NOTES

1. INVESTMENT SUMMARY

Year-1989

1990

23.500

71

1991

1992

1993

1994

6,500

14,150

500

350

4,000

49,000

2. OTHERS

-

Computer Upgrade ($1.4-l

The anticipated software and hardware costs for expanding the on line enquiry syster on airties booking situation and the music library will be in the region of HK$600,000 and $800,000 respectively.

Vehicles

($1.0-a)

The estimated cost of replacing 3 Company vans is $700,000. The Budget for the purchase of a company car for the General Manager is $300,000.

Building Renovation ($1.0-)

Replacement of Facing Tile of the Studio Building -

The estimated cost for replacesent of Facing Tiles is $1.0-8.

Furniture & Fixtures ($2.65-)

The budget for this item includes new furniture and office equipment installed in the new studio annex and recurrent replacement of old furniture and fixtures.

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