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Assignment On Business Plan

business plan of wifi------ product development

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Khalid Amin
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50% found this document useful (2 votes)
436 views30 pages

Assignment On Business Plan

business plan of wifi------ product development

Uploaded by

Khalid Amin
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as RTF, PDF, TXT or read online on Scribd
You are on page 1/ 30

ASSIGNMENT

On
Business Plan
Of product development
Date of Submission: 05/05/2014

Page 2 of 28
BUSINESS PLAN
{ \
GLOBE NET !I"I MA#$
Prepared %&'
Serial Name I(
1
)*ALI( AMIN +,-.
2
!ALEE( NIA/ +01,

Page 3 of 28

Page 4 of 28

Page 5 of 28
Ta%le of 2ontents
Serial Subject Co-subject Pag
e
. Executive Summary 03
1.1 Mission 04
1.2 Keys to Success 04
1.3 Objectives 04
3 Company Summary 05
2.1 Co!any O"ners#i! 05
2.2 Start-u! Suary 05
- Service 0$
0 Market Analysis Summary 0%
4.1 Mar&et Segentation 0%
4.2 'arget Mar&et Segent Strategy 0(
4.3 Service )usiness *nalysis 0(
4.3.1 Co!etition an+ )uying Patterns 10
+ Strategy and mplementation
Summary
10
5.1 Co!etitive ,+ge 10
5.2 Mar&eting Strategy 11
5.3 Sales Strategy 11
5.3.1 Sales -orecast 11
5.4 Milestones 13
, !e" #lan Summary 14
..1 /ebsite Mar&eting Strategy 14
..2 0evelo!ent 1e2uireents 14
4 Management Summary 14
$.1 Personnel Plan 15
5 $inancial #lan 15
%.1 )rea&-even *nalysis 15
%.2 Projecte+ Pro3it an+ 4oss 1.
%.3 Projecte+ Cas# -lo" 1(
%.4 Projecte+ )alance S#eet 20
%.5 )usiness 1atios 21
1 Appendix 23

Page 6 of 28
E6ecutive Summar&
5lobe 6et /ireless )roa+ban+ is an innovative start-u! co!any t#at !rovi+es "ireless broa+ban+ internet
connections to several 7slaaba+ Metro!olitan *reas. 8tili9ing /i-M*: tec#nology an+ !ro!rietary
antennas an+ re!eaters; 5lobe 6et "ill be able to serve a larger area "it# broa+ban+ 7nternet connections.
<5lobe 6et "as been 3oun+e+ by K=/ grou! o3 in+ustry 4t+> K#ali+ /it# ))* an un+ergra+uate
business anageent at city university o3 science an+ in3oration tec#nology #as goo+ anagerial s&ills;
/alee+ #as t#e s&ills to e?ecute on t#is "ell-researc#e+ business !lan. /alee+ s!ent t"o years in t#e
P'C4; "#ic# gave #i not only an incre+ible an+ reasonable boost in con3i+ence to acco!lis# a business
venture; but also !rovi+e+ #i "it# soli+ !roject anageent s&ills an+ e?!erience.@
'#e ar&et 3or "ireless broa+ban+ 7nternet connections in Pa&istan is ne" but is "i+ely o!en 0ean+ 3or
tra+itional broa+ban+ connections is sur!assing conservative 3orecasts. '#e "ireless ar&et is even ore
e?citing +ue to t#e signi3icantly lo"er costs nee+e+ in ters o3 +elivery in3rastructure. *s 5lobe 6etAs
custoer base gro"s; costs +ecrease t#roug# scales o3 econoy; creating an even ore co!elling
arguent 3or 5lobe 6etAs e?istence.
5lobe 6et #as targete+ t#ree +istinct grou!s. '#e 3irst is students; a ar&et segent t#at uses t#e 7nternet
t#e ost an+ also #ave #ig# e?!ectations regar+ing t#e s!ee+ o3 t#e connection. '#e secon+ grou! is
professionals; !eo!le "it# +is!osable incoe; not a lot o3 e?cessive tie on t#eir #an+s; an+ a grou! t#at
uses t#e 7nternet a 3air aount; bot# !ersonally as "ell as !ro3essionally. '#e last grou! t#at "ill be
targete+ is tec7ies. '#is grou! is t#e early a+o!ters o3 any ty!e o3 tec#nology an+ s!en+ incre+ible aounts
o3 tie ierse+ in 7nternet tec#nology.
5lobe 6et is a co!elling business conce!t t#at leverages a+vances in tec#nology an+ !ro!rietary tools to
o33er a ar&et nee+ at belo" ar&et !rices. 7n a++ition to earning great argins "it# lo" in3rastructure
costs; argins increase as t#e custoer base increases. '#e business "ill earn o+est !ro3its in year t"o;
increasing e?!onentially in
year t#ree. 6et !ro3it is
3orecaste+ to be coensurate in
years t"o an+ t#ree.
.8. Mission
7t is 5lobe 6et /irelessBs
ission to !rovi+e 3ast;
"ireless 7nternet access at a

Page 7 of 28
reasonable !rice. '#e ost i!ortant t#ing to reeber is t#at every custoer ust be satis3ie+ "it# our
services.
.83 )e&s to Success
Practice +isci!line+ gro"t#.
1eac# !ro3itability by year t"o.
,nsure t#at t#e custoerBs nee+s are et an+ aintain a (0C custoer retention ratio.
.8- O%9ectives
Provi+e; 3ast; reliable; "ireless 7nternet access.
'reat custoers "it# t#e u!ost res!ect.
)ecoe !ro3itable "it#in t"o years.
2ompan& Summar&
5lobe 6et /ireless "ill be 3ore+ in 2014 to o33er an ine?!ensive; "ireless broa+ban+ 7nternet connection
to co!ete "it# 0S4 or cable o33erings. 8sing /i-M*: tec#nology; it is ine?!ensive to set u! a
neig#bor#oo+ net"or&. '#e co!any "as 3oun+e+ by K#ali+. K#ali+ "ill rely on outsi+e investors 3or t#e
necessary start-u! costs.
38. 2ompan& O:ners7ip
5lobe 6et )roa+ban+ /ireless is a /i-6,' )0 Pvt. 4t+. co!any "it# K#ali+ *in as t#e !rinci!al an+
ajority o"ner.

Page 8 of 28
383 Start;up Summar&
,2ui!ent t#at "ill be nee+e+ is as 3ollo"s>
'#ree co!uter "or&stationsD
/ireless access !ointD
-ive re!eatersD
-ive antennasD
*ssorte+ o33ice e2ui!ent an+ su!!lies.
Start;up "undin<
Start-u! ,?!enses to -un+ E(;500
Start-u! *ssets to -un+ E.0;500
'otal -un+ing 1e2uire+ E$0;000
*ssets
6on-cas# *ssets 3ro Start-u! E5;000
Cas# 1e2uireents 3ro Start-u! E55;500
*++itional Cas# 1aise+ E0
Cas# )alance on Starting 0ate E55;500
'otal *ssets E.0;500
4iabilities an+ Ca!ital

Page 9 of 28
4iabilities
Current )orro"ing E0
4ong-ter 4iabilities E0
*ccounts Payable FOutstan+ing )illsG E0
Ot#er Current 4iabilities Finterest-3reeG E0
'otal 4iabilities E0
Ca!ital
Planne+ 7nvestent
7nvestor 1 E15;000
7nvestor 2 E55;000
*++itional 7nvestent 1e2uireent E0
'otal Planne+ 7nvestent E$0;000
4oss at Start-u! FStart-u! ,?!ensesG FE(;500G
'otal Ca!ital E.0;500
'otal Ca!ital an+ 4iabilities E.0;500
'otal -un+ing E$0;000
Start;up
1e2uireents
Start-u! ,?!enses
4egal E2;000
Stationery etc. E100
Consultants E1;000
7nsurance E200
1ent E200
1esearc# an+ 0evelo!ent E1;000
,?!ense+ ,2ui!ent E5;000
'otal Start-u! ,?!enses E(;500
Start-u! *ssets
Cas# 1e2uire+ E55;500

Page 10 of 28
Ot#er Current *ssets E0
4ong-ter *ssets E5;000
'otal *ssets E.0;500
'otal 1e2uireents E$0;000
Services
5lobe 6et o33ers "ireless broa+ban+ 7nternet access. '#e service is 0S4 s!ee+ "it# custoers only
nee+ing a /i-M*: car+Ho+e an+ to live "it#in range o3 t#e signal "#ic# covers a t#irty bloc& ra+ius
currently. '#ere are !lans to enlarge t#e coverage area as ore custoers sign u!.
/i-M*: tec#nology is base+ o33 o3 2.4 MI9 s!ectru "ireless transissions. 8sing t#e sae "ave
lengt#s t#at soe cor+less !#ones use; t#e 7nternet signals are broa+caste+ out t#roug# t#e neig#bor#oo+.
/it# t#e su!!lie+ !ass"or+ an+ a /i-M*: receiver in eac# custoerBs co!uter; custoers "ill #ave 3ast;
"ireless 7nternet connections.
Mar=et Anal&sis Summar&
/it#in t#e last t#ree years t#ere #as been a !roli3eration o3 broa+ban+ 7nternet connections. /it# so any
!eo!le enjoying 3ast connections at "or&; t#ey are no longer "illing to +eal "it# a +ial-u! connection at
#oe. /it# t#e a+vent o3 /i-M*: tec#nology; custoers can no" enjoy a 3ast connection "it#out #aving
to lay e?!ensive cables since t#e signal is sent via ra+io "aves. '#e targete+ ar&et segents are> stu+ents;
!ro3essionals; tec#ies.
08. Mar=et Se<mentation
'#e ar&et can be segente+ into t#ree +istinct grou!s>
Students' t#ese are !eo!le currently in aca+eia an+ are accustoe+ to 3ast connections an+ are
"illing to !ay 3or it. '#is grou! uses t#e 7nternet t#e ost; "#et#er t#ey are tra+ing MP3s or
+o"nloa+ing vi+eos.
Professionals' t#is grou! con+ucts a 3air aount o3 business over t#e 7nternet; "#et#er ban&ing; e-
coerce; or counications.

Page 11 of 28
Tec7ies' t#is grou! ebraces tec#nology as t#ey enjoy c#allenging t#eselves "it# tec#nology an+
t#e co!le?ity it brings.
Ot#er t#an t#e stu+ents; 5lobe6etB custoers are 3airly a33luent F#ouse#ol+ incoe o3 JE50;000G an+ s!en+
t#eir oney on tec#nology o33erings; "#et#er it is +igital cable; cellular service; or broa+ban+ 7nternet
connections. '#e target custoers are also generally "ell e+ucate+ "it# .5C #aving a college +egree an+
20C #aving a gra+uate +egree. Cobining several +eogra!#ic 3actors; 5lobe 6et arrives at t#e 3ollo"ing
!riary custoer !ro3ile>
S!en+s 10 #ours a "ee& on t#e 7nternet a"ay 3ro #oe.
Ias !urc#ase+ soet#ing 3ro a "ebsite at least once "it#in t#e last t"o ont#s.
,+ucate+ "it# at least soe course "or& 3or an un+ergra+uate +egree.
Iouse#ol+ incoe o3 at least E50;000.
Mar&et *nalysis FPieG
7 St u+ent s
7 Pro3essi onal s @ 'ec#i es
Mar=et Anal&sis
Kear 1 Kear 2 Kear 3 Kear 4 Kear 5
Potential
Custoers
5ro"t
#
C*51
Stu+ents (C 54;000 5%;%.0 .4;15$ .(;(31 $.;225 (.00C
Pro3essionals %C 34;000 3.;$20 3(;.5% 42;%31 4.;25$ %.00C
'ec#ies 11C 10;000 11;100 12;321 13;.$. 15;1%0 11.00
C
'otal %.%$C (%;000 10.;.%
0
11.;13
.
12.;43
%
13$;..
2
%.%$C

Page 12 of 28
L
083 Tar<et Mar=et Se<ment Strate<&
5lobe 6et #as c#osen t#e t#ree a3oreentione+ target ar&ets +ue to t#eir a+o!tion o3 broa+ban+ 7nternet
tec#nology. 7t is t#ese t#ree grou!s t#at are ost li&ely to use a 3ast connection an+ t#e ost "illing to !ay
a !reiu 3or t#e connection.
08- Service Business Anal&sis
'#ere are t#ree ain !artici!ants "it#in t#e consuer broa+ban+ 7nternet ar&et.
(SL >di<ital su%scri%er line?8 * connection t#at utili9es t#e co!!er !#one lines as t#e et#o+ o3
transission.
2a%le8 * connection t#at uses cable 'M "iring 3or transission.
Satellite connections8 '#ese use satellites; in orbit to !rovi+e NcableN 'M as "ell as 7nternet
connections to resi+ential an+ reote consuers.
08-8. 2ompetition and Bu&in< Patterns
*s entione+ in t#e !revious section; 0S4; cable; an+ satellite access are t#e co!etitors in t#e broa+ban+
ar&et. Consuer buying !atterns are base+ on t"o 3actors>
Availa%ilit&' not every ty!e o3 broa+ban+ connection is available to every consuer. Consuers
o3ten !ic& service !rovi+ers base+ on "#at is available to t#e.
2onvenience' t#is is o3ten base+ on "#ere t#e outlet cor+s are base+ in t#e #ouse; "#et#er t#e
co!uter "ill be locate+ closer to t#e cable 'M or nearer to a !#one jac&.
Strate<& and Implementation Summar&
Si!ly !ut; 5lobe 6etB strategy is to o33er a service; +ean+e+ by custoers; at a !rice t#at un+ercuts t#e
co!etition. '#is "ill be acco!lis#e+; not by acce!ting belo"-ar&et argins; but by leveraging
tec#nology; to #el! +rive 5lobe 6etB costs +o"n. *"areness regar+ing 5lobe 6etB services "ill be
generate+ e33ectively an+ ine?!ensively to t#e s!eci3ic target segents t#at 5lobe6et #as 3ocuse+ on.

Page 13 of 28
+8. 2ompetitive Ed<e
5lobe 6etB co!etitive e+ge is t#e e33ective an+ e33icient use o3 /i-M*: tec#nology. /i-M*:; "#ile a
3airly recent tec#nology; #as been a+o!te+ by several +i33erent service !rovi+ers as "ell as use+ 3or #oe-
base+ net"or&s. /#at !rovi+es 5lobe 6et "it# a co!etitive e+ge is its e33icient use o3 t#e tec#nology.
5lobe 6et #as +evelo!e+ a !ro!rietary antenna t#at allo"s 3or signal transission over great +istances "it#
less signal loss. *++itionally; 5lobe 6et #as signi3icantly re+uce+ a+inistrative costs by #aving ost
a+inistrative activities li&e ar&eting; sales; an+ service +etails a+inistere+ via t#e 7nternet.
Mar=etin< Strate<&
*s t#e nae i!lies; 5lobe 6et "ill be using a 5lobe 6et a!!roac# to +evelo!ing a"areness o3 t#e o33ere+
services. 5lobe 6et "ill a+o!t a ulti- !ronge+ ar&eting a!!roac#>
Advertisin<@postin<s "it# local retailers an+ coercial businesses. '#is "ill !rovi+e 5lobe 6et
"it# great visibility in t#e e?act counity t#at it o!erates in.
Mailin<s8 5lobe 6et "ill a+o!t a targete+ ailing ca!aign to local resi+ents.
!e%site8 5lobe 6et "ill leverage its "ebsite as a co!re#ensive an+ e33icient source o3
ar&etingHsales in3oration.
Sales Strate<&
'#e sales strategy t#at 5lobe 6et "ill a+o!t is base+ on +evelo!ing an a"areness o3 5lobe 6etB service as a
viable alternative to Cable an+ 0S4 "it#in t#e counity. '#e essage use+ "ill be t#at you can receive
broa+ban+ s!ee+ connections to your co!uter; "#erever it ay be; even your la!to! on your 3ront la"n;
at a !rice t#at is a 3raction o3 t#e current co!etitorsB. '#is "ill be +one "it# targete+ a+vertising "it# local
retailHcoercial establis#ents in t#e area. *++itionally; 5lobe 6et "ill rely on ailings to get t#e "or+
out. 4astly; 5lobe 6et "ill #ave a "ebsite 3or ar&eting; sales; an+ a+inistrative !ur!oses.
+8-8. Sales "orecast
5lobe 6et #as +evelo!e+ a conservative sales 3orecast. *+o!tion rates o3 custoers are 3airly stea+y 3ro
one ont# to t#e ne?t. * conservative a!!roac# #as been a+o!te+ to inii9e any e?ternal variables t#at
ay a33ect 3uture o!erations.
5lobe 6et believes t#at it "ill e?!erience e?tensive gro"t# 3or several years 3or several reasons. '#e 3irst
is t#e general a+o!tion o3 broa+ban+ connections "#ic# #as been encouraging 3or t#e last several years.
*not#er reason 5lobe 6et believes t#eir 3orecast to be accurate is it o33ers a viable; less e?!ensive
alternative to current broa+ban+ connections.

Page 14 of 28
Sales "orecast
Kear 1 Kear 2 Kear 3
Sales
Mont#ly 7nternet Service E3.;5%4 E132;..5 E211;443
Ot#er E0 E0 E0
'otal Sales E3.;5%4 E132;..5 E211;443
0irect Cost o3 Sales Kear 1 Kear 2 Kear 3
*+inistrative costs E1;%2( E.;.33 E10;5$2
Ot#er E0 E0 E0
Subtotal 0irect Cost o3 Sales E1;%2( E.;.33 E10;5$2

Page 15 of 28
+80 Milestones
Milestones are a very i!ortant as!ect o3 a business !lan. '#ey !rovi+e concrete;
ac#ievable; yet lo3ty goals t#at t#e business ust concentrate on. )y targeting lo3ty goals;
5lobe 6et ensures t#at it is aiing #ig#; t#ere3ore it is ore li&ely to ac#ieve ore. '#e
ilestones t#at 5lobe 6et #as c#osen are very s!eci3ic to t#e co!any an+ "ill be
ebrace+ by all e!loyees.
,nlargeent o3 t#e net"or& Pro3itability -irst 10 custoers )usiness !lan
co!letion
Milestones
Milestone Start 0ate ,n+ 0ate )u+get Manager 0e!artent
)usiness !lan
co!letion
1H1H2013 2H1H2013 E0 /alee+ Manageent
-irst 10 custoers 1H1H2013 3H30H2013 E0 /alee+ Sales
Pro3itability 1H1H2013 2H1H2014 E0 /alee+ O!erations
,nlargeent o3 t#e
net"or&
1H1H2013 2H1H2014 E0 /alee+ O!erations
'otals E0
Milestones
!e% Plan Summar&
'#e "ebsite "ill be use+ 3or>
Mar&etingHsalesD
*+inistrative 3unctions.
!e%site Mar=etin< Strate<&
*ll o3 5lobe 6etB ar&eting in3oration "ill be !resent on t#e "ebsite 3or vie"ing an+ 3or
+o"nloa+ingH!rinting. *"areness regar+ing t#e "ebsite "ill be acco!lis#e+ by inclusion
o3 t#e "ebsite a++ress on all !rinte+ aterials. *++itionally; t#e "ebsite "ill #ave a
co!re#ensive subission !roce+ure to all o3 t#e !o!ular searc# engines.
(evelopment AeBuirements
'#e "ebsite "ill be +evelo!e+ in-#ouse by leveraging interns.
Mana<ement Summar&
/alee+ Kari; 3oun+er an+ !resi+ent "ill be t#e anc#or o3 t#e anageent tea. /alee+
receive+ #is un+ergra+uate +egree in co!uter science 3ro t#e I*1M*10 8niversity.
/#ile /alee+ enjoye+ t#e course "or& #e recogni9e+ t#at it "as not soet#ing t#at #e
"as intereste+ in !ursuing as a career. /alee+ +eci+e+ t#at it "oul+ be in #is best interest
to stu+y 3or an M)*D #o"ever; #e "as not ie+iately rea+y to +o t#is. So /alee+
#ea+e+ o33 to 5#ana "it# t#e Peace Cor!s to +evelo! counity-base+ tra+ing systes.
/alee+ Bs Peace Cor! e?!erience "as invaluable; !rovi+ing #i "it# e?tensive !roject
anageent e?!erience as "ell as giving #i con3i+ence t#at #e coul+ acco!lis#
anyt#ing #e set #is in+ out to +o.
*3ter getting bac& to t#e States; /alee+ began t#e M)* !rogra at t#e 8niversity o3
C#icago. /alee+ Bs course o3 stu+y concentrate+ on entre!reneurial ventures; recogni9ing at
soe !oint #is +esire to start #is o"n business. 6ear t#e en+ o3 #is secon+ year; /alee+
began to #ear about /i- M*: tec#nology. Ie becae intereste+ in "#at #e sa" "as a
strong ar&et nee+ 3or ine?!ensive broa+ban+ 7nternet connections transitte+ "irelessly;
t#ereby signi3icantly +ecreasing +elivery costs. /alee+ 3ore+ 5lobe 6et /ireless to
3ul3ill t#is ar&et nee+.
48. Personnel Plan
'#e t"o ain e!loyees beyon+ /alee+ are>
Tec7nician' t#is !osition is res!onsible 3or t#e soot# o!eration o3 t#e "ireless
net"or& as "ell as t#e "ebsite.
Administration' t#is is a general custoer service !osition; assisting in sales
an+ su!!ort.
Personnel Plan
Kear 1 Kear 2 Kear 3
Presi+ent E24;00
0
E3.;00
0
E4%;000
'ec#nician E1(;%0
0
E21;.0
0
E21;.00
*+inistration E15;00
0
E1%;00
0
E1%;000
'otal Peo!le 3 3 3
'otal Payroll E5%;%0
0
E$5;.0
0
E%$;.00
"inancial Plan
'#e 3ollo"ing sections outline i!ortant 3inancial in3oration.
58. Brea=;even Anal&sis
Avera<e per;unit revenue' base+ on t#e E20 ont#ly access 3ee. Avera<e
per;unit varia%le cost' costs base+ on in3rastructure; an+ a+inistrative
costs.
Estimated mont7l& fi6ed costs' 7nternet connections costs.
Brea=;even Anal&sis
Mont#ly 1evenue )rea&-even E%;0$
2
*ssu!tions>
*verage Percent Mariable Cost 5
C
,stiate+ Mont#ly -i?e+ Cost E$;..
%
583 Pro9ected Profit and Loss
O
r
...........
i
...........O..........
4
........... ........... ........... ..........
A
P
4
'#e 3ollo"ing table an+ c#arts s#o" t#e Projecte+ Pro3it an+ 4oss.
E3;000
E2;0
00
Q1;000
QO
CE1;0
00G
FE2;000
G
FE3;000
G
FE4;000
G
FE5;000
G
FE.;000G
FE$;000
G
QO
52;000 Q4.000 Q..000 Q%.000 Q10;000
;000 Q3.000 Q5.000 Q$.000 E(;000 E11;000
5ross Margin Mont#ly
Mont# 1 Mont# 3 Mont#s Mont# $
Mont#s Mont# 11
Pro "orma Profit and Loss
Kear 1 Kear 2 Kear 3
Sales E3.;5%4 E132;..5 E211;443
0irect Cost o3 Sales E1;%2( E.;.33 E10;5$2
Ot#er Costs o3 Sales E0 E0 E0
'otal Cost o3 Sales E1;%2( E.;.33 E10;5$2
5ross Margin E34;$55 E12.;032 E200;%$1
5ross Margin C (5.00C (5.00C (5.00C
,?!enses
Payroll E5%;%00 E$5;.00 E%$;.00
Sales an+ Mar&eting an+ Ot#er ,?!enses E2;400 E5;.00 E12;000
0e!reciation E((. E1;002 E1;002
1ent E2;400 E2;400 E2;400
8tilities E(;.00 E13;000 E15;000
7nsurance E3;000 E3;000 E3;000
Payroll 'a?es E%;%20 E11;340 E13;140
Ot#er E.;000 E.;000 E.;000
'otal O!erating ,?!enses E(2;01. E11$;(42 E140;142
Pro3it )e3ore 7nterest an+ 'a?es FE5$;2.1G E%;0(0 E.0;$2(
,)7'0* FE5.;2.5G E(;0(2 E.1;$31
7nterest ,?!ense E0 E0 E0
'a?es 7ncurre+ E0 E2;42$ E1%;21(
6et Pro3it FE5$;2.1G E5;..3 E42;510
6et Pro3itHSales -15..52C 4.2$C 20.10C
Copyright 2010, GlobeNet Wireless Broadband Page 21 of 28
Mont# 2 Mont# 4 Mont# . Mont#s Mont# 10 Mont# 12
E210
;000
E1.0;000
E150;000
E120;000
E(0;000
E.0;000
E30;000
E0
Kear 1 Kear 2 Kear 3
5ross Margin Kearly
Pro "orma 2as7 "lo:
Kear 1 Kear 2 Kear 3
Cas# 1eceive+
Cas# 3ro O!erations
Cas# Sales E3.;5%4 E132;..5 E211;443
Subtotal Cas# 3ro O!erations E3.;5%4 E132;..5 E211;443
*++itional Cas# 1eceive+
Sales 'a?; M*'; IS'H5S' 1eceive+ E0 E0 E0
6e" Current )orro"ing E0 E0 E0
6e" Ot#er 4iabilities Finterest-3reeG E0 E0 E0
6e" 4ong-ter 4iabilities E0 E0 E0
Sales o3 Ot#er Current *ssets E0 E0 E0
Sales o3 4ong-ter *ssets E0 E0 E0
6e" 7nvestent 1eceive+ E0 E0 E0
Subtotal Cas# 1eceive+ E3.;5%4 E132;..5 E211;443
,?!en+itures Kear 1 Kear 2 Kear 3
,?!en+itures 3ro O!erations
Cas# S!en+ing E5%;%00 E$5;.00 E%$;.00
)ill Payents E31;112 E4(;1(5 E$$;%$1
Subtotal S!ent on O!erations E%(;(12 E124;$(5 E1.5;4$1
Copyright 2010, GlobeNet Wireless Broadband Page 22 of 28
58- Pro9ected 2as7 "lo:
'#e 3ollo"ing table an+ c#art +is!lay t#e Projecte+ Cas# -lo".
*++itional Cas# S!ent
Sales 'a?; M*'; IS'H5S' Pai+ Out E0 E0 E0
Princi!al 1e!ayent o3 Current )orro"ing E0 E0 E0
Ot#er 4iabilities Princi!al 1e!ayent E0 E0 E0
4ong-ter 4iabilities Princi!al 1e!ayent E0 E0 E0
Purc#ase Ot#er Current *ssets E0 E0 E0
Purc#ase 4ong-ter *ssets E0 E0 E0
0ivi+en+s E0 E0 E0
Subtotal Cas# S!ent E%(;(12 E124;$(5 E1.5;4$1
6et Cas# -lo" FE53;32%G E$;%$0 E45;($2
Cas# )alance E2;1$2 E10;042 E5.;014
580 Pro9ected Balance S7eet
'#e 3ollo"ing table !resents t#e Projecte+ )alance S#eet.
Pro "orma Balance S7eet
Kear 1 Kear 2 Kear 3
*ssets
Current *ssets
Cas# E2;1$2 E10;042 E5.;014
Ot#er Current *ssets E0 E0 E0
'otal Current *ssets E2;1$2 E10;042 E5.;014
4ong-ter *ssets
4ong-ter *ssets E5;000 E5;000 E5;000
*ccuulate+ 0e!reciation E((. E1;((% E3;000
'otal 4ong-ter *ssets E4;004 E3;002 E2;000
'otal *ssets E.;1$. E13;044 E5%;014
4iabilities an+ Ca!ital Kear 1 Kear 2 Kear 3
Current 4iabilities
*ccounts Payable E2;(3% E4;142 E.;.03
Current )orro"ing E0 E0 E0
Ot#er Current 4iabilities E0 E0 E0
Subtotal Current 4iabilities E2;(3% E4;142 E.;.03
4ong-ter 4iabilities E0 E0 E0
'otal 4iabilities E2;(3% E4;142 E.;.03
Copyright 2010, GlobeNet Wireless Broadband Page 23 of 28
1 77 77 77 1
Pai+-in Ca!ital E$0;000 E$0;000 E$0;000
1etaine+ ,arnings FE(;500G FE..;$.1G FE.1;0(%G
,arnings FE5$;2.1G E5;..3 E42;510
'otal Ca!ital E3;23( E%;(02 E51;412
'otal 4iabilities an+ Ca!ital E.;1$. E13;044 E5%;014
6et /ort# E3;23( E%;(02 E51;412
58+ Business Aatios
'#e 3ollo"ing table illustrates t#e +i33erent )usiness 1atios; base+ on 6*7CS co+e
51%111; 7nternet Service Provi+ers.
Aatio Anal&sis
Kear 1 Kear 2 Kear 3 7n+ustry Pro3ile
Sales 5ro"t# 0.00C 2.2..3C 5(.3%C 15.($C
Percent o3 'otal *ssets
Ot#er Current *ssets 0.00C 0.00C 0.00C 5..35C
'otal Current *ssets 35.1$C $..((C (..55C %$.4%C
4ong-ter *ssets .4.%3C 23.01C 3.45C 12.52C
'otal *ssets 100.00C 100.00C 100.00C 100.00C
Current 4iabilities 4$.5.C 31.$.C 11.3%C 30...C
4ong-ter 4iabilities 0.00C 0.00C 0.00C 23.0$C
'otal 4iabilities 4$.5.C 31.$.C 11.3%C 53.$3C
6et /ort# 52.44C .%.24C %%..2C 4..2$C
Percent o3 Sales
Sales 100.00C 100.00C 100.00C 100.00C
5ross Margin (5.00C (5.00C (5.00C 100.00C
Selling; 5eneral = *+inistrative ,?!enses 251.52C (0.$3C $4.(0C $3.%0C
*+vertising ,?!enses 0.00C 0.00C 0.00C 1.3$C
Pro3it )e3ore 7nterest an+ 'a?es -15..52C ..10C 2%.$2C 1.03C
Main 1atios
Current 0.$4 2.42 %.4% 1.($
Ruic& 0.$4 2.42 %.4% 1.50
'otal 0ebt to 'otal *ssets 4$.5.C 31.$.C 11.3%C 5(.$%C
Copyright 2010, GlobeNet Wireless Broadband Page 24 of 28
Pre-ta? 1eturn on 6et /ort# -1$.$.(%C (0.%%C 11%.12C 2.(3C
Pre-ta? 1eturn on *ssets -(2$.10C .2.02C 104..%C $.2%C
*++itional 1atios Kear 1 Kear 2 Kear 3
6et Pro3it Margin -15..52C 4.2$C 20.10C n.a
1eturn on ,2uity -1$.$.(%C .3..2C %2..(C n.a
*ctivity 1atios
*ccounts Payable 'urnover 11.5( 12.1$ 12.1$ n.a
Payent 0ays 2$ 2. 24 n.a
'otal *sset 'urnover 5.(2 10.1$ 3..4 n.a
0ebt 1atios
0ebt to 6et /ort# 0.(1 0.4$ 0.13 n.a
Current 4iab. to 4iab. 1.00 1.00 1.00 n.a
4i2ui+ity 1atios
6et /or&ing Ca!ital FE$.5G E5;(00 E4(;412 n.a
7nterest Coverage 0.00 0.00 0.00 n.a
*++itional 1atios
*ssets to Sales 0.1$ 0.10 0.2$ n.a
Current 0ebtH'otal *ssets 4%C 32C 11C n.a
*ci+ 'est 0.$4 2.42 %.4% n.a
SalesH6et /ort# 11.30 14.(0 4.11 n.a
0ivi+en+ Payout 0.00 0.00 0.00 n.a
Appendi6
Sales "orecast
Mont
# 1
Mont
# 2
Mont
# 3
Mont
# 4
Mont
# 5
Mont
# .
Mont
# $
Mont
# %
Mont
# (
Mont
# 10
Mont
# 11
Mont#
12
Sales
Mont#ly 7nternet
Service
0
C
E0 E0 E1;20
0
E2;11
2
E2;54
4
E2;%%
$
E3;54
3
E3;%$
$
E4;32
2
E4;%(
(
E5;32
3
E5;%$
$
Ot#er 0
C
E0 E0 E0 E0 E0 E0 E0 E0 E0 E0 E0 E0
'otal Sales E0 E0 E1;20
0
E2;11
2
E2;54
4
E2;%%
$
E3;54
3
E3;%$
$
E4;32
2
E4;%(
(
E5;32
3
E5;%$
$
0irect Cost o3
Sales
Mont
# 1
Mont
# 2
Mont
# 3
Mont
# 4
Mont
# 5
Mont
# .
Mont
# $
Mont
# %
Mont
# (
Mont
# 10
Mont
# 11
Mont#
12
*+inistrative
costs
E0 E0 E.0 E10. E12$ E144 E1$$ E1(4 E21. E245 E2.. E2(4
Ot#er E0 E0 E0 E0 E0 E0 E0 E0 E0 E0 E0 E0
Subtotal 0irect
Cost o3 Sales
E0 E0 E.0 E10. E12$ E144 E1$$ E1(4 E21. E245 E2.. E2(4
Copyright 2010, GlobeNet Wireless Broadband Page 25 of 28
Personnel Plan
Mont
# 1
Mont
# 2
Mont
# 3
Mont
# 4
Mont
# 5
Mont
# .
Mont
# $
Mont
# %
Mont
# (
Mont
# 10
Mont
# 11
Mont#
12
Presi+ent 0
C
E2;00
0
E2;00
0
E2;00
0
E2;00
0
E2;00
0
E2;00
0
E2;00
0
E2;00
0
E2;00
0
E2;00
0
E2;00
0
E2;00
0
'ec#nician 0
C
E0 E1;%0
0
E1;%0
0
E1;%0
0
E1;%0
0
E1;%0
0
E1;%0
0
E1;%0
0
E1;%0
0
E1;%0
0
E1;%0
0
E1;%0
0
*+inistration 0
C
E0 E0 E1;50
0
E1;50
0
E1;50
0
E1;50
0
E1;50
0
E1;50
0
E1;50
0
E1;50
0
E1;50
0
E1;50
0
'otal Peo!le 1 2 3 3 3 3 3 3 3 3 3 3
'otal Payroll E2;00
0
E3;%0
0
E5;30
0
E5;30
0
E5;30
0
E5;30
0
E5;30
0
E5;30
0
E5;30
0
E5;30
0
E5;30
0
E5;30
0
General Assumptions
Mont#
1
Mont#
2
Mont#
3
Mont#
4
Mont#
5
Mont#
.
Mont#
$
Mont#
%
Mont#
(
Mont#
10
Mont#
11
Mont#
12
Plan
Mont#
1 2 3 4 5 . $ % ( 10 11 12
Current
7nterest
1ate
10.00
C
10.00
C
10.00
C
10.00
C
10.00
C
10.00
C
10.00
C
10.00
C
10.00
C
10.00
C
10.00
C
10.00
C
4ong-
ter
7nteres
t 1ate
10.00
C
10.00
C
10.00
C
10.00
C
10.00
C
10.00
C
10.00
C
10.00
C
10.00
C
10.00
C
10.00
C
10.00
C
'a?
1ate
30.00
C
30.00
C
30.00
C
30.00
C
30.00
C
30.00
C
30.00
C
30.00
C
30.00
C
30.00
C
30.00
C
30.00
C
Ot#er 0 0 0 0 0 0 0 0 0 0 0 0
Pro "orma Profit and Loss
Mont
# 1
Mont
# 2
Mont#
3
Mont#
4
Mont#
5
Mont#
.
Mont
# $
Mont#
%
Mont
# (
Mont
# 10
Mont
# 11
Mont
# 12
Sales E0 E0 E1;200 E2;112 E2;544 E2;%%$ E3;54
3
E3;%$$ E4;32
2
E4;%(
(
E5;32
3
E5;%$
$
0irect Cost
o3 Sales
E0 E0 E.0 E10. E12$ E144 E1$$ E1(4 E21. E245 E2.. E2(4
Ot#er
Costs o3
Sales
E0 E0 E0 E0 E0 E0 E0 E0 E0 E0 E0 E0
'otal Cost
o3 Sales
E0 E0 E.0 E10. E12$ E144 E1$$ E1(4 E21. E245 E2.. E2(4
5ross
Margin
E0 E0 E1;140 E2;00. E2;41$ E2;$43 E3;3.
.
E3;.%3 E4;10
.
E4;.5
4
E5;05
$
E5;5%
3
5ross
Margin C
0.00C 0.00C (5.00
C
(5.00
C
(5.00
C
(5.00
C
(5.00
C
(5.00
C
(5.00
C
(5.00
C
(5.00
C
(5.00
C
,?!enses
Copyright 2010, GlobeNet Wireless Broadband Page 26 of 28
Payroll E2;00
0
E3;%0
0
E5;300 E5;300 E5;300 E5;300 E5;30
0
E5;300 E5;30
0
E5;30
0
E5;30
0
E5;30
0
Sales an+
Mar&eting
an+ Ot#er
,?!enses
E200 E200 E200 E200 E200 E200 E200 E200 E200 E200 E200 E200
0e!reciati
on
E%3 E%3 E%3 E%3 E%3 E%3 E%3 E%3 E%3 E%3 E%3 E%3
1ent E200 E200 E200 E200 E200 E200 E200 E200 E200 E200 E200 E200
8tilities E%00 E%00 E%00 E%00 E%00 E%00 E%00 E%00 E%00 E%00 E%00 E%00
7nsurance E250 E250 E250 E250 E250 E250 E250 E250 E250 E250 E250 E250
Payroll
'a?es
1
5
C
E300 E5$0 E$(5 E$(5 E$(5 E$(5 E$(5 E$(5 E$(5 E$(5 E$(5 E$(5
Ot#er E500 E500 E500 E500 E500 E500 E500 E500 E500 E500 E500 E500
'otal
O!erating
,?!enses
E4;33
3
E.;40
3
E%;12% E%;12% E%;12% E%;12% E%;12
%
E%;12% E%;12
%
E%;12
%
E%;12
%
E%;12
%
Pro3it
)e3ore
7nterest
an+ 'a?es
FE4;33
3G
FE.;40
3G
FE.;(%
%G
FE.;12
2G
FE5;$1
1G
FE5;3%
5G
FE4;$
. 2G
FE4;44
5G
FE4;02
2G
FE3;4$
4G
FE3;0$
1G
FE2;5
4 5G
,)7'0*
FE4;25
0G
FE.;32
0G
FE.;(0
5G
FE.;03
(G
FE5;.2
%G
FE5;30
2G
FE4;.
$ (G
FE4;3.
2G
FE3;(3
(G
FE3;3(
1G
FE2;(%
%G
FE2;4
. 2G
7nterest
,?!ense
E0 E0 E0 E0 E0 E0 E0 E0 E0 E0 E0 E0
'a?es
7ncurre+
E0 E0 E0 E0 E0 E0 E0 E0 E0 E0 E0 E0
6et Pro3it
FE4;33
3G
FE.;40
3G
FE.;(%
%G
FE.;12
2G
FE5;$1
1G
FE5;3%
5G
FE4;$
. 2G
FE4;44
5G
FE4;02
2G
FE3;4$
4G
FE3;0$
1G
FE2;5
4 5G
6et
Pro3itHSale
s
0.00C 0.00C 5%2.33
C
2%(.%5
C
224.50
C
1%..54
C
134.4
1
C
114..5
C
(3.0.
C
$0.(1
C
5$.$0
C
43.30
C
Pro "orma 2as7 "lo:
Mont#
1
Mont
# 2
Mont
# 3
Mont#
4
Mont
# 5
Mont
# .
Mont#
$
Mont
# %
Mont
# (
Mont#
10
Mont
# 11
Mont#
12
Cas#
1eceive+
Cas# 3ro
O!eration
s
Cas#
Sales
E0 E0 E1;20
0
E2;11
2
E2;54
4
E2;%%
$
E3;54
3
E3;%$
$
E4;32
2
E4;%(
(
E5;32
3
E5;%$$
Subtotal
Cas# 3ro
O!erations
E0 E0 E1;20
0
E2;11
2
E2;54
4
E2;%%
$
E3;54
3
E3;%$
$
E4;32
2
E4;%(
(
E5;32
3
E5;%$$
*++itiona
l
Cas#
1eceive+
Sales 'a?;
M*';
IS'H5S'
1eceive+
0.0
0
C
E0 E0 E0 E0 E0 E0 E0 E0 E0 E0 E0 E0
Copyright 2010, GlobeNet Wireless Broadband Page 27 of 28
6e"
Current
)orro"in
g
E0 E0 E0 E0 E0 E0 E0 E0 E0 E0 E0 E0
6e" Ot#er
4iabilities
Finterest-
3reeG
E0 E0 E0 E0 E0 E0 E0 E0 E0 E0 E0 E0
6e"
4ong-
ter
4iabilities
E0 E0 E0 E0 E0 E0 E0 E0 E0 E0 E0 E0
Sales o3
Ot#er
Current
*ssets
E0 E0 E0 E0 E0 E0 E0 E0 E0 E0 E0 E0
Sales o3
4ong-
ter
*ssets
E0 E0 E0 E0 E0 E0 E0 E0 E0 E0 E0 E0
6e"
7nvesten
t 1eceive+
E0 E0 E0 E0 E0 E0 E0 E0 E0 E0 E0 E0
Subtotal
Cas#
1eceive+
E0 E0 E1;20
0
E2;11
2
E2;54
4
E2;%%
$
E3;54
3
E3;%$
$
E4;32
2
E4;%(
(
E5;32
3
E5;%$$
,?!en+itu
r es
Mont#
1
Mont
# 2
Mont
# 3
Mont#
4
Mont
# 5
Mont
# .
Mont#
$
Mont
# %
Mont
# (
Mont#
10
Mont
# 11
Mont#
12
,?!en+itur
es 3ro
O!erations
Cas#
S!en+ing
E2;00
0
E3;%0
0
E5;30
0
E5;30
0
E5;30
0
E5;30
0
E5;30
0
E5;30
0
E5;30
0
E5;30
0
E5;30
0
E5;300
)ill
Payents
E$5 E2;25
(
E2;53
0
E2;%0
$
E2;%5
1
E2;%$
3
E2;%(
0
E2;(2
3
E2;(4
0
E2;(.
2
E2;((
1
E3;012
Subtotal
S!ent on
O!erations
E2;0$
5
E.;05
(
E$;%3
0
E%;10
$
E%;15
1
E%;1$
3
E%;1(
0
E%;22
3
E%;24
0
E%;2.
2
E%;2(
1
E%;312
*++itiona
l
Cas#
S!ent
Sales 'a?;
M*';
IS'H5S'
Pai+ Out
E0 E0 E0 E0 E0 E0 E0 E0 E0 E0 E0 E0
Princi!al
1e!aye
n t o3
Current
)orro"in
g
E0 E0 E0 E0 E0 E0 E0 E0 E0 E0 E0 E0
Ot#er
4iabilities
Princi!al
1e!aye
n t
E0 E0 E0 E0 E0 E0 E0 E0 E0 E0 E0 E0
Copyright 2010, GlobeNet Wireless Broadband Page 28 of 28
4ong-
ter
4iabilities
Princi!al
1e!aye
n t
E0 E0 E0 E0 E0 E0 E0 E0 E0 E0 E0 E0
Purc#ase
Ot#er
Current
*ssets
E0 E0 E0 E0 E0 E0 E0 E0 E0 E0 E0 E0
Purc#ase
4ong-ter
*ssets
E0 E0 E0 E0 E0 E0 E0 E0 E0 E0 E0 E0
0ivi+en+s E0 E0 E0 E0 E0 E0 E0 E0 E0 E0 E0 E0
Subtotal
Cas#
S!ent
E2;0$
5
E.;05
(
E$;%3
0
E%;10
$
E%;15
1
E%;1$
3
E%;1(
0
E%;22
3
E%;24
0
E%;2.
2
E%;2(
1
E%;312
6et Cas#
-lo"
FE2;0$
5G
FE.;05
(G
FE.;.3
0G
FE5;((
5G
FE5;.0
$G
FE5;2%
.G
FE4;.4
$G
FE4;34
.G
FE3;(1
%G
FE3;3.
3G
FE2;(.
%G
FE2;43
5G
Cas#
)alance
E53;4
2 5
E4$;3
. .
E40;$
3 $
E34;$
4 2
E2(;1
3 5
E23;%
4 (
E1(;2
0 1
E14;%
5 .
E10;(
3 %
E$;5$
5
E4;.0
$
E2;1$2
Pro "orma Balance S7eet
Mont
# 1
Mont#
2
Mont#
3
Mont#
4
Mont#
5
Mont#
.
Mont#
$
Mont#
%
Mont#
(
Mont#
10
Mont#
11
Mont#
12
*ssets Starti
n
g
)alan
c es
Current
*ssets
Cas# E55;5
0 0
E53;
4 25
E4$;3
. .
E40;$
3 $
E34;$
4 2
E2(;1
3 5
E23;%
4 (
E1(;2
0 1
E14;%
5 .
E10;(
3 %
E$;5$
5
E4;.0
$
E2;1$2
Ot#er
Current
*ssets
E0 E0 E0 E0 E0 E0 E0 E0 E0 E0 E0 E0 E0
'otal
Current
*ssets
E55;5
0 0
E53;
4 25
E4$;3
. .
E40;$
3 $
E34;$
4 2
E2(;1
3 5
E23;%
4 (
E1(;2
0 1
E14;%
5 .
E10;(
3 %
E$;5$
5
E4;.0
$
E2;1$2
4ong-
ter
*ssets
4ong-
ter
*ssets
E5;00
0
E5;0
0 0
E5;00
0
E5;00
0
E5;00
0
E5;00
0
E5;00
0
E5;00
0
E5;00
0
E5;00
0
E5;00
0
E5;00
0
E5;000
*ccuul
ate+
0e!reciat
ion
E0 E%3 E1.. E24( E332 E415 E4(% E5%1 E..4 E$4$ E%30 E(13 E((.
'otal
4ong-
ter
*ssets
E5;00
0
E4;(
1 $
E4;%3
4
E4;$5
1
E4;..
%
E4;5%
5
E4;50
2
E4;41
(
E4;33
.
E4;25
3
E4;1$
0
E4;0%
$
E4;004
Copyright 2010, GlobeNet Wireless Broadband Page 29 of 28
'otal
*ssets
E.0;5
0 0
E5%;
3 42
E52;2
0 0
E45;4
% %
E3(;4
1 0
E33;$
2 0
E2%;3
5 1
E23;.
2 0
E1(;1
( 2
E15;1
( 1
E11;$
4 5
E%;.(
4
E.;1$.
4iabilities
an+
Ca!ital
Mont
# 1
Mont#
2
Mont#
3
Mont#
4
Mont#
5
Mont#
.
Mont#
$
Mont#
%
Mont#
(
Mont#
10
Mont#
11
Mont#
12
Current
4iabilities
*ccounts
Payable
E0 E2;1
$ 5
E2;43
.
E2;$1
2
E2;$5
.
E2;$$
.
E2;$(
3
E2;%2
5
E2;%4
1
E2;%.
2
E2;%(
0
E2;(11 E2;(3%
Current
)orro"in
g
E0 E0 E0 E0 E0 E0 E0 E0 E0 E0 E0 E0 E0
Ot#er
Current
4iabilities
E0 E0 E0 E0 E0 E0 E0 E0 E0 E0 E0 E0 E0
Subtotal
Current
4iabilities
E0 E2;1
$ 5
E2;43
.
E2;$1
2
E2;$5
.
E2;$$
.
E2;$(
3
E2;%2
5
E2;%4
1
E2;%.
2
E2;%(
0
E2;(11 E2;(3%
4ong-
ter
4iabilities
E0 E0 E0 E0 E0 E0 E0 E0 E0 E0 E0 E0 E0
'otal
4iabilities
E0 E2;1
$ 5
E2;43
.
E2;$1
2
E2;$5
.
E2;$$
.
E2;$(
3
E2;%2
5
E2;%4
1
E2;%.
2
E2;%(
0
E2;(11 E2;(3%
Pai+-in
Ca!ital
E$0;0
0 0
E$0;
0 00
E$0;0
0 0
E$0;0
0 0
E$0;0
0 0
E$0;0
0 0
E$0;0
0 0
E$0;0
0 0
E$0;0
0 0
E$0;0
0 0
E$0;0
0 0
E$0;0
0 0
E$0;00
0
1etaine+
,arnings
FE(;5
0 0G
FE(;5
00G
FE(;50
0G
FE(;50
0G
FE(;50
0G
FE(;50
0G
FE(;50
0G
FE(;50
0G
FE(;50
0G
FE(;50
0G
FE(;50
0G
FE(;50
0G
FE(;50
0G
,arnings E0 FE4;3
33G
FE10;$
3.G
FE1$;$
24G
FE23;%
4.G
FE2(;5
5$G
FE34;(
42G
FE3(;$
04G
FE44;1
4(G
FE4%;1
$1G
FE51;.
45G
FE54;$
1.G
FE5$;2
.1G
'otal
Ca!ital
E.0;5
0 0
E5.;
1 .$
E4(;$
. 4
E42;$
$ .
E3.;.
5 4
E30;(
4 3
E25;5
5 %
E20;$
( .
E1.;3
5 1
E12;3
2 (
E%;%5
5
E5;$%
4
E3;23(
'otal
4iabiliti
es an+
Ca!ital
E.0;5
0 0
E5%;
3 42
E52;2
0 0
E45;4
% %
E3(;4
1 0
E33;$
2 0
E2%;3
5 1
E23;.
2 0
E1(;1
( 2
E15;1
( 1
E11;$
4 5
E%;.(
4
E.;1$.
6et
/ort#
E.0;5
0 0
E5.;
1 .$
E4(;$
. 4
E42;$
$ .
E3.;.
5 4
E30;(
4 3
E25;5
5 %
E20;$
( .
E1.;3
5 1
E12;3
2 (
E%;%5
5
E5;$%
4
E3;23(
Copyright 2010, GlobeNet Wireless Broadband Page 30 of 28

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