Dickson Manufacturing Company
2006 Budget

Conclusion


1. Cash Requirement
      Is loan required?

2. Exchange Risk
    ...
Dickson Manufacturing Company

General Description                                                                   Goto ...
oto Assumptions




irect Labor, Depreciation & finally the Balance Sheet

et in a company



hase burden(inward freight) ...
Dickson Manufacturing Company
2006 Budget


Assumptions:                          Price              Qty          Jan-06  ...
6. Unemployment                  Income
       LowerLimit              1,128
       UpperLimit              1,880

       ...
Goto Headcount


 Apr-06    May-06     Jun-06     Jul-06    Aug-06    Sep-06    Oct-06    Nov-06    Dec-06
198,000   159,0...
Stock Days              45 days
                             Dec-03      Jan-04 Feb-04 Mar-04       Apr-04 May-04   Jun-04...
Jul-04 Aug-04 Sep-04
5,500 4,700 6,700
Dec-03                              Go Back to Assumptions
Stock Value                8,500
Stock Days              #VALUE...
Dickson Manufacturing Company
2006 Budget                                      Goto PNL
Headcount

                       ...
Assistant Prod. Mgr           18,000    19,080         -       19,080      564   451
   Clerk                          2,0...
Industrial           Unemploy
           Mertanity               Medical           Housing         Ttl Deduction
  injury ...
28   9   28   423   113   1,908   1,908      2,961     2,472   15,408   Err:502
11   9   28   159    42     212     212   ...
Double
Take      Total Cost
Home       per HC        Pay/
                        Bonus




                              ...
Err:502   22,041       1,590           1        1        1        1        1        1        1        1        1
Err:502  ...
Headcount Explanation

                                             1.   New Staff join in different months, not necessary...
1        1        1
     2        2        2
    10       10       10
    20       20       20
    40       40       40
  ...
ssary being on board on Jan



ectors depends on instalment of production line


pply for consoliated working hours, i.e. ...
Dickson Manufacturing Company
2006 Budget
                                                                          Goto C...
======= ======= ======= ======= ======= ======= =======

Extra Cash/(Loan)       ###   Err:502   Err:502   Err:502   Err:5...
Jul-06      Aug-06       Sep-06       Oct-06      Nov-06        Dec-06

       500          500         500          500  ...
======= ======= ======= ======= ======= =======

 Err:502   Err:502   Err:502   Err:502   Err:502   Err:502
Nov-05   Dec-05  Jan-06  Feb-06 Mar-06   Apr-06 May-06   Jun-06
Purchase      ### #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! ...
Jul-06 Aug-06  Sep-06  Oct-06 Nov-06   Dec-06
#VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Dickson Manufacturing Company
2006 Budget                                                  Goto Balance Sheet

Profit & Lo...
Mechanism      1,654        665 1,492 1,606                 1,289 1,460 1,865 2,433
Plastic          408        164       ...
Sep-06 Oct-06 Nov-06 Dec-06                   Total
  6,194 5,856   4,966 4,592                   48,968


   2,822 2,668 ...
2,822 2,668           2,263 2,092            1,903 765
     696        658         558       516          469 189
     452...
Cashflow
                              Jan-08 Feb-08 Mar-08 Apr-08 May-08 Jun-08                        Jul-08 Aug-08 Sep-...
Cur: HKD'000
 Nov-08 Dec-08
   338    223

     125       125


    890     374
    453 1,156
   (579) (1,062)

----------...
Dickson Manufacturing Company
2006 Budget

Dept: General Management

                        Jan-06 Feb-06 Mar-06 Apr-06 M...
Oct-06 Nov-06 Dec-06               Total

     87      87      87 1,049
     -       -       -       -
       7       7   ...
Dickson Manufacturing Company
2006 Budget

Dept: Finance

                        Jan-06 Feb-06 Mar-06 Apr-06 May-06 Jun-0...
Oct-06 Nov-06 Dec-06               Total

   100     100     100 1,169
      3       3       3      37
      8       8    ...
Dickson Manufacturing Company
2006 Budget

Dept: Human Resources

                        Jan-06 Feb-06 Mar-06 Apr-06 May-...
Oct-06 Nov-06 Dec-06               Total

      35         35         35        424
       1          1          1        ...
Dickson Manufacturing Company
2006 Budget

Dept: Supply Chain

                        Jan-06 Feb-06 Mar-06 Apr-06 May-06 ...
Oct-06 Nov-06 Dec-06               Total

    176         176        176     1,935
      9           9          9        8...
Dickson Manufacturing Company
2006 Budget

Dept: Production

                                    Jan-06 Feb-06 Mar-06 Apr-...
Repair Technician   7   -   -   7   -   -   -
Aug-06 Sep-06 Oct-06 Nov-06 Dec-06                        Total

     412        412       412         412        412     ...
4   16   17   3   1   19
Dickson Manufacturing Company
2006 Budget

Dept: Product Development

                        Jan-06 Feb-06 Mar-06 Apr-06 ...
Oct-06 Nov-06 Dec-06               Total

      62         62         62        729
       4          4          4        ...
Dickson Manufacturing Company
2006 Budget

Dept: Quality

                                Jan-06 Feb-06 Mar-06 Apr-06 May-...
Sep-06 Oct-06 Nov-06 Dec-06                   Total

      96         96         96         96     1,067
      16         ...
Worksheet for budgeting 2010
Worksheet for budgeting 2010
Worksheet for budgeting 2010
Worksheet for budgeting 2010
Worksheet for budgeting 2010
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Worksheet for budgeting 2010

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Sample template for doing 2010 departmental budget

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Transcript of "Worksheet for budgeting 2010"

  1. 1. Dickson Manufacturing Company 2006 Budget Conclusion 1. Cash Requirement Is loan required? 2. Exchange Risk How far will PNL change by 1% increase in RMB? 3. Cash Cycle control on working capital change and loan requirement? 4. Other Risk?
  2. 2. Dickson Manufacturing Company General Description Goto Assumptions - A manufacturing Company being engaged in production of product X - The company has 7 departments * General Management * Finance * Human Resources * Production * Supply Chain * Quality Control * Product Development - A simplified version of budget which just focus on Sales, Cost of Goods Sold, Direct Labor, Depreciation & fina - It is only for illustration purpose, not sufficient to build up a full version of budget in a company - Manufacturing Overhead include Production/Supply Chain/Quality/Engineering Administration Expenses include General Management/Finance/Human Resources For simplicity, overhead is not absorbed in the material cost and there is no purchase burden(inward freight) for - No consideration for accruals in balance sheet - Stock Days Today stock is for tomorrow production/sales Goto Stock Day Illustration - Debtors Today accournt receivables is sales incurred this month and the previous one - Creditors Today accournt payables is purchase incurred this month and the previous one
  3. 3. oto Assumptions irect Labor, Depreciation & finally the Balance Sheet et in a company hase burden(inward freight) for material
  4. 4. Dickson Manufacturing Company 2006 Budget Assumptions: Price Qty Jan-06 Feb-06 Mar-06 1. product group sales 17.80 2,751,000 204,000 82,000 184,000 2. BOM Parts Usage Cost Cur Ex Rate U.Cost i Mechanism 1 8.11 USD 8.11 1.00 ii Plastic 2 2.00 RMB 1.00 2.00 iii Packing 2 1.30 RMB 1.00 1.30 --------------- 11.41 3. Production Capacity Working Hours/day 8 Output/hour/line 150 Output/day 1,200 Working Day 248 21 15 23 Working Hours Needed 1,360 547 1,227 Lines required 9 5 7 Workers/Line 42 Line Leader 1 A. Leader 2 Material Feeder 4 Workers 35 Backup Workers 3 Existing Line 7 7 7 7 Hours thereon 1,176 840 1,288 Total OT Hours 184 - - OT Hours/Line 26 - - Production line increment - - - Cost 800,000 Inspectors/Line 4 4. % in Salary Adj. 6% 5. Upper Limit of Income for Medical Insurance Medical 5,640
  5. 5. 6. Unemployment Income LowerLimit 1,128 UpperLimit 1,880 Procreated 1,880 MidWages 780 7. Tax - 5% - 0-500 501 10% 25 500-2000 2,001 15% 125 2000-5000 5,001 20% 375 5000-20000 20,001 25% 1,375 20000-40000 40,001 30% 3,375 40000-60000 60,001 35% 6,375 60000-80000 80,001 40% 10,375 80000-100000 100,001 45% 15,375 >100000 8. Tax Allowance LocalPersonal 1,200 ExpatPersonal 4,000 9. Balance Sheet Assumptions Stock Day Material mechanism 45 plastic 20 packing 10 WIP 7 Finished Goods 3 Debtors Day 30 Creditors Day 55
  6. 6. Goto Headcount Apr-06 May-06 Jun-06 Jul-06 Aug-06 Sep-06 Oct-06 Nov-06 Dec-06 198,000 159,000 180,000 230,000 300,000 348,000 329,000 279,000 258,000 20 20 22 21 23 21 19 22 21 1,320 1,060 1,200 1,533 2,000 2,320 2,193 1,860 1,720 9 7 7 10 11 14 15 11 11 7 7 7 10 10 10 10 10 10 1,120 1,120 1,232 1,680 1,840 1,680 1,520 1,760 1,680 200 - - - 160 640 673 100 40 29 - - - 16 64 67 10 4 - - - 3 - - - - -
  7. 7. Stock Days 45 days Dec-03 Jan-04 Feb-04 Mar-04 Apr-04 May-04 Jun-04 Cost of Goods Sold 4,750 3,253 2,540 3,548 4,500 5,000 6,150 (qty or cost) Nov-03 Dec-03 Jan-04 Feb-04 Mar-04 Apr-04 May-04 Jun-04 Inventory ### ### ### ### ### ### ### ### Nov-03 Dec-03 Jan-04 Feb-04 Mar-04 Apr-04 May-04 Jun-04 Purchase 3,000 ### ### ### ### ### ### ### Opening + Purchase - Cost of Goods Sold = Closing =====> Purchase = Closing + Cost of Goods Sold - Opening Creditors Day 75 days Jan-04 Feb-04 Mar-04 Apr-04 May-04 Jun-04 Accounts Payable ### ### ### ### ### ### Debtors Day 45 days Cash Cycle Stock Days Debtors Days Cash Creditors Days Days
  8. 8. Jul-04 Aug-04 Sep-04 5,500 4,700 6,700
  9. 9. Dec-03 Go Back to Assumptions Stock Value 8,500 Stock Days #VALUE! days Jan-04 Feb-04 Mar-04 Apr-04 Cost of Goods Sold 3,253 1,540 3,548 4,500 Stock Value 8,500 Cost of Goods Sold Days Jan-04 3,253 30 -------------- 5,247 Feb-04 1,540 30 -------------- 3,707 Mar-04 3,548 30 -------------- 159 Apr-04 4,500 1 -------------- -------------- - 91
  10. 10. Dickson Manufacturing Company 2006 Budget Goto PNL Headcount Pension Expenses per 1 staff Overtime Company Personal 2005 Basic Total 10% 8% Dept/Position Salary Salary Hours Pay Gross Management General Mgr 75,000 79,500 - 79,500 3,975 Assistant to GM 7,500 7,950 - 7,950 564 451 Finance Financial Controller 55,000 58,300 - 58,300 2,000 Finance Manager 15,000 15,900 - 15,900 564 451 Cost Accountant 9,000 9,540 15 1,283 10,823 564 451 A. Accountant 5,000 5,300 15 713 6,013 530 424 Human Resources HR Manager 16,000 16,960 - 16,960 564 451 HR Supervisor 8,000 8,480 - 8,480 564 451 HR Assistant 2,800 2,968 15 399 3,367 297 237 HR Assistant 5,000 5,300 15 713 6,013 530 424 Receptionist 1,500 1,590 15 214 1,804 159 127 Supply Chain SC Manager 25,000 26,500 - 26,500 564 451 Sourcing Manager 16,500 17,490 - 17,490 564 451 Sourcing Engineer 6,000 6,360 15 855 7,215 564 451 Sourcing Assistant 2,000 2,120 15 285 2,405 212 170 Vendor Admin 1,900 2,014 15 271 2,285 201 161 Vendor Manager 22,000 23,320 - 23,320 564 451 Engineer 5,500 5,830 15 784 6,614 564 451 Planning Manager 16,500 17,490 - 17,490 564 451 Distribution Manager 12,000 12,720 - 12,720 564 451 Supervisor 6,000 6,360 20 1,140 7,500 564 451 Workers 580 615 20 110 725 78 62 Production Production Manager 40,000 42,400 - 42,400 564 451
  11. 11. Assistant Prod. Mgr 18,000 19,080 - 19,080 564 451 Clerk 2,000 2,120 - 2,120 212 170 Line Leader 1,000 1,060 - 1,060 78 62 A. Leader 800 848 - 848 78 62 Material Feeder 580 615 - 615 78 62 Worker 580 615 - 615 78 62 Back up worker 580 615 - 615 78 62 Assistant PE Mgr 17,000 18,020 - 18,020 564 451 Electronics Engineer 5,000 5,300 - 5,300 530 424 Industrial Engineering Engineer 5,500 5,830 - 5,830 564 451 Mechanical Engineer 5,000 5,300 - 5,300 530 424 Fixture Technician 2,000 2,120 - 2,120 212 170 Repair Technician 2,000 2,120 - 2,120 212 170 Product Development Engineering Manager 20,000 21,200 - 21,200 564 451 Document Control Clerk 3,300 3,498 15 470 3,968 350 280 Senior Engineer 7,000 7,420 - 7,420 564 451 Engineers 4,700 4,982 15 670 5,652 498 399 Quality Engineering Quality Manager 22,000 23,320 - 23,320 564 451 Assistant Quality Manager 9,000 9,540 - 9,540 564 451 Quality Engineer 7,000 7,420 - 7,420 564 451 Document/IQC Supervisor 4,000 4,240 - 4,240 424 339 PQC/PQA Supervisor 4,000 4,240 - 4,240 424 339 Clerk 2,000 2,120 - 2,120 212 170 Inspector 580 615 - 615 78 62 ------------ 535,149
  12. 12. Industrial Unemploy Mertanity Medical Housing Ttl Deduction injury ment Assessable Company Company Company Company Personal Company Personal Company Personal Tax Income 0.50% 0.50% 1.50% 7.50% 2% 10% 10% 2,000 5,975 75,500 Err:502 28 9 28 423 113 795 795 1,848 1,359 5,391 Err:502 2,000 4,000 54,300 Err:502 28 9 28 423 113 1,590 1,590 2,643 2,154 12,546 Err:502 28 9 28 423 113 954 954 2,007 1,518 8,105 Err:502 27 9 28 398 106 530 530 1,522 1,060 3,753 Err:502 28 9 28 423 113 1,696 1,696 2,749 2,260 13,500 Err:502 28 9 28 423 113 848 848 1,901 1,412 5,868 Err:502 15 9 28 223 59 297 297 869 594 1,573 Err:502 27 9 28 398 106 530 530 1,522 1,060 3,753 Err:502 8 9 24 119 32 159 159 478 318 286 Err:502 28 9 28 423 113 2,650 2,650 3,703 3,214 22,086 Err:502 28 9 28 423 113 1,749 1,749 2,802 2,313 13,977 Err:502 28 9 28 423 113 636 636 1,689 1,200 4,815 Err:502 11 9 28 159 42 212 212 631 424 781 Err:502 10 9 28 151 40 201 201 602 403 682 Err:502 28 9 28 423 113 2,332 2,332 3,385 2,896 19,224 Err:502 28 9 28 423 113 583 583 1,636 1,147 4,267 Err:502 28 9 28 423 113 1,749 1,749 2,802 2,313 13,977 Err:502 28 9 28 423 113 1,272 1,272 2,325 1,836 9,684 Err:502 28 9 28 423 113 636 636 1,689 1,200 5,100 Err:502 4 9 17 59 16 167 78 - Err:502 28 9 28 423 113 4,240 4,240 5,293 4,804 36,396 Err:502
  13. 13. 28 9 28 423 113 1,908 1,908 2,961 2,472 15,408 Err:502 11 9 28 159 42 212 212 631 424 496 Err:502 4 9 17 59 16 167 78 - Err:502 4 9 17 59 16 167 78 - Err:502 4 9 17 59 16 167 78 - Err:502 4 9 17 59 16 167 78 - Err:502 4 9 17 59 16 167 78 - Err:502 28 9 28 423 113 1,802 1,802 2,855 2,366 14,454 Err:502 27 9 28 398 106 530 530 1,522 1,060 3,040 Err:502 28 9 28 423 113 583 583 1,636 1,147 3,483 Err:502 27 9 28 398 106 530 530 1,522 1,060 3,040 Err:502 11 9 28 159 42 212 212 631 424 496 Err:502 11 9 28 159 42 212 212 631 424 496 Err:502 28 9 28 423 113 2,120 2,120 3,173 2,684 17,316 Err:502 17 9 28 262 70 350 350 1,017 700 2,069 Err:502 28 9 28 423 113 742 742 1,795 1,306 4,914 Err:502 25 9 28 374 100 498 498 1,433 996 3,455 Err:502 28 9 28 423 113 2,332 2,332 3,385 2,896 19,224 Err:502 28 9 28 423 113 954 954 2,007 1,518 6,822 Err:502 28 9 28 423 113 742 742 1,795 1,306 4,914 Err:502 21 9 28 318 85 424 424 1,225 848 2,192 Err:502 21 9 28 318 85 424 424 1,225 848 2,192 Err:502 11 9 28 159 42 212 212 631 424 496 Err:502 4 9 17 59 16 167 78 - Err:502 ---------- 83,307
  14. 14. Double Take Total Cost Home per HC Pay/ Bonus 6 6 6 6 6 06 06 06 6 -0 -0 6 -0 -0 -0 -0 -0 b- ay n- ar p- ug pr n ct l Ju Ju Fe Se Ja M M O A A 79,500 Err:502 14,575 1 1 1 1 1 1 1 1 1 Err:502 9,798 663 1 1 1 1 1 1 1 1 1 58,300 Err:502 10,688 1 1 1 1 1 1 1 1 1 Err:502 18,543 1,325 1 1 1 1 1 1 1 1 1 Err:502 12,829 795 1 1 1 1 1 1 1 1 1 Err:502 7,534 442 2 2 2 2 2 3 3 3 3 Err:502 19,709 1,413 1 1 1 1 1 1 1 1 1 Err:502 10,381 707 1 1 1 1 1 1 1 1 1 Err:502 4,236 247 1 1 1 1 1 1 1 1 1 Err:502 7,534 442 1 1 1 1 1 1 1 1 1 Err:502 2,282 133 1 1 1 1 1 1 1 1 1 Err:502 30,203 2,208 1 1 1 1 1 1 1 1 1 Err:502 20,292 1,458 1 1 1 1 1 1 1 1 1 Err:502 8,904 530 1 1 1 2 2 2 2 2 2 Err:502 3,036 177 1 1 1 1 1 2 2 2 2 Err:502 2,886 168 1 1 1 1 1 1 1 1 1 Err:502 26,705 1,943 1 1 1 2 2 2 2 2 2 Err:502 8,250 486 1 1 1 2 2 2 2 2 2 Err:502 20,292 1,458 1 1 1 1 1 1 1 1 1 Err:502 15,045 1,060 1 1 1 1 1 1 1 1 1 Err:502 9,189 530 1 1 1 1 1 2 2 2 2 Err:502 892 251 10 10 10 10 10 15 20 20 20 Err:502 47,693 3,533 1 1 1 1 1 1 1 1 1
  15. 15. Err:502 22,041 1,590 1 1 1 1 1 1 1 1 1 Err:502 2,751 177 1 1 1 1 1 1 2 2 2 Err:502 1,227 288 7 7 7 7 7 7 10 10 10 Err:502 1,015 271 14 14 14 14 14 14 20 20 20 Err:502 782 251 28 28 28 28 28 28 40 40 40 Err:502 782 251 245 245 245 245 245 245 350 350 350 Err:502 782 251 21 21 21 21 21 21 30 30 30 Err:502 20,875 1,502 1 1 1 1 1 1 1 1 1 Err:502 6,822 442 1 1 1 1 1 1 1 1 1 Err:502 7,466 486 1 1 1 1 1 1 1 1 1 Err:502 6,822 442 1 1 1 1 1 2 2 2 2 Err:502 2,751 177 1 1 1 1 1 2 2 2 2 Err:502 2,751 177 2 2 2 2 2 3 8 8 8 Err:502 24,373 1,767 1 1 1 1 1 1 1 1 1 Err:502 4,985 292 1 1 1 1 1 1 1 1 1 Err:502 9,215 618 1 1 1 1 1 1 1 1 1 Err:502 7,084 415 3 6 6 6 6 6 6 6 6 Err:502 26,705 1,943 1 1 1 1 1 1 1 1 1 Err:502 11,547 795 1 1 2 2 2 2 2 2 2 Err:502 9,215 618 1 1 1 1 1 1 1 1 1 Err:502 5,465 353 2 2 2 2 2 2 2 2 2 Err:502 5,465 353 1 1 1 2 2 2 2 2 2 Err:502 2,751 177 1 1 2 2 2 2 2 2 2 Err:502 782 251 28 28 28 28 28 28 40 40 40 ------------ -------- -------- -------- -------- -------- -------- -------- -------- -------- 59,117 398 401 403 407 407 418 576 576 576
  16. 16. Headcount Explanation 1. New Staff join in different months, not necessary being on board on J 2. Number of production line operators & Inspectors depends on instalm 6 6 6 06 6 -0 -0 -0 -0 p- ug ov ec ct Se O N D 3. The company follows labor regulation and apply for consoliated work 1 1 1 1 1 1 4. The company does not pay income tax for staff, only does tax equaliz 5. Production operators & inspectors are working overtime based on pro 1 1 1 1 1 1 1 1 1 3 3 3 Goto Detail Headcount 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 2 2 2 2 2 2 1 1 1 2 2 2 2 2 2 1 1 1 1 1 1 2 2 2 20 20 20 1 1 1
  17. 17. 1 1 1 2 2 2 10 10 10 20 20 20 40 40 40 350 350 350 30 30 30 1 1 1 1 1 1 1 1 1 2 2 2 2 2 2 8 8 8 1 1 1 1 1 1 1 1 1 6 6 6 1 1 1 2 2 2 1 1 1 2 2 2 2 2 2 2 2 2 40 40 40 -------- -------- -------- 576 576 576
  18. 18. ssary being on board on Jan ectors depends on instalment of production line pply for consoliated working hours, i.e. OT Pay on Saturday is 1.5 times of normal wages aff, only does tax equalization for GM & Financial Controller ng overtime based on production needs
  19. 19. Dickson Manufacturing Company 2006 Budget Goto Conclusion Balance Sheet Dec-05 Jan-06 Feb-06 Mar-06 Apr-06 May-06 Jun-06 Asset Cash & Bank 500 500 500 500 500 500 500 Stock Material Mechanism ### ### ### ### ### ### ### Plastic ### ### ### ### ### ### ### Packing ### ### ### ### ### ### ### WIP ### ### ### ### ### ### ### FG ### ### ### ### ### ### ### Ttl Stock #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! Accounts Rec. ### ### ### ### ### ### ### Other Rec 200 200 200 200 200 200 200 ------------ ------------ ------------ ------------ ------------ ------------ ------------ ### ### ### ### ### ### ### Fixed Asset Cost 5,600 5,600 5,600 5,600 5,600 5,600 5,600 Acc. Dep 2,240 2,333 2,427 2,520 2,613 2,707 2,800 ------------ ------------ ------------ ------------ ------------ ------------ ------------ 3,360 3,267 3,173 3,080 2,987 2,893 2,800 Total Asset ### ### ### ### ### ### ### Liability Accounts Pay. ### ### ### ### ### ### ### Other Payable 500 500 500 500 500 500 500 Loan ------------ ------------ ------------ ------------ ------------ ------------ ------------ ### ### ### ### ### ### ### Net Asset ### ### ### ### ### ### ### ======= ======= ======= ======= ======= ======= ======= Equity Capital 3,000 3,000 3,000 3,000 3,000 3,000 3,000 R/E B/F 1,850 2,350 2,350 2,350 2,350 2,350 2,350 Curent R/E 500 Err:502 Err:502 Err:502 Err:502 Err:502 Err:502 ------------ ------------ ------------ ------------ ------------ ------------ ------------ 5,350 Err:502 Err:502 Err:502 Err:502 Err:502 Err:502
  20. 20. ======= ======= ======= ======= ======= ======= ======= Extra Cash/(Loan) ### Err:502 Err:502 Err:502 Err:502 Err:502 Err:502
  21. 21. Jul-06 Aug-06 Sep-06 Oct-06 Nov-06 Dec-06 500 500 500 500 500 500 Days ### ### ### ### ### ### 45 ### ### ### ### ### ### 20 ### ### ### ### ### ### 10 ### ### ### ### ### ### 7 ### ### ### ### ### ### 3 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! ### ### ### ### ### ### 30 200 200 200 200 200 200 ------------ ------------ ------------ ------------ ------------ ------------ ### ### ### ### ### ### 8,000 8,000 8,000 8,000 8,000 8,000 2,933 3,067 3,200 3,333 3,467 3,600 ------------ ------------ ------------ ------------ ------------ ------------ 5,067 4,933 4,800 4,667 4,533 4,400 ### ### ### ### ### ### ### ### ### ### ### ### 55 500 500 500 500 500 500 ------------ ------------ ------------ ------------ ------------ ------------ ### ### ### ### ### ### ### ### ### ### ### ### ======= ======= ======= ======= ======= ======= 3,000 3,000 3,000 3,000 3,000 3,000 2,350 2,350 2,350 2,350 2,350 2,350 Err:502 Err:502 Err:502 Err:502 Err:502 Err:502 ------------ ------------ ------------ ------------ ------------ ------------ Err:502 Err:502 Err:502 Err:502 Err:502 Err:502
  22. 22. ======= ======= ======= ======= ======= ======= Err:502 Err:502 Err:502 Err:502 Err:502 Err:502
  23. 23. Nov-05 Dec-05 Jan-06 Feb-06 Mar-06 Apr-06 May-06 Jun-06 Purchase ### #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
  24. 24. Jul-06 Aug-06 Sep-06 Oct-06 Nov-06 Dec-06 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
  25. 25. Dickson Manufacturing Company 2006 Budget Goto Balance Sheet Profit & Loss Jan-06 Feb-06 Mar-06 Apr-06 May-06 Jun-06 Jul-06 Aug-06 Sales 3,631 1,460 3,275 3,524 2,830 3,204 4,094 5,340 Cost of Goods Sold Mechanism 1,654 665 1,492 1,606 1,289 1,460 1,865 2,433 Plastic 408 164 368 396 318 360 460 600 Packing 265 107 239 257 207 234 299 390 ---------- ---------- ---------- ---------- ----------- ---------- ---------- ---------- 2,328 936 2,099 2,259 1,814 2,054 2,624 3,423 Stock provision 12 5 10 11 9 10 13 17 Manufacturing O/H Supply Chain 164 164 164 211 211 229 233 233 Production 542 494 494 548 494 507 680 723 Product Development 64 86 86 86 86 86 86 86 Quality 99 95 110 121 116 116 126 129 ---------- ---------- ---------- ---------- ----------- ---------- ---------- ---------- Total COS: 3,208 1,779 2,964 3,236 2,730 3,002 3,763 4,612 Gross Profit 423 (320) 311 288 100 202 331 728 Admin. Expenses GM Err:502 Err:502 Err:502 Err:502 Err:502 Err:502 Err:502 Err:502 Finance Err:502 Err:502 Err:502 Err:502 Err:502 Err:502 Err:502 Err:502 HR 47 47 47 47 47 47 47 47 ---------- ---------- ---------- ---------- ----------- ---------- ---------- ---------- Err:502 Err:502 Err:502 Err:502 Err:502 Err:502 Err:502 Err:502 Net Income Err:502 Err:502 Err:502 Err:502 Err:502 Err:502 Err:502 Err:502 ====== ====== ====== ====== ====== ====== ====== ======
  26. 26. Mechanism 1,654 665 1,492 1,606 1,289 1,460 1,865 2,433 Plastic 408 164 368 396 318 360 460 600 Packing 265 107 239 257 207 234 299 390 ---------- ---------- ---------- ---------- ----------- ---------- ---------- ---------- 2,328 936 2,099 2,259 1,814 2,054 2,624 3,423
  27. 27. Sep-06 Oct-06 Nov-06 Dec-06 Total 6,194 5,856 4,966 4,592 48,968 2,822 2,668 2,263 2,092 22,311 696 658 558 516 5,502 452 428 363 335 3,576 ---------- ---------- ---------- ---------- ----------- 3,971 3,754 3,183 2,944 31,389 20 19 16 15 157 233 233 233 233 2,544 851 859 707 691 7,588 86 86 86 86 1,012 141 142 128 127 1,448 ---------- ---------- ---------- ---------- ----------- 5,302 5,093 4,354 4,095 44,139 892 763 612 497 4,829 Err:502 Err:502 Err:502 Err:502 Err:502 Err:502 Err:502 Err:502 Err:502 Err:502 47 47 47 47 565 ---------- ---------- ---------- ---------- ----------- Err:502 Err:502 Err:502 Err:502 Err:502 Err:502 Err:502 Err:502 Err:502 Err:502 ====== ====== ====== ====== ======
  28. 28. 2,822 2,668 2,263 2,092 1,903 765 696 658 558 516 469 189 452 428 363 335 305 123 ---------- ---------- ---------- ---------- ----------- -------- 3,971 3,754 3,183 2,944 2,677 ###
  29. 29. Cashflow Jan-08 Feb-08 Mar-08 Apr-08 May-08 Jun-08 Jul-08 Aug-08 Sep-08 Oct-08 Net Income 157 (258) 45 22 166 72 57 454 618 489 Add: Depreciation 117 117 117 117 117 125 125 125 125 125 Change of WC A/R (545) 2,172 (1,816) (249) 694 (374) (890) (1,246) (854) 338 Inventory 1,274 (632) 10 474 (605) (1,160) (1,339) (622) 574 880 A/P (803) (1,233) 784 (702) 380 1,323 1,412 706 (580) (1,063) Others --------- ---------- ---------- --------- ---------- ---------- ---------- ---------- --------- ---------- (73) 307 (1,022) (478) 469 (211) (817) (1,162) (860) 155 Capex - - - - (200) - (1,200) - - - Cash (Surplus)/Loan Required (50) (165) 861 339 (552) 15 1,836 583 118 (769) --------- ---------- ---------- --------- ---------- ---------- ---------- ---------- --------- ---------- 150 - - - - - - - - - Bginning Cash Balance 150 300 300 300 300 300 300 300 300 300 Net Cashflow 150 - - - - - - - - - Ending Cash Balance 300 300 300 300 300 300 300 300 300 300 ===== ====== ====== ===== ====== ====== ====== ====== ===== ======
  30. 30. Cur: HKD'000 Nov-08 Dec-08 338 223 125 125 890 374 453 1,156 (579) (1,062) ---------- ---------- 764 468 - - (1,227) (815) ---------- ---------- - - 300 300 - - 300 300 ====== ======
  31. 31. Dickson Manufacturing Company 2006 Budget Dept: General Management Jan-06 Feb-06 Mar-06 Apr-06 May-06 Jun-06 Jul-06 Aug-06 Sep-06 People Expenses Salary 87 87 87 87 87 87 87 87 87 OT - - - - - - - - - Double Pay/Bonus 7 7 7 7 7 7 7 7 7 Social Insurance 8 8 8 8 8 8 8 8 8 IIT Err:502 Err:502 Err:502 Err:502 Err:502 Err:502 ### Err:502 Err:502 Dormitory Meal Mgt Fees Training Others Facility Depreciation --------- ---------- ---------- ---------- ----------- --------- -------- ---------- ---------- Err:502 Err:502 Err:502 Err:502 Err:502 Err:502 ### Err:502 Err:502
  32. 32. Oct-06 Nov-06 Dec-06 Total 87 87 87 1,049 - - - - 7 7 7 87 8 8 8 94 Err:502 Err:502 Err:502 Err:502 ---------- ---------- ---------- ---------- Err:502 Err:502 Err:502 Err:502
  33. 33. Dickson Manufacturing Company 2006 Budget Dept: Finance Jan-06 Feb-06 Mar-06 Apr-06 May-06 Jun-06 Jul-06 Aug-06 Sep-06 People Expenses Salary 94 94 94 94 94 100 100 100 100 OT 3 3 3 3 3 3 3 3 3 Double Pay/Bonus 8 8 8 8 8 8 8 8 8 Social Insurance 12 12 12 12 12 13 13 13 13 IIT Err:502 Err:502 Err:502 Err:502 Err:502 Err:502 ### Err:502 Err:502 Dormitory Meal Mgt Fees Training Others Facility Depreciation --------- ---------- ---------- ---------- ----------- --------- -------- ---------- ---------- Err:502 Err:502 Err:502 Err:502 Err:502 Err:502 ### Err:502 Err:502
  34. 34. Oct-06 Nov-06 Dec-06 Total 100 100 100 1,169 3 3 3 37 8 8 8 97 13 13 13 151 Err:502 Err:502 Err:502 Err:502 ---------- ---------- ---------- ---------- Err:502 Err:502 Err:502 Err:502
  35. 35. Dickson Manufacturing Company 2006 Budget Dept: Human Resources Jan-06 Feb-06 Mar-06 Apr-06 May-06 Jun-06 Jul-06 Aug-06 Sep-06 People Expenses Salary 35 35 35 35 35 35 35 35 35 OT 1 1 1 1 1 1 1 1 1 Double Pay/Bonus 3 3 3 3 3 3 3 3 3 Social Insurance 8 8 8 8 8 8 8 8 8 IIT Dormitory Meal Mgt Fees Training Others Facility Depreciation --------- ---------- ---------- ---------- ----------- --------- -------- ---------- ---------- 47 47 47 47 47 47 47 47 47
  36. 36. Oct-06 Nov-06 Dec-06 Total 35 35 35 424 1 1 1 16 3 3 3 35 8 8 8 90 - ---------- ---------- ---------- ---------- 47 47 47 565
  37. 37. Dickson Manufacturing Company 2006 Budget Dept: Supply Chain Jan-06 Feb-06 Mar-06 Apr-06 May-06 Jun-06 Jul-06 Aug-06 Sep-06 People Expenses Salary 126 126 126 162 162 173 176 176 176 OT 4 4 4 6 6 8 9 9 9 Double Pay/Bonus 11 11 11 13 13 14 15 15 15 Social Insurance 23 23 23 30 30 33 34 34 34 IIT Dormitory Meal Mgt Fees Training Others Facility Depreciation --------- ---------- ---------- ---------- ----------- --------- -------- ---------- ---------- 164 164 164 211 211 229 233 233 233
  38. 38. Oct-06 Nov-06 Dec-06 Total 176 176 176 1,935 9 9 9 85 15 15 15 161 34 34 34 363 - ---------- ---------- ---------- ---------- 233 233 233 2,544
  39. 39. Dickson Manufacturing Company 2006 Budget Dept: Production Jan-06 Feb-06 Mar-06 Apr-06 May-06 Jun-06 Jul-06 People Expenses Salary 304 304 304 304 304 314 412 OT 48 - - 54 - - - Double Pay/Bonus 25 25 25 25 25 26 34 Social Insurance 71 71 71 71 71 74 100 IIT Dormitory Meal Mgt Fees Training Others Facility Depreciation 93 93 93 93 93 93 133 ----------- ---------- ---------- ---------- ----------- --------- -------- 542 494 494 548 494 507 680 OT Calculation Production Manager Assistant Prod. Mgr Clerk 7 - - 7 - - - Line Leader 26 - - 29 - - - A. Leader 26 - - 29 - - - Material Feeder 26 - - 29 - - - Worker 26 - - 29 - - - Back up worker 26 - - 29 - - - Assistant PE Mgr - - - - - - - Electronics Engineer 7 - - 7 - - - Industrial Engineering Engineer 7 - - 7 - - - Mechanical Engineer 7 - - 7 - - - Fixture Technician 7 - - 7 - - -
  40. 40. Repair Technician 7 - - 7 - - -
  41. 41. Aug-06 Sep-06 Oct-06 Nov-06 Dec-06 Total 412 412 412 412 412 4,311 43 171 179 27 11 531 34 34 34 34 34 359 100 100 100 100 100 1,027 - 133 133 133 133 133 1,360 ---------- ---------- ---------- ---------- ---------- ---------- 723 851 859 707 691 7,588 Hourly Rate 4 16 17 3 1 19 16 64 67 10 4 10 16 64 67 10 4 8 16 64 67 10 4 6 16 64 67 10 4 6 16 64 67 10 4 6 - - - - - 4 16 17 3 1 48 4 16 17 3 1 52 4 16 17 3 1 48 4 16 17 3 1 19
  42. 42. 4 16 17 3 1 19
  43. 43. Dickson Manufacturing Company 2006 Budget Dept: Product Development Jan-06 Feb-06 Mar-06 Apr-06 May-06 Jun-06 Jul-06 Aug-06 Sep-06 People Expenses Salary 47 62 62 62 62 62 62 62 62 OT 2 4 4 4 4 4 4 4 4 Double Pay/Bonus 4 5 5 5 5 5 5 5 5 Social Insurance 10 15 15 15 15 15 15 15 15 IIT Dormitory Meal Mgt Fees Training Others Facility Depreciation --------- ---------- ---------- ---------- ----------- --------- -------- ---------- ---------- 64 86 86 86 86 86 86 86 86
  44. 44. Oct-06 Nov-06 Dec-06 Total 62 62 62 729 4 4 4 52 5 5 5 61 15 15 15 171 - ---------- ---------- ---------- ---------- 86 86 86 1,012
  45. 45. Dickson Manufacturing Company 2006 Budget Dept: Quality Jan-06 Feb-06 Mar-06 Apr-06 May-06 Jun-06 Jul-06 Aug-06 People Expenses Salary 72 72 84 88 88 88 96 96 OT 4 - - 5 - - - 4 Double Pay/Bonus 6 6 7 7 7 7 8 8 Social Insurance 16 16 19 20 20 20 22 22 IIT Dormitory Meal Mgt Fees Training Others Facility Depreciation ---------- ---------- ---------- ---------- ----------- --------- -------- ---------- 99 95 110 121 116 116 126 129 OT Calculation Quality Manager Assistant Quality Manager Quality Engineer Document/IQC Supervisor PQC/PQA Supervisor 5 - - 6 - - - 3 Clerk 5 - - 6 - - - 3 Inspector 26 - - 29 - - - 16
  46. 46. Sep-06 Oct-06 Nov-06 Dec-06 Total 96 96 96 96 1,067 16 16 2 1 49 8 8 8 8 89 22 22 22 22 243 - ---------- ---------- ---------- ---------- ---------- 141 142 128 127 1,448 13 13 2 1 43 38 13 13 2 1 43 19 64 67 10 4 216 6

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