Notes on Above Calculations
i.
Exchange Rate: £1 = HK$11.20
ii.
Figures are based on current prices.
iii.
Electricity:
based on the assumption that this would
be 52% higher than current cost.
£47,590 x 1.52 rate = £72,340
iv.
Additional Cleaning:
based on $0.60/sq ft/month
66,114 x $0.60 x 12 months = $476,020 (£42,500)
V.
Extra Air-Conditioning:
cost of supply of air-
conditioning outside normal office hours (@$0.75 per sq ft/month)
66,114 x $0.75 x 12 months = $595,030 (£53,130)
vi.
Rates:
based on 5% of expected rental. It is assumed
that rental would be assessed at $40.00 per sq ft per month
66,114 x $40 x 12 x 0.05 = $1,586,740
vii.
Landscaping:
viii.
(£141,670)
this is calculated on the assumption that
this would be $60,000 per month
$60,000 x 12 months = $720,000
(£64,280)
External Glass Cleaning: this is estimated to be
ix.
Miscellaneous:
X.
$8,000 per month
$8,000 x 12 months
$96,000
(£8,570)
this is estimated to be about $15,000
per month
$15,000 x 12 months = $180,000
(£16,070)
Additional Staffing Requirement:
In order to maintain security and keep the new building clean, the following additional staff are required.
2 Cleaners
£13,930
2 Security Guards £13,930
2 Messengers 2 Receptionists
£13,930
£18,570
£60,360