1

2010
4191600
2277600
1914000
254000
1660000
140500
1519500
216000
1303500
391050
912450
1052950

Sales
COGS
Gross Profit
Other Expenses
EBITD
Depreciation
EBIT
Interest
EBT
Tax
EAT
Cash

2
3
4
2011
2012
2013
4401180 4621239 4852301
2391480 2511054 2636607
2009700 2110185 2215694
254000
254000
254000
1755700 1856185 1961694
140500
140500
140500
1615200 1715685 1821194
216000
216000
216000
1399200 1499685 1605194
419760 449905.5 481558.3
979440 1049780 1123636
1119940 1190280 1264136

6,192,629.96
ROI
EVA

2.25
804942.8 871932.8 942272.3
5,606,397.45

1016129

9.402576
Wacc
5
6
7
8
2014
2015
2016
2017
5094916 5349662 5617145 5898002
2768437 2906859 3052202 3204812
2326479 2442803 2564943 2693190
254000
254000
254000
254000
2072479 2188803 2310943 2439190
140500
140500
140500
140500
1931979 2048303 2170443 2298690
216000
216000
216000
216000
1715979 1832303 1954443 2082690
514793.7 549690.9 586332.9 624807.1
1201185 1282612 1368110 1457883
1341685 1423112 1508610 1598383

1093678

1175105

1260603

1350376

9.402576

Sales
COGS
Gross Profit
Other Expenses
EBITD
Depreciation
EBIT
Interest
EBT
Tax
EAT
Cash
14,842,625.34
ROI
EVA

1
2010
9035880
4158804
4877076
390200
4486876
404800
4082076
586020
3496056
1048816.8
2447239.2
2852039.2
1052950
1799089.2

2
2011
9035880
4158804
4877076
390200
4486876
404800
4082076
586020
3496056
1048817
2447239
2852039

3
2012
9035880
4158804
4877076
390200
4486876
404800
4082076
586020
3496056
1048817
2447239
2852039

4
2013
9035880
4158804
4877076
390200
4486876
404800
4082076
586020
3496056
1048817
2447239
2852039

2338658.9761

2338659

2338659

2338659

2.75

14,255,196.10

9.617185
Wacc
5
6
7
8
2014
2015
2016
2017
10070200 10070200 10070200 10070200
4158804 4158804 4158804 4158804
5911396 5911396 5911396 5911396
390200
390200
390200
390200
5521196 5521196 5521196 5521196
404800
404800
404800
404800
5116396 5116396 5116396 5116396
586020
586020
586020
586020
4530376 4530376 4530376 4530376
1359113 1359113 1359113 1359113
3171263 3171263 3171263 3171263
3576063 3576063 3576063 3576063

3062683

3062683

3062683

3062683

9.617185

Initial Cashflow

1799089
1881204

1732099
1767324

1661760
1647750

-2643000
-484428
Operating Cashflow
-1

1587903
1522197

2234378
1390367

2152951
1251945

2067453 1977680
1106602 953992.1