TNAG-2478-FCO40-3608-Trade-relations-between-Hong-Kong--the-UK-and-other-countrie-1992 — Page 33

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Annex to XCC (91)

REVENUE

Year 1

$1,036,980

IPM-Net Budget

Year 2

$3,119,860

Year 3

$4,164,060

LESS EXPENSES

OPERATIONS

HONG KONG CANADA

$ 195,200 $ 277,000

$ 220,125 $ 305,190

$ 244,605 $ 344,363

STAFFING

OFFICES

HONG KONG CANADA

$

is is

$

$1,178,660

72,000 234,000

$1,296,526

$

$ 264,000 234,000

es is

$1,426,179

264,000 $ 234,000

PROMOTION

-

HONG KONG CANADA

$

155,420 $1,859,040

$ 143,362 $ 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

es is

44,000

$ 180,000

is is

$

112,500

$

27,800

ss 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

included.

approximately $500,000 are not