Harbour View Company Limited

Month to Date Profit & Loss Statement Year to Date

Actual Budget Actual Variance Update 05/10/07 Actual Budget Actual Variance
September 2007 September 2007 Septemebr 2006 Act07 vs Bud07 Act07 vs Act06 Amount in USD September 2007 September 2007 Septemebr 2006 Act07 vs Bud07 Act07 vs Act06
3,660 3,660 3,660 0 0.0% 0 0.0% Available Rooms 33,306 33,306 33,306 0 0.0% 0 0.0%
2,041 55.8% 2,506 68.5% 2,345 64.1% (465) -18.6% (304) -13.0% Occupied Rooms & Occupancy % 21,142 63.5% 21,143 63.5% 17,458 52.4% (1) 0.0% 3,684 21.1%
2,494 22.2% 3,107 24.0% 2,823 20.4% (613) -19.7% (329) -11.7% Guest & Double Occupancy % 26,925 27.4% 26,265 24.2% 23,951 37.2% 660 2.5% 2,974 12.4%
64.22 35.81 46.33 31.72 40.39 25.88 17.89 38.6% 23.82 59.0% ADR (Average Daily Rate) & Rev Par (USD) 53.80 34.15 44.88 28.49 43.11 22.59 8.92 19.9% 10.70 24.8%
23 0.6% 20 0.5% 35 1.0% 3 15.0% (12) -34.3% Complimentary Room & Occupancy % 333 1.0% 211 0.6% 478 1.4% 122 57.8% (145) -30.3%
2,064 56.4% 2,526 69.0% 2,380 65.0% (462) -18.3% (316) -13.3% Occupied Rooms Incl. Comp. & Occupancy % 21,475 64.5% 21,354 64.1% 17,936 53.9% 121 0.6% 3,539 19.7%
63.50 35.81 45.97 31.72 39.80 25.88 17.54 38.2% 23.70 59.6% ADR & Rev Par (USD) Incl. Comp. Room 52.97 34.15 44.44 28.49 41.96 22.59 8.53 19.2% 11.01 26.2%
7,066 11 7,220 10 6,081 9 (154) -2.1% 985 16.2% Total Covers & Average F&B Check (USD) 71,625 11 74,480 10 64,182 9 (2,855) -3.8% 7,443 11.6%
155 155 160 160 151 151 (5) -3.1% 4 2.6% Permanent Employees & EFTE 158 158 160 160 144 144 (2) -1.5% 13 9.1%
1,675 127 1,508 96 1,314 85 168 11.1% 361 27.5% TORE per EFTE & POR 14,996 112 13,434 102 12,015 99 1,562 11.6% 2,981 24.8%
52,491 20.2% 55,313 22.9% 42,065 21.2% (2,822) -5.1% 10,426 24.8% Total Payroll (TOPA) & % of TORE 537,092 22.7% 541,874 25.2% 401,030 23.1% (4,782) -0.9% 136,062 33.9%
339 26 346 22 279 18 (7) -2.0% 60 21.6% TOPA per EFTE & POR (USD) 3,409 25 3,387 26 2,776 23 22 0.7% 633 22.8%
3,058 3,056 3,056 2 0.1% 2 0.1% Office Tower Area Available (Sqm.) 27,518 27,510 27,506 8 0.0% 12 0.0%
17 18 15 (1) -5.6% 2 13.3% No. of Tenants 17 18 13 (1) -5.6% 4 33.5%
2,564 83.8% 2,661 87.1% 2,489 81.4% (97) -3.6% 75 3.0% Area Occupied (Sqm.) & Occupancy % 23,512 85.4% 24,067 87.5% 21,038 76.5% (555) -2.3% 2,473 11.8%
15.17 15.45 14.87 (0.27) -1.8% 0.30 2.0% Average Price per Sqm. (USD) 14.96 15.28 14.51 (0.32) -2.1% 0.45 3.1%
259,670 241,201 198,386 18,469 7.7% 61,284 30.9% Total Revenue (TORE) 2,362,730 2,149,485 1,735,481 213,245 9.9% 627,249 36.1%
Room Department
131,068 50.5% 116,108 48.1% 94,721 47.7% 14,960 12.9% 36,347 38.4% Room Revenue & % of TORE 1,137,509 48.1% 948,890 44.1% 752,539 43.4% 188,619 19.9% 384,970 51.2%
6,707 5.1% 6,927 6.0% 6,470 6.8% (220) -3.2% 237 3.7% Room Payroll/Rel & % of Rm Rev 66,239 5.8% 67,349 7.1% 63,900 8.5% (1,111) -1.6% 2,339 3.7%
8,741 6.7% 9,364 8.1% 7,649 8.1% (622) -6.6% 1,092 14.3% Room Other Exp & % of Rm Rev 86,707 7.6% 84,643 8.9% 71,836 9.5% 2,063 2.4% 14,870 20.7%
115,620 88.2% 99,817 86.0% 80,602 85.1% 15,803 15.8% 35,018 43.4% Room Profit & % of Rm Rev 984,564 86.6% 796,898 84.0% 616,804 82.0% 187,667 23.5% 367,760 59.6%
Food & Beverage
57,744 71.8% 53,322 74.2% 39,667 72.5% 4,422 8.3% 18,076 45.6% Food Rev & % of F&B Rev 587,315 75.1% 552,777 76.6% 457,395 77.9% 34,538 6.2% 129,920 28.4%
16,030 19.9% 16,076 22.4% 9,817 17.9% (46) -0.3% 6,213 63.3% Bev Rev & % of F&B Rev 156,549 20.0% 146,123 20.3% 110,240 18.8% 10,426 7.1% 46,309 42.0%
6,693 8.3% 2,422 3.4% 5,213 9.5% 4,270 176.3% 1,480 28.4% F&B Other Income & % of F&B Rev 38,527 4.9% 22,676 3.1% 19,839 3.4% 15,851 69.9% 18,688 94.2%
80,466 31.0% 71,820 29.8% 54,697 27.6% 8,646 12.0% 25,770 47.1% Total F&B Rev & % of TORE 782,391 33.1% 721,576 33.6% 587,474 33.9% 60,815 8.4% 194,917 33.2%
16,497 28.6% 17,687 33.2% 13,005 32.8% (1,190) -6.7% 3,491 26.8% Food Cost & % of Food Rev 190,857 32.5% 183,951 33.3% 149,533 32.7% 6,906 3.8% 41,324 27.6%
3,193 19.9% 3,557 22.1% 2,149 21.9% (364) -10.2% 1,043 48.5% Bev Cost & % of Bev Rev 33,425 21.4% 32,323 22.1% 24,331 22.1% 1,102 3.4% 9,094 37.4%
390 5.8% 535 22.1% 478 9.2% (144) -27.0% (87) -18.3% Other F&B Costs & % of F&B Other Inc 8,087 21.0% 4,756 21.0% 6,363 32.1% 3,331 70.0% 1,724 27.1%
20,079 25.0% 21,778 30.3% 15,632 28.6% (1,699) -7.8% 4,447 28.5% Total Costs & % of F&B Rev 232,369 29.7% 221,030 30.6% 180,227 30.7% 11,339 5.1% 52,142 28.9%
11,227 14.0% 12,279 17.1% 10,724 19.6% (1,052) -8.6% 503 4.7% F&B Payroll/Rel & % of F&B Rev 111,241 14.2% 117,498 16.3% 85,230 14.5% (6,257) -5.3% 26,011 30.5%
4,183 5.2% 4,746 6.6% 5,041 9.2% (563) -11.9% (858) -17.0% F&B Other Exp & % of F&B Rev 57,298 7.3% 50,204 7.0% 53,472 9.1% 7,094 14.1% 3,826 7.2%
44,977 55.9% 33,016 46.0% 23,299 42.6% 11,961 36.2% 21,677 93.0% F&B Profit & % of F&B Rev 381,483 48.8% 332,843 46.1% 268,545 45.7% 48,639 14.6% 112,938 42.1%
Other Operating Dept.
9,244 3.6% 12,179 5.0% 11,970 6.0% (2,935) -24.1% (2,726) -22.8% OOD Revenue & % of TORE 91,006 3.9% 111,300 5.2% 90,104 5.2% (20,294) -18.2% 902 1.0%
(298) -3.2% 1,242 10.2% 934 7.8% (1,540) -124.0% (1,232) -131.9% OOD Payroll/Rel & % of OOD Rev 8,241 9.1% 12,032 10.8% 8,588 9.5% (3,792) -31.5% (347) -4.0%
2,806 30.4% 3,782 31.1% 3,495 29.2% (976) -25.8% (690) -19.7% OOD Other Exp & % of OOD Rev 28,647 31.5% 35,862 32.2% 28,973 32.2% (7,215) -20.1% (326) -1.1%
6,736 72.9% 7,155 58.7% 7,541 63.0% (419) -5.8% (805) -10.7% OOD Profit & % of OOD Rev 54,119 59.5% 63,406 57.0% 52,543 58.3% (9,287) -14.6% 1,575 3.0%
Office Tower
38,891 15.0% 41,094 17.0% 36,998 18.6% (2,203) -5.4% 1,893 5.1% Office Tower Revenue & % of TORE 351,823 14.9% 367,718 17.1% 305,363 17.6% (15,895) -4.3% 46,460 15.2%
8,051 20.7% 7,571 18.4% 7,219 19.5% 479 6.3% 832 11.5% Office Tower Exp & % of Office Tower Rev 73,671 20.9% 72,219 19.6% 62,319 20.4% 1,453 2.0% 11,352 18.2%
30,841 79.3% 33,523 81.6% 29,779 80.5% (2,682) -8.0% 1,061 3.6% Office Tower Profit & % of Office Tower Rev 278,152 79.1% 295,500 80.4% 243,044 79.6% (17,348) -5.9% 35,108 14.4%
198,173 76.3% 173,511 71.9% 141,221 71.2% 24,662 14.2% 56,952 40.3% Income from Operating Depts. / % of TORE 1,698,317 71.9% 1,488,646 69.3% 1,180,936 68.0% 209,671 14.1% 517,381 43.8%
Administration Units
17,677 6.8% 17,102 7.1% 6,306 3.2% 575 3.4% 11,371 180.3% Adm Payroll/Rel & % of TORE 188,037 8.0% 170,631 7.9% 126,948 7.3% 17,406 10.2% 61,090 48.1%
9,739 3.8% 3,122 1.3% 2,964 1.5% 6,617 211.9% 6,775 228.5% Adm Other Exp & % of TORE 60,931 2.6% 35,214 1.6% 31,493 1.8% 25,716 73.0% 29,437 93.5%
27,417 10.6% 20,225 8.4% 9,271 4.7% 7,192 35.6% 18,146 195.7% Total Administrative & % of TORE 248,968 10.5% 205,845 9.6% 158,441 9.1% 43,122 20.9% 90,527 57.1%
3,303 1.3% 4,298 1.8% 6,536 3.3% (996) -23.2% (3,234) -49.5% S&M Payroll/Rel & % of TORE 29,755 1.3% 41,234 1.9% 26,684 1.5% (11,479) -27.8% 3,071 11.5%
1,166 0.4% 5,342 2.2% 6,073 3.1% (4,176) -78.2% (4,907) -80.8% S&M Other Exp & % of TORE 11,280 0.5% 34,473 1.6% 29,064 1.7% (23,193) -67.3% (17,785) -61.2%
4,469 1.7% 9,640 4.0% 12,610 6.4% (5,171) -53.6% (8,141) -64.6% Total Sale & Marketing & % of TORE 41,035 1.7% 75,707 3.5% 55,749 3.2% (34,672) -45.8% (14,714) -26.4%
1,147 0.4% 1,217 0.5% 1,015 0.5% (70) -5.8% 132 13.0% Human Resources Payroll/Rel & % of TORE 11,314 0.5% 11,764 0.5% 2,254 0.1% (450) -3.8% 9,060 401.9%
2,036 0.8% 550 0.2% 709 0.4% 1,486 270.5% 1,327 187.1% Human Resources Other Exp & % of TORE 9,183 0.4% 5,480 0.3% 2,589 0.1% 3,703 67.6% 6,594 254.8%
3,183 1.2% 1,767 0.7% 1,724 0.9% 1,416 80.2% 1,459 84.6% Total Human Resources & % of TORE 20,497 0.9% 17,244 0.8% 4,843 0.3% 3,253 18.9% 15,654 323.2%
2,504 1.0% 2,244 0.9% 2,312 1.2% 260 11.6% 191 8.3% Security Payroll/Rel & % of TORE 21,526 0.9% 21,790 1.0% 17,269 1.0% (264) -1.2% 4,256 24.6%
64 0.0% 70 0.0% 114 0.1% (6) -8.6% (50) -43.8% Security Other Exp & % of TORE 1,662 0.1% 1,011 0.0% 738 0.0% 651 64.4% 924 125.2%
2,568 1.0% 2,314 1.0% 2,426 1.2% 254 11.0% 141 5.8% Total Security & % of TORE 23,188 1.0% 22,801 1.1% 18,008 1.0% 387 1.7% 5,181 28.8%
2,731 1.1% 2,752 1.1% 2,593 1.3% (21) -0.8% 138 5.3% POMEC Payroll/Rel & % of TORE 26,319 1.1% 26,633 1.2% 22,914 1.3% (314) -1.2% 3,404 14.9%
5,609 2.2% 5,186 2.1% 5,466 2.8% 424 8.2% 143 2.6% POMEC Other Exp & % of TORE 49,024 2.1% 57,447 2.7% 60,572 3.5% (8,423) -14.7% (11,549) -19.1%
15,638 6.0% 15,600 6.5% 14,543 7.3% 38 0.2% 1,095 7.5% Energy Cost & % of TORE 134,876 5.7% 131,879 6.1% 113,598 6.5% 2,997 2.3% 21,277 18.7%
23,979 9.2% 23,538 9.8% 22,602 11.4% 441 1.9% 1,376 6.1% Total POMEC & % of TORE 210,218 8.9% 215,959 10.0% 197,085 11.4% (5,740) -2.7% 13,133 6.7%
4,701 1.8% 4,708 2.0% 2,911 1.5% (7) -0.1% 1,789 61.5% Joint Venture Payroll/Rel & % of TORE 48,627 2.1% 48,462 2.3% 27,932 1.6% 165 0.3% 20,695 74.1%
2,442 0.9% 2,263 0.9% 2,080 1.0% 179 7.9% 362 17.4% Joint Venture Other Exp & % of TORE 21,931 0.9% 23,363 1.1% 21,230 1.2% (1,432) -6.1% 701 3.3%
7,143 2.8% 6,971 2.9% 4,992 2.5% 172 2.5% 2,151 43.1% Total Joint Venture & % of TORE 70,558 3.0% 71,825 3.3% 49,162 2.8% (1,267) -1.8% 21,396 43.5%
32,063 12.3% 32,322 13.4% 21,675 10.9% (259) -0.8% 10,388 47.9% A&G Payroll/Rel & % of TORE 325,578 13.8% 320,514 14.9% 224,001 12.9% 5,064 1.6% 101,576 45.3%
21,056 8.1% 16,532 6.9% 17,407 8.8% 4,524 27.4% 3,649 21.0% A&G Other Exp & % of TORE 154,011 6.5% 156,989 7.3% 145,687 8.4% (2,978) -1.9% 8,324 5.7%
68,757 26.5% 64,454 26.7% 53,625 27.0% 4,304 6.7% 15,133 28.2% Total A&G & % of TORE 614,464 26.0% 609,382 28.4% 483,287 27.8% 5,083 0.8% 131,177 27.1%
129,416 49.8% 109,057 45.2% 87,596 44.2% 20,359 18.7% 41,820 47.7% GOP & % of TORE 1,083,853 45.9% 879,265 40.9% 697,650 40.2% 204,589 23.3% 386,204 55.4%
Non - Operating Expenses
12,873 5.0% 10,603 4.4% 8,252 4.2% 2,270 21.4% 4,621 56.0% Incevtive & Management Fee & % of TORE 110,295 4.7% 88,083 4.1% 68,904 4.0% 22,212 25.2% 41,391 60.1%
26,243 10.1% 26,618 11.0% 27,075 13.6% (375) -1.4% (832) -3.1% Depreciation & Amortization & % of TORE 237,344 10.0% 240,453 11.2% 241,701 13.9% (3,108) -1.3% (4,357) -1.8%
700 0.3% 699 0.3% 700 0.4% 1 0.1% (0) 0.0% Insurance & % of TORE 6,551 0.3% 6,295 0.3% 8,063 0.5% 257 4.1% (1,512) -18.8%
2,601 1.0% 7,550 3.1% 6,488 3.3% (4,948) -65.5% (3,887) -59.9% Others & % of TORE 55,326 2.3% 67,881 3.2% 66,459 3.8% (12,554) -18.5% (11,132) -16.8%
42,417 16.3% 45,470 18.9% 42,516 21.4% (3,052) -6.7% (98) -0.2% Total Non - Operating Exps & % of TORE 409,516 17.3% 402,711 18.7% 385,127 22.2% 6,806 1.7% 24,390 6.3%
86,999 33.5% 63,588 26.4% 45,080 22.7% 23,411 36.8% 41,918 93.0% Profit Before Interest & % of TORE 674,337 28.5% 476,554 22.2% 312,523 18.0% 197,783 41.5% 361,814 115.8%
59,802 23.0% 53,332 22.1% 55,397 27.9% 6,471 12.1% 4,405 8.0% Interest * & % of TORE 551,907 23.4% 495,203 23.0% 487,577 28.1% 56,704 11.5% 64,330 13.2%
27,196 10.5% 10,256 4.3% (10,317) -5.2% 16,940 165.2% 37,513 -363.6% Profit Before Tax & % of TORE 122,429 5.2% (18,649) -0.9% (175,054) -10.1% 141,079 -756.5% 297,484 -169.9%
0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% Corporate Tax - 25 % & % of TORE 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0%
27,196 10.5% 10,256 4.3% (10,317) -5.2% 16,940 165.2% 37,513 -363.6% Profit After Tax & % of TORE 122,429 5.2% (18,649) -0.9% (175,054) -10.1% 141,079 -756.5% 297,484 -169.9%

0.00 0.00 (0.00) 0.00 0.00 0.00

Harbour View Hotel, Haiphong
Report No. O : P&L - Security Department

For Ending 30 September 2007 USD --> 16,200 VND

YTD YTD YTD SEP SEP

2007 2007 2006 2006 2007 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Description Actual Budget Actual Actual Budget
Expenses :
Saraly & Wages 11,408.21 11,745.00 9,067.16 1,038.84 1,305.00 597.36 1,246.07 1,955.82 1,338.22 1,252.16 1,254.34 1,245.85 1,258.84 1,259.57 - - -
Staff Benefit 10,117.55 10,044.89 8,202.23 1,273.59 939.03 2,590.65 614.19 509.79 1,201.55 1,039.37 1,009.64 1,043.33 864.74 1,244.30 - - -
Total Labour Costs 21,525.77 21,789.89 17,269.40 2,312.43 2,244.03 3,188.01 1,860.26 2,465.60 2,539.76 2,291.53 2,263.98 2,289.18 2,123.57 2,503.87 - - -
Printing & Stationary 488.92 445.44 448.13 42.59 50.03 66.48 22.43 74.67 68.73 76.92 19.55 78.72 55.65 25.77 - - -
Photocopy Charges - - - - - - - - - - - - - - - - -
Telephone 113.14 180.00 215.37 31.27 20.00 15.46 16.17 11.61 11.19 13.32 12.41 14.18 11.32 7.47 - - -
Dues & Subscription - - - - - - - - - - - - - - - - -
Travelling Expenses - - - - - - - - - - - - - - - - -
Uniform 616.30 385.50 - - - 572.84 - - 43.46 - - - - - - - -
Uniform Cleaning - - - - - - - - - - - - - - - - -
Training Expenses 150.90 - 19.88 - - - - - - 32.72 108.64 - - 9.54 - - -
Miscellaneous 293.17 - 54.86 40.13 - 45.37 14.03 19.75 13.21 12.44 5.56 128.21 33.37 21.24 - - -
Total Other Expenses 1,662.43 1,010.94 738.25 113.98 70.03 700.15 52.63 106.04 136.59 135.40 146.16 221.11 100.33 64.01 - - -
Departmental Expenses 23,188.20 22,800.83 18,007.65 2,426.41 2,314.06 3,888.16 1,912.90 2,571.64 2,676.35 2,426.92 2,410.14 2,510.29 2,223.91 2,567.89 - - -

Statistics
% Dept. Exps to GOR 1.15% 1.28% 1.26% 1.50% 1.16% 1.63% 0.92% 0.84% 1.06% 1.16% 1.40% 1.22% 1.12% 1.16% #DIV/0! #DIV/0! #DIV/0!
% Dept. Labour C to GOR 1.07% 1.22% 1.21% 1.43% 1.12% 1.33% 0.90% 0.81% 1.00% 1.10% 1.31% 1.11% 1.07% 1.13% #DIV/0! #DIV/0! #DIV/0!

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