Notes to Accounts

Table 5 - Project Cost Estimate (Capital Cost)

Unit Price US$.
Goals Description No. of Units Estimated Cost US$
US$
Pre-Operative Activities such as company Royalty in acquiring cost under 99 13000ha 1,480.00 19,240,000.00
formation,aquiring lands etc. lease
Company formation, legal Charges etc 335,000.00
Professional fees such as
1,500,000.00
Architectural designing etc
Land clearence & Fencing 3,925,000.00
Total Pre-Operative Expenses 25,000,000.00
1. Establishing a Sugar Factory & Dairy Buildings 10,000,000.00
favtory Plant and machinery 30,000,000.00
Equipments 5,000,000.00
Furniture & Fittings 22,225.00
Organic Fertilizer Plant 100,000.00
Total Capital Cost Sugar Industry
95,122,225.00
Construction of cow sheds for 1,000
510,000sqft 9.00 4,590,000.00
cows
Purchasing cows 1,000 925.00 925,000.00
Liquid milk processing plant &
2.value added Dairy products for the local equipments 1 482,000.00 482,000.00
market Powdered milk processing plant 1 2,590,000.00 2,590,000.00
Laboratories Equipments 1 25,000.00 25,000.00
Factory Buildings 3,000sqft 30.00 90,000.00
Cold Room 8000Qubic feet 17.50 140,000.00
Total Capital Cost 8,842,000.00

3.To hybrid species of cows that suits for Cow sheds 12,000 Sq. feet 9.00 108,000.00
the local Environment Studs 6 Nos. 5,550.00 33,300.00
Other required equipments and
15,000.00 15,000.00
utensils
Animal feed Manufacturing Plant 01 No. 13,350.00 13,350.00
A Laboratory Building 50’x30’ 1500sq feet 40.00 60,000.00
 Laboratory Equipments 01 Set 17,600.00 17,600.00
Total Capital Cost - Dairy Sector 247,250.00
4. Aquiring Vehicles Tractor with 90hp 35 260,000.00 9,100,000.00
Tractor with 120hp 35 28,600.00 1,001,000.00
Tractor with 140hp 10 29,700.00 297,000.00
1210 Lorries 5 33,500.00 167,500.00
Milk Transporting Vehicles 8 60,000.00 480,000.00
Cooler Trucks 5 14,000.00 70,000.00
4x4 Double Cabs 20 37,200.00 744,000.00
Total 11,859,500.00
Grand Total 116,070,975.00

Table 6 - Cost of Project - US$

'000
Item Equity Loan Total
Pre-Operative expences 25,000,000.00 25,000,000.00
Buildings 14,988,000.00 14,988,000.00
Plant & Mechinery 33,185,350.00 33,185,350.00
Vehicle 11,859,500.00 11,859,500.00
Other Equipments 5,057,600.00 5,057,600.00
Studs Stock 33,300.00 33,300.00
Cow Stock 925,000.00 925,000.00
Funiture & fittings 22,225.00 22,225.00
Contingency 13,732,025.00 13,732,025.00
Workig Capital 20,197,000.00 20,197,000.00
Total Project Cost 25,000,000.00 100,000,000.00 125,000,000.00

Debt Equity Ratio = 80%:20%

Note 1 - Sugar Cane Cultivation in Ten Years

Year 5
Year 1 hectares Year 2 hectares Year 3 Hectares Year 4 hectares
hectares
By Factory -Hectares Ratoon
New 3,500 Ratoon 3,500 Ratoon 3,500 Ratoon 3,500 3,500
Ratoon
New 3500 Ratoon 3,500 Ratoon 3,500 3,500
Ratoon
New 3500 Ratoon 3,500 3,500
Total By Factory 3,500 7,000 10,500 10,500 10,500
by Out-Growers Ratoon
New 2,200 Ratoon 2,200 Ratoon 2,200 Ratoon 2,200
2,200
Grand Total 5,700 9,200 12,700 12,700 12,700

Note 2 Projected Annual Production and Sales of Sugar Sector in Ten Years
Year 1 Year 2 Year 3 Year 4 Year 5
Cane Harvest mt.(From Factory Lands) 280,000 560,000 840,000 840,000
Cane Harvest mt. (From Out Grower Lands) 176,000 176,000 176,000 176,000
Total Cane Harvest mt. 456,000 736,000 1,016,000 1,016,000
Total Sugar Production mt. 36,480 58,880 81,280 81,280
Total Ethanol Production mt. 6,840 11,040 15,240 15,240
Total Ethanol Production Lt.'000 1,368 2,208 3,048 3,048
packing-US$ 0.25/50kg Bag, US$ '000
182.40 294.40 406.40 406.40
Sales Sugar US$ '000 13,497.60 21,785.60 30,073.60 30,073.60
Sales Ethanol US$ '000 615.60 993.60 1,371.60 1,371.60
Total Sales US$ '000 14,113.20 22,779.20 31,445.20 31,445.20

Note 3 - Cost of Sugar Cultivation and Maintenance in Ten Years - US$ '000
Particulars Cost per Hectar US$ Year 1 Year 2 Year 3 Year 4

1.Drip system cost 225.00 787.50 787.50 787.50

2. Preparatory cultivation 205.00 717.50 717.50 717.50
3. Setts and planting 287.00 1,004.50 1,004.50 1,004.50
4.Crop maintenance 155.00 542.50 542.50 542.50 542.50
5. Fertilizers cost 100.00 350.00 350.00 350.00 350.00
6. Irrigation/ Drip fertigation 55.00 192.50 192.50 192.50
7.Weeding 55.00 192.50 192.50 192.50 192.50
8. Plant protection 95.00 332.50 332.50 332.50 332.50
9. Herbigation 25.00 87.50 87.50 87.50 87.50
10. Chlorine treatment 12.00 42.00 42.00 42.00 42.00
11.Acid treatment 14.50 50.75 50.75 50.75 50.75
12.Micro nutrients 16.50 57.75 57.75 57.75 57.75
13.Harvesting 905.00 3,167.50 3,167.50 3,167.50 1,655.50
14. Direct Labour Employed by the
Company 60.38 60.38 60.38 60.38
Total 2,150.00 7,585.38 7,585.38 7,585.38 3,311.00

Table 6 - Propossed Cader & Remuneration - US$ '000

Total
Wage/ Salary per Total Wage/ Salary per Annual
Category No.of Employees EPF & ETF 15%
Month/ Head Month/Head Labour
Cost
Plantation Section
Agriculture Supirintandent 5 0.60 0.09 0.69 41.40
Agriculture Assistant 20 0.30 0.05 0.35 82.80
Cutting Machine Operator 2 0.40 0.06 0.46 11.04
Tractor Driver 80 0.25 0.04 0.29 276.00
Labourers - Sugar Industry 25 0.20 0.03 0.23 69.00
Total 132 480.24
Dairy Industry
Labourers - Dairy Industry 345 0.20 0.03 0.23 952.20
Veternary Surgeon 12 0.75 0.11 0.86 124.20
Dairy Attendent 1 0.60 0.09 0.69 8.28
Machine Operators 10 0.40 0.06 0.46 55.20
Labourers 15 0.20 0.03 0.23 41.40
Prduction Manager 1 0.75 0.11 0.86 10.35
Assistant Production Manager 1 0.60 0.09 0.69 8.28
Total 385 1,199.91
Sugar Mnufacturing Section Direct Labour
Crane operator 3 0.40 0.06 0.46 16.56
Feeder Table operator 3 0.40 0.06 0.46 16.56
Cane Carrier Operator 3 0.40 0.06 0.46 16.56
Mill Control Panel Operators 3 0.40 0.06 0.46 16.56
Mill Turbine Operators 3 0.40 0.06 0.46 16.56
Mill Turbine Helper 6 0.25 0.04 0.29 20.70
Compressor Operator/ Bagasse Conveyor
3 0.40 0.06 0.46 16.56
Operator
Boiler operator 3 0.40 0.06 0.46 16.56
Boiler Operator Helper 3 0.25 0.04 0.29 10.35
Bagasse Yard Tractor Operator 3 0.40 0.06 0.46 16.56
Bagasse Yard Conveyor Operator 3 0.40 0.06 0.46 16.56
Liming Juice Tank Operator 3 0.40 0.06 0.46 16.56
Primary Juice Heater Operator 3 0.40 0.06 0.46 16.56
Primary Juice Heater Helper 3 0.25 0.04 0.29 10.35
Liming Juice Tank Operator 3 0.40 0.06 0.46 16.56
Secodary Juice Heater Operator 3 0.40 0.06 0.46 16.56
Clerifier Clash Tank Operator 3 0.40 0.06 0.46 16.56
Clerifier Juice Tank Mudfilter Operator 3 0.40 0.06 0.46 16.56
Clear Juice Evaporator Vessel Operator 3 0.40 0.06 0.46 16.56
Panman Operater 3 0.40 0.06 0.46 16.56
Panman Operater Assistant 3 0.30 0.05 0.35 12.42
Panman Operater Helper 6 0.25 0.04 0.29 20.70
Centrifugal Operater 3 0.40 0.06 0.46 16.56
Massiute Crystalizer Operator 1 0.40 0.06 0.46 5.52
B Mgma Operator 3 0.40 0.06 0.46 16.56
C Magma Operator 3 0.40 0.06 0.46 16.56
Dryer 3 0.40 0.06 0.46 16.56
Bagging Machine Operater 3 0.40 0.06 0.46 16.56
Shaving Machine Operater 3 0.40 0.06 0.46 16.56
Shaving Machine Helper 3 0.25 0.04 0.29 10.35
Labourers 15 0.20 0.03 0.23 41.40
Total 109 - 512.67
Marketing -
Sales Representative 10 0.40 0.06 0.46 55.20
Sale Helpers 10 0.20 0.03 0.23 27.60
Drivers 10 0.25 0.04 0.29 34.50
Total 30 117.30
Factory Maintenance
Equipment Manager/Mechanical Engneer 1 0.55 0.08 0.63 7.59
Engineer Assistant 4 0.30 0.05 0.35 16.56
Electrician 3 0.40 0.06 0.46 16.56
Electrician Helper 6 0.20 0.03 0.23 16.56
General Shift Electrician 1 0.30 0.05 0.35 4.14
General Shift Electrician Helper 2 0.25 0.04 0.29 6.90
Automobile Electrician 2 0.30 0.05 0.35 8.28
Instrument Tecnician 3 0.30 0.05 0.35 12.42
Lathe Machine Operator 5 0.40 0.06 0.46 27.60
Lathe Machine Helper 5 0.25 0.04 0.29 17.25
Playining Machine Operator 1 0.40 0.06 0.46 5.52
Playining Machine Helper 1 0.25 0.04 0.29 3.45
Driling Machine Operator 2 0.40 0.06 0.46 11.04
Driling Machine Helper 2 0.25 0.04 0.29 6.90
Universal Milling Machine Operator 2 0.40 0.06 0.46 11.04
Universal Milling Machine Helper 2 0.25 0.04 0.29 6.90
Drersh Machine Operator 1 0.40 0.06 0.46 5.52
Drersh Machine Helper 1 0.25 0.04 0.29 3.45
Bending Machine Operator 1 0.40 0.06 0.46 5.52
Bending Machine Hlper 1 0.25 0.04 0.29 3.45
Transfomer Welder 10 0.30 0.05 0.35 41.40
Gas Cutter/Mig Plant Telving Machine Ope 1 0.40 0.06 0.46 5.52
Gas Cutter/Mig Plant Telving Machine Hel 1 0.25 0.04 0.29 3.45
Fitter 5 0.30 0.05 0.35 20.70
Blacksmith 1 0.30 0.05 0.35 4.14
Blacksmith - Helper 2 0.25 0.04 0.29 6.90
Cutting Machine Operator 1 0.40 0.06 0.46 5.52
Cutting Machine Helper 2 0.25 0.04 0.29 6.90
Total 69 291.18
Administration Section
Chairman 1 125.00 18.75 143.75 1,725.00
Managing Director 1 125.00 18.75 143.75 1,725.00
Director - Plantation & Civil Construction 1 100.00 15.00 115.00 1,380.00
Director - Administration & Security 1 100.00 15.00 115.00 1,380.00
Director - Production 1 100.00 15.00 115.00 1,380.00
Director 1 100.00 15.00 115.00 1,380.00
Manager - HR & Administration 1 0.75 0.11 0.86 10.35
Manager - Sugar Factory 1 0.75 0.11 0.86 10.35
Manager - Distillery 1 0.75 0.11 0.86 10.35
Manager - Plantation 1 0.75 0.11 0.86 10.35
Manager - Dairy Industry 1 0.75 0.11 0.86 10.35
Manager - Marketing 1 0.75 0.11 0.86 10.35
Assistant Manager - Dairy Industry 2 0.60 0.09 0.69 16.56
Chief Engineer 1 0.85 0.13 0.98 11.73
Electrical Engineer 1 0.75 0.11 0.86 10.35
Electrical Engineer Assistant 3 0.60 0.09 0.69 24.84
Chemical Engineer 1 0.75 0.11 0.86 10.35
Chemical Engineer Assistant 6 0.60 0.09 0.69 49.68
Automobile Engineer 1 0.75 0.11 0.86 10.35
Automobile Engineer Assistant 2 0.60 0.09 0.69 16.56
Cheaf Strores Keeper 1 0.60 0.09 0.69 8.28
Stores Keeper 5 0.45 0.07 0.52 31.05
Stores Manager 1 0.50 0.08 0.58 6.90
Chief Accountant 1 0.75 0.11 0.86 10.35
Assistant Accountant 2 0.60 0.09 0.69 16.56
Superviser - Sugar Factory 3 0.40 0.06 0.46 16.56
Superviser - Dairy Factory 3 0.40 0.06 0.46 16.56
Clerk- Plantation 5 0.25 0.04 0.29 17.25
Clerk- Stores 10 0.25 0.04 0.29 34.50
Clerk- Accounts 2 0.25 0.04 0.29 6.90
Clerk- General 10 0.25 0.04 0.29 34.50
Civil Engineer 1 0.75 0.11 0.86 10.35
Surveyer 1 0.75 0.11 0.86 10.35
Helper 3 0.25 0.04 0.29 10.35
Masons 2 0.30 0.05 0.35 8.28
Helper 2 0.25 0.04 0.29 6.90
Carpenters 2 0.30 0.05 0.35 8.28
Helper 2 0.25 0.04 0.29 6.90
Labourers 15 0.20 0.03 0.23 41.40
Total 100 9,484.74
Grand Total 825 12,086.04

Note 4 - Annual Production in Hybrid Unit in Ten Years

Stock No. of Calves
produced (after
mortality) Stocks for
Expansion
Year Male Female (Female)
Year l 1,000 0 0 0 0
Year ll 1,000 900 450 450 450
Year lll 1,450 1305 653 653 653
Year lV 2,103 1893 946 946 946
Year V 3,049 2744 1372 1372 1372
Year Vl 4,421 3979 1989 1989 1989
Year Vll 6,410 5769 2885 2885 2590
Year Vlll 9,000 8100 4050 4050 0
Year lX 9,000 8100 4050 4050 0
Year X 9,000 8100 4050 4050 0

Note 5 - Expenses of Cow Feed - US$ '000

Annual Cow Feed Annual
Coct of cow feed @
Year No. of Cows Requirement Mt. No.of Caves Cow Feed
US$ 225/mt
@ 10mt/cow Requireme
Year l 1,000 10,000 2,250.00
Year ll 1,000 10,000 2,250.00 900 495.00
Year lll 1,450 14,500 3,262.50 1305 717.75
Year lV 2,103 21,030 4,731.75 1892 1040.60
Year V 3,049 30,490 6,860.25 2744 1509.20
Year Vl 4,421 44,210 9,947.25 3978 2187.90
Year Vll 6,410 64,100 14,422.50 5769 3172.95
Year Vlll 9,294 92,940 20,911.50 8365 4600.75
Year lX 13,476 134,760 30,321.00 12129 6670.95
Year X 19,541 195,410 43,967.25 17587 9672.85

Note 6 - Sale of Male & additional Female Caves - US$ '000

Female
Male SalesTotal Selling
Year No. of Male Male Selling Price No. of Female Price
Year l 0 - 0 0
Year ll 0 - 0 0
Year lll 450 0.25 112.50 0 0.35
Year lV 653 0.25 163.25 0 0.05
Year V 946 0.25 236.50 0 0.05
Year Vl 1372 0.25 343.00 0 0.05
Year Vll 1989 0.25 497.25 295 0.05
Year Vlll 2885 0.25 721.25 4,050 0.05
Year lX 4050 0.25 1,012.50 4,050 0.05
Year X 4050 0.25 1,012.50 4,050 0.05

Note 7 - Projected Annual Milk Production and Processing in Ten Years

Annual Milk Quantity of Raw Milk Quantity of Raw Milk Quantity of
Cows Stock in the Farm
Production Lt. in the used to Produce used to Produce Liquid Raw Milk
Farm Yoghurt Lt. Milk Lt used to
Year I 1,000
Year II 1,000 14,600,000.00 7,150,000 3,650,000
Year III 1,450 21,170,000.00 14,300,000 6,870,000
Year IV 2,103 30,703,800.00 14,300,000 7,300,000 9,103,800
Year V 3,049 44,515,400.00 21,450,000 10,950,000 ########
Year VI 4,421 64,546,600.00 21,450,000 10,950,000 ########
Year VII 6,410 93,586,000.00 21,450,000 10,950,000 ########
Year VIII 9,000 131,400,000.00 21,450,000 10,950,000 ########
Year IX 9,000 131,400,000.00 21,450,000 10,950,000 ########
Year X 9,000 131,400,000.00 21,450,000 10,950,000 ########

Note 8 - Projected Annual Liquid Milk and Powdered Milk Production in Ten Years
Quantity of Liquid Quantity of Raw Quantity of Raw Milk Quantity of
Quantity of Raw Milk used to
Milk Produce after Milk used to Produce Used after removing Fat to Powdered
Year Produce Liquid Milk Lt
removing Fat Lt Powdered Milk Lt. Produse Powdered Milk Milk
Year l
Year ll 3,650,000 3,504,000
Year lll 6,870,000 6,595,200
Year lV 7,300,000 7,008,000 9,103,800 8,739,648 1,136,154
Year V 10,950,000 10,512,000 12,115,400 11,630,784 1,512,002
Year Vl 10,950,000 10,512,000 32,146,600 30,860,736 4,011,896
Year Vll 10,950,000 10,512,000 61,186,000 58,738,560 7,636,013
Year Vlll 10,950,000 10,512,000 87,600,000 84,096,000 ########
Year lX 10,950,000 10,512,000 87,600,000 84,096,000 ########
Year X 10,950,000 10,512,000 87,600,000 84,096,000 ########

Note 9 - Annual Sales of Dairy Products US$ '000

Item Year l Year Il Year III Year IV Year V
Liquid Milk 4,029.60 7,584.48 10,512.00 12,088.80
Powdered Milk 4,970.67 6,615.01
Yoghurt 12,659.79 25,319.58 25,319.58 37,979.37
Addeitional Raw Milk 1,520.00
Total Sales 18,209.39 32,904.06 40,802.25 56,683.18

Note10 - Quantity & Cost of Raw Material used to Produce Yoghurt

Quantity of Cream Quantity of
Quantity of Raw Milk used to removed Milk used Quantity of Sugar Vanila used
Produce Yoghurt Lt to Produce Yoghurt used to Produce to Produce
 Produce Yoghurt Lt. to Produce Yoghurt
Year Lt. Yoghurt Kg. Cost of Sugar US$ '000 Yoghurt Lt.
Year I
Year II 7,150,000 6,864,000 755,040 528.53 13,728
Year III 14,300,000 13,728,000 1,510,080 1,057.06 27,456
Year IV 14,300,000 13,728,000 1,510,080 1,057.06 27,456
Year V 21,450,000 20,592,000 2,265,120 1,585.58 41,184
Year VI 21,450,000 20,592,000 2,265,120 1,585.58 41,184
Year VII 21,450,000 20,592,000 2,265,120 1,585.58 41,184
Year VIII 21,450,000 20,592,000 2,265,120 1,585.58 41,184
Year IX 21,450,000 20,592,000 2,265,120 1,585.58 41,184
Year X 21,450,000 20,592,000 2,265,120 1,585.58 41,184

Note 11 - Annual Production of Yoghurt & Cost of Packing

Quantity of 80ml
Yoghurt Cups Total
Cost Of Cups US$
Produce in Ten Cost of Corrugated Carton Packing
'000
Year Quantity of Yoghurt Mixture Lt. Years US$ '000 Cost

Year I
Year II 7,790,640 97,383,000 2,921.49 676.27 3,597.76
Year III 15,581,280 194,766,000 5,842.98 1,352.54 7,195.52
Year IV 15,581,280 194,766,000 5,842.98 1,352.54 7,195.52
Year V 23,371,920 292,149,000 8,764.47 2,028.81 10,793.28
Year VI 23,371,920 292,149,000 8,764.47 2,028.81 10,793.28
Year VII 23,371,920 292,149,000 8,764.47 2,028.81 10,793.28
Year VIII 23,371,920 292,149,000 8,764.47 2,028.81 10,793.28
Year IX 23,371,920 292,149,000 8,764.47 2,028.81 10,793.28
Year X 23,371,920 292,149,000 8,764.47 2,028.81 10,793.28

Note 12 - Packing Cost Cost of Liquid Milk US$ '000

Packing Material Year 1 Year 2 Year 3 Year 4 Year 5
01 Lt. Tetra Packets @ Rs.35.00 each 911.04 1,822.08 1,822.08 2,847.00
Corrugated Cartons @ Rs. 75.00 (Pack12 pts) 160.60 321.20 321.20 501.88
Total 1,071.64 2,143.28 2,143.28 3,348.88

Note 13 - Packing Cost of Powdered Milk, US$ '000

Packing Material Year 1 Year 2 Year 3 Year 4 Year 5
packing Cost @ US$ 0.12/400gr packet 340.85 453.60
Corrugated Cartons @US$ 0.55/12 packets 130.18 173.25
Total 471.03 626.85

Note 14 - Factory Over head Expenses US$ '000

Year 1 Year 2 Year 3 Year 4 Year 5

Labour cost 145.59 291.18 291.18 291.18

Material Cost 14.00 22.00 22.00 30.00
Total 159.59 313.18 313.18 321.18

Note 15 - Selling & Distribution Expenses, US$, 000

Item Year l Year ll Year lll Year lV Year V
Salaries & Wages 19.55 117.30 117.30 117.30 117.30
Sales Promotion 30.86 185.19 222.25 222.25 222.25
Transport 7.50 45.00 59.25 59.25 75.00
Vehicle Maintenance 2.00 10.00 12.00 12.00 18.50
59.91 357.49 410.80 410.80 433.05

Note 16 - Administration and Establishment Expense, US$ '000

Item Year l Year ll Year lll Year lV Year V
Salaries 3,161.58 9,484.74 9,484.74 9,484.74 9,484.74
Vehical Licensing 3.75 3.75 3.75 3.75 3.75
Vehicle Maintenance 0.75 1.5 2.75 2.75 2.75
Fuel 20.70 20.70 20.70 20.70 20.70
Electricity 8.50 8.50
Printing,Telephone and Postage 4.00 4.00 4.00 4.00 4.00
Audit Fees 0.4 0.4 0.4 0.4 0.4
Miscellaneous 4.45 4.45 4.45 4.45 4.45
Total 3,204.13 9,528.04 9,520.79 9,520.79 9,520.79

Note 17- Depreciation US$ '000

Item Purchasing Cost Depreciation
Building @ 5% 14,988,000.00 749.40
Plant & Mechinery @ 7.5% 33,185,350.00 2,488.90
Vehicle @ 20% 11,859,500.00 2,371.90
Equipments @ 10% 5,057,600.00 505.76
Furniture and Fittings @ 20% 22,225.00 4.45
Total 6,120.41

Note 18 - Loan Repayment - US$ '000

Year l Year ll Year lll Year lV Year V
Opening Balance of Loan 100,000.00 100,000.00 100,000.00 87,500.00 75,000.00
Repayment 12,500.00 12,500.00 12,500.00
Closing Balance of Loan 100,000.00 100,000.00 87,500.00 75,000.00 62,500.00
Average Balance of Loan 100,000.00 100,000.00 93,750.00 81,250.00 68,750.00
Annual Interest 1,500.00 1,500.00 1,406.25 1,218.75 1,031.25

Table 12 - ighlights of Financial Projectin for Ten Years

Year l Year ll Year lll Year lV Year V
Total Hectars of Cultivation 5,700 9,200 12,700 12,700 12,700
Total Cane Harvest mt. 456,000 736,000 1,016,000 1,016,000
Total Sugar Production mt. 36,480 58,880 81,280 81,280
Total Ethanol Production Lt.'000 1,368 2,208 3,048 3,048
Total Sugar & Ethanol Sales Rs.mn 37,848.00 61,088.00 84,328.00 84,328.00
Cow Stock 1,000 1,000 1,450 2,103 3,049
Annual Milk Production Lt.'000 14,600 21,170 30,704 44,515
Annual Dairy Sales Rs.mn 2,469.49 4,508.57 5,244.07 7,752.16
total Sales Rs.mn 40,317.49 65,596.57 89,572.07 92,080.16
Total Variable Expenses 2,038.10 2,859.34 4,433.79 4,253.87 5,113.28
Gross Profit Rs.mn (1,408.10) 1,516.15 3,150.78 5,237.20 6,885.88
Total Fixed Costs 72.96 152.00 177.48 176.48 181.28
Profit Before Int,Dep, & Tax (1,481.06) 1,364.15 2,973.30 5,060.72 6,704.62
Annual Interest of the Loan 803.25 203.85 190.54 165.11 139.89
Annual Depreciation 634.20 634.20 634.20 634.20 634.20
Tax 79.02 322.28 639.21 889.61
Net Profit After Int, Dep, & Tax (2,318.51) 447.70 1,826.28 3,622.20 5,041.10
Net Profit /Sales Ratio % 12.04 28.33 44.9 49.43
Return On Investment % 2.41 15.89 32.52 34.73
Break Even Point-Sales 2,855.48 2,412.55 2223.49 1724.14
Debt Service Cover Ratio 01:00.7 01:01.4 01:01.9 1:03
 Year 6 Year 7 Year 8 Year 9 Year 10
hectares hectares hectares hectares hectares
 New Ratoon Ratoon Ratoon
3,500 Ratoon 3,500 3,500 3,500 3,500
Ratoon New Ratoon Ratoon Ratoon
3,500 3,500 3,500 3,500 3,500
Ratoon New Ratoon Ratoon
3,500 Ratoon 3,500 3,500 3,500 3,500
10,500 10,500 10,500 10,500 10,500
New Ratoon Ratoon Ratoon
Ratoon 2,200
2,200 2,200 2,200 2,200
12,700 12,700 12,700 12,700 12,700

Year 6 Year 7 Year 8 Year 9 Year 10

840,000 840,000 840,000 840,000 840,000
176,000 176,000 176,000 176,000 176,000
1,016,000 1,016,000 1,016,000 1,016,000 1,016,000
81,280 81,280 81,280 81,280 81,280
15,240 15,240 15,240 15,240 15,240
3,048 3,048 3,048 3,048 3,048

406.40 406.40 406.40 406.40 406.40

30,073.60 30,073.60 30,073.60 30,073.60 30,073.60
1,371.60 1,371.60 1,371.60 1,371.60 1,371.60
31,445.20 31,445.20 31,445.20 31,445.20 31,445.20

Year 5 Year 6 Year 7 Year 8 Year 9 Year 10

787.50 787.50 787.50

717.50 717.50 717.50
1,004.50 1,004.50 1,004.50
542.50 542.50 542.50 542.50 542.50 542.50
350.00 350.00 350.00 350.00 350.00 350.00
192.50 192.50 192.50
 192.50 192.50 192.50 192.50 192.50 192.50
332.50 332.50 332.50 332.50 332.50 332.50
87.50 87.50 87.50 87.50 87.50 87.50
42.00 42.00 42.00 42.00 42.00 42.00
50.75 50.75 50.75 50.75 50.75 50.75
57.75 57.75 57.75 57.75 57.75 57.75
1,655.50 3,167.50 3,167.50 3,167.50 1,655.50 1,655.50

60.38 60.38 60.38 60.38 60.38 60.38

1,655.50 7,585.38 7,585.38 7,585.38 3,371.38 3,371.38
Stock for
sale
(Female)
0
0
0
0
0
0
295
4050
4050
4050

Coct of
calf feed @ Total Cost
US$
2,250.00
183.15 2,433.15
265.57 3,528.07
 385.02 5,116.77
558.40 7,418.65
809.52 10,756.77
1173.99 15,596.49
1702.28 22,613.78
2468.25 32,789.25
3578.95 47,546.20

Female
Sales Total Grand Total
0 0
0 0
0.00 112.50
0.00 163.25
0.00 236.50
0.00 343.00
14.75 512.00
202.50 923.75
202.50 1,215.00
202.50 1,215.00

Quantity of Annual
Additional Milk Sales @
Raw Milk
lt. US$ 0.40/lt
Processed

######## 3,800,000 1,520

######## - -
######## - -
######## - -
######## - -
######## - -
 ######## 11,400,000 4,560
######## 11,400,000 4,560
######## 11,400,000 4,560

Year Vl Year VIl Year VIIl Year IX Year X

12,088.80 12,088.80 12,088.80 12,088.80 12,088.80
17,552.05 33,407.56 47,829.60 47,829.60 47,829.60
37,979.37 37,979.37 37,979.37 37,979.37 37,979.37
4,560.00 4,560.00 4,560.00
67,620.22 83,475.73 ######## ######## ########

Quantity of Quantity of Total Raw

Cost Of Culture used Cost Of Gelatin Cost Of Material
Vanila US$ to Produce Culture used to Gelatin Cost
 $
'000 Yoghurt Lt. US$ '000 Produce US$ '000 US$'000

205.92 109,824 120.81 48,048 576.58 1,431.83

411.84 219,648 241.61 96,096 158.56 1,869.07
411.84 219,648 241.61 96,096 158.56 1,869.07
617.76 329,472 362.42 144,144 237.84 2,803.60
617.76 329,472 362.42 144,144 237.84 2,803.60
617.76 329,472 362.42 144,144 237.84 2,803.60
617.76 329,472 362.42 144,144 237.84 2,803.60
617.76 329,472 362.42 144,144 237.84 2,803.60
617.76 329,472 362.42 144,144 237.84 2,803.60

Year 6 Year 7 Year 8 Year 9 Year 10

2,847.00 2,847.00 2,847.00 2,847.00 2,847.00
501.88 501.88 501.88 501.88 501.88
3,348.88 3,348.88 3,348.88 3,348.88 3,348.88

Year 6 Year 7 Year 8 Year 9 Year 10

1,203.57 2,290.80 3,279.74 3,279.74 3,279.74
459.70 874.96 15,032.16 15,032.16 15,032.16
1,663.27 3,165.76 18,311.90 18,311.90 18,311.90

Year 6 Year 7 Year 8 Year 9 Year 10

291.18 291.18 291.18 291.18 291.18

30.00 37.00 37.00 37.00 37.00
321.18 328.18 328.18 328.18 328.18

Year VI Year VII Year VIII Year IX Year X

117.30 117.30 117.30 117.30 117.30
185.19 148.15 133.35 88.90 75.00
75.00 75.00 75.00 75.00 75.00
20.75 22.00 22.00 22.00 22.00
398.24 362.45 347.65 303.20 289.30

Year VI Year VII Year VIII Year IX Year X

9,484.74 9,484.74 9,484.74 9,484.74 9,484.74
3.75 3.75 3.75 3.75 3.75
2.75 2.75 2.75 2.75 2.75
20.70 20.70 20.70 20.70 20.70
 4.00 4.00 4.00 4.00 4.00
0.4 0.4 0.4 0.4 0.4
4.45 4.45 4.45 4.45 4.45
9,520.79 9,520.79 9,520.79 9,520.79 9,520.79

Year VI Year VII Year VIII Year IX Year X

62,500.00 50,000.00 37,500.00 25,000.00 12,500.00
12,500.00 12,500.00 12,500.00 12,500.00 12,500.00
50,000.00 37,500.00 25,000.00 12,500.00 -
56,250.00 43,750.00 31,250.00 18,750.00 6,250.00
843.75 656.25 468.75 281.25 93.75

Year Vl Year Vll Year Vlll Year lX Year X

12,700 12,700 12,700 12,700 12,700
1,016,000 1,016,000 1,016,000 1,016,000 1,016,000
81,280 81,280 81,280 81,280 81,280
3,048 3,048 3,048 3,048 3,048
84,328.00 84,328.00 84,328.00 84,328.00 84,328.00
 4,421 6,410 9,000 9,000 9,000
64,547 93,586 131,400 131,400 131,400
8,182.43 10,344.86 13,066.16 13,101.11 13,101.11
92,510.43 94,672.86 97,394.16 97,429.11 97,429.11
6,002.21 6,688.46 7,683.46 8,710.63 10,803.03
6,427.22 7,903.40 9,629.70 8,634.48 6,545.08
176.58 172.78 170.78 164.78 162.78
6,250.64 7,730.62 9,458.92 8,472.70 6,382.30
116.96 91.54 66.11 40.69 13.99
634.20 634.20 634.20 634.20 634.20
824.92 1,050.73 1,313.79 1,169.67 860.12
4,674.56 5,954.15 7,444.82 6,628.14 4,873.99
42.84 40.46 50.49 44.95 33.05
44.02 46.44 47.19 40.66 28.86
2106.27 1968.29 1569.29 1686.45 2149.52
1:03 01:03.7 01:04.6 01:04.2 01:02.9