Free Elective Exercise No. 1-Balanced
Free Elective Exercise No. 1-Balanced
Note - These are projections based on assumptions, actual results may vary based on performance
List of Assumptions
1. Marketing Assumptions
Number of Operating Days / Month
Number of Cups Sold / Day (Month 1)
Selling Price / Cup (PhP)
COGS / Cup (PhP)
Yearly Price Increase
Credit Terms to Buyers
30
30
15.00
4.00
8%
0
FINANCIAL ANALYSIS
2. Financial Assumptions
Yearly Cost Increase
Royalty Fees
Corporate Income Tax
Exchange Rate US$-PhP
Inflation
Interest Rate
7%
5%
35%
42
7%
12%
54,499,181
134%
1.22
ABC Corporation
Service Centers
Total Number of Cups Sold
Revenues
Royalties
Cost of Goods Sold
Gross Income
Gross Profit Margin
Fix Costs
Net Profits before Taxes
Net Profit Margin
Taxes
Net Profits After Taxes
Initial Investment @ Year 1
Cummulative NPBT - 10 Years
Cummulative NPAT - 10 Years
Payback (months)
Internal Rate of Return
1
774,000
10,057,500
2,682,000
7,375,500
73%
1,811,400
5,564,100
55%
834,615
4,729,485
4,733,999
352,785,993
299,868,094
1.22
134%
2
1,134,000
18,200,700
4,853,520
13,347,180
73%
2,021,610
11,325,570
62%
1,698,836
9,626,735
3
1,494,000
25,657,209
6,841,922
18,815,287
73%
2,516,735
16,298,552
64%
2,444,783
13,853,769
4
1,854,000
34,068,446
9,084,919
24,983,527
73%
3,038,118
21,945,409
64%
3,291,811
18,653,598
5
2,214,000
43,531,535
11,608,409
31,923,126
73%
3,587,178
28,335,948
65%
4,250,392
24,085,556
6
2,574,000
54,152,522
14,440,673
39,711,850
73%
4,165,412
35,546,438
66%
5,331,966
30,214,472
7
2,934,000
66,047,143
17,612,571
48,434,571
73%
4,774,398
43,660,174
66%
6,549,026
37,111,148
8
3,294,000
79,341,663
21,157,777
58,183,886
73%
5,415,802
52,768,084
67%
7,915,213
44,852,871
9
3,654,000
94,173,785
25,113,009
69,060,775
73%
6,091,384
62,969,391
67%
9,445,409
53,523,982
10
4,014,000
110,693,629
29,518,301
81,175,328
73%
6,803,000
74,372,328
67%
11,155,849
63,216,479
ABC Corporation
Service Centers
Financing Structure
RMC Investment Component
Saeco Royal Coffee Machines
Saeco Steel Manual Espresso
Necta Colibri Automatic Espresso
Bunn Airpot Kit (1 Brewer + 2 Air Pots)
VKI Piccolina Coffee Machines
RMC Black Base Cabinet
RMC Water Pump
RMC Water Filter
RMC Condiment Racks
RMC Waste Basket
RMC Franchise Fee
Exclusive Territory for 10 Years
RMC Technical & Marketing Training Program
RMC Technical & Marketing Support Program
RMC Monitoring Program
28
0
1
4
10
10
10
10
10
10
1
1
1
1
1
75,000
250,000
266,666
71,000
133,333
PHP
2,100,000
266,666
284,000
1,333,333
750,000
750,000
3,983,999
92,651
43
Average
4,733,999
SOURCES OF CAPITAL
Equity
Debt
PHP
4,733,999
4,733,999
100%
0%
Month
PhP
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
TOTAL
-
ABC Corporation
Service Centers
Operating Expenses
Inflation
Description
7%
Space Rental
Space rental
Per m2
Quantity/
Allocation
100
1
Monthly Factor
100.00
10,000
Annually
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
12
120,000
120,000
128,400
128,400
137,388
137,388
147,005
147,005
157,296
157,296
168,306
168,306
180,088
180,088
192,694
192,694
206,182
206,182
220,615
220,615
Telecommunications
Main Line
Cell Phone
1
2
800
350
1,150
12
12
9,600
8,400
18,000
10,272
8,988
19,260
10,991
9,617
20,608
11,760
10,290
22,051
12,584
11,011
23,594
13,464
11,781
25,246
14,407
12,606
27,013
15,416
13,489
28,904
16,495
14,433
30,927
17,649
15,443
33,092
1
1
5,000
10,000
12
12
60,000
120,000
180,000
64,200
128,400
192,600
68,694
137,388
206,082
73,503
147,005
220,508
78,648
157,296
235,943
84,153
168,306
252,459
90,044
180,088
270,131
96,347
192,694
289,041
103,091
206,182
309,274
110,308
220,615
330,923
1
1
10,000
20,000
13
13
130,000
260,000
390,000
139,100
278,200
417,300
148,837
297,674
446,511
159,256
318,511
477,767
170,403
340,807
511,210
182,332
364,663
546,995
195,095
390,190
585,285
208,752
417,503
626,255
223,364
446,728
670,093
239,000
477,999
716,999
1
1
10,000
5,000
12
12
120,000
60,000
180,000
128,400
64,200
192,600
137,388
68,694
206,082
147,005
73,503
220,508
157,296
78,648
235,943
168,306
84,153
252,459
180,088
90,044
270,131
192,694
96,347
289,041
206,182
103,091
309,274
220,615
110,308
330,923
1
1
25,000
50,000
13
1
325,000
50,000
375,000
347,750
53,500
401,250
372,093
57,245
429,338
398,139
61,252
459,391
426,009
65,540
491,549
455,829
70,128
525,957
487,737
75,037
562,774
521,879
80,289
602,168
558,411
85,909
644,320
597,499
91,923
689,422
1,263,000
105,250
1,351,410
112,618
1,446,009
120,501
1,547,229
128,936
1,655,535
137,961
1,771,423
147,619
1,895,422
157,952
2,028,102
169,009
2,170,069
180,839
2,321,974
193,498
Utility Services
Electricity
Gazoline
Salaries and Benefits
Technician & Router
Marketing
Marketing & Office Supplies
Marketing Material
Office Supplies
Professional Services
Accounting
Auditing Services
Yearly
Monthly
ABC Corporation
Service Centers
AMORTIZATION EXPENSE
PhP
Project Set-up and Technology Transfer Cost
RMC Franchise Fee
RMC Technical & Marketing Training Program
RMC Technical & Marketing Support Program
RMC Monitoring Program
Accum. Ammortization
NET BOOK VALUE
750,000
-
Amortization
Period
10
10
10
10
Year 1
Year 2
Year 3
Year 4
AMORTIZATION EXPENSE
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
75,000
75,000
75,000
75,000
75,000
75,000
75,000
75,000
75,000
75,000
75,000
75,000
75,000
75,000
75,000
75,000
75,000
75,000
75,000
75,000
75,000
75,000
75,000
75,000
75,000
75,000
75,000
75,000
75,000
75,000
(75,000)
(75,000)
(75,000)
(75,000)
(75,000)
(75,000)
(75,000)
(75,000)
(75,000)
(75,000)
ABC Corporation
Service Centers
SCHEDULE OF PROPERTY & EQUIPT. & DEPRECIATION
Inflation Rate
COSTS
VKI Piccolina Coffee Machines
Total Acquisitions for the year
Total Cummulative Acquisitions
DEPRECIATION EXPENSE
VKI Piccolina Coffee Machines
New Machine Investments
Qty.
1
Unit Cost
PhP
4,733,999
Useful Lives
10
Total Costs
Yr. 0
4,733,999
4,733,999
4,733,999
Total Costs
4,733,999
4,000,000
4,200,000
4,410,000
4,630,500
4,862,025
5,105,126
5,360,383
5,628,402
5,909,822
6,205,313
55,045,569
1.07
1.14
1.23
1.31
1.40
1.50
1.61
1.72
1.84
Year 1
4,000,000
4,000,000
8,733,999
Year 2
4,200,000
4,200,000
12,933,999
Year 3
4,410,000
4,410,000
17,343,999
Year 4
4,630,500
4,630,500
21,974,499
Year 5
4,862,025
4,862,025
26,836,524
Year 6
5,105,126
5,105,126
31,941,651
Year 7
5,360,383
5,360,383
37,302,033
Year 8
5,628,402
5,628,402
42,930,435
Year 9
5,909,822
5,909,822
48,840,257
Year 10
6,205,313
6,205,313
55,045,569
473,400
473,400
400,000
473,400
400,000
420,000
473,400
400,000
420,000
441,000
473,400
400,000
420,000
441,000
463,050
473,400
400,000
420,000
441,000
463,050
486,203
473,400
400,000
420,000
441,000
463,050
486,203
510,513
473,400
400,000
420,000
441,000
463,050
486,203
510,513
536,038
473,400
400,000
420,000
441,000
463,050
486,203
510,513
536,038
562,840
473,400
400,000
420,000
441,000
463,050
486,203
510,513
536,038
562,840
590,982
473,400
473,400
8,260,599
873,400
1,346,800
11,587,199
1,293,400
2,640,200
14,703,800
1,734,400
4,374,600
17,599,900
2,197,450
6,572,050
20,264,475
2,683,652
9,255,702
22,685,948
3,194,165
12,449,867
24,852,166
3,730,203
16,180,070
26,750,364
4,293,043
20,473,114
28,367,143
4,884,026
25,357,140
29,688,430
ABC Corporation
Service Centers
Income and Expense Statement
Revenue from Coffee Services
Number of Coffee Stations
0
Number of Operating Days / Month
Growth
Cup Solds / Days
0
Total Number of Cups Sold per Month
Selling Price / Cup
15.00
Income Before Royalties
PHP
Payment of Royalties
0%
Income After Royalties
Month 1
January
10
30
50
15,000
15.00
225,000
225,000
Month 2
February
20
30
50
30,000
15.00
450,000
450,000
Month 3
March
30
30
50
45,000
15.00
675,000
675,000
Month 4
April
43
30
50
64,500
15.00
967,500
967,500
Month 5
May
43
30
50
64,500
15.00
967,500
967,500
Month 6
June
43
30
50
64,500
15.00
967,500
967,500
Month 7
July
43
30
50
64,500
15.00
967,500
967,500
Month 8
August
43
30
50
64,500
15.00
967,500
967,500
Month 9
September
43
30
50
64,500
15.00
967,500
967,500
30
100
10.00
-
30
100
10.00
-
30
100
10.00
-
30
100
10.00
-
30
100
10.00
-
30
100
10.00
-
30
100
10.00
-
30
100
10.00
-
30
100
10.00
-
225,000
450,000
675,000
967,500
967,500
967,500
967,500
967,500
967,500
4.0
PHP
PHP
Fix Costs
Space Rental
Telecommunications
Electricity
Gazoline
Salaries & Benefits
Marketing & Office Supplies
Professional Services
Operating Income
Add(deduct) Other Income (Expenses)
Capital & Interest Fees
Net Income Before Tax
Income Tax
0%
PHP
Month 10
October
43
30
50
64,500
15.00
967,500
967,500
Month 11
November
43
30
50
64,500
15.00
967,500
967,500
30
100
-
Month 12
December
43
30
50
64,500
15.00
967,500
967,500
30
100
-
TOTAL
670,500
10,057,500
10,057,500
30
100
-
10.00
-
10.00
-
10.00
-
967,500
967,500
967,500
4.00
60,000
4.00
120,000
4.00
180,000
4.00
258,000
4.00
258,000
4.00
258,000
4.00
258,000
4.00
258,000
4.00
258,000
4.00
258,000
4.00
258,000
4.00
258,000
165,000
73%
330,000
73%
495,000
73%
709,500
73%
709,500
73%
709,500
73%
709,500
73%
709,500
73%
709,500
73%
709,500
73%
709,500
73%
709,500
73%
10,057,500
2,682,000
7,375,500
73%
10,000
1,500
5,000
10,000
32,500
15,000
31,250
105,250
10,000
1,500
5,000
10,000
32,500
15,000
31,250
105,250
10,000
1,500
5,000
10,000
32,500
15,000
31,250
105,250
10,000
1,500
5,000
10,000
32,500
15,000
31,250
105,250
10,000
1,500
5,000
10,000
32,500
15,000
31,250
105,250
10,000
1,500
5,000
10,000
32,500
15,000
31,250
105,250
10,000
1,500
5,000
10,000
32,500
15,000
31,250
105,250
10,000
1,500
5,000
10,000
32,500
15,000
31,250
105,250
10,000
1,500
5,000
10,000
32,500
15,000
31,250
105,250
10,000
1,500
5,000
10,000
32,500
15,000
31,250
105,250
10,000
1,500
5,000
10,000
32,500
15,000
31,250
105,250
10,000
1,500
5,000
10,000
32,500
15,000
31,250
105,250
120,000
18,000
60,000
120,000
390,000
180,000
375,000
1,263,000
59,750
224,750
389,750
604,250
604,250
604,250
604,250
604,250
604,250
604,250
604,250
604,250
6,112,500
224,750
0
389,750
0
604,250
0
604,250
0
604,250
0
604,250
0
604,250
0
604,250
0
604,250
0
604,250
0
604,250
0
6,112,500
224,750
389,750
604,250
604,250
604,250
604,250
604,250
604,250
604,250
6,112,500
50%
58%
62%
62%
62%
62%
62%
62%
59,750
0
59,750
27%
604,250
62%
604,250
62%
62%
Collection of Receivables
Revenues
Add: Accounts Receivable, Beg.
Total
Accounts Receivable,End
Collection of Receivables
225,000
225,000
225,000
450,000
450,000
450,000
675,000
675,000
675,000
967,500
967,500
967,500
967,500
967,500
967,500
967,500
967,500
967,500
967,500
967,500
967,500
967,500
967,500
967,500
967,500
967,500
967,500
967,500
967,500
967,500
967,500
967,500
967,500
967,500
967,500
967,500
Payment of Expenses
Total Expenses
119,000
Less: Non-cash Expenses
Cash Expenses
119,000
Add: Accounts Payable, Beg. Bal.
Total
119,000
Less: Accounts Payable, End - 1 mo.of professional fees Payment of Expenses
119,000
179,000
179,000
179,000
179,000
239,000
239,000
239,000
239,000
317,000
317,000
317,000
317,000
317,000
317,000
317,000
317,000
317,000
317,000
317,000
317,000
317,000
317,000
317,000
317,000
317,000
317,000
317,000
317,000
317,000
317,000
317,000
317,000
317,000
317,000
317,000
317,000
317,000
317,000
317,000
317,000
317,000
317,000
317,000
317,000
ABC Corporation
Year 1
Revenue from Coffee Services
Number of Coffee Stations
20
Number of Operating Days / Month
Growth
Cup Solds / Days
0
Total Number of Cups Sold / Year
Selling Price / Cup
15.00
Income Before Royalties
Payment of Royalties
0%
7%
4.00
Gross Income
Gross Profit Margin
Year 2
43
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
TOTAL
50
774,000
15.00
10,057,500
10,057,500
63
30
50
1,134,000
16.05
18,200,700
18,200,700
83
30
50
1,494,000
17.17
25,657,209
25,657,209
103
30
50
1,854,000
18.38
34,068,446
34,068,446
123
30
50
2,214,000
19.66
43,531,535
43,531,535
143
30
50
2,574,000
21.04
54,152,522
54,152,522
163
30
50
2,934,000
22.51
66,047,143
66,047,143
183
30
50
3,294,000
24.09
79,341,663
79,341,663
203
30
50
3,654,000
25.77
94,173,785
94,173,785
223
30
50
4,014,000
27.58
110,693,629
110,693,629
30
100
10.00
-
30
100
10.70
-
30
100
11.45
-
30
100
12.25
-
30
100
13.11
-
30
100
14.03
-
30
100
15.01
-
30
100
16.06
-
30
100
17.18
-
30
100
18.38
-
10,057,500
18,200,700
25,657,209
34,068,446
43,531,535
54,152,522
66,047,143
79,341,663
94,173,785
110,693,629
30
4.00
2,682,000
4.28
4,853,520
4.58
6,841,922
4.90
9,084,919
5.24
11,608,409
5.61
14,440,673
6.00
17,612,571
6.42
21,157,777
6.87
25,113,009
7.35
29,518,301
7,375,500
73%
13,347,180
73%
18,815,287
73%
24,983,527
73%
31,923,126
73%
39,711,850
73%
48,434,571
73%
58,183,886
73%
69,060,775
73%
81,175,328
73%
535,924,132
535,924,132
535,924,132
142,913,102
393,011,030
Fix Costs
Space Rental
Telecommunications
Electricity
Gazoline
Salaries & Benefits
Marketing & Office Supplies
Professional Services
Amortization
Depreciation
Total Fix Costs
120,000
18,000
60,000
120,000
390,000
180,000
375,000
75,000
473,400
1,811,400
128,400
19,260
64,200
128,400
139,100
192,600
401,250
75,000
873,400
2,021,610
137,388
20,608
68,694
137,388
148,837
206,082
429,338
75,000
1,293,400
2,516,735
147,005
22,051
73,503
147,005
159,256
220,508
459,391
75,000
1,734,400
3,038,118
157,296
23,594
78,648
157,296
170,403
235,943
491,549
75,000
2,197,450
3,587,178
168,306
25,246
84,153
168,306
182,332
252,459
525,957
75,000
2,683,652
4,165,412
180,088
27,013
90,044
180,088
195,095
270,131
562,774
75,000
3,194,165
4,774,398
192,694
28,904
96,347
192,694
208,752
289,041
602,168
75,000
3,730,203
5,415,802
206,182
30,927
103,091
206,182
223,364
309,274
644,320
75,000
4,293,043
6,091,384
220,615
33,092
110,308
220,615
239,000
330,923
689,422
75,000
4,884,026
6,803,000
40,225,037
5,564,100
11,325,570
16,298,552
21,945,409
28,335,948
35,546,438
43,660,174
52,768,084
62,969,391
74,372,328
352,785,993
4,000,000
-
4,200,000
-
4,410,000
-
4,630,500
-
4,862,025
-
5,105,126
-
5,360,383
-
5,628,402
-
5,909,822
-
6,205,313
-
50,311,570
302,474,423
1,564,100
7,125,570
11,888,552
17,314,909
23,473,923
30,441,312
38,299,791
47,139,682
57,059,569
68,167,015
30%
469,230
2,137,671
3,566,566
5,194,473
7,042,177
9,132,393
11,489,937
14,141,905
17,117,871
20,450,104
PhP
1,094,870
4,987,899
8,321,986
12,120,436
16,431,746
21,308,918
26,809,854
32,997,778
39,941,699
47,716,910
1,094,870
6,082,769
14,404,755
26,525,192
42,956,938
64,265,856
91,075,710
124,073,487
164,015,186
211,732,096
Retained Earnings
11%
2,112,500
21%
27%
8,073,970
44%
32%
13,256,952
52%
36%
19,124,309
56%
38%
25,746,373
59%
39%
33,199,964
61%
41%
41,568,956
63%
42%
50,944,886
64%
42%
61,427,613
65%
43%
73,126,041
66%
211,732,096
328,581,563
Total Expenses
Less: Non-cash Expenses
Cash Expenses
Add: Accounts Payable, Beg. Bal.
Total
Less: Accounts Payable, End
55%
62%
64%
64%
65%
10,057,500
10,057,500
10,057,500
18,200,700
18,200,700
18,200,700
25,657,209
25,657,209
25,657,209
34,068,446
34,068,446
34,068,446
43,531,535
43,531,535
43,531,535
4,493,400
548,400
3,945,000
3,945,000
828,000
6,875,130
948,400
5,926,730
828,000
6,754,730
1,351,410
9,358,657
1,368,400
7,990,257
1,351,410
9,341,667
1,446,009
12,123,037
1,809,400
10,313,637
1,446,009
11,759,646
1,547,229
15,195,588
2,272,450
12,923,138
1,547,229
14,470,367
1,655,535
1.41
0
66%
66%
67%
67%
67%
54,152,522
54,152,522
54,152,522
66,047,143
66,047,143
66,047,143
79,341,663
79,341,663
79,341,663
94,173,785
94,173,785
94,173,785
110,693,629
110,693,629
110,693,629
18,606,084
2,758,652
15,847,432
1,655,535
17,502,967
1,771,423
22,386,969
3,269,165
19,117,804
1,771,423
20,889,227
1,895,422
26,573,579
3,805,203
22,768,376
1,895,422
24,663,798
2,028,102
31,204,393
4,368,043
26,836,350
2,028,102
28,864,452
2,170,069
36,321,301
4,959,026
31,362,276
2,170,069
33,532,345
2,321,974
Payment of Expenses
3,117,000
5,403,320
7,895,658
10,212,416
12,814,832
15,731,545
18,993,804
22,635,696
26,694,383
31,210,371
ABC Corporation
Service Centers
Balance Sheet
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
84,875,374
84,875,374
117,435,937
117,435,937
157,023,564
157,023,564
204,451,240
204,451,240
260,611,314
260,611,314
21,974,499
26,836,524
31,941,651
37,302,033
42,930,435
48,840,257
17,343,999
(4,374,600)
12,969,400
21,974,499
(6,572,050)
15,402,450
26,836,524
(9,255,702)
17,580,822
31,941,651
(12,449,867)
19,491,783
37,302,033
(16,180,070)
21,121,963
42,930,435
(20,473,114)
22,457,321
48,840,257
(25,357,140)
23,483,117
(300,000)
(375,000)
(450,000)
(525,000)
(600,000)
(675,000)
(750,000)
Assets
Short Term Assets
Cash
Receivables
Total Other Current Assets
2,940,500
2,940,500
11,068,650
11,068,650
22,282,530
22,282,530
37,941,493
37,941,493
58,601,699
58,601,699
4,733,999
8,733,999
12,933,999
17,343,999
Total
Less: Accum. Depreciation
Net
4,733,999
(473,400)
4,260,599
8,733,999
(1,346,800)
7,387,199
12,933,999
(2,640,200)
10,293,800
(75,000)
(150,000)
(225,000)
Total Assets
Year 10
7,126,099
18,305,849
32,351,329
50,610,893
73,629,149
102,006,196
136,402,720
177,545,527
226,233,560
283,344,431
828,000
469,230
1,297,230
1,297,230
1,351,410
2,137,671
3,489,081
3,489,081
1,446,009
3,566,566
5,012,574
5,012,574
1,547,229
5,194,473
6,741,702
6,741,702
1,655,535
7,042,177
8,697,712
8,697,712
1,771,423
9,132,393
10,903,816
10,903,816
1,895,422
11,489,937
13,385,360
13,385,360
2,028,102
14,141,905
16,170,007
16,170,007
2,170,069
17,117,871
19,287,940
19,287,940
2,321,974
20,450,104
22,772,078
22,772,078
Shareholder Equity
Capital Stock
Retained Earnings
Total Shareholders' Equity
4,733,999
1,094,870
5,828,869
8,733,999
6,082,769
14,816,768
12,933,999
14,404,755
27,338,755
17,343,999
26,525,192
43,869,191
21,974,499
42,956,938
64,931,437
26,836,524
64,265,856
91,102,380
31,941,651
91,075,710
123,017,360
37,302,033
124,073,487
161,375,520
42,930,435
164,015,186
206,945,620
48,840,257
211,732,096
260,572,353
7,126,099
18,305,849
32,351,329
50,610,893
73,629,149
102,006,196
136,402,720
177,545,527
226,233,560
283,344,431
ABC Corporation
Service Centers
PROJECTED CASH FLOWS STATEMENTS (PHP)
Year 0
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
10,057,500
(3,117,000)
6,940,500
18,200,700
(5,403,320)
(469,230)
12,328,150
25,657,209
(7,895,658)
(2,137,671)
15,623,880
34,068,446
(10,212,416)
(3,566,566)
20,289,464
43,531,535
(12,814,832)
(5,194,473)
25,522,231
54,152,522
(15,731,545)
(7,042,177)
31,378,801
66,047,143
(18,993,804)
(9,132,393)
37,920,945
79,341,663
(22,635,696)
(11,489,937)
45,216,029
94,173,785
(26,694,383)
(14,141,905)
53,337,497
110,693,629
(31,210,371)
(17,117,871)
62,365,388
(4,000,000)
(4,000,000)
(4,200,000)
(4,200,000)
(4,410,000)
(4,410,000)
(4,630,500)
(4,630,500)
(4,862,025)
(4,862,025)
(5,105,126)
(5,105,126)
(5,360,383)
(5,360,383)
(5,628,402)
(5,628,402)
(5,909,822)
(5,909,822)
(4,733,999)
(4,733,999)
4,733,999
4,733,999
(6,205,313)
(6,205,313)
2,940,500
-
8,128,150
2,940,500
11,213,880
11,068,650
15,658,964
22,282,530
20,660,206
37,941,493
26,273,675
58,601,699
32,560,562
84,875,374
39,587,628
117,435,937
47,427,675
157,023,564
56,160,075
204,451,240
2,940,500
11,068,650
22,282,530
37,941,493
58,601,699
84,875,374
117,435,937
157,023,564
204,451,240
260,611,314
2,940,500
(1,793,499)
1.00
8,128,150
6,334,650.65
0.22
11,213,880
-
15,658,964
-
20,660,206
-
26,273,675
-
32,560,562
-
39,587,628
-
47,427,675
-
56,160,075
-
(4,733,999)