La Vieilli Hotel

Projected Statement of Income Statement

For 5 Years

Year 1 Year 2 Year 3 Year 4

Service Revenue 4,876,273.80 5,250,198.05 5,624,122.30 5,998,046.55
Add: Other income
Function Hall 448,000.00 448,000.00 448,000.00 448,000.00
Space for rent 180,000.00 180,000.00 180,000.00 180,000.00
Swimming Pool 24,300.00 24,300.00 24,300.00 24,300.00
Less:
Pre-Operating Expenses (57,700.00) - - -
Operating Expenses:
Salary expense (2,560,893.48) (2,560,893.48) (2,560,893.48) (2,560,893.48)
Office Supplies Expense (21,734.00) (21,734.00) (21,734.00) (21,734.00)
Housekeeping supplies expense (52,689.00) (65,861.25) (82,326.56) (102,908.20)
Utilities Expense (307,462.32) (384,327.90) (480,409.88) (600,512.34)
Permits and licenses (9,669.00) (9,669.00) (9,669.00) (9,669.00)
Cleaning Materials expense (34,805.00) (34,805.00) (34,805.00) (34,805.00)
Depreciation expense (note 1) (495,121.12) (495,121.12) (495,121.12) (495,121.12)
Total operating expenses (3,562,681.92) (3,535,795.92) (3,535,795.92) (3,535,795.92)
Net Income 1,965,891.88 2,366,702.13 2,740,626.38 3,114,550.63
 La Vieilli Hotel
Projected Statement of Cash Flows
For 5 Years
Year 1 Year 2 Year 3 Year 4
Operating Activities
collections from customers 5,528,573.80 5,902,498.05 6,276,422.30 6,650,346.55
payments for operating expenses (3,067,560.80) (3,040,674.80) (3,040,674.80) (3,040,674.80)
Net cash provided (used) from operating activities 2,461,013.00 2,861,823.25 3,235,747.50 3,609,671.75

Investing Activities
payments for acquisition of:
Furniture's and Fixtures (313,531.00)
Function Hall (156,851.00)
Office Equipment (237,829.00)
Room Equipment (994,190.00)
Housekeeping Supplies (590,708.00) - - -
Cleaning Materials (28,555.00) - - -
Pool Area Equipment (38,245.00) - - -
Building Utility (59,899.00) - - -
Building (13,347,824.05) - - -
Land (9,293,340.00)
Net cash provided (used) from investing activities (25,060,972.05)

Financing Activities
Partner's Capital 28,000,000.00 - - -
Net cash provided (used) from financing activities 28,000,000.00 - - -
Net increase (decrease) in cash 17,113,188.95 2,861,823.25 3,235,747.50 3,609,671.75
Add: Beginning Cash Balance - 17,113,188.95 19,975,012.20 23,210,759.70
Ending Cash Balance 17,113,188.95 19,975,012.20 23,210,759.70 26,820,431.45
 Payback Period

Net Operating Cash flow for the Unrecovered investment Return on

year at year end Investment

Year 0 (28,000,000.00) 28,000,000.00 9.77%

Year 1 2,461,013.00 25,538,987.00
Year 2 2,861,823.25 22,677,163.75
Year 3 3,235,747.50 19,441,416.25
Year 4 3,609,671.75 15,831,744.50
Year 5 3,983,596.00 11,848,148.50
 Year 5
6,371,970.80

448,000.00
180,000.00
24,300.00

(2,560,893.48)
(21,734.00)
(128,635.25)
(750,640.43)
(9,669.00)
(34,805.00)
(495,121.12)
(3,535,795.92)
3,488,474.88
 Year 5

7,024,270.80
(3,040,674.80)
3,983,596.00

-
-
-
-
-

-
-
3,983,596.00
26,820,431.45
30,804,027.45