Acutal Actual Latest Estimate Plan % Variance

2004 05 % 2005 06 % 2006 07 % 2007 08 % Plan vs LE 2008/09 2009/10 2010/11 2011/12

EBIT 156,745,618 154,176,684 295,171,267 382,518,854 510,631,962 731,156,209 846,390,621 925,364,390

US $ conv rate 102.83 101.42 106.92 112.50 115.25 117.50 118.25 118.00
Rooms Avl 90,885 121,550 182,865 183,366 0.3 183,109 182,865 182,865 183,366
Rooms Occ 75,751 86,253 118,805 123,794 4.2 132,175 137,901 137,901 137,901
Occ % 83 71 65 68 72 75 75 75
ADR - US $ 5,627 6,129 6,472 7,537 8,550 10,433 11,585 12,386
- SL 55 60 61 67 74 89 98 105
FB covers 448,612 538,402 648,027 655,275 1.1 658,551 661,843 665,150 668,475
FB avg check 891 1,006 1,144 1,298 1,422 1,561 1,712 1,882
Food Cost % 41 41 38 38 38 37 37 37
Bev Cost % 30 32 30 30 30 30 30 30
Rooms Margin % 84 85 86 86 87 89 89 89
FB dept margin % 37 29 36 36 36 36 37 37
No of staff 811 939 1,137 1,192 1,201 1,210 1,217 1,224
Salaries & Wages 106,387,316 133,620,973 166,099,547 199,927,200 20.4 226,087,000 252,420,700 276,999,300 290,517,300
Payroll related 84,048,847 124,834,390 139,872,399 159,312,000 13.9 177,067,100 198,661,800 223,948,500 248,082,800
Total Payroll related 190,436,163 258,455,363 305,971,945 359,239,200 17.4 403,154,100 451,082,500 500,947,800 538,600,100
PR per employee 234,816 275,245 269,105 301,375 12.0 335,682 372,795 411,625 440,033
HLP cost per avail room 1,186 1,054 953 1,119 17.5 1,213 1,306 1,398 1,425
R&M cost per avl room 548 524 409 413 1.1 447 489 566 631

Revenue
Rooms 426,228,393 48.2 528,669,521 46.6 768,851,791 47.9 933,032,800 49.0 21.4 1,130,154,000 1,438,785,100 1,597,638,900 1,708,066,800
Food 318,617,599 36.0 438,736,616 38.7 609,772,409 38.0 695,833,400 36.6 14.1 766,026,300 845,531,200 932,304,600 1,030,618,800
Beverage 81,116,718 9.2 102,883,585 9.1 131,588,141 8.2 154,872,872 8.1 17.7 170,360,100 187,736,800 206,510,700 227,781,300
FB other 5,664,952 0.6 6,033,971 0.5 10,025,972 0.6 12,023,800 0.6 19.9 12,133,500 12,197,100 12,252,300 12,316,100
Telehpone 18,276,148 2.1 11,129,076 1.0 14,158,105 0.9 13,901,900 0.7 -1.8 12,791,900 13,348,900 12,893,900 12,893,900
Laundry 10,612,439 1.2 12,762,795 1.1 16,806,683 1.0 20,294,400 1.1 20.8 22,818,500 25,178,600 26,323,200 27,467,600
Business Centre 7,837,551 0.9 19,911,542 1.8 27,778,001 1.7 34,648,100 1.8 24.7 48,258,200 57,633,300 64,463,400 66,161,300
Sports Centre - 0.0 - 0.0 11,193,275 0.7 25,945,700 1.4 131.8 28,507,700 31,069,900 33,659,800 36,251,800
Shop Rental 10,659,398 1.2 8,215,349 0.7 8,718,704 0.5 8,004,000 0.4 -8.2 8,004,000 8,804,400 8,804,400 9,684,800
Other 5,410,976 0.6 5,716,985 0.5 5,733,670 0.4 4,446,800 0.2 -22.4 4,728,100 4,795,700 4,867,900 4,944,400
Total Revenue 884,424,175 100.0 1,134,059,439 100.0 1,604,626,751 100.0 1,903,003,772 100.0 18.6 2,203,782,300 2,625,081,000 2,899,719,100 3,136,186,800

Expenses
Rooms 55,547,388 13.0 79,632,825 15.1 110,144,492 14.3 128,189,960 13.7 16.4 145,742,800 159,981,800 172,864,500 181,756,000
Food Cost 130,790,803 41.0 171,339,466 39.1 234,332,041 38.4 266,912,000 38.4 13.9 287,260,000 317,074,000 349,614,000 386,482,000
Bev Cost 25,969,919 32.0 33,038,725 32.1 39,869,345 30.3 46,463,000 30.0 16.5 51,108,000 56,321,000 61,953,000 68,334,000
FB 132,020,304 32.6 188,067,675 34.3 213,112,620 28.4 244,030,820 28.3 14.5 269,493,900 296,928,300 322,096,900 345,897,100
Other 19,696,491 0.4 35,341,985 0.6 50,816,951 0.6 64,067,140 0.6 26.1 78,181,700 90,199,500 99,411,100 103,810,100
Total Expenses 364,024,906 41.2 507,420,676 44.7 648,275,449 40.4 749,662,920 39.4 15.6 831,786,400 920,504,600 1,005,939,500 1,086,279,200

GOI 520,399,269 58.8 626,638,763 55.3 956,351,302 59.6 1,153,340,852 60.6 20.6 1,371,995,900 1,704,576,400 1,893,779,600 2,049,907,600

A&G 81,159,713 9.2 103,227,836 9.1 128,043,465 8.0 156,521,720 8.2 22.2 170,361,500 196,352,800 224,423,700 239,333,900
A&P 35,129,505 4.0 40,889,521 3.6 47,429,674 3.0 57,246,780 3.0 20.7 62,887,400 69,684,400 76,329,200 83,522,900
HLP 107,765,793 12.2 128,060,532 11.3 174,274,110 10.9 205,270,900 10.8 17.8 222,078,100 238,879,000 255,651,900 261,338,700
R&M 49,791,260 5.6 63,705,672 5.6 74,772,656 4.7 75,817,000 4.0 1.4 81,924,300 89,402,100 103,457,600 115,707,400
Total Expenses 273,846,271 31.0 335,883,561 29.6 424,519,905 26.5 494,856,400 26.0 16.6 537,251,300 594,318,300 659,862,400 699,902,900

GOP 246,552,998 27.9 290,755,201 25.6 531,831,397 33.1 658,484,452 34.6 23.8 834,744,600 1,110,258,100 1,233,917,200 1,350,004,700

Sundry Income 5,600,576 6,803,220 5,705,429 5,758,800 0.9 5,852,700 5,905,500 5,963,300 6,021,200
Interest Income 8,673,340 6,615,236 7,132,458 664,200 -90.7 666,500 664,600 664,600 664,600

GOP incl Int Inc 260,826,914 29.5 304,173,657 26.8 544,669,285 33.9 664,907,452 34.9 841,263,800 1,116,828,200 1,240,545,100 1,356,690,500

Interest 12,980,391 56,834,036 169,851,316 206,211,000 21.4 141,315,900 78,847,300 27,455,900 2,947,800
Depreciation 77,373,480 82,788,715 128,789,439 149,341,098 16.0 174,268,738 198,011,991 188,097,879 209,851,010
Insurance 9,926,376 10,001,517 15,079,392 16,539,000 9.7 18,192,800 20,012,100 22,013,400 23,114,200
Rates 8,108,100 8,108,100 8,614,869 10,135,200 17.6 11,148,700 12,263,600 13,490,000 14,839,000
Branding Expenses - 42,483,405 - 1,848,000 2,032,800 2,236,100 2,459,700 2,705,700
Marketing Fee - - 7,688,525 9,330,300 21.4 11,301,500 14,387,900 15,976,400 17,080,700
Management Fee - - 82,193,335 94,530,800 15.0 113,020,800 138,095,700 151,452,500 163,070,900
Total 108,388,347 12.3 200,215,773 17.7 412,216,875 25.7 487,935,398 25.6 18.4 471,281,238 463,854,691 420,945,779 433,609,310

NPBT 152,438,567 17.2 103,957,884 9.2 132,452,410 8.3 176,972,054 9.3 33.6 369,982,562 652,973,509 819,599,321 923,081,190

Taxation 2,602,002 4,448,753 6,760,458 6,313,600 7,274,600 8,617,600 9,493,500 10,247,400

PAT 149,836,565 16.9 99,509,131 8.8 125,691,952 7.8 170,658,454 9.0 35.8 362,707,962 644,355,909 810,105,821 912,833,790
 OPERATIONAL BUDGET-2007/2008-PLAN
COMPARATIVE PROFIT/(LOSS)
2004/05 2005/06 2006/07-PLAN 2006/07-RF1 2006/07-LE % 2007/08-PLAN % STATEMENT APRIL'07 MAY'07 JUNE'07 JULY'07 AUGUST'07 SEPTEMBER'07 OCTOBER'07 NOVEMBER'07 DECEMBER'07 JANUARY'08 FEBRUARY'08 MARCH'08 PLAN-2007/08 % 2008/09 % 2009/10 % 2010/11 % 2011/12 %
898,211,170 1,183,381,895 1,905,371,250 1,644,673,590 1,722,768,721 107.36% 2,014,913,072 105.88% TOTAL REVENUE(MANAGEMENT) 114,974,210 142,949,820 143,884,040 149,893,600 162,449,120 153,392,200 161,616,700 162,723,020 189,899,300 181,526,762 160,852,000 290,752,300 2,014,913,072 105.88% 2,210,301,500 100.30% 2,631,651,100 100.25% 2,906,347,000 100.23% 3,142,872,600 100.21%
884,424,175 1,134,059,439 1,794,511,850 1,528,534,364 1,604,626,751 100.00% 1,903,003,772 100.00% TOTAL REVENUE(FINANCIAL) 114,439,210 142,407,920 143,349,040 149,351,700 161,907,220 152,857,200 161,106,300 162,188,020 189,357,400 180,984,862 160,330,800 184,724,100 1,903,003,772 100.00% 2,203,782,300 100.00% 2,625,081,000 100.00% 2,899,719,100 100.00% 3,136,186,800 100.00%
ROOMS DEPARTMENT
426,228,393 528,669,521 926,450,400 702,363,158 768,851,791 100.00% 933,032,800 100.00% ROOM REVENUE 55,083,600 66,415,500 65,323,600 71,514,600 76,250,900 74,379,400 82,408,100 86,003,300 79,771,500 93,026,200 86,379,000 96,477,100 933,032,800 100.00% 1,130,154,000 100.00% 1,438,785,100 100.00% 1,597,638,900 100.00% 1,708,066,800 100.00%
25,542,843 38,693,346 55,022,400 49,593,885 46,823,299 6.09% 57,729,360 6.19% PAYROLL & RELATED EXPENSES 4,810,780 4,810,780 4,810,780 4,810,780 4,810,780 4,810,780 4,810,780 4,810,780 4,810,780 4,810,780 4,810,780 4,810,780 57,729,360 6.19% 64,789,800 5.73% 72,489,900 5.04% 80,522,900 5.04% 86,681,700 5.07%
30,004,545 40,939,479 64,598,200 61,744,716 63,321,193 8.24% 70,460,600 7.55% OTHER EXPENSES 4,543,000 5,177,000 4,949,900 5,214,600 5,434,300 5,358,600 5,747,100 6,405,000 7,686,500 6,741,300 6,359,600 6,843,700 70,460,600 7.55% 80,953,000 7.16% 87,491,900 6.08% 92,341,600 5.78% 95,074,300 5.57%
55,547,388 79,632,825 119,620,600 111,338,601 110,144,492 14.33% 128,189,960 13.74% TOTAL EXPENSES 9,353,780 9,987,780 9,760,680 10,025,380 10,245,080 10,169,380 10,557,880 11,215,780 12,497,280 11,552,080 11,170,380 11,654,480 128,189,960 13.74% 145,742,800 12.90% 159,981,800 11.12% 172,864,500 10.82% 181,756,000 10.64%
370,681,005 449,036,695 806,829,800 591,024,557 658,707,298 85.67% 804,842,840 86.26% DEPARTMENTAL PROFIT/(LOSS) 45,729,820 56,427,720 55,562,920 61,489,220 66,005,820 64,210,020 71,850,220 74,787,520 67,274,220 81,474,120 75,208,620 84,822,620 804,842,840 86.26% 984,411,200 87.10% 1,278,803,300 88.88% 1,424,774,400 89.18% 1,526,310,800 89.36%
FOOD & BEVERAGE DEPARTMENT
318,617,599 438,736,616 640,114,500 603,559,672 609,772,409 82.25% 695,833,400 81.79% FOOD REVENUE 40,081,600 54,690,800 56,514,500 55,294,100 61,813,800 56,332,700 55,312,700 53,079,400 83,164,400 63,730,100 51,999,400 63,819,900 695,833,400 81.79% 766,026,300 81.81% 845,531,200 81.83% 932,304,600 81.87% 1,030,618,800 81.90%
81,116,718 102,883,585 126,423,850 135,885,935 131,588,141 17.75% 154,872,872 18.21% BEVERAGE REVENUE 10,872,010 11,744,420 12,188,740 12,747,600 13,535,420 12,485,100 12,922,100 12,977,320 16,304,800 13,622,762 12,010,600 13,462,000 154,872,872 18.21% 170,360,100 18.19% 187,736,800 18.17% 206,510,700 18.13% 227,781,300 18.10%
399,734,317 541,620,200 766,538,350 739,445,607 741,360,550 100.00% 850,706,272 100.00% TOTAL REVENUE 50,953,610 66,435,220 68,703,240 68,041,700 75,349,220 68,817,800 68,234,800 66,056,720 99,469,200 77,352,862 64,010,000 77,281,900 850,706,272 100.00% 936,386,400 100.00% 1,033,268,000 100.00% 1,138,815,300 100.00% 1,258,400,100 100.00%
130,790,803 171,339,466 243,244,000 224,906,941 234,332,041 38.43% 266,912,000 38.36% FOOD COST 15,231,000 20,783,000 21,476,000 21,012,000 23,489,000 21,406,000 21,019,000 20,170,000 34,097,000 24,217,000 19,760,000 24,252,000 266,912,000 38.36% 287,260,000 37.50% 317,074,000 37.50% 349,614,000 37.50% 386,482,000 37.50%
25,969,919 33,038,725 37,926,000 41,314,824 39,869,345 30.30% 46,463,000 30.00% BEVERAGE COST 3,262,000 3,523,000 3,657,000 3,824,000 4,061,000 3,746,000 3,877,000 3,893,000 4,891,000 4,087,000 3,603,000 4,039,000 46,463,000 30.00% 51,108,000 30.00% 56,321,000 30.00% 61,953,000 30.00% 68,334,000 30.00%
156,760,722 204,378,191 281,170,000 266,221,765 274,201,386 36.99% 313,375,000 36.84% TOTAL COST 18,493,000 24,306,000 25,133,000 24,836,000 27,550,000 25,152,000 24,896,000 24,063,000 38,988,000 28,304,000 23,363,000 28,291,000 313,375,000 36.84% 338,368,000 36.14% 373,395,000 36.14% 411,567,000 36.14% 454,816,000 36.14%
242,973,595 337,242,010 485,368,350 473,223,842 467,159,164 63.01% 537,331,272 63.16% GROSS PROFIT/(LOSS) 32,460,610 42,129,220 43,570,240 43,205,700 47,799,220 43,665,800 43,338,800 41,993,720 60,481,200 49,048,862 40,647,000 48,990,900 537,331,272 63.16% 598,018,400 63.86% 659,873,000 63.86% 727,248,300 63.86% 803,584,100 63.86%
5,664,952 6,033,971 8,251,800 10,818,555 10,025,972 1.35% 12,023,800 1.41% F&B OTHER INCOME 642,100 917,300 959,400 952,800 1,101,300 1,005,000 958,000 917,600 1,461,400 1,083,100 892,100 1,133,700 12,023,800 1.41% 12,133,500 1.30% 12,197,100 1.18% 12,252,300 1.08% 12,316,100 0.98%
248,638,547 343,275,981 493,620,150 484,042,397 477,185,136 64.37% 549,355,072 64.58% TOTAL P/L & OTHER INCOME 33,102,710 43,046,520 44,529,640 44,158,500 48,900,520 44,670,800 44,296,800 42,911,320 61,942,600 50,131,962 41,539,100 50,124,600 549,355,072 64.58% 610,151,900 65.16% 672,070,100 65.04% 739,500,600 64.94% 815,900,200 64.84%
82,477,618 114,511,855 146,276,400 134,451,277 136,068,724 18.35% 160,177,920 18.83% PAYROLL & RELATED EXPENSES 13,348,160 13,348,160 13,348,160 13,348,160 13,348,160 13,348,160 13,348,160 13,348,160 13,348,160 13,348,160 13,348,160 13,348,160 160,177,920 18.83% 179,838,100 19.21% 201,198,200 19.47% 223,377,200 19.61% 240,250,500 19.09%
49,542,686 73,555,820 82,537,300 76,096,801 77,043,896 10.39% 83,852,900 9.86% OTHER EXPENSES 5,861,900 6,492,300 6,503,700 6,567,300 6,851,800 6,633,000 6,657,700 6,581,900 11,267,800 6,958,500 6,401,500 7,075,500 83,852,900 9.86% 89,655,800 9.57% 95,730,100 9.26% 98,719,700 8.67% 105,646,600 8.40%
132,020,304 188,067,675 228,813,700 210,548,078 213,112,620 28.75% 244,030,820 28.69% TOTAL EXPENSES 19,210,060 19,840,460 19,851,860 19,915,460 20,199,960 19,981,160 20,005,860 19,930,060 24,615,960 20,306,660 19,749,660 20,423,660 244,030,820 28.69% 269,493,900 28.78% 296,928,300 28.74% 322,096,900 28.28% 345,897,100 27.49%
116,618,243 155,208,305 264,806,450 273,494,319 264,072,516 35.62% 305,324,252 35.89% DEPARTMENTAL PROFIT/(LOSS) 13,892,650 23,206,060 24,677,780 24,243,040 28,700,560 24,689,640 24,290,940 22,981,260 37,326,640 29,825,302 21,789,440 29,700,940 305,324,252 35.89% 340,658,000 36.38% 375,141,800 36.31% 417,403,700 36.65% 470,003,100 37.35%
12,459,437 9,698,687 21,437,900 8,951,791 16,607,668 1.03% 26,268,160 1.38% MINOR OPERATED DEPTS.P/(L) 1,870,480 2,142,080 2,050,180 2,243,680 2,358,880 2,014,580 2,460,180 2,403,680 2,045,980 2,246,280 2,091,780 2,340,380 26,268,160 1.38% 31,140,500 1.41% 33,870,500 1.29% 35,475,700 1.22% 36,809,000 1.17%
9,981,186 4,479,726 5,991,600 7,085,782 8,245,116 0.51% 8,901,600 0.47% TELEPHONES P/(L) 561,500 702,700 659,600 725,300 785,200 740,200 826,500 776,900 653,600 829,400 764,600 876,100 8,901,600 0.47% 7,782,200 0.35% 7,956,400 0.30% 7,321,400 0.25% 7,099,900 0.23%
10,659,398 8,215,349 9,142,800 8,678,444 8,718,704 0.54% 8,004,000 0.42% SHOP/OFFICE RENTAL INCOME 667,000 667,000 667,000 667,000 667,000 667,000 667,000 667,000 667,000 667,000 667,000 667,000 8,004,000 0.42% 8,004,000 0.36% 8,804,400 0.34% 8,804,400 0.30% 9,684,800 0.31%
520,399,269 626,638,763 1,108,208,550 889,234,892 956,351,302 59.60% 1,153,340,852 60.61% GROSS OPERATING INCOME 62,721,450 83,145,560 83,617,480 89,368,240 98,517,460 92,321,440 100,094,840 101,616,360 107,967,440 115,042,102 100,521,440 118,407,040 1,153,340,852 60.61% 1,371,995,900 62.26% 1,704,576,400 64.93% 1,893,779,600 65.31% 2,049,907,600 65.36%
43,258,546 53,199,458 58,987,200 59,377,673 61,690,205 3.84% 67,474,320 3.55% A&G PAYROLL & RELATED EXP. 5,622,860 5,622,860 5,622,860 5,622,860 5,622,860 5,622,860 5,622,860 5,622,860 5,622,860 5,622,860 5,622,860 5,622,860 67,474,320 3.55% 75,278,500 3.42% 84,127,000 3.20% 93,165,900 3.21% 99,754,000 3.18%
34,129,592 47,230,764 51,930,700 52,158,926 55,617,195 3.47% 63,058,400 3.31% OTHER EXPENSES 4,539,100 4,917,200 4,910,400 5,006,400 5,167,900 5,004,500 5,129,000 5,124,300 6,026,900 5,385,000 5,062,400 6,785,300 63,058,400 3.31% 66,935,100 3.04% 81,995,600 3.12% 97,366,100 3.36% 105,175,600 3.35%
3,771,575 2,797,613 1,795,200 3,190,146 3,949,828 0.25% 3,261,600 0.17% AHPL-OFFICE EXPENSES 271,800 271,800 271,800 271,800 271,800 271,800 271,800 271,800 271,800 271,800 271,800 271,800 3,261,600 0.17% 3,587,800 0.16% 3,946,700 0.15% 4,341,300 0.15% 4,558,400 0.15%
- - 14,844,300 6,825,714 6,786,237 0.42% 22,727,400 1.19% JKH-CENTRE COST 1,412,700 1,412,700 1,990,200 1,990,200 1,990,200 1,990,200 1,990,200 1,990,200 1,990,200 1,990,200 1,990,200 1,990,200 22,727,400 1.19% 24,560,100 1.11% 26,283,500 1.00% 29,550,400 1.02% 29,845,900 0.95%
81,159,713 103,227,836 127,557,400 121,552,459 128,043,465 7.98% 156,521,720 8.22% ADMINISTARTION & GENERAL EXP. 11,846,460 12,224,560 12,795,260 12,891,260 13,052,760 12,889,360 13,013,860 13,009,160 13,911,760 13,269,860 12,947,260 14,670,160 156,521,720 8.22% 170,361,500 7.73% 196,352,800 7.48% 224,423,700 7.74% 239,333,900 7.63%
35,129,505 40,889,521 44,138,900 43,844,571 47,429,674 2.96% 57,246,780 3.01% ADVT.& SALES PROMOTION EXP 4,484,600 4,523,880 4,484,480 4,523,880 4,523,780 4,484,480 4,523,780 4,484,380 7,760,480 4,523,780 4,405,480 4,523,780 57,246,780 3.01% 62,887,400 2.85% 69,684,400 2.65% 76,329,200 2.63% 83,522,900 2.66%
107,765,793 128,060,532 157,489,700 175,417,079 174,274,110 10.86% 205,270,900 10.79% HEAT LIGHT & POWER 17,911,400 17,397,400 17,117,000 17,184,000 16,562,800 16,739,600 16,863,400 17,669,200 18,558,300 16,814,800 15,598,600 16,854,400 205,270,900 10.79% 222,078,100 10.08% 238,879,000 9.10% 255,651,900 8.82% 261,338,700 8.33%
49,791,260 63,705,672 62,554,600 72,402,479 74,772,656 4.66% 75,817,000 3.98% REPAIRS & MAINTENENCE 6,319,800 6,322,300 6,317,900 6,321,900 6,321,400 6,317,300 6,321,300 6,316,700 6,320,100 6,320,500 6,297,600 6,320,200 75,817,000 3.98% 81,924,300 3.72% 89,402,100 3.41% 103,457,600 3.57% 115,707,400 3.69%
273,846,271 335,883,561 391,740,600 413,216,588 424,519,905 26.46% 494,856,400 26.00% TOTAL DEDUCTIONS 40,562,260 40,468,140 40,714,640 40,921,040 40,460,740 40,430,740 40,722,340 41,479,440 46,550,640 40,928,940 39,248,940 42,368,540 494,856,400 26.00% 537,251,300 24.38% 594,318,300 22.64% 659,862,400 22.76% 699,902,900 22.32%
246,552,998 290,755,201 716,467,950 476,018,305 531,831,397 33.14% 658,484,452 34.60% GROSS OPERATING PROFIT 22,159,190 42,677,420 42,902,840 48,447,200 58,056,720 51,890,700 59,372,500 60,136,920 61,416,800 74,113,162 61,272,500 76,038,500 658,484,452 34.60% 834,744,600 37.88% 1,110,258,100 42.29% 1,233,917,200 42.55% 1,350,004,700 43.05%
NON OPERATING EXPENSES
9,926,376 10,001,517 12,906,600 14,998,462 15,079,392 0.94% 16,539,000 0.87% INSURANCE 1,382,500 1,382,500 1,382,500 1,382,500 1,382,500 1,382,500 1,331,500 1,382,500 1,382,500 1,382,500 1,382,500 1,382,500 16,539,000 0.87% 18,192,800 0.83% 20,012,100 0.76% 22,013,400 0.76% 23,114,200 0.74%
- - - - - 0.00% - 0.00% FF&E REPLACEMENT RESERVE - - - - - - - - - - - - - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%
77,373,480 82,788,715 165,594,000 163,862,526 128,789,439 8.03% 149,341,098 7.85% DEPRECIATION 11,981,522 11,981,522 12,166,109 12,287,429 12,366,811 12,444,285 12,532,876 12,621,466 12,692,902 12,735,731 12,765,224 12,765,224 149,341,098 7.85% 174,268,738 7.91% 198,011,991 7.54% 188,097,879 6.49% 209,851,010 6.69%
8,108,100 8,108,100 8,108,400 8,108,250 8,614,869 0.54% 10,135,200 0.53% RATES 844,600 844,600 844,600 844,600 844,600 844,600 844,600 844,600 844,600 844,600 844,600 844,600 10,135,200 0.53% 11,148,700 0.51% 12,263,600 0.47% 13,490,000 0.47% 14,839,000 0.47%
- 1,502,508 1,836,000 - - 0.00% - 0.00% CORPORATE OFFICE EXPENSES - - - - - - - - - - - - - 0.00% - 0.00% - 0.00% - 0.00% - 0.00%
5,600,576 42,943,306 110,471,800 110,678,934 111,191,729 6.93% 111,245,100 5.85% SUNDRY INCOME 480,400 485,500 480,400 485,500 485,500 480,400 454,000 480,400 485,500 485,500 470,200 105,971,800 111,245,100 5.85% 111,339,000 5.05% 123,112,500 4.69% 142,704,800 4.92% 142,762,700 4.55%
156,745,618 231,297,666 638,494,750 399,728,000 490,539,428 30.57% 593,714,254 31.20% EARNINGS BEFORE INTEREST & TAX & GOH 8,430,968 28,954,298 28,990,031 34,418,171 43,948,309 37,699,715 45,117,524 45,768,754 46,982,298 59,635,831 46,750,376 167,017,976 593,714,254 31.20% 742,473,362 33.69% 1,003,082,909 38.21% 1,153,020,721 39.76% 1,244,963,190 39.70%
8,673,340 6,615,236 387,600 5,687,207 7,132,458 0.44% 664,200 0.03% INTEREST INCOME 54,600 56,400 54,600 56,400 56,400 54,600 56,400 54,600 56,400 56,400 51,000 56,400 664,200 0.03% 666,500 0.03% 664,600 0.03% 664,600 0.02% 664,600 0.02%
12,980,391 56,834,036 192,053,600 162,250,903 169,851,316 10.59% 206,211,000 10.84% INTEREST EXPENSE 19,286,300 18,572,500 18,572,500 18,572,500 17,858,800 17,620,700 17,382,600 16,430,700 16,192,600 15,954,500 15,002,700 14,764,600 206,211,000 10.84% 141,315,900 6.41% 78,847,300 3.00% 27,455,900 0.95% 2,947,800 0.09%
152,438,567 181,078,867 446,828,750 243,164,304 327,820,570 20.43% 388,167,454 20.40% NET PROFIT/(LOSS)-BEFORE GOH (10,800,732) 10,438,198 10,472,131 15,902,071 26,145,909 20,133,615 27,791,324 29,392,654 30,846,098 43,737,731 31,798,676 152,309,776 388,167,454 20.40% 601,823,962 27.31% 924,900,209 35.23% 1,126,229,421 38.84% 1,242,679,990 39.62%
- 42,483,405 - - - - 1,848,000 - GROUP OVERHEADS 154,000 154,000 154,000 154,000 154,000 154,000 154,000 154,000 154,000 154,000 154,000 154,000 1,848,000 - 2,032,800 - 2,236,100 - 2,459,700 - 2,705,700 -
- - 95,235,800 84,107,777 89,881,860 5.60% 103,861,100 5.46% GROUP OVERHEADS(MANAGEMENT FEES) 5,757,800 7,766,200 7,800,100 8,314,600 9,228,400 8,615,300 9,312,700 9,419,600 10,452,100 10,771,100 9,397,000 7,026,200 103,861,100 5.46% 124,322,300 5.64% 152,483,600 5.81% 167,428,900 5.77% 180,151,600 5.74%
152,438,567 138,595,462 351,592,950 159,056,527 237,938,710 14.83% 282,458,354 14.84% NET PROFIT/(LOSS) AFTER GOH (16,712,532) 2,517,998 2,518,031 7,433,471 16,763,509 11,364,315 18,324,624 19,819,054 20,239,998 32,812,631 22,247,676 145,129,576 282,458,354 14.84% 475,468,862 21.58% 770,180,509 29.34% 956,340,821 32.98% 1,059,822,690 33.79%
2,602,002 4,448,753 9,476,100 5,768,388 6,760,458 0.42% 6,313,600 0.33% INCOME TAX 385,000 474,900 477,300 497,000 537,100 507,600 534,500 537,400 624,700 598,000 530,200 609,900 6,313,600 0.33% 7,274,600 0.33% 8,617,600 0.33% 9,493,500 0.33% 10,247,400 0.33%
149,836,565 134,146,709 342,116,850 153,288,139 231,178,252 14.41% 276,144,754 14.51% NET OPERATING P/L-AFTER TAX (17,097,532) 2,043,098 2,040,731 6,936,471 16,226,409 10,856,715 17,790,124 19,281,654 19,615,298 32,214,631 21,717,476 144,519,676 276,144,754 14.51% 468,194,262 21.25% 761,562,909 29.01% 946,847,321 32.65% 1,049,575,290 33.47%
- 111,885,325 205,486,300 205,486,300 205,486,300 12.81% 205,486,300 10.80% DIVIDENDS PAID - - - - - - - - - - - 205,486,300 205,486,300 10.80% 205,486,300 9.32% 267,207,000 10.18% 336,741,500 11.61% 386,741,500 12.33%
149,836,565 22,261,384 136,630,550 (52,198,161) 25,691,952 1.60% 70,658,454 3.71% NET PROFIT (17,097,532) 2,043,098 2,040,731 6,936,471 16,226,409 10,856,715 17,790,124 19,281,654 19,615,298 32,214,631 21,717,476 (60,966,624) 70,658,454 3.71% 262,707,962 11.92% 494,355,909 18.83% 610,105,821 21.04% 662,833,790 21.14%
(149,836,564.64) (22,261,383.65) (136,630,550.00) 52,198,161.12 (25,691,651.64) 17,097,532 (2,043,098) (2,040,731) (6,936,471) (16,226,409) (10,856,715) (17,790,124) (19,281,654) (19,615,298) (32,214,631) (21,717,476) 60,966,624 (70,658,454) (262,707,962) (494,355,909) (610,105,821) (662,833,790)
(0.00) (0.00) - 0.00 300.00 (0) (0) (0) (0) (0) 0 - - (0) 0 (0) (0) - - 0 - 0
105,486,300 105,486,300
2004/05 2005/06 2006/07-PLAN 2006/07-RF1 2006/07-LE % 2007/08-PLAN APRIL'07 MAY'07 JUNE'07 JULY'07 AUGUST'07 SEPTEMBER'07 OCTOBER'07 NOVEMBER'07 DECEMBER'07 JANUARY'08 FEBRUARY'08 MARCH'08 PLAN-2007/08 2008/09 2009/10 2010/11 2011/12
ROOM STATISTICS
249 333 501 6,012 6,012 6,012 NUMBER OF ROOMS IN HOTEL 501 501 501 501 501 501 501 501 501 501 501 501 6,012 501 501 501 501
90,885 121,550 182,865 182,865 182,865 183,366 NUMBER OF ROOMS AVAILABLE 15,030 15,531 15,030 15,531 15,531 15,030 15,531 15,030 15,531 15,531 14,529 15,531 183,366 183,109 182,865 182,865 183,366
75,751 86,253 123,421 112,044 118,805 123,794 NUMBER OF ROOMS OCCUPIED 7,556 9,439 9,088 9,851 10,391 10,040 11,006 11,160 10,741 11,728 10,756 12,038 123,794 132,175 137,901 137,901 137,901
83.35 70.96 67.49 61.27 64.97 67.51 PERCENTAGE OF OCCUPANCY 50.27 60.78 60.47 63.43 66.90 66.80 70.86 74.25 69.16 75.51 74.03 77.51 67.51 72.18 75.41 75.41 75.21
37.01 31.15 22.52 32.83 34.93 25.39 PERCENTAGE OF DOUBLE OCCUPANCY 19.03 24.04 23.47 24.89 25.52 25.90 25.99 26.59 29.22 26.23 24.99 26.26 25.39 25.61 24.96 24.96 24.96
5,626.70 6,129.29 7,506.42 6,268.64 6,471.54 7,536.98 AVERAGE ROOM RATE-(NET) 7,290.05 7,036.29 7,187.90 7,259.63 7,338.17 7,408.31 7,487.56 7,706.39 7,426.82 7,931.97 8,030.77 8,014.38 7,536.98 8,550.44 10,433.46 11,585.40 12,386.18
54.72 60.43 70.82 60.09 60.53 67.00 AVERAGE ROOM RATE(NET)-US$ 66.21 63.91 65.29 64.39 65.08 65.71 66.41 67.87 65.41 69.85 70.72 69.99 67.00 74.19 88.80 97.97 104.97
4,689.76 4,349.40 5,066.31 3,840.88 4,204.48 5,088.36 REVPAR 3,664.91 4,276.32 4,346.21 4,604.64 4,909.59 4,948.73 5,306.04 5,722.11 5,136.28 5,989.71 5,945.28 6,211.91 5,088.36 6,172.03 7,868.02 8,736.71 9,315.07
103,785 113,120 151,220 148,823 160,305 155,231 NUMBER OF GUESTS PER PERIOD 8,994 11,708 11,221 12,303 13,043 12,640 13,867 14,128 13,880 14,804 13,444 15,199 155,231 166,024 172,323 172,323 172,323
4,106.84 4,673.53 6,126.51 4,719.45 4,796.18 6,010.61 AVERAGE RATE PER GUEST 6,124.48 5,672.66 5,821.55 5,812.78 5,846.12 5,884.45 5,942.75 6,087.44 5,747.23 6,283.86 6,425.10 6,347.60 6,010.61 6,807.17 8,349.35 9,271.19 9,912.01
- YIELD PREMIUM-TCP
- MARKET SHARE-TCP
- F&B STATISTICS
448,612 538,402 700,325 665,205 648,027 655,275 TOTAL FOOD COVERS 40,610 50,601 50,736 51,963 56,249 53,011 53,824 53,282 74,406 58,902 50,717 60,974 655,275 658,551 661,843 665,150 668,475
- BEVERGE ONLY COVERS
710.23 814.89 914.02 907.33 940.97 1,061.90 AVERAGE PER COVER-FOOD 986.99 1,080.82 1,113.89 1,064.11 1,098.93 1,062.66 1,027.66 996.20 1,117.71 1,081.97 1,025.29 1,046.67 1,061.90 1,163.20 1,277.54 1,401.65 1,541.75
891.05 1,005.98 1,094.55 1,111.61 1,144.03 1,298.24 AVERAGE PER COVER-F&B 1,254.71 1,312.92 1,354.13 1,309.43 1,339.57 1,298.18 1,267.74 1,239.76 1,336.84 1,313.25 1,262.10 1,267.46 1,298.24 1,421.89 1,561.20 1,712.12 1,882.49
130,913,575 178,103,239 257,105,000 259,607,384 268,714,150 308,350,000 BANQUET FOOD REVENUE 13,005,000 23,982,500 26,820,000 24,452,500 29,800,000 25,640,000 23,070,000 20,150,000 42,610,000 29,270,000 21,200,000 28,350,000 308,350,000 339,185,000 373,781,900 411,160,100 453,509,600
5,839,511 8,366,015 9,328,650 14,048,988 12,006,064 10,851,450 BANQUET BEVERAGE REVENUE 470,050 828,300 927,500 909,600 1,230,000 981,000 852,000 598,000 1,466,000 991,500 774,500 823,000 10,851,450 11,936,600 13,154,100 14,469,500 15,959,900
122,248 127,621 165,170 175,547 168,638 174,150 BANQUET COVERS 7,650 13,050 14,300 13,850 17,000 15,150 13,500 12,300 22,650 15,700 12,300 16,700 174,150 175,021 175,896 176,775 177,659
1,118.65 1,461.12 1,613.09 1,558.88 1,664.63 1,832.91 BANQUET(F&B) AVERAGE PER COVER 1,761.44 1,901.21 1,940.38 1,831.20 1,825.29 1,757.16 1,772.00 1,686.83 1,945.96 1,927.48 1,786.54 1,746.89 1,832.91 2,006.17 2,199.80 2,407.75 2,642.53
#DIV/0! #DIV/0! #VALUE! 98.04 65.52 75.14 F&B REVENUE PER SQ FOOT 54.90 69.05 74.05 70.78 78.48 73.97 70.75 70.77 103.71 80.39 73.46 80.33 75.14 82.19 90.82 99.90 110.19
- PAYROLL STATISTICS
106,387,316 133,620,973 175,753,200 167,543,214 166,099,547 199,927,200 TOTAL SALARIES & WAGES 16,660,600 16,660,600 16,660,600 16,660,600 16,660,600 16,660,600 16,660,600 16,660,600 16,660,600 16,660,600 16,660,600 16,660,600 199,927,200 226,087,000 252,420,700 276,999,300 290,517,300
190,436,163 258,455,363 328,206,000 303,662,748 305,971,945 359,239,200 PAYROLL & RELATED EXPENSES 29,936,600 29,936,600 29,936,600 29,936,600 29,936,600 29,936,600 29,936,600 29,936,600 29,936,600 29,936,600 29,936,600 29,936,600 359,239,200 403,154,100 451,082,500 500,947,800 538,600,100
21.53 22.79 18.29 19.87 19.07 18.88 PERCENTAGE OF TOTAL REVENUE 26.16 21.02 20.88 20.04 18.49 19.58 18.58 18.46 15.81 16.54 18.67 16.21 18.88 18.29 17.18 17.28 17.17
811 939 13,908 13,344 1,137 1,192 TOTAL HEAD COUNT-AVERAGE 1,192 1,192 1,192 1,192 1,192 1,192 1,192 1,192 1,192 1,192 1,192 1,192 1,192 1,201 1,210 1,217 1,224
234,816 275,245 23,598 22,757 269,105 301,375 AVERAGE COST PER EMPEE(PTER) 25,115 25,115 25,115 25,115 25,115 25,115 25,115 25,115 25,115 25,115 25,115 25,115 301,375 335,682 372,795 411,625 440,033
- GENERAL STATISTICS
102.83 101.42 106.00 104.32 106.92 112.50 1 US$ = SRI LANKA RUPEES 110.10 110.10 110.10 112.75 112.75 112.75 112.75 113.55 113.55 113.55 113.55 114.50 112.50 115.25 117.50 118.25 118.00
 CINNAMON GRAND COLOMBO
ANNUAL PLAN-2006/07 2007/08 to 2010/12 110 12-May-17 5/12/2017 17:00
Annexture 2
Projected Profit and loss statement for Five years ending 31st March 2011

2005/06 2006/07-LE 2007/08 2008/09 2009/10 2010/11 2011/12

### SALES 1,134,059 141% 1,604,627 119% 1,903,004 116% 2,203,782 119% 2,625,081 110% 2,899,719 108% 3,136,187
0
0 DIRECT COST OF SALES
### ### Payroll 161,693 122% 197,631 120% 237,736 112.3% 266,924 112% 298,618 111% 331,750 108% 356,952
### ### Materials 229,743 133% 305,607 115% 349,978 110% 385,724 111% 429,157 110% 473,095 109% 517,825
### ### Other Expenses 115,985 125% 145,037 112% 161,949 111% 179,139 108% 192,729 104% 201,095 105% 211,502
### 0 Total Cost of Sales 507,421 128% 648,275 116% 749,663 111% 831,786 111% 920,505 109% 1,005,940 108% 1,086,279
### ### Gross Profit 626,638 153% 956,352 121% 1,153,341 119% 1,371,996 124% 1,704,576 111% 1,893,780 108% 2,049,908
1 Gross Profit Margin % 55.26% 108% 59.60% 102% 60.61% 103% 62.26% 104% 64.93% 101% 65.31% 100% 65.36%
0
0 EXPENSES
### 0 Staff Expenses 91,211 111% 101,597 112% 114,025 112% 127,588 112% 142,756 111% 158,442 107% 170,236
### 0 Selling & Distribution 28,788 120% 34,574 120% 41,442 109% 45,103 110% 49,715 109% 54,042 110% 59,392
### 0 Depreciation 82,789 156% 128,789 116% 149,341 117% 174,269 114% 198,012 95% 188,098 112% 209,851
### 0 Other Overheads 277,979 112% 312,044 118% 367,912 108% 395,934 110% 436,359 111% 485,341 105% 510,934
Total Operating Exp.Before
### 0 Management Fees 480,768 120% 577,004 117% 672,720 110% 742,894 111% 826,842 107% 885,923 107% 950,413
0 0
# 0 Add: Interest Income 6,615 108% 7,132 9% 664 100% 667 100% 665 100% 665 100% 665
0 0 Add:Dividend Income 36,140 292% 105,486 100% 105,486 100% 105,486 111% 117,207 117% 136,742 100% 136,742
0 0 Less:Management Fees 0 89,882 103,861 124,322 152,484 167,429 180,152
0 0
### 0 Profit Before Interest Paid & Taxes 188,626 213% 402,085 120% 482,911 127% 610,932 138% 843,122 116% 977,833 108% 1,056,749
0 0
### 0 Interest Paid* 56,834 299% 169,851 121% 206,211 69% 141,316 56% 78,847 35% 27,456 11% 2,948
0 0
# ### Non Operating Income 6,803 84% 5,705 101% 5,759 102% 5,853 101% 5,906 101% 5,963 101% 6,021
0 0
### 0 Net Profit Before Tax 138,595 172% 237,939 119% 282,459 168% 475,469 162% 770,181 124% 956,341 111% 1,059,823
0 0
# 0 Taxation 4,449 152% 6,760 93% 6,314 115% 7,275 118% 8,618 110% 9,494 108% 10,247
0 0
### 0 Net Profit After Tax 134,146 172% 231,179 119% 276,145 170% 468,194 163% 761,563 124% 946,847 111% 1,049,575
0 0
0 0 Net Profit Margin(%) 11.83% 122% 14.41% 101% 14.51% 146% 21.25% 137% 29.01% 113% 32.65% 102% 33.47%
0 0
0 0 Dividends 111,885 184% 205,486 100% 205,486 100% 205,486 130% 267,207 126% 336,742 115% 386,742
0 0
CINNAMON GRAND COLOMBO
ANNUAL PLAN-2006/07 2007/08 to 2010/12 12-May-17 5/12/2017 17:00
Annexture 2
Projected Profit and loss statement for Five years ending 31st March 2011

2005/06 2006/07-LE 2007/08 2008/09 2009/10 2010/11 2011/12

SALES 1,134,059 1,604,627 1,903,004 2,203,782 2,625,081 2,899,719 3,136,187

DIRECT COST OF SALES

Payroll 161,693 197,631 237,736 266,924 298,618 331,750 356,952
Materials 229,743 305,607 349,978 385,724 429,157 473,095 517,825
Other Expenses 115,985 145,037 161,949 179,139 192,729 201,095 211,502
Total Cost of Sales 507,421 648,275 749,663 831,786 920,505 1,005,940 1,086,279
Gross Profit 626,638 956,352 1,153,341 1,371,996 1,704,576 1,893,780 2,049,908
Gross Profit Margin % 55.26% 59.60% 60.61% 62.26% 64.93% 65.31% 65.36%

EXPENSES
Staff Expenses 91,211 101,597 114,025 127,588 142,756 158,442 170,236
Selling & Distribution 28,788 34,574 41,442 45,103 49,715 54,042 59,392
Depreciation 82,789 128,789 149,341 174,269 198,012 188,098 209,851
Other Overheads 277,979 312,044 367,912 395,934 436,359 485,341 510,934
Total Operating Exp.Before Management
Fees 480,768 577,004 672,720 742,894 826,842 885,923 950,413

Add: Interest Income 6,615 7,132 664 667 665 665 665

Less:Management Fees 0 89,882 103,861 124,322 152,484 167,429 180,152

Profit Before Interest Paid & Taxes 152,486 296,599 377,424 505,445 725,915 841,092 920,008

Interest Paid* 56,834 169,851 206,211 141,316 78,847 27,456 2,948

Non Operating Income 6,803 5,705 5,759 5,853 5,906 5,963 6,021

Net Profit Before Tax 102,455 132,453 176,972 369,982 652,974 819,599 923,081

Add:Dividend Income 36,140 105,486 105,486 105,486 117,207 136,742 136,742

NPBT After Dividend 138,595 237,939 282,459 475,469 770,181 956,341 1,059,823

Taxation 4,449 6,760 6,314 7,275 8,618 9,494 10,247

Net Profit After Tax 98,006 125,692 170,659 362,708 644,356 810,106 912,834

Net Profit Margin(%) 8.64% 7.83% 8.97% 16.46% 24.55% 27.94% 29.11%

Dividends 111,885 205,486 205,486 205,486 267,207 336,742 386,742

(13,879) (79,794) (34,828) 157,221 377,149 473,364 526,092

As per Comparative P&L (13,879) (79,794) (34,828) 157,221 377,149 473,364 526,092
CINNAMON GRAND COLOMBO
BALANCE SHEET 2007/08 to 2012 12-May-17 5/12/2017 17:00

Annexture-3

Pjojected Balance Sheet for five Years ending 31st March 2012 10% 10% 11% 11% 12%

AS AT 31-03-2004 AS AT 31-03-2005 AS AT 31-03-2006 AS AT 31-03-2007 AS AT 31-03-2008 AS AT 31-03-2009 AS AT 31-03-2010 AS AT 31-03-2011 AS AT 31-03-2012

Non Current Assets

Property, Plant and Equipment
3,822,592 4,324,649 6,288,027 6,407,031 6,393,001 6,388,732 6,360,720 6,517,622 6,457,771
Investments

Other Non Current Assets

404,533 - - - - - - -
Total Non Current Assets
4,227,125 4,324,649 6,288,027 6,407,031 6,393,001 6,388,732 6,360,720 6,517,622 6,457,771

Current Assets

Inventories
45,463 55,477 68,400 69,060 76,329 110,017 124,158 139,405 152,644
Trade & Other Receivables
141,306 88,422 340,247 145,613 182,149 210,815 277,632 325,435 361,577
Inter company Debtors
- 6,981 28,913 14,835 14,135 14,935 13,735 14,535 13,835
Loans gives to Group Companies
- - - - - - - - -
Short term investments
- 36,300 17,388
Cash in Hand and at bank
88,797 30,999 (5,039) 8,487 13,023 17,331 17,449 18,737 21,122
Total Current assets
275,565 218,178 449,909 237,994 285,636 353,099 432,974 498,112 549,178

Total Assets
4,502,691 4,542,827 6,737,937 6,645,025 6,678,637 6,741,831 6,793,694 7,015,734 7,006,949

Shareholder's Fund

Share Capital - - 1,118,853 1,118,853 1,118,853 1,118,853 1,118,853 1,118,853 1,118,853

Revaluation reserve 2,101,382 2,101,382 2,101,382 2,101,382 2,101,382 2,101,382 2,101,382 2,101,382 2,101,382

Capital Reserve 80,199 80,199 80,199 80,199 80,199 80,199 80,199 80,199 80,199

General reserve 85,000 85,000 85,000 85,000 85,000 85,000 85,000 85,000 85,000

Retained Earnings 232,780 406,759 298,290 323,981 394,640 657,348 1,151,704 1,761,810 2,424,643

Share Premium - - 571,709 571,709 571,709 571,709 571,709 571,709 571,709

Total Shareholders Funds 2,499,360 2,673,339 4,255,433 4,281,125 4,351,783 4,614,491 5,108,847 5,718,953 6,381,786

Non Current Liabilities

I / Com Non Current Borrowings
192,053 (35,291) 604,342 473,154 683,154 773,154 573,154 488,154 65,000
Other Non Current Borrowings
- 38,242 1,092,900 1,162,119 734,173 320,739 78,005 - -

Retiring Gratuity Obligations 27,813 31,678 36,549 42,804 44,799 46,539 48,108 50,435 52,466
SBU Crescat Division &
Interco Non Trade Creditors 1,690,563 1,694,115 1,781 24,053 89,208 216,407 375,006 249,782 144,118

Other 1,575

Total 1,912,003 1,728,744 1,735,572 1,702,130 1,551,334 1,356,840 1,074,273 788,371 261,585

Current Liabilities

Trade & Other Payables

84,303 73,456 651,590 280,989 347,574 357,066 367,840 430,405 363,578
I / Com - Creditors
- - - - - - - - -
Income Tax liabilities
- 1,731 - - - - - - -
Dividends Payable
- - - - - - - - -
I /Com Short term Borrowings
- - - - - - - - -
Other Short term Borrowings
( < One Year) 7,024 65,557 95,342 380,781 427,946 413,434 242,734 78,005 -
Bank OD

Total Current Liabilities

91,327 140,744 746,931 661,770 775,521 770,500 610,574 508,410 363,578

Total Equity & Liabilities

4,502,691 4,542,827 6,737,937 6,645,025 6,678,637 6,741,831 6,793,694 7,015,734 7,006,949

- - - (0.00) (0.00) (0.00) (0.00) (0.00) (0.00)

CINNAMON GRAND COLOMBO
2007/08 to 2010/12 12-May-17
Annexture-4A
Projected Cash Plan Summary for Years ending 31st Mar ch 2012
Rs'000

2005/06 LE-2006/07 Plan-2007/08 Plan-2008/09 Plan-2009/10 Plan 2010/11 Plan 2011/12

Net Profit Before tax 138,595 237,939 282,459 475,469 770,181 956,341 1,059,823
Adjustments for Interest Income 6,615 7,132 664 667 665 665 665
Adjustments for Interest Paid 56,834 169,851 206,211 141,316 78,847 27,456 2,948
Adjustments for Depreciation 82,789 128,789 149,341 174,269 198,012 188,098 209,851
Adjustments for Dividends (36,140) (105,486) (105,486) (105,486) (117,207) (136,742) (136,742)
Other Adjustments( Gratuity) 4,871 6,254 1,995 1,741 1,569 2,327 2,031
Operating Profit before WC changes 240,334 430,215 533,855 686,641 930,737 1,036,815 1,137,247

(Increase) / Decrease in NWC (289,723) 162,548 (23,479) 53,662 68,983 1,285 115,508

Cash Generated from Operations 530,056 267,667 557,334 632,979 861,754 1,035,530 1,021,739

Interest Income 6,615 7,132 664 667 665 665 665

Interest Expense 56,834 169,851 206,211 141,316 78,847 27,456 2,948
Dividends Received 36,140 105,486 105,486 105,486 117,207 136,742 136,742
Taxation 4,449 6,760 6,314 7,275 8,618 9,494 10,247
Other
Net Cash flow from Operating activities 511,529 203,674 450,960 590,541 892,160 1,135,987 1,145,949

Capital Expenditure (1,974,974) (247,793) (135,311) (170,000) (170,000) (345,000) (150,000)

Purchase of Investments
Investment in Equity
Proceeds from sale of Property Plant & Equip
Proceeds from sale of Investments
Other
Net Cash-flow used in Investing Activities (1,974,974) (247,793) (135,311) (170,000) (170,000) (345,000) (150,000)

Proceeds from Issuance of Shares

Dividends paid fron Dividend Income (36,140) (105,486) (105,486) (105,486) (117,207) (136,742) (136,742)
Dividends Payable from Profit (75,745) (100,000) (100,000) (100,000) (150,000) (200,000) (250,000)
Loan Repayments Received - - - - - - -
Proceeds from (Internal) Borrowings 639,633 18,812 370,000 90,000 - - -
Proceeds from (External) Borrowings 1,054,658 450,000 - - - - -
Repayment of (Internal) Borrowings - (150,000) (160,000) - (200,000) (85,000) (423,154)
Repayment of (External) Borrowings 29,785 (95,342) (380,781) (427,946) (413,434) (242,734) (78,005)
Other (1,772) 22,272 65,155 127,199 158,598 (125,224) (105,664)
Net Cash flow from Financing Activities 1,610,419 40,256 (311,112) (416,233) (722,043) (789,699) (993,564)

Net Increase in Cash & Cash Equivalents 146,973 (3,862) 4,536 4,308 118 1,288 2,385

Cash, Bank, O/D & Cash Equivalent at the

beginning of the year 67,299 12,349 8,487 13,023 17,331 17,449 18,737

Cash, Bank, O/D & Cash Equivalent at the end of

the year 12,349 8,487 13,023 17,331 17,449 18,737 21,122

(54,949) (3,862) 4,536 4,308 118 1,288 2,385

201,923 (0.00) 0 (0) 0 (0) 0

CINNAMON GRAND COLOMBO
PLAN 2007/08 5/12/2017 17:00

2007/08 2008/09 2009/10 2010/11 2011/12

ROCE (%) 6% 8% 11% 13% 14%

ROE (%) 4% 8% 13% 15% 15%

PAT (absolute) Rs. Mn 170,658 362,708 644,356 810,106 912,834

Market Position/Share 31 31 31 31 31

Real Revenue Growth (%) 19% 16% 19% 10% 8%

2. Key Strategic Priorities & Summary of New Projects

No. Description Measure As at 31/03/2007 As at 31/03/2008

1
Room Revenue per
Available Room Rooms Sold 4,204 5,088
2
Total Revenue per
Occupied Room Total Revenue 13,506 15,372
3 Total Operational
Cost per Occupied
Room Operational Cost 5,457 6,056
4
NPBT/Occupied
Room Profitability 1,115 1,430

Estimated Capital Expenditure (Rs.Mn)

Project FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 Total

GENERAL CAPEX 95 170 170 345 150 930

FIDELIO 40

Total 135 170 170 345 150 930

Expected Revenues (Rs.Mn)

Project FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 Total

Total
 CINNAMON GRAND COLOMBO
OPERATIONAL BUDGET-2007/2008-PLAN
Annexure 6 FINANCIAL OBJECTIVES (FO) 2007/08 to 2010/12 12-May-17 5/12/2017 17:00

COMPANY/SECTOR In Rs 000
BEST ESTIMATE
2005/06 2006/07 2007/08 2008/09 2009/10 2010/11 2011/12
A Sales and Profit
A1 Net Revenue External 1,134,059 1,604,627 1,903,004 2,203,782 2,625,081 2,899,719 3,136,187
A2 Net Revenue Internal
A3 Net Revenue Total 1,134,059 1,604,627 1,903,004 2,203,782 2,625,081 2,899,719 3,136,187
A4 Gross Profit 626,638 956,352 1,153,341 1,371,996 1,704,576 1,893,780 2,049,908
A5 Gross Profit Margin % 55.26% 59.60% 60.61% 62.26% 64.93% 65.31% 65.36%

A6 EBITDA 228,660 418,255 526,101 679,048 923,263 1,028,525 1,129,194

A7 Depreciation/Amortisation 82,789 128,789 149,341 174,269 198,012 188,098 209,851
A8 EBIT 145,871 289,466 376,760 504,779 725,251 840,427 919,343
A9 Interest /Finance Charge 56,834 169,851 206,211 141,316 78,847 27,456 2,948
13,418 12,838 6,423 6,519 6,570 6,628 6,686
A10 Profit Before Tax 102,455 132,452 176,972 369,983 652,974 819,599 923,081
A11 Tax 4,449 6,760 6,314 7,275 8,618 9,494 10,247
A12 Effective Tax %
A13 Profit After Tax 98,007 125,692 170,658 362,708 644,356 810,106 912,834
A14 PAT Margin % 8.64% 7.83% 8.97% 16.46% 24.55% 27.94% 29.11%

B. Balance Sheet Summary

B1. Net Fixed Assets 6,288,027 6,407,031 6,393,001 6,388,732 6,360,720 6,517,622 6,457,771
B2. Net Current Assets (201,681) (42,995) (61,938) (3,967) 65,134 67,706 185,600
B3. Working Capital/Sales (0.19) (0.03) (0.04) (0.01) 0.02 0.02 0.05
B4. Average Total Assets Employed 5,640,382 6,691,481 6,661,831 6,710,234 6,767,762 6,904,714 7,011,342

B5. Total Debt 1,794,365 2,040,107 1,934,482 1,723,734 1,268,899 815,941 209,118
B6. Net Debt 1,782,016 2,031,620 1,921,458 1,706,403 1,251,450 797,204 187,996
B7. Debt/Equity % 42% 48% 44% 37% 25% 14% 3%
B8. Average Shareholders Funds 3,464,386 4,268,279 4,316,454 4,483,137 4,861,669 5,413,900 6,050,370
B9. Average Capital Employed 5,240,398 6,180,622 6,298,305 6,307,922 6,354,091 6,452,868 6,560,141

B10. ROCE % 3% 5% 6% 8% 11% 13% 14%

B11. ROE % 3% 3% 4% 8% 13% 15% 15%
B12. ROA % 2% 2% 3% 5% 10% 12% 13%
\

C. Cash Flow Summary

C1. Operating Profit (before

WC changes) 240,334 430,215 533,855 686,641 930,737 1,036,815 1,137,247
C2. (Increase)/Decrease in Working
Capital (289,723) 162,548 (23,479) 53,662 68,983 1,285 115,508
C3. Capital Expenditure (asset
acquisition) 1,974,974 247,793 135,311 170,000 170,000 345,000 150,000
C4. Increase/ (Decrease) in Debt (127,017) 31,742 245,743 (105,626) (210,747) (454,836) (452,958)
C5. Dividend Paid 111,885 205,486 205,486 205,486 267,207 336,742 386,742
C6. Net Cash Flow to Equity 146,973 (3,862) 4,536 4,308 118 1,288 2,385
Owners

GROWTH - YEAR ON YEAR

Revenue Nominal Growth %
Revenue Real Growth % 28% 41% 19% 16% 19% 10% 8%
PAT Growth % -35% 28% 36% 113% 78% 26% 13%
Market Position/Share (Rank or %)
 2007/08 to 2010/12 5/12/2017 17:00
Annexure 8: Capital Expenditure Forecast (Rs. 000) for the budget year 07-08
Description Amount Renewal Replacement Expansion Environment

Projects

Project A

Project B

Project C

Sub Total
General *
Land and Building 33,735
Plant and Machinery 12,708
Furniture and Fittings 24,568
Motor Vehicle -
Office Equipment 1,030
Fidelio 39,875
Others 23,397
Sub Total 135,311
Total
 Annexure 9: Dividend Projections (Rs. 000) from FY 07-08 to FY 11-12
2007/08 to 2010/12 5/12/2017 17:00

FY 2008 FY 2009 FY 2010 FY 2011 FY 2012

Profit After Tax 276,145 468,194 761,563 946,847 1,049,575

Less: Expected increase in

Working Capital in next FY 53,662 68,983 1,285 115,508 -

Less: Expected investment in

Capex in next FY 170,000 170,000 345,000 150,000 -

Less: Transfer to Reserves &

Surplus (153,004) 23,725 148,071 344,597

Total Dividend proposed 205,486 205,486 267,207 336,742 386,742

 Annexure 10 : Human Resources Plan for 5 years from FY2008 to FY2012
2007/08 to 2010/12

Incr. /(Dec)
Total Best over Annual
Asst Non Estimate Year Incr./(Decr). Plan Budget Year
Name of Profit Centre/Functional Unit Directors Managers Managers Executives Executives Others 2006/07 over Prvs. Year 2006/2007 2007/08 2008/09 2009/10 2010/11 2011/12
Housekeeping 1 2 13 116 132 26 (2) 139 148 157 164 171
Front Office/Lobby 8 25 41 74 21 - 82 82 82 82 82
Food & Beverage 2 9 41 52 471 575 101 9 598 598 598 598 598
Recreation 1 0 5 6 (1) (3) 6 6 6 6 6
Secretarial 0 1 1 2 1 1 2 2 2 2 2
Life Style Centre 1 8 18 27 26 (2) 29 29 29 29 29
Flower Shop 0 0 2 2 - (3) 5 5 5 5 5
Telephones 0 1 9 10 - (3) 10 10 10 10 10
Admin & General 1 2 2 7 28 89 129 10 (13) 130 130 130 130 130
Advertising & Sales Promotion 2 11 4 0 17 2 (4) 19 19 19 19 19
Repairs & Maintenance 1 1 3 15 84 104 5 3 106 106 106 106 106
Personnel & Training 1 2 0 6 2 11 (1) (3) 12 12 12 12 12
Laundry 2 2 44 48 8 (2) 54 54 54 54 54
SECTOR TOTAL 1 7 16 76 155 882 1,137 198 (22) 1,192 1,201 1,210 1,217 1,224
 Annexure 11: Staff Cost for FY 2008 to FY 2012 2007/08 to 2010/12 5/12/2017 17:00

GROSS SALARY ALLOWANCES REIMBURSEMENTS DEDUCTIONS EPF ETF INSURANCE GRATUITY EX-GRATIA OTHERS TOTAL

2007/08 199,927,200 29,066,400 5,998,800 10,873,200 121,549,200 367,414,800

2008/09 226,087,000 32,990,300 6,808,800 13,537,600 132,920,600 412,344,300

2009/10 252,420,700 36,949,200 7,625,900 16,853,000 147,460,700 461,309,500

2010/11 276,999,300 40,644,200 8,388,600 20,977,000 165,155,400 512,164,500

2011/12 290,517,300 42,676,200 8,808,100 26,090,200 182,329,600 550,421,400

 Key Strategic Priority Measure As of Mar07 Target Mar08

KEY VALUE DRIVERS 2005/06 2006/07 2007/08

(Actual) Best Estimate (Plan)

OCC PERCENTAGE 70.96 64.97 67.51

ADR 6,129.29 6,471.54 7,536.98

REV PAR 4,349.40 4,204.48 5,088.36

EMPLOYEE PRODUCTIVITY -
TOTAL REV / NO. OF EMPLOYEES 1,207,731.03 1,411,281.22 1,596,479.67

NPBT PER AVAILABLE ROOM 842.91 724.32 965.13

Expenditure (Rs. Mn)

Significant CAPEX / New Projects

07/08 08/09 09/10 10/11 11/12

General Capex 95 170 170 345 150

Fidelio Project 40

135 170 170 345 150

Revenue (Rs. Mn)

06/07 07/08 08/09 09/10 10/11 11/12

Revenue from existing business

Revenue from new Projects/Initiatives

Total Revenue

2005/06 2006/07 2007/08

(Best Estimate) %
Rs. Million (Actual) Increase (Plan) % Increase
Net Revenue 1,134 1,605 41% 1,903 19%
Gross Profit 627 956 53% 1,153 21%
GP Margin % 55% 60% 4% 61% 1%

Fixed Cost as a % of Revenue 57% 55% -3% 50% -4%

EBIT Margin % 13% 18% 5% 20% 2%
PBT 102 132 29% 177 34%
Effective Tax Rate (%)
PAT 98 126 28% 171 36%
PAT Margin (%) 9% 8% -1% 9% 1%
Working Capital (214) (51) -76% (75) 46%
Debt/Equity (%) 42% 48% 5% 44% -3%
ROCE (%) 3% 5% 2% 6% 1%
Operating Cash Flow 512 204 -60% 451 121%
ROE (%) 3% 3% 0% 4% 1%
ROA (%) 2% 2% 0% 3% 1%
Dividends paid out 112 205 84% 205 0%

2005/06 2006/07 2007/08

(Best Estimate)
Rs. Million (Actual) (Plan) 08/09 (Plan) 09/10 (Plan) 10/11 (Plan) 11/12 (Plan)
Net Revenue 1,134 1,605 1,903 2,204 2,625 2,900 3,136
Gross Profit 627 956 1,153 1,372 1,705 1,894 2,050
GP Margin % 55% 60% 61% 62% 65% 65% 65%

Fixed Cost as a % of Revenue 57% 55% 50% 43% 37% 34% 33%
EBIT Margin % 13% 18% 20% 23% 28% 29% 29%
PBT 102 132 177 370 653 820 923
Effective Tax Rate (%)
PAT 98 126 171 363 644 810 913
PAT Margin (%) 9% 8% 9% 16% 25% 28% 29%
Working Capital (214) (51) (75) (21) 48 49 164
Debt/Equity (%) 42% 48% 44% 37% 25% 14% 3%
ROCE (%) 3% 5% 6% 8% 11% 13% 14%
Operating Cash Flow 512 204 451 591 892 1,136 1,146
ROE (%) 3% 3% 4% 8% 13% 15% 15%
ROA (%) 2% 2% 3% 5% 10% 12% 13%
Dividends paid out 112 205 205 205 267 337 387

Staff Categories 2005/06 2006/07 2007/08 2008/09 2009/10 2010/11 2011/12

Directors 1 1 1 1 1 1 1

Managers 10 9 9 9 9 9 9

Asst. Managers 15 17 17 17 17 17 17

Executives 63 73 81 81 81 81 81

Non Executives 696 749 775 784 793 800 807

Others 154 288 262 262 262 262 262

Total 939 1137 1145 1154 1163 1170 1177

Total Staff Cost(Mn) 258 306 359 403 451 501 539

Staff Cost as a % of Total Cost 30.65% 28.52% 28.87% 29.45% 29.78% 30.07% 30.15%

Training & Development (Rs. Mn) 5 6 6 7 8 10 13

Training & Development (as a % of
staff cost) 1.92% 2.08% 1.75% 1.71% 1.84% 2.07% 2.41%
 (In Rs. Millions)

Cinnamon Grand
2005/06 2006/07 2007/08 2008/09 2009/10 2010/11 2011/12
(Actual) (Best Est)

Net Revenue 1,134 1,605 1,903 2,204 2,625 2,900 3,136

Cost of Sales 507 648 750 832 921 1,006 1,086

Gross Profit 627 956 1,153 1,372 1,705 1,894 2,050

GP Margin % 55% 60% 61% 62% 65% 65% 65%

EBIT 146 290 371 499 719 834 913

PBT 102 132 177 370 653 820 923

PAT 98 126 171 363 644 810 913

PAT Margin % 9% 8% 9% 16% 25% 28% 29%

Working Capital (214) (51) (75) (21) 48 49 164

Net Debt 1,782 2,032 1,921 1,706 1,251 797 188

ROCE (%) 3% 5% 6% 8% 11% 13% 14%

Operating Cash Flow 512 204 451 591 892 1,136 1,146

ROE (%) 3% 3% 4% 8% 13% 15% 15%

ROA (%) 2% 2% 3% 5% 10% 12% 13%

Dividend Paid out 112 205 205 205 267 337 387

Workings 2004/05
(Actual)
EBIT

PBT 102 132 177 370 653 820 923

Less Extraordinary Profit/ (Loss))
Less Non Operating Income 13 12 12 12 13 13 13
Add Interest Expense 57 170 206 141 79 27 3
146 290 371 499 719 834 913

Working Capital

Receivables 369 160 196 226 291 340 375

Stocks 68 69 76 110 124 139 153
Less Payables 652 281 348 357 368 430 364
(214) (51) (75) (21) 48 49 164

Net Debt

Long Term Borrowings 1,697 1,699 1,659 1,507 1,310 1,026 738 209
Short Term Borrowings 66 95 381 428 413 243 78 -
Overdraft - - - - - - - -
Total Debts 1,763 1,794 2,040 1,934 1,724 1,269 816 209

Less Cash 31 (5) 8 13 17 17 19 21

Less Short Term Deposits 36 17 - - - - - -
1,695 1,782 2,032 1,921 1,706 1,251 797 188

ROCE (%)

EBIT 146 290 371 499 719 834 913

Capital Employed
Long Term Borrowings 1,697 1,699 1,659 1,507 1,310 1,026 738 209
Short Term Borrowings 66 95 381 428 413 243 78 -
Overdraft - - - - - - - -
Less Long Term Investments
Less Short Term Investments
Less Loans given to employees 1 4 6 5 4 4 3 3
1,761 1,791 2,034 1,930 1,720 1,265 813 207

Shareholders Funds 2,673 4,255 4,281 4,352 4,614 5,109 5,719 6,382

Average Shareholders Funds 3,464 4,268 4,316 4,483 4,862 5,414 6,050

Average Capital Employed 5,240 6,181 6,298 6,308 6,354 6,453 6,560

ROCE 3% 5% 6% 8% 11% 13% 14%

ROE (%)

PAT 98 126 171 363 644 810 913

Average Shareholders Funds 3464 4268 4316 4483 4862 5414 6050

ROE (%) 3% 3% 4% 8% 13% 15% 15%

ROA (%)

PAT 98 126 171 363 644 810 913

Total Assets 4,543 6,738 6,645 6,679 6,742 6,794 7,016 7,007
Average Total Assets 5,640 6,691 6,662 6,710 6,768 6,905 7,011

ROA (%) 2% 2% 3% 5% 10% 12% 13%

CINNAMON GRAND COLOMBO
ANNUAL PLAN 2007/08
NPBT VARIANCE 2006/07 TO 2007/08

Annual Plan 07 08 Reforecast 06 07 Change

Total Revenue 1,903,003,772 1,604,626,751 298,377,021

NPBT 176,972,054 132,452,410 44,519,644

Increase in revenue 253,857,377

absorbed by increase in expenses

Areas of Significant Expense Increases Brief explanation of each

Payroll 51,788,509 Salaries & Wages 33,846,712 ( Increase-15% on present Staff + Additions)
15% increase in Salaries & wages, Casual wages increase from Rs.200 to Rs.300
Fill existing vacancies including 2 in Senior Management

Payroll related Exp 17,941,797 ( EPF, ETF, Meals,Gratuity, Bonus, Employee relations)

HLP 30,439,307 20% surchrge was effective Sep06(only 6 months of 06/07). Applies to whole year in 07/08.

Depreciation 22,809,905 Change in the basis of charging as per SLAS 18.

Interest 36,863,276 Interest rate increase from 12.5% to 15%. Also the full Loan of 1.6b will be taken only
by March 07.

Room Exp 6,879,507 Guest Supplies Rs.3378,Decorations Rs.508,Executive floor meals Rs.1989,stationery Rs.288,
Lobby Music Rs.281, Uniforms Rs.242

F&B Cost 39,819,375 Related to revenue increase

F&B Expenses 6,004,923 Foreign Travel(new) Rs.650, other travel Rs.568, decorations Rs.985, stationery Rs.428,
Guest supplies Rs.695, fuel Rs.2202,paper supplies Rs.964, music Rs.870, uniforms Rs.1064,
House laundry Rs.696, Cleaning supplies Rs.879

Admin 5,952,004 Commission on credit salesRs.4639, Local transport Rs.658, stationery Rs.157, computer exp Rs.159,
outside security Rs.903

Admin Others 15,984,257 As adviced by JKH. Includes Fidelio/SAP maintenance

Advt & sales 9,972,538 Advertising Rs.1460, Publicity Rs.1938, Advertising (L.S.) Rs.720, Entertainment Rs.512

R&M 1,116,997

Insurance 1,467,091

Rates 1,520,325

Interest Income(Drop) 6,217,361 Drop in Interest Income

Management Fees 8,994,467 Increased Revenue & Profits

Branding Exp 1,848,000

Tele Cost (1,050,712)

Total 246,627,129
CINNAMON GRAND COLOMBO
ANNUAL PLAN 2007/08
PAYROLL VARIANCE 2006/07 TO 2007/08

TotalSalaries2006/07LE 166,099,547
Headcount Amount
IncreaseduetoheadCountIncrease(Permnt) 36 6,894,000
IncreaseduetoheadCountIncrease(casual) 18 1,140,000
AnnualIncrements 844 18,940,059
CasualRateIncrease 244 6,195,000
IncreaseBudgetaryAllowance 648,000 33,817,059
199,916,606

TotalPayrollCost 305,971,945
IncreaseinSalaries&Wages 33,817,059
MealcostduetoincreaseinHeadCount 1,944,000
InflationMealCost 4,753,285

IncreaseinEPF 5,064,098
IncreaseinETF 1,044,921
EmployeeRelations/Training 3,414,776
Gratuity/Bonusetc 3,208,497 53,246,635
359,218,580
CINNAMON GRAND COLOMBO
MARKET MIX FORECAST-COMPARISON
2006/07- LE 2007/08 - PLAN
ENTIRE HOTEL US$ = SLRs 105.71 US$ = SLRs 112.50
MARKET MIX RM NIGHTS ARR-US$ ARR-SLRs REVENUE RM NIGHTS ARR-US$
DAYS IN YEAR 365 366
AVAILABLE ROOMS IN STAGE 42 42
AVAILABLE ROOMS 182865 183366
OCCUPIED ROOMS 119195 123794
OCCUPANCY % 65.2% 67.5%
AVERAGE ROOM RATE 6,535.78 USD 61.83 7,536.98 USD 67.00
NUMBER OF GUESTS 146475 155231
DOUBLE OCCUPANCY % 22.9% 25.4%

PREMIUM WING US$ = SLRs 105.71 US$ = SLRs 112.50

MARKET MIX RM NIGHTS ARR-US$ ARR-SLRs REVENUE RM NIGHTS ARR-US$
DAYS IN YEAR 365 366
AVAILABLE ROOMS IN STAGE 244 244
AVAILABLE ROOMS 89060 89304
OCCUPIED ROOMS 42953 49003
OCCUPANCY % 48.2% 54.9%
AVERAGE ROOM RATE 8,486.40 USD 80.28 10,444.96 USD 92.84
NUMBER OF GUESTS 54035 58198
DOUBLE OCCUPANCY % 25.8% 18.8%

DELUX WING US$ = SLRs 105.71 US$ = SLRs 112.50

MARKET MIX RM NIGHTS ARR-US$ ARR-SLRs REVENUE RM NIGHTS ARR-US$
DAYS IN YEAR 365 366
AVAILABLE ROOMS IN STAGE 257 257
AVAILABLE ROOMS 93805 94062
OCCUPIED ROOMS 76242 74791
OCCUPANCY % 81.3% 79.5%
AVERAGE ROOM RATE 5,436.84 USD 51.43 5,631.67 USD 50.06
NUMBER OF GUESTS 92440 97033
DOUBLE OCCUPANCY % 21.2% 29.7%
2007/08 - PLAN 2008/09 - PLAN 2009/10 - PLAN
US$ = SLRs 115.25 US$ = SLRs 117.50
ARR-SLRs REVENUE RM NIGHTS ARR-US$ ARR-SLRs REVENUE RM NIGHTS ARR-US$
366 365
501 501
183109 182865
132175 137901
72.2% 75.4%
8,550.44 USD 74.19 10,433.46 USD 88.80
166024 172323
25.6% 25.0%

US$ = SLRs 115.25 US$ = SLRs 117.50

ARR-SLRs REVENUE RM NIGHTS ARR-US$ ARR-SLRs REVENUE RM NIGHTS ARR-US$
366 365
244 244
89304 89060
54514 60272
61.0% 67.7%
11,009.11 USD 95.52 13,552.76 USD 115.34
66231 72562
21.5% 20.4%

US$ = SLRs 115.25 US$ = SLRs 117.50

ARR-SLRs REVENUE RM NIGHTS ARR-US$ ARR-SLRs REVENUE RM NIGHTS ARR-US$
365 365
257 257
93805 93805
77661 77629
82.8% 82.8%
6,824.57 USD 59.22 8,011.61 USD 68.18
99793 99761
28.5% 28.5%
2009/10 - PLAN 2010/11 - PLAN 2011/12 - PLAN
US$ = SLRs 118.25 US$ = SLRs 118.00
ARR-SLRs REVENUE RM NIGHTS ARR-US$ ARR-SLRs REVENUE RM NIGHTS ARR-US$
365 366
501 501
182865 183366
137901 137901
75.4% 75.2%
11,585.40 USD 97.97 12,386.18 USD 104.97
172323 172323
25.0% 25.0%

US$ = SLRs 118.25 US$ = SLRs 118.00

ARR-SLRs REVENUE RM NIGHTS ARR-US$ ARR-SLRs REVENUE RM NIGHTS ARR-US$
365 366
244 244
89060 89304
60272 60272
67.7% 67.5%
14,884.82 USD 125.88 16,041.28 USD 135.94
72562 72562
20.4% 20.4%

US$ = SLRs 118.25 US$ = SLRs 118.00

ARR-SLRs REVENUE RM NIGHTS ARR-US$ ARR-SLRs REVENUE RM NIGHTS ARR-US$
365 366
257 257
93805 94062
77629 77629
82.8% 82.5%
9,023.71 USD 76.31 9,548.32 USD 80.92
99761 99761
28.5% 28.5%
2011/12 - PLAN

ARR-SLRs REVENUE

ARR-SLRs REVENUE

ARR-SLRs REVENUE
Annexure 7: Definitions

A1. Net Revenue External : Net Revenue excluding Inter & Intra Group Revenue
A2. Net Revenue Internal : Inter & Intra Group Net Revenue
A3. Net Revenue Total : A1+A2
A4. Gross Profit: General Definition
A5. Gross Profit Margin%: Gross Profit / Net Revenue Total
A6. EBITDA: PBT Extraordinary profit (loss) Non Operating Income + Interest Expense +Depreciation - Amortization
A7. Depreciation: General Definition
A8. EBIT: PBT Extraordinary profit (loss) Non Operating Income + Interest Expense
A9. Finance Charges : General Definition
A10. Profit Before Tax : General Definition
A11. Tax : Includes all applicable taxes
A12. Effective Tax %: Tax / PBT
A13. Profit After Tax : General Definition
A14. PAT Margin % : PAT / Net Revenue Total

B1. Net Fixed Assets : Total Fixed Assets Accumulated Total Depreciation
B2. Net Current Assets : Total Current Assets Total Current Liabilities
B3. Working Capital / Sales:
Working Capital = Receivables + Stocks Payables
WC / Sales = Working Capital / Net Revenue Total
(Use Gross Revenue instead of Net Revenue if applicable)
B4. Average Total Assets Employed :
[(Opening FA + CA for the year) + (Closing FA + CA for the year)] / 2
B5. Total Debt : Long Term Borrowings + Short Term Borrowings + Overdraft
B6. Net Debt : Total Debt (Cash + Short Term Deposits)
B7. Debt / Equity % : Total Debt / (Share Holders Funds)
B8. Average Share Holders Funds :
Share Holders Funds (SHF) = Share Capital + Capital Reserve
+Revenue Reserve
[ (Opening SHF for the year ) + (Closing SHF for the year ) ] / 2
B9. Average Capital Employed
Capital Employed (CE) = LT Borrowings +ST Borrowings +OD LT Investments ST Investments Loans given to Employee
[ (Opening CE for the year ) + (Closing CE for the year ) ] / 2
B10. ROCE % : EBIT / Average Capital Employed
B11. ROE % : PAT / Average Shareholders Funds
B12. ROA % : PAT / Average Total Assets

C1. C6. All definitions as per the ZCF report format where,
C3. Capital Expenditure = Asset Acquisition
C4. Increase / (Decrease) in Debt : = Proceeds from Borrowings Repayment of Borrowings
C6. Net Cash Flow to Equity Owners : = Net Increase in Cash & Cash Equivalents

Revenue Nominal Growth % : Net Turnover Growth, in nominal terms

Revenue Real Growth % : Net Turnover Growth, in real terms ; i.e. growth in Net Turnover after adjusting for inflation
PAT Growth % : PAT Growth, in nominal terms
Market Position / Market Share : Rank or percent in terms of market share
e +Depreciation - Amortization

stments Loans given to Employees

after adjusting for inflation