TNAG-2641-FCO40-3834-Emigration-of-skilled-labour-from-Hong-Kong-1992 — Page 12

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.