - - - -
- - - - - -
- - - - - -

200,000 16,667 16,667 16,667 16,667 16,667 16,667


- - - - - -
12,000 1,000 1,000 1,000 1,000 1,000 1,000
15% 2,500 2,500 2,500 2,500 2,500 2,500
200,000 16,667 16,667 16,667 16,667 16,667 16,667
- - - - - -

9,000 750 750 750 750 750 750


15% 2,500 2,500 2,500 2,500 2,500 2,500
60,000 5,000 5,000 5,000 5,000

- - - - - - -
15% - - 750 750 750 750
40,083 40,083 45,833 45,833 45,833 45,833

200,000 16,667 16,667 16,667 16,667 16,667 16,667

9,000 750 750 750 750 750 750


15% 2,500 2,500 2,500 2,500 2,500 2,500
131,251 10,938 10,938 10,938 10,938 10,938 10,938

- - - - - - -
15% 1,641 1,641 1,641 1,641 1,641 1,641
145,834 12,153 12,153 12,153 12,153 12,153 12,153

- - - - - - -
15% 1,823 1,823 1,823 1,823 1,823 1,823
145,834 12,153

- - - - - - -
15% - - - - - 1,823
145,834

- - - - - - -
15% - - - - - -
46,471 46,471 46,471 46,471 46,471 60,446
- - - - - - -

- - - - - -

- - - - - -

- - - - - -

- - - - - -

- - - - - -

- - - - - -

- - - - - -

- - - - - -

- - - - - -

- - - - - -

- - - - - -
86,554 86,554 92,304 92,304 92,304 106,280
13,464 13,464 14,214 14,214 14,214 16,036
Month 7 Month 8 Month 9 Month 10 Month 11 Month 12 Total

5,000 5,000 20,000


- - - - - - -
- - - - - - -
- - - - - - 100
- - - - - - 100
- - - - - - -
- - - - - - -
- - - - - - -
-
- - - - - - -
302 292 282 439 425 410 3,096
- - - - - - -
- -
- - - - - - -
2,000 2,000 2,000 2,000 2,000 2,000 24,000
-
-
-
- - - - - - -
5,000 5,000 20,000
-
2,302 2,292 12,282 2,439 2,425 12,410 67,296

- - - - - - -
-
-
-

-
- - - - - - -
-
-
-
-
- - - - - - -
- -
-
-
-
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - -
- - - - - - -
-
-
-
-
- - -
500 500 500 500 500 500 6,000
500 500 500 500 500 500 6,000
- -
-
-
-
- -
- -
- - - - - - -
- - - - - - -
- - - - - - -
- -
- -
- -
-
- - - - - - -
- - - - - - -
- - - - - -
- - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - -
- - -
- - -
- - - - - - -
- - - - - - -
- - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
12,614 12,614 12,614 12,614 12,614 12,614 113,530
- - - - - - -
-
-
-
-
-
-

- - - - - - -
- - -
-
-
- - - - - - -
-
-
-
-
-
13,114 13,114 13,114 13,114 13,114 13,114 119,530

90,243 90,243 102,396 102,396 102,396 102,396 1,060,766


- - - - - - -
- - - - - - -
- - - - - - -
90,243 90,243 102,396 102,396 102,396 102,396 1,060,766
-
-
-
2,500 2,500 2,500 2,500 2,500 2,500 30,000
-
- - - - - - -
13,536 13,536 13,536 13,536 13,536 13,536 151,823
- -
- - -
106,280 106,280 118,433 118,433 118,433 118,433 1,242,589

38,333 38,333 38,333 38,333 38,333 38,333 450,000


- - - - - - -
- - - - - - -
- - - - - - -
38,333 38,333 38,333 38,333 38,333 38,333 450,000
42.5% 42.5% 37.4% 37.4% 37.4% 37.4% 42.4%
- - - - - - -
- - - - - - -
- - - - - -
38,333 38,333 38,333 38,333 38,333 38,333 450,000

51,910 51,910 64,063 64,063 64,063 64,063 610,766


- - - - - - -
- - - - - - -
- - - - - - -
51,910 51,910 64,063 64,063 64,063 64,063 610,766
57.5% 57.5% 62.6% 62.6% 62.6% 62.6% 57.6%
- - - - - - -
- - - - - - -
- - - - - - -
51,910 51,910 64,063 64,063 64,063 64,063 610,766

- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
- - - - - - -
-
- - - - - - -
- - - - - - -

- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -

16,667 16,667 16,667 16,667 16,667 16,667


- - - - - -
1,000 1,000 1,000 1,000 1,000 1,000
2,500 2,500 2,500 2,500 2,500 2,500
16,667 16,667 16,667 16,667 16,667 16,667
- - - - - -

750 750 750 750 750 750


2,500 2,500 2,500 2,500 2,500 2,500
5,000 5,000 5,000 5,000 5,000 5,000

- - - - - -
750 750 750 750 750 750
45,833 45,833 45,833 45,833 45,833 45,833

16,667 16,667 16,667 16,667 16,667 16,667

750 750 750 750 750 750


2,500 2,500 2,500 2,500 2,500 2,500
10,938 10,938 10,938 10,938 10,938 10,938

- - - - - -
1,641 1,641 1,641 1,641 1,641 1,641
12,153 12,153 12,153 12,153 12,153 12,153

- - - - - -
1,823 1,823 1,823 1,823 1,823 1,823
12,153 12,153 12,153 12,153 12,153 12,153

- - - - - -
1,823 1,823 1,823 1,823 1,823 1,823
12,153 12,153 12,153 12,153

- - - - - -
- - 1,823 1,823 1,823 1,823
60,446 60,446 74,422 74,422 74,422 74,422
- - - - - -

- - - - - -

- - - - - -

- - - - - -

- - - - - -

- - - - - -

- - - - - -

- - - - - -

- - - - - -

- - - - - -

- - - - - -

- - - - - -
106,280 106,280 120,255 120,255 120,255 120,255
16,036 16,036 17,859 17,859 17,859 17,859
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin

Operations & Project Management


Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Sales
Sales
Sales
Sales
Sales
Sales
Sales
Sales
Sales
Sales
Sales
Sales
Sales
Sales
Sales
Sales
Sales
Sales
Sales

Marketing & Design


Marketing & Design
Marketing & Design
Marketing & Design
Marketing & Design
Marketing & Design
Marketing & Design
Marketing & Design
Marketing & Design
Marketing & Design
Marketing & Design
Marketing & Design
Marketing & Design
METT YR2 Net Profit 3,470,355
Month 13 Month 14 Month 15 Month 16 Month 17 Month 18 Month 19 Month 20 Month 21 Month 22 Month 23 Month 24 Total
Advertising Revenue
Total Sales 132,451 185,432 346,139 484,595 848,041 1,187,257 1,662,160 2,327,024 3,257,834 4,560,967 6,385,354 8,939,496 30,316,751

Direct Costs

Agency Commission Costs Creditors 36,424 50,994 95,188 133,264 233,211 326,496 457,094 639,932 895,904 1,254,266 1,755,972 2,458,361 8,337,107
CMS Licencing Fees Creditors 6,000 8,400 11,760 16,464 23,050 32,269 45,177 63,248 88,547 123,966 173,553 242,974 835,409
AdmeTV Creditors 4,801 6,722 12,548 17,567 30,741 43,038 60,253 84,355 118,096 165,335 231,469 324,057 1,098,982
Property Roll out / Deployment Costs Creditors 6,623 9,272 17,307 24,230 42,402 59,363 83,108 116,351 162,892 228,048 319,268 446,975 1,515,838
Other Marketing Costs Creditors 3,974 5,563 10,384 14,538 25,441 35,618 49,865 69,811 97,735 136,829 191,561 268,185 909,503
Freight Costs Creditors 7,947 11,126 20,768 29,076 50,882 71,235 99,730 139,621 195,470 273,658 383,121 536,370 1,819,005
Warranty Costs Creditors 1,987 2,781 5,192 7,269 12,721 17,809 24,932 34,905 48,868 68,415 95,780 134,092 454,751
Device Support Costs Creditors 2,649 3,709 6,923 9,692 16,961 23,745 33,243 46,540 65,157 91,219 127,707 178,790 606,335

Total Direct Costs 70,404 98,566 180,070 252,098 435,409 609,573 853,403 1,194,764 1,672,669 2,341,737 3,278,431 4,589,804 15,576,929

Contribution Margin $ 62,047 86,866 166,069 232,497 412,631 577,684 808,758 1,132,261 1,585,165 2,219,231 3,106,923 4,349,692 14,739,822
Contribution Margin % 46.8% 46.8% 48.0% 48.0% 48.7% 48.7% 48.7% 48.7% 48.7% 48.7% 48.7% 48.7% 48.6%

Expenses

Other Expenses
Venue Revenue share Cash 18,245 25,543 47,681 66,753 116,818 163,545 228,963 320,548 448,767 628,273 879,583 1,231,416 4,176,132

Total Other Expenses 18,245 25,543 47,681 66,753 116,818 163,545 228,963 320,548 448,767 628,273 879,583 1,231,416 4,176,132

Employment Expenses
Salaries & Wages Cash 259,167 259,167 259,167 259,167 259,167 259,167 259,167 259,167 259,167 259,167 259,167 259,167 3,110,000
Allowances Cash - - - - - - - - - - - - -
Bonus/Commissions Cash - - - - - - - - - - - - -
Staff Expenses & Travel Cash 15,500 15,500 15,500 15,500 15,500 15,500 15,500 15,500 15,500 15,500 15,500 15,500 186,000
Burden Costs Cash 37,594 37,594 37,594 37,594 37,594 37,594 37,594 37,594 37,594 37,594 37,594 37,594 451,127
Total Employment Expenses 312,261 312,261 312,261 312,261 312,261 312,261 312,261 312,261 312,261 312,261 312,261 312,261 3,747,127

Employment Expenses as % of Sales 235.8% 168.4% 90.2% 64.4% 36.8% 26.3% 18.8% 13.4% 9.6% 6.8% 4.9% 3.5% 12.4%

Operating & Overhead Expenses


Accountancy Creditors - - 7,500 - - 7,500 - - 7,500 - - 7,500 30,000
Amortisation 2,333 2,314 2,295 2,275 2,257 2,238 2,219 2,201 2,182 2,164 2,146 2,128 26,752
Bank Fees & Charges 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 36,000
Depreciation 397 3,047 6,454 11,165 17,869 26,959 39,633 57,492 82,207 116,761 165,259 232,874 760,116
Insurance Creditors 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 48,000
Interest - - - - - - - - - - - - -
Legal Fees Creditors - - 5,000 - - 5,000 - - 5,000 - - 5,000 20,000
Rent Cash - - - - - - - - - - - - -
SG&A Costs Creditors 10,596 14,835 27,691 38,768 67,843 94,981 132,973 186,162 260,627 364,877 510,828 715,160 2,425,340
Telephone & Internet Creditors - - - - - - - - - - - - -
Total Operating & Overhead Expenses 20,326 27,195 55,940 59,208 94,968 143,677 181,825 252,855 364,516 490,802 685,234 969,662 3,346,208
Total Expenses 350,832 364,999 415,881 438,221 524,047 619,482 723,048 885,663 1,125,543 1,431,336 1,877,077 2,513,338 11,269,467
Net Profit (288,785) (278,133) (249,812) (205,725) (111,415) (41,798) 85,710 246,598 459,622 787,894 1,229,846 1,836,354 3,470,355
Net Profit as % of Sales (218.0%) (150.0%) (72.2%) (42.5%) (13.1%) (3.5%) 5.2% 10.6% 14.1% 17.3% 19.3% 20.5% 11.4%

EBITDA (286,055) (272,773) (241,063) (192,285) (91,290) (12,602) 127,562 306,290 544,011 906,820 1,397,252 2,071,356 4,257,223
EBITDA as % of Sales (216.0%) (147.1%) (69.6%) (39.7%) (10.8%) (1.1%) 7.7% 13.2% 16.7% 19.9% 21.9% 23.2% 14.0%
EBIT (288,785) (278,133) (249,812) (205,725) (111,415) (41,798) 85,710 246,598 459,622 787,894 1,229,846 1,836,354 3,470,355
EBIT as % of Sales (218.0%) (150.0%) (72.2%) (42.5%) (13.1%) (3.5%) 5.2% 10.6% 14.1% 17.3% 19.3% 20.5% 11.4%
METT YR2 Net Profit 3,470,355
Month 13 Month 14 Month 15 Month 16 Month 17 Month 18 Month 19 Month 20 Month 21 Month 22 Month 23 Month 24 Total

Balance Sheet

Current Assets

Cash at Bank
Opening Balance (1,281,834) (1,281,834) (1,656,263) (2,062,336) (2,578,807) (3,211,947) (3,911,553) (4,823,252) (5,831,154) (7,115,914) (8,778,794) (10,987,548) (13,947,377)

Cash Receipts
Debtor Receipts 157,680 157,680 132,451 185,432 346,139 484,595 848,041 1,187,257 1,662,160 2,327,024 3,257,834 4,560,967

External Finance Inflows - - - - - - - - - - - -

Shareholder Capital - - - - - - - - - - - -

Shareholder Loan Receipts

Cash Payments
Creditor Payments (108,723) (92,117) (109,816) (189,928) (263,384) (434,092) (634,965) (883,752) (1,234,574) (1,735,229) (2,417,999) (3,380,681)
Cash Payments - - - - - - - - - - - -

Cash Payments (3,000) (3,000) (3,000) (3,000) (3,000) (3,000) (3,000) (3,000) (3,000) (3,000) (3,000) (3,000)
Rev Share (18,245) (25,543) (47,681) (66,753) (116,818) (163,545) (228,963) (320,548) (448,767) (628,273) (879,583) (1,231,416)

Stock Purchases (89,880) (125,832) (176,165) (246,631) (345,283) (483,396) (676,755) (947,457) (1,326,439) (1,857,015) (2,599,821) (3,639,749)
Salaries & Wages (312,261) (312,261) (312,261) (312,261) (312,261) (312,261) (312,261) (312,261) (312,261) (312,261) (312,261) (312,261)

NRE/Tooling Costs - - - - - - - - - - - -
Investment in Plant & Equipment - (5,000) - - (5,000) - - (5,000) - - (5,000) -
Investment in Patents & Trademarks - - - - - - - - - - - -
Tax Payments to IRS - - - - - - - - - - - 246,890
Finance Repayments - - - - - - - - - - - -

Closing Balance (1,656,263) (2,062,336) (2,578,807) (3,211,947) (3,911,553) (4,823,252) (5,831,154) (7,115,914) (8,778,794) (10,987,548) (13,947,377) (17,706,625)

Net Cash Flow (374,429) (406,073) (516,471) (633,140) (699,606) (911,699) (1,007,902) (1,284,760) (1,662,880) (2,208,754) (2,959,829) (3,759,249)
Payback Cash (Retain 80% WC) 80% - - - - - - - - - - - - -
Updated Cash at Bank (1,656,263) (2,062,336) (2,578,807) (3,211,947) (3,911,553) (4,823,252) (5,831,154) (7,115,914) (8,778,794) (10,987,548) (13,947,377) (17,706,625) -
- - - - - - - - - - - - -
Accounts Receivable
Opening Balance 315,360 315,360 290,131 317,883 531,571 830,734 1,332,636 2,035,298 2,849,417 3,989,184 5,584,858 7,818,801 10,946,322
Prior mnth 2 Prior mnth 1
Sales 157,680 157,680 132,451 185,432 346,139 484,595 848,041 1,187,257 1,662,160 2,327,024 3,257,834 4,560,967 6,385,354 8,939,496
Collections Collect 100% 60 Days (157,680) (157,680) (132,451) (185,432) (346,139) (484,595) (848,041) (1,187,257) (1,662,160) (2,327,024) (3,257,834) (4,560,967)

Closing Balance 290,131 317,883 531,571 830,734 1,332,636 2,035,298 2,849,417 3,989,184 5,584,858 7,818,801 10,946,322 15,324,850

Inventory
Opening Balance - - 89,880 213,216 383,458 619,438 947,517 1,404,596 2,042,338 2,933,068 4,178,041 5,919,011 8,354,432

Stock Value per unit Purchases 224.70 89,880 125,832 176,165 246,631 345,283 483,396 676,755 947,457 1,326,439 1,857,015 2,599,821 3,639,749
Depreciation - PC Rate 33.33% pa (36 months) - (2,496) (5,922) (10,651) (17,205) (26,317) (39,013) (56,726) (81,466) (116,045) (164,401) (232,044)
Stock Loss - - - - - - - - - - -

Closing Balance 89,880 213,216 383,458 619,438 947,517 1,404,596 2,042,338 2,933,068 4,178,041 5,919,011 8,354,432 11,762,136

Opening Stock Units - - 400 960 1,744 2,842 4,378 6,530 9,541 13,758 19,661 27,925 39,496

Purchases 400 560 784 1,098 1,537 2,151 3,012 4,217 5,903 8,264 11,570 16,198

COGS

Closing Stock Units 400 960 1,744 2,842 4,378 6,530 9,541 13,758 19,661 27,925 39,496 55,694
METT YR2 Net Profit 3,470,355
Month 13 Month 14 Month 15 Month 16 Month 17 Month 18 Month 19 Month 20 Month 21 Month 22 Month 23 Month 24 Total

Prepaid Expenses General


Opening Balance - - - - - - - - - - - - -

Annual Expenses

Prepayments Expensed

Closing Balance - - - - - - - - - - - -

Bonds & Security Deposits Available


Opening Balance Balance - - - - - - - - - - - - -

Cash Receipts
Interest Received
New Bonds/Security Deposits

Cash Payments
Cash Out on Maturity
Purchases
Interest Paid 7.10%

Closing Balance - - - - - - - - - - - -

Other Current Assets


Opening Balance - - - - - - - - - - - - -

Movements

Closing Balance - - - - - - - - - - - -

Non-Current Assets

Land & Buildings


Opening Balance OWDV - - - - - - - - - - - - -

Purchases Cash
Creditors
Financed
Sub-Total - - - - - - - - - - - -

Land Freehold (No Depn) - - - - - - - - - - - - -


Sub-Total (Available for Depn) - - - - - - - - - - - -
Depreciation 2.5% - - - - - - - - - - - - -

Closing Balance - - - - - - - - - - - -

GST Cash GST


Creditors GST
Financed GST

Leasehold Improvements
Opening Balance OWDV - - - - - - - - - - - - -

Purchases Cash New Office - -


Creditors
Financed
Sub-Total - - - - - - - - - - - -
Depreciation 2.5% - - - - - - - - - - - - -
METT YR2 Net Profit 3,470,355
Month 13 Month 14 Month 15 Month 16 Month 17 Month 18 Month 19 Month 20 Month 21 Month 22 Month 23 Month 24 Total

Closing Balance - - - - - - - - - - - -

GST Cash GST


Creditors GST
Financed GST

Office & Computer Equipment


Opening Balance OWDV 11,904 11,904 11,507 15,957 15,425 14,911 19,247 18,605 17,985 22,219 21,478 20,763 24,904

Purchases Cash New Office - 5,000 5,000 5,000 5,000


Creditors
Financed
Sub-Total 11,904 16,507 15,957 15,425 19,911 19,247 18,605 22,985 22,219 21,478 25,763 24,904
Depreciation 40.0% (397) (550) (532) (514) (664) (642) (620) (766) (741) (716) (859) (830) (7,830)

Closing Balance 11,507 15,957 15,425 14,911 19,247 18,605 17,985 22,219 21,478 20,763 24,904 24,074

GST Cash GST


Creditors GST
Financed GST

Fixtures & Fittings


Opening Balance OWDV - - - - - - - - - - - - -

Purchases Cash New Office -


Creditors
Financed
Sub-Total - - - - - - - - - - - -
Depreciation 20.0% - - - - - - - - - - - - -

Closing Balance - - - - - - - - - - - -

GST Cash GST


Creditors GST
Financed GST

Motor Vehicles
Opening Balance OWDV - - - - - - - - - - - - -

Purchases Cash
Creditors
Financed
Sub-Total - - - - - - - - - - - -
Depreciation 25.0% - - - - - - - - - - - - -

Closing Balance - - - - - - - - - - - -

GST Cash GST


Creditors GST
Financed GST

Product Development & Tooling


Opening Balance OWDV 280,000 280,000 277,667 275,353 273,058 270,783 268,526 266,288 264,069 261,869 259,687 257,523 255,376

Purchases Cash NRE Costs


Creditors
Financed
Sub-Total 280,000 277,667 275,353 273,058 270,783 268,526 266,288 264,069 261,869 259,687 257,523 255,376
Amortisation 10.0% (2,333) (2,314) (2,295) (2,275) (2,257) (2,238) (2,219) (2,201) (2,182) (2,164) (2,146) (2,128) (26,752)

Closing Balance 277,667 275,353 273,058 270,783 268,526 266,288 264,069 261,869 259,687 257,523 255,376 253,248

GST Cash GST


Creditors GST
Financed GST

Intangible Assets
Opening Balance OWDV - - - - - - - - - - - - -

Purchases Cash Patents/Trademarks -


Creditors
Financed
METT YR2 Net Profit 3,470,355
Month 13 Month 14 Month 15 Month 16 Month 17 Month 18 Month 19 Month 20 Month 21 Month 22 Month 23 Month 24 Total
Sub-Total - - - - - - - - - - - -
Amortisation 20.0% - - - - - - - - - - - - -

Closing Balance - - - - - - - - - - - -

GST Cash GST


Creditors GST
Financed GST

Total Depreciation Depreciation (397) (550) (532) (514) (664) (642) (620) (766) (741) (716) (859) (830) (7,830)
Total Amortisation Amortisation (2,333) (2,314) (2,295) (2,275) (2,257) (2,238) (2,219) (2,201) (2,182) (2,164) (2,146) (2,128) (26,752)

Current Liabilities

Accounts Payable
Opening Balance 155,319 155,319 131,596 156,880 271,325 376,263 620,132 907,093 1,262,503 1,763,677 2,478,899 3,454,284 4,829,545

Purchases - Expenses Creditors 14,596 18,835 44,191 42,768 71,843 111,481 136,973 190,162 277,127 368,877 514,828 731,660
Purchases - COGS Creditors 70,404 98,566 180,070 252,098 435,409 609,573 853,403 1,194,764 1,672,669 2,341,737 3,278,431 4,589,804
Purchases - COGS
Purchases - Assets Creditors - - - - - - - - - - - -
Prepaid Expenses Creditors - - - - - - - - - - - -
GST
Creditor Payments 70% (108,723) (92,117) (109,816) (189,928) (263,384) (434,092) (634,965) (883,752) (1,234,574) (1,735,229) (2,417,999) (3,380,681)

Closing Balance 131,596 156,880 271,325 376,263 620,132 907,093 1,262,503 1,763,677 2,478,899 3,454,284 4,829,545 6,770,327

Accrued Expenses General


Opening Balance - - - - - - - - - - - - -

Closing Balance - - - - - - - - - - - -

Non-Current Liabilities

External Finance
Opening Balance - - - - - - - - - - - - -

Cash Inflows

Finance Repayments - - - - - - - - - - - - -
Interest 0.0% - - - - - - - - - - - -

Closing Balance - - - - - - - - - - - -

Shareholder Loan Accounts


Opening Balance - - - - - - - - - - - - -

Movements

Closing Balance - - - - - - - - - - - -

Other Provisions Provision for tax 21%


Opening Balance - - (60,645) (119,053) (171,513) (214,716) (238,113) (246,890) (228,891) (177,106) (80,585) 84,873 343,140
Tax Payments to IRS 246,890
Provision Movements (60,645) (58,408) (52,461) (43,202) (23,397) (8,778) 17,999 51,786 96,521 165,458 258,268 385,634

Closing Balance (60,645) (119,053) (171,513) (214,716) (238,113) (246,890) (228,891) (177,106) (80,585) 84,873 343,140 975,665
METT YR2 Net Profit 3,470,355
Month 13 Month 14 Month 15 Month 16 Month 17 Month 18 Month 19 Month 20 Month 21 Month 22 Month 23 Month 24 Total

Balance Sheet Summary

ASSETS

CURRENT ASSETS
Cash on Hand (1,281,834) (1,656,263) (2,062,336) (2,578,807) (3,211,947) (3,911,553) (4,823,252) (5,831,154) (7,115,914) (8,778,794) (10,987,548) (13,947,377) (17,706,625)
Accounts Receivable 315,360 290,131 317,883 531,571 830,734 1,332,636 2,035,298 2,849,417 3,989,184 5,584,858 7,818,801 10,946,322 15,324,850
Inventory - 89,880 213,216 383,458 619,438 947,517 1,404,596 2,042,338 2,933,068 4,178,041 5,919,011 8,354,432 11,762,136
Prepaid Expenses General - - - - - - - - - - - - -
Bonds & Security Deposits - - - - - - - - - - - - -
Other Current Assets - - - - - - - - - - - - -
TOTAL CURRENT ASSETS (966,474) (1,276,252) (1,531,238) (1,663,778) (1,761,774) (1,631,401) (1,383,359) (939,400) (193,662) 984,105 2,750,265 5,353,377 9,380,361

NON-CURRENT ASSETS
Land & Buildings - - - - - - - - - - - - -
Fixtures & Fittings - - - - - - - - - - - - -
Leasehold Improvements - - - - - - - - - - - - -
Office & Computer Equipment 11,904 11,507 15,957 15,425 14,911 19,247 18,605 17,985 22,219 21,478 20,763 24,904 24,074
Motor Vehicles - - - - - - - - - - - - -
Product Development & Tooling 280,000 277,667 275,353 273,058 270,783 268,526 266,288 264,069 261,869 259,687 257,523 255,376 253,248
Intangible Assets - - - - - - - - - - - - -
TOTAL NON-CURRENT ASSETS 291,904 289,174 291,310 288,483 285,693 287,773 284,894 282,055 284,088 281,165 278,285 280,280 277,322
TOTAL ASSETS (674,570) (987,078) (1,239,928) (1,375,295) (1,476,081) (1,343,628) (1,098,465) (657,345) 90,426 1,265,270 3,028,550 5,633,657 9,657,683

LIABILITIES

CURRENT LIABILITIES
Accounts Payable 155,319 131,596 156,880 271,325 376,263 620,132 907,093 1,262,503 1,763,677 2,478,899 3,454,284 4,829,545 6,770,327
Accrued Expenses General - - - - - - - - - - - - -
TOTAL CURRENT LIABILITIES 155,319 131,596 156,880 271,325 376,263 620,132 907,093 1,262,503 1,763,677 2,478,899 3,454,284 4,829,545 6,770,327

NON CURRENT LIABILITIES


External Finance - - - - - - - - - - - - -
Shareholder Loan Accounts - - - - - - - - - - - - -
Other Provisions - (60,645) (119,053) (171,513) (214,716) (238,113) (246,890) (228,891) (177,106) (80,585) 84,873 343,140 975,665
TOTAL NON-CURRENT LIABILITIES - (60,645) (119,053) (171,513) (214,716) (238,113) (246,890) (228,891) (177,106) (80,585) 84,873 343,140 975,665
TOTAL LIABILITIES 155,319 70,951 37,827 99,812 161,548 382,019 660,203 1,033,612 1,586,571 2,398,314 3,539,156 5,172,685 7,745,992

NET ASSETS (829,889) (1,058,030) (1,277,755) (1,475,106) (1,637,629) (1,725,647) (1,758,668) (1,690,957) (1,496,145) (1,133,043) (510,607) 460,972 1,911,691
METT YR2 Net Profit 3,470,355
Month 13 Month 14 Month 15 Month 16 Month 17 Month 18 Month 19 Month 20 Month 21 Month 22 Month 23 Month 24 Total

Balance Sheet Reconciliation Opening Retained Earnings (829,889) (1,058,030) (1,277,755) (1,475,106) (1,637,629) (1,725,647) (1,758,668) (1,690,957) (1,496,145) (1,133,043) (510,607) 460,972

Add Net Profit (288,785) (278,133) (249,812) (205,725) (111,415) (41,798) 85,710 246,598 459,622 787,894 1,229,846 1,836,354 3,470,355
Income Tax Expense 60,645 58,408 52,461 43,202 23,397 8,778 (17,999) (51,786) (96,521) (165,458) (258,268) (385,634)
Closing Retained Earnings (1,058,030) (1,277,755) (1,475,106) (1,637,629) (1,725,647) (1,758,668) (1,690,957) (1,496,145) (1,133,043) (510,607) 460,972 1,911,691

Out of Balance - - - - - - - - - - - -

- - - - - - - - - - -

EQUITY

Cash on Hand - - - - - - - - - - - -
Share Capital
Current Year Profits (after Tax) (228,140) (219,725) (197,351) (162,523) (88,018) (33,021) 67,711 194,812 363,101 622,437 971,579 1,450,719
Retained Earnings (829,889) (829,889) (1,058,030) (1,277,755) (1,475,106) (1,637,629) (1,725,647) (1,758,668) (1,690,957) (1,496,145) (1,133,043) (510,607) 460,972 1,911,691

TOTAL EQUITY (829,889) (1,058,030) (1,277,755) (1,475,106) (1,637,629) (1,725,647) (1,758,668) (1,690,957) (1,496,145) (1,133,043) (510,607) 460,972 1,911,691

Out of Balance - - - - - - - - - - - - -
METT YR2

Revenue

Revenue Assumptions

Units in Field By End YR2 56,694

Monthly Market Growth 40.0%


Gross Revenue per Month Per Unit 158

Advertising Space Allowed for Venue 0.0%


Net Sales Per Month Per Unit $ 157.68

Annual Sales Loss (Churn Rate) 0%

Direct Costs Assumptions

Hardware Costs
METT Production Cost Per Unit 210.00

International Freight 7.0%


Landed Hardware Cost Per Unit 224.70

CMS Licensing Fee (per unit) $ 6.00


Creative Realities 5%

Venue Share % of Contribution Margin 20%

Agency Commission % of Sales 27.5%

Sales Force Deployment Cost % of Sales 5.0%

Attributed % of Units Sold 100.0%

Other Marketing Costs 3.0%

Freight Costs 6.0%


Warranty Costs 1.5%
Device Support Costs 2.0%
NRE Investment -
Net Profit 3,470,355
Month 13

Opening Balance
Total Units in Market 1,000
Units Added to Market 400
Total Units in Market 1,400

Revenue Per Unit 158


Discount Until Critical Mass achieved (50k units) 40%
Discounted Revenue 94.61
Total Sales 132,451

Total COGS -
Gross Profit 132,451
Gross Profit % 100.0%

Agency Commission Costs 36,424


CMS Licensing Fee 6,000
Creative Realities 4,801
Sales Force Deployment Costs 6,623
Other Marketing Costs 3,974
Freight Costs 7,947
Warranty Costs 1,987
Device Support Costs 2,649
NRE Costs -
Total Direct Costs 70,404

Contribution Margin 62,047


Contribution Margin % 46.8%

Venue Revenue Share 18,245


Month 14 Month 15 Month 16 Month 17 Month 18

1,400 1,960 2,744 3,842 5,378


560 784 1,098 1,537 2,151
1,960 2,744 3,842 5,378 7,530

158 158 158 158 158


40% 20% 20% 0% 0%
94.61 126.14 126.14 157.68 157.68
185,432 346,139 484,595 848,041 1,187,257

- - - - -
185,432 346,139 484,595 848,041 1,187,257
100.0% 100.0% 100.0% 100.0% 100.0%

50,994 95,188 133,264 233,211 326,496


8,400 11,760 16,464 23,050 32,269
6,722 12,548 17,567 30,741 43,038
9,272 17,307 24,230 42,402 59,363
5,563 10,384 14,538 25,441 35,618
11,126 20,768 29,076 50,882 71,235
2,781 5,192 7,269 12,721 17,809
3,709 6,923 9,692 16,961 23,745
- - - - -
98,566 180,070 252,098 435,409 609,573

86,866 166,069 232,497 412,631 577,684


46.8% 48.0% 48.0% 48.7% 48.7%

25,543 47,681 66,753 116,818 163,545


Month 19 Month 20 Month 21 Month 22 Month 23

7,530 10,541 14,758 20,661 28,925


3,012 4,217 5,903 8,264 11,570
10,541 14,758 20,661 28,925 40,496

158 158 158 158 158


0% 0% 0% 0% 0%
157.68 157.68 157.68 157.68 157.68
1,662,160 2,327,024 3,257,834 4,560,967 6,385,354

- - - - -
1,662,160 2,327,024 3,257,834 4,560,967 6,385,354
100.0% 100.0% 100.0% 100.0% 100.0%

457,094 639,932 895,904 1,254,266 1,755,972


45,177 63,248 88,547 123,966 173,553
60,253 84,355 118,096 165,335 231,469
83,108 116,351 162,892 228,048 319,268
49,865 69,811 97,735 136,829 191,561
99,730 139,621 195,470 273,658 383,121
24,932 34,905 48,868 68,415 95,780
33,243 46,540 65,157 91,219 127,707
- - - - -
853,403 1,194,764 1,672,669 2,341,737 3,278,431

808,758 1,132,261 1,585,165 2,219,231 3,106,923


48.7% 48.7% 48.7% 48.7% 48.7%

228,963 320,548 448,767 628,273 879,583


Month 24 Total

40,496 56,694
16,198
56,694

158
0%
157.68
8,939,496 30,316,751

- -
8,939,496 30,316,751
100.0% 100.0%

2,458,361 8,337,107
242,974 835,409
324,057 1,098,982
446,975 1,515,838
268,185 909,503
536,370 1,819,005
134,092 454,751
178,790 606,335
- -
4,589,804 15,576,929

4,349,692 14,739,822
48.7% 48.6%

1,231,416 4,176,132
METT YR2
Overhead & Operating Expense Budget

Overhead Expenses

Accounting Fees
Amortisation
Bad & Doubtful Debts
Bank Fees & Charges

Business Development Expenses


Depreciation
Donations
Filing Fees
Fines
Insurance

Interest
Legal Fees
Staff & Client Gifts
Total Overhead Expeneses

Operating Expenses

Advertising & Promotion

Cleaning & Waste Removal

Commissions/Rebates
Consulting Services

Contractor Services

Electricity & Gas


IT Expenses

Motor Vehicle Expenses

Parking & Tolls

Postage
Printing & Stationery

Rates, Outgoings & Land Taxes

Rent
Repairs & Maintenance
Security
Subscriptions & Memberships
SG&A Costs
Telephone & Internet

Trade Shows & Conferences

Travel - Overseas

Total Operating Expenses

Employment Expenses

Salaries & Wages


Allowances
Bonuses/Commissions
Superannuation - Staff
Total Remuneration
Superannuation - Directors
Payroll Tax Expense
Payroll Processing Costs
Staff Expenses & Travel
Social Security & Medicare
Staff Amenities
Burden Costs
Staff Training
Staff Recruitment & HR
Total Employment Expenses

BY DEPARTMENT Finance/Admin
Salaries & Wages
Allowances
Bonuses/Commissions
Social Security & Medicare
Total Remuneration
% of Total Remuneration
Staff Benefits
Other
Consulting Fees
Total Finance/Admin Employment Expenses

Operations & Project Management


Salaries & Wages
Allowances
Bonuses/Commissions
Social Security & Medicare
Total Remuneration
% of Total Remuneration
Staff Benefits
Other
Consulting Fees
Total Finance/Admin Employment Expenses

Sales
Salaries & Wages
Allowances
Bonuses/Commissions
Social Security & Medicare
Total Remuneration
% of Total Remuneration
Staff Benefits
Other
Consulting Fees
Total Finance/Admin Employment Expenses

Marketing & Design


Salaries & Wages
Allowances
Bonuses/Commissions
Social Security & Medicare
Total Remuneration
% of Total Remuneration
Staff Benefits
Other
Consulting Fees
Total Finance/Admin Employment Expenses

BY STAFF MEMBER
Finance/Admin
Total Finance/Admin Remuneration

Operations & Project Management


Total Operations & Project Management Remuneration

Sales

Total Sales Remuneration

Marketing & Design

Total Marketing & Design Remuneration


Total Remuneration
Net Profit 3,470,355

Monthly Bank Fees

External Finance Interest


Misc IT Support Services & Charges

M/V - Fuel & Oil


M/V - Insurance
M/V - Rego
M/V - Repairs & Maintenance
M/V - Interest
M/V - Other

Annual Local Charges

Office Supplies
Airfares See Department/Employee Breakdown
Accomodation below
Meals
Transport
Other

Salary
Allowances
Bonus
Superannuation

Staff Expenses & Travel

Burden Costs

Salary
Allowances
Bonus
Social Security & Medicare
Staff Benefits (Health Insurance)

Finance/Admin

Salary
Allowances
Bonus
Social Security & Medicare

Staff Benefits (Health Insurance)

Operations

Salary
Allowances
Bonus
Social Security & Medicare

Staff Benefits (Health Insurance)

Sales

Salary
Allowances
Bonus
Social Security & Medicare

Staff Benefits (Health Insurance)

Marketing & Design

CEO Salary
Monthly Pay Increase (Decrease)
Allowances
Bonus
Staff Expenses & Travel
Burden Costs
CFO Salary
Monthly Pay Increase (Decrease)
Allowances
Bonus
Staff Expenses & Travel
Burden Costs
Admin Staff Salary
Monthly Pay Increase (Decrease)
Allowances
Bonus
Staff Expenses & Travel
Burden Costs
Extra Staff Salary
Monthly Pay Increase (Decrease)
Allowances
Bonus
Staff Expenses & Travel
Burden Costs

COO Salary
Monthly Pay Increase (Decrease)
Allowances
Bonus
Staff Expenses & Travel
Burden Costs
CTO/Head of Product/Hardware Salary
Monthly Pay Increase (Decrease)
Allowances
Bonus
Staff Expenses & Travel
Burden Costs
CIO/Head of Network & Data Salary
Monthly Pay Increase (Decrease)
Allowances
Bonus
Staff Expenses & Travel
Burden Costs
Head of Content Salary
Monthly Pay Increase (Decrease)
Allowances
Bonus
Staff Expenses & Travel
Burden Costs
Head of Supply Chain Salary
Monthly Pay Increase (Decrease)
Allowances
Bonus
Staff Expenses & Travel
Burden Costs
Support Staff x 12 Salary
Monthly Pay Increase (Decrease)
Allowances
Bonus
Staff Expenses & Travel
Burden Costs
emuneration

Account Managers x 6 Salary


Monthly Pay Increase (Decrease)
Allowances
Bonus
Staff Expenses & Travel
Burden Costs
<Emp Name> Salary
<Emp Role> Monthly Pay Increase (Decrease)
Allowances
Bonus
Staff Expenses & Travel
Burden Costs
<Emp Name> Salary
<Emp Role> Monthly Pay Increase (Decrease)
Allowances
Bonus
Staff Expenses & Travel
Burden Costs

Marketing & Design Staff Salary


Monthly Pay Increase (Decrease)
Allowances
Bonus
Staff Expenses & Travel
Burden Costs
<Emp Name> Salary
<Emp Role> Monthly Pay Increase (Decrease)
Allowances
Bonus
Staff Expenses & Travel
Burden Costs
0

Month 13 Month 14 Month 15 Month 16 Month 17 Month 18

7,500 7,500 7,500


2,333 2,314 2,295 2,275 2,257 2,238
- - - - - - -
3,000 3,000 3,000 3,000 3,000 3,000
36,000 3,000 3,000 3,000 3,000 3,000 3,000
- - - - - -
- - - - - -
- - - - - -

- - - - - - -
397 3,047 6,454 11,165 17,869 26,959
- - - - - - -
- -
- - - - - - -
48,000 4,000 4,000 4,000 4,000 4,000 4,000

- - - - - -
5,000 5,000 5,000
-
12,730 15,361 31,249 23,440 30,125 51,697

- - - - - -

- - - - - -

- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- -
- - - - - -

- -
- - - - - -
- - - - - -

- - - -

-
- - - - - -
- - - - - -
- - - - - -

- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- -
- -
- -
- - - - - -
- - - - - -
- -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
8.0% 10,596 14,835 27,691 38,768 67,843 94,981
- - - - - - -

- - - - - -
- -

- - - - - -

10,596 14,835 27,691 38,768 67,843 94,981

259,167 259,167 259,167 259,167 259,167 259,167


- - - - - -
- - - - - -
- - - - - -
259,167 259,167 259,167 259,167 259,167 259,167

15,500 15,500 15,500 15,500 15,500 15,500

- - - - - -
37,594 37,594 37,594 37,594 37,594 37,594
-
- - -
312,261 312,261 312,261 312,261 312,261 312,261

44,167 44,167 44,167 44,167 44,167 44,167


- - - - - -
- - - - - -
- - - - - -
44,167 44,167 44,167 44,167 44,167 44,167
17.0% 17.0% 17.0% 17.0% 17.0% 17.0%
- - - - - -
- - - - - -
- - - - - -
44,167 44,167 44,167 44,167 44,167 44,167

160,000 160,000 160,000 160,000 160,000 160,000


- - - - - -
- - - - - -
- - - - - -
160,000 160,000 160,000 160,000 160,000 160,000
61.7% 61.7% 61.7% 61.7% 61.7% 61.7%
- - - - - -
- - - - - -
- - - - - -
160,000 160,000 160,000 160,000 160,000 160,000

55,000 55,000 55,000 55,000 55,000 55,000


- - - - - -
- - - - - -
- - - - - -
55,000 55,000 55,000 55,000 55,000 55,000
21.2% 21.2% 21.2% 21.2% 21.2% 21.2%
- - - - - -

- - - - - -
55,000 55,000 55,000 55,000 55,000 55,000

- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
- - - - - -
- - - - - -
- - - - - -
- - - - - -

225,000 18,750 18,750 18,750 18,750 18,750 18,750


12,000 1,000 1,000 1,000 1,000 1,000 1,000
15% 2,813 2,813 2,813 2,813 2,813 2,813
225,000 18,750 18,750 18,750 18,750 18,750 18,750

12,000 1,000 1,000 1,000 1,000 1,000 1,000


15% 2,813 2,813 2,813 2,813 2,813 2,813
80,000 6,667 6,667 6,667 6,667 6,667 6,667

6,000 500 500 500 500 500 500


15% 1,000 1,000 1,000 1,000 1,000 1,000
- - - - - - -

- - - - - - -
15% - - - - - -
53,292 53,292 53,292 53,292 53,292 53,292

225,000 18,750 18,750 18,750 18,750 18,750 18,750

12,000 1,000 1,000 1,000 1,000 1,000 1,000


15% 2,813 2,813 2,813 2,813 2,813 2,813
183,750 15,313 15,313 15,313 15,313 15,313 15,313

6,000 500 500 500 500 500 500


15% 2,297 2,297 2,297 2,297 2,297 2,297
183,750 15,313 15,313 15,313 15,313 15,313 15,313

6,000 500 500 500 500 500 500


15% 15,313 15,313 15,313 15,313 15,313 15,313
183,750 15,313 15,313 15,313 15,313 15,313 15,313

6,000 500 500 500 500 500 500


15% 2,297 2,297 2,297 2,297 2,297 2,297
183,750 15,313 15,313 15,313 15,313 15,313 15,313
12,000 1,000 1,000 1,000 1,000 1,000 1,000
15% 2,297 2,297 2,297 2,297 2,297 2,297
960,000 80,000 80,000 80,000 80,000 80,000 80,000

6,000 500 500 500 500 500 500


15% 12,000 12,000 12,000 12,000 12,000 12,000
201,016 201,016 201,016 201,016 201,016 201,016

660,000 55,000 55,000 55,000 55,000 55,000 55,000

108,000 9,000 9,000 9,000 9,000 9,000 9,000


15% 8,250 8,250 8,250 8,250 8,250 8,250
- - - - - -

- - - - - -
15% - - - - - -
- - - - - -

- - - - - -
15%
72,250 72,250 72,250 72,250 72,250 72,250

- - - - - - -

- - - - - - -
15% - - - - - -
- - - - - -

- - - - - -
15%
- - - - - -
326,557 326,557 326,557 326,557 326,557 326,557
67,391 67,391 67,391 67,391 67,391 67,391
Month 19 Month 20 Month 21 Month 22 Month 23 Month 24 Total

7,500 7,500 30,000


2,219 2,201 2,182 2,164 2,146 2,128 26,752
- - - - - - -
3,000 3,000 3,000 3,000 3,000 3,000 36,000
3,000 3,000 3,000 3,000 3,000 3,000 36,000
- - - - - - -
- - - - - - -
- - - - - - -
-
- - - - - - -
39,633 57,492 82,207 116,761 165,259 232,874 760,116
- - - - - - -
- -
- - - - - - -
4,000 4,000 4,000 4,000 4,000 4,000 48,000
-
-
-
- - - - - - -
5,000 5,000 20,000
-
51,852 69,693 106,889 128,925 177,405 257,503 956,868

- - - - - - -
-
-
-

-
- - - - - - -
-
-
-
-
- - - - - - -
- -
-
-
-
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - -
- - - - - - -
-
-
-
-
- - -
- - - - - - -
- - - - - - -
- -
-
-
-
- -
- -
- - - - - - -
- - - - - - -
- - - - - - -
-
- -
- -
-
- - - - - - -
- - - - - - -
- - - - - -
- - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - -
- - -
- - -
- - - - - - -
- - - - - - -
- - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
132,973 186,162 260,627 364,877 510,828 715,160 2,425,340
- - - - - - -
-
-
-
-
-
-

- - - - - - -
- - -
-
-
- - - - - - -
-
-
-
-
-
132,973 186,162 260,627 364,877 510,828 715,160 2,425,340

259,167 259,167 259,167 259,167 259,167 259,167 3,110,000


- - - - - - -
- - - - - - -
- - - - - - -
259,167 259,167 259,167 259,167 259,167 259,167 3,110,000
-
-
-
15,500 15,500 15,500 15,500 15,500 15,500 186,000
-
- - - - - - -
37,594 37,594 37,594 37,594 37,594 37,594 451,127
- -
- - -
312,261 312,261 312,261 312,261 312,261 312,261 3,747,127

44,167 44,167 44,167 44,167 44,167 44,167 530,000


- - - - - - -
- - - - - - -
- - - - - - -
44,167 44,167 44,167 44,167 44,167 44,167 530,000
17.0% 17.0% 17.0% 17.0% 17.0% 17.0% 17.0%
- - - - - - -
- - - - - - -
- - - - - -
44,167 44,167 44,167 44,167 44,167 44,167 530,000

160,000 160,000 160,000 160,000 160,000 160,000 1,920,000


- - - - - - -
- - - - - - -
- - - - - - -
160,000 160,000 160,000 160,000 160,000 160,000 1,920,000
61.7% 61.7% 61.7% 61.7% 61.7% 61.7% 61.7%
- - - - - - -
- - - - - - -
- - - - - - -
160,000 160,000 160,000 160,000 160,000 160,000 1,920,000

55,000 55,000 55,000 55,000 55,000 55,000 660,000


- - - - - - -
- - - - - - -
- - - - - - -
55,000 55,000 55,000 55,000 55,000 55,000 660,000
21.2% 21.2% 21.2% 21.2% 21.2% 21.2% 21.2%
- - - - - - -
-
- - - - - - -
55,000 55,000 55,000 55,000 55,000 55,000 660,000

- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -

18,750 18,750 18,750 18,750 18,750 18,750


1,000 1,000 1,000 1,000 1,000 1,000
2,813 2,813 2,813 2,813 2,813 2,813
18,750 18,750 18,750 18,750 18,750 18,750

1,000 1,000 1,000 1,000 1,000 1,000


2,813 2,813 2,813 2,813 2,813 2,813
6,667 6,667 6,667 6,667 6,667 6,667

500 500 500 500 500 500


1,000 1,000 1,000 1,000 1,000 1,000
- - - - - -

- - - - - -
- - - - - -
53,292 53,292 53,292 53,292 53,292 53,292

18,750 18,750 18,750 18,750 18,750 18,750

1,000 1,000 1,000 1,000 1,000 1,000


2,813 2,813 2,813 2,813 2,813 2,813
15,313 15,313 15,313 15,313 15,313 15,313

500 500 500 500 500 500


2,297 2,297 2,297 2,297 2,297 2,297
15,313 15,313 15,313 15,313 15,313 15,313

500 500 500 500 500 500


15,313 15,313 15,313 15,313 15,313 15,313
15,313 15,313 15,313 15,313 15,313 15,313

500 500 500 500 500 500


2,297 2,297 2,297 2,297 2,297 2,297
15,313 15,313 15,313 15,313 15,313 15,313
1,000 1,000 1,000 1,000 1,000 1,000
2,297 2,297 2,297 2,297 2,297 2,297
80,000 80,000 80,000 80,000 80,000 80,000

500 500 500 500 500 500


12,000 12,000 12,000 12,000 12,000 12,000
201,016 201,016 201,016 201,016 201,016 201,016

55,000 55,000 55,000 55,000 55,000 55,000

9,000 9,000 9,000 9,000 9,000 9,000


8,250 8,250 8,250 8,250 8,250 8,250
- - - - - -

- - - - - -
- - - - - -
- - - - - -

- - - - - -

72,250 72,250 72,250 72,250 72,250 72,250

- - - - - -

- - - - - -
- - - - - -
- - - - - -

- - - - - -

- - - - - -
326,557 326,557 326,557 326,557 326,557 326,557
67,391 67,391 67,391 67,391 67,391 67,391
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin

Operations & Project Management


Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management

Sales
Sales
Sales
Sales
Sales
Sales
Sales
Sales
Sales
Sales
Sales
Sales
Sales
Sales
Sales
Sales
Sales
Sales
Sales

Marketing & Design


Marketing & Design
Marketing & Design
Marketing & Design
Marketing & Design
Marketing & Design
Marketing & Design
Marketing & Design
Marketing & Design
Marketing & Design
Marketing & Design
Marketing & Design
Marketing & Design
METT YR3 Net Profit 42,943,219
Month 25 Month 26 Month 27 Month 28 Month 29 Month 30 Month 31 Month 32 Month 33 Month 34 Month 35 Month 36 Total
Advertising Revenue
Total Sales 9,699,353 10,523,798 11,418,321 12,388,878 13,441,933 14,584,497 15,824,180 17,169,235 18,628,620 20,212,053 21,930,077 23,794,134 189,615,080

Direct Costs

Agency Commission Costs Creditors 2,424,838 2,630,950 2,854,580 3,097,220 3,360,483 3,646,124 3,956,045 4,292,309 4,657,155 5,053,013 5,482,519 5,948,533 47,403,770
CMS Licencing Fees Creditors 283,470 307,564 333,707 362,073 392,849 426,241 462,471 501,781 544,433 590,710 640,920 695,398 5,541,617
AdmeTV Creditors 363,726 394,642 428,187 464,583 504,072 546,919 593,407 643,846 698,573 757,952 822,378 892,280 7,110,565
Property Roll out / Deployment Costs Creditors 484,968 526,190 570,916 619,444 672,097 729,225 791,209 858,462 931,431 1,010,603 1,096,504 1,189,707 9,480,754
Other Marketing Costs Creditors 290,981 315,714 342,550 371,666 403,258 437,535 474,725 515,077 558,859 606,362 657,902 713,824 5,688,452
Freight Costs Creditors 581,961 631,428 685,099 743,333 806,516 875,070 949,451 1,030,154 1,117,717 1,212,723 1,315,805 1,427,648 11,376,905
Warranty Costs Creditors 145,490 157,857 171,275 185,833 201,629 218,767 237,363 257,539 279,429 303,181 328,951 356,912 2,844,226
Device Support Costs Creditors 193,987 210,476 228,366 247,778 268,839 291,690 316,484 343,385 372,572 404,241 438,602 475,883 3,792,302

Total Direct Costs 4,769,420 5,174,821 5,614,681 6,091,929 6,609,743 7,171,571 7,781,155 8,442,553 9,160,170 9,938,784 10,783,581 11,700,185 93,238,592

Contribution Margin $ 4,929,933 5,348,977 5,803,640 6,296,950 6,832,190 7,412,926 8,043,025 8,726,682 9,468,450 10,273,269 11,146,496 12,093,949 96,376,488
Contribution Margin % 50.8% 50.8% 50.8% 50.8% 50.8% 50.8% 50.8% 50.8% 50.8% 50.8% 50.8% 50.8% 50.8%

Expenses

Other Expenses
Venue Revenue share 1,382,158 1,499,641 1,627,111 1,765,415 1,915,475 2,078,291 2,254,946 2,446,616 2,654,578 2,880,218 3,125,036 3,390,664 27,020,149

Total Other Expenses 1,382,158 1,499,641 1,627,111 1,765,415 1,915,475 2,078,291 2,254,946 2,446,616 2,654,578 2,880,218 3,125,036 3,390,664 27,020,149

Employment Expenses
Salaries & Wages Cash 357,354 357,354 357,354 357,354 357,354 357,354 357,354 357,354 357,354 357,354 357,354 357,354 4,288,252
Allowances Cash - - - - - - - - - - - - -
Bonus/Commissions Cash - - - - - - - - - - - - -
Staff Expenses & Travel Cash 42,000 42,000 42,000 42,000 42,000 42,000 42,000 42,000 42,000 42,000 42,000 42,000 504,000
Burden Costs Cash 26,191 26,191 26,191 26,191 26,191 26,191 26,191 26,191 26,191 26,191 26,191 26,191 314,297
Total Employment Expenses 425,546 425,546 425,546 425,546 425,546 425,546 425,546 425,546 425,546 425,546 425,546 425,546 5,106,549

Employment Expenses as % of Sales 4.4% 4.0% 3.7% 3.4% 3.2% 2.9% 2.7% 2.5% 2.3% 2.1% 1.9% 1.8% 2.7%

Operating & Overhead Expenses


Accountancy Creditors - - 15,000 - - 15,000 - - 15,000 - - 15,000 60,000
Amortisation 2,110 2,093 2,075 2,058 2,041 2,024 2,007 1,990 1,974 1,957 1,941 1,925 24,196
Bank Fees & Charges 6,667 6,667 6,667 6,667 6,667 6,667 6,667 6,667 6,667 6,667 6,667 6,667 80,000
Depreciation 326,693 347,695 370,670 395,780 423,202 453,128 485,766 521,341 560,098 602,305 648,249 698,244 5,833,169
Insurance Creditors 6,667 6,667 6,667 6,667 6,667 6,667 6,667 6,667 6,667 6,667 6,667 6,667 80,000
Interest - - - - - - - - - - - - -
Legal Fees Creditors - - 15,000 - - 15,000 - - 15,000 - - 15,000 60,000
Rent Cash - - - - - - - - - - - - -
SG&A Costs Creditors 775,948 841,904 913,466 991,110 1,075,355 1,166,760 1,265,934 1,373,539 1,490,290 1,616,964 1,754,406 1,903,531 15,169,206
Telephone & Internet Creditors - - - - - - - - - - - - -
Total Operating & Overhead Expenses 1,118,085 1,205,025 1,329,544 1,402,282 1,513,931 1,665,245 1,767,040 1,910,203 2,095,695 2,234,559 2,417,929 2,647,032 21,306,571
Total Expenses 2,925,789 3,130,212 3,382,200 3,593,242 3,854,952 4,169,082 4,447,532 4,782,365 5,175,819 5,540,323 5,968,511 6,463,242 53,433,269

Net Profit 2,004,144 2,218,765 2,421,440 2,703,707 2,977,238 3,243,845 3,595,493 3,944,318 4,292,631 4,732,946 5,177,986 5,630,706 42,943,219
Net Profit as % of Sales 20.7% 21.1% 21.2% 21.8% 22.1% 22.2% 22.7% 23.0% 23.0% 23.4% 23.6% 23.7% 22.6%

EBITDA 2,332,948 2,568,553 2,794,185 3,101,545 3,402,481 3,698,997 4,083,266 4,467,648 4,854,703 5,337,208 5,828,175 6,330,875 48,800,584
EBITDA as % of Sales 24.1% 24.4% 24.5% 25.0% 25.3% 25.4% 25.8% 26.0% 26.1% 26.4% 26.6% 26.6% 25.7%
EBIT 2,004,144 2,218,765 2,421,440 2,703,707 2,977,238 3,243,845 3,595,493 3,944,318 4,292,631 4,732,946 5,177,986 5,630,706 42,943,219
EBIT as % of Sales 20.7% 21.1% 21.2% 21.8% 22.1% 22.2% 22.7% 23.0% 23.0% 23.4% 23.6% 23.7% 22.6%
METT YR3 Net Profit 42,943,219
Month 25 Month 26 Month 27 Month 28 Month 29 Month 30 Month 31 Month 32 Month 33 Month 34 Month 35 Month 36 Total

Balance Sheet

Current Assets

Cash at Bank
Opening Balance (17,706,625) (17,706,625) (18,962,696) (18,443,112) (17,891,643) (17,291,573) (16,590,782) (15,789,100) (14,901,466) (13,883,844) (12,736,953) (11,474,334) (10,049,723)

Cash Receipts
Debtor Receipts 6,385,354 8,939,496 9,699,353 10,523,798 11,418,321 12,388,878 13,441,933 14,584,497 15,824,180 17,169,235 18,628,620 20,212,053

External Finance Inflows - - - - - - - - - - - -

Shareholder Capital - - - - - - - - - - - -

Shareholder Loan Receipts

Cash Payments
Creditor Payments (4,739,229) (5,308,193) (5,808,832) (6,338,019) (6,864,200) (7,443,495) (8,095,547) (8,766,293) (9,505,819) (10,332,734) (11,193,511) (12,139,311)
Cash Payments - - - - - - - - - - - -

Cash Payments (6,667) (6,667) (6,667) (6,667) (6,667) (6,667) (6,667) (6,667) (6,667) (6,667) (6,667) (6,667)
(1,382,158) (1,499,641) (1,627,111) (1,765,415) (1,915,475) (2,078,291) (2,254,946) (2,446,616) (2,654,578) (2,880,218) (3,125,036) (3,390,664)
Stock Purchases (1,082,825) (1,174,866) (1,274,729) (1,383,081) (1,500,643) (1,628,198) (1,766,594) (1,916,755) (2,079,679) (2,256,452) (2,448,250) (2,656,352)

Salaries & Wages (425,546) (425,546) (425,546) (425,546) (425,546) (425,546) (425,546) (425,546) (425,546) (425,546) (425,546) (425,546)

NRE/Tooling Costs - - - - - - - - - - - -
Investment in Plant & Equipment (5,000) (5,000) (5,000) (5,000) (5,000) (5,000) (5,000) (5,000) (5,000) (5,000) (5,000) (5,000)
Investment in Patents & Trademarks - - - - - - - - - - - -
Tax Payments to IRS - - - - - - - - - - - (4,245,184)
Finance Repayments - - - - - - - - - - - -

Closing Balance (18,962,696) (18,443,112) (17,891,643) (17,291,573) (16,590,782) (15,789,100) (14,901,466) (13,883,844) (12,736,953) (11,474,334) (10,049,723) (12,706,393)

Net Cash Flow (1,256,070) 519,583 551,469 600,071 700,791 801,683 887,634 1,017,621 1,146,891 1,262,620 1,424,611 (2,656,670)
Payback Cash (Retain 80% WC) 80% - - - - - - - - - - - - -
Updated Cash at Bank (18,962,696) (18,443,112) (17,891,643) (17,291,573) (16,590,782) (15,789,100) (14,901,466) (13,883,844) (12,736,953) (11,474,334) (10,049,723) (12,706,393) -
- - - - - - - - - - - -
Accounts Receivable
Opening Balance 15,324,850 15,324,850 18,638,849 20,223,152 21,942,119 23,807,200 25,830,812 28,026,431 30,408,677 32,993,415 35,797,855 38,840,673 42,142,130
Prior mnth 2 Prior mnth 1
Sales 6,385,354 8,939,496 9,699,353 10,523,798 11,418,321 12,388,878 13,441,933 14,584,497 15,824,180 17,169,235 18,628,620 20,212,053 21,930,077 23,794,134
Collections Collect 100% 60 Days (6,385,354) (8,939,496) (9,699,353) (10,523,798) (11,418,321) (12,388,878) (13,441,933) (14,584,497) (15,824,180) (17,169,235) (18,628,620) (20,212,053)

Closing Balance 18,638,849 20,223,152 21,942,119 23,807,200 25,830,812 28,026,431 30,408,677 32,993,415 35,797,855 38,840,673 42,142,130 45,724,211

Inventory
Opening Balance 11,762,136 11,762,136 12,518,268 13,345,439 14,249,499 15,236,800 16,314,241 17,489,310 18,770,139 20,165,553 21,685,134 23,339,282 25,139,283

Purchases 224.70 1,082,825 1,174,866 1,274,729 1,383,081 1,500,643 1,628,198 1,766,594 1,916,755 2,079,679 2,256,452 2,448,250 2,656,352
Depreciation - PC Rate 33.33% pa (36 months) (326,693) (347,695) (370,670) (395,780) (423,202) (453,128) (485,766) (521,341) (560,098) (602,305) (648,249) (698,244)
Stock Loss - - - - - - - - - - - -

Closing Balance 12,518,268 13,345,439 14,249,499 15,236,800 16,314,241 17,489,310 18,770,139 20,165,553 21,685,134 23,339,282 25,139,283 27,097,391

Opening Stock Units 55,694 55,694 60,513 65,741 71,415 77,570 84,248 91,494 99,356 107,887 117,142 127,184 138,080

Purchases 4,819 5,229 5,673 6,155 6,678 7,246 7,862 8,530 9,255 10,042 10,896 11,822

COGS

Closing Stock Units 60,513 65,741 71,415 77,570 84,248 91,494 99,356 107,887 117,142 127,184 138,080 149,901

MOQ METT
Lead Time
Min Stock Level METT
METT YR3 Net Profit 42,943,219
Month 25 Month 26 Month 27 Month 28 Month 29 Month 30 Month 31 Month 32 Month 33 Month 34 Month 35 Month 36 Total

Cost Per Unit 224.70

Prepaid Expenses General


Opening Balance - - - - - - - - - - - - -

Annual Expenses

Prepayments Expensed

Closing Balance - - - - - - - - - - - -

Bonds & Security Deposits Available


Opening Balance Balance - - - - - - - - - - - - -

Cash Receipts
Interest Received
New Bonds/Security Deposits

Cash Payments
Cash Out on Maturity
Purchases
Interest Paid 7.10%

Closing Balance - - - - - - - - - - - -

Other Current Assets


Opening Balance - - - - - - - - - - - - -

Movements

Closing Balance - - - - - - - - - - - -

Non-Current Assets

Land & Buildings


Opening Balance OWDV - - - - - - - - - - - - -

Purchases Cash
Creditors
Financed
Sub-Total - - - - - - - - - - - -

Land Freehold (No Depn) - - - - - - - - - - - - -


Sub-Total (Available for Depn) - - - - - - - - - - - -
Depreciation 2.5% - - - - - - - - - - - - -

Closing Balance - - - - - - - - - - - -

GST Cash GST


Creditors GST
Financed GST

Leasehold Improvements
Opening Balance OWDV - - - - - - - - - - - - -

Purchases Cash Office Upgrade -


Creditors
Financed
METT YR3 Net Profit 42,943,219
Month 25 Month 26 Month 27 Month 28 Month 29 Month 30 Month 31 Month 32 Month 33 Month 34 Month 35 Month 36 Total
Sub-Total - - - - - - - - - - - -
Depreciation 2.5% - - - - - - - - - - - - -

Closing Balance - - - - - - - - - - - -

GST Cash GST


Creditors GST
Financed GST

Office & Computer Equipment


Opening Balance OWDV 24,074 24,074 28,105 32,001 35,768 39,409 42,928 46,331 49,620 52,799 55,873 58,843 61,715

Purchases Cash 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
Creditors
Financed
Sub-Total 29,074 33,105 37,001 40,768 44,409 47,928 51,331 54,620 57,799 60,873 63,843 66,715
Depreciation 40.0% (969) (1,103) (1,233) (1,359) (1,480) (1,598) (1,711) (1,821) (1,927) (2,029) (2,128) (2,224) (19,582)

Closing Balance 28,105 32,001 35,768 39,409 42,928 46,331 49,620 52,799 55,873 58,843 61,715 64,491

GST Cash GST


Creditors GST
Financed GST

Fixtures & Fittings


Opening Balance OWDV - - - - - - - - - - - - -

Purchases Cash Replacements - - - - - - - - - - - -


Creditors
Financed
Sub-Total - - - - - - - - - - - -
Depreciation 20.0% - - - - - - - - - - - - -

Closing Balance - - - - - - - - - - - -

GST Cash GST


Creditors GST
Financed GST

Motor Vehicles
Opening Balance OWDV - - - - - - - - - - - - -

Purchases Cash
Creditors
Financed
Sub-Total - - - - - - - - - - - -
Depreciation 25.0% - - - - - - - - - - - - -

Closing Balance - - - - - - - - - - - -

GST Cash GST


Creditors GST
Financed GST

Product Development & Tooling


Opening Balance OWDV 253,248 253,248 251,138 249,045 246,970 244,912 242,871 240,847 238,840 236,849 234,876 232,918 230,977

Purchases Cash NRE Costs


Creditors
Financed
Sub-Total 253,248 251,138 249,045 246,970 244,912 242,871 240,847 238,840 236,849 234,876 232,918 230,977
Amortisation 10.0% (2,110) (2,093) (2,075) (2,058) (2,041) (2,024) (2,007) (1,990) (1,974) (1,957) (1,941) (1,925) (24,196)

Closing Balance 251,138 249,045 246,970 244,912 242,871 240,847 238,840 236,849 234,876 232,918 230,977 229,053

GST Cash GST


Creditors GST
Financed GST

Intangible Assets
Opening Balance OWDV - - - - - - - - - - - - -

Purchases Cash Patents/Trademarks -


Creditors
METT YR3 Net Profit 42,943,219
Month 25 Month 26 Month 27 Month 28 Month 29 Month 30 Month 31 Month 32 Month 33 Month 34 Month 35 Month 36 Total
Financed
Sub-Total - - - - - - - - - - - -
Amortisation 20.0% - - - - - - - - - - - - -

Closing Balance - - - - - - - - - - - -

GST Cash GST


Creditors GST
Financed GST

Total Depreciation Depreciation (969) (1,103) (1,233) (1,359) (1,480) (1,598) (1,711) (1,821) (1,927) (2,029) (2,128) (2,224) (19,582)
Total Amortisation Amortisation (2,110) (2,093) (2,075) (2,058) (2,041) (2,024) (2,007) (1,990) (1,974) (1,957) (1,941) (1,925) (24,196)

Current Liabilities

Accounts Payable
Opening Balance 6,770,327 6,770,327 7,583,133 8,298,332 9,054,313 9,806,000 10,633,564 11,565,067 12,523,276 13,579,741 14,761,048 15,990,729 17,341,872

Purchases - Expenses Creditors 782,615 848,571 950,132 997,777 1,082,021 1,203,426 1,272,601 1,380,205 1,526,956 1,623,631 1,761,073 1,940,197
Purchases - COGS Creditors 4,769,420 5,174,821 5,614,681 6,091,929 6,609,743 7,171,571 7,781,155 8,442,553 9,160,170 9,938,784 10,783,581 11,700,185
Purchases - COGS
Purchases - Assets Creditors - - - - - - - - - - - -
Prepaid Expenses Creditors - - - - - - - - - - - -
GST
Creditor Payments 70% (4,739,229) (5,308,193) (5,808,832) (6,338,019) (6,864,200) (7,443,495) (8,095,547) (8,766,293) (9,505,819) (10,332,734) (11,193,511) (12,139,311)

Closing Balance 7,583,133 8,298,332 9,054,313 9,806,000 10,633,564 11,565,067 12,523,276 13,579,741 14,761,048 15,990,729 17,341,872 18,842,944

Accrued Expenses General


Opening Balance - - - - - - - - - - - - -

Closing Balance - - - - - - - - - - - -

Non-Current Liabilities

External Finance
Opening Balance - - - - - - - - - - - - -

Cash Inflows

Finance Repayments - - - - - - - - - - - - -
Interest 0.0% - - - - - - - - - - - -

Closing Balance - - - - - - - - - - - -

Shareholder Loan Accounts


Opening Balance - - - - - - - - - - - - -

Movements

Closing Balance - - - - - - - - - - - -

Other Provisions Provision for Tax 21%


Opening Balance 975,665 975,665 1,396,535 1,862,476 2,370,978 2,938,757 3,563,977 4,245,184 5,000,238 5,828,544 6,729,997 7,723,916 8,811,293
Tax Payments to IRS (4,245,184)
Provision Movements 420,870 465,941 508,502 567,778 625,220 681,207 755,054 828,307 901,453 993,919 1,087,377 1,182,448

Closing Balance 1,396,535 1,862,476 2,370,978 2,938,757 3,563,977 4,245,184 5,000,238 5,828,544 6,729,997 7,723,916 8,811,293 5,748,557
METT YR3 Net Profit 42,943,219
Month 25 Month 26 Month 27 Month 28 Month 29 Month 30 Month 31 Month 32 Month 33 Month 34 Month 35 Month 36 Total

Balance Sheet Summary

ASSETS

CURRENT ASSETS
Cash on Hand (17,706,625) (18,962,696) (18,443,112) (17,891,643) (17,291,573) (16,590,782) (15,789,100) (14,901,466) (13,883,844) (12,736,953) (11,474,334) (10,049,723) (12,706,393)
Accounts Receivable 15,324,850 18,638,849 20,223,152 21,942,119 23,807,200 25,830,812 28,026,431 30,408,677 32,993,415 35,797,855 38,840,673 42,142,130 45,724,211
Inventory 11,762,136 12,518,268 13,345,439 14,249,499 15,236,800 16,314,241 17,489,310 18,770,139 20,165,553 21,685,134 23,339,282 25,139,283 27,097,391
Prepaid Expenses General - - - - - - - - - - - - -
Bonds & Security Deposits - - - - - - - - - - - - -
Other Current Assets - - - - - - - - - - - - -
TOTAL CURRENT ASSETS 9,380,361 12,194,422 15,125,478 18,299,975 21,752,427 25,554,270 29,726,641 34,277,351 39,275,124 44,746,036 50,705,621 57,231,690 60,115,209

NON-CURRENT ASSETS
Land & Buildings - - - - - - - - - - - - -
Fixtures & Fittings - - - - - - - - - - - - -
Leasehold Improvements - - - - - - - - - - - - -
Office & Computer Equipment 24,074 28,105 32,001 35,768 39,409 42,928 46,331 49,620 52,799 55,873 58,843 61,715 64,491
Motor Vehicles - - - - - - - - - - - - -
Product Development & Tooling 253,248 251,138 249,045 246,970 244,912 242,871 240,847 238,840 236,849 234,876 232,918 230,977 229,053
Intangible Assets - - - - - - - - - - - - -
TOTAL NON-CURRENT ASSETS 277,322 279,242 281,046 282,737 284,320 285,799 287,178 288,460 289,649 290,748 291,762 292,693 293,544
TOTAL ASSETS 9,657,683 12,473,665 15,406,525 18,582,712 22,036,747 25,840,069 30,013,819 34,565,810 39,564,772 45,036,784 50,997,382 57,524,383 60,408,753

LIABILITIES

CURRENT LIABILITIES
Accounts Payable 6,770,327 7,583,133 8,298,332 9,054,313 9,806,000 10,633,564 11,565,067 12,523,276 13,579,741 14,761,048 15,990,729 17,341,872 18,842,944
Accrued Expenses General - - - - - - - - - - - - -
TOTAL CURRENT LIABILITIES 6,770,327 7,583,133 8,298,332 9,054,313 9,806,000 10,633,564 11,565,067 12,523,276 13,579,741 14,761,048 15,990,729 17,341,872 18,842,944

NON CURRENT LIABILITIES


External Finance - - - - - - - - - - - - -
Shareholder Loan Accounts - - - - - - - - - - - - -
Provision for Tax 975,665 1,396,535 1,862,476 2,370,978 2,938,757 3,563,977 4,245,184 5,000,238 5,828,544 6,729,997 7,723,916 8,811,293 5,748,557
TOTAL NON-CURRENT LIABILITIES 975,665 1,396,535 1,862,476 2,370,978 2,938,757 3,563,977 4,245,184 5,000,238 5,828,544 6,729,997 7,723,916 8,811,293 5,748,557
TOTAL LIABILITIES 7,745,992 8,979,669 10,160,808 11,425,291 12,744,756 14,197,541 15,810,251 17,523,513 19,408,285 21,491,045 23,714,645 26,153,165 24,591,501

NET ASSETS 1,911,691 3,493,996 5,245,717 7,157,421 9,291,991 11,642,528 14,203,568 17,042,297 20,156,487 23,545,739 27,282,737 31,371,218 35,817,252
METT YR3 Net Profit 42,943,219
Month 25 Month 26 Month 27 Month 28 Month 29 Month 30 Month 31 Month 32 Month 33 Month 34 Month 35 Month 36 Total

Balance Sheet Reconciliation Opening Retained Earnings 1,911,691 3,494,965 5,247,790 7,160,727 9,296,656 11,648,674 14,211,311 17,051,751 20,167,762 23,558,940 27,297,968 31,388,576

Add Net Profit 2,004,144 2,218,765 2,421,440 2,703,707 2,977,238 3,243,845 3,595,493 3,944,318 4,292,631 4,732,946 5,177,986 5,630,706 42,943,219
Income Tax Expense (420,870) (465,941) (508,502) (567,778) (625,220) (681,207) (755,054) (828,307) (901,453) (993,919) (1,087,377) (1,182,448)
Closing Retained Earnings 3,494,965 5,247,790 7,160,727 9,296,656 11,648,674 14,211,311 17,051,751 20,167,762 23,558,940 27,297,968 31,388,576 35,836,834

Out of Balance (969) (2,073) (3,306) (4,665) (6,145) (7,743) (9,454) (11,274) (13,201) (15,230) (17,358) (19,582)

1,103 1,233 1,359 1,480 1,598 1,711 1,821 1,927 2,029 2,128 2,224

EQUITY

Cash on Hand - - - - - - - - - - - -
Share Capital
Current Year Profits (after Tax) 1,583,274 1,752,824 1,912,937 2,135,929 2,352,018 2,562,637 2,840,440 3,116,011 3,391,179 3,739,027 4,090,609 4,448,258
Retained Earnings 1,911,691 1,911,691 3,494,965 5,247,790 7,160,727 9,296,656 11,648,674 14,211,311 17,051,751 20,167,762 23,558,940 27,297,968 31,388,576 35,836,834

TOTAL EQUITY 1,911,691 3,494,965 5,247,790 7,160,727 9,296,656 11,648,674 14,211,311 17,051,751 20,167,762 23,558,940 27,297,968 31,388,576 35,836,834

Out of Balance - (969) (2,073) (3,306) (4,665) (6,145) (7,743) (9,454) (11,274) (13,201) (15,230) (17,358) (19,582)
METT YR3
Sales & COGS

Revenue

Revenue Assumptions

Units in Field By End YR3 150,901

Monthly Market Growth 8.50%


Gross Revenue per Month Per Unit $ 157.68

Advertising Space Allowed for Venue 0.0%


Net Sales Per Month Per Unit $ 157.68

Annual Sales Loss (Churn Rate) 0%

COGS

Direct Costs Assumptions

Hardware Costs
METT Production Cost Per Unit 210.00
Phone Cost Upfront -
International Freight 7.0%
Landed Hardware Cost Per Unit 224.70

CMS Licensing Fee (per unit) $ 5.00


Creative Realities 5%

Venue Share % of Contribution Margin 20%

Agency Commission % of Sales 25%

Sales Force Deployment Cost % of Sales 5.0%

Attributed % of Units Sold 100.0%

Other Marketing Costs 3.0%


Freight Costs 6.0%

Warranty Costs 1.5%


Device Support Costs 2.0%
NRE Investment -
Net Profit 42,943,219

Month 25

Opening Balance
Total Units in Market 56,694
Units Added to Market 4,819
Total Units in Market 61,513

Revenue Per Unit 158


Discount Until Critical Mass achieved (50k units) 0%
Discounted Revenue 157.68
Total Revenue 9,699,353

-
Total COGS -
Gross Profit 9,699,353
Gross Profit % 100.0%

Agency Commission Costs 2,424,838


CMS Licensing Fee (per unit) 283,470
Creative Realities 363,726
Sales Force Deployment Costs 484,968
Other Marketing Costs 290,981
Freight Costs 581,961
Warranty Costs 145,490
Device Support Costs 193,987
NRE Costs -
Total Direct Costs 4,769,420

Contribution Margin 4,929,933


Contribution Margin % 50.8%
Venue Revenue Share 1,382,158
NRE / Certification Costs -
Month 26 Month 27 Month 28 Month 29 Month 30 Month 31 Month 32

61,513 66,741 72,415 78,570 85,248 92,494 100,356


5,229 5,673 6,155 6,678 7,246 7,862 8,530
66,741 72,415 78,570 85,248 92,494 100,356 108,887

158 158 158 158 158 158 158


0% 0% 0% 0% 0% 0% 0%
157.68 157.68 157.68 157.68 157.68 157.68 157.68
10,523,798 11,418,321 12,388,878 13,441,933 14,584,497 15,824,180 17,169,235

- - - - - - -
- - - - - - -
10,523,798 11,418,321 12,388,878 13,441,933 14,584,497 15,824,180 17,169,235
100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%

2,630,950 2,854,580 3,097,220 3,360,483 3,646,124 3,956,045 4,292,309


307,564 333,707 362,073 392,849 426,241 462,471 501,781
394,642 428,187 464,583 504,072 546,919 593,407 643,846
526,190 570,916 619,444 672,097 729,225 791,209 858,462
315,714 342,550 371,666 403,258 437,535 474,725 515,077
631,428 685,099 743,333 806,516 875,070 949,451 1,030,154
157,857 171,275 185,833 201,629 218,767 237,363 257,539
210,476 228,366 247,778 268,839 291,690 316,484 343,385
- - - - - - -
5,174,821 5,614,681 6,091,929 6,609,743 7,171,571 7,781,155 8,442,553

5,348,977 5,803,640 6,296,950 6,832,190 7,412,926 8,043,025 8,726,682


50.8% 50.8% 50.8% 50.8% 50.8% 50.8% 50.8%
1,499,641 1,627,111 1,765,415 1,915,475 2,078,291 2,254,946 2,446,616
- - - - - - -
Month 33 Month 34 Month 35 Month 36 Total

108,887 118,142 128,184 139,080 150,901


9,255 10,042 10,896 11,822
118,142 128,184 139,080 150,901

158 158 158 158


0% 0% 0% 0%
157.68 157.68 157.68 157.68
18,628,620 20,212,053 21,930,077 23,794,134 189,615,080

- - - - -
- - - - -
18,628,620 20,212,053 21,930,077 23,794,134 189,615,080
100.0% 100.0% 100.0% 100.0% 100.0%

4,657,155 5,053,013 5,482,519 5,948,533 47,403,770


544,433 590,710 640,920 695,398 5,541,617
698,573 757,952 822,378 892,280 7,110,565
931,431 1,010,603 1,096,504 1,189,707 9,480,754
558,859 606,362 657,902 713,824 5,688,452
1,117,717 1,212,723 1,315,805 1,427,648 11,376,905
279,429 303,181 328,951 356,912 2,844,226
372,572 404,241 438,602 475,883 3,792,302
- - - - -
9,160,170 9,938,784 10,783,581 11,700,185 93,238,592

9,468,450 10,273,269 11,146,496 12,093,949 96,376,488


50.8% 50.8% 50.8% 50.8% 50.8%
2,654,578 2,880,218 3,125,036 3,390,664 27,020,149
- - - - -
METT YR3
Overhead & Operating Expense Budget

Overhead Expenses

Accounting Fees
Amortisation
Bad & Doubtful Debts
Bank Fees & Charges

Business Development Expenses


Depreciation
Donations
Filing Fees
Fines
Insurance

Interest
Legal Fees
Staff & Client Gifts
Total Overhead Expeneses

Operating Expenses

Advertising & Promotion

Cleaning & Waste Removal

Commissions/Rebates
Consulting Services

Contractor Services

Electricity & Gas


IT Expenses

Motor Vehicle Expenses

Parking & Tolls

Postage
Printing & Stationery

Rates, Outgoings & Land Taxes

Rent
Repairs & Maintenance
Security
Subscriptions & Memberships
SG&A Costs
Telephone & Internet

Trade Shows & Conferences

Travel - Overseas

Total Operating Expenses

Employment Expenses

Salaries & Wages


Allowances
Bonuses/Commissions
Superannuation - Staff
Total Remuneration
Superannuation - Directors
Payroll Tax Expense
Payroll Processing Costs
Staff Expenses & Travel
Social Security & Medicare
Staff Amenities
Burden Costs
Staff Training
Staff Recruitment & HR
Total Employment Expenses

BY DEPARTMENT Finance/Admin
Salaries & Wages
Allowances
Bonuses/Commissions
Social Security & Medicare
Total Remuneration
% of Total Remuneration
Staff Benefits
Workcover
Consulting Fees
Total Finance/Admin Employment Expenses

Operations & Project Management


Salaries & Wages
Allowances
Bonuses/Commissions
Social Security & Medicare
Total Remuneration
% of Total Remuneration
Staff Benefits
Other
Consulting Fees
Total Finance/Admin Employment Expenses

Sales
Salaries & Wages
Allowances
Bonuses/Commissions
Social Security & Medicare
Total Remuneration
% of Total Remuneration
Staff Benefits
Other
Consulting Fees
Total Finance/Admin Employment Expenses

Marketing & Design


Salaries & Wages
Allowances
Bonuses/Commissions
Social Security & Medicare
Total Remuneration
% of Total Remuneration
Staff Benefits
Other
Consulting Fees
Total Finance/Admin Employment Expenses

BY STAFF MEMBER
Finance/Admin
Total Finance/Admin Remuneration

Operations & Project Management


Total Operations & Project Management Remuneration

Sales

Total Sales Remuneration

Marketing & Design

Total Marketing & Design Remuneration


Total Remuneration
Net Profit 42,943,219

Monthly Bank Fees


Misc IT Support Services & Charges

M/V - Fuel & Oil


M/V - Insurance
M/V - Rego
M/V - Repairs & Maintenance
M/V - Interest
M/V - Other

Office Supplies
Trade Show Allowance Quarterly

Airfares See Department/Employee Breakdown


Accomodation below
Meals
Transport
Other

Salary
Allowances
Bonus
Superannuation

Staff Expenses & Travel

Burden Costs

Salary
Allowances
Bonus
Social Security & Medicare
Staff Benefits (Health Insurance)

Finance/Admin

Salary
Allowances
Bonus
Social Security & Medicare

Staff Benefits (Health Insurance)

Operations

Salary
Allowances
Bonus
Social Security & Medicare

Staff Benefits (Health Insurance)

Sales

Salary
Allowances
Bonus
Social Security & Medicare

Staff Benefits (Health Insurance)

Marketing & Design

CEO Salary
Monthly Pay Increase (Decrease)
Allowances
Bonus
Staff Expenses & Travel
Burden Costs
CFO Salary
Monthly Pay Increase (Decrease)
Allowances
Bonus
Staff Expenses & Travel
Burden Costs
Admin Staff Salary
Monthly Pay Increase (Decrease)
Allowances
Bonus
Staff Expenses & Travel
Burden Costs
Extra Staff Salary
Monthly Pay Increase (Decrease)
Allowances
Bonus
Staff Expenses & Travel
Burden Costs

COO Salary
Monthly Pay Increase (Decrease)
Allowances
Bonus
Staff Expenses & Travel
Burden Costs
CTO/Head of Product/Hardware Salary
Monthly Pay Increase (Decrease)
Allowances
Bonus
Staff Expenses & Travel
Burden Costs
CIO/Head of Network & Data Salary
Monthly Pay Increase (Decrease)
Allowances
Bonus
Staff Expenses & Travel
Burden Costs
Head of Content Salary
Monthly Pay Increase (Decrease)
Allowances
Bonus
Staff Expenses & Travel
Burden Costs
Head of Supply Chain Salary
Monthly Pay Increase (Decrease)
Allowances
Bonus
Staff Expenses & Travel
Burden Costs
Support Staff x 24 Salary
Monthly Pay Increase (Decrease)
Allowances
Bonus
Staff Expenses & Travel
Burden Costs
emuneration

Account Managers Salary


Monthly Pay Increase (Decrease)
Allowances
Bonus
Staff Expenses & Travel
Burden Costs
<Emp Name> Salary
<Emp Role> Monthly Pay Increase (Decrease)
Allowances
Bonus
Staff Expenses & Travel
Burden Costs
<Emp Name> Salary
<Emp Role> Monthly Pay Increase (Decrease)
Allowances
Bonus
Staff Expenses & Travel
Burden Costs

Marketing & Design Staff Salary


Monthly Pay Increase (Decrease)
Allowances
Bonus
Staff Expenses & Travel
Burden Costs
<Emp Name> Salary
<Emp Role> Monthly Pay Increase (Decrease)
Allowances
Bonus
Staff Expenses & Travel
Burden Costs
0

Month 25 Month 26 Month 27 Month 28 Month 29 Month 30

15,000 15,000 15,000


2,110 2,093 2,075 2,058 2,041 2,024
- - - - - - -
6,667 6,667 6,667 6,667 6,667 6,667
80,000 6,667 6,667 6,667 6,667 6,667 6,667
- - - - - -
- - - - - -
- - - - - -

- - - - - - -
326,693 347,695 370,670 395,780 423,202 453,128
- - - - - - -
- -
- - - - - - -
80,000 6,667 6,667 6,667 6,667 6,667 6,667

- - - - - -
15,000 15,000 15,000
-
348,804 369,788 422,745 417,838 445,243 505,152

- - - - - -

- - - - - -

- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- -
- - - - - -

- -
- - - - - -
- - - - - -

- - - -

-
- - - - - -
- - - - - -
- - - - - -

- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- -
- -
- -
- - - - - -
- - - - - -
- -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
8.0% 775,948 841,904 913,466 991,110 1,075,355 1,166,760
- - - - - - -

- - - - - -
- -

- - - - - -

775,948 841,904 913,466 991,110 1,075,355 1,166,760

357,354 357,354 357,354 357,354 357,354 357,354


- - - - - -
- - - - - -
- - - - - -
357,354 357,354 357,354 357,354 357,354 357,354

42,000 42,000 42,000 42,000 42,000 42,000

- - - - - -
26,191 26,191 26,191 26,191 26,191 26,191
-
- - -
425,546 425,546 425,546 425,546 425,546 425,546

55,333 55,333 55,333 55,333 55,333 55,333


- - - - - -
- - - - - -
- - - - - -
55,333 55,333 55,333 55,333 55,333 55,333
15.5% 15.5% 15.5% 15.5% 15.5% 15.5%
- - - - - -
- - - - - -
- - - - - -
55,333 55,333 55,333 55,333 55,333 55,333

245,146 245,146 245,146 245,146 245,146 245,146


- - - - - -
- - - - - -
- - - - - -
245,146 245,146 245,146 245,146 245,146 245,146
68.6% 68.6% 68.6% 68.6% 68.6% 68.6%
- - - - - -
- - - - - -
- - - - - -
245,146 245,146 245,146 245,146 245,146 245,146

56,875 56,875 56,875 56,875 56,875 56,875


- - - - - -
- - - - - -
- - - - - -
56,875 56,875 56,875 56,875 56,875 56,875
15.9% 15.9% 15.9% 15.9% 15.9% 15.9%
- - - - - -

- - - - - -
56,875 56,875 56,875 56,875 56,875 56,875

- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
- - - - - -
- - - - - -
- - - - - -
- - - - - -

250,000 20,833 20,833 20,833 20,833 20,833 20,833


12,000 1,000 1,000 1,000 1,000 1,000 1,000
15% 3,125 3,125 3,125 3,125 3,125 3,125
250,000 20,833 20,833 20,833 20,833 20,833 20,833

12,000 1,000 1,000 1,000 1,000 1,000 1,000


15% 3,125 3,125 3,125 3,125 3,125 3,125
84,000 7,000 7,000 7,000 7,000 7,000 7,000

- - - - - - -
15% 1,050 1,050 1,050 1,050 1,050 1,050
80,000 6,667 6,667 6,667 6,667 6,667 6,667

- - - - - - -
15% 1,000 1,000 1,000 1,000 1,000 1,000
65,633 65,633 65,633 65,633 65,633 65,633

250,000 20,833 20,833 20,833 20,833 20,833 20,833

12,000 1,000 1,000 1,000 1,000 1,000 1,000


15% 3,125 3,125 3,125 3,125 3,125 3,125
192,938 16,078 16,078 16,078 16,078 16,078 16,078

6,000 500 500 500 500 500 500


15% 2,412 2,412 2,412 2,412 2,412 2,412
192,938 16,078 16,078 16,078 16,078 16,078 16,078

6,000 500 500 500 500 500 500


15% 2,412 2,412 2,412 2,412 2,412 2,412
192,938 16,078 16,078 16,078 16,078 16,078 16,078

6,000 500 500 500 500 500 500


15% 2,412 2,412 2,412 2,412 2,412 2,412
192,938 16,078 16,078 16,078 16,078 16,078 16,078
- - - - - - -
15% 2,412 2,412 2,412 2,412 2,412 2,412
1,920,000 160,000 160,000 160,000 160,000 160,000 160,000

432,000 36,000 36,000 36,000 36,000 36,000 36,000


15% 24,000 24,000 24,000 24,000 24,000 24,000
320,418 320,418 320,418 320,418 320,418 320,418

682,500 56,875 56,875 56,875 56,875 56,875 56,875

18,000 1,500 1,500 1,500 1,500 1,500 1,500


15% 8,531 8,531 8,531 8,531 8,531 8,531
- - - - - -

- - - - - -
15%
- - - - - -

- - - - - -
15%
66,906 66,906 66,906 66,906 66,906 66,906

- - - - - - -

- - - - - - -
15% - - - - - -
- - - - - -

- - - - - -
15%
- - - - - -
452,957 452,957 452,957 452,957 452,957 452,957
95,603 95,603 95,603 95,603 95,603 95,603
Month 31 Month 32 Month 33 Month 34 Month 35 Month 36 Total

15,000 15,000 60,000


2,007 1,990 1,974 1,957 1,941 1,925 24,196
- - - - - - -
6,667 6,667 6,667 6,667 6,667 6,667 80,000
6,667 6,667 6,667 6,667 6,667 6,667 80,000
- - - - - - -
- - - - - - -
- - - - - - -
-
- - - - - - -
485,766 521,341 560,098 602,305 648,249 698,244 5,833,169
- - - - - - -
- -
- - - - - - -
6,667 6,667 6,667 6,667 6,667 6,667 80,000
-
-
-
- - - - - - -
15,000 15,000 60,000
-
507,773 543,331 612,072 624,262 670,190 750,168 6,217,365

- - - - - - -
-
-
-

-
- - - - - - -
-
-
-
-
- - - - - - -
- -
-
-
-
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - -
- - - - - - -
-
-
-
-
- - -
- - - - - - -
- - - - - - -
- -
-
-
-
- -
- -
- - - - - - -
- - - - - - -
- - - - - - -
-
- -
- -
-
- - - - - - -
- - - - - - -
- - - - - -
- - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - -
- - -
- - -
- - - - - - -
- - - - - - -
- - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
1,265,934 1,373,539 1,490,290 1,616,964 1,754,406 1,903,531 15,169,206
- - - - - - -
-
-
-
-
-
-

- - - - - - -
- - -
-
-
- - - - - - -
-
-
-
-
-
1,265,934 1,373,539 1,490,290 1,616,964 1,754,406 1,903,531 15,169,206

357,354 357,354 357,354 357,354 357,354 357,354 4,288,252


- - - - - - -
- - - - - - -
- - - - - - -
357,354 357,354 357,354 357,354 357,354 357,354 4,288,252
-
-
-
42,000 42,000 42,000 42,000 42,000 42,000 504,000
-
- - - - - - -
26,191 26,191 26,191 26,191 26,191 26,191 314,297
- -
- - -
425,546 425,546 425,546 425,546 425,546 425,546 5,106,549

55,333 55,333 55,333 55,333 55,333 55,333 664,000


- - - - - - -
- - - - - - -
- - - - - - -
55,333 55,333 55,333 55,333 55,333 55,333 664,000
15.5% 15.5% 15.5% 15.5% 15.5% 15.5% 15.5%
- - - - - - -
- - - - - - -
- - - - - -
55,333 55,333 55,333 55,333 55,333 55,333 664,000

245,146 245,146 245,146 245,146 245,146 245,146 2,941,752


- - - - - - -
- - - - - - -
- - - - - - -
245,146 245,146 245,146 245,146 245,146 245,146 2,941,752
68.6% 68.6% 68.6% 68.6% 68.6% 68.6% 68.6%
- - - - - - -
- - - - - - -
- - - - - - -
245,146 245,146 245,146 245,146 245,146 245,146 2,941,752

56,875 56,875 56,875 56,875 56,875 56,875 682,500


- - - - - - -
- - - - - - -
- - - - - - -
56,875 56,875 56,875 56,875 56,875 56,875 682,500
15.9% 15.9% 15.9% 15.9% 15.9% 15.9% 15.9%
- - - - - - -
-
- - - - - - -
56,875 56,875 56,875 56,875 56,875 56,875 682,500

- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -

20,833 20,833 20,833 20,833 20,833 20,833


1,000 1,000 1,000 1,000 1,000 1,000
3,125 3,125 3,125 3,125 3,125 3,125
20,833 20,833 20,833 20,833 20,833 20,833

1,000 1,000 1,000 1,000 1,000 1,000


3,125 3,125 3,125 3,125 3,125 3,125
7,000 7,000 7,000 7,000 7,000 7,000

- - - - - -
1,050 1,050 1,050 1,050 1,050 1,050
6,667 6,667 6,667 6,667 6,667 6,667

- - - - - -
1,000 1,000 1,000 1,000 1,000 1,000
65,633 65,633 65,633 65,633 65,633 65,633

20,833 20,833 20,833 20,833 20,833 20,833

1,000 1,000 1,000 1,000 1,000 1,000


3,125 3,125 3,125 3,125 3,125 3,125
16,078 16,078 16,078 16,078 16,078 16,078

500 500 500 500 500 500


2,412 2,412 2,412 2,412 2,412 2,412
16,078 16,078 16,078 16,078 16,078 16,078

500 500 500 500 500 500


2,412 2,412 2,412 2,412 2,412 2,412
16,078 16,078 16,078 16,078 16,078 16,078

500 500 500 500 500 500


2,412 2,412 2,412 2,412 2,412 2,412
16,078 16,078 16,078 16,078 16,078 16,078
- - - - - -
2,412 2,412 2,412 2,412 2,412 2,412
160,000 160,000 160,000 160,000 160,000 160,000

36,000 36,000 36,000 36,000 36,000 36,000


24,000 24,000 24,000 24,000 24,000 24,000
320,418 320,418 320,418 320,418 320,418 320,418

56,875 56,875 56,875 56,875 56,875 56,875

1,500 1,500 1,500 1,500 1,500 1,500


8,531 8,531 8,531 8,531 8,531 8,531
- - - - - -

- - - - - -

- - - - - -

- - - - - -

66,906 66,906 66,906 66,906 66,906 66,906

- - - - - -

- - - - - -
- - - - - -
- - - - - -

- - - - - -

- - - - - -
452,957 452,957 452,957 452,957 452,957 452,957
95,603 95,603 95,603 95,603 95,603 95,603
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin
Finance/Admin

Operations & Project Management


Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management
Operations & Project Management

Sales
Sales
Sales
Sales
Sales
Sales
Sales
Sales
Sales
Sales
Sales
Sales
Sales
Sales
Sales
Sales
Sales
Sales
Sales

Marketing & Design


Marketing & Design
Marketing & Design
Marketing & Design
Marketing & Design
Marketing & Design
Marketing & Design
Marketing & Design
Marketing & Design
Marketing & Design
Marketing & Design
Marketing & Design
Marketing & Design

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