BpmToolbox 6.0-Historical & Forecast Business Planning Model Example (Basic)

7/27/2019 BpmToolbox 6.0-Historical & Forecast Business Planning Model Example (Basic)

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Best Practice ModellingHistorical & Forecast Business Planning Model 6.0 (Basic)

Primary Developer: BPM

Cover Notes

- This is a simple example of a best practice historical and forecast business planning model.

-

- To navigate or view the content of this model, click on the 'Go to Table of Contents' hyperlink above.

- Subscribe to the Best Practice Modelling Network to be notified of new best practice example models.

- For more information see: Model Notes

Go to Table of Contents

IMPORTANT NOTE: BPM does not provide any warranties or guarantees relating to the correctness of

the formulas or outputs contained in this model.

The purpose of this model is to provide an example of a historical and forecast business planning model developed using

bpmToolbox in accordance with the Best Practice Spreadsheet Modelling Standards (Version 6.0).
http://www.bestpracticemodelling.com/network/subscribehttp://www.bestpracticemodelling.com/network/subscribehttp://www.bestpracticemodelling.com/network/subscribe


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Table of ContentsHistorical & Forecast Business Planning Model 6.0 (Basic)

Section & Sheet Titles Page

4

56

78

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11

1213

1415

16

18

2021

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- -

- -

- -

- -

- -

a. Model Notes

1.2.

Formats & Styles Key

Sheet Naming Key

1. Overview

1.1. Notes

Taxation - Assumptions

Other Balance Sheet Items - Assumptions

2.3. Forecast Assumptionsa. Forecast Assumptions

Capital - Assumptions

Working Capital - Assumptions

Assets - Assumptions

c. Cash Flow Statements - Historical Assumptions

2.1. Time Series Assumptions

2.2. Historical Assumptionsa. Income Statement - Historical Assumptions

a. Time Series Assumptions

Go to Cover Sheet

2. Assumptions

Keysa. Keys

Range Naming Key

b. Balance Sheet - Historical Assumptions

Operational - Assumptions


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Table of ContentsHistorical & Forecast Business Planning Model 6.0 (Basic)

Section & Sheet Titles Page

Go to Cover Sheet

26

2728

29

313334

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- -

- -

41

42

44

4849

50

52

5455

56

57

58- -

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- -

6162

65

66

Total Pages: 66

4. Appendices

3.2. Forecast Outputsa. Forecast Outputs

b. Balance Sheet - All Periods Outputs

Operational - Outputs

Working Capital - Outputs

Assets - Outputs

d.

Error Checks

Sensitivity Checks

Alert Checks

4.2. Lookup Tables

4.1. Checks

a. Checks

Capital - Outputs

a. Business Planning Summary

3.4. Dashboard Outputs

Taxation - Output Summary

a. Income Statement - All Periods Outputs

c. Cash Flow Statement - All Periods Outputs

Other Balance Sheet Items - Outputs

All Periods Outputs3.3.

a. Income Statement - Historical Outputs

b. Balance Sheet - Historical Outputs

c. Cash Flow Statement - Historical Outputs

Cash Flow Statement - Forecast Outputs

b. Income Statement - Forecast Outputs

c. Balance Sheet - Forecast Outputs

3. Outputs

3.1. Historical Outputs

c. Dashboards - Lookup Tables

a. Time Series Lookup Tables

b. Capital - Lookup Tables


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OverviewSection 1.Historical & Forecast Business Planning Model 6.0 (Basic)

Section Cover Notes

Contains notes explaining the purpose and use of this model and where more help can be obtained.

Contains diagrams summarising designated components of the model.

Also contains keys explaining the Formats & Styles, Sheet Naming & Range Naming principles used in this model.


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Overview_SC

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NotesSub-Section 1.1.Historical & Forecast Business Planning Model 6.0 (Basic)

Sub-Section Cover NotesContains general notes about the purpose and use of this model.

Also contains contact details for BPM.



Notes_SSC



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Model NotesHistorical & Forecast Business Planning Model 6.0 (Basic)

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Area: Notes

Simplification

- Have purchased bpmToolbox 6.0;

- Are currently trialing bpmToolbox; or

- Are interested in understanding the benefits of using bpmToolbox.


This model has been designed to provide an example of how bpmToolbox 6.0 can be used within

Microsoft Excel to efficiently build a basic historical and forecast business planning model in strict

accordance with the Best Practice Spreadsheet Modelling Standards & Conventions.

This model has been developed for those who:

Standards

Many components of this model have been significantly simplified to prevent confusion.

This model has been built in accordance with Version 6.0 of the Best Practice Spreadsheet Modelling

Standards.

General

Intended Audience

Applied Theme

Annotations

BPM specializes in the provision of Best Practice Spreadsheet Modelling products and services,

including the provision of training and support services. This training and support ranges from our

base courses (such as the bpmToolbox Fundamentals course) to courses customized to meet specific

client needs. For more information on BPM's training and support services, contact BPM on the details

provided below.

Further Training

This workbook has been built using the bpmToolbox 6.0 default theme - i.e. Styles, Colors, Page

Setups, etc. These settings may differ from your personal or corporate theme settings.

Brief notes have been included throughout the Section Cover Sheets and Assumption Sheets within this

workbook. These notes have been included in accordance with Best Practice and are not designed toprovide detailed insight into how this model was developed or how it could be improved or enhanced.

BPM

Level 8, 330 Collins StreetMelbourne, Victoria

Australia 3000

Address:

To order the Best Practice Spreadsheet Modelling Standards, go to:

www.bestpracticemodelling.com/downloads/standardsDownloads:

Telephone:

Email:

Website:

[email protected]

+613 9244 9800

www.bestpracticemodelling.com

Contact BPM
http://www.bestpracticemodelling.com/downloads/standardsmailto:[email protected]?subject=Inquiry%20-%20Re%20Forecast%20Business%20Planning%20Model%206.0http://www.bestpracticemodelling.com/http://www.bestpracticemodelling.com/mailto:[email protected]?subject=Inquiry%20-%20Re%20Forecast%20Business%20Planning%20Model%206.0http://www.bestpracticemodelling.com/downloads/standards


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KeysSub-Section 1.2.Historical & Forecast Business Planning Model 6.0 (Basic)

Sub-Section Cover NotesContains Formats & Styles, Sheet Naming and Range Naming Keys explaining the approaches adopted throughout this model.



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KeysHistorical & Forecast Business Planning Model 6.0 (Basic)

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Formats & Styles Key

Color Name Color Description / Purpose

Font Colors

Fill Colors

Hyperlink Type Hyperlink Description / Purpose

Output (Black) Indicates ranges contain 100% formulas / output calculations. Output

Mixed CellMixed Cell (Green) Indicates ranges contain a mixture of input text / numbers and formulae

/ output calculations.


Example

Input (Blue) Indicates ranges contain 100% input text / numbers. Input

Assumption Sheet (Grey) Indicates sheet is an Assumption Sheet.

Work in Progress (WIP) (Yellow) Indicates ranges contain data or formulae that remain uncertain or are

subject to change.

ErrorError (Red) Indicates calculation errors normally used as a conditional format.

HyperlinkHyperlink Indicates ranges contain Hyperlinks to other ranges within the workbook

or to other linked models.

Cover Hyperlink Links Contents Sheet to Cover Sheet. Go To Cover Sheet

Home Hyperlink Links worksheets to Contents Sheet. Go To Table of Contents

Hidden White (White) Indicates Assumption Cells when used on the interior of Assumption

Sheets.

Example

Sheet Left Hyperlink Links active worksheet to the previous visible worksheet. Sheet Right Hyperlink Links active worksheet to the next visible worksheet.

Custom Hyperlink Links worksheet ranges to other worksheet ranges in the model. Linked Cell Text

Sheet Top Hyperlink Scrolls worksheet to the upper-most viewable section.


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x h OGo to Table of Contents

Sheet Naming Key

Base Sheet Type Sheet Description / Purpose

Notes

* The names of the Cover and Contents sheets are always "Cover" and "Contents" respectively.

** Model Import and Export Sheet suffixes are used in addition to the other sheet naming suffixes.

Section Cover Indicates the start of a workbook section. SC

Sub-Section Cover Indicates the start of a workbook sub-section. SSC

Suffix

Cover* Indicates the start of a workbook. Cover

Contents* Contains the workbook Table of Contents. Contents

Blank Output Residual category (contains outputs). BO

TOTime Series Output Contains time series titles for calculating outputs over a set time frame.

Blank Assumption Residual category (contains assumptions). BA

TATime Series Assumption Contains time series titles for entering assumptions over a set time

frame.

Chart Contains a chart. Cht

MIModel Import** Contains formulas that reference worksheet ranges in another workbook.

LULookup Contains lookup data for use in forms / controls and in worksheet

formulas.

Model Schematic Contains model diagrams and flow charts. MS

MEModel Export** Contains worksheet ranges that are referenced by formulas in another

workbook.


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Range Naming Key

Range Type / Purpose Range Description / Purpose

Row Array Single row, multiple column, single area array. RA_

Column Array Single column, multiple row, single area array. CA_

Prefix

Base Cell Single cell base cell (for OFFSET function reference, etc). BC_

Lookup Names a Lookup Table Array on a Lookup Sheet. LU_

Block Array Single area, multiple cell, non-row, non-column array. BA_

Multiple Area Array Multiple area (includes areas of any type). MAA_

Drop Down Box Drop down box cell link. DD_

List Box List box cell link. LB_

Hyperlink Hyperlink cell reference. HL_

Check Box Check box cell link. CB_

Scroll Bar Scroll bar cell link. SB_

Residual Residual category (i.e. single cell non-base cells, etc). No Prefix

Option Button Option button cell link. OB_

Spin Button Spin button cell link. S_


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AssumptionsSection 2.Historical & Forecast Business Planning Model 6.0 (Basic)

Section Cover Notes

Contains base case assumptions used to generate the base case outputs.



Assumptions_SC



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Time Series AssumptionsSub-Section 2.1.Historical & Forecast Business Planning Model 6.0 (Basic)

Sub-Section Cover Notes:

Contains assumptions used to drive the time series analysis within the model.



TS_Ass_SSC



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Time Series AssumptionsHistorical & Forecast Business Planning Model 6.0 (Basic)

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Time Series Assumptions

Core Time Series Assumptions

Title

Periodicity

Financial Year End 31 12

Start Date

Periods

Denomination

Historical & Forecast Period Titles

Include in Period Titles?

Actual Periods

Budget Periods

Data & Projections - Timing Assumptions

Data Term Basis

Data - Active Periods

Projections - Start Date

Notes

- A Financial Year End assumption of 28th of February is assumed to be a month end financial year end, even in a leap year.- The "Model Denomination" assumption will not necessarily automatically change the denomination of the outputs of this model.

- A "Budget Period" refers to either a period in the current financial year or periods containing combined actual and forecast data.

- "Data & Projections - Timing Assumptions" are used as the basis for related data and projections time series sheets.

- "Inactive Columns Treatment" will only be operative if macros have been included in the active workbook to manage inactive data and projectio


Primary

Annual

1-Jan-10

8

2

TRUE

3

-

1

3

1-Jan-13


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Historical AssumptionsSub-Section 2.2.Historical & Forecast Business Planning Model 6.0 (Basic)


Contains historical financial statement assumptions.



Hist_Ass_SSC



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Income Statement - Historical AssumptionsHistorical & Forecast Business Planning Model 6.0 (Basic)

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Year Ending 31 December 2010 (A) 2011 (A) 2012 (A) - - - - -

Income Statement

Revenue 125.0 128.1 131.3 134.6 138.0 141.4 145.0 148.6

Cost of Goods Sold (25.0) (25.6) (26.3) (26.9) (27.6) (28.3) (29.0) (29.7)

Gross Margin 100.0 102.5 105.1 107.7 110.4 113.1 116.0 118.9

Operating Expenditure (40.0) (41.0) (42.0) (43.1) (44.2) (45.3) (46.4) (47.5)

EBITDA 60.0 61.5 63.0 64.6 66.2 67.9 69.6 71.3

Depreciation (13.5) (13.8) (14.2) (14.5) (14.9) (15.3) (15.7) (16.0)

Amortization (0.6) (0.6) (0.7) (0.7) (0.7) (0.7) (0.7) (0.7)

Depreciation & Amortization (14.1) (14.5) (14.8) (15.2) (15.6) (16.0) (16.4) (16.8)

EBIT 45.9 47.0 48.2 49.4 50.6 51.9 53.2 54.5

Interest Expense (3.3) (3.3) (3.3) (3.3) (3.4) (3.6) (3.6) (3.6)

Net Profit Before Tax 42.6 43.8 44.9 46.2 47.2 48.3 49.6 51.0

Tax Expense / (Benefit) (12.8) (13.1) (13.5) (13.8) (14.2) (14.5) (14.9) (15.3)

Net Profit After Tax 29.8 30.6 31.5 32.3 33.1 33.8 34.7 35.7

Notes

1. All assumptions are entered in $Millions.

2. Revenue and expense assumptions are entered as positive and negative numbers respectively.


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Balance Sheet - Historical AssumptionsHistorical & Forecast Business Planning Model 6.0 (Basic)

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Balance Sheet Opening1-Jan-10

Current Assets

Opening Cash at Bank 5.0 7.5 12.1 24.6 37.4 55.5 68.9 82.7

Change in Cash at Bank 2.5 4.6 12.5 12.8 18.1 13.4 13.8 14.1

Cash at Bank 5.0 7.5 12.1 24.6 37.4 55.5 68.9 82.7 96.8

Accounts Receivable 10.3 10.3 10.5 10.8 11.1 11.3 11.6 11.9 12.2

Other Current Assets 3.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0 10.0

Total Current Assets 18.3 20.8 26.7 40.4 54.5 73.9 88.5 103.5 119.0

Non-Current Assets

Assets 146.5 146.5 148.0 149.6 151.2 152.9 154.6 156.3 158.1Intangibles 13.4 13.4 15.3 17.3 19.3 21.4 23.5 25.7 27.9

Deferred Tax Assets - - - - - - - - -

Other Non-Current Assets 4.0 4.0 5.0 6.0 7.0 8.0 9.0 10.0 11.0

Total Non-Current Assets 163.9 163.9 168.3 172.9 177.5 182.2 187.1 192.0 197.0

Total Assets 182.1 184.6 195.0 213.3 232.0 256.1 275.6 295.5 316.0

Current Liabilities

Accounts Payable 8.0 8.0 8.2 8.4 8.6 8.8 9.1 9.3 9.5

Tax Payable 12.8 12.8 13.1 13.5 13.8 14.2 14.5 14.9 15.3

Interest Payable - - - - - - - - -

Ordinary Equity Dividends Payable - - - - - - - - -

Other Current Liabilities 5.0 5.0 6.0 7.0 8.0 9.0 10.0 11.0 12.0

Total Current Liabilities 25.8 25.8 27.3 28.9 30.5 32.0 33.6 35.2 36.8



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Balance Sheet - Historical AssumptionsHistorical & Forecast Business Planning Model 6.0 (Basic)

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Non-Current Liabilities

Debt 50.0 50.0 50.0 50.0 50.0 55.0 55.0 55.0 55.0

Deferred Tax Liabilities - - - - - - - - -Other Non-Current Liabilities 6.0 6.0 7.0 8.0 9.0 10.0 11.0 12.0 13.0

Total Non-Current Liabilities 56.0 56.0 57.0 58.0 59.0 65.0 66.0 67.0 68.0

Total Liabilities 81.8 81.8 84.3 86.9 89.5 97.0 99.6 102.2 104.8

Net Assets 100.3 102.8 110.7 126.4 142.6 159.1 176.0 193.4 211.2

Equity

Ordinary Equity 75.0 75.0 75.0 75.0 75.0 75.0 75.0 75.0 75.0

Other Equity 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0

Retained Profits - Unadjusted 20.3 22.8 30.7 46.4 62.6 79.1 96.0 113.4 131.2

Retained Profits - Balancing Item - - - - - - - - -

Retained Profits 20.3 22.8 30.7 46.4 62.6 79.1 96.0 113.4 131.2

Total Equity 100.3 102.8 110.7 126.4 142.6 159.1 176.0 193.4 211.2

Total Error Check Result - - - - - - - - - -

Total Alert Check Result - - - - - - - - - -

Notes


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Cash Flow Statements - Historical AssumptionsHistorical & Forecast Business Planning Model 6.0 (Basic)

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Cash Flow Statement

Cash Flow from Operating Activities

Revenue 125.0 128.1 131.3 134.6 138.0 141.4 145.0 148.6

Decrease in Accounts Receivable 10.7 (0.3) (0.2) (0.3) (0.3) (0.3) (0.3) (0.3

Cash Receipts 135.7 127.9 131.1 134.3 137.7 141.1 144.7 148.3

Cost of Goods Sold (25.0) (25.6) (26.3) (26.9) (27.6) (28.3) (29.0) (29.7

Operating Expenditure (40.0) (41.0) (42.0) (43.1) (44.2) (45.3) (46.4) (47.5

Increase in Accounts Payable (8.0) 0.2 0.2 0.2 0.2 0.2 0.2 0.3

Cash Payments (73.0) (66.4) (68.1) (69.8) (71.5) (73.3) (75.2) (77.0

Interest Paid (3.3) (3.3) (3.3) (3.3) (3.4) (3.6) (3.6) (3.6

Tax Paid (3.5) (12.8) (13.1) (13.5) (13.8) (14.2) (14.5) (14.9

Decrease in Other Current Assets (1.0) (1.0) (1.0) (1.0) (1.0) (1.0) (1.0) (1.0Increase in Other Current Liabilities 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0

Net Cash Flow from Operating Activities 56.0 45.4 46.6 47.8 48.9 50.1 51.5 52.8

Cash Flow from Investing Activities

Capital Expenditure - Assets (15.0) (15.4) (15.8) (16.2) (16.6) (17.0) (17.4) (17.8

Capital Expenditure - Intangibles (2.5) (2.6) (2.6) (2.7) (2.8) (2.8) (2.9) (3.0

Decrease in Other Non-Current Assets (1.0) (1.0) (1.0) (1.0) (1.0) (1.0) (1.0) (1.0

Increase in Other Non-Current Liabilities 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0

Net Cash Flow from Investing Activities (17.5) (17.9) (18.4) (18.8) (19.3) (19.8) (20.3) (20.8



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Cash Flow Statements - Historical AssumptionsHistorical & Forecast Business Planning Model 6.0 (Basic)

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Cash Flow from Financing Activities

Debt Drawdowns - - - - 50.0 - - -

Debt Repayments - - - - (45.0) - - -

Equity Raisings - - - - - - - -Equity Repayments - - - - - - - -

Dividends Paid During Period (14.9) (15.3) (15.7) (16.2) (16.5) (16.9) (17.4) (17.8)

Increase in Other Equity 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1

Net Cash Flow from Financing Activities (14.8) (15.2) (15.6) (16.1) (11.4) (16.8) (17.3) (17.7)

Net Increase / (Decrease) in Cash Held 23.7 12.2 12.6 12.9 18.2 13.5 13.9 14.2

Notes



CFS_Hist_TA

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Forecast AssumptionsSub-Section 2.3.Historical & Forecast Business Planning Model 6.0 (Basic)


Contains forecast assumptions for all areas within the underlying business.



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Forecast AssumptionsHistorical & Forecast Business Planning Model 6.0 (Basic)

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Year Ending 31 December - - - 2013 (F) 2014 (F) 2015 (F) 2016 (F) 2017 (F)

Operational - Assumptions

Revenue 125.0 128.1 131.3 134.6 138.0 141.4 145.0 148.6

Cost of Goods Sold 25.0 25.6 26.3 26.9 27.6 28.3 29.0 29.7Operating Expenditure 40.0 41.0 42.0 43.1 44.2 45.3 46.4 47.5

Capital Expenditure - Assets 15.0 15.4 15.8 16.2 16.6 17.0 17.4 17.8

Capital Expenditure - Intangibles 2.5 2.6 2.6 2.7 2.8 2.8 2.9 3.0

Notes

1. Revenue and expense assumptions are entered in $Millions.

2. Revenue and expense assumptions are entered as positive numbers.

Working Capital - Assumptions

Accounts Receivable1-Jan-13

Opening Balance 10.8

Debtors Days 30 30 30 30 30 30 30 30

Accounts Payable1-Jan-13

Opening Balance 8.4

Creditors Days 45 45 45 45 45 45 45 45

Notes

1. Debtors/creditors days assumptions cannot be greater than the number of days in that period.




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x h OGo to Table of ContentsAssets - Assumptions

Assets

1-Jan-13


Depreciation - % of Capital Expenditure 90.0% 90.0% 90.0% 90.0% 90.0% 90.0% 90.0% 90.0%

Intangibles1-Jan-13


Depreciation - % of Capital Expenditure 25.0% 25.0% 25.0% 25.0% 25.0% 25.0% 25.0% 25.0%

Capital - Assumptions

Debt

Funds Drawn ($Millions)1-Jan-13

Opening Balance 50.0 - - - 50.0 50.0 55.0 55.0 55.0

Debt Drawdowns - - - - 50.0 - - -

Debt Repayments - - - - 45.0 - - -

Closing Debt Balance - - - 50.0 55.0 55.0 55.0 55.0

Drawdowns/Repayments % into Period 50.0% 50.0% 50.0% 50.0% 50.0% 50.0% 50.0% 50.0%

Interest Expense

1-Jan-13Opening Interest Payable ($Millions) -

Base Interest Rate (% p.a.) 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00%

Margin (% p.a.) 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50%

All-In Interest Rate (% p.a.) - - - 6.50% 6.50% 6.50% 6.50% 6.50%

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x h OGo to Table of ContentsOrdinary Equity

Ordinary Equity Balances ($Millions)

1-Jan-13

Opening Balance 75.0 - - - 75.0 75.0 75.0 75.0 75.0

Equity Raisings - - - - - - - -

Equity Repayments - - - - - - - -

Closing Ordinary Equity - - - 75.0 75.0 75.0 75.0 75.0

Dividends Payable & Paid

1-Jan-13

Opening Dividends Payable ($Millions) -

Determination Method: 1

Dividend Declaration Period? Yes Yes Yes Yes Yes Yes Yes Yes

Dividend Payout Ratio - % of NPAT 50.0% 50.0% 50.0% 50.0% 50.0% 50.0% 50.0% 50.0%

Assumed Dividends - Not Applied - - - - - - - -

###

###

Notes

1. Dividends cannot be negative.

2. Dividends cannot exceed accumulated Retained Profits (Opening Retained Profits + Net Profit After Tax) in any period.

Include Opening Retained Profits in NPAT?

Limit dividends to prevent negative Cash at Bank?


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Taxation - Assumptions

Tax Payable1-Jan-13

Opening Tax Payable ($Millions) 13.5

Taxation Rate

Corporate Taxation Rate 30.0%

Notes

1. Tax is assumed to be paid in the period after tax expense is incurred.

2. The Corporate Taxation Rate is limited to a minimum of 0% and a maximum of 100%.

3. Tax calculations do not allow for tax losses, deferred tax assets or deferred tax liabilities - i.e. negative tax expense will result in cash tax receipts.


Fcast TA


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x h OGo to Table of ContentsOther Balance Sheet Items - Assumptions

Cash at Bank

Opening Cash at Bank 24.6

Retained Profits

Opening Retained Profits 46.4

Other Balance Sheet Items Opening

1-Jan-13


Other Non-Current Assets 6.0 4.0 5.0 6.0 7.0 8.0 9.0 10.0 11.0

Other Current Liabilities 7.0 5.0 6.0 7.0 8.0 9.0 10.0 11.0 12.0

Other Non-Current Liabilities 8.0 6.0 7.0 8.0 9.0 10.0 11.0 12.0 13.0

Other Equity 5.0 5.1 5.2 5.3 5.4 5.5 5.6 5.7 5.8

Notes

1. Balance sheet items are specified in $Millions.

2. Other Current Assets and Other Current Liabilities assumed to impact Other Operating Cash Flows.

3. Other Non-Current Assets and Non-Other Current Liabilities assumed to impact Other Investing Cash Flows.

3. Other Equity is assumed to impact Other Financing Cash Flows.



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OutputsSection 3.Historical & Forecast Business Planning Model 6.0 (Basic)

Section Cover Notes

Contains base case outputs - i.e. includes only the impacts of base case assumptions.



Outputs_SC



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Historical OutputsSub-Section 3.1.Historical & Forecast Business Planning Model 6.0 (Basic)


Contains historical financial statement outputs.



Hist_OP_SSC



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Income Statement - Historical OutputsHistorical & Forecast Business Planning Model 6.0 (Basic)

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Income Statement

Revenue 125.0 128.1 131.3 - - - - -

Cost of Goods Sold (25.0) (25.6) (26.3) - - - - -

Gross Margin 100.0 102.5 105.1 - - - - -

Operating Expenditure (40.0) (41.0) (42.0) - - - - -

EBITDA 60.0 61.5 63.0 - - - - -

Depreciation & Amortization (14.1) (14.5) (14.8) - - - - -

EBIT 45.9 47.0 48.2 - - - - -

Interest Expense (3.3) (3.3) (3.3) - - - - -

Net Profit Before Tax 42.6 43.8 44.9 - - - - -

Tax Expense / (Benefit) (12.8) (13.1) (13.5) - - - - -

Net Profit After Tax 29.8 30.6 31.5 - - - - -

Notes

1. All revenues and expenses are specified in $Millions.

2. Revenues and expenses appear as positive and negative numbers respectively.



IS Hist TO


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Balance Sheet - Historical OutputsHistorical & Forecast Business Planning Model 6.0 (Basic)

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Current Assets

Cash at Bank 5.0 7.5 12.1 24.6 - - - - -

Accounts Receivable 10.3 10.3 10.5 10.8 - - - - -

Other Current Assets 3.0 3.0 4.0 5.0 - - - - -

Total Current Assets 18.3 20.8 26.7 40.4 - - - - -

Non-Current Assets

Assets 146.5 146.5 148.0 149.6 - - - - -

Intangibles 13.4 13.4 15.3 17.3 - - - - -


Other Non-Current Assets 4.0 4.0 5.0 6.0 - - - - -Total Non-Current Assets 163.9 163.9 168.3 172.9 - - - - -

Total Assets 182.1 184.6 195.0 213.3 - - - - -

Current Liabilities

Accounts Payable 8.0 8.0 8.2 8.4 - - - - -

Tax Payable 12.8 12.8 13.1 13.5 - - - - -


Ordinary Equity Dividends Payable - - - - - - - - -

Other Current Liabilities 5.0 5.0 6.0 7.0 - - - - -

Total Current Liabilities 25.8 25.8 27.3 28.9 - - - - -


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Balance Sheet - Historical OutputsHistorical & Forecast Business Planning Model 6.0 (Basic)

x h O




Debt 50.0 50.0 50.0 50.0 - - - - -

Deferred Tax Liabilities - - - - - - - - -

Other Non-Current Liabilities 6.0 6.0 7.0 8.0 - - - - -Total Non-Current Liabilities 56.0 56.0 57.0 58.0 - - - - -

Total Liabilities 81.8 81.8 84.3 86.9 - - - - -

Net Assets 100.3 102.8 110.7 126.4 - - - - -

Equity

Ordinary Equity 75.0 75.0 75.0 75.0 - - - - -

Other Equity 5.0 5.0 5.0 5.0 - - - - -Retained Profits 20.3 22.8 30.7 46.4 - - - - -

Total Equity 100.3 102.8 110.7 126.4 - - - - -


Total Alert Check Result - - - - - - - - - -

Notes

1. All balances are specified in $Millions.


BS Hist TO


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Cash Flow Statement - Historical OutputsHistorical & Forecast Business Planning Model 6.0 (Basic)

x h O


Cash Flow Statement


Cash Receipts 135.7 127.9 131.1 - - - - -

Cash Payments (73.0) (66.4) (68.1) - - - - -

Interest Paid (3.3) (3.3) (3.3) - - - - -

Tax Paid (3.5) (12.8) (13.1) - - - - -

Decrease in Other Current Assets (1.0) (1.0) (1.0) - - - - -

Increase in Other Current Liabilities 1.0 1.0 1.0 - - - - -

Net Cash Flow from Operating Activities 56.0 45.4 46.6 - - - - -


Capital Expenditure - Assets (15.0) (15.4) (15.8) - - - - -Capital Expenditure - Intangibles (2.5) (2.6) (2.6) - - - - -

Decrease in Other Non-Current Assets (1.0) (1.0) (1.0) - - - - -

Increase in Other Non-Current Liabilities 1.0 1.0 1.0 - - - - -

Net Cash Flow from Investing Activities (17.5) (17.9) (18.4) - - - - -




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Cash Flow Statement - Historical OutputsHistorical & Forecast Business Planning Model 6.0 (Basic)

x h O




Debt Drawdowns - - - - - - - -

Debt Repayments - - - - - - - -



Dividends Paid During Period (14.9) (15.3) (15.7) - - - - -

Increase in Other Equity 0.1 0.1 0.1 - - - - -

Net Cash Flow from Financing Activities (14.8) (15.2) (15.6) - - - - -

Net Increase / (Decrease) in Cash Held 23.7 12.2 12.6 - - - - -

Notes

1. All cash flows are specified in $Millions.


CFS_Hist_TO



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Forecast OutputsSub-Section 3.2.Historical & Forecast Business Planning Model 6.0 (Basic)


Contains forecast outputs for all areas within the underlying business other than financial statements.



Fcast_OP_SSC



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Forecast OutputsHistorical & Forecast Business Planning Model 6.0 (Basic)

x h O


Operational - Outputs

Revenue - - - 134.6 138.0 141.4 145.0 148.6

Cost of Goods Sold - - - 26.9 27.6 28.3 29.0 29.7

Operating Expenditure - - - 43.1 44.2 45.3 46.4 47.5Capital Expenditure - Assets - - - 16.2 16.6 17.0 17.4 17.8

Capital Expenditure - Intangibles - - - 2.7 2.8 2.8 2.9 3.0



Fcast_OP_TO


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Working Capital - Outputs

Accounts Receivable Balances ($Millions)

Opening Balance - - - 10.8 11.1 11.3 11.6 11.9

Revenue - - - 134.6 138.0 141.4 145.0 148.6

Cash Receipts - - - (134.3) (137.7) (141.1) (144.7) (148.3)

Closing Balance - - - 11.1 11.3 11.6 11.9 12.2

Closing Balance Periodic Growth (% per Year) - - N/A 2.5% 2.5% 2.2% 2.8%

Debtors Days - - - 30 30 30 30 30

Total Error Checks Result - - - - - - - - -

Accounts Payable Balances ($Millions)

Opening Balance - - - 8.4 8.6 8.8 9.1 9.3

Costs - - - 70.0 71.7 73.5 75.4 77.3

Cash Payments - - - (69.8) (71.5) (73.3) (75.2) (77.0)Closing Balance - - - 8.6 8.8 9.1 9.3 9.5

Closing Balance Periodic Growth (% per Year) - - N/A 2.5% 2.5% 2.2% 2.8%

Creditors Days - - - 45 45 45 45 45



F t OP TO


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Assets - Outputs

Assets Balances ($Millions)

Opening Balance - - - 149.6 151.2 152.9 154.6 156.3

Capital Expenditure - Assets - - - 16.2 16.6 17.0 17.4 17.8

Depreciation - - - (14.5) (14.9) (15.3) (15.7) (16.0)

Closing Balance - - - 151.2 152.9 154.6 156.3 158.1


Intangibles Balances ($Millions)

Opening Balance - - - 17.3 19.3 21.4 23.5 25.7

Capital Expenditure - Intangibles - - - 2.7 2.8 2.8 2.9 3.0

Amortization - - - (0.7) (0.7) (0.7) (0.7) (0.7)

Closing Balance - - - 19.3 21.4 23.5 25.7 27.9




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Capital - Outputs

Debt - Outputs

Funds Drawn ($Millions)

Opening Balance - - - 50.0 50.0 55.0 55.0 55.0

Debt Drawdowns - - - - 50.0 - - -Debt Repayments - - - - (45.0) - - -

Closing Debt Balance - - - 50.0 55.0 55.0 55.0 55.0

Interest Expense

Base Interest Rate (% p.a.) - - - 5.00% 5.00% 5.00% 5.00% 5.00%

Margin (% p.a.) - - - 1.50% 1.50% 1.50% 1.50% 1.50%

All-In Interest Rate (% p.a.) - - - 6.50% 6.50% 6.50% 6.50% 6.50%

Months in Financial Year - - - 12 12 12 12 12

Period % of Full Year - - - 100.0% 100.0% 100.0% 100.0% 100.0%

Drawdowns/Repayments % into Period - - - 50.0% 50.0% 50.0% 50.0% 50.0%

Average Debt Outstanding - - - 50.0 52.5 55.0 55.0 55.0

Interest Expense - - - 3.3 3.4 3.6 3.6 3.6

Opening Interest Payable ($Millions) - - - - - - - -

Interest Expense - - - 3.3 3.4 3.6 3.6 3.6

Interest Paid - - - (3.3) (3.4) (3.6) (3.6) (3.6

Closing Interest Payable - - - - - - - -


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x h OGo to Table of ContentsOrdinary Equity - Outputs

Ordinary Equity Balances ($Millions)

Opening Balance - - - 75.0 75.0 75.0 75.0 7

Equity Raisings - - - - - - -

Equity Repayments - - - - - - -

Closing Ordinary Equity - - - 75.0 75.0 75.0 75.0 7

Dividends Payable & Paid

Opening Balance - - - - - - -

Dividends Declared During Period - - - 16.2 16.5 16.9 17.4

Dividends Paid During Period - - - (16.2) (16.5) (16.9) (17.4) (

Closing Dividends Payable - - - - - - -

Total Error Checks Result - - - - - - - -

Alert Check (Limited Dividends) - - - - - - - -

Dividends Payable & Paid - Calculation

Determination Method: % of NPAT

Dividend Declaration Period? - - - Yes Yes Yes Yes Yes

Opening Retained Profits - - - 46.4 62.6 79.1 96.0 1

Net Profit After Tax (NPAT) - - - 32.3 33.1 33.8 34.7 3

Maximum Dividends Allowed - - - 78.7 95.6 112.9 130.7 14

Opening Cash at Bank - - - 24.6 37.8 56.0 69.5 8

Cash Flow Available for Dividends - - - 29.4 34.7 30.4 31.3 3

Total Available Cash For Dividends - - - 54.0 72.5 86.4 100.7 11

Dividend Payout Ratio - % of NPAT - - - 50.0% 50.0% 50.0% 50.0% 50

Assumed Dividends - Not Applied - - - - - - -

Target Dividends Declared - - - 16.2 16.5 16.9 17.4

Actual Dividends Declared - - - 16.2 16.5 16.9 17.4 1


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Taxation - Output Summary

Tax Expense ($Millions)

Revenue - - - 134.6 138.0 141.4 145.0 148.6

Cost of Goods Sold - - - (26.9) (27.6) (28.3) (29.0) (29.7)

Operating Expenditure - - - (43.1) (44.2) (45.3) (46.4) (47.5)

Depreciation - - - (14.5) (14.9) (15.3) (15.7) (16.0)Amortization - - - (0.7) (0.7) (0.7) (0.7) (0.7)

Interest Expense - - - (3.3) (3.4) (3.6) (3.6) (3.6)

Net Profit Before Tax (NPBT) - - - 46.2 47.2 48.3 49.6 51.0

Accounting Taxable Profit / (Loss) - - - 46.2 47.2 48.3 49.6 51.0

Corporate Taxation Rate - - - 30.0% 30.0% 30.0% 30.0% 30.0%

Tax Expense / (Benefit) - - - 13.8 14.2 14.5 14.9 15.3

Tax Payable (& Paid)

Opening Balance - - - 13.5 13.8 14.2 14.5 14.9

Tax Expense / (Benefit) - - - 13.8 14.2 14.5 14.9 15.3

Tax Paid - - - (13.5) (13.8) (14.2) (14.5) (14.9)

Closing Balance - - - 13.8 14.2 14.5 14.9 15.3


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Other Balance Sheet Items - Outputs

Other Current Assets ($Millions)

Opening Balance - - - 5.0 6.0 7.0 8.0 9.0

Movement - - - 1.0 1.0 1.0 1.0 1.0

Closing Balance - - - 6.0 7.0 8.0 9.0 10.0

Other Non-Current Assets ($Millions)

Opening Balance - - - 6.0 7.0 8.0 9.0 10.0

Movement - - - 1.0 1.0 1.0 1.0 1.0

Closing Balance - - - 7.0 8.0 9.0 10.0 11.0

Other Current Liabilities ($Millions)

Opening Balance - - - 7.0 8.0 9.0 10.0 11.0

Movement - - - 1.0 1.0 1.0 1.0 1.0

Closing Balance - - - 8.0 9.0 10.0 11.0 12.0

Other Non-Current Liabilities ($Millions)

Opening Balance - - - 8.0 9.0 10.0 11.0 12.0

Movement - - - 1.0 1.0 1.0 1.0 1.0

Closing Balance - - - 9.0 10.0 11.0 12.0 13.0

Other Equity ($Millions)

Opening Balance - - - 5.0 5.4 5.5 5.6 5.7

Movement - - - 0.4 0.1 0.1 0.1 0.1Closing Balance - - - 5.4 5.5 5.6 5.7 5.8


Fcast OP TO


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Income Statement - Forecast OutputsHistorical & Forecast Business Planning Model 6.0 (Basic)

x h O


Income Statement

Revenue - - - 134.6 138.0 141.4 145.0 148.6

Cost of Goods Sold - - - (26.9) (27.6) (28.3) (29.0) (29.7)

Gross Margin - - - 107.7 110.4 113.1 116.0 118.9

Operating Expenditure - - - (43.1) (44.2) (45.3) (46.4) (47.5)

EBITDA - - - 64.6 66.2 67.9 69.6 71.3

Depreciation & Amortization - - - (15.2) (15.6) (16.0) (16.4) (16.8)

EBIT - - - 49.4 50.6 51.9 53.2 54.5

Interest Expense - - - (3.3) (3.4) (3.6) (3.6) (3.6)

Net Profit Before Tax - - - 46.2 47.2 48.3 49.6 51.0

Tax Expense / (Benefit) - - - (13.8) (14.2) (14.5) (14.9) (15.3)

Net Profit After Tax - - - 32.3 33.1 33.8 34.7 35.7

Error Check - - - - - - - - -

Notes


2. Revenues and expenses enter the Income Statement as positive and negative numbers respectively.

Go to Balance Sheet - Forecast Outputs




42/66

Balance Sheet - Forecast OutputsHistorical & Forecast Business Planning Model 6.0 (Basic)

x h O


Balance Sheet

Current Assets

Cash at Bank - - - 37.8 56.0 69.5 83.4 97.6

Accounts Receivable - - - 11.1 11.3 11.6 11.9 12.2

Other Current Assets - - - 6.0 7.0 8.0 9.0 10.0

Total Current Assets - - - 54.9 74.4 89.1 104.2 119.8

Non-Current Assets

Assets - - - 151.2 152.9 154.6 156.3 158.1

Intangibles - - - 19.3 21.4 23.5 25.7 27.9

Deferred Tax Assets - - - - - - - -

Other Non-Current Assets - - - 7.0 8.0 9.0 10.0 11.0Total Non-Current Assets - - - 177.5 182.2 187.1 192.0 197.0

Total Assets - - - 232.4 256.6 276.2 296.2 316.8

Current Liabilities

Accounts Payable - - - 8.6 8.8 9.1 9.3 9.5

Tax Payable - - - 13.8 14.2 14.5 14.9 15.3

Debt Interest Payable - - - - - - - -

Ordinary Equity Dividends Payable - - - - - - - -

Other Current Liabilities - - - 8.0 9.0 10.0 11.0 12.0

Total Current Liabilities - - - 30.5 32.0 33.6 35.2 36.8




43/66

Balance Sheet - Forecast OutputsHistorical & Forecast Business Planning Model 6.0 (Basic)

x h O




Debt - - - 50.0 55.0 55.0 55.0 55.0

Deferred Tax Liabilities - - - - - - - -

Other Non-Current Liabilities - - - 9.0 10.0 11.0 12.0 13.0Total Non-Current Liabilities - - - 59.0 65.0 66.0 67.0 68.0

Total Liabilities - - - 89.5 97.0 99.6 102.2 104.8

Net Assets - - - 143.0 159.6 176.6 194.1 212.0

Equity

Ordinary Equity - - - 75.0 75.0 75.0 75.0 75.0

Other Equity - - - 5.4 5.5 5.6 5.7 5.8Retained Profits - - - 62.6 79.1 96.0 113.4 131.2

Total Equity - - - 143.0 159.6 176.6 194.1 212.0

Total Error Check Result - - - - - - - - -

Alert Check (Negative Cash) - - - - - - - - -

Notes


Go to Income Statement - Forecast Outputs

Go to Cash Flow Statement - Forecast Outputs



44/66

Cash Flow Statement - Forecast OutputsHistorical & Forecast Business Planning Model 6.0 (Basic)

x h O


Direct Cash Flow Statement


Cash Receipts - - - 134.3 137.7 141.1 144.7 148.3

Cash Payments - - - (69.8) (71.5) (73.3) (75.2) (77.0)

Interest Paid - - - (3.3) (3.4) (3.6) (3.6) (3.6)

Tax Paid - - - (13.5) (13.8) (14.2) (14.5) (14.9)

Decrease in Other Current Assets - - - (1.0) (1.0) (1.0) (1.0) (1.0)

Increase in Other Current Liabilities - - - 1.0 1.0 1.0 1.0 1.0

Net Cash Flow from Operating Activities - - - 47.8 48.9 50.1 51.5 52.8


Capital Expenditure - Assets - - - (16.2) (16.6) (17.0) (17.4) (17.8)Capital Expenditure - Intangibles - - - (2.7) (2.8) (2.8) (2.9) (3.0)

Decrease in Other Non-Current Assets - - - (1.0) (1.0) (1.0) (1.0) (1.0)

Increase in Other Non-Current Liabilities - - - 1.0 1.0 1.0 1.0 1.0

Net Cash Flow from Investing Activities - - - (18.8) (19.3) (19.8) (20.3) (20.8)


Debt Drawdowns - - - - 50.0 - - -

Debt Repayments - - - - (45.0) - - -


Dividends Paid During Period - - - (16.2) (16.5) (16.9) (17.4) (17.8)

Increase in Other Equity - - - 0.4 0.1 0.1 0.1 0.1

Net Cash Flow from Financing Activities - - - (15.8) (11.4) (16.8) (17.3) (17.7)

Net Increase / (Decrease) in Cash Held - - - 13.2 18.2 13.5 13.9 14.2



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x h O



Indirect Cash Flow Statement


Net Profit After Tax - - - 32.3 33.1 33.8 34.7 35.7

(Add Back) Tax Expense - - - 13.8 14.2 14.5 14.9 15.3

(Add Back) Total Debt Interest Expense - - - 3.3 3.4 3.6 3.6 3.6

(Add Back) Total Book Depreciation & Amortisation - - - 15.2 15.6 16.0 16.4 16.8

Decrease in Accounts Receivable - - - (0.3) (0.3) (0.3) (0.3) (0.3

Increase in Accounts Payable - - - 0.2 0.2 0.2 0.2 0.3

Interest Paid - - - (3.3) (3.4) (3.6) (3.6) (3.6

Tax Paid - - - (13.5) (13.8) (14.2) (14.5) (14.9

Decrease in Other Current Assets - - - (1.0) (1.0) (1.0) (1.0) (1.0

Increase in Other Current Liabilities - - - 1.0 1.0 1.0 1.0 1.0



Capital Expenditure - Assets - - - (16.2) (16.6) (17.0) (17.4) (17.8

Capital Expenditure - Intangibles - - - (2.7) (2.8) (2.8) (2.9) (3.0

Decrease in Other Non-Current Assets - - - (1.0) (1.0) (1.0) (1.0) (1.0

Increase in Other Non-Current Liabilities - - - 1.0 1.0 1.0 1.0 1.0

Net Cash Flow from Investing Activities - - - (18.8) (19.3) (19.8) (20.3) (20.8


Debt Drawdowns - - - - 50.0 - - -

Debt Repayments - - - - (45.0) - - -



Dividends Paid During Period - - - (16.2) (16.5) (16.9) (17.4) (17.8


Net Cash Flow from Financing Activities - - - (15.8) (11.4) (16.8) (17.3) (17.7

Net Increase / (Decrease) in Cash Held - - - 13.2 18.2 13.5 13.9 14.2


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x h O




CFS_Fcast_TO



47/66


x h O



Capital Providers - Cash Flow Reconciliation


Net Cash Flow from Investing Activities - - - (18.8) (19.3) (19.8) (20.3) (20.8)

(Add Back) Interest Paid - - - 3.3 3.4 3.6 3.6 3.6

Cash Flow Available To Capital Providers - - - 32.2 33.0 33.9 34.7 35.6

Interest Paid - - - (3.3) (3.4) (3.6) (3.6) (3.6)

Debt Drawdowns - - - - 50.0 - - -

Debt Repayments - - - - (45.0) - - -


Cash Flow Available to Equity (CFAE) - - - 29.4 34.7 30.4 31.3 32.1



Cash Flow Available for Dividends - - - 29.4 34.7 30.4 31.3 32.1

Dividends Paid During Period - - - (16.2) (16.5) (16.9) (17.4) (17.8)Net Increase / (Decrease) in Cash Held - - - 13.2 18.2 13.5 13.9 14.2


Notes

1. All values are stated in $Millions unless stated otherwise.

Go to Income Statement - Forecast Outputs

Go to Balance Sheet - Forecast Outputs


48/66

All Periods OutputsSub-Section 3.3.Historical & Forecast Business Planning Model 6.0 (Basic)


Contains the Income Statement, Balance Sheet and Cash Flow Statement for all periods.



All_Pers_OP_SSC



49/66

Income Statement - All Periods OutputsHistorical & Forecast Business Planning Model 6.0 (Basic)

x h O

Year Ending 31 December 2010 (A) 2011 (A) 2012 (A) 2013 (F) 2014 (F) 2015 (F) 2016 (F) 2017 (F)

Income Statement

Revenue 125.0 128.1 131.3 134.6 138.0 141.4 145.0 148.6

Cost of Goods Sold (25.0) (25.6) (26.3) (26.9) (27.6) (28.3) (29.0) (29.7)

Gross Margin 100.0 102.5 105.1 107.7 110.4 113.1 116.0 118.9

Operating Expenditure (40.0) (41.0) (42.0) (43.1) (44.2) (45.3) (46.4) (47.5)

EBITDA 60.0 61.5 63.0 64.6 66.2 67.9 69.6 71.3

Depreciation & Amortization (14.1) (14.5) (14.8) (15.2) (15.6) (16.0) (16.4) (16.8)

EBIT 45.9 47.0 48.2 49.4 50.6 51.9 53.2 54.5

Interest Expense (3.3) (3.3) (3.3) (3.3) (3.4) (3.6) (3.6) (3.6)

Net Profit Before Tax 42.6 43.8 44.9 46.2 47.2 48.3 49.6 51.0

Tax Expense / (Benefit) (12.8) (13.1) (13.5) (13.8) (14.2) (14.5) (14.9) (15.3)

Net Profit After Tax 29.8 30.6 31.5 32.3 33.1 33.8 34.7 35.7

Notes


2. Revenues and expenses appear as positive and negative numbers respectively.




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Balance Sheet - All Periods OutputsHistorical & Forecast Business Planning Model 6.0 (Basic)

x h O



Current Assets

Cash at Bank 5.0 7.5 12.1 24.6 37.8 56.0 69.5 83.4 97.6

Accounts Receivable 10.3 10.3 10.5 10.8 11.1 11.3 11.6 11.9 12.2


Total Current Assets 18.3 20.8 26.7 40.4 54.9 74.4 89.1 104.2 119.8

Non-Current Assets

Assets 146.5 146.5 148.0 149.6 151.2 152.9 154.6 156.3 158.1

Intangibles 13.4 13.4 15.3 17.3 19.3 21.4 23.5 25.7 27.9


Other Non-Current Assets 4.0 4.0 5.0 6.0 7.0 8.0 9.0 10.0 11.0Total Non-Current Assets 163.9 163.9 168.3 172.9 177.5 182.2 187.1 192.0 197.0

Total Assets 182.1 184.6 195.0 213.3 232.4 256.6 276.2 296.2 316.8

Current Liabilities

Accounts Payable 8.0 8.0 8.2 8.4 8.6 8.8 9.1 9.3 9.5

Tax Payable 12.8 12.8 13.1 13.5 13.8 14.2 14.5 14.9 15.3


Ordinary Equity Dividends Payable - - - - - - - - -Other Current Liabilities 5.0 5.0 6.0 7.0 8.0 9.0 10.0 11.0 12.0

Total Current Liabilities 25.8 25.8 27.3 28.9 30.5 32.0 33.6 35.2 36.8



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Balance Sheet - All Periods OutputsHistorical & Forecast Business Planning Model 6.0 (Basic)

x h O




Debt 50.0 50.0 50.0 50.0 50.0 55.0 55.0 55.0 55.0

Deferred Tax Liabilities - - - - - - - - -

Other Non-Current Liabilities 6.0 6.0 7.0 8.0 9.0 10.0 11.0 12.0 13.0Total Non-Current Liabilities 56.0 56.0 57.0 58.0 59.0 65.0 66.0 67.0 68.0

Total Liabilities 81.8 81.8 84.3 86.9 89.5 97.0 99.6 102.2 104.8

Net Assets 100.3 102.8 110.7 126.4 143.0 159.6 176.6 194.1 212.0

Equity

Ordinary Equity 75.0 75.0 75.0 75.0 75.0 75.0 75.0 75.0 75.0

Other Equity 5.0 5.0 5.0 5.0 5.4 5.5 5.6 5.7 5.8Retained Profits 20.3 22.8 30.7 46.4 62.6 79.1 96.0 113.4 131.2

Total Equity 100.3 102.8 110.7 126.4 143.0 159.6 176.6 194.1 212.0


Alert Check (Negative Cash) - - - - - - - - - -

Notes




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Cash Flow Statement - All Periods OutputsHistorical & Forecast Business Planning Model 6.0 (Basic)

x h O


Direct Cash Flow Statement


Cash Receipts 135.7 127.9 131.1 134.3 137.7 141.1 144.7 148.3

Cash Payments (73.0) (66.4) (68.1) (69.8) (71.5) (73.3) (75.2) (77.0)

Interest Paid (3.3) (3.3) (3.3) (3.3) (3.4) (3.6) (3.6) (3.6)

Tax Paid (3.5) (12.8) (13.1) (13.5) (13.8) (14.2) (14.5) (14.9)

Decrease in Other Current Assets (1.0) (1.0) (1.0) (1.0) (1.0) (1.0) (1.0) (1.0)

Increase in Other Current Liabilities 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0

Net Cash Flow from Operating Activities 56.0 45.4 46.6 47.8 48.9 50.1 51.5 52.8


Capital Expenditure - Assets (15.0) (15.4) (15.8) (16.2) (16.6) (17.0) (17.4) (17.8)Capital Expenditure - Intangibles (2.5) (2.6) (2.6) (2.7) (2.8) (2.8) (2.9) (3.0)

Decrease in Other Non-Current Assets (1.0) (1.0) (1.0) (1.0) (1.0) (1.0) (1.0) (1.0)

Increase in Other Non-Current Liabilities 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0

Net Cash Flow from Investing Activities (17.5) (17.9) (18.4) (18.8) (19.3) (19.8) (20.3) (20.8)


Debt Drawdowns - - - - 50.0 - - -

Debt Repayments - - - - (45.0) - - -


Dividends Paid During Period (14.9) (15.3) (15.7) (16.2) (16.5) (16.9) (17.4) (17.8)

Increase in Other Equity 0.1 0.1 0.1 0.4 0.1 0.1 0.1 0.1

Net Cash Flow from Financing Activities (14.8) (15.2) (15.6) (15.8) (11.4) (16.8) (17.3) (17.7)

Net Increase / (Decrease) in Cash Held 23.7 12.2 12.6 13.2 18.2 13.5 13.9 14.2


Cash Flow Statement All Periods Outputs


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Cash Flow Statement - All Periods OutputsHistorical & Forecast Business Planning Model 6.0 (Basic)

x h O




Notes

1. All values are stated in $Millions unless stated otherwise.


CFS_All_TOPrinted: 8:08 AM on 10/21/2013 Page 53 of 66


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Dashboard OutputsSub-Section 3.4.Historical & Forecast Business Planning Model 6.0 (Basic)


Contains dashboard-style presentation output sheets.



Dashboards_SSC


Business Planning SummaryHistorical & Forecast Business Planning Model 6.0 (Basic)G t T bl f C t t


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Year Ending 31 December 2010 (A) 2011 (A) 2012 (A) 2013 (F) 2014 (F) 2015 (F)

Revenue 125.0 128.1 131.3 134.6 138.0 141.4

Cost of Goods Sold (25.0) (25.6) (26.3) (26.9) (27.6) (28.3)

Gross Margin 100.0 102.5 105.1 107.7 110.4 113.1

Operating Expenditure (40.0) (41.0) (42.0) (43.1) (44.2) (45.3)

EBITDA 60.0 61.5 63.0 64.6 66.2 67.9

Depreciation & Amortization (14.1) (14.5) (14.8) (15.2) (15.6) (16.0)

EBIT 45.9 47.0 48.2 49.4 50.6 51.9

Interest Expense (3.3) (3.3) (3.3) (3.3) (3.4) (3.6)

Net Profit Before Tax 42.6 43.8 44.9 46.2 47.2 48.3

Tax Expense / (Benefit) (12.8) (13.1) (13.5) (13.8) (14.2) (14.5)

Net Profit After Tax 29.8 30.6 31.5 32.3 33.1 33.8


Current Assets 20.8 26.7 40.4 54.9 74.4 89.1

Non-Current Assets 163.9 168.3 172.9 177.5 182.2 187.1

Total Assets 184.6 195.0 213.3 232.4 256.6 276.2

Current Liabilities 25.8 27.3 28.9 30.5 32.0 33.6

Non-Current Liabilities 56.0 57.0 58.0 59.0 65.0 66.0

Total Liabilities 81.8 84.3 86.9 89.5 97.0 99.6

Net Assets 102.8 110.7 126.4 143.0 159.6 176.6

Ordinary Equity 75.0 75.0 75.0 75.0 75.0 75.0

Other Equity 5.0 5.0 5.0 5.4 5.5 5.6

Retained Profits 22.8 30.7 46.4 62.6 79.1 96.0

Total Equity 102.8 110.7 126.4 143.0 159.6 176.6


Cash Receipts 135.7 127.9 131.1 134.3 137.7 141.1

Cash Payments (73.0) (66.4) (68.1) (69.8) (71.5) (73.3)

Other Operating Cash Flows (6 8) (16 0) (16 4) (16 7) (17 3) (17 7)

x h O

Balance Sheet

Income Statement


Cash Flow Statement

-

20

40

60

80

100

120

140

160

2010(A)

2011(A)

2012(A)

2013(F)

2014(F)

2015(F)

Revenue

Revenue (Historical)

Revenue (Forecast)

200

Revenue (Histo

Operating ExpeCost of Goods S

EBITDA

-5

10

15

20

25

30

35

40

45

50

2010(A)

2011(A)

2012(A)

2013(F)

2014(F)

201(F

Operating Expenditure

Operating Expenditure (Foreca

Operating Expenditure (Historic


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AppendicesSection 4.Historical & Forecast Business Planning Model 6.0 (Basic)

Section Cover Notes

[Insert section cover note 1]

[Insert section cover note 2][Insert section cover note 3]



Appendices_SC



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ChecksSub-Section 4.1.Historical & Forecast Business Planning Model 6.0 (Basic)

Sub-Section Cover Notes

Contains model checks and lookup tables.



Checks_SSC



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ChecksHistorical & Forecast Business Planning Model 6.0 (Basic)

x h O

Error Checks

##

Errors Detected - Summary

Total Errors: -Error Message (Empty if None):

Error Checks

Error Checks Check Include? Flag

Accounts Receivable Balances ($Millions) - Yes -

Accounts Payable Balances ($Millions) - Yes -

Assets Balances ($Millions) - Yes -

Intangibles Balances ($Millions) - Yes -Ordinary Equity - Outputs - Yes -

Income Statement - Forecast Outputs - Yes -

Balance Sheet - Forecast Outputs - Yes -

Cash Flow Statement - Forecast Outputs - Yes -

Total Errors: -


Include summary in model name?

Checks


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Sensitivity Checks

##

Sensitivities Detected - Summary

Total Sensitivities: -

Sensitivity Message (Empty if None):

Sensitivity Checks

Sensitivity Checks Check Include? Flag

Total Sensitivities: -


Ch k


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Alert Checks

##

Alerts Detected - Summary

Total Alerts: -Alert Message (Empty if None):

Alert Checks

Alert Checks Check Include? Flag

Balance Sheet - Historical Assumptions - Yes -

Balance Sheet - Historical Outputs - Yes -

Ordinary Equity - Outputs - Yes -

Balance Sheet - Forecast Outputs - Yes -

Total Alerts: -



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Lookup TablesSub-Section 4.2.Historical & Forecast Business Planning Model 6.0 (Basic)

Sub-Section Cover Notes

Contains model lookup tables.



LU_SSC


Time Series Lookup TablesHistorical & Forecast Business Planning Model 6 0 (Basic)


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Historical & Forecast Business Planning Model 6.0 (Basic)

Time Series Lookup Tables

Month Days Names

Month Days LU_Mth_Days

1

2

3

4

5

67

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31



TS_LU


Time Series Lookup TablesHi t i l & F t B i Pl i M d l 6 0 (B i )


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Month Names Names

Month Names LU_Mth_Names

January

February

March

April

May

June

July

August

September

October

November

December

Denomination Names

Denomination LU_Denom

$Billions Billions

$Millions Millions

$'000 Thousands

$ Currency

Data Term Basis Names

Data Term Basis LU_Data_Term_Basis

Active Data Periods

Projections Start

181965865.xlsx.ms_officeTS_LU


Time Series Lookup TablesHi t i l & F t B i Pl i M d l 6 0 (B i )


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Periodicity Names

Periodicity LU_Periodicity

Annual Annual

Semi-Annual Semi_Annual

Quarterly Qtrly

Monthly Mthly

Period Type Names Names

Period Type Names LU_Period_Type_Names

Year Yr_Name

Half Year Half_Yr_Name

Quarter Qtr_Name

Month Mth_Name

Periods In Year Names

Periods In Year LU_Pers_In_Yr

1 Yrs_In_Yr

2 Halves_In_Yr

4 Qtrs_In_Yr

12 Mths_In_Yr

Conversion Factors Names

Conversion Factors

10 Ten

100 Hundred

1,000 Thousand

1,000,000 Million

1,000,000,000 Billion


TS_LU


Capital - Lookup TablesHistorical & Forecast Business Planning Model 6.0 (Basic)


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g ( )

Capital - Lookup Tables

Dividend Method Lookup Names:

Dividend Method LU_Eq_Ord_Div_Meth

% of NPAT

Assume Dividend Amounts



Capital_LU


Dashboards - Lookup TablesHistorical & Forecast Business Planning Model 6.0 (Basic)


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g ( )

Dashboard Lookup Tables

Selected Period Lookup Names

Selected Period LU_Dashboard_Selected_Period

2010 (A)

2011 (A)

2012 (A)

2013 (F)

2014 (F)

2015 (F)

2016 (F)

2017 (F)



Dashboards_LU


BpmToolbox 6.0-Historical & Forecast Business Planning Model Example (Basic)

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