TNAG-0350-FCO40-386-Future-of-broadcasting-in-Hong-Kong-1972 — Page 113

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OPERATING CASH LOSS FORECAST BASED ON EXISTING OPERATIONS AT 405 LINE CONTINUING FROM FIRST MAY 73 TO FIRSTLY DECEMBER 73 DOLLARS 2.5 MILLION TO SECONDLY DECEMBER 74 DOLLARS TEN MILLION. NEW CAPITAL INVESTMENT NECESSARY FOR NETWORK AND STUDIOS TO FIRSTLY DECEMBER 73 DOLLARS TWO MILLION SECONDLY TO DECEMBER 74 DOLLARS FIVE MILLION TOTALING DOLLARS SEVEN MILLION. BOOK LOSSES IF LICENSED BUSINESSES CLOSE 30 APRIL 73 DOLLARS 19.5 MILLION AT NET BOOK VALUES ASSUMING COMPANY PROPERTIES WILL SHOW NO LOSSES ALTHOUGH TV HOUSE IS NOT SOLD AS STUDIO BUILDING WILL HAVE NO VALUE. VALUE OF TV HOUSE AS AT 31 DECEMBER 1971 BEFORE TRANSFER WAS DOLLARS NINE MILLION. REGARDS WARREN