Financial statements

May-12 Income Statement Income Donations Events Other Total Income Total Event Costs COGS Gross Profit % gross margin Non-Salary Operating Expenses Total Office Costs Total Professional Fees Total Non-Salary Operating Expenses expenses as % income Salary Expenses Total Management Salary Total Salary Expenses salary expenses as % of income Total Operating Expenses EBITDA EBITDA margin HKD HKD HKD HKD HKD HKD HKD HKD 0% 0% 0% 0% 0% Jun-12 Jul-12 Aug-12 Sep-12

Year 1
Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13

Year 1

0%

0%

0%

0%

0%

0%

0%

0%

HKD HKD HKD

0%

0%

0%

0%

0%

0%

0%

0%

0%

0%

0%

0%

0%

HKD

0% 0%

0% 0%

0% 0%

0% 0%

0% 0%

0% 0%

0% 0%

0% 0%

0% 0%

0% 0%

0% 0%

0% 0%

HKD HKD %

0%

Finance Expenses Finance charges Total Finance Expenses

HKD HKD

Depreciation Amortization Tax Business and additional tax Corporation income tax Total taxes Net Profit (HKD) Net Margin Net Profit (USD)

HKD HKD

HKD HKD HKD HKD % HKD

0% -

0% -

0% -

0% -

0% -

0% -

0% -

0% -

0% -

0% -

0% -

0% -

0% -

Financial statements Balance Sheet

Balance Sheet ASSETS Current assets Accounts receivable Cash Fixed assets PP&E TOTAL ASSETS LIABILITIES Short term liabilities Accounts payable Long term liabilities Long-term borrowings Total liabilities SHAREHOLDERS' EQUITY Share capital Retained earnings Total shareholders' equity May-12 Jun-12 Jul-12 Aug-12 Sep-12

Year 1 Year 1
Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13

Year 1 Year 1

HKD HKD

HKD

HKD

HKD

HKD HKD

TOTAL LIABILITIES AND SE error check

Cash Flows
Cash Flows Cash flow from Operations Net Income - increase in A/R + increase in A/P + increase in ST Debt CFO Cash flow from Investing + Depreciation - Capex CFI Cash flow from Financing + Equity investment - Repayment of debt CFF Opening cash balance Net change in cash Closing cash balance (free cash flow) Closing cash balance (USD) May-12 Jun-12 Jul-12 Aug-12 Sep-12

Year 1
Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13

Year 1

HKD

HKD

HKD

HKD HKD HKD HKD USD

Financial statements
May-13 Income Statement Income Donations Events Other Total Income Total Event Costs COGS Gross Profit % gross margin Non-Salary Operating Expenses Total Office Costs Total Professional Fees Total Non-Salary Operating Expenses expenses as % income Salary Expenses Total Management Salary Total Salary Expenses salary expenses as % of income Total Operating Expenses EBITDA EBITDA margin HKD HKD HKD HKD HKD HKD HKD HKD 0% 0% 0% 0% 0% Jun-13 Jul-13 Aug-13 Sep-13 Oct-13

Year 2
Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14

Yr 2

0%

0%

0%

0%

0%

0%

0%

0%

HKD HKD HKD

0%

0%

0%

0%

0%

0%

0%

0%

0%

0%

0%

0%

0%

HKD

0% 0%

0% 0%

0% 0%

0% 0%

0% 0%

0% 0%

0% 0%

0% 0%

0% 0%

0% 0%

0% 0%

0% 0%

HKD HKD %

0%

Finance Expenses Finance charges Total Finance Expenses

HKD HKD

Depreciation Amortization Tax Business and additional tax Corporation income tax Total taxes Net Profit (HKD) Net Margin Net Profit (USD)

HKD HKD

HKD HKD HKD HKD % HKD

0% -

0% -

0% -

0% -

0% -

0% -

0% -

0% -

0% -

0% -

0% -

0% -

0% -

Financial statements Balance Sheet

Balance Sheet ASSETS Current assets Accounts receivable Cash Fixed assets PP&E TOTAL ASSETS LIABILITIES Short term liabilities Accounts payable Long term liabilities Long-term borrowings Total liabilities SHAREHOLDERS' EQUITY Share capital Retained earnings Total shareholders' equity May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13

Year 2 Year 2
Nov-13 Dec-13

Yr 2 Yr 2

HKD HKD

HKD

HKD

HKD

HKD HKD

TOTAL LIABILITIES AND SE error check

Cash Flows
Cash Flows Cash flow from Operations Net Income - increase in A/R + increase in A/P + increase in ST Debt CFO Cash flow from Investing + Depreciation - Capex CFI Cash flow from Financing + Equity investment - Repayment of debt CFF Opening cash balance Net change in cash Closing cash balance (free cash flow) Closing cash balance (USD) May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13

Year 2
Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14

Yr 2

HKD

HKD

HKD

HKD HKD HKD HKD USD

Income calculations
May-12 Income Donations Events Other HKD HKD HKD Jun-12 Jul-12

Total Revenues HKD

HKD

Total Revenues USD

USD

Year 1
Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13

Year 1
Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13

Year 2
Oct-13

Year 2
Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14

Yr 2

Cost calculations
May-12 COGS Event Costs XX XX XX XX Total Event Costs Jun-12

HKD HKD HKD HKD -

COGS Operating costs Office Costs Office rental Phone/Internet fees XX XX XX Total Office Costs Professional Fees XX XX XX Total Professional Fees

HKD HKD HKD HKD HKD -

HKD HKD HKD -

Total non-salary operating costs G&A Salary Costs XX XX XX Total Management Salary

Total G&A Salary Costs

Year 1
Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13

Year 1
Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13

Ye

Year 2
Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14

Yr 2

Definitions
Constants
Year Model start date Assumptions Units # Assume: revenue in month 6 year Values 12 May-12

USD:HKD

ratio

7.8

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