Story Line for BOC Aviation Planning A successful business model requires meticulous planning and strict adherence.

More often the actual is compared with Budget to work out variance to take corrective measures. In case of capital intensive industry, absence of meticulous planning creates havoc to its bottom line and affects the cash / funds flow position. Budget Business Flow he Budget process has to go through various stages before the same is approved. At the base level, the administrator initiates the process and the end user begins collection of data and keying in the same. hereafter it goes to the !eviewer who accepts / re"ects stating the reasons thereof. In case of re"ection, it goes back to the administrator / end user for necessary correction, after which it goes back to the reviewer. If accepted the Budget is escalated to the parent unit, wherein Budget #stimates of different units / regions are consolidated and presented to the Board for approval.

Dimensions & Members he following dimensions and members have been built into the application to take care of the business needs. a !ntity he organi$ation structure consists of "lobal #nit at the top under which has various regions at the geographical level. "lobal #nit 'egion(s $ $ Cor%orate Offi&e $ Singa%ore

Singa%ore Malaysia C)ina *a%an +ndia !uro%e Paris ,ort) Ameri&a

b Curren&y

o match the requirements of geographical presence and business needs, multiple currency system has been built into the application. "lobal #nit $ #S 'egion(s .uan *a%an +ndia !uro%e !uro Paris ,ort) Ameri&a & Air&rafts he company is engaged in leasing of aircrafts to airliners / third parties. hey also manage aircraft belonging to third parties and lease them out. o meet the requirements, the dimension has been built to take care of % i& ii& iii& Aircraft 'amily ,ature !egistration ,o sign % A ()*, A ((*, B +(+, B +++ - .wned or Managed - o identify individual aircraft by its call$ !uro $ #S $ .en $ $ $ $ Cor%orate Offi&e Singa%ore $ #S $ M.' $

Singa%ore Malaysia C)ina

d A&&ounts /ince the company is involved in leasing its principle assets, aircrafts, the members have been built taking into consideration the nature of income like % i& ii& iii& iv& 0ease Income % .perating 0ease Income % 'inance 1rofit on sale of Aircraft 0oans against Aircraft % indicating 0IB.! !ate, !ate of Interest

hese members have been brought in to the dimension apart from other regular members which apply to any business entity.

e .ear 1lanning can be done for any number of years and in this application we have considered planning for a period of five 2 3 & years beginning with the year )**4. Period he budget period has been taken as calendar month2s& starting 5anuary to 6ecember. g S&enario he application has been built with the following scenario % i& ii& B789ersion : 'irst 1ass

;owever, further versions like % !eviewed by, Authori$ed can be built into the application according to the workflow requirements of the <ompany. ) Ca%e/ <apital #=penditure needs of the company can be budget through this tool and this application has been built to utili$e this advantage. By budgeting capital e=penditure, we define when the asset is to be acquired and the funds requirements need to be specified. Based on the inputs the application will calculate future commitments like i& ii& iii& 'unds 'low !epairs Insurance

Moving over to the data forms and reports % Lease +n&ome O%erational & Finan&ial his form has been built to take care of the lease income. here are two type2s& of lease namely % .perational > 'inancial. Both have been defined in a single form and by choosing the type of lease, we can enter the details of lessee, the lease amount, the tenure of

lease etc based on which the total amount due from the respective lessee in respect of lease 2operational or financial& is calculated and stored for future reference. Ot)er )eads Profit on sale of Air&raft0 Ot)er +n&ome et& hese are to be input directly into the summary level since this is not regular activity and cannot be defined using business drivers. ;owever, depending upon business requirements, a separate form for inputs can be created for inputs and can be called at the summary form. Lease 'ent Payable Managed Air&raft his screen is used for inputs to be made for rent payable to third parties who have given their aircrafts to the company on lease. 0ike lease income, this screen gives an idea about the !egistration ,o of the Aircraft, the lessor, tenure of lease, lease rent payable. !/%enses related to Leasing he inputs are to be made directly in the summary level form. ;owever, depending on the business needs, the form can be designed separately for inputs and can be called at the summary level form. Loan against Air&raft Pur&)ase his form is designed to keep track of the various loan2s& taken for procuring new aircrafts. he details of Aircraft acquisition date, the cost of acquisition, amount of loan taken, !ate of Interest are to be input based on which the interest payable, the installment to be paid is calculated. By defining prevailing 0IB.! rate and the rate of interest gets modified to reflect the revised interest to be paid. Se&urity De%osit his screen is designed provide information on security deposit collected from the lessee towards leasing of aircraft. he screen gives the details of Aircraft 'amily, !egistration ,umber, details of lessee and the /ecurity 6eposit collected. A&&umulated De%re&iation

his screen provides the depreciated value of the aircraft. he details of the specific aircraft family with registration number provides the cost of acquisition, the accumulated depreciation, rate of depreciation and the depreciation for the relevant period. Ca%e/ "lobal Assum%tions By adding this module to the operational planning, we can prepare for future capital e=penditure commitments. In global assumptions we list out % the useful life span of the asset, the rate of depreciation, effective date of depreciation, cash / funds flow incidence, insurance, repairs and maintenance etc. By providing these informations, the application calculates the future commitments and helps the company in planning funds for the future. Managing e/isting Assets he screen gives the details of assets e=isting % Asset class-wise listing out the Asset Identification ,umber, <ost of Acquisition, 6escription of the Asset, !ate of 6epreciation, /alvage value at the end of the useful period, Asset Acquisition 6ate and the date on which the asset is put to use. his gives the company an idea about the assets available at any point of time, the age of the fleet 2asset& to decide on replacement strategy. De%re&iation Summary Based on various inputs like ?lobal Assumptions, Assets, !ate of 6epreciation applicable, the application calculates the depreciation on pre-defined periods and sums up to this screen. Profit & Loss A&&ount his is the summary screen for Income and #=penditure pertaining to the <ompany. Based on the inputs made earlier, the application calls the stored value in various forms to reflect the profitability of the company. Balan&e S)eet his is the summary screen for Assets > 0iabilities of the <ompany. his gives the state of affairs of the company as at a particular date / period.

'e%orts & Ot)er S&reens0 if any (in&luding Ba&1 Cal&ulation o be completed based on the reports generated by 6eepa at /ingapore