ie |vhat wb wate ‘oy Lustit ” pos —Qooduwith rcoms “Hae cote value crttachedl to Fine Lourie over omol dloove “the uitbunsic value rr ~hik's ok ose. Totes woods, it Js val oy (tepedadion on goed nau q the busims [or] Bra aartay - asset Com asset -that’s men - pafical out =toum value) which oust usher another cea cutqyrirucs co. _Antwe business Laos a Cae log nnn Hoke 0}, fen! | Motananl worth 9 satis suaftrs to the ote y wlvich dnwuslot sun gxouscol eacpeet en. tate Be eek teat: ciibi poscticulos. type chaluAstay Et votes, ; pcioe ups qenuscol fi factions dike erenene comolitiens ae cuctots Uke Priel q onzonth., so -the Sinvestmont tte. iS We om at geoctucel” { Pxo}t ot Apo prot} fit «Te pode _tonceae coverings eg a pe no gluse ial eoccuss prop 4 ae Bee ousiwss {oth osxnect lp Su 4ae. a netumal profit Supe pao = Adjusted jutiage poayit — Nowak prot Te 5. toe the dit blue jwoumal props 4 buper Pi — Ape ‘teas No tuwal —__%_ A notumal. Profit oncomns on | paca ais te och 9 : feunn's Mentoute Jus ecxouctly: lestienatial thw pk tom = . SAN a dtoidh cost — ne neivmal pwn. z= A lourintss make o cormal Super profit occusd uch a E pret uhh ceoneouclus enoig|Conan pony eos Drpte. mony, q _ bn cuncennt 40 loud ts costa Ham wit bpemnds_en. tapi. = -Fovumuiho. NP= Avg Capitol Forumer 1 SP = Alpusteal - Ss X Netunnodk Route, at — Notunal Prot. "a os int th — 2 tceuunathcuaes paseersictaliong =the. valuatie il O,G.lw a a din Cote. bole. TradingProtas 2018-20 | Fo,000 pom 60,000 | 2021-22.) +5000 | 3 tips dor0-21, the ‘ Seance lang §, ‘Coktwhat Hen vil 9 Fal gg oe pmmen: 8 ge Dol9 -20 2020-21 | 2021-22 0,000 | 60,000 | 45,000 Collation 0, Adjusted Proket Pests ula’ ‘| Sooo = _ Fine Bue [60.000 | 65000 | 40,000 wie _ Prods dia Pucdiuct ne 130,000 {210,000 TTP 3,9. 0,000 ésocie a| he Auisige Coupitale ta prlo |. = €G,00,000 lente ode, Pre Locls a Skeets Colisation. % Adjutect Ararioge Prunht = 55000 (haven) Atp2: Caloulcitien Avsbeoge Gapitok Emngloyc! i = §.00,000 (hyiutar] LAtep3ic ColuLatien —o Nothonad Paeofe _ Notumaake Prat = Averoge Copstal Emnplayd & RR 600,000 ¥ 10% paiks bockinwy 2o°2% biti ios 1,00, 00 1, 00,00 © __Aip0,000 00,000,: [Adouitimnal Tojpmencdiuon | Nek prod often tomctiem. 31.018 - F1,30,000 fine loonohmal La 9 F 6,000) ies _2o1- F 1,25,000 ; 2020 ~ F1,50,000 Wer = 15% [Cusiscenit oottt Over Ho Ine -bouRemn cub F 41,50 000 _| Axcescttuinn the vakiacr Erle tangle Sys purchase. Ainnsple cuted owe prtcfita 5 yrs 9 purrchese a Guper praia a oe eogiall Ops Arnis ahs parity. joc” g ms ier i. i) Qs 2.2832. 2 Ske Adtjurrted Avg Ay Piglets CoL Cul ation 9 Aili. Pat Chscti rutin 2018 | 2014 1 202° 30,000 | 425,000 | 1,9 0,000 _ IE) Al nosunck Lets _| 0, be Pale Oder —fuuchuctinsg i it bt = Note: A 1 —Mo 9) yas Dy46.p00+Fl.2 150,000 ap D - Be ee 7+ OO EE b.000 ‘3. Caginl Employd. = 2,009,000 | 1,00,000| [00,000} | 400.08 _ 450,000) 1, 00,000 Q,00,000ost Motmol Prtfet 000 - “ 31250 nd =m Methad ete\ ce \" + la lurid wos Anorloble jon Aad & ut hod Jeomeed.teapo.ato}ih ith —prab i ww |\2909-- BE *A10,000} Lolo ~ Be 6,90,0005 2011 - & +,50,0003 Doi = Zt20000. The bus woh managed by “the piupiuictor chins} 6 Soe Could hawt soecned — | E1,20p00 cach yh_furram atioonals. job, nt F engageds sin thurman a6 Gl te a | Nguaiows louseok_ern_2. yr purchase. % the Aimple lng, rat pr gts previo oun He yh. =| Skol- -| Rostticrlosa | 2004 Lolo Qoil did ‘e. -| 4 _|++10,000 |e.a0000_|+.50~00_+,20,000 1,210,000 | 120,000 120,000 _|1,20,000 820,000 |8,10,000 BA0000_|890,000 io yo = _s £30,000 +8,50,000 A 43,60,000 = BA 0,000 3360.00 _= ofc X Neg yinw 9 puachae = 8Ho,000 X2 : ah = + 16,90,000 3 the glu. business Comsdtol on by Mk sumae L.33,000% 83.000, 2011 ~ 3 5,83,p00,__— pod Lots Heduceol by [6,000| mn. .keowwatO, goocls destroyed wa. Arenal - occidental jiu —sLn.the loubyaresh Tine acre yf prokt alo_dnelududl comual phatem.e- OF! 4,000 bh) The projet 9 the. 2010 wok Uinesvo4ed. by 0,000 en_Orrour o ntioest Hueco ven on. 0) Te tury derezcledh “Hae the lowubane’s laos tor a insecused in. pulse at com anninok prssdicreisuc —__l% =,006- dl) | Rraseralde siemuunessocfuers hod. bole paouicldl + _{rifae, fou at 2 96.000 0. _P ot OT sagittis toe. Bes En aa q3 % thy a erage prot Othe tee eyelet 3,000 43,0 ____ 18,00 | 5.91000 9 33,0005, 5 Ee . =: 16,000 2 = = Pe WH Be acl¢eeo)} > = = E a 533,006 5.93.00 983.000 5,83 ccer4:33,000 eee ee Cio.c0n)) = 000 |5,93,000 5,743,000 93 3.00048 . oe Hooe) (ooo) Froce) ocq ee || > A+ 30,000 2,000 + : 1 o6 foot RAistecos te 80,006 +3 20 000 us ig ; 2 6 po D0 a i AAP= 460000 fe Ske3'- Coludection 9, Glus tundlun Avg Prokit ethedd fo |G Iw Aveenge Propet * No Of years 4 Perchase ; oo = 450,000 _X 3 g | is 2 13,50,000 tote: As tte capita ’ | a Aon eg - i The met Profs go. _lausinaass Ke the post fp Ose F $0000, Fst o00, F An00, F 4,000 £ AIP, er pectively. The Capitol A ynrtinn lau birwss ut . ate aan com Oy tang capital umpley bed Tt MA ecicepied thot tine Comeomy usb loc Pde to mamintnin its SP jem the newt fue yer. Muto Sok Gio en loosiA OF i YS oe punchase 9, SP lan iy >, SP [pu a ae a ee te Sat Clot/e is e345) Gladation — * en Asxnoge Peni Pinte OA tae excl! ti eng oo a eT BNO Ons Ihe ‘ , 4 | eeSep rie Noluction 9, Glu z= Arimoge. Capital. earn ployed a |= $0,900 CEnivers) _ —___Atep2.- Collation .worenal. Pied a —___, Mirsumo Paohit = Ang Capitol, complained. NRe —_ = 4 id ¢ = 800,000 KIO -_— =_.80,00 o _—" i Super. Peoft =_ Spe Be Ad et. me * = Nesral Poot Le - 80,000lon the boris 5 ys _punchase Super pre Coprraliqation 9, Super erate macthod cnethod [pu araudstiq 9, El fh Sys a 3Ao,00e A, !ooe 440000 _ 430,000 [IAB.000) Clrédvee) (1, 460e0) (HD 6 2b oe _2,53,00 wpe_Avg 5 clk pirienn tye 10,00, 00¢ 3, 90, oc 44,59 00612 sega ae _ 2 cunyettid 0 burr E 12,00,0% = Hanne Ouma. louaivanss whit ub Nttiy pickle. Gre 7 we ie Goes coil projet coseredl pon hitas loukins Uh —_|FE2,40.00 which induidled . 0. aa SE AD000 Huey vi Sect tay cal tebe nihil in ——depoaids od _pod pd Sys ot Notle wibiest £ ea itd aha eaten ae ee _oltin notiunt tonnplogrnert pe Newnes i tection Ho. sine ewwrenrereer eee f a Aiepatc Casslatism —QAdjusiel Pcp —__ Puscicu lass | CAo,000) (23,800) Arends, 42,00,000Equity Nhores 9g Elocadh| 250,000, Ficcerd Bs |2.,cq000 NGerusal Reserack | £.00,000| TraeskrrentA [Pook § Los Alo | 80,000 |(5 Je govt Rambes J , ¢ ih. 510,000 A 50000 ! ton ottien { O19 = 745.000; Loib-2 Spo" nolt —F +5000: a }iimtunial Rocke 9, Refupun is lo%/e Cision OMe oe to loc +o ak % 2,10,.000 toin the valu. 9 Glo Under bs Na ae é Supe ps Se ae nt enone fae mss a pee spon moira os 3.48 - Caltufa 3 cae ec pie id Oth Grate YK . (pose aE aS 000 No: 350,000 s See toda Captol Em plagd 36.25. |i Vag Cusvennt_prokt [, sees] Dies F (42.,500¥ 4J ql . Seine capil Ses plage ai tsp 2% Calculation a ape aid. x Netumal Rabe 9 Ria, bP A to) Eing Ne ee ss — = | = 3B - = lain wn Profit = Beta aus = a < Coluslatina 9, Gli