Paperwork TIF Yapiem

TEKNO INTEGRATED FARM SDN. BHD.
(TIF)
LIVESTOCK TOTAL SUPPLY CHAINS
‘ECONOMY OF SCALE, COMPETIITIVE &

INTEGRATED’
PREPARED BY:
TEKNO INTEGRATED FARM SDN BHD (692783W)
TIF.SOFbief 1/22
EXECUTIVE SUMMARY
Tekno Integrated Farm Sdn Bhd (TIF) is in parallel with the government’s vision to develop a
sustainable agriculture industries especially in the livestock sector which promises a positive
future for the nations. TIF have proven its capabilities and capacities in the livestock sector
through its operation efficiencies and management effectiveness for a medium scale
operation. Hence, it is timely for TIF to expand both of its core and commercials values in
the industry for a long term purposes.
TIF firmly believes that, with a proper management and strategies including total supply
chains approach, a capital injection of RM30 millions will be the key enabler for TIF to be
competitive and also becoming one of the main players in the livestock sector. In addition,
the total industry worth more than RM4 billions and the national self-sufficient is less than
30%. Furthermore, there is plenty of opportunities for TIF to explore and capitalize in the
future to come.
With more than 10 years experience involves in the agriculture industries particularly in
the livestock, TIF is confident that the sector has a chance to expand more. The growth of the
world population, the climate change that have reduced the food productions and the
demand for more food supplies by the ASEAN States and China shows how important the
sector is and the opportunities to be tapped.
To be more competitive and sustainable, company’s expansion needs a capital investment

which will enable to run the business in a total supply chains environment. The advantages
of having a strong capital is it will allows the company to expand their business portfolio
that can lead to lock the livestock price/numbers in advance, and at the same time helping
the company to avoid the speculation/currency uncertainty over the price of the animal. TIF
also believed that it is recommended to have a long term charter for a shiping services of
livestock especially with the key player industries that taken place between Darwin,
Australia to Port Klang/Pasir Gudang, Malaysia with the capacities of 3,000 – 5,000 animal
per shipment. By doing this, it will help to determine the total cost per kilogram of animal
imported to Malaysia.
For an example, the charter rate for a ship with 3,000 animal capacities is assumed to be at
RM1 million while a charter rate for a ship with 5,000 animal capacities is assumed be at
RM1.2 million. According to the weight in kilogram, the transportation cost will be at
RM0.83 per kg and RM0.60 per kg respectively. As a result, it is very important for the
company to ensure that the business import activities of the livestock in a large scale
number remains competitive and affordable for the market.
TIF.SOFbief 2/22
Taking all factor into consideration, TIF truely believed that based on the proposal which is
the capital injection will be in a form of long term revolving loan, it can be shown the
forecast of the financial outlays for the company for the Year 1 to Year 5 as follows:-
Revenue contribution based on business segmentation

(RM)
RM 700,000,000
RM 600,000,000
RM 500,000,000
RM 400,000,000
RM 300,000,000
RM 200,000,000
RM 100,000,000
RM 00
Yr 1 Yr 2 Yr 3 Yr 4 Yr 5
Frozen RM 9,900,00 RM 20,790,0 RM 43,659,0 RM 91,683,9 RM 192,536,
Goat RM 5,250,00 RM 17,640,0 RM 27,783,0 RM 38,896,2 RM 51,051,2
Cattle RM 85,337,2 RM 219,088, RM 265,764, RM 313,934, RM 366,256,
Based on the above financial forecast, the financial ratios including the internal rate of
return and the return on investment is as follows:-
Details (RM) Year 1 Year 2 Year 3 Year 4 Year 5

Revenues 100,487,280 257,518,800 337,206,240 444,514,109 609,843,796
Direct costs 91,914,985 187,092,559 238,527,014 310,051,617 455,767,357
EBITDA 6,751,867 68,579,480 96,805,032 132,559,717 152,128,885
Net Margin 5% 20% 21% 22% 19%
ROI (%) 8.88% 202.91% 476.90% 852.19% 1282.94%
IRR (%) 8.91% 74.04% 79.35% 75.66% 69.11%
TIF 2ndfinancial year of its operation, shows a significant growth in the revenues earn and
EBITDA. In addition, TIF is expecting to increase and double up its trading activities
including venturing into several ASEAN market (Thailand/Vietnam/Indonesia) as an
exporter (trader) and shiping services provider.
Finally, TIF hopes to revitalize the livestock sector and as a result it can change the
misperception of the industry as a whole. At the same time, the company is honoured to be
part of the contributer to the country’s GDP and at the same time reduce its import bill in
long run.
TIF.SOFbief 3/22
1,0 PROJECT FEASIBILITY
1.1 Agriculture and livestock sector, particularly in 2013 have shown positive
development, contributing 10.4% of Malaysia’s GDP (Gross Domestic Product). This facts
support the view that the demand for livestock products is continue to increase based on the
growth of the Malaysian population.
1.2 Statistic on import / export of livestock for the year 2013 provided by the
Department of Veterinary Services (DVS) shown more than 100,000 cows imported to the
value of RM300 million for the purpose of slaughter while imports of frozen meat was
123,000 metric tons with a value exceeding RM1.5 billion. Malaysia recorded a production
of 54,000 metric tons including the slaughtering of imported livestock. It is strongly
believed that the meat production by Malaysia can be said is about 25% - 30% self-
sufficient. The demand projected in 2013 was 201,000 metric tons for beef and 28,000
matric tons for mutton respectively.
1.3 The main players in the livestock market as follows:-
Australian Livestock Exporter Ranking Mode
i. Wellard; -1 - Sea
ii. Elders; -2 - Sea / Air (goat/sheep)
iii. Austrex; and -3 - Sea
iv. Frontier; -4 - Sea
v. HLG - Nil - Air (based in Adelaide)
Malaysian Livestock Importer Market Shares (%) [RM300 – RM500mil]
i. Kamran Sdn Bhd; - 60%

ii. Hj. Abdul Razak; - 25%
iii. Kulim Livestock; and -2.5%
iv. Felcra Livestock; -2.5%
Malaysian Frozen Meat Importer Market Shares (%) [RM1.0 – RM1.5bil]
i. Pok Brothers; - 50%

ii. Lucky Frozen; - 20%
iii. Unifrozen; and - 10%
iv. Lee’s Frozen - 10%
TIF.SOFbief 4/22
1.4 According to the domestic production and forecasted demands, there is still a wide
gap that need to be filled up, 150,000 metric tons of beef and 24,000 metric tons of mutton
at the estimated values of RM2.6 billion. (Economic & Social Science Centre, MARDI -29th July 2015)
2.0 BUSINESS MODEL
2.1 SWOT Analysis
STRENGTH WEAKNESS
Infrastructure – Feedlot/Fodder areas Unoptimization/Unutilization of Facilities
Capabilities/Know How Lack of Modern Equipments/Automation
Existing Market Low Volumes/Production
OPPORTUNITY THREAT
Huge Market Demand (RM4bil) Foreign Currency Exchange Fluctuation
Subsituition for Importation (RM3bil) Exportation Restriction (Ex:Ban from Aust.)
Trending (Demand on Premium Meat) Speculation Price/High Freight Cost (ship)
2.2 Based on the strengths and opportunities identified by the SWOT Analysis, the
livestock projects which has been proposed by Tekno Integrated Farm Sdn.Bhd. (TIF)
comprising of total supply chains activities as follows: -
Phase 1
i. cattle fattening;
ii. sheep fattening;and
iii. meat processing.
Phase 2
i. integrated cattle breeding;
ii. dairy cattle breeding;
iii. sheep breeding;
iv. cold supply chains; and
v. operating a livestock carrier.
TIF.SOFbief 5/22
Breeding
End
Fattening
Products
Total
Supply
Chains
Animal Feed Meat
Processing Processing
By Product
Processing
i. Backward integration (upstream)
 Cattle Breeding;
 Dairy Cattle Breeding;
 Goat/Sheep Breeding;
ii. Core business
 Cattle Fattening;
 Goat/Sheep Fattening;
ii. Forward integration (downstream)
 Meat Processing; and
 Cold Supply Chain/Grill Bar Franchise
2.3 The cattle fattening (phase I) has been proposed to be carried out at DVS satellite
farms, located in Kg.Jerang, Jelebu Negeri Sembilan which currently being operated by TIF.
The farm basically has been equiped with basic infrastructure including fodder cultivation
TIF.SOFbief 6/22
area for the feed production. Fattening is and activity which livestocks were purchased on a
smaller size / lighter weight at a certain price before the livestock is resold at a heavier
weight at higher price. In this context, livestock are kept for a certain period of time for the
purpose of fattening and gaining heavier weight with minimal operational cost. This activity
also can be interpreted as a value added process to the cattle.
2.4 Breeding on the other hand (phase II) is a complementary activity to the fattening of
livestock which later on will support fattening activity by providing the feeder cattle. The
project proposal is to breed and integrate the animal in the oil palm plantations/free grazing
areas to certain tenure. Ministry of Agriculture and Agro-based Industry (MOA) at the same
time offering support and incentives under PP5, National Key Economy Area for cattle
breeding integrated within oil palm area. The incentives offered by MOA is a reimbusement
of the cattle investment 1:3 made by the company. However, the company need to fulfill
certain requirements set by MOA, and several company that succeeded in getting the
assistance were Felda, Kulim and Felcra. In this context, breeding offers:-
i. alternative source of supply other than Australia (with less transportation cost);
ii. reduce foreign currency exchange fluctuation;and
iii. reduce price speculation risk by exporter.
2.5 Apart from the breeding activities, for the sustainability purpose of current business
model, TIF will establish a fodder cultivation area in mass. This is for the purpose of
reducing the feed costs which contributed up to70% of the total cost of operations. Among
others, TIF is suggesting of planting cash crops (sweat corn) which can be harvested within
70-120 days. At the same time, this project also can be implemented on the contract
farming basis with the local entrepreneurs within 30 kilometer radius from the farm. Crops
planting may add commercial values compared to plant grass. The proposed contract
farming scheme indirectly will encourage the cultivation of corn on small and medium (1-2
acres) land reserve.
2.6 Therefore, strategic planning and operating as total supply chains environment can
be seen as the key factor to the success of the business. To ensure this business remain
competitive and viable, TIF is expected a capital injection amounting to RM100 million
within 5 years to cater both Phase 1 (RM30 mil) and Phase 2 (RM70mil). This capital mainly
to be used to improve the existing facilities, purchase of stock (cattle feeder / breeder) in a
large number and also for the company’s working capital stability.
TIF.SOFbief 7/22
2.7 Work Flow Chart [Export Station to Meatshop]
Cattle
selection in
Export
Arrived in
Station Port Klang
HOT SELLING
48 hours to (trading) Meatshop
clear
Documentation
by the Australian
Veterinary Voyage Balance to
Authority 7 days bring back to Abbatoir
Jelebu
2.8 Work Flow [Fattening to Products]
Live
Cattle
Cattle arrived Fatten for

at Jelebu 100 - 120 Processed
Farm days Carcass
Special
Cuts
TIF.SOFbief 8/22
3.0 FACILITIES
The facilities operate by TIF currently as follows:-
Bil. COMPONENTS SPECIFICATION
1. Land acreage – 120 acres  Feedlot/shades (4 units)

 Tube well
 Fully fenced
2. Feedlot Capacity  2,000 - 2,500 animal at a time
 Up to 4,000 animal (with modification)
3. Uniqueness (Sustainability)  Corn as crops and corn stalks as feed
 Napier grass as feed (planted in mass)
TIF.SOFbief 9/22
TIF.SOFbief 10/22
TIF.SOFbief 11/22
4.0 PRODUCTS
4.1 Basically, reflecting to the Phase 1 project involving cattle fatttening, sheep fattening
and meat processing, TIF is offering 3 main products to our clients as follows:-
No. Animal Cost Price Live (60%) Carcass (35%) Special Cuts (5%)
1. Cattle (420kg) RM4,326 RM4,536 RM5,082 RM6,079
2. Sheep (35kg) RM430 RM500 RM551 RM650
4.2 Ideally, the selling strategies can be classified as selling fast (live animal, less operational
costs), selling at fair profit margin (carcass, competitive margin) and selling to the niche market
(special cuts, premium price). However, the volumes/market shares would be different and the
largest market shares (live animal – 60%) and practical way is to sell the cattle by selling it live
compared to other forms. TIF is also heavily supplying processed carcass to the wet market
while at the same time these carcasses also can be cut into several parts which known as
american cuts / special cuts that differentiate the quality and the price of the meat. However,
need to be mindful of the market shares for the special cuts is niche and dedicated.
Simulation profit special cuts meat as follows: -
No. Parts Percentage @ 189.5kg Wholesale Price

1. Chuck 28% RM27/kg
(53kg) RM1,431
2. Brisket 5% RM24/kg
(9.4kg) RM225
3. Shank 3% RM24/kg
(5.5kg) RM132
4. RibEye 12% RM39/kg
(22kg) RM858
5. Plate(Short ribs) 6% RM24/kg
(11kg) RM264
6. Short Loin(T-Bone Steak) 9% RM42/kg
(17kg) RM714
7. Sirloin(Sirloin / Terderloin) 7% RM45/kg
(13kg) RM585
8. Flank(Short ribs) 5% RM24/kg
TIF.SOFbief 12/22
(9.4kg) RM225
9. Round(rump roast) 25% RM35/kg

(47kg) RM1,645
Number 100% @ 189.5kg RM6,079
*market price surveyed as of 11th Dec 2015
TIF.SOFbief 13/22
5.0 MARKETING PLAN
5.1 Basically, TIF has existing customers base for live animal in several regions such as
Northern, East Coast and the Southern. However for the processed carcass, TIF intended to
concentrate more in high density population areas such as the Klang Valley / Johor Bahru /
Penang. The proposed business model on distribution is as follows: -
5.2 Wholesale distributions are expected to contribute up to 70% of TIF annual sales. The
wholesale modelling will be as below:-
i. Central/Southern Region Distribution Centre, : -
 live animals (Jelebu);

 processed carcass (ex-abattoir) (Jelebu);and
 frozen meat (beef/mutton/lamb)(Ampang).
ii. Appointment of agents / retailer (live animal/processed carcass/frozen meat)
 to increase the market shares;and

 to reduce operating costs (transport etc).
iii. Franchise Outlet
 operate / fund by third party company / individuals

 TIF may generate additional revenues from franchise fees/contract supplies.
5.3 TIF existing/potential market can be described as follows:-
i. Live Animal
No. Company/Individual Volumes/Month Areas/Region

1. JB Agri Sdn Bhd 100 heads JB
2. Musa Khalid 30 heads Benut
3. PB Agro 30 heads Batu Pahat
4. Nik Hakimi 300 heads Tanah Merah, Kelantan
5. Azman 30 heads Terengganu
Total 490 heads
TIF.SOFbief 14/22
ii. Processed Carcass

1. Zubir 40 heads Ampangan, Neg. Sembilan
2. Hj. Fadil 20 heads Pasar Pudu, KL
3. Yeop 24 heads Trader, KL
4. Kundur Farm 70 heads AEON/TESCO, KL
5. Jelita Emas 30 heads Traders, Seremban/KL
Total 184 heads
iii. Special Cuts

1. Kundur Farm 10 heads AEON/TESCO, KL
2. Yeop 10 heads Trader, KL
3. Santan Green 10 heads Trader, Selangor/KL
4. Menate Restaurant 10 heads KL. Stapak, Ampang
Total 40 heads
TIF.SOFbief 15/22
6.0 FINANCIAL FORECAST
6.1 The financial forecast for Year 1 to Year 5 based on the assumptions as follows:-
i. Selling of 9,000 heads of live cattle (60%) while carcass (40%);

ii. Trading 8,000 heads of live cattle to interested parties not involving fattening;
iv. Selling of 7,500 heads live sheep and goat; and
v. Trading frozen Australian beef (120 tons), Indian buffalo (240 tons) and
Australian mutton/lamb (240 tons).
6.2 CATTLE FATTENING
START-UP COST:
NO. PARAMETRES COSTS (RM)

A. CAPITAL EXPENDITURE
1. Infrastructure/equipment upgrading (Jelebu)
 Feedlot upgrading/repairs 300,000
 Purchasing of Tractor/Lori/feed wagon/skid loader 1,280,000
 Purchasing of Forage Harvester (Gemas – 1 unit) 150,000
 Purchasing of Chopper (heavy duty)(2 operation) (2 standby) 200,000
2. Abattoir upgrading (Jelebu)
 Installation of refer container/cold room 100,000
 Purchasing of machineries: Bone cutter/vacuum sealer/slicer 100,000
3. Fodder cultivation (1,000 acres – multiple land plots) 300,000
2,430,000
B. OPERATIONAL EXPENDITURE
1. Purchasing of inventories (feeder cattle/sheep)
 Feeder cattle [RM10.7/kg x 380kg x 5,000 heads] 20,330,000
 Sheep [RM600 x 2,500 heads] 1,500,000
2. Animal feeds (PKC)/napier grass/corn stalks/mineral/vitamins
 Cattle (4 months) [RM4.60 x 5,000 x 30 days x 4 months] 2,760,000
 Sheep (2 months) [RM0.40 x 2,500 x 60 days] 60,000
3. Salary: Labor 14 person x RM1,200 x 4 months 67,200
4. Administration/veterinary/security/insurance/transports 350,000
25,067,200
TOTAL 27,497,200
TIF.SOFbief 16/22
6.3 SALES CYCLE ON CATTLE/SHEEP
Months 1 2 3 4 5 6 7 8 9 10 11 12
st
Initial weight1 350 350 350 350 350 350 350 350 350 350 350 350
nd
(kg)2 410 410 410 410 410 410 410 410 410 410 410 410
Days of fattening 30 60 90 120 30 60 90 120 30 60 90 120
Weight gained
(1.2kg/ day) 20 57 93 129 20 57 93 129 20 57 93 129
Final weight (kg) 370 406 442 478 370 406 442 478 370 406 442 478
430 466 502 538 430 466 502 538 430 466 502 538
Average weight 400 436 472 508 400 436 472 508 400 436 472 508
Cattle
 Entry 3,000 - - 3,000 - - - 3,000 - - - 3,000
 Output 800 800 800 600 800 800 800 600 800 800 800 600
Sheep
 Entry 2,500 - - - 2,500 - - - 2,500 - - -
 Output 1,000 500 500 500 1,000 500 500 500 1,000 500 500 500
CASH FLOW (RM)
Sales (‘000)
 Cattle (trade) 8,512 - - 8,512 - - - 8,512 - - - 8,512
 Cattle (live) 2150 2343 2537 2048 2150 2343 2537 2048 2150 2343 2537 2048
 Cattle (carcass) 1384 1585 1719 1390 1384 1585 1719 1390 1384 1585 1719 1390
 Sheep 700 350 368 368 700 350 368 368 700 350 368 368
(-) Purchase (mil)
 Cattle (trade) 8.132 - - 8.132 - - - 8.132 - - - 8.132
 Cattle (all) 12.2 - - 12.2 - - - 12.2 - - - 12.2
 Sheep (by air) 1.5 - - - 1.5 - - - 1.5 - - -
(-) Costs (‘000)
 Cattle 474 348 221 94.8 474 348 221 94.8 474 348 221 94.8
 Sheep 33.7 13.5 6.75 6.75 33.7 13.5 6.75 6.75 33.7 13.5 6.75 6.75
Gross Profit (mil) (9.59) (5.67) (1.27) (9.72) (7.49) (3.57) 826K (7.65) (5.42) (1.5) 2.9 (5.59)
Profit Bf (9.59) (5.67) (1.27) (9.72) (7.49) (3.57) 826K (7.65) (5.42) (1.5) 2.9 (5.59)
*carcass calculated at 53% from total animal weight
TIF.SOFbief 17/22
6.4 SIMULATION ON CATTLE PRICING (EX-ABATTOIR/EX-FARM)
No. PARAMETRES (RM) (RM)
1. Purchase price [RM10.70 x 350kg] (4,066) (4,066)

2. Fattening costs [120 days] (632) (632)
3. Weight gained [128kg] [RM11.20/kg] 1,433 1,433
Selling Price (live) Selling Price (carcass)
4. Cattle@live (RM11.20 x 478kg) 5,353.6 -
5. Cattle@carcass (53%) (RM22 x 253kg) - 5,566
6. Processing costs@ abattoir - (100)
7. Transport costs to abattoir - (30)
Gross Profit 655.60 738
6.5 SIMULATION ON SHEEP PRICING (EX-ABATTOIR/EX-FARM)
NO. PARAMETRES (RM) (RM)
1. Purchase price [35kg] (600) (600)

2. Fattening costs [60 days] (27) (27)
3. Weight gained [10kg x RM10] 100 100
Selling Price (live) Selling Price (carcass)
4. Sheep @ live (wholesale price) 700 -
5. Sheep @ carcass [50%] [RM35 x 16kg] - 787
6. Processing costs - 25
7. Transportation costs to abattoir - 25
Gross Profit 73 110
TIF.SOFbief 18/22
6.6 FROZEN MEAT TRADING
START-UP COST:
NO. PARAMETRES COSTS (RM)

A. CAPITAL EXPENDITURE
1. Infrastructure/Equipment upgrading:-
 Meat Storage (cold-room/chiller) (Existing)
 Outlet (Putrajaya/Ampang) 50,000
 Butchery equipment 10,000
2. Transport:-
 Chiller lorries(3 tons) 150,000
 Forklift (2 tons) 90,000
300,000
B. OPERATIONAL EXPENDITURE
1. Frozen Inventories
 Frozen beef (parts) (Aust) (40 tan) 650,000
 Lamb/Mutton Carcass (Aust) (40 tan) 600,000
 Indian Buffalo (parts) (India) (40 tan) 550,000
2. Salary: [admin, driver, 2 butchers] x RM2,000 x 3 months 24,000
3. Administration/rental/insurance/transport x 3 months 50,000
1,874,000
TOTAL 2,174,000
6.7 SALLES CYCLE ON FROZEN MEAT TRADING
Months 1 2 3 4 5 6 7 8 9 10 11 12
Aust. beef (tons)

 Import 40 - - - 40 - - - 40 - - -
 Output 10 10 10 10 10 10 10 10 10 10 10 10
Indian Buff (tons)
 Import 40 - 40 - 40 - 40 - 40 - 40 -
 Output 20 20 20 20 20 20 20 20 20 20 20 20
Aust. Lamb (tons)
 Import 40 - 40 - 40 - 40 - 40 - 40 -
 Output 20 20 20 20 20 20 20 20 20 20 20 20
CASH FLOW (RM)
TIF.SOFbief 19/22
Sales (‘000)
 Aust. beef 185 185 185 185 185 185 185 185 185 185 185 185
 Indian Buffalo 220 220 220 220 220 220 220 220 220 220 220 220
 Aust. Lamb 330 330 330 330 330 330 330 330 330 330 330 330
(-) Purchase (‘000)
 Aust. beef 650 - - - 650 - - - 650 - - -
 Indian buffalo 450 - 450 - 450 - 450 - 450 - 450 -
 Aust. Lamb 550 - 550 - 550 - 550 - 550 - 550 -
(-) Admin Cost 37 37 37 37 37 37 37 37 37 37 37 37
Gross Profit (952) (254) (556) 142 (810) (112) (414) 284 (668) 30 (272) 426
Profit BF (952) (254) (556) 142 (810) (112) (414) 284 (668) 30 (272) 426
6.8 SIMULATION ON FROZEN MEAT TRADING
Bil. Details (RM/KG) Aust Beef Mutton Lamb Ind. Buff

1. (-) Purchase price 17.20 13.50 15.50 11.85
2. (-) Admin costs (monthly):-
 Salary: (RM8,000) 0.07 0.07 0.07 0.07
 Misc/insurance (RM8,000) 0.07 0.07 0.07 0.07
 Utility/rental (RM12,000) 0.11 0.11 0.11 0.11
 Transport (RM9,000) 0.08 0.08 0.08 0.08
17.53 13.83 15.83 12.18
3. Wholesale price 18.50 15.50 17.50 12.80
4. Retail price(2nd phase) 25.00 19.00 28.00 14.00
Goss profit (average) 0.97 1.67 1.67 0.62
6.9 FINANCIAL FORECAST FOR YEAR 1 TO YEAR 5 OF TIF
Details (RM) Year 1 Year 2 Year 3 Year 4 Year 5

Revenues 100,487,280 257,518,800 337,206,240 444,514,109 609,843,796
Direct costs 91,914,985 187,092,559 238,527,014 310,051,617 455,767,357
EBITDA 6,751,867 68,579,480 96,805,032 132,559,717 152,128,885
Margin
Margin (%) 5% 20% 21% 22% 19%
ROI (%) 8.88% 202.91% 476.90% 852.19% 1282.94%
IRR (%) 8.91% 74.04% 79.35% 75.66% 69.11%
TIF.SOFbief 20/22
7.0 REPAYMENT PROPOSAL
Details Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10
RM (mil) RM (mil) RM (mil) RM (mil) RM (mil) RM (mil) RM (mil) RM (mil) RM (mil) RM (mil)
Revenue 100.4 257.5 337.2 444.5 609.8 640.3 672.3 705.9 741.2 778.3
Direct Cost (91.9) (187.1) (238.5) (310.1) (455.7) (464.8) (474.1) (483.5) (493.3) (503.1)
Overhead (1.8) (1.8) (1.8) (1.9) (1.9) (1.9) (1.9) (1.9) (2.0) (2.0)
EBIT 6.7 68.5 96.8 132.5 152.1 173.6 196.3 220.5 245.9 273.2
Loan Repayment (500K) (1.5) (1.5) (1.5) (2.5) (2.5) (5.0) (5.0) (5.0) (5.0)
Principal (RM30mil)
Loan Interest (7%) (2.1) (2.1) (2.1) (2.1) (2.1) (2.1) (2.1) (2.1) (2.1) (2.1)
 Loan Balance 29.5 28 26.5 25 22.5 20 15 10 5 0
3.6 64.9 93.2 128.9 147.5 169.0 189.2 213.4 238.8 266.1
Less (tax) (25%) (0.9) (16.2) (23.3) (32.2) (36.9) (42.2) (47.3) (53.3) (59.7) (66.5)
Nett Profit 2.7 48.7 69.9 96.7 110.6 126.8 141.9 160.1 179.1 199.6
Note:
Term Loan: RM30mil based for 10 years.
 Proposing a 6 months grace period repayment at first year financing.
 Next consecutive repayment being made by cycles (After Aidil Fitri/Aidil Adha) / twice a year.
 As per table repayment schedule TIF is expecting a total amount of RM51,000,000 to be paid during 10 years.
*loan is calculated based on 7% p.a
TIF.SOFbief 21/22
PROPOSED FINANCIAL PROJECTION
*** Better explained with reference to ms excel files ***
TIF.SOFbief 22/22
DASHBOARD
Tekno Integrated Farm Sdn Bhd Annualized Financial Projections

Sales $ 100,487,280 $ 257,518,800 $ 337,206,240 $ 444,514,109 $ 609,843,796
Direct Cost $ 91,914,985 $ 187,092,559 $ 238,527,014 $ 310,051,617 $ 455,767,357
Operation Overhead $ 1,895,008 $ 1,925,070 $ 1,956,418 $ 1,989,110 $ 2,038,206
EBITDA $ 6,677,287 $ 68,501,171 $ 96,722,808 $ 132,473,381 $ 152,038,233
Equipment Outlay $ 2,730,000 $ - $ - $ - $ -
Free Cash Flow $ 3,947,287 $ 68,501,171 $ 96,722,808 $ 132,473,381 $ 152,038,233
Cumulative Cash Flow $ 3,947,287 $ 72,448,457 $ 169,171,265 $ 301,644,646 $ 453,682,879
Valuation
Investment $ (30,000,000)
Free Cash Flow $ 3,947,287 $ 68,501,171 $ 96,722,808 $ 132,473,381 $ 152,038,233
Perpetuity EBITDA Valuation
4 x EBITDA $ 608,152,930
r = 15% $ (30,000,000) $ (26,052,713) $ 68,501,171 $ 96,722,808 $ 132,473,381 $ 760,191,163
NPV $ 419,069,961
Pre-money $ 389,069,961
ROI 12%
Perpetuity Growth Rate Valuation (stable 15% DR, 3.5% Gr)
g = 3.5% $ 573,729,179
r = 15% (30,000,000) $ (26,052,713) $ 68,501,171 $ 96,722,808 $ 132,473,381 $ 725,767,412
NPV $ 404,187,624
Pre-money $ 374,187,624
ROI 5%
DASHBOARD
Margins
Gross Margin (RM) 8,572,295 70,426,241 98,679,226 134,462,491 154,076,439
Gross Margin (%) 9% 27% 29% 30% 25%
Net Margin (RM) 3,114,702 49,618,365 70,795,843 97,608,773 112,282,412
Net Margin (%) 3% 19% 21% 22% 18%
Cashflow
Operating 6,677,287 68,501,171 96,722,808 132,473,381 152,038,233
Investing -3,352,940 -9,923,673 -14,159,169 -19,521,755 -22,456,482
Financing 29,592,650 -121,500 -121,500 -121,500 -121,500
Net cashflow 32,916,996 58,455,997 82,442,139 112,830,126 129,460,250
Cumulative 32,916,996 91,372,994 173,815,133 286,645,259 416,105,509
Investment Return
ROI (%) 9.72% 204.58% 479.38% 855.48% 1287.02%
Multiples 1.1 x 3.05 x 5.79 x 9.55 x 13.87 x
IRR (%) 9.75% 74.52% 79.61% 75.81% 69.21%
DASHBOARD
Capital breakeven
Cash flow -50,000,000 32,916,996 58,455,997 82,442,139 112,830,126 129,460,250
Cumulative cash flow -50,000,000 -17,083,004 41,372,994 123,815,133 236,645,259
B/E 2.63 years
01.Jän.15 $ (30,000,000)
31.Dez.15 32,916,996 9.75%
01.Jän.15 $ (30,000,000)
31.Dez.16 91,372,994 74.52%
01.Jän.15 $ (30,000,000)
31.Dez.17 173,815,133 79.61%
01.Jän.15 $ (30,000,000)
31.Dez.18 286,645,259 75.81%
01.Jän.15 $ (30,000,000)
31.Dez.19 416,105,509 69.21%
DASHBOARD
Revenue contribution based on business segmentation (RM)

RM 700000000,00 Revenue Yr 1 Yr 2 Yr 3 Yr 4 Yr 5
Cattle RM 85,337,280 RM 219,088,800 RM 265,764,240 RM 313,934,009 RM 366,256,343
RM 600000000,00
Goat RM 5,250,000 RM 17,640,000 RM 27,783,000 RM 38,896,200 RM 51,051,263
RM 500000000,00 Frozen RM 9,900,000 RM 20,790,000 RM 43,659,000 RM 91,683,900 RM 192,536,190
RM 400000000,00
Net Profit 3,114,702 49,618,365 70,795,843 97,608,773 112,282,412
RM 300000000,00 Yr 1 Yr 2 Yr 3 Yr 4 Yr 5
RM 200000000,00 Net Margin 3% 19% 21% 22% 18%
RM 100000000,00
RM ,00
Frozen RM 9900000,00 RM 20790000,00 RM 43659000,00 RM 91683900,00 RM 192536190,00
Goat RM 5250000,00 RM 17640000,00 RM 27783000,00 RM 38896200,00 RM 51051262,500
Cattle RM 85337280,00 RM 219088800,00 RM 265764240,00 RM 313934008,500 RM 366256343,250
DASHBOARD
Overall 5 years Projected Margins (%)

25%
20%
15%
10%
5%
0%
Net Margin 3% 19% 21% 22% 18%
DASHBOARD
Proposed utilization of fundraising amount of RM30 m via

equity/debt for the expansion plan
0%
5%
0% 7%
Cattle (Fattening)
Cattle (Breeding)
Goat & Sheep

(Trading)
88%
Cattle (Fattening) 88.23%

Cattle (Breeding) 0.00%
Goat & Sheep (Trading) 4.79%
Goat & sheep (breeding 0.00%
Frozen Meat 6.98%
DASHBOARD
Cashflow vs Ebitda Projection
RM 160000000,00
RM 140000000,00
RM 120000000,00
RM 100000000,00
RM 80000000,00
RM 60000000,00
Ebitda RM 6,662,287 RM 68,486,171 RM 96,722,808 RM 132,473,381 RM 152,038,233
RM 40000000,00
Net Cashflow RM 32,916,996 RM 58,455,997 RM 82,442,139 RM 112,830,126 RM 129,460,250
RM 20000000,00
RM ,00
Ebitda RM 6662286,594 RM 68486170,587 RM 96722807,929 RM 132473381,036 RM 152038232,519
Net Cashflow RM 32916996,105 RM 58455997,499 RM 82442139,239 RM 112830126,380 RM 129460250,141
Financing Utilisation
Cattle Fattening Breeding Goat/Sheep Trading Breeding Frozen Beef/Mutton Trading

Capital expendinture Capital expendinture Capital expendinture
Feedlot (Jelebu) - Capacity 1000 HD RM 150,000.00 Goat/Sheep ranch (Pagoh) - Capacity 2,500 HD RM - Chiller/coldroom/display - Capacity 150 tonneRM 200,000.00
Feedlot (Gemas) - Capacity 2000 HD RM 150,000.00 Foder replanting/feed stock RM - Forklift RM 90,000.00
Feedlot (Tanah Merah) - Capacity 2000 HD RM - Goat/Sheep ranch (Pagoh) - Capacity 2,500 HD - Lorry chiller (5 tonne) (x2) RM 150,000.00
Feedlot (Pagoh) - Capacity 2000 HD RM - Foder replanting/feed stock - Van chiller (1 tonne) RM -
Foder replanting/feed stock (x2) RM 300,000.00 Chopper machine - Machineries/Equipment procurement RM 60,000.00
Forage havester (x1) RM 150,000.00
Chopper machine (x4) RM 200,000.00
Tractor (4WD) - 85BHP (x2) RM 220,000.00
Feed wagon (5 tonnes) (x4) RM 640,000.00
Skid Loader (2 tonnes) - feed/manure (x2) RM 180,000.00
Lorry (5 tonne) (x2) RM 240,000.00
Treatment paddock - Ldg. Londah 100 HD RM -
Treatment paddock - Ldg. Bkt. Rokan 100 HD RM -
Treatment paddock - Ldg. Bkt. Lawang 100 HD RM -
Treatment paddock - Ldg. Bkt. Bidong 100 HD RM -
Treatment paddock - Ldg. Logging Dairy 100 HD RM -
Water tanks (4x5) RM -
Milk tanks + milking equipments RM -
Foder replanting/feed stock (x5) RM -
Lorry (3 tonne) (x5) RM -
Chopper machine (x5) RM -
Motorcycle (Scrambler) (x5) RM -
Motorcycle (Low Spec) (x5) RM -
Labs for semen/embryo (UPM) RM -
Electric fence system (x5) RM -
RM 2,230,000.00 RM - RM - RM - RM 500,000.00
Financing Utilisation
Working capital Working capital Working capital

Feed stocks (palm kernel cake) - 3000tn x RM380 RM 2,100,000 Feed stocks (pkc/complete feed) - 60tn x RM750 RM 45,000 Frozen stock procurement
Napier grass/corn stalks/front - 3000tn x RM140 RM 420,000 Napier grass/corn stalks - 100tn x RM140 RM 15,000 Mutton Carcasses/shoulders - 40 tn RM 600,000
Mineral/vitamins - 5,000 HD RM 60,000 Mineral/vitamin - 2,500 HD (RM5) RM - Australian cattle carcasses - 40 tn RM 650,000
Soya meal - 5000 HD RM 120,000 Vaccination - 2,500 HD (RM5) RM - Indian Buffolo - 40 tn RM 550,000
Consultancy by UPM (meat yield) RM 30,000 Goat/sheep procurement (1st cycle) - 2,500 HD RM 1,500,000 Transport (6 trips) (RM2,000) RM 7,500
Insurance (1000HD) (death/dieses/theaf) RM 20,000 Transportation - (9 trips) (RM2,000) RM 18,000 Labor [1 manager/ 1 supervisor/ 2 labors] RM 7,900
Pre-Biotic RM 60,000 Labor [1 labor] RM 4,800
Cattle procurement (1st cycle) (x4) RM 24,000,000 Insurance [death, dieses, thief] RM 7,500
Transportation (Jelebu/Gemas) RM 146,200 Feed stocks (palm kernel cake) - 40 tn x RM650 -
Security guard (x6) RM 36,000 Napier grass/corn stalks/front - 40 tn x RM100 -
Labor/month [14 labors] RM 67,200 Mineral/vitamin - 2,500 HD (RM5) -
Feed stocks (palm kernel cake) - 10 tn x RM650 (x5) RM - Vaccination - 2,500 HD (RM5) -
Napier grass/corn stalks/front - 90 tn x RM100 (x5) RM - Goat/sheep procurement (1st cycle) - 2,500 HD -
Mineral/vitamins -1,500 HD (RM10) (x4) + dairy RM - Transportation - (9 trips) (RM2,000) -
Special feed stocks (dairy cattle) - 45 tn x RM1000 RM - Labor [2 labors] -
Vaccination - 1,500 HD (RM10) (x4) + dairy RM - Insurance [death, dieses, thief] -
Cattle procurement - 1,500 HD (RM2,800) (x4) RM -
Dairy cattle procurement - 500 HD (RM4,500) RM -
Transportation - Ladang Peganda (185 trips) (RM2000) RM -
Consultancy by UPM (breeding process) RM -
Patent filing to Harta Intelek (breeder) RM -
Insurance Coverage - (RM50,000) (x5) RM -
Labor/month [3 labors] (x4) RM -
Dairy Farm - Labor [1 Manager/1 supervisor/4 labors] RM -
RM 27,059,400 RM - RM 1,590,300 RM - RM 1,815,400.00
Funding Requirement per business segmentation RM 29,289,400 RM - RM 1,590,300 RM - RM 2,315,400

Overall funding requiement RM 33,195,100
Projection (P&L,CF)
Technology Integrated Farm

Tekno Integrated Farm Sdn Bhd
INCOME STATEMENTS Mth 1 Mth 2 Mth 3 Mth 4 Mth 5 Mth 6 Mth 7 Mth 8 Mth 9 Mth 10 Mth 11 Mth 12 YEAR 1
RM RM RM RM RM RM RM RM RM RM RM RM RM
SALES 13,621,000 4,942,040 5,253,080 15,439,640 4,981,000 4,942,040 5,253,080 15,439,640 4,981,000 4,942,040 5,253,080 15,439,640 100,487,280
Cattle 12,096,000 3,767,040 4,078,080 14,264,640 3,456,000 3,767,040 4,078,080 14,264,640 3,456,000 3,767,040 4,078,080 14,264,640 85,337,280
Goat/Sheep 700,000 350,000 350,000 350,000 700,000 350,000 350,000 350,000 700,000 350,000 350,000 350,000 5,250,000
Frozen 825,000 825,000 825,000 825,000 825,000 825,000 825,000 825,000 825,000 825,000 825,000 825,000 9,900,000
Less:
Cost of good sold 21,232,843 1,055,200 948,400 19,766,457 2,685,986 1,055,200 948,400 19,766,457 2,685,986 1,055,200 948,400 19,766,457 91,914,985
Cattle 18,950,657 303,000 202,200 19,026,257 403,800 303,000 202,200 19,026,257 403,800 303,000 202,200 19,026,257 78,352,629
Goat/Sheep 1,549,186 19,200 13,200 7,200 1,549,186 19,200 13,200 7,200 1,549,186 19,200 13,200 7,200 4,766,357
Frozen 733,000 733,000 733,000 733,000 733,000 733,000 733,000 733,000 733,000 733,000 733,000 733,000 8,796,000
Gross Margin (Rm) -7,611,843 3,886,840 4,304,680 -4,326,817 2,295,014 3,886,840 4,304,680 -4,326,817 2,295,014 3,886,840 4,304,680 -4,326,817 8,572,295
Cattle -6,854,657 3,464,040 3,875,880 -4,761,617 3,052,200 3,464,040 3,875,880 -4,761,617 3,052,200 3,464,040 3,875,880 -4,761,617 6,984,651
Goat/Sheep -849,186 330,800 336,800 342,800 -849,186 330,800 336,800 342,800 -849,186 330,800 336,800 342,800 483,643
Frozen 92,000 92,000 92,000 92,000 92,000 92,000 92,000 92,000 92,000 92,000 92,000 92,000 1,104,000
Gross margin (%) -56% 79% 82% -28% 46% 79% 82% -28% 46% 79% 82% -28% 9%
Cattle -57% 92% 95% -33% 88% 92% 95% -33% 88% 92% 95% -33% 8%
Goat/Sheep -121% 95% 96% 98% -121% 95% 96% 98% -121% 95% 96% 98% 9%
Frozen 11% 11% 11% 11% 11% 11% 11% 11% 11% 11% 11% 11% 11%
Less:
Overhead Expenses 264,584 149,584 149,584 149,584 149,584 149,584 149,584 149,584 149,584 149,584 149,584 149,584 1,910,008
EBITDA -7,876,427 3,737,256 4,155,096 -4,476,401 2,145,430 3,737,256 4,155,096 -4,476,401 2,145,430 3,737,256 4,155,096 -4,476,401 6,662,287
Less:
Depreciation 25,583 25,583 25,583 25,583 25,583 25,583 25,583 25,583 25,583 25,583 25,583 25,583 307,000
EBIT -7,902,010 3,711,673 4,129,513 -4,501,984 2,119,847 3,711,673 4,129,513 -4,501,984 2,119,847 3,711,673 4,129,513 -4,501,984 6,355,287
Less:
Interest charges on loan 175,000 175,000 175,000 175,000 175,000 175,000 175,000 175,000 175,000 175,000 175,000 175,000 2,100,000
Interest charges on hire purchase 8,529 8,529 8,529 8,529 8,529 8,529 8,529 8,529 8,529 8,529 8,529 8,529 102,350
EBT -8,085,539 3,528,144 3,945,984 -4,685,514 1,936,318 3,528,144 3,945,984 -4,685,514 1,936,318 3,528,144 3,945,984 -4,685,514 4,152,937
Less:
Tax (25%) -2,021,385 882,036 986,496 -1,171,378 484,079 882,036 986,496 -1,171,378 484,079 882,036 986,496 -1,171,378 1,038,234
Net Margin (RM) -6,064,154 2,646,108 2,959,488 -3,514,135 1,452,238 2,646,108 2,959,488 -3,514,135 1,452,238 2,646,108 2,959,488 -3,514,135 3,114,702
Net Margin (%) -45% 54% 56% -23% 29% 54% 56% -23% 29% 54% 56% -23% 3%
Projection (P&L,CF)
CASHFLOW Mth 1 Mth 2 Mth 3 Mth 4 Mth 5 Mth 6 Mth 7 Mth 8 Mth 9 Mth 10 Mth 11 Mth 12 YEAR 1
RM RM RM RM RM RM RM RM RM RM RM RM RM
Cashflow from Operating activities
SALES COLLECTION 13,621,000 4,942,040 5,253,080 15,439,640 4,981,000 4,942,040 5,253,080 15,439,640 4,981,000 4,942,040 5,253,080 15,439,640 100,487,280
PAYMENT FOR DIRECT EXPENSES 21,232,843 1,055,200 948,400 19,766,457 2,685,986 1,055,200 948,400 19,766,457 2,685,986 1,055,200 948,400 19,766,457 91,914,985
PAYMENT OF INDIRECT EXPENSES 264,584 149,584 149,584 149,584 149,584 149,584 149,584 149,584 149,584 149,584 149,584 149,584 1,895,008
Net Cashflow form Operating activities -7,876,427 3,737,256 4,155,096 -4,476,401 2,145,430 3,737,256 4,155,096 -4,476,401 2,145,430 3,737,256 4,155,096 -4,476,401 6,677,287
Cashflow from Investing activities

PURCHASE OF PROPERTY PLANT & EQUIPMENT -2,730,000 0 -2,730,000
PAYMENT OF DIVIDEND -622,940 -622,940
Net Cashflow form Investing activities -2,730,000 0 -622,940 -3,352,940
Cashflow from Financing activities

EQUITY FINANCING 30,000,000 30,000,000
LOAN FINANCING 0 0
PAYMENT FOR HIRE PURCHASE 33,946 33,946 33,946 33,946 33,946 33,946 33,946 33,946 33,946 33,946 33,946 33,946 407,350
REPAYMENT OF TERM LOAN 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Cashflow form Financing activities 29,966,054 -33,946 -33,946 -33,946 -33,946 -33,946 -33,946 -33,946 -33,946 -33,946 -33,946 -33,946 29,592,650
NET INCREASE/(DECREASE) IN CASH & CASH EQUIVALENT 19,359,627 3,703,310 4,121,150 -4,510,347 2,111,485 3,703,310 4,121,150 -4,510,347 2,111,485 3,703,310 4,121,150 -5,133,287 32,916,996
CASH & CASH EQUIVALENT AT THE BEGINNING OF THE PERIOD 0 19,359,627 23,062,938 27,184,088 22,673,741 24,785,225 28,488,535 32,609,686 28,099,339 30,210,823 33,914,133 38,035,284 0
CASH & CASH EQUIVALENT AT THE END OF THE PERIOD 19,359,627 23,062,938 27,184,088 22,673,741 24,785,225 28,488,535 32,609,686 28,099,339 30,210,823 33,914,133 38,035,284 32,901,996 32,916,996
Projection (P&L,CF)
Mth 1 Mth 2 Mth 3 Mth 4 Mth 5 Mth 6 Mth 7 Mth 8 Mth 9 Mth 10 Mth 11 Mth 12 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YR 1 TO YR 5
RM RM RM RM RM RM RM RM RM RM RM RM RM RM RM RM RM
19,872,300 19,872,300 21,063,000 22,253,700 23,444,400 19,872,300 21,063,000 22,253,700 23,444,400 19,872,300 21,063,000 23,444,400 257,518,800 337,206,240 444,514,109 609,843,796 1,749,570,224
16,669,800 16,669,800 17,860,500 19,051,200 20,241,900 16,669,800 17,860,500 19,051,200 20,241,900 16,669,800 17,860,500 20,241,900 219,088,800 265,764,240 313,934,009 366,256,343 1,250,380,672
1,470,000 1,470,000 1,470,000 1,470,000 1,470,000 1,470,000 1,470,000 1,470,000 1,470,000 1,470,000 1,470,000 1,470,000 17,640,000 27,783,000 38,896,200 51,051,263 140,620,463
1,732,500 1,732,500 1,732,500 1,732,500 1,732,500 1,732,500 1,732,500 1,732,500 1,732,500 1,732,500 1,732,500 1,732,500 20,790,000 43,659,000 91,683,900 192,536,190 358,569,090
19,973,416 4,055,808 21,611,416 21,800,416 3,990,808 21,548,416 21,737,416 3,927,808 21,485,416 21,674,416 3,864,808 21,422,416 187,092,559 238,527,014 310,051,617 455,767,357 1,283,353,533
18,402,407 1,224,800 18,780,407 18,969,407 1,159,800 18,717,407 18,906,407 1,096,800 18,654,407 18,843,407 1,033,800 18,591,407 154,380,457 175,521,437 195,073,051 241,497,371 844,824,945
39,708 1,299,708 1,299,708 1,299,708 1,299,708 1,299,708 1,299,708 1,299,708 1,299,708 1,299,708 1,299,708 1,299,708 14,336,502 24,522,417 34,280,090 44,930,963 122,836,328
1,531,300 1,531,300 1,531,300 1,531,300 1,531,300 1,531,300 1,531,300 1,531,300 1,531,300 1,531,300 1,531,300 1,531,300 18,375,600 38,483,160 80,698,476 169,339,024 315,692,260
-101,116 15,816,492 -548,416 453,284 19,453,592 -1,676,116 -674,416 18,325,892 1,958,984 -1,802,116 17,198,192 2,021,984 70,426,241 98,679,226 134,462,491 154,076,439 466,216,692
-1,732,607 15,445,000 -919,907 81,793 19,082,100 -2,047,607 -1,045,907 17,954,400 1,587,493 -2,173,607 16,826,700 1,650,493 64,708,343 90,242,803 118,860,957 124,758,972 405,555,727
1,430,292 170,292 170,292 170,292 170,292 170,292 170,292 170,292 170,292 170,292 170,292 170,292 3,303,498 3,260,583 4,616,110 6,120,300 17,784,134
201,200 201,200 201,200 201,200 201,200 201,200 201,200 201,200 201,200 201,200 201,200 201,200 2,414,400 5,175,840 10,985,424 23,197,166 42,876,830
-1% 80% -3% 2% 83% -8% -3% 82% 8% -9% 82% 9% 27% 29% 30% 25% 27%
-10% 93% -5% 0% 94% -12% -6% 94% 8% -13% 94% 8% 30% 34% 38% 34% 32%
97% 12% 12% 12% 12% 12% 12% 12% 12% 12% 12% 12% 19% 12% 12% 12% 13%
12% 12% 12% 12% 12% 12% 12% 12% 12% 12% 12% 12% 12% 12% 12% 12% 12%
267,089 152,089 152,089 152,089 152,089 152,089 152,089 152,089 152,089 152,089 152,089 152,089 1,940,070 1,956,418 1,989,110 2,038,206 9,833,813
-368,205 15,664,402 -700,505 301,195 19,301,502 -1,828,205 -826,505 18,173,802 1,806,895 -1,954,205 17,046,102 1,869,895 68,486,171 96,722,808 132,473,381 152,038,233 456,382,879
10,500 10,500 10,500 10,500 10,500 10,500 10,500 10,500 10,500 10,500 10,500 10,500 126,000 126,000 126,000 126,000 811,000
-378,705 15,653,902 -711,005 290,695 19,291,002 -1,838,705 -837,005 18,163,302 1,796,395 -1,964,705 17,035,602 1,859,395 68,360,171 96,596,808 132,347,381 151,912,233 455,571,879
175,000 175,000 175,000 175,000 175,000 175,000 175,000 175,000 175,000 175,000 175,000 175,000 2,100,000 2,100,000 2,100,000 2,100,000 10,500,000
8,529 8,529 8,529 8,529 8,529 8,529 8,529 8,529 8,529 8,529 8,529 8,529 102,350 102,350 102,350 102,350 511,750
-562,234 15,470,373 -894,534 107,166 19,107,473 -2,022,234 -1,020,534 17,979,773 1,612,866 -2,148,234 16,852,073 1,675,866 66,157,821 94,394,458 130,145,031 149,709,883 444,560,129
-140,558 3,867,593 -223,633 26,792 4,776,868 -505,558 -255,133 4,494,943 403,217 -537,058 4,213,018 418,967 16,539,455 23,598,614 32,536,258 37,427,471 111,140,032
-421,675 11,602,780 -670,900 80,375 14,330,605 -1,516,675 -765,400 13,484,830 1,209,650 -1,611,175 12,639,055 1,256,900 49,618,365 70,795,843 97,608,773 112,282,412 333,420,096
-2% 58% -3% 0% 61% -8% -4% 61% 5% -8% 60% 5% 19% 21% 22% 18% 19%
Projection (P&L,CF)
Mth 1 Mth 2 Mth 3 Mth 4 Mth 5 Mth 6 Mth 7 Mth 8 Mth 9 Mth 10 Mth 11 Mth 12 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YR 1 TO YR 5
RM RM RM RM RM RM RM RM RM RM RM RM RM RM RM RM RM
19,872,300 19,872,300 21,063,000 22,253,700 23,444,400 19,872,300 21,063,000 22,253,700 23,444,400 19,872,300 21,063,000 23,444,400 257,518,800 337,206,240 444,514,109 609,843,796 1,749,570,224
19,973,416 4,055,808 21,611,416 21,800,416 3,990,808 21,548,416 21,737,416 3,927,808 21,485,416 21,674,416 3,864,808 21,422,416 187,092,559 238,527,014 310,051,617 455,767,357 1,283,353,533
267,089 152,089 152,089 152,089 152,089 152,089 152,089 152,089 152,089 152,089 152,089 152,089 1,925,070 1,956,418 1,989,110 2,038,206 9,803,813
-368,205 15,664,402 -700,505 301,195 19,301,502 -1,828,205 -826,505 18,173,802 1,806,895 -1,954,205 17,046,102 1,869,895 68,501,171 96,722,808 132,473,381 152,038,233 456,412,879
-9,923,673 -9,923,673 -14,159,169 -19,521,755 -22,456,482 -66,684,019

-9,923,673 -9,923,673 -14,159,169 -19,521,755 -22,456,482 66,684,019
10,125 10,125 10,125 10,125 10,125 10,125 10,125 10,125 10,125 10,125 10,125 10,125 121,500 121,500 121,500 121,500 893,350
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
-10,125 -10,125 -10,125 -10,125 -10,125 -10,125 -10,125 -10,125 -10,125 -10,125 -10,125 -10,125 -121,500 -121,500 -121,500 -121,500 -893,350
-378,330 15,654,277 -710,630 291,070 19,291,377 -1,838,330 -836,630 18,163,677 1,796,770 -1,964,330 17,035,977 -8,063,903 58,455,997 82,442,139 112,830,126 129,460,250 522,203,548
32,916,996 32,538,666 48,192,944 47,482,314 47,773,384 67,064,761 65,226,431 64,389,802 82,553,479 84,350,249 82,385,919 99,421,897 32,916,996 91,372,994 173,815,133 286,645,259 0
32,538,666 48,192,944 47,482,314 47,773,384 67,064,761 65,226,431 64,389,802 82,553,479 84,350,249 82,385,919 99,421,897 91,357,994 91,372,994 173,815,133 286,645,259 416,105,509 522,203,548
Product rollout planning
TEKNO INTEGRATED FARM SDN BHD

Project Roll Out Plan
1 2 3 4 5 6 7 8 9 10 11 12
Financial Year End Dec 31st
Turnover Planning
Multiple Clients (Cattle Fattening)

Quantity (Ekor Unit) 2,800 800 800 2,600 800 800 800 2,600 800 800 800 2,600
Weight (KG) 400 436 472 508 400 436 472 508 400 436 472 508
Selling Price (RM)/KG 10.8 10.8 10.8 10.8 10.8 10.8 10.8 10.8 10.8 10.8 10.8 10.8
PO Value (RM) 12,096,000 3,767,040 4,078,080 14,264,640 3,456,000 3,767,040 4,078,080 14,264,640 3,456,000 3,767,040 4,078,080 14,264,640
Multiple Clients (Cattle Breeding - Beef Cattle & Dairy Cattle)

Quantity (Ekor Unit) - Brahman breeder - - - - - - - - - - - -
Litre - Fresien Jersey - - - - - - - - - - -
Weight (KG) - - - - - - - - - - - -
Selling Price (RM)/Litre 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
PO Value (RM) - Beef cattle - - - - - - - - - - - -
PO Value (RM) - Dairy Cattle - - - - - - - - - - - -
Total PO Value (RM) - - - - - - - - - - - -
Multiple Clients (Goat/Sheep Trading)

Quantity (Ekor Unit) 1,000 500 500 500 1,000 500 500 500 1,000 500 500 500
Weight (KG) - - - - - - - - - - - -
Selling Price (RM)/Unit 700 700 700 700 700 700 700 700 700 700 700 700
PO Value (RM) 700,000 350,000 350,000 350,000 700,000 350,000 350,000 350,000 700,000 350,000 350,000 350,000
Multiple Clients (Goat/Sheep Breeding)

Quantity (Ekor Unit) - - - - - - - - - - - -
Weight (KG)
Selling Price (RM)/Unit - - - - - - - - - - - -
PO Value (RM) - - - - - - - - - - - -
Multiple Clients (Frozen Beef/Mutton)

Quantity (Unit KG) 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000
PO Value (RM) 825,000 825,000 825,000 825,000 825,000 825,000 825,000 825,000 825,000 825,000 825,000 825,000
Procurement Planning
Financial Year End Dec 31st 1 2 3 4 5 6 7 8 9 10 11 12
Multiple Clients (Cattle Fattening) (Elders Livestock)

Quantity (Ekor Unit) 5,000 - - 5,000 - - - 5,000 - - - 5,000
Weight (KG) 380 380 380 380 380 380 380 380 380 380 380 380
Purchase Price (RM)/KG 9.5 9.5 9.5 9.5 9.5 9.5 9.5 9.5 9.5 9.5 9.5 9.5
PO Value (RM) 18,050,000 - - 18,050,000 - - - 18,050,000 - - - 18,050,000
Transportation (RM) 242,857 - - 242,857 - - - 242,857 - - - 242,857
Labor (RM) 25,800 25,800 25,800 25,800 25,800 25,800 25,800 25,800 25,800 25,800 25,800 25,800
Multiple Clients (Cattle Breeding - Beef Cattle & Dairy Cattle)

Quantity (Ekor Unit) - Brahman Breeder - - - - - 3,000 3,000 - - - - -
Weight (KG) 0 0 0 0 0 0 0 0 0 0 0 0
PO Value (RM) - - - - - 0 0 - - - - -
Transportation (RM) - - - - - - - - - - - -
Labor (RM) 0 0 0 0 0 0 0
Quantity (Ekor Unit) - Fresien Jersey - - - - - 0 0 - - - - -
Weight (KG) 0 0 0 0 0 0 0 0 0 0 0 0
PO Value (RM) - - - - - - 0 - - - - -
Transportation (RM) - - - - - - - - - - - -
Labor (RM) 0 0 0 0 0 0
Multiple Clients (Goat/Sheep Trading) (Luqman Hakim Group)

Quantity (Ekor Unit) 2,500 - - - 2,500 - - - 2,500 - - -
Weight (KG) - - - - - - - - - - - -
Purchase Price (RM)/Unit 600 - - - 600 - - - 600 - - -
PO Value (RM) 1,500,000 - - - 1,500,000 - - - 1,500,000 - - -
Transportation (RM) 17,986 - - - 17,986 - - - 17,986 - - -
Labor (RM) 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200
Multiple Clients (Goat/Sheep Breeding)

Quantity (Ekor Unit) - - - - - - - - - - - -
-
PO Value (RM) -
Transportation (RM) -
Labor (RM) 0 0 0 0 0 0 0 0 0 0 0 0
Multiple Clients (Frozen Beef/Mutton) (Mulla Frozen)

Quantity (Unit KG) 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000
PO Value (RM) 725,000 725,000 725,000 725,000 725,000 725,000 725,000 725,000 725,000 725,000 725,000 725,000
Labor (RM) 8,000 8,000 8,000 8,000 8,000 8,000 8,000 8,000 8,000 8,000 8,000 8,000
Delivery Planning

Cattle (Fattening)
New stock order per cycle (units) 5,000 0 0 5,000 0 0 0 5,000 0 0 0 5,000
Initial monthly stock (units) 2,200 1,400 600 3,000 2,200 1,400 600 3,000 2,200 1,400 600
Feedstock cost (RM) 525,000 231,000 147,000 588,000 315,000 231,000 147,000 588,000 315,000 231,000 147,000 588,000
Cornstalk (RM) 105,000 46,200 29,400 117,600 63,000 46,200 29,400 117,600 63,000 46,200 29,400 117,600
Mineral/vitamin/antibiotic (RM) 1,000 0 0 1,000 0 0 0 1,000 0 0 0 1,000
Vaccination (RM) 1,000 0 0 1,000 0 0 0 1,000 0 0 0 1,000
Shipments (units) 2,800 800 800 2,600 800 800 800 2,600 800 800 800 2,600
Balance Stocks (units) : 2,200 1,400 600 3,000 2,200 1,400 600 3,000 2,200 1,400 600 3,000
Cattle (Breeding)
New stock order per cycle (units) 0 0 0 0 0 0 0 0 0 0 0 0
Initial monthly stock (units) 0 0 0 0 0 0 0 0 0 0 0
Feedstock cost (RM) 0 0 0 0 0 0 0 0 0 0 0 0
Cornstalk (RM) 0 0 0 0 0 0 0 0 0 0 0 0
Mineral/vitamin/antibiotic (RM) 0 0 0 0 0 0 0 0 0 0 0 0
Vaccination (RM) 0 0 0 0 0 0 0 0 0 0 0 0
Shipments (units) 0 0 0 0 0 0 0 0 0 0 0 0
Balance Stocks (units) : 0 0 0 0 0 0 0 0 0 0 0 0
Goat (Trading)
New stock order per cycle (units) 2,500 - - - 2,500 - - - 2,500 - - -
Initial monthly stock (units) - 1,500 1,000 500 - 1,500 1,000 500 - 1,500 1,000 500
Feedstock cost (RM) 22,500 13,500 9,000 4,500 22,500 13,500 9,000 4,500 22,500 13,500 9,000 4,500
Cornstalk (RM) 7,500 4,500 3,000 1,500 7,500 4,500 3,000 1,500 7,500 4,500 3,000 1,500
Mineral/vitamin/antibiotic (RM) 0 0 0 0 0 0 0 0 0 0 0 0
Vaccination (RM) 0 0 0 0 0 0 0 0 0 0 0 0
Shipments (units) 1,000 500 500 500 1,000 500 500 500 1,000 500 500 500
Balance Stocks (units) : 1,500 1,000 500 - 1,500 1,000 500 - 1,500 1,000 500 -
Goat (Breeding)
New stock order per cycle (units) - - - - - - - - - - - -
Initial monthly stock (units) - - - - - - - - - - -
Feedstock cost (RM) - - - - - - - - - - - -
Cornstalk (RM) - - - - - - - - - - - -
Mineral/vitamin/antibiotic (RM) - - - - - - - - - - - -
Vaccination (RM) - - - - - - - - - - - -
Shipments (units) - - - - - - - - - - - -
Balance Stocks (units) : - - - - - - - - - - - -
Frozen
New stock order (KG) 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000
Initial monthly stock (KG) - - - - - - - - - - - -
Shipments (KG) 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000
Balance Stocks (KG) : - - - - - - - - - - - -
Gross Margin Forecast

Monthly Sales (RM) :
Cattle 12,096,000 3,767,040 4,078,080 14,264,640 3,456,000 3,767,040 4,078,080 14,264,640 3,456,000 3,767,040 4,078,080 14,264,640
Goat 700,000 350,000 350,000 350,000 700,000 350,000 350,000 350,000 700,000 350,000 350,000 350,000
Frozen 825,000 825,000 825,000 825,000 825,000 825,000 825,000 825,000 825,000 825,000 825,000 825,000
Overall Sales 13,621,000 4,942,040 5,253,080 15,439,640 4,981,000 4,942,040 5,253,080 15,439,640 4,981,000 4,942,040 5,253,080 15,439,640
Procurement Cost (RM) :
Cattle 18,050,000 - - 18,050,000 - - - 18,050,000 - - - 18,050,000
Goat 1,500,000 - - - 1,500,000 - - - 1,500,000 - - -
Frozen 725,000 725,000 725,000 725,000 725,000 725,000 725,000 725,000 725,000 725,000 725,000 725,000
Feedstock cost (RM)

Cattle 525,000 231,000 147,000 588,000 315,000 231,000 147,000 588,000 315,000 231,000 147,000 588,000
Goat 22,500 13,500 9,000 4,500 22,500 13,500 9,000 4,500 22,500 13,500 9,000 4,500
Cornstalk (RM)
Cattle 105,000 46,200 29,400 117,600 63,000 46,200 29,400 117,600 63,000 46,200 29,400 117,600
Goat 7,500 4,500 3,000 1,500 7,500 4,500 3,000 1,500 7,500 4,500 3,000 1,500
Mineral/vitamin/antibiotic (RM)
Cattle 1,000 - - 1,000 - - - 1,000 - - - 1,000
Goat - - - - - - - - - - - -
Vaccination (RM)
Cattle 1,000 - - 1,000 - - - 1,000 - - - 1,000
Goat - - - - - - - - - - - -
Transportation (RM)
Cattle 242,857 - - 242,857 - - - 242,857 - - - 242,857
Goat 17,986 - - - 17,986 - - - 17,986 - - -
Labor (RM)
Cattle 25,800 25,800 25,800 25,800 25,800 25,800 25,800 25,800 25,800 25,800 25,800 25,800
Goat 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200
Frozen 8,000 8,000 8,000 8,000 8,000 8,000 8,000 8,000 8,000 8,000 8,000 8,000
Overall Cost 21,232,843 1,055,200 948,400 19,766,457 2,685,986 1,055,200 948,400 19,766,457 2,685,986 1,055,200 948,400 19,766,457
Gross Margin (RM)
Cattle (6,854,657) 3,464,040 3,875,880 (4,761,617) 3,052,200 3,464,040 3,875,880 (4,761,617) 3,052,200 3,464,040 3,875,880 (4,761,617)
Goat (849,186) 330,800 336,800 342,800 (849,186) 330,800 336,800 342,800 (849,186) 330,800 336,800 342,800
Frozen 92,000 92,000 92,000 92,000 92,000 92,000 92,000 92,000 92,000 92,000 92,000 92,000
Overall Gross Margin (RM) (7,611,843) 3,886,840 4,304,680 (4,326,817) 2,295,014 3,886,840 4,304,680 (4,326,817) 2,295,014 3,886,840 4,304,680 (4,326,817)
Margin (%)
Cattle -56.7% 92.0% 95.0% -33.4% 88.3% 92.0% 95.0% -33.4% 88.3% 92.0% 95.0% -33.4%
Goat -121.3% 94.5% 96.2% 97.9% -121.3% 94.5% 96.2% 97.9% -121.3% 94.5% 96.2% 97.9%
Frozen 11.2% 11.2% 11.2% 11.2% 11.2% 11.2% 11.2% 11.2% 11.2% 11.2% 11.2% 11.2%
Overall Margin (%) -166.8% 197.6% 202.4% 75.7% -21.8% 197.6% 202.4% 75.7% -21.8% 197.6% 202.4% 75.7%
Yearly Overall Sales 100,487,280.00

Yearly Direct Cost 91,914,985.41
Yearly Gross Margin (RM) - - - - - - - - - - - 8,572,294.59
Yearly Gross Margin (%) 8.5%
Yearly Gross Margin Forecast (via business segmentation)

Cattle Year 1
Sales 85,337,280
Procurement cost 72,200,000
Feedstock cost (RM) 4,053,000
Cornstalk (RM) 810,600
Mineral/vitamin/antibiotic (RM) 4,000
Vaccination (RM) 4,000
Transportation (RM) 971,429
Labor (RM) 309,600
Gross Profit (RM) 6,984,651
Gross Margin (%) 8.2%
Goat
Sales 5,250,000
Feedstock cost (RM) 148,500
Cornstalk (RM) 49,500
Mineral/vitamin/antibiotic (RM) -
Vaccination (RM) -
Transportation (RM) 53,957
Labor (RM) 14,400
Gross Profit (RM) 483,643
Frozen
Sales 9,900,000
Labor (RM) 96,000
Gross Profit (RM) 1,104,000
13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
3,500 3,500 3,500 3,500 3,500 3,500 3,500 3,500 3,500 3,500 3,500 3,500 4,000 4,000 4,000 4,000 4,000 4,000
420 450 480 510 420 450 480 510 420 450 480 510 420 450 480 510 420 450
11.3 11.3 11.3 11.3 11.3 11.3 11.3 11.3 11.3 11.3 11.3 11.3 11.9 11.9 11.9 11.9 11.9 11.9
16,669,800 17,860,500 19,051,200 20,241,900 16,669,800 17,860,500 19,051,200 20,241,900 16,669,800 17,860,500 19,051,200 20,241,900 20,003,760 21,432,600 22,861,440 24,290,280 20,003,760 21,432,600
- - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - -
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
- - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - -
2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 3,000 3,000 3,000 3,000 3,000 3,000
- - - - - - - - - - - - - - - - - -
735 735 735 735 735 735 735 735 735 735 735 735 772 772 772 772 772 772
1,470,000 1,470,000 1,470,000 1,470,000 1,470,000 1,470,000 1,470,000 1,470,000 1,470,000 1,470,000 1,470,000 1,470,000 2,315,250 2,315,250 2,315,250 2,315,250 2,315,250 2,315,250
- - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - -
100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 200,000 200,000 200,000 200,000 200,000 200,000
17.3 17.3 17.3 17.3 17.3 17.3 17.3 17.3 17.3 17.3 17.3 17.3 18.2 18.2 18.2 18.2 18.2 18.2
1,732,500 1,732,500 1,732,500 1,732,500 1,732,500 1,732,500 1,732,500 1,732,500 1,732,500 1,732,500 1,732,500 1,732,500 3,638,250 3,638,250 3,638,250 3,638,250 3,638,250 3,638,250
13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
5,000 - 5,000 5,000 - 5,000 5,000 - 5,000 5,000 - 5,000 - 5,000 5,000 5,000 5,000 5,000
350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350
9.8 9.8 9.8 9.8 9.8 9.8 9.8 9.8 9.8 9.8 9.8 9.8 10.1 10.1 10.1 10.1 10.1 10.1
17,123,750 - 17,123,750 17,123,750 - 17,123,750 17,123,750 - 17,123,750 17,123,750 - 17,123,750 - 17,637,463 17,637,463 17,637,463 17,637,463 17,637,463
242,857 - 242,857 242,857 - 242,857 242,857 - 242,857 242,857 - 242,857 - 242,857 242,857 242,857 242,857 242,857
25,800 25,800 25,800 25,800 25,800 25,800 25,800 25,800 25,800 25,800 25,800 25,800 28,380 28,380 28,380 28,380 28,380 28,380
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 3,000 3,000 3,000 3,000 3,000 3,000
- - - - - - - - - - - - - - - - - -
- 630 630 630 630 630 630 630 630 630 630 630 662 662 662 662 662 662
- 1,260,000 1,260,000 1,260,000 1,260,000 1,260,000 1,260,000 1,260,000 1,260,000 1,260,000 1,260,000 1,260,000 1,984,500 1,984,500 1,984,500 1,984,500 1,984,500 1,984,500
14,388 14,388 14,388 14,388 14,388 14,388 14,388 14,388 14,388 14,388 14,388 14,388 21,583 21,583 21,583 21,583 21,583 21,583
1,320 1,320 1,320 1,320 1,320 1,320 1,320 1,320 1,320 1,320 1,320 1,320 1,452 1,452 1,452 1,452 1,452 1,452
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 200,000 200,000 200,000 200,000 200,000 200,000
15.2 15.2 15.2 15.2 15.2 15.2 15.2 15.2 15.2 15.2 15.2 15.2 16.0 16.0 16.0 16.0 16.0 16.0
1,522,500 1,522,500 1,522,500 1,522,500 1,522,500 1,522,500 1,522,500 1,522,500 1,522,500 1,522,500 1,522,500 1,522,500 3,197,250 3,197,250 3,197,250 3,197,250 3,197,250 3,197,250
8,800 8,800 8,800 8,800 8,800 8,800 8,800 8,800 8,800 8,800 8,800 8,800 9,680 9,680 9,680 9,680 9,680 9,680
13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
5,000 5,000 5,000 5,000 0 5,000 5,000 0 5,000 5,000 0 5,000 0 5,000 5,000 5,000 5,000 5,000
3,000 4,500 6,000 7,500 9,000 5,500 7,000 8,500 5,000 6,500 8,000 4,500 6,000 2,000 3,000 4,000 5,000 6,000
840,000 997,500 1,155,000 1,312,500 945,000 1,102,500 1,260,000 892,500 1,050,000 1,207,500 840,000 997,500 630,000 735,000 840,000 945,000 1,050,000 1,155,000
168,000 199,500 231,000 262,500 189,000 220,500 252,000 178,500 210,000 241,500 168,000 199,500 126,000 147,000 168,000 189,000 210,000 231,000
1,000 1,000 1,000 1,000 0 1,000 1,000 0 1,000 1,000 0 1,000 0 1,000 1,000 1,000 1,000 1,000
1,000 1,000 1,000 1,000 0 1,000 1,000 0 1,000 1,000 0 1,000 0 1,000 1,000 1,000 1,000 1,000
3,500 3,500 3,500 3,500 3,500 3,500 3,500 3,500 3,500 3,500 3,500 3,500 4,000 4,000 4,000 4,000 4,000 4,000
4,500 6,000 7,500 9,000 5,500 7,000 8,500 5,000 6,500 8,000 4,500 6,000 2,000 3,000 4,000 5,000 6,000 7,000
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00
- - - - - - - - - - - - - - - - - -
18,000 18,000 18,000 18,000 18,000 18,000 18,000 18,000 18,000 18,000 18,000 18,000 27,000 27,000 27,000 27,000 27,000 27,000
6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 9,000 9,000 9,000 9,000 9,000 9,000
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 3,000 3,000 3,000 3,000 3,000 3,000
- - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - -
100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 200,000 200,000 200,000 200,000 200,000 200,000
- - - - - - - - - - - - - - - - - -
100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 200,000 200,000 200,000 200,000 200,000 200,000
- - - - - - - - - - - - - - - - - -
13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
16,669,800 17,860,500 19,051,200 20,241,900 16,669,800 17,860,500 19,051,200 20,241,900 16,669,800 17,860,500 19,051,200 20,241,900 20,003,760 21,432,600 22,861,440 24,290,280 20,003,760 21,432,600
1,470,000 1,470,000 1,470,000 1,470,000 1,470,000 1,470,000 1,470,000 1,470,000 1,470,000 1,470,000 1,470,000 1,470,000 2,315,250 2,315,250 2,315,250 2,315,250 2,315,250 2,315,250
1,732,500 1,732,500 1,732,500 1,732,500 1,732,500 1,732,500 1,732,500 1,732,500 1,732,500 1,732,500 1,732,500 1,732,500 3,638,250 3,638,250 3,638,250 3,638,250 3,638,250 3,638,250
19,872,300 21,063,000 22,253,700 23,444,400 19,872,300 21,063,000 22,253,700 23,444,400 19,872,300 21,063,000 22,253,700 23,444,400 25,957,260 27,386,100 28,814,940 30,243,780 25,957,260 27,386,100
17,123,750 - 17,123,750 17,123,750 - 17,123,750 17,123,750 - 17,123,750 17,123,750 - 17,123,750 - 17,637,463 17,637,463 17,637,463 17,637,463 17,637,463
- 1,260,000 1,260,000 1,260,000 1,260,000 1,260,000 1,260,000 1,260,000 1,260,000 1,260,000 1,260,000 1,260,000 1,984,500 1,984,500 1,984,500 1,984,500 1,984,500 1,984,500
1,522,500 1,522,500 1,522,500 1,522,500 1,522,500 1,522,500 1,522,500 1,522,500 1,522,500 1,522,500 1,522,500 1,522,500 3,197,250 3,197,250 3,197,250 3,197,250 3,197,250 3,197,250
840,000 997,500 1,155,000 1,312,500 945,000 1,102,500 1,260,000 892,500 1,050,000 1,207,500 840,000 997,500 630,000 735,000 840,000 945,000 1,050,000 1,155,000
18,000 18,000 18,000 18,000 18,000 18,000 18,000 18,000 18,000 18,000 18,000 18,000 27,000 27,000 27,000 27,000 27,000 27,000
168,000 199,500 231,000 262,500 189,000 220,500 252,000 178,500 210,000 241,500 168,000 199,500 126,000 147,000 168,000 189,000 210,000 231,000
6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 9,000 9,000 9,000 9,000 9,000 9,000
1,000 1,000 1,000 1,000 - 1,000 1,000 - 1,000 1,000 - 1,000 - 1,000 1,000 1,000 1,000 1,000
- - - - - - - - - - - - - - - - - -
1,000 1,000 1,000 1,000 - 1,000 1,000 - 1,000 1,000 - 1,000 - 1,000 1,000 1,000 1,000 1,000
- - - - - - - - - - - - - - - - - -
242,857 - 242,857 242,857 - 242,857 242,857 - 242,857 242,857 - 242,857 - 242,857 242,857 242,857 242,857 242,857
14,388 14,388 14,388 14,388 14,388 14,388 14,388 14,388 14,388 14,388 14,388 14,388 21,583 21,583 21,583 21,583 21,583 21,583
25,800 25,800 25,800 25,800 25,800 25,800 25,800 25,800 25,800 25,800 25,800 25,800 28,380 28,380 28,380 28,380 28,380 28,380
1,320 1,320 1,320 1,320 1,320 1,320 1,320 1,320 1,320 1,320 1,320 1,320 1,452 1,452 1,452 1,452 1,452 1,452
8,800 8,800 8,800 8,800 8,800 8,800 8,800 8,800 8,800 8,800 8,800 8,800 9,680 9,680 9,680 9,680 9,680 9,680
19,973,416 4,055,808 21,611,416 21,800,416 3,990,808 21,548,416 21,737,416 3,927,808 21,485,416 21,674,416 3,864,808 21,422,416 6,034,845 24,043,164 24,169,164 24,295,164 24,421,164 24,547,164
(1,732,607) 16,635,700 270,793 1,272,493 15,510,000 (856,907) 144,793 19,145,100 (1,984,607) (982,907) 18,017,400 1,650,493 19,219,380 2,639,900 3,942,740 5,245,580 833,060 2,135,900
1,430,292 170,292 170,292 170,292 170,292 170,292 170,292 170,292 170,292 170,292 170,292 170,292 271,715 271,715 271,715 271,715 271,715 271,715
201,200 201,200 201,200 201,200 201,200 201,200 201,200 201,200 201,200 201,200 201,200 201,200 431,320 431,320 431,320 431,320 431,320 431,320
(101,116) 17,007,192 642,284 1,643,984 15,881,492 (485,416) 516,284 19,516,592 (1,613,116) (611,416) 18,388,892 2,021,984 19,922,415 3,342,936 4,645,776 5,948,616 1,536,096 2,838,936
-10.4% 93.1% 1.4% 6.3% 93.0% -4.8% 0.8% 94.6% -11.9% -5.5% 94.6% 8.2% 96.1% 12.3% 17.2% 21.6% 4.2% 10.0%
97.3% 11.6% 11.6% 11.6% 11.6% 11.6% 11.6% 11.6% 11.6% 11.6% 11.6% 11.6% 11.7% 11.7% 11.7% 11.7% 11.7% 11.7%
11.6% 11.6% 11.6% 11.6% 11.6% 11.6% 11.6% 11.6% 11.6% 11.6% 11.6% 11.6% 11.9% 11.9% 11.9% 11.9% 11.9% 11.9%
98.5% 116.3% 24.6% 29.5% 116.2% 18.4% 24.0% 117.8% 11.3% 17.7% 117.8% 31.4% 119.7% 35.9% 40.8% 45.2% 27.8% 33.6%
259,900,200
187,092,559
- - - - - - - - - - 72,807,641 - - - - - -
28.0%
13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
Year 2
221,470,200
136,990,000
12,600,000
2,520,000
9,000
9,000
1,942,857
309,600
67,089,743
30.3%
17,640,000
13,860,000
216,000
72,000
-
-
172,662
15,840
3,303,498
18.7%
20,790,000
18,270,000
105,600
2,414,400
11.6%
31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49
4,000 4,000 4,000 4,000 4,000 4,000 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 5,000
480 510 420 450 480 510 420 450 480 510 420 450 480 510 420 450 480 510 420
11.9 11.9 11.9 11.9 11.9 11.9 12.5 12.5 12.5 12.5 12.5 12.5 12.5 12.5 12.5 12.5 12.5 12.5 13.1
22,861,440 24,290,280 20,003,760 21,432,600 22,861,440 24,290,280 23,629,442 25,317,259 27,005,076 28,692,893 23,629,442 25,317,259 27,005,076 28,692,893 23,629,442 25,317,259 27,005,076 28,692,893 27,567,682
- - - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - - -
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
- - - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - - -
3,000 3,000 3,000 3,000 3,000 3,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 5,000
- - - - - - - - - - - - - - - - - - -
772 772 772 772 772 772 810 810 810 810 810 810 810 810 810 810 810 810 851
2,315,250 2,315,250 2,315,250 2,315,250 2,315,250 2,315,250 3,241,350 3,241,350 3,241,350 3,241,350 3,241,350 3,241,350 3,241,350 3,241,350 3,241,350 3,241,350 3,241,350 3,241,350 4,254,272
- - - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - - -
200,000 200,000 200,000 200,000 200,000 200,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 800,000
18.2 18.2 18.2 18.2 18.2 18.2 19.1 19.1 19.1 19.1 19.1 19.1 19.1 19.1 19.1 19.1 19.1 19.1 20.1
3,638,250 3,638,250 3,638,250 3,638,250 3,638,250 3,638,250 7,640,325 7,640,325 7,640,325 7,640,325 7,640,325 7,640,325 7,640,325 7,640,325 7,640,325 7,640,325 7,640,325 7,640,325 16,044,683
31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49
5,000 - 5,000 - 5,000 5,000 - 5,000 5,000 - 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350
10.1 10.1 10.1 10.1 10.1 10.1 10.4 10.4 10.4 10.4 10.4 10.4 10.4 10.4 10.4 10.4 10.4 10.4 10.7
17,637,463 - 17,637,463 - 17,637,463 17,637,463 - 18,166,586 18,166,586 - 18,166,586 18,166,586 18,166,586 18,166,586 18,166,586 18,166,586 18,166,586 18,166,586 18,711,584
242,857 - 242,857 - 242,857 242,857 - 242,857 242,857 - 242,857 242,857 242,857 242,857 242,857 242,857 242,857 242,857 242,857
28,380 28,380 28,380 28,380 28,380 28,380 31,218 31,218 31,218 31,218 31,218 31,218 31,218 31,218 31,218 31,218 31,218 31,218 34,340
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
3,000 3,000 3,000 3,000 3,000 3,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 5,000
- - - - - - - - - - - - - - - - - - -
662 662 662 662 662 662 695 695 695 695 695 695 695 695 695 695 695 695 729
1,984,500 1,984,500 1,984,500 1,984,500 1,984,500 1,984,500 2,778,300 2,778,300 2,778,300 2,778,300 2,778,300 2,778,300 2,778,300 2,778,300 2,778,300 2,778,300 2,778,300 2,778,300 3,646,519
21,583 21,583 21,583 21,583 21,583 21,583 28,777 28,777 28,777 28,777 28,777 28,777 28,777 28,777 28,777 28,777 28,777 28,777 35,971
1,452 1,452 1,452 1,452 1,452 1,452 1,597 1,597 1,597 1,597 1,597 1,597 1,597 1,597 1,597 1,597 1,597 1,597 1,757
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
200,000 200,000 200,000 200,000 200,000 200,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 800,000
16.0 16.0 16.0 16.0 16.0 16.0 16.8 16.8 16.8 16.8 16.8 16.8 16.8 16.8 16.8 16.8 16.8 16.8 17.6
3,197,250 3,197,250 3,197,250 3,197,250 3,197,250 3,197,250 6,714,225 6,714,225 6,714,225 6,714,225 6,714,225 6,714,225 6,714,225 6,714,225 6,714,225 6,714,225 6,714,225 6,714,225 14,099,873
9,680 9,680 9,680 9,680 9,680 9,680 10,648 10,648 10,648 10,648 10,648 10,648 10,648 10,648 10,648 10,648 10,648 10,648 11,713
31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49
5,000 0 5,000 5,000 5,000 5,000 0 5,000 5,000 0 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
7,000 8,000 4,000 5,000 6,000 7,000 8,000 3,500 4,000 4,500 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000
1,260,000 840,000 945,000 1,050,000 1,155,000 1,260,000 840,000 892,500 945,000 472,500 525,000 577,500 630,000 682,500 735,000 787,500 840,000 892,500 945,000
252,000 168,000 189,000 210,000 231,000 252,000 168,000 178,500 189,000 94,500 105,000 115,500 126,000 136,500 147,000 157,500 168,000 178,500 189,000
1,000 0 1,000 1,000 1,000 1,000 0 1,000 1,000 0 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000
1,000 0 1,000 1,000 1,000 1,000 0 1,000 1,000 0 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000
4,000 4,000 4,000 4,000 4,000 4,000 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 5,000
8,000 4,000 5,000 6,000 7,000 8,000 3,500 4,000 4,500 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,000
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 5,000.00
- - - - - - - - - - - - - - - - - - -
27,000 27,000 27,000 27,000 27,000 27,000 36,000 36,000 36,000 36,000 36,000 36,000 36,000 36,000 36,000 36,000 36,000 36,000 45,000
9,000 9,000 9,000 9,000 9,000 9,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 15,000
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
3,000 3,000 3,000 3,000 3,000 3,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 5,000
- - - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - - -
200,000 200,000 200,000 200,000 200,000 200,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 800,000
- - - - - - - - - - - - - - - - - - -
200,000 200,000 200,000 200,000 200,000 200,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 800,000
- - - - - - - - - - - - - - - - - - -
31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49
22,861,440 24,290,280 20,003,760 21,432,600 22,861,440 24,290,280 23,629,442 25,317,259 27,005,076 28,692,893 23,629,442 25,317,259 27,005,076 28,692,893 23,629,442 25,317,259 27,005,076 28,692,893 27,567,682
2,315,250 2,315,250 2,315,250 2,315,250 2,315,250 2,315,250 3,241,350 3,241,350 3,241,350 3,241,350 3,241,350 3,241,350 3,241,350 3,241,350 3,241,350 3,241,350 3,241,350 3,241,350 4,254,272
3,638,250 3,638,250 3,638,250 3,638,250 3,638,250 3,638,250 7,640,325 7,640,325 7,640,325 7,640,325 7,640,325 7,640,325 7,640,325 7,640,325 7,640,325 7,640,325 7,640,325 7,640,325 16,044,683
28,814,940 30,243,780 25,957,260 27,386,100 28,814,940 30,243,780 34,511,117 36,198,934 37,886,751 39,574,568 34,511,117 36,198,934 37,886,751 39,574,568 34,511,117 36,198,934 37,886,751 39,574,568 47,866,636
17,637,463 - 17,637,463 - 17,637,463 17,637,463 - 18,166,586 18,166,586 - 18,166,586 18,166,586 18,166,586 18,166,586 18,166,586 18,166,586 18,166,586 18,166,586 18,711,584
1,984,500 1,984,500 1,984,500 1,984,500 1,984,500 1,984,500 2,778,300 2,778,300 2,778,300 2,778,300 2,778,300 2,778,300 2,778,300 2,778,300 2,778,300 2,778,300 2,778,300 2,778,300 3,646,519
3,197,250 3,197,250 3,197,250 3,197,250 3,197,250 3,197,250 6,714,225 6,714,225 6,714,225 6,714,225 6,714,225 6,714,225 6,714,225 6,714,225 6,714,225 6,714,225 6,714,225 6,714,225 14,099,873
1,260,000 840,000 945,000 1,050,000 1,155,000 1,260,000 840,000 892,500 945,000 472,500 525,000 577,500 630,000 682,500 735,000 787,500 840,000 892,500 945,000
27,000 27,000 27,000 27,000 27,000 27,000 36,000 36,000 36,000 36,000 36,000 36,000 36,000 36,000 36,000 36,000 36,000 36,000 45,000
252,000 168,000 189,000 210,000 231,000 252,000 168,000 178,500 189,000 94,500 105,000 115,500 126,000 136,500 147,000 157,500 168,000 178,500 189,000
9,000 9,000 9,000 9,000 9,000 9,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 15,000
1,000 - 1,000 1,000 1,000 1,000 - 1,000 1,000 - 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000
- - - - - - - - - - - - - - - - - - -
1,000 - 1,000 1,000 1,000 1,000 - 1,000 1,000 - 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000
- - - - - - - - - - - - - - - - - - -
242,857 - 242,857 - 242,857 242,857 - 242,857 242,857 - 242,857 242,857 242,857 242,857 242,857 242,857 242,857 242,857 242,857
21,583 21,583 21,583 21,583 21,583 21,583 28,777 28,777 28,777 28,777 28,777 28,777 28,777 28,777 28,777 28,777 28,777 28,777 35,971
28,380 28,380 28,380 28,380 28,380 28,380 31,218 31,218 31,218 31,218 31,218 31,218 31,218 31,218 31,218 31,218 31,218 31,218 34,340
1,452 1,452 1,452 1,452 1,452 1,452 1,597 1,597 1,597 1,597 1,597 1,597 1,597 1,597 1,597 1,597 1,597 1,597 1,757
9,680 9,680 9,680 9,680 9,680 9,680 10,648 10,648 10,648 10,648 10,648 10,648 10,648 10,648 10,648 10,648 10,648 10,648 11,713
24,673,164 6,286,845 24,295,164 6,540,845 24,547,164 24,673,164 10,620,765 29,095,209 29,158,209 10,179,765 28,654,209 28,717,209 28,780,209 28,843,209 28,906,209 28,969,209 29,032,209 29,095,209 37,980,613
3,438,740 23,253,900 959,060 20,142,220 3,564,740 4,867,580 22,590,224 5,803,597 7,428,414 28,094,675 4,556,780 6,181,597 7,806,414 9,431,232 4,304,780 5,929,597 7,554,414 9,179,232 7,442,901
271,715 271,715 271,715 271,715 271,715 271,715 384,676 384,676 384,676 384,676 384,676 384,676 384,676 384,676 384,676 384,676 384,676 384,676 510,025
431,320 431,320 431,320 431,320 431,320 431,320 915,452 915,452 915,452 915,452 915,452 915,452 915,452 915,452 915,452 915,452 915,452 915,452 1,933,097
4,141,776 23,956,935 1,662,096 20,845,255 4,267,776 5,570,616 23,890,351 7,103,725 8,728,542 29,394,803 5,856,908 7,481,725 9,106,542 10,731,360 5,604,908 7,229,725 8,854,542 10,479,360 9,886,023
15.0% 95.7% 4.8% 94.0% 15.6% 20.0% 95.6% 22.9% 27.5% 97.9% 19.3% 24.4% 28.9% 32.9% 18.2% 23.4% 28.0% 32.0% 27.0%
11.7% 11.7% 11.7% 11.7% 11.7% 11.7% 11.9% 11.9% 11.9% 11.9% 11.9% 11.9% 11.9% 11.9% 11.9% 11.9% 11.9% 11.9% 12.0%
11.9% 11.9% 11.9% 11.9% 11.9% 11.9% 12.0% 12.0% 12.0% 12.0% 12.0% 12.0% 12.0% 12.0% 12.0% 12.0% 12.0% 12.0% 12.0%
38.6% 119.3% 28.4% 117.6% 39.2% 43.6% 119.5% 46.8% 51.4% 121.8% 43.1% 48.3% 52.8% 56.7% 42.1% 47.3% 51.8% 55.8% 51.0%
337,206,240 444,514,109
238,527,014 310,051,617
- - - - - 98,679,226 - - - - - - - - - - - 134,462,491 -
29.3% 30.2%
31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49
Year 3 Year 4
265,764,240 313,934,009
158,737,163 181,665,864
11,865,000 8,820,000
2,373,000 1,764,000
10,000 10,000
10,000 10,000
2,185,714 2,428,571
340,560 374,616
90,242,803 118,860,957
34.0% 37.9%
27,783,000 38,896,200
23,814,000 33,339,600
324,000 432,000
108,000 144,000
- -
- -
258,993 345,324
17,424 19,166
3,260,583 4,616,110
11.7% 11.9%
43,659,000 91,683,900
38,367,000 80,570,700
116,160 127,776
5,175,840 10,985,424
11.9% 12.0%
50 51 52 53 54 55 56 57 58 59 60
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
450 480 510 420 450 480 510 420 450 480 510
13.1 13.1 13.1 13.1 13.1 13.1 13.1 13.1 13.1 13.1 13.1
29,536,802 31,505,922 33,475,042 27,567,682 29,536,802 31,505,922 33,475,042 27,567,682 29,536,802 31,505,922 33,475,042
- - - - - - - - - - -
- - - - - - - - - - -
- - - - - - - - - - -
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
- - - - - - - - - - -
- - - - - - - - - - -
- - - - - - - - - - -
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
- - - - - - - - - - -
851 851 851 851 851 851 851 851 851 851 851
4,254,272 4,254,272 4,254,272 4,254,272 4,254,272 4,254,272 4,254,272 4,254,272 4,254,272 4,254,272 4,254,272
- - - - - - - - - - -
- - - - - - - - - - -
- - - - - - - - - - -
800,000 800,000 800,000 800,000 800,000 800,000 800,000 800,000 800,000 800,000 800,000
20.1 20.1 20.1 20.1 20.1 20.1 20.1 20.1 20.1 20.1 20.1
16,044,683 16,044,683 16,044,683 16,044,683 16,044,683 16,044,683 16,044,683 16,044,683 16,044,683 16,044,683 16,044,683
50 51 52 53 54 55 56 57 58 59 60
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
350 350 350 350 350 350 350 350 350 350 350
10.7 10.7 10.7 10.7 10.7 10.7 10.7 10.7 10.7 10.7 10.7
18,711,584 18,711,584 18,711,584 18,711,584 18,711,584 18,711,584 18,711,584 18,711,584 18,711,584 18,711,584 18,711,584
242,857 242,857 242,857 242,857 242,857 242,857 242,857 242,857 242,857 242,857 242,857
34,340 34,340 34,340 34,340 34,340 34,340 34,340 34,340 34,340 34,340 34,340
0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
- - - - - - - - - - -
729 729 729 729 729 729 729 729 729 729 729
3,646,519 3,646,519 3,646,519 3,646,519 3,646,519 3,646,519 3,646,519 3,646,519 3,646,519 3,646,519 3,646,519
35,971 35,971 35,971 35,971 35,971 35,971 35,971 35,971 35,971 35,971 35,971
1,757 1,757 1,757 1,757 1,757 1,757 1,757 1,757 1,757 1,757 1,757
0 0 0 0 0 0 0 0 0 0 0
800,000 800,000 800,000 800,000 800,000 800,000 800,000 800,000 800,000 800,000 800,000
17.6 17.6 17.6 17.6 17.6 17.6 17.6 17.6 17.6 17.6 17.6
14,099,873 14,099,873 14,099,873 14,099,873 14,099,873 14,099,873 14,099,873 14,099,873 14,099,873 14,099,873 14,099,873
11,713 11,713 11,713 11,713 11,713 11,713 11,713 11,713 11,713 11,713 11,713
50 51 52 53 54 55 56 57 58 59 60
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000
945,000 945,000 945,000 945,000 945,000 945,000 945,000 945,000 945,000 945,000 945,000
189,000 189,000 189,000 189,000 189,000 189,000 189,000 189,000 189,000 189,000 189,000
1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000
1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000
0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0
5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00
- - - - - - - - - - -
45,000 45,000 45,000 45,000 45,000 45,000 45,000 45,000 45,000 45,000 45,000
15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000
0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
- - - - - - - - - - -
- - - - - - - - - - -
- - - - - - - - - - -
- - - - - - - - - - -
- - - - - - - - - - -
- - - - - - - - - - -
- - - - - - - - - - -
- - - - - - - - - - -
- - - - - - - - - - -
800,000 800,000 800,000 800,000 800,000 800,000 800,000 800,000 800,000 800,000 800,000
- - - - - - - - - - -
800,000 800,000 800,000 800,000 800,000 800,000 800,000 800,000 800,000 800,000 800,000
- - - - - - - - - - -
50 51 52 53 54 55 56 57 58 59 60
29,536,802 31,505,922 33,475,042 27,567,682 29,536,802 31,505,922 33,475,042 27,567,682 29,536,802 31,505,922 33,475,042
4,254,272 4,254,272 4,254,272 4,254,272 4,254,272 4,254,272 4,254,272 4,254,272 4,254,272 4,254,272 4,254,272
16,044,683 16,044,683 16,044,683 16,044,683 16,044,683 16,044,683 16,044,683 16,044,683 16,044,683 16,044,683 16,044,683
49,835,756 51,804,876 53,773,997 47,866,636 49,835,756 51,804,876 53,773,997 47,866,636 49,835,756 51,804,876 53,773,997
18,711,584 18,711,584 18,711,584 18,711,584 18,711,584 18,711,584 18,711,584 18,711,584 18,711,584 18,711,584 18,711,584
3,646,519 3,646,519 3,646,519 3,646,519 3,646,519 3,646,519 3,646,519 3,646,519 3,646,519 3,646,519 3,646,519
14,099,873 14,099,873 14,099,873 14,099,873 14,099,873 14,099,873 14,099,873 14,099,873 14,099,873 14,099,873 14,099,873
945,000 945,000 945,000 945,000 945,000 945,000 945,000 945,000 945,000 945,000 945,000
45,000 45,000 45,000 45,000 45,000 45,000 45,000 45,000 45,000 45,000 45,000
189,000 189,000 189,000 189,000 189,000 189,000 189,000 189,000 189,000 189,000 189,000
15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000
1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000
- - - - - - - - - - -
1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000
- - - - - - - - - - -
242,857 242,857 242,857 242,857 242,857 242,857 242,857 242,857 242,857 242,857 242,857
35,971 35,971 35,971 35,971 35,971 35,971 35,971 35,971 35,971 35,971 35,971
34,340 34,340 34,340 34,340 34,340 34,340 34,340 34,340 34,340 34,340 34,340
1,757 1,757 1,757 1,757 1,757 1,757 1,757 1,757 1,757 1,757 1,757
11,713 11,713 11,713 11,713 11,713 11,713 11,713 11,713 11,713 11,713 11,713
37,980,613 37,980,613 37,980,613 37,980,613 37,980,613 37,980,613 37,980,613 37,980,613 37,980,613 37,980,613 37,980,613
9,412,021 11,381,141 13,350,261 7,442,901 9,412,021 11,381,141 13,350,261 7,442,901 9,412,021 11,381,141 13,350,261
510,025 510,025 510,025 510,025 510,025 510,025 510,025 510,025 510,025 510,025 510,025
1,933,097 1,933,097 1,933,097 1,933,097 1,933,097 1,933,097 1,933,097 1,933,097 1,933,097 1,933,097 1,933,097
11,855,143 13,824,263 15,793,383 9,886,023 11,855,143 13,824,263 15,793,383 9,886,023 11,855,143 13,824,263 15,793,383
31.9% 36.1% 39.9% 27.0% 31.9% 36.1% 39.9% 27.0% 31.9% 36.1% 39.9%
12.0% 12.0% 12.0% 12.0% 12.0% 12.0% 12.0% 12.0% 12.0% 12.0% 12.0%
12.0% 12.0% 12.0% 12.0% 12.0% 12.0% 12.0% 12.0% 12.0% 12.0% 12.0%
55.9% 60.2% 63.9% 51.0% 55.9% 60.2% 63.9% 51.0% 55.9% 60.2% 63.9%
609,843,796
455,767,357
- - - - - - - - - - 154,076,439
25.3%
50 51 52 53 54 55 56 57 58 59 60
Year 5
366,256,343
224,539,008
11,340,000
2,268,000
12,000
12,000
2,914,286
412,078
124,758,972
34.1%
51,051,263
43,758,225
540,000
180,000
-
-
431,655
21,083
6,120,300
12.0%
192,536,190
169,198,470
140,554
23,197,166
12.0%
Assumption vector
Static Assumptions
Input
Timings
Model start date Date 01.Jän.16
Financial Year (Annual) 31.Dez
Calculation assumptions
Model units of currency
Report sheets Value RM
Exchange rate Value USD/RM & AUD/RM http://www.bnm.gov.my
General calculation variables
Days in year Value 360
Days in month 30
Months in year Value 12 Trailing twelve Month ("TTM")
1 Sale Cycle Month 4
Cycles per annum Value 3
Salary Based
Market Value
Management
CEO RM 7,000
CFO RM 5,000
COO RM 5,000
CMO RM 0
Finance Team
Finance Manager RM 5,000
Sales & Marketing

Marketing Manager RM 3,000
Operation
Admin Exec RM 0
Site Manager RM 0
Admin/Frozen RM 1,500 Admin: 1 Labor: 1 Driver: 1 Butcher: 1
Labor RM 1,200 Jelebu: 5 Gemas: 9
Security Guard RM 1,500 Jelebu: 2 Gemas: 4
EPF % 12%
Socso % 1%
Bonus (Discretionary) Month 0
Increment (Salaries) % 5%
Increment (Allowances) % 2%
Assumption vector
Capital expendinture
Cattle (Fattening/Trading)
Feedlot (Jelebu) - Capacity 1000 HD RM 150,000 upgrading feedlot JPV [structure, feed/service areas, water tanks]
Feedlot (Gemas) - Capacity 2000 HD RM 150,000 upgrading feedlot JPV [structure, feed/service areas, water tanks]
Feedlot (Tanah Merah) - (2nd Phase) RM 0
Feedlot (Pagoh) - (2nd Phase) RM 0
Foder replanting/feed stock (x2) RM 300,000 plough, rotor, seed, fertilizer
Forage havester (x1) RM 150,000
Chopper machine (x4) (2 operation/ 2 standby) RM 200,000
Tractor (4WD) - 85BHP (x2) RM 220,000
Feed wagon (5 tonnes) (x2) RM 640,000
Skid Loader (2 tonnes) - feed/manure (x2) RM 180,000
Lorry (5 tonne) (x2) RM 240,000
Cattle (Breeding)
Treatment paddock - Ldg. Londah 100 HD RM 0
Treatment paddock - Ldg. Bkt. Rokan 100 HD RM 0
Treatment paddock - Ldg. Bkt. Lawang 100 HD RM 0
Treatment paddock - Ldg. Bkt. Bidong 100 HD RM 0
Treatment paddock - Ldg. Logging Dairy 100 HD RM 0
Water tanks (4x5) RM 0
Milk tanks + milking equipments RM 0
Foder replanting/feed stock (x5) RM 0
Lorry (3 tonne) (x5) RM 0
Chopper machine (x5) RM 0
Motorcycle (Scrambler) (x5) RM 0
Motorcycle (Low Spec) (x5) RM 0
Labs for semen/embryo (UPM) RM 0
Electric fence system (x5) RM 0
Goat/Sheep (Trading)
Goat/Sheep ranch (Jelebu) - Capacity 10,000 HD RM 0 Felcra ranch - Capacity 10,000 HD
Foder replanting/feed stock RM 0 plough, rotor, seed, fertilizer
Goat/Sheep (Breeding)
Goat/Sheep ranch (Pagoh) - Capacity 2,500 HD RM 0 double decker new build ranch - Capacity 5000 HD
Foder replanting/feed stock RM 0 plough, rotor, seed, fertilizer
Chopper machine RM 0
Frozen Beef/Mutton (Trading)
Chiller/coldroom - Capacity 150 tonne RM 200,000
Forklift (2 tonne) RM 90,000
Lorry chiller (5 tonne) (x2) RM 150,000
Van chiller (1 tonne) RM 0 Next phase if necessary
Outlet/Machineries/Equipment procurement RM 60,000
Assumption vector
Working capital
Cattle (Fattening/Trading) [2 feedlots]

Feed stocks (palm kernel cake) - 3,000 tn x RM380 RM 2,100,000 3 cycle/year - 4 months [5kg/hd x 5,000 HD x 30 days x 4 months] RM3.50
Napier grass/corn stalks/front - 3,000 tn x RM140 RM 420,000 Costing on electricity/diesel for chopping/outsource 5kg/day x 5000 HD 0.7
Mineral/vitamins - 5,000 HD RM 60,000 RM3/HD/monthly 0.1
Soya meal - 5,000 HD RM 120,000 RM6/HD/monthly 0.2
Consultancy by UPM (healthcare/yield performance) RM 30,000 1 year consultancy
Insurance (1000HD) (death/dieses/theaf) RM 20,000 2nd Phase
Pre-biotic RM 60,000 RM3/HD/monthly 0.1
Cattle procurement (1st cycle) RM 24,000,000 Average weight 350kg [RM10.7/kg x 380kg x 5000 HD]
Transportation (Jelebu/Gemas) RM 146,200 Average price RM1700 [RM1,700 x (86 trips) Jelebu/Gemas]
Security guard (Jelebu/Gemas) RM 36,000 Jelebu: 2 Gemas: 4 RM1,500/monthly/person
Labor/month [14 labors] RM 67,200 Jelebu: 5 Gemas: 9 Labor - RM1,200
Cattle (Breeding) [4 farms - Beef Cattle] [1 farm - dairy cattle]

Feed stocks (palm kernel cake) - 10 tn x RM650 (x5) RM 0
Napier grass/corn stalks/front - 90 tn x RM100 (x5) RM 0
Mineral/vitamins -1,500 HD (RM10) (x4) + dairy RM 0
Special feed stocks (dairy cattle) - 45 tn x RM1000 RM 0
Vaccination - 1,500 HD (RM10) (x4) + dairy RM 0
Cattle procurement - 1,500 HD (RM2,800) (x4) RM 0
Dairy cattle procurement - 500 HD (RM4,500) RM 0
Transportation - Ladang Peganda (185 trips) (RM2000) RM 0
Consultancy by UPM (breeding process) RM 0
Patent filing to Harta Intelek (breeder) RM 0
Insurance Coverage - (RM50,000) (x5) RM 0
Labor/month [3 labors] (x4) RM 0 3
Dairy Farm - Labor [1 Manager/1 supervisor/4 labors] RM 0 4
Goat / sheep (Trading)
Feed stocks (pkc/complete feed) - 60 tn x RM750 RM 45,000 400g/HD x 2500 x 60 days 0.3
Napier grass/corn stalks - 100 tn x RM140 RM 15,000 Costing on electricity/diesel for chopping/outsource 0.1
Mineral/vitamin - 2,500 HD RM 0 if necessary as majority will be sold directly (admin cost)
Vaccination - 2,500 HD RM 0 if necessary as majority will be sold directly (admin cost)
Goat/sheep procurement (1st cycle) - 2,500 HD RM 1,500,000 Goat/Sheep RM600/HD
Transportation - (9 trips) (RM2,000) RM 18,000 using low-loader
Labor (x1) RM 4,800 Labor - RM1200 [using same manager] 2
Insurance [death, dieses, thief] RM 7,500
Goat / sheep (Breeding)
Feed stocks (palm kernel cake) - 40 tn x RM380 RM 0
Napier grass/corn stalks/front - 40 tn x RM140 RM 0 Costing on electricity/diesel for chopping/outsource
Mineral/vitamin - 2,500 HD RM 0 part of feed cost
Vaccination - 2,500 HD RM 0 part of feed cost
Goat/sheep procurement (1st cycle) - 2,500 HD RM 0 Boer Cross Goat - 1,500 HD (RM870)
Transportation - (9 trips) (RM2,000) RM 0
Labor [2 labors] RM 0 Labor - RM1200 2
Insurance [death, dieses, thief] RM 0
Frozen stock procurement
Mutton Carcasses/shoulders - 40 tn RM 600,000 RM15.50/kg x 40,000kg
Australian cattle carcasses - 40 tn RM 650,000 RM15.50/kg x 20,000kg
Indian Buffolo - 40 tn RM 550,000 RM10/kg x 60,000kg
Transport (3 trips) (RM2,500) RM 7,500 trailer with lifter crane
Labor [1 manager/ 1 supervisor/ 2 labors] RM 7,900 Manager - RM3,500, Supervisor RM2,000, Labor - RM1,200 2
14
Assumption vector
Operation Expenses
Yearly Estimated
Monthly
Escalation (%)
General & Administrative Expenses
Professional fees RM 200 3% (Including Advisor fees, Auditor, Company Secretary, & Legal)
Directors' remuneration RM 5,000 3%
Salaries RM 25,000 5% Refer Staffing Sheet
Insurance
Cattle shipment (fattening) RM 100,000 0% Upfront premium RM100,000 / annum
Cattle shipment (breeding) RM 0 0% Upfront premium RM20,000 /annum
Goat / sheep shipment (trading) RM 15,000 0%
Goat / sheep shipment (breeding) RM 0 0%
Medical expenses RM 5,000 3% Medical card
Rental
Rental of Facilities/Land to JPV/State Government RM 50,000 0% Jelebu & Gemas
Warehouse (Frozen Meat / Mutton) RM 5,000 0%
Utilities
Feedlot in Jelebu & Gemas RM 10,000 3%
Warehouse (Frozen Meat / Mutton) RM 5,000 3%
Stationery RM 500 3%
Upkeep of office RM 500 3%
Repairs & Maintenance of equipment RM 1,000 3%
Miscellaneous expenses RM 2,000 0%
EPF Contribution & socso RM 7,384 5% Intercorrelate with salary increment
Bonus RM 0 Upon board discretion for every financial year end
Sales & Marketing Expenses

Consultancy fees RM 30,000 0% profesional UPM consultants
Training expenses RM 1,000 3%
Miscellaneous expenses RM 2,000 2%
Finance Expenses
Interest on loan RM 175,000 per month
Interrest on hire purchase RM 8,529 per month
Depreciation RM 25,583 per month
Accounting, Finance Charges,Tax assumptions & etc.

Depreciation & Capital Allowances Fixed Assets
1 Forklift (2 tonne) % 20%
2 Lorry (5 tonne) % 20%
3 Tractor (85 hp) % 20%
4 Lorry Chiller (3 tonne) % 20%
5 Skidloader % 20%
6 Feed wagon % 20%
Corporate Tax rate % 25% Exclude the probability of being awarded the Pioneer Status for Breeding Technology
Interest on Term Loan (Financing) % 8%

Interest on Hire Purchase
Forklift (2 tonne) % 5%
Lorry (5 tonne) % 5%
Tractor (85 hp) % 5%
Lorry Chiller (3 tonne) % 5%
Skidloader % 5%
Feed wagon % 9%
Dividend rate policy % 20%

Assumption vector
Asset Purchased
1 Forklift (2 tonne) RM 90,000 per unit x3 270,000
2 Lorry (5 tonne) RM 90,000 per unit x2 180,000
3 Tractor (85 hp) RM 90,000 per unit x2 180,000
4 Lorry Chiller (3 tonne) RM 105,000 per unit x1 105,000
5 Skidloader RM 80,000 per unit x2 160,000
6 Feed wagon RM 320,000 per unit x2 640,000
Depreciation (SL-B)
1 Forklift (2 tonne) RM 4,500 per month
2 Lorry (5 tonne) RM 3,000 per month
3 Tractor (85 hp) RM 3,000 per month
4 Lorry Chiller (3 tonne) RM 1,750 per month
5 Skidloader RM 2,667 per month
6 Feed wagon RM 10,667 per month
Financing
Loan financing (i.e Bank Islam, Bank Pembangunan) RM
Equity financing RM 30,000,000
Hybrid financing RM 0
Amortization Payment
Banking facilities
Tenure Year 20
Repayment schedule Month 240
Principal repayment RM 0 per month
Interest repayment RM 0 per month
Total repayment RM 0 per month
Hire Purchase
1 Forklift (2 tonne) (x 3)
Tenure Year 7
Principal repayment RM 3,214 per month
Interest repayment RM 1,125 per month
Total repayment RM 4,339 per month
2 Lorry (5 tonne) (x 2)
Tenure Year 7
3 Tractor (85 hp) (x 2)
Tenure Year 7
4 Lorry chiller (3 tonne) (x 1)
Tenure Year 7
5 Skidloader (x 2)
Tenure Year 4
6 Feed wagon (x 2)
Tenure Year 4
Interest repayment RM 4,800 per month
Assumption vector
Revenue Assumption
Cattle (Fattening) 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%
Sales growth per annum (units/TTM) % 40% Month Mth 1 Mth 2 Mth 3 Mth 4 Mth 5 Mth 6 Mth 7 Mth 8 Mth 9 Mth 10 Mth 11 Mth 12 Balance after Balance (%)
Yr 1 Unit 20,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 (4,000) -20.0%
Yr 2 Unit 28,000 2,800 2,800 2,800 2,800 2,800 2,800 2,800 2,800 2,800 2,800 2,800 2,800 (5,600) -20.0%
Yr 3 Unit 39,200 3,920 3,920 3,920 3,920 3,920 3,920 3,920 3,920 3,920 3,920 3,920 3,920 (7,840) -20.0%
Yr 4 Unit 54,880 5,488 5,488 5,488 5,488 5,488 5,488 5,488 5,488 5,488 5,488 5,488 5,488 (10,976) -20.0%
Yr 5 Unit 76,832 7,683 7,683 7,683 7,683 7,683 7,683 7,683 7,683 7,683 7,683 7,683 7,683 (15,366) -20.0%
Assuming that balance of stock carried forward from last shipment for TTM period spanning from 5% to 20% ("Balance (%)")
Selling Price escalation % 5%

Yr 1 RM 10.8 per kg
Yr 2 RM 11.3 per kg
Yr 3 RM 11.9 per kg
Yr 4 RM 12.5 per kg
Yr 5 RM 13.1 per kg
Cattle (Breeding)
Sales growth per annum (units/TTM) % 20% Month Mth 1 Mth 2 Mth 3 Mth 4 Mth 5 Mth 6 Mth 7 Mth 8 Mth 9 Mth 10 Mth 11 Mth 12
Yr 1: Brahman Breeder (Beef Cattle) Unit 0 0 0 0 0 0 0 0 0 0 0 0
Fresien-Jersey (Dairy Cattle) - milk (litres) Unit 0 litre [250HD x 8L x 30 days] 0 0 0 0 0 60000 60000 60000 60000 60000 60000 60000
Yr 2: Brahman (Beef Cattle) [weight: 150kg] [50% birth] Unit 0 HD [Baseline] Breeding growth 20% 0 0 0 0 0 0 0 0 0 0 1500 1500
Fresien-Jersey (Dairy Cattle) - milk (litres) Unit 0 litre [250HD x 8L x 30 days] Dairy cattle growth 20% 60000 60000 60000 60000 60000 60000 60000 60000 60000 60000 60000 60000
Yr 3: Brahman (Beef Cattle) [weight: 150kg] [50% birth] Unit 0 HD [+600 HD] 0 0 0 0 0 1750 1750 0 0 0 0 0
Fresien-Jersey (dairy Cattle) - milk (litres) Unit 0 additional 12,000 litres
litre [Yr 2 + 50HD x 8L x 30 days] 72000 72000 72000 72000 72000 72000 72000 72000 72000 72000 72000 72000
Yr 4: Brahman (Beef Cattle) [weight: 150kg] [50% birth] Unit 0 HD [+720 HD] 0 0 0 0 0 0 0 0 0 0 1860 1860
Fresien-Jersey (dairy cattle) - milk (litres) Unit 0 additional 12,000 litres
Yr 5: Brahman (Beef Cattle) [weight: 150kg] [50% birth] Unit 0 HD [+ 744 HD] 0 0 0 0 0 2232 2232 0 0 0 0 0
Fresien-Jersey (Dairy Cattle) - milk (litres) Unit 0.0 additional 12,000 litres
Selling Price RM per kg

Brahman RM 0.0 per kg
Fresien-Jersey RM 0.0 per kg
Fresh Milk [10 litres/HD - worse case] [500HD] RM 0.0 per litre
Goat/Sheep (Trading) 33.33% 33.33% 33.33% 33.33% 33.33% 33.33% 33.33% 33.33% 33.33% 33.33% 33.33% 33.33%
Yr 1 Unit 7,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 (22,500) -300.0%
Yr 2 Unit 9,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 (27,000) -300.0%
Yr 3 Unit 10,800 3,600 3,600 3,600 3,600 3,600 3,600 3,600 3,600 3,600 3,600 3,600 3,600 (32,400) -300.0%
Yr 4 Unit 12,960 4,320 4,320 4,320 4,320 4,320 4,320 4,320 4,320 4,320 4,320 4,320 4,320 (38,880) -300.0%
Yr 5 Unit 15,552 5,184 5,184 5,184 5,184 5,184 5,184 5,184 5,184 5,184 5,184 5,184 5,184 (46,656) -300.0%
Assuming that balance of stock carried forward from last shipment for TTM period spanning from 3% to 5% ("Balance (%)")
Selling Price escalation % 5% Assuming price for 45 kg goat/ sheep equivalent to 13.5/kg
Yr 1 RM 700 per unit
Goat (Breeding)
Sales growth per annum (units/TTM) % 20% Month Mth 1 Mth 2 Mth 3 Mth 4 Mth 5 Mth 6 Mth 7 Mth 8 Mth 9 Mth 10 Mth 11 Mth 12
Yr 1: Boer Cross Goat Unit 0 0 0 0 0 0 0 0 0 0 0 0 0
Yr 2: Boer Cross Goat [50% birth] Unit 0 HD (Baseline) 625 0 0 0 0 0 625 0 0 0 0 0
Yr 3: Boer Cross Goat [50% birth] Unit 0 HD (+ 250 HD) 750 0 0 0 0 0 750 0 0 0 0 0
Sales Price escalation % 5% price volatility depends on seasonal impact

Yr 1 RM 0
Yr 2 RM 0
Yr 3 RM 0
Yr 4 RM 0
Yr 5 RM 0
Assumption vector
Frozen Beef/Mutton (Trading) 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00%
Ratio (%) 15% 15% 15% 15% 15% 15% 15% 15% 15% 15% 15% 15% TTM
Yr 1 KG 600,000 90,000 90,000 90,000 90,000 90,000 90,000 90,000 90,000 90,000 90,000 90,000 90,000 (480,000) -80.0%
Yr 2 KG 720,000 108,000 108,000 108,000 108,000 108,000 108,000 108,000 108,000 108,000 108,000 108,000 108,000 (576,000) -80.0%
Yr 3 KG 864,000 129,600 129,600 129,600 129,600 129,600 129,600 129,600 129,600 129,600 129,600 129,600 129,600 (691,200) -80.0%
Yr 4 KG 1,036,800 155,520 155,520 155,520 155,520 155,520 155,520 155,520 155,520 155,520 155,520 155,520 155,520 (829,440) -80.0%
Yr 5 KG 1,244,160 186,624 186,624 186,624 186,624 186,624 186,624 186,624 186,624 186,624 186,624 186,624 186,624 (995,328) -80.0%
Selling Price escalation % 5%

Yr 1 RM 16.5 per kg
Yr 2 RM 17.3 per kg
Yr 3 RM 18.2 per kg
Yr 4 RM 19.1 per kg
Yr 5 RM 20.1 per kg
Cost of Good Available for Sale Assumption
Cattle (Fattening) 25.00% 0.00% 0.00% 25.00% 0.00% 0.00% 0.00% 25.00% 0.00% 0.00% 0.00% 25.00%
Procurement growth per annum (units/TTM) % 40% Month Mth 1 Mth 2 Mth 3 Mth 4 Mth 5 Mth 6 Mth 7 Mth 8 Mth 9 Mth 10 Mth 11 Mth 12
Yr 1 Unit 20,000 5,000 - - 5,000 - - - 5,000 - - - 5,000
Yr 2 Unit 28,000 6,000 - - 7,000 - - - 7,000 - - - 7,000
Yr 3 Unit 39,200 9,800 - - 9,800 - - - 9,800 - - - 9,800
Yr 4 Unit 54,880 13,720 - - 13,720 - - - 13,720 - - - 13,720
Yr 5 Unit 76,832 19,208 - - 19,208 - - - 19,208 - - - 19,208
Purchase Price escalation % 3% price volatility depends on seasonal impact

Yr 1 RM 9.5 per kg
Yr 2 RM 9.8 per kg
Yr 3 RM 10.1 per kg
Yr 4 RM 10.4 per kg
Yr 5 RM 10.7 per kg
Cattle (Breeding)
Yr 1 Brahman Breeder (Beef Cattle) Unit 0 3000 3000
Yr 1 Fresien-Jersey (Dairy Cattle) Unit 0 500
Purchase Price % 30%

Yr 1 Brahman RM 0.0 per kg
Yr 1 Fresien-Jersey RM 0.0 per kg
Goat/Sheep (Trading) 20% 20% 20%

Yr 1 Unit 7,500 2,500 - - - 2,500 - - - 2,500 - - -
Yr 2 Unit 9,000 3,000 - - - 3,000 - - - 3,000 - - -
Yr 3 Unit 10,800 3,600 - - - 3,600 - - - 3,600 - - -
Yr 4 Unit 12,960 4,320 - - - 4,320 - - - 4,320 - - -
Yr 5 Unit 15,552 5,184 - - - 5,184 - - - 5,184 - - -
Purchase Price escalation % 5% price volatility depends on seasonal impact and assuming price for 45 kg goat/sheep equivalent to 11.20/kg
Assumption vector
Goat (Breeding)
Yr 1 Boer Cross Goat Unit 0 2500
Purchase Price escalation % 5% price volatility depends on seasonal impact

Yr 1 RM 0 one-off per kg
Frozen Beef/Mutton (Trading) 20.00% 16.67% 16.67% 16.67% 16.67% 16.67% 20.00% 20.00% 16.67% 16.67% 16.67% 16.67%
Yr 1 KG 600,000 120,000 100,000 100,000 100,000 100,000 100,000 120,000 120,000 100,000 100,000 100,000 100,000
Yr 2 KG 720,000 144,000 120,000 120,000 120,000 120,000 120,000 144,000 144,000 120,000 120,000 120,000 120,000
Yr 3 KG 864,000 172,800 144,000 144,000 144,000 144,000 144,000 172,800 172,800 144,000 144,000 144,000 144,000
Yr 4 KG 1,036,800 207,360 172,800 172,800 172,800 172,800 172,800 207,360 207,360 172,800 172,800 172,800 172,800
Yr 5 KG 1,244,160 248,832 207,360 207,360 207,360 207,360 207,360 248,832 248,832 207,360 207,360 207,360 207,360
Purchase Price escalation % 5%

Yr 1 RM 14.5
Yr 2 RM 15.2
Yr 3 RM 16.0
Yr 4 RM 16.8
Yr 5 RM 17.6
Cost of Good Sold Assumption
Cattle (Fattening)
Feed stocks (palm kernel cake) RM / day 3.50 per cattle RM 105.0 /month
Napier grass / Cornstalks RM / day 0.7 per cattle RM 21.0 /month
Mineral/vitamins RM / day 0.2 per cattle RM 06.0 /month
Pre-biotic RM / day 0.2 per cattle RM 06.0 /month
Labor
Feedlot labor RM /month 1,200 per labor x 14 16,800
Manager RM /month 0 per labor x0 0
Supervisor RM /month 0 per labor x0 0
Security RM /month 1,500 per labor x6 9,000
x 20 25,800
Transportation cost RM 1,700 per trailer
Trailer average capacity Unit 35 per trailer
Cattle (Breeding)
Feed stocks (palm kernel cake) RM / day 0 per cattle RM0.00 /month
Napier grass / Cornstalks / front RM / day 0 per cattle RM0.00 /month
Mineral/vitamins/antibiotic RM / year 0 per cattle
Vaccination RM / year 0 per cattle
Labor RM /month 0 per labor x3 0
Consultancy RM /month 0
Insurance RM /month 0
Transportation cost RM 0
Trailer average capacity Unit 0
Cattle Breeding (Dairy Cattle) (500 HD)
Feed stocks (palm kernel cake) RM / day 0.00 per cattle RM3.90 /month
Napier grass/Cornstalks RM / day 0.00 per cattle RM6.00 /month
Soya meal RM / day 0.00 per cattle RM45,000 /month
Mineral/vitamins RM / year 0 per cattle
Pre-biotic RM / year 0 per cattle
Manager RM / month 0 per labor x1 0
Supervisor RM / month 0 per labor x1 0
Labor RM / month 0 per labor x4 0
Consultancy (UPM) RM / month 0 x6 0
Insurance RM / month 0
Transportation cost RM / cycle 0 per trailer RM2,000.00 /cycle
Assumption vector
Goat/Sheep (Trading)
Feed stocks (palm kernel cake) RM / day 0.3 per sheep/goat RM 9.0 /month
Napier grass / Cornstalks / front RM / day 0.1 per sheep/goat RM 03.0 /month
Mineral/vitamins/antibiotic RM/year 0 per sheep/goat
Vaccination RM/year 0 per sheep/goat
Labor
Feedlot labor RM /month 1,200 per labor x1 1,200
Manager RM /month 0 per labor x0 0
Supervisor RM /month 0 per labor x0 0
Insurance RM /month 625 x1 1,200
Transportation cost RM 2,000 per trailer
Goat Breeding (2,500 HD)
Feed stocks (palm kernel cake) RM / day 0.00 per goat RM0.00 /month Calculation based on new stock order plus initial respective monthly stock
Napier grass/Cornstalks/frond RM / day 0.000 per goat RM0.00 /month Calculation based on new stock order plus initial respective monthly stock
Mineral/vitamins/antibiotic RM / year 0.00 per goat
Vaccination RM / year 0.00 per goat
Feedlot labor RM / month 0.00 per labor x2 0
Insurance RM / month 0.00 per goat
Transportation cost RM / cycle 0.00 per goat
Labor
Warehouse labor RM /month 2,000 per labor x2 4,000
Butcher RM /month 2,000 per labor x1 2,000
Driver RM /month 2,000 per labor x1 2,000
Insurance RM /month 0 x4 8,000
Transportation cost RM
Trailer average capacity Unit 40 tonne
OPEX
Tekno Integrated Farm 5 Years Expenses sheet
Company : Tekno Integrated Farm
Overhead Expenses
No. Expenses Total YEAR 1 Year 1

Mth 1 Mth 2 Mth3 Mth4 Mth 5 Mth 6 Mth 7 Mth 8 Mth 9 Mth 10 Mth 11 Mth 12 (RM)
General & Administrative Expenses

Professional fees 12,742 200 200 200 200 200 200 200 200 200 200 200 200 2,400
Directors' remuneration 318,548 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 60,000
Salaries 1,657,689 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 300,000
Insurance
Cattle shipment (fattening) 500,000 100,000 100,000
Cattle shipment (breeding) 0 0
Goat / sheep shipment (trading) 15,000 15,000
Goat / sheep shipment (breeding) 0 0 0
Medical expenses 318,548 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 60,000
Rental
Rental of Facilities/Land to JPV/State Government 3,000,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 600,000
Shoplot (Frozen Meat/Mutton) 300,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 60,000
Utilities
Feedlot/Land (JPV/State Government) 637,096 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 120,000
Shoplot 318,548 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 60,000
Stationery 31,855 500 500 500 500 500 500 500 500 500 500 500 500 6,000
Upkeep of office 31,855 500 500 500 500 500 500 500 500 500 500 500 500 6,000
Repairs & Maintenance of equipment 63,710 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 12,000
Miscellaneous expenses 120,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 24,000
EPF Contribution & socso 489,615 7,384 7,384 7,384 7,384 7,384 7,384 7,384 7,384 7,384 7,384 7,384 7,384 88,608
Bonus 0 0 0
Sales & Marketing Expenses

Consultancy fees 1,800,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 360,000
Training expenses 63,710 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 12,000
Miscellaneous expenses 124,897 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 24,000
Total Cash Outflow-Expenses 9,803,813 264,584 149,584 149,584 149,584 149,584 149,584 149,584 149,584 149,584 149,584 149,584 149,584 1,895,008
Assumptions/Basis Used
1 off cost (exclude additional premium to be paid for additional cycle per annum)
OPEX
YEAR 2 Year2 YEAR 3 Year 3

Mth 1 Mth 2 Mth3 Mth4 Mth 5 Mth 6 Mth 7 Mth 8 Mth 9 Mth 10 Mth 11 Mth 12 (RM) Mth 1 Mth 2 Mth3 Mth4 Mth 5 Mth 6 Mth 7 Mth 8 Mth 9 Mth 10 Mth 11 Mth 12 (RM)
206 206 206 206 206 206 206 206 206 206 206 206 2,472 212 212 212 212 212 212 212 212 212 212 212 212 2,546
5,150 5,150 5,150 5,150 5,150 5,150 5,150 5,150 5,150 5,150 5,150 5,150 61,800 5,305 5,305 5,305 5,305 5,305 5,305 5,305 5,305 5,305 5,305 5,305 5,305 63,654
26,250 26,250 26,250 26,250 26,250 26,250 26,250 26,250 26,250 26,250 26,250 26,250 315,000 27,563 27,563 27,563 27,563 27,563 27,563 27,563 27,563 27,563 27,563 27,563 27,563 330,750
100,000 100,000 100,000 100,000

0 0
15,000 15,000
0 0 0 0 0 0 0 0 0
5,150 5,150 5,150 5,150 5,150 5,150 5,150 5,150 5,150 5,150 5,150 5,150 61,800 5,305 5,305 5,305 5,305 5,305 5,305 5,305 5,305 5,305 5,305 5,305 5,305 63,654
50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 600,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 600,000
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 60,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 60,000
0
10,300 10,300 10,300 10,300 10,300 10,300 10,300 10,300 10,300 10,300 10,300 10,300 123,600 10,609 10,609 10,609 10,609 10,609 10,609 10,609 10,609 10,609 10,609 10,609 10,609 127,308
5,150 5,150 5,150 5,150 5,150 5,150 5,150 5,150 5,150 5,150 5,150 5,150 61,800 5,305 5,305 5,305 5,305 5,305 5,305 5,305 5,305 5,305 5,305 5,305 5,305 63,654
515 515 515 515 515 515 515 515 515 515 515 515 6,180 530 530 530 530 530 530 530 530 530 530 530 530 6,365
515 515 515 515 515 515 515 515 515 515 515 515 6,180 530 530 530 530 530 530 530 530 530 530 530 530 6,365
1,030 1,030 1,030 1,030 1,030 1,030 1,030 1,030 1,030 1,030 1,030 1,030 12,360 1,061 1,061 1,061 1,061 1,061 1,061 1,061 1,061 1,061 1,061 1,061 1,061 12,731
2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 24,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 24,000
7,753 7,753 7,753 7,753 7,753 7,753 7,753 7,753 7,753 7,753 7,753 7,753 93,038 8,141 8,141 8,141 8,141 8,141 8,141 8,141 8,141 8,141 8,141 8,141 8,141 97,690
0 0 0 0
30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 360,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 360,000
1,030 1,030 1,030 1,030 1,030 1,030 1,030 1,030 1,030 1,030 1,030 1,030 12,360 1,061 1,061 1,061 1,061 1,061 1,061 1,061 1,061 1,061 1,061 1,061 1,061 12,731
2,040 2,040 2,040 2,040 2,040 2,040 2,040 2,040 2,040 2,040 2,040 2,040 24,480 2,081 2,081 2,081 2,081 2,081 2,081 2,081 2,081 2,081 2,081 2,081 2,081 24,970
267,089 152,089 152,089 152,089 152,089 152,089 152,089 152,089 152,089 152,089 152,089 152,089 1,925,070 269,702 154,702 154,702 154,702 154,702 154,702 154,702 154,702 154,702 154,702 154,702 154,702 1,956,418
OPEX
g = 1.00%
YEAR 4 Year 4 YEAR 5 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10

Mth 1 Mth 2 Mth3 Mth4 Mth 5 Mth 6 Mth 7 Mth 8 Mth 9 Mth 10 Mth 11 Mth 12 (RM) Mth 1 Mth 2 Mth3 Mth4 Mth 5 Mth 6 Mth 7 Mth 8 Mth 9 Mth 10 Mth 11 Mth 12 (RM)
219 219 219 219 219 219 219 219 219 219 219 219 2,623 225 225 225 225 225 225 225 225 225 225 225 225 2,701 2,728 2,756 2,783 2,811 2,839
5,464 5,464 5,464 5,464 5,464 5,464 5,464 5,464 5,464 5,464 5,464 5,464 65,564 5,628 5,628 5,628 5,628 5,628 5,628 5,628 5,628 5,628 5,628 5,628 5,628 67,531 68,206 68,888 69,577 70,273 70,975
28,941 28,941 28,941 28,941 28,941 28,941 28,941 28,941 28,941 28,941 28,941 28,941 347,288 30,388 30,388 30,388 30,388 30,388 30,388 30,388 30,388 30,388 30,388 30,388 30,388 364,652 474,047 497,750 522,637 548,769 576,208
100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000

0 0 0 0 0 0 0 0
15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000
0 0 0 0 0 0 0 0 0 0 0 50,000 50,000 50,000 50,000
5,464 5,464 5,464 5,464 5,464 5,464 5,464 5,464 5,464 5,464 5,464 5,464 65,564 5,628 5,628 5,628 5,628 5,628 5,628 5,628 5,628 5,628 5,628 5,628 5,628 67,531 68,206 68,888 69,577 70,273 70,975
50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 600,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 600,000 72,000 72,000 72,000 72,000 72,000
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 60,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 60,000 60,000 60,000 60,000 60,000 60,000
10,927 10,927 10,927 10,927 10,927 10,927 10,927 10,927 10,927 10,927 10,927 10,927 131,127 11,255 11,255 11,255 11,255 11,255 11,255 11,255 11,255 11,255 11,255 11,255 11,255 135,061 136,412 137,776 139,154 140,545 141,951
5,464 5,464 5,464 5,464 5,464 5,464 5,464 5,464 5,464 5,464 5,464 5,464 65,564 5,628 5,628 5,628 5,628 5,628 5,628 5,628 5,628 5,628 5,628 5,628 5,628 67,531 68,206 68,888 69,577 70,273 70,975
546 546 546 546 546 546 546 546 546 546 546 546 6,556 563 563 563 563 563 563 563 563 563 563 563 563 6,753 6,821 6,889 6,958 7,027 7,098
546 546 546 546 546 546 546 546 546 546 546 546 6,556 563 563 563 563 563 563 563 563 563 563 563 563 6,753 6,821 6,889 6,958 7,027 7,098
1,093 1,093 1,093 1,093 1,093 1,093 1,093 1,093 1,093 1,093 1,093 1,093 13,113 1,126 1,126 1,126 1,126 1,126 1,126 1,126 1,126 1,126 1,126 1,126 1,126 13,506 13,641 13,778 13,915 14,055 14,195
2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 24,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 24,000 24,240 24,482 24,727 24,974 25,224
8,548 8,548 8,548 8,548 8,548 8,548 8,548 8,548 8,548 8,548 8,548 8,548 102,575 8,975 8,975 8,975 8,975 8,975 8,975 8,975 8,975 8,975 8,975 8,975 8,975 107,704 140,015 147,015 154,366 162,084 170,189
0 0 0 0 0 0 0 0 0
30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 360,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 360,000 60,000 60,000 60,000 60,000 60,000
1,093 1,093 1,093 1,093 1,093 1,093 1,093 1,093 1,093 1,093 1,093 1,093 13,113 1,126 1,126 1,126 1,126 1,126 1,126 1,126 1,126 1,126 1,126 1,126 1,126 13,506
2,122 2,122 2,122 2,122 2,122 2,122 2,122 2,122 2,122 2,122 2,122 2,122 25,469 2,165 2,165 2,165 2,165 2,165 2,165 2,165 2,165 2,165 2,165 2,165 2,165 25,978 26,238 26,501 26,766 27,033 27,304
272,426 157,426 157,426 157,426 157,426 157,426 157,426 157,426 157,426 157,426 157,426 157,426 1,989,110 275,267 160,267 160,267 160,267 160,267 160,267 160,267 160,267 160,267 160,267 160,267 160,267 2,038,206 1,462,580 1,547,498 1,583,994 1,622,144 1,662,030
OPEX
g = 5.0%
g = 5.0%
Salaries breakdwn
Overhead Costs for Staffing

Yr 1
1st Q 2nd Q 3rd Q 4th Q 1st Q 2nd Q 3rd Q
Quantity Personel RM
105% 1.0 CEO 7,000 21,000 21,000 21,000 21,000 22,050 22,050 22,050
105% 1.0 COO 5,000 15,000 15,000 15,000 15,000 15,750 15,750 15,750
105% 1.0 CFO 5,000 15,000 15,000 15,000 15,000 15,750 15,750 15,750
105% 1.0 Finance Manager 5,000 15,000 15,000 15,000 15,000 15,750 15,750 15,750
105% 2.0 Admin Exec - - - - - - - -
105% 1.0 Marketing Manager 3,000 9,000 9,000 9,000 9,000 9,450 9,450 9,450
105% 4.0 Site Manager - - - - - - - -
105% 4.0 Admin/Labor/Driver 6,000 18,000 18,000 18,000 18,000 18,900 18,900 18,900
105% 6.0 Security Guards 9,000 27,000 27,000 27,000 27,000 28,350 28,350 28,350
105% 14.0 Labour 16,800 50,400 50,400 50,400 50,400 52,920 52,920 52,920
Total / monthly direct labor 31,800 33,390

Total / monthly mgmt 25,000 26,250
Total / quarterly 75,000 75,000 75,000 75,000 78,750 78,750 78,750
Total / yearly 300,000
Summary 2014 2015 2016 2017

RM 300,000 RM 315,000 RM 330,750 RM 347,288
Salaries breakdwn
Employee Provident Fund Contribution (Employer)

Quantity Core Personel
1.0 CEO 12.00% 2,520.00 2,520.00 2,520.00 2,520.00 2,646.00 2,646.00 2,646.00
1.0 COO 12.00% 1,800.00 1,800.00 1,800.00 1,800.00 1,890.00 1,890.00 1,890.00
1.0 CFO 12.00% 1,800.00 1,800.00 1,800.00 1,800.00 1,890.00 1,890.00 1,890.00
1.0 Finance Manager 12.00% 1,800.00 1,800.00 1,800.00 1,800.00 1,890.00 1,890.00 1,890.00
2.0 Admin Exec 12.00% - - - - - - -
1.0 Marketing Manager 12.00% 1,080.00 1,080.00 1,080.00 1,080.00 1,134.00 1,134.00 1,134.00
4.0 Site Manager 12.00% - - - - - - -
7.0 Site Supervisor 12.00% 2,160.00 2,160.00 2,160.00 2,160.00 2,268.00 2,268.00 2,268.00
6.0 Security Guard 12.00% 3,240.00 3,240.00 3,240.00 3,240.00 3,402.00 3,402.00 3,402.00
14.0 Labour 12.00% 6,048.00 6,048.00 6,048.00 6,048.00 6,350.40 6,350.40 6,350.40
Total / monthly 6,816 7,157

Total / quarterly 20,448 20,448 20,448 20,448 21,470 21,470 21,470
Summary 2014 2015 2016 2017

RM 81,792 RM 85,882 RM 90,176 RM 94,684
Salaries breakdwn
SOCSO
Quantity Core Personel
1.0 CEO 1.00% 210.00 210.00 210.00 210.00 220.50 220.50 220.50
1.0 COO 1.00% 150.00 150.00 150.00 150.00 157.50 157.50 157.50
1.0 CFO 1.00% 150.00 150.00 150.00 150.00 157.50 157.50 157.50
1.0 Finance Manager 1.00% 150.00 150.00 150.00 150.00 157.50 157.50 157.50
2.0 Admin Exec 1.00% - - - - - - -
1.0 Marketing Manager 1.00% 90.00 90.00 90.00 90.00 94.50 94.50 94.50
4.0 Site Manager 1.00% - - - - - - -
7.0 Site Supervisor 1.00% 180.00 180.00 180.00 180.00 189.00 189.00 189.00
6.0 Security Guard 1.00% 270.00 270.00 270.00 270.00 283.50 283.50 283.50
14.0 Labour 1.00% 504.00 504.00 504.00 504.00 529.20 529.20 529.20
Total / monthly 568 596

Total / quarterly 1,704 1,704 1,704 1,704 1,789 1,789 1,789
Summary 2014 2015 2016 2017

RM 6,816 RM 7,157 RM 7,515 RM 7,890
Salaries breakdwn
Yr 2
4th Q
22,050
15,750
15,750
15,750
-
9,450
-
18,900
28,350
52,920
78,750
315,000
2018
RM 364,652
Salaries breakdwn
4th Q
2,646.00
1,890.00
1,890.00
1,890.00
-
1,134.00
-
2,268.00
3,402.00
6,350.40
21,470
85,882
2018
RM 99,419
Salaries breakdwn
4th Q
220.50
157.50
157.50
157.50
-
94.50
-
189.00
283.50
529.20
1,789
7,157
2018
RM 8,285
Salaries breakdwn
Yr 3 Yr 4 Yr 5
1st Q 2nd Q 3rd Q 4th Q 1st Q 2nd Q 3rd Q 4th Q 1st Q 2nd Q 3rd Q 4th Q
23,153 23,153 23,153 23,153 24,310.13 24,310.13 24,310.13 24,310.13 25,525.63 25,525.63 25,525.63 25,525.63
16,538 16,538 16,538 16,538 17,364.38 17,364.38 17,364.38 17,364.38 18,232.59 18,232.59 18,232.59 18,232.59
16,538 16,538 16,538 16,538 17,364.38 17,364.38 17,364.38 17,364.38 18,232.59 18,232.59 18,232.59 18,232.59
16,538 16,538 16,538 16,538 17,364.38 17,364.38 17,364.38 17,364.38 18,232.59 18,232.59 18,232.59 18,232.59
- - - - - - - - - - - -
9,923 9,923 9,923 9,923 10,418.63 10,418.63 10,418.63 10,418.63 10,939.56 10,939.56 10,939.56 10,939.56
- - - - - - - - - - - -
19,845 19,845 19,845 19,845 20,837.25 20,837.25 20,837.25 20,837.25 21,879.11 21,879.11 21,879.11 21,879.11
29,768 29,768 29,768 29,768 31,255.88 31,255.88 31,255.88 31,255.88 32,818.67 32,818.67 32,818.67 32,818.67
55,566 55,566 55,566 55,566 58,344.30 58,344.30 58,344.30 58,344.30 61,261.52 61,261.52 61,261.52 61,261.52
35,060 36,812 38,653

27,563 28,940.63 30,387.66
82,688 82,688 82,688 82,688 86,822 86,822 86,822 86,822 91,163 91,163 91,163 91,163
330,750 347,288 364,652
Salaries breakdwn
2,778.30 2,778.30 2,778.30 2,778.30 2,917.22 2,917.22 2,917.22 2,917.22 3,063.08 3,063.08 3,063.08 3,063.08
1,984.50 1,984.50 1,984.50 1,984.50 2,083.73 2,083.73 2,083.73 2,083.73 2,187.91 2,187.91 2,187.91 2,187.91
1,984.50 1,984.50 1,984.50 1,984.50 2,083.73 2,083.73 2,083.73 2,083.73 2,187.91 2,187.91 2,187.91 2,187.91
1,984.50 1,984.50 1,984.50 1,984.50 2,083.73 2,083.73 2,083.73 2,083.73 2,187.91 2,187.91 2,187.91 2,187.91
- - - - - - - - - - - -
1,190.70 1,190.70 1,190.70 1,190.70 1,250.24 1,250.24 1,250.24 1,250.24 1,312.75 1,312.75 1,312.75 1,312.75
- - - - - - - - - - - -
2,381.40 2,381.40 2,381.40 2,381.40 2,500.47 2,500.47 2,500.47 2,500.47 2,625.49 2,625.49 2,625.49 2,625.49
3,572.10 3,572.10 3,572.10 3,572.10 3,750.71 3,750.71 3,750.71 3,750.71 3,938.24 3,938.24 3,938.24 3,938.24
6,667.92 6,667.92 6,667.92 6,667.92 7,001.32 7,001.32 7,001.32 7,001.32 7,351.38 7,351.38 7,351.38 7,351.38
7,515 7,890 8,285

22,544 22,544 22,544 22,544 23,671 23,671 23,671 23,671 24,855 24,855 24,855 24,855
90,176 94,684 99,419
Salaries breakdwn
231.53 231.53 231.53 231.53 243.10 243.10 243.10 243.10 255.26 255.26 255.26 255.26
165.38 165.38 165.38 165.38 173.64 173.64 173.64 173.64 182.33 182.33 182.33 182.33
165.38 165.38 165.38 165.38 173.64 173.64 173.64 173.64 182.33 182.33 182.33 182.33
165.38 165.38 165.38 165.38 173.64 173.64 173.64 173.64 182.33 182.33 182.33 182.33
- - - - - - - - - - - -
99.23 99.23 99.23 99.23 104.19 104.19 104.19 104.19 109.40 109.40 109.40 109.40
- - - - - - - - - - - -
198.45 198.45 198.45 198.45 208.37 208.37 208.37 208.37 218.79 218.79 218.79 218.79
297.68 297.68 297.68 297.68 312.56 312.56 312.56 312.56 328.19 328.19 328.19 328.19
555.66 555.66 555.66 555.66 583.44 583.44 583.44 583.44 612.62 612.62 612.62 612.62
626 658 690

1,879 1,879 1,879 1,879 1,973 1,973 1,973 1,973 2,071 2,071 2,071 2,071
7,515 7,890 8,285

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TEKNO INTEGRATED FARM SDN. BHD.

LIVESTOCK TOTAL SUPPLY CHAINS

‘ECONOMY OF SCALE, COMPETIITIVE &

TEKNO INTEGRATED FARM SDN BHD (692783W)

To be more competitive and sustainable, company’s expansion needs a capital investment

Revenue contribution based on business segmentation

Details (RM) Year 1 Year 2 Year 3 Year 4 Year 5

1.3 The main players in the livestock market as follows:-

Australian Livestock Exporter Ranking Mode

Malaysian Livestock Importer Market Shares (%) [RM300 – RM500mil]

i. Kamran Sdn Bhd; - 60%

Malaysian Frozen Meat Importer Market Shares (%) [RM1.0 – RM1.5bil]

i. Pok Brothers; - 50%

2.0 BUSINESS MODEL

2.1 SWOT Analysis

i. Backward integration (upstream)

 Dairy Cattle Breeding;

ii. Core business

ii. Forward integration (downstream)

 Meat Processing; and

 Cold Supply Chain/Grill Bar Franchise

2.8 Work Flow [Fattening to Products]

Cattle arrived Fatten for

The facilities operate by TIF currently as follows:-

Bil. COMPONENTS SPECIFICATION

1. Land acreage – 120 acres  Feedlot/shades (4 units)

Simulation profit special cuts meat as follows: -

No. Parts Percentage @ 189.5kg Wholesale Price

9. Round(rump roast) 25% RM35/kg

*market price surveyed as of 11th Dec 2015

i. Central/Southern Region Distribution Centre, : -

 live animals (Jelebu);

ii. Appointment of agents / retailer (live animal/processed carcass/frozen meat)

 to increase the market shares;and

iii. Franchise Outlet

 operate / fund by third party company / individuals

5.3 TIF existing/potential market can be described as follows:-

No. Company/Individual Volumes/Month Areas/Region

No. Company/Individual Volumes/Month Areas/Region

iii. Special Cuts

No. Company/Individual Volumes/Month Areas/Region

i. Selling of 9,000 heads of live cattle (60%) while carcass (40%);

6.2 CATTLE FATTENING

NO. PARAMETRES COSTS (RM)

*carcass calculated at 53% from total animal weight

No. PARAMETRES (RM) (RM)

1. Purchase price [RM10.70 x 350kg] (4,066) (4,066)

6.5 SIMULATION ON SHEEP PRICING (EX-ABATTOIR/EX-FARM)

NO. PARAMETRES (RM) (RM)

1. Purchase price [35kg] (600) (600)

NO. PARAMETRES COSTS (RM)

6.7 SALLES CYCLE ON FROZEN MEAT TRADING

Aust. beef (tons)

6.8 SIMULATION ON FROZEN MEAT TRADING

Bil. Details (RM/KG) Aust Beef Mutton Lamb Ind. Buff

6.9 FINANCIAL FORECAST FOR YEAR 1 TO YEAR 5 OF TIF

Details (RM) Year 1 Year 2 Year 3 Year 4 Year 5

* Better explained with reference to ms excel files *