REVENUE
LESS EXPENSES
IPM-Net Budget
Year 1
$1,036,980
Annex to XCC (91)62
Year 2
$3,118,860
OPERATIONS HONG KONG
A
$
CANADA
195,200 $ 277,000
$
220,125 $ 305,190
STAFFING
OFFICES
$1,178,660
$1,296,526
Year 3
$4,164,060
$ 244,605 $ 344,363
$1,426,179
HONG KONG
- CANADA
is is
$
$
72,000 234,000
es is
$
$
264,000 234,000
$ 264,000 $ 234,000
PROMOTION
J
-
HONG KONG
CANADA
$
155,420
$ 143,362
$1,859,940
$ 750,864
$ 157,698 $ 825,950
TOTAL EXPENSES
$3,971,320
$3,214,067
$3,496,795
CONTINGENCY FUND
(10% OF OPERATING BUDGET)
$ 397,132
$
321,407
$
349,680
CAPITAL EXPENDITURE
HONG KONG
$
CANADA
$
44.000 180,000
is is
$
112,500
$
27,800
is is
$
21,000
$
13,860
TOTAL CAPITAL EXPENDITURE
$ 224,000
$
140,300
34,860
SURPLUS (DEFICIT)
($3,555,472)
($
556,914)
$
282,725
TOTAL INVESTMENT REQUIRED say $3,560,000
$ 560,000
Note
1.
2.
3.
An exchange rate of $6.8 is used for Canadian Dollars.
A ten-percent inflation rate.
Pre-launch expenses of approximately $500,000 are not
included.