Financial Analysis

INCOME AND EXPENDITURE REPORT

Budgeted Sales& Cash flow Forecast for Year 1 Jan - Dec 2003 Annual Budgets Sales Subscription Exclusive package £100 * Unit Regular Package £55 * Unit Advertisement National Airtime Local Airtime Other Interactive Govt Grant

£2,637,426

Jan

Feb

Mar

Apr

May

Jun

£0

£0

£0

£0

£0

£150,000

£0 £0 £0 £0 £0 0 0 0 0 0 £0 £0 0 (Average sales increase of 30%) 0 £2,637,426 £0 £0 £0 £0 £0 £879,142 £7,726 average package costing less than national radio £1,758,284 £3,597 average package costing less than local radio £0

£0 0 £150,000 £50,000 £100,000

Channel ISLAM Interactive : Read Year 2

1. Exceptional Project : smart

COSTS Broadcasting £1,250,506 £145,560 Infrastructure £715,000 £102,143 Internal resources £521,000 £43,417 ITC loyalties £14,506 £0 Production £1,312,000 £418,000 In-House Production £664,000 £364,000 Out Sourced projects £375,000 £31,250 On-shelf programs £273,000 £22,750

£145,560 £102,143 £43,417 £0 £81,273 £27,273 £31,250 £22,750

2. Creative Advantage

£145,560 £145,560 £145,560 £146,385 £102,143 £102,143 £102,143 £102,143 £43,417 £43,417 £43,417 £43,417 £0 £0 £0 £825 £81,273 £81,273 £81,273 £81,273 £27,273 £27,273 £27,273 £27,273 £31,250 £31,250 £31,250 £31,250 £22,750 £22,750 £22,750 £22,750

Cost of sales Gross Profit

£2,562,506 £563,560 £226,832 £226,832 £226,832 £226,832 £227,657 £74,920 -£563,560 -£226,832 -£226,832 -£226,832 -£226,832 -£77,657

Operations & Mgt Personnel (Units) Labour costs Property Bills & Rates Marketing & PR Stationary CI Interactive

£1,676,000 43 £793,000 £250,000 £100,000 £183,000 £50,000 £300,000

£62,167 20 £28,000 £20,833 £8,333 £30,000 £4,167 £25,000

£72,167 25 £35,000 £20,833 £8,333 £33,000 £4,167 £25,000

£66,167 30 £42,000 £20,833 £8,333 £20,000 £4,167 £25,000

Operating Cost TOTAL COST

£1,676,000 £116,333 £4,238,506 £742,060

£126,333 £425,332

£120,333 £115,933 £121,533 £124,333 £413,332 £404,532 £415,732 £422,157

OTHER INCOME Net Profit

£61,767 34 £47,600 £20,833 £8,333 £10,000 £4,167 £25,000

£67,367 38 £53,200 £20,833 £8,333 £10,000 £4,167 £25,000

£70,167 40 £56,000 £20,833 £8,333 £10,000 £4,167 £25,000

see projected sales for CI Interactive -£1,601,080 -£679,893 -£353,166 -£347,166 -£342,766 -£348,366 -£201,991 JAN

FEB

YEAR 1 : 2003

MAR

APR

MAY

JUN

INCOME AND EXPENDITURE REPORT

Budgeted Sales& Cash flow Forecast for Year 1 Jul

Aug

Sep

Oct

Nov

Dec

£195,000 £253,500 £329,550 £428,415 £556,940 £724,021 Budgets Sales Subscription Exclusive package £100 * 10,000 £0 £0 £0 £0 £0 £0 Regular Package 0 0 0 0 0 0 £55 * 40,000 £195,000 £253,500 £329,550 £428,415 £556,940 £724,021 Advertisement £65,000 £84,500 £109,850 £142,805 £185,647 £241,340 National Airtime £130,000 £169,000 £219,700 £285,610 £371,293 £482,681 Local Airtime Other Interactive 3. Dept of Culture grant Govt Grant

£146,632 £102,143 £43,417 £1,073 £81,273 £27,273 £31,250 £22,750

£44,811 £0 £43,417 £1,394 £81,273 £27,273 £31,250 £22,750

£45,229 £0 £43,417 £1,813 £81,273 £27,273 £31,250 £22,750

£45,773 £0 £43,417 £2,356 £81,273 £27,273 £31,250 £22,750

£46,480 £0 £43,417 £3,063 £81,273 £27,273 £31,250 £22,750

£47,399 £0 £43,417 £3,982 £81,273 £27,273 £31,250 £22,750

COSTS Broadcasting Infrastructure Internal resources ITC Licence loyalties Production In-House Production Out Sourced projects On-shelf programs

£227,905 £126,084 £126,502 £127,046 £127,753 £128,672 Cost of sales -£32,905 £127,416 £203,048 £301,369 £429,187 £595,350 Gross Profit £72,967 42 £58,800 £20,833 £8,333 £10,000 £4,167 £25,000

£74,367 43 £60,200 £20,833 £8,333 £10,000 £4,167 £25,000

£74,367 £43 £60,200 £20,833 £8,333 £10,000 £4,167 £25,000

£74,367 £43 £60,200 £20,833 £8,333 £10,000 £4,167 £25,000

£74,367 £134,567 Operations & Mgt £43 £43 Personnel (Units) £60,200 £110,400 Labour costs £20,833 £20,833 Property £8,333 £8,333 Bills & Rates £10,000 £20,000 Marketing & PR £4,167 £4,167 Stationary £25,000 £25,000 CI Interactive

£127,133 £128,533 £128,533 £128,533 £128,533 £188,733 Operating Cost £428,005 £328,984 £329,402 £329,946 £330,653 £451,972 TOTAL COST OTHER INCOME -£160,038 -£1,117 JUL

AUG

£74,515 £172,836 £300,654 £406,617 Net Profit SEP

OCT

NOV

DEC

YEAR 1 : 2003

INCOME AND EXPENDITURE REPORT

Budgeted Sales& Cash flow Forecast for Year 2 Jan - Dec 2004 Annual

Jan

Feb

Mar

Apr

May

Jun

£433,100

£275,410

£302,951

Budgets Sales

£4,613,658 £300,000 £310,000 £421,000

Subscription Exclusive package £100 * Unit Regular Package £55 * Unit Advertisement National Airtime Local Airtime Other Interactive Govt Grant

£1,000,000 £200,000 £200,000 £300,000 £300,000 10,000 2,000 2,000 3,000 3,000 £1,475,230 £0 £0 £0 £0 £129,000 £141,900 26,822 0 0 0 0 2,345 2,580 £2,138,428 £100,000 £110,000 £121,000 £133,100 £146,410 £161,051 £748,450 £35,000 £38,500 £42,350 £46,585 £51,244 £56,368 £1,389,978 £65,000 £71,500 £78,650 £86,515 £95,167 £104,683 £0 Channel ISLAM Interactive : Begin operation to realise revenue on year 3 1. Exceptional Project : smart 2. Creative Advantage

COSTS Broadcasting £1,261,375 £162,650 £101,705 £102,316 Infrastructure £715,000 £100,000 £100,000 £100,000 Internal resources £521,000 £61,000 ITC Licence loyalties £25,375 £1,650 £1,705 £2,316 Production £1,000,000 £106,000 £81,273 £81,273 In-House Production £352,000 £52,000 £27,273 £27,273 Out Sourced projects £375,000 £31,250 £31,250 £31,250 On-shelf programs £273,000 £22,750 £22,750 £22,750

£22,382 £20,000

£1,515

£1,666

£2,382 £81,273 £27,273 £31,250 £22,750

£1,515 £81,273 £27,273 £31,250 £22,750

£1,666 £81,273 £27,273 £31,250 £22,750

Cost of sales Gross Profit

£2,261,375 £268,650 £182,978 £183,588 £2,352,283 £31,350 £127,022 £237,412

£103,655 £329,445

£82,787 £192,623

£82,939 £220,012

Operations & Mgt Personnel (Units) Labour costs Property Bills & Rates Marketing & PR Stationary CI Interactive

£1,732,000 44 £849,000 £250,000 £100,000 £183,000 £50,000 £300,000

£94,917 44 £70,750 £20,833 £8,333 £20,000 £4,167 £25,000

£84,917 44 £70,750 £20,833 £8,333 £10,000 £4,167 £25,000

£84,917 44 £70,750 £20,833 £8,333 £10,000 £4,167 £25,000

£84,917 44 £70,750 £20,833 £8,333 £10,000 £4,167 £25,000

Operating Cost TOTAL COST

£1,732,000 £159,083 £162,083 £149,083 £3,993,375 £532,650 £452,978 £427,588

£139,083 £327,655

£139,083 £306,787

£139,083 £306,939

OTHER INCOME Net Profit

£104,917 £107,917 44 44 £70,750 £70,750 £20,833 £20,833 £8,333 £8,333 £30,000 £33,000 £4,167 £4,167 £25,000 £25,000

see projected sales for CI Interactive £620,283 -£127,733 -£35,061

£88,328

£190,362

£53,539

£80,929

JAN

MAR

APR

MAY

JUN

FEB

YEAR 2 : 2004

INCOME AND EXPENDITURE REPORT

Budgeted Sales& Cash flow Forecast for Year 2 Jul

Aug

Sep

Oct

Nov

£333,246

£366,571

£403,228

£443,551

£487,906

Dec £536,696 Budgets Sales

Subscription Exclusive package £100 * 10,000 £156,090 £171,699 £188,869 £207,756 £228,531 £251,385 Regular Package 2,838 3,122 3,434 3,777 4,155 4,571 £55 * 40,000 £177,156 £194,872 £214,359 £235,795 £259,374 £285,312 Advertisement £62,005 £68,205 £75,026 £82,528 £90,781 £99,859 National Airtime £115,151 £126,667 £139,333 £153,267 £168,593 £185,453 Local Airtime Average Advertisement sales increase of 15% Interactive 3. Dept of Culture grant Govt Grant COSTS Broadcasting Infrastructure Internal resources ITC Licence loyalties Production In-House Production Out Sourced projects On-shelf programs

£1,833

£2,016

£2,218

£2,440

£2,683

£2,952

£1,833 £81,273 £27,273 £31,250 £22,750

£2,016 £81,273 £27,273 £31,250 £22,750

£2,218 £81,273 £27,273 £31,250 £22,750

£2,440 £81,273 £27,273 £31,250 £22,750

£2,683 £81,273 £27,273 £31,250 £22,750

£2,952 £81,273 £27,273 £31,250 £22,750

£83,106 £250,141

£83,289 £283,282

£83,490 £319,737

£83,712 £359,838

£83,956 £403,949

£84,225 Cost of sales £452,472 Gross Profit

£84,917 44 £70,750 £20,833 £8,333 £10,000 £4,167 £25,000

£84,917 44 £70,750 £20,833 £8,333 £10,000 £4,167 £25,000

£84,917 44 £70,750 £20,833 £8,333 £10,000 £4,167 £25,000

£84,917 44 £70,750 £20,833 £8,333 £10,000 £4,167 £25,000

£84,917 44 £70,750 £20,833 £8,333 £10,000 £4,167 £25,000

£94,917 44 £70,750 £20,833 £8,333 £20,000 £4,167 £25,000

£139,083 £307,106

£139,083 £307,289

£139,083 £307,490

£139,083 £307,712

£139,083 £307,956

£149,083 Operating Cost £328,225 TOTAL COST

Operations & Mgt Personnel (Units) Labour costs Property Bills & Rates Marketing & PR Stationary CI Interactive

OTHER INCOME £111,057

£144,199

£180,654

£220,755

£264,866

JUL

AUG

SEP

OCT

NOV

YEAR 2 : 2004

£303,388 Net Profit DEC

INCOME AND EXPENDITURE REPORT

Budgeted Sales& Cash flow Forecast for Year 3 Jan - Dec 2005 Annual Budgets Sales Subscription Exclusive package £100 * Unit Regular Package £55 * Unit Advertisement National Airtime Local Airtime Other CI Interactive Govt Grant

Jan

Feb

Mar

Apr

Budgeted Sale May

Jun

£6,564,454 £232,500 £263,250 £298,200 £337,939 £383,139 £434,571

£0 £0 £0 £0 £0 0 0 0 0 0 £1,764,203 £82,500 £90,750 £99,825 £109,808 £120,788 £132,867 32,076 1,500 1,650 1,815 1,997 2,196 2,416 £4,350,250 £150,000 £172,500 £198,375 £228,131 £262,351 £301,704 £1,522,588 £52,500 £60,375 £69,431 £79,846 £91,823 £105,596 £2,827,663 £97,500 £112,125 £128,944 £148,285 £170,528 £196,107

Investment generated from proposal A £450,000 1. Exceptional Project : smart 2. Creative Advantage

COSTS Broadcasting £1,269,629 £162,279 £101,448 £101,640 Infrastructure £715,000 £100,000 £100,000 £100,000 Internal resources £521,000 £61,000 ITC Licence loyalties £33,629 £1,279 £1,448 £1,640 Production £1,000,000 £110,000 £81,273 £81,273 In-House Production £352,000 £56,000 £27,273 £27,273 Out Sourced projects £375,000 £31,250 £31,250 £31,250 On-shelf programs £273,000 £22,750 £22,750 £22,750

of CI.Interactive dea

£21,859 £20,000

£2,107

£2,390

£1,859 £81,273 £27,273 £31,250 £22,750

£2,107 £81,273 £27,273 £31,250 £22,750

£2,390 £81,273 £27,273 £31,250 £22,750

Cost of sales

£2,269,629 £272,279 £182,721 £182,913 £103,131

£83,380

£83,663

Gross Profit

£4,294,824 -£39,779

£80,529

£115,287 £234,807 £299,759 £350,908

Operations & Mgt Personnel (Units) Labour costs Property Bills & Rates Marketing & PR Stationary CI Interactive

£1,732,000 44 £849,000 £250,000 £100,000 £183,000 £50,000 £300,000

£66,333 20 £28,000 £30,000 £8,333 £15,250

£76,333 25 £35,000 £33,000 £8,333 £15,250

£70,333 30 £42,000 £20,000 £8,333 £15,250

£65,933 34 £47,600 £10,000 £8,333 £15,250

£71,533 38 £53,200 £10,000 £8,333 £15,250

£74,333 40 £56,000 £10,000 £8,333 £15,250

£81,583

£91,583

£85,583

£81,183

£86,783

£89,583

Operating Cost TOTAL COST

£1,732,000 £163,167 £183,167 £171,167 £162,367 £173,567 £179,167 £2,799,000 £385,500 £386,773 £368,773 £275,573 £272,373 £280,773

OTHER INCOME Net Profit

see projected sales for CI Interactive £3,765,454 -£202,945 -£102,637 -£55,879 JAN

FEB

MAR

YEAR 3 : 2005

£72,441 APR

£126,193 £171,741 MAY

Average A

JUN

INCOME AND EXPENDITURE REPORT

Budgeted Sales& Cash flow Forecast for Year 3 Jul

Aug

Sep

Oct

Nov

£493,113

£559,772

£635,700

£722,212

£820,817

Dec £933,241 Budgets Sales

Subscription Exclusive package £100 * Unit £146,154 £160,769 £176,846 £194,531 £213,984 £235,382 Regular Package 2,657 2,923 3,215 3,537 3,891 4,280 £55 * Unit £346,959 £399,003 £458,853 £527,681 £606,834 £697,859 Advertisement £121,436 £139,651 £160,599 £184,689 £212,392 £244,251 National Airtime £225,523 £259,352 £298,255 £342,993 £394,442 £453,608 Local Airtime Other of CI.Interactive deal with Al-Muntadah CI Interactive 3. Dept of Culture grant Govt Grant Average Advertisement sales increase of 15%

£2,712

£3,079

£3,496

£3,972

£4,514

£5,133

£2,712 £81,273 £27,273 £31,250 £22,750

£3,079 £81,273 £27,273 £31,250 £22,750

£3,496 £81,273 £27,273 £31,250 £22,750

£3,972 £81,273 £27,273 £31,250 £22,750

£4,514 £81,273 £27,273 £31,250 £22,750

£5,133 £81,273 £27,273 £31,250 £22,750

COSTS Broadcasting Infrastructure Internal resources ITC Licence loyalties Production In-House Production Out Sourced projects On-shelf programs

£83,985

£84,351

£84,769

£85,245

£85,787

£86,406

Cost of sales

£409,128

£475,421

£550,930

£636,967

£735,030

£846,835 Gross Profit

£77,133 42 £58,800 £10,000 £8,333 £15,250

£78,533 43 £60,200 £10,000 £8,333 £15,250

£78,533 £43 £60,200 £10,000 £8,333 £15,250

£78,533 £43 £60,200 £10,000 £8,333 £15,250

£78,533 £43 £60,200 £10,000 £8,333 £15,250

£138,733 £43 £110,400 £20,000 £8,333 £15,250

£92,383

£93,783

£93,783

£93,783

£93,783

Operations & Mgt Personnel (Units) Labour costs Property Bills & Rates Marketing & PR Stationary £153,983 CI Interactive

£184,767 £289,173

£187,567 £293,373

£187,567 £293,373

£187,567 £293,373

£187,567 £293,373

£307,967 Operating Cost £473,973 TOTAL COST OTHER INCOME

£224,361

£287,854

£363,364

£449,401

£547,464

JUL

AUG

SEP

OCT

NOV

YEAR 3 : 2005

£538,869 Net Profit DEC

Channel Islam Ltd. Confidential

Labour Costs Category A: Executive Director

Labour Costs Analysis

Page 7

Costs Analysis Average Pay Package

£32,000 Managing Director Marketing Broadcasting Creative B: Non Executive Director £29,000 Finance Operations C: Specialist £27,000 Management Accountant Corporate Media Lawyer Financial Accountant E: Manager £22,000 Marketing Sales Broadcsting Administration F: Skilled £20,000 3D Animation 3D Animation Editor * 3 Technician * 3 Researcher Jounalist/Presenters Jounalist/Presenters G: Semi Skilled £17,000 Broadcsting department Production department Operations Department H: Standard £14,000 Administration Team Creative department Sales Team

Unit

Total

4

£128,000

2

£58,000

3

£81,000

4

£88,000

7

£140,000

16

£272,000

13

£182,000

49

£949,000

Prepared by Syed MA Rahman 01/27/2012

Page 7

Activity Categories BROADCASTING

COST ANALYSIS Item Description

Per month

Annual Total

Licence - required to be paid in advance

ITC Licence Astra Satelitte Sky Platform NTL (Cable & Up-Link)

£833 £30,000 £7,917 £20,833 £59,583

£10,000 £360,000 £95,000 £250,000 £715,000

Equipments

Control Room Switcher Storage & Achiving Omneon Video Network Flip factory - Web streaming Mics Products HD 880 Lines Cameras * 3

£8,333 £6,250 £4,167 £1,000 £9,167 £5,000 £33,917 £1,667 £1,000 £2,083 £4,750 £9,500

£100,000 £75,000 £50,000 £12,000 £110,000 £60,000 £407,000 £20,000 £12,000 £25,000 £57,000 £114,000

Payments to be made in Installments (P.I.I)

Equipments

Information technology Stationary Assets

Control Room TOTAL

Total Broadcasting Cost PRODUCTION IN-HOUSE Studios - Fixures & Fittings (P.I.I)

£103,000 £1,236,000

News & Views (Fixed) Studio 1 (Medium) Studio 2 (Large) Studio 3 - Conversion Syst TOTAL

£1,250 £2,083 £2,500 £667 £6,500

£15,000 £25,000 £30,000 £8,000 £78,000

Production Crew Concessions Expenses

£21,667 £3,333 £5,000 £34,667 £5,833 £2,500 £5,833 £2,917 £14,167 £17,500 £13,750 £31,250 £9,167 £7,083 £5,000 £1,500 £22,750

£260,000 £40,000 £60,000 £416,000 £70,000 £30,000 £70,000 £35,000 £170,000 £210,000 £165,000 £375,000 £110,000 £85,000 £60,000 £18,000 £273,000

Programmes:

Studio Equipments (P.I.I)

OUT-SOURCED

ON THE SELF

Total Production Cost

SD 530+ Lines Cameras * 10 Planning Room Editing - Avid systems * 5 Editing suits * 5 Editing Projects Films Drama's Talkshows & Documentaries Other

£109,333 £1,312,000

OPERTIONS & MANAGEMENT EMPLOYEES (diect labour)

Recruitment Costs Executive Director Non Executive Director Specialist

£833 £10,667 £4,833 £6,750

£10,000 £128,000 £58,000 £81,000

Manager

£7,333

£88,000

Skilled

£11,667

£140,000

Semi-Skilled

£22,667

£272,000

Standard

£15,167

£182,000

£79,917

£959,000

Property - Lease & Deposit

£12,000

£144,000

Fitting and Fixutres

£6,667

£80,000

Maintenance Bills & Rates Computers and IT

£2,083 £1,833 £4,167 £26,750

£25,000 £22,000 £50,000 £321,000

Stationary Marketing & Promotions Miscellaneous

£1,000 £5,833 £5,000 £11,833

£12,000 £70,000 £60,000 £142,000

ASSESTS FIXED COSTS

OVERHEADS

Total Operations Cost

GRAND TOTAL COST

£118,500 £1,422,000

£330,833 £3,970,000

CHARTS TO ILLUSTRATE FINANCIAL PERFORMANCE OVER TIME To Illustrate the realationaship between the costs and revenue over time £1,200,000

Revenue and costs

£1,000,000 £800,000 £600,000

Revenue Cost

£400,000 £200,000 £0 Jan Feb Mar Apr May Jun Jul AugSept Oct Nov Dec Time

Revenue Performance £7,000,000 £6,000,000 £5,000,000 Sales Revenue Subscription Advertising

£4,000,000 £3,000,000 £2,000,000 £1,000,000 £0 1

2

3

4

5

cost Structure

6

0

1

2

3

4

5

6

7

8

9

10

Revenue Cost

Jan Feb £150,000 £160,000 £169,000 £346,000

Mar £177,000 £371,000

Apr May Jun Jul £262,000 £165,000 £261,000 £475,000 £245,000 £253,000 £253,000 £320,000

Aug Sept Oct Nov Dec £627,000 £720,000 £883,000 £895,000 £1,011,000 £280,000 £360,000 £353,000 £280,000 £286,000

Profit and Loss Account Year 1

Year 2

Year 3

Sales Revenue

£2,637,426

£4,613,658

£6,564,454

Subscription Advertising

£0 £2,637,426

£2,475,230 £2,138,428

£1,764,203 £4,350,250

Cost of Sales

£2,562,506

£2,261,375

£2,269,629

Gross Profit

£74,920

£2,352,283

£4,294,824

£1,676,000

£1,732,000

£1,732,000

Operating costs Other Income

£0 Profits from CI Interactive will be realised the end of 2005

CI Interactive

Net profit

-£1,601,080

£620,283

£2,562,824

Corporate tax

-£448,302

£173,679

£717,591

Profit after tax

-£1,152,778

£446,604

£1,845,233

Dividends

-£345,833

£133,981

£553,570

Retained Profits

-£806,944

£312,623

£1,291,663

-£35

£13

£55

Earnings per share Dividends per share NOTE:

CI Five year strategic development plan

Year 2003

Established in UK Market with comptetive advantage of Market learder of the Nieche Market, and also highly branded products and services.

Year 2004

Cross - Atlantic Broadcasting in USA and Canda will allow an initial raise in Revenue of revenue of 30.4% and Consequently also increasing initial costs both direct and indirect costs by almost 60% fir the commencing years There are also the benefits of tax relief and other financial benifits associated with multinational firms that maybe be reaped.

Year 2005

Global lauch, including in European countries will expectantly increase sales revenue by around 50%, whilst the total cost would double.

Year 2006 - onwards Fall in total cost through economies of scale and also greater strengh in buying power. Also increased streams of revenue should lower risks and aswell as balance the costs.

BALANCE SHEET

Year ending December 30th:

(000's) Year 1

Year 2

Year 3

Fixed Assets Tangible Asests

Intangible Assets

Leasehold premises

£480,000

£80,000 £78,000 £193,600 £232,320 £170,000 £301,630 £261,452 £407,000 £588,400 £530,080 £50,000 £260,000 £112,000 £1,035,000 £1,743,630 £1,615,852

License Astra & Cable platform Programmes

£10,000 £12,000 £14,400 £610,000 £832,000 £698,400 £416,000 £699,200 £439,040 £1,036,000 £1,543,200 £1,151,840 £2,071,000 £3,286,830 £2,767,692

Stock Prepayments Debtors Investments Cash at bank & in hand

£364,000 £636,800 £464,160 £350,000 £520,000 £224,000 £100,000 £120,000 £144,000 £150,000 £180,000 £216,000 £10,000 £312,000 £374,400 £974,000 £1,768,800 £1,422,560

Less: creditors: amouts falling within one year creditors Bank Overdraft tax

Net Current Asset working capital Total Assest less current liabilities Long-term Liabilities Net Asset Capital and reserves

£400,000

Fitting & Fixtures Studios Production Equipments Broadcasting Equipments Operations Equipments

Total Fixed Assets Current Assets

Current Liabilities

£250,000

£340,000 £408,000 £10,000 £12,000 £20,000 £24,000 £370,000 £444,000 £604,000 £1,324,800

£489,600 £14,400 £28,800 £532,800 £889,760

£1,701,000 £2,842,830 £2,234,892 £450,000

£540,000

£648,000

£1,251,000 £2,302,830 £1,586,892 authorised shares called up share capital Revenue reserves Debt capital other capital reserves Profit & loss

£3,300,000 £30,000 £700,000 £300,000 £46,000 £0

£0 £0 £0 £0 -£806,944

£0 £0 £0 £0 £312,623

£1,076,000

-£806,944

£312,623

RATIO ANALYSIS REPORT Year 1

Year 2

Year 3

turnover / net current asset

155%

162%

294%

debt capital / total capital

27.9%

0.0%

0.0%

Current asset / C. liabilities

2.6

4.0

2.7

Liquidity Ratio / Acid test

CA - Stocks + WP / CL

1.6

2.5

1.8

Return on capital employed

Net Profit / Total capital

-149%

-77%

820%

Net profit / Turnover

-60.7%

13.4%

39.0%

stocks / cost of sales * 365

52

103

75

Dividends / Number of shares

-£35

£13

£55

Asset Turnover Gearing Ratio Working capital

Net Profit Margin Stock turnover in days Dividends per share